Topic: Was $25K the bottom? - page 3. (Read 968 times)

Mate Asu, I think it is not FUDs, BTC price is very possible to drop below $25k. The lowest price of BTC this year was around $26,9k (May 12), it is not really far from $25k. If the scheme is the same as the previous bearish, this bearish will lasts until 2024. With 2 years of bearish, the price of BTC is likely to drop more. I even think the price of BTC may drop below $20k. But yes, it must rise again in the next bullrun season.

I think as long as we always see the market stay in bearish, then there's always high chances for more dumps along the way. It has happened already before, and that history plays a big role because sometimes history repeats itself. Well, it would be another buying opportunity once it happens. For now, let's always think for more possibilities that this is not yet the lowest price, we should at least prepare more funds so we can maximize our purchase when bitcoin is already very cheap and affordable.

Discussions on group telegrams such as Top Exchanges are sure that the price of Bitcoin can drop below $ 25k, maybe this is FUDS to make us panic and sell Bitcoin, but if that happens then the best thing is to buy because I'm sure Bitcoin has power to rise Again and be a good opportunity to get big profits.

for how many times nowadays that price of bitcoin drops down to 29k? actually even lower couple of times now and yet returning to 30k and above but that is the highest price we reached .
Hate to hear this but that is the sad reality and what we need to be taken now.
since the 2nd quarter is mostly the lowest prices we ever experience , hoping to see the 3rd quarter will be our bread and butter.

Today, Bitcoin's price fell below $29000 once again. The price might not rise very much in the foreseeable future. Cryptocurrencies follow the stock market at the moment. Short-term, this could be bullish. The DCA method has worked well for some, but many more have probably performed worse than simply waiting to see what happens. Nobody can guarantee that we will win in the short term, so no one can guarantee that we will win!

It’s really sad that you are worried about the altcoin market.
I am worrying about the traders who are panicking and selling the Bitcoins.
As they are selling the Bitcoins so this is the main reason for such a downfall and bullish trend of Bitcoins.
Bitcoins won’t fall below 28k$, so how far OP has seen 25k$ as the lowest?
This trend has been following from the last one week, and it will take another one week to do the same.
Once all the buyers starts buying the coin, soon the price will rise and again many will show back interest in the coin.

Yet not falling to that level till now, the lowest is below 26k but automatically recovered and now kicking at 29-30 with strong support .

I may not expect too much increase but I am confident that 25k wont be the lowest this year , instead we already reached the lowest and now waiting for the start of increasing.

Definitely possible but depends on the macro environment. Unlike in past bear markets, in which Bitcoin/crypto had a huge blow-off top that led to a big bear market, it is mostly the external factors driving Bitcoin down now. Granted there was the China selling at the end of the year and a little bit of a self-fulfilling prophecy where people thought a bear market would ensue after 2021 so short termers sold which led to the price going down. But for the most part, and certainly the past few months (other than the LUNA/UST destruction), it is just the global macro environment dragging Bitcoin down.

The only reason Bitcoin got dragged from mid-$30ks to $25k was the LUNA/UST crash. Since then Bitcoin is consolidating at $28k-$30k. It could certainly go down more, but only if the global investment/economic environment continues to look bad.

The LUNA/UST crash took a lot of people out of the bitcoin market, making it more heavily hodlers. And as we know (if you've been paying any attention to this sort of thing) holders have been accumlating almost nonstop since July. A supply shock is constantly building, so there is definitely strength in the Bitcoin market, which is very different than past bear markets, but for speculators/short-termers/traders/Tradefi investors they are still going to buy or sell based on wider economic conditions which means right now they are not buying and those that are left are selling.

Overall Bitcoin looks very strong compared to past bear markets because this market is currently driven by external economic factors instead of Bitcoin-market factors. This and Bitcoin's low price makes Bitcoin a lot stronger than say stocks, which are still very high despite having dropped some. Bitcoin likely won't go down a terrible lot more outside of some huge global economic crisis which I think is very unlikely. But stocks could certainly continue to drop for some months which would mean Tradfi investors/speculators are staying out of Bitcoin or shorting or selling which will likely keep Bitcoin in the $25k-$30k range or so until the macro environment improves.

So I'd say $25k was very possible the bottom, we might see a little bit lower if negative global investment environment persists for another quarter or two, but the trend is that Bitcoin is strengthening as holders continue to accumulate, building a bottom for Bitcoin and allowing Bitcoin to be very prepared for strong surges once the macro environment improves. I wouldn't be surprised if it does drop to like $22k or so if stocks start majorly crashing, but otherwise if stocks just sort of grind down a bit $25k could certainly hold, and if things actually kinda level out then we should see Bitcoin rise back up in the $30k's. Really just depends on the larger non-crypto economic and investment picture in the coming months. Outside of that Bitcoin is looking very strong compared to past bear markets which is a great sign. Gone are the days when people forget about Bitcoin for 2+ years after a bull run, now Bitcoin just continues to get stronger and keeps growing even a bear market even as they are so many more things than normal trying to drag it down.

As said there is nothing big in the price movement. The fluctuation is happening within specific limits. From different views it is true that the price will fall low to $25k, and we the users need to be prepared to face it. What's the need for hype, everything is happening on its own in a way better than predicted. However the $25k will be touched prior to the bounce back to the price from which it started to fall.

No , for me we are not doing fine yet.

At least not until the bullish formed above 32k range , we are struggling now to get through 30k and many attempt has been approached , yet we get back to below 30k now for multiple attempts.
We could still go down as low as 20k or worse , brace yourself.

Just realize that we already dropped as much as we could, and it is recovering and not like we didn't try to go down more, we tried it but it didn't work out at all. So, we should be working towards learning what we could be doing for the upwards movement and how we could get there.

I know that it is not something that would be easy, but the 26k bottom was seen and we are doing fine, there is nothing we need to worry about anymore. I believe that we should be focusing on getting better and just focusing on making a lot more money by going up which needs a new hype and we need to find reasons to get hyped about and share that everywhere.

To difficult to think on how we will end up the same as year 2018 since if we try to look at the history it show that the price reached at the dump is so deep as well we are in pure bubble at that year, But this year is truly different since we see already to much adoption happened and many Big whales are now into crypto so I guess we cannot see the same deep again. Although there's fear occurring but still this is normal because not everyone can take hard when the market is falling badly.

When eth goes pos in August 2022? maybe the shit shall hit the fan.

Bitcoin's current decline is painful for investors, as the decline in Bitcoin's price has had a major impact on altcoins as well. So quite a lot of investors
have suffered losses in situations like this, but as long as we can be patient in dealing with the current situation. I don't think we need to worry
too much, because market crashes like this have happened several times before. And every time the Bitcoin price falls, it will always recover and
the next one will rise to a higher price.

Therefore, for the decline that is happening now, what we need to do can be patient holding Bitcoin until the price recovers, or we can use it to
accumulate Bitcoins that we have. So when the price is pumped, we can generate much bigger profits. Even though it's been a few weeks now Bitcoin
still hasn't shown any signs of recovering, I believe Bitcoin will not drop below $25k. It's even possible that Bitcoin will remain sideaway for the time being,
and hopefully after that Bitcoin can surprise us by pumping up the price of $ 30k. So my advice is that we must continue to believe in the future of Bitcoin,
because only people who are patient and believe in the future of Bitcoin can profit from Bitcoin.

No would be my answer for now on two points, we havent put in enough volume and also the whole price action is quiet reluctant in both directions.   25k was a proper level to hit on the downside but we didnt do so with excessive fear, news event or large volume.   The 2020 march was for example in the middle of big news, not expected and unparalleled.
   Right now is a slow grind downwards, its too stable in that respect.  BTC can grind upwards slowly also but I would expect multiple tests of the low not just one.  Its unconvincing basically, still on the positive side I would say buying at half the price it was December is positively smart as its not changed since then besides price really however I think buying more then once is best when we dont know future prices.

actually many say the market fall was as deep as the market in 2018 and what might be difficult is to look for opportunities from this decline, a few months ago, many on forums and media groups said bitcoin down go  to 28k-30k but we hesitate to believe it and now maybe will fall more than that given the current market fears, as lucky holders will hold on until the bounce comes

I am not sure, I mean it looks like there is a good case to be made about the current situation not be that great and we have been in red candle for a long time but doesn't that mean that we could get a lot better in the long run as well? I do not know of course, I am just making an assumption.

I do believe that we should be being happy about the current situation and be happy about the current recovery so it could actually go up a lot more. I get that it is not going to be recovering right away, but it would actually end up recovering a good level soon enough I believe that. So, it will take a while before it recovers but not too long and even though it doesn't look like recovering, it doesn't look like going down neither.

You have to understand that there is no drop without a bounce. So there may well be a point where bitcoin will bounce back from the bottom as the price has been falling for a long time. But that does not mean that there will not be a new bottom in the future. I think this bearish phase has just begun, as it did in 2018, when bitcoin traded at 6k for a long time and then fell to 3k. Perhaps this scenario will happen again soon, only in a different price range.

I don't expect bitcoin to go down to $20k even though now the market price keeps dropping. The decline from $40k to $28k was a very painful price for investors and made new investors panic and fear of losing assets later. but I'd rather see bitcoin get high support than many people hope bitcoin can go down again, because it makes other altcoins will be destroyed too.

Strange phenomenon happened lately, with supply xxx could turn into yyyy it's a fact, is it possible, has happened.

Confusion continues to haunt Bitcoin users to this day, thinking 1000x, the Luna case is the worst trough effect ever felt by crypto users, some users realized that once in 4 years a halving occurs, the total supply of 21 million can become 18 million, is that something impossible, it has happened.

I have a hunch that Bitcoin is currently dropping to the level of $29,300, from $60k a few months ago, it has happened, believe it or not Bitcoin will have a further decline going forward, consider for yourself, no $20k, $15k par for me, for sure something can happen.