So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
The first wave was before the May halving of Bitcoin and the drop wasn't out of place at the time because of the uncertainty occasioned by the pandemic. But now with halving and reward cut into a half, I don't see price crashing. There can be price correction but not a crash.
I believe the market is in manipulation stage not correction since the market dont experienced simultaneous surge in price which may lead to market corrections.
Nobody will want to sell their Bitcoin cheap because buying back may likely not occur for them. The way looks bright for Bitcoin regardless of the global financial illness.
The future look bright for Bitcoin market but with the current pandemic, there's a chance for some people to sell their bitcoin if they were among those bought when the price of bitcoin is at $9000 and also in need of urgent fund.