Bitcoin 2018 vs 2022 - page 5. | Bitcointalksearch.org

Kemarit

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Quote from: Nivia1st on May 08, 2022, 09:29:17 AM

if you look at it, it's like 2018 but I think it's more accurate like last year's chart. last year in the same month the price fell to 30,000 due to news about the ban on mining in china. and right now the crypto market is crashing because of the FED and war news. crashes occur because of bad news, and after the impact of the news wears off, prices start to rise again. I think this year will also be the same, if the impact of all the negative news subsides the price will rise again.

But you have to realized that there is a pattern between the two, of course it could rise again, but the question is when since we are in a bear market already.

And I do agree that the FED rate hike and the war news have a huge impact in the price and this could have a long term effect specially if the war continues late this year. So it's going to be very difficult for the price to have a good bounce this 2022.

Nivia1st

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if you look at it, it's like 2018 but I think it's more accurate like last year's chart. last year in the same month the price fell to 30,000 due to news about the ban on mining in china. and right now the crypto market is crashing because of the FED and war news. crashes occur because of bad news, and after the impact of the news wears off, prices start to rise again. I think this year will also be the same, if the impact of all the negative news subsides the price will rise again.

cryptomaniac_xxx

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Quote from: LFC_Bitcoin on May 08, 2022, 09:13:59 AM

I think firstly, we all need to concede that we are in a bear market now. Anybody still hanging on to the hope we hit $100,000 or more THIS year is a deluded moon boi. We will hit $100,000 & much higher, just not this year. As somebody who’s been through multiple bull & bear markets, what we are seeing now is expected. I think you’re right OP, we will go lower. My prediction is something like $25,000 as the absolute bottom of this cycle. $69,420 was the top, which was not a blow off top. We can predict something like $25,000 as a bottom then as no blow off top = presumably no 80% crash from $69,420.

Happy dip buying

Yeah, me as well or at least a couple of months ago thinks that we are in a bear market already. I don't want to argue with others who think that we can bounce back to $40k-$50k before the end of the year because for me it's not going to happen.

So it's better to preach buying the dip right now, maybe we can see $25k or even our previous ath of $20k in 2017 that could be the absolute bottom for me.

LFC_Bitcoin

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I think firstly, we all need to concede that we are in a bear market now. Anybody still hanging on to the hope we hit $100,000 or more THIS year is a deluded moon boi. We will hit $100,000 & much higher, just not this year. As somebody who’s been through multiple bull & bear markets, what we are seeing now is expected. I think you’re right OP, we will go lower. My prediction is something like $25,000 as the absolute bottom of this cycle. $69,420 was the top, which was not a blow off top. We can predict something like $25,000 as a bottom then as no blow off top = presumably no 80% crash from $69,420.

Happy dip buying

BitcoinHodler

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Quote from: ImThour on May 08, 2022, 06:37:14 AM

I am expecting another 40% drop in the price and will call that bottom of the cycle.

last year people drew charts comparing bitcoin in 2017 with bitcoin in 2021 and expected price to reach all kinds of high prices all above $100k.
it didn't happen.

what i'm trying to say is that history does not repeat. and these two charts don't really have that much in common either.

ImThour

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Bitcoin Bottom was at $15.4k

EDIT: Idea got well executed. Price reached $20,830. Wink

Bitcoin 2018 vs 2022:

In this chart, you can clearly see how Bitcoin fell almost 40% on every sell signal on MACD.

As you can see on the left, 2018 had 3 signals from ATH, 2 Sells and 1 Buy.
Something similar has happened now with Bitcoin: 3 Signals, 2 Sells and 1 Buy.

I am expecting another 40% drop in the price and will call that bottom of the cycle.
Let's see how it executes in upcoming weeks.

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