I observed several changes in the price within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.
That's low compared to its ATH and never in its history of bitcoins price did not increase its price and break its old record price after it falls. The price will eventually recover but we don't know when it is if you check its history, more likely to occur after a few months from bitcoin halving and that's 2 years from now. Long-time holders are the happiest people right now because they have the chance to buy low right now.
Exactly this logic for sure. I mean we have never stayed under ATH forever, we always kept on breaking it, even if it takes years, we always broke the price record. Which means that 68k was the biggest price we saw, and that means we are going to be 70k or more in the future, I do know when but it will happen for sure.
This is what I care about and I believe that it will happen sooner rather than later. That's how we could make sure that crypto is doing better. This is not something that could be timed though, I mean maybe this month, maybe a year from now, we can't really know the time of it, we can only guess. But I know for sure that it will happen eventually, or at least hope for it.