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Re: what would cause a 30% drop in bitcoin

Mostly macro-economic related, but the main culprit is the Tariff imposed by Trump against Canada, Mexico.

Of course, there are many more that could cause a huge 30% decline towards the price of Bitcoin. Maybe include the Bybit hacking incident. Also add the fact that many investors panicked because of the huge decline hence, the sentiment immediately changed from bullish to bearish in the short term that's why they also sold some or all of their Bitcoin that added to the downward pressure.

Quote from: peter0425 on February 24, 2025, 11:32:13 AM

Quote from: bad23 on February 23, 2025, 01:06:14 AM

What would cause bitcoin to drop 30% or more?

The bear cycle.

It is said that the bear cycle is noticed when the market drops 20% or more so if the market drops for 30% we can officially say by then that the bull run has ended and now we are in the bear cycle. During this time, it would be best to buy more bitcoins and keep holding them until the next bull run comes again

False.

What about what happened in 2021 bull run where Bitcoin went down to as low as 50% only to go up in November? So you're saying that we entered the bull run at the start of 2021, went down 50% on the same year hence the bear market started, and went into bull market again because it went up in November? That's what you're saying? Now the market is starting to recover again and currently at $88,000. Will you say it again that we are in a bear market just because we went down 20% already?