Bitcoin has been the world's most popular cryptocurrency many years now.And,while crypto has been incredible hikes in the past.2022 was an undoubtedly disastrous years for this asset,which faced an overall price drop of over 60%. So why did bitcoin price fall drastically throughout 2022?
When bitcoin went above $60k did anybody asked why bitcoin pumped to that price? But now we are in bear market and everyone keeps on asking why bitcoin is dumping, I think you should just calm down and enjoy the bear market, we are expecting bitcoin to bounce back but nobody knows when it will bounce back. We can't be in a bull market and we won't witness bear market, I don't think that's possible, so let's use the current bear market to accumulate more bitcoin before bounce back.
You should think about it after being bullish, bearish will definitely come next, so why was Bitcoin dumped by more than 60% because many factors occurred so that this cannot be explained in detail.
We don't need to panic in this bear market situation, we need to enjoy it and don't be anxious if you don't want to see a red market, then don't check the market too often because it will be boring to see long bearish and one of the most important things is to buy bitcoin in a bear market and wait for it to be bullish again.
News always bee the biggest factor with that since whatever came out it will be the sentiments of the people and decide to what they need to do. Its just many manipulators use this so that they can gain for their selves that's why we need to ride with the flow with them.