Topic: Bitcoin back to $ 10,000? (Read 879 times)
I think this is impossible. Bitcoin never returns back to dip price it tested in former rallies. I would expect bitcoin to drop somewhere around 25000 maybe but not anything below that level. Bitcoin is very popular all around the world now so noone would allow it drop that levels anymore.
I think this is impossible. Bitcoin never returns back to dip price it tested in former rallies. I would expect bitcoin to drop somewhere around 25000 maybe but not anything below that level. Bitcoin is very popular all around the world now so noone would allow it drop that levels anymore.
No, it's never impossible, just look what happen before, if we are in the same situation last 2017 where its bull run and bitcoin reach close to $20k and we are ask if it could dump below $4k, of course the answer is impossible, but it did happen, bitcoin dump that low, therefore the possibility is always present.
Just a sample.
$20k to $4k./.. 20% of its ATH
$60k to $10k 16.67% of its ATH.
The figure is not far.
With many institutions investing in Bitcoin and many merchants starting to accept Bitcoin payments. And there is much more positive news
regarding Bitcoin, I am sure Bitcoin will not fall back to the price of $ 10k for at least this year. Even from March until now Bitcoin has always
been above the price of $ 50k, this shows the price of Bitcoin which has a very strong support price of $ 50k. So it is very safe in my opinion
investing in Bitcoin this year, but just in case there is nothing wrong with using the stop-loss feature. So if the Bitcoin price suddenly drops
drastically we will not experience big losses.
regarding Bitcoin, I am sure Bitcoin will not fall back to the price of $ 10k for at least this year. Even from March until now Bitcoin has always
been above the price of $ 50k, this shows the price of Bitcoin which has a very strong support price of $ 50k. So it is very safe in my opinion
investing in Bitcoin this year, but just in case there is nothing wrong with using the stop-loss feature. So if the Bitcoin price suddenly drops
drastically we will not experience big losses.
I don't believe bitcoin can go down to 10K, but still possible. 10K is the worst scenario of Bitcoin.
Everything is possible, but if we consider the current situation in Bitcoin, it is unlikely to go below $10,000. The crypto market and its users are already mature enough, it is not the same as the previous seasons. Now Bitcoin is legal in many countries, at least it can be a digital asset. Also, many popular people and big companies try their luck as well in the crypto market. So, it is a strong signal that crypto market changes a bit, then the ATL maybe not the same scheme as before. 
What threshold will bitcoin go down this year?
Actually, I don't believe bitcoin can go down to 10K, but still possible. 10K is the worst scenario of Bitcoin. And I don't happy if Bitcoin down to $10K because institutions will buy a huge bag and will make Bitcoin centralized, This year is year of determination, is Bitcoin will still decentralized or become half centralized
The market value of Bitcoin is now at a good level. Bitcoin prices will continue to rise day by day. In a few days, the price of Bitcoin will go down, but gradually it will continue to run towards a large amount. But if Bitcoin starts to drop, I don't think its price will come down below 30k anymore.
It will be very unfortunate if this really happens, some strong hands and institution support this Bitcoin rally.
As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
very correct view from you, the trust that we have should not be influenced by anyone. If we believe that this year is the year of increasing bitcoin, then what we have entrusted us must continue to do. holding bitcoin at this point is the best choice of all options. because the correction made by bitcoin is only temporary and will bounce back. keep your spirit up to maintain it. As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
Not that they are stupid, they can dump by manipulating the price while they can still consider it as a good opportunity for them to accumulate, that's what whales do, they make opportunity in any market situation, while most of us panic during the dump.
Panic during dump is a quick way to lose money if we've bought crypto for a high price. That's why long-term investing is so much better than day trading. One good way to secure capital is through cut loss. This is recommended during a market dump or during a market correction and waiting for another buying moment. Day trader should know when is the right time to cut loss and buy back.Idk.
If we look at the history of the last halving in May 2020 when bitcoin was under the price of $10k until the end of July, it didn't stop the miners from doing their activities. I don't think 10k will make them still profitable at least until the next halving on 2024.
Nothing can stop miners' activity unless bitcoin become worthless. As long as bitcoin has a price, then I think there will always be miner even though the number of miner will decrease at this time. If we look at the history of the last halving in May 2020 when bitcoin was under the price of $10k until the end of July, it didn't stop the miners from doing their activities. I don't think 10k will make them still profitable at least until the next halving on 2024.
is a BTC at 10k still profitable for miners ?
Idk.If we look at the history of the last halving in May 2020 when bitcoin was under the price of $10k until the end of July, it didn't stop the miners from doing their activities. I don't think 10k will make them still profitable at least until the next halving on 2024.
It will be very unfortunate if this really happens, some strong hands and institution support this Bitcoin rally.
As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
And as long as these new investors now don't get stupid to get panic and dump their Bitcoin, it definitely we will never go back there. As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
To see the market sentiment, I'm too confident that it never reaches back to $10k again.
And as I look into the chart posted above, this helps us to have some insight of what possible the price we are going to expect even the huge dump to come again. And that might happen we will just to experience a short time in the bearish season compared to the previous years.
Not that they are stupid, they can dump by manipulating the price while they can still consider it as a good opportunity for them to accumulate, that's what whales do, they make opportunity in any market situation, while most of us panic during the dump.
It will be very unfortunate if this really happens, some strong hands and institution support this Bitcoin rally.
As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
And as long as these new investors now don't get stupid to get panic and dump their Bitcoin, it definitely we will never go back there. As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.
So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.
To see the market sentiment, I'm too confident that it never reaches back to $10k again.
And as I look into the chart posted above, this helps us to have some insight of what possible the price we are going to expect even the huge dump to come again. And that might happen we will just to experience a short time in the bearish season compared to the previous years.
What threshold will bitcoin go down this year?
Why an open ended question with just the option to go down. Can it, yep, can it go over 6 figure usd value, yep why not. I think it will settle in around this price fluxing between 40k and 65k for awhile there will be too much buy pressure under that and touch sell pressure above that I think. But hell I've never been right with my predictions so I guess carry on lol.
What threshold will bitcoin go down this year?
Why an open ended question with just the option to go down. Can it, yep, can it go over 6 figure usd value, yep why not. I think it will settle in around this price fluxing between 40k and 65k for awhile there will be too much buy pressure under that and touch sell pressure above that I think. But hell I've never been right with my predictions so I guess carry on lol.
What threshold will bitcoin go down this year?
It is possible to see bitcoin at 10,000$ but It is very unlikely to happen because the demand for bitcoin was so high so even though the bull is already over there are a lot of people that are holding bitcoin just for long term gain so that market price will surely sustain. If the market price drop a lot of investors is going to buy bitcoin lower than 50k$ market price is already a good buying number in the market price of bitcoin so I don't think it is going to go below 20k$ at all around 30k$ is where it will drop if the bull run is already over. It's a little different than before we might not even see this bull run end because I think a lot of people are interested in bitcoin these days I can only imagine a 30% drop at this rate.
Crypto asset or cryptocurrency, Bitcoin, is loved by many people amid the Covid-19 pandemic.
Not without reason, since the beginning of this year Bitcoin has shown a strengthening trend which tends to be stable.
However, not a few people are also worried about the potential drop in cryptocurrency, as happened in 2018.
By looking at the trend of Bitcoin movement in recent times, the phenomenal drop in cryptocurrency prices in 2018 will not be repeated this year, nor the years to come.
I think Bitcoin prices are better than 2017-2018
Not without reason, since the beginning of this year Bitcoin has shown a strengthening trend which tends to be stable.
However, not a few people are also worried about the potential drop in cryptocurrency, as happened in 2018.
By looking at the trend of Bitcoin movement in recent times, the phenomenal drop in cryptocurrency prices in 2018 will not be repeated this year, nor the years to come.
I think Bitcoin prices are better than 2017-2018
Here is ATL each year from 2012-2020
Year Price
2012 $4.00
2013 $65.00
2014 $200.00
2015 $185.00
2016 $365.00
2017 $780.00
2018 $3,200.00
2019 $3,400.00
2020 $3,780.00
2021
I have two predictions...
2021 $7,786.00 <----- average of ATL since 2014
2021 $14,477.40 <----- average of ATL since 2012
Year Price
2012 $4.00
2013 $65.00
2014 $200.00
2015 $185.00
2016 $365.00
2017 $780.00
2018 $3,200.00
2019 $3,400.00
2020 $3,780.00
2021
I have two predictions...
2021 $7,786.00 <----- average of ATL since 2014
2021 $14,477.40 <----- average of ATL since 2012
You stole that prediction out of my brain! How did you do that?
Well simple formula
sum of (average of ATL change from 2012-2020) x ATL of 2020 = $14,477.40
sum of (average of ATL change from 2014-2020) x ATL of 2020 = $7,786.00
Why two? well $4 to $65 is a hell of a jump 1625%
I will definitely consider the 2nd prediction because it makes more sense to me: 2021 $14,477.40 <--- an average of ATL since 2012. even though I don't actually believe the 2nd prediction will happen in 2021. Perhaps, the year 2022 is more likely to happen. This year 2021, the bitcoin market is still bullish and it doesn't seem like the bitcoin bullish market is going to stop any time soon due to huge "COVID-19 Stimulus Packages" from the government
Prices do not go straight line in all types of trend, when the trend is bullish; there are higher lows and higher highs but if the trend is bearish then expect a lower lows and lower highs. There are now a lot of signs that anytime we will enter in bearish market, for me it is normal becuase it is the characteristic of the market wherein there is a market cycle where it is not always bullish. Expect a lot of major breakdowns and I do not want to say this but there is a high chance that the market will become red in this following weeks and months. For me get ready for the shorting because price of bitcoin may decrese due to the negative market sentiments.
No one can say for sure what will happen in the future. The Bitcoin price may seem high at the moment, but it may look like a good price to enter in a few months or a year. Imagine what the current price will look like when Bitcoin is at 100k levels. I'm sure many will regret not buying it before. Just as many regret about past times but it never occurred to them to buy when bitcoin broke 20k earlier this year.
Personally, I love that famous saying: The best time to buy bitcoin was "yesterday" and the second best is "today"!
Base on my technical analysis on bitcoin market it seems that it shouldn't goes down at that point which it will only have a value of $10,000. It may have a price correction of lower than $40,000 but not that lowest. I didn't also know what might be the threshold that might cause bitcoin to be in that lowest, but to be honest, there are some of us or prospective investors of bitcoin that are also waiting for this bearish market.
What threshold will bitcoin go down this year?
If bitcoin won't go down so bad this year, we won't see $10k price because more adoptions happening today due to uprising demand. $20k-$30k will become the very cheap price before we will experience another ATH that could bounce at maximum $100k. Our patience will be tested on this certain situations, but with determination and courage we will be able to survive until our goals will be meet perfectly.
Moreover, with the support of @elonmusk and its teslanya company that buy up bitcoin for investment, it has stimulated many companies to participate so that the price of bitcoin has increased. if there is a decrease every time bitcoin does it to get to a new increase. so there is no need to worry if bitcoin decreases and remains at a reasonable price.
According to how the volume is seen, it is very difficult for it to fall back to $10k, the circumstances in 2017 were different from 2021, in this year many high-caliber investors have entered, we have Paypal, Mocroestrategy, Elon Musk himself buys more bitcoin despite the fact that its shares have shown a decline of more than 50%.
The same son of Peter Schiff sold all his gold and invested it in bitcoin, so if there is so much entry of Bitcoin investors, it is very difficult for it to fall to $10k, also they entered without shorting the market, which means that they are not It is interesting that the price goes down but the opposite.
In the market there are also the bearish, but looking at the price of Bitcoin so high, I think it is reasonable instead of reaching $ 10k it can reach $ 45k- $ 47k, there is a very strong resistance there, maybe they have been created pools of liquidity and resist the envestidas of the bearish.
Some news claims that this year bitcoin can hit about $100k, it is likely, but as it all goes, if it reaches $100k there may be massive sales, but once these sales occur, the price could reach new levels above the $100k. The reason is logical, the millionaires of high corporations will only take profits when they are making much more.
The same son of Peter Schiff sold all his gold and invested it in bitcoin, so if there is so much entry of Bitcoin investors, it is very difficult for it to fall to $10k, also they entered without shorting the market, which means that they are not It is interesting that the price goes down but the opposite.
In the market there are also the bearish, but looking at the price of Bitcoin so high, I think it is reasonable instead of reaching $ 10k it can reach $ 45k- $ 47k, there is a very strong resistance there, maybe they have been created pools of liquidity and resist the envestidas of the bearish.
Some news claims that this year bitcoin can hit about $100k, it is likely, but as it all goes, if it reaches $100k there may be massive sales, but once these sales occur, the price could reach new levels above the $100k. The reason is logical, the millionaires of high corporations will only take profits when they are making much more.
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