Topic: $13,000 is quite possible this week - page 3. (Read 809 times)

^ Though the BTC price is unpredictable I definitely disagree with you.
That is too much for me and I think the BTC price won't even drop below $20k. If the BTC price will break the resistance level of below $20k there will probably be a chance it will drop further but $13k is still too much for me.
However, anything could have happened but I am still hoping the BTC price will not drop like to the ground. I know one of these days BTC price will recover.

You really think it's that easy to break through the historical support and resistance levels?

How many weeks did it take to break through the $30K-$28K region?

It's also said that Bitcoin has never broken below an all-time high of the previous cycles. Now, there is always a first time for anything, but don't expect bitcoin to break through the historical level ($20K)on a first attempt. As you can see, right now it's holding.

$13K looks far away right now, but it's not impossible to reach but certainly not this week.

I know this is going to sound a little daft, but this might the last chance we have of getting Bitcoin for this cheap. Obviously, no guarantee, but even if it isn't the cheapest it'll ever be, I do believe that in the long term you won't be seeing these sorts of prices, so might as well accumulate some if you believe in Bitcoin. Don't wait for the absolute bottom, as you'll likely miss it.

For anyone panicking about what the bottom might be, and what the long term outlook is, I'd encourage you to take a look at the fundamentals of Bitcoin, rather than its current price. Its current price isn't going to influence the long term price too much. We're already seeing stubborn people like me, who won't be selling whatever the price hits. Which means, even when the economy is crashing down, we believe Bitcoin will bounce back.

Plus, I'm by no means in the select few there. There's plenty of people with this attitude. That's quite telling, and almost a little special, since any other investment doesn't have that belief. Even when you support your favourite team, you can lose faith when trailing. Bitcoin has done a good job of convincing a certain amount of people, to keep it reliable.

I'm not as concerned about people losing faith as I used to be. Especially, when it comes to merchant confidence. Although, I do think we'll see the most merchant adoption when Bitcoin proves to be a more stable currency, which we're a bit off right now.

Honestly 20k didn't made sense to me neither, but it happened. So I am not entirely sure what the bottom is anymore, anything could happen. It feels like the bottom is endless but we gotta remember that the upside is endless as well. Think about it this way, if someone told you that they dug a 100 meter hole, thats impressive, if it is 1km down thats insane, if it is 10km down (which I do not know if its possible) thats unreal. But when we are talking about going up, its not just meters or kilometers, we get light from 7 LIGHT YEARS away, so thats 7 billion years ago reaching to us just yet, so imagine how further away that is. Hence, it can go down as much as it wants to, but I believe that the end game is limitless, bitcoin could go up to ANY price.

$15k doesn't make a sense for me. I am pretty sure all whales had Bitcoin bought at 2017 ATH or later. We are talking about 5 years period. How many whale was sleeping since? That's quite long period. Driving the price down that way is surely the role of panic selling and new whales entering the game to profit from the short fluctuations of the price.
Although I won't be bothered by the whatever bitcoin price will be next but I hope we stay over the $20k barrier. It is a psychological one imo.

Well, I strongly believe that it never happen again. In fact, if we base on their previous bottom price during the bear season, it is gradually increasing. Such an indication that despite the possible corrections, the market crash, or may the history repeat itself but never I think the price and in every 4years cycle will be the same. I would say that the price of Bitcoin won't drop below $20k. I may be wrong but that is my assumptions seeing the mindset of the people had changed after the last 2018-2020 bear season.

It is difficult if Bitcoin continues Red, I hope the market does not repeat the bad period that occurred in 2014 when the price of 2013 reached $ 1100 and then dropped below $ 150 in a short time, then the next bad trend occurred in 2018, many always connect with The trend of 4 years and until now is a fact.

Na i believe it will happen slowlg. We end up doing the same thing at 28k for some months here at 20/21k.

Wil not start buying starting q1 2023.

Bitcoin is starting to look green for now but I don't think it will last long, there is still a lot of panic from the whales by dumping bitcoins at cheap prices that will obviously push the bitcoin price back down, currently bitcoin price is at $20K level and this could be a support level so when the sentiment is negative and the whales continue to dump bitcoins of course the bitcoin price has the potential to fall lower than $20K again.

I've read some social media discussing Bitcoin, their predictions Bitcoin will fall to the level of $ 10k around October or November, for sure we will see the results of their predictions that I have read.

For me thin expectations of $13k in this month.

I don't know how feasible it is, but I am still considering the possibility of buying some more BTC for myself. Even if the range could be $1000, I feel it should not be too much of a concern. for BTC. Although I'm not too convinced of the goals people are talking about, I still feel the scent of FUD creating an opportunity to stock up, and if I stand outside and wait for a good time to buy, there is not much to say. Only those who have been investing with losses will feel more tired of this situation. And of course, the one thing that I see in someone's disappointment is also an opportunity to seize.

People will collect as much bitcoin as possible in a corrected market condition like now, but we also have to be aware, that the whales will make a surprise after this correction phase recovers, if it has a chance to buy, then do as much as possible, because I'm pretty sure in the future Bitcoin will pumped to a higher price, I remember very well that 2017 to 2021 bitcoin was at such a high selling price, and in the future it is not impossible that this will happen again

If you have do both of fundamental and technical analysis to get a conclusion if this season is actually a bear season, but now the price slightly recovered and didn't continue to drop, it's called a bull trap. Usually this happen because the whales are buying the dip with huge amount money, that's make the market is green. But after there's no huge demand and people were panic, it will continue to drop until the weak hands gone.

Lucky that we are now facing increase , I thought that the dumping will continue to below 20k but yes now? we are seeing some good movement as the market is showing greens.

https://coinmarketcap.com/currencies/bitcoin/

But I am not closing the chances of dumping again but at least there is some light now in our market flows.

It has fallen like what we are going through now.
And it's not a necessity anymore because the second thing happened but it's a price change and correction in the last few years.
To approach the price of $13k I don't think that's happened yet and I'm sure with the current price range of $21k bitcoin will end up going down at least $15k that's for sure.

I really hope that bitcoin does not drop anywhere near 13K. However, after the government's massive overspending during the pandemic and the war in Ukraine still going nothing would surprise me.

If bitcoin did make a correction below 13K, I will 100% be buying quite a bit more. I’m bullish on BTC and I know what an integral role the Blockchain will play in the financial architecture of the future.

I have no doubt that BTC will make huge gains in the near future and I’m confident in my position, it’s just hard to say how bad the global economy will crash in 2022.

Today's price has gone up more than 6% and is approaching $23, and slowly the price of altcoins is also rising so that we don't panic anymore, maybe many will buy again but I suggest after buying be patient and not panic so you don't lose, successful investor is to buy when the price is low and sell when it is profitable.

I hope the bitcoin price doesn't drop below $20k, a few hours ago the bitcoin price was at a low of $20400, I thought to sell all the bitcoins in my wallet, but after I woke up the bitcoin price had reached $22k or rose more than 3 % compared to yesterday.

That would be the nicer thing to happen for those investors which already secure their profits at high price and if the price of bitcoin would really go to $15k which I also think to much for sure many whales will do buy back because this is much cheaper reached compare to the ATH acquired before. So maybe this will be the valid grounds for investors to accumulate because they see this as golden stage to gain for another round again.

There's nothing wrong if it drops at $15k soon since that is the best time to buyback/reinvest before holding until the next bull market. But $15k is just too much I think maybe it will stay there then goes back to pump back again back to $20k+ since that is how volatile the market. But it's just too fast to think that the bottom would start this year or this month although the results showing that it is indeed going there.