Bitcoin lost half of its value and it took at least 3 months to recover from it. It has been at least 4 months since bitcoin was at an all-time high. This decline was longer than the Q2 2021 bitcoin decline. Will it recover in a few months or in a year?
Time will tell. What are your predictions of when will bitcoin recover from this decline?
Of course Bitcoins are going to recover from the decline. In my opinion we are already in the middle of the recovery. If we look at the bitcoin price at the start of the Ukraine-Russia war it is now much higher even though the war has not ended. The world is facing a lot of problems this year, rising energy prices, rising inflation, declining world trade, rising refugee numbers and ongoing covid crisis. With so many issues it comes as a surprise that Bitcoins are still trading so strong. I would expect the worst to be behind us in the next 6 month. We could see a new ATH for bitcoins in November/December this year.