Topic: Bitcoins Crossed 20k USD!! Don’t lose hope now. (Read 1113 times)
Capitulation is yet to take place, if you intend to trade based on long position, use a tight stop loss, because the bottom is not yet in, don't think that because bitcoin had crossed the 20k level that's the bottom, no it's not, one of the best trade for now is shorting, until we test 15k or below, when lots of people will begin to loose hope in bitcoin that's when to buy major dip
Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
Right now? Yes, $15k seems more likely than $50k, in my opinion. I don't even know why there are the $50k numbers. At least, if all the good news and some luck, we could bound back to the $30k range maybe. But since we are talking about what was behind the market, trader and investor expectation, strong selling seem like the overall trend in the market.It's my opinion but in this case I don't think opinion is as strong as fact. The fact is, we are just above 20k now, so to drop to 15k, we need only a 25% value loss. To reach 50k, we would need 250% value gain. And in this economy?
It's fine to be optimistic and I'm definitely optimistic long term but we can't sacrifice our vision and choose to ignore what's right in front of us. Ignoring that puts us in a worse position later.
Well, it may seem that bitcoin might go to 15K only because it is just 5000$ below or only 25% loss in value but it won't be easy. The reason is that everyone knows the potential of bitcoin and the long vision investors and whales will buy at every dip and we may not find the 15000$ mark. However, keeping the fundamentals and current fiat collapse & inflation, 50,000$ or beyond is more likely to happen even though there is a difference of 30,000$ to reach there.
I think if current weekly candle closes above 20,387 which is a pivot point then we can expect a relief rally in July,22 that can take Bitcoin price to around 25K. The reason of being optimistic is 2 consecutive weekly green candles, crossover on MACD day chart as well as crude oil price has come down from $120 to around 110,(hope this trend will continue) that is the main driver of inflation world wide. Let's watch and wait how market plays out in July. DYOR
Well, looks like today we again broke 20k support. Yes we bounced back and still above it right now but it doesn't look good at all, and I think this week we receive more bad news from US economy (jobs and GDP growth). Pricing in is happening as everyone expects bad news so the bright side is that if we get any data that's even a little better than expected, we might see a rebound but I think 22k is where we need to hold first until next week.
You are absolutely right, Bitcoin need to hold around 22K before it moves further up but unfortunately it again broke 20K yesterday which is sign of weakness in the market due to shrinking volumes. Bitcoin has shown strong co-relation with US stock market during the past month which is against its perception of store of value and hedge against inflation. It should show its co-relation with Gold because both are store of value.
Well, it may seem that bitcoin might go to 15K only because it is just 5000$ below or only 25% loss in value but it won't be easy. The reason is that everyone knows the potential of bitcoin and the long vision investors and whales will buy at every dip and we may not find the 15000$ mark. However, keeping the fundamentals and current fiat collapse & inflation, 50,000$ or beyond is more likely to happen even though there is a difference of 30,000$ to reach there.
I think if current weekly candle closes above 20,387 which is a pivot point then we can expect a relief rally in July,22 that can take Bitcoin price to around 25K. The reason of being optimistic is 2 consecutive weekly green candles, crossover on MACD day chart as well as crude oil price has come down from $120 to around 110,(hope this trend will continue) that is the main driver of inflation world wide. Let's watch and wait how market plays out in July. DYOR
Well, looks like today we again broke 20k support. Yes we bounced back and still above it right now but it doesn't look good at all, and I think this week we receive more bad news from US economy (jobs and GDP growth). Pricing in is happening as everyone expects bad news so the bright side is that if we get any data that's even a little better than expected, we might see a rebound but I think 22k is where we need to hold first until next week.
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Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
Right now? Yes, $15k seems more likely than $50k, in my opinion. I don't even know why there are the $50k numbers. At least, if all the good news and some luck, we could bound back to the $30k range maybe. But since we are talking about what was behind the market, trader and investor expectation, strong selling seem like the overall trend in the market.It's my opinion but in this case I don't think opinion is as strong as fact. The fact is, we are just above 20k now, so to drop to 15k, we need only a 25% value loss. To reach 50k, we would need 250% value gain. And in this economy?
It's fine to be optimistic and I'm definitely optimistic long term but we can't sacrifice our vision and choose to ignore what's right in front of us. Ignoring that puts us in a worse position later.
Well, it may seem that bitcoin might go to 15K only because it is just 5000$ below or only 25% loss in value but it won't be easy. The reason is that everyone knows the potential of bitcoin and the long vision investors and whales will buy at every dip and we may not find the 15000$ mark. However, keeping the fundamentals and current fiat collapse & inflation, 50,000$ or beyond is more likely to happen even though there is a difference of 30,000$ to reach there.
Now Bitcoin peice still increasing. It’s price near about 21k USD. I think bitcoins will not come under $20k no more. But this price level will stay for some month. My thinking, when Ukraine & Russia war will end then bitcoin price will increase and it will for new ATH. I think it is best time for buy bitcoin and for hold it. I think who are bought already in low price they will be huge benefited there has no doubt. So do not less hope now. My opinion Bitcoin price will hit $30k to $50k within this year. And beginning of year 23 it will hit new ATH. It is my opinion and i strongly believe it.
Everyone is always entitled to express their own opinion even though everyone still needs some considerations to believe it. But in my opinion, as long as market conditions are still as they are today, Bitcoin is still very possible to be under $20k and a little more difficult to reach a price of $30k in the near future or this year. But if next month there is a gradual increase in buying demand in Bitcoin, then there is a possibility that the price of Bitcoin could increase again as you said because when it starts to happen, there will definitely be a lot of people entering the market again and market conditions will look better. 
week had passed yet Bitcoin stays in this 20k level so maybe we are soon to see some good coming for us? or at least something to be expected to come this next quarter?
I'm afraid that we will be staying this level this another quarter but at least we can expect nothing bad sooner, because there are some speculative that bitcoin will drown down to 13k or even 10k .
I'm afraid that we will be staying this level this another quarter but at least we can expect nothing bad sooner, because there are some speculative that bitcoin will drown down to 13k or even 10k .
Yes, the correction seems to be getting over and Bitcoin is back on track moving forward. I am sure, the market will move upward and start growing. Those who have accumulated as much as crypto currencies they could, they will obviously gain lots of profits in near future. This is the nature of cyrpto currencies and those who are here for a long time, must know it.
are we still talking about correction now? when the truth is? we are not in the same boat since june started. Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
Right now? Yes, $15k seems more likely than $50k, in my opinion. I don't even know why there are the $50k numbers. At least, if all the good news and some luck, we could bound back to the $30k range maybe. But since we are talking about what was behind the market, trader and investor expectation, strong selling seem like the overall trend in the market.It's my opinion but in this case I don't think opinion is as strong as fact. The fact is, we are just above 20k now, so to drop to 15k, we need only a 25% value loss. To reach 50k, we would need 250% value gain. And in this economy?
It's fine to be optimistic and I'm definitely optimistic long term but we can't sacrifice our vision and choose to ignore what's right in front of us. Ignoring that puts us in a worse position later.
I think if current weekly candle closes above 20,387 which is a pivot point then we can expect a relief rally in July,22 that can take Bitcoin price to around 25K. The reason of being optimistic is 2 consecutive weekly green candles, crossover on MACD day chart as well as crude oil price has come down from $120 to around 110,(hope this trend will continue) that is the main driver of inflation world wide. Let's watch and wait how market plays out in July. DYOR
Hope means nothing when we have a war ongoing that could threaten and drag the whole world into it. I just want to be realistic, 20k is okay for now but I don't see much hope on BTC able to keep over that line for long.
well you are right about that. there is a big chaos going on in the world.. we were already struggling because of Covid and lockdown. and then suddenly this Russia Ukrain Conflict started. Economy is in disaster so is Crypto Market. in My opinion Bitcoin Price will fluctuate between $18k to $22k for some time. this bear market is gonna be a long one. probably gonna stay for a year.
In the end, we are not really doing something that will shock the world by buying up at low prices, but the moment it starts to go back up too much, we stop, and market just waits for it to drop again to keep on accumulating more.
Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
Right now? Yes, $15k seems more likely than $50k, in my opinion. I don't even know why there are the $50k numbers. At least, if all the good news and some luck, we could bound back to the $30k range maybe. But since we are talking about what was behind the market, trader and investor expectation, strong selling seem like the overall trend in the market.It's my opinion but in this case I don't think opinion is as strong as fact. The fact is, we are just above 20k now, so to drop to 15k, we need only a 25% value loss. To reach 50k, we would need 250% value gain. And in this economy?
It's fine to be optimistic and I'm definitely optimistic long term but we can't sacrifice our vision and choose to ignore what's right in front of us. Ignoring that puts us in a worse position later.
Hope soon Bitcoin recovers it’s price
Bitcoin price should recover, but it may take months until that happens, so you need quite some more patience.
We're in a bear market now and this is the part where trust and patience uses to pay off.
If you lack these two you will most probably give up, since the price may or may not remain over 20k until the bear market ends.
Bitcoin may come down again in a few days. However, at present Bitcoin is fluctuating between 21,000. This situation will not last long. Those who are interested in investing in Bitcoin should wait a few more days. Buy Bitcoin prices are actually on a downward trend step by step. I hope you will benefit .
failing on breaking out that ceiling which is something hard and cant really be predicted but for those who would really tend to make out some risk on this current price level then its up to their call but if we do
really base up on history or past prices in previous months then we could really tell that we are really that low but since we are just humans then it cant really be avoided
that we would really be having those doubts because we do think that it might really be going even more further which is something cant be removed on someones mind.
Hope soon Bitcoin recovers it’s price
Bitcoin price should recover, but it may take months until that happens, so you need quite some more patience.
We're in a bear market now and this is the part where trust and patience uses to pay off.
If you lack these two you will most probably give up, since the price may or may not remain over 20k until the bear market ends.
Bitcoin may come down again in a few days. However, at present Bitcoin is fluctuating between 21,000. This situation will not last long. Those who are interested in investing in Bitcoin should wait a few more days. Buy Bitcoin prices are actually on a downward trend step by step. I hope you will benefit .
Yes, the correction seems to be getting over and Bitcoin is back on track moving forward. I am sure, the market will move upward and start growing. Those who have accumulated as much as crypto currencies they could, they will obviously gain lots of profits in near future. This is the nature of cyrpto currencies and those who are here for a long time, must know it.
Now Bitcoin peice still increasing. It’s price near about 21k USD. I think bitcoins will not come under $20k no more. But this price level will stay for some month. My thinking, when Ukraine & Russia war will end then bitcoin price will increase and it will for new ATH. I think it is best time for buy bitcoin and for hold it. I think who are bought already in low price they will be huge benefited there has no doubt. So do not less hope now. My opinion Bitcoin price will hit $30k to $50k within this year. And beginning of year 23 it will hit new ATH. It is my opinion and i strongly believe it.
The bear market is a whole lot of another story in the lives of crypto investors. In some way, its a time to shade off old skin in the likes of those who aren't true crypto investors and came to party just because of the pump and so, they end up panic selling when it dumps. In the same time, it creates an opportunity for new investors to step into the field and for existing true investors to increase there hodlings. A complete blessing in disguise that your not going to like the feeling if you've got no other source of income to keep you going. It teaches so many lessons that I feel its a necessity to be experienced. The devaluation of your hodlings and the distress it could bring.
Good enough, it's on the rise again and rather slowly than the pace at which it dumped and all these are in line with building a healthy market and that's a good thing.
Good enough, it's on the rise again and rather slowly than the pace at which it dumped and all these are in line with building a healthy market and that's a good thing.
Hope means nothing when we have a war ongoing that could threaten and drag the whole world into it. I just want to be realistic, 20k is okay for now but I don't see much hope on BTC able to keep over that line for long.
That "any price could happen" is the thing that people with mental capacity to understand logical outcomes could conjure up and not many other people. There aren't enough people who can see the realities of the market and realize that 15k is as much possible as 50k in this market and none of them should be out of bounds, they are all logical outcomes depending on the outcome of what we do, which is buying or selling.If the market decides that it is risky to hold, and start selling more than buying then the market will go down, or if vice versa happens then we are going to go up. If people can't see that and try to find a number that makes more sense than the other number, they will lose.
Well, I also don't really like to say it, especially when people unfamiliar with Bitcoin or crypto talk to me about it BUT to be fair though, that really is the reality of it.
Any price could happen is a mathematical possibility, but what people who say this don't usually understand is that we're more likely to go to zero than to any big imagined number that we haven't achieved yet. I know 15k is as possible as 50k but in THIS market, 15k has to be more likely yes?
The only hope I am losing is that Bitcoin will never be this cheap again!
How am I supposed to sleep at night knowing that I will not be able to buy at this price again when I have enough money? This is really unfair.
The only ones losing hope over this tiny dump are the unexperienced newbie coiners who have not experienced the full history of Bitcoin's price volatility. I really hope they do take the advice of veteran coiners and hodl instead of selling. I would rather see them richer than the whales buying up the coins from shaky hands.
I support you to some extent even though your opinion is opposite that of many others. If we want to sell bitcoin high, then we must buy it low, the lower, the better, because then we will make a bigger profit. How am I supposed to sleep at night knowing that I will not be able to buy at this price again when I have enough money? This is really unfair.
The only ones losing hope over this tiny dump are the unexperienced newbie coiners who have not experienced the full history of Bitcoin's price volatility. I really hope they do take the advice of veteran coiners and hodl instead of selling. I would rather see them richer than the whales buying up the coins from shaky hands.
It can be seen that the market is very gloomy, many inexperienced investors are panicking to sell bitcoin at cheap prices, but it is a rare opportunity for those who know how to wait. It would be a pity and a pity if I can't fill my pocket with bitcoin before it goes up in price again. Maybe after the next bull run, we won't be able to see bitcoin below $20k anymore.
Bitcoin may come down again in a few days. However, at present Bitcoin is fluctuating between 21,000. This situation will not last long. Those who are interested in investing in Bitcoin should wait a few more days. Buy Bitcoin prices are actually on a downward trend step by step. I hope you will benefit .
$21k becomes a strong point of support that will hold the price of bitcoin. if within a few days the support remains strong then bitcoin can step up to the price of $22k and above, but if it can't hold it, the correction will still occur.Investors who entered the area of yesterday's low of $17k would have already made a profit, taking some of the profit and then holding it is a good choice, or in the long term, targeting a higher price.
yet so far it's swinging still and could be a long journey to break the bear trend , good time for scalping though , just make sure you are doing it full of calculation as it's often in these crazy free market it moves really fast in both ways ... rising and falling.
don't get too comfortable , just keep moving assets to another assets while hoping for the bitcoin price recovery will get done in no time.
Bitcoin may come down again in a few days. However, at present Bitcoin is fluctuating between 21,000. This situation will not last long. Those who are interested in investing in Bitcoin should wait a few more days. Buy Bitcoin prices are actually on a downward trend step by step. I hope you will benefit .
$21k becomes a strong point of support that will hold the price of bitcoin. if within a few days the support remains strong then bitcoin can step up to the price of $22k and above, but if it can't hold it, the correction will still occur.Investors who entered the area of yesterday's low of $17k would have already made a profit, taking some of the profit and then holding it is a good choice, or in the long term, targeting a higher price.
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