This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!
We’re on a bear market and i don’t think Bitcoin is still cheap considering it’s price right now and before. The good news from El Salvador is great but that news alone can’t totally make Bitcoin pump. Don’t worry, this is just the beginning and slowly Bitcoin will recover, it’s price will become more expensive next year.
I also think that the current bitcoin price movement is relatively more stagnant than usual, and maybe this is the impact of the decline in bitcoin prices that occurred quite drastically some time ago, so I think this decline is a reasonable decline and will strengthen again when there is momentum that looks to be back up in the future, so it's better for us to be patient for now and hope that the bitcoin price will return to a positive path. price declines and increases are a common cycle in the crypto market, so we don't need to panic...!