Topic: I think that we will see 13500 Dollars In 2022 - page 6. (Read 1120 times)

I agree with these arguments. FTX is like just another Mt. Gox happening in 2022! Its very sad for crypto markets, that kind of large exchanges getting bankrupt situations are happening. I think we better stop saying Bitcoin will go even worse than this but accept that we are literally in rock bottom now. Its better to start buying it in low amounts.

Prices won't rise anytime soon, in my opinion. As for Bitcoin, I don't know where the bottom is either. I find it mind-boggling how people are now selling after watching the price fall all this way. We are now preparing to fill bags for the trip back up. There's nothing to worry about. Neither this is our first nor our second bear market. Depending on the direction it goes, I think it will go up or down to 14800 or 17600.

$13,000 is already possible on what we experienced recently. Since Bitcoin started to drop the $15, xxx level. I am already expecting Bitcoin to be $13,000 or much worst is $10,000.
Right now, for me, the lowest is $10,000. That will be my deepest. But just incase it will happen, I believe it will just a wick candle, just like what happened on March 2020.

If you get it right you won't have much merit, the merit would have been if you had predicted that in January of this year. Or last year when the price hit $69k. To me, whether we go a little lower now or not is not that relevant. It could happen, especially if we have another exchange going bust or something.

I don't care so much if we've hit low already or can go lower as much as I do seeing overall how this cycle, which is the worst in terms of percentage returns since Bitcoin was created, will end.

At least people are learning their lesson.

I honestly can't believe how many people leave their crypto on exchange.

Also the number of crypto bros who still believe 'yield farming' is a legitimate way to make money.

Bitcoin price correction is always possible especially when the market is hit by FUD due to the FTX crash. It is clear that the reaction of traders and investors has affected the price of bitcoin so much that bitcoin has lost a lot of value. Bitcoin has been trying to recover from the last week of October to the first week of November, but has collapsed again since November 8th closing at around $15,742 on November 9th.

The FTX issue has affected the crypto market in general and many investors and traders are starting to lose faith in centralized exchanges resulting in a lack of trading activity making bitcoin trade volumes lower. The lowest trading volume peak during November was on the 20th with a volume of around $10.8 billion and I think this is a real reaction to the loss of interest of traders to use the exchange.

Hahahaha had to laugh at this one.

We are in for a reckoning much worse than 2008.

We have been in an inflationary bubble this whole time and still are, hence why prices are (still) going up.

We are in a technical recession, but the actual recession hasn't hit yet.

The mtGox issue was just excess liquidity, that'd be a spike down and back up again not so negative especially longer term.   The wider issue now and maybe every low for BTC is confidence and the genuine backbone belief to the usage not just now but ever, future build in its basic utility and also growth towards greater populations of use.

Always this market will be tested, at the very start of Bitcoin despite some very clever invention and innovation people said no matter what it had to rip itself apart.   They weren't all being negative specifically but because its an arguable point on every economic system thats ever tried to work, from feathers and shells exchanged in ancient times to the modern treasury bill system.   All of it is a ticking time bomb because theres always problems, greed is a constant not a question and corruption, theft everything is there waiting to destroy honest exchange so why not Bitcoin also to fail;  BTC must end as all value systems are ultimately self-destruction that is the reasoning this year, always tbh.   Now we're on lows, these are the questions is it real or a dream to wake from.


To me its way to late to state that argument, calling a bear out when we were 40k was the time really.  Clever if you can see a negative cycle reoccurring and get ahead of it.  Now really I think optimism is the idea to formulate and when to be the optimist.   Going out in the middle of a thunderstorm in shorts would be bad timing but its not unknown for sunshine after the rain, in fact its entirely reasonable to start an estimate ahead of time.
  The bottom price is less important then timing and I dont see BTC itself is altered by the failures of those who had used it, thats just the normal cycle and we're paired with a horrible swing in Dollar that makes entire countries and enterprise systems suffer in their exchange rate some of the fall in BTC is external imo but we also gained some similarly from that cycle also so avoid over focusing imo.



Bigger then the war, is the inflation problem with instability in currencies.  Neither is any positive of course.

Bitcoin drops below $15k isn't impossible, especially when many investors lose their trust in exchanges and crypto coins after the cases of Luna and FTX. If we have more cases on crypto exchanges or if there is another big crypto project that turns bankrupt, I assume Bitcoin price is possible to fall below $15k. You may think Bitcoin can't drop below $15k based on analyzing the Bitcoin price chart. However, the issue or news seems to have a bigger role in determining the Bitcoin price lately.

FTX caused the market to go into a bad state even after an uptrend started. Now there is a huge fear among everyone and the exchanges are getting a lot of withdrawal request which is difficult for an exchange to handle. If this situation continues, we may see a worse scenario even lower than the OP's target. Because crypto investors still don't know exactly where to go.

We are already in the recession, ever since the war started between Russia and Ukraine.

So not sure what recession you are talking about, every country has suffered the worst already, and prices of basic commodities are going up. But let's see if your prediction is a hit or miss. But if we are going to look at previous history, we might see a -85% down, so that means that price can go lower between $10k-$13k so say that we have hit the bottom in this bear market and this is in line with what the OP has predicted.

I think we will see $7000 in 2023 when the recession hits.

You just made a statement which could be truth or later turn to be false. There is no problem with that because it is called speculation, but where I have some kind of doubt or I need some kind of clarification is why you choose 13,500 dollars. I mean it is not even 13,000 dollars you had to put $500 on it showing that there is a particular reason for choosing that figure.
I expected to see your reason with some charts and graphs, but it seems you just chosed some random figures. Which means I can create my own topic and say "I think BTC will see 7,500 dollars in 2022". Then everyone will begin to deliberate extensively on it.
Maybe next time you can consider to add your reasons for your speculations.

FTX has been the main problem that has destroyed the market, even though bitcoin is not directly involved in the exchange problem, but bitcoin is also affected because the trust of crypto users continues to decline.


current market behavior is still unstable, after yesterday bitcoin touched the price in the $15,500 area which is the strongest support at the moment, making bitcoin fall back after previously being able to stay above the price of $16k. However, to touch the price of $ 13,500, you still have to penetrate several strong supports, one of which is priced at $ 14,695 as Bearish support which will determine whether Bitcoin is bearish again or not.
But right now it is still stuck at $15,500 and continues to climb above $16k.

Hoping that bitcoin can survive and return to bullish and not touch the Bearish Support area.

I'm hoping not. But not say it was impossible because the market price still continue moving down the hill. I see a terrible market trend after a few months of rest. I thought that $18k is the bottom price because we saw the price of Bitcoin maintain above $20k for a few months but sadly, the FTX issue has been the reason for the huge change.
I don't have any idea how long this will take but I still hold and wait for the recovery. And I wasn't buying now as I'm still observing the market behavior.

The opportunity to continue to fall is very large because more and more FUDS after the FTX case, and now many exchanges are limiting withdrawing and applying KYC, as investors we must be vigilant if the price of Bitcoin drops again below $ 15k, trust will disappear when prices continue to drop, and if if the price continues to drop, and if the price continues to drop Prices fell more than 5% a day.

Anything that you do that you enjoy is not a waste of time. For him he think it's a waste of time because maybe he is only forced to make a prediction or he thinks that anything that he said will come true but it didn't so that caused him to feel bad.

This is why it's called prediction because there is no assurance that it will occur. It does not make the market more volatile except if you team it up with actions like you will buy now because you think the price will rise later on, or sell now because you don't want to see your portfolio losing. The $13.5k the op is assuming is still possible to happen. We still have 1 month to finally end the year.

It does always have the chance, this market is never been predictable which means that price is really that it could neither drop that low or not.It would really be depending always on the demand and support of the

community here on the market.If ever it would reach out 13500 then my funds is already to buy up some coins in that point and much more if it would go for 10k then i would really be filling up my stash.

Therefore, as an investor here on this market then you should prepare up yourself on facing up these conditions or situations.You cant really be that
conclusive on a market which is too volatile.

It is true that we may not have reached the final bottom of this year's bear season, there is a chance that bitcoin could still fall deeper or even lower than the price OP mentioned. But if we compare with ATH and have enough confidence that bitcoin will hit 6 digits in the future, then current price is too good to buy and no need to worry about bitcoin falling further or not, IMO.

We are very close to the bottom and if we accumulate from this price until bitcoin hits $100k, that is already a huge profit, so don't try to find the bottom or wait for the price to fall further before buying is a mistake.

No one will dispute your opinion that the bear market is going on right now.

The bad news has already happened and that is why btc fell to this $16 mark. Yes, this is true, this level can be broken and the price can fall even lower if btcoin holders continue to sell it further.

I think you shouldn't panic about what's going on if you're a long-term holder and will be holding btc for a long time to come. $16.000 is not $16. Bitcoin still has a high value, which is likely to increase in the future. This scenario has already been played out more than once.