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.
I think it will very likely be a bull run soon, because I recently found news that bitcoin ETFs will be accepted, and also from chart analysis that shows reduced bitcoin volatility, which indicates a breakout in the near future.
In the last years, Bitcoin's ETF is being denied and after that the price starts to go down bu we can't say that it is the effect of the denial of that ETF since the price of Bitcoin is really volatile hence we don't know whether it will pump or it will dump.
What we know is that the usual month when price pumps is getting closer and closer and if you are interested, you should really invest now while the price are still at it's lowest.