Quote from: Vinaa77 on December 14, 2022, 09:56:15 PM

Quote from: Sadia33 on December 14, 2022, 05:57:54 AM

Bitcoins price has recovered from this meltdown some what but price reaming too low growing. The coin reclaimed $17.7k+ this week and remains at the price point as of view.what do you think,bitcoin price is still correction? I personally thinking about that bitcoin price will be recover again.

I'm not sure the current state of the Bitcoin price is sustainable. My estimate is that prices will be back at $16k dollars by the end of the year. This is a long holiday, of course there will be many investors who will sell Bitcoin in the near future. If we pay attention to today's chart it also drops like a waterfall, as if nothing can hold the price on a buy order.

This is a real possibility, while I am glad the price finally had surpassed 16k and we reached 18k for a time I cannot stop thinking it is simply too soon for any kind of major recovery.

Most likely we will see the price of bitcoin ranging for some additional time and as such a visit to the 16k level is possible too, however it is important to not panic during those times and if possible take advantage of the opportunity, as we do not have an idea for how long the window of opportunity will remain open so we can take advantage of such low prices.