Your bitcoin ATL prediction before next halving

[ajaxtempest]

Bitcoin was meant to break away from the stock market and fake debt based fractional economy. Sadly all the traders and short term gainers have joined the ride. If stocks crash then bitcoin also crashes.

2022 is a 7 year crash cycle known as shemitah year for those who dont know
1966 stock market downer 22%
1973 middle east oil embargo
1980 hard recession, home builders wiped out by 1982.
1987 black Monday stock market crash
1994 bond market massacre
2001, the 911 and dot com bubble crash
2008, the housing  crash
2015, stock market chaos, 7 trillion lost globally. China market crash 40%
2022---

So place your bets on how low it will go!

[1715278708]

1715278708

[1715278708]

1715278708

[1715278708]

1715278708

[pooya87]

So place your bets on how low it will go!

Unlike your title, you chose a good term here because it is impossible to predict an irrational market. We saw this during pandemic too when people were panic selling like maniacs and it suddenly stopped despite the stock market continued crash and bitcoin reversed and reached a new ATH.
That's just too irrational to predict in my opinion.

[darkangel11]

It's pointless to try to predict an unpredictable market.

3k in 2020 was unpredictable
China banning bitcoin was unpredictable and so was MtGox bankruptcy.
In traditional markets the 911 was impossible to predict and so was COVID.

I thought it wouldn't go below 20k because the previous cycle high was where it always was able to find support. I bought at 20k and are going to hold it for as long as I can, at least until we go to 100k again. I feel like there are some lower limits like the lows of 2020 that it won't reach because 3k bitcoin is one of the strongest supports in bitcoin's history. If you asked me a year ago what the cycle low would be I'd say 25k because it's right above the 200 WMA and above the 2017 high. Now it's all panic driving it lower and fundamentals don't matter.

[btc_angela]

I voted for below 15000.

For sure $19k support didn't hold now and most probably at the end of the month maybe we are in the $15k-$17k boundary.

And then some bounce back July before another crash. I see that at the end of the year we might be around $15k and below. I'm no expert, so chances are my predictions will be wrong.  . But it's better to accept that fact that maybe we haven't reached our ATL and that we should be prepared.

[Amph]

116000 will be the new ath, doubt it will go under 10k

[Jawhead999]

@OP actually this pool is useless since below $18K then the rest option ($15K and below $100) is also included on below 18K too. So if Bitcoin price hit any price below $18K, my option is correct since I vote below $18K lol.

There's no relation between stock and Bitcoin, since stock price is depends the company performance either bad or good while Bitcoin itself already the best decentralized coin and have a use case with some update to solve a problem (e.g. scalability) the price depends on demand and supply, which no one control about it. Unlike stock who have limit down for each day.

[hZti]

Pretty shure it will have some kind of flash crash event where a lot of weak hands will go completely nuts and the whales will buy up large amounts. Then the selling pressure is gone since the greedy people are gone also. Because the greedy people then don't own bitcoin they will buy back in in the uptrend for a much higher price and we go to the next ATH. After that we repeat it in a few years 

[ajaxtempest]

@OP actually this pool is useless since below $18K then the rest option ($15K and below $100) is also included on below 18K too. So if Bitcoin price hit any price below $18K, my option is correct since I vote below $18K lol.

There's no relation between stock and Bitcoin, since stock price is depends the company performance either bad or good while Bitcoin itself already the best decentralized coin and have a use case with some update to solve a problem (e.g. scalability) the price depends on demand and supply, which no one control about it. Unlike stock who have limit down for each day.

You are right so i changed from below to till.

[coolcoinz]

There's so much going on that people are getting confused. I feel like the FED is trying to slow it down but it won't help. They are pumping the dollar but there's no getting out of this spiral, eventually they will have to let inflation do its thing because they printed so much money that it's going to be impossible to stop. It's like they set the house on fire and are now pouring water over it with a bucket, but it's not going to stop just like that and even when you manage to stop it the house will be unfit to live in for a while.

Fractional reserve banking, quantitative easing, covid lockdowns, everything added to this situation and crashing stocks will not make it better.

My ATL at this point is 14k, but I'm not going to wait for it or bet on it. I sell only in high prices and hold through bear markets. I didn't sell anything at 40 or 30k and I'm not selling at 20. If I'm to hold for another 3 years, so be it.

[Lucius]

I am of the opinion that nothing can surprise us at this time when literally anything is possible. We knew that crypto winter could happen, but unlike 2018 we now have circumstances that are much more severe than anything that has happened since Bitcoin existed. I think this will be the biggest test Bitcoin has had so far, and that at this point it is completely pointless to speculate on where the price will stop because @pooya87 said well that the market is completely irrational.

Bitcoin was meant to break away from the stock market and fake debt base fractional economy. Sadly all the traders and short term gainers have joined the ride. If stocks crash then bitcoin also crashes.

How Bitcoin is conceived and how people use it are two different things. The philosophy of people who only want profit prevails and they sell at the first sign of panic, and few seem to buy because they expect an even lower price. Those who have already experienced this well know that such things are obviously inevitable, but also that after each crisis Bitcoin becomes even stronger.

[virtualdn]

$1. It doesn't matter. This is what people don't understand. It doesn't matter. 1 BTC = 1 BTC. You are already rich for owning BTC.

[hZti]

$1. It doesn't matter. This is what people don't understand. It doesn't matter. 1 BTC = 1 BTC. You are already rich for owning BTC.

It does matter since then we can load up on more BTC. I think very low prices would actually benefit this forum and people that care about BTC a lot, since many people that only want to earn money would sell their BTC and give people that just want to own BTC because they like it a chance to get a more serious amount and not only a few sats.

[ethereumhunter]

Honestly, I don't have a bottom price estimate for bitcoin because it's so damn hard. The price could go down if there is a massive sell-off from panicking people and actually, this has been going on since the price dropped from $40k down. As of right now, the price is around $18k-$19k and maybe it will stay that way for a while or it could drop again. This situation is very difficult to predict because we do not know how much panic people will sell their bitcoins if the price drops again. Better be careful for now and don't rush to sell your bitcoins.

[blockman]

$15k is what's on my mind to be the lowest and just setting it just to make myself prepare if it will go under $18k as we've seen a portion of it.
I also doubt that it will go under $10k and it's gotten too much already but we can't predict this market. Just giving those prices just for the sake of argument but whatever happens, only the panic sellers are the losers on this bear. And those who have come prepared and DCAing are the ones that will have the final say and grandest moment after this.

[Marvell1]

It's pointless to try to predict an unpredictable market.

3k in 2020 was unpredictable
China banning bitcoin was unpredictable and so was MtGox bankruptcy.
In traditional markets the 911 was impossible to predict and so was COVID.

I thought it wouldn't go below 20k because the previous cycle high was where it always was able to find support. I bought at 20k and are going to hold it for as long as I can, at least until we go to 100k again. I feel like there are some lower limits like the lows of 2020 that it won't reach because 3k bitcoin is one of the strongest supports in bitcoin's history. If you asked me a year ago what the cycle low would be I'd say 25k because it's right above the 200 WMA and above the 2017 high. Now it's all panic driving it lower and fundamentals don't matter.

Truly unpredictable, bitcoin has been trading around $ 22k for the past 24 hours and now bitcoin has dropped to the $ 20,000 support level, which many people don't believe will happen, but it did. This will be an opportunity for those who are looking to own a lot of bitcoin at a discount and there will be panic for inexperienced investors who will sell off their bitcoin and leave the market.

[tranthidung]

$15k is what's on my mind to be the lowest and just setting it just to make myself prepare if it will go under $18k as we've seen a portion of it.
I also doubt that it will go under $10k and it's gotten too much already but we can't predict this market. Just giving those prices just for the sake of argument but whatever happens, only the panic sellers are the losers on this bear. And those who have come prepared and DCAing are the ones that will have the final say and grandest moment after this.

Technically, it can drop to $13,000 to $15,000 but don't forget the power of liquidations and consequent Cascade effects. These things might be significantly bigger in this downtrend as result of institutional effects from 2020 to 2022.

The market was warmed up with halving countdown and institutions join a lot within last 2 to 3 years. Not all of their investment positions are from their own money. They made loan (not repay completely yet) but it is not worst thing. The worst thing is they invested into shitcoins as well. Consequently their portfolios and collateral for their loan vanish quickly last 2 months.

If this type of fiasco continues, we might see a very deep and powerful liquidation to even lower than $13,000. I don't worry too much about this very last deadly liquidations because after all, short squeeze will happen, and price will have V-shaped recovery.

[hatshepsut93]

"ATL" will never be the right word to use when talking about Bitcoin, it started from zero and it can't go negative, unlike certain commodities, so forget about this word. Bitcoin can only have bottoms of a bear market.

Anyway, $10k is the next huge stop, arguably the most important test in Bitcoin's existence so far. Because $20k was the peak of previous cycle, and this is the first time of breaking below one, while $10k is the start of the most recent bull run - going below that would be an enormous blow to Bitcoin's image, it would show that Bitcoin is no longer guaranteed to be long-term bullish all the time.

[blockman]

$15k is what's on my mind to be the lowest and just setting it just to make myself prepare if it will go under $18k as we've seen a portion of it.
I also doubt that it will go under $10k and it's gotten too much already but we can't predict this market. Just giving those prices just for the sake of argument but whatever happens, only the panic sellers are the losers on this bear. And those who have come prepared and DCAing are the ones that will have the final say and grandest moment after this.

Technically, it can drop to $13,000 to $15,000 but don't forget the power of liquidations and consequent Cascade effects. These things might be significantly bigger in this downtrend as result of institutional effects from 2020 to 2022.

The market was warmed up with halving countdown and institutions join a lot within last 2 to 3 years. Not all of their investment positions are from their own money. They made loan (not repay completely yet) but it is not worst thing. The worst thing is they invested into shitcoins as well. Consequently their portfolios and collateral for their loan vanish quickly last 2 months.

If this type of fiasco continues, we might see a very deep and powerful liquidation to even lower than $13,000. I don't worry too much about this very last deadly liquidations because after all, short squeeze will happen, and price will have V-shaped recovery.

And to look at it, this deep has to come so that bitcoin could reach the ceiling again. Well, $13k-$15k can really be the floor prices and just a matter of time that it can be reached.
When it does, make sure to fill in your bags and take those cheap bitcoins. Do not forget that we all have targets and this time, it's for the buying sequence as the halving is about to come 2 years from now and it won't be that long.

[nurilham]

Today, BTC price already dropped below $18k, so the first option is surely wrong. Not sure how far BTC price to fall, but I still believe that BTC price won't drop below $10k. I assume BTC ATL should be around $10k - $14k, considering the option above I will choose $12k. But I am sure it is very possible that the ATL can be lower than $12k, probably around $11k. I don't use any special way of calculating this, so it is purely speculation. I only determine it based on the possibility considering how long the bearish probably last and how far the current price dropped already.

[romero121]

When the price was around $20k, there were predictions that it'll be hard for bitcoin to maintain the resistance and not let the price down. If that happens the price will go far lower, the price tried to maintain it, and today it have gone down to $18000. I've voted for a drop down to $10k, and I'm not sure of it. Based on the statement a drop down to $20k will make the price reach far lower I've predicted it.