Certainly, this is not the end of cryptocurrency or blockchain technology, but unfortunately, all analizes are saying that it is also not the end of price drops. I know that we can not predict the price of Bitcoin, but it looks like soon we will see its price below $3000.. Hopefully not.
Why "hopefully not"?
The price going below $3k now isn't going to affect the next bull run.
I imagine because he's holding. The further down we go, the more painful it gets. That's not a major problem for strong hands, but it's probably pretty tough for people who bought into the bubble last year.
I wouldn't be surprised to see 6 months of $3k to $6k price before next bull market gets going.
Me too. Wherever we bottom, the market should go sideways for quite a while as bulls quietly absorb selling pressure and demand takes over.