It was when tesla rejected payments through cryptocurrency. Thus, bitcoin is 4 times more volatile than the stock market. In contrast, the S&P 500 daily volatility in exact same years has been 22%. bitcoin is highly volatileīitcoin has become highly volatile in just 4 years, it is estimated 75% in just 4 years. If you are new to investing in the crypto world, or just attracted due to the substantial fall in crypto then you should know that there are a number of lessons we can take from the bitcoin crash 2021. Why is bitcoin going down? above I have discussed the first main reason for the bitcoin crash 2021, it was coin base going public with all fame and hype, becoming the mainstream, cornering all the cryptos aside. Will the bitcoin crash happen again in 2021 It means this time it should bottom at 10,000$. Well, he also said, last time when bitcoin has crashed its value was roughly around 5,000$. It “goes up like a missile and comes down like a stone.” Per his information, in 2011, 2015, 2017, and 2021 bitcoin has executed the same exact pattern following the halving. H made some assumptions on “the same old patterns time and again”. Per his statement, he assumed that he is seeing bitcoin crashing all the way down 20,000$ in near future and believes that the current market will end when it bottoms in the 10,000$-20,000$ range.
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