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.
out there, there are still many people who are skeptical of the bitcoin price and think that the current bitcoin price is permanent and is unlikely to rise again. that is a wrong assumption because the bitcoin market is a very volatile market, and prices are not permanent. currently purchasing power is still decreasing along with the unstable world economy, in a few years when purchasing power strengthens then we will definitely see bitcoin prices soar again.