Post
Topic
Board Bitcoin Discussion
Re: what If Bitcoin Price never comes up
by
TheUltraElite
on 11/01/2023, 15:20:45 UTC
please explain me why bitcoin will make another all time high
Demand over supply. If people buy bitcoin its demand rises and considering the limited supply the selling price of one bitcoin will rise to keep up with the profits that its traders would wish to get and hence raise the price at which they are bought at.

Quote
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up
Bearish trends happen when bad news hit the market, like an exchange getting hacked or someone big dumping their coins or some bad statement about crypto by some big name. Such things drain the price and start a bear trend which gets corrected depending on the gravity of the news. Later on as the correction kicks in from those who were waiting for discounted price to buy at, the price starts rising again.

To answer the question in your title, I would suggest you to read the older charts and see how long bear/bull cycles last in the market.