Topic: Bitcoin is not going to $12k. - page 6. (Read 930 times)

Ever since Bitcoin went above $10,000 a few months after that pandemic crash back in March of 2020, I knew it already that it will be the last time we will be seeing Bitcoin's price at near the $10,000 price.

Though anything is still possible, the chances of Bitcoin going down to $12,000 or even $10,000 are very low to near to zero. I mean the Blackrock filing for a spot ETF alone is enough already to tell that it will not reach that price again, but on the other hand, it might still happen if the filing will be rejected most probably next year. This filing is kind of like "we reach $100,000 in no time, or we go lower than the lows of 2022 at $17,000, and we might reach $12,000 if it gets rejected".

Overall, whatever the data we share here, whatever the charts we share here, whatever videos we share, all of us are just speculating because after all, we don't know what can happen to Bitcoin's price. Yes we can speculate base on history, but the truth is, there's always a chance for the other thing to happen. It's all a probability, not a certainty. As for Bitcoin going to $12,000, I guess Blackrock's filing get ejected is enough to put it down to that price again, or a series of negative news that have a huge impact towards investors might bring the price down to $10,000-$12,000 "AGAIN".

During this year's bear season, my conviction remains steadfast, I also don't believe bitcoin can drop to $12k. I believe there will be no more black swans causing bitcoin to be dumped so severely. But I don't think the fact that bitcoin can't fall that deep is due to the halving, the halving is the catalyst for a bull season, but that doesn't mean it can prevent a bitcoin drop. And we also lack evidence to prove that bitcoin will be range bound between $20,000 and $30,000 until the bull season kicks in. When it comes to bitcoin, don't claim anything.

It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.

How about if bitcoin wants go down and take enough strength for the bull run. You will agree with me that for price to do +50%, the coin must first at a point do -50%. I am seeing bitcoin retracting to get enough strength to give us the desired bull run. I am not always offended when the price is going as it is going now because I know that the green days must surely come.
So, 12k is very eminent, it takes only one strong bad news  to create a huge FOMO to destabilise the whole market.

Well, prediction is prediction, nothing is accurate in this matter, to be honest. But we can gather many ideas from the various predictions of other communities here. Anything can happen with Bitcoin, and we all know that here. Now, in my personal view on the matter, I can still believe that the lowest Bitcoin can reach is somewhere between 15k$ and 20k$, not the 12k$ point that others think. Now, why did I say this?

Besides the volatility of the cryptocurrency market, it is really difficult to predict the future price of Bitcoin. One of the things that is possible considering that the 12k$ is unlikely to happen is because Tesla and MicroStrategy have already invested in Bitcoin, and we all know that what they did was a great help in stabilizing the market and attracting even more big investors. in the whole world. What else? The new technologies that the Lightning network now has can help increase adoption so that the price of Bitcoin will increase even more and it is more user-friendly. These are just some of the things I can say that are really vague that fell to 12k$.

When bitcoin drops to $15k due to FTX crash, I also predict bitcoin to drop to $12k or $10k. But things didn't turn out that way, and bitcoin quickly rallied to $30k this year as well. Given what is going on, we cannot say that bear season is over and bitcoin will continue to fluctuate. But getting bitcoin to drop below $20k is also a challenge, let alone reaching $12k. People always theorize about black swans or other reasons, but I believe nothing serious will happen. We have bottomed during the bear season this year and we are in the accumulation phase preparing for the bull season.

Need bigger scandal news to cause panic in the market and in the end many will do panic selling, but what kind of scandal will create big panic?
because the FTX scandal is also not enough to make the BTC price go down very much, so I agree with most people here that BTC will not go down that deep, because the big holders of BTC will continue to make adjustments in the market to keep prices in a reasonable range. Bitcoin has become the concern of many parties so that prices that fall very deeply in a short period of time will be very difficult to happen.

Well, I don't think Bitcoin will plunge to $12k even there's a certain reason for other investors to panic and sell at loss. Many are influence of FUD but there are also investors who are waiting for a much lower price to take advantage.

Bitcoin's price is low at the moment (due to various reasons) but if we look back on its history, this also happened in the past since we can't expect the price to move upward consistently. Thus, bear season is not that bad since you can do something to increase your assets and that is by accumulating while the price is cheap.

At this point of time in this bear market cycle, I do not see the possibility of Bitcoin going to the price of 12k again, though before I was expecting such a price when we were at $15k per Bitcoin. Right now the worst-case scenario that Bitcoin can do is revisit the previous low of 15k. And from there I'm expecting a quick recovery in the of Bitcoin back up.

$12k was not expected even when FTX had crashes in the past. This cycle will end when there is positive news regarding bitcoin - so I wouldn't panic about the potential downside. Bitcoin is not going to be dumped too deep - although it is a possibility, we may need to see there is a big case affecting the market.

We all don't have a crystal ball in our hand - meaning we can never know the future. Cycles will replace to others - but I tend to expect bitcoin price to recover as it gets closer to the halving.

I don't really think that the whales will make the market go as low as $12k because that will then make it extremely difficult for Bitcoin to get back to its previous all-time high and beyond it and if that doesn't happen, the whales won't really have any benefit for doing that. Also, if that happens, there will be a lot of panic and FUD in the market that will make an extremely high amount of retail investors sell their assets which will further decrease the price.

However, I don't find that happening anytime soon, I can't say anything about the next cycle when the market enters the bull market, goes beyond the previous all-time high, and then starts reversing, then it may drop significantly but I wouldn't expect $12k even after that.

I also have a hunch like you. The $15K limit is the lowest support at the moment and if it breaks even lower, for example, like you said $ 12K is far from being a fire even though we know the market is volatile / very wild and there is talk from Powell that he might plan to increase interest rates return interest. I think the possibility of the decline will end soon.

$12,000 is too bearish a scenario, I don't know who even thinks about $8,000.


I guess they get creative and draw lines on charts and come up with those dots.

Of the points cited, the total number of bitcoins mined and the proximity to halving, make one think that the bottom of the cycle has already passed. As this has been the worst cycle for profits, for the price to go down again, piercing the lows of this cycle to that price, would be something unusual and I don't see any logic in it.

Where did $12k come in the first place? I reckon we'd discuss such price levels when Bitcoin reaches idk, $15, $17k? instead of its current stand at $26k. I believe there's still a possibility of it dropping by the late end of the year, but I wouldn't expect it to go past $20k. Even if it does, I believe the $15k we experienced a few months ago was the bottom the market would go, at least for this cycle.

It's not a rush as well imo, still have a few months left so I don't think there's a need to rush. A DCA with higher increments could still benefit you while still having risk management in place imo.

Any price can register briefly in theory with some low amount of volume, the bigger deal is how significant is that low volume outlier price towards actual mainstream volume.   I did guess that 2019 peak prices could now also register as a very extreme, then we lost the negative 2022 trend and it should be the case the low is in and proven so that possibility has passed.  
   In this current action once again people believe we can be tested to that extreme and a new low not seen in 4 years will happen so this is all very bearish.   My main point is not all prices are equal, the volume and confidence in the same price tends to vary alot; the low might only briefly register and be low confidence as valid.
   Are we more negative in sentiment now after the interest rate rises and market falls, I thought the greatest negative would come in speculation rather then after the majority of rate rises occur.   The dollar and its index to the world via Forex and other trade is about as tough as its going to get, we are above 100 Dxy but imo its quite possible the Dollar can waver and lose 100 trading below.  If others believe that possible they are ready to buy alternatives to the Dollar such as BTC or many other commodity type assets that traditionally trade inversely.
    I would not guess now a new low, thats my summary we are revising previous gains since the 2022 low but I dont guess there is another negative to do more then reduce our confidences, people arent especially wanting to sell imo.

I mean I've been waiting for a long time for the market price of Bitcoin to drop around 10k$ but it doesnt happen probably that price was just too low for the market price of Bitcoin today we already know that Bitcoin adaptation this past year was just huge and there are already a lot of users that came into cryptocurrency just because it is already adapted into a lot of platforms and even banks.

For sure there is always a possibility that we can drop to 12k$ in the coming months or years, I mean the market is just unpredictable so it is still possible but I just dont think it is going to happen because there are a lot of investors, and newbies that want to and interested on Bitcoin when the market drops a few percentages a lot of investors are going to go in as well pumping the market price back to the top an again if the market price drop to 12k$ it is for sure going to bounce back easily

I mean although I do agree that "anything" could happen in the crypto world because "technically" speaking it can be both 12 dollars and 12 million dollars since they are all possible, I also think that we need to be realistic about it too. I do not see it becoming either of those, and also 12k as well. Is that possible? Sure, if we are talking about technicality then we can say that it is possible but also just as I know it won't be a million dollars soon, it also won't be 12k as well. This doesn't mean you should think exactly the way I think, you could have your own opinion and think however you want, this is just what I think about it and act accordingly myself.

First – nobody knows about the future, even you never know what will happen tomorrow. Bitcoin has two potentials - the first is good potential ^{[price goes up]} and the second potential is bad ^{[price drops unexpectedly].} Both are good to consider - even if you really believe in your analysis. There's no need to ignore either one - but you only need to make adjustments the next time you see that $12k in front of your monitor.

Someone is actually watin on the price to fall back to 12k ? Wow that's really big time plan because I don see actually dropping that low and more over even this sudden is a good enough opportunity to buy but although many people have seen it differently because they are afraid and are selling their holdings thinking the dip will move further which is actually a very bad choice because before ever they started they would have thought on the volatility of bitcoin and made a good investment plan before running off like chickens and selling off in spike of a little dip.

With the low price of bitcoin in this year's bear season, it will be difficult to know what price it will be, whether it will fall further to $20k or remain stagnant between the price of $25k-$26k for months before it starts its upward movement to $30k-$35k at the end of the year. The price direction of bitcoin currently is kinda confusing for one to know the exact way it will be heading to

If bitcoin were to fall to $12k-$8k, it would have done so in the second quarter of the year, not at this time there are still a few months until the halving season in which it plans to achieve that (drop to $12k). If the price of bitcoin continues to drop, from its price of $26k, I think it might hit a minimum of $20k, which would be around September.