Quote from: Sayeds56 on Today at 12:21:08 AM

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?

It is highly unlikely that Bitcoin will go below $20k becuase Institutional support is well in tact. Technically speaking as long as Bitcoin stays above 21 Weekly Moving average, it is in Bullish zone and it is highly probable that it will break previous ATH or even can go 100K. In case it goes below 21 weekyly MA and breaks previos low of 29K then we can not predict where will be the Bottom and BTC may crash like what happened in 2018.

At the moment, the market is very healthy. And we are moving towards 100k. Bitcoin is the only asset. Everyone buys with a slight reduction. that's why I don't think bitcoin will move like 2018 this time. the main reason for this is the arrival of new people in the bitcoin and many traders are seeing a different movement this time and if we go down it can not be less than 25k.