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[aryan4]

According to Henrich, Bitcoin's current performance is strikingly similar to that of early 2018.
She predicts that in this case, traders will target $ 6,400 by 2022, claiming to initiate another bearish trend similar to what happened in early 2018.
What do you think about this analysis in the current situation?

 

[Brain]

I'm not seeing Bitcoin falling to such extent. Even if it is to fall it might just be a little or steady decline before going back up , but passing $10k downward isn't possible

 

[Niftyicon]

The trader should have considered the number of investors and the level of awareness bitcoin has got over the space of those years to realize that such decline to that level is highly impossible.

 

[Rollerkid]

According to Henrich, Bitcoin's current performance is strikingly similar to that of early 2018.
She predicts that in this case, traders will target $ 6,400 by 2022, claiming to initiate another bearish trend similar to what happened in early 2018.
What do you think about this analysis in the current situation?

This will be quite terrible and if such a bearish market happens for real, a lot of short term investors and traders will lose greater amounts. But in normal terms l think it will be very difficult for bitcoin to come down to such price tag again.

 

[Onuels]

My thinking is that it may not drop that low but the volatility of crytos is quite unpredictable. One may think it's gonna drop the next you know, boom it shots up and you may think it's going up then it drop. But for sure it's going down at least that's what all the indices are pouting to.

 

[achawaskey]

I don't think that will be the situation this time. What we have now in bitcoin is quite different from 2018, wealthy investors are coming in unlike what is obtain in 2018.

 

[achawaskey]

Investors drive economy and when investment is the economy thrive. In this case, as far as there are more investors in bitcoin, it will continue to rise.

 

[Josemendez]

Bitcoin will surely drop ,but saying that it will drop as low as $6k is quite unacceptable , because of the number of large bitcoin owners who are holding for long

 

[Niftyicon]

Bitcoin will surely drop ,but saying that it will drop as low as $6k is quite unacceptable , because of the number of large bitcoin owners who are holding for long

I quite agree with you that the long term hodlers of bitcoin would be a force to hinder such crash. Also considering its dwindling supply, we may not see btc even in the realms of $20k again.

 

[Wisdom01]

Using past bitcoin trading analysis for the present ones don't work sometimes ,so it works in some cases and not all cases i think

 

[Josemendez]

I quite agree with you that the long term hodlers of bitcoin would be a force to hinder such crash. Also considering its dwindling supply, we may not see btc even in the realms of $20k again.

Sure. For such to happen , there need to be a lot of investors that have to sell ,and the holdlers reluctant to buy . Else , it won't reduce to such a low price