Will Btc get to $12k or $10k - page 12.

BobK71

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Quote from: Abiodun20 on January 15, 2023, 03:10:30 PM

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??

this should be a mini pump
because Btc is resting at a critical supply zone. If it breaks and close above it, we may not see 12k. If not 12k here we come

Bitcoin has been bearish since 2022. Bitcoin hit all-time lows after Luna and FTX scams. Since last year till now the impact of war has led to economic recession. But this slowdown is now the biggest problem for cryptocurrency development. Bitcoin may not return to this position if this downturn is overcome. Many thought that Bitcoin might go deeper again. Some people think $14K or $10K, but none of these are true to Bitcoin. Bitcoin has started to turn bullish again since last week. Now it is around $21,000 per bitcoin if this trend continuing then with in next week bitcoin may reach at $25000 or more that will be good sign for bitcoin.

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Quote from: uneng on January 16, 2023, 12:14:49 AM

I risk saying it won't. It's just a personal prediction which can be right or wrong, but it doesn't look like Bitcoin can retreat to that point anymore, unless another FTX scam happens this year.

Even during its worst moment last year Bitcoin didn't fall to that price range.

I'm being careful with such chaos' prophets, because they can be actually whales manipulating other investors. So you wait BTC to hit 14,000$, it never happens and they buy the dip as soon as BTC hits 16,000$-18,000$, which immediately returns to above 20,000$, and you stay out of the party...

We have just passed more than 16 days of 2023, which means there is still a long way to go to the end of the year, so it cannot be said that 2023 will be better than 2022. Predictions may be right or wrong, there is still a chance for bitcoin to fall again. Bitcoin is still affected by the economic situation, although inflation has decreased, the Fed has stopped raising interest rates, but many countries' economies have not yet recovered, so it is difficult to be sure that 2023 will be better. I'm still cautious with the market even though bitcoin has crossed 20k, I still don't believe bitcoin has really bottomed out.

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Quote from: mk4 on January 16, 2023, 12:33:55 AM

Not saying that it will not happen because it's definitely unlikely, but it's absolutely very possible. Take note that $10,000 is merely just approximately 55-60% down from here. If there's something I've learned about bitcoin after 7 years, it can definitely surprise people — both in the upside and the downside.

It is true that the price of bitcoin can be very volatile, see when it was falling from $40000 to $17500 in few months ago, it took only short time. But $15400 is a price that the bears will lose more because most people are not selling. Even if the price go below $20000 again, it is not going to fall below $10000 is what I am thinking.

Quote from: Rikafip on January 16, 2023, 02:49:13 AM

Many (read almost everyone) said that bitcoin won't go below previous all time high just because it never done that before, and we can see how that prediction ended up. Many things can happen to drive the price below 10k, like for example Binance or Tether going down (and there is always a chance for that to happen) which would almost certainly drive the price below $10k, and probably even much lower than that.

Bitcoin decreased below halving price but its reducing adoption volatility is still there. In the first halving, the volatility from ATH to lowest price at that time was 100x, in the second halving it was 33x, in the third halving it was 6.4x, in the fourth having, it is 4.5 now. What I know is that the volatility is decreasing and that it is like bitcoin still mimics the last time halving 4 years period which makes many speculation we make monthly to be almost accurate.

Rikafip

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Quote from: Oshosondy on January 15, 2023, 03:49:06 PM

Yes but bitcoin is not going below $10000, even bitcoin may not go below it lowest price last year again which is $15400. Bitcoin may decrease back but not going below that price and what we are going to notice later on is that the price will reach ATH.

Many (read almost everyone) said that bitcoin won't go below previous all time high just because it never done that before, and we can see how that prediction ended up. Many things can happen to drive the price below 10k, like for example Binance or Tether going down (and there is always a chance for that to happen) which would almost certainly drive the price below $10k, and probably even much lower than that.

DevilSlayer

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What happened in the price of bitcoin in these past weeks is not just a mini pump or mini rally, it can be considered as momentum reversal where we can see a new market season again. It's been a year of bearish market and finally we will see some bullish market again but we should manage our expectations because the price is not always going up, it is normal for the price to do some retest and retracement. As for now, the possibility of the bitcoin will go back in $10k - $12k has a low possibility because the bottom is finally formed where we can ensure that the price of BTC can consider as healthy if it holds at $18,000.

The possibility of going back into $10k - $12k will only become high if the price of the bitcoin did not hold and breakdowns at $18,000 and below. As for now, a lot of traders and investors are glad to see that the market are turning green again. We can get a lot of opportunities in this kind of market so it is better to train our skills in making entry and exit in the market.

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Quote from: mk4 on January 15, 2023, 03:16:24 PM

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro

This is just suggestion, we might indirectly agree that it will make well this year, but not hundred percent, [100%] sure of Bitcoin accelerating to the extent of meeting to point the price started dropping. I think last two years the price of Bitcoin was in between the point of sixty three thousand (63k) and if bitcoin to reach that point again i think many people will be happy. At this point saying Bitcoin will reach five hundred thousand to one thousand (500k -1000) i think it's base on assumptions, because nothing has shown or indicates that Bitcoin will get to such before this year runs out. We are at the starting point of the year 2023 let us check what it can yield.

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Quote from: Oshosondy on January 15, 2023, 03:49:06 PM

Yes but bitcoin is not going below $10000, even bitcoin may not go below it lowest price last year again which is $15400. Bitcoin may decrease back but not going below that price and what we are going to notice later on is that the price will reach ATH.

Not saying that it will not happen because it's definitely unlikely, but it's absolutely very possible. Take note that $10,000 is merely just approximately 55-60% down from here. If there's something I've learned about bitcoin after 7 years, it can definitely surprise people — both in the upside and the downside.

uneng

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I risk saying it won't. It's just a personal prediction which can be right or wrong, but it doesn't look like Bitcoin can retreat to that point anymore, unless another FTX scam happens this year.

Even during its worst moment last year Bitcoin didn't fall to that price range.

I'm being careful with such chaos' prophets, because they can be actually whales manipulating other investors. So you wait BTC to hit 14,000$, it never happens and they buy the dip as soon as BTC hits 16,000$-18,000$, which immediately returns to above 20,000$, and you stay out of the party...

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Quote from: Abiodun20

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??

I don't think, investors will experience more dump in this new year because there are some signs in the market that showed that bullish is about to remain stable so that those that purchased Bitcoin few months ago can use this opportunity to release them to the market to make a good profits that will put smile on their faces. The last bottom was $16,232 before we crossed over to 2023 and the price has pump to $21,0431 in this month of January for those waiting for the price of Bitcoin to drop down to $12,000 or $10,000 to believe that the bullish season has come for those that invested well to exercise patience for the price to hit their expectations before they can visit the market.

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The market always has two sides, the bears and the bulls. The bears will always want bitcoin to fall back and fall as deeply as possible, while the bulls will always want bitcoin to bounce back and hit new ATHs. So, there is no one accurate prediction of the bitcoin price or market movements. There are no experts in the market, we are all the same, and our predictions may or may not be correct. You should do your own analysis, don't invest according to someone's predictions.

Oasisman

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Quote from: Abiodun20 on January 15, 2023, 07:03:22 PM

Quote from: Rikafip on January 15, 2023, 03:27:56 PM

Let me check my crystal ball and I'll get back to you. Cheesy

Joke aside, no one knows the bottom (or top) and those who think they do (like those people you mention) are full of shit and you shouldn't listen to them. If you are asking about the bottom because you are waiting to invest, I think that you consider DCA investment method so you don't have to worry about tops and bottoms and instead focus on acquiring more bitcoin. On the other hand, if you are trader and you came here to ask us where it is going, then I would suggest you that trading is maybe not for you.

Exactly my point

though, am not a trader yet, still a student learning, and still early in the space

As early as now, you should be having Btcs while you're still a student. The world after being a student is so cruel and you might not want to work for an inconsiderate company.
Right after you finish your studies, those Bitcoin you have accumulated today, while you're still a student will help you build your own business.
As for the BTC price concerns, DCAing is the perfect investment entry plan.

adaseb

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It seems like this is similar to what happened exactly in 2018…2019. We broke support in Nov 2018 and we traded sideways until April and in April we had a 25% week just like last week.

So if history is any indication we bottomed at $15k. Will probably pump to some number like $30-40K and then head back down and trade sideways again for rest of year.

Abiodun20

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Quote from: Rikafip on January 15, 2023, 03:27:56 PM

Let me check my crystal ball and I'll get back to you. Cheesy

Joke aside, no one knows the bottom (or top) and those who think they do (like those people you mention) are full of shit and you shouldn't listen to them. If you are asking about the bottom because you are waiting to invest, I think that you consider DCA investment method so you don't have to worry about tops and bottoms and instead focus on acquiring more bitcoin. On the other hand, if you are trader and you came here to ask us where it is going, then I would suggest you that trading is maybe not for you.

Exactly my point

though, am not a trader yet, still a student learning, and still early in the space

Shinpako09

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All the so-called callers/experts or known personalities giving prices are just speculations, nothing else. "Speculation - the forming of a theory or conjecture without firm evidence". Anyone can do it, giving wild guesses out of nowhere. They ain't a time traveler. Some are doing it on purpose to make worries from weak people and sell their assets so that they have the opportunity to buy at a cheaper price.

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Quote from: Abiodun20 on January 15, 2023, 03:10:30 PM

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??

What I've seen lately is a price increase in Bitcoin and not a dump, so it could very well be that $15.4k was the lowest price in Bitcoin in the last year and it's also very possible for Bitcoin to move upwards on a gradual increase, so there is no need to believe the caller because maybe they just want to create panic in some people so he can buy Bitcoin at a lower price.

Quote

this should be a mini pump
because Btc is resting at a critical supply zone. If it breaks and close above it, we may not see 12k. If not 12k here we come

I also don't think about $12K coming, because yesterday I already saw $21K in Bitcoin though not for a long time. This means that Bitcoin has the potential to get a bigger fix this year than a drop in price although it is still very much a possibility.

Popkon6

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Different experts make different comments. Many experts have pointed out that Bitcoin will be dumping at $10k to $12k. But nowadays it is completely opposite. Because the price of Bitcoin is still going up.
It is normal for Bitcoin prices to go up and down because now is a great opportunity to invest long term. Here if you want to do trading then you can do trading for part time period. But you can't ignore these things when it comes to where Bitcoin is headed. Currently, the Bitcoin Bitcoin momentum is upward.

STT

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A general rule you can take is that the lows matter far more for prediction and accuracy then peaks and this is true on every time frame. A pan that froths over may be found to be only half full, it shouldnt be a surprise that both conditions can be true. BTC to me resembles a commodity market where sharp moves are normal and volatility is not an exceptional situation. The problem with measuring low prices here is it will take time, confidence builds more slowly then speculative trading which spikes and then can lose half or more of its gains.
For 2023 its a revision year imo, we will revise all of the 2022 prices. Dont expect too much more then that, my rough estimate back in April was 2019 peak prices for a future low and I didnt think that would happen just that it could and more or less we did something close to that. BTC is doing fine imo long term its most important movements are year to year.

Abiodun20

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Quote from: mk4 on January 15, 2023, 03:16:24 PM

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro

what...... 😄 let see what's going to happen, don't think, that's gonna happen this year

Ryu_Ar1

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I don't like to speculate on this because I'm just going to continue to enjoy the current flow, whether it's a temporary increase like now or it does come back down to the price you said I don't really mind about that at the moment. Instead of speculating on very old stuff I prefer to focus with my DCA on this as I really think it's still very useful to me. because at this time, rather than waiting a lot, it's better to buy a lot Cheesy

Quote from: mk4 on January 15, 2023, 03:16:24 PM

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro

Quote from: Rikafip on January 15, 2023, 03:27:56 PM

Let me check my crystal ball and I'll get back to you. Cheesy

btw I am amused when I read this lol

Casdinyard

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Short answer: We don't know

As it stands today, bitcoin may have recovered a fair bit of its valuation from last year's collapse, sitting at a snug 20-21k just around yesterday. Although this may change in the coming days for the better or for worse. All in all, we can't really tell if bitcoin is going to drop to one lint a piece or if it's going to reach its ATH. We can only predict. 20k may seem reasonable now but without proper reason for it to be valuated, it's going to drop real soon anyway. As of now no good news has come around for bitcoin's value to soar up so best we stay put and updated.

Topic: Will Btc get to $12k or $10k - page 12. (Read 1961 times)