According to what's happening in the market today., Bitcoin's value has changed a lot in the past, still going up and down quickly. Recently, it reached a really high value in April 2021, but then went down a lot in May 2021. There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC
Did people actually think the correction we were witnessing was some sort of bull market? Because if that was the case then they were being incredibly innocent, after touching the bottom the price had not place to go but up, this combined with the cheap price created a good environment for the sustained growth of bitcoin.
But it was not a bull market, it was just a correction, and at least for the moment it does not seems as if there is any strength left on this correction, which explains the current downwards movement.