Topic: How low will BTC's market price go? - page 3. (Read 988 times)

3 major issues that emerged this year which have a serious impact on market conditions where the three sources have been Op mentioned in the main thread. now if we refer to the lowest price point for this year maybe we have seen the market collapse when ftx went bankrupt, namely at the point of $15400 where after btc reached its lowest level we saw btc slowly starting to go back up. indeed the ftx collapse has not completely happened because I see they are still active on twitter so there is a big reason that they still haven't reached zero from this incident but I hope it doesn't have an impact on market conditions again.

We have entered the end of the year where this December we will be honored with a bounce to reach $20k. well, if this happens, I think the price of btc in the next year will be able to provide a big return for holders who enter at the current price. A strong bounce is expected and we hope that btc can break the resistance point at $20k this December.

Really? If it's true then why it's not being talked about in this forum? usually, when there are news about btc/crypto, whether negative or positive this forum is one of the first to know it. The price is already close to $17k last day so even without those rumours, btc can still reach $17k on its own. Also if there are countries who legalize btc then the price should skyrocket. $17k is not the only thing that we will be seeing now but let see.

Maybe people are still adjusting at the moment. Once they are now ready, that is the time to see the real effect. it's hard to copy what El Salvador did and as you can see there are only few who followed it. Other countries are still thinking if what will be the consequences and maybe they are doing some preparation first before they come on that phase.

There has been much speculation linking bitcoin to Brazil's shocking news of Parliament's approval of cryptocurrency legalization of a legal payment method, but so far there has been no further link to connect the matter, although it is true that bitcoin has seen a slight uptick. Brazil begins drafting laws against bitcoin, USD and ETH as legal tenders for purchases of products or services.
Interestingly, the Brazilian government has already taken a step forward if the President approves and signs the law in the near future.

A lot of speculation that the price will drop to $ 13k, of course this is a very sad fact because the market continues to decline, but today we are happy because prices rise to around $ 17k, although still vulnerable to drop but after reaching $ 17k it will make many investors Believe that Bitcoin still has hope for rising in December or at least can touch $ 20.

Sometimes we have to dare to speculate to change our lives, if our lives are more than 10 years there are no big changes, then it's time to dare to take risks, lose or multiply, I've experienced a good moment in 2017 when buying bitcoin under $ 5000 at the beginning Last year sold at $ 12k and I will try again the luck.

The increase in the price of Bitcoin from $ 16K to $ 17K that has occurred in recent days I think has something to do with some news saying that in Brazil they have legalized cryptocurrency and Bitcoin, but they have not adopted it as adopted by El Salvador because the Brazilian government has not signed it does, but Lawmakers in Brazil, Latin America's largest economy, have approved legislation legalizing cryptocurrencies such as bitcoin ( BTC-USD ) and ethereum ( ETH-USD ) as payment methods in the country. [Reference]: https://seekingalpha.com/news/3912432-brazil-approves-bill-to-legalize-crypto-payments

if that will happen then I must use all my funds in banks and maybe consider selling my Motorcycle to add in my investment?
going down to 10-12 k means another opportunity to get richer in the future as i will keep my holding for another halving .

Do not be pessimistic about Bitcoin's performance, today has gone up more than 3% and returns to $ 17K, I'm sure that the market will continue to rise so that those who panic and sell cheaply will regret it, maybe this year closed with a low range but I'm sure good for skyrocketing in 2023.

The price of bitcoin must go up, if the price of Bitcoin is $ 12k, there will be many who release Bitcoin and choose another investment, the cheapest price since ATH in 2021 that I bought is $ 18k, and the most expensive price is $ 47k, if the price of bitcoin can touch $ 37k then My Assets will be the same, at this time there is no other choice for me other than hoping that the price is skyrocketing and maybe I will save and make it for long -term investment.

And right now, we should celebrate the moment of bitcoin's price hike because it could now go back up to $17k and hopefully, it will pick up again and touch $20k or higher this month. Yes, we should always be optimistic when we look at the market and even though the price hasn't increased too much, we must believe that bitcoin will surely increase one day. And it's only a matter of time before bitcoin rises again.

And hopefully, this month and in the following months, there will be a significant increase in the price of bitcoin. And before the price goes any higher, we must accumulate more bitcoins.

I also don't think the price of BTC will reach a new ATH because apart from that, it is difficult to achieve shortly. Other market conditions are also undergoing tests so we are more patient in waiting for it. We don't have to worry or fear that the bitcoin price will not increase because after all this, we definitely see the price will start to increase and we have seen it now. And I agree with you that now is the opportunity to buy bitcoins and grow our wealth in the future.

If they have invested in bitcoins for a long time, they will have spare cash to buy more. And they must also have careful planning to help them invest in bitcoin even more. The next half will increase the bitcoin price, which means we will get a very big profit.

What is important right now is that the price of bitcoin can reach the level of $ 17k again and if you already have bitcoins from previous purchases, it means that your bitcoin assets have grown and you can withdraw temporary profits at this time. But if we still want to see the growth of our bitcoin assets, maybe we can be patient again and keep waiting until the price really goes up.

We are waiting for whether the price of December will return to $ 20k or vice versa down below $ 15k, I hope the price can touch $ 20k so that it makes investors optimistic with the future of Bitcoin, but whatever happens in the short term like now then don't panic, maybe It's time we fill the wallet and hold for the long term.

know what mate? either it goes strong at 15-16k or goes low to 10-13k? the best way to handle this is to keep holding , who cares if how much this will fall? the important part is our trust and our beliefs that bitcoin will grow high in the coming days.
that is what we have to understand here lol.

deep into 16k , and always chance of lowering more , I think that the market will keep on drowning because there are much to come from this bad news specially that FTX case that will bring more dumping sooner.


at least specific amount would bring help and understanding.

I mean it can drop to 10k? or will grow up to 20k this before the 2022 end?

Global conditions are worsening, so don't expect BTC to reach a new ATH in price anytime soon. I also think BTC will go much lower in price within the short term as there's a lot of negativism surrounding the whole crypto/Blockchain industry. I'd be surprised if it goes below $10k between the end of this year and the beginning of 2023. As I've said many times before, this is the perfect buying opportunity for you to grow your wealth in the long term. I don't think BTC will be worth less than $20k once it goes all the way to $100k.

Of course, not everyone is capable of resisting the tide (especially when you need the money right away for necessities). Only those who have spare cash to pour into Bitcoin will make huge returns within the next bull market. History has shown us that Bitcoin goes back up in price after a severe market "bloodbath", so I'm confident BTC will go to the moon very soon. Who knows if the next halving (2024) will turn the market extremely bullish? Just my thoughts

This very bear market is quite different from other bear market we've had so far due to the kind of events that has really taken place,Too the market has not experienced some of this events before like Fed's shrinking of liquidity. However, I don't think we will really go that lows of $3800 in both 2019 and 2020 coronavirus lows. The market is full of uncertainty right now and another event could happen which will put more pressure on the price of Bitcoin.

My guesstimate of the lowest bitcoin price depends on the next approaching months to come. FTX invested billions of dollars in different crypto companies and vice versa. Some are already filing for bankruptcy while others are breathing heavily which would take months to know if they are able to survive or not. The market is staring and closely observing the big exchanges and platforms that may go down next. If no one big falls in the next months, bitcoin will begin its slow recovery up until the next halving.     

News about BlockFi has already spread everywhere, but so far the price has not reacted negatively and even on the contrary the market is in the green today. I don't know, maybe the reaction will happen later, but I think it's strange that many coins are rising today despite the negative news. I also think that the bad things are not over yet and there will be many more interesting things to come.

Well, bitcoin made the lowest price of nearly 3000$ - 4000$ twice because in 2020 we had the covid crash which brought the price again to the lowest price. This may not repeat in 2022 and 2023 as there is no way humanity will face a disease like covid again, not possible at least in the short term.
I think this time we may see the lowest price only one and it could be a wick down to 9000$ to 10,000$. I don't think bitcoin can go below this seeing the onchain analysis.

You know how bitcoin and most altcoins are built around speculation  at the moment, there are just too many negative factors harboring around, which haven't given any chance for bitcoin to have a break to start the recovery process. You can imagine, while we were still feeling the impact of FTX and about to forget them and get on with our lives... BlockFi files for bankruptcy which tells me the dust from FTX hasn't settled and more damage could be done.... From this we could see price go as low as 14k or so, am just hoping we don't see 10K again after so many years 

Despite the dropping scenario of Bitcoin, the majority are still bullish and remain optimistic. We still believe about "history repeats itself" and after the drop, Bullrun will come next. It is a question of when? But because we are willing to wait and covered with trust, it doesn't matter to us how long it comes. If that will happen by 2025, that's still okay.
That is why I don't bother myself too much with the current drop because I know it was just temporary and it will be over soon.