At the beginning of May, the price of Bitcoin had a sharp correction to touch the price of US $ 26,597 even though in 2021 the price of bitcoin had experienced an all time high. So, is it possible for bitcoin to freefall to zero? The crypto market as a whole has not been conducive in the last week of May 2022. Throughout this week, the market is still moving mixed, but still stuck in the red zone or tends to be bearish.
The poor performance of some crypto assets this week was caused by less stable market conditions. This is reflected in the strengthening of its value which tends to be insignificant and seems to make the price run in place. Bitcoin cannot stabilize until Wall Street looks calm. However, it doesn't look like it will be seen in the near future. From the technical analysis, BTC will rise from oversold levels which could indicate a short recovery phase.
So many people are praying for recovery , we will see in few days how it will move .
Hopely good news
At this point it can go in all directions , but we pray for futur pump .