Topic: BTC is likely to head towards a price of $13,000 (Read 793 times)

There may be downsides to crypto assets during the global financial crisis, but good crypto assets like Bitcoin will still be valuable in the eyes of many investors. Because when the price decline continues to occur in Bitcoin, investors are also eager to buy Bitcoin at a low price even though they have to temporarily save their funds into real assets or into stable assets so they don't experience loss.

But in general they are investors who always like Bitcoin and will be very happy to buy it at a low price, especially if they have been very patient when investing or after buying more Bitcoin in the market. So don't be too afraid of the decline caused by the global financial crisis, because price increases will always occur after bad problems such as the global financial crisis are over.

Or any other financial and traditional market for good, correlation can't be denied. As for the price heading to lower than what we are seeing right now? well we all know that no one can predict it. There are so many factors why the prices will go down. One thing is that we should keep calm and patience and not just sell our bitcoin to those whales because that's what they want, panic and then newbies selling to the whales.

Crypto assets do not imitate the global financial crisis, but the global financial crisis will affect crypto assets. If a global economic crisis, or a global financial crisis occurs, most investors will withdraw their assets from crypto and use them for real asset needs. This will have an impact on the continuous decline in crypto prices. So there is a correlation between crypto assets and real assets.

GDP is still growing at 2.6% in USA as indicated in 3rd quarter data,recession is not likely to hit USA so soon as most of analysts are predicting all over the world, FED chairman will do everything he can to avert fear of recession from the market. High interest rates have increased the cost of doing business but it will not continue for ever & I hope in the next FED meeting we will give clear indication of beginning of reversal from current money tightening policy.

Bitcoin is now stable around 17K and hopefully we will see some relief rally next week. DYOR

The distribution of wealth in case of Bitcoin is not yet done correctly IMHO.
According to blockchain analytics company Glassnode, the number of wallets holding at least 1 BTC or more reached 950,000. source

This surge means that we are moving towards more accumulation but there are still huge wallets holding values that can turn the tides of the market and it is one dangerous thing that needs to be taken out in markets so that the classification of btc gets into more hands and less manipulation and less panic will be there.

Till this is achieved, I think that a possibility of a dump is imminent.

Yes there are some negative still circulating this December as we wanted to see positive but yet drowning to 13k level isn't coming that soon or at least this year of 2022 , in any hopes to dump the price yet it keeps standing high.

we will close 16-18k this year but the coming is what is really risky , because the FTX effect will take place in 2023 as we all expected.

that really hurt the market badly , and affecting all coins not only bitcoin but of course the total damage says it all.

Since the price of bitcoin dropped below $ 30k a few months ago I did not have a special target that in the short term the price will skyrocket, I bought when rising and once bought at $ 56k, until now I was still hold and if the price continues to fall then the best option I do is keep buying.

I think the lowest point of Bitcoin prices is in the current year, I'm sure slowly after the big case of FTX faded, the market immediately drop, don't be afraid or panic when you see the price of drops to $ 13k, but use that time to buy.

Its respecting the trend since late November I think though  we have sold off if that point continues to be held and we have support to trade off then BTC should be alot more able to move positively I think.  At present we lack momentum as thats been reset by the last sell.


So about 17k is required presently to call BTC as moving with positive price action but I dont believe it has gained a negative trend just yet.

FUDS and Speculation is negative that Bitcoin will continue to go down to make many people panic and sell loss, many observers give predictions that prices will continue to fall and some even say below $ 10K, and whatever happens with Bitcoin even though the price is dropped but we must be calm and Don't sell in a loss condition.

Yes, bitcoin market is very volatile hence it's unpredictable, I see one good TA here saying that $17,500 is already the bottom, but that was not the case because TA cant' see the FTX collapse. Even when the Covid-19 hits the world, we were all unprepared with it, the prices even drop so low at $3k, but yet we survived.

So for now, let's say that there could be a higher chance of $13k, and when we hit the price we should take advantage of it. I mean it is so cheap that we couldn't do anything but to buy and accumulate more bitcoins in our wallet.

Anything could happen, it could even go down below $10,000 and we should not be surprised by that. Actually, bitcoin is not affected much by the current economic status, just like before, when Covid-19 hits the world, instead of bitcoin dropping, bitcoin had a new ATH at that period which is very surprising.

What I'm saying is, bitcoin is unpredictable, so expect the unexpected to happen.

Yesterday the price has touched $ 17k unfortunately today dropped again, of course this is a warning to continue to monitor prices, I have more online time when the weekend and if the price drops below $ 15k then I will sell around 50% of assets, and for Buying of course I see the situation in the market.

The direction of the market is still unknown. Honestly, we have no clue how long this bear season will stay and how far the dip will go.
$13k, $10k...that is possible in this situation. Well, we just hope it won't happen and the dip will not able to continue deeper as this certainly adds more panic and emotional stress to the investors.

However, it was not the time to lose confidence that there are no more drops because even this December, will not think that the market is at peace as FUDs and negative news keep rolling and roaming around.

The market always makes us go from surprise to surprise. When most people believe we have bottomed and bitcoin will rise from here, the market will find a way to let us down, remember, when bitcoin hit 17k in June, many people had the same prediction.



Likewise, when there are many people who do not believe that the market will rally and who doubt that the market will go up, the market will go up despite their fears and doubts. What I want to emphasize here is to do the opposite of the crowd.

I think bear market is still alive and people think that Bear Market finished and bull market will be start. But it is too difficult situation to decided that bull market start or not. This market confused many investors to invest in Bitcoin because many people think that it's price will dump and fall at $13k.

If you ask me, I would say that we have most likely already touched the bottom. But simply because of a hunch. It is clear that if we have more negative news, like the many we have had this year, the price can go even lower. But now we are a year and a half away from the next halving, we have suffered a considerable drop from the highs, and a good part of the leverage that caused the catastrophe has already evaporated, so I think we are in a cleaner ecosystem, with a stronger base, on which we can start to rise.

I believe it is possible we have already went through the bottom of this cycle, but the market is so unpredictable that at this point it is difficult to make a prediction regarding this point as another exchange could crash and force the market to go down again.

Now if we are lucky and this does not happen we could see an upward correction, but I doubt we could see a small bull run as too many people are still scared about what happened and could sell their coins as soon as the price crossed the 20k resistance level.

I think it is an opinion you can not be sure of the truth. If you assume the truth then we need a stronger source to support your words. I think we were at the lowest point of the year at $15400 when the market went wild when ftx went bankrupt. after that you can see the market reaction which is slowly recovering. So, we need to be patient to see bigger profits and we also need support from positive news to restore investor confidence in current market conditions.

I believe we will pass quickly and move towards $20k early next year. this move became my option to buy a small amount of btc from my work and i think you can apply the dca strategy to capitalize when the price is low to accumulate more. do not believe too much on news that is not based on strong sources, they always disrupt the market to be able to enter at the lowest point, you have to learn this case from before.

I believe we reached the bottom already last month. No need to wait and hope for bitcoin to drop to $13,000. So it was $15,000+ only unless a big disaster will once again affect the market. Bitcoin will start to recover and will have a mini bull run. I am still highly speculative that the next halving year remains the start of the real bull run where new ATHs will be reached. So we still have over a year of accumulation before the next halving.

And with today, I believe the bear run is over. I know that people will call it a reactionary talk, but I believe that we have shown what the market could do and that's about it, we have dropped to our bottom and that's it. From the looks of it today, we have reached to a good increase and that could very well be the start of a bull run.

If nothing else, unless there is major horrible news like Binance crashed or something, then we will not see 13k, that's the key point, and that means if you didn't listen to OP and not waited and bought at the low, then you already started to profit, and you will keep on profiting more and more the higher it goes.

Maybe Bitcoin will fall under $ 13K or lower, but the thing that makes us have to always be optimistic is the price will soon rise again, this has been tens of times I feel, even when 2018 when the price drops significantly from $ 19K to below $ 5000 and makes me panic and regret for selling all assets, if holds until 2021 then I get a big profit

that is wrong , because the best time to invest is when everyone is selling because this is the lowest price we can get with discount
.you will know that tomorrow the price wills tart gaining .

Bitcoin will not face ATH this year or the next but in a couple of years check back and you will see it coming.

Now how do your own friends and family feel when they see the current market conditions? Because if you used to think that it would be easier to make a profit in the crypto space, that would have been very wrong, in fact, even though you are well motivated so you dare to invite your friends and family to get into crypto investing.

Even though what you must understand first before inviting more people to get involved in any investment is about the risks, so you will also consider it yourself when you want to invite other people for things related to crypto.

Sad to see the current price, I lost a lot because the price of Bitcoin continues to decline, it turns out it's not easy to profit if we invest in cryptocurrencies, I once bought Bitcoin in 2017 and then sell and profitable 100% and makes me excited to invite friends or family to Invest Bitcoin.

Thats correct mate just continue holding and buying every dip looks like btc price is moving as what I expected slow pump up to $18k since this is also a resistance level and then goes downward again targeting a possible $13k might playout next month but this we still dont know if this scenario will still happen If it continue to move upward then its a good sign for a start of bull market again.   

If the price of $ 13k occurs then as an investor never be afraid, this is a good price to buy, since the price of dropping below $ 20k I never sell Bitcoin, instead I bought several times, when the Binance financing plan can be successful then I'm sure the market will be Rising Again.

Market dump will be difficult to avoid in the near future, even I'm sure cases like FTX will occur again, according to predictions from many market experts in 2023 will also be red and maybe Q4 in 2023 will start to improve, we are waiting for whether this year's price can return to the level of $ 20 K or drop below $ 13K.

True , we have been trhough the situation like this many times and we get better everyday , every month , every year ... everytime we passed the FUD , the though situation that makes everyone especially the newcomer in doubt on how bitcoin would survive with all these weak spots exposed , we always find a way out.

And that what makes bitcoin worth higher even more , we are a couple years apart from the halving day as well , you can always expect something big at that day or the days after the halving.

Somehow another negative news hits the market since Blockfi declared bankruptcy[1] and filed bankruptcy protection following the FTX demise.  I hope the FUD on this bad news won't be that bad that will pull the price of Bitcoin lower.  It is been a series of bad news for crypto exchanges and services that greatly affect the market of Bitcoin.  I hope that people will learn a lot from this. 

If this bad news is able to shake the bitcoin market then we can possibly see a sub $15k price soon.  Aside from this bankruptcy announcement, there is another factor that may pull the price of Bitcoin and that is the bitcoin miner's due capitulation[2].  It was stated that miners are ready to sell their Bitcoin in order for them to have funds for operation and somehow take profit from their mining activity.


It isn't FUD, I think it is a prediction that is very possible considering the recent announcement of bankruptcy by Blockfi.  I really hope that this news will not have an effect like FTX because if it did, FUD around the market will strenthen which may lead to massive sell-off making lots of holders to lose faith in Bitcoin market.

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[1] https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/
[2] https://cointelegraph.com/news/new-btc-miner-capitulation-5-things-to-know-in-bitcoin-this-week

I'm not sure where you get that another project will be exposed, and I'm assuming that magnitude will be like the Terra Luna and the FTX that it will cause further panic in the market, so a already sensitive one that any negative news, investors reacted with a huge sell off.

But lets see, again I haven't heard any news, as you have said though, look at the bright side, is not also whales that can take advantage of the situation. Even average joe just like the majority of us can fill our pockets and wallets with cheap bitcoin and then hold and wait for the bull run in 2025.

This is just a FUD and nothing more. I am not saying that it is impossible to go to 13k, there is of course a possibility that it could, but also you should remember how we have no idea whats going to happen and that means it could very well be reaching 20k tomorrow and we do not know for sure when projects will be exposed and even if they would and how people would even react to it. So there is no guarantee that the price will be 13k, it may or may not and we have no idea. The word "inevitable" is the problem, if you talked with possibilities it would be fine, but if you say inevitable, then you are wrong.

Prices such as 13,000$ are inevitable. A few more projects are about to get exposed and cause further panic which will just fill the pockets of whales which are accumulating - preparing for the bull run in 2025.

Investment is something that you need to do with the mindset of that money as "gone", because if you can do that the you could make a lot of profit. I believe Warren Buffet has been invested into coca cola company for about 50 years or so right now, never considered selling it at all.

I understand we may want to sell wen we get some money so that we could buy some good things, but at t end of the day the longer you hold it, the more stuff you could buy with it, even take a loan against it. Which is why it's clear that not many people in the crypto world could make a huge profit like that because most of them are retail investors who never had a lot of money.

When you invested that amount in something, you should always be prepared. Also when the investment is large, you should also think about investing it for long terms. But as you panicked and sold the coins, you showed untrustworthy towards Bitcoins. It’s just a bear phase which will eventually pass. If you have thought consciously and done good calculations, then definitely you would have made good profits. Nevertheless it’s not too late, hold those assets till the bull market starts. Then definitely you will see good profits.

But I see he made the right decision to sell them, if he didn't sell them maybe 30k dollars now only 15k dollars and that's a huge loss.

@Semar Mesem, I don't know what coins you've held but if it's bitcoin I also see you made the right decision. Bitcoin is a good investment but if you buy it at the wrong time it is no longer a good investment, a good investment only if it gives us a profit. If you are worried, it is due to your lack of knowledge in investing, I advise you to do thorough research and analysis when investing and only invest with the amount you can lose. Do not invest with the above amount if you are not ready to lose it.

Does the decrease in the number of asset values ​​that you feel and experience now still make you unable to sleep? Because in terms of the amount of loss you are experiencing right now, in my opinion, it is also not small, so I want to know how you feel when you experience this. Although you can still recover the lost amount by waiting for an increase in the price of the asset you currently own.

From the stories he told, it was very clear that he was very panicked when he always checked the number of assets and their values ​​three times a day. This means that he is very afraid of losing the amount of assets he already has, but instead chooses to sell $25K and leaves $5K in cryptocurrency assets. I don't think it was wrong for him either because he said he himself couldn't sleep when his assets were still not sold and he was only looking for comfort in his life by selling some of the assets he had at the time.

After all, the crypto space is not meant for panicked people, but only for people who are patient and diligent in working to achieve their goals properly without selling existing assets or releasing valuable assets just for fear of a drop in the price of their assets.

If you sell some of your BTC in the top then you have a chance to 3X those portfolio sizes. You should be happy now because you have done better than many big institutions who rekt and tumbling. As long as you are holding BTC in your portfolio you are a smart investor and if you manage to increase that portfolio along the way then you are a super smart investor.

We don't need to be afraid if the bitcoin price falls again because it can happen anytime. It's a good time to buy if the bitcoin price falls again because you can buy bitcoin at a lower price than now. There are still many people who want to wait for the price to fall again to buy more but there are also many who are worried that the bitcoin price will drop even further. It's only a matter of time and we can only see what happens next. The important thing is to prepare your money to buy more bitcoins or you will only see the price go down and up again without doing anything.

That was actually the best time for investing. That is when everyone is selling, panicking or fearful because the price of the coins are also dumping that time and it is easy to acquire someone else bitcoins than when they and the market are in a positive mood. Don't wait for the recovery of the price before you start buying because you will miss some profits already unless if you are investing on risky coins.

It is better to observe them first and see if they are still breathing. Even if ath for btc won't return this year, we shouldn't regret of buying. Our btc's will simply stack and when the right moment comes, all of our efforts are going to be compensated.

I remember when being new in the space, how there would be no shortage of people who say the likelihood of Bitcoin going to the moon is about as likely as it is to go to zero.

Of course, that moon figure then was anything from 100k to a million dollars, and we went close enough to the former that even the most bitter pessimist would begrudgingly admit Bitcoin is more likely to recover its losses this year than to go to zero.

For all the reasons you state and much more. The power of the collective retail, for instance, shouldn't be overlooked.

I suppose it is possible that BTC can go to 13000 and its something we should all be ready to prepare for. I knew when I entered the crypto market I was assuming risk but I think it's a calculated risk.

First, I only invest in technologies that I can really stand behind and I truly believe the blockchain and BTC isn't going anywhere for the foreseeable future.

Second, there are so many institutional, retail and government investments in the crypto space I feel secure in my positions. At the end of the day, I find it highly unlikely the floor could drop out from under us but anything is possible.  

Many are afraid that if the price of Bitcoin falls deeper, I'm also waiting for the moment to buy, the best we do now is to wait because I'm sure in the future the price of Bitcoin will skyrocket and make the New Ath again, many are waiting for prices to fall again to buy again to buy But if the price continues to survive at the $ 16K level then we must immediately buy.

For those who have invested since long ago, a drop from 60k to where we are right now would've been the big loss that OP is talking about. Any drop from now on would just be peanuts to them at this point. For new investors, well, I reckon it's still pretty small, comparatively better compared to people who bought Bitcoin at its peak ofc, but considering how we're still hovering above $10k, I reckon any damages could be negligible, especially if you're considering investing for the long term. As most have said, investing in the long term isn't looking at the next few months, it's the next few years.

Experienced investors never pay attention to such rumors because they believe in Bitcoin and understand the real worth of it which will definitely skyrocket as soon as market starts recovering. Bull & bear cycles are normal in any market & eventually they end up. In fact, bear cycle provides opportunity to long term investors to accumulate Bitcoin at good price & wait for the return of bull cycle. We should not get panic if Bitcoin slides down to 13K because once it bottoms out, we will see huge buying because there are many big investors waiting for the bottom to take entry.

Fud and rumors that are not true continue to be made by those who are not responsible so that they can create panic among investors. But I'm sure that if investors have more experience in investing in crypto, they won't panic easily in a situation like now and they also know what to do in a situation like now. It is different with small and new investors, they will tend to experience panic when they hear rumors and untrue news from other people.

We cannot predict when the Bitcoin price will recover and it is possible that it will recover quickly or it will take a few years, so we are advised to use the DCA method to buy BTC at high prices to avoid big losses, anyone who is going to invest in crypto must use funds for assets long term because the possibility of recovery is predicted to recover in 2024 but prioritize your analysis because basically there are no predictions with 100% accuracy because the asking price may increase next year.

It's not just bitcoin that will be affected by the recession, every one is, every financial market has somewhat feel the burn already, Nasdaq, Dow Jones, Nikkei in the Japan, etc. Probably it's a safe haven, but still though it's not being reflected on the price as everyone is afraid to where to put their money and wealth in this trying times.


We will see after the next bitcoin halving, hopefully we are all correct, we might see 6 digits and this could very well be a good sign that bitcoin will and going to stay and even at $13k right now, we have to look at the bigger picture in 2024/25.

As per your title, bitcoin may or may not reach 13,000$. We cannot say with 100% conviction that bitcoin may reach 13K or below.
Yes, the recession is on its way, but we never know how bitcoin will react to it. Perhaps people may find the bitcoin to be a safe heaven especially when everyone knows that it is non inflationary.

I am optimistic about bitcoin and think that no matter what the world's economic and financial conditions is, Bitcoin will always have its value. Even if bitcoin dumps to 13K, it will be for a very short period due to the enormous demand of bitcoin BTC

this is a very dangerous moment to invest, the market can still drop a lot, looking at the bad news, many analysts and many people are already putting the possibility of seeing the price drop to 6000$ which would be the worst of the worst scenarios, to fall for 6000$ they would be so low that I believe many people will buy it, but the question will be when will the price go up from 6000$ to 6000$? I think it would take a long time for the price to recover mainly due to this war in Ukraine, I particularly even lost money when the price dropped a lot


the problem with this bottom is that many people are already talking about the bottom would be at 6000$ and of course with that some people will sell and wait to buy at 6000$, I will also wait to see the price drop even more and then I will wait that this war has an agreement and only after that can I buy more, because I'm afraid that I'll buy and then the price will fall even more, in this time when the bad news doesn't stop coming every day the price won't recover so much early so whoever buys lower will profit a lot when the price manages to recover and reach new ATH


the price can take years to recover, so when you buy be aware that the price can take more than 2 years or 3 years or 4 years to recover, while there is this war that is causing a financial crisis and also with this history of FTX so the price will take a long time to recover, people who do hodl are already prepared for this, so you also have to be prepared to hold for many years

I know that this is not the best time for investing because everyone is selling but I think that after we have a "bottom" and hopefully the price starts rising (like this weekend) then it will be the best time to buy. I am not saying that BTC will explode in 100K$ or back to ATH in this year but I think that at least if you see the charts from last year and you see how much it can grow from summer to end of the year, then i am sure that buying now will give you a lot of money later.

I think we should look at the price not next week but next year. Right now things are really moving towards the fact that we might see 13500 soon, because every day there is more and more negativity in the market and the end of the FTX story is not yet known. It seems to me that this is the main pending bomb right now.

this will only comes to those who are not ready to keep their funds incase there is a bad happened, we have already seen 15k level so what more if we fall to 10k?

readiness will save us all .


look at what happened in 2020 when the value fell down to 4k , may have panicked but just months after what happened?

this is what we must always consider

It is true that Bitcoin always makes surprising moves and often plays out contrary to market expectation but such moves are often backed by some good or bad news or any big whale like Elon Mush makes huge  buying or selling. The volatility of crypto market is also an opportunity for smart traders to take buy/sell position at their targeted price and make good profit.

Bitcoin prices are always fluctuating and often unexpected, when we think the price will skyrocket but what happens is the price of drop, I still don't believe that the current Bitcoin price is $ 16K or drops more than 75% compared to ATH that had happened a year ago, but on the side Another this is a good opportunity to buy more, and the opportunity to drop under $ 13k certainly can also happen at any time.

And so it's good if we are going to store in in cold wallets, or even a hardware wallet that we have control of. And this whole FTX is a wake up call for us to really be mindful of our bitcoin and all other crypto assets as it will just suddenly turn into 0 if we don't take care of it.

For the price itself, I do agree with that majority who says that it doesn't matter if it goes to $13k or below, as long as you are not selling then you actually don't lose any fiat or bitcoin for that matter. And on the contrary, it's a good time to buy and not panic, accumulate as much as you can.

The possibility to continue to decline is very large because of the issue that there will be cases like FTX, the current exchange war puts us in a difficult situation, although some exchanges have good plans but as investors, of course, will panic and choose to store assets in cold wallets.

You said it right, no matter if Bitcoin hits 13k or even slips down below 10K, you don't need to worry ,if you don't sell it & continue holding it, but we are all human being & get upset  when we see our unrealized loss is growing in bear market. It is better not to watch trading screen daily if you are long term investor.

Though Bitcoin is currently trading above pivot point (16,563) on weekly chart, but trading volumes are low due to weekend, let's watch and wait how it plays out next week.

I know some of our assumptions and advice will make sense to anyone looking to invest in bitcoin so far, especially those new to it. But I'm not sure if what we are currently worried about is really impacting investors or not because Experienced Investors are way better than we think. Even seasoned investors can feel comfortable enough holding bitcoin without selling them in a crashing market while they can also accumulation more bitcoin at low prices.

We know that only a strong hand will make big profits in crypto, and otherwise anyone panicking will only be surprised when these people take their profits later. Indeed, all of these are difficult decisions when mentality and experience are inadequate, but everyone must start learning from the success experiences of others if they want to be successful too.

It is important that investors understand this simple concept, and while I can get why they are scared by what happened in the market and the potential losses they could suffer they still need to remain calm.

Because even if the prediction of the OP becomes true and bitcoin drops to 13k there is no reason to sell our coins, the market will eventually recover and if you sold out of panic then you will miss on some massive profits, and not only that it is possible you will make the mistake of buying at a high price again only for the bull market to end shortly after, so the best thing to do right now is to do some DCA, but if you do not have the money or the courage to do it holding your coins is more than enough.

If I am not mistaken here , this is the 3rd or 4th thread that I come across that made a 13k prediction for bitcoin this year .

but are we truly believing this? or we are just preparing our self once this happen so we will not feel bad for not selling now and wait for that lowering?

anyway , I am ready , if this comes then there is a funds reserve for buying , and if climb then i will sell with good profit.

I think Bitcoin could have mimicked the global financial situation and recovered significantly if not with FTX falling. The failure of FTX has caused so much damage to the market. And even if Bitcoin wasn't really about FTX at all, it cannot totally separate itself from the ripple effect of the crash. It is possible we have already crossed $21,000 or even $22,000 by now if Sam Bankman-Fried's irresponsible management and handling of his businesses didn't cause his large empire to implode.

Resessions seem to just pump up Bitcoin more, mainly if they print money.

People need to realize that there are too many "weak hands" in the market and that is very important to get rid of them. I know that it could be bothering you, and I know that it is causing a little trouble in some peoples finances, especially in a period like this that means people lack the funds so many more become weak hands because of the economy in general.

But, you gotta realize that it’s not a big problem and we should be fine about it. Just hold your ground and do not let the market make you fear for your money and cause you to sell. Hold it, and hold it for long term, even buy more if you can afford to and eventually you will be the one that profits.

And this cleaning process can make us lose our patience because we don't know when it will end and we can only hope this process will end soon. But newcomers to the crypto market can avoid the purge process of the market by seeking more information so they are not affected. What's more, they can only invest or trade in bitcoin so we can avoid that big loss in investing or trading in altcoins.

A bearish market in cryptocurrency is bringing it Italian degradation or transfer in the market so I believe that the difficulty are facing today in cryptocurrency because of the bearish market and another thing that is supposed to understand it that without a bearish market bitcoin investment cannot be stand

What's happening now is that the crypto market is going down as a lot of negative news being spread including the news of the collapse of the FTX exchange affecting the market in the last few weeks.
We've seen a lot of explanations about the impending recession as well as inflation that will be big but that doesn't make me think bitcoin will go down even though I can't predict the price of bitcoin to $13,000 that you mentioned so what I believe is when the positive news comes out then this will create a good trend again for the future, but we don't see some other bad effects that are precisely what affect your mind.

No doubt, the cleaning process has already begun, though it is painful & could be lengthy but in the best interest of the market in the long term. New entrants in crypto market always suffer huge losses in such project which have no use case. Once cleaning process is complete, we will witness huge investment from intuitions and genuine investors.

They should be able to buy more because using the same amount of money can get more units, which is very profitable for them. That's the point if we can share the capital we have so that we use the recession to buy crypto that has the potential to increase again. And that is also the point for us to divide capital for investment and money for daily needs.

The current bearishness in the crypto market is a defining moment for those coins so only those with real benefits will exist in the crypto market. This is also a market cleaning of useless coins.

Its time to break out the chart into monthly bars at this point, unless you have a wider screen then me or better eyesight perhaps then leave it on weekly or daily I guess.   The point is that momentum at present will resolve on a large time frame then most people reckon with, ironically BTC though volatile does respect some very long term dynamics and its a surprise to most people who try to trade it I think.   Perhaps because its tied to the Dollar trade in some way or the process of reducing the block reward and this is occurring over multiple years so that is a tide that surpasses the waves we try to count in calculating movements.
    Recent action is breaking a prior range that held for some months, June to November is quite significant so now you must count all prices possible till we define this area we breached into.  It would be good if recovered the prior low seen sept Oct low but for now I think we will not.  

  Today we test the closing daily low seen 3 times since Nov 9th, small positive from there on shorter term; trade 16.3k and above cautiously positive.

What's going on now? There are several possible explanations from some of the reviews that have been submitted and it will be interesting to see how the cryptocurrency market responds to the news that is currently happening. but certainly, price swings of this magnitude can have a very positive effect on trading, as well as the overall popularity of Bitcoin and other cryptocurrencies.

Well, if you're going to hold your Bitcoin for long term I don't see it a problem even the price plunge to $13k. It's part of the cycle and inevitable to have a bear season, since the market can't only move in just one direction. There's a good side of it if only you're not blinded by negativity. Hence don't let yourself be affected because this is only temporary.

It would be better if you divert your attention to other things to refrain yourself committing mistakes just because you're impatient and too worried.

One thing I can predict with some degree of confidence that when Bitcoin hits bottom, it won't stay there for long and take a big jump because huge buying will come when market feels it is bottomed out. This may happen when any bad news comes in the market. This morning Bitcoin even broke 16K and hit its support around 15,888 on weekly chart. If it falls further then next support is around 15,200.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

That's just your point of view but at what cause do you think that Bitcoin will most likely to head down to $13k? We are already in a bear market and it's quite too deep already in case you didn't see the whole market situation. But of course, we can't deny that when getting worse it might head down to $13k or below just like how low the $3k in the past before the bull market started.

But seeing it – it might reach that low makes me think $100k is just too much if that was most of the people thinking as a new ATH in the next ATH/bull run.

You are right, Bitcoin might slide down further but where is the bottom, it is hard to predict. FTX bankruptcy has vindicated structural risks of crypto industry which will continue hurting the market until new regulation are introduced to address this issue. In such circumstances usually investor take exit from market and wait for further slide down to buy digital asset at rock bottom price. The market is trading in very short range and can move in either direction. Any bad news can take it further down and at the same time any good news on economic front may take it to 20K.

First of all no one has really seen the future. What we are doing is just predicting and estimating. We maybe wrong we maybe right. But this doesn’t mean that we should become impatient and panic. Moreover Bitcoins are for long term investment. So if you just panic and sell, then you will be in huge losses. Rather before panic selling we should have done some research and see the graph of Bitcoins over 10 years. Nevertheless it’s just a phase which will eventually pass. So don’t lose hope and hold your Bitcoins as far as you can.

There are a number of people who can't bear to see their funds lose value. I somewhat identify as one of them; I couldn't stand seeing that I made a wrong trade, which could potentially lead to a loss. In such cases, you have to compensate if you still want to be in the game. Personally, I stopped trading, but I'm interested in trying it again if I empty my schedule a little. I also stopped buying so-called promising altcoins and stuck with Bitcoin only. I'm not even bothered to check my funds' value anymore; I don't worry even during bearish periods like this one.

$2,000 would be disastrous and would cause the biggest panic we have prolly seen. I do not think it will go down that low there is too much demand and as soon as btc reaches lower then 10k people will be buying it just to gamble on it returning to the numbers it has done in the last couple of years. I do not think btc will go down to $10,000 as that would require further drama from FTX and I think we are getting close to closure with that

No need for the complaining because if bitcoin go down to the bear of $2k not every body will want to buy it for because of their own reason. It is the people that understand it and do investment on it that will be concerned to buy. It is not for everyone to buy whether bitcoin is in short supply of 21 million for 8billion people in the world. People are different , some just to pull down whatever thing they don't l like. It is just for the people believing in it as asset for investment that will buy.

In a long term prospective this price is nothing. Just think there is only 21M BTC for 8B people on the earth. Most people on the earth will never be able to get 1 BTC. I think current price is still manageable for many people so if you are getting it in a lower price then why not filling your bags instead of complaining. BTC could go below 10k but it will gradually increase in price before next halving.

I also think that if bitcoin has a reason to drop in the future, it could be due to the crash of FTX, things won't end so soon. Interest rate and war news have no longer affected the market in the latest month. Bitcoin stood firm during the November rate hike and if it weren't for the FTX crash we would probably have had a sizable rally.

If btc is still alive in 10-20 years it will definitely be worth more then it is now but whether or not it is still alive is the question that most people fear. That is why we have these headlines of Bitcoin will collapse if certain exchanges die but it is not true. When exchanges like ftx, mtgox or even Binance disappear new ones replace it. The short term (1-2 years) the price gets hit but it does normally recover just look at the past with mt gox.

If it does, then another opportunity for those who are doing DCA. Investment wise though, I would rather keep my BTC intact. You are not really at loss if your 1 Bitcoin is still 1 Bitcoin. It doesn't matter when you bought it, it's the time that you have to think about.
If you have a plan on keeping it for 10-20 years then this should not worry you. Only traders should worry about the impact of this sudden dumps because that's their business.
IMHO, Bitcoin will still go up, and again it's just a matter of time.

Bitcoin goes below $14,000 and people make the obvious guess that it will go all the way down to the next 1000. It is not based on charts or patterns or any insight but reaction based on the current price going below the 1000. Other members are predicting $10,000 not based on anything but aiming for the next rounded ten thousand. I find most members here are reactionary and pull figures out of their ass

If you're too afraid then ease your mind; sell you holdings. This is being repeatedly told to every investors here. You won't be wrong from either selling or holding because that is your decision. Just be safe feom regrets whatever decision you are about to take; this is your goal as an investor. The market is volatile in nature simply because its market value is determined by demand. With demand, it is not constant because of factors affecting it. If you can endure no matter how low the market price gets, then continue holding. The losses, as long as you are not selling, are just temporary and you only have to wait for the recovery. This is how simple investment is, not only in this industry but also to other types of asset.

It not only mimic, but with a market that is very volatile, perhaps the worst case scenario will be like $10k. As least for me I will brace for that price so that there will be no surprises on my end, and at least I will be prepared to buy at that prices.

And so if others see it as bad or very negative, there could be investors who will take advantage if that situation arises.

Of course, it's very tough, but if you where already alive during the financial crises in 2008-2009, or the effect of the Covid-19 in our market last March 2020 wherein the price nosedive to $3k, you should know what to do by this time and your mentally will be different.

I agree on you mate this is all part of the process its a cycle and for now btc is down like 75% from the top so if history repeats itself there is another 20% to 30% price down until final bottom reached if we observe the market its on sideways right now so one small push upward and big dump is very likely to happen, I think we can now see this huge move in the next few days.   

If it happens, there will be no surprise and no need to blame the world for recession or crisis. In the previous bear cycles bitcoin also dropped 80%, 90% and there was no crisis or recession at that time. In short, this is just a bear cycle for bitcoin and there will always be a good reason for bitcoin to drop in price, FTX is also an example of bitcoin falling to $15k.

It is very possible, yes it is possible that we will get a new bottom for Bitcoin beyond this that we just got, yes the $13,000 number is a number that is frequently repeated in analyzes between different platforms and for several analysts, so I do not rule out that we will reach this number, especially after the recent successive incidents, the latest of which is an accident FTX.
But despite all that I am an optimist and I always say that every drop of Bitcoin is a good opportunity to buy and accumulate, this may be the last chance to buy at a low price because I believe that after this big drop we will get a big rally soon.

Why do you say the big loss is yet to come?
For example, those who bought Bitcoin at the peak of last year's price and are still holding it until now, they must be said to have suffered a loss because they still haven't got the profit target they wanted and the price increase that many people are still expecting has not yet occurred in the market. And I also don't think that the bear market at the moment is imitating the global financial crisis, because what I saw after the bad case of the big FTX exchange, the market immediately looked bad with lots of simultaneous dips.

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

If you look at recent market movements, indeed the price of bitcoin has the potential to fall to the $13k area, but it is difficult to predict it accurately. but in the current bear market situation the thing you can do is hold your assets and don't sell because you will suffer a loss. It's better to wait for the market to be bullish again because you can be sure that after the bear market ends and the bull market comes back, even though it might take a long time.

You have not made your post to relate to your topic regarding the price of $13k , no analysis to that so how are you coming out to that price? We don't have to make fud by ourselves because the economy is dropping, bitcoin may not follow same way because not same statistics for it. Bitcoin with a positive news will increase immediately but economy grow over the years not immediate.

BTC is down from 69k to 16k. Its minus 75%. From 17k to 13k is only 20%. So "big losses are yet to come?" Nah. Even with your prediction (dump to 13k) big losses are mostly behind us.

Speaking of recession. BTC dumped from 69k to 16k in 2021/2022 evaluating harsh economic condition we have now and will have in near future. Thats how market works. It evaluate future, not present. So if you think that economy will start to recover in 2023/2024 (at least temporary relief) its good time to buy now. Even if we have possible another 20% dump ahead.

Apologies for being harsh, but based on what? Is it just a number you pulled out of your arse?

Also, we've already been in a bear market for a while now. If anything, consensus is that we're going down more — it's not even an opposing opinion.

As long as you not sell your coins, you wouldn't suffer losses since it's still an unrealized loss. I think people who invest in Bitcoin didn't really care on the next year where there many rumor that economy will be in bad condition because they're looking for long term holding. Since Bitcoin's fundamental is really strong and Bitcoin has been declared "dead" for so many times, but in the end Bitcoin will comeback and recover. This make they're trust Bitcoin 100%, just accumulate every dip if you have idle money.

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?