Topic: If history repeats itself: 2023 vs 2019 (Read 915 times)
If we pay attention, many things have in common about the bitcoin price chart, what is popular is the upward trend which has occurred 3 times, namely in 2013, 2017 and 2021, those 3 years the price skyrocketed then the following year the price dropped significantly, many say that bitcoin in pump or dump whales but this is still an opinion and until now it has not been proven.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
Basing the assumption on technical analysis. I recently saw that China may change its position on cryptocurrencies. I am more confident that that could give the price a nice boost and it will go to $50K in no time than technical analysis which is probabilistic and serves rather more to try to understand the past than to predict the future.
I think they changing perspective about the cryptocurrency for like twice a month or even much more than that lol , it's a public secret that china love to twisting the story as long as it has advantage for them , pretty much opportunist at this point. 2023 should reach the highest price for 24months and also biggest crash before we heading the halving day.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
But as he suggested already, we need to break $30k first before forming a bull flag leading to $50k.
So we will see, this May is a stagnant month for us, the price didn't move up the way we supposedly predicted ($30k+). We still have 6 months to go and see whether what the OP predicted might happen or not.
If you believe history will repeat itself, bitcoin recovery and hitting $50k is possible. But everyone seems to be trying to ignore the fact that after bitcoin surged in 2019 and before the halving in May 2020, bitcoin also fell severely from $12k to $4k. If history repeats itself, bitcoin will hit $50k this year and then dump before officially entering the real bull season.
I'm certainly not forgetting what happened in 2019 and I do think if Bitcoin reaches $50K this year then price will return to at least $30K, maybe even $25K or lower, as highlighted by the fractal in the OP. Because by reaching $50K in the near future it would be with (another) parabolic run, that would end in a significant correction. Maybe not quite the black swan event that occurred in March 2020, but even without that, price corrected from around $14K to $6.5K that was already a 50%+ correction, so I see no reason why the same type of severe correction would occur if price reaches $50K.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
Basing the assumption on technical analysis. I recently saw that China may change its position on cryptocurrencies. I am more confident that that could give the price a nice boost and it will go to $50K in no time than technical analysis which is probabilistic and serves rather more to try to understand the past than to predict the future.
It might be a good boost if this is really true though, but as I have said in the past, I don't trust China with their word specially if they are going to make U-turn on Bitcoin and crypto.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
That's always been the case in Bitcoin cycles though, so far history continue to repeat itself, although the numbers might not be exactly as the last bull run. But definitely there are numbers and data that we can look and say that maybe it will happen again.
As what the OP wanted to show us in his graph, the best price at the end of the year could be $50k and that will be big entry point for the next all time high.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
But as he suggested already, we need to break $30k first before forming a bull flag leading to $50k.
So we will see, this May is a stagnant month for us, the price didn't move up the way we supposedly predicted ($30k+). We still have 6 months to go and see whether what the OP predicted might happen or not.
If you believe history will repeat itself, bitcoin recovery and hitting $50k is possible. But everyone seems to be trying to ignore the fact that after bitcoin surged in 2019 and before the halving in May 2020, bitcoin also fell severely from $12k to $4k. If history repeats itself, bitcoin will hit $50k this year and then dump before officially entering the real bull season.
I don't know what June will look like, but I will also believe that history will repeat itself. This means that this year bitcoin will recover significantly, and we will still have the opportunity to buy bitcoin cheaper than now before halving occurs.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
Basing the assumption on technical analysis. I recently saw that China may change its position on cryptocurrencies. I am more confident that that could give the price a nice boost and it will go to $50K in no time than technical analysis which is probabilistic and serves rather more to try to understand the past than to predict the future.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
There is no doubt that we are going to see a massive bull run in 2024-2025. The point of the OP is that if history will repeat itself, then we might see $50k at least for this year before the big bull run that we are expecting right after the block halving in May.
But as he suggested already, we need to break $30k first before forming a bull flag leading to $50k.
So we will see, this May is a stagnant month for us, the price didn't move up the way we supposedly predicted ($30k+). We still have 6 months to go and see whether what the OP predicted might happen or not.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
What goes up alays come down but it might keep bouncing already in the weekly chart as we see how adoption becomes massive and the scarcity of BTC after halving. Eventually price dips again after touching the peak so it will dive after hitting 50k and then back up again after few months to continue its bullrun.
I think the billrun from now on will keep going as super cycle as what they called.
if it does happen then it is a positive sign because history is indeed repeating, and we will see a bull run in 2024 to 2025,
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
but if this year Bitcoin fails to $ 50k, then I think we must also be vigilant, because it is most likely 2024 or 2025 bullish will not come either,
I don't know if this is still a mystery, what is certain is that you don't experience bad things if it happens, make sure you take the right actions.
Bitcoin can reach to 50k$ very soon but now in the year 2023 we did not have seen any rise up to 50k$ May be in coming months it happens but in my opinion it will take some times.
Increase your patience level for this year if you want to see bitcoin hit $50k even though many of us believe it will.There are 7 months in the 2023 calendar before we enter 2024, so there's definitely a lot going to happen to bitcoin in that time frame. Currently the movement for price recovery is still unclear, that's because the price of bitcoin is sideways so far.
I think this year is all about being optimistic, meaning that even though some bitcoin analysis still seems tough to hit $50k, maybe $50k will hit before the end of the year. I'll see how the market recovers gradually, so for sure I won't be in a hurry.
The price isn't showing much positivity at the moment. We saw some growth initially this year, but as the first quarter came to an end, that was the end of the growth as well and the price started getting stable and correcting itself, and we are still within the same phase.
be seeing new all time highs when bull time run or happens. What if we do only reach out $50k when the time comes? For sure lots of negative sayings would really molded on that time on which they would really be
having assumptions that it would be over for bitcoin without even trying to realize that we know that this market isnt something that would be giving out positive results or things that we do have in mind.
Basing up on the history then it cant really be just that avoided that people would really be having that kind of positive impression. You cant really be able to tell though if this one
would be the result or outcome.
Bitcoin can reach to 50k$ very soon but now in the year 2023 we did not have seen any rise up to 50k$ May be in coming months it happens but in my opinion it will take some times.
Increase your patience level for this year if you want to see bitcoin hit $50k even though many of us believe it will.There are 7 months in the 2023 calendar before we enter 2024, so there's definitely a lot going to happen to bitcoin in that time frame. Currently the movement for price recovery is still unclear, that's because the price of bitcoin is sideways so far.
I think this year is all about being optimistic, meaning that even though some bitcoin analysis still seems tough to hit $50k, maybe $50k will hit before the end of the year. I'll see how the market recovers gradually, so for sure I won't be in a hurry.
The price isn't showing much positivity at the moment. We saw some growth initially this year, but as the first quarter came to an end, that was the end of the growth as well and the price started getting stable and correcting itself, and we are still within the same phase.
Bitcoin can reach to 50k$ very soon but now in the year 2023 we did not have seen any rise up to 50k$ May be in coming months it happens but in my opinion it will take some times.
Increase your patience level for this year if you want to see bitcoin hit $50k even though many of us believe it will.There are 7 months in the 2023 calendar before we enter 2024, so there's definitely a lot going to happen to bitcoin in that time frame. Currently the movement for price recovery is still unclear, that's because the price of bitcoin is sideways so far.
I think this year is all about being optimistic, meaning that even though some bitcoin analysis still seems tough to hit $50k, maybe $50k will hit before the end of the year. I'll see how the market recovers gradually, so for sure I won't be in a hurry.
I believe that the $50,000 is very possible, especially in the last quarter of this month, but just in case it is not, the first quarter of 2024 will be the chance.
Because I believe that the Bitcoin block halving in 2024 is the biggest trigger for Bitcoin to reach again this kind of price level.
Because I believe that the Bitcoin block halving in 2024 is the biggest trigger for Bitcoin to reach again this kind of price level.
Bitcoin can reach to 50k$ very soon but now in the year 2023 we did not have seen any rise up to 50k$ May be in coming months it happens but in my opinion it will take some times.
In 2024 there is a greater chance of bitcoin to reach the 50k$ because in next year halving will take place so all those who have still hold their bitcoin will be in advantage so selling at higher price is a good way to get profit. The recent year is difficult to predict as sometimes the price is very high and other time it become down so therefore no one has the exact knowledge about the exact value of bitcoin for the future.
If we look at the chart then bitcoin often makes repeated price patterns, for example is a fantastic rising trend that occurs every 4 years then drops the following year, this of course makes it easier for us to guess the price that will occur next, of course not 100% accurate but be a big picture that the trend will continue to repeat itself.
This pattern is very obvious, but at the same time if we take a look at the previous bull runs we will notice that the strength of those trends is getting weaker and the volatility is going down as well, something that is not bad because this could attract other investors that may not like such high volatility.So it is likely that the next bull run is not going to be nowhere near as intense as the previous ones, a thing that will not affect investors too much, but it could force traders which have high goals during that particular part of the cycle to take additional risks during that period and trade shitcoins or use leverage at the time.
If we look at the chart then bitcoin often makes repeated price patterns, for example is a fantastic rising trend that occurs every 4 years then drops the following year, this of course makes it easier for us to guess the price that will occur next, of course not 100% accurate but be a big picture that the trend will continue to repeat itself.
aside from the chart, I think we should also know that the 2019 bullrun was mainly motivated with institutional investors and big investment company putting their fund massively into the cryptocurrency and also participate heavily in the developing of the ecosystem, heck even samsung are also participating in developing platform or an app for cryptocurrencies back then.
it was massive, and every companies are try ahead to make investment bigger than the other company in cryptocurrency which also cause the bitcoin price to sky rocket really high and eventually luna collapse and series of big cryptocurrency company collapse ends this bullruns.
I wonder if the history gonna repeats itself once again I wonder what kind of thing gonna motivate the next bullrun, bitcoin having bullrun again is most certainly possible but the money needs to come from somewhere.
it was massive, and every companies are try ahead to make investment bigger than the other company in cryptocurrency which also cause the bitcoin price to sky rocket really high and eventually luna collapse and series of big cryptocurrency company collapse ends this bullruns.
I wonder if the history gonna repeats itself once again I wonder what kind of thing gonna motivate the next bullrun, bitcoin having bullrun again is most certainly possible but the money needs to come from somewhere.
I think we need to start with the same analysis as the rest of the year, and the last two are mostly similar and still in 2018, 2019 and 2018. And there's no way to make any conclusion about what will end up in future periods of time, the main difference being that if you think about the future we would still consider 2018 for a bull market, even with just a little more time, that would be too small, if you look at it from the start.
So, again we'll assume that the 2018 was 2018, so I think it may not last long.
So, I'd go with the latter, in order to just compare the two in terms of a bullish market or bear market like the last two have shown.
So, again we'll assume that the 2018 was 2018, so I think it may not last long.
So, I'd go with the latter, in order to just compare the two in terms of a bullish market or bear market like the last two have shown.
Generally speaking based on the previous to bear market recoveries of 2015 and 2019, then $40K would be a relatively "fair average" to reach this year, while ending the year around $30K.
If price consolidates sideways for a year like in 2015, then we'd basically be in a range between $30K and $15K, ending the year around $30K. Whereas if price has a strong recovery to the 0.618 retracement like in 2019, the target would be around $50K, before a correction back down to around $30K. Ironically both scenarios leaves price at around $30K by the end of the year, unless something completely different occurs.
I think it is more than enough to provide proof that it is doing fine. People expect so much from bitcoin, we are nearly at the double price of the bottom, what else do you want it to be? If you really want to see it break over ATH then maybe that is not enough for you but the reality is that we are talking about something that is already going great.If price consolidates sideways for a year like in 2015, then we'd basically be in a range between $30K and $15K, ending the year around $30K. Whereas if price has a strong recovery to the 0.618 retracement like in 2019, the target would be around $50K, before a correction back down to around $30K. Ironically both scenarios leaves price at around $30K by the end of the year, unless something completely different occurs.
It's not to do with what I want to do happen, it's simply based on what I think are the possibilities that will happen. I see either $50K as likely or consolidating between $15K and $30K as a possibility. Somewhere in between would be reaching $40K before a pull-back. Sure I'd benefit from taking profit around $50K, but if there is instead consolidation until next year I'd also be more than happy with that result.
This is why I believe that we shouldn't really consider this as a problem, being in 30k is great and we should already start celebrating about it, sure if it goes higher that would make me even happier but as long as it doesn't go down anymore then I would be happy about it no matter what. This is the way we should approach it for our mental health and be happy all the time.
Personally I don't see reaching $30K as anything to celebrate, but more so that this was the likely outcome by Q2 this year, whether price reached $10K or $12K or not. Instead I'd be disappointed if we hadn't reached $30K this year, because this would suggest there is something fundamentally wrong about Bitcoin. Instead, Bitcoin has confirmed itself as a cyclical asset that isn't affected by much else apart from itself.
Generally speaking based on the previous to bear market recoveries of 2015 and 2019, then $40K would be a relatively "fair average" to reach this year, while ending the year around $30K.
If price consolidates sideways for a year like in 2015, then we'd basically be in a range between $30K and $15K, ending the year around $30K. Whereas if price has a strong recovery to the 0.618 retracement like in 2019, the target would be around $50K, before a correction back down to around $30K. Ironically both scenarios leaves price at around $30K by the end of the year, unless something completely different occurs.
I think it is more than enough to provide proof that it is doing fine. People expect so much from bitcoin, we are nearly at the double price of the bottom, what else do you want it to be? If you really want to see it break over ATH then maybe that is not enough for you but the reality is that we are talking about something that is already going great.If price consolidates sideways for a year like in 2015, then we'd basically be in a range between $30K and $15K, ending the year around $30K. Whereas if price has a strong recovery to the 0.618 retracement like in 2019, the target would be around $50K, before a correction back down to around $30K. Ironically both scenarios leaves price at around $30K by the end of the year, unless something completely different occurs.
This is why I believe that we shouldn't really consider this as a problem, being in 30k is great and we should already start celebrating about it, sure if it goes higher that would make me even happier but as long as it doesn't go down anymore then I would be happy about it no matter what. This is the way we should approach it for our mental health and be happy all the time.
Yes, in my opinion, the history of 2019 is now repeating itself, but it is unlikely to repeat itself completely. November 2021 was similar to November 2017, but December 2021 was completely different. History repeats itself to a certain point, but at some point it changes dramatically.
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