Bullish VS Bearish

[Reid]

BTC cannot answer that. It has no mouth to do so.  Just kidding but half true.
Anyway, those are predictions and it could happen. There's not much basis but it can still happen. Bitcoin's volatility can always shock the investors with the price movements and it's not even written in their technical analysis.
$1k though is such an absurd number, imo. We have reached 3k last bear so I don't think it will go back lower than that. Let's just say that is our bottom but further down may happen because another economic breakdown is suppose to happen.
War will end, soon they will find nonsense about what they are doing but only egos left. Ego is nothing without bullets to fire.

[Alisha-k]

No matter how terrible the recession choses to appear Bitcoin can't fall down to $1,100. Prices might fall further below $14k will
Admit to that speculation because prices isn't making any signal to recover but making a drastic drop to $1,100 seems so impossible. But with this plunge other stocks and crypto assets will even further dips definitely no asset will be free from the lhis price attacks

[SirLancelot]

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.

Same here I was surprised after reading it but I then think maybe he mean to say the price can fall for another 1.1k. For example if the value now is 20.1k then its next value is going to be 19k. Till now, many people still predicts that btc can fall but those numbers are only at 15k and 13k and the lowest maybe is at 8k. Below than that are unrealistic already.

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.

Or they are those whales that spreads negativity so that when someone believes it, they will worry and dumped their coins. Whales will then took the opportunity. Anyway, in my case, I am very bullish now with btc because there are some positive news that I read lately and also we are now on the second half of the year. Usually price starts to improve starting this period.

[ShowOff]

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???

Although bitcoin is actually an asset that is always volatile and quite easily affected by positive and negative issues, I am very sure that the price of bitcoin will not touch $1K again in the next 2 to 5 years. I would probably consider the price could still down below $10K, but $1K is something that's inconceivable right now. Also, you don't have to be too sure of the analysis done by fiat finance experts because they don't really like bitcoin.

[serjent05]

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???

BTC  doesn't need to answer them and as usual BTC market just perform to shame these so call expert financial analyst.  Those who state in their analysis that Bitcoin will fall to $1100 are just wanting to get attention.  And besides history can answer how Bitcoin shames those experts so no need for BTC to prove himself again and again.

[Wilhelm]

Bitcoin is the king of the crypto because...
It's old and trusted enough to remain.
It's not pushing to be innovative like ETH, it's trying to be a boring commodity that you can store wealth in.
It's the most dominant one with the highest marketcap
It's the coin with the most chance of being used by institutional traders
It's a threat to the traditional financial world

[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. 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???

BTC  doesn't need to answer them and as usual BTC market just perform to shame these so call expert financial analyst.  Those who state in their analysis that Bitcoin will fall to $1100 are just wanting to get attention.  And besides history can answer how Bitcoin shames those experts so no need for BTC to prove himself again and again.

actually i was wondering if those claims are legit or Only OP makes that story because i am surfing almost the whole crypto market  yet to find that statement that there are legit analysts who says that 1,100 is coming for Bitcoin and i will never believe this statement .
and also if OP may share at least one of those analyst then we may check the legitimacy of that person.

[adaseb]

Yes it’s pretty crazy how a few months ago, everybody was saying $100K is locked in and $250K was possible. And now it’s the complete opposite.

Now we are getting predictions for $10K or $5k and now I am seeing $1K. Which Leads me to believe that the true bottom is somewhere near.

I remember back in late 2018 when we broke $6K and people were saying $1K would be the low but $3.5K was instead.

[Oasisman]

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???

These so called crypto analyst that you're referring to is either doesn't want to see Bitcoin's success or helping to pull down the price a little further and exaggerate the current bearish run so they can buy more cheaper than $19k or $15k.
Most bearish speculations were just around the range or $15k-$20k.
The more the people are speculating with such bearishness, the more chances Btc won't be hitting those numbers as it tends to recover when people are buying everytime Btc dips.

[RealMalatesta]

These so called crypto analyst that you're referring to is either doesn't want to see Bitcoin's success or helping to pull down the price a little further and exaggerate the current bearish run so they can buy more cheaper than $19k or $15k.
Most bearish speculations were just around the range or $15k-$20k.
The more the people are speculating with such bearishness, the more chances Btc won't be hitting those numbers as it tends to recover when people are buying everytime Btc dips.

There are some who do not want to see bitcoin do great, because they have lived all their life from getting money out of each trade regular people make. If bitcoin does better, then binance will profit, or coinbase would, but not wall street. So, there are some "experts" who hope that bitcoin would go down, so that they would make some profit based on what trades people make on stock markets so they could get a cut out of it.

Stock traders will never enjoy crypto, maybe individually but not on a business scale. Or they will find a way to make money from it themselves, and that's how they are going to hope they could profit from bitcoin and in that case they will support it.

[GeorgeJohn]

Yes it’s pretty crazy how a few months ago, everybody was saying $100K is locked in and $250K was possible. And now it’s the complete opposite.

Now we are getting predictions for $10K or $5k and now I am seeing $1K. Which Leads me to believe that the true bottom is somewhere near.

I remember back in late 2018 when we broke $6K and people were saying $1K would be the low but $3.5K was instead.

I don't think that is quite right to hope and trust an analysis prediction of people concerning cryptocurrency what I normally do from my own perspective is that I follow the chart to read the progress of cryptocurrency because following prediction of people which people make, to me it's not obtainable in cryptosphere. Because all their predictions starting from last year November is just opposite of whatever cryptocurrency is experiencing right now but I believe that anytime soon cryptocurrency market will normalise which from my own perspective should occur next year 2024 not this year. Because the market is going red every minute without positive support

[dragonvslinux]

$1K target seems a bit absurd at the moment, I really don't see how you could estimate that. First price would have to drop below various key levels; $10K, $6K as well as $3K. No doubt it would take many years to get to $1K if it were to happen, with many dead cat bounces in between. For now, more realistically $12K seems more possible that not right now, based on the bearish price action.

I'd like to think that price can merely fall to $15K or $16K before finding a bottom, rather than falling all the way down to previous long-term consolidation levels, but what concerns me the most is the massive volume gap between $17.5K and $12K, based on how quickly price moved from $12K to $20K in late 2020. Unlike in 2018 when price fell to $3.2K and many were expecting $1K or $2K, there was volume support around $3K from previous consolidation in 2017. Unfortunately this time around, there isn't any consolidation until $12K to consider support, similar to how price dropped from $28K to $20K so quickly.



The only positive I see is the volume gap between $23K and $28K, so if price can break above this resistance level, then it can return to $28K relatively easily, similar to how price dropped so quickly.

[Silberman]

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???

Those people do not really know what they are talking about, it is almost impossible for bitcoin to suffer such a drop in its price, I think that we are about to see another drop and the drop can be significant but I do not think it is going to be that bad, however I think it is also a mistake to think that we're going to see a huge recovery when all the signs are pointing out that at best we could see the price remaining at the current levels for a few months.

[Tony116]

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???

Those people do not really know what they are talking about, it is almost impossible for bitcoin to suffer such a drop in its price, I think that we are about to see another drop and the drop can be significant but I do not think it is going to be that bad, however I think it is also a mistake to think that we're going to see a huge recovery when all the signs are pointing out that at best we could see the price remaining at the current levels for a few months.

I dare say that those analysts know nothing about bitcoin, or they are just trying to make a statement to get people's attention, or they are paid by people who hate bitcoin and always want bitcoin dead saying those words. Assuming the world will enter a recession in the near term still no reason for bitcoin to drop to 1000k this is the most bullshit analysis I have ever read. If we do fall into a recession, assets like bitcoin will definitely correct down maybe 10k as everyone has predicted and that is the lowest possible.

[Zanab247]

No matter how terrible the recession choses to appear Bitcoin can't fall down to $1,100. Prices might fall further below $14k will
Admit to that speculation because prices isn't making any signal to recover but making a drastic drop to $1,100 seems so impossible. But with this plunge other stocks and crypto assets will even further dips definitely no asset will be free from the lhis price attacks

Based on what we have experienced from crypto world some years ago, I don't think the price will fall down to $1,100 before it will increase higher for traders to see bullish season. The market price has demonstrated some positive signs that the price will not reduce more than $14k, before the bullish season will appear for traders to start earning from their long term investments. Since this bearish took Many months in the community, I believe the bullish season will take a full year for holders to earn well from the market before it will fall down again.

[Pesona1]

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???

It is natural that the analysis expresses its views on the movement of the bitcoin price, including the analysis that says if bitcoin will go to the price of $1000 but will you believe it?
The price decline that is happening now has sparked a lot of debate and speculation about the price of bitcoin, but if you look at none of these analyzes that can provide a strong reference and reason if the price of bitcoin will reach $1000, as a person who still believes in the future of bitcoin, of course I will not believe all the bullshit said by the analysis and I think even though the bitcoin price is currently in a bad trend,  but bitcoin will not go down that far let alone reach $1000 because of the development and adoption of bitcoin which is increasingly widespread today.

[ShowOff]

-snip- of course I will not believe all the bullshit said by the analysis and I think even though the bitcoin price is currently in a bad trend,  but bitcoin will not go down that far let alone reach $1000 because of the development and adoption of bitcoin which is increasingly widespread today.

I also disagree with your opinion especially when you say this is a bad trend for bitcoin. People say what they want and may not even be able to believe it at all, but since you are the decision maker, you shouldn't trust someone else's analysis 100% because it's not financial advice.

Not everyone will think falling prices is a bad trend for bitcoin because we know that in this cycle some of them will confidently make bigger investments. The downside will find a new price pattern, this will be a great start before expecting a bull run. Believe it or not, you will make a profit if you buy on dip and DCA.

[BobK71]

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.

The bullish trend has given the entire world an idea of ​​the power of Bitcoin. Its bullish and bearish trends have played a significant role in Bitcoin's popularity. Many regret when the market is bullish. Why they can't  be bitcoin holders? Again in bearish some people regret similarly. However, the demand for BTC is increasing day by day. BTC can only become $1K when everyone no longer considers it valuable. But there is no chance. People are increasing in the world but bitcoins are limited. As a result, the demand will continue to increase.

[mumang siat]

Today the dollar is getting under pressure, due to a number of reasons, the recession is getting more and more unstable for the world economy, but strangely the crypto market has increased slightly compared to last week, especially with regard to bitcoin, there is a possibility that bitcoin will continue to recover in price going forward, as investors observers say, that if the dollar is hit down, then bitcoin has a chance to go up, this speculation is not entirely true, but if you look at the crypto market now, there is a possibility it will.

[fuguebtc]

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.

The bullish trend has given the entire world an idea of ​​the power of Bitcoin. Its bullish and bearish trends have played a significant role in Bitcoin's popularity. Many regret when the market is bullish. Why they can't  be bitcoin holders? Again in bearish some people regret similarly. However, the demand for BTC is increasing day by day. BTC can only become $1K when everyone no longer considers it valuable. But there is no chance. People are increasing in the world but bitcoins are limited. As a result, the demand will continue to increase.

I still believe Bitcoin will continue to fall in the last half of this year, but 1k is unlikely. There is no basis or technical analysis to suggest that bitcoin will drop to that price in the near future. Analysts seem to be speaking mindlessly and with a serious lack of knowledge about bitcoin.

We are in a bear cycle and a bitcoin correction is normal, but bitcoin's growing interest is undeniable. Compared to previous years, now bitcoin is everywhere and people are gradually accepting and using it. Over time, this number will surely increase even more.