How low can BTC go this time around - page 5.

Daodex

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Quote from: bitzizzix on May 07, 2022, 09:29:29 AM

The recent drop in bitcoin price has reached over 36K, after that it went up a bit and then dropped again which I think the bearish sentiment will continue due to the sell-off and cause the market to turn around on the sentiment from the Fed.
Hopefully the bitcoin price doesn't drop to 30k which is actually a good price to buy and hold in the long term, but if it happens, it's worried that some people will worry that the price will continue to fall.

There will be more sell off, market analysts said they expect 27,000$ per BTC days ago now it's 23,000$ meaning that the bearish sign is bigger and clearer, if bitcoin can made it to 67,000$ it can easily retrace and do a bigger correction as well, in crypto space never say never.

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Quote from: ItsCrafty on May 07, 2022, 05:39:58 AM

This time Bitcoin may go 300k but it will take time .

Yeah in your dream. Bitcoin has not even touched 70k as ATH and this time are you imagining if bitcoin can reach 300k? Are you drunk? I think that with this condition and bitcoin will not ever meed 300k. that may be happen in your dream but not for the reality. if you meant about 30k and this is a sense thing if the price of bitcoin can go to the bottom but not with the going to the even higher than 100k. You need to recorrecting your prediction again, it sounds crazy prediction.

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Quote from: bitzizzix on May 07, 2022, 09:29:29 AM

The recent drop in bitcoin price has reached over 36K, after that it went up a bit and then dropped again which I think the bearish sentiment will continue due to the sell-off and cause the market to turn around on the sentiment from the Fed.
Hopefully the bitcoin price doesn't drop to 30k which is actually a good price to buy and hold in the long term, but if it happens, it's worried that some people will worry that the price will continue to fall.

have reached under $34,000 for bitcoin price drop and right now keep stable on $34,700 still do not know have been on support price or bitcoin will make new drop price again. I worry will have bad moment on Mei because last 2021 of Mei have terrible with bitcoin price drop drastically. Maybe still have way for bitcoin will reach higher price although many issues talk about bitcoin will drop until $28,000 but I hope have chance for bitcoin can reach higher price again and $34,500 as really support price and give time for bitcoin reaching until $50,000.

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The recent drop in bitcoin price has reached over 36K, after that it went up a bit and then dropped again which I think the bearish sentiment will continue due to the sell-off and cause the market to turn around on the sentiment from the Fed.
Hopefully the bitcoin price doesn't drop to 30k which is actually a good price to buy and hold in the long term, but if it happens, it's worried that some people will worry that the price will continue to fall.

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Quote from: ItsCrafty on May 07, 2022, 05:39:58 AM

This time Bitcoin may go 300k but it will take time . Btc will not rocket to 4x or 10x from here like a memecoin and then As a result Rugpull. Btc Dominance is 41% which will take more time to reach high. Market is that time not good but it's part of crypto and we may seen big blow in next year

That's true and we can see for ourselves that market conditions are really not supportive,
but even so we don't need to worry and stay calm because this is a cycle of crypto,
I hope that market conditions will improve soon

ItsCrafty

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This time Bitcoin may go 300k but it will take time . Btc will not rocket to 4x or 10x from here like a memecoin and then As a result Rugpull. Btc Dominance is 41% which will take more time to reach high. Market is that time not good but it's part of crypto and we may seen big blow in next year

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Every side is possible in the crypto market like a coin up or down. Do you know btc bear market start on 2017 even now $36k something. Although you should check deep market for buying btc but not possible now $3k. Otherwise we can see surprised like $50k $60k in the future. My guess is that you can't catch the cheap price of btc very soon and wait for a bear again.

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Quote from: zidanw on May 07, 2022, 03:00:45 AM

I think there will be another retest at 40k and if it was a successful and the price goes above 40k then we can expect it to reach up to 50k it is surprising that in just a matter of month from its 60k peak it is now below 38k the Bitcoin and cryptocurrency really are volatiles.

Both sides are possible. It can be going down because of the dump induced panic selling or it can go up because of the bulls taking over. Usually the first one occurs faster before the second one comes in to correct it midway, so expect a dump back to 33k at which point bullish trend starts again. All this is from my own experience but dont use this as financial advise.

These are the more volatile times but the average yearly volatility remains between 10-15%. These are also the points where you can make a lot of money if you are knowing how to catch the buying drop and sell the rising wave.

Quote from: TribalBob on May 07, 2022, 03:51:03 AM

I think the worst value in 2022 is that the value of btc is only around 35k$, but if it's below that it's difficult for btc to go up to 50-60k later, just my prediction sorry if I'm wrong

I would not use the term "worst" - but maybe "lowest" - because there is nothing bad about a price, it is just a number; an opportunity which you can seize. Like I would like a four digit price, so I could buy more, but someone else might not like that at all. Grin

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.

If you have been through this, you will feel everything is normal and can also be magical. I have also invested in both BTC and ETH in 2020, but that's the investment story then the problem before that is already there and I also don't think it will fail and also feel some momentum in financial investment markets for the time being and that's pretty much the approach. In addition, it is also necessary to re-balance between current life and financial investments to seek profit, I am not a rich person, but I see that it is a period that is almost financial leverage. main to make a profit.
At the moment, it feels completely different when I need to have more work to do in my outside life, so using money to participate in financial markets also needs to be tightened and calculated. maths. Personally, I completely believe in the applicability of this field in life. However, the potential does not mean that everyone can always make good profits with it.

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.

Bitcoin have drop to $35,000 and still waiting can back reach higher price later or will make new support price maybe under $30,000 or become moment for bitcoin will back above $50,000. Nothing have correct predicting what will happen with bitcoin have chance for drop and have another chance for bitcoin back to the top price. Maybe I want see next week bitcoin can back to higher price, more impact when bitcoin drop under $35,000 with many altcoin chance drop drastically and not any potential can reach higher price.

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Quote from: kojektea on May 07, 2022, 04:01:17 AM

you are right, however this has always been a game by the whales, whichever whale is the biggest one is the market leader that others will follow. There are wise people who really take advantage of this moment in the bear market, they call it the ping pong strategy, some people who are still beginners here can only surrender to see their assets are minus, but they are still given the opportunity to see the next bull market they will make a profit.

Big whales play an important role in market conditions as they can crack large open order pools with one click buy or sell, but bear markets will be lucky for everyone as all prices dip thus opening up great opportunities for top coin investments in the long term.

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Quote from: bitcrystal on May 06, 2022, 02:57:29 PM

hopefully if we dont break 30k zone, price should bounce from there because its more psychological. what if we break the zone, it might be a free fall till the 10k zone. all these are just mere predictions.

we are strong support now and hopefully it would not break anymore or bitcoin will goes to 28k. We have good news regarding adoption in several.countries recently , it should be trigger for upside movement later.

Quote from: TribalBob on May 07, 2022, 03:51:03 AM

I think the worst value in 2022 is that the value of btc is only around 35k$, but if it's below that it's difficult for btc to go up to 50-60k later, just my prediction sorry if I'm wrong

selling pressure still looks strong now , and now sign it will decrease. We need trigger especially about war that will stop to drive huge demand in market.

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Quote from: Silberman on May 06, 2022, 01:39:56 PM

Quote from: kojektea on May 04, 2022, 09:50:09 AM

My only hope is that btc will not fall deeper than $30k, if that happens what we experienced in 2018
will repeat itself even more badly due to the sharp decline. Everyone predicts that bitcoin will stay strong above $30k,
if this breaks I believe saving assets by keeping everything in USDT is a good choice because it will be a very long bear season.

I do not think we are going to need to worry about that, it is true that during a very short period of time the price went below that level but the price was immediately defended by the whales and other retail traders, so while the bears are without a doubt going to try to make the price go down to those levels again I think that even if they were successful they simply do not have the strength to maintain the price there for a long period of time.

you are right, however this has always been a game by the whales, whichever whale is the biggest one is the market leader that others will follow. There are wise people who really take advantage of this moment in the bear market, they call it the ping pong strategy, some people who are still beginners here can only surrender to see their assets are minus, but they are still given the opportunity to see the next bull market they will make a profit.

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I think the worst value in 2022 is that the value of btc is only around 35k$, but if it's below that it's difficult for btc to go up to 50-60k later, just my prediction sorry if I'm wrong

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Quote from: bitcrystal on May 06, 2022, 02:57:29 PM

hopefully if we dont break 30k zone, price should bounce from there because its more psychological. what if we break the zone, it might be a free fall till the 10k zone. all these are just mere predictions.

Anyone can make predictions as long as it's logical because each prediction already has data and resistance levels to BTC in particular so going to the price of $10K I think it's less likely to happen because it doesn't just talk about a possibility, but also about how much Many people still believe in BTC at this time

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I think there will be another retest at 40k and if it was a successful and the price goes above 40k then we can expect it to reach up to 50k it is surprising that in just a matter of month from its 60k peak it is now below 38k the Bitcoin and cryptocurrency really are volatiles.

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Quote from: MidNite36 on May 06, 2022, 09:18:45 AM

This is a useless point, a massive sell of has happened many times in the past due to panic or other thing, yet when the time was right sellers started buying again, crypto is highly volatile and this is why people are even investing, the lower it goes the better, holders will hold and some will even buy more.

Holders will not be so good to see that happens. Even when you are saying like that and the holders will feel disappointed caused by their decision to not sell their tokens to the market, so many people are feeling depressed during the bearish trend like this, this needs a very long time to recover the price of token. that's why saying like that was easy for you but not for the holders. if you have experienced huge lose from your unrealized profit and you will always regret it.

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hopefully if we dont break 30k zone, price should bounce from there because its more psychological. what if we break the zone, it might be a free fall till the 10k zone. all these are just mere predictions.

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From the look of things, there is a high probability that Bitcoin would sink to $30,000 or even lower by this fall. It looks that way from both the point of technical analysis and the ongoing global economic and geopolitical turmoils that are unlikely to cease in the near future.

From the point of TA, Bitcoin seems to have failed to establish a foothold above $40,000, and the momentum is obviously on the bearish side - check out both MACD and Stochastic. The selling pressure right now is just too strong for any rally, and it could stay this way for at least a few months.
And when it comes to fundamentals, they also aren't on BTC's side. Simply put, retail investors won't be buying a risky asset on the verge of WWIII and possibly of global food shortage, accompanied by soaring fuel prices. All in all, the world is too turbulent right now and BTC is too volatile, hence risky, for the rally to occur. It could have been the case if Russians actively used crypto as a means to evade sanctions but apparently, that loophole has been closed.

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Quote from: Silberman on May 06, 2022, 01:39:56 PM

Quote from: kojektea on May 04, 2022, 09:50:09 AM

My only hope is that btc will not fall deeper than $30k, if that happens what we experienced in 2018
will repeat itself even more badly due to the sharp decline. Everyone predicts that bitcoin will stay strong above $30k,
if this breaks I believe saving assets by keeping everything in USDT is a good choice because it will be a very long bear season.

I do not think we are going to need to worry about that, it is true that during a very short period of time the price went below that level but the price was immediately defended by the whales and other retail traders, so while the bears are without a doubt going to try to make the price go down to those levels again I think that even if they were successful they simply do not have the strength to maintain the price there for a long period of time.

Once the price drops below 30k, I think the market will continue to fall deeply and we will see a long 2018 bear season repeat. when the market drops to 30k I guess the market will panic and sell off to preserve investors' assets is inevitable.

We all hope bitcoin will not fall deeper than 35k or else bad things will happen to the market, we will enter a prolonged downtrend and the market recovery will take years to recover.

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