The crypto market is melting down,and bitcoin price show's it.Crypto prices is highly volatile in November falling collapse of FTX one of the largest and fastest growing crypto exchange. The exchange failed bankruptcy on Nov 11.and those shockwaves still being felt today as the FTX fall out continues. Most recently, Major crypto Lender and exchange BlockfI failled for bankruptcy last 2-3weeks.
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.
Definitely Bitcoins will recover more. I mean its marketcap saying it all. At the start of the month, Bitcoins have shown great positive results, but now it has fallen down a bit to maintain balance in the market. Definitely it will now try to break the resistance and come out of 18k usd range. This might not happen soon, but yes definitely towards the end of the month we will see BTC making something unexpected. If Bitcoins manages to cross 20k usd mark in this month, then definitely next year will be really big for the Bitcoins. Lets hope for the best.