Is Bitcoin Going To Fall Below The Previous 20k ATH possible? - page 2.

Yaunfitda

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Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Most likely, there will never be 8k, although I believe in the price of $10,000 for 1 btc. This level is an absolute bottom in many respects, Bitcoin during periods of complete capitulation lost 80-85% of its value from the last ATH. But. This will definitely not happen in a few days, the market cannot fall indefinitely, bounces and consolidations are important, so now the market is more set for a bullish correction. About $40,000....in 2018, too, some argued that bitcoin would never be worth $20,000.

Obviously, it didn't happen obviously, the OP might hav exaggerate it. And if ever we will go to $8k, yeah, it will be another record, capitulation already. And so we are back again in the $20k range, good to see after that $17,500 bottom we have seen 2 weeks ago if I'm not mistaken.

But it's not over yet at least for this year, speculation is that $13k will be the absolute bottom. But we will see, recession is really hurting every market and hopefully the world can recover very soon.

Bitcoin2009

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Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Bitcoin and ethereum have almost the same pattern, these 2 coins are the determinants of the market, if both are green then it can be ascertained that other coins are also green or vice versa, the opportunity to drop is very large because of the large number of FUDs that make many investors afraid and sell bitcoin at low prices, I hope this ends soon and bitcoin can get back to $30k or higher.

Myleschetty

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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.

Yes, there's no time in BTC market price history that has it dumped below its previous ATH price but if you check the percentage of dump BTC always experiences when it total bearish market you'll see that BTC always dumps at least 80-90% of it last ATH price which I believe make the last bottom price to be fair and if we looking at the price very well i can say we haven't seen the last bottom price for this bear market.

Lorence.xD

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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.

Epaper

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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.

ethereumhunter

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Quote from: Bitstar_coin on June 18, 2022, 04:25:11 AM

The believe that btc will raise again or record a new ath is not in question, how low the price will go and the time it will take for btc to recover is the main concern with many investors if am not mistaken. Btc has never fallen below its previous ath according to the @op but right now it looks like history has been broken, there is a new history now.
At this point, we can only seat back and watch how btc free fall to what would be the bottom, nothing much to do.This is the best time to dca, a life changing opportunity.

For long-term investors, they don't think much about how long it will take for the bitcoin price to rise and how long it will take because they are not in a rush to sell their bitcoins. Whenever the price of bitcoin falls, they try to buy more bitcoins because they know that it is a discount time for them. We can also use the moment when the price of bitcoin falls, namely by making small purchases gradually.

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.
no one can predict the bitcoin price accurately even those who are experts, because the ups and downs of bitcoin are influenced by various elements and include weak hands.
and what we have to do now is to be sincerely patient and buy every drop of it and hold it no matter how long it takes the price to rise again or reach a new ATH.

The bitcoin price has already hit $18k in its previous dip and while it may now go up to $20k, that doesn't mean we're going to see a $21k price soon or even another high. There is a possibility that the price will still go up and down every day and we should be prepared to use that opportunity. But I'm still worried that after this, the bitcoin price will drop deeper than yesterday because a deeper decline could occur.

LegendaryK

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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.

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Quote from: ethereumhunter on June 18, 2022, 03:08:46 AM

Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Bitcoin is now down to $19k and looks like it's going down again. But we hope the price doesn't drop any deeper or below $15k. By now, there may have been a lot of people who were panicking seeing the state of the market and they were panicking about selling their coins and not just bitcoins. But I still believe and believe bitcoin will rise higher than ATH before. All we can do is be patient and continue accumulating as many bitcoins as possible before the price rises again.

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.
no one can predict the bitcoin price accurately even those who are experts, because the ups and downs of bitcoin are influenced by various elements and include weak hands.
and what we have to do now is to be sincerely patient and buy every drop of it and hold it no matter how long it takes the price to rise again or reach a new ATH.

bluebit25

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Everything is happening. BTC could fall even lower. That is also my personal opinion. In the current economic situation, when the problem of inflation occurs, almost many of us have to accept selling BTC even though it is a loss or still have a profit to spend for life. I see that it will be a worse scenario in the near future when the world has many other complicated problems going on and there is no way to solve them to bring about peace. BTC will hardly have the motivation to grow fast again, and with this drop I hope to be well prepared to buy more BTC than I can afford.

Wilhelm

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Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Congrats!

Think about this:
There are 56.1M millionaires in the world
There are only 21M bitcoins

Bitstar_coin

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Quote from: ethereumhunter on June 18, 2022, 03:08:46 AM

Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Bitcoin is now down to $19k and looks like it's going down again. But we hope the price doesn't drop any deeper or below $15k. By now, there may have been a lot of people who were panicking seeing the state of the market and they were panicking about selling their coins and not just bitcoins. But I still believe and believe bitcoin will rise higher than ATH before. All we can do is be patient and continue accumulating as many bitcoins as possible before the price rises again.

The believe that btc will raise again or record a new ath is not in question, how low the price will go and the time it will take for btc to recover is the main concern with many investors if am not mistaken. Btc has never fallen below its previous ath according to the @op but right now it looks like history has been broken, there is a new history now.
At this point, we can only seat back and watch how btc free fall to what would be the bottom, nothing much to do.This is the best time to dca, a life changing opportunity.

ethereumhunter

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Quote from: borovichok on June 18, 2022, 02:13:35 AM

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

Bitcoin is now down to $19k and looks like it's going down again. But we hope the price doesn't drop any deeper or below $15k. By now, there may have been a lot of people who were panicking seeing the state of the market and they were panicking about selling their coins and not just bitcoins. But I still believe and believe bitcoin will rise higher than ATH before. All we can do is be patient and continue accumulating as many bitcoins as possible before the price rises again.

Fortify

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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.

What do you guys think? Is the previous ATH price ever going to be broken?

Is Celsius liquidation price going to be the bottom?

The only reason you should hodl and not panic sell.

Quote from: CZ Binance

In 2017, we thought 20k was crazy high, today we think 20k is painfully low. The industry is growing.

When people started using it as an asset rather than a functional currency, then a lot of cheap money started flooding into the market. Blame the speculators who saw it going up week after week while the stock market was languishing - all that money they could borrow from banks at record cheap rates ended up starting to pump into Bitcoin. Now unfortunately a lot of people will be underwater, they borrowed money at one rate, half of it or more might have evaporated and now if they're being sensible they will liquidate while they can still get some money out, even if it is accepting the loss. It might take a very long time before ever going back to and above the previous heights.

KaliLinux

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Quote from: LegendaryK on June 18, 2022, 02:28:27 AM

Quote from: KaliLinux on June 18, 2022, 02:21:17 AM

Quote from: passwordnow on June 18, 2022, 02:10:28 AM

Quote from: LegendaryK on June 18, 2022, 02:05:19 AM

Pop goes the BTC.

just dropped to $19K , next support level $13K.

Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.

Quote from: legcramp on June 18, 2022, 01:54:06 AM

Downnnnnnn

Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.

I don't think even those that bought at the top should really look at it on a negative note. Imagine those that bought at the previous ATH of 2017 for around $20k, the most important thing is for you to be able to have patience and this is difficult if you don't have believe in Bitcoin. Guess we've been here several times before and those that were able to HODL thru 2017 Bear didn't remember that when the market reached another ATH in 2021. All you need is just to HODL.

Here is the mistake bitcoiners make, Past Performance is no guarantee of Future Profit.
The main difference between before and now , is the baby boomers in the US were throwing money at any investment since btc creation,
now the baby boomers are retiring and moving to non-speculative investments like cash and bonds, so the new future might be very different from the past.

Well, you might be right, or maybe not. Every time the price of Bitcoin drops there is always some reason for it and some more reasons some people think Bitcoin might not be able to come back from it, by the way, I am sure some other investors that understand the market differently are the ones buying up every satoshi being sold by others.

LegendaryK

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Quote from: KaliLinux on June 18, 2022, 02:21:17 AM

Quote from: passwordnow on June 18, 2022, 02:10:28 AM

Quote from: LegendaryK on June 18, 2022, 02:05:19 AM

Pop goes the BTC.

just dropped to $19K , next support level $13K.

Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.

Quote from: legcramp on June 18, 2022, 01:54:06 AM

Downnnnnnn

Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.

I don't think even those that bought at the top should really look at it on a negative note. Imagine those that bought at the previous ATH of 2017 for around $20k, the most important thing is for you to be able to have patience and this is difficult if you don't have believe in Bitcoin. Guess we've been here several times before and those that were able to HODL thru 2017 Bear didn't remember that when the market reached another ATH in 2021. All you need is just to HODL.

Here is the mistake bitcoiners make, Past Performance is no guarantee of Future Profit.
The main difference between before and now , is the baby boomers in the US were throwing money at any investment since btc creation,
now the baby boomers are retiring and moving to non-speculative investments like cash and bonds, so the new future might be very different from the past.
Also might explain why $1K of BTC was wiped off most of the markets in less than 15 minutes, is the fund mangers are cutting btc loose.

Cheesy

You can tell the mods are concerned, this topic has been in the main forum all week, but now $20k has busted it was moved to speculation. Cheesy

KaliLinux

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Quote from: passwordnow on June 18, 2022, 02:10:28 AM

Quote from: LegendaryK on June 18, 2022, 02:05:19 AM

Pop goes the BTC.

just dropped to $19K , next support level $13K.

Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.

Quote from: legcramp on June 18, 2022, 01:54:06 AM

Downnnnnnn

Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.

I don't think even those that bought at the top should really look at it on a negative note. Imagine those that bought at the previous ATH of 2017 for around $20k, the most important thing is for you to be able to have patience and this is difficult if you don't have believe in Bitcoin. Guess we've been here several times before and those that were able to HODL thru 2017 Bear didn't remember that when the market reached another ATH in 2021. All you need is just to HODL.

buwaytress

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^Wait, so you're waiting for 8k BTC to go and buy 1? I do agree (and the rest of internet probably would want to agree to be seen as realistic) we've not seen the bottom yet but 8k is an extreme, that if happens, shouldn't be longer than a flash. Unless you've got a limit order waiting somewhere... but would be real shitty to get close to 8k on a bottom before the next rally in 2 years starts and you're left waiting as we enter the next 1/2 year uptrend.

borovichok

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Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k

passwordnow

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Quote from: LegendaryK on June 18, 2022, 02:05:19 AM

Pop goes the BTC.

just dropped to $19K , next support level $13K.

Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.

Quote from: legcramp on June 18, 2022, 01:54:06 AM

Downnnnnnn

Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.

KaliLinux

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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.

What do you guys think? Is the previous ATH price ever going to be broken?

The only reason you should hodl and not panic sell.

Quote from: CZ Binance

In 2017, we thought 20k was crazy high, today we think 20k is painfully low. The industry is growing.

Well, the Bitcoins price just broke the weekly 200MA down around $19k+, though we still have about 2 days to the end of the week and if the price doesn't close about the weekly 200MA what will the price be looking at cos that was supposed to be strong support. Are we looking at going down to around $12k? Shocked

Topic: Is Bitcoin Going To Fall Below The Previous 20k ATH possible? - page 2. (Read 656 times)