I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.
It seems surprising for the newcomers but for those who have already been familiar with the market, this is a common scenario to see, dumps will undoubtedly come after the bull season. Yea, it was terrific to remember the past days, I didn't even figure out that it was already 1 year since we reached the ATH. For sure a lot of people had missed that situation and made it this year to take in preparation for the upcoming Bull season. I just hope everyone has done filling their bag/s ready for it because we are expecting Bitcoin will reach more than $64k as its new ATH.
Beginners who come will surely believe that in 1 year Bitcoin will rise again because they do not know the previous market situation and only remember from the sweet words of others that Bitcoin is easy to rise, that's bullshit we are still in the same situation seeing the price of Bitcoin from ATH continue to fall to $20k and of course we expect another increase but because we are familiar with the market it certainly doesn't take 1 year to soar even a few years have to pass how we survive in a stuck Bitcoin situation so now we understand from this 4 year cycle it can also be possible maybe not but history records it always repeats itself, so when it's down or bearish it's time to buy and hold Bitcoin in our bags so far it becomes easier to buy lower.