While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again. With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend. And how can we inspire people to buy more Bitcoin to increase the demand for the coin?
Currently, mainstream media views bitcoin as dangerous and only displays its negative effects. This leads to most people around the world being influenced and incorrectly educated about bitcoin as a whole and therefore results in a decreased demand for crypto in general. Additionally, governments dislike bitcoin and regulate it to the ground, adding to its negative view by society. I believe that if we begin to see more positive news articles about bitcoin as well as the upcoming halving, there should be an increase in demand for bitcoin, especially with the current price sitting around $8200, which would then lead to an increase in value of Bitcoin as the supply decreases and demand increases.