The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.
Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?
Most of us are not looking for price increasing what we have in the 2021 pump but at least to maintain the value half of that as we have seen so much pump in the beginning of 2023 and yes with the recent 30k breaking there are lights that this will be the maintaining position before the 2024 bull.
Bitcoin's marketcap currently reaches around $530 billion and of course with a very large marketcap it takes a lot of capital to be able to pump, moreover many people are afraid of another bear market so when they feel they are getting at least 7% profit they prefer to sell making it difficult to price go on.
thats too low about what we gather last ATH , but I am proud that i have chance now to buy more while the price is cheap and hot.