Quote from: Oshosondy on Today at 04:43:46 AM

Quote from: Farma on March 16, 2022, 10:55:55 AM

however, the drop in bitcoin price from $69k to $50k was due to a correction, and the drop in bitcoin price from $50k to its current price was due to a bear market. Currently, there is not enough good news from bitcoin to see its price rise again. but the fact is, the current development of bitcoin in the real world is really growing fast, I even wonder why bitcoin hasn't gone up to its current $50k price. well, i believe that bitcoin price could go up again, so personally, buying at this time is a pretty good thing.

The price of bitcoin was dropped from ATH to $50000 because of correction which is a bear market, the drop to $40000 is a bear market also but can still be said to be correct as well, it depends on what happen next if bitcoin will still drop to $30000 or below $30000 before bull run starts again.

I do not exactly know what will happen in recent time, I do not know of the price if bitcoin price will increase or decrease, I do not know if the price will drop below $30000 which is very possible. My speculation is just based on long term that if someone hold bitcoin now, there will be a time bitcoin price will reach six digits. But in short time, I do not know what exactly will happen.

If we are in the bear market, then chances are the price will continue it's downward path as we have seen in the past. The only hope for us is that the price drop is not going to be huge and quick, as we have seen as the price is slowly going up again to $40,000.

Nevertheless, April historically is not a good month so I will advise everyone to brace themselves because if history repeats itself again, then we could see the price below $40,000, IMHO.