Your bitcoin ATL prediction before next halving

[BlackBaron]

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.

Years that have passed before the Bitcoin halving had occupied the $6000 position, it was quite a long time to stay in that position, from the experience I saw from the history before the halving, I predict this time Bitcoin could touch $8000 or $10k, in terms of difenising predictions can be accurate and can be wrong, but that's my belief before 2024.

[dezoel]

I still have zero clue about the current situation because we are at the beginning of a recession so it could be a lot worse as well. I still think that it will be 100k+ eventually, but that doesn't change the fact that for the next year or so, it could end up lower and lower due to recession.

It means that we can stay above 18k forever, or we can go under 10k and I would not know, nobody would know really because if they did then they would short it with all of their money and make that kind of profit. This means that time is the only thing that will show us what's going to happen but it's going to be a harsh period for sure and we will have to survive this period in order to profit later on.

[Ziskinberg]

Maybe we shouldn't think about how low that Bitcoin can reach this time as it only derailed the situation to further create panic, we'd rather remain optimistic despite the dump it showed. We instead encourage people to remain calm and felt strong with their investment. And besides, we never know how long this situation will stay.

Anyways, $18k, $15k - I don't want people to make-believe about this. It is simple, we can't draw a conclusion for now as the market keep moving up and down. We'd rather take this chance to buy more rather than thinking of more declines.

[eaLiTy]

~
I still have zero clue about the current situation because we are at the beginning of a recession so it could be a lot worse as well. I still think that it will be 100k+ eventually, but that doesn't change the fact that for the next year or so, it could end up lower and lower due to recession.

The global financial situation is an issue and now we are in a period where everything that is happening in the general economic sector is affecting the cryptocurrency space and it is largely due to institutional investors who invested billions into the space and they will book their profit and look for safe heavens especially in gold if there is an economic recession looming.

[buwaytress]

Hard to see us breaking past the 2020 low -- that itself was a Black Swan event and we were just seeing $8000 a week before that time, so we'd need to get both those again: trading below $10k AND another massive unexpected shock event. We couldn't possibly be so unlucky, could we?

That said, we're going to see a lot more inflation-fighting measures from fiat nations, and the pricing in of further Fed rate hikes means we're getting more low blows for a bit.

$11k is my vote.

[Reid]

15k is my bet and I don't want to see it go lower than that.
I didn't see this all but the economic change might have a lot to do about it. Most investors are now in panic and they are losing money with everyday necessities. Food and gas is now the most expensive of all while commodities, stocks, cryptocurrencies are all being sold to remain at the state of where they are used at.
They say this is the good time to invest but there is a high amount of doubt circling all over social media. They are scared, in panic, unsure about where this will go.

[aoluain]

Hard to see us breaking past the 2020 low -- that itself was a Black Swan event and we were just seeing $8000 a week before that time, so we'd need to get both those again: trading below $10k AND another massive unexpected shock event. We couldn't possibly be so unlucky, could we?

That said, we're going to see a lot more inflation-fighting measures from fiat nations, and the pricing in of further Fed rate hikes means we're getting more low blows for a bit.

$11k is my vote.

$12,000 was mine but yea I find it hard to fathom that we are now talking 12k, 11k, 10k
and possibly lower.

Lucius on page one made the point ^{and its something I pointed out last week} we are in times
 now which have not happened in Bitcoins history so the poll is just a guessing game.

We are definitely entering very interesting times.

[xSkylarx]

I'm prepared either way but would love to go lower until $12-15k so I can afford to buy 1 ETH. Most technical analysis I see says we could reach those price because of some global factors like tax regulations and continuous increase of commodities forcing some holders to liquidate their bitcoin. Altcoins would be more cheaper if that happens and that is what I am looking forward because I will be able to buy huge amount of them.

[Lucius]

Hard to see us breaking past the 2020 low -- that itself was a Black Swan event and we were just seeing $8000 a week before that time, so we'd need to get both those again: trading below $10k AND another massive unexpected shock event. We couldn't possibly be so unlucky, could we?

Bitcoin is always preparing surprises, but I must admit that some members in the Speculation board have been writing for some time about what is happening now, but few of us believed that it was possible. As for further developments, I would say that all the cards are on the table, but that there is much more pessimism than optimism about inflation, recession and war in Eastern Europe. Rising interest rates and increasingly expensive fuel are pushing prices up, and the EU will have big problems with the arrival of colder weather in a few months as it remains dependent on Russian gas and oil.


As for my vote, I have to admit that I can't decide on any option because I don't want to believe that we can go as low as $10k, but on the other hand, despite a slight recovery yesterday and today, I can't say I believe that we have reached the bottom.

[buwaytress]

That said, we're going to see a lot more inflation-fighting measures from fiat nations, and the pricing in of further Fed rate hikes means we're getting more low blows for a bit.

$11k is my vote.

$12,000 was mine but yea I find it hard to fathom that we are now talking 12k, 11k, 10k
and possibly lower.

Lucius on page one made the point ^{and its something I pointed out last week} we are in times
 now which have not happened in Bitcoins history so the poll is just a guessing game.

We are definitely entering very interesting times.

Yeah, the only thing left standing for history to make was for the previous cycle's high to never be broken as support. Past cycles didn't even really come close to past ATHs but this one decidedly went in only the second or third test.

Very interesting times indeed -- even more so with those actually building on/with or securing the network -- especially staring down a long dark barrel of unknowns.

[tn211]

I wouldn't be suprised to see btc touching 12k.

My buy in is around 14k because let's face it, it's nearly impossible to predict the prices when some many entities are manipulating the price.

[savetheFORUM]

Maybe we shouldn't think about how low that Bitcoin can reach this time as it only derailed the situation to further create panic, we'd rather remain optimistic despite the dump it showed. We instead encourage people to remain calm and felt strong with their investment. And besides, we never know how long this situation will stay.

Anyways, $18k, $15k - I don't want people to make-believe about this. It is simple, we can't draw a conclusion for now as the market keep moving up and down. We'd rather take this chance to buy more rather than thinking of more declines.

Some people just assumed that situation like this can run longer, that is why they can make prediction if how low the btc price can go but those who are scared and panicking, that was already their fault and why they join here in the first place if they are unprepared for the worst things that can happen on this market? If they don't want to get more hurt, then they can just close their eyes and ears or better if they can stay offline for some time or until they feel that the market have returned to normal and the majority are now speculating positively.

Anyway my vote on the poll would be the same as you, it's 18k to 15k. Halving is still far so maybe the price can go up and goes down again back at these levels.

[Vaskiy]

For now it looks like we've touched the low bottom. Further it seems to stay above $20k and grow in a slow and steady manner than moving steep on the graph. The market is completely unpredictable and this makes the predictions go wrong. Once the big whales on the market were able to manipulate. Nowadays that has decreased alot as market have matured and started to coexist with the traditional market.

If a polling is done to know how many of the users thought that the price will drop to the current level by this month will let you know whether the price will drop down or not.

[STT]

2024 isnt exactly that far away, could be as early as FEB month apparently.   I would say generally the 2019 lows are harsh enough to justify a low and genuinely alter the balance between selling and buying strength, at a low enough price its recognized as 'on sale' combined with reluctant sellers or exhaustion of speculative weaker holdings, this is how a low can occur.
   It can be that the price is being put into effect right now, we are seeing action around the 200 week pricing which many make note for longer term holdings.   Suffice to say if you only just decided to sell you are more then a little late to that party.
   We are above both 19k and 20k levels with momentum having price above the 2 day average.  We can have some short term reset when meeting the weekly average, its just above these current highs.  This doesnt mean the price tumbles but sideways slower action may occur.    By these measures we can better decide if a low price has been put in or not.  Weekly bars count mostly.

[arwin100]

For now it looks like we've touched the low bottom. Further it seems to stay above $20k and grow in a slow and steady manner than moving steep on the graph. The market is completely unpredictable and this makes the predictions go wrong. Once the big whales on the market were able to manipulate. Nowadays that has decreased alot as market have matured and started to coexist with the traditional market.

If a polling is done to know how many of the users thought that the price will drop to the current level by this month will let you know whether the price will drop down or not.

This current price will be the best position to stay by bitcoin because this could change the sentiments of the market. And I also think that past days dumps are crazy moment for crypto so hopefully it will not happen again since if bitcoin would drop again to $17k -$18k we might see some bad drops and negativity spread more towards the market.

[GreatArkansas]

At first, I am expecting Bitcoin will really perform well during these times especially since the inflation in most of the country is starting to increase.

So for the All-time-low before the Bitcoin block halving, -50% from now. $10,000. I am not expecting it anymore it will fall below that area.
If we are really in the cycle of Bitcoin block halving, we will start to see the recovery of price months before the block halving event of Bitcoin which is I already excited.

[LogitechMouse]

You maybe can change your title. Remove the word "ATL" since the All-time low of Bitcoin is zero. Change it into "Your prediction of possible Bitcoin bottom before next halving" because that's better.

I voted for $10,000. My lowest support is the $12,000 because I believe that if Bitcoin will enter the bear market, there is a high change that it will repeat what happened in the past and in the 2017-2018 drop, it went down as low as ~80% and if you will compute right now when it reached the peak of almost $70,000, you will come up at near $12,000. On the other hand, Bitcoin never fails to surprise me TBH especially with it's price movements so maybe we might see it again at the $10,000 though the chances of it to happen is low to impossible.

[Poker Player]

I see two possible scenarios here:

1) We have already hit bottom for this cycle recently and we're not going down anymore. That would be logical, since less than $20k per coin seems like a bargain and hence the recent rebound. When the price goes down a lot, there are a lot of people who buy because they see it as very cheap.

2) We have some other event that takes the price suddenly down, with liquidated leverage positions, and we approach the Celsius liquidation price. In this case we could get close to $10k but I don't think the price will last long at those levels because of the above mentioned, and $10K would be an extremely strong support.

[peter0425]

So place your bets on how low it will go!

Like what the votes of most here , we are looking for at least 12,000 lowest price but if there is something like the Covid19 pandemic brings? then there will be more lowering to come in our years.
Crypto market is still struggling now , 2024 will be long to come and we may experience more but what we can be so sure ? is that the Bitcoin hyping will come in next from the dip, when time comes? then we are waiting for another more Hyping and the 6 digits? then it will .

[Semar Mesem]

Bitcoin prices are currently dropping and the halving seems to have gone unnoticed, maybe there are few bitcoin mining so what is happening with bitcoin right now is due to external factors such as inflation, reduced stock for miners of course will have a big impact on transaction fees which will be high and this is what makes it difficult for us to develop bitcoin.