Same Scenario like end of 2013? ( bitcoin crash )

[tulpe123]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

[hndrk10]

Look at the good part, this is a good moment to buy, because it didn't end in 2013, it was only the beginning. I doubt there will be such a crash though as Bitcoin is too popular right now.

[Bitlend]

Look at the good part, this is a good moment to buy, because it didn't end in 2013, it was only the beginning. I doubt there will be such a crash though as Bitcoin is too popular right now.

From a charting perspective..

Broke the CHART money trendline
Did try get back to trendline once but was rejected
true support level is 12,921.98
broke support and bounce rallied off 12874 low (broke support level in doing so)
Next down support level 10,334 at 61.8% THE Fibonacci retracement level
Next resistance level is 14,153

10,334 is the strong buy level
Up to 12,991 hold
Above 14,153 hold/sell

 

[FLoving]

Look at the good part, this is a good moment to buy, because it didn't end in 2013, it was only the beginning. I doubt there will be such a crash though as Bitcoin is too popular right now.

In any capacity we cannot call it a crash, because bitcoin has taken a dip a little bit because of the Christmas, and it does make a sense because a week ago the price of the bitcoin was around 15k USD and after more demand in the market it raised to around 19k USD and now people are exchanging the bitcoin with the fiat currency to do some expenditures on the Christmas, so I think we cannot call it a crash.

[hatshepsut93]

No, because this time crypto went more mainstream than before, everyone is talking about blockchain even though only the few understand it, we have Bitcoin futures on big mainstream platforms -CME and CBOE, Bitcoin is getting a lot of esposure on mainstream media, the technology itself have been tested by more years than before, and there are lots of cool additions to Bitcoin in development. It may crash a bit more, maybe there will be big dips caused by FUD and atacks, but I really doubt we will see a long bear market anytime soon.

[gredisgold88]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

bitcoin have equilibrium markets prices at 10k $ ~ 13,5k $ from now , I'm still worried if this crashes up to 2.5k $ , but how world business organization take policy sale bitcoin assets ? , if anyone or organization dares to sell btc and make crash , intelligent agency about the finances will intervene, this organization will be said to laundery money in the public demand.

[pushkarmore]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

Yes the current market technical wise conditions are same as that of during 2013 where the correction was made deeper from $1000 to $250. Here it has gone deeper from 20k to almost 11k and now it has formed bullish rejection spike candle showing the signs of demand and i am expecting to continue the trend from the beginning. There is a saying in trading that "history repeats itself" which can be clearly seen here.

[X7]

This is just denial, look at the liquidity flowing into the market.

[aplistir]

i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$

do you think its the same right now?

No. I can not see anything similar.
In 2013 the crash happened because of the massive theft from MtGox which was then the main bitcoin exchange.
That theft ate belief in the whole bitcoin ecosystem.

I have not heard of any similar theft or crisis now.

[nagatraju]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

Yes the current market technical wise conditions are same as that of during 2013 where the correction was made deeper from $1000 to $250. Here it has gone deeper from 20k to almost 11k and now it has formed bullish rejection spike candle showing the signs of demand and i am expecting to continue the trend from the beginning. There is a saying in trading that "history repeats itself" which can be clearly seen here.

I agree, the candle is obvios and it looks like that time in 2013, but the price is completely different...if then there were thoughts that bitcoin would not survive, now there is a clear certainty that the fall is temporary

[Chris314]

No, not the same scenario because there are more exchanges now, and every bitcoin dip this year was temporary because many people wait for those dips to buy more. Bitcoin has a strong support right now, at least from investors.

[Febo]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

there is high chance we will see such crash. Only question is when and what will be top. Was it few days ago close to 20k or will go way over it. Such things matter a lot and no one really knows it.  But thee is tiny chance that Bitcoin price will raise way over this eon now without any real crashes.

[TERA2]

In the end of 2013 there was a double top. We'd have to go back to 20K first. bullish

[iv4n]

This is not same scenario, this scenario now is when price were 19k dollars and now dropped to 14k dollars, and just a year ago price was under 1k. People are panicking too fast like you know, and almost always panic comes from newbies and j. members. Listen higher ranked members and people who are here for a long time now, buy at sips like this one is if you have money, if not hold bitcoins you have and you will see rise again.
Even if this is scenario from 2013, who bought at that dip is how millionaire, look at that in that way.

[Enjel]

I highly highly doubt we can even compare this to 2013, because conditions are so different.

But there is a catch: if this was 2013, then 4 years from now, the price of Bitcoin should reach around 200k+ USD each!

[flounderella]

Most of the recent price gain was too FOMO driven, so we can absolutely go back to $6000 but I don't see us overshooting that. There's a lot of dry powder that will buy that level. In a few year, that would seem like a bargain as it happens times and again in Bitcoin World.

[Enjel]

FOMO driven or not, who buying at like 15k would sell at 10k? And in turn drive the price down to 6k?

Many FOMOs understand very well that they should hold and not panic like those we are seeing right now.

[Whespers78]

it was fast and back rising in short time people trust bitcoin more than old.

it is not like 2013 when bitcoin was unknown

[tdrinker]

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

As of yet I don't think that it's the same at all, the last time there was a major collapse of an exchange and funds disappearing and then a crack down by China on bitcoin. This time it seems to just be a bit of confidence evaporating in the market, it's more synonymous with a correction than a crash.

[pitiflin]

Hello
i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$.
do you think its the same right now?
its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

The price bitcoin tried to break through was 20,000$. Considering the math you have rolled out here, the price went down by 75% in the crash of 2013. So if the price goes down now by 75% the price can go all the way to 5000$ perBTC. That's too much but it's possible, for people are claiming this to be the worst crash in history of bubbles.