A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
It is too soon to say the bull run is over, the price is too close to the all time high and it has remained at those levels for too long for the current all time high to be the highest point we are going to reach, the market is just gathering strength, now it is going to be more difficult for bitcoin to grow up with all of those altcoins receiving a lot of attention, but eventually enough interest n bitcoin will raise again and we will see bitcoin producing new all time highs in no time at all.
indeed lately Bitcoin price movements tend to be more stable, after rising a few weeks then falling again then experiencing a slight increase again, if making a bullish statement in 2021 is over, of course, the truth cannot be ascertained. but according to my own personal predictions Bitcoin will make new history again until the end of this year
In terms of percentages it will become more stable with higher prices but it is still volatile. When Bitcoin prices were low it was way more volatile and could quadruple in price or lose 75% easily. That's not going to happen the same way with Bitcoin's price increasing more and more.