Bitcoin's price is never stable - volatility is one of its main properties.
I'm not sure, but now the situation is similar to a trend change - the rise after the fall is less than the depth of the fall. Several such waves have already passed and if this continues, it will turn out that we are in a bear market.
I would've thought bitcoin having price volatility as a property was a drawback meaning negative. It isn't a plus issue no matter how it's presented.
It wasn't a surprise because bitcoin was close to $50k price for a couple of weeks but will it be stable there ?
During the next week will the price be heading downward because of sellers making profits or is it going upward when the next price to generate media interest will be $75k ?
It's difficult to work out if it's going to stay stable at $48k - $50k
I just want to ask you, what is your plan for Bitcoin, is that for long term investment or just for daily trade, If for the long term, is not truly affected if you buy it now, yesterday or tomorrow. But if you prepare for daily trade, you should try to find dip price. Bitcoin is volatile, up and down is normal.
I'm not doubting what you're saying we all know bitcoin is volatile but a new generation of investors could find it's too volatile for them. My plan for bitcoin and cryptocurrency is to invest.