It is curious that the peak of that chart is in 2017. I think that was the height of the blocksize wars, with the hard forks of shitcoin cash and others, aside from the danger of flippening that there was with Eth eating into Bitcoin. But we see after the years that the danger passed and Bitcoin continued to be declared dead without anything really happening.
Looking at the downward trend, if next year we enter the bull market as expected, the death of Bitcoin will hardly be announced.
The year 2017 was the remarkable one in the bitcoin history,because the bitcoin price was struggled to reach 10k in that year.But at the end it had reached 19k dollars and give the profit to many buyers,then new people come to know about the bitcoin.Later in the 2018 the price of bitcoin was reduced because of many many people sell their bitcoin holdings,the next halves was happened in 2021 which made many people gained more money again in the bitcoin.Many people think the bitcoin will be dead in the 2017 itself,but the bitcoin demand wa crossed over a decade.
2023 is not many days left to end and with the increase in price and abundance of Bitcoin, we can say that Bitcoin is never dead. We saw Bitcoin price crash a lot about two years ago, but again the BTC market is rebounding to higher levels. If we look at the past chart wise, we can certainly see that Bitcoin has never stopped but has steadily rebounded. And I think that since the days ahead are going to be better for the Bitcoin market, it is best to invest now. As Bitcoin halves next year, the next year will see Bitcoin peak at the highest ATH.
The bitcoin will not dead until the demand for the bitcoin in the market.The bitcoin price crashed after the 2020-2021 because of the halves was ended in 2020-2021.Now many traders waiting for the next bull run of 2024,hope we all earn from the next bull run of 2024.