Topic: Will Bitcoin hit 2022 low again? - page 3. (Read 1838 times)

Finally, Bitcoin has put the prediction on this thread to rest, the coin hit the low of this year once again on Tuesday. It was as if the low would not come into force anymore, but for the fundamental crises that plunged it to break the well-preserved low of June at 17625.00. This was as FTX's future was shaking and the fear of insolvency compounded when it reached out to its rival Binance for liquidity help. This shocked the market and it has not yet recovered from it as it's still holding below $17k at the time of making this writing.

We have had a difficult time that made many users panic, the price has dropped below $18k and in my opinion this is the lowest position, we can see that when the price is low there is a very large transaction volume that makes the price go back to $20k .

A good end of the year is expected especially regarding the price. I wouldn't worry too much about how bitcoin closes the year, it's never been a problem. I just want to sit back and get as many opportunities to buy bitcoin on each drop as I can afford, this is even more likely for me to worry about.

As far as what I want to say, bitcoin is the most potentially profitable investment in the crypto world. Anything can happen, and I think we're bound to expect the same. Regarding the price, I think it can go down, up or sideway, but the most important thing is to take advantage of the opportunity.

When the thread has been created were in the 3rd quarter of the year. From that time we have reached the price around $18400 as the lowest. Further some price speculation took place and the market is in a better position now. Now we're in the last quarter of the year and got into November. This month's market movements will show whether we'll have a downward market or end up the year bullish. Holiday spendings over the end will cause market bounce than decline.

It would help if you don't doubt the Bulls again this year, I have rest my case on the further bottoming of Bitcoin in 2022 judging by how it performed in August and September. Although the expectation of as high as 100k is outrageous by anyone, it is better to limit any bullish run to the maximum of $35k. Still, I don't expect Bitcoin to reach that high anymore this year. What is important now is our regular speculations to adjust our updates on it, nothing else, the coin has divided speculators more than ever.

there are lots of things to happen and the sad part is that Bitcoin seems to be lowering this end of the year, we are almost in November yet the price stays stagnant at 19k so what are we looking in the coming days?

the last 2 months before the final days of 2022 but we are still in the process of trying to break 20k so indeed , we are so much low by now that bear might happen again late this year.

To some analysts, they can see an uptrend that is forming but until now the price was still very low. I don't know if it was only delayed so let's give it more time and maybe there is still a chance for the price to rise before we end this year. There are also people who talk about the all time high and says that $100k or more is possible to achieve this 2022.

It's kinda crazy but who knows? Maybe there will be a lot of skipping in the price that will happen. Anything is possible here in btc anyway. For us, we do have lots of expectations in bitcoin but for the others, they decided to be silent for a while because btc disappoint them many times before.

Good clue! $17k might be an abomination to be reached by BTC this year. I thought the level must have been reached and even breached between August and September, but here is BTC holding firm above it. The market had done worse on the bearish side this year, I hope for bullish moves afterwards.

You are right, a good trader and investor must keep their minds neutral about Bitcoin and other cryptos, they should have the mind that they could buy or sell. It is the moments of their buying and selling that we should be sure of through our regular speculation to know the ide we should take. We should not be only calling 'Buy' simply because we love crypto.

This is not normal my friend, let us be realistic. If you have a company and its shares fall about 70%, would you call it normal? But let's hope our optimism of it rising back becomes true.

I guess -70% in a  bitcoin bear market is just normal, although for first time users who haven't seen a bear market, it might be a concern and really having a hard time digesting what is going win, and yeah, it's really damaging for them.

But for us who have seen it already, it's just a mental thingy for us. Just keep on grinding every day for regular traders and then for average joe, just accumulate and wait for the next bull run. And if by chance we see another lower low for this year then good for us as we can buy at a discount.

it is clear that inflation has occurred and it is estimated that it will have an impact on the development of the world economy, many countries will experience a crisis due to this. interest rates will obviously increase as a result of this crisis and will also affect the price of bitcoin, many of which can no longer afford to buy but will most likely continue to hold it and will sell it if necessary.
this situation is certainly not good news for bitcoin, bitcoin will wait until the halving period which hopefully coincides with the crisis passes.
but as a colleague said that there will be a bitcoin distribution it seems I also have never known about it, hopefully there will be enlightenment on this.

and will still hard to take another increase , we are closing the end year yet the market shows no response in much awaited growth , not about ATh but at least  half of it?

there are so much to expect from bitcoin but the thing here now is how high can we take as 17k seems to be the lowest .

Don't sell? What if the market continues to fall? I guess we should be careful with the advice we give, we should rather encourage people to speculate for proper guidance on what they have to do. Some people had mistaken others this way when the market was still higher, yet it sold heavily. Regular speculation is the key, BTC could surprise anyone, though I'm beginning to be bullish.

Well said! I'm not a fan of some practices by many BTT members, which includes some of what you explained, yet I agree that it is time that it started moving higher. The crypto has probably bottomed already for 2022 according to my long-term analysis having sold from the 2021 high of approximately $69,000. This might be a preparatory ground for 2023 in which I suspect a bullish focus by investors and traders since the inflation that mostly caused the fall has been priced in already, it has done its worst in 2022.

This is a piece of good advice for long-term investors, but 4 years is too long for regular traders, it is the holders that could be that patient. When I consider the things of BTC, I consider it in both HODL and futures trading. For HODL, you have advised well, but for futures trading, I will advise swing trading, for now, good support and resistance strategy that detects early swing patterns should be able to guide any trader as the year runs to an end.

Looking at it now?


the record shows that for about 52 weeks now that this is the lowest and that happened  4 months ago so maybe that is the lowest we can get till the pump happens in Halving?

The global economy is not doing well. Moreover, there is a threat of economic recession in the coming year. At the moment Bitcoin is not simply bullish but have the possibility to get long bearish. Again, there is a big risk of losing money if Bitcoin is sold at this time. The most reliable strategy at this time would be to buy bitcoins and hold them for a long time. If Bitcoin investors follows a 4-year cycle then of course it would be profitable.

Price action is struggling to break upwards right now so I would guess no.  From the depths of Thursday BTC recovered to challenge once again the weekly average and rising trend for the last couple months.  The fact its still trying to ascend upwards even if we are under the ice, we may yet break back above and regain positive attitude in BTC price charts.  

4hr bars are probably the best concise way to state a trading movement.  Its not positive but still struggling, more then one fish caught got back in the sea despite appearing to have lost the fight I view BTC quite similarly right now still a rigorous struggle ongoing.

a lot of crypto holders have the same sentiments as they strongly believe that in the near future, btc will have good market performance. if you are long enough in this market, you won't think that btc will reach its end rather it will go stronger. and with that in mind, you will think that the price will increase in the coming years. we may be stagnant with the increase this year, but there's hope in the coming years as adoption is growing stronger. but thinking of the low price level this year, we can't determine if this will happen or if we will get out of this before the year ends.

I am bullish and I am not really keen on waiting, realize that bullish trend people do not really worry about it when it is bearish. Because, when you want bullish but bear happens, you can buy more and wait for the bull to come, the opposite is not possible.

If you are a bearish person and it goes up, you missed your chance, you have to wait for it to come down again and up again, we wait only the up, they wait down and up back to back, which is a lot harder and takes a long time. We had a huge crash, from 68k to under 20k, it’s not really shocking to expect it to go back to 60k+ which means that there is a good chance I will make 3x profit, I just don't know when.

don't sell make sure you hold it for the next 4 years, because if you sell it now you will definitely regret it later,
we have entered the last phase of the season, hopefully early 2023 there will be good news for crypto currencies and of course bitcoin can return to $50k.
because the bulls will return if $50k is passed and Bitcoin can reach new ATH $100k? yes it will happen!.

Yes, inflation is a big factor that is affecting the risk-appetite Bitcoin and will continue to do so. But I don't agree with you that the Russia-Ukraine war is the sole cause of it. Bitcoin has been falling due to inflation before the war, it only aggravates it.

As much as I love to support the selling of BTC because of inflation and the economic woes around the world, things are now changing as BTC is not ready to break some lows anymore. I was a core supporter of the crypto hitting the 2022 low at 17625.00 again, but the situation that unfolded in September made me change my stance. I am now neutral on it hitting the level until further notice.

You are right, just like what I just replied in a comment, BTC can't do much this year again unless there is an event that really shakes the crypto space. But such an event will hardly happen, it's inflation that is affecting it and it is nearly priced completely for the year.

Inflation could be part of the slowing down of Bitcoin. There is another more probable cause, namely the CPI report. The increase in inflation that occurs could be the last thing according to the observations of the Federal Reserve.
Today, the Bitcoin price chart in a matter of 24h has also increased from $18.3K to $19.8K. A normal situation in my opinion amid the inflation problem that occurred.

What is conveyed is only a study that I got from several readings that I read and of course there are many other sources with a stronger level of accurate data.

Worry need not be too big when looking at the current situation. Only long-term hold will make us safer. We'll see, maybe there will be a surprise this October.