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Due to the global recession, there has also been a recession in the market, due to which bitcoin is not being pushed. Bitcoin can be pushed only by increasing demand in the market, it is necessary to make efforts.
Yeah, demand is the basic factor of the price.
Crypto will recover again, ,but maybe it will happen at the next year.
Bitcoin bounced back from its all-time high of $68k and again failed to regain this status, went down and is now trading at this year's low of $28k.
It seems difficult to happen at this year, bitcoin is stil struggling now.Current price of bitcoin is around 30K USD.I think we should buy the dip and wait . sell when pump.It's not big , but still have profit.
I think bitcoin will reach $50K at this year, But not for $100k.Bitcoin is still string and has high demand, although there are many negative issue, bitcoin will survive.I have invested in bitcoin ,but not much.Because I personally prefer invest in altcoins.Polkadot, Solana, BNB, Polygon are my favourite coins.
So far as I know, Bitcoin reached its All-Time-High of over $68,000 and from there many expected that soon it might be able to jump beyond the $100K zone but we know that it instead went south or downward spiral. Though for now, BTC is not that doing bad at around $40K even if bears are starting to claw in, I am thinking that there must be some big factors that can back the BTC towards winning over it own ATH and going beyond that. Will it be fresh institutional interest and buying...or will it be a new round of retail investors coming in again to pick up Bitcoin as it did in 2017? Or maybe a combo of both?