Post
Topic
Board Speculation
Re: What if Bitcoin drops to $15,000?
by
exstasie
on 08/01/2021, 09:04:58 UTC
Most people who think it "won't ever touch $15k again" haven't been around since the early days.  Every bull run so far has been followed by a bear market decline of a minimum of 80%

Don't be over-confident.  What goes up must come down.

Sure, but from where?

Bitcoin just crossed the 2017 ATH, and is only 2x above it. For it to crash into a bear market now would be totally unprecedented. We could go an order of magnitude higher first.

So yeah, an 80% drop from $300K? Definitely possible! But that gets you $60K, not $15K. Wink

Another data point working against you: no Bitcoin bear market has ever broken below the prior cycle's ATH. For that reason, sub-$20K is probably off the table.