Quote from: fadhilz123 on December 15, 2022, 11:03:32 AM

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 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.

I think this is already recovery, the price increased to $18k yesterday, but just like the rest of this price spike it's not going to be sustainable in a bear market. So the effect of the FTX collapse is still around us, but the impact is not that huge when we fall to $15,500 when the collapse happened.

And so from $18,300 to $17,390 today, that is already correction and in the bear market it's already huge $1k lost already in matter of 24 hours. I do hope that there will be buying back again at least at the end of the year, we will have a solid $18k again.