Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .
Soon everyone will be in the new year and for some investors they will definitely celebrate the new year regardless of market conditions and maybe they will not immediately enter the market at this time before celebrating the new year with their families. $17K is a fantastic price to buy in bulk, but considering the increase hasn't been seen in a significant way, further consideration is needed before putting any new money into the market for now. 
Topic: Bitcoin Is Approaching $17000 - page 5. (Read 1066 times)
Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .
If the panic is gone already, and the anger phase was out, then maybe we can start the HOPE phase where we can see a slight pump that eventually will turn into optimism. Bitcoin might continue to struggle though in short term as holiday is approaching and many will cash out for sure, after this it will rise again. We are below $17k again but not much, we if ever there’s another good news probably the pump will begin again. If I'm not mistaken, I've seen charts like this before, anyone, of course, there will always be hope for us, we seen this cycle before, it's like 3/1, 3 years of bear market and then just 1 year of bull run but it's all worth it we will see a massive pump.
As for the end of the year, I remember way back 2018 when we are in this kind of situation, there was such pump.
But this time I don't know, maybe $17k is most likely the price that we are going to see at the end of the day.
Unfortunately today the Red Again Market and goes down again below $ 17K, but there is a chance to return to $ 17K because I see that the negative trend caused by FTX is now starting to disappear, investors are increasingly optimistic that the market is immediately rising and does not care about the current price .
If the panic is gone already, and the anger phase was out, then maybe we can start the HOPE phase where we can see a slight pump that eventually will turn into optimism. Bitcoin might continue to struggle though in short term as holiday is approaching and many will cash out for sure, after this it will rise again. We are below $17k again but not much, we if ever there’s another good news probably the pump will begin again. 
There's probably a motion to bitcoin's price together with the entire crypto market. Every announcement that's related to the rates set by the FED, there's an equal reaction to most markets and that's not just only limited to the bitcoin/crypto market. I am in that impression and wanting to believe that if good things come before and after this year ends, we've already seen the bottom and it's not going to be lower than that. But at the same time, this is the crypto market you expect the unexpected.
The current market conditions are chaotic, there are a lot of trust issues, FUD is all over the place, and the lack of support from big investors makes it hard for prices to go up. People tend to stick around and not invest right away even when they realize that $16K or $17K is still low. The bottom may still be reached for the rest of the year, but I don't really expect it.Can't blame if people won't trust and invest for now as that's essential for a market to be in that situation where many are doubting it. And from the news that has circulated not just on us here but also to the circles of media where they've been the headlines and daily news that has been covered.
This shall pass soon, and we'll be seeing how it'll recover.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
Panic will make us regret, if we already know the old bitcoin then this is a golden opportunity to get profit in 2 or a maximum of 3 years, make bitcoin for long -term investment because I'm sure the price and needs of bitcoin will continue to increase, and 2 more years The price will reach at least 5x from now, we cannot get this if investing elsewhere.
It's a learning experience though, if we panic and then sell, later we will have to regret our decision and this could be a good lesson for us.
And yeah, even if the market is that bad, it's the right opportune to accumulate. I remember last bear market, I didn't accumulate this early, it was late before the pandemic and the bitcoin halving. But still though I have to work very hard to invest with the help of DCA and I made good profits.
It's been a few days the price of Bitcoin has touched $ 17K, when the price continues to fall until the lowest position some time ago that is $ 15k then I think I will sell assets, and if there are no surprises like FTX I am sure the price will continue to rise and can return to $ 20k, we are See if Bitcoin immediately left $ 17K and touched $ 18K in December.
If you made a long, you already made a good amount of profit OP. Anyways, I holding long-term and am still planning to add more in the next months until next year. The FTX effect was still big, bitcoin support at $18k was strong and it continued to hold for months until the FTX big news and it smashed bitcoin support. The effect of the bad news though won't last long since bitcoin technology is free from manipulations so it's only a matter of time before it will recover again just like the previous years.
Nah, I think bitcoin will stay bearish for awhile, just like in the past, it stays bearish most of the time so the weak hands are tempted to sell their bitcoins. Once investors slowly lose hope, that's when the whales would try to manipulate the market and would do everything to hype a bull run.
I've seen this many times, I'm not saying that will exactly happen, but it does look like that's the trend that is going to happen.
For now, I guess we should just continue to accumulate, eventually once the bull run will come, a new ATH will surely be reach.
I've seen this many times, I'm not saying that will exactly happen, but it does look like that's the trend that is going to happen.
For now, I guess we should just continue to accumulate, eventually once the bull run will come, a new ATH will surely be reach.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
Panic will make us regret, if we already know the old bitcoin then this is a golden opportunity to get profit in 2 or a maximum of 3 years, make bitcoin for long -term investment because I'm sure the price and needs of bitcoin will continue to increase, and 2 more years The price will reach at least 5x from now, we cannot get this if investing elsewhere.
There's probably a motion to bitcoin's price together with the entire crypto market. Every announcement that's related to the rates set by the FED, there's an equal reaction to most markets and that's not just only limited to the bitcoin/crypto market. I am in that impression and wanting to believe that if good things come before and after this year ends, we've already seen the bottom and it's not going to be lower than that. But at the same time, this is the crypto market you expect the unexpected.
The current market conditions are chaotic, there are a lot of trust issues, FUD is all over the place, and the lack of support from big investors makes it hard for prices to go up. People tend to stick around and not invest right away even when they realize that $16K or $17K is still low. The bottom may still be reached for the rest of the year, but I don't really expect it.After the price can return to $ 17K, we deserve to be optimistic that the market will immediately rise, it might not skyrocket like 2021, but if the price can reach at least $ 20K at the end of the year, it becomes a good start to see a higher price in 2023. The number of FUDS is very disturbing and panic so that there is a pressure, hopefully the FTX case can end soon and there will be no other Exchanges cases.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
The price of bitcoin like the price of any other asset fluctuates, I have never seen the 17k level as important at all, the real resistance level is at 20k and we are going to remain at that price for a very long time, so it is important that people learn to remain calm and try to not give too much attention to something like this since it is simply not worth it, as it would not surprise me if the price went down once again but the price remained above 16k and such a movement will mean absolutely nothing.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
The price of bitcoin like the price of any other asset fluctuates, I have never seen the 17k level as important at all, the real resistance level is at 20k and we are going to remain at that price for a very long time, so it is important that people learn to remain calm and try to not give too much attention to something like this since it is simply not worth it, as it would not surprise me if the price went down once again but the price remained above 16k and such a movement will mean absolutely nothing.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
The price of bitcoin like the price of any other asset fluctuates, I have never seen the 17k level as important at all, the real resistance level is at 20k and we are going to remain at that price for a very long time, so it is important that people learn to remain calm and try to not give too much attention to something like this since it is simply not worth it, as it would not surprise me if the price went down once again but the price remained above 16k and such a movement will mean absolutely nothing.
Bitcoin may have a hard time dealing with this bearish influence, but that doesn't mean it won't increase because one day, bitcoin will experience a reversal, which means the price of bitcoin will go up again. At the moment, bitcoin is back at a price of $16k, a small decline experienced by bitcoin and if this situation continues to decline, we should not panic but can use the moment of the decline by buying more bitcoins. So we need to calm down when we see dips and don't need to panic because this situation is only temporary.
About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.
I cannot predict or be as sure as you that bitcoin will hit 20k in the next few weeks but I will agree with you that this is the right time to buy more bitcoins and hold because bitcoin probably won't go up in the short term but in the long run there's nothing to worry about. If you believe bitcoin can reach 20k, then you should buy more now because when bitcoin hits 20k you will also get a substantial profit.
There's probably a motion to bitcoin's price together with the entire crypto market. Every announcement that's related to the rates set by the FED, there's an equal reaction to most markets and that's not just only limited to the bitcoin/crypto market. I am in that impression and wanting to believe that if good things come before and after this year ends, we've already seen the bottom and it's not going to be lower than that. But at the same time, this is the crypto market you expect the unexpected.
The current market conditions are chaotic, there are a lot of trust issues, FUD is all over the place, and the lack of support from big investors makes it hard for prices to go up. People tend to stick around and not invest right away even when they realize that $16K or $17K is still low. The bottom may still be reached for the rest of the year, but I don't really expect it. Yes, there's likely a connection about the FED and changing the interest rates. But we have to wait for the official announcement which might come within the next few days or even a week or two or more. It's okay to get excited as we're always dealing with the reality, it just seems that we've already dealt the worst of this season and the market is becoming better. Any price that bitcoin goes up is giving us that boost no matter how huge or small it is.
The Fed will meet on the 3rd and will announce rates after that, I also believe that the market will have a positive reaction because many people predict the Fed will actually cut rates for this hike.If there is no other collapse, we have bottom for this year's bear season but we should pay attention to the rumors surrounding Gemini, Genesis, if they declare bankruptcy then we will continue to find new bottoms. As I said, I will continue to be cautious even though the market is showing positive signals.
A great sign for Bitcoin. More evidence that the ultimate bottom for the year may already be in and we could even get a little Christmas rally here. With people starting to eye the end of this economic contraction and the halving, we could be leaving the worst of it.
And what's more interesting, we're nearer to the halving and this year is about to end. It's true that we may have already done with the bear market, and we already hit the bottom for bitcoin. The world situation is starting to get better than the previous years because they're the worst and that would impact directly to bitcoin even if we say that it's highly not correlated.We still have over 500 days left until the halving, so it's not a short time. As I understand it, the positive market reaction is a result of the news from the Fed that they will begin to slow down the pace of raising interest rates but interest rates are still high and they say they can extend rate hike until 2024, so I don't think bear season is really over. We shouldn't get too excited as bitcoin is only up slightly and hasn't been able to break through $18k and $20k is an important level for the end of the year.
The Fed will meet on the 3rd and will announce rates after that, I also believe that the market will have a positive reaction because many people predict the Fed will actually cut rates for this hike.
If there is no other collapse, we have bottom for this year's bear season but we should pay attention to the rumors surrounding Gemini, Genesis, if they declare bankruptcy then we will continue to find new bottoms. As I said, I will continue to be cautious even though the market is showing positive signals.
About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.
As much as I would like your predictions to come true, I would advise you not to be too optimistic as we are still in a bear market and it isn't over yet, things could also turn out differently as well. In most of the bitcoin price discussions at the beginning of the month, people always have bullish expectations, but we see that from September till now, we always end up in the red even though at the beginning of the month, things are going out very well. I am still more cautious with the market than it will recover.
About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.
I also believe it.Bitcoin price staying under $16.4$-$17k last 2month but this weeek bitcoin price growing and reached $17k+. I still believe that bitcoin price correction. Bitcoin is long term survive coin. When bitcoin price dumped then few month or 1 year later New ATH bitcoin more bumped and bitcoin price surprised us.I believe that bitcoin price will recover soon and bitcoin will be more development in future.
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