Was $25K the bottom?

[btc78]

are we still waiting for 25k down trend? because it seems that the price is staying above that level though the price drops to 26k weeks ago but not happened to go ate 25,000.

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

many believe but still not coming to that value so maybe we are on the waiting time now if this will increase or decrease .

[Frengki_cisco]

Many of you will read this and probably think hell no: We go to $20-$22K. We go down 80% like every time to $14K. There'll be a multi-year bear market. But what if most of you were wrong.

Predictions can be done by every crypto user, there are various predictions that I read outside this forum on Bitcoin, for now I prefer to trade in Bitcoin, rather than having to wait as you say, fate will decide if it happens otherwise, I believe Bitcoin is a 20k low.

[peter0425]

Discussions on group telegrams such as Top Exchanges are sure that the price of Bitcoin can drop below $ 25k, maybe this is FUDS to make us panic and sell Bitcoin, but if that happens then the best thing is to buy because I'm sure Bitcoin has power to rise Again and be a good opportunity to get big profits.

Mate Asu, I think it is not FUDs, BTC price is very possible to drop below $25k. The lowest price of BTC this year was around $26,9k (May 12), it is not really far from $25k.

it is not because the price dropped at 26k meaning we are still waiting for 25k , remember that the value of bitcoin already recovered and staying strong at above 28k so lets not look at this negative approach instead lets look at positive side.

If the scheme is the same as the previous bearish, this bearish will lasts until 2024. With 2 years of bearish, the price of BTC is likely to drop more. I even think the price of BTC may drop below $20k. But yes, it must rise again in the next bullrun season.

lol , 2024?  how come that you are looking at this position ? now you are showing FUD and we are not intended to let people understand this lol.

[dezoel]

I believe that unless something major happens, we are not going to be under 30k too many times neither, or maybe like 29k+ dips and going back up again. Of course this is crypto world and something crazy could always happen and I believe that we could be actually having some trouble with that.

Nobody knew that Luna would be going down like it did neither but it did and that impacted the whole crypto world, that means that something similar "may" happen but how frequently does it really happen? This is why my guess is that during this summer we could peak over 40k again, summers are usually not that well, but it could happen if we are lucky, if not then we will wait for Q4.

[fzkto]

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future. The number of long positions on bitfinex is constantly increasing. I think this is just for a reason. Many people are afraid to buy now and are waiting for bitcoin to get cheaper. But usually the market moves against the expectations of most.

[ShowOff]

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future. The number of long positions on bitfinex is constantly increasing. I think this is just for a reason. Many people are afraid to buy now and are waiting for bitcoin to get cheaper. But usually the market moves against the expectations of most.

There is always the potential for the price of bitcoin to drop lower than $25K, but a reversal also seems more likely and the price never drops lower again. Prices cannot be predicted with certainty because sometimes the opposite happens because market demand and supply are very uncertain. We have a history of bad price declines in the past where bitcoin prices fell by more than 85% from ATH. But obviously that's not a bad sign to judge bitcoin's future due to the fact bitcoin price has managed to score another ATH in 2021.

[Silberman]

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

While it makes sense that people are worried about the potential bitcoin still has to keep going down, at the same time we need to see this not as some sort of crisis but as an opportunity, it is very unlikely that once the next halving comes and we see yet another bull run that we are going to see a price as low as the one we are seeing right now, so if possible we need to take advantage of the low price so we can reduce the average price we paid for our bitcoin while at the same time we increase our holdings as much as possible.

[Kemarit]

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

While it makes sense that people are worried about the potential bitcoin still has to keep going down, at the same time we need to see this not as some sort of crisis but as an opportunity, it is very unlikely that once the next halving comes and we see yet another bull run that we are going to see a price as low as the one we are seeing right now, so if possible we need to take advantage of the low price so we can reduce the average price we paid for our bitcoin while at the same time we increase our holdings as much as possible.

The next bitcoin halving will be the catalyst, no question about that. Well, yeah it make sense for people to worried this early because of the bear market, but it is what it is. We all know that this is going to happen so we should prepare ourselves at least in the beginning of 2022. And then once you prepared yourself, you will have to think of a strategy, and that is continue to buy at every dip even if it is not the floor price. Because the potential for profits will almost be there, no matter what price you buy during a bear market.

[rodskee]

Many of you will read this and probably think hell no: We go to $20-$22K. We go down 80% like every time to $14K. There'll be a multi-year bear market. But what if most of you were wrong.

Predictions can be done by every crypto user, there are various predictions that I read outside this forum on Bitcoin, for now I prefer to trade in Bitcoin, rather than having to wait as you say, fate will decide if it happens otherwise, I believe Bitcoin is a 20k low.

why need to wait for that low when we are ready to Keep Holding for long term right? though it is more lower than what is the price now but what if the price did not fell down that low? and suddenly climbed high tomorrow? so you will regret that decision because you need to buy at much higher than what this prediction brings?
There is prize for the believers but there are a taking from those greed and irresponsible investors.

[fzkto]

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future. The number of long positions on bitfinex is constantly increasing. I think this is just for a reason. Many people are afraid to buy now and are waiting for bitcoin to get cheaper. But usually the market moves against the expectations of most.

There is always the potential for the price of bitcoin to drop lower than $25K, but a reversal also seems more likely and the price never drops lower again. Prices cannot be predicted with certainty because sometimes the opposite happens because market demand and supply are very uncertain. We have a history of bad price declines in the past where bitcoin prices fell by more than 85% from ATH. But obviously that's not a bad sign to judge bitcoin's future due to the fact bitcoin price has managed to score another ATH in 2021.

I agree that there have been worse falls in history, but right now I think a good indicator is that almost everyone is talking about bitcoin going even lower. Many people want to buy it cheaper than they are currently being offered to do so. Usually at times like this the price starts to go up and they have to buy at the market price. Then the dump happens again.

[Russlenat]

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future. The number of long positions on bitfinex is constantly increasing. I think this is just for a reason. Many people are afraid to buy now and are waiting for bitcoin to get cheaper. But usually the market moves against the expectations of most.

There is always the potential for the price of bitcoin to drop lower than $25K, but a reversal also seems more likely and the price never drops lower again. Prices cannot be predicted with certainty because sometimes the opposite happens because market demand and supply are very uncertain. We have a history of bad price declines in the past where bitcoin prices fell by more than 85% from ATH. But obviously that's not a bad sign to judge bitcoin's future due to the fact bitcoin price has managed to score another ATH in 2021.

I agree that there have been worse falls in history, but right now I think a good indicator is that almost everyone is talking about bitcoin going even lower. Many people want to buy it cheaper than they are currently being offered to do so. Usually at times like this the price starts to go up and they have to buy at the market price. Then the dump happens again.

Now is the right time to buy, not when people are in FOMO because that would not usually lead to profit, especially if the market is no anymore bullish. Let's face the reality, we are in a bear market now, and just like in the past, some people will panic and sell their holdings, but how many times do we make mistakes, instead of panicking, why not buy cheap and close our eyes.

[Joshapat]

For now it can be said that $ 25k is the lowest price since ATH 6 months ago, as an investor who wants to get a big profit, the low price is the time to buy, do not panic by selling all the bitcoin we have and will make us regret because the market is immediately Rising Again, it's better to continue to buy and sell because profit and not loss or panic.

[Rengga Jati]

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future.

Why not? If you learn 4 years cycle of Bitcoin price, we are still at the beginning of bearish. The next halving will be in 2024 and the bullrun probably takes place in 2025. There are about 2 years to go to the next halving and about 3 years to have the next bullrun (bullish season). With several years remaining, it is very possible that the price of Bitcoin to drop below $25k, even to drop below $20k. We are talking about the possibility, and it is not impossible since BTC price is purely unpredictable.

Many people are afraid to buy now and are waiting for bitcoin to get cheaper. But usually the market moves against the expectations of most.

It makes sense if people are afraid to buy now because they know the 4 years cycle of BTC price. Sometimes the trend is against the expectation, but we already have similar schemes in the previous 4 years cycles. So, how can we don't believe it? Although the price history may not always repeat, we have a strong reason for that fact.

[dragonvslinux]

I'm not sure bitcoin will drop to these values. It can't go down without stopping for two months in a row. If the price goes down to 25k, it probably won't be for long. A bounce should happen in the near future.

Why not? If you learn 4 years cycle of Bitcoin price, we are still at the beginning of bearish. The next halving will be in 2024 and the bullrun probably takes place in 2025. There are about 2 years to go to the next halving and about 3 years to have the next bullrun (bullish season). With several years remaining, it is very possible that the price of Bitcoin to drop below $25k, even to drop below $20k. We are talking about the possibility, and it is not impossible since BTC price is purely unpredictable.

I agree that testing $20-22K is more than possible, now that $30K has been broken, even brief capitulation to $14K if there is a covid-like crash. I wouldn't rule any of this out.

However if price is still within a 4 year cycle, then the low would ironically be around $25K by the end of the year. This is where the 200 Week MA will be in November/December and what many have overlooked, based on the cycle theory that the low will arrive 12 months after the top. This is also why I'm very un-surprised that price already bounced from this level, if it is indeed the lowest price we'll see for the cycle. Given that it gives speculators a good opportunity to trade a dead cat bounce to $40K, $50K, even $60K, before potentially returning to $25-30K. As well as obviously hodlers looking for long-term discounts.

Quite clearly at the moment price is also oversold, or at least in Bitcoin terms oversold (in-between the December 2018 and March 2020 oversold levels). So realistically price can soon reach $20-22K and get to the December 2018 equivalent oversold levels to find a bottom, or simply bounce from here from the March 2020 oversold levels, without ruling out a re-test of $25K by the end of the year either.

The idea of a multi-year bear market also doesn't mean price needs to go any lower, something else many people seem to have ignored. Price could reach $50K in the next few months, even $60K, then re-test $25K at the 200 Week MA by the end of the year. If this happened then it would confirm a lower high from ATH, and clearly another 50% drop would be considered bear market activity, or a dead cat bounce at least.

A multi-year bear market simply means price won't make a new ATH, not that it will make a new ATL. Kind of like the 2019 run up from $3.2K to $14K back down to $3.8K. It was part of the 2-year bear market, but otherwise price failed to make a new ATL, given the second year was a dead cat bounce / consolidation year effectively. If the most recent cycle history is anything to go by that is.

[Marvell1]

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

No doubt about it, whether bitcoin drops to $25k or even $ 9k, it will rise again and hit new ATH. A bear market is not good for my portfolio but I don't feel too nervous because this is normal and it won't last forever.

Many people predict bitcoin will go back to $ 20k but the market will usually not follow the trend of the crowd. At times like this, I think the market will go against everyone's prediction maybe the price will go up instead of down but it is not a sign of a bull market, but a price trap.

[kotajikikox]

To be honest, there is not enough cash inflow in the market and the recent luna disaster wiped out 40B of cash from the entire ecosystem. I am expecting the BTC price to go around 20k or even lower. You will not find any similarities in historical patterns because everyone is analyzing them in different time frames. But one pattern is looking similar and that is after a long bull market, the BTC market stays bearish till the next halving.

that scenario had been in the market for long , that After halving and before halving scenario , though we can see that semi strong holding from bitcoin this years compared to the recent 2018 when the price literally fell hard after 2017 bull.
and yes that LUNA issue makes the volatility of the whole market move again and this affect a large volume of trading for days now.

We saw strong holding sentiment from the BTC investors, but we need to find out how long they could keep that sentiment. We know how whales manipulate the market, and most of those whales have been buying BTC for a long time, and most of those whale addresses didn't sell any BTC in the last bull run either. I think they will try to push the market further down to break the holder's sentiment.

obviously ? the investors aren't holding strong these days , because if they did then we should have holding at least 40k level right?

but no matter what still it is our part that will bring strong to the prices if we will keep holding a little amount.

We need to give salutes to the holders by seeing how strongly they act after the luna disaster. If this happens in 2018 then I can this the whole market could collapse from here. The market looks mature and strong.

and also they have no option right?

what they can do now is to keep holding or be Lose forever if they will sell the coins in this dip.

For now it can be said that $ 25k is the lowest price since ATH 6 months ago, as an investor who wants to get a big profit, the low price is the time to buy, do not panic by selling all the bitcoin we have and will make us regret because the market is immediately Rising Again, it's better to continue to buy and sell because profit and not loss or panic.

Lol Bitcoin price did not ffall that low mate, it is 26k is the lowest that we  encountered now .

[Baofeng]

For now it can be said that $ 25k is the lowest price since ATH 6 months ago, as an investor who wants to get a big profit, the low price is the time to buy, do not panic by selling all the bitcoin we have and will make us regret because the market is immediately Rising Again, it's better to continue to buy and sell because profit and not loss or panic.

Yes, that seems to be the case... for now. But remember we are still in the middle of the year and so the next 6 months might surprised us for the worst or better.

So we just need to be attentive of the price actions. If you have plans to buy, then wait for the actual dip and then purchase and hold. If it bottom at $25k and then you bought some then good. But there's always a lot of opportunity in this crypto sphere.

[Botnake]

Many people believe that $ 25k is not the bottom price this year, some even predicted to drop below $ 20k, but whatever happens I am optimistic that Bitcoin has the potential to skyrocket again, it has been proven that Bitcoin can skyrocket when there is a difficult situation in the year 2014 and 2018.

That's good! Indeed there's nothing to worry about because Bitcoin has been and always been the top cryptocurrency for a reason and that's because it is already proven that it will survive through time no matter how red the market is and it will still survive even if the market will experience huge dips in the future.

Long term hodler is not seeing this prices as a danger zone to them and withdraw their assets because they know the reality and they have chosen this specific currency because this is the most trusted.

[BITCOIN4X]

That's good! Indeed there's nothing to worry about because Bitcoin has been and always been the top cryptocurrency for a reason and that's because it is already proven that it will survive through time no matter how red the market is and it will still survive even if the market will experience huge dips in the future.

Worrying is a natural attitude for those who don't have much experience with crypto investing. They believe in the great potential of bitcoin but they may find it difficult to accept the reality if their investment is not profitable. Usually this concern will lessen as they become more educated about bitcoin investing. They just need to believe that volatility is normal and in the long term this investment will make them good profits.

Long term hodler is not seeing this prices as a danger zone to them and withdraw their assets because they know the reality and they have chosen this specific currency because this is the most trusted.

The problem is that not all of these investors think the same, and they also have different investment strategies. Some of them will probably take a profit of 10% or 20%, but some of them will probably aim for something bigger. It all depends on them and their strategy.

[Silberman]

While it makes sense that people are worried about the potential bitcoin still has to keep going down, at the same time we need to see this not as some sort of crisis but as an opportunity, it is very unlikely that once the next halving comes and we see yet another bull run that we are going to see a price as low as the one we are seeing right now, so if possible we need to take advantage of the low price so we can reduce the average price we paid for our bitcoin while at the same time we increase our holdings as much as possible.

The next bitcoin halving will be the catalyst, no question about that. Well, yeah it make sense for people to worried this early because of the bear market, but it is what it is. We all know that this is going to happen so we should prepare ourselves at least in the beginning of 2022. And then once you prepared yourself, you will have to think of a strategy, and that is continue to buy at every dip even if it is not the floor price. Because the potential for profits will almost be there, no matter what price you buy during a bear market.

It is normal that people get worried about the negative movements in the price of bitcoin, however what it is not acceptable is that people panic since it is not as if we have never seen bitcoin moving like that, we can clearly see even more adverse movements in the past so people should have prepared themselves for this, however if we can think for the long term we can also see that bitcoin will move up once we get closer to the next halving, which means that the price that we are seeing is the perfect opportunity to get some bitcoin for a cheap price and then get great benefits a few years in the future.