Bitcoin scenario crashing to $20.000 - $23.000

[Smack That Ace]

Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.

I believe the price of Bitcoin will always be above $20k until next year, and $18k is an all time low for the bear market this time,
because according to technical analysis Bitcoin is really at the point of oversold, which means that many have sold Bitcoin when the price under $20k, well I hope this is true

I also hope that the price of bitcoin will always be above $20k and not fall below $20k again, but anything is still possible in the crypto market, let alone the global macroeconomic situation that is still volatile. So, let's see and wait how far the price movement of bitcoin so far this year.

Although the past few days are showing bright signs, the economic situation is still too volatile, once the war has not ended, a stable economy cannot be expected. I don't care how much bitcoin will fall, the more the price drops the more bitcoins I will collect because I am a long term investor, I can hold and wait longer than 2025 as everyone is expecting. But if the bear market lasts too long, it will also affect the market, many people leave and it is difficult to develop the crypto market.

[popeye95]

Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.

I believe the price of Bitcoin will always be above $20k until next year, and $18k is an all time low for the bear market this time,
because according to technical analysis Bitcoin is really at the point of oversold, which means that many have sold Bitcoin when the price under $20k, well I hope this is true

I also hope that the price of bitcoin will always be above $20k and not fall below $20k again, but anything is still possible in the crypto market, let alone the global macroeconomic situation that is still volatile. So, let's see and wait how far the price movement of bitcoin so far this year.

Although the past few days are showing bright signs, the economic situation is still too volatile, once the war has not ended, a stable economy cannot be expected. I don't care how much bitcoin will fall, the more the price drops the more bitcoins I will collect because I am a long term investor, I can hold and wait longer than 2025 as everyone is expecting. But if the bear market lasts too long, it will also affect the market, many people leave and it is difficult to develop the crypto market.

True, too soon for the celebration when BTC is over $24k when the market is still uncertain and hasn't stabilized yet. If BTC drops down to below 20k, you'd DCA more since you're a long-term holder. Even then, you're hurting your own bag since if the market goes too low, things will go overboard. Did you see crypto financials and investment groups filled for bankruptcy and bait out? Another drops like when BTC hit 17k might set back the crypto scene for years.

[Kemarit]

Currently the price of bitcoin is experiencing a slight increase in price, where the price has returned to touch $23k after a few months ago the price of bitcoin fell to touch the level of $17k which resulted in the price of bitcoin experiencing sideways. Therefore, let's see if the current price still has the potential to bounce down like before, or whether it manages to rise up. Hopefully the market recovery will return as expected.

I believe the price of Bitcoin will always be above $20k until next year, and $18k is an all time low for the bear market this time,
because according to technical analysis Bitcoin is really at the point of oversold, which means that many have sold Bitcoin when the price under $20k, well I hope this is true

I also hope that the price of bitcoin will always be above $20k and not fall below $20k again, but anything is still possible in the crypto market, let alone the global macroeconomic situation that is still volatile. So, let's see and wait how far the price movement of bitcoin so far this year.

Although the past few days are showing bright signs, the economic situation is still too volatile, once the war has not ended, a stable economy cannot be expected. I don't care how much bitcoin will fall, the more the price drops the more bitcoins I will collect because I am a long term investor, I can hold and wait longer than 2025 as everyone is expecting. But if the bear market lasts too long, it will also affect the market, many people leave and it is difficult to develop the crypto market.

I would agree that the war is still a noise in the background and it could affect every market not just crypto. And there is no way that this might end in the next couple of months or this year. So it will affect the mindset of investors, nevertheless the market will remain and try to go above the $20,000 market. That is the biggest test for us and it seems that we have gotten over it already for the last month or so. And hopefully it will sustain that price or even go to $26,000-$28,000 as this is going to be very critical as it can tell if we can go to $30,000 or more. That for me is the biggest barrier to be broken so that we will not see another lower lows for this year.

[Republikcoin.com]

I also hope that the price of bitcoin will always be above $20k and not fall below $20k again, but anything is still possible in the crypto market, let alone the global macroeconomic situation that is still volatile. So, let's see and wait how far the price movement of bitcoin so far this year.

If for this whole year I'm sure the price of Bitcoin will not be below $20K again and even I am still very confident that the price of Bitcoin can exceed the price of $25K within this year or during this time of year. Although anything can still happen in the crypto market right now, but for the price of Bitcoin I think it will still stay at a better price.

[newdevices]

I also hope that the price of bitcoin will always be above $20k and not fall below $20k again, but anything is still possible in the crypto market, let alone the global macroeconomic situation that is still volatile. So, let's see and wait how far the price movement of bitcoin so far this year.

If for this whole year I'm sure the price of Bitcoin will not be below $20K again and even I am still very confident that the price of Bitcoin can exceed the price of $25K within this year or during this time of year. Although anything can still happen in the crypto market right now, but for the price of Bitcoin I think it will still stay at a better price.

yes also agree with you that the price of Bitcoin will not go back below $20k, and maybe it will be another bullrun,
because the recession will have a positive effect on cryptocurrencies, just like during covid 19,
many people think bitcoin will not be bullish, but 2020, the bullish trend is very strong and makes altcoins and bitcoins reach new ATH

[Rimueng]

Hello there,
I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.



George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.

Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html


Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp

What was stated by George Savakis who predicted a bitcoin price correction of up to $20k-$23k was true. Especially now that bitcoin is traded at a price range of $23k-$24k after a few months ago it fell to a price level of $17k. Therefore even though the bitcoin price is currently stuck in the $24k area, it still seems difficult to see a market recovery in the near term.

[rby]

Hello there,
I'm not the kind of guy who bothers about its price and any predictions that pop-up, because I haven't let the downtrend affect me. I'm planning to accumulate as much Bitcoin as I can and hold it for a long period. However, an article was trending on my news feed and decided to check it out. According to the article, Bitcoin was supposedly capable of avoiding inflation, although, it seems to have been severely affected by it. The change in risk appetite, the tightening of monetary policies and the withdrawal of liquidity from the markets and, finally, the rapid rise in inflation show that the cryptocurrency market has been severely impacted.



George Savakis, with the help of the analyst Dimitris Tsantoy, a member of Elliot Wave trader community, are predicting a correction down to $20.000 - $23.000, while claiming that as long as Bitcoin is below $35.000, it's extremely unlikely to see a market recovery.

Source: https://www.euro2day.gr/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html


Translated to English:
https://www-euro2day-gr.translate.goog/investments/crypto/article/2136805/h-tehnikh-analysh-deihnei-nea-ptosh-toy-bitcoin-to.html?_x_tr_sl=en&_x_tr_tl=el&_x_tr_hl=el&_x_tr_pto=wapp

What was stated by George Savakis who predicted a bitcoin price correction of up to $20k-$23k was true. Especially now that bitcoin is traded at a price range of $23k-$24k after a few months ago it fell to a price level of $17k. Therefore even though the bitcoin price is currently stuck in the $24k area, it still seems difficult to see a market recovery in the near term.

I don't get some analysis most times. It seems that George was right but then, in the process of being right there is still contradiction. If bitcoin can be able to move from 17 to 23 according to him that is recovery already. So does he mean that after Bitcoin gets to 23 it will return back to 17 or it will remain in that price range for ever?
Common sense should say that if something rises from 17 to 24, it can still get to 35 and more. Let us day that the first phase of his prediction has happened, let us wait for the second phase.

[Baofeng]

^^ Just remember most of the time, as we can't predict the price movement, those TA gets invalidated as well. So it doesn't mean that we will get back to $17k as I believed that the bottom is in already. But we might go on another sideway pattern again, as we goes down to $21k, so it could be around $20k-$23k as what the OP have said months ago. I know, it doesn't make sense to go back to the movement again, but it is what it is, that's how bitcoin market work, it's hard to gauge the movement until we crossed the bridge.

[Aliem Nur]

Bitcoin has now entered that price, and is now trading at $21K, briefly dropped below $21k and bounced,
and hopefully this price is the strongest support price, because if $20k breaks, maybe we will see $15k to make a new lower low

[Untomabur]

Bitcoin is trading at $22k right now, and I've been told that I've seen the telegram channel,
twitter and some ideas from tradingview also all say $20k is still important support,
so it might be time to buy? because if indeed this price is a cheap price have you also bought it?