Will Bitcoin hit 2022 low again? - page 6.

btc_angela

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Quote from: worldofcoins on September 23, 2022, 09:01:33 AM

Quote from: EarnOnVictor on August 29, 2022, 01:30:22 PM

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?

It's already visible that bitcoin is staying under 20k for a long time now.
I think it has a good possibility to hover around 40k if not 45k by the end of this year.

I think the lower lows of bitcoin pre-2023 would be around 15-16k US dollar.

So bitcoin hovering under $20k is not a good sign. I mean it's getting close to the lowest low of $17,500. So there is a big possibility that a negative news can affect the market and pushes it down.

But as far as $40k-$45k, I doubt that it will move like that in the next 3 months. We will remain bullish all throughout. I don't like to sound very negative but it seems this is what we are moving right? So just monitor and be vigilant and learn how to take advantage, learn when to buy more.

worldofcoins

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Quote from: EarnOnVictor on August 29, 2022, 01:30:22 PM

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?

It's already visible that bitcoin is staying under 20k for a long time now.
I think it has a good possibility to hover around 40k if not 45k by the end of this year.

I think the lower lows of bitcoin pre-2023 would be around 15-16k US dollar.

RealMalatesta

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Quote from: BobK71 on September 22, 2022, 06:38:31 AM

When the global economy is in abatement, there is a slowdown in investment-based platforms. Just a few days ago, a US report said. Next year 2023 the world economy will go through recession. Since then, there has been volatility among investors. And in this situation there is no chance for Bitcoin to rise up. Due to which Bitcoin is falling into a long bearish condition.

I believe it will unfortunately not be over anytime soon neither. Last time we had such a crisis it was end days of 2008, we have been going through it for a while now so we are not there yet, but it took nearly 2011 to 2012 before we could go back to normal, which means that it could take as long as 2024 for us to start healing and 2025 before we see strong economy.

It will have to be grinding for a year at least, and that means 2023 will be very hard, between inflation followed by recession not that many people will have money to invest. Most of the world will have to work towards making sure that they are surviving and not making bigger debt, not investing.

bestcoins1

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Quote from: yudi09 on September 22, 2022, 11:09:38 AM

September 20 Bitcoin rose above $19K price after the previous day Bitcoin price was below $19K. September 22 or today from the daily chart, the low price of Bitcoin is at $18,290.32 and the high is $19,674.63.
The struggle to bounce back from the downturn is still going on, so please understand.

It should be understood by those who are still not familiar with Bitcoin, but for people who have been familiar with Bitcoin for a very long time and have taken more profit through Bitcoin in the past. It is clear that they will understand the condition of Bitcoin at this time because they already have a love for Bitcoin if they have to release it at a low price like now.

Quote

Bitcoin is in price decline and we should not be affected by the market price situation. It should be realized that a lot of technical analysis is provided by experts regarding the decline in the price of Bitcoin, but holding Bitcoin for the long term is something that needs to be done.

Obviously it has to be done because those who already have a love for Bitcoin will definitely hold Bitcoin for the long term, at least until the desired price target is reached if they really have to release Bitcoin back into the market before buying again in a downturn.

yudi09

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We have almost reached 10 months but bitcoin's performance has not improved even today it drops below $20k, I hope that in september the price can touch $22k, then october can touch $28k, if the scenario happens then I believe the end of the year bitcoin price can back to $40k.

September 20 Bitcoin rose above $19K price after the previous day Bitcoin price was below $19K. September 22 or today from the daily chart, the low price of Bitcoin is at $18,290.32 and the high is $19,674.63.
The struggle to bounce back from the downturn is still going on, so please understand.

Bitcoin is in price decline and we should not be affected by the market price situation. It should be realized that a lot of technical analysis is provided by experts regarding the decline in the price of Bitcoin, but holding Bitcoin for the long term is something that needs to be done.

BobK71

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Quote from: Oasisman on September 22, 2022, 05:13:22 AM

Quote from: ?? on ??

We have almost reached 10 months but bitcoin's performance has not improved even today it drops below $20k, I hope that in september the price can touch $22k, then october can touch $28k, if the scenario happens then I believe the end of the year bitcoin price can back to $40k.

Bitcoin's performance is never the question and it's even consistently improving since day 1. It's high volatility in a daily basis is the proof that Bitcoin market rather performance is healthy and improving.
Now, talking about Btc price, in contrary to your belief, I don't think Bitcoin will hit somewhere near $40k this year. Let alone $30k, as we are now experiencing a long bearish run. This could be similar to the 2018 bearish run.
Global economy is also struggling. Most people probably would stay away from investments as the income is reduced.

When the global economy is in abatement, there is a slowdown in investment-based platforms. Just a few days ago, a US report said. Next year 2023 the world economy will go through recession. Since then, there has been volatility among investors. And in this situation there is no chance for Bitcoin to rise up. Due to which Bitcoin is falling into a long bearish condition.

Oasisman

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Quote from: ?? on ??

We have almost reached 10 months but bitcoin's performance has not improved even today it drops below $20k, I hope that in september the price can touch $22k, then october can touch $28k, if the scenario happens then I believe the end of the year bitcoin price can back to $40k.

Bitcoin's performance is never the question and it's even consistently improving since day 1. It's high volatility in a daily basis is the proof that Bitcoin market rather performance is healthy and improving.
Now, talking about Btc price, in contrary to your belief, I don't think Bitcoin will hit somewhere near $40k this year. Let alone $30k, as we are now experiencing a long bearish run. This could be similar to the 2018 bearish run.
Global economy is also struggling. Most people probably would stay away from investments as the income is reduced.

TravelMug

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Quote from: judaspriest on September 21, 2022, 09:47:41 AM

Low Bitcoin price this year is at a price of $17.5k, of course that price is still very achievable,
because the Bitcoin price is still bearish, you can see in the market that the price of bitcoin is currently experiencing a dump of $20k,
and is now trading at $19k, for now it's clear we have to monitor it and have to put a stop lose, because if we lose $17k then $10k might come

It won't below $19k now, and it seems there is a selling pressure on the market. Not sure what is the reason for another -2-3% decline in the last 24 hours, but it seems they know something about the fed rate hike that can affect again the market short term.

So who knows, we are in the bearish mode, the sentiments are down. I guess $15k might be the first support line before we can break even lower.

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Check this sequence, I wasnt sure if it was declining or with negative bias but now I think we just made a higher low and it could turn out nice if completed.

Points to note would be we did not trade lower then 61% of the prior low to high and also we approach the weekly average on this 4hr chart. So we have both that recent high and the weekly average to give us a good hint as to strength in BTC price action at this time.
If we fail this test then by all means take the resolution as negative and expect a further bias downwards but its a fair measure seems like.

tbterryboy

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Quote from: Piesel on September 20, 2022, 12:44:18 AM

We never can tell what direction Bitcoin price will go in the remaining 4 months in 2022, Bitcoin price is hard to speculate and that is why you should position your portfolio in a way that whatever the outcome maybe you will still be in a fair position at the end of the year.

Bitcoin has seen worst market conditions already this year and the $17k price was dip enough to be the lowest level Bitcoin could fall back to in this season, but then again anything can happen so we shouldn't base our argument on that but if I must also choose I will choose no as we already saw the worst market price stage at the moment.

That is why it is smarter to always have some crypto and some fiat or at least income that you could use to buy more. That way you would be invested, but if it goes down then you would be able to buy some more with that money, if it goes up then you are in crypto and make profit. This allows people to be ready for both sides for sure, doesn't mean that it will always be like that, but it means that we could at least do something about it.

Profit is never guaranteed in the crypto world, and when it is deciding time to do whatever you need to do in order to make money, it is much better if you could end up with something much better in the long run, be ready for any possibilities.

jaberwock

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Quote from: ?? on ??

We have almost reached 10 months but bitcoin's performance has not improved even today it drops below $20k, I hope that in september the price can touch $22k, then october can touch $28k, if the scenario happens then I believe the end of the year bitcoin price can back to $40k.

If we are talking about the whole journey of btc, btc have improved a lot but if we are talking about the this year only, I think it also improved but it is only a little because it is lowest this year was around $16k but as of now, btc is sitting at $18k. It's not that it only gained $2k after it dipped there but it also rise above $18k though we can't disregard the fact that btc is a highly volatile coin, that it can lose most of its gains if it not some.

We are already at September and I think we already touch $22k last week. Maybe you mean is if it's possible to end this month with a $22k price. Well, that is always possible as btc have been on this price many times before. For October and onwards, I am also optimistic about it since this was the final quarter.

judaspriest

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C O M B O

Low Bitcoin price this year is at a price of $17.5k, of course that price is still very achievable,
because the Bitcoin price is still bearish, you can see in the market that the price of bitcoin is currently experiencing a dump of $20k,
and is now trading at $19k, for now it's clear we have to monitor it and have to put a stop lose, because if we lose $17k then $10k might come

Oasisman

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Quote from: Pujangga on September 20, 2022, 11:37:49 PM

If bitcoin calculated from the ATH position that has happened, of course the price of bitcoin has dropped by almost 70%, many analysts say that the 4-year negative trend is repeating itself, and this is what makes many people worry and choose to sell even at a loss.

What's a 4 year negative trend by the way?
Analyst is no different than speculators who's constantly predicting Bitcoin's next price movement. They aren't reliable and it's not even in the slightest chance of accuracy.
If a short bearish run would worry someone who owns Bitcoin and always have the thoughts of selling before anything else is getting worse, well I'm afraid Bitcoin is not for him.
Those "many" people are just looking for a short term high return and expected at the wrong side of Bitcoin.

Pujangga

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If bitcoin calculated from the ATH position that has happened, of course the price of bitcoin has dropped by almost 70%, many analysts say that the 4-year negative trend is repeating itself, and this is what makes many people worry and choose to sell even at a loss.

milewilda

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Quote from: GeorgeJohn on September 20, 2022, 06:04:10 PM

Quote from: Aliem Nur on September 19, 2022, 05:31:27 PM

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

This is the best time to buy any cryptocurrency that you want to buy because bitcoin itself have the tendency of corrections anytime, so we don't have to wait until the time comes concerning Bitcoin, i believe that bitcoin is something that i believe that can be easily be invest on and have very big return or profit, if we experience a bullish market, so the price of bitcoins in 2022 never increase to our expectation, which i believe that. So since the price is in state of downstream, it's the time to purchase more and invest.

Easy to say on buying but doing the actual action would be hard because it cant really be removed on someones mind that the price might go even more down.Right? Even into those people
who do have right experience or enough ones wont really be that too much confident in speaking with these kind of decision.Remember with year 2022 comes in then lots of people in the community
had really that kind of belief that we would really be having a good or bullish market on year 2022 but it turns out to be different and that what makes people do really that too hesitant
on buying because of those presumptions of possible things that might happen unexpectedly but well it is really just a normal thing.

GeorgeJohn

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Quote from: Aliem Nur on September 19, 2022, 05:31:27 PM

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

This is the best time to buy any cryptocurrency that you want to buy because bitcoin itself have the tendency of corrections anytime, so we don't have to wait until the time comes concerning Bitcoin, i believe that bitcoin is something that i believe that can be easily be invest on and have very big return or profit, if we experience a bullish market, so the price of bitcoins in 2022 never increase to our expectation, which i believe that. So since the price is in state of downstream, it's the time to purchase more and invest.

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Quote from: Kadal Ijo on September 15, 2022, 08:14:52 PM

I hope that the lowest price that has occurred in 2022 is $ 17k not happening again, seeing the trend that occurs in the market I am optimistic that the price will be in the range of $ 20k to $ 30k, the most important thing is now to focus on continuing to buy before bull run, Successful investors never think pessimistic.

I think that soon we will see where the bitcoin price will move because it is impossible for the bitcoin price to be at a certain point for a long time. as we know if the price of bitcoin has been in the range of $ 20k for quite a long time. if it moves down maybe we will see bitcoin reach the point of $17k or even lower, but if it moves up it's likely that the bitcoin price will be able to reach a price above $25k.

Davian144

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Quote from: Aliem Nur on September 19, 2022, 05:31:27 PM

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

Who will confirm it if someone wants to buy at a moment of decline like now ?
I think everyone wants to buy at a cheap price and not many people will want to confirm it because when someone is wrong in giving advice to others, surely he will be very embarrassed and attacked by other people with words he doesn't want. So it's better to consider it yourself to buy anything because every job always has risks that must be understood from the start which doesn't have to blame others when things happen beyond our expectations.

Piesel

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We never can tell what direction Bitcoin price will go in the remaining 4 months in 2022, Bitcoin price is hard to speculate and that is why you should position your portfolio in a way that whatever the outcome maybe you will still be in a fair position at the end of the year.

Bitcoin has seen worst market conditions already this year and the $17k price was dip enough to be the lowest level Bitcoin could fall back to in this season, but then again anything can happen so we shouldn't base our argument on that but if I must also choose I will choose no as we already saw the worst market price stage at the moment.

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Quote

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

I don't think, the price of Bitcoin will still reduce more than $20,000 before investors will start experiencing bullish season in the community, because there are some signs that show that the price of Bitcoin will increase higher soon. I think, it will be favourable for anyone to buy Bitcoin and hold to watch because the price of Bitcoin can hit higher for those that bought when the price was $17,000 to start releasing their coins to make a passive incomes from their investment. I believe, bullish season will definitely show up before the end of this month of September, because the price of Bitcoin has moved from $18,000 to $20,000, showed that Many investors will smile when the price hit $30,000 next week.

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