Bitcoin price still fluctuates in the $18,000-$20,000 price rang

Bitcoin price still fluctuates in the $18,000-$20,000 price range, reflecting the trend of intense conflicts in the market, but positive signals have “flared” and many crypto investments Home is more confident. Many professional traders believe that the fact that Bitcoin price has not fallen below $18,000 since June 2022 indicates that the major cryptocurrency has reached a "bottom". Bloomberg Intelligence expert Mike McGlone says Bitcoin prices will continue to rise, but it's unclear exactly when. A reduction in global supply will cause prices of major cryptocurrencies to rise as investor demand increases.

However, many others believe that the current sideways and disastrous trading trend in Bitcoin price will continue. The drop in Bitcoin prices caused many large market capitalization cryptocurrencies to collapse, wiping out billions of dollars in overall market capitalization. The cause of the decline is said to be market psychology.