Quote from: ethereumhunter on August 26, 2022, 04:11:44 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.

I think it's only natural to see bitcoin's price going down now because bitcoin has gone through very high gains before and this is a cycle that bitcoin has been going through for years. Maybe the reason is different for each time the increase and decreases occur, making us wonder what causes the price to rise and fall as it is now. But after this decline, bitcoin will rise again and there is a possibility that it will surpass the previous high ATH. So be patient and keep trying to buy when the price is still low so you will have the opportunity to sell bitcoin at the highest price later.

Bitcoin has definitely its own flaws too so expect that it has its own time to grow and prosper and definitely its own lows and price fall backs. And right now, since we are still in a bear market condition, bitcoin is expected to have struggles too in reaching all time highs. The reason why it’s price keeps on falling back in spite of sudden price increase. But one thing is certain, once bull season is here, bitcoin is bound to reach new all time high again.