Will Bitcoin hit 2022 low again?

[EarnOnVictor]

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?

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[Upgrade00]

I'm indifferent on the outcome. We are about 4 months till 2023, and the price action in such a small window, does not factor much into the long term chart.

If I'm forced to pick a yes/no option. I'll go with No, as I do not expect us to break such support levels anytime soon.

[Charles-Tim]

Nobody knows if bitcoin price will plummet below $17500 or not, but I do not think bitcoin price can decrease below that price. I am lazy to do more searches this night, but according to what I have read like some months ago, I think Glassnode report, more holders are not selling at $20000, this would likely be a strong support this time. But if wrong, any loss would be an unrealized loss if the bitcoin is not sold, holding for like 2 years would be a good strategy to make significant profit in my opinion.

[arwin100]

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?

The damage will create more fear as the dump still continue to happen and I assume that we cannot see some great changes because many people right now are doubting about bitcoin's future especially that there's no big coming on it. Maybe for now we can experience a not good looking market condition because many are in questionable and there's less people will believe that we will have a bull run on next following month.

[EdenHazard]

The next 2-3 days gonna be a crucial one to determine whether are we going to continue the dump or enough the market responding the negative trend on how everyone anticipating mt gox dump in the coming months ... we stuck at $20k level since few days ago and it cannot last for long.

The market seems gonna backup for a while before the mt gox thing officially distributed and we might hit the all time low sooner. Just brace yourself.

[Fatunad]

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?

No one really knows and this is no some exemption whether you are a professional or a newbie trader because we do all the same thing which is to speculate and make out some analysis basing up on what we do have
encounter in all the years that we've been trading.We didnt even expect that we do able to see 20k price again and going even lower because we've thought that we might be seeing 100k price is a fast pace manner
but the market had proven out that we were wrong and now it do really leaves out that we do make out such analysis from time to time.Decisions made would be definitely be depending
on a trader or someone who do deal up with the market.

[Duzter]

The market is not the same as traditional stock market, it is completely different. This makes predictions get outlawed with different positive and negativity around the market. For now the price that fell down to $20k have once again bounced back reaching $20.2k which is a growth in short term. If the market is able to withstand the support level, we can expect slow progress from that point. For now this is good, but I find there is large chances for decline in market in the falling months.

[sheenshane]

I'd favor indifferent because Bitcoin price is unpredictable and no one knows where it goes the movement.
But I still have positive faith in Bitcoin that will break the resistance and can create a new ATH by next year, there are 4 months left this year 2022 and I think that's not enough for the price to move up IMO, and that's my personal opinion.

However, ain't surprising seeing the market that there will be a new ATH soon because this was already proven and tested that Bitcoin will always surpass the bear market trend, brace yourself and get ready for that moment, the anticipated moment that possibly will happen.

[Fundamentals Of]

I voted for I'm indifferent. I am truly indifferent to short-term price changes of Bitcoin. I have already been supporting Bitcoin and hodling for years. I survived the 2018 bear market which was a lot worse than this one we are in right now. I remained with Bitcoin when the price fell from $20,000 all the way to $3,000. Now that the price is $20,000, I don't think I'd be bothered to stick with it some more.

The possibility is open for Bitcoin to move to either direction.

[adaseb]

There is a lot of fud lately and global stock markets aren’t looking too good. The electricity in Europe is getting out of control, war is still ongoing, inflation is still high, shortage of workers still. Doesn’t look well for risk on assets like crypto and stocks.

Then there is the ETH merge and MtGox distribution which is not looking well. So yes it’s possible it can revisit the low. It was pretty close when it almost went to low $19K earlier.

[mk4]

In summary, if we were in a sort of "normal" economic state (most especially in the US), I'd say that we've bottomed. But since we're in an economic no man's land, there's a good chance that we're going to have a lower bottom.

[TravelMug]

I voted "No".

Don't think that we will hit another lower low for this year, I think $17,500 is the bottom already for this year. Next year might be different though, so we will see.

As for the reasons, I'm seeing that the bulls will not let it go down again, will maintain the $20k barrier which we did after going below it in the last 2 days. We we have regain the important support so we are good to sustain it. Perhaps the Mt. Gox is still something that we have to look at, but it seems that it is already price it at the rehab could be in fiat and other cryptos if I'm not mistaken.

[Frengki_cisco]

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?

Don't know for sure, the crypto market is hard to predict, what will happen next, but some speculation does say Bitcoin has decreased this year, but it is not specified exactly what the lowest price is, predicting $15k, $10k and so on, we'll see what happens.

[yudi09]

In the rest of 2022 Bitcoin will be able to hold above the lowest price that occurred in June. The market is very volatile. Yesterday it went down and now it's back up. Today goes up tomorrow can also go up again. This means that the market is not easy to predict.
It's a good thing when the market conditions are like that it's a long term buy because the economy isn't good right now.

[Lucius]

I would not rule out the possibility of a new price crash, because the terrain we are on now is very slippery and some new extremely negative news can have a very negative effect on the price. In addition, the majority of investors realized that we are in a bear market and that they cannot expect significant profits in the short term, which together with the news of inflation, which is measured in double digits, dissuades the majority of retail investors from deciding to invest in Bitcoin.

Moreover, many will be forced to sell part or all of the Bitcoin they have in order to pay bills that are getting bigger and bigger every month, and this will create even more pressure on the price. All things considered, the current price is more than good, although many are disappointed after they were convinced that the bulls had taken control and taken us to $25 000.

[Mpamaegbu]

Honestly, I'm indifferent to what price Bitcoin hits. Though my heart is a little selfish that it should go down a little more so I can leverage on its crash to buy certain altcoins I find high now. Beyond that, I'm okay with whatever price I find Bitcoin at now. I ain't perturbed a bit even if it goes down below $17,000 because I know it's going to soar pass its last ATH during the next halving year.

[Taskford]

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?

We cannot tell the exact thing that might happen in certain timeline ask by any individual but looking at how the market reacts towards the fuds spreading maybe we can say that there's a little possibilities that it will happen. But maybe the chance are so low because for sure the same other dumps there are whales who's willing to catch the knife and accumulate to fill their bags.

[Rikafip]

Voted yes as my gut feeling (which has been wrong many times before)tells me that we haven't seen the worse yet and I expect at least one more dump before we start slowly recovering. Having said that, even though I expect BTC to go below 17k by end of this year I am buying at these level (doing DCA) since price is still great and trying to time the bottom is fool's errand.

[Rufsilf]

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 is not quite sure, we know how volatile is the market and we can't just think that by tomorrow the same price we are able to see, changes may come always. In fact, we actually think that we even drop more after seeing the $18k in the 2nd quarter but look how the market is being unpredictable, the pumps come and it even stabilized at $23k in a few weeks before it drops again - and this is what we have faced now.

[Yaunfitda]

Hard to speculate what will be the price at the end of the year, our lowest is $17k and we are just barely out of it with the current price. If we have like $34k right now or at least doubled the last lows then maybe we might say that we might not see the price go lower. On the other hand, we are just $20k and we still have the last quarter, so many things can happen. Maybe there could be a negative news pulling the price to $16k. So it's better just to prepared for the worst.