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.
Yeah, bitcoin will recover for sure but it is getting delayed due to lack of external catalyst. We need MicroStrategy or Elon Muck kind of whales gets into action to trigger a reversal of market direction. Still, we cannot underestimate about the power of individual investors like you and myself; yeah when we start realizing about the end of bearish trend and start investing with bitcoin even in small amount, I believe definitely bitcoin market will get into recovery phase for sure.
The whales are very smart, they know that if they wanted they could make the price of bitcoin to go up but this is not on their best interests, they are still accumulating all the coins they can, if anything I think we could see the whales using their influence to make the price to go down instead, as in this way they can force the weak hands to sell their coins and get them for an even cheaper price, so it is for the best to not hold high hopes for the moves the whales could do right now.