the next checkpoint $13,800

[Reid]

Opportunity is too rare when we talk about Bitcoin. I had my share of regrets too.
There is no exact measure of time into when it will be dumped again or better, pumped.
That's why I have taken the risk when it fell to 29k-ish which I think was too low and should be the purchasing point for every investor who believes it will be profitable for the next month or two.
It was. I am 3k up already and I don't mind selling but IMO, there's still room for a move up.

[1714881260]

1714881260

[1714881260]

1714881260

[dimonstration]

A bit got loss on the content of the thread. I think everyone is focusing on the without reading the content but the general point this post was 29K is the checkpoint if the price slow down falling on 20K price. He has a point on his analysis since he is just referring to the 200MA. 13,800$ is not that far considering how cryptomarket move.

[Gozie51]

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

On the average, more people have speculated more drop for bitcoin than those speculating higher. No doubt that bitcoin has been struggling to get out from the bear zone only waiting for positive news to change all the down speculation. All we can do is to predict but I understand that big buyers have a role to play on this if they enter the market with big buy. Bitcoin has the history of dropping after the bull and someiit takes more than a year to come back. The current price of $32,412 has shown the rate of struggle not to go beyond $30,000. This time is still good for a buy because nobody knows when the train will kick off.

[$crypto$]

~

Nah, I don't think it will happen, just another simulation and it seems to be ridiculous scenario to me.

So I also don't see bitcoin going on this price. And as far as checkpoint goes, there is $15k $20k, $25k support levels. Just imagine seeing the price going to $20k? Isn't it a bargain and I don't think that investors will just let this one slip away. They are going to invest tons of money again in the market, so recovery is there all the time if those checkpoints have been broken.

This will not happen, it will definitely be kept as low as possible because the checkpoint will definitely be closely guarded by investors and not let it go so low.

There's no sign that it's too bad for this fall to last longer at around $30k I don't know if they're ready to buy now or waiting for another low so I don't think it's possible to cross it just a good way to take advantage when there is a decline a little, then we are ready with our money, we just need to take it in the short term, if we want it bigger, we just have to hold on to it.

[el kaka22]

This is the type of topics we need, it is a reminder to everyone here that we are sooooo high right now that 13.8k is considered a horrible thing, just a year ago it was nearly a 40% increase from the price we were at, and now it is a hooorrible drop that we do not want anymore.

I do not think that we will hit that price at all but I do believe that there is a good chance we could end up with something that is going to get us happy again, like maybe 40k again, or maybe even higher. Why? Because we have seen what happened when the price tried to go down, when the price fails to go down like that many wealthy people realize that it is time to end up trying to make it go down and start trying to make it go up, that is how they manipulate it. They first try to sell a few to make people get scared and sell even more and then they buy at lower, but if it fails to go lower then they start to buy a bit and make it hyped so it goes up.

[Clavulanic]

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?)  I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

We're too far from that specific projections mate, there might be several attempts fo downturns lately fearing to see btc goes down below $30k but that doesn't come to fulfillment due to quick recovery. Most hungry investors took opportunity of the situation, then buying back additional asset is their best strategy. If they're not seeing a good potential from btc, we won't experience all those positive responses.

[Dave1]

A bit got loss on the content of the thread. I think everyone is focusing on the without reading the content but the general point this post was 29K is the checkpoint if the price slow down falling on 20K price. He has a point on his analysis since he is just referring to the 200MA. 13,800$ is not that far considering how cryptomarket move.

Of course, even if you check the 50 MA, still points to $13,800 as the checkpoint so it's not that far technically speaking. But as far as the fundamentals goes, bitcoin is now very strong, it's now above $33k, from a weak point of around $29k about a week ago.

So we are moving far from the $13,800 prediction and if you zoom out, we could be heading to the obvious sideways range again.

[michellee]

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?)  I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

We're too far from that specific projections mate, there might be several attempts fo downturns lately fearing to see btc goes down below $30k but that doesn't come to fulfillment due to quick recovery. Most hungry investors took opportunity of the situation, then buying back additional asset is their best strategy. If they're not seeing a good potential from btc, we won't experience all those positive responses.

Hopefully, that will not happen this year or next year and the price can sustain at the current price and bounce to the high price for the rest of this year. If that can happen, maybe the bottom of bitcoin price in the next year will change and we will not see $30k or $40k for the lowest price of bitcoin, although that could still possibly happen in the future. I am sure the investors already took their opportunity by buying bitcoin at $29k yesterday and now, they are waiting for the bounce for the price or if the price still goes down, they will make sure to buy more, especially if the price is the same touch below $29k.

[buwaytress]

Yeah, actually 200MA has been my go-to line on the rare occasion I do check, and even that's proven to be a pretty good indication of bargain price, as much as TA goes for me.

Purely arbitrary also has been the even rarer event, where Bitcoin's never revisited an ATH from the past cycle so I'm pretty confident we don't see 20k again -- and if we do, it should cause some sort of panic, so that 13k mark does seem possible at this stage (if we break 20k support, that s).

[Oceat]

all markets are manipulated and no one is honest. the fall of bitcoin from $ 64,000 to $ 28,000 was very painful for investors, especially if you expect bitcoin to go down $ 13,800 it hurts like a knife in the heart.
since it's called a market, I think the $28,000 drop rate is enough and it's full. it's time bitcoin can go and no need to look back again.

Who is actually buying during the $60k+ when they could actually buy it low before the bull run starts last year? Of course, it would hurt like hell if someone actually buy when the price is in the peak. I couldn't imagine someone would actually join the bandwagon after they saw the price spike and grow but only buy during its peak.

Price manipulation?

We are already in there when Elon Musk suddenly leave the market that causes the price to plunge to where we are now. But it seems that it didn't create enough fud to bring the price down below $30k.

[South Park]

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?)  I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

I do not know, the prediction seems really low and we will basically be very close the where this whole bull run started, you may be right but I do not see it, I think it is way more likely that at worst for now we see a 25k price and then a lot of people will get scared and sell their coins and we finally see a tremendous recovery by the end of the year, and then and only then we could see the price crashing and remain at very low levels for a long time giving us the opportunity to buy bitcoin for cheap again.

[TravelMug]

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?)  I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

I do not know, the prediction seems really low and we will basically be very close the where this whole bull run started, you may be right but I do not see it, I think it is way more likely that at worst for now we see a 25k price and then a lot of people will get scared and sell their coins and we finally see a tremendous recovery by the end of the year, and then and only then we could see the price crashing and remain at very low levels for a long time giving us the opportunity to buy bitcoin for cheap again.

Not sure about the $25k price, but seeing how the market is bouncing in the last couple of days, it seems that we are not going that low in the next 2 months or so.  And after that huge dip at $29k, we are not heading to $35k. So for obvious reasons, it was the buying price that everyone is looking for as they many investors fill their bags again with cheap bitcoin.

Of course, for us average joe, a good $25 price is good, but I don't we will reach but as majority have said, the 200MA is a good indicator as we are still in the uptrend generally speaking.

[ReiMomo]

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

I am one among who felt "I should have bought bitcoin or saved the bitcoin I earned in 2016 when it was around $400 and in 2019 when BTC was around $4k to $5k". I almost had 2 btc from earnings without investing on it. Current situation makes me feel the same but would let it go down to $20k to $25k. So I feel, this is the last opportunity one can opt more bitcoin.

[Slow death]

with the break of $33000 it seems to me that we will no longer see the price reach $13000 and to be honest even if we had a big catastrophe the price would not fall so low as to drop to $13000, at most in my opinion we would see 22000$ if the price would fall below $28000 and as I had said or predicted the price would not go to $28000 because whenever it touched that zone it was rejected and immediately went up to $33000 which revealed a strong interest of people in buying in this $28000 zone

[Hippocrypto]

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?)  I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

We already surpassed that attempt of going down mate, and price below $30k has been corrected already the last time it crashed. However, the recovery was too fast and we're at $34k heading towards upward trend. If we can't survive this current movements, most probably there's a slight downfalls then we're good to go at $60k once again stabilizing in preparation for $100k predictions.

[magneto]

Great piece of analysis. And we are currently seeing the market rebounding.

I would actually still Dollar Cost Average into the market, even with the recent bullishness. These prices are low relative to the ATH and there is a high likelihood that come the next halving, these prices will be seen as cheap.

The support at $30k seems to be robust, and the trend reversal seems well under way. While I do still expect some dips in the short run, dollar cost averaging as a strategy that allows you to ride out these dips and benefit from them through lowering your cost basis.

[freedomgo]

I always find it interesting when someone has this kind of analysis, in a bullish market, we usually see a bullish analysis and now even if the market is correcting, we still see more bullish predictions which for me is not anymore realistic. So for me, I believe that we might see that price as it's easy for bitcoin to fall when people start to panic.

[South Park]

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

I am one among who felt "I should have bought bitcoin or saved the bitcoin I earned in 2016 when it was around $400 and in 2019 when BTC was around $4k to $5k". I almost had 2 btc from earnings without investing on it. Current situation makes me feel the same but would let it go down to $20k to $25k. So I feel, this is the last opportunity one can opt more bitcoin.

There are probably a lot of people like that but since you cannot change what it happened then it does not matter, what matters is to try to get bitcoin for a relatively low price, just a week ago you could have gotten bitcoin for a price below 30k and it is fair to wonder if that is going to be the last time this is going to happen as the price is recovering once again and now there is a battle among the bulls and the bears to see if the price of bitcoin goes past the 40k mark.

[Ayiranorea]

Great piece of analysis. And we are currently seeing the market rebounding.

Agreed, the analysis is precise. Someone who have followed him and has invested have taken the profit through the market re-bounce.

I would actually still Dollar Cost Average into the market, even with the recent bullishness. These prices are low relative to the ATH and there is a high likelihood that come the next halving, these prices will be seen as cheap.

Yes, by the next halving the price goes to be cheap if we're into continued investing based on the dollar cost averaging. Till now the halving events have triggered the price increase, maybe at the time of halving there is no big growth.

The support at $30k seems to be robust, and the trend reversal seems well under way. While I do still expect some dips in the short run, dollar cost averaging as a strategy that allows you to ride out these dips and benefit from them through lowering your cost basis.

The market above $30k happened in a short and now it is in the urge to cross $40k. Those who had the choice of dollar cost averaging could've got at a better price. The trend reversal has happened, following this will be the dips.

[thecodebear]

$30,000s is pretty clearly the bottom range. Down to 200wma only happens after huge blow-off tops, which didn't happen this year, so there is no need to worry about such low prices. $30k is the bottom as we have seen from the ranging the past two months and Bitcoin will likely start moving back up toward ATH soon, either in the next few days or in the month or two.