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The BTC was valued at just below $33,000 this morning, which is around 50% of its peak on the back of a range of challenges, including energy-consumption issues, China pushback and delayed US ETFs, which bi expects to be transitory only. When these troubles pass, cryptocurrency will return.
At the present time, the price of Bitcoin has come down a lot. There is no point in buying Bitcoin at this time. The ideal time to buy Bitcoin is when the Bitcoin market is in good shape.Those who work with the cryptocurrency market always know when the price of bitcoin will rise. Bitcoin prices are set based on bitcoin buying and selling. When a large bitcoin buyer arrives, the price of bitcoin tends to skyrocket. This is something we've seen before when the world's richest people started doing it.
Just as the king of the creepy currency market is the biken, so is the king of Elon Musk. Elon Musk is associated with the cryptocurrency market, but the rate at which bicentennials are more or less seen does not adapt to any heart rate, but when the influence of the first Ellen Markets rarely began, bicentenary prices began to return, When the price of Bitcoin started to fall, the price of Bitcoin started to rise again due to a tweet from Elon Musk. But now the price of Bitcoin has started falling again.
Everything is possible but I'm sure not that high, main reason is bitcoin never show another function anymore. Need innovation, low fees and friendly security system to support higher level. If bitcoin doing nothing they will never reach that level and loss by eth.
But you are not saying that we are in a proper Bear market are you? Just cos the market corrected -50% don't mean we are in a bear market because even back in 2017 the market witnessed such correction before July and rebounded back to hot the ATH for that year about $20k Bitcoin price. I also think we might still see a bid reversal in most of the market coins prices and some will still hit a new ATH this year ends too.I know there are many people here who have been working with Crypt since 2017, 2018 or have worked with Crypt. So they have seen a big upliftment of the market once before, so let's see today, everyone express their opinion, who understood what from this market, how the market taught. What do you think about the current market?
The current market is bearish, although several people said It's fluctuations, But I don't think about it.
Because bitcoin dumped almost 50 % from ATH at this year.
In my opinion, This time is bearish season.
that's my opinion.
Bitcoin price of Criptocurrency Given its fixed supply and given the fact that there is no democratic mechanism to determine who gets and how many Bitcoins, it creates a kind of feudalism run by the early adopters of Bitcoin,” he said.that is the advantage that bitcoin has because there is no mechanism that can regulate, determine, take advantage of everything that happens with bitcoin. bitcoin works based on market mechanisms that occur with transactions that occur.Correct... this is a whale game.many can deal with this, not just whales, because anything that can move people simultaneously to be able to influence the bitcoin market will obviously result in bitcoin being held hostage, but not all can and want to be stuck with it and there are still many who can understand it. the situation, that's the advantage of bitcoin.
Bitcoin formed a rally for a long time, now the correction will likely last even longer. I don't expect a new rally anytime soon.
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