Topic: Prediction: Low was $34K or will be ~$25K - page 5. (Read 821 times)

I don't share this view. Bitcoin will probably not go down lower than $30,000 anymore. Even if what you're saying is true, Bitcoin's price will probably just maintain its flight $30,000 or above.

If everyone didn't buy at $34,000 because $30,000 was a better buy, then $30,000 will be a strong support. So if there is a strong demand in $30,000, why would this support be breaking and the price to fall down even more to $25,000? If there is indeed a certain level of greed in $30,000, it will become a platform for its bounce.

This looks fun to see as people lose and some in profit while hodling. The uncertainty in the market is what the circle is all about. It is all about prediction and looked through with the charts. Of course if any is certain about next price stop, that will make it boring . The trend is the majority sentiment, so determining that is the challenge. Bitcoin during the weekend was a little volatile trading down but pushing up gradually, I don't know if we have yet left the bear or if price will get back to $34k or $33k .

I understand that it is a typo. He has talked about $10K, not $1K. I believe that if we have a bearish scenario the most key point would be $20K. Never in the previous cycles did the price go below the ath of the previous cycle. Breaking that barrier downward seems to me could trigger a real panic. But I highly doubt we will get to those levels, the $25K that the OP mentions already seems very low to me.

I also can't believe that bitcoin drops to $1000 again because I think it's pretty much impossible.
And I also wouldn't believe that the price of bitcoin would fall to $20000
Because now bitcoin has strengthened 1.15% so that the bitcoin price is still at $38,143.24 and bitcoin tends to stay around the $37000 level.
And this may be a sign that bitcoin will rebound and encourage investors to buy crypto again.

I think we've already seen the bottom at $32.9k.
On-chain metrics say we're heading into a bull run. Only reason price has been going down since November is people freaking out about thinking there will be a bear market and China getting out of the market and people freaking out about external economic things.

The short termers are selling while the long termers have been massively accumulating. I think the longer prices stabilize in the mid-to-high $30k's the more the skittish panicky short termers are going to feel comfortable getting back into the market, and just a small shift in that sentiment creates a floor and an uptrend and it all just cascades from there. And then at some point there's a massive supply shock because the long term holders have been buying up a lot of what the short termers have been selling to them on the cheap. The short termers come back in and BOOM, there's no more supply and price starts flying. We might still have a few weeks or even a month or two of ranging if people keep freaking out about external economic conditions (everyone seems afraid of the Fed raising interest rates in March even though that has absolutely no effect on Bitcoin).

So yeah ~$33k was the bottom, either ranging in $30k's or back into the $40k's in Feb, maybe by March that incoming supply shock hits and we're back to new ATHs by May.

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.
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.

There’s a possibility buy I’m confident that it won’t happen since the market starts to recover the price of Bitcoin becomes more stable at the level of $36k-$37k, so most probably we are just waiting for more good news. Though if panic is really here in the market and they are unstoppable we might see the price of $30k but I can’t still believe for $25k because that is too much drop for me.

Aiming the best for bitcoin market but also prepare for worst, cryptocurrency especially bitcoin is so volatile and yeah any possibilities are possible. So far, we didn't hear any good news that will boost up the market price of bitcoin but I do hope that bitcoin price will not go deep in a $25k or lower. But if in any cases this is where the best time to accumulate bitcoin and yeah for sure whales will going to accumulate as much as they can, so better be preapre for the worst time.

this is precisely a good and strategic news.

https://bitcointalksearch.org/topic/m.59111929

Possibilities are their knowing that there's no good news popping up and the one we see right now are those negative news which can affect the peoples mindset towards the current happening on bitcoin so maybe we can see that price to be reached since as you said what happen from the past may also happen today so I guess from that we need to prepare to pick up some of it since for sure if that time came and bitcoin could ever reach to that $25k or worse to 4 digits number then for sure we can see a huge accumulation phase from the whales.

I would not be surprised if bitcoin will hit $25k, it happened in the past, so it's possible it will happen again. Compared the last bull run and then correction afterwards, I think the current price is still not too low, IMO, if there's more panic which could possibly happen due to whales manipulating the market, bitcoin could even hit below $20k IMO.

The current price is 38K USD.Is this a bull trap or price recovery?I don't know.Nobody knows.
You say that the traders will be waiting for the lowest possible Bitcoin price,before they start buying.
I think that 1 cent or 1 dollar is the lowest price of Bitcoin,but this price ain't gonna happen anymore.
I guess that some traders thought that 34K is the lowest price,so they have already started buying.


The crypto market and the stock market don't have a "close correlation".
They just reacted to the same bearish news coming from the Federal Reserve-upcoming interest rates increase,less quantitative easing,etc.Such news have an influence over all financial markets,but that doesn't mean that the different markets have some kind of correlation between each other.

https://bitcointalksearch.org/topic/m.59111929

BTC stored in exchange wallets is now frankly diminishing, so the low price is over...
you can buy.
in effect, this means that less people are going to sell, and that shorts will then reduce accordingly.

True. $30,000 is very strong psychological support here or other $10,000 levels like $40,000/ $20,000.
So for me, waiting for these kinds of price levels seems to have a low chance, that's why having a position near these psychological supports/resistance is the better entry for me.
When I say psychological supports/resistance, most people tend to think these levels are important is it is level by $10,000s.

I think $25k will be a good buy option, its just a question on when we are going to hit that price.

If people are going to wait, then probably this price will not be touch in the next couple of months. If people are buying even at the current price, then definitely we will not hit ~$30k. So hard to see what will be the floor prize at least for this year. So let's wait till April or at least the end of first quarter, lots of things could be in store for us, so better expect the unexpected.

I think that's too much for the next support which is 25k.. Because indeed the price still holding at the previous support wherein approximately 37k and seems stable in my views. And the market is gradually showing green at this point as well so perhaps its impossible to happen wherein unless if there's another negative news that can impact the market because surely there will be a new level on this situation in my personal opinion.

Agreed, $30k might break, however, no one can predict how low the market makers can manipulate this market. Market makers similar to Alameda Research have presently be in control of this market, if they will try to cause a liquidity cascade this will certainly happen. Similar to @adaseb’s speculation it might be during April when market makers begin to file for tax payments, also to possibly get cheaper cost basis.

I've not paid much attention to "analysts" there are far too many and a few just look like they could've had some lucky guesses that got them where they are at this point.

And yeah I could see us breaking $30k but I'm not sure how decisive any move will be. Investors seem to be expecting more drops in stocks (specifically tech stocks too) so we might see that hitting bitcoin again and causing an event similar to what we had at the start of the pandemic.

I do think if $30k is new $6k, $15k may as well be the new $3k too and a break that far wouldn't be unlikely.


There's probably a lot of people trying to time the market and wait for sub 29k though, we can break it and go down to 25k but I imagine it being a bit more of a flash crash than a sustained move (if it's sustained for a few hours, lower is probably possible then though as some people will get bored of holding if all they're doing is watching their funds diminish.

Let us remember that be it the bull or bear, 1 BTC remain 1 BTC. Although, it will be better to buy during onset of bull run after the market has significantly fallen.

You are the second person that have posted about $6000 price low recently, but is this possible? I do not think it will be possible. Bitcoin is never fallen below $10000 again. I had an analysis for my prediction.

With what you are implying, the price of bitcoin will significantly fall if the $30000 support is broken. I do not believe this, even if the $30000 support is broken, it will still be a long journey to fall below $20000. I mean it will be an event of buying and selling even if its price go below $30000.

What I can never believe is for bitcoin price to ever go below $10000 ever again.

Sorry for correcting mate but I think it is 33,000$ and not 34k$ that makes the lowest price recently .
If you are not greed enough then you know that that is only a 5k difference that if you made a wrong decision then you end up missing the chance of buying low.

And instead of waiting for the Bottom why not buy in the middle or at least before the bottom reached .