Between $24K and $27K

[Ojengonggu]

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.

I don't think it's only this year that bitcoin has experienced such a bad thing as it is today.
Let's imagine again what happened in 2017 which thought bitcoin was over, but in 2021 yesterday we saw bitcoin going up to the moon again, so no one was able to predict the current bitcoin market situation because everything happened suddenly.
If indeed the $24k level is considered the worst level then we consider it the last level for bitcoin to take the sport to bounce back.

[SirLancelot]

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.

If there is a safe way that would be investing in crypto or keeping your money in cryptos because fiats are prone to inflation. Smart crypto investors won't sell for fiat but if they are selling then maybe they will re-invest in a much stable crypto for a while (not the stable coins like tether) because they are still the same as fiats.

USA inflation might be high but I don't think this is the reason why price of cryptos are dumping or many people are selling but in fact, this should drive the price more higher because people are looking for a safe haven and they can see that crypto is one it. It's going to be a perfect timing because prices are still cheap due to corrections.

[eaLiTy]

If there is a safe way that would be investing in crypto or keeping your money in cryptos because fiats are prone to inflation. Smart crypto investors won't sell for fiat but if they are selling then maybe they will re-invest in a much stable crypto for a while (not the stable coins like tether) because they are still the same as fiats.

What are the stable cryptocurrencies in your point of view apart from the stable coins, all the markets go down when there is a correction and i have not seen any coins had have a major support in any correction. I would hold in fiat currency for the long term rather than holding in anything cryptocurrency related during a major correction.

USA inflation might be high but I don't think this is the reason why price of cryptos are dumping or many people are selling but in fact, this should drive the price more higher because people are looking for a safe haven and they can see that crypto is one it. It's going to be a perfect timing because prices are still cheap due to corrections.

If you are not confident in holding USD there are other fiat currencies like EURO or Swiss franc. Right now the cryptocurrency market is moving according to the global economic situation and hence you cannot consider it as a safe heaven during crisis.

[Baofeng]

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.

I don't think it's only this year that bitcoin has experienced such a bad thing as it is today.
Let's imagine again what happened in 2017 which thought bitcoin was over, but in 2021 yesterday we saw bitcoin going up to the moon again, so no one was able to predict the current bitcoin market situation because everything happened suddenly.
If indeed the $24k level is considered the worst level then we consider it the last level for bitcoin to take the sport to bounce back.

You mean to say 2018? Because at the end of 2017 we have a massive bull run, setting ATH at almost $20k.

But this year, there is no mooning obviously, we are in a bear market, so there i a risk that the price will still go down and it's going to be what others call crypto winter. I suggest that everyone should prepare for the worst just in case the price goes to it's previous ATH of $20k. And that is a massive downturn, but we have to accept the possibility.

[TheGreatPython]

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.

I think that the situation is going back to normal. The pandemic is not tight as before. One of the proofs is, schools are slowly doing face to face classes but that's great if governments spends a lot of money for the sake of the public. It shows that they care too much for their people, not unlike to others out there who are selfish and corrupt.

People need money, now that prices of the goods are rising but it's only sad that the moment they do this, the price of most cryptos are still in dumped. These poor people can only get less money out of their crypto assets, but I guess that is better than nothing at all. People needs to budget tightly so that they won't touch their precious cryptos more often.

[kotajikikox]

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?).

Few months ? or maybe a quarter ? because this seems to be the whole 2nd and 3rd quarter that will be on the situation here .

so Basically there will be more months that what we can expect to come.

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

The bull is not a matter of if but when.

it is correct , this is temporary as we have been here for how many times now so lets accept that Bear and Bull are there to follow each other.

[Oasisman]

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

The bull is not a matter of if but when.

Yep yep!
The same thing as bear market isn't really a problem like for most of the weak hands who always worry about their portfolio going down during bear season instead of accumulating more. It's not a matter of how low does Bitcoin go, but how much would you want to accumulate.
In fact, it's not gonna be called a bear market when it's permanent.

[Pejoh Asu]

The current price is around $ 29k and almost 8 days we are in the price range of $ 29 to $ 30, I hope this is a positive sign that the market immediately skyrocketed as happened in 2021, the most important thing for us is not panic when it occurs bearish and focus continues to buy So that we can get a big profit when the Bull Run Again Market.

[fortuner]

The current price is around $ 29k and almost 8 days we are in the price range of $ 29 to $ 30, I hope this is a positive sign that the market immediately skyrocketed as happened in 2021, the most important thing for us is not panic when it occurs bearish and focus continues to buy So that we can get a big profit when the Bull Run Again Market.

But today's bitcoin price has decreased from the price of $ 30 it has fallen to $ 28 and we really hope that the price of bitcoin goes up again past the $ 30 price.
Indeed, we shouldn't panic, but it's also natural for them to be afraid to protect their finances from the unstable market situation like now.
At this time, everyone really hopes that there will be another Bull Run this year.

[Joshapat]

Although the drop price is more than 50% compared to ATH in 2021, but in my opinion the potential of Bitcoin is still very promising, for those of us who want a big profit, the price range $ 25k is a good price, I'm sure Bitcoin will not drop below $ 24k again, but the market Soon it will skyrocket again and maybe before August the price has reached 2x from the current price.

[cryptomaniac_xxx]

Although the drop price is more than 50% compared to ATH in 2021, but in my opinion the potential of Bitcoin is still very promising, for those of us who want a big profit, the price range $ 25k is a good price, I'm sure Bitcoin will not drop below $ 24k again, but the market Soon it will skyrocket again and maybe before August the price has reached 2x from the current price.

I just want to be realistic here, and I'm sure you know what bearish market means.

So with that said, what makes you think that the price will skyrocket again before August? if you look at past historical logs, when the market goes bearish, the price will continue to go down and there is no stopping it. So I'm sorry but I have to disagree with your statement that it will reach x2 of the current price before or even this year.

[YOSHIE]

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

The bull is not a matter of if but when.

Bear market and Fort both have a temporary nature, what I have in mind is that the bear market is not perfect yet, there is still something that will happen that makes people wonder and sit pensively, some of them say it is impossible what they saw at that time.

Many people speculate on the Fort market, but no one knows the exact time, but everyone can choose and judge for themselves both markets will happen over time, the bottom line: prepare some eggs to save and ready to hatch in the next 1-2 years.

[fzkto]

The current price is around $ 29k and almost 8 days we are in the price range of $ 29 to $ 30, I hope this is a positive sign that the market immediately skyrocketed as happened in 2021, the most important thing for us is not panic when it occurs bearish and focus continues to buy So that we can get a big profit when the Bull Run Again Market.

I think the situation in 2021 was not the same as now and the bitcoin chart looked a bit different. We are now falling below the support of 2021, which could indicate further price declines. The market capitalisation is also down from 2021. Altcoins have fallen to 2020 levels altogether. New buyers are not coming to the market. I don't understand what fuel all this will grow on.

[Jating]

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

The bull is not a matter of if but when.

Bear market and Fort both have a temporary nature, what I have in mind is that the bear market is not perfect yet, there is still something that will happen that makes people wonder and sit pensively, some of them say it is impossible what they saw at that time.

Many people speculate on the Fort market, but no one knows the exact time, but everyone can choose and judge for themselves both markets will happen over time, the bottom line: prepare some eggs to save and ready to hatch in the next 1-2 years.

Bear and Bull market has its time here, I would say maybe 50/50, or the cycle of every 2 years. So right now we are in a bear market so possible that we will suffer up to the mid 2024 before we will see some semblance of a bull run. I know it will be tough for anyone, but the net output will be good if we have patience and wait in the next 2 years to realized our profits from buying today and HODLing.

[stadus]

I am thinking that the price will fall because if it will recover, it has already recovered now. When the market is in a bearish trend, we have to follow the trend as most likely the price will just dump. The current price is $29k+, we had some minor recovery but I have a feeling it would fall back in the coming days.

[buwaytress]

Anyone still seriously think a "freefall" is going to be limited to 24k bottom? We are seeing lower lows on the weeklies... More sub-30k durations now than above. 24k is barely less than 20% drop.

Free fall would mean at least a third value loss once panic sets in.

Not to bear bad news. Hate to say it myself but every week we spend lurching makes the coming weeks seem more grim.

[romero121]

The price is around $29k for a long, every week there is no big forward move. The fluctuation have kept the market decline gradually. This could fall further, if few whales pull out from the market. The market bleeds red and the same is to be considered the time to invest. For time being there isn't much of investment happening, because last year there were more new entries into the market which is also a reason for the market to get bumped.

[Newlifebtc]

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.

I believe the price is unpredictable and is something that you can not understand the speculation and how the market rings about, today you will see the price moving higher and tomorrow the price will kick slowly for the market, so Bitcoin is a market that the price going up and down is grown by the statistics or the qualiy of people demanding for it and the level of people admit to sell,those people who is holding cryptocurrency is the one regulating the chances of it going up and down

[Sebas.tian]

I am thinking that the price will fall because if it will recover, it has already recovered now. When the market is in a bearish trend, we have to follow the trend as most likely the price will just dump. The current price is $29k+, we had some minor recovery but I have a feeling it would fall back in the coming days.

Yes, the price will still decrease further before it can increase higher for those that invested a huge amount of money few months ago to start selling to make a passive income from the market. The price dropped down to $29,000 few hours ago which the price is still preparing to drop down to $24,000 for those that missed the opportunity to use this opportunity to buy more and hold for a better future to come. I believe investors will definitely experience improvement from the market price next month because the green light is preparing to be fully stable through out next month.

[BobK71]

We have seen for a long time that BTC existed between 38-42K. At that time it could not be said whether the market will go up or go down. Today the price come down from there. Now it can be said that we will be able to get out of the bear market soon. Now just waiting for the time. If the global situation remain unchanged, we will soon see another bull market.