That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.
Bitcoin price is below $8k for several months and I think it will remain below till the end of the year. There is no positive sign in the market for growth in the price. Now people hope that the next year will be good form the current year. I think differently and for me time is not concerned, all is about the investment capital and the belief in bitcoin.