Is Bitcoin Going To Fall Below The Previous 20k ATH possible?

fullhdpixel

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Quote from: AmoreJaz on August 14, 2022, 05:05:38 PM

i don't think we will go down that hard as far as $13k anymore. we are now more than 20k and going up. and it seems we are fighting above 20k already. unless, some bad news will come up that will trigger the market to do gown again. but so far, i believe we will stay above 20k in the remaining months of this year. whatever the btc price will be, one should prepare on how to take advantage of the current market price.

Like what @borovichok said, the impossible becomes feasible here in crypto. I agree with him actually because I already witnessed some unrealistic events on the past. If all of it are possible then why not this 13k when the bear market is still there and the gap from the current price to that price is not really that far away but no doubt that I like the actions btc is showing there.

It's indeed fighting only to retain its position but it's unfortunate that how many times it attempt to pass a higher limit, there are still a time where it is dragged down easily especially if there a sudden bad news or some kind of a fund that hits the market.

OgNasty

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The next couple of weeks are going to likely be the most important we’ve had since the recent bottom. We’ll get to see the effect of the mtgox coins on the market and if they’ll be able to be absorbed or cause a breakdown in the price rally. I’m watching and waiting like everyone else, but I’m not sure my actions would be effected regardless of what happens. The next leg up is approaching…

EdenHazard

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Quote from: AmoreJaz on August 14, 2022, 05:05:38 PM

Quote from: Jating on August 14, 2022, 04:53:17 PM

Quote from: Frengki_cisco on August 14, 2022, 01:57:14 AM

Quote from: borovichok on June 17, 2022, 06:43:39 PM

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

I have a thought that Bitcoin will decline below $20k, the target and some speculations that I have read Bitcoin will touch the price of $13k this year, however we are always monitoring Bitcoin developments whether the speculation is true or just an illusion.

That is the price that has been predicted because we have hit the $17,500, way below the previous all time high and no one really expect it to happen very fast, in about 6 months time, we come from $69k, new all time high to lower lows of $17,500 and that's why their prediction of $13k. However, that prediction has been invalidated already when we went above $20k, sustained it and moving towards $25k-$30k if we will have enough push till next month.

i don't think we will go down that hard as far as $13k anymore. we are now more than 20k and going up. and it seems we are fighting above 20k already. unless, some bad news will come up that will trigger the market to do gown again. but so far, i believe we will stay above 20k in the remaining months of this year. whatever the btc price will be, one should prepare on how to take advantage of the current market price.

You know what? The last time we crashed from $35k down to $16k were a trampoline for us to get skyrocketed even more ! We are not even in the middle of the bounce back now , $24k and so on increasing day by day ... the bullish not formed yet but we might seeing it at the level of $32k or so before the correction and going to the moon before the halving arrive after next year.

$100k are the target , looks impossible now but we will see it.

AmoreJaz

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Quote from: Jating on August 14, 2022, 04:53:17 PM

Quote from: Frengki_cisco on August 14, 2022, 01:57:14 AM

Quote from: borovichok on June 17, 2022, 06:43:39 PM

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

I have a thought that Bitcoin will decline below $20k, the target and some speculations that I have read Bitcoin will touch the price of $13k this year, however we are always monitoring Bitcoin developments whether the speculation is true or just an illusion.

That is the price that has been predicted because we have hit the $17,500, way below the previous all time high and no one really expect it to happen very fast, in about 6 months time, we come from $69k, new all time high to lower lows of $17,500 and that's why their prediction of $13k. However, that prediction has been invalidated already when we went above $20k, sustained it and moving towards $25k-$30k if we will have enough push till next month.

i don't think we will go down that hard as far as $13k anymore. we are now more than 20k and going up. and it seems we are fighting above 20k already. unless, some bad news will come up that will trigger the market to do gown again. but so far, i believe we will stay above 20k in the remaining months of this year. whatever the btc price will be, one should prepare on how to take advantage of the current market price.

Jating

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Quote from: Frengki_cisco on August 14, 2022, 01:57:14 AM

Quote from: borovichok on June 17, 2022, 06:43:39 PM

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

I have a thought that Bitcoin will decline below $20k, the target and some speculations that I have read Bitcoin will touch the price of $13k this year, however we are always monitoring Bitcoin developments whether the speculation is true or just an illusion.

That is the price that has been predicted because we have hit the $17,500, way below the previous all time high and no one really expect it to happen very fast, in about 6 months time, we come from $69k, new all time high to lower lows of $17,500 and that's why their prediction of $13k. However, that prediction has been invalidated already when we went above $20k, sustained it and moving towards $25k-$30k if we will have enough push till next month.

Frengki_cisco

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Quote from: borovichok on June 17, 2022, 06:43:39 PM

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

I have a thought that Bitcoin will decline below $20k, the target and some speculations that I have read Bitcoin will touch the price of $13k this year, however we are always monitoring Bitcoin developments whether the speculation is true or just an illusion.

kesmex

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Quote from: GreatArkansas on August 12, 2022, 08:34:48 PM

Quote from: STT on August 11, 2022, 06:58:57 PM

As a shock spike down yes I think its still possible. Consider it a result of volatility being high but overall I do think BTC is doing some work to put in higher lows even if we must rebuild that process more then once.
(.....)

My basis also why we still have the huge possibility that we may experience to drop below $20,000 again is the volatility when Bitcoin is dumping versus it is pumping, the pressure is higher when Bitcoin is dumping.
The previous all-time-high of $20,000 is a huge horizontal support for me especially before, we took years before broke that previous all-time-high.

it looks like $20k is a very strong support, and it is very clear because Bitcoin was able to increase again above $20k,
even briefly below $20k and down to $17k, but $20k is a supply zone, so we have to be calm,
if Bitcoin goes forward won't go down below that again

maydna

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Quote from: romero121 on August 12, 2022, 05:42:31 PM

We can't be conclusive on the market movements. To the ongoing market movement, there is more chances of price falling down to $20k, but the recovery will take place within a short. There is more chances of bitcoin investment turning towards altcoins. By that time we'll experience the downtrend of the bitcoin market pushing most of the potential altcoins to some level that have fallen 60% and 70% without any big movements for a long.

It is difficult to infer market movements because today's market is very different from a few years ago. Many of us don't expect the price to fall to $20k or more because it could cause panic among investors, especially new investors who tend to be weak-handed. But for long-time investors experienced in the crypto market, it is a good opportunity to buy many bitcoins. But it could be that if the price of bitcoin drops, it will trigger a potential altcoin movement in a bullish direction to achieve the altcoin season again this year.

GreatArkansas

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Quote from: STT on August 11, 2022, 06:58:57 PM

As a shock spike down yes I think its still possible. Consider it a result of volatility being high but overall I do think BTC is doing some work to put in higher lows even if we must rebuild that process more then once.
(.....)

My basis also why we still have the huge possibility that we may experience to drop below $20,000 again is the volatility when Bitcoin is dumping versus it is pumping, the pressure is higher when Bitcoin is dumping.
The previous all-time-high of $20,000 is a huge horizontal support for me especially before, we took years before broke that previous all-time-high.

romero121

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We can't be conclusive on the market movements. To the ongoing market movement, there is more chances of price falling down to $20k, but the recovery will take place within a short. There is more chances of bitcoin investment turning towards altcoins. By that time we'll experience the downtrend of the bitcoin market pushing most of the potential altcoins to some level that have fallen 60% and 70% without any big movements for a long.

Shasha80

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Quote from: Epaper on August 11, 2022, 12:06:51 PM

Quote from: Lorence.xD on June 20, 2022, 07:43:39 AM

Quote from: Epaper on June 20, 2022, 06:57:07 AM

After seeing the price of bitcoin stuck at the $20k price level, it will allow bitcoin to continue to experience further declines in price towards the $17K area. If the current price decline continues, it is possible that the bitcoin price will drop lower than the previous ATH level.

It's already the start of the winter in the market, I am pretty sure that we will probably see bitcoin go down much lower in the near future, I think that 17k might not be the lowest point that bitcoin can go, there's definitely a support but bitcoin is still as volatile as ever.

If you look at the current condition of the crypto market, which is still in a bear position, it is possible that the price of bitcoin has the potential to fall even deeper than the current price. Therefore, in a condition where the price of bitcoin is still experiencing a decline, it is better that now is not the time to enter to buy because the price of bitcoin has the potential to fall even further.

Not only is it still in a bear market, but Bitcoin is still failing to rise above $25k. Then there is still a possibility that the Bitcoin price will fall
below $20k again, especially since Bitcoin's movement is very volatile, make Bitcoin movements more difficult to predict. There are even
some people who believe Bitcoin will hit the price of $10k, but i don't believe it will happen, after all the price support $17k is very strong,
so my prediction is that the lowest Bitcoin price is likely to be $17k.

But that doesn't mean to buy Bitcoin we have to wait for Bitcoin to reach the lowest price, because Bitcoin doesn't necessarily fall below $20k,
because often our predictions are not accurate. So I prefer to buy Bitcoin at the current price, but of course do not use all the capital we have
to buy Bitcoin, because we can buy Bitcoin gradually. This means we will buy Bitcoin again every time the price goes down, that way when
the price of Bitcoin suddenly rises we will not regret missing buying Bitcoin at a low price.

STT

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As a shock spike down yes I think its still possible. Consider it a result of volatility being high but overall I do think BTC is doing some work to put in higher lows even if we must rebuild that process more then once.
There are erratic price points and regular price action with hopefully higher volume, the spikes arent always as important as the regular action. Same reason people follow moving averages for the momentum they represent, we have to repair and improve those is good basic view.

tippytoes

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Quote from: Hypnosis00 on August 11, 2022, 06:37:35 PM

Quote from: dataispower on July 28, 2022, 04:41:54 PM

Quote from: Semar Mesem on July 28, 2022, 01:38:50 AM

I believe that the second half of 2022 will be positive, July is the start of a revival, prices rise from $18k to over $23k, investors earn more than 30% profit within a month if they buy when the price dips and sell now, but I suggest to keep buying, the opportunity for rising is very big and makes me optimistic that August will reach $40k.

Over two weeks now bitcoin has been moving up and down positively and the many people recinto jubilation especially people that hold cryptocurrency for long time. And from your observation I believe that cryptocurrency will have a good u turn within the month of September and October in this year 2022. Bitcoin is coming up I seen that cryptocurrency is also increasing in so many countries that inflation he's holding.so I believe that there is a lot of improvement over cryptocurrency in July and it will keep on going

We have just to believe and think that the market will not be always on the downtrend, ups are still possible despite the current situation. I'd see the sacrifice made by these investors but they seem not hopeless believing that there is still the chance to see Bitcoin rallying back high someday. This year is somewhat uncertain but predicted that the bear season remains until December and might be extended in the 1st quarter of 2023.

In all honesty, no one can predict what will happen next. We are all just speculating what's next in this market and possibly doing some analysis on what coins to store while waiting for the right timing to sell your coins. In any case, such prediction is a positive one wherein, it is giving hope to holders and possibly for the newcomers in this market.

Hypnosis00

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Quote from: dataispower on July 28, 2022, 04:41:54 PM

Quote from: Semar Mesem on July 28, 2022, 01:38:50 AM

I believe that the second half of 2022 will be positive, July is the start of a revival, prices rise from $18k to over $23k, investors earn more than 30% profit within a month if they buy when the price dips and sell now, but I suggest to keep buying, the opportunity for rising is very big and makes me optimistic that August will reach $40k.

Over two weeks now bitcoin has been moving up and down positively and the many people recinto jubilation especially people that hold cryptocurrency for long time. And from your observation I believe that cryptocurrency will have a good u turn within the month of September and October in this year 2022. Bitcoin is coming up I seen that cryptocurrency is also increasing in so many countries that inflation he's holding.so I believe that there is a lot of improvement over cryptocurrency in July and it will keep on going

We have just to believe and think that the market will not be always on the downtrend, ups are still possible despite the current situation. I'd see the sacrifice made by these investors but they seem not hopeless believing that there is still the chance to see Bitcoin rallying back high someday. This year is somewhat uncertain but predicted that the bear season remains until December and might be extended in the 1st quarter of 2023.

Epaper

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Quote from: Lorence.xD on June 20, 2022, 07:43:39 AM

Quote from: Epaper on June 20, 2022, 06:57:07 AM

After seeing the price of bitcoin stuck at the $20k price level, it will allow bitcoin to continue to experience further declines in price towards the $17K area. If the current price decline continues, it is possible that the bitcoin price will drop lower than the previous ATH level.

It's already the start of the winter in the market, I am pretty sure that we will probably see bitcoin go down much lower in the near future, I think that 17k might not be the lowest point that bitcoin can go, there's definitely a support but bitcoin is still as volatile as ever.

If you look at the current condition of the crypto market, which is still in a bear position, it is possible that the price of bitcoin has the potential to fall even deeper than the current price. Therefore, in a condition where the price of bitcoin is still experiencing a decline, it is better that now is not the time to enter to buy because the price of bitcoin has the potential to fall even further.

dataispower

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Quote from: Semar Mesem on July 28, 2022, 01:38:50 AM

I believe that the second half of 2022 will be positive, July is the start of a revival, prices rise from $18k to over $23k, investors earn more than 30% profit within a month if they buy when the price dips and sell now, but I suggest to keep buying, the opportunity for rising is very big and makes me optimistic that August will reach $40k.

Over two weeks now bitcoin has been moving up and down positively and the many people recinto jubilation especially people that hold cryptocurrency for long time. And from your observation I believe that cryptocurrency will have a good u turn within the month of September and October in this year 2022. Bitcoin is coming up I seen that cryptocurrency is also increasing in so many countries that inflation he's holding.so I believe that there is a lot of improvement over cryptocurrency in July and it will keep on going

justdimin

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Quote from: Semar Mesem on July 28, 2022, 01:38:50 AM

I believe that the second half of 2022 will be positive, July is the start of a revival, prices rise from $18k to over $23k, investors earn more than 30% profit within a month if they buy when the price dips and sell now, but I suggest to keep buying, the opportunity for rising is very big and makes me optimistic that August will reach $40k.

The second half have started already by the time we enter the month of july. At the first few days/weeks there are no noticeable change in the price but recently, we saw that price break the 20k barrier. This may seem not much but this was still an improvement compared to those past months where the price only sits at 20k and sometimes going under than that.

The lowest we got this year was not 18k but it was 16k I think, so people that bought on that price are now earning more than 30% if ever they sell when the price touches 23k. There might be some who got greedy and refrain to sell thinking the rise will continue but it fell down again by some percent.

Semar Mesem

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I believe that the second half of 2022 will be positive, July is the start of a revival, prices rise from $18k to over $23k, investors earn more than 30% profit within a month if they buy when the price dips and sell now, but I suggest to keep buying, the opportunity for rising is very big and makes me optimistic that August will reach $40k.

YOSHIE

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Quote from: borovichok on June 17, 2022, 06:43:39 PM

In crypto, the impossible becomes feasible,

This is an important point that you must understand, to be honest when I see the crypto market, especially the price of Bitcoin goes up and vice versa, I always follow your words.

Honestly Bitcoin ATH 2017, I've followed the prediction, but all in vain, from the experience and lessons I took when Bitcoin went up and down, at this time I don't believe in predictions anymore.

The method below I did successfully in the crypto world.

Quote

Speculation is an opinion or assumption that is not based on reality. The meaning of speculation can also mean an action that is chancy or the act of buying or selling something that might bring a big profit.

This method, is almost the same as you said above, so until now if I want to invest in the crypto world, I always prioritize as I quoted above, the conclusion, do it, be patient, without considering the old and new ATH.

Questat

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Quote from: LegendaryK on June 18, 2022, 01:00:58 PM

Quote from: bitzizzix on June 18, 2022, 09:06:58 AM

It looks like what is happening is going to be a painful drop and a lot of people expected 20K to be the lowest bitcoin price but in reality it's more than 20K, and currently the bitcoin price is 19K and I hope it doesn't hit 18K. And if that happens I think 15K will also be reached and if it's not strong enough to sustain it, 13k is also possible and maybe 10k is the end of a very painful drop.

Now down to $18k, $13k does not seem so far away.
Wonder how long before miners start going bankrupt.

If that so happen, I'll still buy more...I can't be hopeless anyway even if it drops below $10k.
I still entrust with Bitcoin and in the market, I see the worse one last 2018-2020 where Bitcoin almost fall down but look? We are able to see Bitcoin at $60k during the bull season. I was just to figure it out, things can be alright after the hard times - we don't just let this negativity drives us, I was still holding and patiently waiting for the recovery as it was indeed to come.

Topic: Is Bitcoin Going To Fall Below The Previous 20k ATH possible? (Read 644 times)