Bitcoin back to $ 10,000?

[kpierce77]

It would be amazing if someone can predict that accurately. 

10k is too far by now.
I think there is so much reason about why it won't go back to that number again.
Institutional investors and big companies already holding it. I doubt they will sell in a rush. Minimum will be 5 years before they might start dumping it.
Elon Musk has his shares too and I don't think he is the type to just sell it because there is no need for it just yet.

I agree, I know that people now want to have the chance to buy once again at that price but they had months or even years to buy for a price that was way below that and they did not took advantage of it, people need to just accept the reality of this, that price is never going to come back and they have to take a difficult decision, they buy bitcoin right now at a very high price or they wait for a correction or a crash to come so they can buy for a cheap price with the disadvantage that the price could skyrocketing while they wait.

Yeah, and market crash for bitcoin is almost impossible. maybe there will be a correction in the next few months, and even then I don't think it will reach the price level below $30k, considering that now bitcoin has a strong holder like Tesla

[1714950212]

1714950212

[decodx]

I agree, I know that people now want to have the chance to buy once again at that price but they had months or even years to buy for a price that was way below that and they did not took advantage of it, people need to just accept the reality of this, that price is never going to come back and they have to take a difficult decision, they buy bitcoin right now at a very high price or they wait for a correction or a crash to come so they can buy for a cheap price with the disadvantage that the price could skyrocketing while they wait.

No one can say for sure what will happen in the future. The Bitcoin price may seem high at the moment, but it may look like a good price to enter in a few months or a year. Imagine what the current price will look like when Bitcoin is at 100k levels. I'm sure many will regret not buying it before. Just as many regret about past times but it never occurred to them to buy when bitcoin broke 20k earlier this year.

Personally, I love that famous saying: The best time to buy bitcoin was "yesterday" and the second best is "today"!

[tygeade]

No one can say for sure what will happen in the future. The Bitcoin price may seem high at the moment, but it may look like a good price to enter in a few months or a year. Imagine what the current price will look like when Bitcoin is at 100k levels. I'm sure many will regret not buying it before. Just as many regret about past times but it never occurred to them to buy when bitcoin broke 20k earlier this year.

Personally, I love that famous saying: The best time to buy bitcoin was "yesterday" and the second best is "today"!

That's what we have said to many people and I still have friends who literally have money in exchanges but do not buy right now and wait for it to go under 50k to buy again. So you can't convince everyone, some people will be capable of understanding the situation, some people may feel like they are not doing it properly, all these things we are doing right now makes sense to us but may not make sense to others.

This is why I think we can't really argue with people about what they are doing, we may end up with absolutely nothing at all, we may end up with a much bigger drop next time, and then we will be the upset ones and those who didn't get in will be capable of getting it cheaper and they will be the right ones. Or maybe it will go to 100k like you said and we will be the right ones, that is why I do not make any type of big claims about what will happen.

[Ridwan Fauzi]

What threshold will bitcoin go down this year?

Seriously? What the reason behind it? $10.000 is really far to reach. Indeed, bitcoin had felt a bad thing momment especially at 2018 ago. Its price increased and decreased a lot, so that is your benchmark right?

But, we have different opinion/prediction against it. Bitcoin price has mass adoption now, there are so many instutional investor just interested and buy bitcoin as the next investment place.

If something bad happen, I mean the crash just be back again then I a have prediction that the low price that will br reached is $30.000 not $10.000 anymore.

[fadhilz123]

What threshold will bitcoin go down this year?

I was reply thread about Bitcoin will drop to 20K this year and I'm not sure about that, in my mind 50% possible and 50% impossible. And I read your thread, I just want to say impossible, Because 10K is too much dropping and 10K is not make sense.

If something bad happen, I mean the crash just be back again then I a have prediction that the low price that will br reached is $30.000 not $10.000 anymore.

The lowest price is 30K makes sense, Agree with you, not 10K, impossible

[STT]

10k is  not impossible but improbable.   Theres no sign of any big sell yet, any giant down like that in market action would need to take place over months so that'd be 2022.   I have to wonder what forces such a negative, a strong dollar is possible and occurred in 2018 in that way.   30k is the target downside I would say immediately if trend breaks for this current action upwards generally.   It could over shoot further to 20k because thats an area of the last high but Im fairly sure I'd be aiming to buy between 20k and 30k as a trade in reaction if nothing else.


If BTC is used as curency its always in competition to competing standards so measure the attraction elsewhere as some determination.   30yr yield on dollar treasury I presume is some pressure to sell, 10yr more commonly is examined; a different chart for once to pin to the wall

The 30YR Yield is above the weekly 200 MA today ... 2.8 then 3.3 next
Lets see what happens about the SLR next week https://twitter.com/NicTrades/status/1372543207993643013

[arufox]

I am sure Bitcoin will not drop to $ 10k this year, because there are already many institutions investing in Bitcoin, making Bitcoin's fundamentals
much stronger. And usually institutions don't plan to sell Bitcoin in the near future, because this made me believe the Bitcoin price would not fall
back down to $ 10k. Even now, the Bitcoin price has not experienced a deep correction, but the price is getting higher. So I'm not worried about
Bitcoin dumps like the one in 2018.

When dumped like 2018-2019, this is the worst situation for Bitcoin but even with the situation Bitcoin can raise and keep growing until now, and at that time institution not join. And now we are in bullish season and many institutions join, so incidents like 2018 and 2019 will never happen again. After peak price will dump massive but will be different with few years ago

[LUCKMCFLY]

According to how the volume is seen, it is very difficult for it to fall back to $10k, the circumstances in 2017 were different from 2021, in this year many high-caliber investors have entered, we have Paypal, Mocroestrategy, Elon Musk himself buys more bitcoin despite the fact that its shares have shown a decline of more than 50%.

The same son of Peter Schiff sold all his gold and invested it in bitcoin, so if there is so much entry of Bitcoin investors, it is very difficult for it to fall to $10k, also they entered without shorting the market, which means that they are not It is interesting that the price goes down but the opposite.
In the market there are also the bearish, but looking at the price of Bitcoin so high, I think it is reasonable instead of reaching $ 10k it can reach $ 45k- $ 47k, there is a very strong resistance there, maybe they have been created pools of liquidity and resist the envestidas of the bearish.

Some news claims that this year bitcoin can hit about $100k, it is likely, but as it all goes, if it reaches $100k there may be massive sales, but once these sales occur, the price could reach new levels above the $100k. The reason is logical, the millionaires of high corporations will only take profits when they are making much more.

[yohananaomi]

What threshold will bitcoin go down this year?

If bitcoin won't go down so bad this year, we won't see $10k price because more adoptions happening today due to uprising demand. $20k-$30k will become the very cheap price before we will experience another ATH that could bounce at maximum $100k. Our patience will be tested on this certain situations, but with determination and courage we will be able to survive until our goals will be meet perfectly.

yes, there will not be such a bad fall this year, if you want it to be like 2018 then at the beginning of this year there will be a very significant correction and it did not happen at that time. instead, bitcoin has increased even up to 5 consecutive days creating ATH. of course this indicates that bitcoin is indeed at its best.

Moreover, with the support of @elonmusk and its teslanya company that buy up bitcoin for investment, it has stimulated many companies to participate so that the price of bitcoin has increased. if there is a decrease every time bitcoin does it to get to a new increase. so there is no need to worry if bitcoin decreases and remains at a reasonable price.

[ice098]

No one can say for sure what will happen in the future. The Bitcoin price may seem high at the moment, but it may look like a good price to enter in a few months or a year. Imagine what the current price will look like when Bitcoin is at 100k levels. I'm sure many will regret not buying it before. Just as many regret about past times but it never occurred to them to buy when bitcoin broke 20k earlier this year.

Personally, I love that famous saying: The best time to buy bitcoin was "yesterday" and the second best is "today"!

Base on my technical analysis on bitcoin market it seems that it shouldn't goes down at that point which it will only have a value of $10,000. It may have a price correction of lower than $40,000 but not that lowest. I didn't also know what might be the threshold that might cause bitcoin to be in that lowest, but to be honest, there are some of us or prospective investors of bitcoin that are also waiting for this bearish market.

[DevilSlayer]

Prices do not go straight line in all types of trend, when the trend is bullish; there are higher lows and higher highs but if the trend is bearish then expect a lower lows and lower highs. There are now a lot of signs that anytime we will enter in bearish market, for me it is normal becuase it is the characteristic of the market wherein there is a market cycle where it is not always bullish. Expect a lot of major breakdowns and I do not want to say this but there is a high chance that the market will become red in this following weeks and months. For me get ready for the shorting because price of bitcoin may decrese due to the negative market sentiments.

[WatchMaker]

Here is ATL each year from 2012-2020

Year   Price
2012    $4.00
2013    $65.00
2014    $200.00
2015    $185.00
2016    $365.00
2017    $780.00
2018    $3,200.00
2019    $3,400.00
2020    $3,780.00
2021  

I have two predictions...

2021    $7,786.00        <----- average of ATL  since 2014


2021    $14,477.40      <----- average of ATL since 2012

You stole that prediction out of my brain! How did you do that?

Well simple formula

sum of (average of ATL change from 2012-2020)   x  ATL of 2020    = $14,477.40  

sum of (average of ATL change from 2014-2020)   x  ATL of 2020    = $7,786.00

Why two? well $4 to $65 is a hell of a jump 1625%

I will definitely consider the 2nd prediction because it makes more sense to me: 2021  $14,477.40 <--- an average of ATL since 2012. even though I don't actually believe the 2nd prediction will happen in 2021. Perhaps, the year 2022 is more likely to happen. This year 2021, the bitcoin market is still bullish and it doesn't seem like the bitcoin bullish market is going to stop any time soon due to huge "COVID-19 Stimulus Packages" from the government

[bvoriue]

Crypto asset or cryptocurrency, Bitcoin, is loved by many people amid the Covid-19 pandemic.

Not without reason, since the beginning of this year Bitcoin has shown a strengthening trend which tends to be stable.

However, not a few people are also worried about the potential drop in cryptocurrency, as happened in 2018.

By looking at the trend of Bitcoin movement in recent times, the phenomenal drop in cryptocurrency prices in 2018 will not be repeated this year, nor the years to come.

I think Bitcoin prices are better than 2017-2018

[Bitcoinislife09]

What threshold will bitcoin go down this year?

It is possible to see bitcoin at 10,000$ but It is very unlikely to happen because the demand for bitcoin was so high so even though the bull is already over there are a lot of people that are holding bitcoin just for long term gain so that market price will surely sustain. If the market price drop a lot of investors is going to buy bitcoin lower than 50k$ market price is already a good buying number in the market price of bitcoin so I don't think it is going to go below 20k$ at all around 30k$ is where it will drop if the bull run is already over. It's a little different than before we might not even see this bull run end because I think a lot of people are interested in bitcoin these days I can only imagine a 30% drop at this rate.

[wheelz1200]

What threshold will bitcoin go down this year?

Why an open ended question with just the option to go down.  Can it, yep, can it go over 6 figure usd value, yep why not.  I think it will settle in around this price fluxing between 40k and 65k for awhile there will be too much buy pressure under that and touch sell pressure above that I think.  But hell I've never been right with my predictions so I guess carry on lol.

[Furious 7]

What threshold will bitcoin go down this year?

Why an open ended question with just the option to go down.  Can it, yep, can it go over 6 figure usd value, yep why not.  I think it will settle in around this price fluxing between 40k and 65k for awhile there will be too much buy pressure under that and touch sell pressure above that I think.  But hell I've never been right with my predictions so I guess carry on lol.

It doesn't seem that bitcoin will be on the threshold of bottoming out this year, seeing some corrections before it but it's all back to where it started where bitcoin was $ 60k but the ambush would never have happened unless there was a massive FUD that could shake the market price even further, but what you see now all is well with a value of $ 65k it's pretty easy to get through so for that fluctuation it could happen any time but it will still be in the safe zone.

[Ziskinberg]

It will be very unfortunate if this really happens, some strong hands and institution support this Bitcoin rally.

As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.

So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.

And as long as these new investors now don't get stupid to get panic and dump their Bitcoin, it definitely we will never go back there.
To see the market sentiment, I'm too confident that it never reaches back to $10k again.

And as I look into the chart posted above, this helps us to have some insight of what possible the price we are going to expect even the huge dump to come again. And that might happen we will just to experience a short time in the bearish season compared to the previous years.

[Questat]

It will be very unfortunate if this really happens, some strong hands and institution support this Bitcoin rally.

As long as we hold above $45,000 everything looks very strong to me, we already faced couple of correction but until now BTC survive.

So, I'm not sure if we're going to correct that point. I HODL most of the time for the long term, so don't care anything.

And as long as these new investors now don't get stupid to get panic and dump their Bitcoin, it definitely we will never go back there.
To see the market sentiment, I'm too confident that it never reaches back to $10k again.

And as I look into the chart posted above, this helps us to have some insight of what possible the price we are going to expect even the huge dump to come again. And that might happen we will just to experience a short time in the bearish season compared to the previous years.

Not that they are stupid, they can dump by manipulating the price while they can still consider it as a good opportunity for them to accumulate, that's what whales do, they make opportunity in any market situation, while most of us panic during the dump.

[noorman0]

is a BTC at 10k still profitable for miners ?

Idk.
If we look at the history of the last halving in May 2020 when bitcoin was under the price of $10k until the end of July, it didn't stop the miners from doing their activities. I don't think 10k will make them still profitable at least until the next halving on 2024.

[skarais]

Not that they are stupid, they can dump by manipulating the price while they can still consider it as a good opportunity for them to accumulate, that's what whales do, they make opportunity in any market situation, while most of us panic during the dump.

Panic during dump is a quick way to lose money if we've bought crypto for a high price. That's why long-term investing is so much better than day trading. One good way to secure capital is through cut loss. This is recommended during a market dump or during a market correction and waiting for another buying moment. Day trader should know when is the right time to cut loss and buy back.

Idk.
If we look at the history of the last halving in May 2020 when bitcoin was under the price of $10k until the end of July, it didn't stop the miners from doing their activities. I don't think 10k will make them still profitable at least until the next halving on 2024.

Nothing can stop miners' activity unless bitcoin become worthless. As long as bitcoin has a price, then I think there will always be miner even though the number of miner will decrease at this time.