To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.
You can be sure that when the price is close to $20K, there will be many who will speculate, especially large traders who are looking for opportunities to maneuver, which could make the price go back down or increase again because they buy. I'm sure many will do the same as you and quickly sell when the price drops to $12K and buy at that price because of the opportunity to buy cheaply.But I don't think the price will fall below $20K because many people don't want to try to intervene, especially the big traders. 
Topic: Bitcoin is not going to $12k. - page 3. (Read 984 times)
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
We already experienced few big dumps, some bad news made significant drops in BTC price. But the price still can survive above $20k, it means there is a strong resistance above $20k. Although it is not impossible for BTC price to drop again below $20k, I believe it won't happen as long as there is no more terrible bad news. Sure, the bad news will always be possible to happen. But if it is just common FUDs, it won't impact significantly to BTC price. FUDs is no longer surprising thing, we are familiar enough with FUDs.Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.
I don't know in what way they can determine it. But I really doubt it if BTC will drop around $12k-8k$. The bearish period is almost over, we are heading the end of second year of bearish. Even there will be dump again, ideally it should be not very far from the current price.
Not just this year but as I said, we've bottomed out this bear season. I also believe we have more corrections left because if we rely on a 4-year cycle, the uptrend is still more than a year away. But for bitcoin to create a new bottom and lower than $15k is very unlikely and has never happened in the past.
About the price prediction at the end of the year, when people are constantly expecting and believing that bitcoin will surpass $35k or hit $40k before the year is over. I'm starting to fear that won't happen because during this bear season, I've seen bitcoin frequently move against crowd expectations and I think it will continue to do so. Presumably, we will still be under $30k before the end of the year, IMO.
That is true, I agree that is going to be the case for it as well without a doubt. A lot of people act as if this is a big deal where it could keep on crashing down but the reality is that it is not going to keep crashing down, we are going to keep doing better eventually.About the price prediction at the end of the year, when people are constantly expecting and believing that bitcoin will surpass $35k or hit $40k before the year is over. I'm starting to fear that won't happen because during this bear season, I've seen bitcoin frequently move against crowd expectations and I think it will continue to do so. Presumably, we will still be under $30k before the end of the year, IMO.
We just need some patience for it and we need to wait for that time to come, maybe it doesn't look that bright at this moment but I bet you that it will start to look good after a while and after that it will not look bad for a very long time. The bull run is around the corner and it is about to happen, we may need to wait a bit more for it but when that comes in we are going to make profit like never before and the prices will hit new ATH.
To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
that is too low to look at mate, 15k from 25k? I also think that we will not be seeing that at least not in this year?In other words, we should hope that $25,000-$24,700 is sustained, if not, there might be some further unexpected bearish movements that might open the way that will make the target of the OP to be possible.
The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.
even if we don't wanna go yet it is the market to dictate mate, meaning we are not the one who will decide the faith of the market but whales.Quote
Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.
good luck with the result mate, hope that DCA will help you grow your folio.
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
that is too low to look at mate, 15k from 25k? I also think that we will not be seeing that at least not in this year?Not just this year but as I said, we've bottomed out this bear season. I also believe we have more corrections left because if we rely on a 4-year cycle, the uptrend is still more than a year away. But for bitcoin to create a new bottom and lower than $15k is very unlikely and has never happened in the past.
About the price prediction at the end of the year, when people are constantly expecting and believing that bitcoin will surpass $35k or hit $40k before the year is over. I'm starting to fear that won't happen because during this bear season, I've seen bitcoin frequently move against crowd expectations and I think it will continue to do so. Presumably, we will still be under $30k before the end of the year, IMO.
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
that is too low to look at mate, 15k from 25k? I also think that we will not be seeing that at least not in this year?
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
that is too low to look at mate, 15k from 25k? I also think that we will not be seeing that at least not in this year?Precise prediction is really tough with bitcoin.
$20k is where its gonna bottoms out, even we've seen $16k this year around but after the price recovering back i'm sure $20k is where people gonna bag it and thus gonna be the bottom of bitcoin.
even though this year i don't really think bitcoin gonna go past $30k since the current circumstance doesn't show that good.
but i'm sure though that in the future lik in 2024 and 2025 bitcoin gonna be regaining massive new all time high that gonna shocks many, bitcoin always known to make comeback after certain period of bearish run in which in this case
we've gotten too long of a bearish, and everyone is already making accumulation at the bottom i guess, so its only gonna go up in the next year though everything still uncertain.
I'm not even expecting it to go around $20k because the market isn't looking that weak at the moment. We have seen it going to $25k but then going back to around $28k after a few days and if it were to go lower, it would have gone there right after that. However, there can always be some negative news that might spread FUD and create a negative environment in the market and we all know what happens if something like that happens, people will start panic selling.even though this year i don't really think bitcoin gonna go past $30k since the current circumstance doesn't show that good.
but i'm sure though that in the future lik in 2024 and 2025 bitcoin gonna be regaining massive new all time high that gonna shocks many, bitcoin always known to make comeback after certain period of bearish run in which in this case
we've gotten too long of a bearish, and everyone is already making accumulation at the bottom i guess, so its only gonna go up in the next year though everything still uncertain.
We can't stop panic sellers, there will always be some people who will start panicking when they see a small drop in the market and if they hear negative news. The reason for that is that they don't understand the market very well as they are new investors so they are afraid of losing their money.
Precise prediction is really tough with bitcoin. Unexpected incidents happening with bitcoin is the reason for the market upward and downward movement. Before big rise in the price there used to be fluctuation in the market. What we experience seems like regular market pattern. We don't know how far the price will go high or low, but in the upcoming days we can expect price reach around $20k and not lower.
If Bitcoin doesn't go below $20k it will be a relief for traders. But Bitcoin will not go to the next downtrend so quickly and we have seen that for the past few months, the movement of Bitcoin was very slow, going up and down in a certain area. Last week we saw a large movement in the price of Bitcoin which indicated volatility in the market. So according to the current market, we may see a big movement in the market again in the next few days or weeks. And before the halving, it is expected to see a big movement in the market, and this movement will be the opportunity for many traders to join the next bull market. 
Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.
It is very difficult to predict the market correctly, the market often reacts in a way that surprises the majority of traders. Before every bull market starts, there is a shakeout that forces weak sellers to sell their bitcoins, so it is important to watch how the market reacts before the next halving and prepare for extreme levels of volatility in the market. To keep yourself under control. Now if bitcoin goes to $12k again it will be very unexpected, again for many investors this will be an opportunity to strengthen their positions, so there is huge liquidity at this level.
recent dumps couldn't even drive bitcoin price to go below $20k for so long, its now already recovering back really good at $25k. the starting point for bitcoin nowadays even at its lowest is definitely gonna be around $20k.
so not need to worry about the price going down that low.
after halving the price will be leaning more towards bullish so I don't think discussion about it being below $12k is anything relevant anymore.
the only way bitcoin could go that low is if something like USDT collapse.
so not need to worry about the price going down that low.
I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins. It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.
this is true, bitcoin level right now is waay past $12k i wonder why people are keep sweating about it getting down below $12k. meanwhile right now bitcoin is stable at around $25k.after halving the price will be leaning more towards bullish so I don't think discussion about it being below $12k is anything relevant anymore.
the only way bitcoin could go that low is if something like USDT collapse.
The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.
If you have never thought about doing a big dump on Bitcoin, that means on the one hand you are still hoping for a better price increase in Bitcoin this year and the following years. And actually what you say also makes a lot of sense because crypto market fluctuations are always there, especially Bitcoin which is currently still looking difficult to increase in price.Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.
If that pattern happens again with Bitcoin, I'm more sure there will be more people willing to take advantage of it for greater profits. But in terms of the price decline specifically in Bitcoin I would not consider it a garbage dump because we are talking about Bitcoin which is no longer labeled as garbage but rather as a fairly good asset in the crypto space. Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.
It is very difficult to predict the market correctly, the market often reacts in a way that surprises the majority of traders. Before every bull market starts, there is a shakeout that forces weak sellers to sell their bitcoins, so it is important to watch how the market reacts before the next halving and prepare for extreme levels of volatility in the market. To keep yourself under control. Now if bitcoin goes to $12k again it will be very unexpected, again for many investors this will be an opportunity to strengthen their positions, so there is huge liquidity at this level. I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.
I don't think that Bitcoin will fall to the level of reaching twelve thousand in this year, because many people is investing in Bitcoin and if people is investing in Bitcoin we don't have to say that Bitcoin will fall to the extent of dropping to twelve thousand, so what i want us to know is that no prediction should be accurate now and we should not depends on the prediction of Bitcoin and invest because we will lose whatever we have, so therefore bitcoin prediction of Bitcoin doesn't determine the increase what determine the increase is the numbers of investors, i have read this statement i made now in someone post, and when I make my research i confirmed that it's trueinto those shock that we arent that anticipating that it would be heading that low. This is why im not really that closing my mind into those probabilities because usually these rumors could really be turning out to be a reality but of course it wont really be that something that having no basis or possible solid reason behind if ever the price would really be going that low. We know that we do only have that extreme low of price of $15k which the price didnt shoot down even more on $10-12k which lots of people had been waiting up for this moment for it to happen.
If you do have that kind of belief that it would be shooting down into that kind of level then it would be normal that you would really be saving up for allocation for some possible buyback.
Talking up realistically then it wont really be that possible that we would really be seeing this low price but well the possibilities is there but totally its unlikely specially we are
fast approaching on the next halving of Bitcoin on which it isnt really that too far off.
Bad typical from trader actually after bitcoin crash few percent and they have unbelievable expected with bitcoin will down under $12k, how possible for bitcoin still stable around $26k and will bitcoin going dump under 50% immediately? Its seems not good speculation actually when bitcoin and some altcoin have lower price right now but there are not possibility with bitcoin will drop drastically. I don't think with second chance moment coming again for Bitcoin after dropping last year under $16k, almost the same when bitcoin on lower price and many speculation bitcoin will drop under $10k but actually most lowest price from bitcoin around $15k and success raising up again to higher price.
Its not easily to speculation about bitcoin will drop to $12k current bitcoin price today, don't blame when bitcoin suddenly dump has chance will drop under $12k because its seems most impossible thing.
Its not easily to speculation about bitcoin will drop to $12k current bitcoin price today, don't blame when bitcoin suddenly dump has chance will drop under $12k because its seems most impossible thing.
I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.
I don't think that Bitcoin will fall to the level of reaching twelve thousand in this year, because many people is investing in Bitcoin and if people is investing in Bitcoin we don't have to say that Bitcoin will fall to the extent of dropping to twelve thousand, so what i want us to know is that no prediction should be accurate now and we should not depends on the prediction of Bitcoin and invest because we will lose whatever we have, so therefore bitcoin prediction of Bitcoin doesn't determine the increase what determine the increase is the numbers of investors, i have read this statement i made now in someone post, and when I make my research i confirmed that it's true
Price is not an indication of real valye behind bitcoin, so keep in mind that even if they manage to pump or dump it to a certain level it's all being done on a very small portion of the total supply.
The proper term for this is lack of liquidity, I'm sure you've heard of it. If an exchange continues to trade on 1% of total supply and things stay in balance, you just need to double that in fiat value (pump), or bitcoin amount (dump) to crash the price.
I think that we are not going anywhere below 16k and that was the bottom. It was already much lower than people expected based on the previous bear market lows.
The proper term for this is lack of liquidity, I'm sure you've heard of it. If an exchange continues to trade on 1% of total supply and things stay in balance, you just need to double that in fiat value (pump), or bitcoin amount (dump) to crash the price.
I think that we are not going anywhere below 16k and that was the bottom. It was already much lower than people expected based on the previous bear market lows.
Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.
Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.
Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.
Source: https://twitter.com/thescalpingpro/status/1694058998092439603
To summarize briefly, bircoin will not fall to the $12k mark, because the amount of positive news prevails over negative. This creates demand for bitcoin among investors, which pushes the price up instead of down. For the price to fall to the $12k mark, something extraordinary must happen, forcing bitcoin holders to get rid of this asset in fear of a price drop. Of course, there is no guarantee that this will not happen, but in the current realities, in general, the crypto market is doing well, given the positive developments that are taking place (list from twitter above).Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.
Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.
Quote
Bitcoin is not Going to $12k 🚨
Here is why :
- 93% of all Bitcoin has now been mined.
- World's largest asset manager Blackrock files for Bitcoin spot ETF
- Mysterious wallet accumulated $3 Billion worth $BTC In just 3 months
- Europe gets its first Spot Bitcoin ETF
- Only 6.3% Of Total Bitcoin Supply Left On Exchanges
- Bitcoin Halving in just 8 months
- Bitcoin supply shock inevitable
This could be the Final Shakeout/Manupulation before the real Bull Run begins. Next 2-3 months are going to be Important!
Don't miss the second chance. Act smart
Here is why :
- 93% of all Bitcoin has now been mined.
- World's largest asset manager Blackrock files for Bitcoin spot ETF
- Mysterious wallet accumulated $3 Billion worth $BTC In just 3 months
- Europe gets its first Spot Bitcoin ETF
- Only 6.3% Of Total Bitcoin Supply Left On Exchanges
- Bitcoin Halving in just 8 months
- Bitcoin supply shock inevitable
This could be the Final Shakeout/Manupulation before the real Bull Run begins. Next 2-3 months are going to be Important!
Don't miss the second chance. Act smart
Source: https://twitter.com/thescalpingpro/status/1694058998092439603
I agree with OP and with the statement that the price of bitcoin will not fall below $15k. For this, the prerequisites are not foreseen (still be able to foresee them). This is my speculative opinion. And if the price does reach this level (which I strongly doubt), then this will be a great opportunity to accumulate cheap 123btc, which I believe will not happen soon (if ever the opportunity to buy bitcoin for $12k arises).
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