The price of Bitcoin currently rising must exceed $50k. But a few days ago Elon Musk said that the price of Bitcoin has dropped by about 50-60% for tweeting negatively about Bitcoin. But again I saw Elon Musk saying something positive about Bitcoin. The price of Bitcoin is increasing by some means. Of course the price of Bitcoin will break the previous record but we will have to wait for some time.
bitcoin has fallen 48% from its last price when it hit renewable ATH and this is certainly the biggest hit bitcoin has suffered so far. because the decline was very fast and didn't take long, but fortunately the price didn't fall below $30K, because if it fell below that, it could be possible for the event to fall even deeper.
all of this due to the bad news that came together from both #elonmusk and china banning bitcoin. and resulted in excessive investor fear of the news, over-anticipated that it had an impact on the price going on with bitcoin.
currently the price remains stable and we hope that for a while bitcoin moves at a fairly stable price, waiting for the external situation to bitcoin to decline and investor confidence to increase again and do not always believe in bad news for bitcoin.
because until now is the time when bitcoin should be victorious at the end of the year. if you look at the results of the previous halving, but it is still a long time and will likely always change again in the main goal. but maybe the price of renewable ATH could not match the original estimate, but most importantly that bitcoin will recover.