Quote from: gabbie2010 on Today at 01:02:06 PM

Quote from: Febo on January 21, 2021, 04:36:34 PM

Quote from: ourkid on January 11, 2021, 08:49:56 PM

Can BTC go down to <$5k again now?

I dont think so. I dont believe can go below $10k ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.

Bitcoin market Cap is huge and massive , it had enjoyed massive institutional adoption lately all these are the driving force of the price hence these are catalyst that will not drive the price to $5K, a lot of speculations that the price might experience a similar price action of 2017 but I disagreed with that predictions based on the fact that fundamentals which drives the price differs, now Bitcoin enjoyed massive adoption unlike before.

We cant really deny that this market had already different in terms of level of;
-Adoption
-Recognition
-Application

If we do compare back into those early years or even in 2017 then we can really tell the difference thats why some would really be
that confident on believing that the price wont really be hitting up below knowing that institutional funds had been flowing inside
but the fact that they arent involving for nothing.So anticipate for some huge sell-off.