With the recent downward movement of Bitcoin and other cryptocurrencies, investors are divided; some think the bear market is here, following the cryptocurrency cycle, while others think it is just a trap and the market will rally again.
Where do you stand? Is the recent downtrend just a mere retracement? Or the beginning of the bear market?
Although we cannot say exactly what will happen in the future. But I hope the price of Bitcoin will rise again. So I think this dumping is temporary, will start increasing again soon. And currently Bitcoin is priced at $112k plus, so we can't call it the bear market. We're still in the bull market, maybe Bitcoin could do a new ATH again next month. So investors should not panic but see it as an opportunity.