$13,000 is quite possible this week

[Darooghe]

In my opinion, $13K is quite possible this week for Bitcoin. But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.


Updates: 18/6/2022

Liquidation updates on $14000. You can see on below link:

https://oasis.app/25977#Overview

So you can set you takes profits on $14K and make easy money.

Don't forget, Whales and Market manipulation agents looking for Liquidation of Celsius platform. So we will see that level, and even we see lower levels around $6k. I was around crypto market for a long time and I can tell you this bearish season is different from pervious ones. Get short positions.
And Don't forget this is my personal analysis. It may be debunked sooner or later, I personally have a short position with TP around $13,600 and SL around $28,000. I got this position around $23,000.

[Ozero]

I am no longer surprised by anything. Until recently, it seemed that the predicted price of bitcoin below $30,000 from the standpoint of this year was unrealistically low. But now we have the price of bitcoin below $23,000. If in 2018 the price of bitcoin fell from $20,000 to $8,000, now it may well fall to $13,000. I remember that when bitcoin went up to $60,000 and above last year, some argued that it could not go below $20,000. Well, we'll see. Three bearish periods during the existence of the cryptocurrency is not yet a reason to argue that it will continue to be so.

[MrDave]

It seems quite possible now, that's what we all are noticing. I am sure there is going to be panic if it touches $13,000 mark.

[mk4]

I'm definitely not saying that 13k wont happen (because it's definitely possible) but..

But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k.

..are you saying that these whales have some Discord/Telegram group for them to be sharing their ideas and sumnthn? And that you're actually in it? Or do you have some sort of mind-reading ability that goes beyond the internet?

[NeuroticFish]

In my opinion, $13K is quite possible this week for Bitcoin.

I find laughable that a good number of strong voices on Twitter are very convinced and convincing - for more than a week now (!) - that the price is on the verge of going sky high. And what the price does.. we can all see.
13k possible? Clearly. But actually both directions are just as possible right now imho.

If one wants to buy (since one's crypto winter is other's summer sales), then DCA-ing would be best, really. Don't wait for the price get to 13k (or whatever value) because it may or may not reach that point.

[Marvelman]

Yes. The overall macroeconomic environment and the level of fear in the market could cause bitcoin price to fall below $15,000, or even below, to a single-digit amount in the thousands of dollars. The US Federal Reserve is expected to decide this week whether to increase the reference interest rate in order to "cool" high inflation, and some analysts say that the US economy could be headed for a recession this year. What could happen? Will the world economy fall into a deep recession, or will it simply stumble for a few months and then bounce back? Nobody knows.

[Leviathan.007]

In the first place I can see there are more support levels before 13K and since these areas are now broken yet we cannot wait for the 13K. For example, 20K can be the key support area and before reaching the 13 can wait for this level. However regarding the price action of bitcoin since we are still in the bearish phase of the market, I won't be surprised even if we see the lower levels even 10K or lower prices, we should be ready for everything and this situation made everything hard for the holders and especially the people who bought bitcoins on higher prices and especially if they do not have any risk managments plan for themselves.

[LegendaryK]

Your $13k might be too high,

https://cointelegraph.com/news/bitcoin-has-support-at-23k-but-analysts-warn-of-a-dire-drop-to-8k-as-global-debt-unwinds

analysts warn of a dire drop to $8K

[Wilhelm]

Your $13k might be too high,

https://cointelegraph.com/news/bitcoin-has-support-at-23k-but-analysts-warn-of-a-dire-drop-to-8k-as-global-debt-unwinds

analysts warn of a dire drop to $8K

Analysts have been known to be shit at crypto predictions.
Anyone waiting for 8k Bitcoin should talk to the people still waiting for double digit Bitcoin ...

[rodskee]

In my opinion, $13K is quite possible this week for Bitcoin. But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.

that is really  hard  mate, 13k? how could this come to that low? any reason or proof? because this is bad speculation as this will bring Fud or less support from the community .
Hope that 20k is the lowest and not to down more , I bought last 27k and believe that increase is coming soon .

________________________________________

though there is a chance? yet I will never believe this until it happens.

[franky1]

Your $13k might be too high,

https://cointelegraph.com/news/bitcoin-has-support-at-23k-but-analysts-warn-of-a-dire-drop-to-8k-as-global-debt-unwinds

analysts warn of a dire drop to $8K

Analysts have been known to be shit at crypto predictions.
Anyone waiting for 8k Bitcoin should talk to the people still waiting for double digit Bitcoin ...

analysts???

wilhelm you are correct.. they are sh!t
legendaryK.. have you even looked at the link you shared..

excuse me but that link is some kid drawing on a chart with a pen

there is no analytical data supporting his colourful scratch marks

MA200 movements is not analytical.
its not Technical Analysis (TA) . its "trend anals" (ta) emphasis on the anal
dont confuse the two

anyone can look back at history and find another dip or spike depending on current situation and call the previous time it happened an MAxxx and then say "its happening again"

EG the MTGox suspension of btc withdrawals in 2014, anyone can make a chart and draw arrows and then say it fits the MA-Y12 model

[Lucius]

Various conspiracy theorists and those who live for the moments when average people lose money thanks to their reckless actions have welcomed their moment. Anything is possible and nothing should surprise us, so when asked how low Bitcoin can go, I answer that $100 per BTC is possible, which is actually good because everyone will be able to buy at least 1 BTC or at least half

By the way, the OP post doesn't really make sense, nor is $13k a magic limit that some whales want/don't want to reach - nor are people hungry for Bitcoin at a time when food has risen dramatically and hundreds of millions of people around the world will starve.

[Lorence.xD]

You don't know what you're talking about, whales aren't simpletons like you are, they will find a way to be able to make some money in the market because I am pretty sure that they've survived this long because they know how to turn the current situation in their favor. The market will always be unpredictable, don't try to predict it's every little movement because it's futile, might as well look at it at a long-term perspective.

[maydna]

In my opinion, $13K is quite possible this week for Bitcoin. But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.

I can only say that everything is possible if we look at the history of bitcoin's movement because we can not predict the price easily. Everything can change quickly without us having time to analyze it, which makes many people panic. But let's hope bitcoin doesn't drop below $20k and can stay at the current price and even bounce back up again so that it can be profitable for us. But if $13k or even $8k is the lowest bitcoin price, we can only wait for that moment to come while preparing our money to buy at that price.

[Gozie51]

But let's hope bitcoin doesn't drop below $20k and can stay at the current price and even bounce back up again so that it can be profitable for us.

When there is an ongoing trend it is difficult for a total change to happen but only a little can happen with time while trend is continuing. I think for the prediction of this year's price that we are still feeling the move, it may drop even more that we don't expect. The chart from CMC is showing a trend not going to change anytime in a rush.

[Yaunfitda]

In my opinion, $13K is quite possible this week for Bitcoin.

Why not? that is we are a going to see more dumps at least at the end of the week.

But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.

Not sure if you can categorized whales as the one who are dumping right now. They have a lot bag full of bitcoin so for me it doesn't make sense to dump them at all. On the contrary, whales are going to buy tons and shitloads of BTC because it is cheap. If there are people who are dumping right now, it is those who have panic and most likely, newbies or investors who don't have experienced seeing this kind of crash.

[jackg]

But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.

Not sure if you can categorized whales as the one who are dumping right now. They have a lot bag full of bitcoin so for me it doesn't make sense to dump them at all. On the contrary, whales are going to buy tons and shitloads of BTC because it is cheap. If there are people who are dumping right now, it is those who have panic and most likely, newbies or investors who don't have experienced seeing this kind of crash.

Actively trading whales will likely dump when the price dumps because it makes sense too. Most assets don't normally do a small sell off and recover from it - a lot take 2 or 3 legs to do it.

Also if you sell your crypto, you're provided liquidity from the rest of the market and if you can put a buy order below where you sold and have it filled you end up with more crypto.

If you sold 100 btc at $25k and bought back at $21k (if there was enough liquidity) then you'll be able to buy 120btc or have $400k left to withdraw after buying back your btc. It is a risky strategy but they might not care anyway if they're just waiting for a reason to leave with their funds.

[LoyceMobile]

If you're selling, $13,000 is possible right now! Why wait until next week?
Seriously though, if you didn't sell at double the price, why would you sell now?

[STT]

Not this week, a proper sell has to refute the upside case first.   A rush to conclude prices is not often the way BTC proceeds, people like excitement so expect everything now but its a bit of a slower process then that.   The world only turns once every 24 hours and some people are asleep right now, situation development requires involvement of many parties to achieve any kind of consensus and movement.   
  I kinda wish we'd see that low event this week (can be 19k or any price not sure yet) and then put it behind us but I dont think it occurs immediately as we are only just newly arrived in the 200 week moving average area.


Today we've been tracking back and forth across the 12hr average.   The first tiny part of moving upwards is returning positive on the latter part of the day at least.

[Wilhelm]

A $13k rise is quite possible this week