I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.
What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.
Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.
A person's belief in the viability of bitcoin really depends on the understanding he has, but almost everyone believes that bitcoin will be at its highest price in the future, so far bitcoin is stagnant at the current price, but I believe after the correction recovers, bitcoin will return to the green line and reach a new ATH, because the current scheme is almost the same as the bitcoin journey in 2021, where the correction phase is a way to determine the new ATH and hopefully it will be true for bitcoin in the future