Will Bitcoin do $19k again before a bull market? - page 5.

pieppiep

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

I think it's okay because it means that we have more opportunities to buy bitcoin at a lower price than now and we also have a chance to see the price of bitcoin increase in the future. We don't need to be afraid if bitcoin prices drop any deeper because it's only temporary and things will change for the better from now on or later. Meanwhile, you can see the market situation while preparing everything, including buying bitcoins.

Lucius

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Will Bitcoin do $19k again before a bull market?

I think that all of you who are impatiently waiting for a bull market should take a look at history and then maybe understand that we are in a bear market that will very likely last not only until the end of this year, but maybe throughout the next year as well. It's not a rule, but it's a repeating pattern that's proven to be true - so it's logical not to expect a bull market before the next halving in 2024.

As for how low the price will fall, everything depends on how well the world economy will manage to cope with all the challenges and how successfully various FUD theories will be spread, like this one that has been going on for months and every week we discuss when the BTC from Mt.Gox will be returned to its owners and then they will all dump 140 000 Bitcoins at once and the price will crash so low that Bitcoin will never recover from that.

You don't need to be an expert to understand what's happening on the market, but some people obviously think that someone can tell them what will happen in the future - for those who don't know, there are hundreds or maybe even thousands of such experts who sell their expertise on social networks.

newdevices

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before a bull market comes of course there will be a DUMP, this also happened in 2019-2020,
Bitcoin DUMP up to -90% of its new ath in 2018,
of course this will also happen maybe in 2023 is a bottom for bitcoin, but now the price bitcoin has touched $20k,
even in june the price of bitcoin is at $17k, if $17k is broken then we will see such a deep dump, maybe $10k?

Nrcewker

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Seeing the current trend, Bitcoins gonna surely struggle in this price range for more weeks.
Bitcoins are being falling continuously for more than 5 days, and I guess it will fall more.
This is all due to the big whales interrupting the market. But guess what it’s the best time to buy the coins.
I have seen in this time phase many people panic and sell their coins. But this is no doubt to buy the coins at the best.
Trust me whoever reading this post of mine now, buy as many coins as you can and wait for 1 month, definitely you will see a great profit by holding the Bitcoins.

Yamifoud

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

We don't know. In fact, we are thinking in the past few days that it no longer drops below $20k after getting stabilized at $22k-$23k. However, the situation is somewhat changing and it is now uncertain if it goes down to the bottom or rises again. Actually, we have no idea what really happen next, we can do some speculation but guess what, we just fail - most of us.

Currently at $19,134 in the CMC - just hopes it recovers these weekdays.
Anyways, I still have money left ready to buy if it drops more.

Ultegra134

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Quote from: peter0425 on August 28, 2022, 03:16:42 AM

Quote from: Detritus on August 27, 2022, 10:35:42 AM

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

if you really are not bothering about bitcoin price then you may have not created this thread so i'm sure you are checking how the people sentiment about bitcoins movement in the coming days.
Mate either 19k or 15k? what is the difference if we are truly for long term holding ? or at least you are looking for a chance to buy more?

I'm not too bothered about Bitcoin's price either, it is what it is. I currently don't need that money, and I'm willing to wait, OP might be trying to find an opportunity to obtain more, something which I'm also trying to do, but for BNB.

Quote from: OgNasty on August 27, 2022, 07:11:05 PM

I think $19,000 is a bit high for a low end target considering we're dangling right above it and mtgox customers are expecting to unload a ton of BTC onto the market. I think a bottom in the $13K to $17K is much more realistic. I've been urging friends to start dollar cost averaging in for the next cycle run now. I am under the belief that if you buy $100 worth of BTC per week, you're possibly able to amass $100,000 in 2 years.

Yesterday's low was at $19.890, not that far from $19.000, with the current devastating recession, I wouldn't be surprised if we crashed even further. About a month or so ago, other users were speculating that Bitcoin could even crash below $15.000, and reach as low as $10.000. Some stated that such prediction is out of the ordinary (the $10.000 sounds doubtful for me too), but with everything going from bad to worse, I wouldn't be surprised.

Wexnident

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I wouldn't put it as being an impossibility, we might even see it go below $18k or so but it would probably take a few more months before it happens since the price resists every time there's a bit of dump that happens. Nevertheless, I don't think there's much of an issue here unless Bitcoin breaks down the past lowest price that we've had which was around $17k or so. We'd probably stay at the $20 - $30k levels for a long bit though, maybe till the end of the year till we see it going back up imo.

peter0425

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

if you really are not bothering about bitcoin price then you may have not created this thread so i'm sure you are checking how the people sentiment about bitcoins movement in the coming days.
Mate either 19k or 15k? what is the difference if we are truly for long term holding ? or at least you are looking for a chance to buy more?

GreatArkansas

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The cryptocurrency market right now seems the most devastating market compared to others.
A few months ago when we dumped below $20,000, that was fast, multiple dumps and a huge percentage of dumps happened.

Yesterday, we fell below $20,000. So I am positive that $19,000 is very possible before we visit again the above $25,000.

Iranus

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Quote from: Oshosondy on August 27, 2022, 10:46:41 AM

The last dip was $17400, I do not think bitcoin can fall further below that price, this is not about sentiment or just a prediction or guess but based on what has happened in the past when bitcoin increased to $20000 in 2017 and later dropped back to $3100 in 2018. After the massive drop, bitcoin did not drop back to that price up till date.

Bitcoin dropped all the way from $69000 to $17500 and this would likey be the lowest price during this bear time, there would be volatile but in a lesser way that would be followed price increase. I am still thinking if bitcoin can even go further, dipping down below $20000 which I believe would be a very strong support, although bitcoin is presently at $19900, but probably won't fall much further.

It is possible for anything to happen, including breaking historical milestones. For instance, bitcoin has never dropped below all-time highs, but we saw it happen this year.
We are having a lot of bad news surrounding Mt.Gox issuing 140000BTC this year and the world economic situation has not shown any signs of improvement, the Fed rate hike will have a very strong impact on the market. I think bitcoin will drop to $17k or under $17k is possible.

Quote from: Oshosondy on August 27, 2022, 10:46:41 AM

If people start to DCA now, it would be very productive by 2024.

Since everything is guesswork so DCA is the best solution we can use at the moment.

Silberman

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

I think it may happen, the price is barely holding itself above 20k and for what I can see the bears and the bulls are struggling very fiercely at that level and there have been some instances in the one hour chart in which we closed below that level but the bulls responded immediately, but how long can the bulls maintain that buying pressure? And I suppose this cannot last for long and we could see the price touching the low 19k or even 18k.

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I think $19,000 is a bit high for a low end target considering we're dangling right above it and mtgox customers are expecting to unload a ton of BTC onto the market. I think a bottom in the $13K to $17K is much more realistic. I've been urging friends to start dollar cost averaging in for the next cycle run now. I am under the belief that if you buy $100 worth of BTC per week, you're possibly able to amass $100,000 in 2 years.

Oceat

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It's amazing how people wish the x price like this and that but when I look back in the past this price is where the ATH they wished but now it's the lowest price they wished. Bitcoin market keep getting unexpected and interesting at the same time, we just have to do what we gotta do since no one knows what the future holds in this market. Previous price tells us that they won't be coming anymore unless if there's a major events happening.

So, will there be a $19k again? The answer will depend on the market and people can't tell it when exactly.

Ziskinberg

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Well, I haven't wished for that but can't also say NO because the market is way down again and if this will continue until next week, something we reach back for another bottom price. Let us see how it behaves during weekdays as possible there is a change of its direction based on weekly performance and most of the there are what we called short ups.

But if the dump will ever continue, I guess people still happy with this for they could buy Bitcoin ready for the Bull season.

Duzter

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Recently we had a relief rally and many believed that the market have turned bullish. Maybe something same as that can happen in between. For now we can't expect the price to have a steady movement. As it have dropped below the $20k support level, once again it needs to gain resistance to move forward. It needs to cross price barriers for a stabilized move. Any form of move can take place and we need to prepare to face the worst to stay strong in the market.

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Quote from: lionheart78 on August 27, 2022, 11:32:16 AM

It looks like Bitcoin is going to break the $19k resistance in the next month.
~

You mean support? Resistance is mainly defined when the price of an asset is rising, and support is the price level where buyers enter the market, causing it to rise again.

Unless something dramatic changes, it seems like Bitcoin will be worth less than half of its value since the beginning of this year. And it's hard not to feel disappointed by that. But we can only hope that the cryptocurrency grabs a foothold again by the end of 2022 and starts climbing back up towards its former trading levels.

lionheart78

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It looks like Bitcoin is going to break the $19k ~~resistance~~ support in the next month. Remember we still have an event coming in after this August that can cause FUD to the Bitcoin market. The rumor and FUD about the liquidation of part of MT. Gox BTC can possibly push the price of BTC down.

While some analyst blame this current price dive of BTC on the reaction of traders to FED Powels Speech. Said that the bearish news about Powell's speech is the reason why the market is like this today.

Quote

With the world economy turning sour, especially in Europe, there was a decent probability that Powell would be hawkish during his speech, which was indeed the case.

At last, this bearish news was the tipping point for BTC to break out of the pattern after 2.5 months of being inside of it.

My expectation is that we're going to see more bearish price action, potentially even a capitulation event in the near future. First target at $19k.

Source

pawanjain

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

I really don't know why but I have ready quite a few times recently that experts are expecting bitcoin price to fall further.
So the current sentiments are pointing a downward trend which again means that yes bitcoin price will go below $19k again.
But I hope the downward trend ends soon and we see the above $50k range again.

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Quote from: Detritus on August 27, 2022, 10:35:42 AM

If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

Not sure anyone would be expert on bitcoin price here. Even the highest rank or the highest merit earner couldnt tell what would be the btc stance in the coming years. But if you are deeply worried then just exit your asset and turn off crypto notification. Its quite normal to see red days and thats due to a lot of news and some making it more exaggerated one that move others into selling due to fear and fud. But if you believe in btc is the future of money then just DCA no matter what the price, at some point it will go back or even surpass its ATH.

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First move the thread here: https://bitcointalk.org/index.php?board=57.0
And year bitcoin is nosediving in price and is approaching below the $20 benchmark which is supposed to be the strongest resistance level for over some weeks now, but then we may not witness the $19 or $18k price any time soon even though we are very close to that level right now, the Bitcoin bull may be far from home now but I believe 20k is the highest low we may witness in this bitcoin price Winter season. Btw am not an expert bitcoin price analysts but from my little experience of the Bitcoin market any time Bitcoin pulls back drastically without any bad news from sec it becomes easier for the bull to pick up but as we are all familiar with the volatility of Bitcoin price we can not accurately predict what the lowest level in price can be.

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