Do you think bitcoin is going to reach june rates soon ?
I don't remember how much It was back in June but Bitcoin is increasing slowly with stability (that's what we need at the moment instead of a pump-dump) and with the halving that happened in last July , It should be just a matter of time till It reach 1000$ , If not more.
I guess this is true . Bitcoin is now slowly recovering to its low price. It is now develop and have its price higher and increasing as time goes by .
No Bitcoin is not able to recover from a very long time.Its price is still below $ 7000.There can be several factors behind this like the forces of demand and supply.When the demand is more the price will rise and when the demand falls the price will also fall and this is only happen with Bitcoin.People are also not investing in Bitcoin because of the fall in price and this related to more decrease in price of Bitcoin.Countries are also banning bitcoin due to its decentralised nature.
It's not a right mindset for those people who misjudged bitcoin in that kind of scenario, because so far buying demand also grabbed the chance while price was still cheaper. By the time price went up very high, traders couldn't easily buy bitcoin for an expensive value. Always think selling at high and buying at low, so we can contribute to bitcoin's recovery period.
No Bitcoin is not recovering from a very long time now.Its value is below $ 7000 and it is unable to rise.The demand of bitcoin is also falling day by day due to the fall in price. Investors are suffering from losses and that is why they are pulling their money out of Bitcoin which is leading to the downfall of the price of Bitcoin.We all know that Bitcoin has the potential and capability to rise and create new record but this time it is taking a lot of time to recover.But still people have faith in it.