Topic: This price drop has occured before (Read 656 times)

What happened today I have experienced several times since I knew Bitcoin, in 2017 the price of Bitcoin skyrocketed then in 2018 drops more than 50%, and now it happens again, the drop price is more than 50% since the latest ATH in November or 6 months ago, This is a tough test for us whether Bitcoin can recover in a short time or takes a long time like 2018 to 2021.

Even in the past the Bitcoin recovered and has been recovering after its downfalls, as we know well about its actions which depend upon the demand rate. Increase in its demand rate will activate the price to go high while decrease in its demand rate will decelerate the value and may drop to lowest situations just like the current situations. So we should never forget that it will recover because we have seen it recovers.

The price drop has already occurred  last year when the china banned all the icos in their country and every traders are panicking due to drastic decrease of prices because everyone are panicking but at the end of the day, bitcoins still managed to reach $19k dollars.

It is pot unusual to happen inside crypto, thus people who are still doubt definitely could feel such depression and fall into panic selling. Hope they might change such insights and go along with the market. And then, they could find fulfillment from here.

Price fluctuation is a common character of this market. I think for 2018 world cup it occurs. I believe in near future price will increase and people will more connect with this market.      

It is true and let me describe this that it is very known to all of us that Bitcoin has been going through such situations in the past and we have seen recoveries after many down falls so this is a process depending upon the demand rate. The demand rate if improves in the upcoming days then we will see a better value in future. Besides all these things the only focus is to be on your decisions according to the conditions of the market.

Its a good explanation. I really like it. I hope everyone will read it. If anyone truly want to invest in crypto than he must get patient to be successful.Otherwise he will be panicked and will achieve nothing.

bitcoin price now is unpredictable no body knows when prices rise again. a lot of fud news come up anywhere and some btc holder makes panic selling. wayback for the last few years btc price drops down already. but if we keep on supporting bitcoin for sure it will success in the future.

Dude, it's not like people have stopped believing in a better future, regulations are being tough in many countries and this is driving people away from buying bitcoin and reducing the demand for bitcoin


years ago bitcoin was completely ignored by many governments and because of this there was no very hard regulation against bitcoin


The past is completely irrelevant and we have to be afraid because if the regulations become worse the price will never increase, we can have a situation where the price remained for many, many years low of  $10,000

You are correct friend. You need to take decision whether to sell or hold bitcoin or not. You ought not to fear about current condition, you should compare the cost in relation to future. Bitcoin is the most adequate installment now. Such price fluctuation is common in this market but soon you will smile if you have bitcoin.

the bottomline is that u must prepare yourself for the ups and downs in the chart of bitcoin because that is the dynamism in this business. this the area at which some people are watching the chart minutes by minutes in other to buy or sell

This year is totally different from the past year because now more countries are looking into the crypto currencies before they don't consider this as much.But when we compare the graphs it looks like the history repeating like happened in 2013 so this might be a good time for the investors to buy more coins.I thik the price will rise in the second half of this year.

They say that history repeats its self. Maybe this is the history of the bitcoin price that tends to go up and down in a certain span of a month. I even check the graphs and I have also notice that the bitcoin price drops mostly on the end and start of the year. But when the end the third quarter and the start of the fourth quarter the prices are gradually climbing up.  We just hope that the trend remains the same as the history repeated. It could be great if the price goes along with the historical price increase and decrease as it could be a major guide in crypto trading.

We will prepare ourselves that bitcoin price is not always on top in order not to feel depressed. In business or gamble there will be loss and winning time, as we believe bitcoin has a good future remain our loyalty and encourage those who have fears to invest again here who knows this time could be our luck.

Bitcoin has ever done so many bubbles for a long time ago, and yet at back then until now a lot of people that think Bitcoin going to be dead, and others many FUD. Yet Bitcoin comes back stronger and rise higher than before. If we analyze the chart closely It just repeating pattern.

Often I want to remain optimistic that Bitcoin will rebound and hit an enviable rise and then I force myself to reconsider that times have changed. OP, quite alright the historical graph you showed but also remember that then and now aren't the same. At that time there were very few cryptos in the market as against the overwhelming 1,700+ cryptos now. The attention and crave for bitcoin is now divided. I hope what I am thinking doesn't come to play here, anyway. If it does, it will be a hard time for bitcoin getting up back.

Bitcoin going through this in the past, and bitcoin always proved its capability. Bitcoin have many bad news spreading about it, but bitcoin always proved them wrong, and always make a move to be the best and most trusted of all the coins. The dropping of its price now is normal, its because of its volatility. We were just in the middle of the year, there are many more months to come, and i believe that before the year ends it will reach its peak again, or even higher than before.

That graph really looks kinda similar . I really believe its just a beginning . Would  be really nice to hit 1 trillion marketcap this year . There is few other pictures over internet comparing past years and they all look almost so same , but every year marketcap got bigger and bigger .

I totaly agree , it is normal when something jumps very fast that the drop will be much faster and of course longer recovery it's needed . This is not just happening in crypto world if u look at joint stock companies the same thing is happening to them , so stay calm and dont panic

Agree with you bitcoin has been tested times and times again when everyone thought it has died it rebounds strongly and makes new ATH. the charts look similar to historical movements in the past and I strongly believe bitcoin will rebound strongly soon. Things are very different at the moment and bitcoin is just getting ready for a next massive move.

It is actually normal to when the price increases and it drops because this is what investing is if you check the stock exchange it does the same. It increases over time but also it decreases in some time but It will still recover again and do the cycle again. If you think about this, the price of bitcoin was only cents but now look how high it is which is in thousands, which we all did not expect it. There is no need to worry because many of us believe that bitcoin will increase over time and we just need to be patient and wait.

Always calm with every situation, I understand that many people who try to keep their Bitcoin strong after a sharp decline at the end of last year are very risky to go deeper after showing a remarkable rise at the time, so now people are more cautious and more eager wait until the price is cheap enough, do not worry about the future of Bitcoin getting better now, just need more people believe to achieve extraordinary price.

if you have to have confidence in the strength of bitcoin if the story does not lie these retracements have already passed and have recovered and there are signs of climbing the critomarket is noted and entry of new investors and old people who are returning again and soon get into again the whales that have great influence in the market must be vigilant from here to December and we have the price I had in the end of 2017

Hi there kryptqnick! That is an amazing chart, I could hardly see what are you pointing about. That same up and down occurs synchronously in the timeline you have specified. Some of the alts are even doing the same history and not just in bitcoin. I think alt coins price are dependent on the bitcoin swings too. I am pretty occupied this few weeks and never thought of checking the charts. I hope that chart could serve as a guide in bitcoin trading. But, I have set my goals and trade in a long-term wishing that the price will skyrocketed again on november or december.

It happened before and it will happen again.
The market is too volatile and there will be always ups and downs till it reachs a point of stability which will not happen any soon.
Whales are manipulating the market and weak hands are following and being submissive.

Hmmm then the thing makes people wondering is .... What make the pattern happened like once in 2 years ? I see it even like a random pattern at some point. Decentralization makes crypto market in an unsteady waves , the swings go down now ... And to recover it we need some time like at least a year , counted since February this time, just make your own guess now..

As much as this trend as repeated itself before in history, I see the feelings/behaviour/attitude of traders affecting the break of the bull run. With a lot of people now involved in bitcoins, having a bull run will be equivalent to making a large populace wealthy! This is somewhat hard to achieve and allowed to happen.

Its easy for us long in the bitcoin to believe on that, because we've been going through this for many years. But for new in the bitcoin, its hard for them to believe, thats why some investors are panic selling their bitcoin because of the price drops. We let them sell their bitcoin, we also buy more now because it will increase later, maybe before the year ends, and if the increase happen, i think they will learn that the dropping of the price of bitcoin is normal, because bitcoin is volatile, and when these situation happens again then they will not worry again.

From 2012,we had faced many up's and down in the bitcoin price.If you analysis the market in good manner.You will come to know onething,all the investors of certain price will get profit at the next maximum raise.To get that profit,you have to hold your bitcoin in your wallet .

FUD is the main thing that causes price drops in the crypto field not only the newbies which can trap most of the crypto currency investors.We need to understand that crypto currency is not for only earning if we change that mindset then we can stop these price falls mostly which was invented for using our money with our desired level.We can't say it is forever because still very few people using crypto currencies when comparing the world population so forever is possible only if the whole world accepts bitcoin as a currency.

it's been a long months for the cryptocurrency in this bear market.
we thought they will go to the moon but suddenly a sea of red will wave again.
are we coming with the rockets soon? or will stay here at the ocean?

no need to worry, the current situation of bitcoin that ever happened that drops more than the current price and the passage of bitcoin time will increase again, believe me

Yes, the price drop is occurs every year. It is the nature of bitcoin that the price falls down. But the price will rise up again just wait for a few months and the price will rise again. Bitcoin price repeats itself, it goes up and it falls down.

Absolutely! That is why history was there, for us to study and to avoid bad decisions that happen before. With that we should not panic and just monitor the changes to know the right time to invest, to sell and to buy. As of now Bitcoin is still leading in the market, just look to the possible alts that can be use as efficient as Bitcoin soon. Really an improve version of Bitcoin.

FUD can kill the newbie here in crypto but not all and example is me

cryptocurrency is so good even a lot of drops happen and i earn a lot here

forever is real like the conveniece here in crypto so for this is nonstop

Yes there seems to be a similarity about price movements a few years ago and then after two blocks halved the price began rising in the year two thousand and sixteen and the price continued to increase last year. What you notice every price incident increases like what happened before like a Bitcoin fork and a Bitcoin fork fork that helps Bitcoin boost its value by the end of two thousand and seventeen. There is something different now that the decline in prices involves a very strong volume drop. Also consider the fact that we have not been in a downward trend for so long, when we go down in the past, we usually recover very quickly, but at the moment we seem to experience a difficult recovery.

bitcoin story is always repeat itself, rise and fall of price is nature in this kind of currency. i think this situation will repeat year after year in order to get good profit. for now bitcoin price very low but then it will slowly rise again.

Seems like very the same as what had happen before though theres a big discrepancy on the price drop percentage,the drop happen before is very lower than what happened last december until now.

Even those just newly entered this year had experienced more since pumps and dumps happened just for six months

I think that the rising price of bitcoin is normal and certainly investors who already trust bitcoin as a place or facility in investing must have understood it, for me take advantage of opportunities if it is profitable

People who are here long time, at least 4-5 years, already have experience that price drop a lot and recovered eventually.
So, I think that btc users with such experience don't worry so much now.
They know that trend will change eventually.
I think that mostly young and inexperienced people are scared about current price drop.

I guess this is true we can say that the scenario which was happening right now is such a very normal thing for the people who have witnessed the success of this platform we can say that we should trust the process if this forum was really meant to undergo to the process, and I heard that there was a four month rule and after that it will fluctuate.

Yes, OP is entirely correct and this drops already had happen in the past. The big difference was that bitcoin hadn't reached mainstream awareness in those years, and that's why no one really talked about it. The market is just going through a normal cycle, and since bitcoin potential is intact, it should recover again, as soon as people get interested again. Retail investors already did their thing, and institutional investors have not joined yet. So basically what we have now are pure traders buying and selling crypto, and that's why we are not really going anywhere in terms of price changes. We just have these normal variations that means some traders are winnings and others are losing, but there is not real crisis going on.

drops like this are more common that people think. they happen almost every 2 years. we have some sort of a roller coaster here that is where the name and also that popular meme on reddit comes from anyways. the most important thing to have in mind is that no matter what swings happen in the short term the long term remains bullish and rising.

I believe so that this thing already occurred. That's why I'm not losing hope in our friend here, bitcoin. This is the best investment I've been through. What I meant from the best means that this is the best thing occurred in this world!

It proves that the movements in the past few days and as of now are considered as a normal movements of it. The downtrends may lead or open the way to make a better movements again in the market and it's also a preparation for the highest pump happens. Let's wait and see maybe in the next few days we can now feel the big changes occurs. There are possible bounce back awaited so keep supporting this system so in the near future we can achieve our success.

I've got to agree that the "correction" is not unique, but there's nothing more frightening than losing 60% of your investment within months. This is the way Bitcoin saying "hello" to new adopters haha. There's no reason to believe that Bitcoin will recover and make new ATH like it did in 2013-2017. It's just another hopium people used to ease with their losses. 2017 ATH was fueled by futures hype, the market was going crazy because of it. Today the futures market are still there, yet the price is back to $6K range. If there's any, what kind of development could bring Bitcoin back to $20K? I just can't think any. Maybe this is the fair price for Bitcoin.

Fluctuations are happening not just now but even before based on the graphical data presented by the author. People should consider always that by anytime of the day, btc price value could change anytime because of it's volatility. For those who had invested with bitcoin, just continue to hold your btc and need to have patience while waiting for btc to make a good recovery.

The price drop is a reflection of the negative impact of the activity on the trading floor either by deliberate act or mishap or both. The price down trend also speaks of the volatility of crypto. Whatever happens, its gonna bounce back.

Yes, I agree with the subject wherein such bearish market has been happening ever since and because of this current scenario, people should not feel so bad during the dips since we all know that bitcoin is volatile in nature. Anytime fluctuations will occur unexpectedly and the best way to deal in crisis like this, just stay calm, hodl your btc and have to patiently wait for the market to recover.

I have the same thoughts as you. It seems people are now very depressed and want to sell all they have. However, I think that is a stupid decision and hurry. If you are a longtime Bitcoin fanatic, you probably know Bitcoin has been down and up so unbelievably high. So, I believe history will repeat and Bitcoin will rise again

At first I was thinking that it the similarity of whats happening to the price of Bitcoin could be compared to the price last 2016 or 2017 but when I ulled up the chart to see if there is here it is



2016 and 2017 chart looks the same from January to June but not on 2018. But if you look and compare the price chart of BTC for 2014 and 2018 there is somewhat a resemblance, Drp of price happened on February. Compared to the price in 2016 and 2017, price is slowly picking up.

to be clear the only similarity between now and 2014 is the fact that price has gone down and will eventually start rising back up again soon. other than that there is no similarity whatsoever. this downtrend had been super fast and the recovery will also be much faster than 2014 one.

It's been a saying that the story repeat itself, so there's nothing to be worry with this downfall it will gonna bounce back very soon.

I have an opinion similar to yours, I see the decline of bitcoin currently has a similar decline process to the year 2014 ago,

for bitcoin this type of ups and downs which look more like a roller coaster is a normal thing and will remain for a long time until we reach mass adoption and a much bigger exchanges to trade on. until that day we will continue seeing this type of huge rise followed by a bubble and then a correction and a lot of panic sells.

and guess who regrets their decisions in a year from now? the panic sellers.

There is a saying that  goes what does not kill you make you stronger, this is what happening to bitcoin for  many times bitcoin struggling from bad news and destruction  bad propaganda and even from  hacking but still it strikes back and become more stronger coins. Because bitcoin  been through with these many times.

The amount of money invested in infrastructures, services and machines dedicated to bitcoin is also one fact that everyone should rely to. I think the amount of time and effort invested in bitcoin is enough to  speak about why bitcoin wouldn't go bust in the next coming years. Many people wouldn't like it and wouldn't permit it since they'll lose an important profit-maker in their lives. It can crash as hard as it could but always remember, it wouldn't get there if not for people who pushed it hard in the first place, and think of the industries relying on the coin's performance over time, so yeah, fear-mongering and FUD will remain as is since bitcoin is here to stay.

Great work on the research on how you breakdown the difference between 2013-2015 and 2017-2018. I hope everyone will see this and never make a negative news about bitcoin since we already experience it. We all know 20k usd are hard to get for now but eventually maybe we will experience it again. We should trust the future of crypto.

The current bitcoin price drop is not unusual, it had happened before, but after that bitcoin recovered well. So, i strongly believe that bitcoin price would recover again and it may double by the end of this year.

I agree. The market is still very young. He has not yet shown his real growth. Business is just beginning to implement the technology of blockchain. Still ahead and at bitcoin, and at all cryptomarket

Crypto world will never be the same forever ,there will always be a constant change in terms of coin value as expected from its starting value. Well, for me december 2017 was one of the BTC's biggest success and I hope for more of these kind of success to come .

I think that analysis is a bit of relief for me. Although in each of the years compared there was a drop in price of bitcoin, but comparing the value from 20k to 6k and 1.2k- $250, Don't you think this price gab are too huge to be compared. Beside, the FUD rate for 2018 is much greater as compared to 2014 since most people did not know much about bitcoin.

Your analysis and these graphs are very good arguments in favor of the fact that bitcoin will certainly restore and further strengthen its position. We need to have patience and wait until the situation on the market changes. Investors should again see prospects in the bitcoin and understand that it is a reliable means for investing.

Yees you were right the volatility keeps us interested in the bitcoin investment in the hope that the price will increase again so we have to buy when the prices dumps if we want profits.we may see the price bump in the nesr future but we dont have to expect a growth lime in 2017 again.

The market can always behave unexpectedly, sometimes against the news, and we can not do anything about it. But the concept of Bitcoin is really valuable and cryptogrange makes progress in the society, then everything will be okay. And Bitcoin can move forward.

Yes, if you are student of history, you can refer back, that the price drop is not new thing, it had happened before,thou price drop of btc,  can frustrate investor,  market price of bitcoin  will soon appreciate again.

I also feel that this is a storm in a cup and that the drop in the price is just a correction from a heavily manipulated price increase in 2017. There are also a lot of good things happening on the development side with the Lightning Network and institutional capital has not even touched Bitcoin yet.

Bitcoin weathered most of the storm with the SEC investigations and also the small hack that occurred on one of the Asian exchanges and also the ban on Crypto currency advertisements on social media platforms. 

Both of these graphs looks pretty similar and if this trend continues next time also then bitcoin will go more than $200k in 2021 end and then will drop to $20k so the next time i will sell my coins at the high next time and buy back at $20k to $40k. This time I missed the opportunity of selling my coins but when the bitcoin price would reach $200k+ then I will sell most of my bitcoins as I will be able to buy those back at a low when the market will fall again.

Looking back at history it is clearly that we've seen it before and it's not new to us. Despite the struggle and trouble that bitcoin is having right now there still hope because I know that it will be able to overcome this kind of situation. Just like in the past bitcoin had shown us its ability to rise up from its fall so there's nothing to worry about the current problem. Let's just wait until bitcoin prove us again that it is worthy of our investment trust, effort and time.

So whats about world cup?is there anything this can do about this flowchart?if none stay in silence because youre not helping

If this chart says about same scenario is happing this 2018 meaning we may taste the victory and bullrun in 2019 .so theres no mery xmass and happy new year then.

But i doubt it,because if this is a occurring of what had happen in past price should be around $2,500 now and wound stay in $6k for long,am i right?

The markets are definitely cyclical, its justva matter of waiting out the storm

I agree with you, there are FUD everywhere now. But like your title says, this drop has occured before and bitcoin has survived all of it, and bitcoin become the most expensive cryptocurrency after that, in December 2017 (if i remember it correctly). For me, based on that event , i will trust bitcoin, no matter what, and will not panic when i heard bad news, fake news, or FUD. In short word, HODL.

These fluctuations of bitcoin values made this technology more fun and exciting to invest in. We all know that bitcoin value is very volatile and there's no one that can predict its future values so we understand fully that its just normal for a crypto to fluctuate that much. I'm really hoping that by next year, the crypto market will recover from this bloodbath. The best thing for us to do right now is take advantage of these huge dips by buying more discounted coins that we can surely profit in the next few years.

You made a comparison to a two chart with similar price drop but different time frame? everybody can make an assumption in Bitcoin charts though but I'm not against with you.

For now, I see no reason for Bitcoin's price to pump up but at the same time to go down either, what's happening right now is a corrections to the massive increased in December last year. No matter how professional you are when it comes to cryptocurrency's market you are nothing .

The market can always behave unexpectedly, sometimes contrary to the news, and we can do nothing about it.But if the idea of bitcoin is really valuable and cryptocurrency brings progress to society, then everything will be fine.

i think peoples who spread FUD doesn't know about bitcoin price history. Their shallow knowledge about bitcoin is only worsening the community.
i believe that bitcoin price will be skyrocketing after the falling of bitcoin, lets see 2019 value of bitcoin.

As we have noticed, based on the graph that bitcoin will be much lower than we think it can be drop as low as it can be but after it's down trend we will expect the better movements occurred which is performing highest pump. Thru this graph I recognize that even if it's in a long period of dip we don't need to loose hope and panic because after this difficulties there will a much better one to that are going to happen which is possible experiencing bull run.

Yes, that is true mate. I think we have already seen this price drop last march 2018 and same thing will happen after this, believe me, market price will initiate another bullrun and bitcoin marketprice would hit 10K$ to 15K$ this month of July. Hoping it will continuously rise soon.

Well, this information can proves that the movements of bitcoin in the past few weeks are typically normal flow of it's system. The long period of downtrends are maybe preparing for upcoming  highest pump and not preparing to it's end. As we can saw in the graph that bitcoin can be much lower or drop in any lower value but never been push in it's end. After it's downfall we can see again its better movements so don't loose hope because for sure that in the next few days it will pump again.

There are alot  of positive news about crypto currency.  I believe alot of people are buying the will moon again

get your finger crossed and look. it will surely rise up again and those that waited for the success of it will gain it.  it is not the first time that price in investment wil drop. even the price of crude oil went down before it later came up. i am very sure and optimistic that bitcoin will rise again.

Agreed. This is NOT 2014. I was around then...people LOVE blockchain now and the fear of BTC continues to lessen. It still has a ways to go, but this is NOT 2014

Definitely right, in what we are experiencing now which is long period of downfall I believe that this is only a normal flow of this system and nothing to be worried about it because for sure it will rising up again until it reach it's full recovery. However, we need to have more patience and still believe to this system therefore we don't even felt panicking and nervous. Be calm so we can still see our success in the end of the road. Let's keep supporting this system and for sure we will be much successful in the future.

comparing 2013 to 2017 spike is lazy trend anal

the 2013 rise happened due to asics hitting the hashrate/difficulty in october 2013 and thus increasing the cost of mining and thus caused a price surge.
the 2014 crash was due to mtgox

the 2017 spike had NO value reason
(speculation says it was due to tether issues)
(speculation says it was due to the ASIC manufacturers only accepting BCH)
     which caused FIAT buyers to buy BTC on the BTC-USD market(price rise) and then swap btc for bch.
     thus keeping BTC supply away from the BTC-USD market.
     because ASIC manufacturers didnt use BTC-USD to cash out but used tether to get funds out of western exchanges
the 2018 correction was just that. a correction not a crash

the 2017 spike should not have occured as it was not based on any valued reason but based on speculation of financial arbitrage

that said. the currnt ~$6000+ is back down to the VALUED bottom as it should be before the december speculation event.

interesting points to make. dont just look at charts and treat old events as something that will repeat (trend anals)
instead look at logical VALUED reasons(technical reasons) which cannot be learned via drawing lines on a price chart or copying historic price data.

Hint. check out the hashrate and do maths on mining costs and you will see a good guideline of underlying intrinsic value to base when the price should move due t value. and to check if volitile large movements are due to increase of cost. or just speculation/emotion. to work out if its a stable growth that will remain or something that will spike and correct

Very nice explanation and I am fully agreed with you. I hope the price drop will also happen in future. If there is no price drop, price rising will be valueless. And thus there will be not profitability from bitcoin. So I prefer price drop and thus price will rise to make some profit also.

Bitcoin does not become a long-term trusted store of value. It’s a revolutionary new technology that is already changing the way that money is perceived and used. Last year’s soaring Bitcoin prices led to a huge speculation frenzy.  And the first crash we’ll take a look at in this article is the meltdown of April 2013. So don’t panic , it I s a nature of bitcoin.

It has been occured before but what makes me think that there is something different now is the fact that the price drop involves a very strong volume decrease.
Also consider the fact that we have never been in so long down-trend, when we went down in the past we usually recovered real quick, but at the moment we seem to be having hard time recovering.

I think that in order to get out from this situation we need to gain hype again, and we need to do that by releasing a new future in the Lightning network or by gaining an acceptance from a major country- it will make people feel safer to invest in bitcoin.

There it goes.
Very nice explanation to keep those who panic calmed down for a bit.
I hope they are reading this also. The graphs tells it all even if you are so tired of reading you can just look at the picture.

FUD's won't stop but it doesnt mean we have to go with the flow of them. Instead, make it as booster to see if it is legitimate. Make your own research and find out the true history of bitcoin before clicking that sell button.  

$1 to $10,000 in 9 years is Super-HYIP.

You are right buddy.You have to take decision.Whether to inverse in bitoin or not.You should not fear about current situation,you should analysis the price in future aspects.Bitcoin is the most acceptable payment now.I had brought some bitcoin at the price 19,000$.Holding is the only option to eliminate loss at crisis I had to save my money in Bitoin.

World Cup 2018! Thats it

It looks like there is similarity about the movement price past years ago and then after the block halving the price start increasing in 2016 and the price is steadily rising last year. What I notice every event the price increases like what happened before like bitcoin cash hard fork and bitcoin gold fork which help bitcoin to increase its value until the end of 2017. Now the price is starting to decrease back again and according to the chart, it is the same as what happened in the past. So, I think we will see a huge price increase again after block halving in May 2020 and after this event expects for the price will burst increase again.

However, I'm looking for other reasons for bitcoin that can reach the $10k above again, news can help a little bit, but there's no reason that I think bitcoin can rise again to $10k above. I hope that these coming months we see more event that could help bitcoin to increase its value I don't honestly believe on other prediction, but some other said bitcoin can be double its value before the end of this year, let's see their own prediction because sometimes it happens.

I agree with the statements given by you.  Definitely bitcoin has witnessed great volatility.  It has already fell from the high sky to the earth. 
It is natural that at the recessionary time every thing seems to be negative.  Rumors are spread here and there.  No positive news is received in such circumstances.  Even few positive are also neglected in favor of negative.
Future is uncertain.  We can not predict what will happen in future.  We have no reason to say that it will not again touch it's previous heights.  I am hopeful that if it is having real value in itself why it will not again touch and even cross its previous heights.

For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.

But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.

So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.