The cryptocurrency market has failed to live up to traders' expectations as the bitcoin price is still struggling to get back above $40k. Bitcoin's attempt to hold its price above $40k indicates the sluggish momentum of the crypto market. For almost a month now the bitcoin price is between $37k-$39k. Currently, the price of Bitcoin is trading at around $38k. If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.
Cryptocurrency market conditions really do not generate enthusiasm for investors large and small to enter the market, Crypto corrected in quite a long time for now, bitcoin also has not shown an existence in a suitable return, let alone other coins that do not have utinitas like bitcoin, I am very doubt that this year the crypto market can give a positive reaction, the possibility that this year the market will be volatile again until recovery without pause
bitcoin had fallen yesterday to a low of $28k and is now recovering back to $30k at this point. My suspicion of bitcoin price falling below $32k has happened and now it has got support back to $30k or grew by 2.36%. seeing the current conditions I'm a little excited and hope bitcoin doesn't drop below $30k again but it's still in a less sure status too. will bitcoin regain strength to break above $32k again.