Topic: Between $24K and $27K - page 3. (Read 759 times)
Of course the current market makes us wary, moreover the pressure continues because in the USA there is high inflation which makes many investors sell crypto, many analysts believe that the market will be red until the US economic conditions improve again, and maybe we will see that prices will drop again because many investors choose the safe way.
I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.
Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.So, when you see something that crashes the market when there is nothing wrong with the market, then you should consider investing into the market a bit more. This could be a bad decision if you are wrong, but most of the time when one coin makes the market drop, then investing into bitcoin is a good idea. This is due to the fact that bitcoin always ends up recovering.
Three things stuck in my mind this week:
1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
yeah this is 65% lower than the ATH last year if we come fall to 24k but still so high compared to 2017 ATH.
but if there is something we can contribute? that is to Buy in dumping season and keep holding .
The fall of the price is inevitable but the good thing about it is the way the bitcoins price recovered just like in the past. I think some of the people who are panicking right now are those who bought at a high price with the money they cannot afford to lose which is really bad news for those people since the price right now is staying at its lower since the great bull runs. Only patience can remedy this kind of scenario in the market or you can just do some other things outside your home and don't mind this bearish market in the meantime.
The pause that occurred to the correction with the recovery was quite far for bitcoin, this accumulation has a long process to make bitcoin reach a new ATH, many people start to panic and sell some of the assets they have, assuming that the returns are not too large to lose, for other than Bitcoin I think it's okay if it's released, but if the conditions are like this releasing bitcoin is the wrong step, because it's not too worried that the current decline in bitcoin prices, will not find a recovery pause 
]some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.
Maybe not, I think the decline in bitcoin since its last ATH in November 2021 to date is not the worst in its history as the percentage decline is still not more than 62%. The worst decline history occurred in 2018 when the bitcoin price dropped from $20K to $3.2K, that's more than 80% in my opinion.While we can't say for sure what the lowest price was during this bear cycle, we are certainly still in for a 57% more drop than last year's ATH. In the long term bitcoin is still very potential, but still requires consideration if you want to invest in it.
Three things stuck in my mind this week:
1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level. 1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
If the FED does another half point rate hike, I think Bitcoin pulls back to $23K. That would wipe out a lot of leveraged positions, and the market will most likely make a strong bullish move from that level. If they do a quarter point hike, then we may take off back above $40K. Hopefully they figure out how they're going to regulate Crypto by the next hike, so more Institutional Investor's can get in during the dip. If that happens, a Bitcoin Spot ETF won't be far behind.
Not sure if the FED will do that again this year, however, it seems that bitcoin in the last 24 hours has retraced to $28k again. And with that, we are closer on the $24k-$27k range. I know that it doesn't feel good if we see our portfolio going down, but we shouldn't panic and just continue to hold during this dip. No need to sell, and join those newbies pushing the sell button again. We will bounce back soon and maybe hit $40k in the next 4 months.
Three things stuck in my mind this week:
1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
Getting out of this zone mattered a lot, I know that many people think that it is no different than 30k, I mean the difference between 23k to 25k could look like nothing to some. However, if you know how to read charts, then you would know how you could end up with something wildly different if it bounces from 25k or goes to 23k, and that is a scary thought.1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
This is why us being above 30k with bitcoin right now means something awesome, it is not even remotely close to being scary anymore, we basically recovered already. If you know that, then you are going to feel a lot better about the future and what you are doing and it won't be a problem.
Today's market is corrected again, and it looks like we will be under $ 30k for some time, this makes me prefer to wait and do nothing, especially since many analysts believe that negative trends are still happening in the present year, maybe this is a trend 4 Annual that continues to be repeated as before.
If the FED does another half point rate hike, I think Bitcoin pulls back to $23K. That would wipe out a lot of leveraged positions, and the market will most likely make a strong bullish move from that level. If they do a quarter point hike, then we may take off back above $40K. Hopefully they figure out how they're going to regulate Crypto by the next hike, so more Institutional Investor's can get in during the dip. If that happens, a Bitcoin Spot ETF won't be far behind.
Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.
We can't really control that, at least the price goes above $30k even momentarily. But still possible that we can dip around $24k-$27k, but not this month.
The sentiments might be bearish throughout the year, but I think $30k might be the biggest support that we will have. As I have said, we are already in that line so investors are starting to buy again as indicated by the increase in the trade volumes in the last 24 hours.
This means that this is a sign that there is a big increase in the development of the bitcoin price so that investors go back to buying bitcoin.
Hopefully there will be another increase in trading volume in the next few days.
Even though the bearish situation still continues, this increase in trading volume indicates that bitcoin will still bounce back.
Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.
We can't really control that, at least the price goes above $30k even momentarily. But still possible that we can dip around $24k-$27k, but not this month.
The sentiments might be bearish throughout the year, but I think $30k might be the biggest support that we will have. As I have said, we are already in that line so investors are starting to buy again as indicated by the increase in the trade volumes in the last 24 hours.
Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.
I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.
Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.
I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.
What OP stated at the end is the reality of the market. The bear trend is temporary and we need to follow the flow for some time, rather than selling out of panic. In the OP it is said about market looking similar to the one that happened during the year 2018. We can't make a comparison with the market of 2018, because what we had in usage and the present is completely different. The level of adoption have changed, the panic selling have got stopped. Agreed, there is chances of reaching $24k relative to geopolitical issues.
Three things stuck in my mind this week:
1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
It might take a year or two... Be prepared for every possible scenarios.1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.
2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.
Hopefully +27,000$ is the bottom. There is a lot of effort to keep bitcoin above 29,000$ at this moment and that is really nice to see. The longer the price is kept on this range the better for raising morale and confidence among investors. On the other hand, macroeconomical effects are inevitable: in few months bitcoin is probably going to face another crash due to US FED hiking interest rates once again.3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).
I think it's more about whales and institutional investors. Short term holders don't have too much influence on the market volume... They are small fishes.But one thing has a high certainty---the bear market is temporary.
The bull is not a matter of if but when.
Totally right! The bull is not a matter of if but when.
The price of bitcoin has fallen the most since late April. So far, bitcoin has tried 3 times to break the support point at $36k but always failed. And in the past week, bitcoin broke through the support at $30k and moved down to $29k. If next week the bearish trend gets stronger, the bitcoin price will drop towards the support level in the $24k-$25k area. Maybe in the middle of the crypto market, there are bearish trends like this. Those of you who buy more at this moment will smile broadly later when the bitcoin price skyrockets significantly again.
I think, given the current drop in bitcoin price, the potential for bitcoin price to drop to the $24k-$27k area is very likely in the next few weeks. Moreover, the decline in prices in the past week was caused by massive selling, and many experienced panic selling due to sluggish world stocks and large interest rate hikes.
In the time of massive fud, there will be risk to see Bitcoin drop to $24k or even terrible crash to lower than $24k, $20k or lower like what we had with March 2020 crash.I see crashes are great for a healthier market. Gamblers will be wiped out by crashes. I am sorry for anyone who have loss in crashes but if they gamble, they can not avoid to be killed. Bitcoin and the market need real investors to rise higher, not gamblers.
In addition, gamblers are only traders or so-called investors but also trending miners. They will capitulate when price is too low and stay in low range a long time. When miner capitulation occurs, we will find a bottom from which we will move up.
I think, given the current drop in bitcoin price, the potential for bitcoin price to drop to the $24k-$27k area is very likely in the next few weeks. Moreover, the decline in prices in the past week was caused by massive selling, and many experienced panic selling due to sluggish world stocks and large interest rate hikes.
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