Prediction: Low was $34K or will be ~$25K

Silberman

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Quote from: Dave1 on February 18, 2022, 07:14:50 PM

Quote from: Silberman on February 18, 2022, 02:39:25 PM

Quote from: maydna on February 16, 2022, 12:38:55 PM

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

Unfortunately it seems that we are very close to fall below the 40k level again, the price is barely above it and I do not think it is going to resist much as even if the bulls are giving a fierce battle the bears seem to be in control of the situation, I hope this does not happen as this could create once again some FUD among traders and investors and we could see an even bigger decrease in the price than the one that we saw yesterday.

We already did, last time I checked the price is $39,990 so the $40k was not defended in the last 4 hours. But hopefully we can still push above it and bring it back to $40k this weekend. As others said, this is a critical level and we don't want to see the price going down because it will follow by a huge sell-off again. So it will be panic once again and we don't know what price it will settle. Lowest low is $32k-$33k last month so we might be looking at it again.

Unfortunately it has already happened as you state, just a few hours after my post the price dropped below the 40k level and now it is placed at the 37k level, the bears are in complete control of the situation as all the market is red and it is suffering an important drop, now there are several questions that need to be answered, how long will the price of bitcoin remain below the 40k level? And will the 30k level resist or the price will go even lower than that?

kotajikikox

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Quote from: ancafe on February 21, 2022, 02:05:59 AM

Unfortunately, the price push below $40k is very strong, and now the price has reached the $39k range, and the worst case could be even lower. however, yesterday I saw the price was under $39k, and now it's back. Well, instead of thinking about $45k or even $50k, I agree with you right now. even when you see bitcoin prices reach the $40k range, that's enough. sometimes, Q1 at the beginning of the year crypto prices tend to be pushed down. even holding on and rising slowly at this point is already good.

lol have you checked the market yesterday? and the day before? bitcoin price drops down already to 38k and you are wrong about that 39k lowest.
also we can see the shallow hold on that level meaning any moment the price may fall down to 37k or even lower.

But still we have hopes in this matter as bitcoin is still in high value compared to what we have before the bullrun last year same season as now .

buwaytress

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Quote from: cryptomaniac_xxx on February 20, 2022, 08:56:53 PM

Quote from: buwaytress on February 20, 2022, 09:43:24 AM

Going to be a long road, this first quarter, not that it wasn't ever on the cards.

Oh, the dreaded weekend again, when we thought that it should be a slow down, the market suddenly turns into a downward spiral and now we are in the $38'ish because obviously the $40k support was not strong enough.

I think it has been projected that the first quarter will be very tough, calls for $50k? probably not going to happen with the current geo-politics around the world that has affecting all the financial markets.

Yeah, that was a smallish bummer for me. Smallish because I was hoping for a round of consolidation, but it seems now we've entered into another phase where we need to attack a significant barrier. I'd have preferred that barrier to be 45k as that seemed more palatable than 40k -- but it's not entirely bad as it still means a bit more stacking at a real value price, if I want to use JPMorgan's "real value" estimate at 38k!

Definitely doesn't look like a 50k attack any time soon.

skarais

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Quote from: ancafe on February 21, 2022, 02:05:59 AM

Unfortunately, the price push below $40k is very strong, and now the price has reached the $39k range, and the worst case could be even lower. however, yesterday I saw the price was under $39k, and now it's back. Well, instead of thinking about $45k or even $50k, I agree with you right now. even when you see bitcoin prices reach the $40k range, that's enough. sometimes, Q1 at the beginning of the year crypto prices tend to be pushed down. even holding on and rising slowly at this point is already good.

I just believe that the price of bitcoin always fluctuates throughout the year both up and down, at any time as long as demand is lower than supply or vice versa. So far we are in a downward trend since November 2021 and it has been for 3 months although currently the bitcoin price is $39K.

During 2022 I think bitcoin price is likely to go down rather than up although there is always an unexpected potential for bullish and hit a new ATH above $69K. But I can still expect a decline or a correction as long as the demand for bitcoin doesn't increase as we experienced over the last 3 months. So far, the market has been heavily affected by FUD, although it only lasted for a short time. But obviously it could lead people to dump bitcoin and try to buy them back at a lower price. I think it's still possible we'll be in the $20K to $25K price range this year because I'm sure $69K won't break this year.

ancafe

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Quote from: buwaytress on February 20, 2022, 09:43:24 AM

So, my hopes for a February that did not go down below 40k again didn't materialise. People were talking about 45 and 50 tests, but I'd have been more than happy for a strong and unyielding support at 40k. Only thing is this is the weekend, so the work week should bring more clarity but if we lose more ground, sentiment can shift quickly to pile on the selling pressure.

Going to be a long road, this first quarter, not that it wasn't ever on the cards.

Unfortunately, the price push below $40k is very strong, and now the price has reached the $39k range, and the worst case could be even lower. however, yesterday I saw the price was under $39k, and now it's back. Well, instead of thinking about $45k or even $50k, I agree with you right now. even when you see bitcoin prices reach the $40k range, that's enough. sometimes, Q1 at the beginning of the year crypto prices tend to be pushed down. even holding on and rising slowly at this point is already good.

cryptomaniac_xxx

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Quote from: buwaytress on February 20, 2022, 09:43:24 AM

So, my hopes for a February that did not go down below 40k again didn't materialise. People were talking about 45 and 50 tests, but I'd have been more than happy for a strong and unyielding support at 40k. Only thing is this is the weekend, so the work week should bring more clarity but if we lose more ground, sentiment can shift quickly to pile on the selling pressure.

Going to be a long road, this first quarter, not that it wasn't ever on the cards.

Oh, the dreaded weekend again, when we thought that it should be a slow down, the market suddenly turns into a downward spiral and now we are in the $38'ish because obviously the $40k support was not strong enough.

I think it has been projected that the first quarter will be very tough, calls for $50k? probably not going to happen with the current geo-politics around the world that has affecting all the financial markets.

buwaytress

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So, my hopes for a February that did not go down below 40k again didn't materialise. People were talking about 45 and 50 tests, but I'd have been more than happy for a strong and unyielding support at 40k. Only thing is this is the weekend, so the work week should bring more clarity but if we lose more ground, sentiment can shift quickly to pile on the selling pressure.

Going to be a long road, this first quarter, not that it wasn't ever on the cards.

Baofeng

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Quote from: Dave1 on February 18, 2022, 07:14:50 PM

Quote from: Silberman on February 18, 2022, 02:39:25 PM

Quote from: maydna on February 16, 2022, 12:38:55 PM

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

Unfortunately it seems that we are very close to fall below the 40k level again, the price is barely above it and I do not think it is going to resist much as even if the bulls are giving a fierce battle the bears seem to be in control of the situation, I hope this does not happen as this could create once again some FUD among traders and investors and we could see an even bigger decrease in the price than the one that we saw yesterday.

We already did, last time I checked the price is $39,990 so the $40k was not defended in the last 4 hours. But hopefully we can still push above it and bring it back to $40k this weekend. As others said, this is a critical level and we don't want to see the price going down because it will follow by a huge sell-off again. So it will be panic once again and we don't know what price it will settle. Lowest low is $32k-$33k last month so we might be looking at it again.

You might have spoken too soon as the price is not defended as we are going down hard again in the last 24 hours, price at $38k. So no push this weekend, on the contrary there are more selling.

So expect that the retracement will continue and we don't know when the bloodbath will stop. Hopefully though $35k will be the limit in the current downward pressure that we are seeing.

Dave1

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Quote from: Silberman on February 18, 2022, 02:39:25 PM

Quote from: maydna on February 16, 2022, 12:38:55 PM

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

Unfortunately it seems that we are very close to fall below the 40k level again, the price is barely above it and I do not think it is going to resist much as even if the bulls are giving a fierce battle the bears seem to be in control of the situation, I hope this does not happen as this could create once again some FUD among traders and investors and we could see an even bigger decrease in the price than the one that we saw yesterday.

We already did, last time I checked the price is $39,990 so the $40k was not defended in the last 4 hours. But hopefully we can still push above it and bring it back to $40k this weekend. As others said, this is a critical level and we don't want to see the price going down because it will follow by a huge sell-off again. So it will be panic once again and we don't know what price it will settle. Lowest low is $32k-$33k last month so we might be looking at it again.

Silberman

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Quote from: maydna on February 16, 2022, 12:38:55 PM

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

Unfortunately it seems that we are very close to fall below the 40k level again, the price is barely above it and I do not think it is going to resist much as even if the bulls are giving a fierce battle the bears seem to be in control of the situation, I hope this does not happen as this could create once again some FUD among traders and investors and we could see an even bigger decrease in the price than the one that we saw yesterday.

Roidz

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With the look of things we might not see any further decline in the market price of Bitcoin this is because the major factor that do affect downward trend of Bitcoin bad news that maybe result from crypto currency ban by government and such news cannot be found any longer. Higher we go from now on and if you are still waiting for low for you to buy then you may end up waiting in vain.

Price movements are still very difficult to predict right now, in the last few days bitcoin managed to strengthen to $44,000 but it didn't take long for the bitcoin price to fall again like it is now at $41,900, and I think maybe the decline will happen again because there are still many issues the negative that is currently circulating and maybe the fear of war between russia and ukraine is also pushing the bitcoin price down even more at the moment, I think bitcoin is not yet at its support price so the decline maybe continue in the next few days.

tygeade

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Quote from: maydna on February 16, 2022, 12:38:55 PM

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

We? Including the users above? But, there are user that predicted btc will fall and the rest of them hope for a rise. Cannot imagine if both of them occur at the same time or maybe the price will be stable then or stay at the middle because it was being pulled in both sides.

Bitcoin is a strong coin and he can hold on no matter what negativeness can come. Bitcoin already went to the bottom so it does not shock me at all if it ever comes down again. No need for a preparation in my case. I also wont buy or sell at any moment but for you maybe you should do it if your not used to on different situations so that no panic attacks that will happen.

justdimin

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Quote from: arufox on February 16, 2022, 08:49:15 AM

Quote from: Ngemmeng on February 12, 2022, 06:58:17 PM

there is no guarantee this price drop will be a big profit in the next week as the bear market is not showing any signs of ending. the possibility of bitcoin price reaching a lower point in the next few weeks is still very wide open.

Indeed, there is no guarantee to what extent the bitcoin price will fall but, if we look at the current bitcoin price movement, it is in an uptrend even though the buying and selling pressures are both strong, however, the bitcoin price is still able to stay in the $44k range. Therefore, I think Bitcoin will continue to advance in upward momentum towards its target price of $52k.

There is a "bit" of understanding where it will fall. I mean we all know it won't be 10 bucks right? I know it is a big example and that is not what we are talking about but if we all think that it won't be ten bucks then we all agree that there is a price where it won't fall. To me that is 20-25k range, I do not think that we will see anything under 25k dollars.

It means that you could make predictions based on that. Like when it was close to 30k recently, I calculated that it wouldn't be under 25k, it may have fallen to that but that is it. So, I bought as much as I could again and now I am in a bigger profit already. So it is easily predictable to think how much it will fall or won't fall.

maydna

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Quote from: arufox on February 16, 2022, 08:49:15 AM

Quote from: Ngemmeng on February 12, 2022, 06:58:17 PM

Quote from: arufox on February 12, 2022, 01:17:52 PM

Even though the bitcoin price has fallen nearly 5% over the past two days from the $45k resistance level, the bitcoin price is not going down to the $34k price level again. I expect the current decline as a move for significant gains over the next few weeks.

there is no guarantee this price drop will be a big profit in the next week as the bear market is not showing any signs of ending. the possibility of bitcoin price reaching a lower point in the next few weeks is still very wide open.

Indeed, there is no guarantee to what extent the bitcoin price will fall but, if we look at the current bitcoin price movement, it is in an uptrend even though the buying and selling pressures are both strong, however, the bitcoin price is still able to stay in the $44k range. Therefore, I think Bitcoin will continue to advance in upward momentum towards its target price of $52k.

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

arufox

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Quote from: Ngemmeng on February 12, 2022, 06:58:17 PM

Quote from: arufox on February 12, 2022, 01:17:52 PM

Even though the bitcoin price has fallen nearly 5% over the past two days from the $45k resistance level, the bitcoin price is not going down to the $34k price level again. I expect the current decline as a move for significant gains over the next few weeks.

there is no guarantee this price drop will be a big profit in the next week as the bear market is not showing any signs of ending. the possibility of bitcoin price reaching a lower point in the next few weeks is still very wide open.

Indeed, there is no guarantee to what extent the bitcoin price will fall but, if we look at the current bitcoin price movement, it is in an uptrend even though the buying and selling pressures are both strong, however, the bitcoin price is still able to stay in the $44k range. Therefore, I think Bitcoin will continue to advance in upward momentum towards its target price of $52k.

Silberman

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Quote from: arufox on February 12, 2022, 01:17:52 PM

Even though the bitcoin price has fallen nearly 5% over the past two days from the $45k resistance level, the bitcoin price is not going down to the $34k price level again. I expect the current decline as a move for significant gains over the next few weeks.

I think that we could see those levels again and that the price at some point could drop close to the 30k level, however I think that anything lower than that and the whales will simply take advantage of the opportunity and will simply buy all the bitcoin they can at that point and protect the price that away, and I think this because not only they will protect their investment by doing something like this but also they will increase their holding by buying bitcoin at a great price, which will give them even more profits whenever the next bull run happens.

carlfebz2

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With the look of things we might not see any further decline in the market price of Bitcoin this is because the major factor that do affect downward trend of Bitcoin bad news that maybe result from crypto currency ban by government and such news cannot be found any longer. Higher we go from now on and if you are still waiting for low for you to buy then you may end up waiting in vain.

Really hard to give out some words speaking with price declines because we arent really that too far off when it comes on going below 40k or possible to reach down below or playing around 30k.

We couldnt really tell on what would happen in next months or years to come which is totally unpredictable.We would really be having that never ending speculative approach or guesses

but what makes it harder that we are really moving on sideways now which it is really hard to determine on which way we would go next.

suzanne5223

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Quote from: Reatim on February 13, 2022, 01:59:11 AM

Quote from: bots1 on February 12, 2022, 06:43:56 AM

Since the last few weeks, the price of bitcoin has risen again in the range of $44k. Even though it's currently back down to the $42k price range, it's only a minor correction and it's still reasonable. Therefore, I don't think the bitcoin price will ever drop to the $34k price level. I predict that bitcoin will continue to advance to reach its next price target in the $48k range.

there might be an increase and you did mentioned it wrongly because the price reached 45k not just 44k if you will check in CoinMarketCap here >>> https://coinmarketcap.com/currencies/bitcoin/ but i agree on that 48k was the target before breaking the 50k back again.
but never forget that there is a coming dumping any time soon once the war in Russian Territory against Ukraine happens so be ready and not just believing in what you are seeing now.

@Reatim, If the Bitcoin market experienced some dump in price it's not because of the war in Russia, it is a sign that the Bitcoin market replicates the previous market correction that usually happens after the halving effect market.
The reason why the market is keeping up with the $42K price is that the major investors are the institution and I hope you guys won't be kind by the current trend of the market because the huge correction always happens when people least expected it.

btc78

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Quote from: Ngemmeng on February 12, 2022, 06:58:17 PM

Quote from: arufox on February 12, 2022, 01:17:52 PM

Even though the bitcoin price has fallen nearly 5% over the past two days from the $45k resistance level, the bitcoin price is not going down to the $34k price level again. I expect the current decline as a move for significant gains over the next few weeks.

there is no guarantee this price drop will be a big profit in the next week as the bear market is not showing any signs of ending. the possibility of bitcoin price reaching a lower point in the next few weeks is still very wide open.

That is the problem if you are putting time specification in your investments because that will surely brings you wrong market analyzation and interpretations .

remember that volatility is what the major risk of crypto investment , but also this is the reason why we are having great increase in our investments if we knew how to wait and evaluate our holdings.

So never make your self that comfortable while in crypto .

Reatim

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Quote from: bots1 on February 12, 2022, 06:43:56 AM

Since the last few weeks, the price of bitcoin has risen again in the range of $44k. Even though it's currently back down to the $42k price range, it's only a minor correction and it's still reasonable. Therefore, I don't think the bitcoin price will ever drop to the $34k price level. I predict that bitcoin will continue to advance to reach its next price target in the $48k range.

there might be an increase and you did mentioned it wrongly because the price reached 45k not just 44k if you will check in CoinMarketCap here >>> https://coinmarketcap.com/currencies/bitcoin/ but i agree on that 48k was the target before breaking the 50k back again.
but never forget that there is a coming dumping any time soon once the war in Russian Territory against Ukraine happens so be ready and not just believing in what you are seeing now.

Topic: Prediction: Low was $34K or will be ~$25K (Read 821 times)