Topic: Prediction: Low was $34K or will be ~$25K - page 3. (Read 821 times)
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.
When $30K breaks… everyone will want to buy at $20K.
Some of the speculation is true there is also out of bounds, my speculation about Bitcoin price could hit $20k, but not this year, I believe it will be 2023.From experience with crypto, especially Bitcoin, the graph will shift after the Halve, I see and observe phenomena like that continue to occur throughout the history of Bitcoin.
The reason is simple.
Bitcoin price is in the $30-40k position, interest will decrease, investors are more interested in other types of crypto, that's where the problem is, change keeps happening where when people don't believe in Bitcoin anymore, the phenomenon happens again, basically: $15-20k can happen again, fact.
Price has beaten the downtrend after an extended period of following a regular pattern from the ATH. Its recovered back the 50 day moving average which was at one time the bullish measure underpinning the highest prices, we are presently slightly recovered but underneath the lowest prices of the Autumn bottom so it has something to prove here. It would appear for now the low is in, I think it could hold off selling any further this whole year so no prices into the 20's On a yearly view this could be considered bullish still
This is what the market is all about, majority of the people were speculating about the massive correction. Out of correction, it is predicted to reach the lowest bottom of $30k. What caused the market move forward isn't known, because there is no big news in terms of adoption. Now it has crossed $41k which is good and now people talk of missing the chance to buy. So, the market is completely unpredictable and surprise the users. One who take the risk profit out of it.
Predictions are not always correct nor are they always wrong. While the bitcoin price has seen an increase from $33K lows this week to $42K, I'm sure it's not moving too fast but it's been up nearly $10K in the past week.In the near future the price of bitcoin will no longer fall below $30K in my opinion, but it will also not rise above $50K. But things like this can change at any time especially when the demand for bitcoin increases or the supply becomes higher. However, no one really knows how the future of bitcoin will be in the next 2-5 years because there is still a possibility that the expected target will not be achieved. So there are always risks to consider.
This is what the market is all about, majority of the people were speculating about the massive correction. Out of correction, it is predicted to reach the lowest bottom of $30k. What caused the market move forward isn't known, because there is no big news in terms of adoption. Now it has crossed $41k which is good and now people talk of missing the chance to buy. So, the market is completely unpredictable and surprise the users. One who take the risk profit out of it.
Hoping that this is not a bull trap anymore, rising from below and reaching $40k price tells something else and for me, this is a good sign.
I just hope that bear market is finish already, and now we are going to recovery phase which normally the price will start to pump little by little. Let’s see if Bitcoin can break more resistance to confirm the trend reversal.
We can't tell if bearish market is over or not. Let us be grateful that we hit the 40k mark again. There are various factors that contribute to this rise and one good news that I've seen recently is the re-introduction of bill by US lawmakers about the tax relief for small crypto transactions (about $200). You can check this article . I think, it gives positive vibes to their crypto users especially those small timers.
Currently the price goes to $41k, so indeed we did hit the $40k and then some mark again.
But we will have to find out what causes this break point, I mean are there any good news that propel the market again?
I've heard that there are speculations that stock people are moving to bitcoin market right now and that is where all the money is coming from.
Your point is correct, so I think the bottom is 34K$. 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.
Remember… market does what the least amount participants expect.
Everyone didn’t buy at $34K because $30K was a better buy.
Everyone wants to buy at $30K instead of $34K
When $30K breaks… everyone will want to buy at $20K.
Since everyone wants to buy at $20K it’ll most likely never reach that area.
So bottom is $34K or $25K give or take a K or so.
Until such time they can't jump in when seeing the market at a bullish price of more than $35k because they are waiting lower than this. Everyone didn’t buy at $34K because $30K was a better buy.
Everyone wants to buy at $30K instead of $34K
When $30K breaks… everyone will want to buy at $20K.
Since everyone wants to buy at $20K it’ll most likely never reach that area.
So bottom is $34K or $25K give or take a K or so.
IMO, anytime is a perfect time to buy and invest for a long-term purpose and a short term only, weeks or months. This has been proven that after years passed Bitcoin price grow the price. So if you have been bought this recent dump and waited for how many years it could be there's your profit.
It's unpredictable and we don't know until when the button of the price. If you have spare money and buy when the price at $35k that's good and buy again when the price is below $30k that also seems good and holds for the long term.
Seeing the market price how it fluctuates I think it's a part of Bitcoin nature that is volatile.
Keep buying no matter in what price as things might cpuld went unexpected anytime and you missed it!
Hoping that this is not a bull trap anymore, rising from below and reaching $40k price tells something else and for me, this is a good sign.
I just hope that bear market is finish already, and now we are going to recovery phase which normally the price will start to pump little by little. Let’s see if Bitcoin can break more resistance to confirm the trend reversal.
We can't tell if bearish market is over or not. Let us be grateful that we hit the 40k mark again. There are various factors that contribute to this rise and one good news that I've seen recently is the re-introduction of bill by US lawmakers about the tax relief for small crypto transactions (about $200). You can check this article . I think, it gives positive vibes to their crypto users especially those small timers.
I do feel like it's going to drop instead of going uptrend next time though the intention is not to start the bear run but to create a panic then, make a profit from those who panicked. And eventually starts to slowly pump until reaching the ATH and break straight to the $100k or so. I hope that's what they would do though.
Your point is correct, so I think the bottom is 34K$. 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. Hoping that this is not a bull trap anymore, rising from below and reaching $40k price tells something else and for me, this is a good sign.
I just hope that bear market is finish already, and now we are going to recovery phase which normally the price will start to pump little by little. Let’s see if Bitcoin can break more resistance to confirm the trend reversal.
We can't tell if bearish market is over or not. Let us be grateful that we hit the 40k mark again. There are various factors that contribute to this rise and one good news that I've seen recently is the re-introduction of bill by US lawmakers about the tax relief for small crypto transactions (about $200). You can check this article . I think, it gives positive vibes to their crypto users especially those small timers.
If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
So what do you think is the reason about the pump of bitcoin to $40k today, is the pump correlated to the stocks movement, or it's just a simple manipulation done by the whales again?
https://www.binance.com/en/trade/BTC_USDT
I just hope that bear market is finish already, and now we are going to recovery phase which normally the price will start to pump little by little. Let’s see if Bitcoin can break more resistance to confirm the trend reversal.
If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
So what do you think is the reason about the pump of bitcoin to $40k today, is the pump correlated to the stocks movement, or it's just a simple manipulation done by the whales again?
https://www.binance.com/en/trade/BTC_USDT
That amount of movement for no major failure or news like corruption or accounting problems is slightly over normal volality I think. That could be part of the larger picture for all markets and asset type or just technology sector perhaps but I think it might also be that more news is oncoming for the Meta idea Facebook wants to invest with. Someone fairly large decided its not going to be profitable especially, at one point there was excessive worry about mobile adverts for example.
Anyway I dont think BTC follows just one stock, we'll have to see if tech pulling back in its gains since the surge of distancing highlighted them is really going to relate to BTC. My general take is some parts of tech are totally justified in their revenue. The best guide overall for sentiment is Dollar index which has topped out in its trend up I think, thats what I will watch more. Profit taking on inflated stock values is secondary.
Anyway I dont think BTC follows just one stock, we'll have to see if tech pulling back in its gains since the surge of distancing highlighted them is really going to relate to BTC. My general take is some parts of tech are totally justified in their revenue. The best guide overall for sentiment is Dollar index which has topped out in its trend up I think, thats what I will watch more. Profit taking on inflated stock values is secondary.
in effect, volatility in stonks markets may be now greater than in crypto markets.
https://twitter.com/gaborgurbacs/status/1489199612539936776?cxt=HHwWkIC9kYrK2aopAAAA
That amount of movement for no major failure or news like corruption or accounting problems is slightly over normal volality I think. That could be part of the larger picture for all markets and asset type or just technology sector perhaps but I think it might also be that more news is oncoming for the Meta idea Facebook wants to invest with. Someone fairly large decided its not going to be profitable especially, at one point there was excessive worry about mobile adverts for example.
Anyway I dont think BTC follows just one stock, we'll have to see if tech pulling back in its gains since the surge of distancing highlighted them is really going to relate to BTC. My general take is some parts of tech are totally justified in their revenue. The best guide overall for sentiment is Dollar index which has topped out in its trend up I think, thats what I will watch more. Profit taking on inflated stock values is secondary.
Anyway I dont think BTC follows just one stock, we'll have to see if tech pulling back in its gains since the surge of distancing highlighted them is really going to relate to BTC. My general take is some parts of tech are totally justified in their revenue. The best guide overall for sentiment is Dollar index which has topped out in its trend up I think, thats what I will watch more. Profit taking on inflated stock values is secondary.
If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.
Could we not even say your 25k figure was a bit low?
I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...
I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...
The support of 30K is very strong and it is very important to hold this support to save Bitcoin from a long-term bear market. I think the market can go in any direction but before that, the price of bitcoin should touch 28k once at least. Maybe it's a flash crash to liquidate futures traders. The month of February is going to be very important for Bitcoin.
This is my observation.
Support will always be there, and as long as it can defend that line, it will. But we should look at the current sentiments, fear are inside the market, volumes is very low. So maybe there is a chance that the support line could break apart if there is huge pressure coming to the market from the bears. So for me, we might see a bear price of below $30k. Maybe not this month, but in the coming month, and this could be the perfect time to buy.
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.
There is a huge difference between 34k and 25k as well, that is the confusing part about the question. I mean just because it stopped before 34k and did not go down, I can't say it won't go down further in the future but I could say that it wouldn't be 25k. Like, how the hell am I suppose to know where the price will be but even if I made a guess then I would say 30k, that would be both lower than 34k and still above 25k as you can see.This is why I believe that we should not be really focusing on anything else, this is as good as it gets and we should be just accepting the fact that bitcoin can't be predicted, even if you think you are awesome at it, sometimes we all fail.
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.
Could we not even say your 25k figure was a bit low?
I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...
I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...
The support of 30K is very strong and it is very important to hold this support to save Bitcoin from a long-term bear market. I think the market can go in any direction but before that, the price of bitcoin should touch 28k once at least. Maybe it's a flash crash to liquidate futures traders. The month of February is going to be very important for Bitcoin.
This is my observation.
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