What do you mean by that? Aren't you glad the the bear market is over? $8k is a miracle for me because I was only speculating that btc will only reach $5k and will either get stuck there or go up and down on that value. And now, I am starting to believe those articles about the time traveler that btc will hit $100k next year because of turn of events.
We see that after the longest period of the bear market, this year bitcoin, though periodically, grows in price, but it constantly goes for a correction and this greatly hinders its price growth. It cannot grow too fast yet, its growth will be slow and it will not reach any price records this year. Next year, only its return to the previous price record of $ 20,000 is possible, but it’s obviously that in the coming years it will not be able to reach the price of one hundred thousand dollars.
It looks like bitcoin has stopped rising and slowing down, currently the price is around $8k. before the movement was very fast and rising to $9k, once the correction occurred marketcaps fell and price movements become slow, of course I still believe price increases in the coming days, but we need to be more patient, stable prices may only occur temporarily, when you see the price signal go up, buy it right away!
Yes slow but still increasing, sometimes I see the correction as a defense mechanism that the Bitcoin technology is beginning to use to defend itself against damage again.
If you look at the last bull run, we were really not seeing much corrections, and when the price was spiking continuously, it amazes people and everyone started putting in money out of FOMO until a whale decided to dump a very big amount and because such action were strange to people, they all started panic selling too including me.
But with this new strategy of Bitcoin, people no longer react to FOMO or react to correction that much, they just allow the system to play well, which I believe is a little bit better for Bitcoin system.
