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Author Topic: How low can the next bear market go?  (Read 208 times)
pixie85
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May 22, 2021, 02:06:46 PM
 #21

That would be true IF this bull run was over. You can't really know for sure that the $64k are the top of it, in contrast with 2017 and 2013 that we are now ensured how they ended. So the growfall may not be x6.3, I actually believe that it'll be ~x20. Kicking the $100k would seem impossible to me a year ago, but now? Nope.

You're 100% right about that.

OP mentioned 2014 as a 120 - 1019 run which is wrong. The run begun in October 2013 and ended in December 2013! There was no 2014 bull run!
Also the 2013 bull market had 2 stages. First one in March - April folowed by a decline from 260 to 40 USD and second one later the same year.

This bull market can also have 2 stages especially that the first decline also begin in Q2 of the year and is looking much more bullish than the same correction in 2014.
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May 22, 2021, 02:14:25 PM
 #22

We don't know how low will the prices go, we just have to see what's next for the bitcoin prices, we will only see it when it eventually happens and we passed by that low price and then that's when we know that it will be the lowest price when it is already too late.
Yeah, it is unknown and nobody could tell such a situation when it comes.
But I have faith in Bitcoin believing that even the moment has come for another dip, Bitcoin could still stand and remains to be dominating the market. What we have to give trust, we have this struggle so many times and see what? We even see the market grow more and leads to another ATH but as usual, dumps are a part of crypto life, it is either will come tomorrow or in a few days. Just have faith and trust, we don't need to panic, and everything will be fine.


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