In the past month, the price of Bitcoin has remained stable, somewhere around $30K. Compared to the previous months, this is a giant leap. With the steady price pump, the whole cryptocurrency market has turned to the bull season direction. I believe that the traditional banks' collapsing was a great factor for large amount of fiat money to pour into the crypto market and thus it stimulated the price pump. If the market cools down and the Bitcoin price remains around $30K, will the bull season delay to come ? Let's say it won't be in 2024, maybe 2025 or later ? Please let me know your thoughts. By the way, I am with FireDAO team and please let me know if you are interested in new projects.
The price of 30k$ was declined so I guess the market price could stay around 30k$ for a while and probably could go lower, I would like it to stay at around 20k$-25k$ just because I would like to accumulate more bitcoin but I guess the market price could easily skyrocket at any moment because the hype of bitcoin and cryptocurrency, adaptation, etc is increasing a lot.
I mean we can't predict accurately the market because there are a lot of factors affecting the market price of bitcoin, one bad news or article online could easily drop the market price, but we all know that we're getting near the bull run and it soon happened soon, maybe in 2024, 2025. but for sure there will be a huge pump at the end of 2023 because of Bitcoin halving.