Topic: Predictions, predictions, predictions... (Read 743 times)

While it has come to pass that the support that most think was $18k before, it has been broken and we're not at $16800. The chance that it may go lower is very much high.
And that's why all predictions of the possible lower support is very likely, we don't know how low it may get. But, if this current stability that we're seeing to bitcoin, it could lead to the chance of dropping as this has happened before. Like they say, this volatility might suffice the craving of those investors waiting for the lowest.

Isn't it ironic though, the same person that panics and then later down the road, they don't missed and FOMO, when they starts to see the price moving and making new all time high in 2024-2025.


Yeah, they really don't know what to do, or just heard bitcoin from someone bought at the top price. Going to be very expensive lessons for them. But hey, someone needs to start something and probably it's the best lesson they can learn here before making money in the next bull run.

Making a simple prediction...  I think that those selling now will be the ones buying our BTC back in 2025 well into the six figure exchange rate.  They'll complain about all the scams and how they were forced to sell, but the real reason is that most people in this space nowadays came for easy money, and there hasn't been any easy money here for the last year, so they're all gone.  Some holding their bags with hope and others dumping and cursing crypto.  Me, I like vocally doing the opposite of everyone else and then listening to the excuses later on.  Stack sats and you will be happy about it in the future, that's a good prediction.

The prediction is the part that is hardest and that is why everyone ends up with working towards making sure they are long term eventually. Even the traders that does intraday trading works towards having more and more bitcoins in the long term.

You think their only goal in life to have more fiat? They trade because they want fiat to survive, but most of them put the extra profits towards bitcoin for both bigger capital and a long term investment. That is why it's clear that long term investment but also a long term savings in bitcoin should be the main bread and butter for most people. I know it's not easy to get that much capital, but from anyone that has 20 dollars to 20 million dollars, that's the goal.

I think investors have smarter thinking and strategies and especially big investors and also longtime investors, and what you need to know is that bitcoin is not easy to predict and for the current price is it going to go down again or not. And what is certain is that the current price is more likely or remains at 16k.
it seems they are worried that the price will drop again which makes them doubt whether this is the right time to buy or wait. And it seems to me that now is the right time to buy them, and if there is any doubt, it is better not to buy everything at once. Because we can buy it back if the price drops again, and also buy it back when the price starts to go up as quickly as possible, I believe a lot of people do this and for the long term. And another reason for this decline is their opportunity to reap huge profits in the future, and they are not going to waste it, it's just that they are still hesitant and also definitely buy it to wait or gradually.

Of course we already know what whales can do. That is they can be able to manipulate the price of a certain coin but we don't know what is running on their minds right now. We are clueless about their upcoming plans. If ever they will pump BTC to $30k then great. Many of us are going to be thankful for them because finally we can sell some of our coins to reward ourselves from the long wait but the rest of our coins are going to be HODL in case there is more to come.

If the price only moves from $17k to $19k then I don't think that can create a hype because for me it was only a normal recovery just like we had last time. The price did even decline right away instead of going for more increases.

Yes, you're right, because that will get us into trouble when placing purchase orders. The price of bitcoin will always fluctuate and if we don't determine when and at what price we can buy it, we will always decide too late, resulting in losing the opportunity to get profits in the future. When the bitcoin price drops sharply, the trend continues to decline, and you see, I guess you can place a buy order below now so you're not too late to get those bitcoins. Speculation will surely be out there and each expert will put forward their prediction so that it will be difficult for people to select which prediction they can take. This is why we have to make our own analysis because that can help us know when to buy bitcoins.

But if investors still want to hold their bitcoins, they don't need to wait until the end of the year due to the uncertainty of where bitcoin prices will go. They will keep waiting and will not care about what will happen to the market unless the market really crashes deeply. Meanwhile, there will be investors who are hesitating in anticipation of what will come at the end of the year. When they see that the price is not rising, they will be confused about whether to continue holding their bitcoins or sell them piecemeal and eventually exit the market.

At some point investors need to take a decision, it is true the price could go down even further and we could get a better price to buy bitcoin, but at the same time we do not know when that could happen or if it could happen at all, so investors need to really sit down and think about the current price of bitcoin and evaluate if their goals can be reached if they buy now, and since the price is so close to the bottom to me this seems like a good opportunity to buy bitcoin even if a new bottom could be reached.

If you are that someone who do always mind off about on how or what would be the price of Bitcoin in the end of this current year then you would really be ending up on being that stressful.
So its better to take up for whatever price it would really be ending up for this year.For a speculative market then expect that it would be flooded out by lots of predictions and hunches and speculative approach
into those people who have been engaging through it.For now we cant tell if it would be touching up 20k before this year ends or would really be still remaining into those digits or
numbers that we are currently seeing now.We arent able to see some positive sentiments that would be pushing up the price high atm.

Do you know that nobody knows if the bearish market will continue in 2023, because it's possible for Bitcoin to continue have challenges of bearish season, so for some people who are predicting the time factor of Bitcoin increment and Bitcoin decrement, does not have proper analytical statistics of Bitcoin market cap next year, so therefore i want to tell you that have its regulations depending on the investors who involves into cryptocurrency.

We don't know yet whether the whales will increase or decrease the price of bitcoin at the end of this year. What we have to watch out for is that if the price is forced back down even further, it will make a lot of people panic even more. This week, the market is still red, so we must be on alert if the market will decline or stabilize at the current rate. Yes, we should be prepared to buy bitcoin again if the price goes down or at the very least, there might be a brief dump that forces the price down but then right back up to where it was. We'll see what happens to the market.

How many negative news continues to develop for bitcoin, but also does not stop its journey. Honestly, the news about FUD and the price drop that happened to bitcoin has an advantage for anyone, because it can enter the market within a certain period to buy bitcoin, any news that tries to be narrated for bitcoin will not affect its journey.
People have many perspectives to see the advantages of bitcoin today.

Bullish, Bearish and no idea!!!
the accumulation of predictions will only prevent us from entering the market, because no expert can accurately predict the price of bitcoin.

It's not going to be a fast move for the whales to control the pump by the end of the year I don't think prices will go over 20k towards the start of the year and still stay at current prices, we'll probably continue to see prices continue to $16k until there's actually a positive lead event but for now there is still too much FUD which can cause it to drop again.
Well in the next year we should be able to expect something even better for bitcoin.

Approaching the usual Halving this would be a better sign, we have to be a bit patient to wait for the bulls to wake up, I believe that the bears will be sleeping for a long time.

Anyone who understands market cycles would probably firmly believe that bitcoin is not dead and will not die simply because it lost a sizeable price during a bearish phase. I personally am not too worried about the price, in the sense that this volatility is normal even though currently bitcoin has lost 75% of its price since November 2021.

It's too early to judge whether bitcoin will die simply by losing its value, and certainly we are still above the 2017 ATH so the optimism remains. Anything can happen, but the possibility is that we can still go lower so you need to do DCA if you want to invest. 2023 is coming soon so I think the halving will also be getting closer.

Well they probably could, but I wouldn't expect too much manipulation. Prices should be able to rise because of increased demand, not just because of the big purchases made by whales. Traders and other investors should have a big hand in each cycle, so I hope the price moves normally.

First of all we do not know what whales could do. Maybe in the next 10 days they will pump it to 30k? Who knows what they want to do, sometimes they do it, and sometimes they do not do it and just let it be. I personally believe that it shouldn't be this hard to make it work and possibly there is a good chance that it may go up a bit, maybe like to 20k.

Whales have a lot of money to make it go up, but even if they do not do it all by themselves, if whales take it from near 17k levels to 19k levels then the hype it creates could make it go to 20k+ easily as well. Which is why I believe that we should be not so hopeless about how strong whales could help us and how powerful they are.

I don't think that the whales are going to pump bitcoin in the last 2 weeks. Accept it that the price is going to be just $16,xxx this 2022. There are a lot of events that really pull the price this year and we have to be prepared that next year could be worst for us, or at last this bear market is going to continue.

And we have like 15 more months to have patience in this bear market, because after that, the bull are going to run again. We have just to have till the next halving. On the contrary, keep on accumulating in 2023.

The end of the year has closed all financial accounting. Of course there are still two weeks left for this year. I think this is the most important part that the whales are going to do, they are going to pump up the price of Bitcoin. But we need to be careful, they will also dump the Bitcoin price. So that we do not lose the opportunity to buy at a lower price. It's possible that the Bitcoin price could reach $20k, but that's only temporary.

Word of the day /weekly or easily imo this month is range.   We're range bound very likely, how we bounce off the edges of this area is how we should define strength or weakness.   Sideways, this price action is serpentine surely.



I imagine the rough timing to estimate a break of this range, regardless of where the bottom price might be estimated would be when the blue line here or 50 day average is ascending.   Either we near that moving average and fail in some way, breaking downwards most likely or we find the change in momentum is enough to bring us upto this rough ceiling of 18k.   Once we have both momentum and have regained a 2nd rung on the ladder of support/resistance levels I think we can estimate a trend bringing us past 20k, etc.   

   I much prefer to guess on progressive change then absolute and sharp alterations to price.  We might have a V shape bottom price but I'd decline to guess where or what that price is, I only want to know when our inertia is once again positive and that should be profitable to pay attention to imo.

I think its very hard for us to find buy signals in current situation where we are experiencing crisis in crypto markets overall after ftx. Not like it won't ever recover but its bad days now. So I also think 10k dollars is a nice entry point but we cannot guarantee it won't go down further. I know people would think that Bitcoin tend to do quick returns at lowest points but I am not very sure if we are experiencing ordinary days now. I feel like its best to watch from outside for now.

Two hours ago I watched a local video, apparently there are still influencers or people who do FUD saying BITCOIN MATI and I think this thread is still correlated to this day,
In my opinion, this is still correlated with the threat of a global recession, the domino effect of bankrupt exchanges, inflation, and political tensions that are happening out there, I think that's what affects Bitcoin, it's still sideways until now, although it's slowly getting better and better.
I think Bitcoin will experience a sideway until it is confirmed that the global economy is starting to stabilize and be safe. I estimate that this Bitcoin sideway will occur until the end of the first quarter of 2023 to start its bull run.

That is if we can see it as a hope to get rich or profitable in the future but the problem is that not everyone can see it that way because they are still stuck with the situation in the market. They couldn't take the opportunity to buy when the price was dropping but sold it quickly because they didn't want to suffer any losses.

If only they could realize that if they could hold on to their bitcoins even if the price decreased, they would not lose money because the price could increase again at any time. We've been in this bear market many times and even then, the bull market hasn't come yet. Therefore, we should have been able to anticipate panic and use that moment to buy more.

Hard to predict but we have an idea what to do especially if you are trading some it on binance futures just what I currently do. Any movement will be profitable at your end especially when you get some good insights towards the current trend on the market so best to follow what social media or other more source announce since this could give us indicator what to do either we do trade short or long for meanwhile.

Not sure though if that is a good move, to follow social media influencers, because for me, there is no expert in this market, everyone can make his own wild and educated guess and stick to it and who knows, it might happen or not.

Good to look at how they see the market, but to totally believed them? Nah.

Remember S2F? the model predicting that the price will reach 6 digit, but it didn't happen last bull run, just saying.

We don't know how far the decline in bitcoin prices will continue. whether it will drop to the $10k area or not because it is very difficult to predict. But at least you can buy at the current price with half the money you have so you can anticipate if it doesn't go down to the $10k area but instead rebounds up at least you have bought at the lowest price. But it depends on the choice of strategy you use. I only suggest being wiser in determining when the right time to buy and sell.

All the predictions that are shared are not 100% correct everything will look far from what they say and if you are considering following the analysis from a twitter influencer then I recommend following several of them not just one person as you can compare the analysis from them with yours. so there will be a conclusion at which point for you to enter.

as mentioned by the OP where he will enter at $10k but in my opinion the chance is very small to come true because when the market crashes due to the FTX bankruptcy the price of btc at that time only touched $15400 and slowly rose again.

But in my opinion, predicting is necessary. It helps you decide if you will buy and hodl longer or not. If you already set a target price, I think it's better to just stick on it first before proceeding to another target or don't just set a target price at all if you know that you won't follow it as that can make more sense. Some scenarios that can help push the price up would be the btc halving, a positive news like end of economic crisis, and lastly added countries that will legalize the use of btc.

There is nothing wrong with the current market we have now. We already saw what are happening with the world lately (both crypto and in real life) but this soon shall pass so don't worry guys.

The presence of social media makes anyone easily make predictions of Bitcoin prices whether to rise or down, I have followed Twitter influencers and he said that the price of Bitcoin will skyrocket, then the next day he said the price will drop, after almost a month it turns out that the second prediction is true and He always quoted his prediction and deleted the wrong tweet.

A must or maybe we think of it as our only hope to be come rich or at least profit in the future. And with that in mind, we will take every opportunity that we can have, like when the price goes down, we should immediately buy because it is cheap.

Definitely, at this price, maybe in the next year or so it might be different as this kind of opportunity might not present itself.

And also, if we have been in this market, we know that in the first phase of a bear cycle, that is the best time to accumulate. Last bear market, I'm late though, it's like 2020 that I accumulate, if I can go back in time 2018 should be the start, just like where we are right now.

For sure there are assumptions as investors; the moment you bought or the point you are trying to invest. Assumption such as its price would be x% on a period. What's wrong is to depend solely with predictions or be eaten by certain measure in this industry 'coz no consistency with this industry especially in terms of market price behavior and patterns. But also another thing ; it is better to have assumptions than no plans at all. Atleast you will have something to anticipate for future market trends or direction of market prices. Just avoid FUDs and other things which could affect your measures of how will the market price move for a certain period of time.

Holding bitcoin for now is a must for me and maybe for many people who believe in bitcoin because we have seen how powerful bitcoin was before. And the dips and hikes that are happening right now are something that is still going to happen so if we can use that as an opportunity, it will give us an opportunity to buy more. This opportunity will definitely end and at that time, if we already have more bitcoins, we will definitely see an increase in the value of our assets that we can sell when the price reaches another high. That means the profit we get will be even greater. So by having predictions about the price of bitcoin later, we can keep holding bitcoin until the price can increase high.

In the long term I will not predict the price of bitcoin, but I will tend to wait for the price to be higher than the target I have set. For example in 2024 I expect bitcoin price to be above $100K, while in 2028 it is much higher than $150K. I don't know what scenario will make $100k - $150K, but when the demand for coins gets very high then the price will be higher.

That's because bitcoin has lost 75% of its value since last year's ATH, so I guess altcoin will follow suit as a result of the drop in price.

Indeed, since the halving occurred two years ago, the crypto market until now has seen no further decline against Bitcoin only a few percentages only 2%-3% and up again and down again, it is not very clear the current direction of development of the crypto market, but I'm pretty sure, according to my own speculation and predictions, the crypto market is currently at its lowest, even though there has been another decline in Bitcoin only at the $15k point which is the lowest.

But there is something strange about the current crypto market, many types of crypto are much cheaper than usual, maybe this could be a sign that the current crypto market is at its true point.

I think that your target of 10x the current price might be a bit low, since bitcoin still hasn't reached 200k, don't you think? if prediction for 2030, I would give target for bitcoin will be 400k or more.

Indeed, if it is a long-term investment, it is not difficult to predict the price of bitcoin, in the long run, bitcoin will only increase. Price prediction is for short and medium term investors only. Many people expect the market to recover quickly, but I want the bear market to continue because if the bulls come, I won't get a chance to buy cheap bitcoin.

I have done exactly the same thing, I have seen the price going down and I didn't consider the short term and I bought it, and I am happy with my decision even if its even lower than where I bought it, because I know that it will do a lot better in the long run.

So, it is easy to make predictions, because my prediction is about 2030 and afterwards, and saying that the price will be 10x more than what it is today by the time it hits 2030 is not that difficult, saying that for next year would be very hard, or even 2 years later, but saying that for 10 years later is easy. So, I am predicting the price is an easy job since I give myself a long period of time.

Actually I am not referring to single effect instead in general specially for a Holder like me (unless you know nothing about Holding mate) because the more the price lowering is the more chances we gain in the future as we will continue supporting that said coin.
though what you said is correct but if we really trust that coin and will remain holding then the chances of gaining bigger is there.

It's not fun, especially if we are wrong in analyzing because of the fluctuations that will occur in bitcoin. But the more often the price decreases, the more it will give us an advantage because we can buy it cheaply. And we will have the opportunity to benefit in the future.Hopefully, our hopes will come true but we can't refuse if the market goes down again as it is now. And now it's the weekend, we have to be ready because usually, there is another correction at the weekend. Get your money ready and if it is a correction, I hope you can buy bitcoins at low prices.

Agree, I'm sure the month of December is the beginning of the market that will improve, the Pope wants a year -end vacation so that it will continue to pump and sell above $ 25K, now focus on continuing to buy so that we do not regret if the price next week has reached $ 20K.

The more the FUN is the more we have chances to lowering prices and that means also a advantage for Long time holder like us.
buying at this stage(as it goes more lower i guess) will make us richer in the coming years.
maybe we cannot see that now but in the coming days? and the coming years? lol that is what i was looking for.

Right now, it's best to buy bitcoin and let people still say bitcoin is or will die. And soon enough, they'll be sorry they said that when bitcoin is on the rise again. We can still buy at the moment and while there may still be a dip later, that is another time to buy more.

I still predict a decline will occur but I don't know if it will happen or if it's time for a reversal. And if it does happen in a reversal, it could be a major reversal because bitcoin has already reached $69k. So get ready for that moment.

Now we have not thought that Bitcoin will die, but I'm sure someday Bitcoin will die because it is replaced by a better system, especially now that many programmers guess the private key, if the algorithm is found and will definitely be found then there is no security so that Bitcoin will die, but before death let us look for great benefits from Bitcoin.

Bitcoin will not die than to live to fulfill his purpose in the world. What traders are experiencing right now from the crypto market is a sign that bullish season will remain stable through out next year 2023 for people to believe that Bitcoin cannot die. This is not the first time people are experiencing low price in the market, which we all know that whenever the bearish market is on ground, show that bullish market is very close to take place, which is the season many long term traders and investors used to release their bitcoins to make a passive incomes from the market. I think, this is the lowest price we can experience from this year 2022 before the price will increase higher for both long and short term investors to feel the bullish.

To hell with people who say bitcoin is dead. The fact is that we have survived a long period of time and we have survived so far in the face of the negative narrative that is thrown at bitcoin. Indeed today shows a very deep drop from the ATH that we saw some time ago. But we don't just focus on the price but we also have to look at the movement of bitcoin from year to year. Have we forgotten what bitcoin looks like? Actually, I quite regret not knowing bitcoin when it was first introduced by Satoshi.
Do not hesitate about anything regarding bitcoin as an asset that gives us universal freedom.

As others have already mentioned, the "Bitcoin is dead" phenomenon is pretty repetitive every time we go through a bearish period. Ignore it for your own well-being. Anyway, I'm not interested in reading any kind of predictions anymore; I don't see the point; whatever is going to happen will happen. On top of that I'm generally not interested in Bitcoin's price movements. A few months ago, in a similar thread, I had mentioned that Bitcoin's lowest point would settle at approximately $14.500–15.000. So far, I haven't been proven wrong. Although, in my opinion, $10.000 sounds way too exaggerated and unlikely to happen.

For those who have seen the last bear market in 2018? yeah, we have seen enough and it seems just repeating itself for this bitcoin is dead narrative in 2022. And so with that, we will know that later we will have to see another bull run, we just need to be patience. As to how to reply or react to this negativity, just simply ignore them and for sure, you will be a battle tested and harden bitcoin holders through the years and you will simply get affected by this ranting from others, specially those perma bears here. And you will reach a point that you will simply rant at those individuals or even when you read it in social medias.

Aren't we have enough of this "Bitcoin is dead" thing?  It has been circulating since I first entered crypto in 2014, it's already 8 years passed and yet Bitcoin is alive and kicking some regulators' ass  .  I already turned off my radio and feeds on Bitcoin speculation because most of them are nonsense.  I believe, let's just buy and hodl and turn off news about Bitcoin until the halving.  It is less frustrating than hearing all these so-called experts ranting nonsense.  And I agree, every bottom is the best time to buy Bitcoin.

This is indeed the best time for us to buy cheap coins when everything is really on panic or extreme fear specially on the negative sentiments that we had currently on the market.
We cant be sure if this one would really be going low on 10k price range considering that we've been holding strong in 15-16k price point which we arent that blind on not to see
the situation.

Of course, we would really be ending up on lots of predictions that are making on this market.You cant really be able to avoid on what are the things which
could possibly happen.This is what do makes for us to hesitate on doing further actions which isnt something surprising.

I think we all have been reminded that we should take our crypto or bitcoin out of exchange, the whole landscape has been changing since the collapse of FTX.

And exchanges now are hard pressed to proved that they have the assets to cover, like what Binance and CZ did. But still not an assurance that everything is well. Meaning that we are still in a volatile position right now and the price will blew off again if there will be a big negative news coming in this bear market. So there is still a big possibility that $10k can be hit in my opinion.

In the last few weeks, the market has been in a state of chaos, so bitcoin and altcoins have experienced significant price drops. However, although the price of bitcoin continues to decline, the narrative about bitcoin will die I don't think it will happen. As we know that there has always been a narrative that bitcoin will die when the price declines, but in fact it is difficult to happen until now.

yes, I understand what you mean. I bought some bitcoins for 20k and I don't have enough money to buy 100 bitcoins as you mentioned so I DCA at 15k-17k won't make too much difference for me. And I am also confident with my analysis bitcoin will be able to go to my buy target. Anyway I got some bitcoins for 20k so I can take the risk this time.

The market is falling again and we are about to lose the $16k resistance again, I'm not too surprised because I believe the domino effect created by FTX is just the beginning, there will be more bloodbaths in the market until everyone is exhausted. As investors get smarter, the market gets grimmer, your initial prediction of $10k will most likely be the bottom of the market this year. We'll get there, hold on tight.

Bitcoin has had a hard year, but this is still a pretty big blow to the entire ecosystem, so if you're looking to get into crypto right now, you might want to wait a bit. Market cycles are just as much of an important part of the crypto game as the assets themselves, and things will likely rebound eventually. I know it's not easy to wait when all you want is that sweet sweet Bitcoin in your wallet – but patience, my friends. Patience.

They haven't been able to make a distinction between crypto and Bitcoin so the narrative is out of them. There is another possibility that they invest a lot in altcoins, so when the market chaos occurs like recently they consider the Bitcoin and crypto they invested equally.

Instead, we see that the current market chaos will have a positive impact on the sustainability of Bitcoin for the future. Another narrative that fits this chaos better is: "Bitcoin will live forever".

I predict that a lot of users who think they own Bitcoin on exchanges are going to be very unhappy to discover they don’t. Exchanges are playing hot potato with user funds trying to provide proof of reserves while in reality they’ve sold you Bitcoin IOUs and likely aren’t holding anywhere near the BTC they’ve sold you. If you haven’t taken your funds off an exchange yet and you’re reading this, mentally prepare yourself for a total loss, because it’s coming.

Yes, I predict that the bear market will close at $10k. If we compare it with the previous bullrun, each bullrun will increase 10 times. Automatically the Bitcoin price can reach $100k in the upcoming bullrun. In the 2021 bullrun Bitcoin price moved at $6k, and ATH broke at $68k. So this process will continue. So there is no dead word for Bitcoin. It's just a process of both increasing and decreasing prices.

It doesn't make much of a difference if you buy a small amount, but if you buy a large amount of Bitcoin, then the difference will definitely be very noticeable. Now you can do a little calculation between the price of $20K and the price of $15K, the difference is very clear which is $5K in one unit and if for example you buy 100 units of Bitcoin, will you also not be able to feel the difference If so, that's perfectly normal. But if not, I think it's less than normal.

I know DCA is a good way to go and I also bought some when bitcoin was at $20k but this time I want DCA lower. I did some analysis and maybe I'm right maybe I'm wrong but I won't regret making the decision. I bought for 20k$ so buying more for 15k didn't make much of a difference for me.

Who said no one knows? CZ knew this will come after his announcement of selling all there FTT tokens as part of there separation to FTX. Besides, you are claiming that market is already will overturned while there are huge funds trap on FTX exchange and many companies that exposed on SBF investment is still not reporting there damage report. Expect a chain of effect since all thise company involved is using share liquidity to fund there project. They will be start to crumble now that the source is already collapse.

Where will the new money to pump the market will come from? Retail?  

Why not under $10k or maybe closer to $1000? It seems that the pessimism and greed of bitcoiners themselves will do even more damage than various geniuses who played the role of great CEOs, and in the end turned out to be incompetent kids. Many people apparently forget that the low price is not only an encouragement to buy, but also a reason for pessimism and negativity that spreads like a virus in yet another story that Bitcoin is actually just another in a series of internet ponzi schemes.

Fair for those who are looking forward for more drops but not fair for those who are done buying and want's the price to move up. For them the waiting game for the next bull run is being extended again. There are two scenarios I can see that will happen once we get to $10k and that is btc will drop further because the panic will be more intense or the price will now recover because many people are going to buy it.

Current price is $16k and that is lower than last time. Don't be too perfectionist mate. We are still not sure if the price will drop more and what if $16k was the bottom already? You will be left behind or you will force to buy at higher price later on.

Yeah, no one knows what will be the direction it will take, but it is likely to have hit its bottom'est deep. There might be a chance of this being the end of the Bear.

It can maybe have a flash crash and hit the 10K mark, but given that volatility is decreasing, the chance for an overturn is bigger than the chance of having a new flash crash. Let's hope this is true and that we may see it going up from here on.

Look at the chart, we can see the decrease in each cycle is getting lower and lower than the previous one and from the chart, I think we are very close to the bottom in this bear season. But one more thing can be seen is that the market is getting bigger and the volatility is also decreasing, once bitcoin is bigger and more mature, there may not be so much volatility left for us to have a good chance of making a profit.

Maybe bitcoin will fall further as we are in a volatile economy unlike previous years but at this price, this is too cheap for us to buy. Take advantage instead of waiting for it to decrease further because no one knows if it will continue to decrease or will increase from here.

Yeah it's definitely a good time to buy more or even start trading now for new investors. But I don't see many people buying it now they prefer to wait till we get to the bull period and buy. Only real enthusiast will make use the opportunity.


For the bearish period I just think this is the support (15k) and It will be hard to go down again but we can't be sure the FTX saga is just having its toe on it and more stereotypes are continue to spread by the critics so I will say a longer bearish period but I don't see it getting down below 15k

Predictions are getting more exciting now, I see Bitcoin to hit $13k mark and that could be the worst one or maybe the start of the worst. There’s a lot of FUD and negative news all over the cryptomarket, that maybe one of the reason why the market is down today and it will continue to go down. While many are panicking, I suggest that you take advantage of this, accumulate more now while its cheap and gets more when it gets cheaper.

You could be right, but if so I think you’d probably have to wait until the mtgox coins and the us gov coins hit the market. That could be nearly a year. If you have the patience maybe you could get lucky. There’s also a chance we’re seeing the worst of it now and when the massive groups of coins hit the market they’re swept up by large investment companies. That’s why I think dollar cost averaging in throughout this entire bear market is the way to go.

This was almost exactly the discussion happening on Friday off with some of my online colleagues. The old narrative supposedly was "Bitcoin, not crypto", then around 2017 ATH with Ethereum's attempt at the flippening it was "blockchain, not bitcoin".

How things have swung around. The world's 3 richest tech billionaires in the same week showed why the crypto ideals they support and advocate have never been sound, while Bitcoin plods along, doing what it's supposed to do, overdelivering.

10k$ is a fair price for this year's bear season and I am waiting for that too, it will happen soon, there will be another more devastating story for the market to plummet again. Keep waiting, I still won't buy at current price, still too high for me.

I still don't even believe in the narrative that says "Bitcoin is dead" because for me Bitcoin is still alive and can still survive in the long term. Decline in price is not the end of Bitcoin because the potential for improvement is still there and on the other hand Bitcoin is also still being liked and traded by many people at this time.

You also said that a good point to enter would be at 10K and that implies that you yourself still really like Bitcoin and don't think it's going to die. Because if you believe in that narrative and believe that Bitcoin is dead, surely you will no longer want to be in the crypto space and also here and will not set an entry point to buy Bitcoin again.

Yep, I agree that the "Bitcoin is dead" narrative will always show up, not just in times like these but also in times of crisis and regulatory FUD. But take the narrative and pair it with the Bitcoin fear index on its low and you have the perfect buying signal. IMHO

Bitcoin could drop to around $10k if more negative news is spread by people who don't want to see bitcoin grow any better. And it looks like the FTX case managed to shake the crypto market and fall even deeper. But we can still hope that the price doesn't really go down to $10k but if it does, it means we get a big discount so we can buy bitcoins at that price. But I don't think many of them will buy bitcoin at $10k because the rest will think the price will go down again. And if they don't start buying it, they'll regret knowing that the price is starting to rise again.

People are not taking Bitcoins seriously and are underestimating it. I mean have they forgotten the marketcap of Bitcoins? They should really be happy seeing a 70k usd valued coin available to purchase at 16k usd. Instead of complaining, they should have bought as many coins as they can in this cheap, affordable price. Moreover if we greed for more and wait for more low price, then there is a chance that we might miss the best price which is right now. Consider yourself lucky, if you are able to buy Bitcoins below 20k usd.

What happens if Bitcoin will not drop to $10k? Make an entry at $20k? I used a part of my saving and I bought already. I will add again if it drops to $12k however I am afraid it won't reach this low. 

Why are we surprise to keep hearing Bitcoin is dead? Bitcoin is young, we are in an early stage and new investors are coming. Majority of the people do not have Bitcoin, they prolly do not even heard of it or they do not understand how it works. Many new investors didn't expect to lose 10 percent of the value of their investments in only a few days. 

Just seen this tweet from twitter today and it couldn't be more exciting to watch on how it will play. Will it mark to the -80%+ or -90%+ just like in the past or that -77% is enough to stack for the next bull run?

The "Bitcoin is dead" narrative will always show up at times like this and as always once most are fearful in the market, that's the time to buy.

I will wait to see how the market will react and if more companies will collapse or if an iceberg has emerged.
The bottom, if not achieved, will not be far, and from it, buying now is appropriate, and waiting is a foregone conclusion.

If you believe in bitcoin for the long term, if you want a decentralised means of payment and store of value, these are good prices to buy at, there is no need to guess at an exact figure.

I think this cycle is proving to be the worst ever in percentage terms. The peak of the cycle was disappointing in this sense and at the moment, what was said about bitcoin not having fallen below the peak of the previous cycle more than momentarily, as happened in March 2020, has also been broken.

This cycle was initially known as the institutional adoption cycle but I would call it the 'leverage disaster' cycle, both because of the cascading downward liquidations that have occurred and the bankruptcy of the exchanges for playing with leverage instead of being quietly guarding deposits and collecting commissions.

Surprisingly enough, I'm seeing a lot of "crypto is dead" but not necessarily "Bitcoin is dead"; quite a significant difference imo. People scoff at BTC because it's "boring", but sometimes simplicity is a great thing. Yes, all bitcoin can do is to move numbers around(overly simplified, obviously), but it does that one thing very well.

I don't think that bitcoin will go as low as $10k though, perhaps the bottom has been reach at $15k.

But yeah, in any case that it will go down to $10k then that is the biggest opportunity once again, probably we will be back 2019-2020 prices, right after the pandemic scare wherein the price goes down to $3k and then bounce back to $6k and then eventual bull run.

I'm not saying that we will be in a bull run right now, still very far, but the chance is here once again, even at the current price of $16,700, this is still a great entry point, in my opinion.

If you think 10k is a good point for entry then just wait but I hope don't regret if bitcoin doesn't reach that support it might go back to 20k of course we don't know.
Opportunity is a golden right that you have to take if you consider the current situation that is happening maybe it can be said as a conspiracy or exchange drama that becomes a polemic of problems until the market goes down then it must be reconsidered, if only to see this is an opportunity then it's a good point also but in reality you will invest for the long term too and it is impossible to sell when the price has reached $20k of course you want more than that.

The market seems to be in turmoil and the whole narrative of "Bitcoin is dead" thing is taking place. For me, this is probably one of the best signs to buy. The thing is, I do think that this support is most likely to not hold and we risk seeing a further drop to around 10K which is what I think is a great entry point.

What are your predictions for this Bear market bottom'st bottom for Bitcoin?