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Author Topic: will bitcoin ever go down like 2018-2020  (Read 1345 times)
Hasan986
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July 26, 2021, 02:48:18 PM
 #21

I don't think Bitcoin will go down in price like 2018-2020. Bitcoin is currently in the hands of many large companies. They have a large amount of investment. 2 lakh $ bitcoin is expected in 2022. Hopefully gain next day by day.
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July 26, 2021, 02:55:19 PM
 #22

maybe it could happen again. but this is not an analysis, just an estimate.
if you look at the actual market conditions, the potential for the decline will be less even though it may occur because the rally has been running for quite a long time. The downturn could encourage big investors to re-enter. but the conditions are a bit stable due to the possibility of more and more support from large companies supporting or adopting bitcoin.
The decline will likely be gradual. because right now the market support is too strong for a big dump like the one that happened in 2018.



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July 26, 2021, 03:37:56 PM
 #23

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
The price decline on Bitcoin will continue to exist but I believe the price of BTC in 2018 to 2020 will not be repeated...

Bitcoin is a very volatile crypto asset but in 2021 it will be different because we have seen a lot of big companies accepting Bitcoin, besides that a company as big as Amazon is also reportedly going to accept BTC, so we will no longer see Bitcoin prices below $20k.

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July 26, 2021, 03:44:39 PM
 #24

My guess is that it is impossible, because currently BTC price is being supported in the price range from very high $ 30k, it is difficult to go down to low like in the past and the current price has increased to 40k $ yesterday. , in the future I think BTC will continue to increase.
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July 26, 2021, 04:09:33 PM
 #25

I don't think so. It can be only if a lot of countries will ban BTC and miners will stop mine it. But it's not likely to happen. BTC is always go in cicles but it's keep getting higher and higher and takes the higher floors too.
Bitcoin have gained more popularity now, compare to 2018. Bitcoin price in February 2018 was around $6k and it fell to $3k in December 2018. I don't think the price will fall to the extent it was in 2018. Although, the price is instable, nobody knows if it will price or fall. Bitcoin price is currently at $38k. However, some countries placed ban on Bitcoin, but that didn't stop bitcoin, this resulted to peer-to-peer bitcoin trading.



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July 26, 2021, 05:06:41 PM
 #26

TBH, none can predict what's going to be happened in the upcoming days or weeks or years. Anything can be possible as market has more adoption than previous bull season and bear market might take less time than previous one. If that happens, market won't get that much dip as well as vice versa. But we need to do our own TA so that we won't face any kind of losses, even if market could be worst than the previous bear season which means market could go lower than the previous ATH.  Wink

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July 26, 2021, 05:40:58 PM
 #27

Cryptomarket isn't the same as the stocks or the forex. It is completely different, because an expertise who has the ability to predict the outcome of stocks can't clearly predict the market moves of bitcoin even if he/she had gone through a series of growth charts. Based on this we can't get into anything precise about the market of bitcoin. I believe there is chance for it to happen, without a timeline.

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July 26, 2021, 05:56:18 PM
 #28

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
We came from $60000 and went down to $30k, are you still insisting price needs to go further down, I don't  think that would send the right signal if it happens.
Should price go to a low lower than $10k this would be seen to be the most volatile asset and investor confidence would be low.
But thankfully right now price is on the rise so those 2018, 2020 low prices won't be seen. maybe we can see a new all time high before the year ends.

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July 26, 2021, 06:03:03 PM
 #29

TBH, none can predict what's going to be happened in the upcoming days or weeks or years. Anything can be possible as market has more adoption than previous bull season and bear market might take less time than previous one. If that happens, market won't get that much dip as well as vice versa. But we need to do our own TA so that we won't face any kind of losses, even if market could be worst than the previous bear season which means market could go lower than the previous ATH.  Wink
Anything can happen in the crypto world. Even up hundreds to thousands of percent in a day can certainly and vice versa.
we can make predictions using technical analysis by reading the chart formed using the indicators that are already available. Indeed predictions will not be 100% accurate, but by doing Technical Analysis we can know about the market picture that will happen later. Technical analysis is also balanced with Fundamentals or news that affect the price of bitcoin.
Currently bitcoin is bullish, and of course after the bulls there will be some corrections needed to reach the highest price again. Trading using the right strategy and management will give you profits.

 
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July 26, 2021, 07:40:12 PM
 #30

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

In my opinion the low may be lower than $30000-$20000, but not like in 2020. At least it is unlikely for sure that  the BTC's price will be lower than in 2018. Bitcoin nowadays and in future lower than $3000 it is hard to imagine. And nowadays we see Bitcoin increased to $40000 in price.
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July 27, 2021, 11:55:30 PM
 #31

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

Don't expect 2018 will be happening again, bitcoin has stabilized the current value at $38k to $39k as of these days. Keep in mind that having a good start will not be the same as before, then if you do have a strong mindset towards bitcoin you're not afraid of taking risk now. That risk will soon provide you the amazing outcome which profit can be obtained by hardworks, so don't be afraid and always have courage.
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July 28, 2021, 01:12:30 PM
 #32

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
It is very difficult to predict the direction of bitcoin. What we have experienced this year is a good signal, that ATH is currently set at a high. And we're at $39k, assuming 29k is the low, we're in the midpoint zone, which looks like a sideways move. But we have optimism, as major catalysts are supporting the crypto space. I believe we can go up.

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July 28, 2021, 01:36:25 PM
 #33

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
It is very difficult to predict the direction of bitcoin. What we have experienced this year is a good signal, that ATH is currently set at a high. And we're at $39k, assuming 29k is the low, we're in the midpoint zone, which looks like a sideways move. But we have optimism, as major catalysts are supporting the crypto space. I believe we can go up.


Indeed, no matter how good the analysis we do, it is quite difficult to predict the price of Bitcoin. But if we look at the movement of Bitcoin this year
it is quite good, even managed to rise to prices above $60k. Even though the Bitcoin price is now falling, but at least not as it was in 2018. As long as
the Bitcoin price doesn't drop below $20k, I believe the price of Bitcoin will continue to rise, so what we need to do is continue to collect Bitcoins.
Because I'm still quite optimistic the price of Bitcoin by the end of this year can reach the price of $100k.

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July 28, 2021, 03:37:40 PM
 #34

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
It is very difficult to predict the direction of bitcoin. What we have experienced this year is a good signal, that ATH is currently set at a high. And we're at $39k, assuming 29k is the low, we're in the midpoint zone, which looks like a sideways move. But we have optimism, as major catalysts are supporting the crypto space. I believe we can go up.
We hope that $29k is the lowest price of bitcoin for this year and it will not go down for more than that price. But as you say, it is very difficult to predict the bitcoin price. But hopefully, the price can still increase by more than $40k. But in the future, the bitcoin price will be at more than the last ATH so we need to survive until that time.

If the price is down again, we do not have to panic because that will be another correction and that could be our good time to buy bitcoin.


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July 28, 2021, 04:39:33 PM
 #35

Answer to pretty much every single question concerning bitcoin's price: no one knows.

Even with predictions that come out of any analyst, even with world-class forecasters, even with intelligent robots that are able to read the direction of price movements. Will it all remain biased and raise big questions? Even though there is only one, the price of Bitcoin moves naturally every minute, depending on the mood of investors, mood of miners, mood of demand, mood of traders, mood of sellers. buyers, and God's mood. lol

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July 28, 2021, 06:42:25 PM
 #36

Bitcoin just like other crypto coins are highly volatile in price like we all know, so it's really hard to predict(and this is if it's even possible).
But based on some factors surrounding the 2021 bull run, if compared to 2017/2018 bull run, we all will notice a big difference, and one of those differences is that 2017/2018 bull run was mainly fueled by fomo and hype from New investors in the space, which is why price dropped really hard when the bear season came in 2020 - comparing this to 2021bull run which is mainly fueled by big institutional  investors joining the space which also attracted other high profile and influencial people joining to invest.

When we consider this two scenarios, we can easily conclude that we currently are into something more realistic and reliable this time than we were in 2017/2018 bull market, so based on this analogy, I can personally say that bitcoin isnt expected to drop like it did in 2020 after 2017/2018 bull run.
But like I've said before, this things are very difficult to pinpoint a right yes or no answer, and like a member here already said, the right answer to this kind of question really is No body knows

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July 28, 2021, 09:36:22 PM
 #37

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

Non so far, and as I've observed the latest market updates of price we've reached at $40k again. On that projections, I couldn't speculate any downturns as huge as the previous weeks. So for now, lets wait for another bounce which potentially heading towards $50k or higher.

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July 29, 2021, 07:24:00 AM
 #38

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

I'm sure the current conditions are different from 2018-2020, now the bitcoin price has hit $40k and I'm sure the bull run will repeat soon, maybe the price can reach at least $90k, so I will continue to buy bitcoins from savings.


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July 29, 2021, 10:17:06 AM
 #39

so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?

I'm sure the current conditions are different from 2018-2020, now the bitcoin price has hit $40k and I'm sure the bull run will repeat soon, maybe the price can reach at least $90k, so I will continue to buy bitcoins from savings.
Yes, the current conditions will be different as we can see the price is up and down.
But the trend of up and down will always be there, no matter how much bitcoin price it is.
The bull run will come again soon and who knows, that can happen twice this year, so if that is coming, we will see the price will be able to back to $64k and have more chances to break on that price.
Maybe we see the price is low now and we think that the price can go down later, but if you do not use this time to buy bitcoin and only see the price move, you will regret it when you see the price start to increase.

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July 29, 2021, 10:22:39 AM
 #40

I think, with today’s visible movement of Bitcoin’s value in the market it is unlikely that it will return to where it was in the last three years.  More people still prefer its price to go up than to go down.  Now that its vigor is returning and the new good news about it is causing the price to go up again.

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