Today is the day

[darkangel11]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

You can't call Bitcoin as dead when whales are actually accumulating. This current Bitcoin fall down will definitely give rich people another opportunity to became even richer in the next couple of years. And those who are trying to get rich overnight will probably buy when Bitcoin is on the process of recovering.
If you've noticed after Bitcoin hit $18k, people are rushing to accumulate, thus causing Btc to bounce back to $21k.
Well, I'm still expecting Bitcoin to go even below $15k and I'm not calling dead either even if it falls below $10k.

21k is still a disaster in my view. Still below 200 WMA, still below mining profitability.
Sure, it did go above the old ATH but it also showed that this is neither a significant resistance nor support. The price goes above and below 20k almost daily and until it breaks 23k there's really nothing to  be cheerful about. From a bearish perspective it's in the process of making a lower high after it made a lower low.

If it falls below 10k you'll see the real panic. I'm not expecting anything like that but it would look very bad compared to the previous cycles. We'd break all averages and all significant growth curves that we were following for years. All growth on the charts that we were tracking for 12 years would be nullified.

On the other hand if we could defend 20k for another month or two this would be a great level to start the next rally.

[GeorgeJohn]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

bitcoin is not dead as many people expected or reasoned about cryptocurrency falling at this present situations of cryptocurrency. If you peruse into the history of cryptocurrency it's quite understood that cryptocurrency actually or normally fluctuates in value and if this, happen seriously or a take a drastic measures people who have not witness the collapsed of cryptocurrency in price regulations come in conclusion that this is the end point of cryptocurrency. So i don't believe that Bitcoin can be eliminated or wiped out to the generation because of price difference occurrence.

[aoluain]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

You can't call Bitcoin as dead when whales are actually accumulating. This current Bitcoin fall down will definitely give rich people another opportunity to became even richer in the next couple of years. And those who are trying to get rich overnight will probably buy when Bitcoin is on the process of recovering.
If you've noticed after Bitcoin hit $18k, people are rushing to accumulate, thus causing Btc to bounce back to $21k.
Well, I'm still expecting Bitcoin to go even below $15k and I'm not calling dead either even if it falls below $10k.

21k is still a disaster in my view. Still below 200 WMA, still below mining profitability.
Sure, it did go above the old ATH but it also showed that this is neither a significant resistance nor support. The price goes above and below 20k almost daily and until it breaks 23k there's really nothing to  be cheerful about. From a bearish perspective it's in the process of making a lower high after it made a lower low.

If it falls below 10k you'll see the real panic. I'm not expecting anything like that but it would look very bad compared to the previous cycles. We'd break all averages and all significant growth curves that we were following for years. All growth on the charts that we were tracking for 12 years would be nullified.

On the other hand if we could defend 20k for another month or two this would be a great level to start the next rally.

I just cant believe $10k is going to happen, I cant believe at $15k for example we all
dont sell as much stuff to buy, after the next halving we wont be seeing these values
again. At ~$10k I'm selling my car, buy 1 Bitcoin and buy a crappy car to tide me over
for a year.

Would there be more panic to sell or more panic to buy at such unbelievably low prices?

[Shasha80]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

You can't call Bitcoin as dead when whales are actually accumulating. This current Bitcoin fall down will definitely give rich people another opportunity to became even richer in the next couple of years. And those who are trying to get rich overnight will probably buy when Bitcoin is on the process of recovering.
If you've noticed after Bitcoin hit $18k, people are rushing to accumulate, thus causing Btc to bounce back to $21k.
Well, I'm still expecting Bitcoin to go even below $15k and I'm not calling dead either even if it falls below $10k.

21k is still a disaster in my view. Still below 200 WMA, still below mining profitability.
Sure, it did go above the old ATH but it also showed that this is neither a significant resistance nor support. The price goes above and below 20k almost daily and until it breaks 23k there's really nothing to  be cheerful about. From a bearish perspective it's in the process of making a lower high after it made a lower low.

If it falls below 10k you'll see the real panic. I'm not expecting anything like that but it would look very bad compared to the previous cycles. We'd break all averages and all significant growth curves that we were following for years. All growth on the charts that we were tracking for 12 years would be nullified.

On the other hand if we could defend 20k for another month or two this would be a great level to start the next rally.

I just cant believe $10k is going to happen, I cant believe at $15k for example we all
dont sell as much stuff to buy, after the next halving we wont be seeing these values
again. At ~$10k I'm selling my car, buy 1 Bitcoin and buy a crappy car to tide me over
for a year.

Would there be more panic to sell or more panic to buy at such unbelievably low prices?

When Bitcoin stabilized at $30k a few months ago, I was very optimistic that Bitcoin price would not drop below $20k. It turned out that my guess
was wrong, finally this month Bitcoin fell below the price of $ 20k, indeed Bitcoin is still quite stable at the price of $ 20k. But I believe there is
a possibility of Bitcoin price dropping to $10k price, if it turns out that the price of Bitcoin touches the price of $ 10k I believe more people are
panic selling than panic buying. And because I learned from several previous Bitcoin price drops, which Bitcoin can always recover. I'm like you
will sell my assets such as cars or motorbikes that I have to be able to buy Bitcoin if Bitcoin really drops to the price of $ 10k. I don't want
to regret not buying Bitcoin in bulk when the price is so low.

[Kelvinid]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

bitcoin is not dead as many people expected or reasoned about cryptocurrency falling at this present situations of cryptocurrency. If you peruse into the history of cryptocurrency it's quite understood that cryptocurrency actually or normally fluctuates in value and if this, happen seriously or a take a drastic measures people who have not witness the collapsed of cryptocurrency in price regulations come in conclusion that this is the end point of cryptocurrency. So i don't believe that Bitcoin can be eliminated or wiped out to the generation because of price difference occurrence.

I support you in this...
Bitcoin had already gained trust which make this thing become a valuable digital asset at this time (and in the future). Of course, those who never see its value and importance in real life can't see a better view of it and just throw negative talks. As this bear season comes, we have been tested again - our patience, trust, and the confidence of holding. Unfortunately, many people had quit and sold their Bitcoin thinking the end of crypto. Definitely, we could say they are wrong and that was because we have experience and believe that this is just a temporary.

[STT]

The biggest clue is continuing pressure or not.   Surprise events with unforeseen negatives would maybe create new lower prices otherwise the most likely general path for BTC is sideways back and forth and thats something its done many times.   People will speculate up and down at various times, for all this year maybe next but we'll just idle on anything larger then short term trades I think is most likely


Here is the weekly average, we challenge and move across this but to really be positive this level of momentum needs to regularly stay below price.   By that reference its possible to see how positive BTC price action is feeling at that time.   For now alot of time and trade has to repair the prior selling, I think its mostly time that people underestimate will need to pass by before BTC is doing ok again.  Its probably for the best that every part of the market has a chance to consider and be involved in BTC at this level, just recovering right back in 10k steps without enough time probably only helps money men more then the regular people who get any spare capital more gradually across a whole year of earnings, etc.

[uneng]

For me, and for many, too, it's "generational buying opportunity with bitcoin being the most oversold it's ever been" that's perfectly clear to me.
  This bad news and the bear market will never affect Bitcoin fans and holders because they have heard such talk “Bitcoin dies” many times before, and each time these failed pessimists were very disappointed as Bitcoin came back stronger than it was and made new highs, This time also will not be different from the previous times. It is only a matter of time when we will witness a new ATH and all those who missed this precious opportunity from their hand will regret it.

That is true, just look the number of wallets holding 1 btc or more growing these days. Smart investors continue accumulating most bitcoins as possible, although it doesn't have a big impact on the bigger picture of crypto market, because they aren't whales. But it's a fact investors are already preparing themselves for the next increasement in bitcoin price. Mainstream economists, news, businessmen and politicians spread fear among common investors because that is the tool at their disposal to discourage people adopting bitcoin and consequently making the maintenance of its price. For groups of influence and power it's interesting bitcoin dumps to the floor until it starts being pumped again, so they can maximize their earnings.

[lornadane]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

That's the crypto world, guys, if we are good at making decisions and good at taking opportunities then we will be victorious and that also applies to those who are patient and lucky.
And starting yesterday I saw the price of bitcoin is still at $ 20 thousand and to go down again to $ 17 thousand I think this will be an advantage again for those who want to buy back after this.

[kotajikikox]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

That's the crypto world, guys, if we are good at making decisions and good at taking opportunities then we will be victorious and that also applies to those who are patient and lucky.
And starting yesterday I saw the price of bitcoin is still at $ 20 thousand and to go down again to $ 17 thousand I think this will be an advantage again for those who want to buy back after this.

even how good you are in making decisions yet not good in timing then you'll earn nothing but failure here, remember that in crypto there are so much happening and there are so much pumping and dumping area, those are the chances of getting right timing.
if you can get one in the middle then you'll earn but if not? then it is either you will Hold long term or sell at losses.

[Iadegbola34]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

Bitcoin is never dead and far from it. Like CZ said "every bitcoin is dead headline is a buying opportunity". This is a vary rare opportunity to buy bitcoin given we may never be able to buy it this cheap EVER AGAIN!!!!

[dataispower]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

Bitcoin is never dead and far from it. Like CZ said "every bitcoin is dead headline is a buying opportunity". This is a vary rare opportunity to buy bitcoin given we may never be able to buy it this cheap EVER AGAIN!!!!

Bitcoin breakdown values introduce anonymous speculation, and some people just believe that the values will be wiped away from cryptocurrency market and conclude that bitcoin is dead. I want to ask them if any other currencies happened to be dead or when inflation come it later regain it strength. Bitcoin is currency of future generations and i believe that it will not crash ad we expected it because of the market condition

[Dave1]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

That's the crypto world, guys, if we are good at making decisions and good at taking opportunities then we will be victorious and that also applies to those who are patient and lucky.
And starting yesterday I saw the price of bitcoin is still at $ 20 thousand and to go down again to $ 17 thousand I think this will be an advantage again for those who want to buy back after this.

Sometimes though that is the biggest problem, it's hard to make good decision in life. So this could be a great opportunity or risk for others. And now we are above $21k now, yesterday it was a big scary to see some dip below $20k, for a brief moment, the price goes like $19,700 and I thought there will be another huge dip. But the good thing is that the price remain on top of $20k for now.

[Reatim]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

Bitcoin is never dead and far from it. Like CZ said "every bitcoin is dead headline is a buying opportunity". This is a vary rare opportunity to buy bitcoin given we may never be able to buy it this cheap EVER AGAIN!!!!

There is always a story behind those "Bitcoin is Dead"  or  " Bitcoin is Goin to Die" this is a propaganda or something similar from the whales or big holders so they can earn another bags of Money from the panicking weaklings .

If i were to decide? I will never let them manipulate me and my decision because I know where to sell and when to deny the changes .

[Kopetunto]

I hope that the price of Bitcoin is no longer dropped below $ 20k and of course $ 17600 is The Bottom, and we wish to congratulate those who buy at $ 17K, if they sell now, then you have more than 20%profit, this is what we like From Cryptocurrencies, profit opportunities are very large in a short time.

That's the crypto world, guys, if we are good at making decisions and good at taking opportunities then we will be victorious and that also applies to those who are patient and lucky.
And starting yesterday I saw the price of bitcoin is still at $ 20 thousand and to go down again to $ 17 thousand I think this will be an advantage again for those who want to buy back after this.

Sometimes though that is the biggest problem, it's hard to make good decision in life. So this could be a great opportunity or risk for others. And now we are above $21k now, yesterday it was a big scary to see some dip below $20k, for a brief moment, the price goes like $19,700 and I thought there will be another huge dip. But the good thing is that the price remain on top of $20k for now.

for now the price of Bitcoin is still above $ 20000, but we can't say Bitcoin is safe,
because some time in the future there will also be news about interest rates from the United States,
of course this will affect the price of Bitcoin again

[boltz]

$1000 btc would be a dream come true

90% of ATH which is 6900~7K.
Although this is unlikely, you must be prepared for all options.
What worries me is not to what extent we will go down, but the continuation of being below the $19,200 long support level (200 MA)
I remember a similar case when Covid-19 was first declared a pandemic in March 2020 and the price kept going below that level by more than 10% but the bounce back was fast.

That is exactly what I've been saying around me....that BTC could fall under 10k and maybe a flash drop towards 7800 and then a huge recover and a stable point. This was kinda the bitcoin roller-coaster even in the previous years , so if we fall again under 20k during this summer or by the end of it , we might see Bitcoin dropping for the rest of the year and maybe a portion of the next year.

This is only what I assume at this point but sure , there is always the other side of the story where we all could be wrong and BTC will burst towards 50k out of nowhere.  

[Pujangga]

It's been 3 days the market is green and I hope this is a sign that the market will soon bull run again, prices are still low and the time is right if we want to get big profits by buying immediately, don't regret and hope to buy again when the price is expensive.

[Silberman]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

Without a doubt bitcoin has not been performing well at all and those signs are not really positive, and it is not only the first time we see them but the first time that all of them happen simultaneously, however despite all of this I do not think we are nowhere near seeing bitcoin disappearing, it will recover but it is going to take a lot of time for this to happen and a lot of people will lose their money as they sell for a bad price due to the panic all of this has generated in them.

[dragonvslinux]

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

You can't call Bitcoin as dead when whales are actually accumulating. This current Bitcoin fall down will definitely give rich people another opportunity to became even richer in the next couple of years. And those who are trying to get rich overnight will probably buy when Bitcoin is on the process of recovering.
If you've noticed after Bitcoin hit $18k, people are rushing to accumulate, thus causing Btc to bounce back to $21k.
Well, I'm still expecting Bitcoin to go even below $15k and I'm not calling dead either even if it falls below $10k.

21k is still a disaster in my view. Still below 200 WMA, still below mining profitability.

Hopefully you'll be pleased to hear that price is now above the average mining cost of $19 682. Hurrah! Also bear in mind that Bitcoin traded below the 200WMA for multiple weeks in 2015, and it wasn't a disaster, it was instead in the end of the bear market. Just saying. It's only the 50 Month MA Bitcoin's price has never closed below, this is at the moment around current price level.

Sure, it did go above the old ATH but it also showed that this is neither a significant resistance nor support. The price goes above and below 20k almost daily and until it breaks 23k there's really nothing to  be cheerful about. From a bearish perspective it's in the process of making a lower high after it made a lower low.

For sure nothing is happening unless price breaks down above $23K & 200WMA, but at the same way, unless price breaks down below $20K again then nothing worse is going to happen either...

On the other hand if we could defend 20k for another month or two this would be a great level to start the next rally.

This is the irony here, there's all still to play for. $20K is currently acting as support (whether strong or not).

[buwaytress]

Hopefully you'll be pleased to hear that price is now above the average mining cost of $19 682. Hurrah! Also bear in mind that Bitcoin traded below the 200WMA for multiple weeks in 2015, and it wasn't a disaster, it was instead in the end of the bear market. Just saying. It's only the 50 Month MA Bitcoin's price has never closed below, this is at the moment around current price level.

Hurrah indeed! I know some will say its grasping at straws but that's probably also one of the indicators (for me anyway) of underlying strength, and it does give time for mining companies to reconfigure their balance sheet (which also means to me that selling off now to keep some cash reserves doesn't necessarily spell disaster, just prudent bookkeeping). They can't afford (literally) to go into pure holder mentality if we're expecting them to tread water the next year.

[Hamphser]

We have it folks. The first time in bitcoin's history when the price went below the ATH from the previous cycle.
We also are below the 200 week moving average, which happens like... never.
We have a fear and greed index of 6, which happened only once in history.

It's either a generational buying opportunity with bitcoin being the most oversold it's ever been, or it's the end of bitcoin and it's finally dead LOL

Without a doubt bitcoin has not been performing well at all and those signs are not really positive, and it is not only the first time we see them but the first time that all of them happen simultaneously, however despite all of this I do not think we are nowhere near seeing bitcoin disappearing, it will recover but it is going to take a lot of time for this to happen and a lot of people will lose their money as they sell for a bad price due to the panic all of this has generated in them.

As a human being then it cant really be avoided to have that panic no matter how experienced you are or veteran on this market specially when you do see that everything is dropping and everyone is really in panic
or do have that fear in every corners which you cant really avoid for you to have those anxiety and fear inside even if you dont show then you cant really just resist to have  this emotion.
We've seen the worst back in the past but not really as worst as this where every indicators been showing the worst of the worst or in first time in history which op had pointed out.
If you do have trust in Bitcoin then you would just simply ignore these things and push up yourself to believe that everything would be fine later on.