will this year be the same as last year's year after the Chinese New Year's celebration of the bitcoin price rises again and even exceeds the previous high, I expect bitcoin to rise from this decline, and we as users should be able to keep the price in the way we do not panic at seeing a price drop because this is all just a matter of time
can bitcoin rise after the turn of the new lunar year later?
The market is now exhausted and got injured during the crash (some would say a hardcore correction) that continues since end December. So, I would lower my expectation from the market for now. The recovery process takes months or years until the market gets the investors’ trust back. Honestly, I do not believe that the market will recover in short term and I consider every spike we have now as a short bounce (Bull trap). The chart trend is very bearish, and we need large trading volumes to break this bearish trend, which we don’t have it for now. So, there is a golden rule in trading when the market crashes: "recovering the trading loss begins with early cutting loss."
The crypto market is indeed very volatile, which is reflected in the fast movement. However, the crypto market also had longterm recoveries when we look at its trading history. I have to mention that some traders are misguiding by saying that the crypto market was always a bull market. The problem with the crypto market is the apparent price and news manipulation and the overwhelming promise that is given to addict and enroll new traders. The crypto market is now suffering from the manipulators and the illegal activity. If this can be stop, for sure bitcoin price will go up rapidly.