Ask Leo- Does Bitcoin have the potential to make a comeback soon?

Cryptocurrency market has been on a rollercoaster ride for few days now when the FTX crisis take effect on the market and this has caused a huge loses and drawbacks to reach our goals, but that is not the case, ups and downs is part of the game. Although the market is currently experiencing a price surge, but cryptocurrency market's volatility has calm, but the price are still yet to recover the high price at the time of writing the price of Bitcoin currently at $16,460 and the market is likely turning good at the moment with just 0.90% down and still fighting in the range to break into $17,000 that most of us all believe if Bitcoin break this, we are likely going to see ups for some period in the market

However It is not a surprise that some people have started to think it might have a comeback, because for the past 24-48 hours the market has been in calmness and it is possible that the cryptocurrency market will soon see a large increase in value. Cryptocurrency a whole has had a rough few days and has been on a downward trend due to the FTX saga, but when this happens, many of us see this as opportunity and we all tend to buy the dip in the hope that the price will soon increase once again. But buying the dip is 50-50 chance with what we're experience now with CEX truth, so not everything we think might work out in the end

Can Bitcoin make a comeback soon?

Thou the bear market has been around for a while now as we know this is not only caused of FTX is just that FTX add to the fire 🔥 but our believe is that it has the potential to make a comeback soon after all, it is a digital currency that is decentralized, which means it can't be regulated by any one entity and it's not controlled by any one specific country. That why lot of people have started putting their money to buy more after the FTX saga, a country like El Salvador, Nayib Bukele stated is buying 1 Bitcoin everyday because it is widely clear this might comeback with full force.

Other end some people believe that Bitcoin will not make a comeback because the price has been too low for a while. But it is possible for Bitcoin to make a comeback because people are starting to see a lot of potential in the cryptocurrency and If the price of Bitcoin does go up, it will surely had effect o the cryptocurrency market.

So are you seeing the same thing, that the market will soon see a large increase in value.

Thank you for your attention 💞💖
Image source: Forbe

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