Will Bitcoin hit 2022 low again? - page 9.

GreatArkansas

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

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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?

For me, it will hold, the lowest price of this year which is $17,625.00 for me is just a wick from the strong support of $20,000 level of Bitcoin which I can consider significant support because this was the top of the previous bull run around 2017-2018. So for me, I will not expecting Bitcoin again to create another new all-time-low.

arufox

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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.

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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.

Sometimes a drop in the price of bitcoin is not necessarily a negative, I see more people expecting bitcoin to keep dipping more than expecting it to rise.

Given the world economic situation and rising tensions in Russia and Ukraine, I don't think we will have a bull season anytime soon, so we should be ready for the worse than expecting a bull market. We cannot predict how bitcoin will move this year but at $20k I see fit to buy and hold long term.

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After we entered September or 9 months and the price of Bitcoin was only 1/3 of ATH that had happened, I thought the price of Bitcoin would be difficult to rise, as happened in 2021, even I was very grateful if the price of Bitcoin returned to $ 30k because it would be Many Altcoins will follow the positive trends of Bitcoin.

Pejoh Asu

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Bitcoin's unique thing is that a negative trend occurs every 4 years, this is like being designed, but if you look at a very high marketcap the community is likely to be controlled, I once read the article that 85% of Bitcoin stock is controlled by around 500 people so that the price of bitcoin will depend on 85%.

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Quote from: Minecache on September 03, 2022, 06:01:07 AM

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.

Sometimes a drop in the price of bitcoin is not necessarily a negative, I see more people expecting bitcoin to keep dipping more than expecting it to rise.

Given the world economic situation and rising tensions in Russia and Ukraine, I don't think we will have a bull season anytime soon, so we should be ready for the worse than expecting a bull market. We cannot predict how bitcoin will move this year but at $20k I see fit to buy and hold long term.

For investors who have succeeded in selling Bitcoin at peak prices, they must consider the decline in Bitcoin prices not something negative,
because they can buy Bitcoin again at a low price. As for investors who buy Bitcoin at peak prices, of course the decline in Bitcoin price looks
negative and not expected. This means that depending on the situation of each person, so it is very natural that everyone will give a different
opinion about the decline in the price of Bitcoin. But many people agree that the Bitcoin price decline is only temporary, because Bitcoin will
always recover if the price drops.

So actually if we buy Bitcoin at peak prices we don't have to worry, as long as we don't sell Bitcoin at a low price and can be patient holding Bitcoin
until the price goes up again, looks like it could eventually turn a profit. So there's no need to focus too much on thinking if it turns out that this
year Bitcoin will still drop to a lower price, and we don't need to panic, we just need to focus on collecting more Bitcoins. So when the Bitcoin price
finally recovered and went back up, we can enjoy great profit.

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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.

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.

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Quote from: Lubang Bawah on September 01, 2022, 05:06:22 AM

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

Even though the price hasn't been able to go up to $25k yet, you have to be optimistic about waiting and buying more bitcoins because, who knows, there will be a surprise from bitcoin that could make the price increase higher. Month after month goes on and while no one knows when the price of bitcoin will start to increase, it will increase at the right time. Although selling pressure makes the price fall, the price can still increase even though it is not too high but is enough to take profits. And if you can repeat it, your profits will be greater. So stay optimistic and keep trying to make a profit.

mich

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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.

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Quote from: Lubang Bawah on September 01, 2022, 05:06:22 AM

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

What year is actually 20221? If you speak of 2021, we may not see that ATH of $68k+ (which has lost over 70% in dip now). If you speak of the ATH in 2022, we may easily get to that before the end of the year. You shouldn't wear a mournful look when it comes to price dip for Bitcoin. Times have proved how more reliable Bitcoin is compared to other cryptos. Stay positive and that's being realistic.

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Quote from: Lubang Bawah on September 01, 2022, 05:06:22 AM

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

It's now the first week of September. Bitcoin's market price is still pretty good as it's still trading at $20.1k. If the sales level is high in August, then in September the same thing will happen because of the needs that must be met every month. Of course we all hope that in September there will be something that can bring happiness to Bitcoin.

Bitcoin price update (2 September 2022) $20,176.51.

Lubang Bawah

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If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

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Quote from: EarnOnVictor on September 01, 2022, 02:02:35 AM

You have explained yourself well, and I like it. But gut feelings, instincts and the rest are alien to quality trading, you should avoid them. Yet, I agree with you that Bitcoin is under pressure, and this might remain till the end of this year.

I am very well aware of the fact that you can't trade on gut feeling or luck (its basically a gamble in that case) and that's why i gave up in trading all together few years ago and instead focused on hold and DCA which works like a charm.

Quote from: EarnOnVictor on September 01, 2022, 02:02:35 AM

You might want to be concerned if Bitcoin goes down below $17,000 this year. This means that it must have breached the low of June at $17,625, which is also the low of 2022. This will be disastrous for Bitcoin as it might be aiming for lower levels around $10,000 after this breakout.

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.

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Bitcoin development today continues to decline, has reached the level of $ 19,900, this indicates that the decline has entered a percentage from before, My speculation states Bitcoin this year's lowest level could occur 'yes' I believe the end of the year will experience clarity for the actual Bitcoin price, lows.

Mpamaegbu

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Quote from: EarnOnVictor on September 01, 2022, 02:02:35 AM

Quote from: Mpamaegbu on August 30, 2022, 06:06:27 AM

~snipped~

This will be disastrous for Bitcoin as it might be aiming for lower levels around $10,000 after this breakout.

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. Having watched what Bitcoin has become since coming into this industry, my opinion is that whatever price Bitcoin dips to it will surely rise and surpass its previous ATH. BTW, I don't see anything disastrous even if Bitcoin goes below $10k.

EarnOnVictor

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Quote from: TravelMug on August 29, 2022, 11:52:08 PM

Don't think that we will hit another lower low for this year, I think $17,500 is the bottom already for this year.

Did you consider the strong bearish signals on the monthly and weekly charts of BTC before concluding on this decision? Please, check. As for me, there is nothing encouraging a bullish trend for now.

Quote from: yudi09 on August 30, 2022, 12:26:31 AM

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.

Try to use higher charts for your analysis to avoid mixed speculations.

Quote from: Mpamaegbu on August 30, 2022, 06:06:27 AM

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.

You might want to be concerned if Bitcoin goes down below $17,000 this year. This means that it must have breached the low of June at $17,625, which is also the low of 2022. This will be disastrous for Bitcoin as it might be aiming for lower levels around $10,000 after this breakout.

Quote from: Rikafip on August 30, 2022, 06:50:21 AM

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.

You have explained yourself well, and I like it. But gut feelings, instincts and the rest are alien to quality trading, you should avoid them. Yet, I agree with you that Bitcoin is under pressure, and this might remain till the end of this year.

Quote from: Rufsilf on August 30, 2022, 06:50:55 AM

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.

I advise you to work more on your technical analysis, it will help you to be definitive in trading. It is strange to me to read from you that the market is unpredictable when I always know what the market does every day through technical studies.

You might want to be regularly visiting my topic on the daily speculation too: https://bitcointalksearch.org/topic/m.60805590

Don Pedro Dinero

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After testing this year's low, there were a couple of times when it looked like we were going to go down and pierce a new low but we did not. I don't rule it out as impossible, but I see it as very unlikely, as the price is cheap, and the lower the price goes below 20,000 USD the cheaper it looks, so more buy orders are triggered.

In any case, in the unlikely event that we were to break a new low, I believe that there would be a quick rebound to the 20,000 USD area or higher, because of the above.

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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?

My wish is for that thing not to happen. Keep the resistance at this level and promote Bitcoin more in different platforms so that it's value won't go down.
Because once another dump happens we can see a lot of negative speculations again and FUD will spread more.
This kind of outcome will not just affect Bitcoin but it will plague thru all the altcoins that is out there. So it better just stay on it's path while we are waiting for our economy to go back to normal or even just near it.

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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?

I'll go with a no.
2023 might not going to be bullish either (most likely) as the global economy is still suffering from brutal inflation. Once Bitcoin will have a recovery next year it would be more likely to just hover around $30k. However, Bitcoin could drop below $20k as well.
We can't really have a definite conclusion, but let's see what comes around for Bitcoin next year. We are just merely giving out our prediction base on the past and current situation.

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I'd like to believe the price of Bitcoin won't go below the support level, however we know in crypto anything is possible to happen and there's no certainty in every prediction.

So I would yes it can happen, it can go lower further because there's no happenings or news that can influence the price to move upward. There's still an economic crisis that can affect the people on their decision to invest in crypto since there are other things to be focus on. Anyway we still have few months before this year end so lets see if there's a huge changes that will happen.

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