It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?
I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
The price of cryptocurrencies, especially the price of bitcoin, fell to $16000, as it decreased by 20% of the value of cryptocurrencies, and this is due to the collapse of FTX and its associated companies, and the price of bitcoin this year reached $23000, and it is to some extent a gradual recovery, and I see that if bitcoin managed to penetrate the level of $25000, then Moving to $32000, it is at this stage that you can see a complete recovery for Bitcoin, and this recovery is due to the adoption of Bitcoin as a means of payment for many companies and the rise in the prevailing popular use of Bitcoin and goes back to the period when American inflation began to decline in its monthly rate of increase, OP also you are right, because Bitcoin is a necessity in the life of every person and every investor, and it is good that Bitcoin has recovered some of its losses, as its price is now a good indicator this year.