At the moment, the crypto market is not doing anyone any good, the cryptocurrencies and their prices are still startled to their core, and the chances of a bullish approach accompanying Bitcoin or any other cryptocurrency are still not clear. The ramifications of this can be seen on Twitter as the traders and investors raid the social media platform by posting negative reviews and predictions about Bitcoin and other cryptocurrencies. Why has this happened? Because the crypto market has kind of flatlined, there is nothing extraordinary going on; in fact, the usual trading that used to commence is also moot.
The bull market has seen corrections from time to time, and this time around, it sees some corrections, but the only difference is that this time corrections are extremely vicious and much more aligned than these were ever before. It means corrections have struck more harshly than ever before, due to which the bullish cycle is out of sync. Even if it is a bullish cycle but nothing bullish is taking place due to these corrections, and the price of Bitcoin remains the same, which is stuck at $30k, and it is almost a month that the cryptocurrency has been stuck at the same price tag.
Despite the fact that investors are impatient and want the market to hum and whistle, the prices of Bitcoin are not changing at all, and this is causing a lot of concern in plenty of financial circles. It is affecting the adoption criteria of the cryptocurrency while at the same time there is a large-scale liquidation of Bitcoin on various crypto exchanges and markets, which overall doesn’t seem to be correlating with Bitcoin’s case at all.
The current price events of Bitcoin can be dated back to 2013 as some kind of similarity can be crafted within them quite easily. The price was stuck at that time, too, as it is this time around, and if one is to believe the events that happened in 2013, then it is clear from them that the price is subjected to decrease even more before taking a subtle rebounding.
