Can Market again dumped like that 2018?

[Tunir Baap]

I am not an experienced trader.
 Yet the amount that the market has dumped has made history.  Where microstrategy, Tesla did not sell a bitcoin.  Then he dumps.
 Although China has banned Bitcoin.
 What is the role of China in capturing the bitcoin market?
 Will Bitcoin go down to 15/20 thousand again?
 Where there was strong support at 40,000, the support of 35,000 broke down and reached 30,000.  Although a little recovered now.
 Will BTC be able to reach the previous place or will the price be reduced this time as in 2016?

[Triple333]

Right now there is massive dumping in the cryptocurrency market.  But the market will never fall as miserably as it did in 2018.  Of course, it is difficult to predict the future of the cryptocurrency market.  Bitcoin currently has  30,000 in the market.  China is a developed country with huge population.  If cryptocurrency is not allowed here, it will definitely have a big impact on the market.  The cum market will not stay like this for very long, of course the cryptocurrency market will pump again.

[RSRS]

It is not possible to say for sure about the market. Because no one knows when the market will be. But hopefully there won’t be as much decline as in 2018.Currently, the price of Bitcoin has come down a lot There are many reasons why Bitcoin is so low, one of them being Elon mask Based on his words, cryptocurrency plays many roles in the market

[Paglamon]

If we add the price of bitcoin every week. But his potential view of Bitcoin is constantly in the same position. Bitcoin is still in the triangle. It is impossible to understand whether the price of Bitcoin will rise sharply in the future. But the price of Bitcoin bounced strongly and touched a triangle line. There are plenty of prevention measures. The first resistance is $35k. Maybe investors expect more. Then the $40k area. Bitcoin's market is very slippery. So we don't see the potential price. We are waiting for the breakout. However, I wish that 2018 does not come back again.

[Maxtel]

It is almost impossible to say how much the price of Bitcoin will increase in the future.  However, we do not want 2018 to come back again.  Bitcoin is currently in a fairly strong position.  Prices are pumping a lot from time to time.  However, it is not yet clear whether the price of Bitcoin will stop here or go down further.  Investors expect Bitcoin to stabilize between 38k and 45k.  I personally think the price of Bitcoin could rise again in the next few weeks.

[Freemind]

As I said a few days ago in one of my posts, Bitcoin should lose 83% of its last ATH ($64,863) for the loss to be the same as in 2018. If we do the calculations, Bitcoin should drop to $11,000 (approximately) to find ourselves in the same situation, and as we can see we are still far from reaching those amounts. Be patient and breathe.

[Jaya60]

There are many reasons behind Bitcoin price dumping. Many people think that Bitcoin is dumping the price of Bitcoin in China, while others say that Elon Musk has made negative comments about Bitcoin and that is why the Bitcoin price is going down. The way Bitcoin is currently dumping prices could be a crypto market like 2018. Bitcoin price is very unlikely to pump.

[DAMKAR]

As I said a few days ago in one of my posts, Bitcoin should lose 83% of its last ATH ($64,863) for the loss to be the same as in 2018. If we do the calculations, Bitcoin should drop to $11,000 (approximately) to find ourselves in the same situation, and as we can see we are still far from reaching those amounts. Be patient and breathe.

By seeing the dump of bitcoin now and seeing the chart..I agree with you mate
Keep calm and wait.
I don't think will dump like 2018.
Bitcoin will recover again and I believe bitcoin will touch new ATH again. I believe it.
I always believed bitcoin just has correction now.

[Review Master]

Yet the amount that the market has dumped has made history.  Where microstrategy, Tesla did not sell a bitcoin.  Then he dumps.
 Although China has banned Bitcoin.
 What is the role of China in capturing the bitcoin market?

We already had an history of bitcoin's dump and it's nothing compare to those. As most of the mining farm's located in China, so whenever china takes any kind of hard decision for crypto, news media starts to circulate fuds and panic users dump bitcoin and nothing else. That's the current situation and microstrategy is still accumulating more, on the other hand, tesla might sell off some bitcoins for next quarterly reports which might be the indication from elon's tweet or not, time will say. 

Will Bitcoin go down to 15/20 thousand again?

It doesn't matter whatever price will be the lowest bottom for this correction market, just accumulate more or DCA to be a diamond hand hodlers. 

Where there was strong support at 40,000, the support of 35,000 broke down and reached 30,000.  Although a little recovered now.

Like i said, fuds are circulating rapidly and that's will bear's pushing bitcoin down and those supports can't maintain because of bear's higher volume than bull's volume.

Will BTC be able to reach the previous place or will the price be reduced this time as in 2016?

Anything can be possible, but market isn't finished with the bullish rally and soon it'll rebound for another new ATH, IMHO. lets just wait and see, it'll rebound or not.

[hasyurt]

Tested 32k again this morning. If it continues like this, the market will not enter a positive mood, especially for altcoins. They do their best to get bored. It is returning from 32 thousand dollars for now, but if it breaks the prices and goes down to the 20-30 thousand range, it will be difficult to recover.

[pealr12]

I really hope it won't result to such extent, 2018 was a very dark times for the crypto community, and the market took quite some time to recover,  right now the dip still continues at intervals but it is not clear how low it will go, I really hope it won't go as bad as 2018, I believe this period btc has much support than back in 2018 so let's hope it won't get that far.

[vegasus]

There maybe. AFter this bullish season ends, the market will dump again. However, I am not sure that the dump bottom price will be like previously. I am sure that the price will be at least $10k. However right now is not the time. I am pretty sure again that the market can still face another bullish season this year. Hopefully.

[AlviNess]

I think the crypto market will go to a very bad state in the days ahead. The market, however, has already come down a lot. Yesterday I saw that the price of bitcoin has come down below 30 thousand dollars. So considering the overall aspect, it seems that the market will be dumping badly again.

[Tamsialu$$]

The Bitcoin price started to rise again after a sudden drop. But currently the price of Bitcoin is just going down.  With the dumping of bitcoin prices, the prices of all coins in the crypto market are going down. This is why the cryptocurrency market could be like 2018. Again, there are many angel investors who think that if the price of Bitcoin repeats again, then the Bitcoin price will exceed $80k.

[Zed0X]

Support around $30K is getting weaker and weaker it seems. If that breaks over the weekend, we could see BTC at around $25K. It's going to be a long consolidation period but nothing like what we had in 2018-2019. We'll probably see the bulls take over again at the last quarter or by 2022 if consolidation takes longer.