So what are your thoughts on this? Will Bitcoin Price regain its old glory soon?
Does Bitcoin lose its glory? I do not think it losses anything except the price valuation during this bear market. Bitcoin is still the same dominant cryptocurrency, and adoption and popularity are still propagating. Governments are taking notice and considering regulating it in preparation for possible adoption. There is more and more country following the steps of El Salvador[1]. All in all I do not think Bitcoin losses anything except for the one I mentioned but we just need patience. We all know that Bitcoin has the capability to rebound and recover, even breaking new series of ATH when the bull market comes.
Exactly bitcoin doesnt loose it glory, there must always be bear market for the bull market to occur. Bitcoin will regain it glory definitely. Analysis make us to understand that bitcoin will come back to it pace by 2024. Bitcoin will definitely recover it strength.