All the countries are going through a hard time by the fall of covid-19.
The COVID recession is over, the new recession due to the NATO-Russian war is the one that's affecting the economy and bitcoin price.
a big token like bitcoin
Bitcoin is not a token, it is a currency.
is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .
Check out the
speculation board for that.
In short if you check the short 14 years of bitcoin market history you can see that we have periods like this where price keeps going sideways without any major rises or drops. The important thing is that the adoption is growing and Bitcoin is still the same decentralized censorship resistant currency it ever was. Which means the future growth is expected to be the same as before.
These days we have two things to look forward to. The halving and the failed interest rate games governments play to keep inflation down by worsening recession. As inflation starts rising, bitcoin price should too.