I'm assuming you are referring to the US SEC about their decisions on Bitcoin ETF? when you say American State if not then why mentioned them? Crypto is global and US is just one piece of the puzzle.

Your first option is what we call a bubble, last year really different, bitcoin went as high as $19K. So yes, probably we are just consolidating, however, you have to understand what the cause of the free fall. There are governments and central banks around the world who take anti-crypto stance causing the price to plummet. Second, we might get to see crypto recovery again, but it will take some time because smart investors are not willing to enter the market yet. You just have to stick and remain in the ecosystem and wait till the price goes on a bullish trend. Might not be this year, but it will definitely come.

Is OP AI written? Is this even english language?  

OP and this first answer are from the same person btw...

This is definitely not a good way to rank up.

I think you should work more on clarifying what you are trying to convey rather than just typing whatever comes to your mind. The post literally took my 10 minutes from life and I am still confused about what exactly you want to say. You can try native language thread if you find it hard to post in English.

I had the same problems with understanding what is he saying in this post. This forum should be full of helpful hints for everyone that is interested in Bitcoin and other cryptocurrencies.

I fully agree with you. Bitcoin is not the coin that will fall, it always tends up, and all falls-only temporarily

People may predicts. Its not a problem.Most of the trader thinking BTC future is dark. Many times taxes may impose on BTC. ANd some are thinking that it's prices may low sery soon. But i think, if we see the BTC statistics, Its prices is rising with other altcoin. And this prices alwaya will rise and i'm sure it will be more effectively usable than ever before.