Will the bitcoin bubble burst?
I think everyone is asking myself this question since the price of Bitcoin has dropped drastically. Is this the end of Bitcoin madness?
The price of bitcoin began to fall at the beginning of the year, but it was a slight swing of up to around $ 100. By contrast, today bitcoin does not cost almost USD 20,000 only 6,500. Here you have to ask yourself why?
This is because it is connected to the bitcoin bubble, which has already passed this route three times. Then the price dropped by an average of 80 percent. ATH values (all time high). During the current bubble, ATH is 20,000. down, i.e. it is possible to drop the price of bitcoin to the level of 4 thousand. dollars. - if only this bubble behaves similar to the previous one. It is also related to the ban on buying crypto currency that was introduced by the British Lloyds Bank. Another reason is the Asian cryptocurrency market, which is very large and plays a significant role in the world of cryptocurrencies. And China, thanks to cheap electricity, has become a huge cryptocurrency mine. However, black clouds for digital money have been circling over this area for a long time.
Unfortunately - for Bitcoin - from China every now and then there are voices and announcements of subsequent blockades of trading or killing coins.
Is this the end of Bitcoin?
Probably not, but everything will turn out in a few months.
