Post
Topic
Board Speculation
Re: Will the price of bitcoin rise again?
by
serjent05
on 26/08/2022, 20:17:00 UTC
One thing to mention in particular was the bear market a few days ago. Then the price of Bitcoin has decreased due to the market being down. But now, despite being in a bull market, why is the price of Bitcoin decreasing now? Hope the experienced will tell.

It is a simple explanation, Bitcoin price is decreasing right now because the supply weighs more than the demand.  In short, there are more people selling the people buying.  But don't worry because the market sentiment isn't permanent.  It changes from time to time and the bear market will transition to a bull market, though it will take several months before the transition of Bitcoin bear market to bull market happens.  And in that event, you will see the Bitcoin price surge and possibly create another all-time high-breaking record.