Post
Topic
Board Speculation
Re: Will Bitcoin hit 2022 low again?
by
Natalim
on 04/10/2022, 22:03:11 UTC
Today the Red Again Market and have been more than a week of bitcoin prices below $ 20K, I hope the market will immediately rise so that it can profit again, another impact is of course the number of altcoins that drop significantly so that it makes us more loss.
I don't like the situation whereby if the price of Bitcoin drops some of began to understand it in different ways, actually it's quite understandable that bitcoin price always get increase or Arise whenever it experience low value, using last two days as an illustration, when it's red, it do experience positive reaction as resurrection within interval.
It is moving like a roller coaster in the first place. It moves up and down depending on the market supply and demand which really affects not only Bitcoin but also the entire crypto market. If we have a long experience in the crypto market, we no longer get surprised about the situation because that is what we usually experience. As we are experiencing bear season this year, this will surely change in the coming years. We have a so-called market cycle and that is certainly comes whether we like it or not.