Bitcoin Forum

Alright so here is my take on what the low will be this cycle.

We had a low of $34K mostly due to cryptos close correlation with the stock market. And now that we are bouncing the funding rate is negative. Which means traders are bearish. Exactly what happened at $30K in the Summer and $40K the months following. However the bounce seems a little weak so we might top at $40K and head back down again…

And I don’t see $28-30K being the low hold. It’ll be like the $6K from 2018. Everybody wants to long $30K and most likely will be a bull trap and when it breaks pivot lows, it’ll send a cascade all the way to around $25K. Which will most likely be the low.

Why? Because nobody will want to buy at $25K because they will think $20K is next and it seems like a better and smarter buy than $25 K since it’s the top of 2017.

Remember… market does what the least amount participants expect.

Everyone didn’t buy at $34K because $30K was a better buy.
Everyone wants to buy at $30K instead of $34K
When $30K breaks… everyone will want to buy at $20K.
Since everyone wants to buy at $20K it’ll most likely never reach that area.

So bottom is $34K or $25K give or take a K or so.

Might not happen until April when tax selling is over and done with.

Could we not even say your 25k figure was a bit low?

I think people might look to buy at 25k or 30k so much that it COULD drop down back to the 28.3k we saw last time and then take a large bounce up from there (I made a thread here a few weeks before then saying I didn't think it was unreasonable for us to hit near 29k but not go below it, and we got into the 28k regions then so)...

There are too many technical traders out there. Remember when a bunch of people got extremely bearish when we touched $20K about a year ago, they were all predicting a double top.

Now many are treating this $30K area like $6K. And think it will hold. I don’t think that will be the case. It would be too obvious. We might get a few higher lows but eventually I see the $30k breaking.

If $25K isn’t the low the obviously the 200WMA is the last area of support that I see before we head down to like $15K or something.

While I totally agree with this part, isn't it pretty difficult to gauge what price you think people will want to actually buy? This is actually the first time I've heard that people wanted $20k, as I'm mostly hearing like $26k-28k. Which proves my point that opinions of the "best" buy price are literally all over the place.

Also taking note that the unexpectedness of markets can also be on the downside — whereas if $20k is where people wanted to buy(and switch to bullishness), it could also mean we can go far lower than that.

$29k has the biggest support line, it's very visible in the chart so if that support breaks the crash may continue down to $20k which may likely be what some of us are eyeing to buy. It's going to be a bigger crash if that also breaks out.

For now the price is just floating and there is nothing else that may trigger the price to go up. The positive signs are there however because even when Biden is up to sign Bitcoin regulation again, the price wasn't affected.

Sorry for correcting mate but I think it is 33,000$ and not 34k$ that makes the lowest price recently .
If you are not greed enough then you know that that is only a 5k difference that if you made a wrong decision then you end up missing the chance of buying low.

And instead of waiting for the Bottom why not buy in the middle or at least before the bottom reached .

Let us remember that be it the bull or bear, 1 BTC remain 1 BTC. Although, it will be better to buy during onset of bull run after the market has significantly fallen.

You are the second person that have posted about $6000 price low recently, but is this possible? I do not think it will be possible. Bitcoin is never fallen below $10000 again. I had an analysis for my prediction.

With what you are implying, the price of bitcoin will significantly fall if the $30000 support is broken. I do not believe this, even if the $30000 support is broken, it will still be a long journey to fall below $20000. I mean it will be an event of buying and selling even if its price go below $30000.

What I can never believe is for bitcoin price to ever go below $10000 ever again.

I've not paid much attention to "analysts" there are far too many and a few just look like they could've had some lucky guesses that got them where they are at this point.

And yeah I could see us breaking $30k but I'm not sure how decisive any move will be. Investors seem to be expecting more drops in stocks (specifically tech stocks too) so we might see that hitting bitcoin again and causing an event similar to what we had at the start of the pandemic.

I do think if $30k is new $6k, $15k may as well be the new $3k too and a break that far wouldn't be unlikely.


There's probably a lot of people trying to time the market and wait for sub 29k though, we can break it and go down to 25k but I imagine it being a bit more of a flash crash than a sustained move (if it's sustained for a few hours, lower is probably possible then though as some people will get bored of holding if all they're doing is watching their funds diminish.

Agreed, $30k might break, however, no one can predict how low the market makers can manipulate this market. Market makers similar to Alameda Research have presently be in control of this market, if they will try to cause a liquidity cascade this will certainly happen. Similar to @adaseb’s speculation it might be during April when market makers begin to file for tax payments, also to possibly get cheaper cost basis.

I think that's too much for the next support which is 25k.. Because indeed the price still holding at the previous support wherein approximately 37k and seems stable in my views. And the market is gradually showing green at this point as well so perhaps its impossible to happen wherein unless if there's another negative news that can impact the market because surely there will be a new level on this situation in my personal opinion.

I think $25k will be a good buy option, its just a question on when we are going to hit that price.

If people are going to wait, then probably this price will not be touch in the next couple of months. If people are buying even at the current price, then definitely we will not hit ~$30k. So hard to see what will be the floor prize at least for this year. So let's wait till April or at least the end of first quarter, lots of things could be in store for us, so better expect the unexpected.

True. $30,000 is very strong psychological support here or other $10,000 levels like $40,000/ $20,000.
So for me, waiting for these kinds of price levels seems to have a low chance, that's why having a position near these psychological supports/resistance is the better entry for me.
When I say psychological supports/resistance, most people tend to think these levels are important is it is level by $10,000s.

https://bitcointalk.org/index.php?topic=178336.msg59111929#msg59111929

BTC stored in exchange wallets is now frankly diminishing, so the low price is over...
you can buy.
in effect, this means that less people are going to sell, and that shorts will then reduce accordingly.

The current price is 38K USD.Is this a bull trap or price recovery?I don't know.Nobody knows.
You say that the traders will be waiting for the lowest possible Bitcoin price,before they start buying.
I think that 1 cent or 1 dollar is the lowest price of Bitcoin,but this price ain't gonna happen anymore. ;D
I guess that some traders thought that 34K is the lowest price,so they have already started buying.


The crypto market and the stock market don't have a "close correlation".
They just reacted to the same bearish news coming from the Federal Reserve-upcoming interest rates increase,less quantitative easing,etc.Such news have an influence over all financial markets,but that doesn't mean that the different markets have some kind of correlation between each other.

I would not be surprised if bitcoin will hit $25k, it happened in the past, so it's possible it will happen again. Compared the last bull run and then correction afterwards, I think the current price is still not too low, IMO, if there's more panic which could possibly happen due to whales manipulating the market, bitcoin could even hit below $20k IMO.

Possibilities are their knowing that there's no good news popping up and the one we see right now are those negative news which can affect the peoples mindset towards the current happening on bitcoin so maybe we can see that price to be reached since as you said what happen from the past may also happen today so I guess from that we need to prepare to pick up some of it since for sure if that time came and bitcoin could ever reach to that $25k or worse to 4 digits number then for sure we can see a huge accumulation phase from the whales.

this is precisely a good and strategic news.

https://bitcointalk.org/index.php?topic=178336.msg59111929#msg59111929

Aiming the best for bitcoin market but also prepare for worst, cryptocurrency especially bitcoin is so volatile and yeah any possibilities are possible. So far, we didn't hear any good news that will boost up the market price of bitcoin but I do hope that bitcoin price will not go deep in a $25k or lower. But if in any cases this is where the best time to accumulate bitcoin and yeah for sure whales will going to accumulate as much as they can, so better be preapre for the worst time.

There’s a possibility buy I’m confident that it won’t happen since the market starts to recover the price of Bitcoin becomes more stable at the level of $36k-$37k, so most probably we are just waiting for more good news. Though if panic is really here in the market and they are unstoppable we might see the price of $30k but I can’t still believe for $25k because that is too much drop for me.

Until such time they can't jump in when seeing the market at a bullish price of more than $35k because they are waiting lower than this.
IMO, anytime is a perfect time to buy and invest for a long-term purpose and a short term only, weeks or months.  This has been proven that after years passed Bitcoin price grow the price.  So if you have been bought this recent dump and waited for how many years it could be there's your profit.

It's unpredictable and we don't know until when the button of the price.  If you have spare money and buy when the price at $35k that's good and buy again when the price is below $30k that also seems good and holds for the long term.

Seeing the market price how it fluctuates I think it's a part of Bitcoin nature that is volatile.

I think we've already seen the bottom at $32.9k.
On-chain metrics say we're heading into a bull run. Only reason price has been going down since November is people freaking out about thinking there will be a bear market and China getting out of the market and people freaking out about external economic things.

The short termers are selling while the long termers have been massively accumulating. I think the longer prices stabilize in the mid-to-high $30k's the more the skittish panicky short termers are going to feel comfortable getting back into the market, and just a small shift in that sentiment creates a floor and an uptrend and it all just cascades from there. And then at some point there's a massive supply shock because the long term holders have been buying up a lot of what the short termers have been selling to them on the cheap. The short termers come back in and BOOM, there's no more supply and price starts flying. We might still have a few weeks or even a month or two of ranging if people keep freaking out about external economic conditions (everyone seems afraid of the Fed raising interest rates in March even though that has absolutely no effect on Bitcoin).

So yeah ~$33k was the bottom, either ranging in $30k's or back into the $40k's in Feb, maybe by March that incoming supply shock hits and we're back to new ATHs by May.

I also can't believe that bitcoin drops to $1000 again because I think it's pretty much impossible.
And I also wouldn't believe that the price of bitcoin would fall to $20000
Because now bitcoin has strengthened 1.15% so that the bitcoin price is still at $38,143.24 and bitcoin tends to stay around the $37000 level.
And this may be a sign that bitcoin will rebound and encourage investors to buy crypto again.

I understand that it is a typo. He has talked about $10K, not $1K. I believe that if we have a bearish scenario the most key point would be $20K. Never in the previous cycles did the price go below the ath of the previous cycle. Breaking that barrier downward seems to me could trigger a real panic. But I highly doubt we will get to those levels, the $25K that the OP mentions already seems very low to me.

This looks fun to see as people lose and some in profit while hodling. The uncertainty in the market is what the circle is all about. It is all about prediction and looked through with the charts. Of course if any is certain about next price stop, that will make it boring . The trend is the majority sentiment, so determining that is the challenge. Bitcoin during the weekend was a little volatile trading down but pushing up gradually, I don't know if we have yet left the bear or if price will get back to $34k or $33k .

I don't share this view. Bitcoin will probably not go down lower than $30,000 anymore. Even if what you're saying is true, Bitcoin's price will probably just maintain its flight $30,000 or above.

If everyone didn't buy at $34,000 because $30,000 was a better buy, then $30,000 will be a strong support. So if there is a strong demand in $30,000, why would this support be breaking and the price to fall down even more to $25,000? If there is indeed a certain level of greed in $30,000, it will become a platform for its bounce.

exactly, these onchain data announce a rebound.

https://bitcointalk.org/index.php?topic=5383586

Makes sense for me. Even I am guilty of thinking that a $4.30 piece of meat is a better buy than a $4.99 one, albeit the latter showing more quality and freshness compared to the former. People like to skimp on things thinking that they'll get better value when they paid less, but that's not always the case. Oftentimes, this mindset makes people miss buying opportunities, and regret not buying when the opportunity presented itself.

I'd wait for the $30k wall honestly before doing anything. If, and only if, we ever do go below $30k, the path downward wouldn't be that fast imo, it'd still take some time for the market to go below even if it is going to go below $20k. Honestly, I even doubt if it was going to go below that level, I reckon we can experience people buying in at $25k levels already, which could quickly pump up the price. As for it going below $10k, I hardly doubt that. It might take forever for it to recover if the market ever goes below that level.

Not confident enough myself to bet on a bull run extending past the one year cycle we've been getting used to, but will hardly complain if this turns out to be true. External economics will always be something we're forced to deal with (most of us anyway) and that will at the very least put our Bitcoin personal targets on the back burner. I do agree Fed rate on its own doesn't affect Bitcoin but the same institutional plugging out of risky assets will also plug out of Bitcoin.

P.S. Just noticed your signature. Thoughts on Substack?

another cause for fomo. when everyone thought the dip is not over and they chase to buy at higher price because suddely it bounces all the way.  traders who expect 25k will be left stunned how wrong the prediction is and eventually come up that a whale manipulated the market seeing themselves a victim of a bear trap.

ohwell predicting is lot harder than just hodling.

Anyone who wants to buy long term should already have been buying at these prices in the 30's.  It doesnt matter so much if we do go into the 20's, it would be good to keep open the option to buy there also but the price isnt dictating success or really doing much more then altering sentiment and some profits or losses for speculators who will always sell no matter what anyway.   
   Theres a good chance we have seen the low for the year however I'd tend to agree we seem like it will take a few months before BTC seriously shakes off the gloom and clouds overhead; it will accumulate.   Overall I dont think anyone whose aware how low BTC was previously (its not ancient history) that trading here remains a positive longer term, boring for the hype traders but also required work and volume to install some stability in price action.
   I never thought 100k would be good before performing repairs to the base of price action like we are, it is a good thing in the end imo.

Supports are broken all the time, I am not saying this because I believe it will go under 30k, I agree with you that it will probably not go under 30k ever again, not now, not in the future, it will never go under that level ever again if you ask me. However, strong support is not the reason for it, I have been here for around 8-9 years now and I can tell you easily that I have seen plenty of strong supports broken and price going lower.

This doesn't mean that it will happen right away and right now but it is just a situation where it "could" potentially happen. This means that we need to find another reason for it to not go under. I personally believe that institutional investors wouldn't allow it to go down that much and lose billions, that was my reasoning.

Below $10k is not gonna happen, and once after the previous bull market of 2017 there were similar predictions. To the expectation the market didn't respond, so we can make predictions as well as calculations connected with the previous market trend and ongoing market progress. The rest happens upon its own, and in such manner for long term holders buying at the price around $35k is really good pick. This seems to be the time for the technically skilled traders to make good profit, as there is large scale fluctuation happening often.

If the plan is to enter the market for the long term then he can wait to see the market direction. I doubt $35k is a good pick if your base argument is based on the past market conditions after the rally. If that is the situation, the market will go well below $30k and for anyone looking to hold the coins for the long term, they can wait rather than jumping into a market which is looking for directions.

I was just reacting to your logic.

Of course I believe that Bitcoin's price is still highly unpredictable. Strong supports don't mean the price fall will stop there. They're simply support. They may or may not withstand a strong sell pressure. There are a lot of people who are highly invested in Bitcoin, institutional investors included, and they will never wish for the price to fall below their price of acquisition. However, as we know that there are millions of Bitcoin which were acquired much much cheaper than $20,000, there is still reason for the price to fall below that.

If the market can be below $30k again, that will be a good time to buy back as the price will increase in the long term to give him the chance to make a big profit.
If the situation is still like this and more support comes to bitcoin, the price can still increase and we can not buy at a low price instead, we buy at the current price.
From yesterday, the price seems to move good and can go back to the $38k level so people who bought at $35k surely make a nice profit now.
The price is now still up and down and gives us a chance to buy low and sell high so we need to use that to our advantage to make a profit.

The reason why I don’t see $30K holding but something such as $25K holding is due to the liquidity theory. Right now everybody that got scared already sold, so there is less to buy for the whales.

If they bring price down to $30K, they know that everyone wants to buy at $30K. There will be a lot of retail buying at that price. And if the whales can break the $30K, then everyone that bought at $30K and those who bought higher will most likely sell out of fear. Creating sell liquidity which will be absorbed by the whales.

The price of bitcoin is still experiencing a decline in price, which makes the movement erratic. From the price drop, it can be concluded that Bitcoin still doesn't have full control over the bull rally. Therefore it is possible that the price of bitcoin has the potential to drop to the $30k level but not to the $25k level.

By this time people are supposed to know where bitcoin will form resistance but it is difficult this time to determine it. The market is unpredictable, I know $25k is still possible to attain. But this is time for buy, we cannot actually determine where it's going to no matter how careful we are.

Today on CNBC there was a bit about Bitcoin. It was mostly bearish, they posted a chart with the trend line resistance we are all talking about and they are predicting a drop to $20K maybe even as low as $10K.

Now whenever anyone like CNBC, makes these predictions usually the complete opposite happens. You guys know that Jim Cramer guy, most of his predictions are bad. He said to buy Netflix before earnings and tanked 25%, and I think he also told people to buy Facebook and it also tanked. There are too many bearish people right now so there is a good chance it won’t go lower than $33K.

Your point is correct, so I think the bottom is 34K$. Indeed, we have seen a bounce from that point almost or a little less, but in any case, Bitcoin rose a little, but this is not necessarily an indication of an upward trend. We may see a drop again for Bitcoin and it may be bigger than the first time. I think that the first week of February is important for Bitcoin, if it manages to break the 40K threshold, we may see a rise again to the 50K area, and the opposite of that is the drop is expected.

Their no enough margins between twenty five thousand (25k) and twenty thousand (20k) but a good investor can not buy at range of twenty five (25k) when he knew that bitcoin price will experience another downfall that will lead to approximately twenty three thousand (23k) to twenty thousand (20k).

While some people get huge lost in the market or investment is because of wrong prescription and prediction of bitcoin price regulations, so immediately such concept is wrong you will absolutely adventure into the negative side, bearish time is most appropriate time to buy Bitcoin but with decrement price.

Hopefully, the drop will not be bigger than previously and only be down for a little. If the price drops deeper, people can lose control and will sell fast without thinking of buying back again. Maybe they will buy back after the price is stable at one range price but not for buying if the price is still going down. We are almost at the weekend but we still do not see the price having more support to lift the price to break the $40k so I guess this weekend, we can see another correction for a while. Prepare yourself for anything that can happen and hope you can buy at the dip.

Well that's there emotions taking over, if they are going to push the sell button because the price is going down so fast.

But it seems that the fall has stop already so $36k, we've seen worst, at least this time it didn't go as low as $32k which is the lowest low we had as early as this year. And it's scary because we still have a lot of months in the calendar and it's possible that we might see the price lower that $30k, in my opinion.

At least even if you don't want still you share it here lol ..

there is a little chance that we will bellowing 30k again but this happened early January so chances are there still.

Those who did not bought at 34k is now in bitter feeling because they have been given a chance back then but they deny to purchase , not that the price stronger at 37-38k this is a chance they missed.

The support of 30K is very strong and it is very important to hold this support to save Bitcoin from a long-term bear market.  I think the market can go in any direction but before that, the price of bitcoin should touch 28k once at least.  Maybe it's a flash crash to liquidate futures traders.  The month of February is going to be very important for Bitcoin.

https://i.imgur.com/yNFIhSq.png

This is my observation.

I think, although the bitcoin market is currently experiencing uncertainty. But it looks like bitcoin's lowest price is $34k and won't go down to the $25k price level. The last few days bitcoin had re-tested the $38k resistance and bitcoin's movement was still quite stuck at the $38k resistance although there was a slight decline but I see bitcoin will continue to rally to the $40k area. But, for now it's better to wait for the right time to re-enter the Bitcoin market.

There is a huge difference between 34k and 25k as well, that is the confusing part about the question. I mean just because it stopped before 34k and did not go down, I can't say it won't go down further in the future but I could say that it wouldn't be 25k. Like, how the hell am I suppose to know where the price will be but even if I made a guess then I would say 30k, that would be both lower than 34k and still above 25k as you can see.

This is why I believe that we should not be really focusing on anything else, this is as good as it gets and we should be just accepting the fact that bitcoin can't be predicted, even if you think you are awesome at it, sometimes we all fail.

Support will always be there, and as long as it can defend that line, it will. But we should look at the current sentiments, fear are inside the market, volumes is very low. So maybe there is a chance that the support line could break apart if there is huge pressure coming to the market from the bears. So for me, we might see a bear price of below $30k. Maybe not this month, but in the coming month, and this could be the perfect time to buy.

If you guys have been following the stock market, you can see that large cap stocks like Netflix, PayPal, Snapchat, Facebook, Amazon are all trading like alt coins pretty much. Never did I think a near 1 Trillion market cap stock could drop almost 30% in a day.

Basically Bitcoin is following all this action. When Facebook dropped so did Bitcoin. When Amazon pumped so did Bitcoin. So the future of Bitcoin depends largely how the stock market does in the next few weeks. If we keep getting these bad earnings then I can see Bitcoin hitting $25K sometime in the next month or two.

That amount of movement for no major failure or news like corruption or accounting problems is slightly over normal volality I think.    That could be part of the larger picture for all markets and asset type or just technology sector perhaps but I think it might also be that more news is oncoming for the Meta idea Facebook wants to invest with.   Someone fairly large decided its not going to be profitable especially, at one point there was excessive worry about mobile adverts for example.
  Anyway I dont think BTC follows just one stock, we'll have to see if tech pulling back  in its gains since the surge of distancing highlighted them is really going to relate to BTC.   My general take is some parts of tech are totally justified in their revenue.  The best guide overall for sentiment is Dollar index which has topped out in its trend up I think, thats what I will watch more.   Profit taking on inflated stock values is secondary.

in effect, volatility in stonks markets may be now greater than in crypto markets.

https://twitter.com/gaborgurbacs/status/1489199612539936776?cxt=HHwWkIC9kYrK2aopAAAA

So what do you think is the reason about the pump of bitcoin to $40k today, is the pump correlated to the stocks movement, or it's just a simple manipulation done by the whales again?

https://www.binance.com/en/trade/BTC_USDT

https://i.imgur.com/mGasaWv.png

Hoping that this is not a bull trap anymore, rising from below and reaching $40k price tells something else and for me, this is a good sign.

I just hope that bear market is finish already, and now we are going to recovery phase which normally the price will start to pump little by little. Let’s see if Bitcoin can break more resistance to confirm the trend reversal.

We can't tell if bearish market is over or not. Let us be grateful that we hit the 40k mark again. There are various factors that contribute to this rise and one good news that I've seen recently is the re-introduction of bill by US lawmakers about the tax relief for small crypto transactions (about $200). You can check this  article  (https://www.coindesk.com/policy/2022/02/03/us-lawmakers-reintroduce-bill-to-provide-tax-relief-for-small-crypto-transactions/). I think, it gives positive vibes to their crypto users especially those small timers.

Today we saw an important recovery in the market and at least for now it seems that 34k is going to be the bottom, however something to take notice is that the bottom was very close to the average price that some of the biggest institutional investors have paid for their coins, and I do not think this is something that happened by chance, 25k is a price too low to actually see as those institutional investors will begin to defend the price of bitcoin way before we actually get to see that price.

I do feel the same of what the above said though since there aren't news why there's a sudden pump and I think you gave may not be enough though to make Bitcoin to pump like this. I just hope it's not a bull trap since it's kinda suspicious though but who knows this might be their(whales) strategy again to make some profit.

I do feel like it's going to drop instead of going uptrend next time though the intention is not to start the bear run but to create a panic then, make a profit from those who panicked. And eventually starts to slowly pump until reaching the ATH and break straight to the $100k or so. I hope that's what they would do though.

Well it seems we did it! The market back in the green line and those people who wondering to drop more and didnt take that chance to buy at such low $34-37k or so are now in deep regret as they cant back in that time , that was a mistakes that we used to see on those who not really understand about the market behavior.

Keep buying no matter in what price as things might cpuld went unexpected anytime and you missed it!

To be honest, I never looked at the price in the last 24 hours. But I do exchange some of bitcoin to fiat because I needed them, so I just go ahead and see that it's weird that the equivalent fiat is higher. But today, I checked the price and it's above $40k. So everything is good at this point, recovery is on the way. Although I'm bearish for this year, I would say this might change things around again.

Currently the price goes to $41k, so indeed we did hit the $40k and then some mark again.

But we will have to find out what causes this break point, I mean are there any good news that propel the market again?

I've heard that there are speculations that stock people are moving to bitcoin market right now and that is where all the money is coming from.

This is what the market is all about, majority of the people were speculating about the massive correction. Out of correction, it is predicted to reach the lowest bottom of $30k. What caused the market move forward isn't known, because there is no big news in terms of adoption. Now it has crossed $41k which is good and now people talk of missing the chance to buy. So, the market is completely unpredictable and surprise the users. One who take the risk profit out of it.

Predictions are not always correct nor are they always wrong. While the bitcoin price has seen an increase from $33K lows this week to $42K, I'm sure it's not moving too fast but it's been up nearly $10K in the past week.

In the near future the price of bitcoin will no longer fall below $30K in my opinion, but it will also not rise above $50K. But things like this can change at any time especially when the demand for bitcoin increases or the supply becomes higher. However, no one really knows how the future of bitcoin will be in the next 2-5 years because there is still a possibility that the expected target will not be achieved. So there are always risks to consider.

Price has beaten the downtrend after an extended period of following a regular pattern from the ATH.  Its recovered back the 50 day (https://talkimg.com/images/2023/06/12/AkCgf.png) moving average which was at one time the bullish measure underpinning the highest prices, we are presently slightly recovered but underneath the lowest prices of the Autumn bottom so it has something to prove here.   It would appear for now the low is in, I think it could hold off selling any further this whole year so no prices into the 20's     On a yearly view this could be considered bullish still

Some of the speculation is true there is also out of bounds, my speculation about Bitcoin price could hit $20k, but not this year, I believe it will be 2023.

From experience with crypto, especially Bitcoin, the graph will shift after the Halve, I see and observe phenomena like that continue to occur throughout the history of Bitcoin.
The reason is simple.
Bitcoin price is in the $30-40k position, interest will decrease, investors are more interested in other types of crypto, that's where the problem is, change keeps happening where when people don't believe in Bitcoin anymore, the phenomenon happens again, basically: $15-20k can happen again, fact.

it seems, bitcoin is more powerful than we thought. I also think that yesterday's push dump could see bitcoin price below $30k. however, the price held up, and today it has recovered. in fact, I'm of the opinion that the bitcoin price will hit $45k in the near future. well, it could be at the end of this month, bitcoin's target is $50k, or it has reached that point. It's things like this that get a lot of people excited about holding bitcoins. however, this was an unexpected development.

I believe it is 33k ? but never that 25k and that is something that i rejoice when we did not fall to 20k level.

And now we are lucky because we are climbing to 45k , actually it is 42,600$ but  looking for this whole week to break 45k again and at least 50k  back more.

Never that we underestimate Bitcoin and instead we Knew how powerful this is ..

''DO YOU'' ???

now that there are green line again so when this will come to 70 level finally?

Depends on the person if how much is his expectation with bitcoin. A person that is new here can only think bitcoin will reach realistic amount of value but for us that are not really new we can expect more than that and add in the current situation where btc adoption is slowly being recognized.

There is a push and then dump that happen yesterday? Did people feel itchy to sold upon seeing a small gain and then it causes the price to get dumped again but I do not think that can lead for the price to go below 30k level because some people will just bought it again after they see a little decline in the price. We can surely go back on 45k usd but I do not think that will happen easily. Maybe in the 3rd and 4th quarter of the year.

there is a increase happened since yesterday ..

But do we really believe that we are heading to another Hype? don't fool yourself lol .

I still believe that we are heading to that 25k low, I am not FUD here guys but i just wanted to be true for all reason .

I believe this bitcoin price increase is much better now and we are indeed bullish again, why are we being fooled by the hype when this is not a shitcoin/meme we are talking about?
I'm not fooling myself but I'm optimistic the price of bitcoin will be better after yesterday's slump, so many of us believe bitcoin's rise will definitely happen again.

The nonsensical reasoning would be that bitcoin could be that basic which is obviously very different from my opinion, but for me the point of support is to be as low as the price since yesterday.

The "unlimited" mindset is the thing that brought us here, and people may think we are crazy when we say big numbers but that is what we did 5 years ago and look where we are right now. People saw the under 1 dollar price, bought pizza with bitcoin and assumed that it would not go up "too" much, and here we are, even one of may end up buying a whole pizza shop.

This is why I keep saying that 1+ million dollars, even 10+ million dollars may sound silly to some people today, because we are only at 40k levels, and yet we moved from a few dollars to hundreds of dollars to a few thousand to now over 40k, it may not be quick, it may take a decade but it may always happen. People who think that there is "no way" it could happen are people who do not know what they are talking about, they need to actually find a better understanding of it to get what bitcoin could do.

This could be a dead cat bounce, because stocks investors are moving to bitcoin right now. And if any time they chooses to move back to stock market, then the price will go down again. But we just enjoy this increase in the last 4 days if I'm not mistaken, this is a great week for us and hopefully at least a $50k price is not that bad this month.

And it continues to go up to $45k today, although it went down, maybe because this is the next resistance level. I'm bearish, this year, but this is a good sign that we can still go $50k'ish for the time being and not go ~$25k. This is still February, a lot of leg room to work, if we go $50k again, I might have a change of heart and become bullish short term.

It sucks to have to sell part of your holdings at the bottom but if you had to do it then there is no other choice but to accept it, right now the price is having a small setback but nothing too important, I think the next weeks are going to be critical to let us know which direction the market will most likely take during this year, unfortunately I think that right now the bearish tendencies are still stronger than the bullish ones so I hope this changes during the next weeks.

Still a long way to go for $50k though, I have a feeling that it will be a big psychological barrier so it's hard to break that one. Unless we are really in a bullish phase, which I don't think we are not, we are just in the situation wherein the investors from WS are going to bitcoin market. For those who are not familiar FB (meta) stocks goes down hard and from the looks of it, those who made the sell-off shift to bitcoin. So unless there will be another round of investors $50k will be hard to break in my opinion.

It looks like the current bitcoin price is starting to slowly rebound. Where the last few days the price of bitcoin back up to the level of $ 43k. Therefore, I think that, at the moment, the crypto market is not in a prolonged bearish phase again so there is hope for bitcoin to score a new ATH this year.

We did in fact reached 45k and now we are having a very small correction to 43k, nothing major and this should not be a sign to worry, however at this point I do not think we can expect much from the price of bitcoin, it seems to me as if the majority of the market participants are bidding their time and are waiting for something to happen to give them a hint of where the price of bitcoin should go during the next months, and until hat happens I think we are going to see bitcoin going sideways for some time.

I can say many people have lose the chances to enter market when the price was at thirty three thousand (33k) in last two weeks, but i know vividly that know time you adventure into bitcoin market that is wrong, the only thing that's important is the speculation of bitcoin at first at the moment, if you will be able to understand the price rotation. I will even encourage someone to purchase Bitcoin after observing the next movement of it through the chart.

Since the last few weeks, the price of bitcoin has risen again in the range of $44k. Even though it's currently back down to the $42k price range, it's only a minor correction and it's still reasonable. Therefore, I don't think the bitcoin price will ever drop to the $34k price level. I predict that bitcoin will continue to advance to reach its next price target in the $48k range.

it's been a few days since you wrote this but Bitcoin hasn't touched $25k lol.  i can't even believe the Bitcoin price will drop below $30k again.  Bitcoin ATL for this year i think we passed last January and we certainly won't see the bitcoin price fall any more, just wait for a surprise this year, we will definitely see a new bitcoin ATH.

Even though the bitcoin price has fallen nearly 5% over the past two days from the $45k resistance level, the bitcoin price is not going down to the $34k price level again. I expect the current decline as a move for significant gains over the next few weeks.

Some people subscribe to the absolute theory in that there is always an ultimate bottom price to every move and every other price should be discounted as temporary until that final most negative price occurs.
   I just dont think thats the best way to be when we have no fixed pricing in the denominator to this price, which is the Dollar.   I would say the recent low was very close to the final sell off type low and also inversely I dont believe the Dollar has much more to gain vs other assets especially those with less supply and greater demand in usage.

That is true, I wouldn't go as far as saying that it would never be 34k, but it would be unreasonable to imagine that it would be not anywhere lower than this without a proper cause neither. I feel like it is going to be as high as possible for as long as possible until the hype dies down.

Imagine the increase to 60k+ last year and how it dropped, I am expecting something like that, it could be going down a lot and then it would be going down only after that. I am not saying that this is guaranteed so do not please make your investments based on what I am saying, that is just how the market reacts most of the time and that is why I see it this way.

there is no guarantee this price drop will be a big profit in the next week as the bear market is not showing any signs of ending. the possibility of bitcoin price reaching a lower point in the next few weeks is still very wide open.

I have the feeling that we can sustain the $40k level but of course, everything is possible to happen in this market.
We should wait what news are coming in as this may possibly affect where will be heading at.
With the rise of NFT and P2E gaming platforms, I think, they can contribute to further increase of  crypto adoption.
Gaming world is a very big one. With the penetration of blockchain gaming into this industry, I am sure, there will be significant impact in crypto market.
But in case, btc will fall down below 35k, why take this opportunity to buy more.

To be fair, make it the whole year. We might see lower lows for this year because admit it or not the bears is here and the bullish cycle might have ended last November when we touches a new all time high. Yeah, it's a big earlier as we expect that we will have a final push this December but it didn't happen. So we really need to face the reality that there is a bear season so obviously, lowest low will be seen this year, regardless if it is ~$25k or not.

there might be an increase and you did mentioned it wrongly because the price reached 45k not just 44k if you will check in CoinMarketCap here >>> https://coinmarketcap.com/currencies/bitcoin/ but i agree on that 48k was the target before breaking the 50k back again.
but never forget that there is a coming dumping any time soon once the war in Russian  Territory against Ukraine happens so be ready and not just believing in what you are seeing now.

That is the problem if you are putting time specification in your investments because that will surely brings you wrong market analyzation and interpretations .

remember that volatility is what the major risk of crypto investment , but also this is the reason why we are having great increase in our investments if we knew how to wait and evaluate our holdings.

So  never make your self that comfortable while in crypto .

@Reatim, If the Bitcoin market experienced some dump in price it's not because of the war in Russia, it is a sign that the Bitcoin market replicates the previous market correction that usually happens after the halving effect market.
The reason why the market is keeping up with the $42K price is that the major investors are the institution and I hope you guys won't be kind by the current trend of the market because the huge correction always happens when people least expected it.

Really hard to give out some words speaking with price declines because we arent really that too far off when it comes on going below 40k or possible to reach down below or playing around 30k.

We couldnt really tell on what would happen in next months or years to come which is totally unpredictable.We would really be having that never ending speculative approach or guesses

but what makes it harder that we are really moving on sideways now which it is really hard to determine on which way we would go next.

I think that we could see those levels again and that the price at some point could drop close to the 30k level, however I think that anything lower than that and the whales will simply take advantage of the opportunity and will simply buy all the bitcoin they can at that point and protect the price that away, and I think this because not only they will protect their investment by doing something like this but also they will increase their holding by buying bitcoin at a great price, which will give them even more profits whenever the next bull run happens.

Indeed, there is no guarantee to what extent the bitcoin price will fall but, if we look at the current bitcoin price movement, it is in an uptrend even though the buying and selling pressures are both strong, however, the bitcoin price is still able to stay in the $44k range. Therefore, I think Bitcoin will continue to advance in upward momentum towards its target price of $52k.

I hope what we predict can come true. But despite all that, we also need to prepare ourselves in case the price of bitcoin turns out to fall again and drops to the $40k level because no one knows if it will happen again or not.

But given the current situation, it looks like bitcoin can still hold on, and maybe after this or next week, there are signs that bitcoin will be preparing to go higher. If that happens, you need to have your bitcoins ready for you to sell at your desired price and never be too late to make a profit.

There is a "bit" of understanding where it will fall. I mean we all know it won't be 10 bucks right? I know it is a big example and that is not what we are talking about but if we all think that it won't be ten bucks then we all agree that there is a price where it won't fall. To me that is 20-25k range, I do not think that we will see anything under 25k dollars.

It means that you could make predictions based on that. Like when it was close to 30k recently, I calculated that it wouldn't be under 25k, it may have fallen to that but that is it. So, I bought as much as I could again and now I am in a bigger profit already. So it is easily predictable to think how much it will fall or won't fall.

We? Including the users above? But, there are user that predicted btc will fall and the rest of them hope for a rise. Cannot imagine if both of them occur at the same time or maybe the price will be stable then or stay at the middle because it was being pulled in both sides.

Bitcoin is a strong coin and he can hold on no matter what negativeness can come. Bitcoin already went to the bottom so it does not shock me at all if it ever comes down again. No need for a preparation in my case. I also wont buy or sell at any moment but for you maybe you should do it if your not used to on different situations so that no panic attacks that will happen.

Price movements are still very difficult to predict right now, in the last few days bitcoin managed to strengthen to $44,000 but it didn't take long for the bitcoin price to fall again like it is now at $41,900, and I think maybe the decline will happen again because there are still many issues the negative that is currently circulating and maybe the fear of war between russia and ukraine is also pushing the bitcoin price down even more at the moment, I think bitcoin is not yet at its support price so the decline maybe continue in the next few days.

Unfortunately it seems that we are very close to fall below the 40k level again, the price is barely above it and I do not think it is going to resist much as even if the bulls are giving a fierce battle the bears seem to be in control of the situation, I hope this does not happen as this could create once again some FUD among traders and investors and we could see an even bigger decrease in the price than the one that we saw yesterday.

We already did, last time I checked the price is $39,990 so the $40k was not defended in the last 4 hours. But hopefully we can still push above it and bring it back to $40k this weekend. As others said, this is a critical level and we don't want to see the price going down because it will follow by a huge sell-off again. So it will be panic once again and we don't know what price it will settle. Lowest low is $32k-$33k last month so we might be looking at it again.

You might have spoken too soon as the price is not defended as we are going down hard again in the last 24 hours, price at $38k. So no push this weekend, on the contrary there are more selling.

So expect that the retracement will continue and we don't know when the bloodbath will stop. Hopefully though $35k will be the limit in the current downward pressure that we are seeing.

So, my hopes for a February that did not go down below 40k again didn't materialise. People were talking about 45 and 50 tests, but I'd have been more than happy for a strong and unyielding support at 40k. Only thing is this is the weekend, so the work week should bring more clarity but if we lose more ground, sentiment can shift quickly to pile on the selling pressure.

Going to be a long road, this first quarter, not that it wasn't ever on the cards.

Oh, the dreaded weekend again, when we thought that it should be a slow down, the market suddenly turns into a downward spiral and now we are in the $38'ish because obviously the $40k support was not strong enough.

I think it has been projected that the first quarter will be very tough, calls for $50k? probably not going to happen with the current geo-politics around the world that has affecting all the financial markets.

Unfortunately, the price push below $40k is very strong, and now the price has reached the $39k range, and the worst case could be even lower. however, yesterday I saw the price was under $39k, and now it's back. Well, instead of thinking about $45k or even $50k, I agree with you right now. even when you see bitcoin prices reach the $40k range, that's enough. sometimes, Q1 at the beginning of the year crypto prices tend to be pushed down. even holding on and rising slowly at this point is already good.

I just believe that the price of bitcoin always fluctuates throughout the year both up and down, at any time as long as demand is lower than supply or vice versa. So far we are in a downward trend since November 2021 and it has been for 3 months although currently the bitcoin price is $39K.

During 2022 I think bitcoin price is likely to go down rather than up although there is always an unexpected potential for bullish and hit a new ATH above $69K. But I can still expect a decline or a correction as long as the demand for bitcoin doesn't increase as we experienced over the last 3 months. So far, the market has been heavily affected by FUD, although it only lasted for a short time. But obviously it could lead people to dump bitcoin and try to buy them back at a lower price. I think it's still possible we'll be in the $20K to $25K price range this year because I'm sure $69K won't break this year.

Yeah, that was a smallish bummer for me. Smallish because I was hoping for a round of consolidation, but it seems now we've entered into another phase where we need to attack a significant barrier. I'd have preferred that barrier to be 45k as that seemed more palatable than 40k -- but it's not entirely bad as it still means a bit more stacking at a real value price, if I want to use JPMorgan's "real value" estimate at 38k!

Definitely doesn't look like a 50k attack any time soon.

lol have you checked the market yesterday? and the day before? bitcoin price drops down already to 38k and you are wrong about that 39k lowest.
also we can see the shallow hold on that level meaning any moment the price may fall down to 37k or even lower.

But still we have hopes in this matter as bitcoin is still in high value compared to what we have before the bullrun last year same season as now .

Unfortunately it has already happened as you state, just a few hours after my post the price dropped below the 40k level and now it is placed at the 37k level, the bears are in complete control of the situation as all the market is red and it is suffering an important drop, now there are several questions that need to be answered, how long will the price of bitcoin remain below the 40k level? And will the 30k level resist or the price will go even lower than that?