We're completely in a bear market. Same as that we're moving between 39k and $41k we'll experience between $28k and $31k for some time period. Maybe after that based on the momentum generated we'll see a change in the trend. Anyhow the second quarter of the year isn't gonna cross $50k based on the present market situation. For now it is time to hold, and experienced ones can make something out of scalping.
Definitely, there's no other way to do this time but to accumulate. We enjoyed the bull run last year, so now we should be prepared for a possible another huge dump, that's just part of the cycle, so there's nothing to worry about here. If the market gave us $20k below bitcoin price, it's still a great opportunity to buy as bitcoin never collapses completely, it's just normal volatility. 
Topic: Bitcoin 2018 vs 2022 - page 3. (Read 798 times)
We're completely in a bear market. Same as that we're moving between 39k and $41k we'll experience between $28k and $31k for some time period. Maybe after that based on the momentum generated we'll see a change in the trend. Anyhow the second quarter of the year isn't gonna cross $50k based on the present market situation. For now it is time to hold, and experienced ones can make something out of scalping.
But his price predication about 21k looks legit to me. I will not be surprised if this goes below the 20 k level. After UST and Luna crash everything seems possible to me and I also agree the famous quote "History repeat itself" is not true for crypto. I can see most of the altcoin also setting around -98%, down from its ATH and if BTC fall to 20k level all of them will go below that level too.
The first time I see this thread I almost don't agree with it but seeing the price still decays, I think I am slowly convinced by the OP. We had reached 25k recently and only a few more declines and we are now at the 21k but this seems to take some time because as we can see, the price returns to 28k again.20k is not far from 21k so it is not really that surprising and even under 20k is still possible if the bears take it more seriously. Everyone is talking about ust and luna, and they blame that two for the recent dump but I think there are still other factors that made the situation more worst like FUDs, manipulation, more negative news and so on.
Found this somewhere that compared the same year fluctuations, this is just better with graphs. Yes, the dump may not be over. The first wave upwards will be the investors who are waiting for their moment, maybe new ones who feel like this is it and purchased in a rush.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
Yeah, as much as we thought that the dump is over, maybe they are just resting, and the selloff might resume again on Monday.
On the technical side, Moving Averages still confirms that we are still in the downtrend on the weekly charts.
So we might revisit this sort of 'free-fall' area very soon. And the comparisons of chart might still hold true.
Found this somewhere that compared the same year fluctuations, this is just better with graphs. Yes, the dump may not be over. The first wave upwards will be the investors who are waiting for their moment, maybe new ones who feel like this is it and purchased in a rush.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
I believe that what we are seeing right now would probably be something that will happen only once in a while and not that frequently, so another fall is unlikely. I am not saying that it can't go lower, it can but it wouldn't be this harsh anymore, it will be a lot less, like maybe 10-20% more but that's about it.But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
The trick is that when we start to go back up, it would be hard to calculate when it will stop, and that's not going to be easy, I personally do not know when it will start to go back up, but I know it will, yet I have zero clue about when it will start to go back down again after it goes up. If you know that, you are going to profit from the future.
Found this somewhere that compared the same year fluctuations, this is just better with graphs. Yes, the dump may not be over. The first wave upwards will be the investors who are waiting for their moment, maybe new ones who feel like this is it and purchased in a rush.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
But there's a chance another dump may come for correction. The second wave upwards though could be the real deal and it will stay at a new price creating a new bottom. But whether buying now or later after another dump, both will surely be profitable.
Bitcoin 2018 vs 2022:
I have not figured it out and never anticipate the drops. Maybe not just me but I assume that many people never see its close similarity. Yeah, we could expect more drops in the coming days but we can also possibly pump. Neither the two who come first I'm sure that nobody is able to see it in advance. This is the reason why I usually do not consider the past to happen again, not even to believe history repeats itself as I was very certain the people have already changed their trust and mindset towards crypto which affects the behavior of the market.
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Bitcoin has dropped to $27k and has even touched $24k on Binance, of course this is a pain,
but the OP has provided very helpful information, and I thank you, we can see $20k will be Bitcoin's strongest support and we everyone hopes that,
but indeed if you want to take the risk, don't forget to put the stop loss and stay calm
but the OP has provided very helpful information, and I thank you, we can see $20k will be Bitcoin's strongest support and we everyone hopes that,
but indeed if you want to take the risk, don't forget to put the stop loss and stay calm
The decreased of bitcoin has caused a lot of panic to those sellers who are planning to sell their bitcoin in this month of May to improve their businesses and other things in the community. I think, it will be difficult for bitcoin price to hit $100,000 this year 2022, because the price has dropped to $27,000 that made many people to hold their coins not to experience losses from the market. I believe the price of bitcoin will not decrease more than $27,000 because the price is preparing to move back to $45,000 before the end of this month to allow people to recover from their losses they experienced from the market early this year.
In general, I may need to recalculate after reading this topic in detail, but are there seriously chances of a drop below 26k?
It already dipped to $22k on KuCoin BTC/USDC pair.
$24.5k on Binance. Not sure what are you talking about.
Great chart. Although not completely disregarding the possibility, I honestly thought a few weeks ago that it was quite impossible to get near let alone go below 35k but it did and just went lower and lower. Right now we are at 28k and about to go to lower again at 27k+. A couple of hours ago, we went as low as 26k+. This sell pressure is quite worrisome and as much as I hate it, your prediction may really happen. I just hope that when it does, a bounce will also follow to signal another bull run and not just another long term back and forth movements on several price ranges.
Bitcoin has dropped to $27k and has even touched $24k on Binance, of course this is a pain,
but the OP has provided very helpful information, and I thank you, we can see $20k will be Bitcoin's strongest support and we everyone hopes that,
but indeed if you want to take the risk, don't forget to put the stop loss and stay calm
but the OP has provided very helpful information, and I thank you, we can see $20k will be Bitcoin's strongest support and we everyone hopes that,
but indeed if you want to take the risk, don't forget to put the stop loss and stay calm
Glad you liked it. 200 Weekly Moving Average is at $21.8k and I am sure, we will touch that.
Gave you some sMerit though, haha.
This scenario in this topic started to scare me, so I hope it is not true, I still see that we did not complete the top of the cycle to talk about bear period (70%-80% correction) and therefore we test the bottom of 28k before there is a rapid rise to levels above 70k in 90 days.Gave you some sMerit though, haha.
In general, I may need to recalculate after reading this topic in detail, but are there seriously chances of a drop below 26k?
so a brief touch near 25k is in
I don't know, but it's here at 28k
40% drop right now would put Bitcoin at $20,000. That's the top of the previous cycle. Bitcoin never fell to the price level of the top of the previous cycle. Of course there's a first time for everything, but purely from the long-term trend, it is unlikely. The bottom of this cycle should be much higher than $20,000 - somewhere at $27-29,000. Maybe it will briefly touch $25,000 if there's some foreseen event that could cause such panic.
well we blew past 26k
25.3k on coin base and a few other exchanges.
so a brief touch near 25k is in
lets hope that is the bottom.
What I felt until May 2022 was worse than January to May 2018, at that time the market was still moving positively and Bitcoin only dropped around 20%, but in 2022 the price had dropped more than 50%, I only hoped that this large storm would soon end and The market can skyrocket again as happened in the end of 2021.
What happened in 2018 was much worse. But this year hasn't ended yet and maybe the worst scenario is yet to come. With the recent plummet, if we're going to compare it from how it was like stable on $40k$-45k. There's sort of 50% slashed on the price and it could really go for more.
The exciting part should come by next week and if it hasn't recovered, it will totally shake the market and kick the weaklings out of it.
What I felt until May 2022 was worse than January to May 2018, at that time the market was still moving positively and Bitcoin only dropped around 20%, but in 2022 the price had dropped more than 50%, I only hoped that this large storm would soon end and The market can skyrocket again as happened in the end of 2021.
It is not really that difficult if you have been in this position before, after all the people that bought their coins during the 2017 bull run are still having massive profits and even those that bought at the ATH back then still have a significant amount of profits, the ones that are worried are the ones for which this experience is new and that bought at prices way higher than what we are seeing now, but as long as you can hold your coins you will eventually have profits once again.
2017 is not the perfect example to give, or even saying that if you bought at the peak, you will still profit in the future. None of these matters when the prices are this low because people keep thinking I could have bought more than double the amount of bitcoins I could have bought if I just waited a bit longer and not bought when I did.Instead, you could always praise DCA, which means you could buy at 68k, but average it down to under 45k if you buy the same amount at 30k, that way you will be getting to profit quicker, instead of calming down, suggest an alternative method to do something instead of doing nothing and waiting for it to go up again.
Nice chart, glad to see a chart like this, looking also the other side. I wish I still have sMerit.
Btw, this is always possible, seems the strong support is the previous all-time-high the one before the huge bear season 2017-2018.
But we should also consider the volume we have now and the adoption of Bitcoin there are already some big players already positioned and I am also thinking if they will be able to let that happen where Bitcoin may reach some cheap price, but then again, everything is possible.
Btw, this is always possible, seems the strong support is the previous all-time-high the one before the huge bear season 2017-2018.
But we should also consider the volume we have now and the adoption of Bitcoin there are already some big players already positioned and I am also thinking if they will be able to let that happen where Bitcoin may reach some cheap price, but then again, everything is possible.
Glad you liked it. 200 Weekly Moving Average is at $21.8k and I am sure, we will touch that.
Gave you some sMerit though, haha.
The current price of bitcoin which is around $ 33k certainly surprised me, I did not think that the price continues to fall, the other side that makes me surprised is that at this time more and more countries open tenders to legalize bitcoin like Panama and the Republic of Central Africa, of course this has become a big test for us.
It is not really that difficult if you have been in this position before, after all the people that bought their coins during the 2017 bull run are still having massive profits and even those that bought at the ATH back then still have a significant amount of profits, the ones that are worried are the ones for which this experience is new and that bought at prices way higher than what we are seeing now, but as long as you can hold your coins you will eventually have profits once again.
I think this year is more like 2020 than 2018. Today's altcoin sell-off reminded me a lot of March 2020. And so far bitcoin has not dropped much yet. It's scary to imagine what will happen to the market if bitcoin drops to 20k as many are suggesting. Most likely 2022 will be different from 2018 and 2020. By the way, there is a two-year cycle of declines so far.
Nice chart, glad to see a chart like this, looking also the other side. I wish I still have sMerit.
Btw, this is always possible, seems the strong support is the previous all-time-high the one before the huge bear season 2017-2018.
But we should also consider the volume we have now and the adoption of Bitcoin there are already some big players already positioned and I am also thinking if they will be able to let that happen where Bitcoin may reach some cheap price, but then again, everything is possible.
Btw, this is always possible, seems the strong support is the previous all-time-high the one before the huge bear season 2017-2018.
But we should also consider the volume we have now and the adoption of Bitcoin there are already some big players already positioned and I am also thinking if they will be able to let that happen where Bitcoin may reach some cheap price, but then again, everything is possible.
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