Bullish VS Bearish

[Gayong88]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

[Wilhelm]

Bitcoin was built to retain its value
Fiat was built to be abused and inflate

Bitcoin isn't going to go down to the 1k levels. Most financial analysts have no clue on crypto. Usually they give a low figure because they don't want it to succeed...

[edgycorner]

Bitcoin was built to retain its value
Fiat was built to be abused and inflate

Bitcoin isn't going to go down to the 1k levels. Most financial analysts have no clue on crypto. Usually they give a low figure because they don't want it to succeed...

But isn't Crypto and bitcoin coupled with FIAT?
if you compare the chart of NASDAQ and Bitcoin, you will see a stark similarity. The analysts who are bearish on crypto right now, are also bearish on the macroeconomic market.

"FIAT was built to retain its value
Crypto has been rebuilt to be abused and inflate"   

[hatshepsut93]

I doubt that even the worst recession can drive Bitcoin to $1,000, in fact no external factor can do that. Only some major internal weakness, like a succesful and devastating attack on the protocol can do that. Also, Bitcoin isn't strongly coupled with global economy - it generally shows short-term correlation, but then continues to have its own price movements, which often offset the losses from mainstream market panic.

[Charles-Tim]

There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward.

No analyst will say bitcoin price will plummet to $1100, only bitcoin critics can say that, the critics will even say bitcoin will become worthless one day, but bitcoin has been getting more value in long term.

The lowest price bitcoin analysts have predicted lately that I know about is $14000.

[AmoreJaz]

I doubt that even the worst recession can drive Bitcoin to $1,000, in fact no external factor can do that. Only some major internal weakness, like a succesful and devastating attack on the protocol can do that. Also, Bitcoin isn't strongly coupled with global economy - it generally shows short-term correlation, but then continues to have its own price movements, which often offset the losses from mainstream market panic.

i am with you on this one. diving to $1100 level is quite hard to think. unless, there is devastating news that we are not ready of. though everything is possible to happen but we need to look at reality here. as the community is growing fast, i don't think we will see a very low price level of btc. if that happens, i will be thinking of the future of crypto market.

[Fundamentals Of]

There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward.

Are you sure there are really many views that analyze Bitcoin's value to be falling to $1,100? I personally haven't encountered even one view that has this analysis. Who are these so called financial analysts who foresee Bitcoin falling too far down at $1,100? My guess is that they are either Bitcoin critics who have always been perma-bears and who wished that Bitcoin turns to zero or they are traditional financial analysts who know nothing about Bitcoin.

[cryptomaniac_xxx]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

Lol, if you believed this so called experts and financial analyst, then I guess you will lost some money here in crypto market. And just like you and me, you can make you own and wild educate guess. There's no question that the world is in recession that's why all market has been affected.

But as far as bitcoin market goes, we are in a bearish market, meaning the price will really have to go down very hard. So we have the wait for the halving in 2024 to see how much bitcoin will recover. It could be in the 6 digits price range.

[Minecache]

Time will be the most accurate answer. I don't know what analysts rely on to predict that bitcoin can hit $1000, are they traditional analysts and do they know anything about bitcoin, crypto?.

We all know bitcoin price is unpredictable and we are trading at 20k$. The $1000 price point was the story of 10 years ago and it will never happen again.

[mk4]

How does BTC answer it as the King of the Crypto world???

Take a look at the 1-day chart and you can see for yourself how BTC "answer it as the King of the Crypto world". Bitcoin is still currently a risk asset(as the broader market perceives it), so probably expect it to perform like one.

[bittraffic]

$1100/BTC will really make this world go crazy. Where else are we going to put our money if BTC is also going to be affected this much. I doubt this will be the case. Financial analyst are often doomsayers, they always say the worse but sometimes it makes you prepare for the worse. They could be saying the truth or maybe not.

Something terrible will first to happen before it will plummet that bad. I won't even want to think or say it but for Christsake Putin. What did the world leaders eat that they can't decide better for the good of all.

[rodskee]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC.

While you mention this about being interesting ? yet to followed with this?

There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price

Who are those Analysts that has been Many?

and some say Bitcoin is very bullish going forward.

it is still Bullish nowadays at above 20k.

How does BTC answer it as the King of the Crypto world???

by proving in the following months or at least years  so best this is not something you can prove now but in semi long term.

[dimonstration]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

The price prediction is always depends on people speculation about the Bitcoin value in times of uncertainty in the market. There are always two sides on trading which is the bulls and bears but the price direction always dictates by the majority so even if all indicators and analysis are bearish but the majority of traders speculate that Bitcoin will pump, The majority speculation will govern and will ignore all the analysis.

[bitzizzix]

Bitcoin will never be 1k because 1k is not a demand, and there will always be a demand for bitcoin and its cult and someone out there will always be willing to buy it and no bitcoin analyst will ever hit that price and that's impossible.
I assume normally, when this question arises, the next price spike won't be long and when bitcoin continues to decline there will be bad news or judgments that bitcoin will crash or become worthless. And those who panic, are pessimistic and also don't want bitcoin to grow, and things like that are actually or usually signs of going up again, it's only a matter of time.

[cryptoaddictchie]

There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward.

Can you quote who said this? So we can tell a thousand reasons why this would next to impossible. Not being optimistic but the trading chart can support that its way impossible to happen.

Yes bitcoin is going downhill no,w, but its not gonna plummeted hard as many institutions are also investing within this range. If that would ever happened expect some crazy things to happen.

[Poker Player]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward. How does BTC answer it as the King of the Crypto world???

If you're going to make statements like that, you better put the source. I thought you made it up but I see there's a famous author who's going bonkers:

I'm Waiting for Bitcoin to Test $1,100: Robert Kiyosaki

He has already made some failed predictions, but lately I see him more and more apocalyptic, maybe he sees the hour of his death near and projects it to the world.

For my part, I think it is very difficult to be bullish now, as there is no reason to be. I think we are going to be pretty bored until the next cycle.

[KennyR]

Everyone are expecting a bullish momentum which the market lacks for now. There is short term pullback with bitcoin and ethereum. What we experience nowadays looks similar to the market movements that happened during the end of May and getting into the June month. So, the market is bullish and bearish for short term. However the sideways market move continues and within few days US will update the new inflation rate number. This will make some noise in the market.

[bitterguy28]

There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward.

Can you quote who said this? So we can tell a thousand reasons why this would next to impossible. Not being optimistic but the trading chart can support that its way impossible to happen.

Maybe he needs to prove that part if there are many people really says it all because this sounds like not real considering that Financial analysts says this to drop down to 1.1k?

Yes bitcoin is going downhill no,w, but its not gonna plummeted hard as many institutions are also investing within this range. If that would ever happened expect some crazy things to happen.

I also find this impossible to happen , drowning to 4 digits level again? while we are looking for a final 6-7 digits climb in sooner time.

[Jating]

The development of the world economy and the potential for a recession is indeed very interesting to follow, especially in the crypto market in this case BTC. There are many views from some financial analysts, analyzing the value of BTC will fall to US $ 1,100 price and some say Bitcoin is very bullish going forward.

If BTC will fall wit $1,100, what will happen to stocks then? doesn't make sense that it will only be crypto that is going to fall hard, every market will have to suffer. They are just pinpointing, for reasons only known to them, that BTC will go down to that kind of random numbers.

How does BTC answer it as the King of the Crypto world???

Nothing, BTC will go as normal, it's a bear market right now so price will dump. But so far we have reach the all time low of $17,500 and it seems it will be the bottom for this year. So have recovered already to $20k++ and this is the support for now.

[Gayong88]

I doubt that even the worst recession can drive Bitcoin to $1,000, in fact no external factor can do that. Only some major internal weakness, like a succesful and devastating attack on the protocol can do that. Also, Bitcoin isn't strongly coupled with global economy - it generally shows short-term correlation, but then continues to have its own price movements, which often offset the losses from mainstream market panic.

Yes. Even while we know Bitcoin to be a great protection against monetary inflation, I think at least for investors to be prepared for more sluggish prices as the global macroeconomic situation is not clear in the middle of rising inflation and the present energy crisis.