will bitcoin go back to 19000 - page 2.

Woodie

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Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000?

We can not rule out this possibility out, and the fact that for bitcoin to gain momentum like any other asset...the mechanics require that it sells to buy to generate liquidity which will act as the fuel to help price break any barriers keeping it this low!

So this will happen in such a way that all sell stops or buy limits at 19k will be wiped clean leaving price with the momentum to go up, lets watch this space.

Quote from: landheer on February 09, 2023, 07:38:07 PM

or after this decline bitcoin will go back up higher ,,,?

like clockwork , same old tricks just a different day Cool

Quote from: landheer on February 09, 2023, 07:38:07 PM

and also I want to know what caused the bitcoin price to drop drastically?

For me I would say that price action went as expected and any trader will tell you the bearish move was foreseen, in some circles they clain NFP contributed to the current price we seeing.

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Quote from: huu78 on March 12, 2023, 11:01:20 AM

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

So far, bitcoin is bouncing back to almost 21k again. Hopefully the new week will start with a price increase and 19k will not happen again. News about further rate hikes are already known. Problems with the USDC have already happened as well. I don't know what else could be causing further price declines. Hopefully there won't be any new shocks for now.

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Bitcoin is currently experiencing a fast and unstable ups and downs phase. they are young to touch 19000 and easy to return to 21000. so far i see that bitcoin will experience a very rapid decline later in the day ahead of the bitcoin halving 2024. i see graphs of each past year.

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Quote from: huu78 on March 12, 2023, 11:01:20 AM

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

But at the same time, there is good news, usdc survived and did not fall below, which is very pleasing. I thought the consequences would be worse. so at the moment level 20k looks pretty good.

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it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

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Quote from: Abiky on March 12, 2023, 07:58:44 AM

Quote from: buwaytress on March 10, 2023, 06:53:36 AM

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts Grin

We don't think the Fed can, but the reality is they can do whatever they want to do. Obviously, it can't go too crazy but even 0.75 points hike each quarter is not unthinkable -- and the theory from even last year from some economists actually was that the Fed wanted to create a recession (despite saying that's not what they want, actions speak loud).

And yeah, 2024 had always been the earliest we'd recover properly in my mind. Not sure why many people thought it'd be this year when we've barely spent a year coming down from ATH.

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Quote from: buwaytress on March 10, 2023, 06:53:36 AM

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts Grin

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Quote from: btc78 on March 10, 2023, 07:24:26 AM

Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

it is now and staying this low , 19,000 is seems to be the price before the end of 1st quarter and looks staying this for another months .
as the Halving come to near at least 2 years , the movement of the market is constantly moving nowadays and I know that this will take another years before stabling once again .

I think the halving is just over a year away, we're pretty close to it, but since the economic situation is making things worse and more unpredictable. But that doesn't matter, I believe that even if history doesn't repeat itself, an increase in the price of bitcoin is almost inevitable because, with its increasing popularity, the demand for it will continue to grow, thus increasing the price.

STT

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Quote from: fzkto on March 10, 2023, 07:14:42 AM

In fact, historically, this is the first time bitcoin has traded below 200 MA for such a long time.

Certainly felt that way and I was thinking the same but I then I was remembering the nuclear winter dystopian post apocalyptic fallout that was the post 2013 peak era. It was a while ago now but yes this dragged on for years, so much as to submerge BTC price action below the 200 week MA for 14 months of dreary plodding.
I did sell some BTC in 2016, terrible timing as that was the time to buy be patient, notice small measures build and I should have read it better but people for sure got worn out and give up or forget. Anyway BTC this time is not even at 1 year in this negative way, it is quite a bad sell off but despite the set backs in this year we are quietly more positive, a slow runrise & I hope I can be patient and learn my past lessons not forget.

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Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

it is now and staying this low , 19,000 is seems to be the price before the end of 1st quarter and looks staying this for another months .
as the Halving come to near at least 2 years , the movement of the market is constantly moving nowadays and I know that this will take another years before stabling once again .

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Quote from: STT on March 10, 2023, 06:37:17 AM

Right now price is trading at the 200 day average which is not especially in its movements, this is some guide long term and its possible for price to turn around before it reaches 19k. The problem at present might be banks have sold off which puts more stress on finance then the rest of the market and I suppose that has to include crypto and BTC despite being especially distinct from FIAT operations.
Jan 12th area was most recently 19k and further back its reasonable a foot hold is found here but with weekend approaching this might not be clearly established until next week.

But it's still not clear why everyone said bitcoin had to reach 25k first and then 30k. And now that bitcoin is at 19k again, everyone is silent. We don't know the real reasons for the fall so far, so we don't know how much longer the fall will continue. In fact, historically, this is the first time bitcoin has traded below 200 MA for such a long time.

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Quote from: STT on March 10, 2023, 06:37:17 AM

Right now price is trading at the 200 day average which is not especially in its movements, this is some guide long term and its possible for price to turn around before it reaches 19k. The problem at present might be banks have sold off which puts more stress on finance then the rest of the market and I suppose that has to include crypto and BTC despite being especially distinct from FIAT operations.
Jan 12th area was most recently 19k and further back its reasonable a foot hold is found here but with weekend approaching this might not be clearly established until next week.

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

STT

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Right now price is trading at the 200 day average which is not especially positive or negative in its movements, this is some guide long term and its possible for price to turn around before it reaches 19k. The problem at present might be banks have sold off which puts more stress on finance then the rest of the market and I suppose that has to include crypto and BTC despite being especially distinct from FIAT operations.
Jan 12th area was most recently 19k and further back its reasonable a foot hold is found here but with weekend approaching this might not be clearly established until next week.

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Quote from: Tony116 on March 10, 2023, 05:40:24 AM

Did you miss the recent fuds? There are many fuds, such as the Silvergate case, and the US government's tax increase on cryptocurrencies... a lot of negative news came, so the sudden drop in bitcoin price is understandable.

But it is difficult to predict whether bitcoin will continue to fall more and break the old bottom in the coming days. But for long-term holders and DCAing from 2022 to the present, this is a golden opportunity to own bitcoin cheaply. Falling bitcoin prices are sometimes not so bad for many people.

These are not FUD because it’s true. There’s a real implication on the market with the Silvergate crash because it funds crypto project especially DeFi while there collapse will surely create a chain effect like FTX all over again.

You can assume that company can liquidate their crypto asset anytime that will affect the current market price. This is a regular bad news that needs to be absorbed. They are the one who contributed on the recent market pump so this is just a normal process of exchanging hands of crypto asset. I’m sure new player will buy this dip.

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Quote from: Tony116 on March 10, 2023, 05:40:24 AM

But it is difficult to predict whether bitcoin will continue to fall more and break the old bottom in the coming days. But for long-term holders and DCAing from 2022 to the present, this is a golden opportunity to own bitcoin cheaply. Falling bitcoin prices are sometimes not so bad for many people.

There are always people who wish the price of bitcoin to go lower throughout the year so they can buy more for their long term goals. Experienced investors know enough to take advantage of a down cycle as they are now, they don't panic and tend to collect bitcoins instead of the other way around. Bear markets are exploited by people who know how bitcoin cycles are made, while they will sell and get out because of their tendencies who don't understand how potential it is.

There are a few threads one can find on how to form a long term mindset on bitcoin. One of which is: Buy the DIP, and HODL

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Quote from: bettercrypto on March 10, 2023, 04:44:32 AM

Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

With the current value of bitcoin at 19890$, we are not sure if fud are going on about bitcoin or if there is something else related to cryptocurrency why the price of bitcoin has been dumped in the market.

We also don't know if, in the next few days, it will continue to fall until it reaches its bottom line price. That's why I think it's time to buy now and then hold, that's just the concept of buying here in the crypto world, right?

Did you miss the recent fuds? There are many fuds, such as the Silvergate case, and the US government's tax increase on cryptocurrencies... a lot of negative news came, so the sudden drop in bitcoin price is understandable.

But it is difficult to predict whether bitcoin will continue to fall more and break the old bottom in the coming days. But for long-term holders and DCAing from 2022 to the present, this is a golden opportunity to own bitcoin cheaply. Falling bitcoin prices are sometimes not so bad for many people.

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Quote from: KingsDen on March 10, 2023, 05:17:23 AM

Quote from: bettercrypto on March 10, 2023, 04:44:32 AM

Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

With the current value of bitcoin at 19890$, we are not sure if fud are going on about bitcoin or if there is something else related to cryptocurrency why the price of bitcoin has been dumped in the market.

We also don't know if, in the next few days, it will continue to fall until it reaches its bottom line price. That's why I think it's time to buy now and then hold, that's just the concept of buying here in the crypto world, right?

If you study the movement of Bitcoin very, well, you will understand one thing about bitcoin and that has been my bold statement about Bitcoin.
The statement is that within a permissible range or duration, anything is possible in the Bitcoin price going bullish or bearish.
When this topic was created asking if bitcoin can go as low as 19,000 dollars, some people didn't believe it will happen. But today bitcoin is within the range of 19,000 dollars.
What this means according to my above statement. At 19k, 15 low and 25k higher is permissible and bitcoin can move in any of these directions.

It was always like this ever since the beginning of bitcoin. While some are already anticipating that bitcoin will go down the drain, after a few years it went up like crazy, so it's safe to assume that bitcoin will rise, not now but maybe in the near future.

Those who keep blabbing about how long will it take for bitcoin to rise are the people who have less patience and want it to rise as soon as possible. Keep in mind that you're not the only one in the market trading and dictating the price, if you are disappointed then better leave and do something. Again and again "the people are the market".

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Quote from: bettercrypto on March 10, 2023, 04:44:32 AM

Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

With the current value of bitcoin at 19890$, we are not sure if fud are going on about bitcoin or if there is something else related to cryptocurrency why the price of bitcoin has been dumped in the market.

We also don't know if, in the next few days, it will continue to fall until it reaches its bottom line price. That's why I think it's time to buy now and then hold, that's just the concept of buying here in the crypto world, right?

If you study the movement of Bitcoin very, well, you will understand one thing about bitcoin and that has been my bold statement about Bitcoin.
The statement is that within a permissible range or duration, anything is possible in the Bitcoin price going bullish or bearish.
When this topic was created asking if bitcoin can go as low as 19,000 dollars, some people didn't believe it will happen. But today bitcoin is within the range of 19,000 dollars.
What this means according to my above statement. At 19k, 15 low and 25k higher is permissible and bitcoin can move in any of these directions.

bettercrypto

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Quote from: landheer on February 09, 2023, 07:38:07 PM

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

With the current value of bitcoin at 19890$, we are not sure if fud are going on about bitcoin or if there is something else related to cryptocurrency why the price of bitcoin has been dumped in the market.

We also don't know if, in the next few days, it will continue to fall until it reaches its bottom line price. That's why I think it's time to buy now and then hold, that's just the concept of buying here in the crypto world, right?

bestcoins1

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Quote from: Pejoh Asu on March 06, 2023, 01:57:06 AM

This week the price has fallen more than 5% and last week it also fell more than 3%, of course we are worried that if bitcoin returns to the $19k level, many analysts believe that if the price drops below $20k again it will take longer to recovering, at the beginning of last year, of course, many were optimistic that the price would go towards recovery because it had risen by more than 40%.

If you say early last year, it means the beginning of 2022 not the beginning of 2023. And as everyone has seen that at the beginning of last year i.e. 2022, Bitcoin was also on the decline at that time. But if you mean earlier this year, then it's just a modest price recovery that's not that much compared to the price drops that have occurred in 2022. So what you're saying is that it's not a great recovery in Bitcoin because Bitcoin price corrections are still frequent happened earlier this year.

Quote from: Fakhrulenclix on March 08, 2023, 03:49:23 AM

since the beginning of 2023, only in the last 2 weeks the price of Bitcoi has continued to decline and that is all outside of the predictions of many people who expect the price of Bitcoin to stabilize and grow slowly.
however after having had these 2 bad weeks I have so much fear that I think Bitcoin will be difficult to recover and the possibility of bitcoin returning to the price of $ 19k is quite possible.

Indeed, it is still very possible to happen to Bitcoin. But if you look at how Bitcoin's price has stayed at around $22K or less than $22K as it is now, it looks like a better price increase than earlier this year is also very likely. So you don't need to be afraid of the conditions experienced by Bitcoin as it is now because price improvements will always come again to Bitcoin this year.

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