Last year I predicted Bitcoin will rise above the value at the start of the year and I was totally right about it, in April Bitcoin eventually reached a new all-time high price of $64k. Bitcoin added about 72% of its value as it increased drastically before it eventually started falling back in May till September. I don’t really know how this year is going to turn out now because of the present dip. But I just hope it increases, that’s why I’ve been advising so many people to hold their Bitcoins and even buy more now cause it will surely rise again.
Bitcoin wi surely rise and it will always rise. Bitcoin will surely fall and it will always fall. What matters is the percentage of rise or fall, how long it will remain when risen or when fallen and when to beat a previous ATL or ATH. How to know the bottom of each circle and buy at the bottom. To discover this things is not easy and that is why we buy at the wrong time. But for this year Bitcoin will rise but it will not break the ATH.
Bitcoin is always designed to bounce back and skyrocket again. But there is no certain time when will it starts rising as the market is still in clear bearish this time. However, regardless of how unpredictable bitcoin is, we know for sure that bitcoin will always recover from its price downfall, and history has proven it a lot of times. Though there are criticisms that bitcoin is bound to die, but as long as the market demand lives on, it’s value will always recover and rise again, although not too sure if bitcoin hits new ATH this year.