It will be good news to the crypto user if that is really happening, as we can see another bullish trend. However, the bear trend will always continue behind the bull trend. Many people who hold bitcoin or do not have many bitcoins will try to buy bitcoin before it is too late to accumulate it. But as we do not know what will be the next thing that will happen to the market, we can only prepare. Hopefully, that blood bath will not happen this year and bitcoin have another good time to rise higher.
well, that really sounds good but to say there is no bloodbath happening this year, I guess you will still prepare for it. We can't assure everything that went so smoothly. Remember that the market is volatile, price fluctuations arise quite often, and that for sure blood bath is still possible to strike any time. That is why we were not confident of what see now, it can be just a trick and might be the reason for our losses. It is much better to be aware of the situation and leaves no confidence than rather be prepared.
Although Bitcoin has not been able to rise above the $50k price and is still stuck below the $45k price. But we must be grateful that the price of
Bitcoin is high when compared to the beginning of 2021. Even the previous year Bitcoin price dropped even lower, so don't worry for now Bitcoin
probably won't experience a bloodbath. Moreover, with many institutions starting to invest in Bitcoin since 2021, I believe Bitcoin will not experience
a bloodbath. But still like you said we have to prepare for the worst case scenario, because the price of Bitcoin is very volatile, so there is
no 100% guarantee that Bitcoin will not experience a bloodbath. Indeed, we must be careful when deciding to invest in Bitcoin, as many people
have said, investing in Bitcoin has a very high risk.