Quote from: GreatArkansas on Today at 10:16:47 AM

This time is already different compare on the previous years of Bitcoin, especially last year 2017.
I don't think so this COVID drama will affect the price of crypto market. It is already proven last year, people already learnt the lesson.
Look at the hype of Bitcoin these days, retail investors and institutions are starting to buy Bitcoin. Look what happened when Bitcoin dropped below 30k past few days, it is bouncing once it is dropping.
6-12 months may be sideways for Bitcoin, but dropping below $20,000 is kinda impossible.

In fairness it did the same bounce effect for 4-5 months after the ATH of 2017/18 @ $19k but eventually dropped back to $3.4k - 80% drop over 4-5 months. But there was a similar sideways bounce against supports.

I'm guessing this is due to the fact market will not drop 80% overnight, and even within those time periods of a general drop, there will still be buying volume and a shift in buyers/sellers to move the price both Up and Down.

I don't know. I just think after this hype dies down a little bit and the world goes back to normality things will cool off a bit. Even institutions will make their moves and then sit and wait and view performance, than simply plough more money right back in... They surely have a board and shareholders to answer to, with whom they will need to make investment decisions with... no?

I think the point about retail investors who have put money into BTC may look at it in a few months (here especially a lot of people have lost their jobs due to pandemic), so may look to call on these funds.