[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by Chetanchooudhary123 [link]
We as you know, Investing in Cryptocurrency involves high risk and high returns, Be aware of both. It is very important to know.
According to my analysis, Bitcoin stands at very important points, If it started going down then it will be turned into a crash and If it started going up then a very strong trend can come from $42000.
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The Image is taken from Mini-invest, Bitcoin will crash in 2021 as 2018 or not
Crypto is now traded not an investment and will stay that way for a long time. The price could and probably will go all over the place but it is unlikely to go far above the recent high and it is extremely unlikely to maintain or beat a level of $40,000-$50,000 if it does. BTC won’t make its next significant high until the next halving— scheduled for 2024—and that will see us in a different world. I think bitcoin will repeat the fallback it suffered in 2017 just as the rise of that bubble has repeated.
Bitcoin is the king of Cryptocurrency. Bitcoin is trading around $35000 that’s why people are confused and asking Bitcoin will crash in 2021 as 2018. We will see that Bitcoin will crash or not.
Many people are asking me, What will happen with bitcoin, It will crash in 2021 or no?
If you also have the same question in your mind then read this article you will understand the reality.
Newcomers to the market may have been scared by today's US$12,000 move, but history says it's normal.
The price of Bitcoin was as high as US$42,000 and as low as US$30,000 in the past 48 hours.
History shows large dips are normal during periods of rapid price discovery.
News of institutional investment and government approval of blockchain technologies continues to roll in.
After scaling up to its all-time high of US$42,000 on 8 January, Bitcoin recently slid by almost US$12,000 down to just above US$30,000 in the past 48 hours – a whopping loss of 28.5% before recovering to the $35,000 mark at the time of writing. Those who have been in the market for years will understand that dips like this are normal, however, this time around the numbers involved are much larger, which may be especially frightening for newcomers.
A number of market indicators had been pointing in the direction of the flagship cryptocurrency facing some sort of pullback. The most likely explanation though is simply that many investors were looking to lock in profits after a historical ascent saw Bitcoin double in value from $20,000 to $40,000 in less than a month.
What Is Next for Bitcoin?
Pantera’s model demonstrates that the full impact of these halving events becomes evident about six months after each halving. So, for example, when Bitcoin ‘halved’ on May 11, 2020, its price was around $8,000. Six months later, BTC was trading above $15,000. By the end of the year, BTC had hit another new all-time high.
The model takes into account that there will be corrections on the longer-term road to $115K. However, in the short term, Bitcoin could be headed straight for a doozy.
Finance Magnates previously reported that a number of market analysts, including JPMorgan strategist Nikolaos Panigirtzoglou, said in a report that BTC may be at risk of lower price drops if it cannot manage to recapture $0K.
The analysts cited November of last year when Bitcoin faced $20,000 as a price barrier. In December, institutional money in December helped Bitcoin jump above the $20,000 level; but will there be enough institutional cash to help Bitcoin capture $40K?
“The recent price action shows that the trend-following traders could propagate the last week’s correction and momentum signals will naturally decay from here up till the end of March if Bitcoin’s price fails to break above $40,000,” the strategists said in the report.
So what
Bitcoin prices have largely been skyrocketing since early October 2020, rising from roughly $11,000 to more than $40,000 per token in a three-month span. Since reaching a peak on Jan. 9, bitcoin prices have meandered over the last week and a half. There was a big drop on Monday, Jan. 11, and a fairly steady climb back up during the rest of this week. Token prices nearly reached the $40,000 benchmark again before tumbling again today.
Cryptocurrencies have gained the attention of large investment firms this year, a major reason behind bitcoin's big gains in recent months. At the same time, the big names can cause sudden price drops from time to time. Today, investment firm UBS Global Wealth Management reminded investors that the bitcoin rally could end in tears. Cryptocurrencies are risky and volatile, and investors could end up losing everything they put into this unproven asset class.
"There is little in our view to stop a cryptocurrency's price from going to zero when a better-designed version is launched or if regulatory changes stifle sentiment," UBS analyst Michael Bolliger wrote.
That was enough to cause a sobering price drop that also hamstrung many stocks that had been following bitcoin upward.
Analysis
In the coming time, it will show you that what will happen? , So, If started the down then you can exit your position. However, It totally depends on you that you want to exit or not position.
If started going up then A very strong bull trend will come ( according to my technical analysis ). However, If you want to Exit your position. But, You should not Exit your position if it goes up on my recommendation.
Conclusion
This is our thinking and analysis, If you are against our opinion they you can. Because It will not be 100% true always. Invest or remove Investment depends on you.
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