Bitcoin stimulus 2019

[Stilicho]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?


Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

thanks
S.

[mk4]

Some notable stuff to wait for in 2019 concerning bitcoin:

• Lightning Network adoption
• Privacy features
• Regulations(debatable if positive or not)
• More adoption in general
• More development in general

Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.

At the mean time, let's not always focus on price.

[Pursuer]

price doesn't have to reverse back up immediately for the dump in the final month of 2018 to not be a manipulation! you logic is flawed, that's all. otherwise it was a manipulation that crashed the price below $6k which proved about 10-12 times to be an extremely resilient bottom. in fact if there were no BSV fork drama the price would have never gone below $6k in first place. the evidence is the 9 months of constant whale attempts to break it and every time without exception facing a strong resistance from buyers.

[talkbitcoin]

you should stop looking for and waiting for some sort of magical event that can "stimulate" the price to go up. any such kind of even is going to be purely hype (things such as ETF, regulations, Bakkt, halving...) and their effects will only be temporary.

the only thing that truly matters is bitcoin's utility and the adoption of it because of them. and they are things such as lightning network and other scaling proposals in the future like signature aggregation that will continue to make bitcoin better and more useful.
these are real things that truly affect the price.

[clonely]

Some notable stuff to wait for in 2019 concerning bitcoin:

• Lightning Network adoption
• Privacy features
• Regulations(debatable if positive or not)
• More adoption in general
• More development in general

Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.

At the mean time, let's not always focus on price.

We may also expect platform like Bakkt and regulation like ETF. Actually, everything possible in this crypto world. It may take some times but it'll recover.

[Xardasim]

It depends on situation and there is not certain whether the stimulus can influence the price. For example, imagine about the current situation, in this case the influence of simple news to the price continious 1-2 hours and then it will return to the old price. There is no system like FED to regulate the price, so psychology is more important.

[Red-Apple]

It depends on situation and there is not certain whether the stimulus can influence the price. For example, imagine about the current situation, in this case the influence of simple news to the price continious 1-2 hours and then it will return to the old price. There is no system like FED to regulate the price, so psychology is more important.

what you are saying is true but only to some extent. and it also depends on the news. so far we had nothing of any significance to be able to affect the price that much.
the good news are either swept under the rug or are childish news spread by the news sites for  click bait so you can't really expect a rise because of them!
the only big bad news that we had (actually not that big) was the 2 exchange hacks. Cryptopia and the other one was a Japanese one IIRC. and neither one could cause a drop because market may not be ready for a rise but it is not willing to go any lower either.

[tytanhamon04]

I think the main factor will be Lightning, ETF and Bukkit. It will all go gradually, for example without Bukkit, the SEC will not make a positive decision in favor of ETF. Also, if you think logically, the price should rise after a long correction and the rate should recover.

[Lucius]

I think the main factor will be Lightning, ETF and Bukkit. It will all go gradually, for example without Bukkit, the SEC will not make a positive decision in favor of ETF. Also, if you think logically, the price should rise after a long correction and the rate should recover.

Lightning Network is really something positive in cryptoworld, but it will take a lot of time to enter into an extensive use. People who use BTC still have problems with basic wallets and transaction, LN is just too complicated in this moment. Cheap and fast transaction are something that should be a trademark of BTC, and we have that with help of SegWit - LN is next step in right direction.

Forget ETF for now, SEC is rejects all applications, and I doubt something like this can happen this year, probably in next 3-5 years. It is not Bukkit, but Bakkt -and they are stuck in their progress and have delays. Current situation in USA is just slow down Bakkt, and Commodities Futures Trading Commission (CFTC) is different from SEC - in other words there is no deadline, and the procedure may last almost indefinitely.

Price can not recover just like that, people buy only when they see opportunity for earnings, and the biggest problem is that most of them just watch short-term profits. Buying in this bear market is best decision you can make, but only if you can wait few years for new ATH.

[kissme09]

Some notable stuff to wait for in 2019 concerning bitcoin:

• Lightning Network adoption
• Privacy features
• Regulations(debatable if positive or not)
• More adoption in general
• More development in general

Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.

At the mean time, let's not always focus on price.

How can you develop Bitcoin's platform when you can't use its source code? I realize that we should prioritize Bitcoin being widely accepted in the world because this has a significant impact on Bitcoin. Also, we need to help Bitcoin achieve some support from the SEC ETF fund that will help it get closer to the investors.

[raden1922]

For now, I can only keep quiet and survive with the price of bitcoin declining at a price of $ 3500. what can I do? Except for silence and wait for the price to rise again above $ 6000. Even before that I didn't think about the game of whales to get cheaper bitcoin prices. Confusing

[BrewMaster]

And without stimulus it will probably not move.

i disagree. of course i am assuming that by "stimulus" you mean something that kicks starts the rise. in which case we don't really need something like that to start the rise. it can simply begin after hitting the bottom and as everyone gets tired of waiting for a lower price. just like all the previous times that price was stuck in a low bottom. for example the 2014 bottom at $220.

although it is possible to  see some sort of hype initialize the rise like the ignition under the rocket, it rarely starts like that. those "stimuluses" have mostly happened after the rise had begun.

[mk4]

How can you develop Bitcoin's platform when you can't use its source code?

What do you mean here? Bitcoin Core is open source and available on GitHub.

I realize that we should prioritize Bitcoin being widely accepted in the world because this has a significant impact on Bitcoin.

And the only way for bitcoin to be widely accepted worldwide.. is to develop bitcoin for it to be more user-friendly or to be better in general for the masses. So, yea.

[aoluain]

..............And without stimulus it will probably not move.

I also disagree with this line and the general thinking of the OP. We
have seen on occasions the markets move for no known reason. I have
seen many supposedly stimuli events in 2017 which resulted in the
markets moving in the opposite direction to the desired one.

If there is a stimulus it may not affect the market immediately. For
traders there is a saying which can be applied to any sort of event
or stimulus, "buy the hype, sell the news"

I cannot see any one "realistic" thing which would affect the crypto
space which would stimulate the markets into a massive rise, it will
be a number of events over a space of time which will result in the
desired affect.

Example of unrealistic events:

The return of Satoshi
Global acceptance of Bitcoin as legal tender
The U.S and China to ditch the Dollar and Yuan in favour of Bitcoin
Bitcoin price falls to $10

[Cryptock]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?


Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

thanks
S.

The situation only looks as if it has stabilized. We can not really be sure if the price drops are over. That's why investors have not started buying again. I think that we have to wait a month or two for price increases.

[squatter]

you should stop looking for and waiting for some sort of magical event that can "stimulate" the price to go up. any such kind of even is going to be purely hype (things such as ETF, regulations, Bakkt, halving...) and their effects will only be temporary.

the only thing that truly matters is bitcoin's utility and the adoption of it because of them. and they are things such as lightning network and other scaling proposals in the future like signature aggregation that will continue to make bitcoin better and more useful.
these are real things that truly affect the price.

Some people argue that mainstream and institutional investors are waiting for more regulatory clarity and regulated investment instruments before putting their money into the market. I'm skeptical about that, but there's definitely some logic to it. Traditional investors are a lot more risk averse than early Bitcoin adopters.

If true, it means that cryptocurrency-friendly regulations or the approval of something like Bakkt could fundamentally increase market demand. That would obviously affect the price.

[farosa]

Stimulus is easy to find, but because of the self-matched analysis of a few people, everyone thinks that the price will recover after at least 2 years, and I don't think stimulus is usefull in this case. Stimul may be SEC or BAKKT, but they will not support in these days.

[deisik]

you should stop looking for and waiting for some sort of magical event that can "stimulate" the price to go up. any such kind of even is going to be purely hype (things such as ETF, regulations, Bakkt, halving...) and their effects will only be temporary

I wouldn't put halving in the same group with everything else you mentioned

The last halving have a very strong effect on price. Basically, after this halving exactly the prices had started to rise and reached almost 20k in December 2017 at the end of the cycle. Indeed, the next halving may not and likely will not have as dramatic an effect on price as the previous one, but I wouldn't completely write it off anyway. If anything, it could be a good trigger for the next bull cycle even if not the fuel for it

[CryptoKush]

I think that one of the main incentives is the arrival of big money on the cryptocurrency market. If the exchanges can solve the problem with market manipulations, then I think that big money will actively invest in Bitcoin.

[solopay669]

This year can bring a lot of changes, both in the market and in the development as a whole, we have only to accept this and to work hard. I think closer to the end of the year, Bitcoin will be able to show good growth.

[A_Green]

It’s hard to talk about a stimulus, because the market situation is sad, I want someone to create this stimulus for us, but for now we’re holding ourselves, perhaps now it’s better to wait for the price to fall, for buying, I think Bitcoin is starting to gain a low start for a high take-off .

[Nonie]

i think february tomorrow there will be something big coming up some good news is the end of february especially about the announcement of ETF and Hardfork ETH hopefully it will be good news and impact on price increases

[Stac]

  We should bare in mind that Bitcoin exists because of the miners there is something to be noticed to wait for Bitcoin stimulus in 2019 .Lightning network adoption is something positive in crypto world but, it takes a lot of time to enter on extensive use..It is confirmed that transaction is published to the block chain where the public can see it.  One reason is that Bitcoin software tries to avoid the real identity .Bitcoin is not regulated since the law doesn't consider Bitcoin as an electronic currency.  By stimulus may mean that  Bitcoin to be accepted world wide is to develop it to be more user friendly.

[Hoowallet.com]

Some notable stuff to wait for in 2019 concerning bitcoin:

• Lightning Network adoption
• Privacy features
• Regulations(debatable if positive or not)
• More adoption in general
• More development in general

Will these be enough to push up the price? Maybe, maybe not; and just as always, no one knows when the prices will go up.

At the mean time, let's not always focus on price.

Here I'd like to mention the lightning network, which is a trending topic in Chinese crypto industry. Actually, the word has appeared for a few years, but it gained increasing attention from 2018 as more and more people are aware of its convenience. Hope it really brings technology breakthrough for transferring a small amount of money.

[mapanlah]

It depends on situation and there is not certain whether the stimulus can influence the price. For example, imagine about the current situation, in this case the influence of simple news to the price continious 1-2 hours and then it will return to the old price. There is no system like FED to regulate the price, so psychology is more important.

the effect of price changes is very fast indeed makes the bitcoin traders become very sensitive to a news. things like this are very reasonable because the influence that is caused is very large on the value of bitcoin, this affects the profit of the trader. So traders really need price stability. Because prices are determined by market influence.

[millgates]

Actually 2019 is not good year for world economy, world bank revised global economy growth in 2019 to 2,9 percent from 3 percent in 2018. If there is correlation between citizens phurchasing power with investment rate in bitcoin then there should be less people invest in bitcoin, " it will happen if everything goes normally " but since bitcoin is unpredictable, the price goes abnormally it's not driven by world economy growth even some of bitcoin price pump was caused by Japanese and korean people who trying to safe their wealth due to the growth of war in korean peninsula. There are also some countries which has good e-commerce growth, indonesia 78%, mexico 59%, philipine 51%, Colombia 45%, UEA 33%. So it seems that bitcoin price will rise due to the virtual money demand growth.

[steampunkz]

As i see the status of btc right now. I think this year 2019 bitcoins price is becoming stable from 3.8k to 4.1k ups and downs this is a sign, that it could go again to 5k this upcoming months, and its more good than last year's big dump,
Let us wait for upcoming development and upgrades for example is in lighting adoptation,

[CryptoBry]

We are in the bearish market for the long haul because people are lacking the confidence and that trust for them to stake and hold more Bitcoin. Things are just boiling down to demand...if more and more people will be buying Bitcoin then the price will naturally go up. We have been expecting institutional money to come in a big way for Bitcoin but until now nothing is substantial happening. Instead of focusing on the price, the industry is concentrating now on building up necessary infrastructure and foundations that can affect positively its long-term viability. One thing for sure is that there is nothing we can do here on the personal level. Stop blaming those whales because we are all part of the market dynamics...investors have the choice and the freedom to manipulate the market if they can as long as they are doing things legally then it is not their fault at all.

[pooya87]

the fact that price has not yet recovered doesn't change the fact about drop below $6k was a manipulation. because it was a clear case of it. and as i have said  this many times, bitcoin is currently in a reverse bubble that needs to burst which would mean price to rise back up to "correct" this false undervalued price level.

people are coming up with weird things and call them "stimulus" trying to justify the rise but the rise happens regardless of all those as long as adoption grows and it is growing so everything else is just the additional help to that already existing rise.

[Kolikalex55]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?


Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

thanks
S.

I think the most important incentive for bitcoin and its growth is the price chart for 10 years. If you look at it it is obvious that bitcoin is growing and its corrections have been constantly. The main thing is patience.

[aad140386]

There should be a lot of good events this year. This and the lightning network, Bakkt, ETF, trade on the NYSE. But it is still an open question whether all these events will be able to influence the cryptographic markets? The fact is that when players are set to bearish, they simply ignore the good news and this does not affect the quotes. But any negative fall has a very painful effect on the market. New money is needed in the market, otherwise the market will not be able to move up. Institutional investors may believe in Bitcoin and in 2019 we will see a revival in the market, but this is unlikely to be before the start of summer.

[gesdan]

it is so risky when the the whale dump bitcoin at 2018 to get the good value, why i can said that this is a risky move? let think that in that time the price of bitcoin is dropping and makes the holder dont want to invest anymore and cashout their bitcoin, i think at 2018 are the correction years, and if the bitcoin want to rise up again, we need popularity of bitcoin to makes price of bitcoin rising up

[TravelMug]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?

Maybe the following:

1. Bitcoin Halving
2. Bakkt Bitcoin future offerings
3. Bitcoin ETF approval.
4. LN

Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

thanks
S.

The price fall in November was due to the Bitcoin Cash vs Bitcoin SV hash power drama. We(Bitcoin) are just a collateral damage. I guess you can go around the forum and search to get the answers.

[Slow death]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?

we are in the month of March, and I do not see anything that can create a big price increase. ETFs are far from being approved and it is not known if they will ever be approved. BAKKT is far from having approval of the regulators and it is not known if it will have any impact on the price.

Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

we have to conform whith the current price because will remain so for many more months

[Finestream]

There should be a lot of good events this year. This and the lightning network, Bakkt, ETF, trade on the NYSE. But it is still an open question whether all these events will be able to influence the cryptographic markets? The fact is that when players are set to bearish, they simply ignore the good news and this does not affect the quotes. But any negative fall has a very painful effect on the market. New money is needed in the market, otherwise the market will not be able to move up. Institutional investors may believe in Bitcoin and in 2019 we will see a revival in the market, but this is unlikely to be before the start of summer.

For me,the best stimulus to make a good price increase in the market is simply its mass adoption.People should be more educated about cryptocurrency so that they can respond easily to the fast growing technology we have right now.With this,i'm sure lot of investors will come to the market which will greatly affect the market price condition.

[joseyphil82]

You may be right or wrong but as far as no one knows ,the answer will still remain the same ,cryptocurrency is unpredictable and there is no way yet to predict ,all you will keep hearing are just speculations ,the only thing that will keep cryptocurrency value higher than before is mass adoption .

[Kemarit]

It's a different ball game right now. We have a lot of good news in the pipeline, but still the questions remains, are they good enough to push the price again? I believed that institutional money needs to flow into the ecosystem to get the price going, but I don't know what catalyst those guys needed if could be the combination of those aforementioned by other posters and not just a single event to trigger the price to build up again and reach another all-time-high.

[Peashooter]

Hello guys,

those who are more informed in this crypto world, can you write here some Bitcoin stimulus, which we can wait in 2019, to help the price recover?


Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

thanks
S.

We have seen a lot of good update in this year where might be the only key to recover the price of bitcoin and market. If look again in the market the price of bitcoin will might surpass the price of $4000 and I think it is surpass. And I know more news will come in this year so we just need to hold our token and be ready to go to the moon again.

[Dinmazsae]

The virtual Bitcoin currency is declining at the end of 2018, after passing the beautiful period of the previous year. Even so, the trend is predicted not to continue, where the first quarter of 2019 will reportedly rise again.
The exchange rate is indeed a consideration for the players, but the stimulus in the form of rules of the game is clearly more a major factor that can make Bitcoin again crowded,

[deisik]

It's a different ball game right now. We have a lot of good news in the pipeline, but still the questions remains, are they good enough to push the price again? I believed that institutional money needs to flow into the ecosystem to get the price going, but I don't know what catalyst those guys needed if could be the combination of those aforementioned by other posters and not just a single event to trigger the price to build up again and reach another all-time-high

I think I can explain it to you

Institutional money (read, value investors of the Warren Buffett type) won't flow into Bitcoin until the best part of its value comes through real use and not speculation (think utility for wealth transfer here, via LN or otherwise). To put it differently, institutional investors are not fools and they don't want to be made into bag holders. They want real value, not air and empty promises. Let's admit it, many of us are dreaming of selling our coins to them at insane prices. Or do you really think they don't know that?

[eaLiTy]

Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

When the price of bitcoin is going higher no one complains about the whales manipulating the market to go higher, but when the market comes down crashing everyone is blaming these whales for the market situation.  Without these whales coming into the market we wont see the mad rallies we saw in the past and everyone is waiting for these whales to invest again so that the market rallies and earn their profits.

[BestSSS]

In fact, there are no special reasons for the growth of bitcoin. The only reasonable solution is the cost of mining which is estimated to be about 3 000 dollars and logically the price should not go lower. But this is all a theory-everything can turn out not at all a turn, when no one is waiting for the collapse to happen again and only then the price can turn around

[arpon11]

In 2019 , we are hoping that some events should happen that might stimulate the cryptocurrencies market for upwards price movement and that is why outside ethereum hardfork that many thinks will cause the market to recover I think ETF should be the next event.  If ETF is approve by the security and exchange commission then we should expect another bullish trend and will move bitcoin to another significant level.  However,  in 2020 when bitcoin halves we should expect another high to be created.

[sunsilk]

Bakkt and halving will change the market. Institutional money is the trend that will make the market better again, actually the market has been better since then but we're all comparing and basing all of our expectations from the last bull run.

I think we need to start all over again and realize all of those pumps that bitcoin has went through. Struggling to make it to $4000 and we are all encouraged that this bear will be ending soon. I forgot to say that don't forget we are still in bear market so these lows are still normal.

[mapanlah]

For now, I can only keep quiet and survive with the price of bitcoin declining at a price of $ 3500. what can I do? Except for silence and wait for the price to rise again above $ 6000. Even before that I didn't think about the game of whales to get cheaper bitcoin prices. Confusing

don't be surprised by the game of traders. this is the world of commerce that can justify all kinds of ways. if we are not ready to trade, then get out of now, because there are various ways to get profits, crypto trading is unpredictable, everything is fast, so good accuracy and understanding are our basic capital.

[pushups44]

I think more development is needed with the Lightning Network before we will have the next bull run, but it's getting better each month. I can't wait for the Neutrino lite client to be released. Also, the market should rebound as we get closer to the next halving, if Litecoin is any indication.

[deisik]

I think more development is needed with the Lightning Network before we will have the next bull run, but it's getting better each month. I can't wait for the Neutrino lite client to be released. Also, the market should rebound as we get closer to the next halving, if Litecoin is any indication

Litecoin has always been brutal in terms of price action

So whether its current rally has anything to do with its coming halving remains mostly an open question thing. Let's not forget that it still followed Bitcoin's rise though accelerated and amplified. In other words, to see the actual strength of Litecoin (and whether the halving is involved here) we need Bitcoin to drop to its recent lowest lows. If Litecoin falls as much or even stronger, then it is just regular pumping (which is so characteristic of this coin)

[Ridwan Fauzi]

Finally, first I thought that this fall of BTC price started in middle november 2018 was just a whales manipulation, to get better buing price for the next year, but now it seems that the price is really down as it does not have power to do any up movement. And without stimulus it will probably not move.

When the price of bitcoin is going higher no one complains about the whales manipulating the market to go higher, but when the market comes down crashing everyone is blaming these whales for the market situation.  Without these whales coming into the market we wont see the mad rallies we saw in the past and everyone is waiting for these whales to invest again so that the market rallies and earn their profits.

It's reasonable, everyone that feels loss will be blame anything. I suppose whales has been giving a big effect to the movement price, I doubt if in this market there is no whales maybe at 2017 the price bitcoin will not reach $20.000 I'm sure with that. However, many people don't understand and even they don't apprehend what has been done by many whales for this market, and I guess they don't need this situation because they also same will not gain profit with this situation, they will decide to buy and decide to sell depend on information that comes to cryptocurrency.

[chrisjohny4316]

I believe this is  very difficult to built up in 2019

[Kakmakr]

I think one of the most critical factors that influenced the downward pressure on the price was the sale of MtGox coins on exchanges and not on OTC platforms by the trustees. This might decline as more and more coins are sold and when all coins are sold, the constant extra supply of coins will decrease and the price will have a opportunity to recover.

The Lightning Network adoption will also spark new applications for Bitcoin, like we saw with the tipping service on Twitter. 

[Eko prasetyo]

I think you might be right but as far as no one knows, the answer will remain the same, cryptocurrency is unpredictable
, cryptocurency is very mysterious, difficult to predict and there is no way to predict precisely, what you will hear is speculation, the only thing that will keep cryptocurrency higher than before is mass adoption.

[onecall123]

A year ago consensus did nothing to the price. Were 2 months out from a year until no huge result on price that we can accept BTC will go above. I don't assume we will but if this trend continues it drops under $3,000 within the following 2 months or so it's going to be on a long trend up!

[kelz1]

Most events are speculative like the etf which may or may not happen. The one thing that we should be keeping an eye on is the bitcoin halving which always causes a pump

[peter0425]

A year ago consensus did nothing to the price. Were 2 months out from a year until no huge result on price that we can accept BTC will go above. I don't assume we will but if this trend continues it drops under $3,000 within the following 2 months or so it's going to be on a long trend up!

Well with the current price of $3800, we are still like 80% down so that's a long road to overcome. There's a lot of factors why the price is not moving and just trading sideways. But the good thing is that in the last 2 months or so, the price is going above $3K++ and we even have like $4200 about 3 weeks ago so it's good that we don't see massive sell-offs at this point so I don't think that the price will go under $3K now.

[deisik]

A year ago consensus did nothing to the price. Were 2 months out from a year until no huge result on price that we can accept BTC will go above. I don't assume we will but if this trend continues it drops under $3,000 within the following 2 months or so it's going to be on a long trend up!

Well with the current price of $3800, we are still like 80% down so that's a long road to overcome. There's a lot of factors why the price is not moving and just trading sideways. But the good thing is that in the last 2 months or so, the price is going above $3K++ and we even have like $4200 about 3 weeks ago so it's good that we don't see massive sell-offs at this point so I don't think that the price will go under $3K now

I think we can look at it from a different perspective or angle

For example, instead of searching for factors why the price is only trading sideways these days, we can rather look for the factors which were driving the price all the way up to 20k back then. And this will give us the desired key to our puzzle. In this manner, if Bitcoin rose to ATH due to hype and hot air, then the price is not moving due to the lack of these factors. No hype, no ride. Simple, isn't it?