Will Bitcoin hit 2022 low again? - page 8.

BALIK

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Quote from: BobK71 on September 14, 2022, 05:17:51 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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

I also believe bitcoin will not go above 25k this year but if we talk about bitcoin has hit a low I don't think so. In my view, when it comes to the effects of events like the energy crisis or inflation, things are much worse. With the release of the US CPI index yesterday, showing that inflation has not shown any signs of decreasing, the reduction is considered insignificant for the Fed not to raise interest rates too high. If interest rates rise as expected up to 1% later this month, that will be news that sends all markets in the red and we could hit new lows from there.

Rikafip

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Quote from: EarnOnVictor on September 15, 2022, 01:34:06 AM

If you know the true principles of trading, you would know that breaking a year's low is disastrous to any market, and Bitcoin is not an exception. This is not a bluff, it might record another low that might amaze everyone.

Well, that's the thing, I am not trader (like I mentioned in my previous post) so no, I wouldn't call it disastrous as I am into this for a long run so I don't really care whether bitcoin goes more down. I would of course prefer it goes up, but if it doesn't, it will give me more time to get cheap bitcoin.

Thinking of it, the only pro crypto trader I know (this guy is living solely off trading for years) actually prefers bear markets as he is pretty good at shorting so I guess real traders don't care much, as long as there is some action going on.

Wexnident

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I'm rather indifferent to it, but with the current state of the market, it wouldn't be odd for it to go below it. So far though without any stimulus, I think we're still going to hover at the 19k,20k levels. It can also be seen that most dumps past 18k are almost quickly recovered so as long as it isn't a big deal kind of stimulus, then the chances would still be pretty low, though not impossible. I don't think anything would happen even if it goes below it though, probably just a better entry point for investors by then.

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Quote from: Mpamaegbu on September 01, 2022, 02:27:56 AM

Well, I always like to keep a positive mindset while looking at Bitcoin price charts. I ain't talking as a maximalist or something; I speak from an objective assessment.

Then you are not a good investor. You should not be a blind Bitcoin lover, it is smart to know when it will buy or sell so that you can plan your investments accordingly. This does not mean you don't love Bitcoin, you are just being smart about its trading and holding.

Quote from: Rikafip on September 01, 2022, 04:15:18 AM

I don't think that bitcoin going below ~$17k would be disastrous at all. Sure, it wouldn't be nice, but that's far from disaster level. For me personally, as long as we don't reach levels lower than previous cycle low (slightly below $3k) we are good.

If you know the true principles of trading, you would know that breaking a year's low is disastrous to any market, and Bitcoin is not an exception. This is not a bluff, it might record another low that might amaze everyone.

Quote from: mich on September 02, 2022, 01:04:34 AM

Well for me at this point anything is possible when making a price predicton for Bitcoin. I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

This is speculation, it is not an affirmation that it must happen. Anyone dealing with BTC should learn this, they need to be a good speculator of how the market behaves and what it might do at a certain period of time. This is the rightest thing to do, rather than being optimistic all the time. What if the belief fails? The protection of your investment should come first.

Quote from: arwin100 on September 02, 2022, 06:32:59 AM

People predicting for heavy fall is just basing for fear indicator they see on bitcoin but actually its hard for it to dump for more knowing that many people are there willing to do but backs and support bitcoin from falling so I guess we will not go below $17k which is worse case scenario. But rather we might comeback to above $20k on next couple of months.

You are missing a lot of facts here, have you forgotten that many things can cause the fall of Bitcoin? Dumping is not the only thing that can cause the fall, many people might hold it but futures traders might sell it. Which will still cause a fall because of the negative sentiment in the market. Not to talk of the inflation news that is not favouring it?

fzkto

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Right now it looks very much like bitcoin could drop back to the previous bottom. But this chart looks like an accumulation, so I believe that even if we touch the previous bottom, it will all be within the existing channel. But if things go wrong and the stock markets start to fall even lower, then bitcoin will face another collapse.

peter0425

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Quote from: BobK71 on September 14, 2022, 05:17:51 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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

I'm afraid it is really happening ? or happened ? 21,000-22,000 in 90 days? remember that we dropped down to 17k last month and there are many chances or occasions that may bring more damage in the prices as there are so much bad news and negatives to happen.

Quote from: fzkto on September 14, 2022, 06:19:04 AM

Right now it looks very much like bitcoin could drop back to the previous bottom. But this chart looks like an accumulation, so I believe that even if we touch the previous bottom, it will all be within the existing channel. But if things go wrong and the stock markets start to fall even lower, then bitcoin will face another collapse.

the previous bottom is 17k level , and now it seems that we are going down below that level again and may be more lower because the trend is coming bad this year till next.

Sebas.tian

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Quote

Price of current market is still affordable and I think market will be starting to rise again in the early November. In my opinion, current stage is the last lowest amount and day by day it will be growing. So if you have deep intension to buy then it is the right time to enter market.

Yes,there are still opportunity to buy Bitcoin as you want in this bear market and hold because I don't think the price will still decrease more than this before it will increase higher for those that bought few months ago to get ready to achieve massive income from bull market. I think, there are some signs in the market that show that there will be massive pumping any moment from next two month that will help both long term investors and short term investors to smile again. I guess, it will be difficult for investors to miss this opportunity in this bear market to buy and hold for a bright future to come, because it will be difficult for investors to experience this low price again in the market.

bitcampaign

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Quote from: Apocollapse on September 13, 2022, 10:19:49 AM

Quote from: bitcampaign on September 13, 2022, 08:22:17 AM

I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

The first rule in investing is don't rely on other people including the self pro claimed experienced trader or investors, now you're already failed. I don't believe anything about your friends, if they're really good to analyze Bitcoin price, let them create an accounts in this forum and open a thread about price prediction, we will see how many correct or wrong prediction from your friends.

that's why we avoid sharing with everyone and only I use it alone with the team for bitcoin price analysis not all of our analyzes are also 100% big profits so it's also necessary to keep emotions in trading, I'm just giving advice from my thoughts I don't oblige people to believe with me

BobK71

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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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

justdimin

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Quote from: Smack That Ace on September 13, 2022, 04:15:14 AM

According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.

It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.

It is clear that whenever we drop, we find a way to recover and that would be pretty similar if we have any other drops in the future. Because, we do not want to see bitcoin low and whenever it drops people see that as an opportunity and they buy more which makes it go back up. Look at how quickly we recovered, just a few days at under 20k and then we are above it again.

I am guessing eventually people will be tired of selling and when those sellers are tired we are going to take over and we are going to end up with a recovery for sure. It is not going to be easy, but it could be done and we are going to end up with a good return when that happens, we just need to wait out the sellers.

BitDane

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Quote from: ibuddy122505 on September 13, 2022, 10:53:22 AM

Bitcoin's future movement might be wishful thinking, but nobody can predict it. Regardless of what you've done in the past, adjust yourself. Few sold their positions in the hope that things would get lower, but unfortunately it did not happen. There are more and more signs that the system is becoming difficult to trust; this might just be another trick to fool people and revive retail FOMO. As of now, we do not have any agreement with Bitcoin that 17k will never be seen again or that 20k will remain stable.

I agree, Bitcoin future price is very unpredictable. Nobody knows what will be the price of Bitcoin in the next week, all we know is that the market is currently at the bear market so anything about price going down is likely to happen. But of course we cannot remove the fact the recovery trend of Bitcoin since it only need good news to change the current trend of Bitcoin market.

Rana590

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Price of current market is still affordable and I think market will be starting to rise again in the early November. In my opinion, current stage is the last lowest amount and day by day it will be growing. So if you have deep intension to buy then it is the right time to enter market.

ibuddy122505

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Quote from: tbterryboy on September 13, 2022, 10:30:32 AM

Quote from: arufox on September 12, 2022, 01:02:59 PM

Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.

I think the global economy is returning to normal and inflations are getting lowered again. That might be the reason why crypto prices are now recovering and by that I too don't think that 17k will be seen again. Those who bought at that level are lucky while I feel sorry for those who got greedy and didn't buy because they think the price could dump more. I like how simple you are.

It's okay for you that btc will be stable at 20k as long as it doesn't dip lower than that but don't lose hope just yet. There's still enough time for the bull run to occur and maybe it's starting to form right now since bitcoin's value is rising consistently these past days.

Bitcoin's future movement might be wishful thinking, but nobody can predict it. Regardless of what you've done in the past, adjust yourself. Few sold their positions in the hope that things would get lower, but unfortunately it did not happen. There are more and more signs that the system is becoming difficult to trust; this might just be another trick to fool people and revive retail FOMO. As of now, we do not have any agreement with Bitcoin that 17k will never be seen again or that 20k will remain stable.

tbterryboy

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Quote from: arufox on September 12, 2022, 01:02:59 PM

Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.

I think the global economy is returning to normal and inflations are getting lowered again. That might be the reason why crypto prices are now recovering and by that I too don't think that 17k will be seen again. Those who bought at that level are lucky while I feel sorry for those who got greedy and didn't buy because they think the price could dump more. I like how simple you are.

It's okay for you that btc will be stable at 20k as long as it doesn't dip lower than that but don't lose hope just yet. There's still enough time for the bull run to occur and maybe it's starting to form right now since bitcoin's value is rising consistently these past days.

Apocollapse

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Quote from: bitcampaign on September 13, 2022, 08:22:17 AM

I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

The first rule in investing is don't rely on other people including the self pro claimed experienced trader or investors, now you're already failed. I don't believe anything about your friends, if they're really good to analyze Bitcoin price, let them create an accounts in this forum and open a thread about price prediction, we will see how many correct or wrong prediction from your friends.

AbuBhakar

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Quote from: Smack That Ace on September 13, 2022, 04:15:14 AM

Quote from: kryptocanon on September 12, 2022, 06:53:41 PM

I am afraid Bitcoin might likely get to hit another low again as there is some bad news surrounding it, some not relatively direct crypto news but globe news. Examples are the ongoing war in Ukraine as Russia is likely to go wild, while on the other hand, is the CPI data yet to be announced by the US on cometh 15th of this month. Let's hope they both come positive.

According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.

It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.

Well the result is in contrary about CPI because it didn’t decrease at all. This means that the plan of US government is starting failed and this is the reason why the price of crypto is tanking right due to people panic selling. I didn’t expect that the CPI will stay while the US government method is very focused to solve the inflation. Next month will be a disaster again for crypto if the CPI don’t decrease since people are just being positive due to the recent decrease while the plan now is not working anymore.

Quote from: bitcampaign on September 13, 2022, 08:22:17 AM

I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

LoL who’s your friend? The market is uncertain and no one can predict if the price will not gonna go down unless your friend is Jeff Bezos.

bitcampaign

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I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

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Quote from: mich on September 02, 2022, 01:04:34 AM

Well for me at this point anything is possible when making a price predicton for Bitcoin. I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

Apparently, we have no reason as well to think negatively because the market is still healthy despite the drop in price. Usually, we have this bear season after the market surge last 2021 and it was the time to face the bear season, perhaps, already experience this before. Thinking negatively hasn't resulted positively but more often it will also result negatively.
Just like you, I remains positive with the market but I was also prepared to what gonna happen next.

Smack That Ace

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Quote from: kryptocanon on September 12, 2022, 06:53:41 PM

I am afraid Bitcoin might likely get to hit another low again as there is some bad news surrounding it, some not relatively direct crypto news but globe news. Examples are the ongoing war in Ukraine as Russia is likely to go wild, while on the other hand, is the CPI data yet to be announced by the US on cometh 15th of this month. Let's hope they both come positive.

According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.

It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.

kryptocanon

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I am afraid Bitcoin might likely get to hit another low again as there is some bad news surrounding it, some not relatively direct crypto news but globe news. Examples are the ongoing war in Ukraine as Russia is likely to go wild, while on the other hand, is the CPI data yet to be announced by the US on cometh 15th of this month. Let's hope they both come positive.

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