Is it possible for Bitcoin price to drop to $1000?
Is there any chance of Bitcoin price dropping to $1000? What is the probability of these numbers that many of us don’t want to hear?
The probability of Bitcoin price falling to $1000
Bitcoin remained stable for a long time, then fell from $6,000 to $3,122. We have already informed you that the price of Bitcoin could drop to $ 3,000 before this drop.. See: Terrifying Bitcoin prediction from Bloomberg analyst!
According to some experts, BTC could see the same price action at these levels. It could also show up and bring the Bitcoin price down to as low as $1000.. There are also those who disagree with this view due to current trends.
The safe lime for Bitcoin is above $4,000
Historical performance cannot be a guarantee of an asset’s future performance, it can only be a reference.
In late 2018, Bitcoin’s protracted bull run lost its momentum, falling from $6,000 to $3,175 in just two months.
The longer we stay stuck in this range the more I feel like we will mirror the price action from September 20, 2018 – November 25, 2018. This is what that would look like. $BTC #Bitcoin pic.twitter.com/oaR7VTA4dk
— Financial Survivalism (@Sawcruhteez) March 2, 2019
Bitcoin $6,000 By the time it fell to level AHT ($20,000), it had lost 70% of its level.. In other words, it went for a 70% price correction.. At this point, most experts thought the bottom had not been seen yet.
Over the past 5 major price corrections, Bitcoin has reached 85% of its all-time high.
Hsaka, a cryptocurrency technical analyst, shows that BTC took time to recover from steep dips.
$BTC
We are here. pic.twitter.com/OaclTNLynl
— Hsaka (@HsakaTrades) March 2, 2019
Formerly chairman of the New York Stock Exchange Despite the protracted bear market and the emergence of many competitors with better technologies, Bitcoin has found a way to survive, Jeff Sprecher said.. For our related news, see: New York Stock Exchange CEO Will cryptocurrencies survive? He gave a very clear answer to his question
For 4 years since 205, Bitcoin price sets itself higher lows every year. If the current trend follows its historical performance, we can expect the price to stay above the 2018 low of $3,175.