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
Before investing into bitcoin, I was told to keep this thing in my mind that I need to be very clear about this that bitcoin is a decentralised and volatile crypto currency and volatile nature is the reason for the flactuation in the valuation of bitcoin and moreover the valuation of bitcoin is subject to market risk and varies according to market demand and supply as from the beginning of this year the valuation is getting lower and lower but there is nothing to worry about as the valuation will definitely going to inflate in the future.