Topic: Bitcoin scenario crashing to $20.000 - $23.000 - page 4. (Read 1173 times)
We need to realize that its not that common or easy for crypto to be like this, it takes time and effort to make it this low. I am not saying that its going to be easy to recoup, but I believe since we are so low already, I believe that it would be hard to go down even harder, this looks like a proper place to stay and not go down too much. At the very least, we should be focusing on why we dropped, so that we could recover a bit better and do a lot better in the long run. If we can avoid the same reasons in the future, then it would be hard for crypto to drop like this again, and we will protect ourselves from these drops for the same reasons.
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.
I wonder how low this price will be as we have already reached $23k and the price is still not showing to go up. If this situation continues, I am afraid we will see another low price which can make people panic and lose confidence in holding their bitcoin, as many of them already bought bitcoin at $30k. But if more support comes to bitcoin, the price will not go down and can hold the price and even lift the price back to the high price. Meanwhile, we can wait a while and see what and where the price will bounce up.
I was also quite surprised after waking up and checking the market, the bitcoin price plummeted today. With the current situation there is no news that can pull bitcoin back, June 15 with the goal of reducing inflation will certainly continue to increase interest rates and volatile assets like bitcoin will continue to confront selling panic in the market. Selling pressure is huge, I hope people will have diamond hands now instead of panic selling, 1 BTC = 1 BTC if we haven't sold yet.By this time in a month or two, we could be very well above 40k, not saying we will, but since bitcoin is volatile enough to drop like this, we all know that it is also quite volatile enough to go up very fast when needed be as well.
Since we're not fortune-tellers, we'd certainly be surprised Bitcoin could drop this deep. After all, the movement of the crypto market is very volatile,
so it is only natural for Bitcoin to suddenly fall quite deep. But I believe those of us who have been in the crypto world for a long time know how
Bitcoin works, sudden drops like this have happened before. So maybe at first we will be surprised, but we will be able to accept it and know what
to do to deal with a bear market like now. For sure Bitcoin is the best crypto coin, so everything will be fine as long as we don't sell our Bitcoins
at low prices. We have to be patient holding the Bitcoins we have in the current situation and remain optimistic that the Bitcoin price will soon recover.
Because we already know Bitcoin can always recover even though it has experienced a very deep.
I think what he said finally happened today with Bitcoin touching $20,850 a few hours ago, though total marketcap still stands at over $987 billion. Unless there's more doom to come, I don't see price falling below $900 billion. Whichever one it's anyway, I'm not perturbed at all. In fact, if anything, I want price to crash more so I can get in cheaper and buy some of my targeted altcoins. Why should I be scared when I know, of course, that's just a matter of time before the market returns to bull way. Howbeit, whoever that's looking to buy Bitcoin cheap should see now as that elusive opportunity they sought a few months ago but never had.
Was it all a coincidence? But maybe not, we have been in a bear market for the last few months so here are the consequences.I may think the same as those of you who wanted the price of bitcoin to drop much lower to accumulate it, but today $20.8K is a low that may be abandoned soon or could become resistance if the decline continues. I'm just worried we're not going down again, so we have to be positive now.
I wonder how low this price will be as we have already reached $23k and the price is still not showing to go up. If this situation continues, I am afraid we will see another low price which can make people panic and lose confidence in holding their bitcoin, as many of them already bought bitcoin at $30k. But if more support comes to bitcoin, the price will not go down and can hold the price and even lift the price back to the high price. Meanwhile, we can wait a while and see what and where the price will bounce up.
I was also quite surprised after waking up and checking the market, the bitcoin price plummeted today. With the current situation there is no news that can pull bitcoin back, June 15 with the goal of reducing inflation will certainly continue to increase interest rates and volatile assets like bitcoin will continue to confront selling panic in the market. Selling pressure is huge, I hope people will have diamond hands now instead of panic selling, 1 BTC = 1 BTC if we haven't sold yet.By this time in a month or two, we could be very well above 40k, not saying we will, but since bitcoin is volatile enough to drop like this, we all know that it is also quite volatile enough to go up very fast when needed be as well.
~snipped
I think what he said finally happened today with Bitcoin touching $20,850 a few hours ago, though total marketcap still stands at over $987 billion. Unless there's more doom to come, I don't see price falling below $900 billion. Whichever one it's anyway, I'm not perturbed at all. In fact, if anything, I want price to crash more so I can get in cheaper and buy some of my targeted altcoins. Why should I be scared when I know, of course, that's just a matter of time before the market returns to bull way. Howbeit, whoever that's looking to buy Bitcoin cheap should see now as that elusive opportunity they sought a few months ago but never had. 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.
The scenario has occurred, the current price is $ 22K, maybe the next scenario is whether the price will continue to drop up to below $ 20K? If this happens, of course, making a large storm and panic will occur again so that it will make a sharp correction, the best thing is hold and be patient.
Yes it is and the market shows it now https://coinmarketcap.com/currencies/bitcoin/ now at 21,600$ value? so what more it can fall ? maybe at least 18k? if the price drops below 20k then I am sure that 18k is the lowest and then will spike up till the end of 2022.
Lets not look at negative on this part guys , instead lets find what is the chance to profit from this and that is to purchase more when in dip.
But you did... Lets not look at negative on this part guys , instead lets find what is the chance to profit from this and that is to purchase more when in dip.
I was thinking that no more $20k and below. Despite the current market crash, I was still thinking we can make it stabilize above the line ($20k). The US inflation has somehow given a huge influence on the market causing this tragic downfall that makes some investors got to panic and start selling off their Bitcoin. We just hope this will be the last drop it shows, otherwise, the market will get shaken again like the last bear season.
we got some spike, that seems a big hope for becoming better.
~snipped
I think what he said finally happened today with Bitcoin touching $20,850 a few hours ago, though total marketcap still stands at over $987 billion. Unless there's more doom to come, I don't see price falling below $900 billion. Whichever one it's anyway, I'm not perturbed at all. In fact, if anything, I want price to crash more so I can get in cheaper and buy some of my targeted altcoins. Why should I be scared when I know, of course, that's just a matter of time before the market returns to bull way. Howbeit, whoever that's looking to buy Bitcoin cheap should see now as that elusive opportunity they sought a few months ago but never had. 
~snipped
I think what he said finally happened today with Bitcoin touching $20,850 a few hours ago, though total marketcap still stands at over $987 billion. Unless there's more doom to come, I don't see price falling below $900 billion. Whichever one it's anyway, I'm not perturbed at all. In fact, if anything, I want price to crash more so I can get in cheaper and buy some of my targeted altcoins. Why should I be scared when I know, of course, that's just a matter of time before the market returns to bull way. Howbeit, whoever that's looking to buy Bitcoin cheap should see now as that elusive opportunity they sought a few months ago but never had. 
maybe they are against bitcoin at the moment to spike up, because obviously the market is dumping now and indeed we are in the bearish market .
and obvious that we are on the verge of dumping more from what we can see on this part .
20k? i am waiting for this now because my mid year bonus has been released and I am wanting to fund all this for Bitcoin so hope you will see this lowering like what market is showing now.
I have to say even 27k was a shock to me because it looked like we were getting a lot more accumulation, and that means that the more people start to collect up, the less there will be available in the market. Whatever is the liquidity in the market, is the decisive factor in the price movement.and obvious that we are on the verge of dumping more from what we can see on this part .
20k? i am waiting for this now because my mid year bonus has been released and I am wanting to fund all this for Bitcoin so hope you will see this lowering like what market is showing now.
But that is the reality now mate and we have nothing to do but to wait the increase and never take part of the dumping by holding our coins.
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When there are plenty available, that means we are seeing a ton of people willing to sell for a certain amount, but when it is not a lot, when it is a lot less, that means people are willing to hold and right now we are there. Doesn't mean it can't drop, like we have seen now it did, because some people may cash out, big amounts, but I believe it is still not an usual move.
It did mate, the drops happened already and looks like there are so much participation from the community so the price really fell hard. 
Looking at the market now? it seems that we are on the direction in which you mentioned?
https://coinmarketcap.com/currencies/bitcoin/
the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022?
or is there any chance that it will not fall below 25k?
We've lost 28K. Current market condition quite uncertainty, and anything could happen. Bitcoin market moving around 27-30k, and perfect opportunity for arbitrage trader. Bitcoin falls roar $28,000 and down practically 6% to $27,270 as of now. I see lot of technical analytics are taking about if we lose 25K we're heading to under 20k. Here, I'm holding up fro affirmation.https://coinmarketcap.com/currencies/bitcoin/
the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022?
or is there any chance that it will not fall below 25k?
Lets not look at negative on this part guys , instead lets find what is the chance to profit from this and that is to purchase more when in dip.
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I wonder how low this price will be as we have already reached $23k and the price is still not showing to go up. If this situation continues, I am afraid we will see another low price which can make people panic and lose confidence in holding their bitcoin, as many of them already bought bitcoin at $30k. But if more support comes to bitcoin, the price will not go down and can hold the price and even lift the price back to the high price. Meanwhile, we can wait a while and see what and where the price will bounce up.
I was also quite surprised after waking up and checking the market, the bitcoin price plummeted today. With the current situation there is no news that can pull bitcoin back, June 15 with the goal of reducing inflation will certainly continue to increase interest rates and volatile assets like bitcoin will continue to confront selling panic in the market. Selling pressure is huge, I hope people will have diamond hands now instead of panic selling, 1 BTC = 1 BTC if we haven't sold yet.
Today I was surprised when I opened a trust wallet and saw the market drop of more than 10%, even when I noticed the price of bitcoin was almost dropped below $ 25k even though it was currently rising again to around $ 25,500, the Bitcoin scenario to drop down $ 25k was certainly very large so that I put up a buying price of $ 23K in spot exchanges.
I am quite worried when I saw the price today. We didn't witness this deep since years... I am still optimistic about Bitcoin and a believer that it is undervalued but such a crash since months is sad. Hopefully this will be resolved soon and it get back to +$40k
All of us worried about the situation happen recently since we don't have any reasons why bitcoin drop this rate and besides the recovery is slowly happening last couple of weeks. But for this thing happened I'm preparing my stash and want to buy some bitcoin then alts to knowing that we didn't go deep at this current rate so maybe let see if we can earn by this since as of now many people are dumping because they are trying to minimize their losses at this level.
Today I was surprised when I opened a trust wallet and saw the market drop of more than 10%, even when I noticed the price of bitcoin was almost dropped below $ 25k even though it was currently rising again to around $ 25,500, the Bitcoin scenario to drop down $ 25k was certainly very large so that I put up a buying price of $ 23K in spot exchanges.
I am quite worried when I saw the price today. We didn't witness this deep since years... I am still optimistic about Bitcoin and a believer that it is undervalued but such a crash since months is sad. Hopefully this will be resolved soon and it get back to +$40k
Well, that was fast, all this occurred while I was asleep. Honestly, I truly believed that the prediction would turn out true, however, I never expected that it'd go that way so quick. Bitcoin is currently sitting at $24.000 as we speak and Ethereum at $1.200, both just hanging above the 24 hour lowest point. By the looks of it, both are going to crash even further. On the one hand, I don't mind since I'm receiving a higher amount in Bitcoin, but on the other, it's kind of sad to see the market in such a state.
Screenshot from CMC's live chat. I'd opt for option A.
I would go for A too but for sure there are people who are freaking out and choosing that D. Screenshot from CMC's live chat. I'd opt for option A.
We are crashing now but is this the first time? No. If you've been here on this market for years then these things arent something new and you are already get used to it and do knows on how to utilize these movements for your advantage.
Cant really blame out for someone to have those impulsive reaction specially for noobs but once they do get the right idea and awareness then
they wont easily be that too reacting in times like this.
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.
I thought Greek was the language of logic like a member of the greek government recently told to the turkish president but I don't understand how BTC could reach $35 000 if it can't recover as long as it remains below that level. BTC is currently below $23 500, it would mean it will stay at this level without any chance to rise again. But a volatile asset could always pump in the same way it has dumped, that's why it's called volatile. 
The more bitcoin is concentrated in few hands, the less efficient it will be against economical crisis scenarios, market manipulation and high volatility. The issue is that there is small groups of whales who play with prices and control which paths the market is going to follow. And although whales invest in bitcoin, they aren't bitcoin adopters for real, rather they are profit seekers at all costs, what means they don't bother destroying one thing and harming a whole ecosystem to benefit themselves temporarily in another trend (that is currently US dollar) until they also drain everything they can from this and jump into a new trend.
But it's in crashing times like this common investors have the opportunity to decrease the whales' dominance by purchasing the bitcoins dropped on the market. Compared to previous years I believe whales are more organized and acting coordinated, but in return whales' dominance is thankfully decreasing as the time goes on.
But it's in crashing times like this common investors have the opportunity to decrease the whales' dominance by purchasing the bitcoins dropped on the market. Compared to previous years I believe whales are more organized and acting coordinated, but in return whales' dominance is thankfully decreasing as the time goes on.
I wonder how low this price will be as we have already reached $23k and the price is still not showing to go up. If this situation continues, I am afraid we will see another low price which can make people panic and lose confidence in holding their bitcoin, as many of them already bought bitcoin at $30k. But if more support comes to bitcoin, the price will not go down and can hold the price and even lift the price back to the high price. Meanwhile, we can wait a while and see what and where the price will bounce up.
I was also quite surprised after waking up and checking the market, the bitcoin price plummeted today. With the current situation there is no news that can pull bitcoin back, June 15 with the goal of reducing inflation will certainly continue to increase interest rates and volatile assets like bitcoin will continue to confront selling panic in the market. Selling pressure is huge, I hope people will have diamond hands now instead of panic selling, 1 BTC = 1 BTC if we haven't sold yet.
I wouldn't be surprised if that's the case in our current situation.
Bitcoin has entered a price bottom, 23k has been reached today, and indeed there is a chance for it to go much lower,
for example $20k, but I believe it can happen due to panic selling and big liquidation on the exchange,
of course there will be a Wick on the chart, no can be sure, but we have to be careful
for example $20k, but I believe it can happen due to panic selling and big liquidation on the exchange,
of course there will be a Wick on the chart, no can be sure, but we have to be careful
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