Bitcoin is already showing some sign of recoverying on Monday this week bitcoin did a $17,000 price before colliding backwards again, but am sure the impact of the various crises in the last year have lesson and with time the price of bitcoin will recover back to it previous all time.
Bitcoin have done prerty well to have resist the market push back in last year and if this outlook continue, bitcoin will be making some kind of miles ston with the recent good news of countries will to regulate bitcoin for global adoption.
We ended the year at $16.5k, and the current price still can't get past $17k, I don't think we're recovering. People were expecting too much on the bitcoin price, so just because the price changed from 16.6k to 16.9k, people rushed to conclude bitcoin was starting to rise again.
I have yet to see any good news in the market other than Fuds revolving around houbi, and I don't think government regulation is a good sign for bitcoin. Regulation means we will be more controlled and the price of bitcoin can also be adjusted to their will, I don't expect that to happen.
They are not too hopeful about the price of bitcoin, it's just that they want to be quick to see an increase in the price of bitcoin. With such a short time and with FUD still around bitcoin, there is still a possibility that bitcoin will go up quickly, but don't expect it to be that fast.
Haven't we invested in bitcoin for a long time? if yes, then there is no need to worry about when bitcoin price increase will occur. However, if we invest for a short time, then it becomes natural to want to go up that fast. And in my opinion, when we want to quickly see an increase in the price of bitcoin for investing in a short time, then this step is not quite right, in my opinion.