Between $24K and $27K

[Epaper]

I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.

[Taskford]

I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.

Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.

[arufox]

Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.

[btc_angela]

Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.

We can't really control that, at least the price goes above $30k even momentarily. But still possible that we can dip around $24k-$27k, but not this month.

The sentiments might be bearish throughout the year, but I think $30k might be the biggest support that we will have. As I have said, we are already in that line so investors are starting to buy again as indicated by the increase in the trade volumes in the last 24 hours.

[lornadane]

Overall it seems that the crypto market continues to be bearish as it is still being overshadowed by pressures from rising interest rates and inflation. Bitcoin price is currently hovering around $30k after bouncing off a brief dip below $30k. However, if bitcoin is unable to maintain the price area above $30k, then it is very possible that the bitcoin price could drop further to $24k-$27k before there is another significant increase.

We can't really control that, at least the price goes above $30k even momentarily. But still possible that we can dip around $24k-$27k, but not this month.

The sentiments might be bearish throughout the year, but I think $30k might be the biggest support that we will have. As I have said, we are already in that line so investors are starting to buy again as indicated by the increase in the trade volumes in the last 24 hours.

This means that this is a sign that there is a big increase in the development of the bitcoin price so that investors go back to buying bitcoin.
Hopefully there will be another increase in trading volume in the next few days.
Even though the bearish situation still continues, this increase in trading volume indicates that bitcoin will still bounce back.

[MFahad]

If the FED does another half point rate hike, I think Bitcoin pulls back to $23K. That would wipe out a lot of leveraged positions, and the market will most likely make a strong bullish move from that level. If they do a quarter point hike, then we may take off back above $40K. Hopefully they figure out how they're going to regulate Crypto by the next hike, so more Institutional Investor's can get in during the dip. If that happens, a Bitcoin Spot ETF won't be far behind.

[19Nov16]

Today's market is corrected again, and it looks like we will be under $ 30k for some time, this makes me prefer to wait and do nothing, especially since many analysts believe that negative trends are still happening in the present year, maybe this is a trend 4 Annual that continues to be repeated as before.

[justdimin]

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

Getting out of this zone mattered a lot, I know that many people think that it is no different than 30k, I mean the difference between 23k to 25k could look like nothing to some. However, if you know how to read charts, then you would know how you could end up with something wildly different if it bounces from 25k or goes to 23k, and that is a scary thought.

This is why us being above 30k with bitcoin right now means something awesome, it is not even remotely close to being scary anymore, we basically recovered already. If you know that, then you are going to feel a lot better about the future and what you are doing and it won't be a problem.

[btc_angela]

If the FED does another half point rate hike, I think Bitcoin pulls back to $23K. That would wipe out a lot of leveraged positions, and the market will most likely make a strong bullish move from that level. If they do a quarter point hike, then we may take off back above $40K. Hopefully they figure out how they're going to regulate Crypto by the next hike, so more Institutional Investor's can get in during the dip. If that happens, a Bitcoin Spot ETF won't be far behind.

Not sure if the FED will do that again this year, however, it seems that bitcoin in the last 24 hours has retraced to $28k again. And with that, we are closer on the $24k-$27k range. I know that it doesn't feel good if we see our portfolio going down, but we shouldn't panic and just continue to hold during this dip. No need to sell, and join those newbies pushing the sell button again. We will bounce back soon and maybe hit $40k in the next 4 months.

[Frengki_cisco]

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.

some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.

[skarais]

]some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.

Maybe not, I think the decline in bitcoin since its last ATH in November 2021 to date is not the worst in its history as the percentage decline is still not more than 62%. The worst decline history occurred in 2018 when the bitcoin price dropped from $20K to $3.2K, that's more than 80% in my opinion.

While we can't say for sure what the lowest price was during this bear cycle, we are certainly still in for a 57% more drop than last year's ATH. In the long term bitcoin is still very potential, but still requires consideration if you want to invest in it.

[Kocret02]

The fall of the price is inevitable but the good thing about it is the way the bitcoins price recovered just like in the past. I think some of the people who are panicking right now are those who bought at a high price with the money they cannot afford to lose which is really bad news for those people since the price right now is staying at its lower since the great bull runs. Only patience can remedy this kind of scenario in the market or you can just do some other things outside your home and don't mind this bearish market in the meantime.

The pause that occurred to the correction with the recovery was quite far for bitcoin, this accumulation has a long process to make bitcoin reach a new ATH, many people start to panic and sell some of the assets they have, assuming that the returns are not too large to lose, for other than Bitcoin I think it's okay if it's released, but if the conditions are like this releasing bitcoin is the wrong step, because it's not too worried that the current decline in bitcoin prices, will not find a recovery pause

[rodskee]

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.

some analysis and predictions, for this year the worst crypto in history, the risks are incalculable, but long term investment one positive thing, I think Bitcoin will experience problems at the 24k level.

even if this drops down to 24k level still this is not the worst in bitcoin history , we are still ni 20k level that shows how strong and huge investors behind bitcoin .

yeah this is 65% lower than the ATH last year if we come fall to 24k  but still so high compared to 2017 ATH.

but if there is something we can contribute? that is to Buy in dumping season and keep holding .

[SirLancelot]

I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.

Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.

That Luna crash doesn't really matter to the market though, that is the difference. Many people may believe that the market was doing terribly during that period but the reality is that if the market was doing that bad, then why did it recovered so well while Luna is still bad?

So, when you see something that crashes the market when there is nothing wrong with the market, then you should consider investing into the market a bit more. This could be a bad decision if you are wrong, but most of the time when one coin makes the market drop, then investing into bitcoin is a good idea. This is due to the fact that bitcoin always ends up recovering.

[Sir Legend]

Of course the current market makes us wary, moreover the pressure continues because in the USA there is high inflation which makes many investors sell crypto, many analysts believe that the market will be red until the US economic conditions improve again, and maybe we will see that prices will drop again because many investors choose the safe way.

[arwin100]

I think the price of bitcoin continues to weaken after a lot of selling in US stocks and driven by the Fed's big interest rate hike to suppress inflation in the past week. This sent the crypto market down, and pushed the bitcoin price down to the $29k-$30k price area. Therefore, if the massive sell-off continues, the bitcoin price will fall in the $24k-$27k area.

Plus add up the pressure brought by luna incident for sure from this incidents the investors will get afraid on the flow of the market. I just hope that we cannot see a massive sell of because we cannot afford to see the market go down for more because maybe it will dictate that we might see a long bearish season.

That Luna crash doesn't really matter to the market though, that is the difference. Many people may believe that the market was doing terribly during that period but the reality is that if the market was doing that bad, then why did it recovered so well while Luna is still bad?

So, when you see something that crashes the market when there is nothing wrong with the market, then you should consider investing into the market a bit more. This could be a bad decision if you are wrong, but most of the time when one coin makes the market drop, then investing into bitcoin is a good idea. This is due to the fact that bitcoin always ends up recovering.

It somehow add up to the spice on why the market became like this because their dev force to sell their btc hold just to support their dying project and somehow this one became basis of some small time traders since if they see the Luna doesn't came back to their feet we will see a long time bearish market condition since many would provably continue to dump their stacked bitcoin on their wallets.

[Ojengonggu]

Of course the current market makes us wary, moreover the pressure continues because in the USA there is high inflation which makes many investors sell crypto, many analysts believe that the market will be red until the US economic conditions improve again, and maybe we will see that prices will drop again because many investors choose the safe way.

It's clear they chose the safe way because they don't want to lose their fund assets like they lost when they saved their money.
That's why until now the market is still seen high volume selling than buying.
I don't know how long we will wait for the US economy to improve again.

[fortuner]

Of course the current market makes us wary, moreover the pressure continues because in the USA there is high inflation which makes many investors sell crypto, many analysts believe that the market will be red until the US economic conditions improve again, and maybe we will see that prices will drop again because many investors choose the safe way.

It's clear they chose the safe way because they don't want to lose their fund assets like they lost when they saved their money.
That's why until now the market is still seen high volume selling than buying.
I don't know how long we will wait for the US economy to improve again.

Everyone is afraid of losing money including ourselves, that's why until now they prefer to sell even though their losses are almost 40% of the capital.
But if it's a loss, I'd rather just keep it until the price goes up again, at least the capital will return even though there is no profit.

[Reid]

Strongly agree. There's so many things happening in the world right now even with the pandemic slowly being controlled.
Economy will surely react to it as our governments spent too much money just to keep it under control. We are not even in the phase of recovery, we are paying the debts and this will last long.
I think this is also why we won't see a higher demand in the months to come. Prices of necessities are going high and small investors need money so they will withdrew their assets and a part of it is Bitcoin. I won't expect another big pump in the next months to come or even before the year ends.

[maydna]

Everyone is afraid of losing money including ourselves, that's why until now they prefer to sell even though their losses are almost 40% of the capital.
But if it's a loss, I'd rather just keep it until the price goes up again, at least the capital will return even though there is no profit.

Selling their coins due to sharp declines like now is not the right decision as they can bounce back up after a bear market. Even though we don't know when the bull market will come, it's better if we hold on to the coins and not sell them. We can buy the coins now because they are cheaper and we can get more of them. You made the right decision because you are still holding your coins and just waiting for the price to go up again.