Very few of us have seen first rise and nose-dive of bitcoin. Then came the tremendous growth report of bitcoin which forced the world to take bitcoin and alt-coin seriously. This tremendous growth soon started to get correctly. That is from 16000 USD to ~6200 USD correction has happened so far. As as of now the prices have remained stable about 6000 USD.
Do you think this the better time to go for bitcoin purchase spree again? As from the bitcoin price history bitcoin has shown tendency to spike periodically.
Considering the bitcoin novelty has worn off across the glob, Now there is sufficient awareness about the bitcoin and crypto. what could be the driving factors If yes then what could be the driving factors for the growth? As previous factors may be less significant this time.
as i write this comment, the market has declined on steep dive, literally, now is the time to purchase or buy more bitcoin, as the rule may apply, buy when the price gets low and sell when the price increase. who knows, after this dive, the price will start to soar and as more and more traders who are gonna buy crypto, the supply will decrease therefore creating a fluctuation in the current market.
Only if one studies the market movement on weekly basis and monthly basis then it seems that market prices are moving upwards. However quarterly basis or more than that shows that prices are in 6200 USD - 6500 USD range bracket. Bitcoin market is volatile and few percent changes are quite common. Here we are discussing about whether bitcoin has got correction after its fall from 17000USD to ~4000USD.
Some may skeptical current correction is real correction and that further correction is expected.