Will Bitcoin hit 2022 low again?

[Rikafip]

You have explained yourself well, and I like it. But gut feelings, instincts and the rest are alien to quality trading, you should avoid them. Yet, I agree with you that Bitcoin is under pressure, and this might remain till the end of this year.

I am very well aware of the fact that you can't trade on gut feeling or luck (its basically a gamble in that case) and that's why i gave up in trading all together few years ago and instead focused on hold and DCA which works like a charm.

You might want to be concerned if Bitcoin goes down below $17,000 this year. This means that it must have breached the low of June at $17,625, which is also the low of 2022. This will be disastrous for Bitcoin as it might be aiming for lower levels around $10,000 after this breakout.

I don't think that bitcoin going below ~$17k would be disastrous at all. Sure, it wouldn't be nice, but that's far from disaster level. For me personally, as long as we don't reach levels lower than previous cycle low (slightly below $3k) we are good.

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[Lubang Bawah]

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

[yudi09]

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

It's now the first week of September. Bitcoin's market price is still pretty good as it's still trading at $20.1k. If the sales level is high in August, then in September the same thing will happen because of the needs that must be met every month. Of course we all hope that in September there will be something that can bring happiness to Bitcoin.

Bitcoin price update (2 September 2022) $20,176.51.

[Mpamaegbu]

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

What year is actually 20221? If you speak of 2021, we may not see that ATH of $68k+ (which has lost over 70% in dip now). If you speak of the ATH in 2022, we may easily get to that before the end of the year. You shouldn't wear a mournful look when it comes to price dip for Bitcoin. Times have proved how more reliable Bitcoin is compared to other cryptos. Stay positive and that's being realistic.

[mich]

Well for me at this point anything is possible when making a price predicton for Bitcoin.  I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

[ethereumhunter]

If you look at the current market situation I am pessimistic that the price of Bitcoin can return like in 20221, we must always be realistic, early August when the price of rising and almost $ 25k, unfortunately there is another selling pressure that makes the price of drop again.

Even though the price hasn't been able to go up to $25k yet, you have to be optimistic about waiting and buying more bitcoins because, who knows, there will be a surprise from bitcoin that could make the price increase higher. Month after month goes on and while no one knows when the price of bitcoin will start to increase, it will increase at the right time. Although selling pressure makes the price fall, the price can still increase even though it is not too high but is enough to take profits. And if you can repeat it, your profits will be greater. So stay optimistic and keep trying to make a profit.

[arwin100]

Well for me at this point anything is possible when making a price predicton for Bitcoin.  I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

People predicting for heavy fall is just basing for fear indicator they see on bitcoin but actually its hard for it to dump for more knowing that many people are there willing to do but backs and support bitcoin from falling so I guess we will not go below $17k which is worse case scenario. But rather we might comeback to above $20k on next couple of months.

[Wawa2013]

Well for me at this point anything is possible when making a price predicton for Bitcoin.  I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

Sometimes a drop in the price of bitcoin is not necessarily a negative, I see more people expecting bitcoin to keep dipping more than expecting it to rise.

Given the world economic situation and rising tensions in Russia and Ukraine, I don't think we will have a bull season anytime soon, so we should be ready for the worse than expecting a bull market. We cannot predict how bitcoin will move this year but at $20k I see fit to buy and hold long term.

For investors who have succeeded in selling Bitcoin at peak prices, they must consider the decline in Bitcoin prices not something negative,
because they can buy Bitcoin again at a low price. As for investors who buy Bitcoin at peak prices, of course the decline in Bitcoin price looks
negative and not expected. This means that depending on the situation of each person, so it is very natural that everyone will give a different
opinion about the decline in the price of Bitcoin. But many people agree that the Bitcoin price decline is only temporary, because Bitcoin will
always recover if the price drops.

So actually if we buy Bitcoin at peak prices we don't have to worry, as long as we don't sell Bitcoin at a low price and can be patient holding Bitcoin
until the price goes up again, looks like it could eventually turn a profit. So there's no need to focus too much on thinking if it turns out that this
year Bitcoin will still drop to a lower price, and we don't need to panic, we just need to focus on collecting more Bitcoins. So when the Bitcoin price
finally recovered and went back up, we can enjoy great profit.

[Kadal Ijo]

After we entered September or 9 months and the price of Bitcoin was only 1/3 of ATH that had happened, I thought the price of Bitcoin would be difficult to rise, as happened in 2021, even I was very grateful if the price of Bitcoin returned to $ 30k because it would be Many Altcoins will follow the positive trends of Bitcoin.

[arufox]

Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.

[GreatArkansas]

(....)
My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?

For me, it will hold, the lowest price of this year which is $17,625.00 for me is just a wick from the strong support of $20,000 level of Bitcoin which I can consider significant support because this was the top of the previous bull run around 2017-2018. So for me, I will not expecting Bitcoin again to create another new all-time-low.

[kryptocanon]

I am afraid Bitcoin might likely get to hit another low again as there is some bad news surrounding it, some not relatively direct crypto news but globe news. Examples are the ongoing war in Ukraine as Russia is likely to go wild, while on the other hand, is the CPI data yet to be announced by the US on cometh 15th of this month. Let's hope they both come positive.

[Smack That Ace]

I am afraid Bitcoin might likely get to hit another low again as there is some bad news surrounding it, some not relatively direct crypto news but globe news. Examples are the ongoing war in Ukraine as Russia is likely to go wild, while on the other hand, is the CPI data yet to be announced by the US on cometh 15th of this month. Let's hope they both come positive.

According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.

It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.

[Kelvinid]

Well for me at this point anything is possible when making a price predicton for Bitcoin.  I suspect many of us thought the price per Bitcoin would fall much further below 20k and we are very happy it hasn't.
I'm not the biggest fan of making negative BItcoin price predictions and I am still Bullish so I will say no to your question at the current point.

Apparently, we have no reason as well to think negatively because the market is still healthy despite the drop in price. Usually, we have this bear season after the market surge last 2021 and it was the time to face the bear season, perhaps, already experience this before. Thinking negatively hasn't resulted positively but more often it will also result negatively.
Just like you, I remains positive with the market but I was also prepared to what gonna happen next.

[bitcampaign]

I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

[Apocollapse]

I don't think it will go down lower than that because some of my friends who know how to analyze bitcoin prices said they would go up before the end of this year, usually the bear market will only last a few months, no more than that.

The first rule in investing is don't rely on other people including the self pro claimed experienced trader or investors, now you're already failed. I don't believe anything about your friends, if they're really good to analyze Bitcoin price, let them create an accounts in this forum and open a thread about price prediction, we will see how many correct or wrong prediction from your friends.

[tbterryboy]

Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.

I think the global economy is returning to normal and inflations are getting lowered again. That might be the reason why crypto prices are now recovering and by that I too don't think that 17k will be seen again. Those who bought at that level are lucky while I feel sorry for those who got greedy and didn't buy because they think the price could dump more. I like how simple you are.

It's okay for you that btc will be stable at 20k as long as it doesn't dip lower than that but don't lose hope just yet. There's still enough time for the bull run to occur and maybe it's starting to form right now since bitcoin's value is rising consistently these past days.

[ibuddy122505]

Even in the midst of global economic uncertainty and high inflation so far this year, I don't think the bitcoin price will ever hit the low of $17k again. I am optimistic that this year, although there may not be a bullish trend, at least the bitcoin price will be stable above $20k.

I think the global economy is returning to normal and inflations are getting lowered again. That might be the reason why crypto prices are now recovering and by that I too don't think that 17k will be seen again. Those who bought at that level are lucky while I feel sorry for those who got greedy and didn't buy because they think the price could dump more. I like how simple you are.

It's okay for you that btc will be stable at 20k as long as it doesn't dip lower than that but don't lose hope just yet. There's still enough time for the bull run to occur and maybe it's starting to form right now since bitcoin's value is rising consistently these past days.

Bitcoin's future movement might be wishful thinking, but nobody can predict it. Regardless of what you've done in the past, adjust yourself. Few sold their positions in the hope that things would get lower, but unfortunately it did not happen. There are more and more signs that the system is becoming difficult to trust; this might just be another trick to fool people and revive retail FOMO. As of now, we do not have any agreement with Bitcoin that 17k will never be seen again or that 20k will remain stable.

[Rana590]

Price of current market is still affordable and I think market will be starting to rise again in the early November. In my opinion, current stage is the last lowest amount and day by day it will be growing. So if you have deep intension to buy then it is the right time to enter market.

[BitDane]

Bitcoin's future movement might be wishful thinking, but nobody can predict it. Regardless of what you've done in the past, adjust yourself. Few sold their positions in the hope that things would get lower, but unfortunately it did not happen. There are more and more signs that the system is becoming difficult to trust; this might just be another trick to fool people and revive retail FOMO. As of now, we do not have any agreement with Bitcoin that 17k will never be seen again or that 20k will remain stable.

I agree, Bitcoin future price is very unpredictable.  Nobody knows what will be the price of Bitcoin in the next week, all we know is that the market is currently at the bear market so anything about price going down is  likely to happen.  But of course we cannot remove the fact the recovery trend of Bitcoin since it only need good news to change the current trend of Bitcoin market.