Topic: Bitcoin is not going to $12k. - page 7. (Read 930 times)

We know that on this market, everything could really happen. Even if its too far off on where we are now but if things turns out to be shit specially tons of negative news then it wont really be shocking that it would

really be driving the market price down on which this really that something that could possibly happen knowing that this market is truly unpredictable.You cant really blame out those people who were expecting
for 10-12k price knowing that the price had bottomed 15k for this cycle as its all time low and there's a possibility that it might be touching up something lower but in overall it is really that hard to believe on
about on reaching up that low since we do have some strong supports below those prices on which we could really be able to see it on technical terms and analysis.

If you do believe that the price would really be going down on $12k then its your choice and not something that you could really be stopped just because everyone is really just telling so.
Act according into your own ways and analaysis.

At least I don't think there is the best reason to expect bitcoin price to drop to $15k in 2023 - 2025. But the bad things about its future also can't be ignored including regulation or otherwise. Of course it can have a significant impact. I believe bitcoin can still correct, but not for $15k when bitcoin is getting closer to the halving. Long term investor strength and support will keep bitcoin price above $20k and will probably get better over time until it hits its latest ATH.

It's like that we're passed with that price already and if the price is close to that then that should be the $15k last year. Although I'd believe that there's still the chance but it's much slimmer. And prior to the halving, this gives the stronger point for Bitcoin that we likely have the new bottom which is $25k-$26kish. And just not to hurt my feelings and thoughts about how volatile Bitcoin is, I'd always think that anything is possible even if we're far from seeing it happening, we will never know if the price is gonna be lower or higher any moment from now. A pull back or a strong push is always likely to happen but I'd side to the benefits of halving.

Those who make new laws against anything must also go through research or analysis that is more logical because for any prohibition there must be logical reasons that have been examined before passing the law. So what has been seen so far is that there are no specific laws in any country to prohibit the use of Bitcoin so that the possibility of a price increase to reach an all-time high could still happen to Bitcoin. Because there are still quite a lot of uses and it is still quite popular.

I think that if the price falls below $20k, the fall will continue to the level of the previous bottom. By the way, this already happened in January, but people were afraid to buy and many thought that the fall will continue. So if the price falls again, there will be panic in the market. Such an opportunity should be taken advantage of.

This one will not happen unless there's no big crypto institution collapsed or some strong laws disallow the usage of bitcoin globally. But if there's no like that and good news are always bound to come then maybe we can expect that this incident will never happen and bitcoin will remain to its current low and possibly may pump up again until it reach to its new all time high which is long waited to come by many investors.

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

Right now the trading volumes are low, which opens the door for high volatility. The price might drop to 15K USD, because there aren't enough buyers, but it might go up to 30-35K USD, if some big whale buyers appear out of nowhere and start buying. This might also create a small FOMO and a short term price bubble. Nothing is certain. Let's see what will happen with the Blackrock ETF. I believe that Blackrock is completely capable of pumping the market to ATH levels(if they really want to) . On the other hand, we might see the market stagnating during the last 4 months of 2023 and a price recovery in the first quarter of 2024.

You are right in your approach and it's a fact that Bitcoin won't be dropping to $12k price mark anymore. I know that in coming days or weeks there can be another dip in Bitcoin's price but it won't be very intense. The Bitcoin may also recover some of its value in coming days that it lost due to the recent dip because I believe that the investors are once again interested in it and they might want to accumulate more of it and wait for halving event to take place. Most of the investors will probably wait for the next bull run before selling their holdings.

Those investors may hold Bitcoin for a year or two to gain more than 100% profit form their investment and I believe that if they have good capital to invest in it right now then they'll definitely make good returns from their investment. I believe that if a sudden event takes place which may create a dump in Bitcoin's price once again then during such dips many of the accumulators will try their best to accumulate as much Bitcoin as their financial condition allows them.

According to the statistics and the charts there won't be any event that could take the price of Bitcoin to $12k once again, but still if that kind of event takes place then the condition of the crypto-market will be very bad. Most of those useless shit-coins would be 0 in value and a few of them would lose their value by a huge %age. But, only a very catastrophic event could bring Bitcoin's price back to $12k because in normal dips or market dumps the price won't drop so drastically.

I also saw this on my twitter and I also believe bitcoin will never drop to 12k in this bear cycle, we actually bottomed and it happened last year. If those people still believe that bitcoin will make a new bottom and are still waiting for it, they will regret it like they missed the $15k bottom. The halving is still far away and the market will still have corrections, it is inevitable but bitcoin will never drop below 20k again, IMO. People will say that the future is unpredictable but they themselves are not certain that bitcoin will drop in the future, so be confident with your predictions.

For me, we have reach the bottom already for this bear market when we go down to $15,500 last year. The only what that we might see another lowest low is that if we have another black swan even like Terra Luna and the FTX collapse.

So far the dip that we have has something to do with Elon Musk (as first speculated), or some bad timing in the Chinese market causing a huge dump.

But hopefully, there will be no black swan event this year, thus we might not see the price going below $20k at least.

Institutions can be whales too, so we shouldn't expect them to support bitcoin if it drops to $20k, and maybe they are the ones looking to push bitcoin down even more.



If we look at the 4-year cycle of the market, we still have a long way to go, we are only 2/3 of the way there.


I really want to know the thoughts of those who believe bitcoin will drop to $12k, because I can't think of any reason.


When bitcoin was trading at 30k for a long time, and if I remember correctly, bitcoin was sideways for almost 8 weeks before falling, and many people thought the same as you. People believed that $30k would be unbreakable but eventually, bitcoin dropped to $26,000. We can be optimistic not to be subjective with the current market situation.

Whenever there is a dip we have so many negative speculations about Bitcoin that price is going very low and we have also seen that all such speculations have gone wrong till date. I don't know why there is so much negativity in market after there is small price correction. See price of Bitcoin is very much stable at 26K and there is very little chance that price drop below 25k$ or 26k$. Its time to put your faith in Bitcoin and avoid all the FUD spread in the market.

Negativity on major exchanges is not affecting the Bitcoin price as negatively as it used to. This is good news for Bitcoin. At the same time, the reason why this news doesn't affect Bitcoin is because Bitcoin has savvy investors. Maybe the reason why the price isn't going up is because they can't get Bitcoin down to the price they want. So they may not be collecting the amount of Bitcoin they want.

I don't think the price will go below 20,000. We have to be patient. Bitcoin will go up.

Going down to 20k is impossible, let alone up to 12k, that's even more impossible. Currently there are many smart investors because the decline that occurred in my opinion is a healthy decline, and does not make them panic sell.
and although some still panic sell when the price of Bitcoin drops, they may still be very new to the industry. And this is natural because that's what we experienced at that time, and in the end we won't panic when the Bitcoin price drops and instead get into the habit of buying more Bitcoin because that's the best discount. So things like that are what they will feel because it is something new and it will be their experience that will not be repeated, so it is unlikely that the price of Bitcoin will drop that far given the ever-increasing demand.
This drop is the best moment to collect more Bitcoins, and save them for the long term to make a satisfying profit.

We need to understand that in the cryptocurrency industry, there is no price that is impossible to attain, be it upwards or downwards. For instance, if the price is at 25k, there is no guarantee that panic will not take the price to 20k. If the price gets to 20k, there is no guarantee that panic will not take it to 15k and if at 15k,  there is no assurance that panic will not take it to12k or 10k. That is how it is, there is always FUD to drag the price more downward and there is always FOMO to pull the price upwards.
Personally, I think 12k is too far low for bitcoin. If by chance bitcoin gets to 12k, it means that there is every possibility that bull run will not happen in the next halving.

Although I don't believe Bitcoin will drop below $15k or up to $12k, but it could happen when there is more negative news that can make people panic. People's panic can get bigger if they read or find other negative news related to crypto, especially Bitcoin.

People who have just joined Bitcoin and have no self-control in reading the news need to be made aware of this. They can be so easily swayed by the words or tweets of people they think are “crypto experts” that they will immediately believe them. And this condition will be exacerbated when they immediately sell their Bitcoin and decide to get out of the market.

Even if they were aware, they could use that moment of deep dips to be able to buy more Bitcoins. Bitcoin's journey will become even more interesting towards the end of this year as there will be more shocks for the Bitcoin market. We have to tighten our belts so we can get through it well. Keep your Bitcoin HODL and accumulate at a low price to get more Bitcoins.

To my mind it is already the lowest in this cycle even now it is still far away at that point but more manipulation news about speculation that says bitcoin fell deeper but in my mind it is not so, it remains last year which became the center of its lows.

Sure that it was already on the verge of a decline last year, but I wouldn't be skeptical because we all have faith in bitcoin which holds that the price will not be more than $10k this even I consider the news that continues to be heralded so that more people panic while the whales can buy at the bottom again.

We prove how bitcoin moves down or up. I am optimistic upwards.

nah! Absolutely not!
I'm getting the sense of a usual bear market atmosphere. Personally, I'm not convinced that Bitcoin will go under $20k, but it looks like there's an opportunity to accumulate at a lower price. This is the moment between market lows and bullish. Bull markets make people rich, but become wealthy in bear markets. We should not allow the bottom to not only drop, but take the benefits as well.

I share the same thoughts with you. I think we've actually seen the last bottom of the bottom for the bearish season and that's $15k, there's no way Bitcoin is going to take a dive to $8k. So, if there are persons still dreaming and hoping for this to happen, I don't think it's going to be feasible. It is just the normal market condition that dragged the price to $25.8k which might be expected or not, but I believe the market will soon turn green, and the price will retrace back to $30k. With the Bitcoin halving just less than a year from now, I only expect some kind of price spike before the bull season takes off.