Prediction: Low was $34K or will be ~$25K - page 2.

TravelMug

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Quote from: Ngemmeng on February 12, 2022, 07:58:17 PM

Quote from: arufox on February 12, 2022, 02:17:52 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.

To be fair, make it the whole year. We might see lower lows for this year because admit it or not the bears is here and the bullish cycle might have ended last November when we touches a new all time high. Yeah, it's a big earlier as we expect that we will have a final push this December but it didn't happen. So we really need to face the reality that there is a bear season so obviously, lowest low will be seen this year, regardless if it is ~$25k or not.

TimeTeller

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Quote from: Ngemmeng on February 12, 2022, 07:58:17 PM

Quote from: arufox on February 12, 2022, 02:17:52 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.

I have the feeling that we can sustain the $40k level but of course, everything is possible to happen in this market.
We should wait what news are coming in as this may possibly affect where will be heading at.
With the rise of NFT and P2E gaming platforms, I think, they can contribute to further increase of crypto adoption.
Gaming world is a very big one. With the penetration of blockchain gaming into this industry, I am sure, there will be significant impact in crypto market.
But in case, btc will fall down below 35k, why take this opportunity to buy more.

Ngemmeng

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Quote from: arufox on February 12, 2022, 02:17:52 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.

sana54210

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Quote from: bots1 on February 12, 2022, 07:43:56 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.

That is true, I wouldn't go as far as saying that it would never be 34k, but it would be unreasonable to imagine that it would be not anywhere lower than this without a proper cause neither. I feel like it is going to be as high as possible for as long as possible until the hype dies down.

Imagine the increase to 60k+ last year and how it dropped, I am expecting something like that, it could be going down a lot and then it would be going down only after that. I am not saying that this is guaranteed so do not please make your investments based on what I am saying, that is just how the market reacts most of the time and that is why I see it this way.

STT

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Some people subscribe to the absolute theory in that there is always an ultimate bottom price to every move and every other price should be discounted as temporary until that final most negative price occurs.
I just dont think thats the best way to be when we have no fixed pricing in the denominator to this price, which is the Dollar. I would say the recent low was very close to the final sell off type low and also inversely I dont believe the Dollar has much more to gain vs other assets especially those with less supply and greater demand in usage.

arufox

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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.

macson

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Quote from: Chato1977 on February 07, 2022, 06:55:54 AM

there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

it's been a few days since you wrote this but Bitcoin hasn't touched $25k lol. i can't even believe the Bitcoin price will drop below $30k again. Bitcoin ATL for this year i think we passed last January and we certainly won't see the bitcoin price fall any more, just wait for a surprise this year, we will definitely see a new bitcoin ATH.

bots1

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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.

GeorgeJohn

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Quote from: Epaper on February 03, 2022, 10:15:57 AM

I think, although the bitcoin market is currently experiencing uncertainty. But it looks like bitcoin's lowest price is $34k and won't go down to the $25k price level. The last few days bitcoin had re-tested the $38k resistance and bitcoin's movement was still quite stuck at the $38k resistance although there was a slight decline but I see bitcoin will continue to rally to the $40k area. But, for now it's better to wait for the right time to re-enter the Bitcoin market.

I can say many people have lose the chances to enter market when the price was at thirty three thousand (33k) in last two weeks, but i know vividly that know time you adventure into bitcoin market that is wrong, the only thing that's important is the speculation of bitcoin at first at the moment, if you will be able to understand the price rotation. I will even encourage someone to purchase Bitcoin after observing the next movement of it through the chart.

Silberman

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Quote from: StreakW on February 09, 2022, 07:20:03 AM

Quote from: rby on February 02, 2022, 03:09:12 PM

Quote from: StreakW on February 01, 2022, 03:29:42 AM

The price of bitcoin is still experiencing a decline in price, which makes the movement erratic. From the price drop, it can be concluded that Bitcoin still doesn't have full control over the bull rally. Therefore it is possible that the price of bitcoin has the potential to drop to the $30k level but not to the $25k level.

By this time people are supposed to know where bitcoin will form resistance but it is difficult this time to determine it. The market is unpredictable, I know $25k is still possible to attain. But this is time for buy, we cannot actually determine where it's going to no matter how careful we are.

It looks like the current bitcoin price is starting to slowly rebound. Where the last few days the price of bitcoin back up to the level of $ 43k. Therefore, I think that, at the moment, the crypto market is not in a prolonged bearish phase again so there is hope for bitcoin to score a new ATH this year.

The price gonna reach 45k$+ today itself. The market dumping happened after that
44.5k was the current trends.People was supportive towards the bitcoin was a positive one. The new investors to crypto was happening to the new one again and again.The classical one was, all the dump and pump brings the huge traders to the field. The pump and dump was very common to the market.Hence same new investors was a boost to the price variation.

We did in fact reached 45k and now we are having a very small correction to 43k, nothing major and this should not be a sign to worry, however at this point I do not think we can expect much from the price of bitcoin, it seems to me as if the majority of the market participants are bidding their time and are waiting for something to happen to give them a hint of where the price of bitcoin should go during the next months, and until hat happens I think we are going to see bitcoin going sideways for some time.

StreakW

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Quote from: rby on February 02, 2022, 03:09:12 PM

Quote from: StreakW on February 01, 2022, 03:29:42 AM

The price of bitcoin is still experiencing a decline in price, which makes the movement erratic. From the price drop, it can be concluded that Bitcoin still doesn't have full control over the bull rally. Therefore it is possible that the price of bitcoin has the potential to drop to the $30k level but not to the $25k level.

By this time people are supposed to know where bitcoin will form resistance but it is difficult this time to determine it. The market is unpredictable, I know $25k is still possible to attain. But this is time for buy, we cannot actually determine where it's going to no matter how careful we are.

It looks like the current bitcoin price is starting to slowly rebound. Where the last few days the price of bitcoin back up to the level of $ 43k. Therefore, I think that, at the moment, the crypto market is not in a prolonged bearish phase again so there is hope for bitcoin to score a new ATH this year.

TravelMug

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This year similar time same momentum happened, bitcoin price was under $25-$30k.This year January and February month bitcoin was dip and reached under $34kk.But bitcoin price is continue growing and touched $44k+ today.I think bitcoin price will be more increase in future and i hope bitcoin price will be reached $50k+ next few month.

Still a long way to go for $50k though, I have a feeling that it will be a big psychological barrier so it's hard to break that one. Unless we are really in a bullish phase, which I don't think we are not, we are just in the situation wherein the investors from WS are going to bitcoin market. For those who are not familiar FB (meta) stocks goes down hard and from the looks of it, those who made the sell-off shift to bitcoin. So unless there will be another round of investors $50k will be hard to break in my opinion.

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Quote from: Yaunfitda on February 04, 2022, 10:23:09 PM

Quote from: Silberman on February 04, 2022, 06:56:17 PM

Quote from: yhiaali3 on February 03, 2022, 12:29:31 AM

Your point is correct, so I think the bottom is 34K$. Indeed, we have seen a bounce from that point almost or a little less, but in any case, Bitcoin rose a little, but this is not necessarily an indication of an upward trend. We may see a drop again for Bitcoin and it may be bigger than the first time. I think that the first week of February is important for Bitcoin, if it manages to break the 40K threshold, we may see a rise again to the 50K area, and the opposite of that is the drop is expected.

Today we saw an important recovery in the market and at least for now it seems that 34k is going to be the bottom, however something to take notice is that the bottom was very close to the average price that some of the biggest institutional investors have paid for their coins, and I do not think this is something that happened by chance, 25k is a price too low to actually see as those institutional investors will begin to defend the price of bitcoin way before we actually get to see that price.

To be honest, I never looked at the price in the last 24 hours. But I do exchange some of bitcoin to fiat because I needed them, so I just go ahead and see that it's weird that the equivalent fiat is higher. But today, I checked the price and it's above $40k. So everything is good at this point, recovery is on the way. Although I'm bearish for this year, I would say this might change things around again.

It sucks to have to sell part of your holdings at the bottom but if you had to do it then there is no other choice but to accept it, right now the price is having a small setback but nothing too important, I think the next weeks are going to be critical to let us know which direction the market will most likely take during this year, unfortunately I think that right now the bearish tendencies are still stronger than the bullish ones so I hope this changes during the next weeks.

Yaunfitda

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Quote from: Baofeng on February 07, 2022, 06:50:41 PM

Quote from: Chato1977 on February 07, 2022, 06:55:54 AM

there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

This could be a dead cat bounce, because stocks investors are moving to bitcoin right now. And if any time they chooses to move back to stock market, then the price will go down again. But we just enjoy this increase in the last 4 days if I'm not mistaken, this is a great week for us and hopefully at least a $50k price is not that bad this month.

And it continues to go up to $45k today, although it went down, maybe because this is the next resistance level. I'm bearish, this year, but this is a good sign that we can still go $50k'ish for the time being and not go ~$25k. This is still February, a lot of leg room to work, if we go $50k again, I might have a change of heart and become bullish short term.

Baofeng

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Quote from: Chato1977 on February 07, 2022, 06:55:54 AM

there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

This could be a dead cat bounce, because stocks investors are moving to bitcoin right now. And if any time they chooses to move back to stock market, then the price will go down again. But we just enjoy this increase in the last 4 days if I'm not mistaken, this is a great week for us and hopefully at least a $50k price is not that bad this month.

sana54210

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Quote from: jostorres on February 07, 2022, 06:31:42 AM

Depends on the person if how much is his expectation with bitcoin. A person that is new here can only think bitcoin will reach realistic amount of value but for us that are not really new we can expect more than that and add in the current situation where btc adoption is slowly being recognized.

There is a push and then dump that happen yesterday? Did people feel itchy to sold upon seeing a small gain and then it causes the price to get dumped again but I do not think that can lead for the price to go below 30k level because some people will just bought it again after they see a little decline in the price. We can surely go back on 45k usd but I do not think that will happen easily. Maybe in the 3rd and 4th quarter of the year.

The "unlimited" mindset is the thing that brought us here, and people may think we are crazy when we say big numbers but that is what we did 5 years ago and look where we are right now. People saw the under 1 dollar price, bought pizza with bitcoin and assumed that it would not go up "too" much, and here we are, even one of may end up buying a whole pizza shop.

This is why I keep saying that 1+ million dollars, even 10+ million dollars may sound silly to some people today, because we are only at 40k levels, and yet we moved from a few dollars to hundreds of dollars to a few thousand to now over 40k, it may not be quick, it may take a decade but it may always happen. People who think that there is "no way" it could happen are people who do not know what they are talking about, they need to actually find a better understanding of it to get what bitcoin could do.

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Quote from: Chato1977 on February 07, 2022, 06:55:54 AM

there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

I believe this bitcoin price increase is much better now and we are indeed bullish again, why are we being fooled by the hype when this is not a shitcoin/meme we are talking about?
I'm not fooling myself but I'm optimistic the price of bitcoin will be better after yesterday's slump, so many of us believe bitcoin's rise will definitely happen again.

The nonsensical reasoning would be that bitcoin could be that basic which is obviously very different from my opinion, but for me the point of support is to be as low as the price since yesterday.

Chato1977

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there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

jostorres

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Quote from: ancafe on February 07, 2022, 02:32:02 AM

it seems, bitcoin is more powerful than we thought. I also think that yesterday's push dump could see bitcoin price below $30k. however, the price held up, and today it has recovered. in fact, I'm of the opinion that the bitcoin price will hit $45k in the near future. well, it could be at the end of this month, bitcoin's target is $50k, or it has reached that point. It's things like this that get a lot of people excited about holding bitcoins. however, this was an unexpected development.

Depends on the person if how much is his expectation with bitcoin. A person that is new here can only think bitcoin will reach realistic amount of value but for us that are not really new we can expect more than that and add in the current situation where btc adoption is slowly being recognized.

There is a push and then dump that happen yesterday? Did people feel itchy to sold upon seeing a small gain and then it causes the price to get dumped again but I do not think that can lead for the price to go below 30k level because some people will just bought it again after they see a little decline in the price. We can surely go back on 45k usd but I do not think that will happen easily. Maybe in the 3rd and 4th quarter of the year.

peter0425

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I believe it is 33k ? but never that 25k and that is something that i rejoice when we did not fall to 20k level.

And now we are lucky because we are climbing to 45k , actually it is 42,600$ but looking for this whole week to break 45k again and at least 50k back more.

Quote from: ancafe on February 07, 2022, 02:32:02 AM

it seems, bitcoin is more powerful than we thought. I also think that yesterday's push dump could see bitcoin price below $30k. however, the price held up, and today it has recovered. in fact, I'm of the opinion that the bitcoin price will hit $45k in the near future. well, it could be at the end of this month, bitcoin's target is $50k, or it has reached that point. It's things like this that get a lot of people excited about holding bitcoins. however, this was an unexpected development.

Never that we underestimate Bitcoin and instead we Knew how powerful this is ..

''DO YOU'' Huh

now that there are green line again so when this will come to 70 level finally?

Topic: Prediction: Low was $34K or will be ~$25K - page 2. (Read 728 times)