Can bitcoin fall by 50% before March 2021?

[Lagazine]

With the rate at which bitcoin grow during this festive period, its beyond expectation. I could remember that analysis of the crypto analyst says that 'Bitcoin will rise above $20,000 before the end of this year 2020' but its already $25,000+ which is far above expected margin in analysing the coin. If that happens within the pandemic period, do you see it falling by 50% between now and March 2021 for more investors to join?

 

[Eyiteepraise]

Currently to me bitcoin can't drop to that extent even if it wants to drop it won't be up to that level in the sense that if dollar continues rising bitcoin would also join in and the ones running it will try to push it's value too in Increasing thereby making it Stand out unlike other cryptocurrencies

 

[Donkiz]

With the rate at which bitcoin grow during this festive period, its beyond expectation. I could remember that analysis of the crypto analyst says that 'Bitcoin will rise above $20,000 before the end of this year 2020' but its already $25,000+ which is far above expected margin in analysing the coin. If that happens within the pandemic period, do you see it falling by 50% between now and March 2021 for more investors to join?

Truth is that nothing is casted on stone as regards to the price of bitcoin. It exceeded expectations by the way the price rose in the past few weeks, as regards to the price appreciating or depreciating I don't think that bitcoin will fall below $20k within the next 3 months.

 

[Dubai]

Well, it is possible for bitcoin to drop 50% value by end of March 2021 but it is not likely for it to happen. However, the money market if flexible and it can happen as there are many factors that influence the value of bitcoin. But 50% is too far from reality.

 

[Suba]

It is possible that the price of Bitcoin will fall by 50%, but according to my prediction the Bitcoin price will fall around February or March 2021 to around $ 16k so it will drop by about 30%, and in the following month the Bitcoin price will go up again, but for me the most important thing is how we can take advantage of this price fluctuation.

 

[Sake]

Im just waiting for that to happen so i can invest more money to it since I decided that the price is already too high for me to buy. But I do not think it will drop at 50%
I think if it drops it will be about 15-17k atleast.

 

[Oscar]

Yes I think it can but according to the market trends we are saying now the reverse may happen, the value of bitcoin is expected to increase a further 50 percent in the coming year as investors continue to pump more funds ,we may see the likely dips here and there but I'm pretty sure that 2021 will be a bullish market for bitcoin.

 

[Peterlight]

With the way bitcoin is moving I believe it will get to the extent that it will drop down to $18k and spend more than a year at that point before going back to $50k and then have a breaking point of $120k.

This is only my prediction, I do not expect any one to follow what I have written.

 

[Farhan Aslam]

With the rate at which bitcoin grow during this festive period, its beyond expectation. I could remember that analysis of the crypto analyst says that 'Bitcoin will rise above $20,000 before the end of this year 2020' but its already $25,000+ which is far above expected margin in analysing the coin. If that happens within the pandemic period, do you see it falling by 50% between now and March 2021 for more investors to join?

No, we can't say anything about it. Just as its price has gone up, so it can go down. Not good for investment at the moment. It can be invested when it has a low price. In some countries, it is not considered legal. When it becomes legal, its value will increase.

 

[Niftyyem]

I doubt that bitcoin can fall so much that it will be down by 50%. It may fall in price because that fluctuation in price is just part of what bitcoin is likewise it may also surge in price way beyond expectations.

 

[GoldenLady]

A 50% drop is definitely huge for Bitcoin, but the possibility of that happening is low.

Demand is increasing, so the law of demand and supply will ensure the price remains high.