Post
Topic
Board Bitcoin Discussion
Re: How bad will the bear market of 2021 get? How low will BTC go?
by
7788bitcoin
on 25/01/2021, 09:21:18 UTC
keep in mind the increment this time looks like a big bubble. and you know what awaits. corrections or even changing trends are normal this year. I personally believe that at that time bitcoin will experience a big fall. 10k is not impossible, because in 2018 bitcoin fell to 5x. and imagine if there is a repeat, maybe bitcoin could fall below 10k.
Every rally in bitcoin looks like a big bubble, in the past rallies some of the wallet street investors were comparing the bitcoin rally to the tulip mania which means that the price of bitcoin will not ever rise again, but by now they have a clear understanding that they were wrong in judging the bitcoin market and so is the reason you see many institutional investors and businesses including bitcoin in their portfolio or in their business.

The fall might be big and i wont be surprised if the valuation goes below $10k, i was not fortunate enough to invest more like i wanted last year due to obvious reasons and next time around i will not miss the opportunity.