Are we in 2017 again? How do you feel about the price chart today?

[Kemarit]

Looking at the chart movement in this year, I think, we don't see Bitcoin price falling again like 2017 which will be a 50% decline. Bitcoin has continued its gains throughout the year and has even reached 2x ATH just six months away. Therefore, there is no need to worry about bitcoin price correction because moments like 2017 will not be repeated.

Though there’s still no guarantee for this let’s hope that Bitcoin wont dump that much again since 50% dropped is really devastating. Bitcoin is quiet on a pullback right now after making a new ATH, if this continues that’s alarming. 2017 was a great year right before it dump, and this year is a different story.

50% drop is possible since any huge fuds nor certaim regulation which can do huge harm with bitcoin can make the price move backwards so hopefully no something like this will come especially when it comes to the goverment since for sure manu will take those news as bad amd might can cause anything again if somwthing restrictions will be impose by them.

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

[StreakW]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

If you understand the basic steps of cryptocurrency market analysis and also check the historical data of the crypto market during the season of Bitcoin halving market effect you'll see that every coin in the market are considered to experience huge market correction (which is also known as a market bloodbath) after 12months the same thing happens in the halving market before 2017.
Meanwhile, it is not for you and me to decide but this is triggered by the most player (Humpback Whale, Whales, and Shark ).

My advice to you, side some capital aside for you to buy when the blood bath happens.

I always monitor the movement of the price chart in the market, even when the cryptocurrency market is in a downward trend, or when it enters a bear phase, I will short sell to make a profit or to protect the asset from a weakening price.

[Hidrofor]

The next halving is expected in 2024. Until then, Bitcoin price should be able to reach $100k or above without having much problem I guess. The current ATH is $68k. There is nothing holding the price back from achieving a better success than this. It is just resting for now at around $57k. All we need is a delightful bull run. Then things will be very easy. 

[temple]

The next halving is expected in 2024. Until then, Bitcoin price should be able to reach $100k or above without having much problem I guess. The current ATH is $68k. There is nothing holding the price back from achieving a better success than this. It is just resting for now at around $57k. All we need is a delightful bull run. Then things will be very easy. 

We shouldn't be looking naively at Bitcoin. Of course everyone wants to see only the upside potential, but that is not realistic. We have seen that the last crypto "winter" did indeed take some time. That could happen again. Now I don't think it would as rough as in 2017 because Bitcoin has made progress and more entities are accepting it so it would surprise if we five years further but could see a hard crash regardless. But after all we can't dismiss the fact that there are still a couple of uncertainties in terms of Bitcoin's potential. Political uncertainties, also economic uncertainties and the crisis.
Coinglass.com shows that Bitcoin is a bit more long than short, but I am not sure how representative the data on Coinglass actually is.

[DOH!]

In 2017, bitcoin prices started to fall only by December third week hence right now it is too early that we think about repeating of 2017.

Totally agree. I think there are many macro differences for bitcoin and crypto this year. Although, the 4-year cycle with the bitcoin halving is always considered the purest comparison chart. Today's three-day fear-and-greed indicator is all about anxiety about the rumored FUDs but look at the daily candlestick chart. The break of 60k is not yet but I guess the sideways market to get to the new 56k support is really necessary. (The daily candle shows optimism and holders are still focused on long-term accumulation)

[jaberwock]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

[carlfebz2]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

When it comes to movements then we could really tell it does have some similarities and there are some differences  which it really be the reason on why

people do really end up on having impressions that it might or might not be similar into those 2017 days or year on regarding the probabilities of market correction.

but if we do look out bigger picture and the level of adoption then we could really tell that we arent really the same into the past.

[Baofeng]

I read an article from cointelegraph that says we have eerie similarities now with 2017. So basing on that, and if the pattern will be the same, the price could hit $300,000, but that's just a prediction though.

https://cointelegraph.com/news/bitcoin-price-dip-matches-october-2017-with-btc-explosion-still-forecast-before-2022

We really don't know what the future holds, if it holds then good for us holders, as many of us will be happy and probably be self made millionaires. But the lessons here is not to be complacent, we still need to prepare for the worst.

The sad part about this current situation is that we had a huge increase during late 2020 and early 2021, and we did not have that in 2016, which means that maybe 2021 was what we had similar to 2017 and not 2022 or 2021 December at least. I am not saying that we can't see 300k, but the increase from 3k to 20k doesn't require the same amount of money that requires us to go from 55k to 300k neither, that 6x increase requires a lot more capital and I am not sure if we have that anymore.

People need to accept the fact that bitcoin may not increase to 100k+ very soon let alone 300k, if we keep wanting for more and more then it would mean that we are going to be upset when that doesn't happen. Obviously it is going to be fine for all of us right now since we have made insane profit in the last 1 year, but eventually people will get bored again when price doesn't give them this much profit for many months even maybe over a year.

I think the bubble has been burst for the $100k prediction this year because obviously, it won't be meet as far as I'm concern because we are not under time pressure. With that said, investors should not be disappointed after all, we all know that those are just predictions and it's not that accurate. Although at the beginning, people are very excited until last week when there is a news of a new variant of Covid-19 that really affected the whole financial market globally. So for me, I have said my mind that $100k is not achievable this year so I have to financially adjust as well.

[magneto]

I think the bubble has been burst for the $100k prediction this year because obviously, it won't be meet as far as I'm concern because we are not under time pressure. With that said, investors should not be disappointed after all, we all know that those are just predictions and it's not that accurate. Although at the beginning, people are very excited until last week when there is a news of a new variant of Covid-19 that really affected the whole financial market globally. So for me, I have said my mind that $100k is not achievable this year so I have to financially adjust as well.

Bubble hasn't burst. Not even close.

Yes, there are always going to be absurd predictions like a $1 million bitcoin or whatnot, but we haven't seen a large scale selloff.

The peak at $~70k is still holding and so is the support at $50k. This is nothing out of the ordinary.

[2double0]

With people being very optimistic about the price, I still fear about btc repeating what it used to do after each pump cycle, a sudden crash may again end the average investor's faith in btc and he will sell it the moment he sees btc panic falling. This has always happened to throw out paper hands, and looks like it will again test the patience of traders which is why investors have kept it under 60k as of now.

[STT]

Im that optimistic about the price for this year at least, just not expecting any decline to especially matter.   Price does not determine prospects, if anything it raises interest at the lower price thats usually the method of the market to encourage volume which does matter in long term an base prospect.
   The price is declining still is my general take over days and weeks it looks that way, I expect something like 49k to at least be challenged and rejected.

[asrinur]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

[suzanne5223]

For me the current state of Bitcoin is quite good and vibrant. The prices of bitcoin and altcoins have seen significant gains this month, and by more than 50% so far this year. Therefore looking at the price charts in the crypto market I think the bitcoin price crash like 2017 will not be repeated.

If you understand the basic steps of cryptocurrency market analysis and also check the historical data of the crypto market during the season of Bitcoin halving market effect you'll see that every coin in the market are considered to experience huge market correction (which is also known as a market bloodbath) after 12months the same thing happens in the halving market before 2017.
Meanwhile, it is not for you and me to decide but this is triggered by the most player (Humpback Whale, Whales, and Shark ).

My advice to you, side some capital aside for you to buy when the blood bath happens.

I always monitor the movement of the price chart in the market, even when the cryptocurrency market is in a downward trend, or when it enters a bear phase, I will short sell to make a profit or to protect the asset from a weakening price.

It's good but you still need to understand some seasons in the cryptocurrency market that always replicate itself no matter how bearish or bullish the market is.
This is the major strategy mostly used because I don't like checking the chart frequently or spending much time on trading when I can something else and it has been profitable.

[fullhdpixel]

Im that optimistic about the price for this year at least, just not expecting any decline to especially matter.   Price does not determine prospects, if anything it raises interest at the lower price thats usually the method of the market to encourage volume which does matter in long term an base prospect.
   The price is declining still is my general take over days and weeks it looks that way, I expect something like 49k to at least be challenged and rejected.

I am not sure if we would fall anywhere close to 49k to be honest. I am not saying that it is impossible, this is bitcoin and even 29k is possible let alone 49k but I do not see it happening right now at all. It is obvious that bitcoin has been doing not so well lately but that is only a temporary thing. Hopefully we will do a lot better in the future, that would be our way to get out of this terrible bear situation we are in right now.

Let's wait and see, if the price falls then we can't stop it, but if it starts to go up then we could help it and get it even higher. Increase all alone means nothing and could drop very easily, but a huge hype around that increase could mean a lot more profit and a big bull run.

[matchi2011]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

[asrinur]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

Right. I see that the price of bitcoin every year in December always declines after experiencing an increase of more than 36% throughout the year. So when there is a correction and volatility like this is actually a natural thing. In the future, I am optimistic that the positive trend of rising Bitcoin prices will return.

[Obito]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

That's not for you to say, as long as the market exists, possibilities that it may happen again will always be open no matter how high we are on the market but it's not worrying that much since the demand for bitcoin will always continue to go up. I don't think that we are experiencing 2017 all over again because it's not as drastic as you think it is in comparison.

[Ararbermas]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

people nowadays always comparing the situation of bitcoin from the past, they don't know the structures in the graph always exist every time no matter what trend it is. without knowing as well there's a big difference everytime when market form the same patterns. Such the potential.. And probably most traders knows about it because sometimes market is showing false information even you see a good structure of downtrend or uptrend it fails as well. So we cannot tell to be honest..

[onecall123]

In my opinion, the 2017 phenomenon when the bitcoin price dropped sharply after touching the ATH record, will not be repeated. I see a very bright future for the bitcoin price. Although there have been some recent price corrections from the ATH level, but at least the bitcoin price won't drop to the $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.

Not the same in terms of huge downfall, currently we hear a lot of adoptions and more new investors inside this industry,
unlike way back 2017 where it's more on pump and no support barrier to hold the price and not to fall that much, now, we continuously
see that each time correction takes place, momentum to bounce back is more likely to happen.

Right. I see that the price of bitcoin every year in December always declines after experiencing an increase of more than 36% throughout the year. So when there is a correction and volatility like this is actually a natural thing. In the future, I am optimistic that the positive trend of rising Bitcoin prices will return.

Bitcoin plunged more than 8% at one point on Tuesday, the biggest drop since December, ahead of the Federal Reserve's next monetary policy decision. Historically, December hasn't been a positive month for markets, and most December months end with a decline. Some of the dips we've seen have probably led to some FOMO selling. However, we'll be fighting back. We can't compare 2017 to 2021, but keep patience. Not yet, at least. I see lots of resistance above Bitcoin.

[barbara44]

Bitcoin plunged more than 8% at one point on Tuesday, the biggest drop since December, ahead of the Federal Reserve's next monetary policy decision. Historically, December hasn't been a positive month for markets, and most December months end with a decline. Some of the dips we've seen have probably led to some FOMO selling. However, we'll be fighting back. We can't compare 2017 to 2021, but keep patience. Not yet, at least. I see lots of resistance above Bitcoin.

Resistance means nothing at all if the people decide to rally the price higher. I believe that we are going to have a much better situation when there is a good cause for it and people will end up buying a lot more bitcoin which will make the resistance a mute point. As we all know these resistance and support points only matter when there is a low trading volume, when people are not interested in hyped movements there is a good reason for it.

However, that doesn't change the fact that we are talking about something that is breakable and unimportant in days when people are fine hyped or it is crashing. This is why I believe not all Decembers are the same, we had 2017 December that saw is rise, we seen 2018 December that saw us drop even more after such a fall, we have no idea what kind of December it will be this year, but so far half of it is gone and it looks like it is not going to be that much movement left in it, could end this way.