The lowest level of Bitcoin Based on Historical Trends

[mohanad sy 20]

 

Well, at the beginning of 2020, we are witnessing a significant growth in the price of bitcoin on the market and is still increasing throughout the day, so we hope this will be the bull of the second bullish. The increase continues until the end of the year and becomes in 2021 at the highest price at the highest price

[magd 5231]

The next half period will be a very important event and in the worst case the price will not drop below $ 6,000. There will be a way to save the price from a sharp drop.

[Nezar 7169]

Cryptocurrencies have witnessed very large fluctuations in prices during previous years, and also during this year, prices fluctuated a lot and witnessed a significant decline in prices, and the price reached less than $ 4,000 and I think that the price will witness significant increases in prices in the future and after the half event has ended

[SuperCrypto 7193]

When Satoshi Nakamoto created Bitcoin, he wanted to create a system that would be self-sufficient which would at times simulate gold mining. Over time, mining will become more difficult and the rewards collected will slowly decrease to precisely control supply.

[CryptoMaxim 2372]

Of course we will hope so. It is a pity that we do not know before the growth whether there will still be a fall below 6.5 K. Or is this the starting point ?

[Upright 2688]

Basically the lowest price of bitcoin is kind of irrational to know that the lowest price might have been, as from the creation of the Bitcoin, the price was on the mark of $0.003 as this was the lowest I which the bitcoin has actually been. As basically the price has being going up then taken some dips and that's how it's been

[DavCrypto 298]

Yes, absolutely right, very expected to break new numbers at the end of this year, especially after the next Halfing, we are all waiting for that, it will be great.

[Thekingcallme 1975]

The lowest level of bitcoin since it rose to the price of $ 20,000 is that it fell by a very large rate towards the price of $ 3700

[teminalibug 309]

2 hours ago, Amirkhan said:

How The bitcoin have make some progress within the years and it has become the first Ranked coin in the virtual currency and this year may bring another high price record after halving. 

The progress has been slowed down buy the corona virus, we must face the truth that the halving might not bring about the results we need.

[Captain Karim 0]

This year was very special for bitcoin and traders. The price unexpectedly fell to $ 3,800, and then went back up strongly until yesterday, at nearly $ 9,400.

[Brushless4500KV 4214]

Relying on historical numbers for learning price patterns is useful but we can't relate the past to the future and assume the same events will repeat in the history. With the passage of time, the cost of buying and running mining hardware will increase because these tools are bought with fiat currencies and are affected by inflation. When the power of miners decrease, the value of bitcoin will not change the way we expect. The effect of outside factors (like economic tensions) can't be ignored too. Considering all this, it seems rather difficult for bitcoin to beat its own ATH once again.

[Magnom 0]

Studying the behavior of the market and the hiatoric of any coin is good! But why we are saying that the historic accidents will repeat themselfs!? The knowledge of people these days not like 2016 and the cryptocurrencies are much more popular now!

[Ridam 7455]

Records will be broken this year for sure, as binance has Also announced about the byc halving program but in all those last cycle it had taken time like of months so, this year time would be taken but big is happening.

[Whited35 15285]

Bitcoin halving event is going to happen in this year. I think Bitcoin price will get skyrocketed in the cryptocurrency markets after a couple of months of Bitcoin halving event due to its steady supplies in the cryptocurrency markets. 

[Virgil dijk 1431]

For me I think the lowest level of bitcoin is when it's price dropped to $4k, but bitcoin still rose after it has been down for a while , so u think bitcoin will always remain at the top , because no matter the falls of bitcoin price it will still rise again.

[pablomarwan 3082]

Yes, you are right, and with Bitcoin reducing for the fourth time this year, it will achieve record numbers, and this time it is better to have more than the value you now have. The rise will not be limited on the same day, it may take a few months to show the effect of this division

[Treat1234 0]

We believe that these halving will make it to rise higher than the other halving percentage, so we should not sell our holdings now, because it gonna rock soon

[Omar Ommeish 4872]

We all know that the price of bitcoin will increase in this period, but I think it will take time before that, and it may not increase until early next year.

[nykas 2812]

I think that Bitcoin halving is an important moment in crypto industry, so it will influence on price, but not now. I reckon price of Bitcoin will be about 20.000$ in the end of 2020. Hope that will be so

[Shaza Ahmad 1682]

I don't care when bitcoin falls because I am sure its price will increase after a while, but I definitely place stop-loss orders because everything is possible in the market and can buy at cheaper prices.

[Shivam1 428]

On 2/11/2020 at 1:15 PM, Uttom Deb said:

The lowest level of bitcoin is that they do not really understand at present what the name is or if it will be lower than the previous price.  Bitcoin has been bought by everyone at the top of the famous, it never goes down

I don't know when bitcoin level is going down because bitcoin value is always good and many people buy bitcoin so I think bitcoin value is never going in low level.

[Anik1122 5]

I believe that bitcoin is destined for a run once things calm down a little around this corona virus situation worldwide.I do think that bitcoin would have set new all time highs this year however the corona virus has taken all of the momentum out of the markets.

[CryptoMaxim 2372]

On 11.02.2020 at 09:29, hmind said:

Historically Bitcoin has found its lowest level around the third year of every Bitcoin reduction cycle (halving) that occurs every four years. In the first halving cycle in the history of this asset.

The value of Bitcoin rose by around 13,378%, then the second halving cycle increased by 12,160%. Looking at the history, how far will Bitcoin rise in this cycle? Therefore, historical precedent is a strong reason for the bullish momentum to move forward.

With this reason, it is possible that Bitcoin will experience a good price this year, or even break new records.

Thanks for the post. This is a good forecast and this year may be promising in terms of price. For example, I will keep bitcoin even if it is required until the first half of 2021.

[TimopheyKa 3900]

As we can see now, after halving. Bitcoin is holding up very well, and its price is quite stable, showing us the result of halving. I am sure that in a couple of years we will be able to observe a fairly pleasant growth, the price of bitcoin will stay very high!

[Sarahden111 1231]

The formation of ascending or descending channels can be used to determine the general trend of Bitcoin away from daily fluctuations But recently Bitcoin broke the disappointing trend from its historic $ 20,000 peak and retested it According to the analysis now, we see that Bitcoin may decline by 30 to 35% and then rise again.