Bitcoin Forum

Hi guys today I saw btc has gone down almost 3 to 4% and and now it is moving at Avergae of 16000 dollars and that is alarming cause if it goes down below 1550 dollars than it might crash for almost 2000 dollars more and that's my guess and I think that it might crash further too.
And also 2022 is going to slow down and so what are you thinking about what will be the lowest price of Bitcoin in 2022 Fiscal Year. 

Dropping down a certain amount does not guarantee further drops. In other words dropping down to 15500 doesn't mean it should continue dropping another $2k.

Impossible to predict. As I have been saying over the past couple of months, the market is completely unpredictable and the only way to see major drops is to see major events (eg. US/EU economy crashing or the FTX scam).

If you are so sure about the drop of bigger piece, I'm sure you can also predict the bottom of 2022. It's very much unpredictable all the time. TA doesn't work everytime accordingly, nor the expectation goes in the same way lol. However, I would be more than happy if your prediction goes right. My order from 9th November would get filled @$12000.

https://i.ibb.co/fDkrhFh/IMG-20221121-111135.jpg

While there is no analysis to suggest this is going to happen, it's not an alarming situation. Drops are part of the market, as much as price rises are. If we drop below $15k, it's an opportunity to buy at cheaper prices.

Doesn't matter, neither does the highest price of 2022.
Just, do your research, buy and then hodl, if you consider it purely as an investment. And if not, buy and use it for regular transactions when you can.

I believe this thread will best fit on speculations as it deals with bitcoin price prodictions, regarding the price of bitcoin, if you notice how the rate of the price speculation remains being volatile this days you will discover that there's no such indication that it can move down below the $15k it has once attained while the same efforts has being lingering to trigger it up above $20k but yet the resistance was high, this will be thesame experience we will be having althrough the end of this year before we begin to enter into a new height that will be above $20k next year.

Nobody knows all analysis and also charts can't determine the lowest price of bitcoin in 2022 but speculation is a lot saying under $15k is possible but I'm not sure about that and I'm just following the market moves.
If you believe in the lowest decline in this year and already know about the predicted numbers then do an entry if you don't want to miss it or for me to buy now it's lower enough so I'm not completely on the analysis that makes my belief not fully believe it.

If there is no new negative news, then the price will probably stay above $15 000 until the end of this year, although we can all only speculate about that. All markets are quite shaken, and Bitcoin has been further shaken by recent events, so most investors are on high alert in anticipation of what will happen next.

All in all, for those who have witnessed bear markets in the past, this should not be too stressful a period, because after the rain, there is always sunshine. It is also an opportunity for all those who have constantly complained that Bitcoin is too expensive, and now have the opportunity to buy at a really reduced price, unless it is still too expensive for them. The question of all questions is, do you believe that the time will come again when we will see some new ATH, maybe finally with numbers of six digits?

Simple answer: No one know since there's no person has a crystal ball.

Are you trying to wait until the bottom to buy Bitcoin? it's not a wise idea since you're keep waiting and waiting, you wouldn't place buy order until the price hit the bottom. This will make you to lose the moment to buy the bottom, it's better if you do DCA strategy from now. Maybe the bottom is $16? so you're already buy the bottom. People say next year might be worse than this year, but as I said previously: No one know.

Interesting, I'm seeing quite a lot of 12k estimates for bottom buying. Personally, don't think it's possible without another major item of negative news, but also feel that if we do see 12k from current estimates, then it might just trigger further downsides given just how jittery the entire market even outside of crypto is -- the bounce from there should be just as spectacular though?

Always do your own research but in my opinion we are looking at a likely chance we go lower. If you really pushed me for a prediction I would say $12,000 to $14,000. We could go even lower but I would say my prediction has a good chance of being a reality.

Now is a good time to buy though, you can wait for lower but if lower doesn’t come you will be regretting not buying now. Bitcoin is going mainstream, do not get left on the sidelines.

You cannot say that Bitcoin price will you fall to what you cannot believe because one of the things I want us to understand he that before bitcoin has four and the rise again and this is not the first time neither the second time bitcoin will increase in price so I believe that the price of Bitcoin will soon rise again but a bird does not understand in such way of Bitcoin technology

Isn't it alarming already when the price goes from $69k to $16k? So why are you still in panic mode just this time? And it doesn't matter if it crashed in the future or if it goes down hard to $10k or less.

It's the question on how you are going to take advantage of the situation. The price is very cheap, are you not going to buy and just be the one who panic? And then when the bull run starts you will be the one buying at $60k? That's very wrong mindset of a beginner, and perhaps you are going to regret your decision in the future for panicking in 2022 and not accumulating more.

Impossible to predict because all of this is news driven.

If more exchanges fail, more market makers fail, more bankruptcy then obviously it’ll go lower. If there is no more bad news we obviously bottomed. If we get good news we can rally past $20K very quickly even.

I just want to get in with the balance I have now for buying BTC. If I see $12k, I will be all in. Otherwise, I'm following my strategy to buy in DCA method. Well, it's very possible to get further dip once it hit $12k, I'm not expecting instant bounce back or even a bounce back within a year. As I said, I just want to get rid of my USDT I have for buying BTC and I would be happy to get the maximum from the budget. So, it doesn't matter a lot for me even if BTC gets further dip from $12k.

The fact that all of this is news driven makes predicting the bottom a useless exercise, as there is nothing we can take a look at the charts right now to predict what it may happen, even if the charts gave an indication the bottom is already in if another exchange or big coin collapsed then it is obvious the market will react to it and go lower than the level we thought to be the bottom, so right now it makes more sense to keep ourselves up to date about the events surrounding the market in order to predict short term trends.

Couldnt say immediately but we do have recent positive reaction in price action which should be noted and followed for its progress.   If price remains above a weekly average, no matter where it has been or the general negative sentiment, retaining that momentum should be considered positive trending.

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

So target upside would be about 16.5k and confirming above there has me looking positive going forward

$15,000 is possible just as $13,000 is also possible. The possibilities are numerous especially now when the news are dominated by negative ones started by the collapse of FTX. And since it was not just a collapse of a big crypto exchange but also a collapse of the entire business group which is comprised of so many platforms, I am expecting that the effect would be carried to the next month or even year. There are still a number of companies that will probably crash sooner rather than later. This will definitely add to the bearish sentiment.

Who knows. I assumed we would've bottomed out and wouldn't go down back to $16k after that $20k, but then FTX happened and we've had some bouncing back here and there. I doubt we'd go down even more than say, $14k unless another big news that negatively affects the market pops up, or well, the market just wants to. Then again even if it goes down I'd say it's still a good moment to buy even now since as you've said, we came down from $69k, compared to buying then, it'd be better to buy it now instead and bide your time.

Nothing is certain here mate , price may drop low to 10k or it may grow to 20k again the thing is no one really knows but what we can see now is that the price seems to be dipping more .
this can go around at least below 15k before the month is over.
and will recover next month to at least 20k?
this is what I am expecting because my funds will be transfer to another coin once it achieved.

Yes, for those who have experienced previous bear seasons, it is completely normal for bitcoin to plummet like this. There's no stress and this is clearly the opportunity we've been waiting for a long time. I don't know if anyone here is like me but I would like to see bitcoin hit 10k this bear season and I hope it happens next year. Bitcoin hit six digits it's only a matter of time but I hope before bitcoin gets there bitcoin will drop even more ;) ;).

Have you heard the news about Grayscale, the largest Bitcoin trust? Currently, they are said to be holding 633,570 bitcoins and if things go badly for Grayscale then things will be much worse than what FTX did.

Everyone who buys wants a lower price and that is logical, while those who have already bought above the current price do not want the price to fall so low, because that would be very critical considering that the price would fall so low to even 50% of ATH from 2017. Perhaps it should be taken into account that the lower the price falls, the harder it will be to recover, because investor confidence will be greatly shaken.

I just hope that all those who say all the time that BTC is too expensive will still take advantage of the opportunity that is offered now, because if you buy some smaller amounts there is not too much difference between $16k and $13k.

Yes, we have heard about investors here complaining that the price is very expensive and yet, when the price goes down hard, they are not buying and insist on waiting for it to drop even further. Of course we want to buy at the very cheap price. However, if we have seen a huge dip just like what we are right now, $16k, this is back to 2017 price, everyone should take advantage of it and continue to accumulate overtime.

The bottom doesn't really matter, a lot of users get obsessed by the bottom, and when is the perfect time to invest. However, most of us would miss it even if we predicted the bottom correctly, whether that's due to the time frame it hits that bottom or just not having the capital to invest. My advice has always been to not concentrate on the news or what's the best time to invest. I think the most important would be to at least hold your Bitcoin for a number of years after your initial investment, since it's deflationary by design.

Also, after this recession people will be looking for alternatives which will mean more adoption for us.

Yes, I have read the news about Grayscale. I understand if they are not following the steps taken by other platforms that show proof of reserves. It is for security's sake. But I think they need to at least have a reliable third party auditor to take a look at their financial condition to somehow assure the public and their clients that they are not hiding anything and that they're in perfect health.

But Coinbase has since been transparent in saying that they are holding 635,235 Bitcoin on behalf of Grayscale. So that's more than $10 billion. This has somehow assured people that Grayscale is not about to go bankrupt just like FTX.

Indeed nothing is certain but for me, I think we can't drop under $10k anymore because as I can see the price is stable now on $16k. I expect that it will increase soon and break $20k again. I am curious if why you are going to convert your btc to another coin? And may we know if what coin was that? But, I think there are no other better coins than bitocin because this was the first and currently the most trusted.

If only you will say that you will sell and you will use the money for something, I think that is more acceptable. I hope this message of mine will change your mind. You can still add more coins if you wanted to but you need to use your personal money or sell your shitcoins, etc, except btc.

Sad to see the current price conditions, I lost money because the price continued to decline in 2022, and now the price is around $ 16k and it looks difficult prices to rise, moreover many issues say that big cases after FTX are queuing so that it will make a bigger shock .

Most predictions I saw in different people from skilled, pro etc traders they are at a range from $10,000 to $12,000 is most likely the bottom of this bull market, its too early for a bullish move maybe next year btc will start a reversal but this year that cause a lot of panic from crypto investors I think another crash is going to happen, market is too hard to predict right now, be very careful until no clear confirmations in where the market is going. 

I believe the people who always complain are the ones who will never buy bitcoin no matter how cheap bitcoin is. People who really believe in bitcoin, they will not complain about bitcoin price, nor will they ever sit back and wait for bitcoin price to drop further because we all know bitcoin price prediction is impossible and the only way to buy bitcoin this bear season is DCA and real investors are still doing it everyday. While those who always say bitcoin is too expensive are still waiting for bitcoin to fall further and they don't want to buy at high price.

It is possible that some more exchanges may face the same kind of crisis what LUNA & FTX did & Bitcoin may fall even below 10K but it is normal in financial world, fall of Enron Corporation in 2001 was biggest collapse in the history of stock market when share price came down from $90 to 0.26 but stock market survived. Crypto market will survive too & rise from ashes again.

Why are you calling bitcoin price drop alarming, while many are waiting for bitcoin to drop to that even 10k and i am also expecting bitcoin to drop even more? Simply, because I want to own more bitcoins at a lower price. We are investing in bitcoin so owning more bitcoins is something to be excited about, not worried about.

If he converts bitcoins into another asset for his work it is for a good reason but if he converts bitcoins to altcoins for holding then i really worry for him with that decision. Hope he knows what he's doing, if he's holding bitcoins and doesn't feel safe I don't think there is a better coin for him to invest in.

This is why I believe it may be good idea to start buying some amount of Bitcoin beforehand so if it drops to lower levels you won't mind and if it increases you will be more safer. Bottom desire is mainly about people trying to maximize their gains. I personally want to maximize my gains as well. I am expecting bottom to be around 11k. It will be place I buy a lot of Bitcoin. But my friend started to buy Bitcoin daily and I don't think its bad idea.

I do agree with that, under 10k is looking as "impossible" as it gets, like seriously reaching to a point where we would need so much more to be sold and the market already emptied so much already, thinking it would be even more could get it a bit harder. I am not saying it’s impossible or anything but it could be quite difficult to reach those levels at all.

I am guessing that the best thing to do would be buying up as well, because it looks like we are a at a very bottom level where it is quite difficult to reach any lower. This is of course just speculation, because we do not know 100% for sure what the market will do, it’s just a guess and calculated one at that.

Don't panic too much about the issues currently circulating, because not all of the issues that have been circulated and that you have read can all be true. Because some news writers deliberately make some issues go viral so they can stick out to the public and cause panic in some people.

So there's no need to panic about all these issues even though you're already losing money, but if you can still survive by not selling or releasing the assets that you still hold into the market, then you still have time to recover and make a profit.

The difficult thing now is because the price looks difficult to rise, even 2 days ago the price drops below $ 16k, fortunately the price can return to $ 16k again, hopefully FTX will be finished soon and there are no big cases that make the market drop, if it doesn't happen FTX I'm sure at this time the price is more than $ 25K.

The price will completely depend on the demand of the coin. If in the mean time, the demand of the coin increases then definitely the price will increase and if the demand decreases, then we will see more downside in the price. We can simply judge this if we compare the buy and sell trades at any popular exchange. According to the current scenario, I don’t think Bitcoins will fall below 15k usd. I mean when the price will fall, more people will try to take the advantage and will buy the coins, thus making the price goes up.

It's always been difficult to see it rise when it's keep on going down. FTX is already done but it is the crowd that keeps on following what will happen to them.

It's like a never ending story because the founders haven't yet put into jail.

Don't forget about Luna, it's also one of the reason why the market has gone down or simply, we're in a natural bear market and things has to happen.

Reaching bottom is not the issue, it could be 16k, it could be 14k, it could be 10k, and none of that would matter really because that’s not the point. You could buy now, or buy later if it goes lower, and the result is almost the same, just a bit more profit if you are right and buy lower.

However, when will it start to go back up is the real issue here, and it doesn't look like it will be anytime soon. That’s the scary part about it, and I believe it will end up with a bit of a trouble if it doesn't go up for a while more. We just need to realize that whatever happens, we need to hold as long as possible and if it takes too long, then we wait for too long.

Bitcoin price can not fall to the level of reaching to ten thousand 10,000 before it will reverse to start going up, so i believe that Bitcoin is a currency that do rise and fall whenever you have lost hope it rising and also same thing of it falling, so the falling of bitcoin is an opportunity to investors who invest into cryptocurrency, because Bitcoin price is not something we can say it have a specific price or target at particular point in time.

It seems that since the prolonged Covid cases, plus Russia's intervention, purchasing power has continued to decrease and everyone has to prioritize.
This impact is at least experienced by crypto, not to mention the cases of Luna and FTX, which makes many refrain from making investments waiting for the situation to recover.

I don't think there will be any significant change for the bitcoin price and it will remain stable and quite stable at its current price range ($15K-$25K) until the end of the year.
instead it will start to continue to fall in 2023 where it is estimated that this is the year of the world economic crisis.
it remains only to hope with the upcoming halving phase. where there will be repetitions with improvements that will certainly occur after the halving phase.
always remain optimistic even though it still takes a long way to reach this period of improvement.

The market is unpredictable but I feel the bottom won't go down below $15500. I feel the year 2022 is a year for serious bearish market.  One thing I know is that even if the market still go dip their is something good coming up I'm the next bull market.
No one can predict what the lowest price of bitcoin will be in 2022. I think $15000 will be the lowest from my own opinion though.

Just seen two threads already predicting $13k, so that is reasonable price for a lowest low not just for this year, but throughout this bear market.

When we think that $17,500 is already the bottom for this year, then we are suddenly struck by FTX collapse and look at where the price is right now way below that lowest low that everyone think.

So why not just think or see the worst till next year, $13k or even $10k. The bearish sentiment will still go and continue till 2023 so just be ready for anything and not to think that it will be the end of bitcoin.

Do you really think that if someone predicts this in a thread it makes this a reasonable price? Now I know why people buy high and sell low.


If you're willing to set your goals as low as 10k, you might put it lower like 9k or 8k. Why not 6k? that's still above the 2020 lows.
You remind me of those people who were waiting for 1k in the 2018 bear market.

The normal bear market macro bottom for bitcoin should've been around 22k. Without Luna and FTX scams we wouldn't be where we are today and these weren't events that you could predict by looking at the charts, so at this point no level is too low. If enough scams implode we could be at 6k next year, or 3k again. I don't see bitcoin ever going below 3k in the darkest scenario, but anything above that is possible if centralized businesses start falling.

At this point anything can happen, so what we need to do is question ourselves and think at what level we will begin to accumulate more bitcoin? To me this is a process which has already begun but maybe there are people waiting for 13k to happen, but even if we were to see that price I have my doubts those that are waiting for those levels will decide to act even then, as it is likely they will just move their buying price to an even lower level if that were to happen.

But despite all of that, I honestly think that the crypto market is still in good situation considering all of these events happened at the same time.

If we'll go back in time and this has happened, I guess that we'll see the lowest price that bitcoin can do. But no more going back to the past and we have to deal with it currently.

Having an optimistic mind will also prolong you on this market just like me and the others that have been considered staying quite long.

Your prediction that bitcoin will crash to $2k won't come true. Under $12k is the lowest price that bitcoin can reach this year if it is possible.

In general, 2022 is not a volatile year for cryptocurrency. I predict that the crypto market will be severely affected by this type of bearish market. Buy as much as you can right now and hodl onto it. Don't wait for the price of bitcoin to drop below $16k(present price now) before you think about investing.

the recorded monthly record such ( 30d Low / 30d High   
$15,599.05 /$21,446.89) shows how bad the condition of the market now and any time this may drop another low, so expecting this to be the lowest 16k? actually that is 15k to be precise .

there are some parameters that may show about possible growth but better to expect opposite action so we will never felt betrayed once the value sideways


and again today the price seems to be lowering to 15k again as we can check the chart for the losses this day alone.

https://coinmarketcap.com/currencies/bitcoin/


better be ready guys and keep your fund on hold.

I have just realized that. We are again very close to the lows, and I think that as the situation stands it is more likely that we will pierce it than go up. I just don't see anything significant that is going to push us up, and instead, bad news can pull the price down.

Regarding the exact price, I think that if we go down we will reach the 12 or 13k area.

When we think we've bottomed and can't fall anymore bitcoin does the opposite. This is not the first time I see bitcoin always going against the crowd, like someone is purposely polling us and they will be behind the scenes to manipulate us. After the crash of FTX, bitcoin still couldn't decline below $15k and people started claiming that bitcoin wouldn't decline anymore. I'm starting to think again and I also believe this bear season we could see 12k-10k.

The market is subject to risk out of the speculation. An influencer making a speculation will have its impact over the market. This is common, FTX is an incident that have happened now. To me, even if the FTX failure haven't happened we could've dropped down. Because, on the four year cycle right now it is supposed to be on the bearish move and the same have happened through some means.

I agree with this point of view, if the FTX and Luna crashes don't occur, I also believe we will have other names that will cause the problem. There will always be something pushing the market down and that's almost the culture of the market, every time bear season comes there will always be a crash. 2014 was Mt.gox, 2017 was bitcoinnect and the death of the ICO trend, and this year we see the fall of FTX and a bunch of big funds. It seems like every day the explosions are getting bigger and bigger to cause more fear in the market.

There was still news about Crypto lending companies going bankrupt so we might just see another blow to this market before we can finally see the bottom. Genesis hardly gets funding support. Once they file bankruptcy that will bring the price down.

The only hope that is pulling up is Binance recovery funds increasing through help from the industry.

The latest news of Binance will provide funds of around $ 1 or $ 2 billion to restore the market, I hope this will soon be realized so as to make investors optimistic with cryptocurrencies. And of course we are waiting for strict regulations to make the FTX case the last.

Not only binance but other exchanges are doing the same thing as finance, this money is intended to support potential projects that are struggling or on the verge of bankruptcy due to the impact of the collapse of FTX or Luna. This means it cannot prevent the demise of FTX or Genesis, Genesis is becoming another major concern. If Genesis cannot raise capital to avoid bankruptcy, DCG will most likely sell its crypto assets to save Genesis. DCG is one of the biggest crypto asset holders on the market, if they were forced to sell crypto assets to save Genesis it would be the next worst fall we've ever seen.

staying at 16 thousand dollars now , though last night I thought we will be seeing another 15k level but did not drop through and now staying strong at 16.

if this will continue then this means we already reached the bottom and maybe seeing a Hit up in the coming weeks as we have only almost 5 weeks remaining in 2022.

I strongly believe that we will cross 20k at least in short time this end season.

It seems that at least for now we have reached the bottom, but we cannot let our guard down, the effects of the bankruptcy of the FTX exchange are still not over, so it would not surprise me that in the next months other exchanges went down because of it, and if that is the case then there is a high possibility the price will go down again, so it is important to be careful as we do not know when this could happen and you were caught with your coins at an exchange which suddenly disappeared.

Im not that expecting much that we would see 20k before this year ends but if it does then it would really be that good in the view if that do really happens but im not expecting much.
The important thing here is that the price do able to withstand or able to hold on 16k price point which i cant really tell that it is considered to be the bottom price but it is likely to be it.
If we would be sitting or moving out sideways on this price point then its not really that bad to make out some buy position as of this period.
Lets just put up into our minds that we cant just have a falling or bear market forever which means that recovery and bull run do always lies ahead.

Do you know that their is nothing we are experiencing in cryptocurrency now we have not experienced before, the price of Bitcoin stand to flow up and down, and it's very clear that Bitcoin price can rise today and fa back tomorrow, let us have its in mind that's the nature of Bitcoin.

I am optimistic that we might see market recovery in coming days because the main factor that caused huge increase in inflation is now trading below $80 which will certainly reduce CPI in coming months. We should continue holding our Bitcoin with patience and add more if funds are available. Technical charts are also showing that Bitcoin is trading above its pivot point ($16,357) and next resistance is at $16,661 on day chart.

Well in this 'bear market' I could see crypto continue to slide but not drastically. For example, I do not see BTC going below 15k. The sluggish global economy is taking a hit on BTC in the short term but I predict it will bounce back much faster than most asset classes.
Right now I suspect the war and pandemic have slowed growth down but as inflation rises in 2023, I foresee people looking to BTC as a safe haven and prices will rise.  

The interest rate situation seems to have started to improve as inflation somewhat eased, the Fed also said that it will not continue to raise interest rates with high intensity but will instead lower rates gradually. That's a good sign, but inflation has only decreased but is not back to normal, so lowering interest rates will not have too much impact on the market. And the recent rate hike I don't see much impact on the market, I mean they can't cause bitcoin to drop much more. What could cause bitcoin to drop even further are just catastrophic crashes like FTX. Drama FTX has ended or not, still a question. So still be careful not to be too subjective, bitcoin can still fall further.

Genesis bankruptcy will truly brings bad reaction towards market (but I wish this will not happen) and there are so many things to consider so lets see if what will happen in the coming months or next 2 years till 2024.

but Binance is still down badly mate, though today Bitcoin steps 17k once again and looking at it the effect will scattered to whole market now or this week.

Exchangers has relative market price for cryptocurrency. The only way Binance is helping this industry is by being responsible with their funds and not contributing to what happened with FTX. Indeed the market is still down and the chances of its price to reach $20k is a bit blurry at this moment. We're only days before this year end so I guess the market value of Bitcoin will be stagnant at the range of $16k and that I think is not a bad thing not unless it would fall to $10k which could be critical not only for Bitcoin but to this industry in general. Why? Simply because it will more struggle to recover given that the next anticipated market pump wpuld be on 2024 wherein next bitcoin halving is also anticipated. So for now, as cliche as it sounds, hold and be firmed.

Ok, it seems that we have the bottom for this year already, at $15,500. And currently we might end the year just above the $16,500 price point. So yes, officially this year is worst for us, many black swans like the Terra Luna and then the FTX fiasco which still up to this day, has been haunting the market as we were not able to bounce back to $18k-$20k. Just remain positive though, market might be bad, but hopefully 2023 could be different, might see some pump that will push up back to our biggest support of $20k.

$16000 is actually an outrageous number, so if you are lucky the price will really fall down to a certain point in the next 10 years. $16000 could be the lowest in 2022 that I can count, even though that might not happen and the lowest in 2028. Maybe if you look at the chart you can actually see that this price is actually starting to crash a bit in the future and it might not crash very much and that is something that we could really be waiting to see.