With every move in the Bitcoin price, the emotion begins to move in us, so the greedy instinct does not move, so we hear news such as that the price will return to the levels of 26K or 30k. Even in the previous days, we heard a topic talking about the price of 80k, and as soon as the price moves down a little, we notice the fear instinct began to gain control. Topics talk about $ 16,000 to $ 19,000, and if the price collapsed severely, you may hear analyzes talking about levels of $ 3,000 or less.
Can we experience $80k this year? Topic date February 08, 2023
Is Bitcoin Heading Back To $23,000? Topic date February 03, 2023
The best advice is to develop an investment plan in which you calculate the bottom as a starting point, and then you will not be indifferent to temporary fluctuations.
Topic: will bitcoin go back to 19000 - page 7. (Read 914 times)
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?
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?
Although it can still happen, I don't think it will. My prediction is bitcoin will trade around the $21.5k-22k area for a short, while altcoins will suffer serious bloodshed, and then there will be a stronger bull run before. I believe we will have 2, or 3 bullish waves before a strong correction. My target is 30k-35k for this next bull run.
The bitcoin price could go back to the $19k price, especially if there is more negative news out there and it will also panic people if the price does drop to that price. But once the dip in price occurs, there will be a price reversal that comes and despite the waiting time to find a stable position, the bitcoin price will start to increase, be it slowly or get a pump right away. With negative news, it can send the bitcoin price down and we've seen it happen time and time again. So we can only prepare ourselves by placing a buy order at the low price we want.
We will see. All forecasts and analyses aimed to predict the next bitcoin movements but the truth is they aren't perfect either. But it is actually common for a big movement to always have corrections just like what happened when bitcoin all of a sudden dropped from $20k to $15k. What I just see here is bitcoin might not touch that $15k level again. But $19k is still very possible, that's just near to the current price, and since we are still far from that halving date. I loosen myself from the stress of daily trading by just doing the DCA on bitcoin. So I am actually happy if bitcoin drops a little since my next buy is still on Feb 24. I might catch that $ 20k-something price.
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as soon bitcoins will touch 21k usd, people will buy more and more and hence the price will push up again.
Do you have any valid reasons to prove your point? Why is 21k a support according to you? Because on my chart, I dont see anything right there. Since it pumped from 17k to 24k in a straight line, it has the ability to dump back in a straight line as well, as we dont have much accumulated traded volume and haults in between (in the daily candles). Wouldnt be surprised to see 17k again. Although between 19.8k-20k will be a pyscological level to buy.as soon bitcoins will touch 21k usd, people will buy more and more and hence the price will push up again.
P.S.: Also, on Feb 14th is our next CPI data release, lets see the outcome!
and also I want to know what caused the bitcoin price to drop drastically?
Generally the price of the coin follows the policy of supply and demand. So we know that the Bitcoins are limited in number, hence when the demand of the coin increases, the supply comes shortage. And in order to satisfy the demand, the price automatically goes up. The reverse happens when the demand is less, and more people are selling their Bitcoins. Hence the price comes down. This is one of the major factor, how the price of the coins works. Regarding going back to the 19k price segment, then it’s really hard, as soon bitcoins will touch 21k usd, people will buy more and more and hence the price will push up again.
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?
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 looks like Bitcoin will rally to $23K, but there is something different going on. Be careful of bitcoin on an exchange, which is trading around 21750 dollars. Bitcoin is always a long-term bullish investment. In case we fail $21K on the drop, we could go further down.
The global economic situation is quite unstoppable at the moment. The market is also negatively skewed right now, so it will most likely pull down before reversing.
With how things are looking, I wouldn't be too shocked to see that happening sometime soon. But that is alright, sometimes the market is like a bow, if you want to throw it further, you need to draw it back as much as you can. We need to get rid of the people who sold their coins in order to keep on moving higher with people who hold and buy coins.
It would definitely be something that is a bit of time taking and not something quick but I believe that is a very important part of investment world, waiting. If you can wait out all these sellers, then what's left will be buyers, so we just need some time and patience to keep going upwards again after this drop.
It would definitely be something that is a bit of time taking and not something quick but I believe that is a very important part of investment world, waiting. If you can wait out all these sellers, then what's left will be buyers, so we just need some time and patience to keep going upwards again after this drop.
OP, why did you have to pick 19K? Bitcoin price could go below 10K USD, if the conditions on the market allow this to happen.
There's nothing to worry about. We are still in the crypto winter. If you thought that the price recovery from 16K to 23K was stable I guess that I have to disappoint you. Many more centralized crypto exchanges will be facing trouble in the next weeks of months.
I'm also very nostalgic about the closure of Localbticoins. I've used them for 6 years without any issues. They were a really good crypto company. And yes, I know all the "be your own bank" and "don't use centralized services" golden rules, but I've used LBC since the days when I was a complete crypto noob and they've earned my trust.
There's nothing to worry about. We are still in the crypto winter. If you thought that the price recovery from 16K to 23K was stable I guess that I have to disappoint you. Many more centralized crypto exchanges will be facing trouble in the next weeks of months.
I'm also very nostalgic about the closure of Localbticoins. I've used them for 6 years without any issues. They were a really good crypto company. And yes, I know all the "be your own bank" and "don't use centralized services" golden rules, but I've used LBC since the days when I was a complete crypto noob and they've earned my trust.
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.
A decline of around 6% is very possible when bitcoin will fall again at all prices but we don't know the direction it's just that there must be a resistance point where it becomes a support area and it is at $ 20k but for now I think bitcoin will still survive in the next few days the current price.
There are many factors that cause bitcoin to fall and this is often always linked to bitcoin when it drops 5-6%, so this is not affected by anything that is significant, only a correction because bitcoin previously touched $24k, but in essence, don't be affected by FUD and it is very possible if bitcoin is back at $19000 or lower than that.
If it happens then I'm ready to buy from the bottom again.
There are many factors that cause bitcoin to fall and this is often always linked to bitcoin when it drops 5-6%, so this is not affected by anything that is significant, only a correction because bitcoin previously touched $24k, but in essence, don't be affected by FUD and it is very possible if bitcoin is back at $19000 or lower than that.
If it happens then I'm ready to buy from the bottom again.
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?
Not sure what is the cause of the sudden downturn as we have been enjoying a good run last January. I would speculate that maybe the news that localbitcoins is closing down,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?
https://cointelegraph.com/news/localbitcoins-closes-down-the-p2p-crypto-exchange-service
It has been one staple front for crypto enthusiast and it's hard to see that a institution like this is going to close down it's services to us.
Or maybe this news also contributed somewhat:
https://cointelegraph.com/news/kraken-down-sec-commissioner-rebukes-own-agency-over-recent-action
The $19k is not a far price from the current price ($21,843), so it could be hit within days if the market persists with its current downside correction. I view the recent bearish movements as a correction because it will take the market to slip below $15,500 before I would be serious about a bearish trend in its long-term disposition.
For now, I will be cautious on the bullish side, and the possibility of hitting $19k is getting higher as it has breached below one of my important daily supports at $22,543.56, which is an immediate but still a minor threat to the long-term bullish trend.
For now, I will be cautious on the bullish side, and the possibility of hitting $19k is getting higher as it has breached below one of my important daily supports at $22,543.56, which is an immediate but still a minor threat to the long-term bullish trend.
I have seen the bitcoin market go down seriously. Currently, the price of Bitcoin is $21900 and the market is completely negative. But I believe the market will rise again. There is nothing to panic because the Bitcoin market always fluctuates like this so it is natural to be patient.
Bitcoin truly decreased, but not seriously. Bitcoin decreased from $24300 or so to $21800 now, there can still be a further drop in price. But you can not compare how bitcoin has decreased to many altcoins, like APT known as Aptos that increased to $20 and now at $13.2. that is the type of fall that are serious. Yes the best thing to do is to just continue to hold bitcoin, a time is coming that bitcoin will make people happy again.
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?
I have seen the bitcoin market go down seriously. Currently, the price of Bitcoin is $21900 and the market is completely negative. But I believe the market will rise again. There is nothing to panic because the Bitcoin market always fluctuates like this so it is natural to be patient. 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?
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?
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?
After the bull days, bitcoin is correcting and what you want to know, we all want to know but no one can know what will happen next. What we should do is have a plan for both cases what do we do if bitcoin drops to $19k even if the drop is deeper, and what do we do if bitcoin doesn't drop but continues to increase? I was prepared for both. But if you ask me about my prediction, I will buy bitcoin from this price, and bitcoin drop to 19k is very unlikely.
For now, it is unlikely that we will see a return to $19,000 levels, because the price has settled above $21,000, which is a good resistance level and it is difficult to break it easily, but unless new variables occur, this is the most likely scenario.
As for the reason, perhaps the announcement that LBC[1] will stop is sufficient to move the price down.
Don't panic from these levels, we were down a few weeks ago.
[1] Localbitcoins closing down
As for the reason, perhaps the announcement that LBC[1] will stop is sufficient to move the price down.
Don't panic from these levels, we were down a few weeks ago.
[1] Localbitcoins closing down
It’s depends on the macro. And honestly nobody knows where we will go. We got the estimate for next weeks CPI at 0.5% which is high however the YoY is lower. Will this be bearish?
Now we will most likely get hawkish fed hints of another hike in March. Even after he said they will pause hikes. However he said he will pause before the high employments numbers and most likely high inflation. The next FOMC will most likely be a risk off event.
Now we will most likely get hawkish fed hints of another hike in March. Even after he said they will pause hikes. However he said he will pause before the high employments numbers and most likely high inflation. The next FOMC will most likely be a risk off event.
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?
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?
To be honest, I don't know how far bitcoin will correct, but it can be said that a decrease in bitcoin is not necessarily a bad thing, it will be an opportunity for those who have not bought bitcoin or want to accumulate more bitcoin at a good price. Bitcoin is up over 40% in January, so this correction is inevitable, take every opportunity instead of panicking. I'm happy to see bitcoin recover and hit a higher price but I wouldn't mind if bitcoin falls below $19k or even $15k again.
19k is just approximately a 15% drop from here. Of course it's very possible. The question is, will it? No one knows.
Quite funny how people don't usually question pumps though, then quickly look for reasons when bitcoin drops.
Quite funny how people don't usually question pumps though, then quickly look for reasons when bitcoin drops.
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