Topic: Was $17.5K the low? - page 4. (Read 979 times)
I hope so, if the price drops again below $ 17k then the opportunity to fall more deeply, maybe it will drop below $ 10K and so on, today the market drop is more than 3% and I hope that it will not be below $ 20k, this is which sometimes makes investors impatient and choose cut loss.
4/22 of the people participating in the poll still seem pretty sure that $17.7K is a low point. While the other 15 are still thinking about other lows (myself included). Although since hitting $17.7K we've seen a bit of a price recovery, it's still pretty convincing that another low will be hit so I think the current poll results are pretty reasonable. While the poll won't be of much help, it's just an idea of what traders believe in these volatile market conditions.
When bitcoin hit 17.5$, it cannot go further straight down and there was always a chance of pullback. In event of a market dump, there is always a relief rally. We are seeing the price is hovering between 20-21K for last few days but unable to stay above 22-23K. This means that people are still not confident to buy bitcoin now and perhaps we may see bitcoin dumping again. If this happens, it won't be good for bitcoin and we may see more blood in the market.
It's not that we have seen blood in the market for a long time and for those who are mentally strong to see the price drop to $17, maybe they are used to it since that day bitcoin fell to $17 thousand and they saw the price of bitcoin go up to $20 thousand and I think for now this and the next few months bitcoin will continue to play at the bottom price, which is still around $20 thousand or $21 thousand.
4/22 of the people participating in the poll still seem pretty sure that $17.7K is a low point. While the other 15 are still thinking about other lows (myself included). Although since hitting $17.7K we've seen a bit of a price recovery, it's still pretty convincing that another low will be hit so I think the current poll results are pretty reasonable. While the poll won't be of much help, it's just an idea of what traders believe in these volatile market conditions.
When bitcoin hit 17.5$, it cannot go further straight down and there was always a chance of pullback. In event of a market dump, there is always a relief rally. We are seeing the price is hovering between 20-21K for last few days but unable to stay above 22-23K. This means that people are still not confident to buy bitcoin now and perhaps we may see bitcoin dumping again. If this happens, it won't be good for bitcoin and we may see more blood in the market.
It's not that we have seen blood in the market for a long time and for those who are mentally strong to see the price drop to $17, maybe they are used to it since that day bitcoin fell to $17 thousand and they saw the price of bitcoin go up to $20 thousand and I think for now this and the next few months bitcoin will continue to play at the bottom price, which is still around $20 thousand or $21 thousand.
4/22 of the people participating in the poll still seem pretty sure that $17.7K is a low point. While the other 15 are still thinking about other lows (myself included). Although since hitting $17.7K we've seen a bit of a price recovery, it's still pretty convincing that another low will be hit so I think the current poll results are pretty reasonable. While the poll won't be of much help, it's just an idea of what traders believe in these volatile market conditions.
When bitcoin hit 17.5$, it cannot go further straight down and there was always a chance of pullback. In event of a market dump, there is always a relief rally. We are seeing the price is hovering between 20-21K for last few days but unable to stay above 22-23K. This means that people are still not confident to buy bitcoin now and perhaps we may see bitcoin dumping again. If this happens, it won't be good for bitcoin and we may see more blood in the market.
4/22 of the people participating in the poll still seem pretty sure that $17.7K is a low point. While the other 15 are still thinking about other lows (myself included). Although since hitting $17.7K we've seen a bit of a price recovery, it's still pretty convincing that another low will be hit so I think the current poll results are pretty reasonable. While the poll won't be of much help, it's just an idea of what traders believe in these volatile market conditions.
So far, traders' reactions to FUD have been swift. The market is on fire for a moment as panicked traders will surely try to secure their capital in fiat or stablecoins. But I still strongly believe in the potential that bitcoin has in the long term, so even if the bottom is hit, the price will rebound. Hope ATH can still happen in 2024 or 2025. I have some doubts about the rest of the year and 2023 about ATH, so 2025 is a good choice for me.
So far, traders' reactions to FUD have been swift. The market is on fire for a moment as panicked traders will surely try to secure their capital in fiat or stablecoins. But I still strongly believe in the potential that bitcoin has in the long term, so even if the bottom is hit, the price will rebound. Hope ATH can still happen in 2024 or 2025. I have some doubts about the rest of the year and 2023 about ATH, so 2025 is a good choice for me.
there are still many who speculate and choose Bitcoin down to $14k?, I don't think it's possible,
because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
actually it is not 17,500$ in which the strong support but it is 17,805 mate to be specific and yes this is the lowest we've got this month of June in which the last month of 2nd quarter and if this ends will start the next chapter of the year as we will enter the 3rd quarter.because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
so lets assume that this is the lowest and there will never be more lowest from this.
So even if the 17k level was the lowest we will ever see I think it is possible we will touch it several times, as I doubt the bears will let the price of bitcoin grow that much without offering some fierce resistance against it.
according to some news i know if bitcoin price can't move above 20k and back below 20k there is a possibility to go back to 17k or lower, this is an unpredictable bear market where investors are hesitant to return.
there are still many who speculate and choose Bitcoin down to $14k?, I don't think it's possible,
because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
actually it is not 17,500$ in which the strong support but it is 17,805 mate to be specific and yes this is the lowest we've got this month of June in which the last month of 2nd quarter and if this ends will start the next chapter of the year as we will enter the 3rd quarter.because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
so lets assume that this is the lowest and there will never be more lowest from this.
So even if the 17k level was the lowest we will ever see I think it is possible we will touch it several times, as I doubt the bears will let the price of bitcoin grow that much without offering some fierce resistance against it.
I've seen about the speculation game against Bitcoin's current decline, from what I've read, market speculators and crypto skeptics, it's starting to get difficult and it's a little complicated to say Bitcoin this year has decreased to $10k, $14k and so on.
To overcome the confusion in the current Bitcoin prediction game, many crypto experts are taking the middle ground for now, they are tired of guessing, the bottom line: the middle ground they take is 'experience' that has happened several years after the occurrence of ATH and before the occurrence of ATH especially Bitcoin.
Today Bitcoin dropped to the level of $ 20k, in a matter of 24 hours past $ 21k, which means that here the value of the speculation timeline is relatively slow to determine whether Bitcoin will rise again or fall again, For Bitcoin, this time I have to follow in the footsteps of Bitcoin experts in speculation and prediction based on experience and understanding that has happened.
To overcome the confusion in the current Bitcoin prediction game, many crypto experts are taking the middle ground for now, they are tired of guessing, the bottom line: the middle ground they take is 'experience' that has happened several years after the occurrence of ATH and before the occurrence of ATH especially Bitcoin.
Today Bitcoin dropped to the level of $ 20k, in a matter of 24 hours past $ 21k, which means that here the value of the speculation timeline is relatively slow to determine whether Bitcoin will rise again or fall again, For Bitcoin, this time I have to follow in the footsteps of Bitcoin experts in speculation and prediction based on experience and understanding that has happened.
there are still many who speculate and choose Bitcoin down to $14k?, I don't think it's possible,
because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
actually it is not 17,500$ in which the strong support but it is 17,805 mate to be specific and yes this is the lowest we've got this month of June in which the last month of 2nd quarter and if this ends will start the next chapter of the year as we will enter the 3rd quarter.because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
so lets assume that this is the lowest and there will never be more lowest from this.
there are still many who speculate and choose Bitcoin down to $14k?, I don't think it's possible,
because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
actually it is not 17,500$ in which the strong support but it is 17,805 mate to be specific and yes this is the lowest we've got this month of June in which the last month of 2nd quarter and if this ends will start the next chapter of the year as we will enter the 3rd quarter.because $17.5k is a strong support for Bitcoin, so why think about $14k? I myself still hold,
and I'm sure many traders also hold bitcoin for the long term
so lets assume that this is the lowest and there will never be more lowest from this.
In my opinion , the end of the summer should decide the next cycle of Bitcoin price as usually it was like this on the previous bear periods so in this case 2 scenarios can happen :
1. Bitcoin will drop at the end of the summer under 15k and most likely keep dropping for the rest of the year.
2. Bitcoin will maintain the current price of 20k$ at the end of the summer and most likely will drop during the winter and beginning of the new year.
Now , you might ask yourselves, why 2 dump scenarios ? I really cannot see Bitcoin moving up in price this year and even more , I do see Bitcoin going down even in 2023. Will it recover ? I have no doubts that bitcoin will surpass at some point the new ATH that we have right now but.
I also share a similar view with you. I find it hard to believe that $17.500 was actually the bottom, and expect Bitcoin to crash even further in the near future. Likewise, I can't predict nor say when that'll happen, but I'm pretty positive that it will. Secondly, it's highly doubtful that we'll see any positive change within the next few months or even a couple of years, things aren't going to change for the better if the situation doesn't improve (high inflation, continuous war etc.). 1. Bitcoin will drop at the end of the summer under 15k and most likely keep dropping for the rest of the year.
2. Bitcoin will maintain the current price of 20k$ at the end of the summer and most likely will drop during the winter and beginning of the new year.
Now , you might ask yourselves, why 2 dump scenarios ? I really cannot see Bitcoin moving up in price this year and even more , I do see Bitcoin going down even in 2023. Will it recover ? I have no doubts that bitcoin will surpass at some point the new ATH that we have right now but.
Talking about this year? then maybe it is but if continuously looking for the lowest price ? so it maybe at least 10k will be on the road , as there are so many expectation either positive or negative ? yet there are bad things to come in our humble market.
so if you all are not ready to face that low? then best to deal with it now and take out your funds before you doubt all your decisions .
At this point it is impossible to know where will be the true bottom of this bear market, many people including myself thought that it would be impossible for the price to go below the previous all time high and yet it did happen, so this opens the door for the price to reach even lower levels, now the price did not remained long below that level, but it happened which is something that should tell us that further drops are without a doubt a possibility we may be unable to escape. so if you all are not ready to face that low? then best to deal with it now and take out your funds before you doubt all your decisions .
In my opinion , the end of the summer should decide the next cycle of Bitcoin price as usually it was like this on the previous bear periods so in this case 2 scenarios can happen :
1. Bitcoin will drop at the end of the summer under 15k and most likely keep dropping for the rest of the year.
2. Bitcoin will maintain the current price of 20k$ at the end of the summer and most likely will drop during the winter and beginning of the new year.
Now , you might ask yourselves, why 2 dump scenarios ? I really cannot see Bitcoin moving up in price this year and even more , I do see Bitcoin going down even in 2023. Will it recover ? I have no doubts that bitcoin will surpass at some point the new ATH that we have right now but.
1. Bitcoin will drop at the end of the summer under 15k and most likely keep dropping for the rest of the year.
2. Bitcoin will maintain the current price of 20k$ at the end of the summer and most likely will drop during the winter and beginning of the new year.
Now , you might ask yourselves, why 2 dump scenarios ? I really cannot see Bitcoin moving up in price this year and even more , I do see Bitcoin going down even in 2023. Will it recover ? I have no doubts that bitcoin will surpass at some point the new ATH that we have right now but.
Many predictions that Bitcoin has the opportunity to drop again, I keep watching the price trend, the first thing I do when the price drops below $ 17k is selling a little balance, if the price continues to fall below $ 15k then I will buy more, anything can happen And this is what makes us have to have a strategy when investing bitcoin.
Why you will sell little when price drop @17K and buy back at 15K while you can sell above 20K and buy at your target price. There is no need to get FOMO if there is a clear trend of bear market since you can always buy even @25K and sell above 30k in case the market is already reverse upside. Most of the traders commit same same mistake like you which always doing cut loss on support while you can play safe and tp even a little above support and wait patiently for price movement downward.
Talking about this year? then maybe it is but if continuously looking for the lowest price ? so it maybe at least 10k will be on the road , as there are so many expectation either positive or negative ? yet there are bad things to come in our humble market.
so if you all are not ready to face that low? then best to deal with it now and take out your funds before you doubt all your decisions .
so if you all are not ready to face that low? then best to deal with it now and take out your funds before you doubt all your decisions .
In my opinion, Bitcoin’s arrival at 17,500$ may be the bottom at 80%, and 20% remains uncertain due to the presence of other influencing factors. In the coming period we may witness a price fluctuation between 20,000$ and 25,000$ for a period of time to establish a bullish bottom as I hope, of course we cannot confirm this Expectations are 100% because the market is currently very volatile due to the unstable economic and geopolitical conditions, so sudden events may occur that change all expectations. But according to my expectation, if Bitcoin manages to hold above $21,000 at the monthly close, this will have a huge positive impact and we will witness a strong rally in the market.
Many predictions that Bitcoin has the opportunity to drop again, I keep watching the price trend, the first thing I do when the price drops below $ 17k is selling a little balance, if the price continues to fall below $ 15k then I will buy more, anything can happen And this is what makes us have to have a strategy when investing bitcoin.
The current price of bitcoin has the opportunity to drop again below $ 20k, but I hope the price will not drop below the lowest level ever before, for those who see big profits in the future then this is a good opportunity to buy more because Moments like now not necessarily happen again, so we are waiting for the price will drop, if it happens then I suggest to buy more.
I also seem to predict that a decline of more than $20K will be possible, if the current analysis is that this year is expected to be the same as what happened in 2018. So at this time the decline is still not as high as 2018 and will probably continue to fall and I I think it could be under $10K.but actually this is a momentum to continue buying and investing, but it's better not to go for the lowest altcoin even though the profit can be bigger but the risk of missing from the market is also big.
Bitcoin investment will obviously still be profitable but it will be a fairly long investment and will have to wait until the next halving period is over in order to increase again.
The current price of bitcoin has the opportunity to drop again below $ 20k, but I hope the price will not drop below the lowest level ever before, for those who see big profits in the future then this is a good opportunity to buy more because Moments like now not necessarily happen again, so we are waiting for the price will drop, if it happens then I suggest to buy more.
I hope there will be no more decline after $ 17K, if prices continue to fall will make FUDS from haters more massive, even many continue to campaign to kill cryptocurrencies, and the main target is to make bitcoin continue to dump so investors lose trust in the future cryptocurrencies.
I do not know if the price will not go even lower than 17k but what I am sure about is that those which oppose bitcoin will use every single trick they have to try to push the narrative that bitcoin is done for and that it is better to sell it now, obviously against people like us this tactic is not very effective, but against those which are desperate and they are facing huge losses such tactics have a very high chance to succeed. Jump to: