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 also think that the Bitcoin price will recover slowly, because the price recovery on Bitcoin obviously takes a little longer than the price drop which had happened more quickly. So in the near future maybe everyone will not see a big immediate increase in Bitcoin, but a slow increase is still very possible as long as there is no conflict going on in the market through problems like FTX.
But a correction is also very likely if more investors do not enter the market to buy back Bitcoin at the current price or add more Bitcoin assets to their wallets to invest as they have done in the past year. And now everyone just has to wait to see how the market reacts while buying back if they still have unspent money or have not had time to buy Bitcoins in the last month.