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sr. member
Activity: 1722
Merit: 252
August 03, 2022, 02:12:50 AM
#81
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.
hero member
Activity: 517
Merit: 11957
August 02, 2022, 01:17:44 PM
#77
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.
hero member
Activity: 517
Merit: 11957
July 14, 2022, 03:47:20 PM
#76
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.
hero member
Activity: 2534
Merit: 605
August 02, 2022, 03:30:24 PM
#69
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.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
July 13, 2022, 10:08:16 AM
#68
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.

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.
sr. member
Activity: 1428
Merit: 252
July 13, 2022, 09:19:03 AM
#67
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.
hero member
Activity: 1498
Merit: 711
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July 12, 2022, 04:22:47 PM
#66
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
hero member
Activity: 966
Merit: 588
July 12, 2022, 04:13:38 PM
#65
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.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
July 12, 2022, 02:29:28 PM
#64
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.
hero member
Activity: 714
Merit: 521
July 12, 2022, 01:31:19 PM
#63
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
full member
Activity: 1358
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July 12, 2022, 11:59:21 AM
#62
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.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
July 11, 2022, 09:25:45 AM
#61

If you look at the map of whales, then just in the region of 35k there are large inflows:
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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 11, 2022, 07:28:42 AM
#60
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.
Maybe so but we are often surprised by the movement of bitcoin in the market. Starting from a low price, the price increases rapidly without stopping and vice versa. But hopefully, after this month or even this month, the bitcoin price can start to increase again and reach $30k. Yes, bitcoin is still in a downturn and we can only hope its price can go back up. We should not feel pessimistic about the situation because bitcoin will return to its highest price so we have to be patient.
member
Activity: 103
Merit: 75
July 11, 2022, 07:20:40 AM
#59
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.

hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
July 09, 2022, 06:22:25 PM
#58
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.
copper member
Activity: 2268
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July 09, 2022, 12:03:02 PM
#57
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.
sr. member
Activity: 2030
Merit: 356
July 09, 2022, 11:34:17 AM
#56
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.
hero member
Activity: 2408
Merit: 584
July 09, 2022, 10:04:50 AM
#55
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.

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.
legendary
Activity: 1652
Merit: 1265
July 09, 2022, 02:02:32 AM
#54
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. Cheesy

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...
legendary
Activity: 3472
Merit: 10611
July 09, 2022, 01:03:57 AM
#53
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. Cheesy
legendary
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July 08, 2022, 09:58:26 AM
#52
but Hoping that this is not another trap before the true dumping happens any time this year.

While I cannot complain, since the price is not like in (my) worse scenario (under 10k), it still can go lower in the next few months. So being wary is important.
I've read today something that I don't know how accurate it is, but it's certainly a possible scenario:

This is what I think how price might move in upcoming months:
17.5k -> 28k -> 15k -> 19k -> 12.5k
12.5k > 22k -> 28k -> 45k

ATH to be near $180k once we start the bull run after Bitcoin Halving in April/May 2024.
full member
Activity: 2520
Merit: 204
July 08, 2022, 04:17:19 AM
#51
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.
hero member
Activity: 2870
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Vave.com - Crypto Casino
July 08, 2022, 03:33:51 AM
#50
Bitcoin first half of 2022 ended in disappointment and complaints came from many people who expected the Bitcoin price to break above $40k. Of course the people who complained about the condition of Bitcoin in the first half were those who could not hold this valuable asset. Instead of holding back, they actually sell because of negative whispers.
In addition to negative whispers from other people that can make everyone's spirit panic and change in a very short time, I think some of them also sell because they need money even though the fear of loss still haunts them every time when they see the market that has not changed before second half of this year.

Quote
Just like you, my hope in the second half of 2022 will not have to reach the new ATH. At least in the second half of this year, Bitcoin can return to a point that is better than the conditions in the first half. Based on the experience I've had, the movement of the graph will change after increasing and will return to the bottom. I firmly believe Bitcoin's new ATH will be reached once these perceived bad market conditions are over.
If you look at the Bitcoin price chart now, there has been a change from the $18k price range to the $22k price range in the market and that is a sign that Bitcoin will still increase this year. I personally also hope that Bitcoin can be in the price of $50k by the end of this year or before next year.
Let's hope it will come true as I see that there is a possibility it could return to the $22k price tag again.
Now the bitcoin price has touched the price of $21.8k and there is still a little bit to go to $22k and hopefully, it doesn't stop at that price but can continue to rise.
If bitcoin can get back to $50k before the end of the year or next year, it will be a treat for us, especially those who bought a lot of bitcoins at $18k a while ago.
But bitcoin has a long way to go and we don't know what's next.
legendary
Activity: 1652
Merit: 1265
July 08, 2022, 02:51:46 AM
#49
I think everyone waiting for lower bitcoin prices are going to end up bag holders.
My 2cts
legendary
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Leading Crypto Sports Betting & Casino Platform
July 08, 2022, 02:49:51 AM
#48
Bitcoin first half of 2022 ended in disappointment and complaints came from many people who expected the Bitcoin price to break above $40k. Of course the people who complained about the condition of Bitcoin in the first half were those who could not hold this valuable asset. Instead of holding back, they actually sell because of negative whispers.
In addition to negative whispers from other people that can make everyone's spirit panic and change in a very short time, I think some of them also sell because they need money even though the fear of loss still haunts them every time when they see the market that has not changed before second half of this year.

Quote
Just like you, my hope in the second half of 2022 will not have to reach the new ATH. At least in the second half of this year, Bitcoin can return to a point that is better than the conditions in the first half. Based on the experience I've had, the movement of the graph will change after increasing and will return to the bottom. I firmly believe Bitcoin's new ATH will be reached once these perceived bad market conditions are over.
If you look at the Bitcoin price chart now, there has been a change from the $18k price range to the $22k price range in the market and that is a sign that Bitcoin will still increase this year. I personally also hope that Bitcoin can be in the price of $50k by the end of this year or before next year.
legendary
Activity: 2618
Merit: 1181
July 08, 2022, 02:33:22 AM
#47
I am of the same opinion. I think this cycle, as far as good things go, is over and we won't break $69k again until the next one. And while I don't rule out that we may test new lows, I think it's unlikely. In the second half of the year I don't rule out what you say, that we will go up to $50k and stay in a $30-$50k range, but it will depend on many things, the evolution of the war, energy policies, if the Fed decides to give some liquidity again before the mid-term elections. If the general situation improves I think we will be in the upper part of the range, if everything goes worse I think we will move most of the time in levels below $30k and maybe testing new lows.
It's hard to say about ATH in the second half of 2022 while $40K is always possible to achievable. I think the market is not just working to grow and could still fall at any time. The probability of the market falling may be greater than the probability of growing, but it is always difficult to be sure even if one can make an analysis. I think the highs during the second half will be around $30K - $40K, but it is possible to see bitcoin retest its lows around $10K - $12K before the end of the year.
legendary
Activity: 1372
Merit: 2017
July 08, 2022, 01:41:12 AM
#46
Personally, I do not expect a new ATH in the second half of the year, but there is still a chance to return to 40-50k this year. I also expect a red annual candle, since according to the theory of cyclicality, 2022 is a year of decline, after a year of growth and a new ATH, that is, the price will close on December 31 below $45,600.

I am of the same opinion. I think this cycle, as far as good things go, is over and we won't break $69k again until the next one. And while I don't rule out that we may test new lows, I think it's unlikely. In the second half of the year I don't rule out what you say, that we will go up to $50k and stay in a $30-$50k range, but it will depend on many things, the evolution of the war, energy policies, if the Fed decides to give some liquidity again before the mid-term elections. If the general situation improves I think we will be in the upper part of the range, if everything goes worse I think we will move most of the time in levels below $30k and maybe testing new lows.

hero member
Activity: 1540
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July 07, 2022, 11:28:11 PM
#45
Bitcoin first half of 2022 ended in disappointment and complaints came from many people who expected the Bitcoin price to break above $40k. Of course the people who complained about the condition of Bitcoin in the first half were those who could not hold this valuable asset. Instead of holding back, they actually sell because of negative whispers.

Just like you, my hope in the second half of 2022 will not have to reach the new ATH. At least in the second half of this year, Bitcoin can return to a point that is better than the conditions in the first half. Based on the experience I've had, the movement of the graph will change after increasing and will return to the bottom. I firmly believe Bitcoin's new ATH will be reached once these perceived bad market conditions are over.

Stopping at over $35K in December 2022 is good enough in my opinion.
sr. member
Activity: 1792
Merit: 255
June 15, 2022, 10:18:40 PM
#44
Inflation that occurs in almost all countries makes crypto users shift assets. After the bitcoin price drops more than 34% within 5 days then I will not make a high target of bitcoin, maybe the highest price that can be achieved is $50k, and it may take a long time or at least 2 more years to be able to make new ATH.
legendary
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June 15, 2022, 10:17:22 PM
#43
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.
full member
Activity: 529
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June 15, 2022, 09:48:36 PM
#42
So, back to what you wrote in topic: if we get back to 40-50k this year... it'll be a surprisingly nice development.

This will be the recovery period that is needed now, and I also expect just such price values. If we recall the crypto winter of 2018 and ATH $20,000, then after falling by 85%, Bitcoin rose to $14,000, recovering ~ 70% of its price. Falls, like growth, cannot be eternal and a rebound will still occur, even if we plunge even deeper. But in my opinion, the fall to such extreme values ​​is still too early or the industry has become more rapid. There is also an opinion that we will hang out in the range of $10-50k for the next 2 years, and only then we will have a real bull run and new ATH.

Of course it will take more time to wait for a new ATH in a few more years.
But are they also able to be patient for some time to come?
Because I see many of them who want to run away with the current situation and it will make them regret that they have left the current market situation.
legendary
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June 15, 2022, 09:21:50 PM
#41
talk has started on a July tighter by the fed. As we approach July 15 if we have a high inflation rate the talk will say .75 looks like the goal. maybe .5 or maybe 1.0 If it is July 5 and that
is the talk about the fed btc will drop under 20k.

I reset my coin holdings. I increased all my btc and sold my shit coins. I also have cash and will buy more when we go under 20k. Going under 20k seems pretty certain. Only Putin dying and Russia ending its war with the Ukraine will stop inflation which is very unlikely.
administrator
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June 15, 2022, 09:13:54 PM
#40
A big part of the downturn in BTC's price is that liquidity is being sucked out of the system to an extent even larger than is generally realized. The world is starved for liquidity. I expected a crash like this:

I'm bearish for the first half of the year because most of the world is transitioning from unprecedentedly easy money to, relatively, extremely tight money, and crypto feeds off of easy money more than anything. People talk a lot about interest rates, but it's that plus slowing growth, much lower government spending, and rapidly ending QE. Worldwide, the brakes have already been slammed on the economy, but people haven't quite realized it yet. I think that sometime in the first half of the year all liquid assets including BTC are likely to fall off a cliff. It then might quickly recover within days, or this might lead to a frenzy of panic selling which lasts a couple of months. I think that this crash will be an excellent time to buy, though, and we could see ATHs toward the end of the year.

My record of price predictions isn't great, and so I don't personally make large bets based on my price outlook. My prediction above will definitively be wrong if we get to July without a major crash, or if interest rates peak and then start to constantly fall without a crash in liquid assets.

When central banks add liquidity, they add bad liquidity. It gets thrown at useless things like wasteful government projects and zombie companies. But even with rates at 0%, credit is still either completely unavailable or very expensive to disfavored industries, people without the right connections, people in disfavored countries, most projects without collateral, etc. If you had some great business idea, do you think that you could get a big loan for it? The lack of good liquidity is a form of tightness which has been strangling the world economy. So when central banks and governments stop doing incredibly-loose things like sending people checks and start mildly tightening monetary policy, we get tightness on top of existing tightness. The world can't handle it.

Crypto is one possible solution to the liquidity crisis, since it offers a form of liquidity that's available to those that are excluded from the USD system (eg. El Salvador). I haven't personally experimented much with DeFi stuff, and I think that 90% of it is probably a scam, but this area has major potential vis-à-vis the liquidity issue, and BTC is the best monetary base for a DeFi monetary system. This can add the "good" liquidity that the world is starved for, having been fed only central banks' "bad" liquidity for years.

The recent crash is basically what I expected: a liquidity crisis causing almost every liquid asset on Earth to crash. But I expected it to be worse, and in fact I expected it to be so bad that it would cause the Fed to stop tightening. This crash wasn't nearly bad enough to make them hesitate, especially with inflation so high (higher than I expected in January). I suspect that we'll get one or more additional rounds of liquidity-crisis selling like this, though I'm not sure.

If things get so bad that the Fed stops tightening, that's good for BTC because BTC feeds on easy money. But if the Fed is seriously going to let rates go up several more percentage points, then BTC probably has a lot more to fall. We'd have to eliminate the portion of the price which comes from easy money and FOMO-buyers before rising on other fundamental strengths. In that case, I'd expect BTC to keep falling until monetary policy becomes restrictive across the board (ie. rates +/- other effects such as the balance sheet put us above the neutral rate, in nearly every sector and situation). After that point, I'd guess that further rate increases would not be particularly harmful to BTC, and could in fact help BTC. In other words, even if the Fed keeps tightening, I think that BTC can still perform well, eventually.

At the moment, my base case for the second half is that the liquidity crisis builds to such an extent and causes so much pain that the Fed seizes on some excuse such as a deceleration in CPI (but still staying very high), and they stop tightening. This will be bullish for BTC in several respects: easy money will flow into BTC, the Fed's failure and increasing financial repression will undermine the USD, inflation will boost the "BTC as an inflation hedge" narrative (even though it hasn't actually worked recently), and BTC+DeFi as a new global monetary system will emerge as a solution to a major problem. ATHs are still possible this year, but probably more likely is a drop even lower from here (to just under $10k, perhaps?) and then an increase toward the end of the year back to the $30-40k area.

As always, note that my record of predictions is not very good, and I don't personally make large bets based on them if I can avoid it.
legendary
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June 15, 2022, 05:21:05 PM
#39
I always tend to see Bitcoin losing values in summer and getting it back and even more by the end of the year but this doesn't happen lately the way it used to be.
This summer was the worst obviously but it will give a chance to a nice recovery by Q4 of the year.
I am not very optimistic this year with all economical struggles but finishing 2022 with $40k would be a good start for the next year..
sr. member
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June 15, 2022, 04:27:23 PM
#38
In this winter, we have already lost 70% of the value. I also read opinions that this time the correction will not exceed 55% and will stop at around 28-30k

Yep, this is what I was talking about.
Now I pretty much fear that the price may fall like in the previous cycles, i.e. losing ~85% of the value.  That would mean falling to 10-12k, so 50% of current value. I really hope I'm wrong...

So, back to what you wrote in topic: if we get back to 40-50k this year... it'll be a surprisingly nice development.
There’s a lot of possible scenario for Bitcoin in the last months for this year, if the support level stays strong at the level of $20k, we might not be able to see another drop but of course this is a very unpredictable situation with Bitcoin and most of the analysis has been invalidated. The support level is very crucial, many will surely panic if ever we go down again. Recovery this year is still possible, we know Bitcoin works like this before and able to rise, I’m confident again with this one. Buying can be a good strategy for now, just timing the market.
sr. member
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June 15, 2022, 04:14:14 PM
#37
I don't really see much prospect for Bitcoin or any cryptocurrency for that matter for the second half of the year as the global economic situation is depreciating. Many countries that the major whales below to are currently facing some challenges. And with the red candlesticks portrayed on exchanges, I would say getting a new ATH in the second half is seemingly impossible. (I stand to be corrected though) lol.

i will start to say that Bitcoin is not a world economic buster, that is how some people derivative analysis come to. Because if you search from the beginning coming close to the end, you will understand that bitcoin is not something that every country is aware of or something every countries welcomed, making it's depreciation as one of the things that depreciates the economy or economic status of other countries that does not value it and also be aware of it, is something I'm getting wrong to understand.
legendary
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June 15, 2022, 02:53:10 PM
#36
In this winter, we have already lost 70% of the value. I also read opinions that this time the correction will not exceed 55% and will stop at around 28-30k

Yep, this is what I was talking about.
Now I pretty much fear that the price may fall like in the previous cycles, i.e. losing ~85% of the value.  That would mean falling to 10-12k, so 50% of current value. I really hope I'm wrong...

So, back to what you wrote in topic: if we get back to 40-50k this year... it'll be a surprisingly nice development.
legendary
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June 15, 2022, 02:32:57 PM
#35
We hoped that crypto winter will not come this time, but it came.

Who are "we? It’s impossible without a crypto winter

I am sure that this latest plunge has caught many off-guard. Wink

However, I've done some effort and found one of the discussions on this topic I had in the past, discussions that maybe we have this year a softer (if any) crypto winter.
One of the posts is this one, but you can easily look up there for the entire discussion on the matter.

The point there was that - because of the institutional investors and maybe too because Bitcoin markets become more mature with every passing year - the highs should no longer be so spectacular, and the lows too should no longer be so depressing. So one idea was back then that maybe what was in April was a weak crypto winter (more like an autumn than a winter) and maybe in the next cycles it'll be even softer.
legendary
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June 15, 2022, 02:27:13 AM
#34
Now there is an active phase of washing out even the strongest hands.

We hoped that crypto winter will not come this time, but it came. Of course strong hands are also affected. Maybe some did their math and expect 7x fall like in the previous cycle. Then they can sell now 1 BTC and buy 2 BTC in the near future (unless the reality won't go by their math  Cheesy ).

However, I don't think I've seen fear index so low. We're at 7 today.
legendary
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June 12, 2022, 10:50:29 PM
#33
Well i guess I was wrong I figured it would trade sideways or at least make it to the low $30Ks however it broke the yearly low just now.

It seems with the massive CPI and the mess with Celcius network, many people are panicking and just exiting crypto all together. Many people think are recession is near so they want to cash out with what remaining money they have. Scary times are coming.
legendary
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June 11, 2022, 06:11:46 AM
#32
Does it matter?
Zoom out and you will notice that just waiting 4-8 years is certain profit
full member
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June 11, 2022, 02:11:11 AM
#31
I'm expecting to take the price of 40k as the highest we can reach this end year  because I know that this 2022 is a harder year since we have freshly comes from the Bull market so expected that this year and the next to be harder for all of us.

but if we can make it 50k? then I will be glad as I am planning to get out this year to wait for 2023 as surely market will fall more till 2025 .
legendary
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June 11, 2022, 12:09:33 AM
#30
There is a lot of speculation that bitcoin will drop to the $20k-$23k price range but hopefully, that's not really the case.
Whenever bitcoin price doesn't rise (remains stable) there is a lot of fake speculation that talk about a bigger drop. Remember a couple of years ago when price was stuck at $3k range and wasn't able to break the $4k resistance? By that time there were hundreds of speculation saying "bitcoin will drop to $1k" but we all know what happened instead.
hero member
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June 10, 2022, 09:47:08 PM
#29
Rise at the end of June? That's pretty early actually.
I'm not expecting any bullish trend this year, Bitcoin going sideways indicates buying pressure and selling pressure becomes even. People thinks, $30k would be close to the bottom, while traders sell above $30k.
I should say, Bitcoin will have another run next year or some time near the halving.
Who knows, the price may rise again even though it hasn't been able to get back close to the last ATH, that will be okay.
At the very least, we can get a hefty profit if the bitcoin price can rise to the $40k-$50k range.
But the current trend indicates that the bitcoin price will still move sideways and there is still a chance for profit.
There is a lot of speculation that bitcoin will drop to the $20k-$23k price range but hopefully, that's not really the case.
hero member
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June 10, 2022, 06:15:48 PM
#28
We're in the middle of the 4-year cycle.

What kind of mid-cycle are we talking about and where do these cycles come from and why, after the market recently reached the new ATH, is this the middle of a cycle? Can you elaborate on this, this is the first time I hear this theory?

I calculate the cycle from halving to halving. 4 years.
A rough calculation tells that at around 1.5 years after halving there's the ATH and the downtrend starts, after one more year (more or less) it's basically in the crypto winter and from that point we're getting slowly back to bullish trend, and in 1.5 years there's halving again.
Am I wrong?
We're on the cyclic pattern of market movements. Similar thing happened during the previous halving. The price crashed down to $3k range and bounced back marking the Ath price when the traditional market is facing the hard time out of the pandemic. The upcoming halving is scheduled for month of March 2024. This down market seems to continue till the end of 3rd quarter which is September.
legendary
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June 10, 2022, 02:52:03 PM
#27

Many TA speculators sees the price has bottomed. I would expect the price to jump high.

If it weren't for those wallstreet guys trying to liquidate the leverage traders to hit thier margin call. BTC may actually go up by now. JPmorgan estimated the actual value of BTC is actaully $38K. Maybe they tend to lure people to go for futures and they're trying to liquidate those traders.

There is this particular website, can't be bothered to look it up, I want to say CoinIdol or DailyHodl but don't want to get libelous ha ha. Posting about two or three TA type news picked up from rando Tweets, followers varying from 10-500k..

But yeah, TA speculators are aplenty. All due respect and I know they mostly are sharing for the discussion but just gathering the daily items on these sites, you know it is always 50-50 in most cases.

But this time, the majority just from what pokes out at me actually believes the bottom is not in yet.

Plenty of fear still lining the notes on the TA.
hero member
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June 10, 2022, 03:20:59 AM
#26
The second half  of the year 2022 is indecisive for now because the bitcoin chart is looking too noisy and there is no strong candle to suggest any new upward trend even on higher time frame. I think the end of June will give a clearer picture of what to expect in the second half, a major breakout will tell where the market will possibly move next for now the month of June might either be choppy or range trend.
It seems difficult for us to predict what will happen to bitcoin towards the end of the middle of this year, the many pressures that exist in the market make the price of bitcoin experience a significant decline unexpectedly, just like all of us here, I hope if the price of bitcoin can get back on the trend positive that is able to push the price of bitcoin back up later and at the end of june maybe we will see if whether our expectations will be fulfilled or not at all.
In the middle of this year, there is no sign of bitcoin going up again but the price tends to stabilize in the $28k-$31k price range and we can only hope the price can rise again at the end of June or next month.
But maybe the one that will go up first is the altcoin but it could also be bitcoin and this is still a mystery because there is no definite sign about this.
With so much support from many parties, it makes the journey of bitcoin even more difficult to predict and we must be more careful when entering the market.
We can expect the bitcoin price to rise again at the end of June and better prepare ourselves for its arrival.

Rise at the end of June? That's pretty early actually.
I'm not expecting any bullish trend this year, Bitcoin going sideways indicates buying pressure and selling pressure becomes even. People thinks, $30k would be close to the bottom, while traders sell above $30k.
I should say, Bitcoin will have another run next year or some time near the halving.
legendary
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June 10, 2022, 02:35:15 AM
#25
I expect stagnation and slow decline. With this global economic turmoil, high risk assets don't seem attractive to many investors. Most of the doomers have likely already sold, so the price shouldn't fall below $20k, I'd expect it to slide to 24-25k and stay there. The true bull market will come somewhere in 2024, together with new halvening.
There can be global turmoil but this is not what will affect the crypto market to go bearish, even if the global economy is good, we should still expect further decline as crypto price generally, it happens in 2014 and 2018 and their first 5 months we had this year almost correlate with the past time, I will not be surprised at all the see further decline of crypto price. A time may come that the 4 year cycle may not occur, but not this time, not this year.
hero member
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June 10, 2022, 01:05:28 AM
#24
The second half  of the year 2022 is indecisive for now because the bitcoin chart is looking too noisy and there is no strong candle to suggest any new upward trend even on higher time frame. I think the end of June will give a clearer picture of what to expect in the second half, a major breakout will tell where the market will possibly move next for now the month of June might either be choppy or range trend.
It seems difficult for us to predict what will happen to bitcoin towards the end of the middle of this year, the many pressures that exist in the market make the price of bitcoin experience a significant decline unexpectedly, just like all of us here, I hope if the price of bitcoin can get back on the trend positive that is able to push the price of bitcoin back up later and at the end of june maybe we will see if whether our expectations will be fulfilled or not at all.
In the middle of this year, there is no sign of bitcoin going up again but the price tends to stabilize in the $28k-$31k price range and we can only hope the price can rise again at the end of June or next month.
But maybe the one that will go up first is the altcoin but it could also be bitcoin and this is still a mystery because there is no definite sign about this.
With so much support from many parties, it makes the journey of bitcoin even more difficult to predict and we must be more careful when entering the market.
We can expect the bitcoin price to rise again at the end of June and better prepare ourselves for its arrival.
legendary
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June 10, 2022, 01:05:21 AM
#23

Many TA speculators sees the price has bottomed. I would expect the price to jump high.

If it weren't for those wallstreet guys trying to liquidate the leverage traders to hit thier margin call. BTC may actually go up by now. JPmorgan estimated the actual value of BTC is actaully $38K. Maybe they tend to lure people to go for futures and they're trying to liquidate those traders.
legendary
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June 10, 2022, 12:51:40 AM
#22
Bullish is what I am expecting for the upcoming second half for sure. If we had a time to drop this low during the first half of it, then why shouldn't be capable of increasing back again for the upcoming period? It is totally possible for all of us to see something like that happen again. I am not saying that we are going to see 100k or 200k or something like that, it may not happen like that.

But at the very least we could see like 50k+? I mean would that be so hard to achieve, it should be something quite simpler and we would be able to make a lot more profitable decisions based on that. Hopefully we would be doing a bit better in the short term, like during summer, at least 40k, and then during autumn we would do like 50k+ and get in 2023 with an increasing momentum.
sr. member
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June 09, 2022, 06:23:38 PM
#21
The second half of year we might be getting a relief rally towards that time, maybe if FED should take a brief on interest rate hyke.
If that does not happen and they continue with raising the interest trying roll off the blansheet, we will continue to get pump and dump until they pull out that rug, thereby eventually sliding into 2023 where we will start creeping up at little until 2024 halving.
That is what I'm thinking and I think we are still just in the middle of the bear season. Never be the FED could help to have the rally again, I was waiting for the whales to become active again as they are more influential than them. Until we don't hear any from them just like they did before, we don't expect the market to rally again.

Well, if we could see the past bear season, it takes for almost 3 years to be in spike again. We are just at the start, therefore, we still about to see the market like this until the end of this year.
full member
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Trphy.io
June 09, 2022, 01:59:51 PM
#20
The second half  of the year 2022 is indecisive for now because the bitcoin chart is looking too noisy and there is no strong candle to suggest any new upward trend even on higher time frame. I think the end of June will give a clearer picture of what to expect in the second half, a major breakout will tell where the market will possibly move next for now the month of June might either be choppy or range trend.
It seems difficult for us to predict what will happen to bitcoin towards the end of the middle of this year, the many pressures that exist in the market make the price of bitcoin experience a significant decline unexpectedly, just like all of us here, I hope if the price of bitcoin can get back on the trend positive that is able to push the price of bitcoin back up later and at the end of june maybe we will see if whether our expectations will be fulfilled or not at all.
legendary
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June 09, 2022, 01:42:26 PM
#19
We're in the middle of the 4-year cycle.

What kind of mid-cycle are we talking about and where do these cycles come from and why, after the market recently reached the new ATH, is this the middle of a cycle? Can you elaborate on this, this is the first time I hear this theory?

I calculate the cycle from halving to halving. 4 years.
A rough calculation tells that at around 1.5 years after halving there's the ATH and the downtrend starts, after one more year (more or less) it's basically in the crypto winter and from that point we're getting slowly back to bullish trend, and in 1.5 years there's halving again.
Am I wrong?
sr. member
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Bitcoindata.science
June 09, 2022, 11:07:32 AM
#18
The second half  of the year 2022 is indecisive for now because the bitcoin chart is looking too noisy and there is no strong candle to suggest any new upward trend even on higher time frame. I think the end of June will give a clearer picture of what to expect in the second half, a major breakout will tell where the market will possibly move next for now the month of June might either be choppy or range trend.
legendary
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June 09, 2022, 10:04:04 AM
#17
I was one of the people who expected that the price would break 70K by last April and unfortunately we only reached about 48k and then I had to sell some bitcoin at a price of about 29K (I had to sell  Cry )

Personally, I hope that we will get 55k levels because it means that I will compensate for my loss in the short term, but if there is an increase, it will be temporary, followed by a strong correction, so it is likely that we will witness four months of crazy changes or stability at the levels of 30K.

Generally, the best plan for now is to leave a little cash around if the price collapses in order to buy more.
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June 09, 2022, 08:18:49 AM
#16
but there is still a chance to return to 40-50k this year

If we get back there is already very much okay, really.
We're in the middle of the 4-year cycle. If the historical data means anything the next 6 months the price may not go higher, may even get lower.
However, we had some sort of double-ATH/double bull run this cycle, so I would not be so much surprised if more modifications will happen in the (more or less) pattern.
If this means earlier start of the bull run, or at least a bit of recovery, even better.
hero member
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June 09, 2022, 04:49:38 AM
#15
If we look at the market movement right now, this is bearish. So I'm not expecting any huge change in the next 6 months, on the contrary, it could be worst because the war in Europe is still on-going.

Worst meaning, the price could still go down and we might see another bottom, lowest low.

We've seen this in 2018 and it could be another repeat this bear cycle. And it's better not to expect something big in the second half, just saying.
hero member
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June 09, 2022, 03:44:29 AM
#14
Bitcoin usually continue the trend of the 2nd half but change the trend around October to December with greater volume either down or upward. I think the current price movement is just a preparation for a big pump on the Q4 because the price keeps battling the bears just to keep above 30K many times. I’m still optimistic that Bitcoin will recover and attempt to reach new ATH on Q4 this year despite there is recession looming around the world.
legendary
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June 09, 2022, 03:38:02 AM
#13
For this thread to have presented some accurate prediction on the activities of bitcoin in the second half of the year, maybe if it the thread came a lot more earlier than this, it would have been fun to test once closeness to accuracy with the market still way back to play out. Although, the effort and intent as I see it is not totally defeated as 6months ahead could be a long time.

Taking a page in this, we've seen bitcoin dump in a bearish market in such a way that wasn't anticipated and it dumped suddenly and dip too. What to expect next is a period of consolidation where the market gets to struggle back up, with the bulls gaining momentum at each step on the way in preparation for a bullish market during the halving yet to come. So what am expecting is some slight move to the top, let's say $55k and then it stabilises for a long time.
mk4
legendary
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June 09, 2022, 03:29:49 AM
#12
No technical analysis or indicators, just mostly broadly based on market sentiment: we're just going to have sideways chop for months and months, angling slightly towards the downside rather than the upside.

Fun fact: most of the pain in bear markets isn't necessarily the sharp price drops, but the slow and boring grind to the downside.
hero member
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June 09, 2022, 02:33:58 AM
#11

We all have a positive outlook this next half of the year though so that's enough to be bullish I think we're all gonna reach the new ATH by mid 2023.

Monitoring exchange netflow, there are whales buying up BTC in billions of USD so we're probably going there once again. By the end of the year I think we'll hit $50K again. Hopefully.
legendary
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June 09, 2022, 02:11:54 AM
#10
I expect stagnation and slow decline. With this global economic turmoil, high risk assets don't seem attractive to many investors. Most of the doomers have likely already sold, so the price shouldn't fall below $20k, I'd expect it to slide to 24-25k and stay there. The true bull market will come somewhere in 2024, together with new halvening.
I also don't expect the value of bitcoin to rise in the second half of 2022 at all. The economic situation in the light of recent and previous events has a very unstable position and it would be naive to expect that everything will improve overnight and investors will massively start buying bitcoin. It seems to me (I can only assume) that in the next year or two we will not see a serious bitcoin price growth. I think there will be small growth surges, but this is unlikely to greatly affect the current trend.
 
legendary
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June 09, 2022, 01:25:30 AM
#9
Personally, I do not expect a new ATH in the second half of the year, but there is still a chance to return to 40-50k this year. I also expect a red annual candle, since according to the theory of cyclicality, 2022 is a year of decline, after a year of growth and a new ATH, that is, the price will close on December 31 below $45,600.

What are your expectations and what do you consider first of all, fundamental analysis or technical analysis based on charts and indicators?
Looks like the 4-year cycle is happening right? It happened in 2018 where Bitcoin went down from $20,000 to near $3,000. Base on what is happening around the world, it seems like it will happen again. The good thing is it isn't that worse like what happened in 2018.

My prediction to what will happen this year is Bitcoin might go sideways and as long as Bitcoin will not pass the resistance which is the $46,000-$48,000 (highest price reached before the 9 week red candle happened), we might remain stagnant the whole year. I hope that all of us are ready with this one. On the other hand, the good thing is we already saw an inverted hammer candle last week which often means that a trend reversal is happening base on technical. Technical isn't 100% accurate though and it might happen or not. As of now, the weekly candle is in green.
legendary
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June 08, 2022, 11:20:18 PM
#8
It is not possible to predict because the world is becoming less stable and that is affecting the economy too which in turn could severely affect bitcoin market (either positive or negative). There are certain events that are going to happen within the next 10 to 20 days that could have significant effects.
We also have another major war that could happen in winter (China/Taiwan) that could mess up the world even more than the Russia/Ukraine one has done.

But if the "doomsday" scenarios don't take place I expect price to start rising very soon. Breaking certain resistances such as the $50k one could speed up the rise significantly and $100k would be in reach in a very short time after.
sr. member
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June 08, 2022, 10:30:55 PM
#7
We are 3 weeks far from the ending of 1st half and still we are now seeing anything yo grind and to wait but I am not losing my hope in this coming second half , I believe that we will be maintaining the 50k level at least till the end of December.
I don't really see much prospect for Bitcoin or any cryptocurrency for that matter for the second half of the year as the global economic situation is depreciating. Many countries that the major whales below to are currently facing some challenges. And with the red candlesticks portrayed on exchanges, I would say getting a new ATH in the second half is seemingly impossible. (I stand to be corrected though) lol.

it is not really worth believing that new ATH will be recorded , but at least will recover from this dip losses , and i know there are many things to expect here in the second half of 2022.
legendary
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June 08, 2022, 10:27:04 PM
#6
Most likely for the first half of the second half there won’t be much action. Kind of like 2018. Maybe there will be more trends than sideways chop like we have no in September but I think most of the biggest moves will be sometime in Oct-Dec.

Right now you can see with all the barting around that there is very little liquidity. And most likely this will continue until Friday when the CPI numbers come out.

Then if the numbers are a surprise we should get a decent move.
sr. member
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June 08, 2022, 09:40:49 PM
#5
I am actually still hopeful that Bitcoin could still manage to get back to somewhere in the $50,000 level in the second half of this year. We've had enough red in the first half. Although it could very well extend to the other remaining half, I think the green and better days are coming. But it might come a little late, in the last quarter of this year, the later part of the second half.

There are good news happening and coming but they're still pooling up power. So Bitcoin is probably just consolidating during these boring days. Once it bursts, the price could go into a strong rally toward $50,000.
jr. member
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June 08, 2022, 07:05:10 PM
#4
I don't really see much prospect for Bitcoin or any cryptocurrency for that matter for the second half of the year as the global economic situation is depreciating. Many countries that the major whales below to are currently facing some challenges. And with the red candlesticks portrayed on exchanges, I would say getting a new ATH in the second half is seemingly impossible. (I stand to be corrected though) lol.
legendary
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June 08, 2022, 05:30:32 PM
#3
I expect stagnation and slow decline. With this global economic turmoil, high risk assets don't seem attractive to many investors. Most of the doomers have likely already sold, so the price shouldn't fall below $20k, I'd expect it to slide to 24-25k and stay there. The true bull market will come somewhere in 2024, together with new halvening.
hero member
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June 08, 2022, 03:41:20 PM
#2
I expect price to bottom at current prices ($25k to low $30,000s), perhaps throughout the summer if macro environment contintues to look negative for the next few months. But in the Fall I think we'll start to see a recovery. Might just be a slow grinding recovery, or we could see it leap back into the $40k's rather quickly if people start thinking the bear market is over. Basically I don't expect much but I think the recovery will have started before end of the year.

When people really start coming back to the market the price should shoot up because of the supply shock from all the accumulation that has happened the past 12 months, but I don't expect a ton of people to come back into the market until next year so I think it's more likely we'll see this bottom play out and then grind up a bit to finish the year, and then next year we'll start to see strong price growth and new ATHs.
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June 08, 2022, 01:06:52 PM
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