Bitcoin Forum

Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?

The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?

Bitcoin price can never be stabalized, volatility can only be reduced, and if it reduced today, that does not mean it will not increase later.

Bitcoin has nothing to do with US adminstration, the progress will come as people are knowing what bitcoin is and the true nature of asset and money that it possesses.

Peter Schiff knows the true nature of assets and money better than most people, he's a fundmanager. He also knows bitcoin very well, and he thinks it's worthless garbage. So why would you assume most people would like btc and not think it's garbage.
Maybe most of them will think it's garbage just like Schiff does? Do you really think they would just love high fees, slow transactions and also other problems? Why would you assume that?

I think gold is worthless garbage. So why would you assume most people would like gold and not think it's garbage.
Do you really think they would just love high fees, slow transactions and also other problems? Why would you assume that?


On serious note I hope for $5k/BTC in 2023 to rebuy.

Haha. I guess the stock market would be more your thing. Low fees, even free at Robinhood. Very fast transactions using most stockbroker accounts.
 :D

If you invested in Tesla stock last 2 years you would have made more money than in Bitcoin, there is nothing special about btc, there is more money to be made elsewhere with less risk.

I wouldn't call this a bear market, we are still above $30k? +10k from its last previous high in 2017. Bitcoin will never stabilised, we might see it trading sideways for some time though, until a imminent break out run.


No, it might have a short term effect on bitcoin just like what we are seeing right now. But we are still in the bullish sentiments so I wouldn't be surprised if we go on another super fast rally in the coming months.

Just looked at the technical chart of btc, and it just broke down below support level just below 35k, indicating further weakness. Expect it to go down to 30k short term.

This is very concerning and a sign we are entering into a bear market.

You obviously have big problems with numbers if you think this small correction can be called considerably down. The fact that BTC once exceeded $40 000 and now costs around $35 000 is more than a great achievement - except for those who do not understand how the market works.

And what kind of bear market are you talking about at all? We are in the year after the halving that has not even shown its true effect - 2021 is not 2018, the sooner you realize that the better it will be for you.

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It must be nice to live in a world of imagination, but do you really think 1 BTC will ever be worth $5000 again? That would mean that something really bad happened, and something so bad might mean that BTC has lost the trust of most investors - in other words the whole thing would only go in one direction, downwards.

I think you are mistaken BTC is not a bear market of 2021 considering its price. Yes, The price of bitcoin has gone down a bit in the recent past, but considering its rise in the last few years and the way people are becoming aware of it, BTC is only gonna go up the ladder and its price will increase.

BTC is a great place to invest your money and just like bitcoins, there are other cryptocurrencies like Etherium as well where you can invest and make good money.

One thing you need to understand is BTC has nothing to do with dollar value, BTC doesn't need any popularity it has already been king among the crypto world and surely this might not harm the price of BTC or dollar. BTC is still undisputed champion in crypto market.

I don't think it will go as it was in mid of last year, In my opinion it might play around 15-25k again again in the last quarter the results may be different.

2021 will have a correction and the price will surge down, but in my opinion it has not started with The surge up from 2020 up-till now And comparing it with this mild drop, then they bear hasn't come this year 2021 yet, let's us all be careful about our excitement, reading the news and some country gave advice to its citizen on Bitcoin And crypto-currency, it was a satisfactory one, to summarize, its still a digital-currency and you should reckon that their are volatility.

This is still not down for bitcoin, even though it reaches $40000 days ago and now down to $35000 it is still bullish, do not just get emotional for the value of the bitcoin and bitcoin will never be stabilized because it is volatile, it will cha get its value time by time and will never stay for a fixed value, that s what makes bitcoin unique from other currency.

The Bitcoin price went from 36K USD yesterday to 34K USD today.Is this a reason for drama and panic?
Bitcoin is a volatile asset and such price drops are normal.Maybe a bear market will come.February and March usually aren't the best months for the Bitcoin market.Everything is possible and I don't mind having the opportunity to buy cheap bitcoins.
It's true that the weak dollar has a bullish impact over the Bitcoin price,but I don't think that the Biden administration will stop with the stimulus checks or lower the US budget deficit.The Federal Reserve will keep printing until the recession is gone and the recession will be gone probably in 2022-2023.

1. Tesla share gained more which means it's more volatile, which ultimately means more risky. If we see the long term bitcoin chart then bitcoin is only moving upward over the years.

2. Shares are held in Demat account which is maintained as centralized database. Bitcoin is stored in blockchain which is distributed hence more secure. It's not possible to change the blockchain data easily.

3. Crypto trading fees is lower than stocks. With the introduction of platform token like BNB, maker/taker fees is now as low as 0.075%. lowest ever! With no annual maintenance charges, believe me nothing!

4. It takes T+2 days usually for stocks to get delivered in Demat account and for trade to get settled. Settlement is instantaneous in case of crypto and only takes network confirmation time to transfer to personal wallet.

No one can predict the price of Bitcoin and other cryptocurrencies, yes, no one. Technical Analysis is only for us to have an idea on how the market will behave in a certain period amount of time. And about the price of dollar, it won't be a deathblow to Bitcoin. Fiat's price don't have any huge fluctuations that could affect the price of Bitcoin badly. It is always Bitcoin who wins when it comes to price competition.

Fiat is too old, not full of technology like Bitcoin and other cryptocurrencies. We are moving forward, meaning we need revolutionary things, and cryptocurrency is included.

Now Bitcoin is in a state where I believe any negative news can not affect the bitcoin performance. As we all know its a highly volatile cryptocurrency and one should always understand it can move heavily in any direction anytime. We can not expect it will stable on some specific price it will keep dropping and rising and this is the true nature of BTC.

How did you decide that the market will be bear in 2021? You will always have volatility! A month ago we couldn't even dream of seeing the previous ATH, and now the bitcoin is moving around $35k.

It never stabilize, it's dynamic, they keep moving up or down depending on the sentiment of traders, we must accept the fact that this is how things are ever since, it is down now but will eventually recover  

How come? how is it possible, are they going to legiskate laws to restrict the market, what they stated did not mean targeting Cryptocurrency.

Bitcoin has reduced but I even think it has retained its volatile nature with the rate it has reduced so far. This type of reduction is not far fetched from bitcoin since the inception and it has thus far been able to surpass all levels of reduction. With Bitcoin gaining recognition in the world now, the future is bright.

Let the market turn into bearish and let people think that Bitcoin just like gold. Because for the moment that Bitcoin will go down dip again, many people will invest and make full their bag in anticipating for the next Bullish season.
if that to ask when it stabilizes, I'd no longer think that because we like it or not, it remains to have that volatility. If that be wrong with you that people believing Bitcoin as a promising asset, but I was thankful also that I'm one of them.

Cryptomarket is just on the early stage so the volume is not that big compared to the stock market. You can have a big profit in cryptomarket if you are smart enough on trading which you can't do on stock market.

For Tesla, Yes investing in Tesla 2 years ago is more profitable than BTC. But if you compared the price during the start price of BTC and Tesla, You will have a tremendous profit advantage on BTC. Your example is pretty one sided.

I cannot give you the number but this correction has been expected. The rise of Bitcoin was tremendous and fast. It will have to retrace soon. This is it. But this does not mean that we are not bullish anymore.


This is the US administration stating the obvious. No administration, whether incoming or outgoing, seeks a weak dollar. Who's crazy enough to say that they would want the US dollar to weaken?

But, wait a minute, how in the world is this connected to Bitcoin? Bitcoin is not exclusively a US alternative currency. The world of Bitcoin is not revolving around the US alone nor its economy or currency.

Even the fall of the entire US economy is not a deathblow to the future of Bitcoin.

You have to know that BTC is not a charity farm. The main purpose should be buy as much as you can when price started falling, and hold for a long time to reach on your target, after reaching to your target you will see your expected profit. I don't prefer day trading or short term trading. So, try to buy more Bitcoin without panic when the price goes down.

That has got to be some of the worst advice I've ever heard, then every purchase you make will give a ever increasing loss in a downtrend. Do you even understand what you are saying?

I would advice to sell everything you have when you see it drop every day like it has lately, you can thank me later.

https://i.imgur.com/tdSpWze.png
Tesla stock charts for the last 8 years

https://i.imgur.com/Vr5QnzN.png
the price of Bitcoin over the last few years

^ If we look at what this chart shows, it's Bitcoin is more profitable than Tesla. Regarding what price Bitcoin will be bearish at, I can only predict it won't be below $ 17k.

https://www.meme-arsenal.com/memes/9e8c6b55b2d0291fc1f10956c630ad17.jpg

Never ever buy ANYTHING after it has had a huge runup, you are practically guaranteed a huge loss.

It is normal for a new government to say what they want for the growth of their own economy, and saying that they don't want a weak dollar is understandable moreover no country ever want that, every country strives for more stronger Currency. Also, it's too early to know what the new administration have in stock for the crypto market, we just have to wait for a while to understand their true intentions. Coming to Bitcoin also, the dump in price can be seen as price correction or it could be bear market setting in gradually, no one can really say and predictions are already out as to what level it will drop to but in essence no one can correctly answer the question of how low it get to before it stablizes. Therefore, if you are short term holder or trader, well you can make your choices to sell or keep taking profits as at when due such that if the market drops more you won't lose a lot.

I wouldn’t agree with that, especially if we look at long-term investing in Bitcoin. The people who bought BTC in the last big bull run at the end of 2017 and decided to keep it were at a loss, but in the long run they made as much as 100% profit if they sold at a price of $40k. But I can agree that those who are just looking for a profit can definitely earn a lot more if they invest at a time when a big correction is happening and when a bear market is emerging.

In a little less than a year ago 1 BTC could be bought for under $5000, and then it was a great time to invest - of course for those who believed in recovery. On the other hand, it is not a bad financial decision to buy BTC even today, especially if we believe that growth of 100% or more is possible by the end of this year.

It's probably more of a case of Schiffer setting out his stall i.e. he wants to attract a more traditional, fearful type of customer. The type who has 80% in bonds.

The fund manager Ruffer Investment Management on the other hand has just added 2.5% Bitcoin to its balance sheet. Funnily enough Ruffer is a strategic "absolute return" company, sort of a bond proxy.

I've never heard of Peter Schiff's companies before, maybe because I'm in the UK. Everyone has heard of Ruffer though who manage $20bn in customer assets.

Ultimately, it's still all risk / reward with a few horses in the race.

More and more people are simply putting an each way yankee bet on Bitcoin though  ;)

Considering the market pattern of Bitcoin in 2017, 2018, 2019 and 2020, it is likely that we might see the market value of bitcoin go below $30k or $25k. The Bitcoin market is also full of surprises, I will be surprised if we see Bitcoin drop below $25k. Also, the market value can potentially go beyond $40k.   

Do you think there are people here can answer your question accurately? since by the word unpredictable that what makes bitcoins mysterious and I suggest to you that its better to do your own research since people might give you a  false information which can create trouble for you in the long run, remember many manipulator are giving some false insights so best not to listen if we talk about future since all info's given are just predictions.

lets just see on what will happen with the price when Biden officially set for a month, But I think it cannot give bad effect to the crypto since I believe they are aware that this is so useful.

This movie was an old movie with a futuristic setting, and people was becoming dumber. Ok, I remember this movie, just forgot the title.



Guaranteed loss?
Ok, lemme ask you something. During the 2017 bullrun, those who bought even at the peak of 2017 Bitcoin ATH and still holding up to this very moment, do they have a guaranteed loss If they sell today?
Now, tell me again If they have been guaranteed a huge loss?

I have been telling this a hundred times, $30,000 or $40,000 might not be expensive tomorrow.

For those who bought bitcoin 3 months ago, they're still x2 on their investment.
It's not too bad.

I bet it will go as low as $25k too, it is continously dropping this week and I don't see any strong support that will hold the bitcoin and bounce it afterwards, the new candle in 4H chart shows red meaning it is open downwards this will be an indicator that bitcoin has a higher possibility that go dump in the next few hrs, maybe later after 4hrs if we see that it opens in green one maybe it will bounce back and continue to grow as high as 40k but as what I can see it will go straight to the buttom.

Yes, so if they decided to sell it now, they are still in good profit. Now, it is up to them if they will continue to risk or secure some of their coins by converting some to their fiat. It is really up to the user how he will make a decision on this matter. Are they really up to the challenge this year or not?

What has charity farm got to do with the op's question! i don't think the op sees btc as a charity farm rather an investor who cares about the nature of the investment, it is very direct the question op ask but unfortunate nobody can say how low btc will go this year, maybe it will not go as low as 2018 however it will be best to keep watch of the market behavior to know.

Right now we have the good, the bad and the ugly.

The bad is that bitcoin has reached it's peak and is in the process of dropping.

The good is that there is still plenty of profit for the ones that bought early, if they sell now before it falls even more. We might see bitcoin come down and drop below 20k in the near future.

The ugly is whoever bought at or near the top, and already suffer a large loss that will most likely grow even bigger.

Where will the bottom be, where will it stop dropping?

Since when is there a bear market in 2021? We're in a bull market. A correction is not a bear market.

And let's see, depreciating dollar due to inflation vs booming deflationary emerging asset....haha no, nothing the dollar does can stop bitcoin. A stronger dollar might mean Bitcoin is at $34k instead of $35k, or $115k instead of $120k, or $310k instead of $320k.

What about $7k instead of $8K or $3k instead of $4K. You didn't mention that, did you forget?

i don't know how many people know about bitcoin since 2010-11 but for those who are in this business for that long they know very well that must not panic and just hold. so many times we heard in past BTC is about to collapse. the fact is it goes higher and higher. another fact: we are in a bull period this means price climbs very much while 20% dips (like the one we have now) is a normal correction. we also have seen that million times so far. the chances bitcoin never reaches 40K again? for me 1 in 100K.

Printing 3 trillion is not a "deathblow." Look at what they do not what they tell the cameras.

Even until this sharp drop occurs I still don't think it's the true peak, because I'm still optimistic the ATH will be higher but yes. If this is the end then it looks like the likely price to be maintained is still in the 20k range with the bottom probably going in the 15k range and above. Nobody knows for sure but if you look at the history I think it still makes sense, and I don't care how strong the dollar's value will be with the new government because at least any currency and asset will definitely go up and down.

If we see a bear market this year, I don't think it will be deep and long. Most of it is expected to be bullish this year. May will be a year since the last halving and this period should be marked by good growth. Therefore, the current drop in the price of bitcoin may just be another correction, but it is possible that this time the drop will be longer. This is a cryptocurrency and any surprises are possible here.

Like you, I'm not quite convinced that this is end of the road for the Bitcoin bulls. In my opinion, there's still more to offer and more grounds to cover leading to a new, ATH that is significantly away from the last one - $42K. Somewhere between the range of $45K to $55K will do for me. If this is where it ends for this bull run, then I'm setting my sights for a bottom between $15K - $25K. I'm not placing any trades soon until I see a positive breakout though.

The new US administration can say whatever they want but you must watch what they do, they have a very aggressive plan in order to try to boost the economy and guess what they're going to use in order to do that? They are going to create a lot of money out of thin air and we all know what that does to the US dollar, it weakens the dollar and I have no reasons to believe that this new administration is just going to stop printing money and they are probably going to keep doing this for as long as they remain in power.

It's Bitcoin we're talking about, it can drop some 80-90% from peak to bottom once it gets going. Lets say it drops 90% from its peak of $42K, that gives you $4200. That could be very doable, was about the bottom last year. A retest of the last bottom is not uncommon in TA.

Bitcoin is highly volatile, so we can see prices swinging a lot.  Another thing, I think this drop is something like a correction, probably the peak of the cycle is yet to come,



I don't think so, Dollar and Bitcoin have a different market.  Besides, even though the dollar strengthen, as long as Bitcoin adoption continues, it won't lose its value against USD.

I believe Bitcoin will not drop below the $ 30k price, I thought after doing technical analysis that the $ 30k support price is very strong. So I will
predict that in the near future the Bitcoin price will go up again, so take advantage of the current situation as an opportunity to buy Bitcoin.
Because I think the current Bitcoin price of $ 31k is very good and quite cheap to buy. But don't buy Bitcoin at once with all the capital we have,
buy Bitcoin gradually just in case Bitcoin goes wrong direction.

You must know Bitcoin price is very volatile and unstable. How can it be stable someday? Any institution to regulate the price? Mate, Bitcoin price is purely determined by the demand in the market. I don't see a chance for Bitcoin to be stable in price now. Or even in the near future, I am sure the value will the same as today.

They should say that, but it has no correlation with Bitcoin. Dollar value has no significant impact on Bitcoin price.

If Bitcoin breaks $30k level then that would signal for a dump, but it would only go down to atleast $20k, this is not a cause for panic. Maybe Bitcoin needs this correction to fuel the next rally, i agree that we're already at its peak and the bulls are probably exhausted we have failed to breakthrough $42k twice or thrice? That a sign of weakness. Regarding on what US administration wants they've already printed a lot of money and injected it to the system which would only devalue the dollar.

Bitcoin is any time to up and down. So it not easy to guess the price. 2021 bitcoin price is increasing. Now most people know bitcoin that the reason people invest and hold the bitcoin. So that the reason bitcoin prices increasing. 
use the link and got more information bitcoin price: https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01

Geee wizz, Bitcoin might go below where it is now (drop below 25k), or maybe it could go above (potentially go beyond 40k). People keep saying this same statement in different words over and over, like that means something. Might go up, might go down, might rain, might be sunny. Way to say nothing at all.

Around us $30000, 2021 may also bring a new record high

fantastic

28640.162

(adjusted for inflation)

my guess was it would hit 40k and drop as low as 15k between the next big run (could be years)

You said peak.

In the singular.

(and it's *its* not it's)

I think btc will hit 20k and then it will bounce back

IMO, we might touch the high teens but unless some crazy news covers out I don't think it will go lower

Not worried whatsoever about bitcoin

https://rich-virtuoso.medium.com/weed-out-the-weak-why-the-crypto-bull-market-is-far-from-over-9e17ce37a96a

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

I guess it will rest down to $20k as its worst and not lower than such market value. Having no basis by the way, just speculations. No matter how low its market price become, I guess many investors are waiting for its market value to fall down in order to grab the opportunity to invest and hold for a long period of time, given that no one knows when will the market be at peaks again. But the opportunity itself is what investors are anticipating since there is a huge chance for the market price to again recover, and it will just be patience which will be needed in order to come up with profit in the future.

I have seen Bitcoin moves Up and Down this past week so what can we expect more now? Just decide if you want to Hold or Quit , because the volatility makes this hard for us now.
Nope Since Biden is focusing in Growing the Dollar value again and I'm sure Crypto will help Him battle this.
But we have same scenario the last time when the price almost fell down below 30k , and yet in the next week it does more than below and it was 28,000$ level.

If only there is a direct answer to this but there isn't, you just have to wait and watch and see how the market unfold, this few days btc looks stable at $32k, if this will be the correction from $40k or it will go down dipper it is hard to tell, I really hope it stays above $30k for the most part of it, but I doubt that will happen.

If dropped then Bitcoin will recover soon and will possibly reach $50,000 by the end of 2021 simply because it is the start of blockchain revolution. Like the early age of internet in which we are barely scratching the surface of decentralized apps. Blockchain’s decentralization is the next evolution to centralized compute, storage and applications. And because Bitcoin is the first and will always hold value for crypto enthusiast, it will become a store of value and increase more and more in value due to the supply diminishing.

I will cite some things base on charts.

1. MACD right now is going down meaning there is a chance that it may go lower more in the next days.
2. It is near the 50 daily EMA (around $29,500) which might become a short term support.

Now to answer your question, I don't expect that Bitcoin's correction will be that much since we are still in a bull run as of now and there are no confirmation that we have been shifted into a bear market already. The recent correction that happened isn't enough to say that we are in a bear market already. The Institution-coming in effect is very strong thus, the price of Bitcoin may not go down that much as many are expecting this year. How low will BTC can go?? It may go as low as $19,000 (21 Weekly MA). That is my very strong support as of now and as Bitcoin stays above, it will go up too.

Yes, I really believe in this, but we know what happened in 2018. As we know, the price dropped almost 7 times. Based on this, the rate should fall to 5-6k dollars.

keep in mind the increment this time looks like a big bubble. and you know what awaits. corrections or even changing trends are normal this year. I personally believe that at that time bitcoin will experience a big fall. 10k is not impossible, because in 2018 bitcoin fell to 5x. and imagine if there is a repeat, maybe bitcoin could fall below 10k.

Every rally in bitcoin looks like a big bubble, in the past rallies some of the wallet street investors were comparing the bitcoin rally to the tulip mania which means that the price of bitcoin will not ever rise again, but by now they have a clear understanding that they were wrong in judging the bitcoin market and so is the reason you see many institutional investors and businesses including bitcoin in their portfolio or in their business.

The fall might be big and i wont be surprised if the valuation goes below $10k, i was not fortunate enough to invest more like i wanted last year due to obvious reasons and next time around i will not miss the opportunity.

The small correction are part of btc volatility and after reaching ATH of $38k the prices were down by 11% due to some FUD spread by the some shitty exchange but still I would not call it bearish trend as prices are still too high as compared to the past year stabilising between $26-$30k which is good indicator.We can see more price dip to $20000 until there are prices surges once again taking them above $40000 so don't be afraid of such small corrections

Currently bitcoin can hold easily above 30k which is a good thing because it is able to find resistance above it. From 40k till close to 31k and form few days it is in the range from 31-34k. So, it’s a range bound for now but with some intuitional players coming to buy might just push the price back again upwards.

What are you talking about?
1. Bitcoin will never be stable, because Bitcoin is not a stable coin and of course its price will definitely go up and down
2. The price of Bitcoin has risen very high from its ATH price, so it is only natural that the price of Bitcoin has experienced a correction before the price increases again
3. as long as there are many people who believe in Bitcoin and invest in Bitcoin, then of course Bitcoin will continue to survive even though there is a lot of bad news about Bitcoin

therefore in my opinion you should never hesitate to invest in Bitcoin, because the price of Bitcoin will definitely continue to increase very high and give you a very big profit.

Personally, I think that the lowest price we can see in near future can be between 7K and 9K like it was when bitcoin went down from 20K and was playing between 3K and 5K. I even think that price will play between lows and highs like it was playing in 2017-2018 but maybe some facts can seriously affect it's price, for example: Paypal will fully implement crypto services in 2021, this should cause rise in price and we should see 40K again. But what if we beat covid in two years? Will it have affect on bitcoin's price and if yes, then what kind? Maybe it can even have negative affect? Who knows, nothing is excluded when we talk about bitcoin.

PayPal served as a reason to get an initiation of price pumping. Later the large scale companies direct investment over bitcoin made the market grow gradually without any sideways move. When the market starts to increase, automatically more volume of funds began to get into bitcoin. This further pushed the market and now it been stabilizing for next big price pumping/crash. We don't know what's going to happen next. With everything well planned and it'll have the lowest point around $22000 and not below to it.

No one will ever know how long Bitcoin will experience correction, but I predict it won't be long. Because several times Bitcoin tried to cross
the $ 35k resistance price, although it still failed. But it will work out in the end. We just need to be patient a little, and if you have extra money
you can buy more Bitcoin. Because I think now is the right time to buy Bitcoin, because if it's over $ 35k Bitcoin will very quickly return to
$ 40k price. And then it will continue up to the next target at the price of $ 50k.

A lot will depend on the stance taken by the new Biden administration towards Bitcoin and other cryptocurrencies. The initial hints are not very encouraging, especially the statements made by Janet Yellen. If additional restrictions are imposed, then the institutional investors may be forced to pull out of Bitcoin, and that will result in BTC sinking to the pre-rally levels (i.e $10,000 per coin).

The current downtrend has been contained and now, the bull has taken back their strength so as to stabilize the price of bitcoin. Bitcoin is now at the least volatile zone and people are considering in buying more bitcoin

There is no way bitcoin die. Many have said that for years and they can not change anything. The only thing changes is that bitcoin is getting more and more populous and it has gained lot of reputations since then. Never listen to anyone who criticizes bitcoin

The bear market has just started, and the next real test going down will be what happens when it goes below $20,000.

I don't think there will be a serious drop in bitcoin price in the near future. If Bitcoin fell, it would happen quickly, in a short time. We see it falling and almost immediately some price recovery. Over the past two months, this has already happened several times and always bitcoin has restored its price positions and grew further.
Of course, a significant drop in prices in the cryptocurrency market this year is possible. However, I don't think the bear market will be long.

I find this is very different than 2017s bull run,, I think new bull run is coming soon instead of bear
but you never know,,,lets see what happens

Why sit and watch Bitcoin go down every day when you can get rich in the stock market. Look at Gamestop stock, sell your bitcoin and invest in the next 100X stock. Gamestop stock is up 10x just in the last 2 weeks. Wow!!

Just in the last 6 months Gamestop is up 43X while Bitcoin is up 3X. If your stuck in Bitcoin your losing out on getting rich in the stock market.

To continue higher, the bulls must gain strength above $ 32,500, $ 32,800, and the 100-hour SMA.

The market will be fine, don't worry about it. Keep trading.

Just broke through 30K. Next stop 20K?

We are clearly in a bear trend, and 2021 looks like its going to be a very bad year for Bitcoin.

I think that the words of the US government will have an impact on bitcoin, and most importantly, we know that this government does not want to eliminate the dependence of the people of the world on the dollar, and this is what makes bitcoin a restriction.
And in any case, it is the people around the world who maintain bitcoin and its identity
and the rise in bitcoin prices in the coming weeks is not unexpected.

Probably the US government is thinking about how to contain bitcoin, I know for sure they are preparing something for stronger regulation.

The downtrend was due to the negative news that bitcoin has been gaining lately, but it doesn't mean that we are in a bear trend. Well, it went as low as $28k at the start of the week, but it seems we have a good bounce in the last 24 hours, as the price continue to gain momentum at $32k.

So it's not going to be a bad year for bitcoin, we still have a lot of leg room to squeeze, and this is just the start of 2021 and I would say that we are still in the bullish phase with occasional FUD, some say that this is a sign that the price could go higher as more bad news to us, the better bitcoin will recover after that. And besides, we have seen this trend before, and bitcoin also rises as it is resilient to this kind of attacks.

when will Bitcoin be bearish is still a mystery...
when a bear market occurs it is likely that Bitcoin price will only be between $ 20k and will not drop past $ 20k. the HODLers have grown in number and they are not worried about bad news so the price is unlikely to drop dramatically.

After all the years we've been here on this market then we had seen countless of issues and talks about bitcoin by forms  of fud and fomo. Bitcoin had died for how many times already
but still able to recover on where majority been talking that it might be dead or would be replaced by something better soon or in near future but bitcoin had proven out that it cant really
be phased out easily.In talks of how bad the bear  market will be on 2021 then  no one knows neither we dont see a bearish market and seeing bullish instead or we would
see an another 2018-2019 kind of experience when it comes to market price conditions.The thing here is that we should really be wise on making out into our own decisions.

I think bitcoin become bearish is not a mystery at all. bitcoin crashes because of market correction and because of the whales that sells their holding in smaller value but in large quantity. Bitcoin I think will reach again 25k but it will not go lower than that so let us save some money and make a double effort so that when bitcoin dump again we can buy the dip and hold it until it reaches our desired value. in trading patience is the key.

2021 bear Wil not start so early which is the usual dip way. I feel the dip Wil take more time to happen and the depth will be the same as usual. But we could see something difference.

It's possible because there's a big buying pressure fighting the trend. That said the trend is clear with us having lower highs and lower lows and being unable to defend important levels like 30 thousand.
We also had a death cross just few days back so we are in a bearish setup but not yet a bear market.

I also think we'll attempt to break 50 thousand this year but that's not what many analysts seem to think. I read JP Morgan's theory that we are going to have a short-term bear market this year. Not anything like in 2018 and 19 but a few months of bearish pressure that could even retest 20 thousand again.

It seems like Eleon Musk decided the bottom was in.

We already see the bitcoin price decrease at $29k before.
But the price backs the direction and now increases to $38k, and it's happening on this day.
It is double profit to us, and finally, the holder is making the big profit now.
But it will continue for the other coins because I am sure that many altcoins now are preparing to be the next coins that can increase.
The time for us to recover our losses before can happen soon, and the increase of bitcoin today, gives us a new hope that we already reduce our losses and back to make a profit.

If investor needs their sanity to be at it premium they should for now take time-off Bitcoin price, today its high at maybe $37k price and tomorrow $27k at less than that some investor sells then if the price the next day maybe goes up they regret, I think the price may not get to $40k dollars that is when its increase, but if the price is decreasing it will not go down to below $20k.

Elon Musk is playing with matches, he is clearly manipulating the market and I believe that people will suffer from this.

Looks like another ATH coming soon not a deathblow to me now

This quick rise from 32K to 38K pump is very suspect, and hardly sustainable, its an Elon Musk stunt, probably wont last very long before it starts to fade away again.

Its one thing that he is bullshitting around with Doge tweets and such, but what about the losses some face when acting on those tweets and end up losing money because of it.

A huge increase happened and that's what making the situation quite messy. Many people are torn between holding at this moment or selling already due to what happened. The expectation is that the price will continue to fall as a consequence on the achievement of ATH this year, also, a price cut happened already which gave this assumption. If the market price will be playing around $36k for a week, then that will be the time which supports investing even at a high market price because there is a tendency that the market value will continue to rise.. But do not rely that much because nothing is certain in this market.

We cannot state exactly on how low can the price of Bitcoin go right after reaching its ATH and having a sudden drop of price few days right after that. The price is unpredictable so we still certainly do not know into what extent can it go if it will cut lower than $30,000 or will be safe at that price mark and play along $30,000+. Well, year 2021 have just started and we still have plenty of months right ahead of us so we better just see to it to better witness it by using our own eyes of what can possible to make happen by this entire year if the bear market will continue or another bull run will arise.

I think, it is not possible to see bitcoin @10, 000 again, it will need more and more fud to create bitcoin price dump. Recently, Elon Musk made a tweet and made his bio #bitcoin and it causes a pump in bitcoin so instantly, more and more companies adapts bitcoin and it is widely known in different parts of the world, so from now on I think bitcoin price will play around 30,000$ and above. Just take the opportunity to buy when it reaches under the resistance of the support level. just be careful and read charts first.

Over the past few months, bitcoin has repeatedly gone to price correction and it has always been a short time and the price drop has not been large. This gives us hope that this year we will be able to see the longest bullish rise in cryptocurrency without deep price drops in bitcoin. This is somewhat unusual for the cryptocurrency market, but it is possible. We see that this market constantly presents us with unexpected surprises. Now, many have already sold bitcoin, ethereum and other promising cryptocurrencies and are expecting a fall in prices to buy again. This reduces the supply for sale and contributes to further price increases in the cryptocurrency market.

 i dont think Bitcoin price and cryptocurrency market in general can be manipulated by Musk or any person,
 is supposed to be currencies not stock is all about supply and demand and how much of it circulates around
what is driving people towards cryptos in general is current state of fiat economy and banking system