I believe that by now you must have known the reason why the price crashed. The crash has been linked to a lot things and the pandemic is part of it. Let’s hope that there’s going to be a change soon, the price has been struggling to reach $11,000 but, it crashes and drops back to below $4000 and recovered to above $6000. This is a serious bad situation and I’m really hoping that the situation be stopped for good. The problem now is that there haven’t been a cure for it yet, but this will all end.
The halving is going to be on May, that’s about one month from now and by then we will see what happens. If there is no scheduled halving then we might have faced very big dump but fortunately people kept their faith on halving and this must be the reason why bitcoin market is recovering right now.
I wouldn't be confident about the recent price jump of Bitcoin right now since the price movement of it doesn't show signs of reversal. This might just be the volatility we are seeing or a dead cat bounce due to the massive overselling we have seen recently. Just keep in mind that I don't see this as a recovery at all the price might even just pump because the people who have shorted it way up are now trying to accumulate Bitcoin again but other than that I really don't see BTC going up for a while.
