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Time will tell. What are your predictions of when will bitcoin recover from this decline?
Time will tell...Time will tell. What are your predictions of when will bitcoin recover from this decline?
Well, this 2nd quarter it looks like not at its best. The market seems to move up and down, I'd never see strong resistance in the market making its way up consistently. The price of Bitcoin may just be raging $40k-$48k.
However, I'd expect a change in this trend likely in the 3rd quarter, but never I expect the price of Bitcoin will move as high as $55k. This year we're not really be going to have ATH again but at least, we're not on the bearish side. Looking at the market price this time, I guess people are still calm and confident about holding investments. If this is still kept going, prices will surely don't drop more instead of growing high.
April is traditionally a month where we see some good momentum in bitcoin. I am hopeful that this month will be bullish for bitcoins. For the last 2 weeks, bitcoin was moving positively upwards but yesterday and today, it is again showing some selling pressure. I don't know if the bitcoin conference 2022 has a negative impact on price
Usually, we see bitcoin and crypto pumping before the events and dumping on and during the events.
Can't expect to much since maybe this year will be different and but I'm speculating that maybe we can't see those bullish season which bitcoin goes pump as hard as before. Maybe we can see this season when halving nearly came nor take effect in future since this is mostly one big event which make bitcoin pump more higher. Maybe the best one to speculate is what will be the price reached on next halving.