People worry about bitcoin not going up and worry when it goes down a bit. Well here's a little bit of info for the noobs and skeptics out there. Bitcoin will be 50k usd in a few years. Bitcoin will be 100k usd after that no doubt. Bitcoin will be 1mil usd when the supply is capped. All of these are facts. No you cannot make money flipping bitcoin in a day, or a week. But you will flip in years.
-Ryo1946
Actually many people do not think that much far or they do not have the holding capability for years. Everyone need quick money and they tend to look at the current prices. The prices are stuck between 3-4K for few months and this is creating frustration among the bitcoin holders. Also they fear it may fall to to 1-2K rather than going up.
I dont see bitcoin ever testing that figure again but I see it becoming stable on $4k+ from a very long time and the reason why I believe bitcoin will never test that again is that we still have millions of potential investors out there who are ready or willing to invest in BTC now or in future.
The amount of investment might not be as significant as the whales pump into the market but the daily entry and usage of normal investors is more than enough to keep the BTC stabilized on $4k usd till we get another Big time investor that will pump very large sum of money into the market for us to experience bull trend.