This is a very good momentum for Bitcoin, finally Bitcoin managed to rise past the price of $50k according to many people's predictions. Even though it turns out that Bitcoin is now back down to $49k, that's not a problem we need to worry about, because the decline in the price of Bitcoin will not last long. Bitcoin price will rise even higher this week, hopefully Bitcoin can get back above the $60k price soon. I believe the bullish trend will last until the end of the year, and Bitcoin could hit another ATH. If this comes true, this will further attract large companies to invest in Bitcoin.
Even during bull runs there are times when it goes down, we moved from 30k to all the way to 48k and then dropped to 44k and everyone started talk about how that pump was a temporary one and we will now go down, from 44k to all the way down to under 30k as well! And we have seen how that was wrong. Bull runs are common in the bitcoin world but even in those bull runs we end up seeing a lot of increases and I feel like 44k turned into 50k so that means 50k could turn into 55k+ as well, that is not really impossible and I believe that it will definitely happen in the short term as well, all we need to do is stay patient and not sell during this period even if it drops a bit more, and we will be in profit soon.
Bitcoin again experienced a correction to the price of $ 47k, hopefully this doesn't make some investors panic sell. We have to believe the price of
Bitcoin will soon return to the price of $50k, because the Bitcoin price decline that is happening now is still a natural thing to happen. There is not
much we can do in the current situation, we can only be patient and hope the price will recover soon. As long as we don't sell the Bitcoins
we have, everything will be fine, we haven't lost.