Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?
Bitcoin is stabilized now , yeah it was not totally stablished because there is no such way in volatile market but at least we can see that the range of value is from 32,000$-37,000 value that we must be thankful because not like all the Bullrun happens in December this is the only time that the value of Bull went up to almost start of Febuary.
The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?
Not because Biden don't want to weaken the Dollar this does not mean he is referring to Bitcoin , i think he has another strategy in which he will use crypto to help dollar.
I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.
I think it's stabilized for now, I'm observing the price the past 2 days, since last night, it has stabilized at around $30.000. I don't think it will drop any further, or at least not to a large degree. Likewise, I am now looking for an opportunity to buy around $1.500 worth of Bitcoin to invest back into trading. The most recent price crash was quite beneficial to say the least.
But we have same scenario the last time when the price almost fell down below 30k , and yet in the next week it does more than below and it was 28,000$ level.