Could be at $10k. Or even $5k. Heck, maybe $3k. But for sure it’s coming back up. Right now, it’s all wrapped up in the whole Trump versus Deep State drama.
Is Bitcoin gonna bounce back?
19 replies 110 views
Why do you assume that?
If we check the past 15-16 years of market history, we see the same thing happen over and over. Price goes up 40%-60% fast or moderately fast then as it runs out of "steam" it stops and there is a correction where price comes down a little like 5% or 10% or sometimes even bigger 30%. Then we enter accumulation phase before the rise begins again.
See charts to see this pattern for yourself.
Price went from $70k to $110k in ~3 months and as it ran out of juice it stopped and corrected a little down to $95k. It doesn't really need some fancy reason to do it...
although we seen a new high in recent months, its not the expected 2025 ATH yet. we have yet to see the market test the economic top for this new cycle..
but its going to be a fun ride between now and next winter
You think the conflict between Trump and the Deep state is the cause of the decline in the price of Bitcoin, sorry i disagree, it is only one of them, and does not have a significant impact, but if you say Trump policy on cryptocurrency affects the price of Bitcoin, yes i agree, it looks more dominant.
In reality, there are many factors that affect the price of Bitcoin, if you look at the fundamentals there are global economic factors, inflation, investor sentiment, ETC.
I agree with you, the price may not always rise, there must always be a phase where the price corrects, it is a normal thing.
My personal analysis, Bitcoin is currently in a sideway condition, waiting for good news to make a new ath, the support range is at $90k, as long as Bicoin has not broken out (with a body candle), the price will continue to go up and down in that range.
D4rkFalconSenior Member
Posts: 308 · Reputation: 1050
#5May 22, 2019, 07:10 AM
Will Bitcoin go back up? In the long run the answer is yes
in the short run Hmm I don't know if you take a look the daily chart or weekly chart you gonna start to notice that bitcoin price needs for some correction, and if the history do repeat itself you gonna see the 54% correction like in the 2021
and those gonna bring bitcoin back to 60K level with the max of 50K level
yield_guruFull Member
Posts: 107 · Reputation: 713
#6May 24, 2019, 12:24 PM
Yup, all the most popular cycle peak indicators are suggesting that this cycle peak is still ahead of us. But then again, it can't always be that easy. If markets were so easy to predict, we would all be billionaires by now.
There's always some element of uncertainty and people are asking themselves whether this cycle is different than the previous and maybe the bear market could start sooner than anyone expects.
Or maybe the price will do the same as in the 2021 cycle when we had a double peak with a deep nose-dive in between. I hope not.
This true. Bitcoin always breaking its ATH record no matter how hard it will dump because theres a lot of investors watching this investment opportunity that they missed out on the early stage of Bitcoin.
I doubt it will go back to 10K or below because theres already a lot of big player already have good position which I doubt they are willing to dump now.
Going back to 60K might be just a dream.
Exactly. There are too many things affecting bitcoin price these days, specially the global economic situation. Some political instability on the other side of the world doesn't even make the top 10 in that list.
Crypto Market has no effect on Trump vs. conflict. Deep State, before they react and enter into Bitcoin, from year to year Bitcoin continues to grow at the level of $100K That is a pretty dramatic change to Bitcoin, not included in speculation of the current decline in Bitcoin prices to them.
From some experts that I know and they speculate and predict the price of Bitcoin and Crypto Market is not on the current decline, even though the market is now red, it does not mean there is no good anymore Many Bitcoin users are optimistic that entering March to May the price of Bitcoin will return to the proper level, so you must be optimistic about yourself, not on Trump vs. Deep State, they are not the main role of the current situation, the main role is Bitcoin users, investors and several other factors.
If instead of trolling you would do some analysis you would know that the price of bitcoin usually rises aggressively. There was such a rise after the US elections and since then we are in a kind of sideways, which we can consider normal, and the moment there is good news the FOMO will be unleashed and the price will rise non-stop again. So we should not despair because the price has not reached $110K yet, because when it starts to rise it will probably pass that mark, and $120, and probably even $150K in the blink of an eye.
degen_2018Member
Posts: 9 · Reputation: 159
#11May 27, 2019, 08:06 AM
What is happening right now with the price of bitcoin is a distraction to prepare for price rise but weak hodlers don't understand this and they drop in fear. I think the expectation from Trump swearing for price rise was not what happened and people are losing home. The price will rise as soon as there positive news on btc. Last week, it jumped to 100k and later retraced to now 95k and now within that range for about two days. I expect gradual move up as we approach the end of first quarter of the year.
And even during the height of pandemic, Bitcoin is really not that affected, the decline is short term and overall in 2021, even if the borders are crossed we still go to a new all time high. So it means geo-politics like wars or what we are seeing right now, or global and financial issues will have an impact but it's short term only. So we should be better than thinking that Bitcoin price is not going to recover.
Remember that we are still just in the second month of the year. Maybe we are just expecting too much when Trump won the election and thought that the market will continue to go up. But that is not that case, maybe this is just one month that we might see the price in red, but the rest could be break even or prices going up and could be pushing a new all time high.
AtomicStakeFull Member
Posts: 153 · Reputation: 453
#13May 29, 2019, 08:21 AM
We have not yet seen the initial ATH expected for 2025. My initial ATH for 2025 was around $120k or so, but Bitcoin has not yet been able to get anywhere near that price. This could be because we have not received the level of support for Bitcoin from Trump that we had hoped for. The global economy and inflation could also be a factor. However, if history repeats itself, we may be able to go deeper. If you ask me if Bitcoin will go up again? I would clearly say that in the long term Bitcoin will go up, but in the short term I would prefer to remain silent. But I am not giving up.
token_2020Member
Posts: 8 · Reputation: 135
#14May 29, 2019, 11:21 AM
It may not have gotten to the $120k mark but at least we've experienced an ATH this year and you pegging Bitcoin's growth to the promises and support POTUS made during his campaign is too much of a power you're giving to Trump because frankly, Bitcoin doesn't need him to climb up.
Over the years we've seen price go lower than this but still rose back up so I don't see why this time will be any different
Bitcoin has always had a summation to an up trend and you will know that after you have seen that there's always an ATH after a period of time and so all of that happening now is just within a matter of time and I believe we see Bitcoin priced up there but then it may not be a really high and drastic one but one that may meet some expectations and may aswell beat some too but most importantly there will be an upward move later on.
It will surely go back up, the only thing that we can do now is to just wait and be more active on collecting updates or news with regards to crypto, when btc price goes down it does not mean that it will go down forever just always remember that it is decentralized or no one can control its price and how it runs in a market that is why we have a bull and bear season and this season may happens anytime.
I thought you gonna say collecting Bitcoin or crypto in general. We don't need to collect news, it will definitely come inside the market, regardless if it is positive or negative that will influence the price of Bitcoin. What's important for us is that with this every dip, we are buying and continue to stack up sats. Yes, it's decentralized, but with so many news and big players in the market, from nations to big whales and institutions, the market is bound to recover at some point.
For the bull and bear reason, they are part of the market's cycle, so right now we are still in the bull run that's why many still believes that Bitcoin will hit a top price around October or in the last quarter of the year.
stack_laserFull Member
Posts: 103 · Reputation: 310
#18May 31, 2019, 12:19 PM
Yeah a really long ride with loads of opportunities for those that can take the risk, we have seen in the data that we can expect a new all time high way into the year 2025 somewhere around June or if it comes earlier it could be March this year so sure we haven't seen the year all time price yet and we should expect alot to happen before that time and record.
The ops may have assumed alot of things in this regards and his question is somewhat direct but totally unnecessary at this point considering the level of price improvement that bitcoin have done in recent weeks, months so this short term drop shouldn't be something get worried about.
Are you saying that Bitcoin will go back to $10k or $3k ? If that is what you are saying, I don't agree with you because it will be disastrous for Bitcoin to go back to that level. If at all it happens, many people will sell at loss and move on to other sector and definitely cryptocurrency... only a handful of people will still feel the urge to buy Bitcoin. Corrections will happen in the market but it will definitely be like dumping and crashing of the market
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#20Jun 1, 2019, 01:39 AM
The ops may not mention the amount that he wants Bitcoin to get back to but from his above statement he mentioned that if Bitcoin can get back up what he is talking about could be the initial bull run that we hard in Bitcoin and how it has become a long period of resistance fight considering how Bitcoin was reaching for the sky in the late last year but still, we can be more positive in our statements, so getting back to $10k of $3k is definitely out of the speculation of any Bitcoin trader's or long term investors.
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