Last 2017/18 Bull Market compared to Current One

[very_452001]

you are totally confusing the times here, this is like 2017 but too far away from reaching the 2018 levels. price right now at $30k is like price back in 2017 at $2k and when the price first went above the ATH of that time and reached twice that meaning it went from $1200 to $2400 then fell down hard and stayed stagnant for a while before it continued heading to $5k.

that's what we have right now. price went up twice the previous ATH from $20k to $40k and fell down hard to $30k and now it is getting ready to reach $50k.

Im looking at the btc chart:

It reach a new ATH back then at $3k on Jun 2017 before dipping back down to £2k a month later in July which is a 33% dip (a normal correction) before heading towards 5k six weeks later.

Back then we had segwit adoption and there was also that bitcoin cash hard fork meaning a free air drop of bitcoin cash to btc holders that gave that bullish momentum back then.

Whats bullish news is coming for btc in 2021? Any news of the lighting newtork?

A 33% correction off $42k ATH is at 27-28k, if this is indeed a bull market then we should bounce from this 27-28k sharply making higher highs and higher lows from there. Only time will tell.

The complex market conditions are different than in 2018.

A month ago, we were cheering a $15k Bitcoin. Now we are whining that Bitcoin is 'only' $30k and what will gonna do in this bearish market. I'm calm, and even I find it normal if there is some drop to $25k or $20k. It will give me a chance to buy some more for the long game.

This is also what I'm planning, I will also buy more during the dip so that I can still make future bull run profitable too.

Just don't panic when its price suddenly go down, there's always good in the bad so just chill out and plan your next move. But it is probably not the same when bitcoin undergo bear market right now, it will not be the same like before in 2017-2018. However, don't be too confident and make this bull run profitable for you.

Bitcoin is complex, volatile, and unpredictable, just help yourself become effective, observant and improve in the market.

If it does end up copying like 2017/18 then Bitcoin will become very predictable indeed, and if it does become predictable then volatility will flatten out boring and you will only see a few volatility spikes on those predictable certain dates!

[moderator's note: consecutive posts merged]

[Lanatsa]

The last ath 20k bull market back in dec 2017, btc has hit 14k support from ath 20k five times before finally breaking 14k support on the 6th time it hit it. From there it was end of the bull market entering the bear market. It took about a month to break the 14k support on the 6th time

Fast forward to today are we seeing something similar today with the same winter months like back in 2017/18, everything looks the same except everyone now is saying this is early stages of the bull market run by big institutions. If that's the case then it should not break below the 30k support right We can see btc has hit 30k support twice from ath 42k. So after another month from 42k ath are we are going to break 30k support around 7th feb to enter a bear market like last time?

Nice analysis basing off on past events but I would tell you this that it isn't guaranteed that those things will happen again.We might see some patterns or similarities but doesn't

mean that it would be precisely happening on what we are currently facing or seeing on.Market is unpredictable and that's why I don't really look past into those events but somehow

you can really make out some comparison which I do agree upon about the bull movements of 2017/2018 compared to 2020/present day events. Best thing to do?
Play with those moving prices and don't bother on what are the things that might happen ahead.Bearish or bullish it doesn't matter.

[hatshepsut93]

In 2017 the price trippled in a span of weeks, this time it took us months to quadruple in price. The crash is also not as sharp, when the $20k started crashing it dipped below $10k very quickly, but now we only have a ~25% correction.

Don't get me wrong, the current chart looks quite dangerous, could easily be a bear market and a popped bubble, but there's also a chance that it was still only a correction and the bull run will continue.

[YuginKadoya]

This is truly remarkable but the word of unpredictable is still there we can surely speculate that the price of $30,000 USD is the support price for Bitcoin I think correction may kick in  but that kind of price is still a large amount,

That is why I have already bought a decent amount of Bitcoin and let it sit on my wallet and a small amount for trading BTC and ETH I really think that the price will sure create waves going back and forth to the price of $30,000 USD.

[BrewMaster]

Back then we had segwit adoption and there was also that bitcoin cash hard fork meaning a free air drop of bitcoin cash to btc holders that gave that bullish momentum back then.

actually both of them were in mid August not in June. also you are forgetting that we had the split scare which was a lot stronger than the "adoption". if anything it was preventing the bullish momentum.
also we saw the biggest rise after the bcash airdrop meaning in September and following months.

Whats bullish news is coming for btc in 2021? Any news of the lighting newtork?

we don't need some arbitrary news to call it "bullish". bitcoin is bullish when its adoption grows and it has been growing significantly so far.

A 33% correction off $42k ATH is at 27-28k,

correct and it did go from $42k to $28.8k which is 31.5%

if this is indeed a bull market then we should bounce from this 27-28k sharply making higher highs and higher lows from there. Only time will tell.

not at all. the bounce is always from that bottom like what we had when price jumped back up from $28.8 to $35k the next day. but it has never led to bigger rises immediately. it has always taken some time because the bitcoin market is a healthy market and in a healthy market (unlike pump and dumps) every round starts with an accumulation then a rise. you can't just go from rise to correction then back to rise again right away. we have rise, small corrections, rise, big correction, accumulation, big rise again.

[Wysi]

While I appreciate your efforts for this informative post but we cannot expect the same everytime and if you notice last time the bull run was for entire crypto market but this time it's limited to bitcoin primarily and few altcoins. This bull run the crypto and bitcoin market is more mature and saturated as they will not be dumping for a minor dump like they did last time. I don't think bull run will end so early.

[Asuspawer09]

The last ath 20k bull market back in dec 2017, btc has hit 14k support from ath 20k five times before finally breaking 14k support on the 6th time it hit it. From there it was end of the bull market entering the bear market. It took about a month to break the 14k support on the 6th time

Fast forward to today are we seeing something similar today with the same winter months like back in 2017/18, everything looks the same except everyone now is saying this is early stages of the bull market run by big institutions. If that's the case then it should not break below the 30k support right We can see btc has hit 30k support twice from ath 42k. So after another month from 42k ath are we are going to break 30k support around 7th feb to enter a bear market like last time?

That is most likely what would happen in the bitcoin market price, but if the support break at 30k$ it could probably go even lower which I hope so to reinvest some again in bitcoin.

It would continue to dump around 20k$ if the support breaks since the market would probably panic sell for short-term investors, but it's probably a good investment already for low volume.

But still, there are so many factors happening that could possibly affect the market price of bitcoin but we can't accurately predict what could happen exactly, it could easily end up differently from what happened in 2017.

[very_452001]

Okay looks like bull market has resumed thanks to the lack of trust in the stock market where robin hood investors lost faith in the stock market where's there's a lot of market manipulation there so I think they coming over to bitcoin now because its decentralised which is more trust worthy.

Were not far from 42k resistance now if we break that then consider bull market train has resumed the journey 

[irixo10]

The last bull run was actually moved by new Investors who came to know Bitcoin and what it offers, and because it is a new technology to many people then, it attracted a lot of attention, and when the market dumped, it was huge because many pulled out their funds even at loss, but the current bull run is quite different because it was pushed by a new investors who are known as institutional investors, these investors saw a potential in Bitcoin and went for it, thus even when the market corrects, it will only take a little while before it keeps going again, and together with some platforms adopting it for payment options, Bitcoin saw a new ATH. Also, although it might be hard predicting the price of Bitcoin, thus we have understoodd that, a new type of investors are now Interested in Bitcoin and therefore the future is very promising. Lastly, bear market is part of the market cycle but I doubt if anyone knows when exactly it will happen and in as much as the market can't be predicted thus we can't be certain how the bear market will be or how huge it will be.

[lixer]

We all wants the price to keep being bullish, so no one is going to tell you that the price will go down into bear market because they don’t want to be negative on what the future is bringing. I am being positive too, and the market has been going up and down since and I can’t really predict for you whether that 42,000 dollars price will be crossed, or not.

This week the price has gotten to a low of 30,000 dollars and now it has got back up to 38,000+ dollars and might soon be getting to 40,000 again at any time soon. But, it’s good to do what you think it’s best for you, you can sell some coins and leave the rest of you have made enough profit. Still, you must need to remember that history may repeat itself but not with exact fluctuations.

[Alert31]

The last ath 20k bull market back in dec 2017, btc has hit 14k support from ath 20k five times before finally breaking 14k support on the 6th time it hit it. From there it was end of the bull market entering the bear market. It took about a month to break the 14k support on the 6th time

Fast forward to today are we seeing something similar today with the same winter months like back in 2017/18, everything looks the same except everyone now is saying this is early stages of the bull market run by big institutions. If that's the case then it should not break below the 30k support right We can see btc has hit 30k support twice from ath 42k. So after another month from 42k ath are we are going to break 30k support around 7th feb to enter a bear market like last time?

For my understanding about the current bitcoin market, it's different from the past. Many people now invest in bitcoin including those millionaires, billionaires and huge companies which still supporting the value of bitcoin now not to fall sharply. Although there are several corrections in bitcoins price but still it will continue to increase.

[lepbagong]

We all wants the price to keep being bullish, so no one is going to tell you that the price will go down into bear market because they don’t want to be negative on what the future is bringing. I am being positive too, and the market has been going up and down since and I can’t really predict for you whether that 42,000 dollars price will be crossed, or not.

it seems that only people who are looking for temporary profits want to decline because they are aiming like that because it is indeed a short term trend and benefits a lot from it.
but everyone will clearly see that there will continue to be improvements and will also have an impact on the altcoin which is very much awaited by many of course.
positive attitude in any case is necessary as well as in situations like this.

This week the price has gotten to a low of 30,000 dollars and now it has got back up to 38,000+ dollars and might soon be getting to 40,000 again at any time soon. But, it’s good to do what you think it’s best for you, you can sell some coins and leave the rest of you have made enough profit. Still, you must need to remember that history may repeat itself but not with exact fluctuations.

The decline has even reached $ 29K and could quickly return to a positive and increasing direction, but it has happened several times which indicates that bitcoin doesn't want to go down but wants to increase. all now could not with certainty determine what would happen because the movement was so fast.
because the trend is good it will not be impossible for bitcoin to reach $ 40K.
agree, that what the decision is up to us, but do not miss to be able to receive from the increase in many ways, for example selling other tokens for exchange. opportunity, don't waste it.

[palle11]

The last ath 20k bull market back in dec 2017, btc has hit 14k support from ath 20k five times before finally breaking 14k support on the 6th time it hit it. From there it was end of the bull market entering the bear market. It took about a month to break the 14k support on the 6th time

I think almost the same thing repeated last year before bitcoin climbed to this height. It is not same spit of support though but I think I remember bitcoin hitting $10,000 several times and also $12,000 area several too. Yes bull don't just start without breaking key support areas.

[error08]

We've just entered the q1 of 2021 if we refer to the history repeat itself, then the peak of the price will be reached by the end of the year in q4. So, nothing to worry about in the bear market, $30k is strong support, and it will take an unusual event to pull the price below $25k. Meanwhile, the price still moving sideways after the recent spike up, the price doesn't suppose to always increase all the time, if the price decline, then considers it as the discount time to accumulate more coins.

[CODE200]

We've just entered the q1 of 2021 if we refer to the history repeat itself, then the peak of the price will be reached by the end of the year in q4. So, nothing to worry about in the bear market, $30k is strong support, and it will take an unusual event to pull the price below $25k. Meanwhile, the price still moving sideways after the recent spike up, the price doesn't suppose to always increase all the time, if the price decline, then considers it as the discount time to accumulate more coins.

Maybe it is just a coincidence that the market price again fell at the first quarter of this year. Maybe it is just that observable simply because of its market value, reaching high market prices. Hard still to speculate what will be its next movement. Whether it will be a higher market value or a lower one. At this moment, we are seeing and up and down motion. A deeper price fall is more anticipated since many investors are waiting for the 'low times' before entering this industry to somewhat lessen the risk. Bottomline is waiting game for all of us. Speculating won't be that much of a guide.

[Rexler]

IMO the previous bull run seemed like it was just price manipulation from crypto whales who had enough money to pump and dump any coin, whilst the current bull run we are experiencing is caused by mass adoption of crypto by the masses and financial institutions who are investing heavily into bitcoin, i really can't say when we are going to experience another bear market, but we won't have a bear market anytime soon that's the truth.

[Kemarit]

Okay looks like bull market has resumed thanks to the lack of trust in the stock market where robin hood investors lost faith in the stock market where's there's a lot of market manipulation there so I think they coming over to bitcoin now because its decentralised which is more trust worthy.

Were not far from 42k resistance now if we break that then consider bull market train has resumed the journey 

No, the current spike that we have seen is due to Elon Musk, but after that tweet, we've seen another selling pressures, taking instant profits. However, we can still retest the resistance again @$38,000 to see if we are indeed bullish.

So I would say that sentiments will still drive the market to leg up in the next coming weeks, specially if there is a good new to fuel another big pump.

[MCobian]

Everyone is free to have their own opinion regarding the movement of Bitcoin this year compared to 2017/2018. I think the key is in the support
price at $ 30k, if successful the Bitcoin price drops far enough to the price of $ 25k, then I believe it is 90% likely that history will repeat itself.
But Bitcoin is currently stuck above $ 30k, so there is still a possibility that the Bitcoin price will go up again. For now I suggest that we all just
monitor Bitcoin movements, at least we wait for the next two weeks where Bitcoin will move.

[Lucius]

Whats bullish news is coming for btc in 2021? Any news of the lighting newtork?

Isn't it bullish enough for you that big companies and various funds have invested billions of dollars in BTC in the past few months? That's why we have this price today, even though some want BTC worth millions overnight - but they have no idea about some basic things.

If one even thinks that 2020/21 is identical to 2017/18, then one does not at all take into account that 2017 is the result of halving that happened in 2016 - and consequently it is not unrealistic to expect 2021 to be a big year for BTC given that halving was few months ago. I know that some so eagerly expect a bear market and a big correction because they have sold everything they had and are waiting for the opportunity to re-enter - but the only chance for such a correction to happen is for the crypto world to hit some really bad news.

As for the Lightning Network, you have quite a solid selection of crypto wallets in which this option is supported - and if you want to know more I suggest you visit the following topics :

The Lightning Network FAQ
Electrum Lightning Network walkthrough

You want more technical stuff about something yet to come :

Taproot proposal

[very_452001]

Okay I can compare and see the overall total Crypto Market Cap between the last one and this current one.

The last one the total crypto market cap including alts, did not make a higher high from its ATH peak back in Jan 2018.

Now I see we are making a higher high and making new ATH's now in total market cap including alts.

Questions are:

- These new ATH's crypto market cap we having now is caused by Alts or Bitcoin?

- If the Alts are having their bull cycle now then at the same time can btc break its 42k ATH resistance?

- If btc cant break its 42k resistance in this current alt bull cycle then will the money flow back into btc when alt bull cycle is finished?

- What if btc gets rejected at 42k resistance while alts are having their bull cycle, will this turn alts from bullish into bearish?


Okay now were not far off 42k resistance. If it breaks that then that confirms we are in early stages of a bull market.


Okay Early Stages Bull Market confirmed if it is not a Fakeout 

[moderator's note: consecutive posts merged]