Topic: Bitcoin scenario crashing to $20.000 - $23.000 - page 3. (Read 1132 times)
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.
We have left the scenario even yesterday became the lowest price record because it became $ 17k, maybe the current scenario is around $ 18k to $ 20k, if we can reach $ 21K then I am optimistic that the market will immediately rise again, and conversely, if the market drop again below $ 18k might continue to drop up to $ 15K.
the strongest support is still at $18000 and I'm also still monitoring the price of Bitcoin until now, there's nothing to be afraid of at this time, I'm sure Bitcoin will sideways at the level of $19000 to $20000,
so we are also getting ready to buy or sell, because it's true what they say, if we lose $18k then we will go to $15k
But, it just means it is going to be a lot harder at least, it is going to take a lot more bitcoins sold to get anything under there. Which is why I am feeling quite comfortable for the time being, I believe that it is going to take a while before we could see it go any lower.
We have left the scenario even yesterday became the lowest price record because it became $ 17k, maybe the current scenario is around $ 18k to $ 20k, if we can reach $ 21K then I am optimistic that the market will immediately rise again, and conversely, if the market drop again below $ 18k might continue to drop up to $ 15K.
the strongest support is still at $18000 and I'm also still monitoring the price of Bitcoin until now, there's nothing to be afraid of at this time, I'm sure Bitcoin will sideways at the level of $19000 to $20000,
so we are also getting ready to buy or sell, because it's true what they say, if we lose $18k then we will go to $15k
We have left the scenario even yesterday became the lowest price record because it became $ 17k, maybe the current scenario is around $ 18k to $ 20k, if we can reach $ 21K then I am optimistic that the market will immediately rise again, and conversely, if the market drop again below $ 18k might continue to drop up to $ 15K.
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.
I don't fully understand what scenario you are talking about because so far the massive bitcoin price correction has really worried some people. Especially in the last 24 hours, I'm sure people will be very surprised that bitcoin is still bottoming out even now that recovery attempts have been made. I'm still convinced that the bitcoin price correction so far isn't the worst, but it certainly makes me feel that many traders still have a weak hand. They sell frantically, it makes things worse. Hopefully something good will come soon and the price of bitcoin can recover again, this is a hope that is sure to get a lot of support.
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.
Of course, this will be a big fluctuation where the market is still volatile. During this slight recovery, it will decline slightly because I believe the bear market has not yet ended.
This is already a year low in which this scenario will still crash below $20k but I still hope this doesn't prolong a bit of recovery in the days ahead enough to calm us down despite the fear of another big crash.
Why do you assume that bear market is not ended yet? I mean I am not saying that it has ended or anything but I have no idea if the bear has ended or not, I do not know if it will be 10k in a month, or 40k, I would have zero clue about that. I am guessing a bull run after such a fall, that seems a lot more logical to me, but that is just my understanding, I could be wrong.This is already a year low in which this scenario will still crash below $20k but I still hope this doesn't prolong a bit of recovery in the days ahead enough to calm us down despite the fear of another big crash.
What made you think that it will continue to go down? Is there a specific reasoning for that? In any other case, we should be focusing a bit more towards buying something right now, because long term is usually higher and that should be right about now and not later on.
Of course, this will be a big fluctuation where the market is still volatile. During this slight recovery, it will decline slightly because I believe the bear market has not yet ended.
This is already a year low in which this scenario will still crash below $20k but I still hope this doesn't prolong a bit of recovery in the days ahead enough to calm us down despite the fear of another big crash.
Why do you assume that bear market is not ended yet? I mean I am not saying that it has ended or anything but I have no idea if the bear has ended or not, I do not know if it will be 10k in a month, or 40k, I would have zero clue about that. I am guessing a bull run after such a fall, that seems a lot more logical to me, but that is just my understanding, I could be wrong.This is already a year low in which this scenario will still crash below $20k but I still hope this doesn't prolong a bit of recovery in the days ahead enough to calm us down despite the fear of another big crash.
What made you think that it will continue to go down? Is there a specific reasoning for that? In any other case, we should be focusing a bit more towards buying something right now, because long term is usually higher and that should be right about now and not later on.
Bitcoin will always expect to dump more as long as bearish season is here. So crashing between $20k-$23k is not surprising as it could even fall below than that if possible. Bitcoin once fall into $3k and yet it recovers, so there is nothing new like this. Whatever the specific reason according to OP, but as long as the market remains having a crypto winter, there will always be price drops not only for bitcoin, but the whole market is in blood.
No one can really say how far the price of bitcoin will fall during this bear market. Of course there are those who hope there will be a bigger decline and there are those who hope that it will recover soon. Really this is something that is difficult to predict, but when we talk about the possibilities then there is a feeling of optimism about the recovery that will happen until the new ATH hit.As for the downside, I'm pretty sure it might happen again in the near future because it's hard to erase the panic in the market. But for most of the time we should really know that the price will move in both directions and the storm will soon be replaced with light.
Hello there,
I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
Bitcoin will always expect to dump more as long as bearish season is here. So crashing between $20k-$23k is not surprising as it could even fall below than that if possible. Bitcoin once fall into $3k and yet it recovers, so there is nothing new like this. Whatever the specific reason according to OP, but as long as the market remains having a crypto winter, there will always be price drops not only for bitcoin, but the whole market is in blood. I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
And it's $20,580, we thought that the downtrend is over as we are bouncing around 21k-$22k. But another set of sellers pulling the price into the support line of $20k. Still hard to interpret though, the sentiments is still negative and so who knows, maybe in the next 24 hours, the price will go hard again and then that support line is broken, pulling the price to the next resistance of $18k. As for the recovery, it will take months or years if we are going out of this worst bear market we have seen, worst than 2018 if I'm not mistaken.
We believed that when the price moved between 28k to 31k as well. Anytime it went from 28k to 31k we believed that the bear market was over and we would go high, then it went back to 28k and we kept on waiting and then it went back to 31k and we believed the same thing again. This repeated maybe like 5 times if I am not wrong.So this time around, there is no luna, no new fed deal, nothing that should have made it go down at all. It just... happened. So, we need to ask ourselves, maybe we are in crypto winter, bear market, or whatever else you want to call it and there is no outside thing required to keep us going down, and there doesn't seem to be a reason to go up?
I didn't expect that the post made 5 days ago when the price was still around $29k turned out to be true, the current price is around $21k, of course it's interesting to know the next price, and I hope to rise again soon and reach at least $30k and in july can reach at least $35 k.
bitcoin price is rotational and irrational so if the price downgrade from 29000 thousand for 21,000 that is to show that the price r is not constant and that is how it will be when the price is rising because you might expect the price of Bitcoin to increase by 10% different and the price increase by 20% different so the movement of cryptocurrency generally is not something that is predictable or something that is fixed to a particular price or amount so that is why when Bitcoin price falls and people that know heat regulation does not panic for it's value for a moment Hello there,
I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
I think this is happening now, bitcoin has crashed down to$21k and there's always a possibility that bitcoin could even go below that, which means the market recovery is too far to be possible. Instead, we are seeing the whole crypto market is in winter, and the only thing to survive is to keep buying and hodling. And those who resort into panic selling will certainly lose a lot especially if they bought bitcoin when it was its $35k-$40k price range. I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.
George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html
Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp
I didn't expect that the post made 5 days ago when the price was still around $29k turned out to be true, the current price is around $21k, of course it's interesting to know the next price, and I hope to rise again soon and reach at least $30k and in july can reach at least $35 k.
And way down we go, we're steps away from going below $20.000 (Bitcoin currently trending at $20.230 as we speak) while Ethereum at $1.030. As I've mentioned earlier, we haven't seen the worst yet, and it's bound to crash even further. In my opinion, the following winter will be a hard one, inflation has skyrocketed, the war isn't coming to an end while fuel and electricity will cost a fortune. On top of that, the cryptocurrency market is likely to follow trends of the 2017's crash for many months to come, if not years.
And it's $20,580, we thought that the downtrend is over as we are bouncing around 21k-$22k. But another set of sellers pulling the price into the support line of $20k. Still hard to interpret though, the sentiments is still negative and so who knows, maybe in the next 24 hours, the price will go hard again and then that support line is broken, pulling the price to the next resistance of $18k. As for the recovery, it will take months or years if we are going out of this worst bear market we have seen, worst than 2018 if I'm not mistaken.
And way down we go, we're steps away from going below $20.000 (Bitcoin currently trending at $20.230 as we speak) while Ethereum at $1.030. As I've mentioned earlier, we haven't seen the worst yet, and it's bound to crash even further. In my opinion, the following winter will be a hard one, inflation has skyrocketed, the war isn't coming to an end while fuel and electricity will cost a fortune. On top of that, the cryptocurrency market is likely to follow trends of the 2017's crash for many months to come, if not years.
And it's $20,580, we thought that the downtrend is over as we are bouncing around 21k-$22k. But another set of sellers pulling the price into the support line of $20k. Still hard to interpret though, the sentiments is still negative and so who knows, maybe in the next 24 hours, the price will go hard again and then that support line is broken, pulling the price to the next resistance of $18k. As for the recovery, it will take months or years if we are going out of this worst bear market we have seen, worst than 2018 if I'm not mistaken.
And way down we go, we're steps away from going below $20.000 (Bitcoin currently trending at $20.230 as we speak) while Ethereum at $1.030. As I've mentioned earlier, we haven't seen the worst yet, and it's bound to crash even further. In my opinion, the following winter will be a hard one, inflation has skyrocketed, the war isn't coming to an end while fuel and electricity will cost a fortune. On top of that, the cryptocurrency market is likely to follow trends of the 2017's crash for many months to come, if not years.
I'm not sure if the recovery will take a year or a few years. It is more likely that in a few years there will be another big drop after the recovery (not necessarily that ATH will be reached). Big drops were in 2018, 2020 and now 2022. Also note that after such falls there was always an immediate recovery process.
And way down we go, we're steps away from going below $20.000 (Bitcoin currently trending at $20.230 as we speak) while Ethereum at $1.030. As I've mentioned earlier, we haven't seen the worst yet, and it's bound to crash even further. In my opinion, the following winter will be a hard one, inflation has skyrocketed, the war isn't coming to an end while fuel and electricity will cost a fortune. On top of that, the cryptocurrency market is likely to follow trends of the 2017's crash for many months to come, if not years.
Bitcoin did not crash from the beginning, their is different between bitcoin going down and bitcoin crashed. The two English words have different meanings. From my perspective when you said Bitcoin crashed that means the technology of bitcoin has been eliminated but when you said bitcoin decreased that means the price has stabilize in the market, so their is every tendency that the price will accelerate anytime soon.
People tend to call a crash when the price go down too much suddenly without a clear sign for recovery at least in short term.The economy in most countries is taking a hit after the covid-19 pandemic and the Ukrainian war. Inflation is slowing down everything.. That might explain partially what's happening but there is a huge volume of bitcoin bought for +$60k, 50k, 40k and 30k. These investors took a huge loss in the short run. In the medium / long term, the price will recover most likely but who knows when!
Bitcoin did not crash from the beginning, their is different between bitcoin going down and bitcoin crashed. The two English words have different meanings. From my perspective when you said Bitcoin crashed that means the technology of bitcoin has been eliminated but when you said bitcoin decreased that means the price has stabilize in the market, so their is every tendency that the price will accelerate anytime soon.
As you've mentioned the price have crashed. The network is strong which is the success of bitcoin against other cryptocurrencies reaching the market. The market is uncertain, so we can expect bounce back anytime soon. For now market is experiencing the bull market, which is purely connected to the factors surrounding it. In particular the market have now well connected to the global market which is also a reason for the ongoing market decline. This time we can expect slow progress in the market. Jump to: