Will Bitcoin hit 2022 low again?

[justdimin]

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.

It is clear that whenever we drop, we find a way to recover and that would be pretty similar if we have any other drops in the future. Because, we do not want to see bitcoin low and whenever it drops people see that as an opportunity and they buy more which makes it go back up. Look at how quickly we recovered, just a few days at under 20k and then we are above it again.

I am guessing eventually people will be tired of selling and when those sellers are tired we are going to take over and we are going to end up with a recovery for sure. It is not going to be easy, but it could be done and we are going to end up with a good return when that happens, we just need to wait out the sellers.

[1715333865]

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[BobK71]

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

[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.

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.

that's why we avoid sharing with everyone and only I use it alone with the team for bitcoin price analysis not all of our analyzes are also 100% big profits so it's also necessary to keep emotions in trading, I'm just giving advice from my thoughts I don't oblige people to believe with me

[Sebas.tian]

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.

Yes,there are still opportunity to buy Bitcoin as you want in this bear market and hold because I don't think the price will still decrease more than this before it will increase higher for those that bought few months ago to get ready to achieve massive income from bull market. I think, there are some signs in the market that show that there will be massive pumping any moment from next two month that will help both long term investors and short term investors to smile again. I guess, it will be difficult for investors to miss this opportunity in this bear market to buy and hold for a bright future to come, because it will be difficult for investors to experience this low price again in the market.

[peter0425]

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

I'm afraid it is really happening ? or happened ?  21,000-22,000 in 90 days? remember that we dropped down to 17k last month and there are many chances or occasions that may bring more damage in the prices as there are so much bad news and negatives to happen.

Right now it looks very much like bitcoin could drop back to the previous bottom. But this chart looks like an accumulation, so I believe that even if we touch the previous bottom, it will all be within the existing channel. But if things go wrong and the stock markets start to fall even lower, then bitcoin will face another collapse.

the previous bottom is 17k level , and now it seems that we are going down below that level again and may be more lower because the trend is coming bad this year till next.

[EarnOnVictor]

Well, I always like to keep a positive mindset while looking at Bitcoin price charts. I ain't talking as a maximalist or something; I speak from an objective assessment.

Then you are not a good investor. You should not be a blind Bitcoin lover, it is smart to know when it will buy or sell so that you can plan your investments accordingly. This does not mean you don't love Bitcoin, you are just being smart about its trading and holding.

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.

If you know the true principles of trading, you would know that breaking a year's low is disastrous to any market, and Bitcoin is not an exception. This is not a bluff, it might record another low that might amaze everyone.

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.

This is speculation, it is not an affirmation that it must happen. Anyone dealing with BTC should learn this, they need to be a good speculator of how the market behaves and what it might do at a certain period of time. This is the rightest thing to do, rather than being optimistic all the time. What if the belief fails? The protection of your investment should come first.

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.

You are missing a lot of facts here, have you forgotten that many things can cause the fall of Bitcoin? Dumping is not the only thing that can cause the fall, many people might hold it but futures traders might sell it. Which will still cause a fall because of the negative sentiment in the market. Not to talk of the inflation news that is not favouring it?

[Wexnident]

I'm rather indifferent to it, but with the current state of the market, it wouldn't be odd for it to go below it. So far though without any stimulus, I think we're still going to hover at the 19k,20k levels. It can also be seen that most dumps past 18k are almost quickly recovered so as long as it isn't a big deal kind of stimulus, then the chances would still be pretty low, though not impossible. I don't think anything would happen even if it goes below it though, probably just a better entry point for investors by then.

[Rikafip]

If you know the true principles of trading, you would know that breaking a year's low is disastrous to any market, and Bitcoin is not an exception. This is not a bluff, it might record another low that might amaze everyone.

Well, that's the thing, I am not trader (like I mentioned in my previous post) so no, I wouldn't call it disastrous as I am into this for a long run so I don't really care whether bitcoin goes more down. I would  of course prefer it goes up, but if it doesn't, it will give me more time to get cheap bitcoin.

Thinking of it, the only pro crypto trader I know (this guy is living solely off trading for years) actually prefers bear markets as he is pretty good at shorting so I guess real traders don't care much, as long as there is some action going on.

[BALIK]

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

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?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

I also believe bitcoin will not go above 25k this year but if we talk about bitcoin has hit a low I don't think so. In my view, when it comes to the effects of events like the energy crisis or inflation, things are much worse. With the release of the US CPI index yesterday, showing that inflation has not shown any signs of decreasing, the reduction is considered insignificant for the Fed not to raise interest rates too high. If interest rates rise as expected up to 1% later this month, that will be news that sends all markets in the red and we could hit new lows from there.

[Wong Gendheng]

We have been running for more than 9 months and the market continues to decline compared to the position of the initial price of the year, but the thing that makes us optimistic is that the price will return to $ 20k when dropping below $ 20k, the most important thing is we focus on long -term goals and I'm sure in 2022 Market can rise even though it is not significant.

[maydna]

Today's market is red again, more than 10% and makes bitcoin price in the range of $20k, hope it doesn't fall below $20k, I always believe that bitcoin price will rise again, when the market is bearish then the best thing is to buy as much as we can then hold for long term or at least 6 months.

As of now, the bitcoin price is still at $20k but briefly touched $19k and then bounced back up again. Hopefully, the price doesn't go down to $18k or even lower, although the chance to go down is still there. But if that happens, we can do nothing but hold back and buy bitcoins again.

Meanwhile, we've already seen bitcoin price reach $17k as the lowest price, and we still don't know if it's the lowest price after hitting a new ATH last year or if it will drop back below $17k. In addition, many speculators say that the price of bitcoin could reach $15k, especially if negative news about bitcoin appears, but hopefully, that doesn't happen.

[btc_angela]

We have been running for more than 9 months and the market continues to decline compared to the position of the initial price of the year, but the thing that makes us optimistic is that the price will return to $ 20k when dropping below $ 20k, the most important thing is we focus on long -term goals and I'm sure in 2022 Market can rise even though it is not significant.

Because $20k is the most important support that we got, the last time it was broken, we went to $17,500 the lowest low for this year. And then we have a dip of $18k as well, but after that it bounce back to $20k and then to $22k. And we've seen in the last couple of days the impact of the CPI and now we are hovering that support line right now. So for now, I will say that we will not any price lower that $17,500 for this year. But we might be just around $20k again before another break out run at the start of next month.

[thecodebear]

I don't think we'll see a new low. Though the US Fed continuing to raise interest rates each month for probably the rest of the year will likely keep Bitcoin under $25k this year. And of course it is possible Bitcoin briefly charts a new low but unless something really bad happens I don't see it happening.

I expect early next year we'll see Bitcoin breaking out of this bottom range and heading to $30k in the first 2-3 months of 2023 if not sooner.

[Nrcewker]

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.

Yes if we see the past graphs, then it’s strong indicating that market will rise again at the end of October.
Those waiting for more low price, then let me tell you my friends that, Bitcoins can start climbing up any time, so if you manage to buy anywhere below 24k usd, then consider yourself as lucky.
Nevertheless Bitcoins will struggle in this price segment for few more weeks. Once it break the resistance, then we will definitely see an all time high in it’s price.

[Silberman]

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

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?

After an encouraging rise to $23,000 in September, bitcoin is once again looking towards testing the bottom. There is a lot of possible negative news ahead that could also affect Bitcoin and the entire market as a whole. From the long-awaited distribution of bitcoins to the affected investors of the MtGox exchange, ending with the Fed raising rates by 0.75% or higher. Fundamentally, bitcoin is very weak right now, selling pressure remains, and there are not enough new investors to support demand. We are still inside the global bearish trend and the probability of updating the bottom is extremely high.

As much as we don't like the current scenario we are experimenting this is the most sensible prediction, there simply doesn't seem to be any kind of room for an important recovery, so the best we can expect out of bitcoin is a sideways market and even that kind of market conditions are unlikely because of all the negative factors that are surrounding the economy and bitcoin in general as well, so the only thing that I can hope for is that whenever we see a further reduction in the price of bitcoin is that is not as bad as it could be.

[Fortify]

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

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?

It certainly feels like Bitcoin has followed the general trend economy downwards, but the worst times are yet to fully hit. When there was lots of cheap and readily available money, people got carried away and poured it into these risky assets. Now the belt is tightening and crypto simply has not been around long enough to show that it can weather a recession. Covid was a bizarre case and the financial crisis occured a year or two before bitcoin was even created. It feels like we are yet to see the lows that are coming as people need to cash out.

[Kadal Ijo]

I hope that the lowest price that has occurred in 2022 is $ 17k not happening again, seeing the trend that occurs in the market I am optimistic that the price will be in the range of $ 20k to $ 30k, the most important thing is now to focus on continuing to buy before bull run, Successful investors never think pessimistic.

[sayaya17]

I hope that the lowest price that has occurred in 2022 is $ 17k not happening again, seeing the trend that occurs in the market I am optimistic that the price will be in the range of $ 20k to $ 30k, the most important thing is now to focus on continuing to buy before bull run, Successful investors never think pessimistic.

I'm sure a lot of Bitcoin holders hope Bitcoin won't drop below $17k, because if the price of Bitcoin drops below $17k, there will be panic.
But no one can guarantee that Bitcoin won't drop below $17k this year, because after all no one knows what the lowest Bitcoin price will be
this year. We can only predict the movement of Bitcoin according to our own analysis, which is not necessarily accurate. So from that instead of
stressing about the lowest Bitcoin price, we better do something positive by collecting as much Bitcoin as possible. We do have to be optimistic
about the future of Bitcoin, and don't worry if Bitcoin finally drops below $17k. As long as we don't sell our Bitcoins at low prices and keep holding
Bitcoins, we haven't lost. After all, Bitcoin can always recover every time it experiences a price decline, so as long as we are patient holding Bitcoin
in the long term we can make a profit from Bitcoin.

[romero121]

The price that got close to $19k have not got pushed and are nearing $20k. Here Bitcoin will try to have its support level above $20k. This week we've reached the low and in the upcoming week this can go even low. The market is completely uncertain and something good in terms of adoption and real time usage in large scale will trigger the market to bounce high at the lowest time gap.

[STT]

Larger picture seems to over ride the smaller swings back and forth.   We are caught on the 200 week average and viewing the 200 day average decline from some distance.  Perhaps these two measures need to be closer before anything happens, as both are slow movers we will be waiting some time.    We are not negative so much as sideways in conclusion