Bitcoin Price Can Fail and Will Touch Be US $ 13k Dollar?

[South Park]

Anything can happen in the crypto world, especially when the market is sluggish and the bitcoin price is still stuck in the $21k-$20k area so far. However, if the estimated price of bitcoin will drop to $13k then, we will see another big dump in altcoins also occur and it is likely that many people will start to leave the crypto as a result of the losses they experience.

We are barely above the 20k level and if the bears can bring the price down below that level again I would not be surprised if we saw yet another bunch of people panicking and leaving the market, and while that would not be the worst scenario for us as it would be yet another opportunity to buy bitcoin for an even better price than the one we are seeing right now, there are many people which will lose money they will never recover and will probably think of this market as a scam, when the only thing that is happening is that they are simply unable to hold their coins during these difficult circumstances.

[Semar Mesem]

Today we deserve to be vigilant, 4 hours ago the price of bitcoin was still $20k, but now the price is $19k and is the fastest 5% drop in June, of course we must be ready if the price of bitcoin continues to fall, not ready to sell but ready to buy.

[StreakW]

Even though the crypto market is still bearish at the moment due to inflation with aggressive rate hikes by the Fed, I don't see bitcoin price dropping to $13k. Indeed, the impact of inflation and rising interest rates has lowered the market. confidence, and drive the crypto market's negative performance so far.

[btc_angela]

Today we deserve to be vigilant, 4 hours ago the price of bitcoin was still $20k, but now the price is $19k and is the fastest 5% drop in June, of course we must be ready if the price of bitcoin continues to fall, not ready to sell but ready to buy.

This was a month ago post, but still good to look back that time as we have touch $19k. But now, its' gong to be a sideways patterns, getting strength around the $20k-$23k support, but we are trying to get to $24k in the last 3 days or so if I'm not mistaken but so far all attempts are failing.

Even though the crypto market is still bearish at the moment due to inflation with aggressive rate hikes by the Fed, I don't see bitcoin price dropping to $13k. Indeed, the impact of inflation and rising interest rates has lowered the market. confidence, and drive the crypto market's negative performance so far.

We can't really say for now if we are not going to drop to $13k, that is a huge and massive downward spiral again. But we shouldn't be confident though, as you said, we are in a bear market and anything can still happen in this cycle. There are a lot of world events that are affecting the rest of the financial world.

[CapGelatik]

so far Bitcoin is still at $19k strong support, and now Bitcoin is at $23k, and if analyzed, according to TA, Bitcoin will still go up at $25k,
 and after that it could go up, it could also go down again, don't focus on $13 k, because the whales have a plan

[GeorgeJohn]

My opinion is that this is not important, even if more than this prediction happened and the bitcoin fell below $13,000, it does not matter at all because it would be a good opportunity to buy more bitcoin. The long-term investor does not care about the decline of bitcoin, on the contrary, he will be happy with it because he will be able to buy more and increase his balance of the most expensive currency at the time when the weak hands give up their bitcoin, so this does not matter you have to buy more and just wait because the bitcoin will return again to its previous peaks and by then it will be too late and this precious opportunity has been missed.

I always emphasize that we should not rely or depends on cryptocurrency because i believe that bitcoin price is not stagnant, and if anyone or anybody should predict the future of Bitcoin it should be directly from the benefit of his trade because i believe that Bitcoin price will under state of up and down. In which nobody will understand it's regulations.

[KingsDen]

My opinion is that this is not important, even if more than this prediction happened and the bitcoin fell below $13,000, it does not matter at all because it would be a good opportunity to buy more bitcoin. The long-term investor does not care about the decline of bitcoin, on the contrary, he will be happy with it because he will be able to buy more and increase his balance of the most expensive currency at the time when the weak hands give up their bitcoin, so this does not matter you have to buy more and just wait because the bitcoin will return again to its previous peaks and by then it will be too late and this precious opportunity has been missed.

I am happy to see this post and your opinion. I missed the early boat of bitcoin and even last year I knew bitcoin I tried making investments at the bull run but the market dumped on me and I sold on loses. This time around that I have known bitcoin too well, trusted it and have started buying according to my strength weekly, my prayer is always for bitcoin to remain below $30k till this year ends. Infact if bitcoin goes to $13k and below I will be very happy provided that it stays there for a long time for me to accumulate. Actually, this prayer is not favourable to the bitcoin community, but what I am showing is that anyone investing in bitcoin with long-term ambition doesn't care about parent day price.

[wxa7115]

so far Bitcoin is still at $19k strong support, and now Bitcoin is at $23k, and if analyzed, according to TA, Bitcoin will still go up at $25k,
 and after that it could go up, it could also go down again, don't focus on $13 k, because the whales have a plan

The price is holding up nicely especially if we consider the crash we saw several weeks ago, however with the market ranging and the increase in the political turmoil we are seeing all over the world we cannot really discard the price could go down massively again.

Now 13k seems to be close to the absolute bottom that we could see, so I do not expect to see such price so soon and at most we could see it once we reach the capitulation stage.

[romero121]

The price that dropped down to $17k during the ongoing market trend reaching $13k isn't a big surprise. Same as that the price recovering after dropping low to $17k too needs to be considered. It has got the potential to come out strong as well as drop down in no time. This makes the prediction to be a tough task.

When you're getting into the market of is good to invest, taking into consideration the worst chance of down market. This will help users to stay strong and profit in all market trend out of the volatility.

[Mpamaegbu]

I once saw price heading to that level but that TA has now been dislodged (it would seem) at the moment by recent news. To say the truth now, I remain skeptical on where Bitcoin price could be heading. I can only pick from a short term speculation but not on a long term until we get to October. Most of the things around Bitcoin movement should be taken from "history repeating itself" basis in alignment with TA, if one wants to remain on course. Based on that, we should be looking at October – November as favourable months for Bitcoin bull. Anything before then (from my perspective) doesn't confer certainty on price surge for Bitcoin. Maybe diving to $13k at the moment from where price is and all the fundamentals going on could be a tall order now.

[STT]

I have to come back to this thread and see that we did actually exceed 105 on DXY and Dollar got stronger then this.   Now the high stated is the low we must lose to have hope of better BTC price action.  BTC doesnt directly mirror Dollar strength in a ratio 1:1 inversely but its a fairly good indication.  Both YEN and EURO remain weak with situations still possibly getting worse.
   All of this is face value, all 3 of those major currencies have large amounts of inflation and are weak vs real value but BTC is traded speculatively so it matters I guess.   We are in a battle.

[TravelMug]

I once saw price heading to that level but that TA has now been dislodged (it would seem) at the moment by recent news. To say the truth now, I remain skeptical on where Bitcoin price could be heading. I can only pick from a short term speculation but not on a long term until we get to October. Most of the things around Bitcoin movement should be taken from "history repeating itself" basis in alignment with TA, if one wants to remain on course. Based on that, we should be looking at October – November as favourable months for Bitcoin bull. Anything before then (from my perspective) doesn't confer certainty on price surge for Bitcoin. Maybe diving to $13k at the moment from where price is and all the fundamentals going on could be a tall order now.

That month has always favored us, specially leading to December. Speculations are investors receiving chunk of their bonuses are putting it to bitcoin market, thus there is a relief somewhat. And since we are in a bear market, short term + world economic will be the biggest indicator as where we are going. And so far it doesn't really look good and maybe we will nose dive to $13k if everything fiat is depreciating and the war is still with us.

[jaberwock]

I once saw price heading to that level but that TA has now been dislodged (it would seem) at the moment by recent news. To say the truth now, I remain skeptical on where Bitcoin price could be heading. I can only pick from a short term speculation but not on a long term until we get to October. Most of the things around Bitcoin movement should be taken from "history repeating itself" basis in alignment with TA, if one wants to remain on course. Based on that, we should be looking at October – November as favourable months for Bitcoin bull. Anything before then (from my perspective) doesn't confer certainty on price surge for Bitcoin. Maybe diving to $13k at the moment from where price is and all the fundamentals going on could be a tall order now.

You aren't alone with that but the whole world watches every movement of btc is making so we too witness it but the price didn't completely fell to 13k. The lowest that it get last time was only 15k something. It's not that the TA has been dislodge by a news but it was the movement of the price.

The truth is we don't really have an idea if where will the price exactly lead to but you aren't also lying when you state any numbers because here is cryptos, people are free to speculate. Looking back on the past is one of the techniques used in predicting if what will be the future movements of btc but indeed that it doesn't confer certainty.

[Mpamaegbu]

~snipped~

It's not that the TA has been dislodge by a news but it was the movement of the price.

You're right but what I meant by that was the change in price movement away from what TA speculated it would do. If it doesn't do it within an expected timeframe, I tend to see it as dislodged. TA needs fundamentals to drive price to its expected direction. It could be gradual or speedily. The analogy that best explains this is what happens when kids are sent on errands. Most of them don't head straight to the errand, they deviate on the way but will eventually get to it. For those who don't head straight to the point of errand, it's patience that can make it effective sending them on errand next time. That's what happens when price doesn't head straight to target in trading. It requires patience.

[Lubang Bawah]

Bad things can happen, I hear bitcoin because many laugh when the price of dropping from $ 1000 to under $ 120 in 2014, but the fact is bitcoin can rise, in my opinion the condition used to be more difficult than now, and now there are many developers and users so that the needs of bitcoin will be Continue to increase, if later drop $ 13k then I will buy more.

[StreakW]

Even though the crypto market is still bearish at the moment due to inflation with aggressive rate hikes by the Fed, I don't see bitcoin price dropping to $13k. Indeed, the impact of inflation and rising interest rates has lowered the market. confidence, and drive the crypto market's negative performance so far.

We can't really say for now if we are not going to drop to $13k, that is a huge and massive downward spiral again. But we shouldn't be confident though, as you said, we are in a bear market and anything can still happen in this cycle. There are a lot of world events that are affecting the rest of the financial world.

Indeed, in the current crypto market situation anything can still happen. However I see it seems the price of bitcoin down to $13k seems difficult to happen. Moreover, in the last few weeks the price of bitcoin has started to be in the green zone where the price of bitcoin is trading again in the $24k-$23k price range.

[ethereumhunter]

Bad things can happen, I hear bitcoin because many laugh when the price of dropping from $ 1000 to under $ 120 in 2014, but the fact is bitcoin can rise, in my opinion the condition used to be more difficult than now, and now there are many developers and users so that the needs of bitcoin will be Continue to increase, if later drop $ 13k then I will buy more.

What is clear, we all miss that moment, right? But indeed, no one can guess where the movement of bitcoin is going right. Maybe we can guess that the price will increase after this, but we do not know how long the increase will occur and how long the rising moment will last. I'm sure not only you that will use the moment when bitcoin drops to $13k to buy more, but people who already know and believe in the potential of bitcoin will use that moment to increase their bitcoin count, myself included

[m2017]

so far Bitcoin is still at $19k strong support, and now Bitcoin is at $23k, and if analyzed, according to TA, Bitcoin will still go up at $25k,
 and after that it could go up, it could also go down again, don't focus on $13 k, because the whales have a plan

I'd likee to hear what you have to say about level "$19k strong support" when mt Gox starts returning bitcoin to users very soon. https://bitcointalk.org/index.php?topic=5409673.0 - here is a discussion of upcoming events. If users start selling btc, then the $19k level may not be able to resist the selloff or even reach the $13k level. And if other factors affect the bitcoin holders, such as the beginning of the persecution of mixers - https://bitcointalk.org/index.php?topic=5409680.0, then the impact on the cryptomarket can't be predicted.

[bitzizzix]

Bad things can happen, I hear bitcoin because many laugh when the price of dropping from $ 1000 to under $ 120 in 2014, but the fact is bitcoin can rise, in my opinion the condition used to be more difficult than now, and now there are many developers and users so that the needs of bitcoin will be Continue to increase, if later drop $ 13k then I will buy more.

What is clear, we all miss that moment, right? But indeed, no one can guess where the movement of bitcoin is going right. Maybe we can guess that the price will increase after this, but we do not know how long the increase will occur and how long the rising moment will last. I'm sure not only you that will use the moment when bitcoin drops to $13k to buy more, but people who already know and believe in the potential of bitcoin will use that moment to increase their bitcoin count, myself included

The ups and downs of the bitcoin price are caused by several factors which in my opinion bitcoin movements are not easy to predict, and many people predict the bitcoin price will go up and vice versa but sometimes it can turn things around suddenly.
I believe a lot of investors expect the bitcoin price to drop as you say to reach 13K to be able to collect more bitcoins, but in reality the bitcoin price did not reach that price and is currently holding at 23K and 24K and will even approach 25K.
doing DCA is still the best option until you feel comfortable enough and hold it in for the long term.

[Republikcoin.com]

Indeed, in the current crypto market situation anything can still happen. However I see it seems the price of bitcoin down to $13k seems difficult to happen. Moreover, in the last few weeks the price of bitcoin has started to be in the green zone where the price of bitcoin is trading again in the $24k-$23k price range.

Now it's even very close to $25K, but I see Bitcoin looking a little difficult to get past $25K last month as well as earlier this month.
I am still very confident and hopeful in Bitcoin where the price can pass $25K, do you think Bitcoin can pass that price this month or next month?
Because I would be very happy if it could happen and will try to keep it up until the end of this year.