Why bitcoin's price could crash soon by 20%?

[Anora2020]

I read a website column the details on how could you projected market price of Bitcoin I don't think no one can projected the movement of the market price read accordingly..
This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.
Bitcoin price is very volatile that can change faster it is because of the popularity of the coin that more people buying so more demand and less of supply can change the market price more faster than ever.

[1713568296]

1713568296

[Myfe]

This article isn't as informative or profound as you're making it out to be. They cite (literally) "TOP BITCOIN ANALYSTS" as one of their sources.

Here's the TL:DR for everyone else.

The decline prediction is based on basic technical price movement analysis. With the current decline we've dropped to the price point of the most second most recent peak. That peak is called the resistance point. Traders will pause when the price hits that level and then the price will bounce back up or it'll break through the resistance - technical analysis can't predict which way it'll go. If we break through this resistance level we could fall to the next resistance level at $6,400.

There's nothing unique about this prediction, every week we could make the same - going up 10-20% or going doing 10-20% claim. It speaks to the volatility of bitcoin, i.e., 20% swings are the norm, not the exception.

It is nice to see a negative price prediction post though!

[palle11]

To me, fractal is not an indicator to be a strong controlling one to decide what will happen in the future. Fractal repaints itself and succumb to presume and leaves a particular spot and moves over to another available place to appear. This is a delay indicator.

[Shimmiry]

Even those fractals and downtrend wouldn't scare nor be alarming to the cryptocurrency investors. It would be somehow an opporunity if ever it would crash much lower. Why? If ever those would happen, altcoins would take the stage and gain good and pumping market in which also a time for selling those altcoins that others have holded for several years of altcoins' ugly market. Also, having Bitcoin at its lowest can also be another expectation that it will rise (as per my reading in its price history).

[The Sceptical Chymist]

20% swings are the norm, not the exception.

I wouldn't exactly say those are the norm, but I know what you mean.  They're sort of to be expected and aren't something to panic about, and if you've been watching bitcoin for long enough--or have owned it long enough--those kind of price swings shouldn't shock you.

Bitcoin definitely could crash by 20% or more, but I'd expect that after a big rise, sort of like we saw in the summer of last year.  Anyway, this prediction is about as good as the rest of them--useless IMO and not something I'm going to act on.  I don't think I've bought or sold bitcoin or anything else based on someone's prediction.  They're almost entertainment more so than anything else.

[secone]

I read a website column the details on how could you projected market price of Bitcoin I don't think no one can projected the movement of the market price read accordingly..
This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.
Bitcoin price is very volatile that can change faster it is because of the popularity of the coin that more people buying so more demand and less of supply can change the market price more faster than ever.

today is the accumulation phase, i think the price wil stable maybe own 10-20% but no more than it, 40% is not a small precent for bitcoin, the price target must be $10.000 again and im sure bitcoin can reach it this year.

[Savemore]

Only those people who are fundamentalists who keep believing on the articles and news about bitcoin. I do not think that their analysis is legit because it is jut their prediction. The price bounce in its previous support where there is an upward move that happen again. As long as the 100 MA hold below the price, expect that the market will stay healthy. Do not rely your decisions in news or articles online.

[LUCKMCFLY]

Many times you can not trust the information of this type of articles, it is something like when you go to the doctor and they tell you that he is sick and that he will die, because it is likely that if you seek another opinion from another Doctor they may be able to tell you: You are NOT going to die, you have a disease that can be treated and cured ... Something similar happens in predictions and analysis.

It cannot be ruled out that some are interested in creating panic so that some weak hands sell their cheap bitcoins, it can be interpreted that way, in fact, it can even be taken as a kind of manipulation, you have to have good arguments to refute some types of information, and this despite the fact that it can actually happen because movements in Bitcoin turn out to be many times unpredictable.

[Zemomtum]

To just be frank, I don't see any tangible point in the issue raised on why Bitcoin could crash soon. We can all just even speculate based on the technical and fundamental and not an affirmation.

[Coyster]

Many times you can not trust the information of this type of articles,

I would even go as far as saying they aren't to be trusted all of the times, looking through most of their articles that they mostly post here about either a bitcoin rise and fall you'll understand that they just predict without even having any facts or without any proper research, this just creates FUD for those who've not been bitcoin investors for a very long time and may not know that they have nothing to worry about.

What OP's article predicts could happen, but it's good for users, especially newbies to know that's it's only but speculations, and that the fall could also welcome a rise in the price, so people do not panic and sell.

[MURONDI]

no analysis is 100% accurate, especially bitcoin is very difficult to predict, when analyzing bitcoin using an indicator there is often a false signal, even some indicators show there will be an increase in bitcoin at this time, we cannot rely on only one indicator to analyze the direction of the market.

[buwaytress]

This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.

For the briefest of moments, I thought Eerie Fractal was actually a new thing. Til I clicked on the link itself. Strange to see this 20% crash being bandied around a few sites now, so I'm guessing someone or some people are trying out a new social experiment to see if they can self fulfill that prophecy. Not that I don't enjoy a bit of silly TA, but if it does drop 20%, it won't really be because of China, Iran or some flu bug and it won't be a repeat the 200EMA bounce. It'll just be business as usual.

[pajak666]

The reasoning is as good as any.. FWIW I too think we are not at the bottom yet, but only time will tell. If you think about it 'fundamentally' then BTC is worthless, seriously it is.. at least at this point in time. We need people spending, not holding for it to have a real value like fiat money. For now, the only reason to buy is halving, is your friend from work gonna do it because of it? No. Is your family? Rather not. This is catalyst only for insiders who care about BTC daily and it's gonna be a speculation among us. There is no money coming from outside because of this reason and I assure you, most of people you know don't give a donkey shit about BTC right now, coz they still remember x-mas 2 years ago and their / their friends' hopes going thru the window shortly after.

[wajik-tempe]

I read a website column the details on how could you projected market price of Bitcoin I don't think no one can projected the movement of the market price read accordingly..
This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.
Bitcoin price is very volatile that can change faster it is because of the popularity of the coin that more people buying so more demand and less of supply can change the market price more faster than ever.

Not every year will have the same pattern, even we cannot deny that market could be manipulated by the whales, i think the whales are not gonna use the same patterns to the market because if so, people are not going trapped and the whales are not gaining profits, crypto is always unpredictable

[Xxmodded]

I read a website column the details on how could you projected market price of Bitcoin I don't think no one can projected the movement of the market price read accordingly..
This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% https://www.newsbtc.com/2020/01/25/eerie-fractal-bitcoin-price-tumble-10-percent-maybe-more/

Since Bitcoin broken out downtrend rallying by 12% since the price 6400$ bottom registered in December. Although bullish price action have noted that the breakout is reminiscent. When after president xi jinping endorsement of blockchain sent Bitcoin 40% higher on October. And the Bitcoin price last year preceded a strong crash from 8700$ to 6400$ in a few weeks time, marking a drop of 27%.
Bitcoin price is very volatile that can change faster it is because of the popularity of the coin that more people buying so more demand and less of supply can change the market price more faster than ever.

Not every year will have the same pattern, even we cannot deny that market could be manipulated by the whales, i think the whales are not gonna use the same patterns to the market because if so, people are not going trapped and the whales are not gaining profits, crypto is always unpredictable

Bitcoin is unique investment way where some time crash more than 20% without predicting before, its why many people interested for investing with bitcoin because have unique price and could be more profitable than other investment need ten years later crash and increase profit more than 20%.

[moviebuff777]

There will be volatility, but another variable at play is the halving that is approaching in less than 4 months. Even that event has experts disagreeing about what will happen. I believe that based on the last 2 halvings, the price will increase because of the halving. This also is intuitive since supply is dropping and mining reward is dropping.

[Hypnosis00]

This is nothing new to the market, anytime soon the prices will fluctuate over and over again. Thinking for a 20% drop is not a big deal for us who believes and trusted Bitcoin cause it will just eventually change in the following days and show more improvements more than of its loss.

The fall could be of some reason but not a thing we have to think of being in the negative all the way.

[Fatunad]

Anything can happen with btc price. No one would ever know whether the price would crash or will go bullish but this is just another uncertain speculation they just added something related to the market trend to make it believable. In my own opinion, btc wont going to crash this year or next year.

[hugeblack]

What the article treats as a breakdown, we are talking about it as a natural correction that can happen to the price, especially since we were at $ 7100 levels.
The price tends to maintain levels above $ 8,000 a while ago so it is likely that we will be able to break the resistance levels at $ 9,400 more than we will return again to $ 6,400 levels, especially with positive hopes about bitcoin halving and other factors that may lead to a price rise.

[justdimin]

Nobody denies that bitcoin "could" drop by 20%, that is something we could always have, yet the reality is that we are in a bull market right now and whenever price happens to fall a bit, we end up being higher in the price levels for a longer period of time than the lower times.

So, right now we reached down to 8300-8200 levels right? Well we shoot right back above 8600 after that too, showing that we are not willing to fall just yet, there could be a lot of sellers who are willing to sell and get the price lower or at least they want to get rid of their btc, yet the buyers outweight them a lot for now. Hopefully that possibility of 20% drop doesn't happen anytime soon, it could potentially happen but we live in a world where 20% up is also quite possible and we are rooting for that now.