Bitcoin scenario crashing to $20.000 - $23.000

[fzkto]

some of them are certainly experienced analysts.

Schiff makes calls on macro economic factors vs fiscal budgets and so on.   I know him from the 2008 crisis and he called that beforehand but he isnt a tech guy and doesnt especially have a great insight into crypto.    Same way I'd describe the constant downvote from Buffet, why would I care about his opinion when he is so happy to back government debt while they undermine the common workers wages with non stop money printing year in and out; he doesnt care about wages he has assets & all players have bias even the 'greats'

Some use Schiff's tweets as a counter-indicator because in 2018, when bitcoin was falling below 4k he said that bitcoin was just starting its fall at that point. His words sound about the same now as they did then. I also think there are too many analysts talking about a strong fall that it is so obvious. There is a chance that it won't happen and those analysts who were talking about the fall will be talking about ATH again, classic.

[Reatim]

some of them are certainly experienced analysts.

Schiff makes calls on macro economic factors vs fiscal budgets and so on.   I know him from the 2008 crisis and he called that beforehand but he isnt a tech guy and doesnt especially have a great insight into crypto.    Same way I'd describe the constant downvote from Buffet, why would I care about his opinion when he is so happy to back government debt while they undermine the common workers wages with non stop money printing year in and out; he doesnt care about wages he has assets & all players have bias even the 'greats'

Moreover, many analysts are also against Bitcoin for a variety of reasons, thus, we shouldn't always take such analysis for granted, but in this scenario both analyst's predictions are correct so far, since we're slowly moving towards the $25.000 mark (Currently at ~27.500) and Ethereum currently trending at $1.450.

maybe they are against bitcoin at the moment to spike up, because obviously the market is dumping now and indeed we are in the bearish market .
and obvious that we are on the verge of dumping more from what we can see on this part .
20k? i am waiting for this now because my mid year bonus has been released and I am wanting to fund all this for Bitcoin so hope you will see this lowering like what market is showing now.

[davis196]

My gut says there will be a flash down to $20k to mop up all the shorts and then a steep rise to leave all the weak hands behind. But then again this is Bitcoin.

I don't expect a steep rise coming soon, because there's nothing that could pump the Bitcoin price fast in the current situation.
Like OP said, the risk appetite has gone away from the markets and it won't be coming back soon (at least not in 2022).
I expect the crypto winter to continue in the 20-30K USD price range and a new bull run coming after the war in Ukraine ends(or before the 2024 Bitcoin halving).
Anyway, this seems like a reasonable analysis, but the liquidity withdrawal from the markets is going to be temporary (1-2 years maximum).
I wouldn't call the price drop to 20-23K "crashing". A price crash is something that happens unexpectedly. This price drop is expected by many traders and analysts. It's just a continuation of the current bear market.

[Lucius]

Schiff makes calls on macro economic factors vs fiscal budgets and so on.

He is also known as one of the gold bugs whose speculations turned out to be completely wrong, because if I'm not mistaken somewhere in 2015 he talked about the price of gold as much as $5000, and although today we are not even close to those values he is already talking about the price of gold as much as $20 000 in the event of a collapse of the US dollar.

When you look at some of his statements about Bitcoin from the past, it is more than obvious that his goal is to devalue Bitcoin in relation to gold - because he is primarily an investor in gold and it does not suit him that Bitcoin ever reaches the standard of digital gold.

Moreover, many analysts are also against Bitcoin for a variety of reasons, thus, we shouldn't always take such analysis for granted, but in this scenario both analyst's predictions are correct so far, since we're slowly moving towards the $25.000 mark (Currently at ~27.500) and Ethereum currently trending at $1.450.

It is not difficult to give pessimistic speculations when we are in a bear market, and most of these experts spoke quite differently when the price of Bitcoin was close to $70k.

Peter Schiff is still negative on bitcoin but admitted that its price could skyrocket to $100,000k. What’s more, he regrets not buying some in 2011.
Peter Schiff is known for many things – from calling the 2008 financial crisis to supporting gold on every occasion. But he’s famous within the cryptocurrency community as the ultimate basher, as he takes every opportunity to take a stab at BTC and the altcoins.

[Ultegra134]

Looking at the market now? it seems that we are on the direction in which you mentioned?

https://coinmarketcap.com/currencies/bitcoin/

the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022?

or is there any chance that it will not fall below 25k?

The current lowest point of the day is standing at $27.266, which isn't far from $25.000, a barrier that I also anticipated weeks ago.
Currently, it seems to have settled at $27.500, without showing major movement. My best bet is that the upcoming weeks will show a further loss of value. I'm hoping that the $25.000 barrier won't be broken, and sustain its price above that.

[boyptc]

or is there any chance that it will not fall below 25k?

Just think of all the possibilities right now.

It's possible to fall to $25k, to $20k and even to $17k or $15k. You name it, it is bitcoin and it's nature of being volatile can drop into those prices that we're not expecting it to be low.

We've seen how $20k of 2017 became $3k on 2019.

We don't know how low it's going to be this time after hitting $69k as its last ATH. But whatever it will be, fill your bags and don't forget to buy when it's cheap.

[stadus]

$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.

Some people may panic, but some will take this as an opportunity.

Welcome to the bear market, the tough times for those who don't trust bitcoin.

[Mr.Scott]

Looking at the market now? it seems that we are on the direction in which you mentioned?

https://coinmarketcap.com/currencies/bitcoin/

the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022?

or is there any chance that it will not fall below 25k?

We've lost 28K. Current market condition quite uncertainty, and anything could happen. Bitcoin market moving around 27-30k, and perfect opportunity for arbitrage trader. Bitcoin falls roar $28,000 and down practically 6% to $27,270 as of now. I see lot of technical analytics are taking about if we lose 25K we're heading to under 20k. Here, I'm holding up fro affirmation.

[sana54210]

maybe they are against bitcoin at the moment to spike up, because obviously the market is dumping now and indeed we are in the bearish market .
and obvious that we are on the verge of dumping more from what we can see on this part .
20k? i am waiting for this now because my mid year bonus has been released and I am wanting to fund all this for Bitcoin so hope you will see this lowering like what market is showing now.

I have to say even 27k was a shock to me because it looked like we were getting a lot more accumulation, and that means that the more people start to collect up, the less there will be available in the market. Whatever is the liquidity in the market, is the decisive factor in the price movement.

When there are plenty available, that means we are seeing a ton of people willing to sell for a certain amount, but when it is not a lot, when it is a lot less, that means people are willing to hold and right now we are there. Doesn't mean it can't drop, like we have seen now it did, because some people may cash out, big amounts, but I believe it is still not an usual move.

[eaLiTy]

$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.

Some people may panic, but some will take this as an opportunity.

Everyone who look for an opportunity to invest in BTCitcoin would always want to see the price to fall to those levels and there is nothing to be surprised as we have seen that multiple times in the past and still some are surprised that the correction means that the market will not rally again .

Welcome to the bear market, the tough times for those who don't trust bitcoin.

New investors who are yet to book their profit might stay away from the market for a long time and that is the best solution right now and then enter once the market recovers again after the next halving. Patience is everything in a market.

[Ultegra134]

$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.

Some people may panic, but some will take this as an opportunity.

Everyone who look for an opportunity to invest in BTCitcoin would always want to see the price to fall to those levels and there is nothing to be surprised as we have seen that multiple times in the past and still some are surprised that the correction means that the market will not rally again .

Welcome to the bear market, the tough times for those who don't trust bitcoin.

New investors who are yet to book their profit might stay away from the market for a long time and that is the best solution right now and then enter once the market recovers again after the next halving. Patience is everything in a market.

Some say that it's a great opportunity to accumulate more Bitcoin, however, due to the economic recession we're going through now, small investors are incapable of resorting to large investment. I'm also a strong supporter of Bitcoin and actually believe that eventually, it'll recover, but I barely make ends meet with my salary, thus, I'd rather not take such a risk.

Bitcoin is currently trending at almost $28.000, showing small signs of recovery since the afternoon and Ethereum at $1.500.

[cryptomaniac_xxx]

$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.

Some people may panic, but some will take this as an opportunity.

Everyone who look for an opportunity to invest in BTCitcoin would always want to see the price to fall to those levels and there is nothing to be surprised as we have seen that multiple times in the past and still some are surprised that the correction means that the market will not rally again .

Welcome to the bear market, the tough times for those who don't trust bitcoin.

New investors who are yet to book their profit might stay away from the market for a long time and that is the best solution right now and then enter once the market recovers again after the next halving. Patience is everything in a market.

Some say that it's a great opportunity to accumulate more Bitcoin, however, due to the economic recession we're going through now, small investors are incapable of resorting to large investment. I'm also a strong supporter of Bitcoin and actually believe that eventually, it'll recover, but I barely make ends meet with my salary, thus, I'd rather not take such a risk.

Bitcoin is currently trending at almost $28.000, showing small signs of recovery since the afternoon and Ethereum at $1.500.

As of the current price, is way below $28k, trading at at price of $27,350 and still going down. But this is the start of the week for Asian market, so maybe we will see some recovery here in there. For all investors, may it is DCA method that can really help them accumulate overtime. And as long as you look at your goal long term, no doubt that you can accomplished it very slowly. We just have to understand the game and how are we going to stretch our financial capability so that we can still invest right now.

[Baofeng]

$20k here we go, I'm not surprised if Bitcoin will reach at that level again, I mean a bear market is also unpredictable like bitcoin when it's bullish, so we have to accept if it will reach $20k or even fall because it will always recover like it did many times.

Some people may panic, but some will take this as an opportunity.

Everyone who look for an opportunity to invest in BTCitcoin would always want to see the price to fall to those levels and there is nothing to be surprised as we have seen that multiple times in the past and still some are surprised that the correction means that the market will not rally again .

Welcome to the bear market, the tough times for those who don't trust bitcoin.

New investors who are yet to book their profit might stay away from the market for a long time and that is the best solution right now and then enter once the market recovers again after the next halving. Patience is everything in a market.

Some say that it's a great opportunity to accumulate more Bitcoin, however, due to the economic recession we're going through now, small investors are incapable of resorting to large investment. I'm also a strong supporter of Bitcoin and actually believe that eventually, it'll recover, but I barely make ends meet with my salary, thus, I'd rather not take such a risk.

Bitcoin is currently trending at almost $28.000, showing small signs of recovery since the afternoon and Ethereum at $1.500.

As of the current price, is way below $28k, trading at at price of $27,350 and still going down. But this is the start of the week for Asian market, so maybe we will see some recovery here in there. For all investors, may it is DCA method that can really help them accumulate overtime. And as long as you look at your goal long term, no doubt that you can accomplished it very slowly. We just have to understand the game and how are we going to stretch our financial capability so that we can still invest right now.

Selling pressures again, and yes, we are getting closer to $25k, but I guess we can't stop it from happening. Not sure if the opening of the Asian market can salvage what is going on right now. I'm thinking that this is another red candle for us, perhaps at the end of the week, around $25k-$26k.

Of course, another perfect time to buy, but it's going to be a long hold for us. And in the next half of the year, there could be another golden opportunity when we reach like a capitulation price of $20ki'ish.

[Fundamentals Of]

I'm also not really bothered by a price decrease, not at all because this is going to mean a bigger pay for me in terms of Bitcoin. But it is fun and sad at the same time. It also affects me somehow that a bear market prediction comes true. I am generally bullish on Bitcoin.

This particular prediction is fast becoming a reality. The price is indeed approaching towards $23,000. Things happened quite fast. Just 3 days ago, the price was still holding on to $30,000. Now the price is barely holding on to $25,000.

[yhiaali3]

Personally, I thought Bitcoin was able to overcome the deflation in the global economy as a result of inflation, but unfortunately this did not happen. It seems that Bitcoin was severely affected by the deflation, but I hope that this effect is only temporary, for a long time Bitcoin managed to stay outside the twenty thousand area and maintained a good resistance, but Now it entered this area, and this is a negative indicator that indicates the possibility of continuing the decline, and we may witness 24/26K soon, especially with the negative weekly closing.

[dezoel]

Looking at the market now? it seems that we are on the direction in which you mentioned?

https://coinmarketcap.com/currencies/bitcoin/

the price of bitcoin now close to 26k and still lowering , is this the sign of the new lowest value for this year 2022?

or is there any chance that it will not fall below 25k?

We've lost 28K. Current market condition quite uncertainty, and anything could happen. Bitcoin market moving around 27-30k, and perfect opportunity for arbitrage trader. Bitcoin falls roar $28,000 and down practically 6% to $27,270 as of now. I see lot of technical analytics are taking about if we lose 25K we're heading to under 20k. Here, I'm holding up fro affirmation.

Yeah we lost it for some hours but take a look at the price again, we are now back at 28k. This is the chance that @kotajikikox is looking for. I am sure that we won't hit 25k but the price will just play on 27,28 and 29k. Not just the arbitrage trader but a normal trader can also earn on the fluctuations that we are seeing now.

Technical analysis may seem not enough but I would believe it more if they also teamed it up with fundamental analysis. It is still up to btc if what directions it will venture but whatever it may be, we don't have a choice but to go with flow. If price falls more then buy or continue hodling but if it pumps then sell and take out some profits.

[kotajikikox]

or is there any chance that it will not fall below 25k?

Just think of all the possibilities right now.

This is the positive that we are looking mate? we are now at 25k as i speak , so basically in any moment Bitcoin price will drop below 25k and yeah even How high i wanted this ? yet the market will still drop .

https://coinmarketcap.com/currencies/bitcoin/

It's possible to fall to $25k, to $20k and even to $17k or $15k. You name it, it is bitcoin and it's nature of being volatile can drop into those prices that we're not expecting it to be low.

Yeah I guess it will , there is a close to that weight , and I hate this to be having potential any increase now.

We've seen how $20k of 2017 became $3k on 2019.

We don't know how low it's going to be this time after hitting $69k as its last ATH. But whatever it will be, fill your bags and don't forget to buy when it's cheap.

Indeed , I'm filling my bags now as I have steady budget for dumping market like this.

[adaseb]

Well that was pretty quick. Bitcoin already broke the yearly low. At first with the stock market dumping and Bitcoin holding steady and later with the ETH dumping due to the stETH mess, it seemed like BTC would hold however…

When Celcius stopped withdraws and sent like over $100M worth of BTC to exchanges… people knew it was game over. Feel bad for those holders who wanted to make extra % by staking their BTC only to lose it all.

Remember Not your keys  not your coins.

[pooya87]

Personally, I thought Bitcoin was able to overcome the deflation in the global economy as a result of inflation, but unfortunately this did not happen. It seems that Bitcoin was severely affected by the deflation, but I hope that this effect is only temporary, for a long time Bitcoin managed to stay outside the twenty thousand area and maintained a good resistance, but Now it entered this area, and this is a negative indicator that indicates the possibility of continuing the decline, and we may witness 24/26K soon, especially with the negative weekly closing.

Don't you mean inflation?
In any case the problem with bitcoin is currently market manipulation. The market (that is the order books on exchanges) has always been small enough for manipulation to be effective specially if it is in the same direction as the market sentiment is (currently undecided sentiment).

So when the FUD convinces people that bitcoin has magically and after 13 years has decided to for the first time to follow US stock market and then that market dumps, a lot of newbies who believed the FUD would dump their bitcoin for no reason but being manipulated into panic selling.

Otherwise it hasn't occurred to anyone why dump size is so close whereas it should have been huge if history is any indication? That means stock market dumps 7% and bitcoin dumps about 8% whereas historically it should have dumped 20%.
They are just squeezing newbie weak hands out.

[Joshapat]

Today I was surprised when I opened a trust wallet and saw the market drop of more than 10%, even when I noticed the price of bitcoin was almost dropped below $ 25k even though it was currently rising again to around $ 25,500, the Bitcoin scenario to drop down $ 25k was certainly very large so that I put up a buying price of $ 23K in spot exchanges.