Will Bitcoin do $19k again before a bull market?

[Lucius]

Will Bitcoin do $19k again before a bull market?

I think that all of you who are impatiently waiting for a bull market should take a look at history and then maybe understand that we are in a bear market that will very likely last not only until the end of this year, but maybe throughout the next year as well. It's not a rule, but it's a repeating pattern that's proven to be true - so it's logical not to expect a bull market before the next halving in 2024.

As for how low the price will fall, everything depends on how well the world economy will manage to cope with all the challenges and how successfully various FUD theories will be spread, like this one that has been going on for months and every week we discuss when the BTC from Mt.Gox will be returned to its owners and then they will all dump 140 000 Bitcoins at once and the price will crash so low that Bitcoin will never recover from that.

You don't need to be an expert to understand what's happening on the market, but some people obviously think that someone can tell them what will happen in the future - for those who don't know, there are hundreds or maybe even thousands of such experts who sell their expertise on social networks.

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[pieppiep]

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k  area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
  If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

I think it's okay because it means that we have more opportunities to buy bitcoin at a lower price than now and we also have a chance to see the price of bitcoin increase in the future. We don't need to be afraid if bitcoin prices drop any deeper because it's only temporary and things will change for the better from now on or later. Meanwhile, you can see the market situation while preparing everything, including buying bitcoins.

[Wiwo]

mtgox customers are expecting to unload a ton of BTC onto the market.  I think a bottom in the $13K to $17K is much more realistic.  I've been urging friends to start dollar cost averaging in for the next cycle run now.  I am under the belief that if you buy $100 worth of BTC per week, you're possibly able to amass $100,000 in 2 years.  

From the look of things mtgox customers may have to wait a little bit longer since there have not worked out modalities for the payment, yes they going to get paid through Bitcoin and eventually dump the Bitcoin into the market and that will force the price down for a while but a lot still needs to be done from what I read over the news some of their customers have come out to state clearly that the news is not as urgent as the speculation have it and the panic in the market is on call for as the Exchanges to be used for the payment have not been selected and a lot of other procedures have not been followed that will aid the payment of the 140,000 Bitcoins any time soon.
Bitcoin price can fall back to $17k before building resistance at that level, but saying the pullback will dive down to $13k may be too much for Bitcoin to recover from before 2024.
Source: https://u.today/mt-gox-creditor-denies-fake-report-about-imminent-release-of-140000-btc?amp

[Vaskiy]

Bump and dump were part of the market. We always need plans to withstand all form of market changes. Already the price have touched the $17k previously, so reaching $19k is highly possible.

The market have got its demand, yet the market fluctuation is connected to various factors. For now the upcoming announcement of interest rate is predicted to make the price fall down. Any kind of fall ends with growth, but to experience it we need patience to hold without getting into panic.

[jossiel]

If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

Still, no one knows.

This is the market that we used to know and it can go as low as it can, some I've seen telling that $11k is of possibility. But they're all predictions that we tend to see when the market falls such price.

It's being followed by those predictions that seemed to be right in their own ways. Let's just go back to what you've said in the beginning.

I usually don't bother my self about BTC price but always keep update with news.

There, just keep with the news but don't get bothered by the movement of its price.

[GeorgeJohn]

The cryptocurrency market right now seems the most devastating market compared to others.
A few months ago when we dumped below $20,000, that was fast, multiple dumps and a huge percentage of dumps happened.
 
Yesterday, we fell below $20,000. So I am positive that $19,000 is very possible before we visit again the above $25,000.

It's surprising that Bitcoin that clamped up is deprecating in value. Because the little steps of cryptocurrency and especially bitcoin i understand that many people taught it's the nature. But what i understand in cryptocurrency and Bitcoin in particular rise due to the determinant of the people demanding for it.

[Detritus]

if you really are not bothering about bitcoin price then you may have not created this thread so i'm sure you are checking how the people sentiment about bitcoins movement in the coming days.
Mate either 19k or 15k? what is the difference if we are truly for long term holding ? or at least you are looking for a chance to buy more?
[/quote]

  The current value of my BTC holding is actually for a long term and not any time soon, that's why I feel reluctant about price, if am looking to hold for 4 years then I don't need to be bothered about price. Normal, the only time I get curious 🧐 about price is when ever am buying. The reason for this thread is to see what others take are for the recent decline in price. I love what OgNasty adviced and the thought of Yamifoud

[Silberman]

Bump and dump were part of the market. We always need plans to withstand all form of market changes. Already the price have touched the $17k previously, so reaching $19k is highly possible.

The market have got its demand, yet the market fluctuation is connected to various factors. For now the upcoming announcement of interest rate is predicted to make the price fall down. Any kind of fall ends with growth, but to experience it we need patience to hold without getting into panic.

Not only it is possible it has already happened, the price now is clearly below 20000 and it is possible it will keep going down for some time, and like always the only thing we can do is to endure it, the bear market that many thought was close to being over has not ended but instead it seems that it is about to get much worse, I just hope that even if we see a further decrease in the price people avoid entering in a state of panic, because if you allow yourself to fall into that state losing money will become almost a certainty.

[MCobian]

Bump and dump were part of the market. We always need plans to withstand all form of market changes. Already the price have touched the $17k previously, so reaching $19k is highly possible.

The market have got its demand, yet the market fluctuation is connected to various factors. For now the upcoming announcement of interest rate is predicted to make the price fall down. Any kind of fall ends with growth, but to experience it we need patience to hold without getting into panic.

Not only it is possible it has already happened, the price now is clearly below 20000 and it is possible it will keep going down for some time, and like always the only thing we can do is to endure it, the bear market that many thought was close to being over has not ended but instead it seems that it is about to get much worse, I just hope that even if we see a further decrease in the price people avoid entering in a state of panic, because if you allow yourself to fall into that state losing money will become almost a certainty.

Bitcoin price movements are very difficult to predict, anything can happen, including the price of Bitcoin can fall lower than the price of $ 19k.
So don't worry too much about Bitcoin's decline, because how deep the Bitcoin price falls will definitely recover again. So instead of thinking
about the lowest Bitcoin price, it's better to just focus on collecting Bitcoins. And don't let us regret not buying Bitcoin because we want to wait
for Bitcoin to reach the lowest price first. Unfortunately, although many people know Bitcoin is a safe coin to buy and will return to hype
in the next bull market. But still there are some people who are hesitant to buy Bitcoin at the current price and will buy when Bitcoin has reached
the lowest price.

Even though no one can accurately predict the lowest Bitcoin price, there are more people who regret that they are always late in buying Bitcoin
when the price of Bitcoin suddenly pumps. Then one more thing don't panic if we see the Bitcoin price fall, that's something that often happens
with Bitcoin, because if we sell Bitcoin at a low price because of panic, it's very detrimental. Because the price of Bitcoin will always recover
how deep the price of Bitcoin falls.

[Baofeng]

I usually don't bother my self about BTC price but always keep update with news.

Good for you.

But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k  area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.

It looks like we have broken the big mental support of $20k, and usually when it does, the price will definitely go down. A lot of selling pressures in the last 24 hours.

 If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

I'm no expert but I don't think that we will go super bearish and hit another low this year. $17,500 might be the lowest in this bear market. So far the price have jump from the lows of $19k to highs and hopefully we can go back to $20k again.

[Reid]

Not an expert but on the same perspective as you, I don't want to see it go lower than that because more FUD will come out if it does so.
It's below 20k now but back to a green light. If it does go lower then chances of breaking the resistance point will be higher.
But when a big movement down happens we can expect the bull will near too. The calm, then going going low, afterwards the spurt. I am just using history basis though, the economic problem is still up so it might be different this year.

[bitterguy28]

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k  area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
  If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

but you already got it , bitcoin fell down to to 19k but I'm not sure if we will be seeing Bull market after this as there are so much coming , there are even that mt.Gox releasing bitcoin that has been in claiming for long time now?
so I think there is more than lowering than 19k this coming days.

[Mpamaegbu]

Not an expert but on the same perspective as you, I don't want to see it go lower than that because more FUD will come out if it does so.

You shouldn't be scared of FUD. It has been like a twin to Bitcoin for years. However, I know that despite all the negative press, Bitcoin still remains resolute. If FUD didn't destroy Bitcoin a few years ago when it wasn't this popular, I don't see it having the capacity to do it now. By the way, every Bitcoin fan and investor ought to learn the principle of growing a thick skin and have a FUD plug to the ear to avoid unnecessary distractions. Again, we should also embrace FUD the same way we do FOMO. Those two items are necessary for market stability. We shouldn't expect Bitcoin to soar and not plummet.

[peter0425]

I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k  area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
  If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?

if you really are not bothering about bitcoin price then you may have not created this thread so i'm sure you are checking how the people sentiment about bitcoins movement in the coming days.
Mate either 19k or 15k? what is the difference if we are truly for long term holding ? or at least you are looking for a chance to buy more?

I'm not too bothered about Bitcoin's price either, it is what it is. I currently don't need that money, and I'm willing to wait, OP might be trying to find an opportunity to obtain more, something which I'm also trying to do, but for BNB. [quote

it is for HIM to admit mate , because the words delivered are clear he is not bothered but he created this thread for some curious question , but for me?

I care nothing about this because I can keep my funds now and will never sell any small amount till I reached my target prices.

My bitcoin and even my altcoins will be in my folio and wallet for the rest of this dumping season

[justdimin]

Not an expert but on the same perspective as you, I don't want to see it go lower than that because more FUD will come out if it does so.
It's below 20k now but back to a green light. If it does go lower then chances of breaking the resistance point will be higher.
But when a big movement down happens we can expect the bull will near too. The calm, then going going low, afterwards the spurt. I am just using history basis though, the economic problem is still up so it might be different this year.

The price going down is not causing FUD, the FUD is causing the price to go down. Why did we reached 24k+ prices and then dropped under 20k? Because, people heard that mt.gox will sell billions of dollars worth of bitcoin, and that caused a lot of people to get out with fear, and that fear caused the price to collapse.

This means that it was FUD that caused the price to fall and that is why I do not think that we should be really wondering why the price of bitcoin is low right now. It's mainly people who are scared and it will stay that way for a long time for sure. I believe that if we could stand and not fear, then we won't go down from things that happen, we only go down because of our reaction to things like this, and not the stuff itself.

[ololajulo]

This question keeps coming always in the bear market but what do people do with the knowledge of another dip in price? No one has the accurate knowledge of the price movement, still people make decision with respect to the uncertainty. The way you take profit is the way you buy into the market. Ladder into the market and keep focus of always hodling fiat or stable coin, it has been tested and reliable.

[Woodie]

Unfortunately, there is just so much bearish momentum in the markets and price is already too close to 19k for us to ignore this level and sadly there is nothing stopping the falling knife unless something big really triggers it for it to turn bullish...maybe a cease fire in the Russia Ukraine war would be something to excite bitcoiners/hodlers or maybe some institutional traders need to start buying these lows and the herd mentality will kick in and markets will turn bullish once again .

[Silberman]

Unfortunately, there is just so much bearish momentum in the markets and price is already too close to 19k for us to ignore this level and sadly there is nothing stopping the falling knife unless something big really triggers it for it to turn bullish...maybe a cease fire in the Russia Ukraine war would be something to excite bitcoiners/hodlers or maybe some institutional traders need to start buying these lows and the herd mentality will kick in and markets will turn bullish once again .

Right now I have to be honest I have no idea how the price of bitcoin is going to move next, the price has been dancing around that level for some time and right now we are slightly above 20,000, but who knows what the price is going to be tomorrow? I really think that at this moment people should not try to do any kind of fancy moves and instead they should wait until finally the bears and the bulls are able to decide a winner and the market takes a more clear direction.

[Jating]

Unfortunately, there is just so much bearish momentum in the markets and price is already too close to 19k for us to ignore this level and sadly there is nothing stopping the falling knife unless something big really triggers it for it to turn bullish...maybe a cease fire in the Russia Ukraine war would be something to excite bitcoiners/hodlers or maybe some institutional traders need to start buying these lows and the herd mentality will kick in and markets will turn bullish once again .

Right now I have to be honest I have no idea how the price of bitcoin is going to move next, the price has been dancing around that level for some time and right now we are slightly above 20,000, but who knows what the price is going to be tomorrow? I really think that at this moment people should not try to do any kind of fancy moves and instead they should wait until finally the bears and the bulls are able to decide a winner and the market takes a more clear direction.

The month was close around $20,0xx, but if you look at the price right now, it's fluctuating to highs of $19k to lows of $20k. So still bearish as e have seen in the last two weeks and there is no momentum for another push. And when we are very bullish when the price hits $25k and we talk about $30k, now we are in a point wherein the price is like 2-3 months ago in an average. So there is no movement, it is still continuing to move sideways. But it could be worst though, with the news of the Mt. Gox and then the war in Europe still up in the air. So we are still happy to see the price around the support of $20k.

[Pierre 2]

I think is more possible than many people guess. We saw huge price movements around covid period, like you can remember we dropped below 10k. I feel like if traders feel like bitcoin is not profitable they can create sell walls and bulls will not break those walls. Although as I mentioned in different threads its better to start accumulating early. At one point Bitcoin will do huge jump like 2x and missing the train will feel awful.