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Author Topic: Are we in 2017 again? How do you feel about the price chart today?  (Read 792 times)
bengsabeng
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December 15, 2021, 02:59:18 PM
 #121

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.
I think the price decline that occurred in mid-2021 was almost the same as the price decline that occurred at the end of 2017 or early 2018, only this year the bitcoin price recovered very quickly and resulted in bitcoin reaching ATH 2 times in one year. a very sharp price decline like early 2018 is still very possible, but of course after that the bitcoin price will recover very quickly as has happened this year.

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December 15, 2021, 08:08:27 PM
 #122

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 $30k level again. I am sure that in the future the bitcoin price will continue to experience significant increases and will set a new ATH record again.
I think the price decline that occurred in mid-2021 was almost the same as the price decline that occurred at the end of 2017 or early 2018, only this year the bitcoin price recovered very quickly and resulted in bitcoin reaching ATH 2 times in one year. a very sharp price decline like early 2018 is still very possible, but of course after that the bitcoin price will recover very quickly as has happened this year.
I think we can say the market is less volatile now than after the bull run of 2017. If the scenarios were identical, bitcoin would have already crashed right now. However, what we see is bitcoin fighting to keep above 41,000$ all the time, while hitting or surpassing 50,000$ sometimes.

Furthermore, crypto market is more mature and solid nowadays. As the number of adopters grows and the coins are split among more investors' hands, the tendency is that a 2017 scenario doesn't happen again, because it will be less vulnerable to whales manipulation.

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elisabetheva
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December 21, 2021, 07:09:26 AM
 #123

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 think I'm still optimistic when it comes to bitcoin, so far, if you look at the chart after the last ATH was formed, bitcoin has experienced a decent correction, but bitcoin has always been priced in the $45K-$60K range, it's still pretty stable and there will always be opportunities for growth. could move to reach and break through $70K, although it might be a bit difficult for the end of the year.
once again there are always surprises bitcoin can make before Christmas this year.
milewilda
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December 29, 2021, 06:12:39 PM
 #124

There is no way to forget. If you look at the voting result, most of the votes were cast in BTC 100K or more. Moreover, there is no possibility of going back to 2017. Now the market capital is much stronger position than before. So it is not possible in any way. We are just now expecting that the price of BTC would be over 100k. The current market situation is up-trending gradually probably it would be happen with Q1,2022.
When we do really tend to compare out the adoption or recognition rate then we could really tell the difference between the two and we could really presume out that it couldnt be possibly to happen
once again which i could really say that it is unlikely to happen but we shouldnt really cross out the probabilities because it could happen depending on the market demand and some sort
of manipulation or something existed that much more better than Bitcoin but we know that it couldnt happen as of these years but always mind off about the probabilities
because no one can assure on what the future looks like.

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January 10, 2022, 03:13:52 AM
 #125

There is no way to forget. If you look at the voting result, most of the votes were cast in BTC 100K or more. Moreover, there is no possibility of going back to 2017. Now the market capital is much stronger position than before. So it is not possible in any way. We are just now expecting that the price of BTC would be over 100k. The current market situation is up-trending gradually probably it would be happen with Q1,2022.
the most expected right now from bitcoin after analyzing everything that was predicted that by the end of 2021 it would be able to reach $100K finally did not happen, of course the price did not continue to fall and could even be below $40K or maybe it could reach $30K. Of course this is a fear in itself if it goes down very far, because to move up, of course it really takes time.

but now we only hope that the events of early 2021 will be the same in 2022 and the possibility that Q1 will reach an increase again can occur and ATH may re-form because with the formation of new ATH it is likely that it will continue to increase. we are waiting for something that can make bitcoin can increase and hopefully the good news continues to blow.

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January 12, 2022, 02:07:47 PM
 #126

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.
btc_angela
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January 12, 2022, 02:55:58 PM
 #127

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

But I guess its inevitable, I mean the market works in cycle, so sooner or later we are going to enter a bear market just like in 2018. And all signs are already there, the market is not decided, the volume is weak, the price is not going up.

Nevertheless, its a cycle that no one should be afraid of. Maybe it's the best time to accumulate bitcoin again as it could be very cheap.

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January 12, 2022, 02:56:39 PM
 #128

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.

Chances are still there but if we compare the past and the present we can say that by now we have solid adoption happened last year, that's why the same like 2018 incident chances is slim but we shouldn't lame around since if that case happened then we must prepare to buy since for sure this is the time where whales accumulate more bitcoins.

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January 12, 2022, 04:55:45 PM
 #129

in 2021 we feel something that happened at the end of 2017 twice in one year and I hope in 2022 we don't feel what happened in 2018. although many speculate that the price decline in 2018 will not happen again but the opportunity for a price decline like 2018 is still there because this kind of speculation will not change anything. so stay alert because we don't know when this bear market will end and there is no guarantee that prices will recover as quickly as in 2021.
But we shouldn't lose hope so quickly. There are still a lot of chance to recover the price. We should hold tightly. If we do panic sell now then it will be a worst situation. Better we should take time to recover the price again.
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January 15, 2022, 02:37:07 PM
Last edit: June 12, 2023, 12:16:23 AM by STT
 #130

Price chart right now is mostly sideways, both 2 day and 12hr averages are in the same place from being held in a range.   Till we break upwards or downwards its going to be quite boring, my guess is a break up but we'll have to see where the volume takes us on Monday.



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January 16, 2022, 04:39:45 PM
 #131

Price chart right now is mostly sideways, both 2 day and 12hr averages are in the same place from being held in a range.   Till we break upwards or downwards its going to be quite boring, my guess is a break up but we'll have to see where the volume takes us on Monday.



The weekend has been very dull that's probably indecision in the market. This can still continue on Monday, the moving average on a longtime is looking to break out but not sure when this will happen , sentiment in the market looking bullish more  by the day but it is yet to break even.
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