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?
Bitcoin price is not fixed. Its price fluctuates constantly but Bitcoin Halving 2020 Bitcoin Price Increases Overnight. And (Bitcoin price continues to rise sharply in 2021). According to this halving cycle, the price of Bitcoin may increase in 2024 but the price of Bitcoin will continue to increase until 2025.
It is currently 2023 so Bitcoin price will not continue to peak. However, some partial patterns of growth can be predicted, but Bitcoin may take a new form very soon. And by 2024-25 the price of Bitcoin may reach millions of dollars.
Bitcoin price probably won't peak in 2023, but saying it won't rise this year is completely false. The price went up from $17k to $30k in the past few months before a correction in May. If someone believes in bitcoin and buys it for 17k, they will get almost double the profit from bitcoin compared to the current price. It's ridiculous that OP says the bitcoin price doesn't increase.
Yes, the new ATH will likely arrive during the next bull season, possibly in 2025, but saying it will hit millions is an exaggeration. I don't even think it's going to cross $200k, let alone millions of dollars in bitcoin.