Crypto is getting harder to predict now, in August we saw a very good pump and many of us must have thought that a bull run was coming soon but when it entered September the market suddenly bled, will we see bitcoin under $5k again until the end of the year?
Was the increase in bitcoin and some altcoins in August just because of the Defi hype? Share your opinion
Although it is difficult to predict in crypto, I do not believe that the price of Bitcoin will fall below $5k. The crypto market is currently undergoing a normal process, it is just a market correction. The growth of the crypto market in August was only due to Defy's hype. I don't think that's right either.
An indeed a sad truth about crypto and that its unpredictable movement of market and whether we like it or not we need to deal with the values of the token we have. But the fact that Bitcoin value dropped its value from $10k down to $5k is definitely unbelievable. And i dont believe it also. Upon checking the blockfolio the value of bitcoin was still unbeatable by having a value of $10k and that's a good news to all those who have a bitcoin today in their wallet.