will bitcoin go back to 19000 - page 6.

letteredhub

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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's a volatile market we don't know what the next hour holds if it's more bear or a bull, as it's possible for the price of bitcoin to hit down below the 16k as we are still in the bear market despite these gradual rise we are experiencing, for when the bull run comes eventually it will be obvious to all, but when will it be is just the question nobody knows.

Baofeng

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Quote from: OgNasty on February 11, 2023, 02:03:07 AM

It’s definitely a possibility we go back to $19K. I think the market is at a bit of a fork in the road where it’s trying to decide if it’s going to retest the $16K lows or jump up to $30K. The participants are placing their bets and waiting to see which side has more influence. We do see to be leaning downward at the moment, but I think any dip from here is a buying opportunity.

Right now with all the corrections in the last several days, people might be thinking that the price is going back to $19k. I think it's a fair assessment for now, since the bull run has somewhat stop on its track. From $24k high to $21.7k and then just fluctuating around that price. We need to go back to at least $22k and maintain just like the last week of January and first week of this month.

So let's see who will be the winner, the bears and bulls have been pulling each other others and so we are in the middle trap and waiting to see which side it is going to be. Hopefully we can just maintain above $20k this month.

ivankoh

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Quote from: Falconer on February 11, 2023, 02:49:58 AM

Regarding the current situation, I don't think there's anything bad yet to influence the price to drop to the $19K level anytime soon. I'm tend to believe $21K is good support and will hold, but if FUD shakes that much then it's very likely that $20K will break.

Yes, i think Bitcoin could drop to 18-19k as reflected by FUD - SEC and will continue to correct for more impetus, I guess the market will either move sideways at 21k or correct at 19k before going up . We saw a strong bitcoin price rally in January, which is an important part of bitcoin's strength. I am optimistic that Q1 will be the time when bitcoin breaks $25k

dezoel

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Quote from: _act_ on February 10, 2023, 03:10:28 PM

Quote from: Ultegra134 on February 10, 2023, 02:40:20 PM

I'm not necessarily talking about the OP specifically, but just a few hours after Bitcoin started falling, we already have more than 5 threads about the end of this short bull-run and Bitcoin's possible crash again. I understand that we're talking about money, and everyone is a little worried when they can practically see their wallets draining in value, but why all this panic? It's completely unnecessary. Less than a month ago, Bitcoin was at $16,000, and it recently almost got up to $25,000; is it such a big deal if it falls to $20,000 or even as low as $18,000? Consider it an opportunity gap; personally, I'll receive more Bitcoin now that the price is lower, so that's a plus.

Like me, I wish bitcoin to fall so that I can invest more at $17000 which I believe is the resistant price for this bear and bull cycle. I also wish bitcoin can fall so that altcoins can fall more so that I can I best in altcoins too. I like to DCA but DCA above $20000 is not what I like, I like it below $20000. It is not about the price we invest on bitcoin that matters now, what matters is that we are invest at a low price, we are going to be happy later when bitcoin gets above $50000.

The thing is that not all people are the same but usually those who are worried are still not used to the drops. There are some who are not scared about it but just don't want to see the price dropping again because for them it's only a waste of time as they do not want to buy Bitcoins anymore. Their bags are already full and only wants to see the price sky rocketing badly. If the price isn't dumping won't you guys buy?

Dollar Cost Averaging strategy is popular nowadays so why don't you use it as well and regularly buy BTC without minding the price? For now, I can see that the price still drops a little so maybe $19k is possible these days.

maydna

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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?

We can only predict bitcoin returning to the $19k price without knowing if that will happen in the future or if the price will stay where it is now. But there seems to be support for keeping the price at its current price, but if negative news is released, it might influence the bitcoin price to decline again.

And every drop will bring bitcoin back up higher, and I consider the price drop this time a correction that is common in the crypto market. This actually gives us an advantage where we can buy more satoshis than before, and I think people have taken advantage of this situation for their benefit.

Falconer

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There is nothing unusual for the price to move in both directions where at one point it can go high and at another time it can go lower. This statement has been said thousands of times so it has become a general question for some speculators and predictors. Price could bounce as high as touching ATH, and could also drop lower and lose 60% to 70% of the price.

Regarding the current situation, I don't think there's anything bad yet to influence the price to drop to the $19K level anytime soon. I'm tend to believe $21K is good support and will hold, but if FUD shakes that much then it's very likely that $20K will break.

Wong Gendheng

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It did not expect if the price was corrected again and now around $ 21600, last week the price is almost $ 24k, and the toughest challenge is to pass $ 25k, if the price of $ 25k can be achieved then I'm sure the investor will panic to buy and make prices go up, even so we must be vigilant If the price falls again below $ 20K, but we use the moment to buy and do not sell when we lose.

OgNasty

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It’s definitely a possibility we go back to $19K. I think the market is at a bit of a fork in the road where it’s trying to decide if it’s going to retest the $16K lows or jump up to $30K. The participants are placing their bets and waiting to see which side has more influence. We do see to be leaning downward at the moment, but I think any dip from here is a buying opportunity.

stomachgrowls

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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?

Possible but wont be an assurance yet 19k isnt really just too far off for it to be touched down.-6 decline? If you've been here on this market for long years then you would be treating up this movement to be just an

ordinary day which is really definitely that true.Better make yourself get used to it and if you are waiting up for 19k price then hope that it would be going that low but we do know that these price pullbacks arent
really that much going deeper and no one really knows.

Speaking about cause or reason? As i said earlier that no one could ever be able to predict that.It is really that hard to assume on things which arent that predictable at all.
Good thing that we do have some tools which we could make use of on at least have the idea on w here it could potentially go.

TimeTeller

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Quote from: Merit.s on February 10, 2023, 04:41:22 PM

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?

19k price is unpredictable since nobody can say how low the price will dip to. 21k is a good resistance price but how strong can it resist this price, I guess from my own analysis it is possible bitcoin price will dip to 20k. Demand and supply place a vital role in bitcoin price, I see this new price as an opportunity for us to accumulate more btc for ourselves till the real bull run comes. The price shouldn't be the problem when you are in a long term investment.

The target of the OP is not too difficult as it is only few thousands dollars from the current price.
No one can give him a precise answer because no one can. We are all just waiting what will happen next.
Even finding the reasons why it is dropping, is because of various contributing factors.
We can't pinpoint it to only one source of news. Supply and demand is always in play.
But we can't specifically attribute to one event why the market is dropping or increasing.

Merit.s

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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?

19k price is unpredictable since nobody can say how low the price will dip to. 21k is a good resistance price but how strong can it resist this price, I guess from my own analysis it is possible bitcoin price will dip to 20k. Demand and supply place a vital role in bitcoin price, I see this new price as an opportunity for us to accumulate more btc for ourselves till the real bull run comes. The price shouldn't be the problem when you are in a long term investment.

goaldigger

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Quote from: Ultegra134 on February 10, 2023, 02:40:20 PM

I'm not necessarily talking about the OP specifically, but just a few hours after Bitcoin started falling, we already have more than 5 threads about the end of this short bull-run and Bitcoin's possible crash again. I understand that we're talking about money, and everyone is a little worried when they can practically see their wallets draining in value, but why all this panic? It's completely unnecessary. Less than a month ago, Bitcoin was at $16,000, and it recently almost got up to $25,000; is it such a big deal if it falls to $20,000 or even as low as $18,000? Consider it an opportunity gap; personally, I'll receive more Bitcoin now that the price is lower, so that's a plus.

This is a pretty normal trend where on every price change, people will react on this.
Having this thread speaks a lot about uncertainty and panicking, its pretty obvious that many are afraid to see Bitcoin at a cheaper price again while some are just cashing in and waiting for the price to corrects. What we are seeing now is the price correction, if Bitcoin fails to break the resistance then this is the next scenario so better to be ready.

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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 ,,,?

Any possibility is still very open for Bitcoin, because if from $ 23K Bitcoin can go down to $ 21K through a small correction that is not so drastic. Of course that's not out of the question for $19K either, but I don't think it will happen in the current price correction. Because a price bounce to the top is still very possible to happen to Bitcoin again this month.

Quote

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

The reason Bitcoin can drop drastically is that there is still panic from Bitcoin holders at certain times or when they gain influence through things they are reading now even though the truth is still very doubtful. But in general any price drop including the price of Bitcoin is due to a lot of sales from holders who used to hold large amounts of Bitcoin besides the influence of the news in the media.

kawetsriyanto

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Quote from: Hispo on February 09, 2023, 07:44:32 PM

It is possible for the price to go back to 19k or even 16k, but if you want to talk about speculation I would like to let you know there is a whole board dedicated to it, in the economy section of the forum.

Yep. It is very possible to drop again to $19k but I personally don't think it will happen. If there is no big FUD, I believe the price will stay above $20k. Bitcoin price already increased almost reaching $25k, so I assume it will try to pass $25k in the next pumps.

No reason that Bitcoin to drop to $16k, we shouldn't drop to a lower price than the lowest price in 2022. We actually have a better trend since early of 2023, I guess the possible lowest price of the current drop is around $20k-$21k. But surely no one knows it, it is just my speculation. IMO

Quote from: Hispo on February 09, 2023, 07:44:32 PM

I personally do not know why the price has gone down recently, I may have something to do with the closure of LocalBitcoins, but I am not sure.

Even with no FUDs, it is normal to have some dumps. There are several pumps since early of this year, we must have some dumps before the next pumps. It is something that we often saw in crypto market, so don't be so surprised about this.

_act_

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Quote from: Ultegra134 on February 10, 2023, 02:40:20 PM

I'm not necessarily talking about the OP specifically, but just a few hours after Bitcoin started falling, we already have more than 5 threads about the end of this short bull-run and Bitcoin's possible crash again. I understand that we're talking about money, and everyone is a little worried when they can practically see their wallets draining in value, but why all this panic? It's completely unnecessary. Less than a month ago, Bitcoin was at $16,000, and it recently almost got up to $25,000; is it such a big deal if it falls to $20,000 or even as low as $18,000? Consider it an opportunity gap; personally, I'll receive more Bitcoin now that the price is lower, so that's a plus.

Like me, I wish bitcoin to fall so that I can invest more at $17000 which I believe is the resistant price for this bear and bull cycle. I also wish bitcoin can fall so that altcoins can fall more so that I can I best in altcoins too. I like to DCA but DCA above $20000 is not what I like, I like it below $20000. It is not about the price we invest on bitcoin that matters now, what matters is that we are invest at a low price, we are going to be happy later when bitcoin gets above $50000.

Ultegra134

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I'm not necessarily talking about the OP specifically, but just a few hours after Bitcoin started falling, we already have more than 5 threads about the end of this short bull-run and Bitcoin's possible crash again. I understand that we're talking about money, and everyone is a little worried when they can practically see their wallets draining in value, but why all this panic? It's completely unnecessary. Less than a month ago, Bitcoin was at $16,000, and it recently almost got up to $25,000; is it such a big deal if it falls to $20,000 or even as low as $18,000? Consider it an opportunity gap; personally, I'll receive more Bitcoin now that the price is lower, so that's a plus.

passwordnow

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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?

Every time we see bitcoin's price drop by a certain percentage, people are too worried about it. Any price that's near to it can potentially come again and regardless of the market situation now, due to its volatility then it means that any price might be hit, high or low.
It will come to your experiences that with these price changes is just going to be temporary and will still end up soon, might be a year or two with another bull run.

BITCOIN4X

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Quote from: btc_angela on February 10, 2023, 01:34:55 PM

Yeah, probably we need some respite after all the 6 weeks that we are in a positive note, 40%+ increased.

Next pivot data from the FEDs are going to be interesting, at the start of this month, they said “has eased somewhat but remains elevated,” could be positive sign, but yet they said they need to gather more data to say that inflating is really going down. We are still about the biggest support of $20k so I think we will be good and not coming back to $19k yet.

If since November 2022 bitcoin can rise by more than $8K, then it is always possible to lose $2K from its current price towards $19K. But who really expected the price to drop lower, I don't really expect it anymore.

Meanwhile, there were several negative news which had quite an impact on the current market sentiment. The conflict between Kraken and the SEC is one of the causes, and because of that bitcoin has fallen quite a lot in the last 24 hours. Many investors are worried about this issue, and they also believe that the negative sentiment will have a heavy impact on the price.

btc_angela

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Quote from: buwaytress on February 10, 2023, 06:56:31 AM

Quote from: LittleBitFunny on February 09, 2023, 08:37:17 PM

Some of the bad news that I know of are Binance suspends USD trading, Kraken stops offering staking services to the US, Paxos (BUSD) is under investigation...I'm not sure if all of this has an impact on the market. But no wonder bitcoin is down at this point, I was expecting bitcoin to hit $25k and then correct because no market can go up forever, and we are still in bear season. As to how much bitcoin will decrease or increase, you should do your own research with your knowledge, no one can give you an exact answer.

Nah I don't think it is any of that. I would actually say, sentiment wise, even the closure of localbitcoins, announced yesterday, is more negative in the sense that yet another pioneer and former giant (very nostalgic and somewhat impactful for me anyway) has folded because of supposed market outlook.

I think it is just a normal retracement as traders sit back after a solid 6 weeks, waiting for more news on economic outlook from the US and others.

Yeah, probably we need some respite after all the 6 weeks that we are in a positive note, 40%+ increased.

Next pivot data from the FEDs are going to be interesting, at the start of this month, they said “has eased somewhat but remains elevated,” could be positive sign, but yet they said they need to gather more data to say that inflating is really going down. We are still about the biggest support of $20k so I think we will be good and not coming back to $19k yet.

Popkon6

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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?

It is normal for the Bitcoin market to fluctuate. In January 2023, the price of Bitcoin began to rise. Bitcoin market has remained above 20K all time. But come February the price of Bitcoin was between 22k to 25k for a long time which is now the market has gone down a bit. But the Bitcoin market will never go back to 19k. We haven't crossed the bear market yet due to which the market is still making lows and highs. Bitcoin market up and down is a strategy to gain profit from buying and selling.

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