Bitcoin Forum

This year has been full of catastrophes for the crypto/Blockchain industry. First it was the Russo-Ukraine war, then the Terra/LUNA implosion, and most recently, the FTX collapse. All of this had severely affected Bitcoin's market price. The pioneer cryptocurrency used to trade between $20k - $25k, but now it's trading at $16k - $15k per coin. I know investing in Bitcoin is for the long haul, but I'm curious how low its price will go before bouncing all the way back up again? Some people say Bitcoin will go lower than current market prices as the effects of the FTX collapse haven't materialized yet. There are many companies and projects (like Solana) which had investments on FTX, so it's likely BTC will see more pain ahead before the dust settles.

What would be your predictions? Your input will be greatly appreciated. Thank you. :)

Do not forget that after Russia invasion, bitcoin price fall below $38000, but increased back the same day and a bull run started for like a week and bitcoin price increased above $48000. All that could happen during war like that is the citizens of the countries that are affected to buy bitcoin at premium price. What really affected crypto price downtrend was because:

• this year supposed to be bearish
• the Luna and UST scam
• the FTX money mismanagement

It indicates an opportunity to buy.


We are not God or extraterrestrial being that could foresee the future, no one knows what the lowest price would be, but when the bull market will start, many people that do not buy now may miss it, that is why it is good to make use of DCA to invest on bitcoin now.

Some people say that it could go low as $13k while some says it would be at its bottom at $14k. Fact here is no one really knows. But higher tendence to happen is that market behavior could stay at its present state for more months given that there are still no 'event' which could hype up this industry.
Foreseeing is impossible especially to such assets having too volatile market price. Unlike with gold and ither assets which are continuously rising over years. In this industry, not only with Butcoin, there are just seasons or periods wherein the demand increases continuously but also periods wherein it is low such as with the present, caused by factors.

Heavily agree on this one which is really totally on point which there's no man on this world would able to know on where these prices would eventually go.
We didnt even expect that this LUNA crash + FTX problem could really happen.No one had anticipate for that.

If you are really that already experienced then you would really be seeing this market condition as a solid signal for you to buy.DCA if ever you do have the
money and all sort of things as long you could able to put up yourself on a good position because its really impossible that this market
wont really be making some recovery.

I'd say it highly depends on what sort of domino effect FTX has had on other Bitcoin related businesses. We might also see other businesses in the Altcoin scene go down due to the Altcoins tanking. People lose faith much more easily in Altcoins than Bitcoin.

If we have several more bankruptcies, and god forbid another exchange go down; it could potentially tank further. Although, if nothing bad happens in the next six months, I'd imagine we'd see some sort of recovery. Probably a small increase, but nothing too drastic.

Not that it matters, I wouldn't recommend trying to guess the bottom to invest.

I don’t think that sentiment can get any lower, so it’s mostly about when the collapse is finally contained. Genesis is currently fighting to do right by their lenders and if they can’t then it’s likely we take another step down. Who knows who will be next. Possibly GBTC or even Binance. Once entities stop being forced to raise capital by selling their BTC then things will stabilize and start rising again.

Really hard to say mate, when we thought that we have reached the bottom at $17,500, here we go again. And with that, lowest low is $15,500, so I would say that we can still slashed $2k based on the previous lowest low then maybe we might be looking at $13,k'ish.

We still have to remember that 2024 will like be another bearish trend, so the market is still open for another leg down before we can finally see the light at the end of the tunnel in 2024. And worst come to worst, $11k is still possible.

It's too hard to know where the bottom of bitcoin is, I'm also one of those who think 17.5k is the bottom of this cycle as we've been struggling to stay above 19k for months. The Fed's rate hike is seen as the biggest impact of bitcoin's further fall, but it seems bitcoin is also insensitive to it. That's also why I think we've bottomed out but in the end the market always gives us surprises.

I believe the crash of FTX is not over yet and this time we will have a new low, not stopping at 15.5k. IMO, this is going to be the worst bear season ever so I'm ready for more bad stuff and more fiat to buy as much bitcoin as I can.

I don't own crystal ball so I don't know how low BTC will go, but even though I don't know, it doesn't make me to not accumulate Bitcoin right now!

I believe Bitcoin price might hit the lowest at $15K on few days ago, Bitcoin might go lower in the next year, but if you start to accumulate Bitcoin you will minimize the risk of high volatility and will enjoy the big return when the market goes bullish. Bitcoin will recover, so I don't scared with Bitcoin price is still continue to drop until next year.

Bitcoin price prediction is impossible but with my thoughts and desires I also want bitcoin to drop below $12k. If bitcoin can drop below 12k it will cause extreme panic in the market and many people leave the market. But for me it will be an opportunity, when others are afraid we should be greedy. Although it would be a bit cruel but if there was no panic in the market who would sell cheap bitcoin for us to buy.

I think that this board already has several threads dealing with the same question, so I wonder if we need another one?

We can speculate and guess as much as we want, but the only truth is that the only true bottom is the moment when the BTC price would touch 0, which of course will not happen. All that is happening is the result of human stupidity, starting with the fact that millions believed Mr. Mars, and then Kwon, and finally Bankman and various fairy tale sellers who promoted them with all the bells and whistles.

The only hope that everyone can have is in the halving, which means that realistically before the second half of 2024, I personally do not hope that there can be any major positive changes. What I am more sure of is that some new world-class scammer will appear in that period and will catch millions in his net - but if someone has the mentality of a sheep, nothing can save him, that's a fact.

The bottom is usually what ever price a top of the line miner does at six cent power.

so s19 xp does 141 th that is 141 x 0.0582 = $8.21

it burns 3100x24= 75kwatts

that is $4.50 for power add $1 for overhead

$5.50 daily cost

8.21- 5.50= $2.71 daily profit for a machine that costs over 4000

So miners are hurting but if they own the gear outright they are not in trouble.

So we are not at a bottom with current diff and current price.

I see 10-11 as very likely based on breakeven numbers for the s19 xp

now if you want to argue do not use the s19 xp

use the s19 pro

you get 110 x 0.05829 = 6.41-5.50 or $0.91

which means current price is close and 15.7 was spot on.

last factor is how many big companies took loans on the gear to get it.

that means bottom is very likely in.

Thats the mining side of it.

Should be very interesting 6-9 months.

Dca is your friend.

The Russian-Ukrainian war, the collapse of Luna and FTX are a series of problems that have occurred during this time so that they can be the reasons that affect market prices are unavoidable.

$15,682.69 is the lowest price that occurred on November 9, 2022, we can say that the price is the lowest price at this time although some time in the future the price could be below it again. For speculation on the lowest price in the future because there is an assumption that there will be problems again, I can't answer for sure what it will be like later.

On the last point, it is clear that it will be the main strength bitcoin has always hoped for during this bear market. People aren't losing faith in their bitcoins any more than they are in altcoin, but perhaps most of them prefer to wait for the best momentum to buy at a lower price.

Some would say $10K - $12K as the low in the bitcoin price, but this analysis will not be entirely correct if bitcoin gains more strength and confidence in the next year. The problem now is that people are worried about FTX impacting the bitcoin price more, but actually cycles like this are going to happen regardless of what the issue is now.

This is honestly not a good year for cryptocurrency. Those incidents you listed above contributed in dragging bitcoin price too low and it also prevented some in-between or semi bull runs that happens along a long bear. This has prolonged this bear market, it might really be the longest bull in the cryptocurrency industry if we have to wait till the second quarter of 2024 to see a maximum bull run.

Saying about how low bitcoin will go, I can say that no one actually knows how dip bitcoin price will go. It could stop at 15k, it could also go to 10k or somewhere 5k. All is possible that is why my intentions and permutations does not really bother much on how low bitcoin will go, but rather how much I can be able to buy with DCA at every price drop.

I think anything above 15k is a reasonable point from here on out. I mean it could be under 16k as well, and reach to like let's say 15.3k or whatever, those are looking like a possibility, but as long as it stays above 15k, under that and we are breaching under a psychological level, it could go as low as 10k and that's risky, like going to 15.3k is one thing, going to 11.7k is a whole another topic and would be quite a difficult handle as well. Hopefully, we will do a lot better in the long run and not even drop that low, just stay above 16 and then go to 20k and then to 30k and so forth and break the ATH price but I fear that's not going to happen anytime soon.

Yes, $10k could be the bottom price for this bear market. $17k proved to be wrong, when others say that it will be the bottom. Now at 15k, still a lot of room for us till next year, if there will be as big as the FTX scandal or similar to Terra Luna collapse.

And one thing we learn here is that everything is possible, I mean if we can go up to 6 digits in the next bull run, we might as well see the bottom price around $10k so really appreciate how big the next bull run is.

I hope BTC doesn't dip below $10k, or we'd be "toast". Most people are only into Bitcoin because of the price, so a major downfall would surely scare away the general public from investing into it. This will result in loss of confidence as we speak. Why do you think people still trust Gold these days even when there's Bitcoin in play? People trust Gold because it has never experience (AFAIK) a huge downfall in price, making it a stable and reliable store of value. You'd just invest into Gold, forget about it for a couple of years, and then come back with your money nearly intact (Gold is volatile but at a much lower rate than Bitcoin). If Bitcoin were the same, things would've been different by now.

At least, we all know prices won't be down forever. The next halving comes in 2024, so it's likely market prices will rise after that. If you buy BTC at cheap prices now, you'll be able to reap the benefits in the future. Who knows how far will the cryptocurrency go? Just my thoughts ;D

The price of Bitcoin cannot be determined in any means, because the price of Bitcoin can be classified as spherical shape, so i believe that Bitcoin have its regulatory system that do occur during the investment of cryptocurrency, because i believe that the only way the Bitcoin can be measured is through when the investors is being lined up into the investment of cryptocurrency, because i believe that cryptocurrency itself regulate the price, since this year we have been experiencing different kinds of it's price which i think that what caused is the investors.

No price causes any toast condition imo because not every price is valid or equal in volume.    There is no need to expect significance at every price level, its quite correct to say some prices are not valid despite being traded between two parties openly and honestly the wider market did not have to respect that level.  It can occur on a high price and be some warning to sell in that peak prices are highly unstable and also the very lowest prices can be born out of fear and rapid trading that is not considered by the entire global market.  
  BTC is quite unusual in that its not focused entirely in any city, state or nation not even a hemisphere; we need an entire globe turn in a daily bar to really say this is a valid price seen and available to be traded by all.   Even then I class weekend and weekday prices differently, alot more confirmation is required and, in the gaps, erratic prices can occur.   Thats why my estimates for boundaries or the range of BTC possible in trades might appear more negative or extreme then others as Im just reflecting this price volatility that comes with decentralization.

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

Well we can’t really say how low will BTC's market price go which is why I understand some investors are very concerned with buying on the dip and selling on the high.  My focus these days is more about finding investments opportunities I firmly believe in and hold long.

For example, as a strong believer in Bitcoin I have rarely fixated much on the price. I have bought at high points and low points but have consistently made money. I think this strategy has served me well because it take away the guess work and greatly reduces risk.  

It is a good strategy to constantly buy and accumulate bitcoin, no matter what price you buy it at. It's probably the best investment at the moment, especially when you can buy at a low price like now. Few people realise that the lower the price falls, the more you can buy so that you can sell for much more in the next cycle. So guessing the bottom doesn't make sense. It is better to think about buying as much as possible.

I always believe a strong hand will be willing to be a holder for a longer period of time.
In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.

It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.

Luna and FTX cases are not the biggest cases in the history of cryptocurrency but many other big cases have been resolved because community trust in crypto will never decrease, but for the recovery process from big cases it takes time because hacking cases of exchange wallets can worsen crypto prices unless assets are frozen and any transactions from that wallet will not accept deposits to any exchange. However, many people do not take advantage of Bitcoin's very low price to invest and they will regret it if the price level increases significantly in the following year.

I reckon it can still go below, FTX was unexpected really I expected we bottomed out with the $16k in October but we still went below that, and the FTX issue seems to still be in effect, so maybe around $13, $14k? Wouldn't expect it to go below $10k though. We'd probably need a piece of bigger news than FTX if Bitcoin ever wants to go below $10k. The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.

I also think so because I see this FTX case is not finished yet and there may still be a continuation and if it is bad news, it will likely impact bitcoin.
We have to be prepared for whatever is going to happen in the future and if that means the price of bitcoin will drop again, we can prepare some money to buy at a low price.
But I'm not sure if the bitcoin price will go back below $10k because that could create huge chaos in the market and people will panic more than before.
The important thing is that we know what to do if the market moves later so we can take advantage of it ourselves.

The resistance at $16000 has been very strong, it went down to $15400 last weekend but increased back to $16500 during the weekdays, above $15000 has been the bottom for now and not going further down. Bitcoin price could surprise people during sharp and rapid fall, but I guess this may not happen this time until after the next bull market. Even if anything happens that further declines bitcoin price, the fall is not going to be much, buying bitcoin right now will not be a regret in few years to come.

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

The market may bottom out or prepare for 10K based on how this month closes. I do not think that 10k~11k is a bad investment if you believe in the future of bitcoin. There is a lot of imbalance on the charts after the previous ATH rally, and that imbalance must be filled by FUDs and frauds this time.

The last news won't convince any institutions to buy crypto anytime soon or until regulations are put in place.

1 month won't affect the bitcoin price and it will still be below $20k so it's not an increase anymore but bitcoin is still at the threshold price because it was influenced by the FTX issue which collapsed and this FUD still continues to affect some investors who are out of their investment zone in bitcoins.
Speculation on social media will never end and everyone keeps talking about bitcoin's price floor and hold if you believe in the future then do entry now it will be much better than waiting for an unclear price.

I am expecting around 25k usd by the end of this year. If BTC anyhow manages to keep the pace and touch 30k usd by the end of this year, then definitely we might see something big next year. Else if Bitcoins keeps on crashing like this, then the situation will be very critical. Currently we shouldn’t consider any negative thoughts. It’s best to take advantage of the situation and buy as many coins as we can. Hope the price rises again soon, and we enjoy with great profits.

There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

In general BTC stay in a bear market and find its bottom next year of the bull season. Another indicator is when most of the people will say BTC is scam and many will thinking about quite the industry then BTC market find its bottom. I think another major event can crash the price to another 40% so that rest of the investors take a major shock and sell off their holding in panic.

Every price must be at a reasonable point, why? Because I remember people said the same thing when the price was at $20k, $19k and $18k. A new dump level is only hard to accept at first but people can always get used to it soon. When the price dumps below $15k, it does not automatically mean that it will go straight to $10k but there are times that the dumping are going to stop and there will be a time for recovery so don't worry now.

Whatever the price will be, we should be matured enough to accept it and don't complain about. If the the price is low, just invest for more but if it pumps then sell. That should be the practice that everyone must do. There is no need for a drama.

In the past when bad news strikes the market, the same gets spread around in different ways with some exaggeration. This further leads to more other bad news and such scenario used to be a way to manipulate the market and keep it on the downturn. Finally at some point the Whales take advantage of the market. Now the better understanding keeps people away from such spreading which is the reason it is mentioned higher the bad news circulating, we're nearing the end of bear market.

If you believe in bitcoin then you should raise your glass when bitcoin price hits 10k, I will do the same if bitcoin drops to 10k. Although many people will leave the market thinking that bitcoin is on the verge of death, sometimes the fear of others gives us an opportunity. If everyone has a strong belief in bitcoin and no one wants to sell their bitcoins then we won't have a chance to collect more bitcoins. The marketplace is a battlefield and it's inevitable.
The market needs to get rid of weak hands and needs to attract new investors, which is a sign of a stable and developed market.

If bitcoin is stable like gold, I don't think it will be good for bitcoin because people look for bitcoin for its profit, if bitcoin is stable, I will choose gold over bitcoin because gold is more widely recognized and popular.

The global economy hasn't recovered yet, so there's more room for Bitcoin to dive lower in market price. Only those who're able to buy and "hodl" BTC no matter the circumstances, will be able to achieve great results in the future. As you've said, it's time to focus on accumulating BTC regardless of the price. This is a method often called "Dollar Cost Averaging (DCA)". You'd ultimately win following this strategy once market prices go all the way to the moon.

No one knows when the "big pump" will come, especially when the crypto market is widely unpredictable. My guess is that everything will go back up again after the Bitcoin halving of 2024. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion :)

this will continue this year and the next but at least we must be happy as the 2-3 years there will be light again as 2025 is near to come.

at least  10k is what i can see in this market before it settled to increase again and may start run for new ATH because if we will look at the table we will find that those event from the list are a pain in the market and not only for Bitcoin but for the whole world economy .

wait what ? bottoming next year of the Bull reason? can you explain this please?

This is what I think he meant:

Assuming bitcoin got to all-time-high in 2017, decreased below $4000 in 2018, 2019 and 2020. Although, the lowest price during the period was still in 2018 which was around $3100 to $3200 or so, while it decreased to around $3800 in both 2019 and 2020. Those price were very close to 2018 lowest price. Probably he is thinking something like that could still happen this time too, or to the extent their could be bull run which can be followed by a bear market that bitcoin price may decrease further below the recent lowest price.

Spreading FUDs is very common when people start seeing the market decline. Of course, I understand the stance of these whales and they will take the opportunity. It doesn't mean whether it was manipulated or not but these whales actually save the market from dropping more. It was not sure how long this bear season will stay as we have no clue about it but if the FUDs still continue to influence the mindset of the investors, we can expect the same scenario that we have experienced before (2-3 years).

Lol FTX? still using this to bring scare to the community ? if there is something to explode FTX isn't one of those because this has already exploded  and we can expect only bad things from this end.
i believe that there are some bad to happen but there are also good to expect specially that we are now seeing recovery from world economy .

Well I still believed in this --when it comes to panic, it will become prolonged which makes people conscious and withdraw their assets or sell them when they did not which is the right wallet to store. The effect of the panic selling was still there and that is the reason why bitcoin did not recover yet and it continued having corrections. However, there are too many conclusions regarding the price of bitcoin price and I think it is not only caused by the FTX --perhaps there is another reason.

Drama FTX isn't over yet, it's just begun, the name FTX won't directly engulf the market, there will be other names instead but their deaths will also be caused by FTX. Rumors of Genesis Trading's default continue to rise if they fail to raise capital which could be the next name causing the market to crash.

Besides, I haven't seen any signs of economic recovery like Chaoto1977 said, inflation in the US is falling doesn't mean it represents a recovering world economy.

Everyone wants the stability of Bitcoin price that will be favorable for him, Bitcoin price going to twelve thousand (12k) will be a very big lose for some people while some people whose their target is to buy more of Bitcoin will be a beneficiary to it. But in some point, Bitcoin going to twelve thousand to ten thousand (12k-10k) is totally a disadvantage to people who purchase Bitcoin when the price was at stage of thirty thousand and twenty five thousand (30k-25k) so it's depends on the individual target of investment.

Some say that the price of $ 15k-$ 16k is the lowest price for bitcoin at the moment but there is still a possibility that the price will drop to $ 10k-$ 13k. And as long as there is still negative news circulating and global conditions are still showing no progress, the crypto market can still get an impact and that will make the crypto market fall even deeper. But if some positive news shows market sentiment for other commodities starting to improve, maybe the crypto market will also increase. But I don't know, the current situation is very difficult to predict and this time, the bitcoin price has really gone wild and our analysis could be wrong in predicting.

If there are bad things that will happen then that will only be on the side of SBF and FTX  but not in the crypto market. It's game over for them. FTX is no more and then SBF are going to jail sooner or later. The suffering for the crypto market is already over. Can't you see that the btc value is now stable at $16k?

There are still bad things that can happen but that will be from other exchanges or other platforms. Bad things are normal and they are a pair with the good things but we shouldn't worry because we already figured out that cryptos are too strong that even the baddest happenings in the crypto world, can't possibly made them collapse.

I am one of those people, even though I agree that there is a possibility it could drop a lot lower, I also agree that it's not going to be that easy to drop anything under those levels. I prefer to see the good in bitcoin and that means I am always bullish about it. Even when I know that there is a possibility of the price going down, there is also a chance that it could always go up and stay like that and then keep going up.

I like to think about that side of things, it makes me feel a lot better. Yes it is not that easy and yes it will require a ton of things for us to be just going up and up constantly, but why not imagine that's the case, worst case I will hold some more.

Despite the dropping scenario of Bitcoin, the majority are still bullish and remain optimistic. We still believe about "history repeats itself" and after the drop, Bullrun will come next. It is a question of when? But because we are willing to wait and covered with trust, it doesn't matter to us how long it comes. If that will happen by 2025, that's still okay.
That is why I don't bother myself too much with the current drop because I know it was just temporary and it will be over soon.

You know how bitcoin and most altcoins are built around speculation  ::) at the moment, there are just too many negative factors harboring around, which haven't given any chance for bitcoin to have a break to start the recovery process. You can imagine, while we were still feeling the impact of FTX and about to forget them and get on with our lives... BlockFi files for bankruptcy which tells me the dust from FTX hasn't settled and more damage could be done.... From this we could see price go as low as 14k or so, am just hoping we don't see 10K again after so many years  :'(

Well, bitcoin made the lowest price of nearly 3000$ - 4000$ twice because in 2020 we had the covid crash which brought the price again to the lowest price. This may not repeat in 2022 and 2023 as there is no way humanity will face a disease like covid again, not possible at least in the short term.
I think this time we may see the lowest price only one and it could be a wick down to 9000$ to 10,000$. I don't think bitcoin can go below this seeing the onchain analysis.

News about BlockFi has already spread everywhere, but so far the price has not reacted negatively and even on the contrary the market is in the green today. I don't know, maybe the reaction will happen later, but I think it's strange that many coins are rising today despite the negative news. I also think that the bad things are not over yet and there will be many more interesting things to come.

My guesstimate of the lowest bitcoin price depends on the next approaching months to come. FTX invested billions of dollars in different crypto companies and vice versa. Some are already filing for bankruptcy while others are breathing heavily which would take months to know if they are able to survive or not. The market is staring and closely observing the big exchanges and platforms that may go down next. If no one big falls in the next months, bitcoin will begin its slow recovery up until the next halving.     

This very bear market is quite different from other bear market we've had so far due to the kind of events that has really taken place,Too the market has not experienced some of this events before like Fed's shrinking of liquidity. However, I don't think we will really go that lows of $3800 in both 2019 and 2020 coronavirus lows. The market is full of uncertainty right now and another event could happen which will put more pressure on the price of Bitcoin.

Global conditions are worsening, so don't expect BTC to reach a new ATH in price anytime soon. I also think BTC will go much lower in price within the short term as there's a lot of negativism surrounding the whole crypto/Blockchain industry. I'd be surprised if it goes below $10k between the end of this year and the beginning of 2023. As I've said many times before, this is the perfect buying opportunity for you to grow your wealth in the long term. I don't think BTC will be worth less than $20k once it goes all the way to $100k.

Of course, not everyone is capable of resisting the tide (especially when you need the money right away for necessities). Only those who have spare cash to pour into Bitcoin will make huge returns within the next bull market. History has shown us that Bitcoin goes back up in price after a severe market "bloodbath", so I'm confident BTC will go to the moon very soon. Who knows if the next halving (2024) will turn the market extremely bullish? Just my thoughts ;D

deep into 16k , and always chance of lowering more , I think that the market will keep on drowning because there are much to come from this bad news specially that FTX case that will bring more dumping sooner.


at least specific amount would bring help and understanding.

I mean it can drop to 10k? or will grow up to 20k this before the 2022 end?

know what mate? either it goes strong at 15-16k or goes low to 10-13k? the best way to handle this is to keep holding , who cares if how much this will fall? the important part is our trust and our beliefs that bitcoin will grow high in the coming days.
that is what we have to understand here lol.

We are waiting for whether the price of December will return to $ 20k or vice versa down below $ 15k, I hope the price can touch $ 20k so that it makes investors optimistic with the future of Bitcoin, but whatever happens in the short term like now then don't panic, maybe It's time we fill the wallet and hold for the long term.

And right now, we should celebrate the moment of bitcoin's price hike because it could now go back up to $17k and hopefully, it will pick up again and touch $20k or higher this month. Yes, we should always be optimistic when we look at the market and even though the price hasn't increased too much, we must believe that bitcoin will surely increase one day. And it's only a matter of time before bitcoin rises again.

And hopefully, this month and in the following months, there will be a significant increase in the price of bitcoin. And before the price goes any higher, we must accumulate more bitcoins.

I also don't think the price of BTC will reach a new ATH because apart from that, it is difficult to achieve shortly. Other market conditions are also undergoing tests so we are more patient in waiting for it. We don't have to worry or fear that the bitcoin price will not increase because after all this, we definitely see the price will start to increase and we have seen it now. And I agree with you that now is the opportunity to buy bitcoins and grow our wealth in the future.

If they have invested in bitcoins for a long time, they will have spare cash to buy more. And they must also have careful planning to help them invest in bitcoin even more. The next half will increase the bitcoin price, which means we will get a very big profit.

What is important right now is that the price of bitcoin can reach the level of $ 17k again and if you already have bitcoins from previous purchases, it means that your bitcoin assets have grown and you can withdraw temporary profits at this time. But if we still want to see the growth of our bitcoin assets, maybe we can be patient again and keep waiting until the price really goes up.

The price of bitcoin must go up, if the price of Bitcoin is $ 12k, there will be many who release Bitcoin and choose another investment, the cheapest price since ATH in 2021 that I bought is $ 18k, and the most expensive price is $ 47k, if the price of bitcoin can touch $ 37k then My Assets will be the same, at this time there is no other choice for me other than hoping that the price is skyrocketing and maybe I will save and make it for long -term investment.

Do not be pessimistic about Bitcoin's performance, today has gone up more than 3% and returns to $ 17K, I'm sure that the market will continue to rise so that those who panic and sell cheaply will regret it, maybe this year closed with a low range but I'm sure good for skyrocketing in 2023.

if that will happen then I must use all my funds in banks and maybe consider selling my Motorcycle to add in my investment?
going down to 10-12 k means another opportunity to get richer in the future as i will keep my holding for another halving .

The increase in the price of Bitcoin from $ 16K to $ 17K that has occurred in recent days I think has something to do with some news saying that in Brazil they have legalized cryptocurrency and Bitcoin, but they have not adopted it as adopted by El Salvador because the Brazilian government has not signed it does, but Lawmakers in Brazil, Latin America's largest economy, have approved legislation legalizing cryptocurrencies such as bitcoin ( BTC-USD ) and ethereum ( ETH-USD ) as payment methods in the country. [Reference]: https://seekingalpha.com/news/3912432-brazil-approves-bill-to-legalize-crypto-payments

Sometimes we have to dare to speculate to change our lives, if our lives are more than 10 years there are no big changes, then it's time to dare to take risks, lose or multiply, I've experienced a good moment in 2017 when buying bitcoin under $ 5000 at the beginning Last year sold at $ 12k and I will try again the luck.

A lot of speculation that the price will drop to $ 13k, of course this is a very sad fact because the market continues to decline, but today we are happy because prices rise to around $ 17k, although still vulnerable to drop but after reaching $ 17k it will make many investors Believe that Bitcoin still has hope for rising in December or at least can touch $ 20.

There has been much speculation linking bitcoin to Brazil's shocking news of Parliament's approval of cryptocurrency legalization of a legal payment method, but so far there has been no further link to connect the matter, although it is true that bitcoin has seen a slight uptick. Brazil begins drafting laws against bitcoin, USD and ETH as legal tenders for purchases of products or services.
Interestingly, the Brazilian government has already taken a step forward if the President approves and signs the law in the near future.

Really? If it's true then why it's not being talked about in this forum? usually, when there are news about btc/crypto, whether negative or positive this forum is one of the first to know it. The price is already close to $17k last day so even without those rumours, btc can still reach $17k on its own. Also if there are countries who legalize btc then the price should skyrocket. $17k is not the only thing that we will be seeing now but let see.

Maybe people are still adjusting at the moment. Once they are now ready, that is the time to see the real effect. it's hard to copy what El Salvador did and as you can see there are only few who followed it. Other countries are still thinking if what will be the consequences and maybe they are doing some preparation first before they come on that phase.

3 major issues that emerged this year which have a serious impact on market conditions where the three sources have been Op mentioned in the main thread. now if we refer to the lowest price point for this year maybe we have seen the market collapse when ftx went bankrupt, namely at the point of $15400 where after btc reached its lowest level we saw btc slowly starting to go back up. indeed the ftx collapse has not completely happened because I see they are still active on twitter so there is a big reason that they still haven't reached zero from this incident but I hope it doesn't have an impact on market conditions again.

We have entered the end of the year where this December we will be honored with a bounce to reach $20k. well, if this happens, I think the price of btc in the next year will be able to provide a big return for holders who enter at the current price. A strong bounce is expected and we hope that btc can break the resistance point at $20k this December.

Topics like this are the good guidance for crowd sentiment, when we have a page full of when 100k?  then be on your best guard because we can take fall with such lack of doubt we may more easily trip.     When the page is full of its the end of the world, all hope is gone there is nothing but negative reflecting then ironically seller exhaustion can occur just as it also becomes most apparent and see through; worn out we may become bullish then.
    I still think it'll take time to transform and things like the moving average will be gaining not losing so reflecting a change in momentum.   When all those factors align we click into place a change in gear and may more easily ascend.

You could really see into this forum;

When 100k?
When 1M/coin?
When 500k?

on contrary

How low Bitcoin price will go?
10k possible?
3k is the lowest price

and so forth....

This is why its really that good to read up these threads and try out to be aware and realize on how the community do really react out
with these kind of speculations that do keep on circling around.If you've been on this market for a while then you are already that numb when it comes to
these kind of speculations and views.We do know that there's no way on predicting out on where it would be going and this is the toughest and most challenging thing ever once we do deal up
with Bitcoin and make out investment on it which we dont know on where it would be heading out. Therefore, risk taking would be the main key on here.

I am not sure if that's always the case. I have been living basically the same life for the past 7 years or so, and I can easily tell you that I can't dare to change it. Doesn't mean that my life is yacht parties and dinners at Paris lunch in Madrid type of life, my life is stay at home and work freelance and then watch netflix and then sleep, that's my entire life.

And to be perfectly honest with you there is a good chance that I will live like this until I am 60 if I live that long, and then retire, probably retire a bit earlier thanks to crypto, maybe 50. That is why it's not easy to change life because if you are not poor but not rich, that means it's hard to take those risks.

When you are taking the much safer side or less risk kind of path then you would really be having this kind of living which i could say that you and I is really just the same.Im contented on what im really

that earning and as long i do make out some allocation for saving up for future possible profits then thats what im doing.Im not really wasting up my time and my coins to be spent into something which
it isnt worth nor really that sensible on doing so.Although we could say that there's no assurance on how the future works or what are the things that could happen but at least we are really taking that
lesser risk kind of route which you know that you are really that prepared for whatever outcome that it will really be happening.You are prepared
and anticipating both negative and positive and thats the key.

Many predict that the Bitcoin price will be lower than the current price. It would even be under $15k in price. This is also due to the many polemics that have occurred with crypto so far. Russia's war with Ukraine made global economic growth even worse, and this has had a huge effect on crypto. As you mentioned, the problems of Luna and FTX also had a negative impact on the growth of the Bitcoin price. But this condition will soon improve. I think there will be new investors who will improve this atmosphere.

There are a lot of negative events in the real world that will ultimately push Bitcoin's price all the way down the drain (at least within the short term). If you've been into crypto for a long time, you'll notice that history has repeated itself. There's always a time where prices go all the way down the drain due to FUD and other unfortunate events. But Bitcoin always bounces back after a severe market "bloodbath".

I believe this is only an opportunity for you to buy more coins at a huge discount. Once everything goes up again, Bitcoin may not be worth less than $15k ever again. Who knows if making the right decision today would lead you towards untold riches in the future? Just my opinion :)

If this will happen, then the memories of December 2017 and December 2020 is back. We all know during this time before, Bitcoin price action where unstable to go up only and was considered as the pre-bull market season before.
But this time, we came from the $69k price of Bitcoin, and now we are trading below $20,000. So for me, if this will happen again, I'm not expecting to create a new all-time-high next year.
But it's ok for me, I'm just fine, and also good for the market if we will see huge upward price action for this month.

Many analysts say that the price of bitcoin has the opportunity to drop even under $ 12k, but if you look at this week's movement we deserve to be optimistic that the price of $ 15k is the lowest position, of course still need a big test like the end of the year that people usually need cash for a vacation and prepare forr the year new.

Yeah, the only difference is that we are about to hit the peak at December 2017 with it's massive bull run.

But this 2022, it's the first year of a massive decline in price, from $69k to what kind of price we will see at the end of this month and obviously the year. So I also doubt that we will see $20k, most probably this will be the boundaries that we are moving till the end of December, around $17k'ish.

If there is no FTX collapse, probably is, we are going to close maybe in the vicinity of $20k. But it is what it is. So we will have to accept what the market will offer to us.

It is clear that many people expect even more volatility because it has happened a few times already, but the reality is that its not really going to happen that quickly and frequently. I get that all that FTX stuff made people consider maybe another thing will happen to crash the prices and then another and then another, like that's somehow the way we would go back to 3-4k levels where we used to be. However, that's not really that easy, the amount of money that requires to sell all those bitcoins would be way too high, like really not that possible. Hence, we are not going to go down that much, we are at a very good level, 15k+ is where it will stay at.

We can't say what or where the price will go since it all depends on the supply and demand plus the news might make a little touch but that's it. This is what happens when there's a bearish trend and I remember that during holidays the price tend to drop but during bull run it doesn't happen when in 2018 it does then completely gone to bearish.

We can't really expect what's going to happen in the market but one thing is for sure, this bearish trend will pass. It's time to buyback with its cheaper price actually since during bull run you won't get this price and imagine how long you would wait to see this price again?

Until now we are still optimistic that the market will continue to improve, slowly the market continues to rise and I'm sure in December it can rise at least 10% or reach $ 19K, of course many things can make bitcoin can rise again and in my opinion negative issues such as the FTX case can subside.

The negative issues from the cases that have befallen FTX can indeed subside, but that does not mean that the world market and economy will improve soon. Because as long as the recession and inflation are still happening at this time and also in the next year, improvements in all markets may take a very long time to happen and even take a long time for this.

For the price of Bitcoin itself, I personally still believe that it will increase as long as the increase is not in a larger range, because corrections and decreases can still occur suddenly at this time and that will make traders and investors a little reluctant to bring more money into the market.

We can't expect prices to rise after everything crypto has gone through the course of 2022. A lot of things need to settle down, before crypto could rise back to its former glory. The FTX collapse is very similar to the Mt. Gox collapse, so it's likely confidence into crypto will be restored after some time has passed.

I think Bitcoin will continue to decline in price, especially when "The FED" will keep raising interest rates. Maybe it'll go as low as $10k the next year? The crypto market is widely unpredictable so we can only hope for the best. Just my thoughts :D

I feel like it has been long enough time. I get that FTX is recent but that doesn't mean that we are looking at something just recent, we are looking at everything together, we are looking at all of 2022 and how it has gone down. Doesn't mean that we are not going to see any more bear market, of course it can continue some more but I feel like we have seen all we should see and from here on out we should be starting to just go up.

Enough with everything that has happened and time for us to start to heal. Maybe I am just alone with this thought, but I am sick and tired of all the bear approach to crypto, too many people lost hope, we should be starting to gain that a bit back.

I don't think there will be anything which would affect bitcoin price to go lower than this price, the aforementioned tragic that was caused months ago coupled with FTX could have been the major things that would have brought it to the lower part of 10k or even lower but yet bitcoin still survived the heat and keep dangling around $15k to $18k, i believe the next movement would likely touches $20k within the remaining part of the year.

We never know what will happen in the future, and if it is something that is really bad for crypto then the market can never escape the panic of traders. $15.5K was the lowest since bitcoin's last ATH so far, but it's always possible to find another low even though bitcoin is currently trading at $18K.

FTX events are something unexpected for crypto, but something like this has been warned by some users. So it's always possible to see another bad thing happen to crypto, especially something that will impact the market. Right now I'm really hoping $15.5K is the low for 2022, so there shouldn't be another low for the rest of the year.

It is nice that bitcoin is finally trading above 18k as this is a price we have not seen for some time, but just as you mention a new low could always happen, after all we know that whales are not above manipulating the market and this could be a bull trap, with this in mind it is important to always try to remain as objective as possible when we make our predictions so as to not become a victim of their schemes, as it is possible many traders will begin to trade aggressively the markets only to lose even more money if we get yet another drop in the price.

The price of bitcoin is still fluctuating, FUDS which is increasingly massive after the FTX case makes many people sell all Bitcoin assets, but this month looks stable and has the opportunity to rise, but we must be prepared and vigilant because bad trends can happen again and make the price will drop again.

You think so?
Another low might be possible although we have lesser days left to roll over the next year but let's see what would be the outcome of the price action. Hey mate, the last thing you could do is to trust some crypto news or even taking advice from traders which you think that knows more than you just stick to your portfolio and hold  your bitcoin rather paying attention to whatever news that may rose from some people over the media.

Currently there are still a lot of FUDs spread across various online media, social media and so on, many are panicking so they sell bitcoin and of course the price continues to drop, but there is a good thing that the price can still stay at the $16k level, I'm not afraid if the price drop again because I'm focused on long term goals, I will sell if the price can touch at least $45k or 3x the current price.

The rest of the year is only 10 days, so it's highly unlikely that bitcoin will make a new low, but it's all conjecture, as bitcoin can't be predicted. Bitcoin is unlikely to make a new bottom, but it will also be hard to see a spike in bitcoin's recovery for the rest of the year.  The current situation is that I really believe we haven't reached the final bottom in this bear season, I still predict bitcoin to drop below 15k and possibly as low as 12k.
DCG fund is still selling their assets, and the FUd around the asset audits of the exchanges is very tense, so a new bottom is likely to happen soon.

Definitely as per many people’s calculations, Bitcoins will cross 20k usd in this year. I know issues like FTX etc, have really hampered the growth of Bitcoins, but believe me, this time Bitcoins won’t stop. So if anyone is waiting for more low price for Bitcoins and haven’t bought enough Bitcoins, then my friend you are doing a huge mistake. Just buy as many Bitcoins as you can, as next year Bitcoins will break records. Buy Bitcoins now and enjoy profits more than 100% next year. We have to just wait and be patient.

Yes, if we all put bitcoin in our long-term portfolio, i.e. hold it for many years, it is normal for bitcoin to drop in price, nothing too scary. 1BTC is 1BTC, so a falling price against USD doesn't reduce our bitcoin, so why should we worry?  Bitcoin goes down and then goes up, that's the law of the market, so as long as we don't sell when it falls and only sell when the price recovers, we will never lose.

As long as you can still focus on the long term and will never panic with a drop in prices at the end of this year. One day you will definitely win by getting more profit if the target selling price that you set can happen. FUD has always existed and there is no need to be consumed with that influence for now because the goal of the people who created FUD is to destroy the market and Bitcoin

The most natural thing to happen is an increase in price when there are more people who are willing to hold Bitcoin, not a decrease that occurs. Because the price decline occurs is when there are many people who are still selling Bitcoin due to panic with the many FUD news in various media at this time. And for the size of 1 BTC is 1 BTC, I don't think it needs to be disclosed because as long as the holder does not reduce his assets, it is clear that his assets will not decrease even if their value decreases.

Until Dollar index trades under 103 we are probably in a holding loop as far as BTC price is concerned.   Lower or higher during this time doesnt matter too much, its bouncing around a box contained by the larger situation which is the world greatly favors Dollar right now.  Even after Dollar weakens a little and markets become more speculative there is a second stage of support, previously Dollar was trending down over multiple years and markets were very free and expansive but not currently.

The price of the Bitcoin market will dip until the bearish season is over, the FUDs spread across the online social media outlets are just something that will trigger the bottom price of the bearish market and they are not the major reason the market bearish. What we are seeing now is just the replication of the 4years cycle in which the bottom price will happen through negative news just like when Steve Wozniak publicly announced the selling of his BTC holding in the year 2018 if I could remember.

In fact it will be difficult for bitcoin to break through 20k at the end of the year, currently it is still at the $16.6k level, it is still far from happening at that price.
It is clear that other FTX and FUD issues can hinder market movements from recovering again, now they are still being hit by a red storm, which means that there is still a very small possibility for bitcoin to recover quickly, except for just waiting for really positive sentiment to come.

Next year bitcoin will break the record? What do you mean by ATH? I think it's an exaggeration because 2023 still doesn't determine bitcoin will move at the beginning except maybe at the end of 2023 and even then it won't be a new record.

Not everyone will understand this thing, because they don't know Bitcoin properly. It is important to focus on long-term planning when the market offers opportunities. What we once considered the top price of Bitcoin is now considered the price e bottom. So here's a rough guess as to what the market situation might be after the next five years. Because the price of Bitcoin will change not the amount of Bitcoin. I think smart investors are just strengthening their positions.

Its not really the low price Iam worried about to be honest, thats just the shop dressing for the window shoppers to look on and be impressed or concerned about.   Price is the final result of all kinds of things including just simple human perception regardless of underlying strength or weakness, it often seems as we rise in price when we probably shouldn't or there is just no good reason vice versa we can go lower and it can be incorrect.  
   Duration is more of a real consideration, just whats the time length for this lull.   If people knew a certain price objective at a certain time then you see far greater confidence, its like herding sheep I think.  We have uncertainty ongoing so the price is almost secondary to that overlying influence some it is external imo.

I love your bullishness, we need more of it in these gloomy times.

IMO we won't see anything above 22k for another year, but I prefer to be ready for the worst if it's even possible.

I'm 100% sure of a couple things though:
We'll see another bull run in less than 3 years.
Next bull run will take us above the previous all time high
Bitcoin will never again go below the last bear market lows of 3k USD.

Knowing the above, I'm ready for whatever else I have to endure due to FUD, government attacks, market manipulation and all that. I know I've already won by holding bitcoin and I can only win more in time. There's no way for me to lose.

Make sure you hold as much bitcoin as you can and wait out the fear, as it will pass.

The key on here is that you should really make yourself that prepared for whatever circumstances that we might face up because this market is always been unpredictable.There's no way we could be able to

determine on what the future looks like.Yes, we could really be that optimistic or pessimistic towards the market and this isnt something thats new because we've been through on lots of particular situation

which we do really stick up those things that might happened in the future.It all matters with the demand and there's no way we could determine on where it would be heading.
This what makes this market is really hard to predict or deal with and this is why lots do throw out lots of assumptions and speculations circling around.

Bitcoin price as full of fallen this year nobody can testify that it has profit into bitcoin this the method of the market increment and the market decrement of Bitcoin is something that nobody can tell because I checked from bitcoin records it has been falling and falling again and again throughout the year even the December it also in the state of fallen so throughout the year I will say it is a year of disappointment in cryptocurrency

It's likely Bitcoin will continue to decline in price due to the fragility of the global economy. It's going to take quite a long time before Bitcoin goes all the way to the moon. To make matters worse, the crypto industry witnessed the collapse of a major exchange. This should put additional pressure over Bitcoin's price over the next months.

Our only hope lies on the block reward halving of 2024. Just buy and "hodl" now, to reap huge rewards in the future. Just my opinion :)

I disagree with that and I agree with the guy you respond to. I think bullishness is the way to go because we have been low for a long time and it is time that we start going up a bit more. I get that we have seen lower and lower prices for the past 13-14 months and that causes people some hopelessness and I get it.

But, I never give up hope on bitcoin and the bull run that we are going to have, and I believe 22k is not a year away, I think at most a few months and we are going to see that. Which is why I am fully invested, I do not have a dime that I can spare, all of my spare money is on bitcoin right now and I only have a bit left to live, because I believe it will go up a lot.

Do you know that as we expected the price of Bitcoin to rise in 2024 and in 2025, it might gotten to that time and the price of Bitcoin goes more bearish than the situation we find a price of Bitcoin now, so in nutshell, i want us to know that holding Bitcoin for long term investment, the expectations of having increment in bitcoin should be something that we should expect in next three years ahead or the bullish should come in 2023 because of long term stays of bearish market.

For some, maybe this year has been a year of disappointment for him, but not for me personally because I am still not disappointed with the decline that has occurred this year although on the other hand I also hope that a better price increase can occur for Bitcoin. Indeed this year will be a very different record for Bitcoin even though the decline as big as now has also occurred in 2018 even though the percentage numbers are different.

All hope is not lost. There's still a chance for Bitcoin to rise back up again. We just need to be patient, else we'd be losing an opportunity of a lifetime to become filthy rich. I'm in no hurry to see Bitcoin reach a new ATH in price as long as it works as intended. There's a lot of FUD surrounding crypto, especially after the collapse of a major exchange. Weak hands will sell, but strong ones will buy and "hodl" no matter what.

Ultimately, we'll be the ones laughing while haters will regret not getting into the Bitcoin train in the first place. How far will Bitcoin go will greatly depend on mainstream demand. I think it will go as low as $15k before bouncing back up to $30k. After that, there would be nothing stopping it from crossing the ATH of $64k per coin. Who knows what the future holds for the cryptocurrency? Just my opinion :)

it's true that this year a lot of bad news has hit crypto, but it seems the impact of the news is starting to fade and currently price movements tend to be stable. no one knows the lowest price of bitcoin, but even after this there will be another price drop I am sure that the price of bitcoin will not drop below $13k. most of people say that 2024 is a bounce point for bitcoin, so I believe before Q2 2023 we will not see any upside price movement in crypto market. so invest as much as you can because currently bitcoin price is in the bottom area.

Stable only within a price range that runs in place without any larger increases and I don't consider the current movement to be in the stable category for Bitcoin. And everyone also doesn't know whether in the next year there will be more bad news that can affect the movement of Bitcoin. Even though continuing to invest at this time is not a bad thing to do, what must be remembered is not to immediately swallow anything that is said by other people at this time because what is said may miss what is happening in reality.