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[AudraMiller]

Bitcoin price is one of the rollercoasters that many investors are just riding at the moment hoping that the price starts to go down, and dreading each drop in price as well. However, with the concern that people had when bitcoin went below the 30k USD region, it seems that they may not be out of the woods just yet. In a recent analysis that was conducted by Scott Minerd, he says that the market shows that bitcoin may drop down to a price of 15 thousand dollars in the near future. Do you think that there is weight behind this prediction?

 

[Japhnet]

This prediction was accurate. Bitcoin reach 67k dollars September or so last year and it dropped more than 50 percent over the course of a year.

 

[BullyMaguire]

Well i mean he's right and it always happen though like it was always bound to happen. If it goes up so much then it will surely goes down after a while since there's a correction going to happen.. i just wonder when is it going to go up to 60k again.. it's been many months already

 

[ektalakra]

Scott's prediction regarding bitcoin that the " market of bitcoin will drop to the price of 15 thousand dollars in the near future" was accurate. Yes, the market is quite unpredictable and fluctuate very fast, it can be at its highest on some day and can do down to a minimum on some day, but I guess Scott is quite experienced about the market and know about it very well.

 

[Wisdom01]

$15k is really far ,of it could get that range ,to be honest those big investor's would reduce the confidence they had in Bitcoin ,that's the worst price I actually dont want or pray Bitcoin get to , Bitcoin have enough potential and momentum to boost forward and not backward

 

[SpenserReed]

$15k is really far ,of it could get that range ,to be honest those big investor's would reduce the confidence they had in Bitcoin ,that's the worst price I actually dont want or pray Bitcoin get to , Bitcoin have enough potential and momentum to boost forward and not backward

I agree, even though the thread was posted almost a year ago, bitcoin could drop 50% at any time

 

[Hai1304]

BITCOIN price is decreasing in recent timesBTC price is decreasing recently it is mining around 30000 $ ~ 29800 $ so BTC price goes up and down according to the market volatility it will decrease in a certain direction and However it will not drop to the lowest possible level and I think it will deviate from the normal level that is not worrisome in terms of the decline of this digital currency.and we will have to wait for the price of BTC to not fall beyond $29,000 next time so that the economy is sustainable and stable in the long term with a high market capitalization that always remains sustainable On the benefits of a more modernized digital currency

 

[Wisdom01]

BITCOIN price is decreasing in recent timesBTC price is decreasing recently it is mining around 30000 $ ~ 29800 $ so BTC price goes up and down according to the market volatility it will decrease in a certain direction and However it will not drop to the lowest possible level and I think it will deviate from the normal level that is not worrisome in terms of the decline of this digital currency.and we will have to wait for the price of BTC to not fall beyond $29,000 next time so that the economy is sustainable and stable in the long term with a high market capitalization that always remains sustainable On the benefits of a more modernized digital currency

yes I think considering now that the volatility is high ,it's all best we take adequate precautions on the way we invest , Bitcoin is down but let's actually see the way it would grow in coming months ,I believe that towards the end of the year ,huge bullish run would definitely start ,there is really high hopes on that

 

[Niftyicon]

Well, Bitcoin dipped as low as $18k which so very near the $15k that was predicted and even the current reprieve the coin has got is being said to be the 'green' before the dipper 'red'. Anyways, with Bitcoin anything can happen but the sure thing is the fact that it will still bounce back again no matter the bottom that it tests.

 

[Wisdom01]

Well, Bitcoin dipped as low as $18k which so very near the $15k that was predicted and even the current reprieve the coin has got is being said to be the 'green' before the dipper 'red'. Anyways, with Bitcoin anything can happen but the sure thing is the fact that it will still bounce back again no matter the bottom that it tests.

that's why I had always love Bitcoin investment , I have noticed from stat that despite the bearish run it actually have the capacity to bounce back and fetch those that have invested more profit , the dipper red is actually going to happen although it might not be now

 

[crypworld]

Scott's prediction has all come true now though we have not hit 15k, we are almost there hitting the border line. I hope the crypto market would pick up soon and dip no further.

It's more than a month we are facing this crypto lockdown phase and it's like a covid lockdown, where transactions have all come to a standstill and new ventures are all on hold due to the crypto market crash.

Crypto enthusiasts are positive that very soon we would overcome this stage and the crypto industry would be back much more powerful. ​

 

[Niftyicon]

that's why I had always love Bitcoin investment , I have noticed from stat that despite the bearish run it actually have the capacity to bounce back and fetch those that have invested more profit , the dipper red is actually going to happen although it might not be now

I have to agree that Bitcoin seems to be one of the safest but better when your investment timing is right. Those who bought on the high when the coin was at its ATH are likely to be feeling frustrated in their wait for BTC to reach those heights again and those who bought at its dip to $18k are already in profits.

 

[SpenserReed]

those who bought at its dip to $18k are already in profits.

So just buy the dip and HODL?

 

[Josemendez]

Bitcoin has dropped up to this predicted percentage and we don't know if it will drop further or not . For me some of these prediction are just trial and luck and most times it doesn't come to pass. I hope to see the market recover very soon.

 

[Linkcomz]

Bitcoin price is one of the rollercoasters that many investors are just riding at the moment hoping that the price starts to go down, and dreading each drop in price as well. However, with the concern that people had when bitcoin went below the 30k USD region, it seems that they may not be out of the woods just yet. In a recent analysis that was conducted by Scott Minerd, he says that the market shows that bitcoin may drop down to a price of 15 thousand dollars in the near future. Do you think that there is weight behind this prediction?

It happened as analytically predicted

 

[Wisdom01]

I have to agree that Bitcoin seems to be one of the safest but better when your investment timing is right. Those who bought on the high when the coin was at its ATH are likely to be feeling frustrated in their wait for BTC to reach those heights again and those who bought at its dip to $18k are already in profits.

yeah those who bought the dip are in profit now , and I think it's because they really timed the time they are to buy Bitcoin ,Bitcoin is not something you invest so fast in it ,with proper timing and others the person could make a bargain out of it ,the person have to just be ready to make more investment into it

 

[vova11235]

I think that bitcoin will be so cheap until 2024, when there will be another halving of the fee for the block. Then it will rise in price again and at the same time, probably, will be able to reach the price to 100 thousand dollars. So now is the best time to buy bitcoins for long-term investors, it can bring significant profits in the long run!

 

[Wisdom01]

I think that bitcoin will be so cheap until 2024, when there will be another halving of the fee for the block. Then it will rise in price again and at the same time, probably, will be able to reach the price to 100 thousand dollars. So now is the best time to buy bitcoins for long-term investors, it can bring significant profits in the long run!

yes but in more now could be good ,it actually even seems there might be more dip coming up ,soon we should just be ready by that range 2024 will make many to have caution when investing they would not want to make loss ,so they would have to pratically take precautions

 

[Ben Kempton]

yes but in more now could be good ,it actually even seems there might be more dip coming up ,soon we should just be ready by that range 2024 will make many to have caution when investing they would not want to make loss ,so they would have to pratically take precautions

Considering the technical Analysis data, it does seem like the price could fluctuate more at anytime, despite the fact that Bitcoin has been showing some signs of resistance. I have analysed the data from RSI (Relative Strength Index) which suggests that Bitcoin is being bought a lot and it might be possible that the price might fluctuate or corrected because the RSI is above 53 in the chart below. Have a look at the red arrow in the screenshots below.

 

[vova11235]

yes but in more now could be good ,it actually even seems there might be more dip coming up ,soon we should just be ready by that range 2024 will make many to have caution when investing they would not want to make loss ,so they would have to pratically take precautions

If you look at the bitcoin price chart for the entire period of its existence, this rule works very well - after each reduction of the commission for the block twice, which occurs every 4 years, the price of bitcoin begins to rise and reaches even greater value than before. I think that this rule should remain relevant unless something extraordinary happens !!!