Bitcoin Resisting the below twenty thousand level

[sayaya17]

Prices below $20k have happened several times in 2022, and it only took less than a week to get back to the $20k level, and I'm glad yesterday bought around $230 when the price was $19700, if selling now it would have been more than 5% profit, but I will hold or buy more even if the price is already over $20500.

It is true that the price of Bitcoin seems to have moved not far from the $20k price, as you said several times the Bitcoin price fell below the $20k price,
but it always goes back up to $20k. This means Bitcoin is likely to stabilize at $20k until the end of the year, and we don't have to worry that Bitcoin
will drop very far below $20k. That's why we can take advantage of this stable Bitcoin movement for short-term investments or scalping.

So whenever Bitcoin price drops below $20k, we should not hesitate to buy Bitcoin and we will sell when Bitcoin price rises to $20k price. Indeed,
the profit generated is small, but if we do it over and over again until the end of this year it looks like it can give a big enough profit. Moreover,
we dare to use large capital, of course the profit generated will be much greater. But just in case the price of Bitcoin suddenly pumps very high
by returning to the $30k price, we can part of our capital for long-term investment in Bitcoin. That way whatever happens to Bitcoin we can still
get benefit.

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[Silberman]

A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

We did try to manage to go above $20k, but then again in the last 12 hours or so, volume was busy and there are a lot of sell orders again, and as per cmc, $19,698.

I think we will go above $20k again, as this is a big mental support for traders. Maybe those speculators are selling for quick flip profit. Nevertheless long term holders are going to buy at this price again and take advantage of the sub $20k price.

Traders and investors alike realize how important is the current battle that we're seeing, if the price of bitcoin is unable to hold the 20k level we do not really know how low the price could go, and it is because of this that the bears are so determined to bring the price below that level, on the other hand the strong hands also realize that if the price of bitcoin can hold the current attack of the bears then the possibility of bitcoin going below that level during the next months will be reduced significantly, so they know there is a lot at stake here and it is likely we will see a very bitter battle for days before we can clearly tell which side is the one that won.

[traderethereum]

The price seems to be moving slowly, not fast and waiting for something.
The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.
We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.
If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.

[Reatim]

The price seems to be moving slowly, not fast and waiting for something.

well waiting for investors ? or waiting for sellers ? either both it will be a good movement for Bitcoin and for us holders.

The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.

nope. there is no fluctuation happening right now  mate though there isa  small lowering couple das ago but now seems to be strong at 20k again.

We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.

there are news and situation to expect and that is some bad coming .

If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.

if you are willing to keep then stay holding , if not then best to sell it now.

[Jating]

The price seems to be moving slowly, not fast and waiting for something.
The price itself continues to fluctuate as usual and maybe something will happen in the next month, which is only a short time away.
We must anticipate all possibilities that can occur so that we can adapt to all situations and conditions.
If the price should go down, prepare your money to buy more bitcoins because that means the time for the discount has come.

It's the end of the month and hopefully just above $20K and then we might see a lot of sideway pattern again next month. Yes, I do agree that we should anticipate all possibilities, another lower lows and dips, nevertheless, we are in a bear market so just expect the worst. Buying the dip is the best strategy in this cycle, and as long as you can afford to lose or at least money that you are willing to invest long term, till the next bull run then it's good to buy this cheap bitcoin. So far the price based on coinmarketcap is $20,204.24.

[Sanitough]

A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

No one can be right when it comes to an uncertain market because all we have are just predictions and there are no guarantees if it will be possible or not. However, knowing the fact that bitcoin is so volatile, its value might have further drops or might be moving upward and skyrocket. But as long as this bear market stays in the market, expect that bitcoin will have a hard time reaching significant value.

[Finestream]

snipped...

True, there is a lot of fear in the market right now, and investors see it as too risky to participate. Personally, I believe we have reached the bottom, but in this market, the unexpected always happens. Because that is the formal resistance level in 2017, $20k appears to be a strong surport level. If the level is broken in the bear's favor, $14k may be in play.

We can't rid of these weak hands and doubtful mindsets, I'd see this and consider the impact of every drop that it showed. However, this won't make the market drop more because once there are selling low, many investors are willing to catch it which is why it never drops more but see a sustainable market.
And I'd never think about $14k - we have done with the bottom already, that is what I see and this dropping scenario won't take so long.

Apparently, this whole bearish market will be over soon and a new ATH for bitcoin will become visible. But for now, let’s leave it there. Strong hands will always see every opportunity that comes every time bitcoin drops while leaving those weak hands continue to panic because of their wrong mindset and perspectives in crypto. Although I’m also having the thought that bitcoin won’t fall further below $20k, but if there are sudden negative events that will trigger the market, then expect that inevitable price drops will be possible to happen.

[suzanne5223]

A lot of speculation has been ditched out in the last 48 hours since Bitcoin battled to retain the 20 thousand dollars price even though some expect has predicted a more bearish market in the next month, and some others are of the view that the 20 thousand dollars price is the bearest minimum Bitcoin could fall back to.

At the moment Bitcoin is at a decisive level to either level up or pull back below the 20k dollars level, in the next coming day Bitcoin price will witnesses a lot of volatility we should be prepared for that and make a lot of speculation that can help analyze the market and it grows.

No one can be right when it comes to an uncertain market because all we have are just predictions and there are no guarantees if it will be possible or not. However, knowing the fact that bitcoin is so volatile, its value might have further drops or might be moving upward and skyrocket. But as long as this bear market stays in the market, expect that bitcoin will have a hard time reaching significant value.

First, I don't think people need to believe the prediction of the so called expert which purpose was just to fraud the newbies in the market with naive market prediction.
Despite the Bitcoin market been uncertain venue there are still some event that can be use to get the market next momentum and an explain is the nature of the BTC mining difficulty.
In the meantime, I expect the market to experience some dump in price in the future and that doesn't mean there wont be any flash bullish market.

[Odusko]

The market has undergone so many speculations from some self acclaim price analysts that have no basis for the speculation or have no data to back up the claims, but Bitcoin price has build a strong resistance at twenty thousand dollar but the bear build a more stronger pull back mechanism to keep Bitcoin price below that price range. Bitcoin is just following it regular price pattern and this can be traced to the track records of Bitcoin previous market price movement, in the coming weeks Bitcoin price will recover and move above that price speculation to a new price range with bull tendencies.

[Pierre 2]

Currently checking coinmarketcap and I can see that Bitcoin just moves between 19000-21000. I feel like global economic crisis may have affected Bitcoin positively. Even though Bitcoin market is open to total speculations I believe there are good enough reasons to keep buying more and more Bitcoins. I tend to secure every Bitcoin I can find in old wallets right now. And I also fill my cold wallet with more and more.

[AmoreJaz]

The market has undergone so many speculations from some self acclaim price analysts that have no basis for the speculation or have no data to back up the claims, but Bitcoin price has build a strong resistance at twenty thousand dollar but the bear build a more stronger pull back mechanism to keep Bitcoin price below that price range. Bitcoin is just following it regular price pattern and this can be traced to the track records of Bitcoin previous market price movement, in the coming weeks Bitcoin price will recover and move above that price speculation to a new price range with bull tendencies.

well, anyone can be a speculator of this market. but when it comes to how you will decide on this market, depends on how confident you are with your predictions. because of course, you will only invest if you feel you have a very good chance that you can make profits. and with what seemingly a good point to invest some on btc, a lot of people i guess are buying silently.

[Rufsilf]

Currently checking coinmarketcap and I can see that Bitcoin just moves between 19000-21000. I feel like global economic crisis may have affected Bitcoin positively. Even though Bitcoin market is open to total speculations I believe there are good enough reasons to keep buying more and more Bitcoins.

That is one factor affecting the market condition now. It was to see that the global economic situation is in crisis but I haven't expected that it will push the price of Bitcoin to move down below $18k. It is just the volatility of the market has shown to us, we've been in $21-$23k in the past weeks, it is something to say that maybe next week we are already up again above $20k. I actually positive how these BER months affecting the market condition but yes, we don't have to expect more.

[Welsh]

It's highly likely we just keep rebounding within a 5k range this side of Christmas, which I'm personally okay with. Until we get to see how the world is coping with the recession in a few months time, I can't see the situation getting any better. Buying power is naturally down, as well as demand due to the unprecedented times.

So, until we start to see the other end of the recession tunnel, I can't see us making much progression in a upward trend, much more likely in my opinion to see a downward trend in a six month window. I'm not basing that on anything that's happened in the past, but only from the consideration that we're now in one of the biggest recessions most people would've seen, if not all of us, and we don't know exactly the repercussions of that until at least a few months in. For example, here in the UK interest rates are expected to go up a couple percent more, which is going to have a massive effect on people who recently bought a house, because not only did they over pay for their houses due to the boom, but the government was offering 5% loan to value loans, which basically means a lot of people took out more than they can afford to pay back, and that's without considering the job losses that we will see at the end of the year.

So, yeah in terms of a six month period. I can't see Bitcoin getting beyond that 20k, and if it does it would likely only be brief.

[traderethereum]

well waiting for investors ? or waiting for sellers ? either both it will be a good movement for Bitcoin and for us holders.

I think the price is waiting for both sellers and investors.

nope. there is no fluctuation happening right now  mate though there isa  small lowering couple das ago but now seems to be strong at 20k again.

Yesterday we saw the price was at $19k and I placed a buy order that my order filled and now the price is back to $20k so I decided to sell it again and withdraw my profit.

there are news and situation to expect and that is some bad coming .

That is why we must always be ready for whatever will come in the next few hours or days to make a good decision based on the conditions immediately.

if you are willing to keep then stay holding , if not then best to sell it now.

I already sell it when the price increases and take my profit

[Piesel]

It's highly likely we just keep rebounding within a 5k range this side of Christmas, which I'm personally okay with. Until we get to see how the world is coping with the recession in a few months, I can't see the situation getting any better. Buying power is naturally down, as well as demand due to unprecedented times.

The global inflation crisis has way too much negative impact on the stock market and that is visible in the price of Bitcoin as the market has been struggling to sustain a stable price and possible break out which has met a lot of resistance in several weeks, and this global crisis has no end in sight any time soon,  but given the positive outlook of many developments and attempt it won't take much time before a possible breakout will occur but that breakout will start from decentralized assets such as Bitcoin that ks out of government control and is only open to market demands.

The global economy is facing widespread economic meltdown which has accompanied the post covid recovery phase and many stocks are going to be held down for some time so possibly between twenty thousand and thirty thousand Bitcoin price will be witnessed for a long time, possibly in the next four months we going to be cycling around that range.

[Captain Corporate]

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I %100 believe that neither inflation nor whats going on in the stock market matters to crypto as of right now. The main reason why we are seeing such a big deal is the fact that mt.gox basically spread a news of 2+ billion dollars worth of bitcoin being sold to pay mt.gox victims. Not saying it will or won't happen because I do not know what will happen, but I know that many people sold because of that. Mind I remind you we were 24k+ just recently before that news, and dropped to 20k after the news, was our inflation superb when we were 24k+? No it wasn't, was the stock market awesome during the same time? No it wasn't. So the only thing that changed became the mt.gox news and nothing more.

[Silberman]

I %100 believe that neither inflation nor whats going on in the stock market matters to crypto as of right now. The main reason why we are seeing such a big deal is the fact that mt.gox basically spread a news of 2+ billion dollars worth of bitcoin being sold to pay mt.gox victims. Not saying it will or won't happen because I do not know what will happen, but I know that many people sold because of that. Mind I remind you we were 24k+ just recently before that news, and dropped to 20k after the news, was our inflation superb when we were 24k+? No it wasn't, was the stock market awesome during the same time? No it wasn't. So the only thing that changed became the mt.gox news and nothing more.

It is undeniable at this point that such news had a profound effect on the market and it seems its effects are still in place, however I wonder how long is this going to be the case? After all there must be some kind of limit to the effects of those coins being sold, but with speculators and the bears fanning the flames then this drop could last for a long time unless there was an increase in the demand, but something like this seems unlikely at this point.

[Dave1]

The reason why we are going back and forth around here must be due to the fact that the market still cannot make a decision. If we go upwards, we will have to try the 22.500 band. If we go downwards, a decline towards the 18.300 band is very likely. At the moment, we are still going back and forth in a certain range. So we can say that it is actually accumulating.

Partly and then we had the report of CPI that affect the market recently.
Of course, there is the war in the background that we have to take into consideration. The Mt. Gox rehabilitation, that will be ongoing for the next couple of months might also give an impact. So there are a lot of parameters that is still be coming our way.
And so, I wouldn't be surprised if we will continue around price, $20k-$22k till the end of the month. And for the minority, this is a time to accumulate as you have said, at $19k the price is still very cheap.

[Kemarit]

And we are still battling the $20,000 support line, since we have this flash crash this week. At least the bulls is trying it's best to protect this price and it now stands at $19,833.

So it will be a uphill battle again, nevertheless it's weekend so not expecting any price movement that will push the price below. The test will be next week again, we will see if we can get to that $20,000 level and hopefully we will maintain it and then hit $22,000 the highest price that we have been so far in the last two months.

[kotajikikox]

bitcoin still resist to cover 20k again and that is what the market says now

https://coinmarketcap.com/currencies/bitcoin/

What I do believe is that the twenty thousand level is the basis price and yes we can see that there are  so much happening nowadays and we will see more of this in the coming days as we are near entering the last quarter season.