Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?
Why sudden dump happens to bitcoin. Due to this btc dump is there is any possibilities to see hyip in Alt coins.
Is bitcoin bounce again?
What are you babbling about? Bitcoin in no way is in another bear market, and I think that is the consensus of the majority of traders at the moment.
If we're talking about root causes, people have attributed this downturn to Libra, Trump's comments, a bunch of things that I don't think are necessarily the reason why this correction happened at all. Sure, they may have influenced in terms of kickstarting the process, or worsening the losses, but really if you look at it from a macro perspective, this part of the cycle within the bull market would have come sooner or later.
This is a bear trap. In my opinion, it is still apparent that institutional investors are definitely interested, and that retail investment interest from the mainstream has not even started yet. The bull market still has a long way to go. While it may take quite a while to breach the resistance at $10k again and we may see further dips in the process, it's the complete opposite of doom and gloom to me. It's an excellent buying opportunity, for dollar cost averaging.