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

[ethereumhunter]

We will never know how much the bitcoin price will be down because the price is now moving anywhere without being able to predict clearly. Maybe now, the price is likely to correct again and continue to decline because as you can see, the bitcoin price has now returned to the $19k level while we know when the price will reverse. A few days ago, the price of bitcoin had touched the price of $ 20k and we thought that the price would still reverse upwards but the price went down again. So be careful in analyzing because the movement is increasingly erratic.

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[Questat]

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.

Indeed. Instead of bothering ourselves and make busy thinking about the uncertain scenarios, we'd better take this chance to accumulate more and make ready of ourselves for the big one. Because no matter what we do, the price will fall or go up and we can do nothing about that. It was best to make ourselves prepared rather than speculating the market as we are still not even sure what will happen next.

[STT]

If buying at 19k to hold for far higher prices, theres no real reason not to buy at every price not close to your sell target.   So theres a very common tactic to spread your position over time, if you were to capture the average price for 2022 it wouldnt be such a bad thing; the main qualifier is the overall bullish trend over multiple year time frame.    We're not sure whats reasonable for BTC but about 6 to 10 years is a stock cycle varying by its business, people speculate of course; some will say 4 years for BTC.

The spike down if it comes isnt so important as the overall structure of price action in that entire year.   People do trade many markets fast buy and sell to profit but they also spend all day doing so, its alot of time and effort required most people can just buy a little every month and just consider trajectory from this year to the next.

[Dave1]

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.

I'm not sure if we can compare it pre-Covid and post-Covid, yes we dropped because of the news but we get up so fast as well. As compare to right now, bear market is still with us and there is no recovery.

We are just trading above $19k and possible to go down again. I think the next barrier is $22k, if we can get on that price then maybe we will have some respite this month of September and then hopefully we can go back to the price of $25k at least.

[Silberman]

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.

Indeed. Instead of bothering ourselves and make busy thinking about the uncertain scenarios, we'd better take this chance to accumulate more and make ready of ourselves for the big one. Because no matter what we do, the price will fall or go up and we can do nothing about that. It was best to make ourselves prepared rather than speculating the market as we are still not even sure what will happen next.

While what you are saying is true and we must concentrate on what we can control, which in this case is to try to accumulate as many coins as possible now that the price is relatively low, if we compare it to the all time high, so we can obtain more profits in the future when the price begins to skyrocket, but we have to be honest as well, it is very difficult to not invest in an asset and think about what will be its movements in the future, even if you are only interested in investing for the long term.

[BobK71]

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.

Before every bull run we usually find a big dip. But that situation is not worthy to be created at the moment. Where experts say bull market can be expected towards next year. But none of the predictions are working now. This bull market can be expected especially when the global situation becomes normal.

[romero121]

There is price fluctuation making some positive price movement, but the real change of market trend isn't experienced. This time the bull market is predicted to take place after a long time period. So there is more chances of price moving same as that we encounter now. The price of bitcoin will drop much before making a bullish move.

[GeorgeJohn]

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)?

From your passed experience you know quite well that the price of bitcoins always fluctuates and when the price reached twenty thousand (20k) that doesn't mean that the price is going be dropping, the chart can be revised at stage decrement to increment, so the stronger the stagnant of the price stage more we understand the direction or the stage the price will fall in between, but right now i believe that bitcoin will rise again and it can continue to fall any longer

[G_Besar]

Before every bull run we usually find a big dip. But that situation is not worthy to be created at the moment. Where experts say bull market can be expected towards next year. But none of the predictions are working now. This bull market can be expected especially when the global situation becomes normal.

Normally the global situation is also difficult to know because so far the global situation is still not so safe and it looks like a bull market will not come any time soon unless there are signs for the global situation to normalize at this point. Experts can only say something based on the experiences they have seen and felt before, while it is still very difficult for them to ascertain what has not happened yet.

[Republikcoin.com]

Bear season this year is what will happen but unfortunately it happens other unexpected events so things are becoming more unpredictable than ever.
Once the global situation returns to normal, surely all financial markets will start to pick up speed again, but when is the global situation stabilizing another more difficult prediction? When the war is still fierce, even predicted to last for many years, as long as the fighting doesn't stop, the crisis will never end.

That's why almost everyone in this world hates fighting and war because they are very uncomfortable with the activities they want to do on a daily basis. Because everyone will definitely use the market and visit the market to do business normally and also get profits to finance their own lives. But if the world situation is still not in a normal state, then obviously good market conditions will probably be harder to see and it will also last a long time as long as the war isn't over like you said.

[tygeade]

Never can tell if the price of Bitcoin will reach 19k again or not because nobody hold the price in hand what I want you to understand is that Bitcoin price is not something that we can bring it or know the exact price. Starting from the origin of cryptocurrency the price has not been fixed it goes up and down and I believe that the price of Bitcoin can not fall below 10,000 again what I just want you to know if that bitcoin cannot buy off but it did come continue to grow but the value will not be fixed

Haven't you checked the price lately? If so then you will see that we are back again at 19k dollars. This price is becoming too common now so it is not hard to predict if we will get here or not but there is no assurance that after this 19k, we will then go in a full bull run. There might be big chance that we will stay on 20k level first just like the old times.

If you are only a regular individual then that is true that you can't control the price but I think it's possible if you are a big whale as whales are known to manipulate this market. For 10k usd. I am not sure about this either if we could reach that limit or not but many are saying that it's possible. Let see.

[Eternad]

There is price fluctuation making some positive price movement, but the real change of market trend isn't experienced. This time the bull market is predicted to take place after a long time period. So there is more chances of price moving same as that we encounter now. The price of bitcoin will drop much before making a bullish move.

Bullish move is not an indicator for a downward movement of price in contrary to your final remark with your statement. I believe it’s just typo so I will comment base on your opinion thoughts.

Price fluctuations in short term is common on bearish market because there’s day traders that usually doing scalp trade on this such market condition to have a profit. This instances is a sign that there’s still a chance for a reversal once this price fluctuations will be supported by a huge volume and good news. I still believe that market will change trend this year once there’s a good news comes on crypto that will provide long term benefits.

[bitcampaign]

maybe we often see the price of bitcoin always below $ 20k to be precise in the $ 19k price area sometimes also above $ 20k to $ 21k so in my opinion in recent months bitcoin managed to maintain that price well, therefore I also believe the price of bitcoin will always get strong support at $20k

[noormcs5]

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.

Bitcoin is moving in a very tight range between 19K to 21K. I do not find it interesting to trade bitcoin at the present, however, there are some good profits to be made in altcoin trading.
Also, if you want to build up your position from a long-term perspective, this can be a golden opportunity as bitcoin is having some prolonged accumulation period.

[freedomgo]

 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)?

Not sure anyone would be expert on bitcoin price here. Even the highest rank or the highest merit earner couldnt tell what would be the btc stance in the coming years. But if you are deeply worried then just exit your asset and turn off crypto notification.  Its quite normal to see red days and thats due to a lot of news and some making it more exaggerated one that move others into selling due to fear and fud. But if you believe in btc is the future of money then just DCA no matter what the price, at some point it will go back or even surpass its ATH.

No one is really capable to end up with a right prediction as bitcoin price will always be unpredictable. I can’t even say that the current price will not drop anymore and fall below $20k, as everything is possible when it comes to bitcoin. However, if you have big faith in bitcoin, and you keep on buying bitcoin for long term investment, then forget about the present price volatility of bitcoin as you are not going to sell anyway when you know you’re not making huge profits.

[Finestream]

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)?

Being updated with the market value is never wrong as it helps you suggest the next step to do. However, this is not advisable for those who easily panic and become worried because he will resort to thinking that this will be the end of bitcoin or crypto.

Bitcoin will always create unexpected price no matter what. So falling its price to $19k or lower than that is always possible especially if there are market issues that will leave huge impact on the market itself.

[serjent05]

If we look at the market sentiment, it was said the market sentiment returns to six-week lows[1], so any negative news whether small or big can trigger BTC price to react negatively.  So, I think $19k  or beyond that is very possible before the market transitions to a bull market.  So I think we should ready our funds for a possible another discounted sale of BTC.


[1] https://cointelegraph.com/news/btc-price-sees-new-20k-showdown-5-things-to-know-in-bitcoin-this-week

[n0ne]

If we look at the market sentiment, it was said the market sentiment returns to six-week lows[1], so any negative news whether small or big can trigger BTC price to react negatively.  So, I think $19k  or beyond that is very possible before the market transitions to a bull market.  So I think we should ready our funds for a possible another discounted sale of BTC.

Rather than discounted sale, it can be used as an opportunity to buy at discounted price. For now we're gonna experience more bearish months. $19k is not far considering today's price of bitcoin. In the last 24 hours time bitcoin have touched $19700 at the lowest. Maybe over the days if negative news strikes the market, it'll easily reach down to $19k. It is good to keep ourselves prepared for the worst, so that can withstand any unexpected down market.

[cryptoaddictchie]

However, if you have big faith in bitcoin, and you keep on buying bitcoin for long term investment, then forget about the present price volatility of bitcoin as you are not going to sell anyway when you know you’re not making huge profits.

Yes thats true. I am doing dca also on bitcoin just by participating on signature campaign. For me its a great time to accumulate btc cause its literally low and even doing some trading and buying some btc with profits I earned on some altcoins. Not much but if buying at a price like this, then having 1 btc isnt hard in no time.

[Sebas.tian]

I don't think, the price of Bitcoin will decrease more than $19,000 before it will increase higher for those that invested some months ago to get prepare to earn something good from their investment. This is the best opportunity for both long term traders and short term traders that missed the opportunity to buy from the crypto market to make use of this bearish market to buy and hold, because the green light is preparing to remain stable for people to know that bull season is very near for those that hold for long to earn well from the market.