Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years. Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.
Maybe you are right, and I think this is one of the causes. But not only that, the bitcoin futures contract carried out by two world-class exchanges, namely the CME and CBOE Futures Exchange also became one of the causes of falling prices.
Bitcon futures contracts, in fact have made bitcoin vulnerable to manipulation. The reason is that not a few investors who are involved in the auction have relatively low liquidity. And as a result, every investor has the potential to manipulate prices by how to sell or buy large amounts of bitcoin during the auction. In the end, has caused the price of bitcoin to fall and they abandoned futures contracts with big profits.