Judging from the long period of time BTC has not accumulate any impression, I doubt if people are still investing because of many policies formulating against cryptosystem no industries and firm wants to risk their capital again. Would the system remains this way?
Normally I understand this wasn't the first time BTC has experience this down slide but then it was normally market situations but now many billionares has withdrew interest in this project, then what is the hope of this project? Do you think BTC will experience better and high price?
The system will not remain like this in the crypto market, because we have saw the massive moved of the price in the month of January 2023 that made many traders to believed that the price of cryptocurrency will definitely hit higher for both long term traders and short term traders to celebrate again in the community. Despite, the price of Bitcoin has decreased to $21,232 few hours ago, doesn't mean it will not increase again for traders not to experience $60,000 before the end of this year because what happened last year will not happen to traders again in this year.
no one knows for sure about that, but we see it realistically that the price of Bitcoin at the beginning of 2023 did not occur a significant movement to make traders panic.
regardless of what we are going through until the end of this year but I see that in the last 2 weeks the price of Bitcoin has continued to correct itself and it is very likely to continue just like the price of Bitcoin which has continued to increase slowly since the beginning of the year.
so at this time I think the price of Bitcoin continues to follow the existing movement either down or up slowly.
for the possibility that the price of Bitcoin will rise again, of course it is very possible and I don't doubt it in the slightest but we all don't know what kind of increase, how and when it will happen.