Topic: Will Bitcoin hit 2022 low again? - page 10. (Read 1838 times)

If we look at Bitcoin has always failed to rise above the $25k price in the last few months, and several times dropped below the $20k price.
This means that worse things can still happen this year, as you said Bitcoin could suddenly drop to touch the price of $ 15k. If that happens
it can make the market worse and panic selling will happen again, therefore I really hope Bitcoin will never drop to the price of $ 15k this year.
My advice instead of us thinking about the lowest possible price Bitcoin will reach, and that only makes us even more hesitant to buy Bitcoin right now,
it's better to just focus on collecting Bitcoins. Because after all Bitcoin is the best cryptocurrency and always recovers no matter how low its price drops.
It will provide more benefits for us if we focus on collecting as much Bitcoin as possible from now on, we can imagine if Bitcoin suddenly recovered,
then we would make a big profit.

I think there is a slight chance of Bitcoing hitting somewhere around 15000 dollars but there should be some terrible triggering news for it to happen. There is huge support in 20000 dollar level for sure but it was easily broken couple of days ago. I feel like we may only see 1 or just 2 more dips this year and there will be bull market period following it. This is my overall wild guess about Bitcoin's price movements.

There could be 20% chances for having lower lows again this year and as per remaining 80% of chances, we may have $20k as a stronger support forever which means we may never get chances to breach into below $19500 levels forever. Unfortunately December or January month is known for low price of 4-year cycle to happen. But, in this cycle, we did not have ATH on December hence low also may not happen on usual month as per my guesswork.

I remember there rumours about getting into $15k to $12k levels hence some people might have been waiting for such prices to enter. I agree with you that we may not get chances to break the low price here after. We just need to go for DCA to avoid later regrets.

I don’t think Bitcoins will fall anymore.
I mean the recent manipulations in the price was due to the big whales penetrating the market for their profits.
But now on BTC has crossed 20k usd mark and tomorrow also new month starting, so basically the price won’t fall as can be seen.
If you haven’t purchased and waiting for a better price, then you might regret later, buy BTC less than 21k usd and I am very much confident that at the end of the month you will see a great and steady profit.

No body will really know which direction bitcoin will take next few months left for 2022. This year it was a hard year for it after reaching high levels and even that the price is still strong even after reaching low levels. The chances of getting back stronger are higher

We've seen what happened to bitcoin and the lowest price bitcoin has reached but the price of bitcoin can stay at its current level or even increase higher or even fall even deeper. Everything can happen because today's crypto market is very wild and unpredictable. However, we can still enter the market anytime we want, especially if we know when to buy bitcoins again. The important thing is that we should always be careful before making a decision and do our research so we don't make the wrong decision.

The unique thing if we look at the market is that it is difficult to go up and also difficult to fall, this seems like an ideal price range for anyone, but I'm sure 2022 will not repeat the negative 4 year trend that has happened, and optimistic to touch at least $45k .

I love the way you have explained this part of your reply before taking a side. The ETH merge is one big factor that many people are not talking about despite being the major factor that made cryptocurrencies rise in July. Though it might have been priced already, which might lead to no further effects. Let's wait and see.

I'm with you on this, the weekly chart technical analysis also reveals this clearly.

This is not a matter of being a professional or newbie, it is a personal question directed to everyone. But it shows that those traders did not speculate on this as they have called out $20,000 as a level that the market should not breach, but the level was still hit yesterday as the market bottomed at 19540.00 on the day. Speculation reveals possibilities and we have the wisdom to choose from the most preferred one, so my question here is speculative in nature, specific choices and detailed reasons would be appreciated.

Thank you for sharing your view. But stop believing it to hit an ATH next year, don't believe that Bitcoin will perform magic as the factors causing its current selling will not suddenly disappear.

I don't agree with you, the crypto market has been inculcating into the mainstream of the financial market, so it behaves just like any other asset including stocks. It is all about knowing the factors that are causing a fall or rise through technical and economic studies. Stocks also have their challenges too, yet good analysis will point out the way.

I voted yes. I think in order for a strong base to be built you need a retest. It’s healthy for the market and helps clear out leverage. With the ETH2 unlock and the gox coins hitting the market, it would be pretty crazy for the bottom not to be retested. Unless a spot ETF gets approved in the next couple weeks, I think retesting the recent lows is inevitable.

This question is a question of assumptions and question of prediction. I believe that Bitcoin price concerning next year 2023 and the price of Bitcoin concerning this year December 2022 is not dependable or reliable to anyone. But some people will still make an assumption which is not supposed to be in such form. Actually concerning the area of Bitcoin price. I only want to let you know that the price of Bitcoin can rise above seventeen thousand (17k) for now the price is not constant and it's fluctuating.

Almost all crypto users today are indifferent in the case of Bitcoin speculation or crypto in general, the average crypto user is confused at this time, many are speculating and hoping that Bitcoin in 2022 will drop at the level they want.

For me, I'm only optimistic for the current development of Bitcoin, of course I have my own judgment to do something about Bitcoin, especially in the field of investment and trading, hopefully my analysis is right.

To this question, from the views, analysis, speculation, predictions of experts in the field of crypto and the market, I believe Bitcoin is lower than you would expect, regardless of the indifferent way people think.

An atl is different from a normal low. Maybe there are no more new atl's this year because it's been a long time since btc didn't drop much below 19k again. There was a latest drop but it was only until 19k and the price then recovered by 1k after it.

It's not possible that only a continuous rise is going to be felt so there will always be another normal decrease that can occur within this year and one of the reasons for it is the mt gox that everyone is talking about lately. Following the updates about it can help you out to plan ahead if you are going to sell early but if you are going to buy more then you better accumulate enough money now.

I don't think we're going to meet another low and it's going to stay close to $20k either way below or above, so until things stabilize completely seeing the end of the year for things to gradually recover, I'm also not sure bitcoin will go below $12k

Hard to speculate what will be the price at the end of the year, our lowest is $17k and we are just barely out of it with the current price. If we have like $34k right now or at least doubled the last lows then maybe we might say that we might not see the price go lower. On the other hand, we are just $20k and we still have the last quarter, so many things can happen. Maybe there could be a negative news pulling the price to $16k. So it's better just to prepared for the worst.

It is not quite sure, we know how volatile is the market and we can't just think that by tomorrow the same price we are able to see, changes may come always. In fact, we actually think that we even drop more after seeing the $18k in the 2nd quarter but look how the market is being unpredictable, the pumps come and it even stabilized at $23k in a few weeks before it drops again - and this is what we have faced now.

Voted yes as my gut feeling (which has been wrong many times before)tells me that we haven't seen the worse yet and I expect at least one more dump before we start slowly recovering. Having said that, even though I expect BTC to go below 17k by end of this year I am buying at these level (doing DCA) since price is still great and trying to time the bottom is fool's errand.

We cannot tell the exact thing that might happen in certain timeline ask by any individual but looking at how the market reacts towards the fuds spreading maybe we can say that there's a little possibilities that it will happen. But maybe the chance are so low because for sure the same other dumps there are whales who's willing to catch the knife and accumulate to fill their bags.

Honestly, I'm indifferent to what price Bitcoin hits. Though my heart is a little selfish that it should go down a little more so I can leverage on its crash to buy certain altcoins I find high now. Beyond that, I'm okay with whatever price I find Bitcoin at now. I ain't perturbed a bit even if it goes down below $17,000 because I know it's going to soar pass its last ATH during the next halving year.

I would not rule out the possibility of a new price crash, because the terrain we are on now is very slippery and some new extremely negative news can have a very negative effect on the price. In addition, the majority of investors realized that we are in a bear market and that they cannot expect significant profits in the short term, which together with the news of inflation, which is measured in double digits, dissuades the majority of retail investors from deciding to invest in Bitcoin.

Moreover, many will be forced to sell part or all of the Bitcoin they have in order to pay bills that are getting bigger and bigger every month, and this will create even more pressure on the price. All things considered, the current price is more than good, although many are disappointed after they were convinced that the bulls had taken control and taken us to $25 000.

In the rest of 2022 Bitcoin will be able to hold above the lowest price that occurred in June. The market is very volatile. Yesterday it went down and now it's back up. Today goes up tomorrow can also go up again. This means that the market is not easy to predict.
It's a good thing when the market conditions are like that it's a long term buy because the economy isn't good right now.