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

[serjent05]

edictions that the price would go below $10,000 but it never happened. The market is very volatile and unpredictable.

The main point is the answer doesnt even matter.   If BTC does well in future it wont matter so much the exact lowest price but if people kept on buying during its positive period of gains and how long did they hold.    I could buy the bottom price now but gleefully sell out in a couple months, glad about my 20% gain even though BTC could go onto gain far more and 20% is more a trading gain then proper return in the ways BTC is capable of.

Somehow answers do matter because @OP wanted to know the sentiment and thought of the member in this forum.  Whatever the majority replies here might give OP a hint on what to do next.  But, disregarding OP's inquiry, I agree that answer doesn't matter on the trend of Bitcoin.  It has its own way to move in the market and all the answers are all speculation until it happens.

  It is impossible to call the exact pricing due to this volatility and excessive currency flows, speculating on the Dollar.   It might be more true then any other time in markets that prices are highly volatile and unknown in their boundaries.   Currency will be weak long term, I see BTC as a commodity along with other commodities that gains overall and remains in demand.

Aside from that, the sentiment of the market is reactive to whatever news comes out, so it still depends on the coming news trend.  We might think that the price will fall below way more than 19k but a piece of news can always prove us wrong.

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[boltz]

It is possible that the price of bitcoin will fall again to the $19k area before the bull market starts, especially considering the current market conditions which tend to be in bearish condition. Therefore let's see how far the market moves forward as the ups and downs of the bitcoin price depend on the market.

I see Bitcoin dropping in price during this Winter or even before that and 19k should be just the start as 15k is kinda near and that should be the real bottom or somewhere near it or the worst scenario is that we drop under 12k and from there we might see 10k as a flash drop.

Bull market is nowhere near in my opinion and there are no signs of it if we look closely at the markets or even the BTC chart but once again , this is just my view of how BTC might perform until the end of the year.

[Duzter]

Bitcoin is finally back to $18k and still, the red candle appears on the market. I am wondering if this price will go down for more or if it is just a correction in the $18k level because there is a sign to go down and stay at the current price. We can only prepare for anything, especially if we have money because we can buy back bitcoin at a lower price and do not need to panic if the price still goes down. Maybe at this price, people are not ready to see the price is down but that is what happen to the market now.

This is not surprising as bitcoin price will never keep moving up or down, it will always create price fluctuations or price correction from time to time. And the best thing to do is to always be prepared whatever the price so you will never miss another golden opportunity to buy and hold. Always observe the market first and never rush into selling at a loss. That way, you will never end up regretting.

Whenever certain price barrier is reached the market undergoes some corrections. Now the price have made a good jump in the unexpected time period. This have kept the market of bitcoin above $21k. For some time period this will not fall down to $20k creating support level. Further depending on the news around the market we'll experience the bump or dump in the market.

[TravelMug]

Bitcoin is finally back to $18k and still, the red candle appears on the market. I am wondering if this price will go down for more or if it is just a correction in the $18k level because there is a sign to go down and stay at the current price. We can only prepare for anything, especially if we have money because we can buy back bitcoin at a lower price and do not need to panic if the price still goes down. Maybe at this price, people are not ready to see the price is down but that is what happen to the market now.

This is not surprising as bitcoin price will never keep moving up or down, it will always create price fluctuations or price correction from time to time. And the best thing to do is to always be prepared whatever the price so you will never miss another golden opportunity to buy and hold. Always observe the market first and never rush into selling at a loss. That way, you will never end up regretting.

Whenever certain price barrier is reached the market undergoes some corrections. Now the price have made a good jump in the unexpected time period. This have kept the market of bitcoin above $21k. For some time period this will not fall down to $20k creating support level. Further depending on the news around the market we'll experience the bump or dump in the market.

I did see the price going down to at least $19,700 again, so another correction, but I don't think that we will go down deeper than that. We still have the important support of $20k that is so far a good price right now.

But it might be difficult to held $21k, unless we will see another those runs in the first week of the month or prior to the CPI this Sept 13 wherein we went as high as $22,400++. So let's look at the round numbers of $20k as the biggest support for now.

[Bitcoin2009]

The good news today is the price didn't drop below $20k, there was a larger transaction volume and made the price stabilize at $20k, I hope this is the start of a bull run and an opportunity to buy cheaply so we have 3 or 4 days left will profit because bitcoin price trends and charts are often in 3 or 4 day cycles.

[yudi09]

Hi OP

No one knows what price Bitcoin will be at for the next year. Bitcoin historical data has proven that. Can be seen at CMC or other sites that provide it.
The achievement of Bitcoin ATH that occurred about a year ago was beyond the predictions of many people. For now the conditions are the same, a few days ago the Bitcoin price chart increased and now the chart is back down.

Let's eat pizza guys.

[BobK71]

Bitcoin has often entered to $ 19K, even 6 hours ago the price of Bitcoin reached $ 19800 but not long and could return to $ 20K, if I see the market conditions that are almost a year still red then I have a target not too high in 2022.

Bitcoin's current price is $20,185.97 so it wouldn't be surprising if the price drops a bit more. Because at this time Bitcoin is always going up and down in this range of $17500 to $23000. As long as there is a bear market, this situation will prevail.

[Franctoshi]

 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)?

It has already tested the $19k level yesterday and today and currently I can see some kind of accumulation going on within $20k-$19k because of the 6 months trend line resistance coming in at the zone. I don't know which direction Bitcoin is to take at this point in time since after the Ethereum merge, maybe we'll be getting a kinda sell the news event, but the supposed direction for BTC is actually towards the $23k-$25k zones,  because I see this recent drop down as a correction from the movement it did last week way up to $22.6k

[South Park]

Bitcoin has often entered to $ 19K, even 6 hours ago the price of Bitcoin reached $ 19800 but not long and could return to $ 20K, if I see the market conditions that are almost a year still red then I have a target not too high in 2022.

Bitcoin's current price is $20,185.97 so it wouldn't be surprising if the price drops a bit more. Because at this time Bitcoin is always going up and down in this range of $17500 to $23000. As long as there is a bear market, this situation will prevail.

While the 20k level has a lot of meaning for some traders it seems that bitcoin itself doesn't have any problem going below it or above it, so it is quite likely we are going to touch the 19k level over and over again until the price of bitcoin takes a more defined direction, if there is enough buying pressure then we may leave the 19k level behind for good, but if that is not the case and the price crashes once again we may not be able to see bitcoin at that level until the next will run begins.

[kawetsriyanto]

It has already tested the $19k level yesterday and today and currently I can see some kind of accumulation going on within $20k-$19k because of the 6 months trend line resistance coming in at the zone. I don't know which direction Bitcoin is to take at this point in time since after the Ethereum merge, maybe we'll be getting a kinda sell the news event, but the supposed direction for BTC is actually towards the $23k-$25k zones,~

Today, Bitcoin price is already around $19k, please check the current price. 
Since June 19 the price range of BTC is around $18k - $24k. The issue of Ethereum merge looks very possible to trigger the price to achieve $25k. But I think it should be a temporary rise, won't last a long time. So, even if BTC really touches $23k-$25k zones, I am not sure we can say it is a safe zone to hold. After a big pump, there should be a severe dump. Especially during this bearish season, it is hard to expect a consistent move in price.

[romero121]

It has already tested the $19k level yesterday and today and currently I can see some kind of accumulation going on within $20k-$19k because of the 6 months trend line resistance coming in at the zone. I don't know which direction Bitcoin is to take at this point in time since after the Ethereum merge, maybe we'll be getting a kinda sell the news event, but the supposed direction for BTC is actually towards the $23k-$25k zones,~

Today, Bitcoin price is already around $19k, please check the current price. 
Since June 19 the price range of BTC is around $18k - $24k. The issue of Ethereum merge looks very possible to trigger the price to achieve $25k. But I think it should be a temporary rise, won't last a long time. So, even if BTC really touches $23k-$25k zones, I am not sure we can say it is a safe zone to hold. After a big pump, there should be a severe dump. Especially during this bearish season, it is hard to expect a consistent move in price.

In the last 24 hrs Bitcoin have reached close to $19600, which means $19000 is not far. The market will progress over time and we need to wait for the moment. Following the merge there is decline in the market of bitcoin along with most of the altcoins. The market is bearish, but the bounce gives hope of recovery. If we've got the ability to spend long time, one could earn out of the market variation causing difference in price with time.

[Kadal Ijo]

The size is of course different, if the current price of around $ 19700 is of course DIP, and if we don't buy immediately then we will regret it, I'm sure the price will reach at least $ 22k, because the Bitcoin trend since the last 4 months is in the $ 18k range up to $ 24k.

[tbterryboy]

 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)?

It has already tested the $19k level yesterday and today and currently I can see some kind of accumulation going on within $20k-$19k because of the 6 months trend line resistance coming in at the zone. I don't know which direction Bitcoin is to take at this point in time since after the Ethereum merge, maybe we'll be getting a kinda sell the news event, but the supposed direction for BTC is actually towards the $23k-$25k zones,  because I see this recent drop down as a correction from the movement it did last week way up to $22.6k

I feel like the merge is a good news and I do not see why people would sell, I wouldn't be shocked if it happened but it would be a bad move that people shouldn't make. Merge is a good thing and it will allow us to make a good return, and people will buy more and more ETH to make profit, because they can stake that way, and no longer miners will sell to pay the bills, which means that they should be buying and not selling. Hence I am not entirely sure what's going to happen, maybe we should wait a bit more.

[Shasha80]

The size is of course different, if the current price of around $ 19700 is of course DIP, and if we don't buy immediately then we will regret it, I'm sure the price will reach at least $ 22k, because the Bitcoin trend since the last 4 months is in the $ 18k range up to $ 24k.

As you said for the past few months the Bitcoin price has stabilized at between $18k and $24k, so it is highly recommended to buy Bitcoin at
a price of $ 19k. We could say the price of $19k is a low price to buy Bitcoin. We can make a profit if the price of Bitcoin rises to $22k or $24k.
But we have to remember Bitcoin's movements are often surprising, so there is a possibility that Bitcoin will not move as expected and drop below
the $17k price. Even if something bad happens when we buy Bitcoin at $19k and the Bitcoin price drops, we don't need to panic. Because Bitcoin
can always recover and rise again, so we just hold the Bitcoin we have if the Bitcoin price drops lower. Because the key to successful investment
in Bitcoin is patience, especially if we dare to hold Bitcoin for the long term, we can make a big profit from Bitcoin. That's why we don't hesitate
to buy Bitcoin when the price drops to $19k as it is now.

[dezoel]

It keeps coming back to this price because it is easy to do, the price doesn't have some sort of huge resistance keeping it above 22k levels, but it does have it at around 19k, reaching lower than that is also possible but harder, just like how it is harder to reach above 25k and we haven't in a while.

I guess that situation at hand would be a bit boring, something in between of 19k - 22k levels and it will probably go up and down between those levels, it won't be 25k suddenly and it won't be 15k suddenly, it will keep on being whatever it is so far and be within that zone. Maybe this drop was caused by ETH, but it was coming anyway, so it is not about anything else, just the zone we are in.

[STT]

Well OP was not far wrong, we didnt stray far and are about 19k but I wonder if price action is purely bouncing off the boundaries and repeating itself.  The more important conclusion is are we trending downwards or not.   The weekly low seen here is roughly equal to the last big low.   As the saying goes, you could have gone on holiday June till now and missed little but autumn tends to bring movement hence I would like to know the larger picture if possible.   
                                                                       

We are far from a bull market, its had its little attempts but we are anchored still and only going in circles till that weight is lifted.   This is resolution of prior movement, thats the framework for all these prices to work out the order of what was traded through so fast prior.   Its required, it was always something that needs to happen to ensure a good base; if we can hold here be bullish but its in question for months yet imo.

[arufox]

It is possible that the price of bitcoin will fall again to the $19k area before the bull market starts, especially considering the current market conditions which tend to be in bearish condition. Therefore let's see how far the market moves forward as the ups and downs of the bitcoin price depend on the market.

I see Bitcoin dropping in price during this Winter or even before that and 19k should be just the start as 15k is kinda near and that should be the real bottom or somewhere near it or the worst scenario is that we drop under 12k and from there we might see 10k as a flash drop.

Bull market is nowhere near in my opinion and there are no signs of it if we look closely at the markets or even the BTC chart but once again , this is just my view of how BTC might perform until the end of the year.

If we look at the current crypto market conditions, it is very possible that the bitcoin price will drop to the $15k area even below even though we don't expect it to happen. but anything can happen until the end of this year. Therefore in the current situation, it is better to hold our assets or collect bitcoins as much as possible if you have a lot of money.

[$anounimus$]

Now the BTC price is $20,125.73 It is not impossible that Bitcoin could drop below $18,000 or $19,000 again at some point this week. But it looks like Bitcoin is following a classic technical pattern, labeled the “Ascending Triangle,” which could signal a larger uptrend in the longer term. Even if that doesn't happen, a rebound from this level seems likely especially if you look at other major assets. With that in mind, don't panic if the recent crash caused Bitcoin to drop below $18,000 support.

[Vinaa77]

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've often said it's a fake pump that might come back down in no time. So we need to be careful to invest at this time. Bitcoin is a high price, just 2% down is already felt in the balance value. I also think for now we only need to make short term trades. Stop speculating on high prices this year.

This is to protect against the risk of loss. We are not billionaires who can waste our money. But if you intend to invest in the long term, you don't have to worry about any current conditions. Because Bitcoin will again grow at a high price. It's just not the time.

[GeorgeJohn]

The size is of course different, if the current price of around $ 19700 is of course DIP, and if we don't buy immediately then we will regret it, I'm sure the price will reach at least $ 22k, because the Bitcoin trend since the last 4 months is in the $ 18k range up to $ 24k.

Within this period you can purchase Bitcoin and hold if it's someone that wants to hold for long term, but since the price is moving up and down we don't have to purchase because of long term holding, since the price don't want be above twenty five thousand (25k). The thinks that the best option is buy and hold and when it increases you sell and your Profit, because holding for long time can make you lose because the decrement of Bitcoin right now is higher than the increment, because of the lesser demand