Topic: Will Bitcoin hit 2022 low again? - page 7. (Read 1838 times)

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

Global economy still shows no signs of returning to normal, bitcoin continued to fall last week as CPI did not fall as expected and yesterday bitcoin fell below $19k on fears the next Fed rate hike will take place on September 20 and 21.

Many expected the Fed to increase 0.75% instead of predicting 0.5% when CPI fell in July, with this move meaning that the world economy remains volatile and interest rates rise too high could lead to a global recession. It is impossible to predict whether bitcoin will bottom or not yet, but can confirm to some extent, bitcoin this year will be difficult to grow, the target of $ 30k year-end for me is also becoming more difficult now.

Although it seems that the global economic situation is a bit normal, that doesn't mean the next phase of bitcoin's bull run is imminent. On the contrary, where the price of bitcoin has continued to decline recently, even though in early September there was little hope that there would be an increase where the price of bitcoin was above $22k. However, I am optimistic that the bitcoin price will not drop below $17k and will remain stable above $20k until the end of the year even though the current bear market is not over yet.

There will probably be a new low this week when the Fed meeting will be held tomorrow. CPI announced last week did not decrease as expected, showing that the economy is still unstable. Most likely we will see the highest rate hike this year, I see many predictions that the Fed will raise rates to 1%. This helps the USD strengthen, other assets such as gold, stocks or bitcoin will continue to witness another round of dumping. Investors will continue to choose USD as a safe haven asset in inflation.

It is obvious you understand what the market is doing rather than those holders and traders that are too sentimental about only the bullish trend of Bitcoin. I voted for the hitting of the low of June immediately after I opened this thread/poll, and the feasibility of the market hitting the level is surer this week. The reality is there as the weekly and monthly charts remain bearish on the Crypto.

However, my bearish sentiment resumed last week Tuesday, and you might want to check/review my daily speculations at: https://bitcointalksearch.org/topic/my-daily-bitcoin-speculations-and-views-5410763

You are right, Bitcoin gained during Covid-19 surge, and this helped it till today. The pandemic made it gain more popularity and adoption while inflation was still nothing to the Crypto then. But the situation has changed, which is caused by its adoption by financial institutions, Defi and others. So, this forced it to be behaving like the real market, while its asset class is risk-on. Risk-on assets will always fall when there is inflation and uncertainties around the world's economy just as we see today.

You are not just right about what you wrote here. First, Bitcoin will surely hit $17K soon, but I am not sure if it will break and hold below the level for a long. Second, don't misquote the successful investors, they know when to buy and sell their investments, which makes them successful. This is why they are good speculators rather than always being hopeful that their investment must yield. They always plan their risk management properly.

You have expressed yourself sensibly, and I appreciate this a lot. No one should be a blind trader or speculator, we should be acting based on what we realize the market is doing. For now, it is all negative for Bitcoin, it might fall beyond what we expected.

You had better learn how to speculate the market properly rather than using the analysis of this picture attached. It will make you lose if you don't confirm it with other strategies.

Sure! The year low is more feasible than ever this week, and I voted "Yes" last month. I have the assurance that it would be hit before Friday. The CPI news of Tuesday has slipped the market back to the bearish trend, and I alert BTT members even before the news was released. You can read it here: https://bitcointalksearch.org/topic/alert-important-us-inflation-news-is-due-today-5413398

Starting to feel like we may see new lows this week. Lots of bad news seems to be in the pipeline and support is buckling right now. Even though you know it’s coming, these bear markets show you no mercy. The question I think is on everyone’s minds now is how low can the price go before it turns around. I suspect the next volume spike will answer that.

I know that people are worried about the lows constantly, but the reality is that when we drop, we hit a bottom and then go to heights that we never did and then make a profit from that. I am not saying that we are not going to reach under 18k again this time, because we may do that, but after this bear run is over and we start going up again, we are not going to go down to these prices.

Imagine the situation that last time we had bear markets, we dropped FROM 20k and into as low as 3k levels, and then we reached 68k ATH, we dropped TO 20k, that's how bitcoin works, we will probably go to 100k+ levels next time and we will drop to 60k levels next time, it will be a huge drop, like 80% drop and will be to 60k, that's how bitcoin cycles happen.

Successful investors take into account every single possibility and then act based on the best strategy they have available at the time, while it's obvious I don't wish for the price of bitcoin to go any lower anymore the reality is that this is something which it may happen, and as such we need to be prepared for it, this way if we happen to see a drop which makes the price of bitcoin to go lower than the current low of this year we'll not be surprised by it and instead of panicking and selling our coins we may take the decision to buy the dip instead.

Larger picture seems to over ride the smaller swings back and forth.   We are caught on the 200 week average and viewing the 200 day average decline from some distance.  Perhaps these two measures need to be closer before anything happens, as both are slow movers we will be waiting some time.    We are not negative so much as sideways in conclusion

The price that got close to $19k have not got pushed and are nearing $20k. Here Bitcoin will try to have its support level above $20k. This week we've reached the low and in the upcoming week this can go even low. The market is completely uncertain and something good in terms of adoption and real time usage in large scale will trigger the market to bounce high at the lowest time gap.

I'm sure a lot of Bitcoin holders hope Bitcoin won't drop below $17k, because if the price of Bitcoin drops below $17k, there will be panic.
But no one can guarantee that Bitcoin won't drop below $17k this year, because after all no one knows what the lowest Bitcoin price will be
this year. We can only predict the movement of Bitcoin according to our own analysis, which is not necessarily accurate. So from that instead of
stressing about the lowest Bitcoin price, we better do something positive by collecting as much Bitcoin as possible. We do have to be optimistic
about the future of Bitcoin, and don't worry if Bitcoin finally drops below $17k. As long as we don't sell our Bitcoins at low prices and keep holding
Bitcoins, we haven't lost. After all, Bitcoin can always recover every time it experiences a price decline, so as long as we are patient holding Bitcoin
in the long term we can make a profit from Bitcoin.

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.

It certainly feels like Bitcoin has followed the general trend economy downwards, but the worst times are yet to fully hit. When there was lots of cheap and readily available money, people got carried away and poured it into these risky assets. Now the belt is tightening and crypto simply has not been around long enough to show that it can weather a recession. Covid was a bizarre case and the financial crisis occured a year or two before bitcoin was even created. It feels like we are yet to see the lows that are coming as people need to cash out.

As much as we don't like the current scenario we are experimenting this is the most sensible prediction, there simply doesn't seem to be any kind of room for an important recovery, so the best we can expect out of bitcoin is a sideways market and even that kind of market conditions are unlikely because of all the negative factors that are surrounding the economy and bitcoin in general as well, so the only thing that I can hope for is that whenever we see a further reduction in the price of bitcoin is that is not as bad as it could be.

After an encouraging rise to $23,000 in September, bitcoin is once again looking towards testing the bottom. There is a lot of possible negative news ahead that could also affect Bitcoin and the entire market as a whole. From the long-awaited distribution of bitcoins to the affected investors of the MtGox exchange, ending with the Fed raising rates by 0.75% or higher. Fundamentally, bitcoin is very weak right now, selling pressure remains, and there are not enough new investors to support demand. We are still inside the global bearish trend and the probability of updating the bottom is extremely high.

Yes if we see the past graphs, then it’s strong indicating that market will rise again at the end of October.
Those waiting for more low price, then let me tell you my friends that, Bitcoins can start climbing up any time, so if you manage to buy anywhere below 24k usd, then consider yourself as lucky.
Nevertheless Bitcoins will struggle in this price segment for few more weeks. Once it break the resistance, then we will definitely see an all time high in it’s price.

I don't think we'll see a new low. Though the US Fed continuing to raise interest rates each month for probably the rest of the year will likely keep Bitcoin under $25k this year. And of course it is possible Bitcoin briefly charts a new low but unless something really bad happens I don't see it happening.

I expect early next year we'll see Bitcoin breaking out of this bottom range and heading to $30k in the first 2-3 months of 2023 if not sooner.

Because $20k is the most important support that we got, the last time it was broken, we went to $17,500 the lowest low for this year. And then we have a dip of $18k as well, but after that it bounce back to $20k and then to $22k. And we've seen in the last couple of days the impact of the CPI and now we are hovering that support line right now. So for now, I will say that we will not any price lower that $17,500 for this year. But we might be just around $20k again before another break out run at the start of next month.

As of now, the bitcoin price is still at $20k but briefly touched $19k and then bounced back up again. Hopefully, the price doesn't go down to $18k or even lower, although the chance to go down is still there. But if that happens, we can do nothing but hold back and buy bitcoins again.

Meanwhile, we've already seen bitcoin price reach $17k as the lowest price, and we still don't know if it's the lowest price after hitting a new ATH last year or if it will drop back below $17k. In addition, many speculators say that the price of bitcoin could reach $15k, especially if negative news about bitcoin appears, but hopefully, that doesn't happen.

We have been running for more than 9 months and the market continues to decline compared to the position of the initial price of the year, but the thing that makes us optimistic is that the price will return to $ 20k when dropping below $ 20k, the most important thing is we focus on long -term goals and I'm sure in 2022 Market can rise even though it is not significant.