According to coinmarketcap, at the time of writing this article, Bitcoin is trending below US$38,000 which clarifies the most important fact, that it will take a lot of time for BTC to recover its position in the market.
It is high time that Bitcoin developers start concentrating on how to attain the ‘Golden Cross’ moment, where the crypto will satisfy its institutional and private investors by generating massive amounts of profits and taking over its old market position.
While this step welcomed those who believe that they can benefit from the greater regulatory conditions, there were also several others who sold off their Bitcoin holdings, leading to a major crypto crash.
Leaving behind the forthcoming regulatory measures and investor sentiments, analysts have predicted BTC investors should also be prepared for the prices of all digital assets including Bitcoin to move in relation to the prices of traditional assets.
It is hard to say if Bitcoin will or will not dive down to US$25,000, but it surely will take a lot of time to recover its lost glory.