Topic: Bitcoin scenario crashing to $20.000 - $23.000 - page 2. (Read 1186 times)
Good shape to BTC progress but it has to get past the 50% retraction level for the June top to bottom pricing, once it does that and maintains above the 50 day average it has my confidence we can actually go somewhere.
50 day MA rising and holding this pattern is good but we continue to hesitate and volume to the rise is so far below the volume to the drop that I presume it can only mean we must fight far larger in future to rise back to yearly averages in a proper recovery. Basically I think this autumn into the end of the year is the reasonable timescale for our recovery.
The price of bitcoin have reached $24200 in the last 24hrs. The week have started with a bullish move, and now slowly the market price of bitcoin have touched $23800. This is something common in the market. Now the price will try to create momentum around the range of $23k - $24k. Achieving this could push the price cross the barrier $25k. So, in the upcoming week there is more chances of $25k.
Making these type of predictions is not really that hard when you are not followed up. I mean if you asked anyone what the price peak will be in august (right now) and then September and October and November. There would be very very few people who will get it right, and I mean like make it an online thing.
I know this because I have gambled at freebitco.in for a while now and rarely people know where it will end up, and let alone do that back to back. So, some guy could know about what it will do once, but could they do it back to back for a long time? Because you need to do it like that in order for me to start listening to what you are saying and make trades based on that.
I know this because I have gambled at freebitco.in for a while now and rarely people know where it will end up, and let alone do that back to back. So, some guy could know about what it will do once, but could they do it back to back for a long time? Because you need to do it like that in order for me to start listening to what you are saying and make trades based on that.
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
I believe the price of Bitcoin will always be above $20k until next year, and $18k is an all time low for the bear market this time, because according to technical analysis Bitcoin is really at the point of oversold, which means that many have sold Bitcoin when the price under $20k, well I hope this is true
analysis would be telling us but at least it do really give out some idea on where it could possibly go but telling about wont be going below 20k for this year is nothing can be assured.
Everything could really be a possibility because this market is totally unpredictable and there's no way that you could really make fix presumptions about price or numbers
that might end up for this year but i do hope we would be seeing some significant numbers for this year.
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
I believe the price of Bitcoin will always be above $20k until next year, and $18k is an all time low for the bear market this time, because according to technical analysis Bitcoin is really at the point of oversold, which means that many have sold Bitcoin when the price under $20k, well I hope this is true
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
Bitcoin is still under $30k in my opinion, it's still very risky to be under $20k again, because some time ago Bitcoin also reached $18k, of course this is a sign that the price is still very weak, especially now that the war between China and Taiwan is heating up,
and interest rates are going up, yes the market is volatile and better wait.
What do you mean risky? if you are going to purchase when the price goes under $20k, invest and hold then where is the risk there? bitcoin is on the top of the food chain because of supply and demand. And when we hit the halving in the next 2 years and as the supply is dwindling there could be demand in the future. And right after the halving we may have to experience bull run again. So the risk that we are taking today will be worth. Yes, there are a lot of things going around the world that can affect the price, it would hit global trades and the world economy, and not just bitcoin market that will be severely impacted by other traditional financial markets.
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
Bitcoin is still under $30k in my opinion, it's still very risky to be under $20k again, because some time ago Bitcoin also reached $18k, of course this is a sign that the price is still very weak, especially now that the war between China and Taiwan is heating up,
and interest rates are going up, yes the market is volatile and better wait.
There is no loss in bitcoin as long as you are not willing to sell and in order to do that you have to believe it, many people did in the past and they are in big profits, and if you are not sure if we will survive the current situation, then you do not know much about bitcoin.
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
Bitcoin is still under $30k in my opinion, it's still very risky to be under $20k again, because some time ago Bitcoin also reached $18k, of course this is a sign that the price is still very weak, especially now that the war between China and Taiwan is heating up,
and interest rates are going up, yes the market is volatile and better wait.
Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.
It is possible that the bitcoin price scenario will drop to the $20k-$23k area which is likely to occur in the next few weeks, especially until now bitcoin has not been able to lift its price back, where currently the bitcoin price is traded in the $28k-29k area.
And what is your fundamental explanation why Bitcoin drops down to that level in a few weeks? Coz what I'm seeing is the continued buying and selling that causes Bitcoin price to stay within the 28k-$30k region. Though there is always a possibility as nobody can predict accurately, but looking at the price actions and market sentiments currently, I don't think it would fall below that level as soon as the coming weeks. On top of that, most of the banks that now offer more money, do not make that because stock market crashed and that is where main income came from. Hence, I think it is quite understandable for everyone to not make a mistake about crypto right now, and buy into it.
The right prediction is because we are in the price range of $ 20k- $ 23k, but as an investor who wants to be successful, this is a good opportunity to buy, don't buy when the price of rising, but when red like now is a good opportunity to buy at a price inexpensive.
It is possible that the bitcoin price scenario will drop to the $20k-$23k area which is likely to occur in the next few weeks, especially until now bitcoin has not been able to lift its price back, where currently the bitcoin price is traded in the $28k-29k area.
And what is your fundamental explanation why Bitcoin drops down to that level in a few weeks? Coz what I'm seeing is the continued buying and selling that causes Bitcoin price to stay within the 28k-$30k region. Though there is always a possibility as nobody can predict accurately, but looking at the price actions and market sentiments currently, I don't think it would fall below that level as soon as the coming weeks.
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
Don't get ahead of your self mate, $40k is unlikely, we are still in the bear market, and this recent spike could not be sustain then we will go back below $20k again. We even reaches as high as almost $22k if I'm not mistaken last week and yet it did go down again. And which means that speculators are playing the market, and whenever they see a good chance to sell and make a profit they will do it. So I'm expecting the same here, if we ever reaches $22k this week, I'm expecting another sell-off. So this might be another trap being set to us by manipulators so just be careful and just expect the worst this year.
Hence, I do not see it as a big trouble, I see this as an inevitable thing that we are waiting for. For all these, I am not selling my coins, I am just holding them and I think it will go up very much. So much so that, if I hold it for another 3 cycles like this, I will be able to retire as a rich person.
I do agree, yes we can do x2 or even more, but what I'm saying is that the prevalent market conditions, we are in a bear market and as what the article link by the OP, this is mostly the case right now, We will remain in that price range, $20k-$23k, because of what is going on and recovery will really take some time.
so I doubt that even a $30k push is possible in the next couple of months or even at the end of the year. We have to accept that scenario that we are really in a bear market and that we have to endure it again.
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
Don't get ahead of your self mate, $40k is unlikely, we are still in the bear market, and this recent spike could not be sustain then we will go back below $20k again. We even reaches as high as almost $22k if I'm not mistaken last week and yet it did go down again. And which means that speculators are playing the market, and whenever they see a good chance to sell and make a profit they will do it. So I'm expecting the same here, if we ever reaches $22k this week, I'm expecting another sell-off. So this might be another trap being set to us by manipulators so just be careful and just expect the worst this year.
Hence, I do not see it as a big trouble, I see this as an inevitable thing that we are waiting for. For all these, I am not selling my coins, I am just holding them and I think it will go up very much. So much so that, if I hold it for another 3 cycles like this, I will be able to retire as a rich person.
It seems to me that at any moment the same story could happen to cryptocurrencies as it once happened to dot.coms. Surprisingly by the way, back then Michael Saylor went bankrupt. 
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
Don't get ahead of your self mate, $40k is unlikely, we are still in the bear market, and this recent spike could not be sustain then we will go back below $20k again. We even reaches as high as almost $22k if I'm not mistaken last week and yet it did go down again. And which means that speculators are playing the market, and whenever they see a good chance to sell and make a profit they will do it. So I'm expecting the same here, if we ever reaches $22k this week, I'm expecting another sell-off. So this might be another trap being set to us by manipulators so just be careful and just expect the worst this year.
Hence, I do not see it as a big trouble, I see this as an inevitable thing that we are waiting for. For all these, I am not selling my coins, I am just holding them and I think it will go up very much. So much so that, if I hold it for another 3 cycles like this, I will be able to retire as a rich person.
The reaction of people in cryptocurrency downfall recently is what is making some people to predict wrongly about cryptocurrency everybody knows that what is happening now in cryptocurrency has happened before and he is not going to be the last all the first cryptocurrency experiencing negative reaction in the market so from my own point of view I understand that cryptocurrency is a currency that without it down for it will not to make a popularity
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
Don't get ahead of your self mate, $40k is unlikely, we are still in the bear market, and this recent spike could not be sustain then we will go back below $20k again. We even reaches as high as almost $22k if I'm not mistaken last week and yet it did go down again. And which means that speculators are playing the market, and whenever they see a good chance to sell and make a profit they will do it. So I'm expecting the same here, if we ever reaches $22k this week, I'm expecting another sell-off. So this might be another trap being set to us by manipulators so just be careful and just expect the worst this year.
Currently Bitcoin is trying to maintain its important support in the $19K-$20K area. Of course this area becomes very important for bitcoin to maintain because if the area is broken down then the next closest support is in the $15K-$16K area. I think this is the worst case scenario in this bear phase. Therefore, it is hoped that this scenario will not happen.
right now Bitcoin is having small increment for it volume. It's for last week when the was unbearable and Which some people prediction go exactly to $17000 and why some people said that bottom line will be directly to $12000 which we expected and Bitcoin the price has not gotten to that, and instead Bitcoin maintain such values of $19000 and $20,000 which now right now is at $21000 and approaching to $22000 
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
I don't expect a $40k soon, we are in a bear market so the price will likely go down. Actually, we can consider the current price as the bottom already as it's very cheap versus its ATH, but it's up to you. It's okay to remain optimistic but we have to understand the current situation and we can only do that if we are realistic. 
Today the price is up about 2% but still around $19k, hopefully it will return to $23k tomorrow or the day after tomorrow, and the next target is July can return to $40k, nothing is impossible because rising tens of percent has happened and often happens in a day.
I don't expect a $40k soon, we are in a bear market so the price will likely go down. Actually, we can consider the current price as the bottom already as it's very cheap versus its ATH, but it's up to you. It's okay to remain optimistic but we have to understand the current situation and we can only do that if we are realistic. Jump to: