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?
I mean it's cryptocurrency so there is always a possibility that the market price could be triggered and increase but probably it is just going to be a normal pump, a few percent, or could be around 30k$. To be honest, no one really thinks that the Bull Run is going to happen this year Most of the investors are just accumulating cryptocurrency at this time so that they could easily sell it on the Bull Run. If there is a time when there is a possibility for the market price to move it is probably going to be at the end of the year because most of the time at the end of the market price gets a lot of movement and skyrockets.
I'm really expecting the market price to skyrocket in 2025 or maybe 2024 if we are early, compared to the past month's Bitcoin adaptation was just huge, and even if some platforms Bitcoin and cryptocurrency are already adapted and used that just means that it could easily attract millions of users using their platform. We just need to HODL our investment in the long term because it is just way to risky to sell your investment in just a small amount of time because you're just gonna end up losing in the market.