Bitcoin Forum

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

Bitcoin was built to retain its value
Fiat was built to be abused and inflate

Bitcoin isn't going to go down to the 1k levels. Most financial analysts have no clue on crypto. Usually they give a low figure because they don't want it to succeed...

But isn't Crypto and bitcoin coupled with FIAT?
if you compare the chart of NASDAQ and Bitcoin, you will see a stark similarity. The analysts who are bearish on crypto right now, are also bearish on the macroeconomic market.

"FIAT was built to retain its value
Crypto has been rebuilt to be abused and inflate"    :(

I doubt that even the worst recession can drive Bitcoin to $1,000, in fact no external factor can do that. Only some major internal weakness, like a succesful and devastating attack on the protocol can do that. Also, Bitcoin isn't strongly coupled with global economy - it generally shows short-term correlation, but then continues to have its own price movements, which often offset the losses from mainstream market panic.

No analyst will say bitcoin price will plummet to $1100, only bitcoin critics can say that, the critics will even say bitcoin will become worthless one day, but bitcoin has been getting more value in long term.

The lowest price bitcoin analysts have predicted lately that I know about is $14000.

i am with you on this one. diving to $1100 level is quite hard to think. unless, there is devastating news that we are not ready of. though everything is possible to happen but we need to look at reality here. as the community is growing fast, i don't think we will see a very low price level of btc. if that happens, i will be thinking of the future of crypto market.

Are you sure there are really many views that analyze Bitcoin's value to be falling to $1,100? I personally haven't encountered even one view that has this analysis. Who are these so called financial analysts who foresee Bitcoin falling too far down at $1,100? My guess is that they are either Bitcoin critics who have always been perma-bears and who wished that Bitcoin turns to zero or they are traditional financial analysts who know nothing about Bitcoin.

Lol, if you believed this so called experts and financial analyst, then I guess you will lost some money here in crypto market. And just like you and me, you can make you own and wild educate guess. There's no question that the world is in recession that's why all market has been affected.

But as far as bitcoin market goes, we are in a bearish market, meaning the price will really have to go down very hard. So we have the wait for the halving in 2024 to see how much bitcoin will recover. It could be in the 6 digits price range.

Time will be the most accurate answer. I don't know what analysts rely on to predict that bitcoin can hit $1000, are they traditional analysts and do they know anything about bitcoin, crypto?.

We all know bitcoin price is unpredictable and we are trading at 20k$. The $1000 price point was the story of 10 years ago and it will never happen again.

Take a look at the 1-day chart and you can see for yourself how BTC "answer it as the King of the Crypto world". Bitcoin is still currently a risk asset(as the broader market perceives it), so probably expect it to perform like one.

$1100/BTC will really make this world go crazy. Where else are we going to put our money if BTC is also going to be affected this much. I doubt this will be the case. Financial analyst are often doomsayers, they always say the worse but sometimes it makes you prepare for the worse. They could be saying the truth or maybe not.

Something terrible will first to happen before it will plummet that bad. I won't even want to think or say it but for Christsake Putin. What did the world leaders eat that they can't decide better for the good of all.

While you mention this about being interesting ? yet to followed with this?


Who are those Analysts that has been Many?

it is still Bullish nowadays at above 20k.
by proving in the following months or at least years  so best this is not something you can prove now but in semi long term.

The price prediction is always depends on people speculation about the Bitcoin value in times of uncertainty in the market. There are always two sides on trading which is the bulls and bears but the price direction always dictates by the majority so even if all indicators and analysis are bearish but the majority of traders speculate that Bitcoin will pump, The majority speculation will govern and will ignore all the analysis.

Bitcoin will never be 1k because 1k is not a demand, and there will always be a demand for bitcoin and its cult and someone out there will always be willing to buy it and no bitcoin analyst will ever hit that price and that's impossible.
I assume normally, when this question arises, the next price spike won't be long and when bitcoin continues to decline there will be bad news or judgments that bitcoin will crash or become worthless. And those who panic, are pessimistic and also don't want bitcoin to grow, and things like that are actually or usually signs of going up again, it's only a matter of time.

Can you quote who said this? So we can tell a thousand reasons why this would next to impossible. Not being optimistic but the trading chart can support that its way impossible to happen.

Yes bitcoin is going downhill no,w, but its not gonna plummeted hard as many institutions are also investing within this range. If that would ever happened expect some crazy things to happen.

If you're going to make statements like that, you better put the source. I thought you made it up but I see there's a famous author who's going bonkers:

I'm Waiting for Bitcoin to Test $1,100: Robert Kiyosaki (https://u.today/im-waiting-for-bitcoin-to-test-1100-robert-kiyosaki)

He has already made some failed predictions, but lately I see him more and more apocalyptic, maybe he sees the hour of his death near and projects it to the world.

For my part, I think it is very difficult to be bullish now, as there is no reason to be. I think we are going to be pretty bored until the next cycle.

Everyone are expecting a bullish momentum which the market lacks for now. There is short term pullback with bitcoin and ethereum. What we experience nowadays looks similar to the market movements that happened during the end of May and getting into the June month. So, the market is bullish and bearish for short term. However the sideways market move continues and within few days US will update the new inflation rate number. This will make some noise in the market.

Maybe he needs to prove that part if there are many people really says it all because this sounds like not real considering that Financial analysts says this to drop down to 1.1k?
I also find this impossible to happen , drowning to 4 digits level again? while we are looking for a final 6-7 digits climb in sooner time.

If BTC will fall wit $1,100, what will happen to stocks then? doesn't make sense that it will only be crypto that is going to fall hard, every market will have to suffer. They are just pinpointing, for reasons only known to them, that BTC will go down to that kind of random numbers.


Nothing, BTC will go as normal, it's a bear market right now so price will dump. But so far we have reach the all time low of $17,500 and it seems it will be the bottom for this year. So have recovered already to $20k++ and this is the support for now.

Yes. Even while we know Bitcoin to be a great protection against monetary inflation, I think at least for investors to be prepared for more sluggish prices as the global macroeconomic situation is not clear in the middle of rising inflation and the present energy crisis.

BTC cannot answer that. It has no mouth to do so.  ;D Just kidding but half true.
Anyway, those are predictions and it could happen. There's not much basis but it can still happen. Bitcoin's volatility can always shock the investors with the price movements and it's not even written in their technical analysis.
$1k though is such an absurd number, imo. We have reached 3k last bear so I don't think it will go back lower than that. Let's just say that is our bottom but further down may happen because another economic breakdown is suppose to happen.
War will end, soon they will find nonsense about what they are doing but only egos left. Ego is nothing without bullets to fire.

No matter how terrible the recession choses to appear Bitcoin can't fall down to $1,100. Prices might fall further below $14k will
Admit to that speculation because prices isn't making any signal to recover but making a drastic drop to $1,100 seems so impossible. But with this plunge other stocks and crypto assets will even further dips definitely no asset will be free from the lhis price attacks

Same here I was surprised after reading it but I then think maybe he mean to say the price can fall for another 1.1k. For example if the value now is 20.1k then its next value is going to be 19k. Till now, many people still predicts that btc can fall but those numbers are only at 15k and 13k and the lowest maybe is at 8k. Below than that are unrealistic already.

Or they are those whales that spreads negativity so that when someone believes it, they will worry and dumped their coins. Whales will then took the opportunity. Anyway, in my case, I am very bullish now with btc because there are some positive news that I read lately and also we are now on the second half of the year. Usually price starts to improve starting this period.

Although bitcoin is actually an asset that is always volatile and quite easily affected by positive and negative issues, I am very sure that the price of bitcoin will not touch $1K again in the next 2 to 5 years. I would probably consider the price could still down below $10K, but $1K is something that's inconceivable right now. Also, you don't have to be too sure of the analysis done by fiat finance experts because they don't really like bitcoin.

BTC  doesn't need to answer them and as usual BTC market just perform to shame these so call expert financial analyst.  Those who state in their analysis that Bitcoin will fall to $1100 are just wanting to get attention.  And besides history can answer how Bitcoin shames those experts so no need for BTC to prove himself again and again.

Bitcoin is the king of the crypto because...
It's old and trusted enough to remain.
It's not pushing to be innovative like ETH, it's trying to be a boring commodity that you can store wealth in.
It's the most dominant one with the highest marketcap
It's the coin with the most chance of being used by institutional traders
It's a threat to the traditional financial world

actually i was wondering if those claims are legit or Only OP makes that story because i am surfing almost the whole crypto market  yet to find that statement that there are legit analysts who says that 1,100 is coming for Bitcoin and i will never believe this statement .
and also if OP may share at least one of those analyst then we may check the legitimacy of that person.

Yes it’s pretty crazy how a few months ago, everybody was saying $100K is locked in and $250K was possible. And now it’s the complete opposite.

Now we are getting predictions for $10K or $5k and now I am seeing $1K. Which Leads me to believe that the true bottom is somewhere near.

I remember back in late 2018 when we broke $6K and people were saying $1K would be the low but $3.5K was instead.

These so called crypto analyst that you're referring to is either doesn't want to see Bitcoin's success or helping to pull down the price a little further and exaggerate the current bearish run so they can buy more cheaper than $19k or $15k.
Most bearish speculations were just around the range or $15k-$20k.
The more the people are speculating with such bearishness, the more chances Btc won't be hitting those numbers as it tends to recover when people are buying everytime Btc dips.

There are some who do not want to see bitcoin do great, because they have lived all their life from getting money out of each trade regular people make. If bitcoin does better, then binance will profit, or coinbase would, but not wall street. So, there are some "experts" who hope that bitcoin would go down, so that they would make some profit based on what trades people make on stock markets so they could get a cut out of it.

Stock traders will never enjoy crypto, maybe individually but not on a business scale. Or they will find a way to make money from it themselves, and that's how they are going to hope they could profit from bitcoin and in that case they will support it.

I don't think that is quite right to hope and trust an analysis prediction of people concerning cryptocurrency what I normally do from my own perspective is that I follow the chart to read the progress of cryptocurrency because following prediction of people which people make, to me it's not obtainable in cryptosphere. Because all their predictions starting from last year November is just opposite of whatever cryptocurrency is experiencing right now but I believe that anytime soon cryptocurrency market will normalise which from my own perspective should occur next year 2024 not this year. Because the market is going red every minute without positive support

$1K target seems a bit absurd at the moment, I really don't see how you could estimate that. First price would have to drop below various key levels; $10K, $6K as well as $3K. No doubt it would take many years to get to $1K if it were to happen, with many dead cat bounces in between. For now, more realistically $12K seems more possible that not right now, based on the bearish price action.

I'd like to think that price can merely fall to $15K or $16K before finding a bottom, rather than falling all the way down to previous long-term consolidation levels, but what concerns me the most is the massive volume gap between $17.5K and $12K, based on how quickly price moved from $12K to $20K in late 2020. Unlike in 2018 when price fell to $3.2K and many were expecting $1K or $2K, there was volume support around $3K from previous consolidation in 2017. Unfortunately this time around, there isn't any consolidation until $12K to consider support, similar to how price dropped from $28K to $20K so quickly.

https://s3.tradingview.com/snapshots/4/4PJ6Za8c.png

The only positive I see is the volume gap between $23K and $28K, so if price can break above this resistance level, then it can return to $28K relatively easily, similar to how price dropped so quickly.

Those people do not really know what they are talking about, it is almost impossible for bitcoin to suffer such a drop in its price, I think that we are about to see another drop and the drop can be significant but I do not think it is going to be that bad, however I think it is also a mistake to think that we're going to see a huge recovery when all the signs are pointing out that at best we could see the price remaining at the current levels for a few months.

I dare say that those analysts know nothing about bitcoin, or they are just trying to make a statement to get people's attention, or they are paid by people who hate bitcoin and always want bitcoin dead saying those words. Assuming the world will enter a recession in the near term still no reason for bitcoin to drop to 1000k this is the most bullshit analysis I have ever read. If we do fall into a recession, assets like bitcoin will definitely correct down maybe 10k as everyone has predicted and that is the lowest possible.

Based on what we have experienced from crypto world some years ago, I don't think the price will fall down to $1,100 before it will increase higher for traders to see bullish season. The market price has demonstrated some positive signs that the price will not reduce more than $14k, before the bullish season will appear for traders to start earning from their long term investments. Since this bearish took Many months in the community, I believe the bullish season will take a full year for holders to earn well from the market before it will fall down again.

It is natural that the analysis expresses its views on the movement of the bitcoin price, including the analysis that says if bitcoin will go to the price of $1000 but will you believe it?
The price decline that is happening now has sparked a lot of debate and speculation about the price of bitcoin, but if you look at none of these analyzes that can provide a strong reference and reason if the price of bitcoin will reach $1000, as a person who still believes in the future of bitcoin, of course I will not believe all the bullshit said by the analysis and I think even though the bitcoin price is currently in a bad trend,  but bitcoin will not go down that far let alone reach $1000 because of the development and adoption of bitcoin which is increasingly widespread today.

I also disagree with your opinion especially when you say this is a bad trend for bitcoin. People say what they want and may not even be able to believe it at all, but since you are the decision maker, you shouldn't trust someone else's analysis 100% because it's not financial advice.

Not everyone will think falling prices is a bad trend for bitcoin because we know that in this cycle some of them will confidently make bigger investments. The downside will find a new price pattern, this will be a great start before expecting a bull run. Believe it or not, you will make a profit if you buy on dip and DCA.

The bullish trend has given the entire world an idea of ​​the power of Bitcoin. Its bullish and bearish trends have played a significant role in Bitcoin's popularity. Many regret when the market is bullish. Why they can't  be bitcoin holders? Again in bearish some people regret similarly. However, the demand for BTC is increasing day by day. BTC can only become $1K when everyone no longer considers it valuable. But there is no chance. People are increasing in the world but bitcoins are limited. As a result, the demand will continue to increase.

Today the dollar is getting under pressure, due to a number of reasons, the recession is getting more and more unstable for the world economy, but strangely the crypto market has increased slightly compared to last week, especially with regard to bitcoin, there is a possibility that bitcoin will continue to recover in price going forward, as investors observers say, that if the dollar is hit down, then bitcoin has a chance to go up, this speculation is not entirely true, but if you look at the crypto market now, there is a possibility it will.

I still believe Bitcoin will continue to fall in the last half of this year, but 1k is unlikely. There is no basis or technical analysis to suggest that bitcoin will drop to that price in the near future. Analysts seem to be speaking mindlessly and with a serious lack of knowledge about bitcoin.

We are in a bear cycle and a bitcoin correction is normal, but bitcoin's growing interest is undeniable. Compared to previous years, now bitcoin is everywhere and people are gradually accepting and using it. Over time, this number will surely increase even more.

Because of inflation that depressed the dollar but indeed this recession most of Europe and Asia experienced a bad recession, but many people turned to crypto to maintain its stability and it is proven now bitcoin rose to $ 24k in a short time I believe some investors put their money in crypto because it doesn't want to be an over-recession.
The opportunity for bitcoin to rise is possible because for me it is time for them to switch to crypto and become a bullish trend again.

Bullish and bearish are things that can make us get maximum profit and in a short time, bitcoin and cryptocurrencies provide a good opportunity to get maximum profit if we can take advantage of bearish and pullish moments, although the bitcoin price is already over $23k but i'm sure the price will continue to rise and july can touch at least $28k.

I wonder what will make the price of bitcoin hit $1k. Even World War3 can't make it happen. The least price bitcoin can go is below $15k-$17k, which we have seen recently. It pains me how some financial analyses discredit bitcoin as a Ponzi scheme, that will soon burst. Still, yet, it hasn't stopped from waxing strong despite the fake prediction from haters of crypto.
What gives me joy is that bitcoins' future price can't be defined by anyone.

To think that's going to happen then the only answer I could give is most of the whales who hold a lot of Bitcoin dump it all in the market and guess what you will get? A possibility of Bitcoin price reaching $1k which is impossible in the first place since I don't think all or most whales would do that in the first place. We are just talking about the worst case scenario here but that's just a possibility and either way it is what it is but for now let's just focus on the market on how to gain profit in the future. So buy Bitcoin when it's still cheaper because once the bull run come you might miss the flight again.

Yes both bull and bear can maximize your profits if you fully understand all the specific risk, if you can point your investment to the right

timing and position you can go and do the short trade, but also, you needed to remember that it's not an easy task to do, there are always

sideways and fluctuations, if you unable to identify the right market movement, you also need to expect suffering from losing your money.

Politics has eclipsed Economics basically, down to the point its now taught as a branch of government rather then reflecting capitalism or free markets.   Till the world wakes up from that delusion paper money will continue to be unreliable and serve deficit spending by overly large government GDP influences in the economy.   1k is unlikely because deflation is unlikely longer term, Dollar is spiking because YEN and EURO has lost so much.   I dont think Dollar continually gains and these two components continually lose more then Dollar.
  We could have an event where YEN is especially unable to service its debt but I dont know that happens immediately and also the bank of Japan holds 1 trillion of US treasuries.  I presume they must sell that asset in any greater weakness.

There is a tendency to put money in the crypto market for now, many people believe that the investment source here is very safe in conditions of a weak dollar, the trend for bitcoin is also heading to the recovery stage, although this will not fully recover in the future, therefore many investors have starting to re-enter the crypto market, so this is a permanent choice to make purchases, just need to wait for a complete recovery to get maximum profit and hopefully this year will be the next step of achieving ATH

The dollar is still very strong at the moment and is not yet in a weak state. If you don't believe me, try to look at the current dollar price on any exchange as well as stable coins whose price is adjusted to the current dollar. There must be an increase in the price now. And other cryptocurrencies are now still experiencing a very small percentage drop and I don't think it will be that long either because the price bounce up in this month will be back in the market even though it's still very far from the ATH it used to be.

Looks like the short term bull is over because bitcoin price rose more than 20% in 4 days, and once touched $24k and now the market is dropping again to around $22,800k, I hope it's not red again and july can return to the $30k level.

In my understanding, crypto market especially bitcoin market is independent of world economy as bitcoin got its own set of criteria to get into bullish and bearish trends. Overall, we cannot ignore all the aspects of world economic movements as we have seen how start of pandemic effected into crypto markets. Yeah, in my opinion, the ongoing bearish market of crypro markets is purely due to its own set of criteria.

You have missed that many analysts who predicted about reaching zero value as well for more than decade of time. In my view, bitcoin market already bottomed out. Otherwise, we may have another stronger round of bearish market still which may not break the low of this year.

Maybe the bearish aren't over yet because we still have a few months left for the year. I assume that bitcoin's rise after hitting a low of $17K towards $23K is a good thing, but that doesn't prove that bearish is far from possible. Bitcoin is testing new resistance in the last few days and this is a positive thing to see, but clearly anything can happen as the market is still likely to be hit by FUD.

July will close at $25K in my opinion, so I'll be a little curious about that possibility.

At this point we need to recognize that almost anything can happen, maybe the price is going to keep showing a positive movement and we could break the current resistance level that we are facing, but we cannot deny the opposite scenario could happen as well and then another drop could happen, but regardless of what happens we need to be ready for it since we do not have any control at all about the market movements, and we can only control how we react to them.

but only few analyst that giving that perception that bitcoin would fall down to that level because even in the pandemic time when Covid 19 strikes the world bitcoin only fell down to 4k so what more now that the pandemic is almost done and the world economy is starting to recover in good shape?
I'm not sure that it will ever come or maybe not in the sooner time.

and Bear is here but once Bull comes , we will immediately see the big change things that you did not mentioned here.

Only a very small percent of people are doing profits in this bear market so I don't know how someone could make "maximum profit in a short time" like you said. Sure , there will always be people who will chase profits even in the bear market and those are most likely whales or someone who is having a lot of money to play in a bear market.

Regarding rising ...well , kinda nothing indicates to a rise of bitcoin price into the next month as for now BTC cannot even surpass the 23k mark.

Yeah, but more likely as we are in a bear market, the chance of the price to go up is very slim. But there could be occasions that we have like in the last week wherein there is a good price increase, breaking the support barriers but we don't know if we can maintain it. So the best thing to do is just prepared. And as far as making profits, I'm not experienced trading, so for me, a bear market is very hard for casual trader. Maybe those who have enough experience, but still not recipe for a good returns as the price might go down without warning.

We need some positive sentiment or news which could really able to trigger up for the market to turn out to be bullish since we know that it is really highly reactive to news but not all the time. though.

Its really hard to predict and make out some movements on times like this where we are really moving sideways and making up decision whether we do go bullish or bearish on next month to come.

As we can see on upcoming news which is related to Mt.Gox which might able to trigger out some another FUD which might cause another panic in the market.
Its really hard to determine on what action should someone to make.

When you check both sides of bearish and bullish market you understand that this two market regulations is of advantages to investors. But from the look of everything many investors condemn the act of bearish market indecencies that it brings down the price of cryptocurrency and especially for the people investors who don't know it's adoption. But people have experienced cryptocurrency regulations for long time do not panic in the cryptocurrency price provided that they have target. Bearish helped and bullish also helped

For this positive sentiment to happen, the news should be converted from FUD to hype.  We then need lots of investors of funds to come into the Bitcoin market for the reversal from Bear Market to Bullish market happen.  So what Bitcoin needs today is to have either adoption news of a developed country or a huge financial company investing to Bitcoin Market.  This kind of news will greatly affect the market sentiment.  BTW, we need not only one but several institution company pouring fund to Bitcoin market for the demand to outweigh the supply and for the price to start surging towards new Bitcoin ATH.

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This sentiments are not enough to push prices up. If we talk about news and hype it is how investors react to them that determines its effect o the market. I discovered investors react more to FUD than hypes. Bitcoin price might just have to wait for the next halving to see potential boast else if we rely on hypes and investors prices might keep rallying downward

Maybe the bitcoin price won't wait for the next half to start increasing in price because I think a lot of investors have started buying lots of bitcoins at low prices. And if a lot of news and hype or FUD happens again out there, investors will definitely use it to their advantage because some of them already understand that bitcoin will definitely bring them big profits in the future. Investors who react because of FUD, hype or other news should always analyze the conditions that occur in the market so that they can act according to the circumstances that occurred at that time.

I'm okay with not increasing this year, we still have next year and the following year if that will not happen, more bearish period means more fun accumulating cheap coins, especially bitcoin for sure. So, it's not really a problem if we believe in the future of crypto because we will just hold and accumulate if we have a chance to add to our portfolio.

Why not? What if there's a good news or hype? This could lead for the public to buy and hodl their bitcoins which can also cause for the price to rise. The reason why we are reacting to fuds is because they are not true. We are defending bitcoin and we explain to those newbies if what is the real truth about btc and if what to believe. That's how old bitcoiners react on fuds and not reacting the other way like they are selling their coins.

When there are hypes, there's no need for them to react because what they saw is already true. Waiting for the halving is I think an example of hype but that's going to be a long wait so I think many of us will do something if they want to up the price.

I think for one to truly understand the market they need to be aware of both the bullish and bearish cases for Bitcoin. There are many of each. I personally think that Bitcoin has broken the barrier of acceptance and as a result of Wall Street wanting to offer it as a new financial asset class to be managed will perform quite well. However, I also recognize that hodling has no value and Bitcoin could easily be surpassed by another more useful form of cryptocurrency. I guess as an investor you have to weigh each side and decide which will be right and which will not.

Right now it is true that the dollar is strong, in fact the price increase is much more stable compared to last month, the percentage of cryptocurrencies has decreased a little but there is also a big one, I don't think to find new ATH in the next few weeks, but I believe for cryptocurrencies others will experience a slow recovery going forward, if you look at the current market scheme

but this does not reflect in our market now? look at the prices and still staying in same level as what we have in the recent months.
Yes there might be something good to come this next half but I am afraid this is enough to called hype?
they might have increase of decrease , Fud or good news but the truth is? nothing will be certain still.
this is something they learned if they are truly willing to understand what it is and what happened .

Today was a bearish day, we failed to hold momentum required to stay within a bullish projected scenario.   Highest prices today reflect weekly average and also 50 day, the only saving grace is we cease falling right as that would be the 30 day average but only if we rebuild and regain what we lost.   It is possible, the FED rate news is this week so event news can alter the price direction some and we these prices as a brief spike in the rear view mirror.

This is not the first time that this news has been published to the public, remind you that in 2016 to 2020, bitcoin continued to be discussed, then there we also found answers from the results of the news that continued to circulate, it is not wrong that financial analysis began to try to make predictions, but bitcoin can run far from what they say or it could be the opposite reaction, if you want to know more about bitcoin, then study bitcoin in 2016 to 2020

Why is this happening? Since you said we're going lower, I'm convinced. Taking into account the lost amounts when bitcoin fell with the dollar, it will probably take a few years before we see money flowing back into crypto. Market sentiment is the opposite of what I believe. When the majority is poor, don't think like the majority. At the moment, the poor are bearish, making it difficult to reach new ATHs soon. As of yet, we have not seen a bottom. However, I am not convinced that it has been floored.

I saw $12,500 too. Those two figures are plausible anyway if we considered how erratic Bitcoin is. Even with price looking up now, we may still not be out of the woods. The good thing about this present dip is that it's creating an entry point for enthusiasts who missed out in the past to get in and then make money to change hands as paper hands offload theirs on the market. The gainers in all this will be those who sell and convert to stablecoins so they can buy back cheaper.

However, the $1,000 price projection is out of it. If we didn't get that in the last huge bear of 2018/19, I don't think we can now or going forward.

What happens is that even if I think that the price could see some upwards movement there are many individuals which like the current market conditions, so even if a recovery was possible to attain ahead of the halving many people will do what they can to keep the price of bitcoin down, after all the longer the bear market continues the more likely it is the price will go down, and this will benefit all of those which have huge sums of fiat available to purchase bitcoin.

We have to be patient again to wait for the price of bitcoin to increase again and who knows when that happens, we can use this time to buy more bitcoins while the price is still below. We are still lucky to be given the opportunity to buy more because the bear market is still ongoing and although we don't know when the bull market will come, it will surely come eventually. So now it's better for us to use this time as well as possible to collect potential coins that can increase when the bull market comes.

We wont really be calling it a market if it does only move on one path or way which we cant really see even on traditional markets that we do know.Price would be always volatile and therefore it would really be just common sense that you would really be doing lots of analysis and predictions on where prices could go and its true that in bear times then we should really be wise on making out decisions on getting in but i cant blame out people to be dubious on time like this since the price could even go lower after we had bought up on the tentative bottom that we do presume and thats why
whenever we do see declines then making yourself in would be always a challenged for someone since we are tending to risk real money on here for us to invest.

Definitely it's assured that bitcoin price is a beneficiary in two different perspective. I believe that during the bullrun and the time of bearish season. Bitcoin cryptocurrency is of two different advantages to investors. From what i observe into the cryptocurrency. It is very understandable that many people do achieve success when the price of Bitcoin falls and also achieve when the price of rise. Because of long term investment and long term investment of people. And also people who is ready to purchase cryptocurrency during the time of bearish market

Theres always a case for and against and to state only one is blind hope usually, theres no way to know or say which wins; each day its a maybe.   Who knows which dictator will do something next, anything can trigger events and sell offs.   The difference in bullish or bearish trending is that we can develop bias so even with negative news it can resolve upwards, hard to state.

https://talkimg.com/images/2023/06/12/AI0rv.png

I just want this price action to resolve upwards, BTC already acted quite negatively enough.  Any further and I presume we have to redo the whole range of prices seen this year mostly the negative ones first.

The main key to face a bear market we have to believe Bitcoin will recover and have a bright future, that way we will more easily face the bear
market that occurs. We must be able to see the positive side of the current bear market, which we are given the opportunity to buy Bitcoin at
a low price. Indeed, there is still a possibility that the price of Bitcoin will still fall lower than the current price. But as long as we believe Bitcoin
will recover, there is nothing to worry about if it is true that after we buy Bitcoin the price falls deeper.

As long as we don't sell our Bitcoin at a low price, then our opportunity to make a profit from Bitcoin is still open. Because as long as we can
patiently hold the Bitcoin we have and wait for the bull market to come, then we can make a profit from Bitcoin. If we look at the history of
Bitcoin movement, we can learn several times the price of Bitcoin falls during a bear market and can always recover again when a bull market
comes, even Bitcoin can always reach a much higher price than the previous price when the bull market comes.

If people still doubt when it's time for them to enter the market, especially if they doubt the results of their own analysis, we can't force them to stay in the market. They will see how the results of their analysis can match the conditions in the market or if they need to analyze it further. This is also related to the factor of doubt, fear if the market will decline further, how much money they should spend and so on. But if we never try to enter the market based on the results of our analysis, we will never know how well we are capable of analyzing market movements.

By having confidence in bitcoin which will increase again and can provide great benefits to us, we will be able to move on and continue to invest in bitcoin. It will also help us to be able to see the benefits that bitcoin has provided where when the price drops sharply, we can use it to buy as much as we want. But we also have to remember that we don't need to buy bitcoin right away with all the money we have but rather divide it into several parts so that when the price drops again, we can buy again.

If we can hold bitcoin during these bear market times and not sell it out of panic or some other reason, we can feel the next price increase and sometimes this next price increase can be higher than before. But to get there, we must remain patient and must not panic because that is the key to see if we are allowed to use it or just keep waiting.

That sentiment are valid because the price this whole year seems to be  a whole year of small pump but big dump , we are staying at low level up to now as almost the whole year is near bear ,
maybe there will some good increase in the end of the year but surely this is shorter than those who expect a hype.

Not just understand, but at least experienced both bearish and bullish cycle. And then they can decide what will be the best strategy on both cycles. Personally, I already experience it, but still a lot of learning curve. I guess the Wall Street entering the picture was a big thing for us. Specially at the end of the bullish cycle in 2017, where CME and CBoE enters the picture. Anyhow, we've seen that governments are also getting into the market so we all know that in fact bitcoin or some crypto will be useful and going to stay for so long because of that kind of adoption.

I think that's the one that he mean, to experience the real thing because reading to understand is the same as being aware. Both are just lite but the real thing will be to experience the real thing. The best strategy once we are in a bear is to buy and hold, or if there are small fluctuations, small short trades can also works wonder while if we are in a bull run, it's obvious that the best strategy is only to sell.

I wouldn't advise to get a little greedy and hodl or buy some more as it's pretty risky. Wall street and other big names in the financial industry are good thing. Government getting into the market however are not always positive because sometimes they can order rules which are against to crypto.

Government does not get into cryptocurrency they only try to regulate the exchanges operating within their country. That is only the extent that they can go. They only try to imitate cryptocurrency by developing digital currency and that they can control and monitor but not cryptocurrency.

Teetering on precipice once more, we had a large green candle upto 23k on the 4hr chart and I think thats a fair value for the near term judgement of this last rebound.   If we can hold this line and build above I think we'll see more exciting gains occur possibly develop.
https://talkimg.com/images/2023/06/12/AIDNW.png

Recent high was 50% of the June peak to the June low, a rapid area of change we could recover and revise back in this current action. Lows right now are 38% and blue line is weekly average, hence it would seem quite good indication of our strength and fair judgement of positive or negative progression from here.

When talking about crypto people will definitely go towards the development of Bitcoin, that's why bitcoin is the most talked about and most valuable for now, adoption is needed to strengthen the coin, although other influences are also needed for the strength of certain coins, but the Bitcoin journey cycle has entered the quarterly category , meaning that yearly conditions can lead them to correct or strengthen, but that does not indicate that bitcoin has left or stopped strengthening, just for reasons of correction

Market sentiment is a common thing that continues to happen, this reaction is what makes corrections and strengthening will continue, bitcoin and the dollar both have the power to find ATH, but if you look at current conditions it is unlikely to happen, the majority of people will re-enter the market, if the the correction will recover slowly, so it is still very possible that in the future the recovery will occur slowly, even though the ATH achievement does not have any signs

Bitcoin will fall at $1100? wow, that's a very unreasonable statement, I can guarantee Bitcoin will not go down to $1100,
Bitcoin is different from 10 years ago, haven't you seen the news about samsung, paypal, tesla and many other big companies holding bitcoin?,
yes that's why Bitcoin won't plunge to $1000.

It's just government though, It won't hav a big effect on the crypto market, there are even world financial body that has somewhat trying to impose regulations. They may have some successes as crypto exchange will have to follow like KYC and others.

And still though, we wanted to see the price to go and touch $25k, so far its not going to happen, the psychological barrier is to big to break right now although we have remain above $23k for quite sometime. Maybe we will see break out run later.

That's actually possible. I don't mean to be biased here because I myself is a Bitcoin enthusiast, but realistically that's possible to happen. Though not in this current timeline, but somewhere in the future if people decides to leave Bitcoin. But right now and in the next coming years, that's most likely not going to happen.

Perhaps, we don't know which I agree this might happen, but that was the worse scenario ever and when people are hopeless about Bitcoin. But as to see that the interest of the crowd is growing, adoption is increasing, and more development, it was very unlikely to see Bitcoin will fall that bad.
Well, optimistic people will keep positive about the future of Bitcoin but those who live in doubt will remain doubtful forever.

Yes, technically it's possible.
But if we're going to look at what's happening with the market right now and with all of the surrounding news like the big ones from the US. I don't think that we'll ever step back there.
People are still thinking about what happened in 2018 after bitcoin went from an ATH and then dumped too low. Many considers that we've been there already on this year and that's why each recover that we get is becoming an encouragement and a better outlook in the current's price.

I feel like in the short term the market may be getting a little too bullish.  Especially retail investors.  Institutions are getting in now because they see an opportunity to get mtgox coins on the cheap and they've already started buying to make sure they buy through the entire dip.  This to me means it's highly likely that once they've filled their bags a correction will ensue.  It may be short lived, a matter of weeks or a few months, but it would seem like a healthy development.  Still, it feels like the move is to hold until after this recession is in the rear view and be rewarded with the recovery, if you are able.

Anything can happen in crypto for a severe dump but for bitcoin, I'm not sure this no one can control even if it's a whale because for me believe the deepest line it won't happen to repeat history to the price of $1000.
In fact we see very good growth from now onwards, however I see from the adoption that has been carried out by major changes and heard news that several other countries will also use blockchain technology this is a rapid development here we are sure that bitcoin is not going down to $1000 that's pretty much impossible for me.
Never have any doubts because it will get positive things ahead with big profits.

Bitcoin will definitely stay high now, and I do not think that it will drop that badly at all. People who think that there is a chance bitcoin drop badly are the people who do not trust bitcoin and not fully understand it. I personally do understand it and I think it is going to be doing just fine.

Yeah, there are some drops time to time but realize that all those big drops always comes after a huge increase. We were at around 7k at the start of 2020, and peaked at 68k during 2021, so what if we dropped to 18k at bottom? That's fine, it is still 2.5x bigger than where we were just 2 years ago, if you invested during that time, you should be fine. Just as you would be fine if you invest right now.

I myself think the assumptions and opinions about the future prediction of bitcoin to the point of touching the XXXX price are very funny and too obvious a lie to bring down bitcoin, because this is very unlikely to happen.
  Seeing the historical journey of bitcoin, which is getting more and more bridled and dropped, even more people are joining it.
by developing the system and technology bitcoin so that altcoins are created as a complement to the shortcomings and future needs.
for the market price that occurs in bitcoin now is a natural thing in the trading market order in the economy, there is no need to worry because stocks, money and whatever are like that

However, people will continue to make the same assumptions. Suppose a bull market starts around XXXX, but that's probably a lie and very unlikely to happen. You should do your research, and you shouldn't do anything you will regret. I guess we'll have to wait and see. It is really difficult for me to understand why the markets are still rallying so hard. Some of the price has been regained as the market seems to have stabilized. Regardless, I'm opening my positions. Does Bitcoin have a chance of breaking 30K this month? Nevertheless, I wouldn't be surprised if it drops further in the near future.

Most people will panic if they see a bearish trend, because they think the market will not recover again. But for experienced investors who have
managed to make a profit from investing in crypto, look at the bear market for sure from the positive side. Because it's a bear market, we really
don't need to panic and as long as we invest in potential coins, everything will be fine. If we want to make big profits, we don't buy when it's a bullish
trend, but we buy when it's a bearish trend, which is where crypto prices are very low. That's why during a bear market like now we shouldn't
sell our coins, but we have to collect as many coins as possible. Choose the best coins to buy, and for now Bitcoin is the best coin. So don't waste
our chance to be able to collect as much Bitcoin as possible during a bear market.

In a bull market there are also slight declines and conversely, in a bear market there are short-term rallies and this makes a lot of people misunderstand or follow Fomo that the bull market has come, they will buy and think that buying from here will be profitable.

Currently, bitcoin is moving sideways in a tight range of $23k, and I believe the top for the rally could be 27k-28k, which would convince investors that the bear market is over and then markets begin to decline. I believe that a sharp decline is imminent, we should still be careful, nothing is certain here.

As long as you can afford to lose more, then invest more.
This bear season gives us the chance to buy potential coins at a cheap price but somehow, many people still don't get it instead, they look for the bottom and waited for it (just a waste of time). Thus, if we are on the look for a better future in investing in crypto, we don't need to wait for the bottom but have to grab the chance now and hold until the market turns bullish again.

I entered this forum because I feel that the potential for bitcoin is huge in the future and of course it will remain the king of crypto. So obviously I don't believe bitcoin will fall to $1100 for now. unless the 10 largest exchanges in the world go bankrupt. I see a bullish trend which will then become new ATH.

That was the mindset. Yeah, we are hopeful that everything went well in the future and that Bitcoin will never disappoint us. Despite of the situation whether it was bearish or bullish, we still invest and risk some money for this believing that we can make a huge profit in the future, not that we think its price will drop and gives us losses. We really think it was impossible as it was not how it looks like.

I mean thinking that bitcoin would never betray you, is actually quite true if you look at it from a long term investors point of view. I am not saying that it will be impossible for it to go down, all I am saying is that it would be uncommon for it to not recover. Which means that, no matter what price you bought your bitcoin for, eventually it will be topped and there will be a better price eventually. Hence why I believe that we shouldn't be really shocked to learn bitcoin as a great investment asset. Maybe you will not see it, maybe some others won't, but I always see it that way for sure, without a doubt.

The market has matured already, and there is no like Mt. Gox right now, we have a lot of crypto exchanges, so meaning there is more opportunity to buy Bitcoin, unlike before wherein it was only Mt. Gox and then when it was hack, everything went down and it took years for us to bounce back and recover. Although we still have the bear and bulls fighting it out, and that is the beauty because even if they are a contrasting sentiments, we can still take advantage of every situation to at least squeeze and make some money. And in the next bullrun, for sure we will eventually hit another all time high.

You will now find many predictions circulating on the internet, there are hundreds of predictions about Bitcoin this year and next, it is enough to make some crypto users or investors confused to buy Bitcoin, now or wait.

I think at a time like this, I should follow my conscience, without considering the predictions that confuse me.

If we already believe that the price of Bitcoin will go up again, it doesn't mean we can use capital for investment from borrowed money.
Of course there is a risk we invest in Bitcoin, because Bitcoin price movements are very volatile and difficult to predict. We do believe the price of
Bitcoin will rise, but the problem is that no one can predict exactly when it will happen. While borrowing money has a fixed payment period,
so it's better to invest in Bitcoin only from the extra money we have. Another important thing in the current bear market situation is that buying
Bitcoin is very profitable, but it would be much better if we had to diversify our investments, in which we have to buy altcoins also when
the bearish trend. So when the bullish trend comes we can generate maximum profit. But of course only investing in top altcoins,
which is safer to buy during a bear market like now.

The only way for bitcoin to fall is maybe if internet is being cut-off, but that is out of the equation, internet can't be stop. Certain countries can block it no doubt and censor everything, but not the world. So yeah, bitcoin might fall in prices but it doesn't mean that it will be doom and will not recover our losses. Sooner or later a bull run with happen, it's that the way market is, there is a period of relatively bearish, but after halving, the price will go on a massive bull run and topping it up with a new ATH. And maybe we are talking about 6 digit figure in 2024-25.

Still bullish but yet to prove its done anymore then retrace the prior action.  Its done this before and then lost those gains so to find out if we will go higher is just going to require patience.
  So this is like a triple at this price since end of July, however each peak has been a bit higher then the last so that equates to some signal we are continually attempting higher even while its slow and mostly sideways overall.    The reasoning might be we had to wait for the 50 day average to turn around, however it is now ascending positively every day again a fine reflection of more positive accumulation possibly occurring in price action.

Well in crypto patience is always the key , because the eager you are is the more chance of making  wrong decision.

I will wait patiently , I have waited for almost half year now so what more if another 2-3 years ?

but indeed correct that mostly end of july and till end of September are bearish though we have changed this August as some bull happens.

Bullish and bearish usually occur in cryptocurrencies, after almost a week the price continues to rise like today the price will go down again, but smart investors see this is the best opportunity, I have moved around 65% my btc to stable coins so that if the price occurs below $ 20k then I will immediately buy again.

It's also prevalent in stock market as well, the difference is that the stock market has the company behind it that's why it's not that much volatile as compare to crypto. Nevertheless, it can still experience mad swing in prices, bearish and bullish phase.

And with crypto, at least bitcoin market we have this halving the influence where the bear market end and where the bullish sentiments start. So it's like every 4 years so far, the cycle is still holding as of last year all time high in November and the previous all time high bull run of 2017.

Cycle period/duration definitely in place, and more or less relative to halving flashpoint, but the amplitude has definitely softened, along with the bull phase. Last one was to me the longest, felt the longest, and had the "softest" fall so far. If the cycle stands, we're a way aways from the bottom.

P.S. The guy you're responding to is a rando poster, yeah right he's moving his BTC to stablecoins to buy the sub20 dip =p

Many people predicted that the bottom this time would be $17k and there we were, so it's not likely that bitcoin can hit $1000, this is an illusion and pointless prediction. Maybe we will face other volatility in the future as war is not over yet, energy crisis is getting bigger but that doesn't mean bitcoin will drop to such a utopia.
You should do your own research, don't listen to any predictions from experts as bad as this, they know nothing about bitcoin.

Many are worried that the market will be red again, but as investors we must be able to see everything is an opportunity, in my opinion when the market is bearish then this is a good opportunity to buy, because when the bullish market then we can sell and get profit.

Unfortunately the time of analysis and prediction has not happened at this time, try if today all the predictions really happen Bitcoin $ 1,100, let alone you I also want to have 2-5 Bitcoins which I will save in the future.

I've also seen some speculation that says so, maybe I should wait and be patient a bit to see further developments.

The thing that makes Bitcoin users increase continuously is the opportunity to buy always open, when people feel that they get an expensive price then can put up a buying price at Spot Exchanges at the desired price, I once put a purchase price which if calculated is 15% lower than the price position , and about 3 months are fully charged.

We are not in the 2016 era anymore or below than it where the price is prone to that declines but ever since we entered 2017, the price then became stronger than ever. Sure thing that the price goes below 10k. I think that happened last year or earlier than it but still it didn't fall to 1k and then the price then recovered easily.

Those who says that btc can drop on that level, may not really be a true financial analyst. It is sad but 1k can only happen in our dreams but if our goal is to stack more bitcoins, it is still very possible since there is still a bear market that can occur like this one we have now. It can be done slowly. There is no need for us to rush things.

when the market is bullish indeed to get a cheaper price like 15% of the top price is very difficult,
and can take a long time, even cannot be filled at all, but during a bear market of course it can be achieved in just a few days.

We have spent a long time in the corona pandemic. Where the entire world is almost impasse. Even with the ubiquitous lock down, we didn't see any impact on crypto as it was still able to sustain demand. According to the nature of trading business the market will be bearish after the bull market. At that moment Luna disaster struck and everyone panicked, along with the Russia-Ukraine war that triggered inflation and crashed markets. However, the crypto market is still in a relatively good position despite being bearish.

We cant really able to determine precisely whether its altcoins time or would definitely be on Bitcoin but in overall we do know that Bitcoin would be the main trend setter.
If it turns out to be bearish then the whole market would really be on bearish state which it would  really be just normal that you would really be having these kind of
analysis to be made on such scenarios within this market.It wont really be that simple i would say on determining the peaks and the bottom and this is where people differ in terms of
experience and decisions to be made.

If you mean time for buying then it's a time for both alts and btc but they aren't their time yet if what you mean is selling or a bull run. On the past it was bitcoin is the one who set it but for this year I think that will change. I could feel that it's going to be ethereum this time, is going to set the trend but there is nothing wrong with that right? As long as what it is doing is positive.

Bitcoin can still catch up later on and reclaim its title again to be the controller of this market. For those who don't have an experience and don't know how to speculate if what will be the bottom or peak, then they can always rely on those who are experts at it.

it's true, it's time for us to buy altcoins, because for altcoins it is really worth it,
if you analyze it then you will understand that Altcoins are really at the bottom, so don't be afraid,
I myself have also bought altcoins with 50% of my capital, and hold until at least the end of 2022

I guess it's really up to what altcoins you are going to invest to for long term. There are a lot of good altcoins, but on the other hand, it's market is dominated by a lot of whales and manipulators and pump and dump groups. So just be careful what altcoin you are going to invest in this bear market just saying.

But as for the majority of us, bitcoin is will be the best investment. Yes, the growth percentage will not be the same as some altcoin pumps, but least it is a safe investment and the risk is not that high compare to altcoin market.

That’s true, I literally went with mainly altcoins if we look at my portfolio. I mean think about it this way, I have bitcoin as my biggest "one" piece, I do not have anything more than bitcoin, but when you combine everything else, bitcoin is less than 50% of my general portfolio, meaning 50%+ of it would be altcoins.

This is of course showing that we can still trust bitcoin more than anything else, but things like ethereum or bnb do not feel like they are bad in the long run neither, they are quite good. This is why the best type of investment is the one that you could do while waiting for it to get better and not invest into shitcoins because they have a bigger chance.

bitcoin has nothing to prove nor to answer in this case , because the history will keep answering what you wanna hear here.

how many times does this same speculation says even since 2017? but now we are in 2022 yet bitcoin only fell to the lowest of 4k and never to felt like seeing that 1k for the next 10 years or more.

The market is still bearish because it dropped from $69k to around $21k or more than 66%, of course this is a serious problem, but I think this is a good opportunity to buy because I believe the price will return or pass the ATH that was $69 k.

If you look at the percentage decline, I think it's more than 66%. Because if Bitcoin increased again by 66% in the current market, surely the price of Bitcoin would not immediately be at the price of $69k. Because increasing to 100% alone will not bring Bitcoin to the $69k price level, which means Bitcoin needs to increase by more than 200% from its current price if it wants to be at $69k again.

Haha no shit the market is bearish when prices drop, as markets are bullish when prices go up. And no shit you think it's a good opp to buy because of what you believe. But it's weird you'd say the market is bearish and still think this is a good opp to buy? The only ones who buy and think it's bearish are DCAers.

66% is not really a serious problem in the relativity of Bitcoin markets, knowing that it spends the majority of its time well below ATHs.

bitcoin has proven itself many times in the past and now it doesn't need to prove anything anymore, time will tell
i am expecting a new dumping and bitcoin can drop 15k by then and i will celebrate and buy as much as can, but it seems impossible let alone a totally vague $1000 goal. the experts the op mentioned definitely don't know anything about bitcoin and the market

Bitcoin proving itself is weak for many people. If you do not have "diamond hands" like some people call it and hold it for a long time, then there are people out there who really thinks that they could end up losing everything when bitcoin is going down and they end up selling it all.

I am not saying that it will happen that way but I have to say it does kind of look like they may end up doing something that is not really that great in the end if they keep selling it. Just hold it even during the worst times and even buy more, that way you will be making a big profit when the big bull run happens. This works for things like bitcoin and ethereum though, not idiotic small "gems" that goes to zero quickly.

I am bearish in the short term but believe the current and future low prices are an opportunity to accumulate. I believe we’ll see much higher prices a year+ from now, so whether you buy today or at the absolute bottom won’t mean much. What will matter is that you did buy during the bottom of this cycle and will be rewarded for doing so.

Last 3 tests of the 2 day average have responded positively.  This is only a short term measure but combined with the chance we have of holding the idea of higher lows since the June YTD low its a good chance we can turn this price action back to challenging 25k and 30k beyond that.   Its best not to give up until there is a definitive move either way, at worst we are sideways and drifting rather then actually bearish.

Obviously, the bulls are not going to give up, we have hit $25k already so it's just a matter of time before we can get to it again and whats important is to sustain it. Might not be the end of the month, but for sure, something big might come in the future again to push the price to $25k or even $30k. So currently we are still in the middle ground, sideway patterns but hopefully a break out run will occur next month. So we again need more patience in this bear market.

Anything is possible just make sure that you are willing to hold till you see your set target, it will only hurt your investment if

you are not willing to wait, traders who knows how the drills work are not going to be intimated by any market movement

they have set things up and they are waiting for the market to move with what they originally plan before taking their position.

A little patience is indeed needed because it will take longer to wait in my opinion, regardless of what we maintain until the target can be seen, then by holding it for an unspecified time we must be able to hold it, we must not lose until we get a profit worthy.
However, my way of thinking is that this has gone low, so my patience is being tested, so I am ready to hold back a little to be emotional to sell it, in fact I often see some positive news to be more optimistic about holding it.

This crypto market will really be testing out your patience considering that bearish market or consolidation period might take a long time before it would really be making out some significant movement.

Doesnt matter if we are facing on bear or bull because as a trader then we should really be that patient and versatile on making out any decisions towards the market and would position up yourself.

Market does have only this 2 conditions which it would be understandable on what are the things you should gonna do in different scenarios.Just expect the unexpected and make yourself
to be wise on taking or making decisions according to it.

Todays action reset that whole attempt.   It has to be taken as lower then the late July low now, the only possible reprieve is a quick turnaround before this daily candle closes.  A few hours left I dont think thats going to occur, one for the bears today.
  The icing on the cake would be that the 50 day average is now descending not ascending, we are below that level of bullish momentum and it will keep going lower until price action can fight back with greater inertia.
Target downside is 19k, thats probably the expectation in the sights of many traders.

With Bitcoin's performance continuing to decline in recent days, it looks like your prediction might come true. Because previously Bitcoin was always
stable above $21k, but now Bitcoin has dropped to $20k. It looks like there's a chance Bitcoin will drop below $20k in the near future,
and we shouldn't panic if that happens. Since Bitcoin has previously dropped below $20k and could come back up again, Bitcoin will always recover
no matter how deep the price drops. But no one knows what the lowest price of Bitcoin will be this year, but I hope Bitcoin doesn't drop below $17k.
Because if your prediction is correct Bitcoin will touch the price of $ 13k, there will be panic in the market and maybe something bad that is unexpected
will happen. My prediction is slightly different from yours, I am still optimistic that Bitcoin will not fall below $17k.

The price has gone down to 20k there is a possibility in the future even further down and I think there is a bit of truth about the bearish it will take longer, for now, to test our patience we must be properly prepared in this case and any action in bearish Don't sell in a hurry and don't be greedy. Buy still use analytical techniques to take the right steps.

Well, indeed we have to understand conditions like this because we have experienced bearish darkness before, but that's all we've been through in any case, now the scenario will be different, but it's still the right decision to make.
For the sake of a good move, we must be able to plan carefully.

Indeed, the world economic situation is experiencing a recession which has a negative impact on bitcoin so the crypto market is currently in a bearish moment. However, even though we are in a bearish condition, it seems that the price of bitcoin will not fall to the price of $1,100. I am optimistic that bitcoin will be very bullish in the future, although predicting a bullish trend is also quite difficult. Therefore, although bearish and bullish markets are common in the crypto world, we don't need to panic when a bear market occurs, but don't rush to buy too when the market is bullish.

buy & sell and bearish or bullish in the world of trading is a very common thing. So, when bearish, people or media will reported that Bitcoin and crypto will plunge and become worthless. But, we must remember, there are companies that also buy Bitcoin, there is no way they will sell everything with a lot of loss, holding is the solution. Well, negative news that leads to negative opinions about crypto will be used by people/companies who have a lot of money by accumulating in every moments they are thinking good to buy. Regarding the drop to prices below or equal to 1-2K, this is hard to believe, but if drop to 10K maybe can happen, I do not deny it. But, this will happen if the company that owns BTC sells everything including whale BTC with 5000+ BTC in its wallet.

It looks like we will soon leave the negative trend, even though the end of august the price dropped below $20k but I'm optimistic that the remaining 4 months in 2022 the bitcoin price will rise and touch at least $45k.

Don't rush instead plan before taking your position. If you are positive with your knowledge, you might be able to anticipate

what would be the best for your investment, there are always a great timing, just be patience and let the market to move according

to how or what the direction it might be. Just pattern your investment with the market flow and take the advantage every time you

see your opportunities.


We never know but it's possible to happen, ber months gave some decent hope for investors but no guarantee and just an assumption.

If the bearish season can took many months in this year without decrease to $13k or $12k in the community, showed that it will be difficult for people to experience $110k in this season. I think, this is the best time to buy Bitcoin and hold, because people will not experience this opportunity again in the market to buy in a lower price that will help you to achieve something good in the future. If you look around the market price today, you will discover that bullish season is very near to appear in the market for long term traders to start earning from the market.

There are most BTC analyst whom their analysis are absolutely wrong for BTC, a lot of analyst said BTC was going to fall to $13k in the month of June but I waited for the price to come and I did not see it forth coming, currently some are saying the price will hit $28k before the year ends and we just have 3 months and some weeks to end the year. This year is for bear market.

Obviously all analysts cannot accurately make assumptions, both when providing information for future lows and rising prices. The bear market is very thick to occur this year and does not seem to be able to provide an opportunity to be able to move to increase, because the current price is always in a range that does not continue to change. maybe only when entering the halving period there will be changes and that's only natural, this should be the moment to keep saving more.

$45k is quite high to consider on the current bearish run while there are only more than 3 months left this year.
This might be another long bearish run  (like the ones in 2018-2019) and it could go worse next year. But who knows Btc might recover and hit $45k next year. However, I don't have much expectations for another bullish run until the next Bitcoin block halving.