Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
I think we all are forgetting one thing that we all have been told when we took the decision of investing in bitcoin and this is that bitcoin is a volatile crypto currency and we all are investing in a kind of investment so the valuation flactuation is very common and on the same hand we have been told one more thing that bitcoin is very sustainable crypto currency too so there is nothing to worry about as if the valuation was very high in the last December month and now is deflating day by day so the time will also come when it again starts inflating and we all bitcoin holders will get our profit.