However, things didn’t last long – since then, Bitcoin has plummeted by 17%, trending down by 17% – the biggest dip since March 2020.
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Topic: Bitcoin Falls Most Since March 2020 – What’s Next? (Read 131 times)
This aged well
What happens next?
More up, that's what!
More up, that's what!
This is a bull run that we haven't seen before, unchartered waters, very unfamiliar situations so we really can't say if the price will fall on March based on it's past historical logs. But we all know that once the market turns into a bullish, it's impossible to stop unless there's a big FUD causing investors to move out. So we will have to see how everything will pan out this March, but I'm optimistic that we might not see a huge fall, just the usual, not the 35% or more flash crash.
The price increase is still ongoing. And do not expect a fall in the near future.
Absolutely, Bitcoin is bullish as never have been before. The downward trend is not expected soon. It can dip a bit but it will not affect the general trend. When Bitcoin went down from 34k to 30k it was seemed huge but if we look at the broader picture, it was just a small dip before the price increase.Well said - very true.
I personally feel like the best way to approach bitcoin as of right now would be to let it grow, we can buy or we can stay out, or we can keep holding if we have any, but I would say any time anyone sells bitcoin, they are making a mistake right now. Of course you could have a personal need, an emergency, something related to health specially during this pandemic it makes sense, but at the end of the day we are talking about bitcoin bull movement and it hasn't stopped. So when you share a news that is 4 days old or more, and when the crash was for just few hours, it suddenly becomes old news.
The price increase is still ongoing. And do not expect a fall in the near future.
Absolutely, Bitcoin is bullish as never have been before. The downward trend is not expected soon. It can dip a bit but it will not affect the general trend. When Bitcoin went down from 34k to 30k it was seemed huge but if we look at the broader picture, it was just a small dip before the price increase.It was just a short dip and then continue to grow to hit another all time high today at $41K++. So definitely this bull run won't stop and if there is a price correction, it was felt as institutions and companies continue to buy to increase their holdings, thus pushing the price even further.
And we haven't seen a huge correction as well, just probably < 10% and then bounce back to smashes the next level barriers. So now $45K-$50K will be the next for this bull run. And I think this will be the trend, the main driver now is not the speculators but institutional investments.
The price increase is still ongoing. And do not expect a fall in the near future.
Absolutely, Bitcoin is bullish as never have been before. The downward trend is not expected soon. It can dip a bit but it will not affect the general trend. When Bitcoin went down from 34k to 30k it was seemed huge but if we look at the broader picture, it was just a small dip before the price increase.Well said - very true.
The price increase is still ongoing. And do not expect a fall in the near future.
Absolutely, Bitcoin is bullish as never have been before. The downward trend is not expected soon. It can dip a bit but it will not affect the general trend. When Bitcoin went down from 34k to 30k it was seemed huge but if we look at the broader picture, it was just a small dip before the price increase.
2020, despite all of its faults, was good for Bitcoin.
After a fairly consistent run up towards the end of last year, Bitcoin reached a new all-time high of $28,000 on the 27th of Decemeber.
Bitcoin didnt stop there - it continued to break through ATH's smashing the previous one, setting a new ATH at $34,452.08 on the 3rd of January.
However, things didn’t last long – since then, Bitcoin has plummeted by 17%, trending down by 17% – the biggest dip since March 2020.
Whats next for Bitcoin? https://bitcoinchaser.com/bitcoin-falls-most-since-march-2020/
After a fairly consistent run up towards the end of last year, Bitcoin reached a new all-time high of $28,000 on the 27th of Decemeber.
Bitcoin didnt stop there - it continued to break through ATH's smashing the previous one, setting a new ATH at $34,452.08 on the 3rd of January.
However, things didn’t last long – since then, Bitcoin has plummeted by 17%, trending down by 17% – the biggest dip since March 2020.
Whats next for Bitcoin? https://bitcoinchaser.com/bitcoin-falls-most-since-march-2020/
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