Bitcoin Forum

Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.

Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

https://i.ibb.co/ZgGX772/F4-KBICaao-AAct-Da.jpg

Source: https://twitter.com/thescalpingpro/status/1694058998092439603

I don’t think it’ll drop that low because there is pretty much no sellers left. Most people who bought at $50k thinking we would get $1M already sold by the time FTX tanked. It tried to go lower but there just wasn’t any sellers except short sellers who all had massive losses when we rallied.

We just need to be patient because it’s still summer and the markets are very illiquid. Most likely by October or November we will get some movement and hopefully in the right direction. However keep in mind the global economy is not good. If we get a recession then they won’t be good for bitcoin or crypto at all.

There are certain institution that can actually support Bitcoin at the price of $20k, but anything can happen and the whales are playing with the market silently, $12k might happen but let's be more positive this time because we are already experiencing the longest bear market with cryptomarket. What's the reason to panic right now? I see the price  holding to the price of $26k, this is a good sign that the support is stronger that the seller.

Well I do also agree with you with this. I do not think price of Bitcoin will ever fall down to 12k ever again.
But we do not know this for sure. We are seeing alot of fud in the news about Bitcoin.
And all it will take is for something bad to come out about a major exchange like Binance or Coinbase and will see more losses. But I do not think it will happen and we will stay about 25k per coin.

"- 93% of all Bitcoin has now been mined." - So coins like BNB which are already 100% minted and even deflationary should have infinite evaluation?

"- World's largest asset manager Blackrock files for Bitcoin spot ETF" he already have exposure to bitcoin price change by owning 8% of all MSTR shares. So this etf migh be a take profit time for him.

"- Mysterious wallet accumulated $3 Billion worth $BTC In just 3 months" - it could be the idea of ​​snoop dog and his stoned mind. The fact that someone could afford to buy btc for $ 3 billion does not mean that the market is doomed to increase. Well Snoop Dog net worth is around $200M but you get my point right?

"- Europe gets its first Spot Bitcoin  ETF " IMO bitcoin does not need ETF. Its not a regular commodity that is hard to store/transfer and ETF solve many issues. Being excited about bitcoin ETF is like being excited that at the moment when cars began to replace horse-drawn carriages, someone was excited that the latest generation of cars would have a container for horse food.

"- Only 6.3% Of Total Bitcoin Supply Left On Exchanges" fractional reserve allert

"- Bitcoin Halving in just 8 months" - halvings have much lower fundamential impact on price than before.


"- Bitcoin supply shock inevitable" - assuming demand constantly increases.

It's not that I reject the possibility of BTC pump. My investment capital is on the up side too, but I wrote my post to warn all incorrigible optimists that the future may be less colorful than it looks. And it is worth approaching the investment calmly, don't yolo rush all in, so that you do not have to sell everything at the very bottom if the next bull run will be in 7 years not 2 and you are out of money to leave from.

Yes, hopefully it will last and won't drop beyond $12k.
A lot of manipulators will make the price go down wanting a cheap price so they can buy a lot of coins and sell them when the Bullrun comes.

Binance and Coinbase are big exchanges, if they get FUD like what happened to Binance.us which has a legal dispute with SEC, it will have a bad impact and make the crypto price crash suddenly.
We will see the Halving happen soon in the next year, and that will be the start of the Bullrun to reach the new ATH.

TBH there is no way to predict future price of Bitcoin. Price is not moving from 26k$ and it may be a new stable price of Bitcoin. Previously we saw Bitcoin staying on 30K$ for over a month. There is every possibility for Bitcoin to go down from this point and vice versa. We need to be open for bidirectional price swing of Bitcoin at every stage of market. As far as current dip is concerned, there is nothing much to worry as price correction is normal in every market.

I agree that the bottom will not be below $15k like it has been in the last year although a certainty about price is not there. That means it can happen and it can not.
Given that the price rises and falls depending on supply and demand, it is still unlikely that the owner of the asset will sell all of their holdings without regard to the profit factor that will be obtained.

Like you said, if the bitcoin price chart continues to move downwards it will be a very good opportunity to buy.
It will indeed be burdensome for the holders if the current situation continues for the next time that has the potential for panic-selling, but the heavy rain will also stop and the sun will rise to brighten.

I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.

12k usd is very low according to me. I mean Bitcoins might fall till 20k usd, but if it falls below that, then I am sure some whales will buy the coins and hence the demand to accumulate it will increase. Then instead of falling, the price will go up. If you ask me, then this bear market is an opportunity to be honest. Accumulate as many coins as you can in this low price and hold. Then sell when the price booms up.

I share the same thoughts with you. I think we've actually seen the last bottom of the bottom for the bearish season and that's $15k, there's no way Bitcoin is going to take a dive to $8k. So, if there are persons still dreaming and hoping for this to happen, I don't think it's going to be feasible. It is just the normal market condition that dragged the price to $25.8k which might be expected or not, but I believe the market will soon turn green, and the price will retrace back to $30k. With the Bitcoin halving just less than a year from now, I only expect some kind of price spike before the bull season takes off.

nah! Absolutely not!
I'm getting the sense of a usual bear market atmosphere. Personally, I'm not convinced that Bitcoin will go under $20k, but it looks like there's an opportunity to accumulate at a lower price. This is the moment between market lows and bullish. Bull markets make people rich, but become wealthy in bear markets. We should not allow the bottom to not only drop, but take the benefits as well.

To my mind it is already the lowest in this cycle even now it is still far away at that point but more manipulation news about speculation that says bitcoin fell deeper but in my mind it is not so, it remains last year which became the center of its lows.

Sure that it was already on the verge of a decline last year, but I wouldn't be skeptical because we all have faith in bitcoin which holds that the price will not be more than $10k this even I consider the news that continues to be heralded so that more people panic while the whales can buy at the bottom again.

We prove how bitcoin moves down or up. I am optimistic upwards.

Although I don't believe Bitcoin will drop below $15k or up to $12k, but it could happen when there is more negative news that can make people panic. People's panic can get bigger if they read or find other negative news related to crypto, especially Bitcoin.

People who have just joined Bitcoin and have no self-control in reading the news need to be made aware of this. They can be so easily swayed by the words or tweets of people they think are “crypto experts” that they will immediately believe them. And this condition will be exacerbated when they immediately sell their Bitcoin and decide to get out of the market.

Even if they were aware, they could use that moment of deep dips to be able to buy more Bitcoins. Bitcoin's journey will become even more interesting towards the end of this year as there will be more shocks for the Bitcoin market. We have to tighten our belts so we can get through it well. Keep your Bitcoin HODL and accumulate at a low price to get more Bitcoins.

We need to understand that in the cryptocurrency industry, there is no price that is impossible to attain, be it upwards or downwards. For instance, if the price is at 25k, there is no guarantee that panic will not take the price to 20k. If the price gets to 20k, there is no guarantee that panic will not take it to 15k and if at 15k,  there is no assurance that panic will not take it to12k or 10k. That is how it is, there is always FUD to drag the price more downward and there is always FOMO to pull the price upwards.
Personally, I think 12k is too far low for bitcoin. If by chance bitcoin gets to 12k, it means that there is every possibility that bull run will not happen in the next halving.

Going down to 20k is impossible, let alone up to 12k, that's even more impossible. Currently there are many smart investors because the decline that occurred in my opinion is a healthy decline, and does not make them panic sell.
and although some still panic sell when the price of Bitcoin drops, they may still be very new to the industry. And this is natural because that's what we experienced at that time, and in the end we won't panic when the Bitcoin price drops and instead get into the habit of buying more Bitcoin because that's the best discount. So things like that are what they will feel because it is something new and it will be their experience that will not be repeated, so it is unlikely that the price of Bitcoin will drop that far given the ever-increasing demand.
This drop is the best moment to collect more Bitcoins, and save them for the long term to make a satisfying profit.

Negativity on major exchanges is not affecting the Bitcoin price as negatively as it used to. This is good news for Bitcoin. At the same time, the reason why this news doesn't affect Bitcoin is because Bitcoin has savvy investors. Maybe the reason why the price isn't going up is because they can't get Bitcoin down to the price they want. So they may not be collecting the amount of Bitcoin they want.

I don't think the price will go below 20,000. We have to be patient. Bitcoin will go up.

Whenever there is a dip we have so many negative speculations about Bitcoin that price is going very low and we have also seen that all such speculations have gone wrong till date. I don't know why there is so much negativity in market after there is small price correction. See price of Bitcoin is very much stable at 26K and there is very little chance that price drop below 25k$ or 26k$. Its time to put your faith in Bitcoin and avoid all the FUD spread in the market.

Institutions can be whales too, so we shouldn't expect them to support bitcoin if it drops to $20k, and maybe they are the ones looking to push bitcoin down even more.



If we look at the 4-year cycle of the market, we still have a long way to go, we are only 2/3 of the way there.


I really want to know the thoughts of those who believe bitcoin will drop to $12k, because I can't think of any reason.


When bitcoin was trading at 30k for a long time, and if I remember correctly, bitcoin was sideways for almost 8 weeks before falling, and many people thought the same as you. People believed that $30k would be unbreakable but eventually, bitcoin dropped to $26,000. We can be optimistic not to be subjective with the current market situation.

For me, we have reach the bottom already for this bear market when we go down to $15,500 last year. The only what that we might see another lowest low is that if we have another black swan even like Terra Luna and the FTX collapse.

So far the dip that we have has something to do with Elon Musk (as first speculated), or some bad timing in the Chinese market causing a huge dump.

But hopefully, there will be no black swan event this year, thus we might not see the price going below $20k at least.

I also saw this on my twitter and I also believe bitcoin will never drop to 12k in this bear cycle, we actually bottomed and it happened last year. If those people still believe that bitcoin will make a new bottom and are still waiting for it, they will regret it like they missed the $15k bottom. The halving is still far away and the market will still have corrections, it is inevitable but bitcoin will never drop below 20k again, IMO. People will say that the future is unpredictable but they themselves are not certain that bitcoin will drop in the future, so be confident with your predictions.

You are right in your approach and it's a fact that Bitcoin won't be dropping to $12k price mark anymore. I know that in coming days or weeks there can be another dip in Bitcoin's price but it won't be very intense. The Bitcoin may also recover some of its value in coming days that it lost due to the recent dip because I believe that the investors are once again interested in it and they might want to accumulate more of it and wait for halving event to take place. Most of the investors will probably wait for the next bull run before selling their holdings.

Those investors may hold Bitcoin for a year or two to gain more than 100% profit form their investment and I believe that if they have good capital to invest in it right now then they'll definitely make good returns from their investment. I believe that if a sudden event takes place which may create a dump in Bitcoin's price once again then during such dips many of the accumulators will try their best to accumulate as much Bitcoin as their financial condition allows them.

According to the statistics and the charts there won't be any event that could take the price of Bitcoin to $12k once again, but still if that kind of event takes place then the condition of the crypto-market will be very bad. Most of those useless shit-coins would be 0 in value and a few of them would lose their value by a huge %age. But, only a very catastrophic event could bring Bitcoin's price back to $12k because in normal dips or market dumps the price won't drop so drastically.

Right now the trading volumes are low, which opens the door for high volatility. The price might drop to 15K USD, because there aren't enough buyers, but it might go up to 30-35K USD, if some big whale buyers appear out of nowhere and start buying. This might also create a small FOMO and a short term price bubble. Nothing is certain. Let's see what will happen with the Blackrock ETF. I believe that Blackrock is completely capable of pumping the market to ATH levels(if they really want to) ;D. On the other hand, we might see the market stagnating during the last 4 months of 2023 and a price recovery in the first quarter of 2024.

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

This one will not happen unless there's no big crypto institution collapsed or some strong laws disallow the usage of bitcoin globally. But if there's no like that and good news are always bound to come then maybe we can expect that this incident will never happen and bitcoin will remain to its current low and possibly may pump up again until it reach to its new all time high which is long waited to come by many investors.

I think that if the price falls below $20k, the fall will continue to the level of the previous bottom. By the way, this already happened in January, but people were afraid to buy and many thought that the fall will continue. So if the price falls again, there will be panic in the market. Such an opportunity should be taken advantage of.

Those who make new laws against anything must also go through research or analysis that is more logical because for any prohibition there must be logical reasons that have been examined before passing the law. So what has been seen so far is that there are no specific laws in any country to prohibit the use of Bitcoin so that the possibility of a price increase to reach an all-time high could still happen to Bitcoin. Because there are still quite a lot of uses and it is still quite popular.

It's like that we're passed with that price already and if the price is close to that then that should be the $15k last year. Although I'd believe that there's still the chance but it's much slimmer. And prior to the halving, this gives the stronger point for Bitcoin that we likely have the new bottom which is $25k-$26kish. And just not to hurt my feelings and thoughts about how volatile Bitcoin is, I'd always think that anything is possible even if we're far from seeing it happening, we will never know if the price is gonna be lower or higher any moment from now. A pull back or a strong push is always likely to happen but I'd side to the benefits of halving.

At least I don't think there is the best reason to expect bitcoin price to drop to $15k in 2023 - 2025. But the bad things about its future also can't be ignored including regulation or otherwise. Of course it can have a significant impact. I believe bitcoin can still correct, but not for $15k when bitcoin is getting closer to the halving. Long term investor strength and support will keep bitcoin price above $20k and will probably get better over time until it hits its latest ATH.

We know that on this market, everything could really happen. Even if its too far off on where we are now but if things turns out to be shit specially tons of negative news then it wont really be shocking that it would

really be driving the market price down on which this really that something that could possibly happen knowing that this market is truly unpredictable.You cant really blame out those people who were expecting
for 10-12k price knowing that the price had bottomed 15k for this cycle as its all time low and there's a possibility that it might be touching up something lower but in overall it is really that hard to believe on
about on reaching up that low since we do have some strong supports below those prices on which we could really be able to see it on technical terms and analysis.

If you do believe that the price would really be going down on $12k then its your choice and not something that you could really be stopped just because everyone is really just telling so.
Act according into your own ways and analaysis.

With the low price of bitcoin in this year's bear season, it will be difficult to know what price it will be, whether it will fall further to $20k or remain stagnant between the price of $25k-$26k for months before it starts its upward movement to $30k-$35k at the end of the year. The price direction of bitcoin currently is kinda confusing for one to know the exact way it will be heading to

If bitcoin were to fall to $12k-$8k, it would have done so in the second quarter of the year, not at this time there are still a few months until the halving season in which it plans to achieve that (drop to $12k). If the price of bitcoin continues to drop, from its price of $26k, I think it might hit a minimum of $20k, which would be around September.

Someone is actually watin on the price to fall back to 12k ? Wow that's really big time plan because I don see actually dropping that low and more over even this sudden is a good enough opportunity to buy but although many people have seen it differently because they are afraid and are selling their holdings thinking the dip will move further which is actually a very bad choice because before ever they started they would have thought on the volatility of bitcoin and made a good investment plan before running off like chickens and selling off in spike of a little dip.

First – nobody knows about the future, even you never know what will happen tomorrow. Bitcoin has two potentials - the first is good potential ^{[price goes up]} and the second potential is bad ^{[price drops unexpectedly].} Both are good to consider - even if you really believe in your analysis. There's no need to ignore either one - but you only need to make adjustments the next time you see that $12k in front of your monitor.

I mean although I do agree that "anything" could happen in the crypto world because "technically" speaking it can be both 12 dollars and 12 million dollars since they are all possible, I also think that we need to be realistic about it too. I do not see it becoming either of those, and also 12k as well. Is that possible? Sure, if we are talking about technicality then we can say that it is possible but also just as I know it won't be a million dollars soon, it also won't be 12k as well. This doesn't mean you should think exactly the way I think, you could have your own opinion and think however you want, this is just what I think about it and act accordingly myself.

I mean I've been waiting for a long time for the market price of Bitcoin to drop around 10k$ but it doesnt happen probably that price was just too low for the market price of Bitcoin today we already know that Bitcoin adaptation this past year was just huge and there are already a lot of users that came into cryptocurrency just because it is already adapted into a lot of platforms and even banks.

For sure there is always a possibility that we can drop to 12k$ in the coming months or years, I mean the market is just unpredictable so it is still possible but I just dont think it is going to happen because there are a lot of investors, and newbies that want to and interested on Bitcoin when the market drops a few percentages a lot of investors are going to go in as well pumping the market price back to the top an again if the market price drop to 12k$ it is for sure going to bounce back easily

Any price can register briefly in theory with some low amount of volume, the bigger deal is how significant is that low volume outlier price towards actual mainstream volume.   I did guess that 2019 peak prices could now also register as a very extreme, then we lost the negative 2022 trend and it should be the case the low is in and proven so that possibility has passed.  
   In this current action once again people believe we can be tested to that extreme and a new low not seen in 4 years will happen so this is all very bearish.   My main point is not all prices are equal, the volume and confidence in the same price tends to vary alot; the low might only briefly register and be low confidence as valid.
   Are we more negative in sentiment now after the interest rate rises and market falls, I thought the greatest negative would come in speculation rather then after the majority of rate rises occur.   The dollar and its index to the world via Forex and other trade is about as tough as its going to get, we are above 100 Dxy but imo its quite possible the Dollar can waver and lose 100 trading below.  If others believe that possible they are ready to buy alternatives to the Dollar such as BTC or many other commodity type assets that traditionally trade inversely.
    I would not guess now a new low, thats my summary we are revising previous gains since the 2022 low but I dont guess there is another negative to do more then reduce our confidences, people arent especially wanting to sell imo.

Where did $12k come in the first place? I reckon we'd discuss such price levels when Bitcoin reaches idk, $15, $17k? instead of its current stand at $26k. I believe there's still a possibility of it dropping by the late end of the year, but I wouldn't expect it to go past $20k. Even if it does, I believe the $15k we experienced a few months ago was the bottom the market would go, at least for this cycle.

It's not a rush as well imo, still have a few months left so I don't think there's a need to rush. A DCA with higher increments could still benefit you while still having risk management in place imo.

$12,000 is too bearish a scenario, I don't know who even thinks about $8,000.


I guess they get creative and draw lines on charts and come up with those dots.

Of the points cited, the total number of bitcoins mined and the proximity to halving, make one think that the bottom of the cycle has already passed. As this has been the worst cycle for profits, for the price to go down again, piercing the lows of this cycle to that price, would be something unusual and I don't see any logic in it.

I also have a hunch like you. The $15K limit is the lowest support at the moment and if it breaks even lower, for example, like you said $ 12K is far from being a fire even though we know the market is volatile / very wild and there is talk from Powell that he might plan to increase interest rates return interest. I think the possibility of the decline will end soon.

I don't really think that the whales will make the market go as low as $12k because that will then make it extremely difficult for Bitcoin to get back to its previous all-time high and beyond it and if that doesn't happen, the whales won't really have any benefit for doing that. Also, if that happens, there will be a lot of panic and FUD in the market that will make an extremely high amount of retail investors sell their assets which will further decrease the price.

However, I don't find that happening anytime soon, I can't say anything about the next cycle when the market enters the bull market, goes beyond the previous all-time high, and then starts reversing, then it may drop significantly but I wouldn't expect $12k even after that.

$12k was not expected even when FTX had crashes in the past. This cycle will end when there is positive news regarding bitcoin - so I wouldn't panic about the potential downside. Bitcoin is not going to be dumped too deep - although it is a possibility, we may need to see there is a big case affecting the market.

We all don't have a crystal ball in our hand - meaning we can never know the future. Cycles will replace to others - but I tend to expect bitcoin price to recover as it gets closer to the halving.

At this point of time in this bear market cycle, I do not see the possibility of Bitcoin going to the price of 12k again, though before I was expecting such a price when we were at $15k per Bitcoin. Right now the worst-case scenario that Bitcoin can do is revisit the previous low of 15k. And from there I'm expecting a quick recovery in the of Bitcoin back up.

Well, I don't think Bitcoin will plunge to $12k even there's a certain reason for other investors to panic and sell at loss. Many are influence of FUD but there are also investors who are waiting for a much lower price to take advantage.

Bitcoin's price is low at the moment (due to various reasons) but if we look back on its history, this also happened in the past since we can't expect the price to move upward consistently. Thus, bear season is not that bad since you can do something to increase your assets and that is by accumulating while the price is cheap.

Need bigger scandal news to cause panic in the market and in the end many will do panic selling, but what kind of scandal will create big panic?
because the FTX scandal is also not enough to make the BTC price go down very much, so I agree with most people here that BTC will not go down that deep, because the big holders of BTC will continue to make adjustments in the market to keep prices in a reasonable range. Bitcoin has become the concern of many parties so that prices that fall very deeply in a short period of time will be very difficult to happen.

When bitcoin drops to $15k due to FTX crash, I also predict bitcoin to drop to $12k or $10k. But things didn't turn out that way, and bitcoin quickly rallied to $30k this year as well. Given what is going on, we cannot say that bear season is over and bitcoin will continue to fluctuate. But getting bitcoin to drop below $20k is also a challenge, let alone reaching $12k. People always theorize about black swans or other reasons, but I believe nothing serious will happen. We have bottomed during the bear season this year and we are in the accumulation phase preparing for the bull season.

Well, prediction is prediction, nothing is accurate in this matter, to be honest. But we can gather many ideas from the various predictions of other communities here. Anything can happen with Bitcoin, and we all know that here. Now, in my personal view on the matter, I can still believe that the lowest Bitcoin can reach is somewhere between 15k$ and 20k$, not the 12k$ point that others think. Now, why did I say this?

Besides the volatility of the cryptocurrency market, it is really difficult to predict the future price of Bitcoin. One of the things that is possible considering that the 12k$ is unlikely to happen is because Tesla and MicroStrategy have already invested in Bitcoin, and we all know that what they did was a great help in stabilizing the market and attracting even more big investors. in the whole world. What else? The new technologies that the Lightning network now has can help increase adoption so that the price of Bitcoin will increase even more and it is more user-friendly. These are just some of the things I can say that are really vague that fell to 12k$.

How about if bitcoin wants go down and take enough strength for the bull run. You will agree with me that for price to do +50%, the coin must first at a point do -50%. I am seeing bitcoin retracting to get enough strength to give us the desired bull run. I am not always offended when the price is going as it is going now because I know that the green days must surely come.
So, 12k is very eminent, it takes only one strong bad news  to create a huge FOMO to destabilise the whole market.

It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.

During this year's bear season, my conviction remains steadfast, I also don't believe bitcoin can drop to $12k. I believe there will be no more black swans causing bitcoin to be dumped so severely. But I don't think the fact that bitcoin can't fall that deep is due to the halving, the halving is the catalyst for a bull season, but that doesn't mean it can prevent a bitcoin drop. And we also lack evidence to prove that bitcoin will be range bound between $20,000 and $30,000 until the bull season kicks in. When it comes to bitcoin, don't claim anything.

Ever since Bitcoin went above $10,000 a few months after that pandemic crash back in March of 2020, I knew it already that it will be the last time we will be seeing Bitcoin's price at near the $10,000 price.

Though anything is still possible, the chances of Bitcoin going down to $12,000 or even $10,000 are very low to near to zero. I mean the Blackrock filing for a spot ETF alone is enough already to tell that it will not reach that price again, but on the other hand, it might still happen if the filing will be rejected most probably next year. This filing is kind of like "we reach $100,000 in no time, or we go lower than the lows of 2022 at $17,000, and we might reach $12,000 if it gets rejected".

Overall, whatever the data we share here, whatever the charts we share here, whatever videos we share, all of us are just speculating because after all, we don't know what can happen to Bitcoin's price. Yes we can speculate base on history, but the truth is, there's always a chance for the other thing to happen. It's all a probability, not a certainty. As for Bitcoin going to $12,000, I guess Blackrock's filing get ejected is enough to put it down to that price again, or a series of negative news that have a huge impact towards investors might bring the price down to $10,000-$12,000 "AGAIN".

Some of the speculation is not proper the way I looked at things, a speculation of bitcoin is a speculation and we don't have to depends on bitcoin  speculation properly, so bitcoin  can rise and fall's its the normal life styles of bitcoin starting the beginning and the introduction of bitcoin, but I know that falling of bitcoin price is very necessary but I don't know while is that someone will speculate what can never happen and it will happen is not in this year, since Bitcoin have started falling and rising bitcoin has not fall beyond twelve thousand since 2017 till date, but according to some speculation they analyse and predict what can never come to accomplish in cryptocurrency and especially bitcoin

Only a lot if you read the wrong sources. There's a few short sellers who want to spread this FUD that we're going to get a new bottom because they want it to happen.

What I've learned over the years is that there's a group of people who call themselves analysts, but in reality they're influencers. It's all these dudes who publish videos and try to sell courses or VIP tickets where they'll supposedly give you more data and real trades to follow. These people are actually bad traders. If they were good they'd make money this way because by taking a good long or short position you can make 2x more than once a month. They prefer to sell you courses for 1k because it's a sure gain. Why wouldn't they leverage that 1k and make 2k in a single trade? Because they have no idea where the market is going, but nothing stops them from selling their bullshit.

Who's that trader who claims that we'll hit 10k this year? Soloway? He was calling for 12k bitcoin at 16k and then we went to 31k so he doubled down because he's already a laughingstock, so all he can do is pray for that 10k so he can say I told you so.

Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.

No i don’t think that. I think we already passed from the bottom. Today we got a very big positive news, Grayscale wins lawsuit against the SEC. And after this big news Bitcoin Price pumped hardly and still pumping. Now bitcoin price avabe $28k. I think we already passed bear market and started bull session. So there has no possibility to go $12 Again.

Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.

Yes, and just look at the price right now, almost 6% increased in the last 24 hours, I haven't check the news though, was caused this bounce back, but it was just about time that at the end of this month, we will see some recovery.

And then we have witnessed the lowest low already. And hopefully there are speculators who take advantage of it and at least bought during the dip because that's what we are preaching.

And in the end whoever bought the sauce and then stored it for a while would be able to get their hands on proof that it was a profitable move. Bitcoin has shown a recovery session in the last 24 hours where the percentage increase was already more than 7% a few hours ago even though it is back down. There's no greater fear than going against oneself in making decisions, but if they are the experienced ones then surely a dip is the best chance for accumulation.

Bitcoin could drop to $12k in the future if regulations and several well-known platforms collapse causing great panic. Whales or holders of large amounts of bitcoin can also influence it, but I believe they will not do ridiculous things to their detriment.

There is no point arguing about it at all, a bull run is not coming at the end of this year, now could we see some growth? That is possible, but not every single positive movement on the market can be called a bull run, right now bitcoin is experimenting some growth after a positive fundamental news was announced, is this a bull run or the beginning of one? Of course not, this is simply a correction that took place as the price of bitcoin was too cheap already.

A close past the 200 day average today seems to be likely and the average itself is rising.  We can hardly believe BTC is negative when such things are true, the price action itself recently has been quite negative but the wider framing to that movement is not yet fully reflecting this negative scenario as outlined by OP.
   I believe we are most correct to assume BTC continues to fight on, it might be a messy fight falling on the floor sometimes but lets call it drunken boxing style and its still able to deliver these knock out days like today of about  6%.   In rude health I believe is the term :)

Only noobs would be saying that +5% current upward movement in price can be called as a bull run but for those people who had been on this market for a while would definitely be seeing this as a normal movement of this market on which its never that something new if we do speak about these kind of volatility but there are some price predictions or sentiments which are really that already that too optimistic or at the same time it cant really be just that possible because we've seen the price drops down on 15k doesnt mean that it would push through 12k but those are things to be talked about
when the price is still there on that point but since we are already past beyond those numbers then it is already that a long shot on getting back into those points.

Now that we are heading back to 30k then we can definitely say goodbye into those people who are still hoping for 12k price which i couldn't really blame them on. Speaking about probability
then we know that this market is really having that kind of possibility but there are things or moments that speculations are really that way too unrealistic.

I was thinking it was going to be around $25k-$26k before the end of this month because it wasn't showing any sign of bumping but as of 2 days back it began to go up, just yesterday we saw how fast it went from $26k-$27k in 2-3hrs I suppose.
I haven't seen it move so fast, with all these happening it got me believe that it won't remain at $25k till the end of the month and it will never get close to $20k talkless of going down to $12k. And today's going to be another bump, who knows it might even get to $30k.

Fast up, of course, fast down, well, Sundays usually go down if I notice there is a lot of BTC selling, even with small amounts in the market during that time. but, I think it's reasonable. Yes. today's increase could be a healthy sign for the market going forward and up again BTC price to $50K if possible.

Based on the current moved of the price of Bitcoin in this month of August, prove that the price will not decrease more than $25,000 before it will increase higher for holders to experience Favour from their holding in the market. If you are still waiting for the price to dump to $8000 or $12000 before you can buy Bitcoin, I think you will miss your opportunity in this season because the price is not going down below $25,000 this year 2023. I think, you can see the way the price of Bitcoin improved to $28,000 yesterday before it dump to $27,452 few hours ago to alert those that missed the opportunity before to use this period to buy and hold until the price increase higher before they can sell.

Bitcoin won't be able to drop to $12K this month or until the real bull season arrives, but to say that bitcoin can't drop to $20K, I'm not sure about that. That won't happen this month or next, but it's a long way from now until the next bull season and anything can happen. $20k is the long-term goal many predict for bitcoin, many believe it will drop to $20k before entering the bull season. I don't know if it's possible, and I don't believe in any technical analysis, but from my experience, it is possible.

This is true and unfortunately there are still some people who create some fud about it. I do not know why and what the reason is but I could say that it has been on a full effect recently and it looks like they are going to keep doing it for a while longer as well.

I get that some people may want to see it change a bit but that doesn't mean that it will, it will be very different on the long run. I think the best case would be having some sort of trouble where it will not be simple for anyone to end up with a good result. I think it should be forgettable cry for help or something from trolls and we should not really be caring about what they are saying and the price of bitcoin will do just fine without a worry.

I haven't noticed that Sunday drop but it can be a day where you see it move to a figure that'll leave your mouth open.
I disagree with you on what you said about Bitcoin price move up to $50k, not today or the next 3 days, no matter how it's going up it can't get to that amount, if you say something like $35k I might agree with you but not $50k...oh come on. But for now the price isn't showing any sign of going up, let's just wait.



Good thing you don't believe in technical analysis and you shouldn't believe in predictions until it happens but when you say it will drop to $20k base on prediction I don't believe that because it has a destination or target which is $60k before the year runs out but if it doesn't click $40k before end of September then $60k isn't possible anytime soon this year.

Usually though, in weekends, gambler sell some to enjoy their profits end of the week. But what a break we have right now, and so with that, we are back again to $27k++ and there's no going down to $20K or even $12k.

So this is what you describe, fast up, fast down, but there are wise investors who knows how to take advantage of that situation and perhaps have bought a lot of bitcoin during the decline to $25k. But now, it's pure profit for them and this could be a sign that in the last quarter, possible to hit $50k or higher.

The only reason I see is that a, creating FUD might give them the opportunity to buy discounted bitcoin at those who are selling because of panic. b, those who really hates bitcoin and will say anything to destroy it. Fortunately, it's not going to help specially that the market remains calm even if we dip to $25k.


Yes, just ignore those trolls and just keep calm and just like what the majority is doing, just stack up sats and we are good to go. And if we have done it, just look at the turnaround as the price is going up again. Which means it could have made us profits already.

There are numerous reasons why Bitcoin might experience a price increase, as you've pointed out in the original post. However, due to the inherent unpredictability of the market, there's no certainty that the price won't decline during such lows. I've observed several instances in the past where despite positive news, Bitcoin's value still decreased. One of the primary reasons for this phenomenon is likely price manipulation, which could still be ongoing.

From a personal perspective, I'm prepared for the possibility of a price drop and won't succumb to panic. My optimism stems from the belief that the mentioned factors are sufficient grounds for Bitcoin's eventual recovery, leading to a price increase that might even reach a new all-time high following a halving event.

That's what I have been saying, people don't need to wait to see if the price would go down further before they can buy Bitcoin. Smart investors maximize opportunities like this to buy more Bitcoin and anyone who missed out on the opportunity to buy when it was $16k - $20k should do same. Waiting to see if the market would crash further before taking a position is not a good idea. As you can see it is currently trading at $27.3k, the chart is beginning to spike up and market is gradually showing some signs of green. Grabbing a bag or doing a DCA is the best thing to do.

BTC movements are unexpected. Even it is pumping it can suddenly dump hard but now that we are still at a bearish situation, the more the chance that we can reach that price ( $12k ). A fall in the price is really an opportunity for us investors and it's better to not be greedy and wait for more dips but you can set aside a little fund just in case the price falls evenly.

You can't get rich without a bear or a bull. So both of them are needed. We don't or we can't control the price. The price can just drip continuously if it wants to, but we can scratch our heads if we haven't prepared a budget for it. There are also people who have money but are not buying. In fact they are scared. These people are not briefed properly before they start.

Bitcoin has given response of where it is going by making a strong come back yesterday. It funny to see how crypto analysts changes there perception about Bitcoin with every pump and dump. Yesterday analysts were discussing whether Bitcoin will be going to 20k or 12k,  after yesterday bull run they are discussing whether Bitcoin will settle at 28k or 30k. We have to admit that there is no way we can predict future price of bitcoin and its better to accumulate Bitcoin whenever it goes down.

This is rightly among the funny things that happens in the market. When bitcoin price first hit 25k few days ago, every speculations and predictions were pointing to 20k, 15k and 12k. Just within few minutes that bitcoin made an upward movement, every speculations is now 30k qnd 35k. No one predicts accurately the bitcoin price and that is why it is called speculations. The best that can happen is that some will be very close to the real price while some will differ much. This is the reason everyone needs to do their own research and be responsible for their actions.

$20k is still possible but for $12k, it's really something that I don't believe bitcoin will touch as we are getting closer to halving and the macroeconomic situation is out of the question too many difficulties like what we face in 2022. I think the people who believe bitcoin will drop to $12k are the ones who missed the opportunity to buy bitcoin when it dropped to $15k and they are expecting to buy bitcoin at a lower level. But they will be disappointed with their prediction and will buy at a higher price as the halving approaches and the bear season will soon end.

It shows that bitcoin has always been inclined to go against the expectations of the masses and I suspect that someone is manipulating us more than things come naturally.  but it's all just predictions and there will be right and wrong, there's nothing sad when people predict wrong because they also say it's a prediction, they don't confirm anything.  bitcoin is always moving and volatile in short periods of time, so people will change their opinions depending on the market situation, this is completely normal.

The sign of an increase not only speaks of possibility, but also involves the time needed for Bitcoin to show an increase because currently Bitcoin is still below $30K. So it won't be easy enough to increase to the $50K range if the $30K resistance level can't be passed easily enough by Bitcoin this year, so it's possible that what Bitcoin needs now is a push for a better price increase to get past that level and approaching the $50K range by the end of the year although I don't think that price will happen this year for Bitcoin.

You're right, a bear market should not be seen as the period to fear about what we have invested or have a change in decision, we could also see again as an opportunity for others to take advantage of bitcoin investment against the future, when we have a favourable dip period to enter and invest, then we can have more enough reasons to continue holding till we experience a new all time high, if we are traders, we can make the opportunity in it as well in going on a short position trade to earn from it.

When the price increases, it only proves that there are more buy orders then sell orders. It also defies that the demand to accumulate Bitcoins among the users is increasing. So it’s always wise that when the price is down just accumulate as many coins as you can, and when the price goes up, just sell it to accumulate the max profit. This is followed by all of the traders. So don’t hope that Bitcoins will fall more down in price.

I feel like we are going to end up with something that is a bit different in this case. I do believe that there is going to be some changes here and there, but that doesn't mean that we are going to have a better solution. It's much better to have a reason for it to go up then just think "well technically speaking it could go down even more" because that is not really all that smart in the end.

I think it should be important to notice that we are going towards higher prices, that is what will be happening. I know many people think that it will be hard deal, but we need to realize that is the case we are facing right now and it has to happen one way or another, it is just the natural part of the process at this point.

What you've said is the basic trading practice followed by the traders. This isn't for cryptocurrency alone, everywhere this is the same. Price movement of bitcoin is unpredictable. It could go down to any bottom point. In the past when the price was predicted to be around $5k it continued to move slowly and touched $20k+ and later the price touched around $3k when no one is expecting such a bottom. Even now we can't be sure of bitcoin reaching specific price and not lower based on some assumptions, reality could differ and we should be ready to handle situations.

$20k is where its gonna bottoms out, even we've seen $16k this year around but after the price recovering back i'm sure $20k is where people gonna bag it and thus gonna be the bottom of bitcoin.
even though this year i don't really think bitcoin gonna go past $30k since the current circumstance doesn't show that good.
but i'm sure though that in the future lik in 2024 and 2025 bitcoin gonna be regaining massive new all time high that gonna shocks many, bitcoin always known to make comeback after certain period of bearish run in which in this case
we've gotten too long of a bearish, and everyone is already making accumulation at the bottom i guess, so its only gonna go up in the next year though everything still uncertain.

Our only problem is that we are in a bearish market for Bitcoin. The global economic market is currently in a very dire state due to which everyone is in a state of panic. The Bitcoin market will definitely be bullish in early 2024 as the Bitcoin halving is awaited. So if we don't choose the right time to invest then the current time is the right time. Because the upward trend of Bitcoin can be observed from November December this year.

Bitcoin after making a jump to 28k is now trading at 26k. I haven't checked news yet but I am sure analysts were busy convincing people that bitcoin is going bearish and price will be soon 20k.
The point is bitcoin is fully volatile all the time and no one can predict what path it's price will chose tomorrow or day after. Seeing recent small bull run its good opportunity to accumulate the discounted Bitckins.

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins.  It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

In cryptocurrency everything is possible because as we think about history so people experience each and every type of circumstances, they experience 15k$, 12k$ and even they see the Bull run of 69k$ so we can concluded that everything is possible and we should mentally accept this fact.

The price remains between 25k$ and 27k$ which means that it is not effected too much by news and people still believe on the success of bitcoin so hopefully it will increases in price instead of going back to 12k$

The only reason I can think of is that last year we have seen lowest low of $15,500. So maybe the OP thinks that we can go below to $12k if there is a black swan events similar to FTX collapse last year that really put the market down.

However, we might or might not see some events unfold for this year. And it by chance this quarter there is no such things, then I doubt that $12k can be reach. And after that, 2024, we will have the bitcoin block halving and so the bull run will commence.

You seem to be a forgetful person, do you remember what happened in 2020? As halving approaches, bitcoin suddenly drops from $12k to $3k.
I don't understand why so many people theorize that bitcoin will drop to 12k or 15k and not some other number, but anything can happen.
Furthermore, you also don't forget that the bull season will come a year after the halving if we rely on history, so claiming that the halving is approaching and bitcoin will never drop is an unfounded prediction. I don't know if bitcoin can drop to 15k$ again, but it is normal for bitcoin to continue to fall and have many corrections even when the halving occurs.

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless,  I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

It’s the typical pattern for trading since dump represents take profit from traders who purchase lower including those who cutloss. There’s no continuous upward pattern because it will only create a bubble that will popup eventually. Price dip is always almost equal to the price pump so expect a strong dump whenever there’s a strong market hype because people will surely take profit since we are all trading for profit here.

12K is still possible since those institutional investors that holding huge chunk of Bitcoin has time limit since they have investors to be paid. Price can go down way below once they decided to cutloss which I believe very low chance to happened right now but there’s always a possibility.

To summarize briefly, bircoin will not fall to the $12k mark, because the amount of positive news prevails over negative. This creates demand for bitcoin among investors, which pushes the price up instead of down. For the price to fall to the $12k mark, something extraordinary must happen, forcing bitcoin holders to get rid of this asset in fear of a price drop. Of course, there is no guarantee that this will not happen, but in the current realities, in general, the crypto market is doing well, given the positive developments that are taking place (list from twitter above).

I agree with OP and with the statement that the price of bitcoin will not fall below $15k. For this, the prerequisites are not foreseen (still be able to foresee them). This is my speculative opinion. And if the price does reach this level (which I strongly doubt), then this will be a great opportunity to accumulate cheap 123btc, which I believe will not happen soon (if ever the opportunity to buy bitcoin for $12k arises).

Price is not an indication of real valye behind bitcoin, so keep in mind that even if they manage to pump or dump it to a certain level it's all being done on a very small portion of the total supply.
The proper term for this is lack of liquidity, I'm sure you've heard of it. If an exchange continues to trade on 1% of total supply and things stay in balance, you just need to double that in fiat value (pump), or bitcoin amount (dump) to crash the price.

I think that we are not going anywhere below 16k and that was the bottom. It was already much lower than people expected based on the previous bear market lows.

I don't think that Bitcoin will fall to the level of reaching twelve thousand in this year, because many people is investing in Bitcoin and if people is investing in Bitcoin we don't have to say that Bitcoin will fall to the extent of dropping to twelve thousand, so what i want us to know is that no prediction should be accurate now and we should not depends on the prediction of Bitcoin and invest because we will lose whatever we have, so therefore bitcoin prediction of Bitcoin doesn't determine the increase what determine the increase is the numbers of investors, i have read this statement i made now in someone post, and when I make my research i confirmed that it's true

Bad typical from trader actually after bitcoin crash few percent and they have unbelievable expected with bitcoin will down under $12k, how possible for bitcoin still stable around $26k and will bitcoin going dump under 50% immediately? Its seems not good speculation actually when bitcoin and some altcoin have lower price right now but there are not possibility with bitcoin will drop drastically. I don't think with second chance moment coming again for Bitcoin after dropping last year under $16k, almost the same when bitcoin on lower price and many speculation bitcoin will drop under $10k but actually most lowest price from bitcoin around $15k and success raising up again to higher price.

Its not easily to speculation about bitcoin will drop to $12k current bitcoin price today, don't blame when bitcoin suddenly dump has chance will drop under $12k because its seems most impossible thing.

Anything is possible within this market on which price could shoot up or fell down on certain levels on which we arent really that expecting for it to happen on which it might really be that leading out

into those shock that we arent that anticipating that it would be heading that low. This is why im not really that closing my mind into those probabilities because usually these rumors could really be turning out to be a reality but of course it wont really be that something that having no basis or possible solid reason behind if ever the price would really be going that low. We know that we do only have that extreme low of price of $15k which the price didnt shoot down even more on $10-12k which lots of people had been waiting up for this moment for it to happen.

If you do have that kind of belief that it would be shooting down into that kind of level then it would be normal that you would really be saving up for allocation for some possible buyback.
Talking up realistically then it wont really be  that possible that we would really be seeing this low price but well the possibilities is there but totally its unlikely specially we are
fast approaching on the next halving of Bitcoin on which it isnt really that too far off.

It is very difficult to predict the market correctly, the market often reacts in a way that surprises the majority of traders. Before every bull market starts, there is a shakeout that forces weak sellers to sell their bitcoins, so it is important to watch how the market reacts before the next halving and prepare for extreme levels of volatility in the market. To keep yourself under control. Now if bitcoin goes to $12k again it will be very unexpected, again for many investors this will be an opportunity to strengthen their positions, so there is huge liquidity at this level.

If you have never thought about doing a big dump on Bitcoin, that means on the one hand you are still hoping for a better price increase in Bitcoin this year and the following years. And actually what you say also makes a lot of sense because crypto market fluctuations are always there, especially Bitcoin which is currently still looking difficult to increase in price.

If that pattern happens again with Bitcoin, I'm more sure there will be more people willing to take advantage of it for greater profits. But in terms of the price decline specifically in Bitcoin I would not consider it a garbage dump because we are talking about Bitcoin which is no longer labeled as garbage but rather as a fairly good asset in the crypto space.

recent dumps couldn't even drive bitcoin price to go below $20k for so long, its now already recovering back really good at $25k. the starting point for bitcoin nowadays even at its lowest is definitely gonna be around $20k.
so not need to worry about the price going down that low.

this is true, bitcoin level right now is waay past $12k i wonder why people are keep sweating about it getting down below $12k. meanwhile right now bitcoin is stable at around $25k.
after halving the price will be leaning more towards bullish so I don't think discussion about it being below $12k is anything relevant anymore.
the only way bitcoin could go that low is if something like USDT collapse.

Precise prediction is really tough with bitcoin. Unexpected incidents happening with bitcoin is the reason for the market upward and downward movement. Before big rise in the price there used to be fluctuation in the market. What we experience seems like regular market pattern. We don't know how far the price will go high or low, but in the upcoming days we can expect price reach around $20k and not lower.

If Bitcoin doesn't go below $20k it will be a relief for traders. But Bitcoin will not go to the next downtrend so quickly and we have seen that for the past few months, the movement of Bitcoin was very slow, going up and down in a certain area. Last week we saw a large movement in the price of Bitcoin which indicated volatility in the market. So according to the current market, we may see a big movement in the market again in the next few days or weeks. And before the halving, it is expected to see a big movement in the market, and this movement will be the opportunity for many traders to join the next bull market.

I'm not even expecting it to go around $20k because the market isn't looking that weak at the moment. We have seen it going to $25k but then going back to around $28k after a few days and if it were to go lower, it would have gone there right after that. However, there can always be some negative news that might spread FUD and create a negative environment in the market and we all know what happens if something like that happens, people will start panic selling.

We can't stop panic sellers, there will always be some people who will start panicking when they see a small drop in the market and if they hear negative news. The reason for that is that they don't understand the market very well as they are new investors so they are afraid of losing their money.

that is too low to look at mate, 15k from 25k? I also think that we will not be seeing that at least not in this year?
actually I did not buy those speculation ,  and that is stupid to believe 8K?
great graph , and yes with almost 94% of bitcoin being mined , we are looking for higher support price now at least 20k and above.

that's why its called prediction because there is no chance that it will be precise .

Yes that's right, it's too low and too far, honestly for now I don't see any confirmation of price formation that indicates the price will bearish significantly and from $25k to $15 it's very far away, as you said for this year I also don't think it will happen, we can see how the formation of price direction from the beginning of 2023, I see there the bullish still dominates followed by several bearish corrections as in general and there has been no significant breakout in the support area in the last few months of this year. So that means for this year most likely bitcoin will probably experience more sideways phases in the range of $25k - $28k, and until the end of the year according to my predictions maybe the highest price is in the range of $37k, but let's see.

Not just this year but as I said, we've bottomed out this bear season. I also believe we have more corrections left because if we rely on a 4-year cycle, the uptrend is still more than a year away. But for bitcoin to create a new bottom and lower than $15k is very unlikely and has never happened in the past.

About the price prediction at the end of the year, when people are constantly expecting and believing that bitcoin will surpass $35k or hit $40k before the year is over. I'm starting to fear that won't happen because during this bear season, I've seen bitcoin frequently move against crowd expectations and I think it will continue to do so. Presumably, we will still be under $30k before the end of the year, IMO.

even if we don't wanna go  yet it is the market to dictate mate, meaning we are not the one who will decide the faith of the market but whales.

good luck with the result mate, hope that DCA will help you grow your folio.
 

All I see in the market, for now, is a bearish trend and this might continue until a bullish reversal is activated. For this, I will not say that the market can't do a thing, I will only say that it's not feasible for now as we can't see the hope of hitting $12,000 at this time. Mind you, the step to hitting a very low target happens gradually and I will like you and the OP to note that if $25,000-$24,700 (https://bitcointalk.org/index.php?topic=5464033.msg62727452#msg62727452) could breach lower, then it might be a disaster for Bitcoin as it might hit lower levels that might cause another lower level to be announced and perhaps breached.

In other words, we should hope that $25,000-$24,700 (https://bitcointalk.org/index.php?topic=5464033.msg62727452#msg62727452) is sustained, if not, there might be some further unexpected bearish movements that might open the way that will make the target of the OP to be possible.

To be honest, I think we just have to let things roll how it will roll, let it happen. If the price arrives at that point then and there we would know if the market will still have the confidence of the people which will end up with them buying bitcoin when it goes to 12k or will they panic sell which will drive the prices even lower. I just hope that in the event it ever happens, I have already sold most of my bitcoin and then buy back at that price.

That is true, I agree that is going to be the case for it as well without a doubt. A lot of people act as if this is a big deal where it could keep on crashing down but the reality is that it is not going to keep crashing down, we are going to keep doing better eventually.

We just need some patience for it and we need to wait for that time to come, maybe it doesn't look that bright at this moment but I bet you that it will start to look good after a while and after that it will not look bad for a very long time. The bull run is around the corner and it is about to happen, we may need to wait a bit more for it but when that comes in we are going to make profit like never before and the prices will hit new ATH.

We already experienced few big dumps, some bad news made significant drops in BTC price. But the price still can survive above $20k, it means there is a strong resistance above $20k. Although it is not impossible for BTC price to drop again below $20k, I believe it won't happen as long as there is no more terrible bad news. Sure, the bad news will always be possible to happen. But if it is just common FUDs, it won't impact significantly to BTC price. FUDs is no longer surprising thing, we are familiar enough with FUDs.

I don't know in what way they can determine it. But I really doubt it if BTC will drop around $12k-8k$. The bearish period is almost over, we are heading the end of second year of bearish. Even there will be dump again, ideally it should be not very far from the current price.

You can be sure that when the price is close to $20K, there will be many who will speculate, especially large traders who are looking for opportunities to maneuver, which could make the price go back down or increase again because they buy. I'm sure many will do the same as you and quickly sell when the price drops to $12K and buy at that price because of the opportunity to buy cheaply.But I don't think the price will fall below $20K because many people don't want to try to intervene, especially the big traders.

Nothing is impossible, but we also have to think realistically in seeing the possibilities that will happen.
So far Bitcoin's movement continues to experience corrections slowly, and throughout this year this has happened frequently, but not so deep that it is difficult to recover, so I think for the near future it is almost certain that we will not be able to reach the price of $12k.

Nothing is impossible, but we also have to think realistically in seeing the possibilities that will happen.
So far Bitcoin's movement continues to experience corrections slowly, and throughout this year this has happened frequently, but not so deep that it is difficult to recover, so I think for the near future it is almost certain that we will not be able to reach the price of $12k.

Taking advantage of the time/moment to be able to take advantage is something that must be done, but we also have to read the market situation if we have Bitcoin or want to buy Bitcoin, this is very important to minimize risk or take profit.
If the time of a significant decline has occurred, of course we must also be prepared.

Looking at the BTC market lines, we can predict where the next position is likely to go. Back in 2023, the BTC price list made a lot less sense, but we expected Bitcoin to be close to $45,000 this month. But the market changes that have caused the Bitcoin market to dump rather than grow. However, if we analyze the markets at the end of this year, then you can definitely expect to see the price of Bitcoin at $40,000. Since we have to be patient to see Bitcoin grow, we can see a good pumping of Bitcoin. As the Bitcoin halving occurs next summer and then the market crash begins, the Bitcoin price will peak. And we must be patient to get to that point, but we can see the BTC market at that point.

There are only a few months left in the year, and the price of bitcoin is yet to break the $25k range before the idea of a $12k price will start ringing in people's ears.

The price of bitcoin that I can foresee for bitcoin to go low is $22k. That's the lowest price I can say. Any price below that will be difficult to break before the halving and bull run starts.

Due to the approaching halving season, I believe the $12k pricing cannot be achieved. I would have agreed more that the price of bitcoin may drop to $12k if we were still in the first quarter of the year. Since we are not, but instead at the third quarter of the year, a $12k price will not be possible to come by.

I don't have such limits in mind. To me it doesn't really matter if it goes to 22k or 21k, or 20k... Al of this is below the 200 week average, below the fair price of bitcoin and probably already below the mining cost floor, although I haven't checked that for some time.
Bitcoin is already severely undervalued.
If it goes below 20k it's going to be even more. A rubber band can be stretched to a certain point, but you can't keep doing it forever.
In 2022 the cost of mining was already above 15k USD and it keeps going up. If you forgot to get on the train at 16k, you missed your chance.

Cant really stop those people who would really be thinking that the price might go down even more, we aren't really that removing those probabilities but knowing that when it comes to technical aspects and other factors

which we could actually check then there's no way that it could really be able to hit that low but well there's always the chance considering that this market isnt predictable since from the start.
I did really have that regret on missing out that $15k drop which i did make out some entry when it do hits up $18k which it isnt that bad either but it would be good if i did hit the sweet spot but since
im also those people who do really expect for that $12k but it didnt happen.

We do have strong supports now and one shows on 25k which it did make out some rebound at the time that it had been touched. We cant be sure if there wont
really be some breakouts later on or we would be seeing 30k once again.It is really that always hard to predict out if there are no news or sentiments around which would acts as a catalyst.

I don't know how you come about the conclusion that we will see the $20k region again in the coming days. Even though I keep an open mind to every possibilities, price going back to that region is increasingly appearing unlikely. Just within 24 hours, Bitcoin have gained about 3.5%, this shows that price have not completely broken the $26k region. Now factor this in to how much time we have before first quarter of next year when the Bitcoin ETF is expected to be approved; you will see that price going to the $20k region will be a major surprise.  But then, anything can happen.

As for the topic of this thread which is Bitcoin going to $12k, that will have serious devastating effect on a lot of people who so much believe that we a bull market is in sight.  I sincerely what is motivating people to think of the $12k region again... to me we have long passed that region.

Sometimes it seems as if people forget that bitcoin is a POW coin, meaning that just like gold it takes a lot of money to mine a single block, and as such there is a floor to how low the price of bitcoin can go, and if the price of bitcoin was manipulated by the whales and speculators to go lower than that then the miners will immediately respond to it by not selling their coins, diminishing the supply of bitcoin available at exchanges and eventually pushing the price to be above that level.

If Bitcoin goes back to that point, the demand in the market will be too much to the extent of net errors lol :D, a lot of people will lose and a lot of people will also gain. If, by any means, Bitcoin dropped to that extent, a lot of people will click the buy button and maybe before that time some investors will click on the sell button and sell their coins just like the way you are planing to sell if that time comes. Although some new investors who don't have the mindset of risking might not be involved any longer untill they start seeing how progressive the price is going.

Anyway, if Bitcoin comes back to the price of $12k, a lot of people will accumulate enough that they can afford it. I will also do the same, because my own investment strategy is just to accumulate more coin and never sell, until I am ready and I can never be ready anytime soon.

If BTC has failed to break down as it was threatening that begins at least the start of a possible positive reflex reaction upwards.   It was only on a small scale so I dont know its enough to break the prior range but perhaps we can now trade above 26.5k for a day or more and take it from there.  Something new would be nice to occur.

Will people actually accumulate when bitcoin drops to $12k? Or will people get scared and keep waiting for the price to drop further and eventually no one will buy? If anyone has faith in bitcoin, the current price is suitable to buy and if it drops to 12k USD, we will buy more. As for those who do not dare to buy bitcoin at 25 thousand USD, I guarantee that they will not have the courage to buy bitcoin if it drops further. If people are willing to buy more every time bitcoin drops, then why does it drop that much?

The people who are looking to invest in bitcoin will think that let the price drop further. Every person sets a target of when and at which price he will buy, and when the price touches that range, they will certainly accumulate some bitcoins. Yes! some people might get greedy even at $12k and want to buy more lower, they will miss out. Retail investors get scared by the Bitcoin price action if they are new in the crypto market.
The price drops because this is how a stock market/ crypto market behaves. Everyone wants to earn more profit from their investments. Whales wanted to accumulate more and more coins. This is the reason why stocks behave the way they do.

those greedy people are the one who mostly to lose ,
expecting so much low is something you will regret when the bull certainly happen.
don't think price will go that low,or maybe 15-20k is the lowest that we can see before the bitcoin halving next year.
expect a low but sorry not to support that range.
market will keep shows its low , but there are recovery happening each time so i guess we are on the right track here.

@CryptoBuds, I believe you already know the right answer to your question. For instance, you already have Bitcoin knowledge and you are so willing to invest in Bitcoin and when you checked the price of Bitcoin, it was in the range of $25,900k as it is today. Then you have the money but you didn't buy it because you were waiting for the dip and in the next 15 hours you checked again and the Bitcoin price had dropped to $12k. Will you still wait for it to drop? Of course not. For me, in a situation like this where I can't actually predict prices, I will just buy as many coins as I can afford because I don't know if such an opportunity will ever come again.

If Bitcoin dropped from $25k to $12k, no need to wait for it to drop again because that is the risk we are all talking about. As a good investment, with the little money you can afford, you should not be scared to take a risk with the capital true the help of our own strategy.

Now we are all on a sideways path with no recovery and no decline that big, because in general the price of Bitcoin is still in the $26K range so there is no shadow of going to $20K before the halving actually occurs on Bitcoin. And in terms of timing we are currently in the fourth quarter before next year arrives, so the possibility of seeing a $20K price range I think is very small, but for a price recovery it seems much more likely to happen again for Bitcoin even if only to see the price return $30K in Bitcoin before next year.

At the moment, I am really assuming that bitcoin will not really go down that low. The price already dropped hard to $15k and that was it. Since that big drop, it started to increase to $30k. Now we are at another correction at $26k. The support is holding really strong. I'm glad I was able to purchase at $25k something last week for my monthly dollar-cost averaging. The price is looking to reach back to $28k or even more in the weeks to come.

So the price of $12k for bitcoin is only a dream to those who waited for it. I bet it won't happen this cycle since the halving is already happening next year and we already know what's next.

If there weren't a few times where there was a big drop when no one expected it, your words would be true. But remember 2018 when bitcoin fell to 3k. Then there was 2020 when bitcoin fell to 3k again before halving. So it's better to be prepared for such a drop to be able to buy more coins. Another issue is that when the price drops, people expect it to drop even lower.

$12,000 would be awful, I do not foresee a dump that deep. It would take something tragic like WW3 starting or a Great Depression for that to come to fruition. However, if there was an event that created a market sell off that severe, you should all buy as much as you can afford to because $12,000 would be a gift which would be short lived.

Speculation can be right and it can be wrong, but speculation is a role model for many people to determine market direction, I agree $12k seems difficult at the moment, I just think Bitcoin's lowest price will be around $20k-$25k, of course we've seen $25k, maybe we'll see $20k in the future, but that's 50/50 in my opinion.

But whatever happens I hope now it's a good decision to own some Bitcoins and in the future I hope that among the various speculations I know, there will be good results.

Logically this has a possibility, but from experience bitcoin's journey to a price of $12k is impossible because we have already touched the bottom of this cycle at a price of $15k. Economic depression and the third world war might push the price of bitcoin to that point. , but if you look at the current situation and the increasing number of people who recognize bitcoin, the potential is not visible at all.

I agree that Bitcoin going to $12k is a very short gift, and it's like an angel wanting to give diamonds directly to me.

Indeed, people have their own tendencies to respond to speculation, and among them there are also many who believe in something that is beyond their reason, but we seem to agree that this is not possible for our cycle this time "having a lot of bitcoin today is the right decision" and indeed Our bottom point is $20k, and even then it's very difficult to fall beyond that number, so what's the reason not to buy bitcoin at the current price?

If the event had started with normal FUD it wouldn't have affected the price significantly to fall to $12,000 but the third world war would have never happened, maybe there would have been something even more tragic, that's what the mind never thought of.
Of course, this is like a gift that you have to do immediately to buy as much bitcoin as possible at a price of $12,000. If you keep delaying it, Bitcoin will quickly fly back up to its normal price.
But none of that will happen. Trust me. :D

Well, the threat is there while there are a lot of commotions in every corner of the earth from the Atlantic sea, Europe, Saheel to the Chinese sea. If the war in Ukraine ever spills, it could actually happen and it's always the hard cash that is pretty much useful when chaos starts. Everybody might just sell. 12000 however is just too much of a dip, but it sounds like Gareth Soloway p[rediction again. That guy is just keeping his exaggerated fud.

So far everyone doesn't want that to happen of course, the firepower of big nations can put us all to dust so it better be prevented.

That can happen, as long as there is a deep reason. The kind of negative news about Bitcoin or cryptocurrency It is possible that the price will gradually decrease. Or if the dollar continues to rise against bitcoin. But in reality this is not possible for the value of the dollar to continue to rise because that has never happened before until now. So, that means that even if the value of Bitcoin goes down now, it will recover immediately in a few days or weeks.

I don't think that negative publicity will bring bitcoin to $12k. It has something to do with like FTX collapse that will pressure a lot of investors to sell because they don't like what they are seeing at that time.

But it is just some negative news, then I don't see it pulling the price massively that it will move to $12k. The last lowest low is $15,500, and it was due to FTX as I have said. But so far we can only hope that there will be no black swan events similar to that.

While price declines can occur for a reason, price recovery can also occur for a reason. Because market conditions are always influenced by real, more logical reasons, this has become very commonplace nowadays. There is nothing more surprising in the market than these two things which are influenced by events that occur outside the market, but for now price recovery is starting to be seen again, although it is only increasing slowly in the market.

I don't think the value of Bitcoin can go down that much. Because we are going to see a bull market very soon, and currently the price of Bitcoin is above 26k. In that I don't think that such a big gap in the value of Bitcoin can happen. Also I personally don't think the price of Bitcoin will drop that much. But no one can say for sure. Unfortunately if something bad like that happens, we'll be at least 20k in each currency. And the chances of something bad happening are very low.

I am sorry to say that but if bitcoin goes to 15K or 12K$ levels at this moment, then the trend will be shifted and there will be no bull run in 2024/25. Going to 12$ means that we have broken the weekly trend of Higher High (HH) and Higher low (HL) and again moved to a bearish momentum of Lower Low (LL) and Lower High (LH).

I think the lower side of bitcoin at the current price level is very less and more chances is that bitcoin will continue moving up from these levels of 25K-26K.

Bitcoin's value will not go down so much bitcoin's price fluctuations have the impact of negative news circulated. When the negative news was released many investors hurriedly sold their bitcoin it reduces the price again the positive news is revealed. Bitcoin is the largest cryptocurrency in the world by market value in the present, the price has dropped drastically, but the price of the sky can reach the price of bitcoin millions of dollars. Investors may be widely attracted to cryptocurrency due to crisis in various banking sectors producers may also be encouraged to increase storing for global supply.

Well, war can affect the price only if the countries that get affected by it have a high Bitcoin adoption level and people start selling their assets when they see the war is actually happening, or they might not do it so that their money stays safe from devaluation and in case they had to relocate, they can always have a back up as they will have money in Bitcoin that they can always sell later which will greatly assist them in settling somewhere else after the war.

However, these are all mere speculations and we don't know if anything like that would happen. No one in the world would want a world war happening even if they and their country don't get affected by it because it is just not a good thing, a lot of innocent people will have to suffer because of it.

Sadly the market now is not the market back in 15-16. The price is manipulated my cex and dexes. If there is liquidity in 12K and even under 10K. We can easily see under 10K in a Recession. Nothing is guaranteed in this market but the long run. We all believe the same thing in the long run however I expect an ice age which throws us under 10K for quite a time. No market repeats itself especially such a new market as Crypto.

However this is just my 2 cents; you never know what will happen next, we can only speculate.

With respect.

Tetaeridanus.

And maybe it's already price-in, that's why when we heard negative news, it's not a big deal for Bitcoin right now.
Investors though are looking at the long term, specially that block halving is just around the corner.
Even if there is a negative news, the market are bouncing back because investors are buying at a rate.
The only thing that I can see that the price going down very hard like last year, is that if we have what we call a black swan event.
Like big exchanges closing it's door, but I doubt that we will see something like FTX collapse this year.
Everything has settled down a bit and just waiting for next year's halving.

There is always negative news in crypto. It will continue to happen from now on. There are many people who sold their Bitcoins as a result of this negative news. Contrary to these people, there are many people who trust Bitcoin and believe that it will reach the price they target, despite the negative news. There will always be these two different people in the market. I think this diversity makes the market beautiful.

The market will continue this way. I don't think there is currently an indicator that can predict the direction of Bitcoin, which has been stuck between certain prices for a long time.

There's no such thing about being impossible here on crypto space knowing that price could shoot up or dump down basing up on market sentiment whether it would be positive or negative.What really boggles for sometime is that there are really moments which the price could move without having that signals or whatever events that happen in the market which it could really tell you that it is really that totally unpredictable which making or drawing up some conclusions is never been that ideal and you should not make yourself that confident about impossible things because we dont know if one snap then the market would really be having some crash. Im aint saying that $12k would be possible but as long we arent that too far off with this price then anything could really happen
but it seems that the price is really that holding well plus having that upcoming halving event then i cant blame out people on not to really believe about this stuff but rather we might be seeing
the opposite thing instead.

If you understand the price action of the market, then you won't need an indicator. Just find the support and resistance levels and find out how strong they are. You can determine that by seeing how many times the bitcoin price has defended a support or resistance and what the lower and higher lows were every time. The more the bitcoin price defends a level that indicates strong buying or selling pressure at that level.

absolutely! we can only speculate on this market. but we can always have our own predictions based on various factors such as adoption, upcoming events, stakeholders and so on. with such, it is up to you how you will react on this market. if you feel we are heading in the positive direction, why not invest some while the price is below 30k? but that's all on you.

It is impossible to determine the exact bottom  , even if prices was 12k some people will create another bottom of fear and doubt always without any stop , buying and investing for long term is the solution

Just share thought the last bottom would be 25K to 20K on the technical side huge support there and there are probably a dozen tons of people waiting in that line with a thin order book.

Tho in fundamental analysis, you already say a lot of it.

Couple of months ago I believed Bitcoin could hit somewhere around 10k dollars so I told myself to wait some more months and even years to experience it. I was planning to maximize my gains.. But I was proven wrong for sure. I quickly realized people who are saying Bitcoin can hit under 10-15k are too naive. In totally normal circumstances Bitcoin will have so much demand at those points it will quickly go above 20k maybe even 25k.

We all wait for bull market but there are some investors who also wait for bear market. Bull and bear markets act as complements to each other. The market is bullish because there is bear. So excluding one we cannot expect the other. There is always some negative news in the market and those who have acquired a good knowledge of Bitcoin can adapt themselves to any condition of Bitcoin. But new investors can't hold their emotions because of the little negative news about Bitcoin. As a result, any negative news they sell their assets. Some investors wait for that opportunity and collect bitcoins. A Bitcoin investor must try to hold bitcoin as much as possible before investing. And it is important for him to gain knowledge or else he will lose.

This is the prediction from majority of the bitcoin hodlers. When the price kept falling all of the sudden from the range of around $23k. During the start of the year 2023 the price of bitcoin was around $16700. Over time they safe guarded themselves as the price didn't move downwards. There is good recovery as the market bounced to cross $20k on the same day. During the start of the year $10k - $12k is the prediction and everything happened in a better way than predicted.

Investors invest all the time waiting to make money. But some new investors always put their money in big risk for small mistakes. If we can invest right when the Bitcoin market is dumping.  It will help us a lot to make money. But if the market of Bitcoin is dumping, then if we get frustrated and sell the invested money, it will be a big wrong decision for us. Therefore, we should always invest with good knowledge about Bitcoin. If No so we can get into big trouble sometime.