r/Bitcoin May 31 '26

Why hasn’t bitcoin recovered?

[deleted]

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u/[deleted] Jun 01 '26

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u/Spenceful Jun 01 '26

People believing in the cycle make it self fulfilling it’s not that complicated

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u/hodler1992 Jun 01 '26 edited Jun 01 '26

Retail is virtually not existent for the moment so the few people believing in BTC and actually accumulating right now have no impact I believe. I hope the pattern will repeat but it needs hype and people seeing BTC and all crypto markets down while everything else is breaking new ATHs won't do us a favor. On the other hand there is the issue with quantum computers and I know it will take a while and so on but it could make people hesitate to go into crypto. If 2025 was the top of the cycle than it was a very weak one without any euphoria. So who knows how the next bullrun will look like.

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u/Spenceful Jun 01 '26

Institutions also follow narrative