$13,000 is quite possible this week

[buwaytress]

Frankly, market deserves cleaning long time ago. We have so many alts with similar ideas, so I am not worried of some of them dies completely.

I've noticed many starts talking about recover. I do see any recovery right now; we are trampling around the same. Yesterdays growth is completely countered by drop at night. I expect Bitcoin to be around $19-21k for next week or two, and then go lower, lets say to $18k. We will be on that level for some time, and than go deeper. World economy still in huge trouble to speak about any kind of recovery imo.

Yeah the last proper purge was 2019/20. Don't think it got much cleaner than then, but then it all got smelly and dirty again the moment defi and nft bullcrap reared their heads again. You know, ICO guys dusting themselves off for another round of ponzi-farming.

We're seeing nonsense nft gaming and metaverse (their themes, not mine) tokens down 90% from November already, but that still needs to pull in the last remaining bit of dumb money, get a few flashes up and then die their natural deaths.

I like the romantic decoupling notion too but as I always insist, based just on myself and others living actual lives, when you gotta put food on the table and that food costs more than what you earn, you sell Bitcoin. It's not like we want to, you have to. Worst case, pause DCA. Either way, people are going to be forced to contribute to selling pressure or removing demand until their personal finances settle.

[1714996541]

1714996541

[TimeTeller]

I guess the dump is finally over, bitcoin is already over $20k now, and it is consistently recovering.

Bitcoin reached $21k already today, and this is a good sign that bitcoin will not dump below $20k anymore.
The opportunity was there, if we fail to accumulate, we might miss the opportunity to make a short-term profit.

In order for bitcoin to convince people that it's back bullish, it should break $30k soon because that's a big milestone for a new success after a hard dump.

I wouldn't say it is "over" but at the end of the day we would never know. Has it recovered? Yes it has recovered a bit and the price is higher right now, and that is a great thing but it has "recovered", doesn't mean that it can't get lower again as well which is the biggest problem.

This means that we are going to be living in a situation where it is unknown until it happens, so the price could stay above 20k and go to 30k slowly and then even higher, or it could suddenly crash again and drop to a new low level, which is a big problem. I am really not sure what is going to happen but just like the typical of me, I will just hold and do nothing else.

Actually, we are always living in unknown market here ever since.
Because even before, no one really has the power to predict the exact future of this market.
So as the market seems to be very inconsistent, you can just observe and act on what you think is favorable on your part.
$13k is very possible, so at that point, you should know what to do, either buy more or hold off.

[Sang Prabu]

The lowest price since ATH is around $ 17k and I hope not to drop even lower, if the market continues to drop certainly makes many people panic and will make prices continue to fall, but many are waiting for a low price moment because they plan to buy, in my opinion this is an idea Good is buying when low prices.

[snipie]

The lowest price since ATH is around $ 17k and I hope not to drop even lower, if the market continues to drop certainly makes many people panic and will make prices continue to fall, but many are waiting for a low price moment because they plan to buy, in my opinion this is an idea Good is buying when low prices.

The bitcoin price gaining between $2-3k these last days boosted the confidence a little for many users to regret not buying in the dip.
For now the price is hovering around $20.5k +/- 0.5. Hopefully it will rise again to +$30k by July.

[Kadal Ijo]

Many are waiting for the price of bitcoin dropping below $ 20k even under $ 15k to buy, on FTX and HitBTC I see someone put up a buying price of around $ 15k with a large value of up to 10 BTC, only the whales have huge money and do it, with facts Like this I'm sure that never sell Bitcoin at a cheap price, the Pope can pump whenever they want.