Quote from: serjent05 on August 26, 2022, 08:17:00 PM

Quote from: First Registration on August 21, 2022, 04:43:33 PM

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.

This is something that is often forgotten by those which are relatively new to the market, it is true that right now we're going through a very intense bear market, but the conditions we are facing are not going to last forever, at some point people are going to realize that the price of bitcoin is very low and the panic sellers are going to run out of coins to sell.

This will diminish the supply available at exchanges and increase the demand, and we know that when that happens the price has to go up, and when you add the halving on top of all of that then that is the moment in which a bull run inevitably happens.