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?
Bitcoin today has dropped to $108k after previously holding in the price range of $115k. Hopefully, its movement can be more stable at this current price, with a tendency to move sideways.
Currently, many are still hoping for something good next month until the end of this year. But we still cannot predict it. A decline could also happen.