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Many are optimistic that the price of Bitcoin in 2022 will pass ATH that has happened, but if you look at the facts that occur in the market and more than 4 months under $ 25k it seems the highest price I want to see is $ 40k, of course if August can reach $ 30 k then the price of $ 40k can be achieved immediately.
Judging by these data, Bitcoin has received very strong support, which is in the range of $17,000 to $23,000.
In this range, 3,400,000 addresses have bought bitcoin. A total of 2.1 million bitcoins were purchased. Similar levels, only as resistance, start at $31,000 per BTC. By the way, it is near this price that the global downtrend of bitcoin takes place, which began in November last year.
There is a large congestion between $31,000 and $41,000, so even if we break global resistance, we are unlikely to be able to break through these resistance bubbles. The price will stop in this range. In order to absorb it all and move on, the market this year will not have enough strength and conviction.
In this range, 3,400,000 addresses have bought bitcoin. A total of 2.1 million bitcoins were purchased. Similar levels, only as resistance, start at $31,000 per BTC. By the way, it is near this price that the global downtrend of bitcoin takes place, which began in November last year.
There is a large congestion between $31,000 and $41,000, so even if we break global resistance, we are unlikely to be able to break through these resistance bubbles. The price will stop in this range. In order to absorb it all and move on, the market this year will not have enough strength and conviction.
Bitcoin whales are building a lot of appetite for the next market pick, with a $30k Bitcoin price on target, many Bitcoin price analysts are pointing to the uptrend movement and a rapid Bitcoin price movement in the second half of 2022. Bitcoin has faced a lot of resistance and decline position in the first half of the year 2022, note this the level of decline will always determine the level of the next price all-time high so basically $70k Bitcoin price by December 2022 will not be a bad idea though.
Recently, two main categories of investors have shown an appetite for replenishing wallets: shrimp with a balance of less than 1 bitcoin and whales with a balance of more than 10,000 bitcoins. Some use the dump to make money on a bullish correction, while others use it to accumulate in the long term. Since there are practically no tourists left in the crypto market and all investors with weak conviction capitulated, there is another category of bitcoiners that can continue to exert selling pressure - these are miners.
In the last bearish cycle, this capitulation lasted about 4 months, in this cycle it only lasts 1 month, so this may be one of the reasons that Bitcoin will continue to walk in the price range from 17k to 30k for a long time.
The probability of a price hike below or above this range is also allowed.A return to ATH or close to ATH this year is highly unlikely.
The amount of wall and support we get doesn't really matter because we could go right under there with enough bitcoins being sold and there is nothing to stop that. But that doesn't change the fact that we also do not have any kind of situation could not happen for above neither. We could have a huge wall keeping us going above a certain price and we could go right above that without trouble if there is enough money to buy bitcoin enough.
So, these support and resistance numbers only matter when we are dealing with daily trading, but when it comes to long term, they will become less and less important. And since we are talking about a whole half year, and it will be going up for sure.
So, these support and resistance numbers only matter when we are dealing with daily trading, but when it comes to long term, they will become less and less important. And since we are talking about a whole half year, and it will be going up for sure.
Yes, Bitcoins have already tortured very badly to all of us in the first half.
So atleast we expect something better at the second half.
If not the best, then atleast recover to it’s original price.
In this bear market, the whole crypto market has become red, so in the later half atleast there should be a good graph.
We need to just wait and watch. Many have already predicted that this half won’t be very bad.
We need to also show some support by buying as much Bitcoins as we can in this cheaper price.
So atleast we expect something better at the second half.
If not the best, then atleast recover to it’s original price.
In this bear market, the whole crypto market has become red, so in the later half atleast there should be a good graph.
We need to just wait and watch. Many have already predicted that this half won’t be very bad.
We need to also show some support by buying as much Bitcoins as we can in this cheaper price.
What is the original price you would like to refer to? , As of right now, the price is still around 19k$-20k$, 60% below its all-time high. The world economy is struggling and volatile assets like bitcoin will not benefit. As a prediction, I still predict the rest of the year we will continue to see new lows for bitcoin and can't wait for a market surprise. I will still focus on collecting bitcoin until the end of the year, I hope we will be better in early 2023.
We have entered the second half in 2022, of course I hope that the price of Bitcoin immediately skyrocketed, if in 2021 the price of DIP occurred last June and reaching ATH in November, then I hope the price of Bitcoin will soon reach $ 35k in July , if the price can be $ 35k then I am optimistic that in 2022 it can make new ATH.
I hope i am wrong but to me, it seems that there won't be much change in the bitcoin price action and the price may hover between 18K-30K.
Also, there is a chance that we may see a big dump towards 13K and this could be the final dump and bottom for this bear market. I don't see any chance of bitcoin recovery in the next 6 months or so.
from what I'm seeing right now I don't think bitcoin price will get to thirteen thousand (13k) as bottom before it will speed in price. From what I notice cryptocurrency market right now. Is that after the market increase phone twenty thousand (20k) to twenty one thousand (21k) which is a little movement for increment so it has to fall back to nineteen thousand (19k) so with this evidence and the movement of the market of cryptocurrency I know that maybe it have every tendency fall according to the prediction of people, Which is directly twelve thousand (12k) before it will skyrocket Also, there is a chance that we may see a big dump towards 13K and this could be the final dump and bottom for this bear market. I don't see any chance of bitcoin recovery in the next 6 months or so.
In this second half 2022 I still do believe that the Fed interest rate has a significant role to play in the price of Bitcoin. Therefore , If Fed should continue in raising the interest rate, the panic will definitely gonna drive the market and continue to put more pressure on the price of Bitcoin which might probably get us towards $12k level before we eventually gets a relief a rally, but if Fed doesn't raise rates or remain neutral then we could get a relief rally way up to $30k and then will start moving sideways once again in this second half of the year.
People need to learn to differenciate between Bitcoin and Altcoins.
OH MY GOD! This is such an awesome image, wonder why I haven't seen it before, it is 100% correct and true and every single bit of it comes from wise experience. Play on the old "weak men create hard times, hard times create strong man, strong man create easy times, easy times create weak men" and this is such a true one too. I can't believe the fact that people do not realize this is such an important problem.I mean think about it, all those peak times always have some shitcoins that go up for no good reason, people spend all their profits on shitcoins and then lose a ton of money and then complain, which makes them leave, and people like us stay and we make it go back up again for them.
What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
I hope i am wrong but to me, it seems that there won't be much change in the bitcoin price action and the price may hover between 18K-30K.
Also, there is a chance that we may see a big dump towards 13K and this could be the final dump and bottom for this bear market. I don't see any chance of bitcoin recovery in the next 6 months or so.
Just as you've said mate, there's no likely possibility for any remarkable change in the price for now, the reason being that we are now in the third quarter of the year and nothing seems visible for a change, but instead it keeps rotating round the same axis of $20k, before the end of the year maybe things could change to break forth the boundary of $20k to $40k
Am expecting $60k in this second half of 2022 because many people are tired of holding Bitcoin long just that they have other things to solve that will make them happy. It will be difficult for investors to experience $17 or $18k price again before the price will hit higher for those that bought few months ago to get ready to achieve a huge amount of profits from their investment. Since many people has used this opportunity to buy bitcoins and hold, show that the price will definitely hit $50 before December for people to fully know that we are out from bearish market to experience bullish market.
If you look at the map of whales, then just in the region of 35k there are large inflows:
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What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
I hope i am wrong but to me, it seems that there won't be much change in the bitcoin price action and the price may hover between 18K-30K.
Also, there is a chance that we may see a big dump towards 13K and this could be the final dump and bottom for this bear market. I don't see any chance of bitcoin recovery in the next 6 months or so.
People need to realise, why Bitcoin is so valuable.
It's valuable because BTC is capped at 21M coins, Bitcoin's supply can't get inflated.
Imagine in 100 years, FIAT inflation is 2 to 10 percent every year, but Bitcoin is capped.
Bitcoin can get a real alternative for gold, digital gold and a very reliable store of value. But people need to do research about Bitcoin and halving mechanism.
Satoshi did a very good job by keeping Bitcoin scarce.
Next, people need to realise, why Bitcoin crashed recently.
It was because a Shitcoin collapsed (Terra Luna).
And one more Shitcoin, too (Celsius)
NOT because Bitcoin had issues!
It was only Altcoin related but Bitcoin declined in price, too.
Completely unreasonable because Bitcoin had NO issues.
It was only Altcoin related.
People need to learn to differenciate between Bitcoin and Altcoins.
It's valuable because BTC is capped at 21M coins, Bitcoin's supply can't get inflated.
Imagine in 100 years, FIAT inflation is 2 to 10 percent every year, but Bitcoin is capped.
Bitcoin can get a real alternative for gold, digital gold and a very reliable store of value. But people need to do research about Bitcoin and halving mechanism.
Satoshi did a very good job by keeping Bitcoin scarce.
Next, people need to realise, why Bitcoin crashed recently.
It was because a Shitcoin collapsed (Terra Luna).
And one more Shitcoin, too (Celsius)
NOT because Bitcoin had issues!
It was only Altcoin related but Bitcoin declined in price, too.
Completely unreasonable because Bitcoin had NO issues.
It was only Altcoin related.
People need to learn to differenciate between Bitcoin and Altcoins.
The world situation is less stable and according to Mr. Powell's statement, the Fed will not stop raising interest rates until they see real inflation come down. This statement means that high-risk assets like stocks and cryptocurrencies will remain under a lot of pressure this year.
So the expectation of a new ATH at the end of the year is pretty far-fetched, personally I just hope bitcoin doesn't fall as deep as $9k, $10k. My expectation bitcoin will hit 40k by end november early december this year.
With the continuously bearish market we are still witnessing today, I don’t see a new ATH is coming this year. Bitcoin is still in a range of $20k-$21k and we might even see price drops after these. In general, looks like the whole 2022 is a year of fully bearished market, there might be slight recoveries but after that, the market value gradually falls down. However, these are still considered educated guesses as we all know bitcoin will always has its own way of breaking the silence and surprise us with its unpredictable price. So the expectation of a new ATH at the end of the year is pretty far-fetched, personally I just hope bitcoin doesn't fall as deep as $9k, $10k. My expectation bitcoin will hit 40k by end november early december this year.
Yes, Bitcoins have already tortured very badly to all of us in the first half.
So atleast we expect something better at the second half.
If not the best, then atleast recover to it’s original price.
In this bear market, the whole crypto market has become red, so in the later half atleast there should be a good graph.
We need to just wait and watch. Many have already predicted that this half won’t be very bad.
We need to also show some support by buying as much Bitcoins as we can in this cheaper price.
So atleast we expect something better at the second half.
If not the best, then atleast recover to it’s original price.
In this bear market, the whole crypto market has become red, so in the later half atleast there should be a good graph.
We need to just wait and watch. Many have already predicted that this half won’t be very bad.
We need to also show some support by buying as much Bitcoins as we can in this cheaper price.
What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
I hope i am wrong but to me, it seems that there won't be much change in the bitcoin price action and the price may hover between 18K-30K.
Also, there is a chance that we may see a big dump towards 13K and this could be the final dump and bottom for this bear market. I don't see any chance of bitcoin recovery in the next 6 months or so.
we have stepped at second half of the year and we are already in the second week, so anything may come from here now.
and starting the 1st day of the second week shows another green market, Bitcoin and most currencies increase 2 digits and this is a great showing of power from the investors .
but Hoping that this is not another trap before the true dumping happens any time this year.
Second half or not, anything is always possible to happen here in cryptos. It's just that the year is getting close to an end when we entered the second half so the expectations or the desire of the people is also getting stronger and also if we look on the past performance of cryptos we can see that cryptos value's are doing good starting in the second half of some years.and starting the 1st day of the second week shows another green market, Bitcoin and most currencies increase 2 digits and this is a great showing of power from the investors .
but Hoping that this is not another trap before the true dumping happens any time this year.
People then assume that similar events can repeat again especially now that they are too desperate to see a bullish market. They say that the dump we have now is calculated at 74 percent but won't you consider it as true dump? Though there might be some trap in which the price can go back again at 20 to 19k levels.
Only Putin dying and Russia ending its war with the Ukraine will stop inflation which is very unlikely.
From the first day humanity started using fiat the inflation has been caused by printing more money than you should and US has been printing trillions and trillions of USD without it being backed by anything but a false faith. The inflation you see today is because of the fact that 60% of the world economy is slowly dumping US dollar as reserve currency and all those trillions are coming back to America causing high inflation.This is not the first time US dollar gets dumped hard either. Last time was when Europe found out USD is not backed by gold as promised so they dumped it and over about 6 months the value of US dollar was halved.
But it is always easier to blame it on a conflict on the other side of the world or on a senility of the old man in oval office than to solve the actual problem.
Exactly this. The problem is a global one caused by central banks going brrrrrr.
Just like they are talking about a mild recession when they know full well everyone is going to get REKT. "Mild" is the keyword for the rich to dump their stonks and buy back in the depth of the recession.
Fuel prices high in the US when the US doesn't even use Russian gas, yet still call it a Putin price hike.
Games are being played...
Only Putin dying and Russia ending its war with the Ukraine will stop inflation which is very unlikely.
From the first day humanity started using fiat the inflation has been caused by printing more money than you should and US has been printing trillions and trillions of USD without it being backed by anything but a false faith. The inflation you see today is because of the fact that 60% of the world economy is slowly dumping US dollar as reserve currency and all those trillions are coming back to America causing high inflation.This is not the first time US dollar gets dumped hard either. Last time was when Europe found out USD is not backed by gold as promised so they dumped it and over about 6 months the value of US dollar was halved.
But it is always easier to blame it on a conflict on the other side of the world or on a senility of the old man in oval office than to solve the actual problem.
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