Bitcoin Forum

The bearish crypto market that is dominating again has brought Bitcoin price predictions to fall to US$13,000. However, this could still fail even if the odds were low.

Veteran analyst and senior trader, Peter Brandt, has accurately predicted a drop in the price of Ether (ETH), to US$1,200, when the price was still around US$1,800.
Of course, this led his Twitter followers to glance at his predictions on the price of Bitcoin (BTC), which he sees has the potential to fall even deeper, to $13,000.

Bitcoin Price Could Touch US$13,000?

The crypto market has increasingly languished since the US central bank, the Fed, took aggressive policies in raising interest rates, quantitative tightening, and releasing assets such as bonds. This has further exacerbated the bearish flows created since November 2021 in the crypto market, whose relationship has grown stronger with the stock market as risk appetite has waned.

Investors are increasingly frightened by the prospect of inflation, even hyper-inflation, which sends a lot of money into the US dollar. The index of the US currency also shot to a 20-year high due to the Fed's aggressive steps.

In the midst of the sluggish crypto market, Peter Brandt, who is one of the most popular analysts on Twitter, has a new view on the price of Bitcoin.

According to his technical analysis, the price of this major cryptocurrency could fall to US$13,000, but there is still a chance it won't happen, even if the chances are slim.

I don't mean anything, I just wanted to ask all of you.
What do you think about this news?


   Source : https://blockchainmedia.id/harga-bitcoin-bisa-gagal-menjadi-us13-ribu-ini-syaratnya/

I recognized a while back we might get a push into 2019 prices with enough negative sentiment but its tricky to say for how long and with what volume and significance those prices would appear.   Its due to a confluence of factors such as FED tightening and the natural reflux from the 2020 exceptional measures, my personal take is this alignment will not last and we do not see a return to great currency strength witnessed in prior decades as we have progressed far beyond that situation & debt remains liable on short terms with that weight greater then any other factor determining currency as a denominator vs market values.
   
This is just a guess but Dollar Index appears to retract is how I view this chart below, if it should develop downwards and fail to move up further that would help confirm this moment as peak bearish pressure or peak Dollar strength.   Speculation is supporting the FED idea of raising rates but ultimately this possibility is capped, I have no doubt the ability to finance debt at higher rates does not exist.  However the mirage appears real and people are fearful hence we sell off, combined with war and many supply disruptions we are seeing market prices negative and volatility rising on trend.  BTC itself is not especially altered but DXY has not been this high in the entirety of the blockchain transacting hence its a real test of perseverance.
https://talkimg.com/images/2023/06/12/AsIQo.png

This place has become an echo chamber for bullishness. This year we will definitely see bitcoin prices below $13,000. In fact, by the end of this year prices will be below $1,000. I've proven it over and over using math and science.

The problem now is that nobody knows anything. In general, nobody can predict prices, because if they were able to do so consistently, they would become billionaires in a short time. But now with support breaking and with the economic situation we are in, it is even more difficult.

We are at a point where many of those who said: 'if bitcoin goes down to 20,000 USD I will buy a lot' have had second thoughts and are not buying because they doubt how far it can go down.

One thing that has been seen in this market is that there was a lot of leverage that has been liquidated in cascade downwards. This in turn causes panic and more liquidations.

For the sake of all of us who have some bitcoin, I hope the bottom is near but it doesn't look like it.

To be honest, I didn't expect Bitcoin will fall below $20,000 in a very short period of time but we are already $2,000 below the $20,000.
So for me, the $13,000 is now possible as it falls below $20,000.
Below $13,000 for me now is impossible already for me, I don't want to see any cheap prices experienced during last 2017-2018 bear market.

During a bear market, making a judgment that the price will drop at some point is similar to the goal that people used to expect when the market was strong. I don't feel too worried about how far BTC will fall now that we have entered this market. It has not only started in the last couple of years. How has the price turned out? Everyone knows. Getting to the popularity it is now has been a process with many problems, and I myself have made big profits with BTC, so I feel like now or in the future if BTC drops. Going deeper, they should also be well prepared to be able to buy and keep more of them later.

The average bitcoin mining has fallen sharply in 24 hours, so if this decline continues, it may mean that we are safe in the short term, but the next three months are crucial in determining the bottom.


Bitcoin Average Mining Costs: 20.7k
BTC/USD: 19.4K

• The Fed's decision in July will determine the trends of hot money that may push the rate forward or backward depending on whether the interest rate will be raised or left at current levels.
• The Fed's decision in August-September will determine the nature of stagflation.

If we can maintain levels from $20,000 to $30,000, then this means that the possibility of crazy rises to 50 thousand is still very likely.
Everything depends on the next three months, but for now, I don't think we will drop below 17 thousand.

Your math and science is at the level of children in kindergarten - repeating the same nonsense from year to year only proves that you are just a troll. Your sources in China and Russia are obviously of a different nature than you admitted to us.

In recent weeks, can often see the emergence of many threads with questions regarding what will happen to bitcoin price or at what level bitcoin price will stop. Most often, these questions bother beginners, apparently because they have a slight (or not so) panic from what is happening, but the old users remain calm and don't lose their minds and composure, judging by their comments.

Why not? I don't rule out reaching 13k $ price for bitcoin. Crypto community has repeatedly seen similar falls and old users are not emotional about this, because this has already become a pattern for this industry.

What do I think of this news? I think 13k $ would be a great opportunity to accumulate cheap bitcoin. Focus on positive opportunities, not negative thoughts.

The great thing is that popularity part. I mean back in the day when bitcoin was not so much known, the drops where very hard and recovery was very difficult as well, we needed so many people to push together to make it go up. Nowadays, from millions of people to companies and hedge funds and famous people pushing billions of dollars into crypto, all of that happens together and that is why it is easier.

I really hope that we could make it work eventually, and we recover but I will not be really shocked when that happens, it is going to be quite easy and wonderful to see. I am not saying that it will happen tomorrow, but with how many people and money involved, it will happen eventually.

It's funny that you touch base on bitcoin mining, because I have a speculation that the miners themselves are selling just to keep their operation going.


Right, anyone announcement from them will really after the market in a very negative way. Right now everything doesn't look good. Stocks and other traditional financial markets are being hit hard by recession.


We're bordering around $20k, it could be the support for the next 3 months and hopefully we will not go down below it because again, selling pressures will put the market on another precarious scenario.

Fortunately we are seeing a small recovery in the price of bitcoin and now the price is barely above 21k, however the recovery is too small and the bears could always attack the price again and make it drop at almost any moment, so it is important to keep watching the market and be on guard, because even if the 13k level may seem to be too far away this is not really the case because as we know the price of bitcoin can move incredibly quickly, however we should see this as an opportunity as in a few years down the line those which do not buy bitcoin now will probably regret it.

Honestly this forum is completely opposite of what it was 6 months ago.

Back then people weren’t sure if it will top at $100K, or $250K or $1M. Nobody assumed that $69K could be the top. Even when it topped people kept buying the dip at $60k, $50k,$40k,$30k, etc.

Now it’s complete opposite. People calling for $10K or $13K or even $1K. Everyone is bearish and most likely it means that we are very close to the bottom.

That's where we draw the line, when many people didn't really sure Bitcoin will reach x price and there's no many bad news, it's where Bitcoin will made new ATH. When many people really sure Bitcoin will go below x price and there's so many bad news, it's where Bitcoin is already on the bottom and we need to buy every dip that we can. People are to naive and only rely on the articles, the journalist and wise hand earn money, while the panic one always lose money.

Every market must have bears and bulls, so there is no failure in the world of markets, there are only changes in price from time to time, it is based on demand and sales, what is happening with Bitcoin right now, it should have been a price adjustment after Bitcoin found a new ATH yesterday, it doesn't matter Bitcoin reaches $13k, maybe you will be surprised when Bitcoin reaches a new ATH in the future.

I can only say that everything is reasonable and possible. However, I do not understand that some of those judgments are more helpful to those who are pursuing and looking for opportunities in this market. when they are confused with the exact kind of technical analysis news. And I personally find that even if it is lower than the current situation, many people's perception of how and whether the investment process should be reviewed, the price will always tell us the psychology of the market. This is not the future price that we tie ourselves to.

Fair enough and I actually used Dxy too when trading on BTC because they are inversely correlated to each other even before. Seeing DXY above 100 level is very unusual and which only means there is something big that will gonna happened on the US economy. This is indeed a waiting game but sure that DXY will correct below 100 level which is the time for Bitcoin to print again another bullish cycle. I didn't expect this will happened this quarter of the year so I’m expecting to see DXY to pump more because it already broke the 103 resistance that established since 2017. This will gonna be a long waiting.

As if do we really care? why not go directly drop the price down to 1k so we can purchase at least hundred of Bitcoin for Holding.

I don't know why people when the market is Hyping tend to ask for lower price but when the market fells badly like now? they are afraid of losing more .

Just focus on our investment and forget for a while with that attitude you will be safe from panicking .

You will be astonished how people can easily change specifically when it is something that has to do with money and when the market is bearish the song people sing changes to "when will the bullish start", "will Bitcoin downtrend to zero", etc.
But don't tell me you also believe in the ridiculous prediction of the Bitcoin market reaching $100K which will only happen in the upcoming halving.

My opinion is that this is not important, even if more than this prediction happened and the bitcoin fell below $13,000, it does not matter at all because it would be a good opportunity to buy more bitcoin. The long-term investor does not care about the decline of bitcoin, on the contrary, he will be happy with it because he will be able to buy more and increase his balance of the most expensive currency at the time when the weak hands give up their bitcoin, so this does not matter you have to buy more and just wait because the bitcoin will return again to its previous peaks and by then it will be too late and this precious opportunity has been missed.

In the same way that during last year's bull market, predictions were increasingly bullish, with the most exaggerated predicting $0.5M for this cycle, or rather supercycles, as the theory went, we now see the opposite.

I don't see it impossible for us to fall to $13k as things stand. What I do think is that if we drop to those levels we won't last long at those levels.

What is clear to me is that we will not beat $69k until the next cycle.

That's because of their awareness, when it's high they ask for low but after it's low they panic and want the price to go up but we shouldn't think too much of a failure but in a bearish trend this allows opportunities for holding.
More capabilities are investments from now on, type low prices and then forget about it for a while because this trend will definitely continue but for sure you already understand how the situation must happen, so don't panic.

We need vigilance in investing in crypto, so we really have to predict how deep Bitcon will fall during a bear market. Then when the bull market
also we have to predict how high the price of Bitcoin will rise. This means that there is nothing wrong if many people ask where Bitcoin will move,
so that they can prepare everything well. Because good investors always have careful planning and don't just invest in Bitcoin. So when Bitcoin
does not move as we expected, we are at least better prepared and not panicked, because we have made preparations beforehand. Based on
the analysis that I did myself, I predict Bitcoin is likely to drop to the price of $13k, so I've prepared myself if that happens. Most importantly
my advice when deciding to invest in Bitcoin we must be able to control our emotions. Don't let our decisions be influenced by emotions,
that's what ultimately makes many people make the wrong decisions. So we have to be calm no matter what happens to Bitcoin.

This is the most hilarious price prediction I have seen so far in this forum. Bitcoin to fall below $1k is quite impossible and funny at the same time to think of. Your math and science can't work in crypto, in case you don't know. Nobody has ever had the formula to ascertain the next price of bitcoin would be before and after the bearish market.

The possibility to freefall to $13k always there but not today.

We might stay a bit longer swinging from $20k to $21k now ... moving money from the impatient to the patient one and we will see later whether we are going bounce back to $40k or down deeper to $13k or even crazier lower.
Beating $69k might occured later in the next halving indeed.

It's not impossible that's for sure. The market sentiment right now is mostly negative, even if we consider how many people are actually thinking/hoping that there would be a bounce back after the drop to $20k, we haven't exactly seen it happen so we might not have bottomed out yet. If the constant sideways keeps happening though, I think the chances of us going below $15k would probably gradually reduce. We won't be seeing anything past the ATH ($69k) until the next ath though imo. And I reckon the next one wouldn't go past much $69k, maybe at most $100k.

Negative sentiment is still massive in various media, if there is a significant price drop then many media seem happy with this, investors panic and make prices continue to decline, maybe this year we will not see prices can pass ATH and we will probably be at the maximum level $40k.

assuming that bitcoin will fall that low,  what do you consider us to do? sell out all our funds and keep in Fiat/USD?

I think there are several situation that people here considers and mostly it is to either keep holding or take this advantage to buy more..

I am one of those who will wait for this dump and purchase more, Have been waiting for this so why not consider this as chance of a lifetime .

That is basically not knowing how the market works and that is the problem. When it is high, they see it doing great and they regret being too late, and that is understandable part. But the part where they do not know how the market works is the part where they panic when the price is low, that is not time to panic, markets go down and that is a natural part of economy. That is the time you should buy bitcoin, and wait for it to recover and it will do great.

I know that it is not going to be overnight profit, but it is definitely going to be a period where they will make a good return in the long run and that is a known established fact, and people who panic when it is low are the people who are not aware of the market too much.

It would be better if you could collect BTC in this bear market because the current BTC price is still low.
But we also hope the BTC price can stay at the current level and return to a higher BTC price.
If this happens, the price can start rallying again and we can get another big profit.
But we also have to be careful with the possibility that people will spread negative news about BTC.

Of course, everyone hopes that this doesn't happen, and I hope that Bitcoin won't fall below $13,000, the information I got about the Bitcoin price falling is only a temporary prediction, because no one can predict the Crypto market, especially bitcoin.

^ But I have a strong doubt that BTC will not fall down beyond $15k and will not reach $13k.
Look at the market now, BTC recovered slowly and I think a bull run will come, though it is early to celebrate I have a feeling that it will never go down again. The price of BTC was resisted and it will never fall back again. That is right, it is unpredictable but if you look at and analyze the future price fundamentally, it has a good position that BTC will the price went up.

Its perfectly reasonable that after rapid change upwards, we can see this price revisited under great pressure.    If I put the graph on monthly bars to reflect the longer term nature of BTC and its cycles, it becomes more visible and justified as a view.   If we have greater volatility we'll see a greater range appear possible, when we trend up it'll become tighter again in terms of the possible negative and positive price each month

https://talkimg.com/images/2023/06/12/AszR9.png

We’ll, I don’t see it happening this year but seeing how bitcoin price drops too fast, it’s very possible to go even below $1k. And it’s certainly the best price we have been waiting for and see everyone panicking to buy. However, bitcoin price will show signs of progress at first but later on, it will eventually drop again until we see it’s bottom price in the market. It’s just that everything is possible when bear season stays in the market and make people believe that it’s the end of crypto.

It's not something or agitation or argument, because the price of Bitcoin this time is something indifferent and we can pre assured that it will not exceeds or be greater than such price speculation. What i know is that nobody hold the base price of Bitcoin. Throughout 2022 we have been experiencing different price styles of bitcoin and it has been fluctuating. The surprising part of it, is the process Bitcoin clamps down to nineteen thousand and eighteen thousand (19k/18k) so their is every tendency that the price will still reduced. Because expecting bullish market it's by the ends of the year or the beginning of 2023

Realizing that market could recover is not really a shocking new thing, but many people have a big misunderstanding that it may never recover at times, and that is the part where it really shocks me. I mean people who were never interested in crypto before, could totally see it as dying and never recovering again and I would totally understand that.

But, people who have been involved and then see that it is not doing so well right now and think that it is not going to be that easy to recover? It is not going to be recovering at all even? That is something I could never truly understand and that is why it is such a horrible situation to be in. I personally feel like the best thing we could do here is to focus on how we recover, and not if we will recover, because we will do that for sure.

It's nothing new that we haven't seen before, the numbers are changing but human behavior is more or less the same - most small investors see Bitcoin as a means of short-term profit, and when we are in a bear market they are absolutely not interested in Bitcoin. Even if the price is 50% lower than now, I believe that few would buy, because the media would emphasize the negative news even more and talk about the end of Bitcoin, as has always been the case in the past.

How close we are to the bottom and whether we have finally touched it is impossible to answer at this point because we are facing very challenging times that some analysts say have not been seen in the last 40 years. Some things will be a little clearer as we approach the end of the year, and until then we can only watch the world powers trying to fix the world economy.

In a bear market he is making his predictions and you do not need him to understand if the current support level would not stand, the price would fall further, but it is impossible to say exactly on when that would happen but you can always speculate in context of the overall economic situation if there is a economic crisis it is possible that we would see the market going down further.

Anything can happen in the crypto world, especially when the market is sluggish and the bitcoin price is still stuck in the $21k-$20k area so far. However, if the estimated price of bitcoin will drop to $13k then, we will see another big dump in altcoins also occur and it is likely that many people will start to leave the crypto as a result of the losses they experience.

It is understandable that if everything in the economical world ends up going down (stocks, gold, houses, EVERYTHING) then it is normal to expect crypto to drop as well. However, since we are not regulated on the buying and selling part, so nobody questions if you would like to buy 1 billion dollars worth of crypto or sell it, and you do not have to answer any questions from anyone, that means we may not be straight forward.

This is why I have to say that this is the best case we could do right now and it will stay that way for a long time. At the end of the day we are going to have to learn to live with the fact that it's not going to be just go down and that's it, there will be ups and downs, hence why people are confused.

We are barely above the 20k level and if the bears can bring the price down below that level again I would not be surprised if we saw yet another bunch of people panicking and leaving the market, and while that would not be the worst scenario for us as it would be yet another opportunity to buy bitcoin for an even better price than the one we are seeing right now, there are many people which will lose money they will never recover and will probably think of this market as a scam, when the only thing that is happening is that they are simply unable to hold their coins during these difficult circumstances.

Today we deserve to be vigilant, 4 hours ago the price of bitcoin was still $20k, but now the price is $19k and is the fastest 5% drop in June, of course we must be ready if the price of bitcoin continues to fall, not ready to sell but ready to buy.

Even though the crypto market is still bearish at the moment due to inflation with aggressive rate hikes by the Fed, I don't see bitcoin price dropping to $13k. Indeed, the impact of inflation and rising interest rates has lowered the market. confidence, and drive the crypto market's negative performance so far.

This was a month ago post, but still good to look back that time as we have touch $19k. But now, its' gong to be a sideways patterns, getting strength around the $20k-$23k support, but we are trying to get to $24k in the last 3 days or so if I'm not mistaken but so far all attempts are failing.


We can't really say for now if we are not going to drop to $13k, that is a huge and massive downward spiral again. But we shouldn't be confident though, as you said, we are in a bear market and anything can still happen in this cycle. There are a lot of world events that are affecting the rest of the financial world.

so far Bitcoin is still at $19k strong support, and now Bitcoin is at $23k, and if analyzed, according to TA, Bitcoin will still go up at $25k,
 and after that it could go up, it could also go down again, don't focus on $13 k, because the whales have a plan

I always emphasize that we should not rely or depends on cryptocurrency because i believe that bitcoin price is not stagnant, and if anyone or anybody should predict the future of Bitcoin it should be directly from the benefit of his trade because i believe that Bitcoin price will under state of up and down. In which nobody will understand it's regulations.

I am happy to see this post and your opinion. I missed the early boat of bitcoin and even last year I knew bitcoin I tried making investments at the bull run but the market dumped on me and I sold on loses. This time around that I have known bitcoin too well, trusted it and have started buying according to my strength weekly, my prayer is always for bitcoin to remain below $30k till this year ends. Infact if bitcoin goes to $13k and below I will be very happy provided that it stays there for a long time for me to accumulate. Actually, this prayer is not favourable to the bitcoin community, but what I am showing is that anyone investing in bitcoin with long-term ambition doesn't care about parent day price.

The price is holding up nicely especially if we consider the crash we saw several weeks ago, however with the market ranging and the increase in the political turmoil we are seeing all over the world we cannot really discard the price could go down massively again.

Now 13k seems to be close to the absolute bottom that we could see, so I do not expect to see such price so soon and at most we could see it once we reach the capitulation stage.

The price that dropped down to $17k during the ongoing market trend reaching $13k isn't a big surprise. Same as that the price recovering after dropping low to $17k too needs to be considered. It has got the potential to come out strong as well as drop down in no time. This makes the prediction to be a tough task.

When you're getting into the market of is good to invest, taking into consideration the worst chance of down market. This will help users to stay strong and profit in all market trend out of the volatility.

I once saw price heading to that level but that TA has now been dislodged (it would seem) at the moment by recent news. To say the truth now, I remain skeptical on where Bitcoin price could be heading. I can only pick from a short term speculation but not on a long term until we get to October. Most of the things around Bitcoin movement should be taken from "history repeating itself" basis in alignment with TA, if one wants to remain on course. Based on that, we should be looking at October – November as favourable months for Bitcoin bull. Anything before then (from my perspective) doesn't confer certainty on price surge for Bitcoin. Maybe diving to $13k at the moment from where price is and all the fundamentals going on could be a tall order now.

I have to come back to this thread and see that we did actually exceed 105 on DXY and Dollar got stronger then this.   Now the high stated is the low we must lose to have hope of better BTC price action.  BTC doesnt directly mirror Dollar strength in a ratio 1:1 inversely but its a fairly good indication.  Both YEN and EURO remain weak with situations still possibly getting worse.
   All of this is face value, all 3 of those major currencies have large amounts of inflation and are weak vs real value but BTC is traded speculatively so it matters I guess.   We are in a battle.

That month has always favored us, specially leading to December. Speculations are investors receiving chunk of their bonuses are putting it to bitcoin market, thus there is a relief somewhat. And since we are in a bear market, short term + world economic will be the biggest indicator as where we are going. And so far it doesn't really look good and maybe we will nose dive to $13k if everything fiat is depreciating and the war is still with us.

You aren't alone with that but the whole world watches every movement of btc is making so we too witness it but the price didn't completely fell to 13k. The lowest that it get last time was only 15k something. It's not that the TA has been dislodge by a news but it was the movement of the price.

The truth is we don't really have an idea if where will the price exactly lead to but you aren't also lying when you state any numbers because here is cryptos, people are free to speculate. Looking back on the past is one of the techniques used in predicting if what will be the future movements of btc but indeed that it doesn't confer certainty.

You're right but what I meant by that was the change in price movement away from what TA speculated it would do. If it doesn't do it within an expected timeframe, I tend to see it as dislodged. TA needs fundamentals to drive price to its expected direction. It could be gradual or speedily. The analogy that best explains this is what happens when kids are sent on errands. Most of them don't head straight to the errand, they deviate on the way but will eventually get to it. For those who don't head straight to the point of errand, it's patience that can make it effective sending them on errand next time. That's what happens when price doesn't head straight to target in trading. It requires patience.

Bad things can happen, I hear bitcoin because many laugh when the price of dropping from $ 1000 to under $ 120 in 2014, but the fact is bitcoin can rise, in my opinion the condition used to be more difficult than now, and now there are many developers and users so that the needs of bitcoin will be Continue to increase, if later drop $ 13k then I will buy more.

Indeed, in the current crypto market situation anything can still happen. However I see it seems the price of bitcoin down to $13k seems difficult to happen. Moreover, in the last few weeks the price of bitcoin has started to be in the green zone where the price of bitcoin is trading again in the $24k-$23k price range.

What is clear, we all miss that moment, right? But indeed, no one can guess where the movement of bitcoin is going right. Maybe we can guess that the price will increase after this, but we do not know how long the increase will occur and how long the rising moment will last. I'm sure not only you that will use the moment when bitcoin drops to $13k to buy more, but people who already know and believe in the potential of bitcoin will use that moment to increase their bitcoin count, myself included ;D

I'd likee to hear what you have to say about level "$19k strong support" when mt Gox starts returning bitcoin to users very soon. https://bitcointalk.org/index.php?topic=5409673.0 - here is a discussion of upcoming events. If users start selling btc, then the $19k level may not be able to resist the selloff or even reach the $13k level. And if other factors affect the bitcoin holders, such as the beginning of the persecution of mixers - https://bitcointalk.org/index.php?topic=5409680.0, then the impact on the cryptomarket can't be predicted.

The ups and downs of the bitcoin price are caused by several factors which in my opinion bitcoin movements are not easy to predict, and many people predict the bitcoin price will go up and vice versa but sometimes it can turn things around suddenly.
I believe a lot of investors expect the bitcoin price to drop as you say to reach 13K to be able to collect more bitcoins, but in reality the bitcoin price did not reach that price and is currently holding at 23K and 24K and will even approach 25K.
doing DCA is still the best option until you feel comfortable enough and hold it in for the long term.

Now it's even very close to $25K, but I see Bitcoin looking a little difficult to get past $25K last month as well as earlier this month.
I am still very confident and hopeful in Bitcoin where the price can pass $25K, do you think Bitcoin can pass that price this month or next month?
Because I would be very happy if it could happen and will try to keep it up until the end of this year.

I still think they can get to $28k there but indeed these are some of the possibilities that I see regardless of what bitcoin is currently in a phase that is quite difficult to see movement.
They are currently at a $24k lift and indeed it's very likely that a $25k lift would be possible in the near future if not for an unbearable fall.

There is a more optimistic signal on the drop in inflation compared to last month, as well as ethereum's most anticipated event (the merger). It is clear that these are positive developments that are having a strong impact on the market. I think we will see more green market this month and the possibility of bitcoin hitting the high is $27k-28k. What will happen after that, we will continue to wait for news from the world economy, it is unpredictable.

There is a very good chance that bitcoin will cross $25k at some point as we are very close to it. In terms of the possibility of the price dropping to $13k as predicted by the OP, it seems very unlikely right now, and things seem to be trending in a positive direction.
Hopefully from now to the end of the year, we will see more new gains and a significant recovery of the market, although the market is always volatile and extremely unpredictable.

At current condition its really most unlikely to happen because we are now seeing some green lights on the market so most provably many speculators will not see any negative marks towards current condition also no fuds are now bothering that's why we can maybe expect that market will go stable or even have a series of pumping maybe at this quarter. If there will be more positive news will came maybe we can see the price of bitcoin fully recovers.

$13k? I don't know, but I'm sure it won't go down there, because liquidity and investors in Bitcoin are different from before,
where many countries have now adopted Bitcoin. so maybe the whales will also do something that will change the price of Bitcoin to $30k,
and then dump to $15k, maybe   ;D

I think seeing a positive trend will occur considering the market is still moving in the direction of the most trending, but for the fud trend I think it's still there but recently there have been some positive news that made the price better that makes me believe bitcoin will continue to grow even if it's a bit slow or there's going to be a bit of resistance later, didn't think 13k would be that hard and I even forgot about it because for me it's not going to happen.
But about a series of other speculators there are still some trends that mention negative and positive but I will take it from the good side to believe bitcoin is stable.

Hopefully, the price won't go down to $13k again and just stay at the current price. Those investors want to buy bitcoin at the lowest price because then if the price starts to rally and rises higher, they will be able to make huge profits. We, as small investors, may not necessarily be able to get very much profit, but we also have that opportunity. And with the increasingly difficult to predict the price of bitcoin, it will always be a challenge for us to try to find loopholes that we can exploit for our benefit. DCA can be a way for us to have a bitcoin investment even though we must carefully analyze bitcoin price movements.

I even like Bitcoin dumps of up to $13k, because the cheaper it is, the more I buy,
and of course altcoins will also get cheaper, maybe ethereum can go up to $500 again haha.
yes but I know that it's just a dream, and I'm also sure whales won't give you a cheap price

You are right, it will be very good to see BTC at $13k, we will buy as many as possible if it really decreases to $13k. But since the current price of BTC is already around $24k, it seems difficult to see BTC price below $15k. I even think that BTC price won't drop below $2ok again. Moreover, if there is more positive news related to BTC and crypto as a whole, the price of BTC will continue to increase gradually. It can pass $25k in the near future, but it also can drop to around $20k again if there is big FUDs.

Buying Bitcoin at the current price is very good, moreover being able to buy Bitcoin at $13k would be much better. Because we can make
a very large profit if we manage to buy at the price of $ 13k and then after that we hold until we reach new ATH. But as you said looking
at Bitcoin's current performance slowly rising and trying to rise above the $25k price, it seems impossible to expect Bitcoin price to drop
below $20k any time soon. I even predict the price of Bitcoin can reach $ 30k this month, I hope my prediction comes true.
So I can sell some of the Bitcoin that I have, so when the Bitcoin price drops again, I can buy more Bitcoin at a low price.

Buying bitcoin when it is so cheap compared to its all time high is always a good option, now as you may guess it is optimal to buy it when it reaches bottom but very few people are able to do something like that, fortunately it is not really necessary to make profits, as long as you are able to get some bitcoin for a good price that is more than enough to produce profits during the next bull run, the only problem is that we are very far away from that happening and a lot of people could sell their coins for a bad price before that bull run comes and lose money due to their lack of commitment to holding their coins.

I thought this could happen thats why I maintain some USDT to wait converting to bitcoin from my Binance account but sad to say? it does not happen because after 17k lowest?
bitcoin starts up now and yes we are seeing 25k but small dumping to 24k this time.

but do the price will really fall down ? yes but 13k? i dont think so..

Well I almost thought of this coming when i See the price went down to 17k and lowering but after this recovered and now seeing it again going to at least closer to 25k? maybe there is no chance this year that 13k is possible , lets see in the coming year as we are still un bear years because 2025 is the time where the halving season is awaited to bring increase and another Bull may come.

Seemingly that this speculative thread is a failure and need to be locked, Bitcoin had grow from the lowest at least 17k and now increasing to 24-25k usd and this seems to be the signal of increasing market.
I believe than 13k is the estimated fall but will never attain this year.

If you are a truly and believing bitcoin then you'll take this chance to invest than to spread FUD.

I think that if the price of Bitcoin drops to $ 13k then everything will be normal, I used to think the price of Bitcoin will not recover because it drops from $ 19k down $ 3800, but it only takes 2 years to cross the price of $ 19k, even the Pope is more happy if the price of Bitcoin can drop under $ 13k.

Be patient, there is still a long way before the next halving comes, so in my mind it is entirely possible that we are going to see another decrease in the price of bitcoin, now I do not know if it is going to reach 13k but the price will surely go below the 20k support level, so you are going to have an opportunity to use the USDT that you have been saving and get bitcoin for a good price before we get to see yet another bull run take over this market.

But I guess you don't need to think buddy for this is very unlikely to happen now. We have passed already the bottom and that $13k is too low to consider being in this situation, especially this time where there is an increase in demand and a growing number of users. It was just assumptions that were bound to fail as it possibly no way we fall that low.

Checking on the price trend, it is getting clear to us that the market is stabilizing above $20k, a good sign for no more huge dumps but gonna be a sort of recovery.

We should always assume about probabilities yet we didnt even expect for the price to go below 20k or exactly 17k all time low on these days specially that we do hit the ath of 69k which is almost breaking
that 70k barrier but look at on where we are now? Whether we do fall or not then its important that you should really know on what you are doing with your investment decisions.
Market is unpredictable thats why you should really be that versatile from time to time.

If bitcoins price dropped into certain low levels then you should really be that mindful on having those funds for reserve on buying back with those cheap prices.

Yes, considering what's happening, there is not a chance that the price will go down to $13k. But I think the crypto winter is not over yet, there is still a possibility bitcoin will have another drop at the end of the year or maybe Q1 2023, it is possible that the price will go back below $20k but not below the previous low of $17k. Everything depends a lot on the world economic situation so it's hard to say exactly what will happen next.

You are right. BTC is not likely to come down that much if the global economy is stable. But that cannot be said yet because the Russia-Ukraine war is still on going. If inflation does not appear again in the global economy, we will soon be in a Bitcoin bull market again. Considering various aspects, I feel that the market may be slightly uptrend towards the end of the year.

you mean Bitcoin will drop below $13k....

Honestly, I've never come across a Bitcoin predictor, they guessed accurately and on target, even though Peter Brandt.

The crypto market today has experienced a decline in Bitcoin at $21.4k, is this a sign of something we don't know yet, many speculations say that Bitcoin can at least reach $10k, but it can't be justified, just a prediction.

I believe, Bitcoin this time is only plump at the point of $15k, that's the bottom, that's my prediction.

Yeah, because no one can really guessed it accurately, but the thing is that there are some tools that can help us though, to help us make a 'educated guess'.

In the last 24 hours, I was surprised to see a huge decline in the price again, from $25k->$23k and now $21k. I haven't check the news though, maybe there could be some negativity lately that could have impacted the investors mindset again.

Anyhow, we will see if we will touch $13k or not, that is too low, or that decline could be in the 80%++ from the previous all time high.

Believe it or not, the price of $13k is indeed difficult for us to know but the fact is that now the bitcoin price has dropped again so suddenly and there is a possibility of under 20k in the next 1 day, could it be that low from the previous ATH?
Usually, if the price goes down, there is always negative news that affects investors' patterns a lot so that some sell it, I myself haven't been looking for news about why the price could go down again, even though it's still bearish, we still have to know about this effect.

There are sad and happy if bitcoin to $13k,
When $13k we can buy lower a lot is earned, but other people who buy above $20k or more they drop it is unimaginable.

We are almost certainly going to feel a little bit of downside pressure in the coming weeks.  How low it goes is anyone's guess really.  I'm not super worried about that because I think once this final dip is behind us, the market is going to reward those who held onto their coins.  One more new low, then off to new highs.  It may take a couple of years, but I think the future is bright for the BTC price.  Just stay calm for a month or two.

I think yes, it needs to touch. In other words, if we are expecting a healthy rise, I think it is right for it to go down to these levels. After getting to this point, the whole cryptocurrency market will breathe a little bit easier. So most altcoins are still at higher prices. Why should I buy them here when they should fall further or when I can buy them at lower levels and hold them for a long time. We can see first 18 thousand dollars, then 13 thousand dollars.

It is going to be interesting to see if the price actually goes that low, right now the price is going down once again but it refuses to go below the support level of 20,000 however I have no doubts at all that the bears will try everything they can so that support is broken, and this is because they know that if that happens a new round of fear and uncertainty will sweep the market away, and not only that, they will get a huge opportunity to make money when bitcoin goes down but they will also be able to buy it for a very cheap price and reduce the average price at which they bought their coins as well.

bitcoin had previously dropped to $17k due to the luna crash causing panic in the market, but then bitcoin went up to $20k and stayed there for a long time before moving to $23k and quickly then to $25k. unfortunately, it didn't last much longer and was adjusted shortly after

yesterday, bitcoin dropped quite quickly to the $21k area and it remains above $21k for today, it is very difficult to predict if it will drop below $20k again or not, but $13k is a level I don't think is possible
the worst cases have passed so there is no reason for bitcoin to drop to that level

It is interesting that people are forgetting that US dollar has been dumping over the past 6 months and due to the inflation everything including bitcoin should go up against dollar. The only reason why it is still struggling to break $25k is simply due to 2 reasons: weak hand's uncertainty and market manipulation.

For price go lower against dollar, either US economy has to fall apart or dollar has to strengthen (deflation) which is not going to happen considering how much of it they've been printing nonstop.

Bitcoin price $13k which is not relevant. If it is happen with btc then it is not possible to imagine how many years the market will be in bearish. As far as I know, $17K is a big resistance if it breaks again, the market can go on a large dip. However, I am sure that ordinary people will try to hinder Bitcoin in their account if it is worth $13K.

You remember that he managed to come back here again by getting a reaction from around 17 thousand 500 dollars. Since it is experiencing an uptrend by getting a reaction from here, I think it will test this place again in the near future. If long positions accumulate again after that, we have a high chance of seeing a decline again. This time we will have a higher chance of seeing 13 thousand dollars. Of course, that's my opinion. Time will tell us whether it will happen or not. This is the scenario in my head for now.

13k would really be a very harsh drop to say the least. I believe that buying pressure would significantly rise the more we approach the 10k USD mark. A while ago someone posted a graph that showed how the relative pullbacks from ATHs declined over time. If we were to see 13k USD that would represent one of the biggest drops in Bitcoin's recent history. The first two to three years were a permanent roller coaster, but it seemed that the drops were less significant over time. Nos with institutional money also looking for smart entries and good timings, it would require them to stay quite passive when Bitcoin would drop all the way down to 13k. We will soon find out I guess but for now I think it is a more realistic scenario for Bitcoin to hold the 15k mark at least.

As I said, it will try the first 17-18 thousand dollars range. Right now the market is green but I think it's fake. Soon the journey towards $18,000 will start. I don't know the average cost of corporate companies, but I think mtgox will distribute 140 thousand btc towards the end of the month. If it is true, it is already possible to see 13k dollars.

It has been a topic for a while now but I think that a lot also depends on the decision of the people who will soon receive their Bitcoin from the Mt. Got hack. I think that the amount isn't sufficiently high enough to crash Bitcoin's price brutally, but still high enough to send it South quite a bit.

I believe it must be quite tempting for people to take the profits. Considering that they had to be afraid for so long to not get their Bitcoin back, it is now even more attractive to realize profits immediately upon return of their funds. It is essentially an automatic profit and should also be tax free in some jurisdictions.

Now that we are so far away from the ATH many of those Mt. Gox victims might also be tempted to let Bitcoin climb back up as they see the potential in it. But I would expect the majority to sell.

What I want you to understand is that everybody have its principal and it way of understanding how Bitcoin will arise and how Bitcoin will fall. so it is depending on the the instrument a used for analysing devalue or the validity of cryptocurrency. I believe that everybody have it reasons of analysing the falling and the rising of Bitcoin hold the predictions is not what everybody believe. As investor you most ensure that you read your own chart to understand exactly when it will rise

The Mt. Gox coins might be the pressure for the market in the next coming weeks and hopefully it will not be worst as we expected. But I do agree that the lowest low might have been hit this year already, although the price of bitcoin might just be hovering above it, most likely in the $21k-$30k range (lowest low is $17,500). And again, this could be another great opportunity for us, $21k is still very attractive price. So maybe for some of us, we can remain calm till the end of the year, specially those who know how to take advantage of every dip in price.

well it may or may not  but what is important here is that the advantage of buying in lowering market than in climbing  , I know that we are heading for another Bear market as this is still a dumping year before halving , but like what I said? i still have some funds in my USDT that only waits for conversion to bitcoin anytime the market shows bearishness again and dumps below 15k this time.

Definitely each and everyone of us has our own understanding on how bitcoin works, that's why it's best to hear both sides, specially if you are on the other side of the spectrum.

Just like what this discussion his, before we never thought that bitcoin after reaching a new all time high of $69k will go below the previous all time high, it hasn't been seen before in bitcoin young data. But since we have touch $17,500 as our lowest low, probably there will be individuals who might think that $13k will be the bottom price.

Although we all believe the price will not return to $13k, it still has the possibility of a sharp decline, especially if many bitcoin holders are panicking, seeing the market trend being influenced by negative news. We have also seen what happened when the price could hit $69k a while ago and at that time, we expected the price to go higher but in reality, the price went down sharply and even we saw the price was once at $17k. Therefore, whatever happens to bitcoin later, we don't need to panic; if the price decreases, it will be our opportunity to buy more bitcoins.

Bitcoin has repeatedly been doing the same after sharp price rises. It corrected. The difference being that a correction in Bitcoin means a massive movement in price. The volatility is higher on average than in other asset classes, of course depending on what you are trading.

My guess is that Bitcoin didn't drop so low from 69k because the masses lost confidence in further price appreciation. I think we reached a point at that time where large holders, institutional holders might have decided to take some cash off the table. During those rising prices the difficulty also increased and mining facilities might have decided to invest even more into hardware. At a certain point they are literally forced to sell some of their holdings in order to not run into financial deadlocks (as some indeed did).

So big investors taking profits, mining facilities and exchanges taking profits, and miners taking profits created downward pressure and that is when the retail market becomes sensitive to those price developments and starts panicking as well.

The accumulation process in Bitcoin continues.Normally, I think we should be seeing $17,500 now, but market makers seem to be waiting for something.A sharp move up or down is possible. It would be very risky to take trades.I hope we fall to 13 thousand dollars. That is my hope.

Lots had been hoping that the price would be shooting up since we've been sitting low for a while now and without any signs or sentiments that might push up the price into higher level.

If ever the price drops on 13k then i had already prepared myself into these kind of possibilities but it seems that there's a solid support in between 17-18k levels which means that whenever we do see

that this support would be broken then there's a high chance or most likely we will be seeing this 13k but for now everything is still speculation but its not bad
to make yourself that prepared most of the time.

The first range he will try is already between 17 thousand and 18 thousand dollars. Yes, as you said, there is a nice support here. If it breaks, 13 thousand dollars will be inevitable. The market has been stable for a few days now. A sharp move is possible with any news. The Fed chairman's speech today will more or less determine everything.

Who is manipulating the market for God's sake? What is happening with Bitcoin is pure economics and it is good that you know that the USD has to drop for Bitcoin to rise. The whole market atmosphere needs a change of sentiment from being risk averse to risk appetite before it could rise. But inflation will not let this happen for now. Also, the printing in the US is moderate compared to the last 2 years and it won't be a major factor in pulling down the risk-off market like the USD for Bitcoin to rise.

You are right, a lot of these people crying foul here have converted their BTC into USDT and other stablecoins waiting for the Bitcoin to rise. This is not helping, and as the crypto drops further, more panic withdrawal would happen and it would pressure it further. To further with, no impactful news is holding Bitcoin down, it is mainly the impacts of high inflation, negative speculations and more expectations of the rate hikes by the FED this year. The global economy is not helping either, so it might take time before the bulls shine again.

I always tell people that they should not hope but rather speculate through viable trading analysis. Nothing is hopeful in the buying of Bitcoin as of today, and as a fact, it is more bearish as the daily chart bearishness is agreeing with the weekly chart's overall bearish trend. I'm afraid, this will keep the price of Bitcoin down till next month.

Many posters on BTT are peculiar with the $17-18 level, and this might be happening in the outer world as well. So, per virtue of my trading experience, sellers would be building up at that level. To be specific, the main support is at 17,626.00 (June 2022 low), a break below it might not be funny as it might make Bitcoin slip down to below $10,000 if care is not taken.