Topic: Bitcoin scenario crashing to $20.000 - $23.000 - page 7. (Read 1132 times)
I like the TA and this the actual graph I'm looking at as basis of my crypto holdings. The timing of inflation news to US very crucial to the Bitcoin unstable condition. This bad news will worsen the situation and might fuel the bears to get the control once again. I'm expecting to see 22500$ until next week if we close the weekly cande red once again. We might experience the long crypto winter if the global economy didn't get better.
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.
And looking at how the price slowly dropping that it almost hit $27k is really a proof that it's most likely going to drop at that price. It just needs a single FUD and you can expect that a dump will certainly go straight to that price.
I would say that it is quite unlikely for us to drop there, even with a huge fiscal responsibility movement from all around the world. Don't get me wrong, it is not impossible, but it is not going to be that easy neither. We are going to be probably at these prices for a while, even after all the FED and stuff, it is going to stay here, and then we are going to end up with going up eventually.
This much is clear for me, maybe some people can argue against that, maybe they will try to do something else, but for me, the best thing about the current situation is that we are not going to drop that much, not to 20k, because that would mean a lot of people going out, and I am not seeing that right now.
The market currently crashing, with Bitcoin recording a 3.90% decline at $28.500 and Ethereum surpassing a 10% decline and trending at $1.550 as we speak. Judging by the price charts, it's easy to say that a further drop is certain and the $25.000 target starts sounding more realistic and probably for the next few days.This much is clear for me, maybe some people can argue against that, maybe they will try to do something else, but for me, the best thing about the current situation is that we are not going to drop that much, not to 20k, because that would mean a lot of people going out, and I am not seeing that right now.
It’s hard to say. Today and yesterday were pretty bad days for the stock market. Ethereum also had a bad day breaking the yearly low. Bitcoin however seems to be doing pretty good relative to both.
Seems that there is some large bidder who is constantly buying Bitcoin. Look at the BTCUSDLONGS on Bitfinex. The whales are all buying.
It’s possible we might see those figures however a lot depends on how the fed plays into fighting inflation which is spiraling out of control.
Ethereum is currently facing a massive crash in the past 24 hours, trending at price levels of 2021. Certainly, quite a few whales could be buying to take advantage of the lower prices. Seems that there is some large bidder who is constantly buying Bitcoin. Look at the BTCUSDLONGS on Bitfinex. The whales are all buying.
It’s possible we might see those figures however a lot depends on how the fed plays into fighting inflation which is spiraling out of control.
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.
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.
Seems that there is some large bidder who is constantly buying Bitcoin. Look at the BTCUSDLONGS on Bitfinex. The whales are all buying.
I’m not one to follow things like that, but when the price ranges from $29k to $32k for weeks, it seems logical that some whales make a fair profit by keeping the price in that range. Changes in the price of 5-10% do not seem significant for small investors, but for someone who has hundreds or thousands of BTC and is skilled in trading, such periods certainly bring good profits.
It’s possible we might see those figures however a lot depends on how the fed plays into fighting inflation which is spiraling out of control.
We know that the FED has already raised interest rates, and will continue to do so in the coming months, but if I'm not mistaken, the European Central Bank will soon do the same after 10+ years, indicating that it will do the same as the FED on several occasions. This increase will particularly affect some countries within the EU that are already in big trouble at the moment. How much this will affect the price of BTC remains to be seen.
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How can you say that people will not panic if they see the bitcoin price crashing to 20,000$ and below? It will be an extreme panic situation and people will sell their holdings. Only the old investors will stay strong during this time as they have been in this situation before. It would be almost impossible for the new investors to stay strong in these bearish times.
People who have been familiar with bitcoin for a long time tend to be patient and try to use the moments of panic experienced by others to buy bitcoins that they sell at low prices. Old investors will also use the moment for their own benefit but new investors will experience panic, especially those not used to dealing with the falling price of bitcoin. So if you have experienced a downtrend, you will not panic and I think you will try to buy bitcoin at a low price. 
My gut says there will be a flash down to $20k to mop up all the shorts and then a steep rise to leave all the weak hands behind. But then again this is Bitcoin.
This can happen in the rarest scenario.
I highly doubt that Bitcoins will fall below 25k usd.
I mean from the past 4-5 weeks , Bitcoin is struggling in 29k usd phase, if it want to go till 20K usd, then it won’t stick to 29k usd for so many days.
Moreover regarding the increase in price, then I must say it won’t happen any sooner.
Now we are in a bear market, and as the trend says we need to wait more 6 weeks to see any movement.
Hope everything happens in favour of everyone.
I am also waiting for Bitcoins to rise.
Even Bitcoin is still raging around $30K, but the sentiments are keep extremely fear for a month. [1] If Bitcoin will dropped to $20K-$23K it will create a short term panic just like the previous bottom how Bitcoin was hit $3K due to panic. At the same time, those people who bought it are the most lucky and smart person since Bitcoin never hit $3K again. There's no altcoins or new currency can compete Bitcoin until now, there's no way Bitcoin will dead and obviously it will recovered and stay again on $50K.
[1] https://alternative.me/crypto/fear-and-greed-index/
How can you be so sure to say bitcoin will not die and be replaced by another coin in the future if something really bad happens to bitcoin? Even I believe satoshi himself cannot guarantee bitcoin will never fail in the future because he knows that currency failures have happened before.[1] https://alternative.me/crypto/fear-and-greed-index/
We can only think of something realistic without ignoring the potential for good and bad in the future. It is a highly volatile currency, so there is risk involved although there is the potential for profit to trade and invest in it. $20K or $23K is something that is possible for bitcoin as we have fallen more than 85% in the past, but of course we might expect something different to happen this time around with bitcoin where the drop won't be much lower than $20K .
I would say that it is quite unlikely for us to drop there, even with a huge fiscal responsibility movement from all around the world. Don't get me wrong, it is not impossible, but it is not going to be that easy neither. We are going to be probably at these prices for a while, even after all the FED and stuff, it is going to stay here, and then we are going to end up with going up eventually.
This much is clear for me, maybe some people can argue against that, maybe they will try to do something else, but for me, the best thing about the current situation is that we are not going to drop that much, not to 20k, because that would mean a lot of people going out, and I am not seeing that right now.
This much is clear for me, maybe some people can argue against that, maybe they will try to do something else, but for me, the best thing about the current situation is that we are not going to drop that much, not to 20k, because that would mean a lot of people going out, and I am not seeing that right now.
This is what I've been waiting for , there are several altcoins that i Sold recently and reserve for this to come , cannot be dumped even below 20k? like 15k at least? so i can make my funds x3-x5? lol this is something only Holders understand and waited.
And also if this going to happen ? I'm sure we will all succeed because most of us had already taken their funds out and now waiting for the dump to come.
If the price will fall this hard , then maybe I will consider buying some good alts as well.
And also if this going to happen ? I'm sure we will all succeed because most of us had already taken their funds out and now waiting for the dump to come.
If the price will fall this hard , then maybe I will consider buying some good alts as well.
Even Bitcoin is still raging around $30K, but the sentiments are keep extremely fear for a month. [1] If Bitcoin will dropped to $20K-$23K it will create a short term panic just like the previous bottom how Bitcoin was hit $3K due to panic. At the same time, those people who bought it are the most lucky and smart person since Bitcoin never hit $3K again. There's no altcoins or new currency can compete Bitcoin until now, there's no way Bitcoin will dead and obviously it will recovered and stay again on $50K.
[1] https://alternative.me/crypto/fear-and-greed-index/
[1] https://alternative.me/crypto/fear-and-greed-index/
Regardless of what happens, the supply generation of Bitcoin is still inflation-resistant by generating ever-smaller mining rewards every 4 years. Sometimes that's the period it takes to break out of the price rut its in - after the next 210,000 blocks are mined since 2020 halving.
Oh, like last year. That should teach some people a lesson of not going long-term short on BTC.
My gut says there will be a flash down to $20k to mop up all the shorts and then a steep rise to leave all the weak hands behind. But then again this is Bitcoin.
Oh, like last year. That should teach some people a lesson of not going long-term short on BTC.
Hello there,
while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
there are several threads already that has this discussion , that 35k is the barrier in our days now and make it harder for bitcoin to recover , but as we see it clearly for weeks now we are staying at 28-31k and nothing is dumping and climbing , this stable value makes me thing that we already Hit the bottom and only waiting for the final blow to break that 35k again and climb up to 50k at least before December ends? while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.
It’s hard to say. Today and yesterday were pretty bad days for the stock market. Ethereum also had a bad day breaking the yearly low. Bitcoin however seems to be doing pretty good relative to both.
Seems that there is some large bidder who is constantly buying Bitcoin. Look at the BTCUSDLONGS on Bitfinex. The whales are all buying.
It’s possible we might see those figures however a lot depends on how the fed plays into fighting inflation which is spiraling out of control.
Seems that there is some large bidder who is constantly buying Bitcoin. Look at the BTCUSDLONGS on Bitfinex. The whales are all buying.
It’s possible we might see those figures however a lot depends on how the fed plays into fighting inflation which is spiraling out of control.
A move down to prices in the 20's even the low 20k area wouldnt really be a crash at this point, its just a development of this prior action known. Its nothing close to positive but neither is it unforeseeable hence I would not describe it as a crash especially. BTC is under pressure currently, we know alot of speculative points far and diverse across the market are suffering downwards pressure, I find BTC reaction still moderately positive comparatively.
The most negative phase will be the test or threat of 2019 pricing which would be too far for some, only the 200 week average is still pushing upwards now so thats where I expect the market to check should we persist in a negative trend.
The most negative phase will be the test or threat of 2019 pricing which would be too far for some, only the 200 week average is still pushing upwards now so thats where I expect the market to check should we persist in a negative trend.
If that scenario happens, I hope people are not panicking because if they panic, they will sell all of their bitcoin before the price goes down. I really hope that the price can hold at the current price and have the power to bounce up to the high price. But we should be prepared just in case the price is really down. If that price goes down to that level, we will be back to the previous years and I guess we will have more supports that can lift the price to break the next highest price. So be patient and be careful.
How can you say that people will not panic if they see the bitcoin price crashing to 20,000$ and below? It will be an extreme panic situation and people will sell their holdings. Only the old investors will stay strong during this time as they have been in this situation before. It would be almost impossible for the new investors to stay strong in these bearish times.
If that scenario happens, I hope people are not panicking because if they panic, they will sell all of their bitcoin before the price goes down. I really hope that the price can hold at the current price and have the power to bounce up to the high price. But we should be prepared just in case the price is really down. If that price goes down to that level, we will be back to the previous years and I guess we will have more supports that can lift the price to break the next highest price. So be patient and be careful.
How can you say that people will not panic if they see the bitcoin price crashing to 20,000$ and below? It will be an extreme panic situation and people will sell their holdings. Only the old investors will stay strong during this time as they have been in this situation before. It would be almost impossible for the new investors to stay strong in these bearish times.
It’s just a standard bear market that we’ve seen numerous times in bitcoin’s relatively short lifetime thus far. We are still in 4 year cycles. $69,4xx was the top & we’re trending towards a bottom now (which we have yet to reach).
$20,000 to $23,000 seems like a reasonable cycle bottom target. We’ll likely see it in the next 9 months before slowly, painfully grinding upwards as we see the next halving in the distance.
Don’t panic, continue to stack & we will moon in 2025.
$20,000 to $23,000 seems like a reasonable cycle bottom target. We’ll likely see it in the next 9 months before slowly, painfully grinding upwards as we see the next halving in the distance.
Don’t panic, continue to stack & we will moon in 2025.
Right, as I have said previously, eventually the price is bitcoin will go down and we can't stop the bear market from happening as we are still in the 4 year cycle although there are school of thoughts that are challenging this concept, but it was proven just to be a theory because we didn't break it this year.
As for the price, yeah, it might be scary at first to see the price at $20k-$23k, but this is again, part of the play, go to bottom in that price range and then wait for the eventual bull run next in 2025.
My gut says there will be a flash down to $20k to mop up all the shorts and then a steep rise to leave all the weak hands behind. But then again this is Bitcoin.
The market is constantly moving and we never really know what will happen next although right now there are some people who think that $20K is coming. The price drop is inevitable due to growing panic among traders over the fud effect, but I don't think $20K will happen this year if people ignore fud and avoid panic.I don't see an obvious scenario to see it go to $20K, but the whales may be able to take a step back to make up for it as a result of the massive sale. Today we have finished 7 months of the previous ATH, the price is down more than 57% and probably won't stop as the correction continues. But when a weak hand starts to lose its grip on bitcoin, then I believe we are headed for another great climb ahead.
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