Quote from: ibuddy122505 on Today at 12:18:24 PM

Quote from: Twinscoin2017 on Today at 12:01:24 PM

Quote from: Botnake on July 20, 2021, 09:27:14 PM

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

Bitcoin is now different from year 2018, the price is amazing it reach 60k$ and I don't believe that it will fall down below 20k$ in fact it is now start rising after it downfall up to 29k$ last week. I believe that bitcoin will rise soon and reach another ath.

Bitcoin has more support and strong resistance than any time before, comparing the 2018 with 2021 won't work out. Anyway, Does this mean bearish market finally over? From this point, BTC either go up or down. Until BTC beat the resistance $41K, don't be too comfortable. It's hard to argue any sort of bullish activity at this moment.

We shall see soon as we have good news that resulted in the pump of bitcoin, bitcoin is currently trading at $38k now, from $29k last week I think, so it's a big improvement, and this news that came out today really help bitcoin to recover. Question is, can bitcoin break the resistance? we shall see in 24 hours from the date the news about amazon was published, if it will not, then the rumor is not reliable enough to convince people to invest.