We have seen the price of Bitcoin drop to around $15,000 at one point. Even a few months ago Bitcoin price was in dire straits many investors thought it could go further down but it turned out to be quite the opposite. Currently we can definitely see by looking at the position of Bitcoin that maybe Bitcoin will not go to that position but now it is time to go higher in the market. Now that Bitcoin is close to $35k we see no reason to come to $18000 now and won't come here. The price of Bitcoin may have dropped a lot during the autumn, but now the market is pumping well. But I think Bitcoiners will not have to see this bearish market again as we have good things ahead.
The next Bitcoin halving should take place on April 7, 2024. There are less than five months left before this grand event, which many in the cryptocurrency market are eagerly awaiting. A few months before the halving, whales can arrange a temporary drop in the price of Bitcoin so that weak hands of newcomers dump more and thus the whales can buy up potential cryptocurrency. Therefore, in the near future, I still assume a significant drop in the price of Bitcoin, but not for a long period. Closer to the fall of next year, we should see another cryptocurrency price boom.