Will Bitcoin hit 2022 low again?

[piebeyb]

I don't think we're going to meet another low and it's going to stay close to $20k either way below or above, so until things stabilize completely seeing the end of the year for things to gradually recover, I'm also not sure bitcoin will go below $12k

[jostorres]

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.

An atl is different from a normal low. Maybe there are no more new atl's this year because it's been a long time since btc didn't drop much below 19k again. There was a latest drop but it was only until 19k and the price then recovered by 1k after it.

It's not possible that only a continuous rise is going to be felt so there will always be another normal decrease that can occur within this year and one of the reasons for it is the mt gox that everyone is talking about lately. Following the updates about it can help you out to plan ahead if you are going to sell early but if you are going to buy more then you better accumulate enough money now.

[YOSHIE]

Almost all crypto users today are indifferent in the case of Bitcoin speculation or crypto in general, the average crypto user is confused at this time, many are speculating and hoping that Bitcoin in 2022 will drop at the level they want.

For me, I'm only optimistic for the current development of Bitcoin, of course I have my own judgment to do something about Bitcoin, especially in the field of investment and trading, hopefully my analysis is right.

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?

To this question, from the views, analysis, speculation, predictions of experts in the field of crypto and the market, I believe Bitcoin is lower than you would expect, regardless of the indifferent way people think.

[GeorgeJohn]

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?

This question is a question of assumptions and question of prediction. I believe that Bitcoin price concerning next year 2023 and the price of Bitcoin concerning this year December 2022 is not dependable or reliable to anyone. But some people will still make an assumption which is not supposed to be in such form. Actually concerning the area of Bitcoin price. I only want to let you know that the price of Bitcoin can rise above seventeen thousand (17k) for now the price is not constant and it's fluctuating.

[OgNasty]

I voted yes. I think in order for a strong base to be built you need a retest. It’s healthy for the market and helps clear out leverage. With the ETH2 unlock and the gox coins hitting the market, it would be pretty crazy for the bottom not to be retested. Unless a spot ETF gets approved in the next couple weeks, I think retesting the recent lows is inevitable.

[EarnOnVictor]

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.

I love the way you have explained this part of your reply before taking a side. The ETH merge is one big factor that many people are not talking about despite being the major factor that made cryptocurrencies rise in July. Though it might have been priced already, which might lead to no further effects. Let's wait and see.

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.

I'm with you on this, the weekly chart technical analysis also reveals this clearly.

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.

This is not a matter of being a professional or newbie, it is a personal question directed to everyone. But it shows that those traders did not speculate on this as they have called out $20,000 as a level that the market should not breach, but the level was still hit yesterday as the market bottomed at 19540.00 on the day. Speculation reveals possibilities and we have the wisdom to choose from the most preferred one, so my question here is speculative in nature, specific choices and detailed reasons would be appreciated.

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

Thank you for sharing your view. But stop believing it to hit an ATH next year, don't believe that Bitcoin will perform magic as the factors causing its current selling will not suddenly disappear.

The market is not the same as traditional stock market, it is completely different.

I don't agree with you, the crypto market has been inculcating into the mainstream of the financial market, so it behaves just like any other asset including stocks. It is all about knowing the factors that are causing a fall or rise through technical and economic studies. Stocks also have their challenges too, yet good analysis will point out the way.

[Bitcoin2009]

The unique thing if we look at the market is that it is difficult to go up and also difficult to fall, this seems like an ideal price range for anyone, but I'm sure 2022 will not repeat the negative 4 year trend that has happened, and optimistic to touch at least $45k .

[ethereumhunter]

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've seen what happened to bitcoin and the lowest price bitcoin has reached but the price of bitcoin can stay at its current level or even increase higher or even fall even deeper. Everything can happen because today's crypto market is very wild and unpredictable. However, we can still enter the market anytime we want, especially if we know when to buy bitcoins again. The important thing is that we should always be careful before making a decision and do our research so we don't make the wrong decision.

[GxSTxV]

No body will really know which direction bitcoin will take next few months left for 2022. This year it was a hard year for it after reaching high levels and even that the price is still strong even after reaching low levels. The chances of getting back stronger are higher

[Nrcewker]

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?

I don’t think Bitcoins will fall anymore.
I mean the recent manipulations in the price was due to the big whales penetrating the market for their profits.
But now on BTC has crossed 20k usd mark and tomorrow also new month starting, so basically the price won’t fall as can be seen.
If you haven’t purchased and waiting for a better price, then you might regret later, buy BTC less than 21k usd and I am very much confident that at the end of the month you will see a great and steady profit.

[justdimin]

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?

There could be 20% chances for having lower lows again this year and as per remaining 80% of chances, we may have $20k as a stronger support forever which means we may never get chances to breach into below $19500 levels forever. Unfortunately December or January month is known for low price of 4-year cycle to happen. But, in this cycle, we did not have ATH on December hence low also may not happen on usual month as per my guesswork.

If you haven’t purchased and waiting for a better price, then you might regret later, buy BTC less than 21k usd and I am very much confident that at the end of the month you will see a great and steady profit.

I remember there rumours about getting into $15k to $12k levels hence some people might have been waiting for such prices to enter. I agree with you that we may not get chances to break the low price here after. We just need to go for DCA to avoid later regrets.

[Pierre 2]

I think there is a slight chance of Bitcoing hitting somewhere around 15000 dollars but there should be some terrible triggering news for it to happen. There is huge support in 20000 dollar level for sure but it was easily broken couple of days ago. I feel like we may only see 1 or just 2 more dips this year and there will be bull market period following it. This is my overall wild guess about Bitcoin's price movements.

[Shasha80]

I think there is a slight chance of Bitcoing hitting somewhere around 15000 dollars but there should be some terrible triggering news for it to happen. There is huge support in 20000 dollar level for sure but it was easily broken couple of days ago. I feel like we may only see 1 or just 2 more dips this year and there will be bull market period following it. This is my overall wild guess about Bitcoin's price movements.

If we look at Bitcoin has always failed to rise above the $25k price in the last few months, and several times dropped below the $20k price.
This means that worse things can still happen this year, as you said Bitcoin could suddenly drop to touch the price of $ 15k. If that happens
it can make the market worse and panic selling will happen again, therefore I really hope Bitcoin will never drop to the price of $ 15k this year.
My advice instead of us thinking about the lowest possible price Bitcoin will reach, and that only makes us even more hesitant to buy Bitcoin right now,
it's better to just focus on collecting Bitcoins. Because after all Bitcoin is the best cryptocurrency and always recovers no matter how low its price drops.
It will provide more benefits for us if we focus on collecting as much Bitcoin as possible from now on, we can imagine if Bitcoin suddenly recovered,
then we would make a big profit.

[lienfaye]

I'd like to believe the price of Bitcoin won't go below the support level, however we know in crypto anything is possible to happen and there's no certainty in every prediction.

So I would yes it can happen, it can go lower further because there's no happenings or news that can influence the price to move upward. There's still an economic crisis that can affect the people on their decision to invest in crypto since there are other things to be focus on. Anyway we still have few months before this year end so lets see if there's a huge changes that will happen.

[Oasisman]

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?

I'll go with a no.
2023 might not going to be bullish either (most likely) as the global economy is still suffering from brutal inflation. Once Bitcoin will have a recovery next year it would be more likely to just hover around $30k. However, Bitcoin could drop below $20k as well.
We can't really have a definite conclusion, but let's see what comes around for Bitcoin next year. We are just merely giving out our prediction base on the past and current situation.

[Reid]

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?

My wish is for that thing not to happen. Keep the resistance at this level and promote Bitcoin more in different platforms so that it's value won't go down.
Because once another dump happens we can see a lot of negative speculations again and FUD will spread more.
This kind of outcome will not just affect Bitcoin but it will plague thru all the altcoins that is out there. So it better just stay on it's path while we are waiting for our economy to go back to normal or even just near it.

[Don Pedro Dinero]

After testing this year's low, there were a couple of times when it looked like we were going to go down and pierce a new low but we did not. I don't rule it out as impossible, but I see it as very unlikely, as the price is cheap, and the lower the price goes below 20,000 USD the cheaper it looks, so more buy orders are triggered.

In any case, in the unlikely event that we were to break a new low, I believe that there would be a quick rebound to the 20,000 USD area or higher, because of the above.

[EarnOnVictor]

Don't think that we will hit another lower low for this year, I think $17,500 is the bottom already for this year.

Did you consider the strong bearish signals on the monthly and weekly charts of BTC before concluding on this decision? Please, check. As for me, there is nothing encouraging a bullish trend for now.

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.

Try to use higher charts for your analysis to avoid mixed speculations.

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.

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.

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.

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.

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.

I advise you to work more on your technical analysis, it will help you to be definitive in trading. It is strange to me to read from you that the market is unpredictable when I always know what the market does every day through technical studies.

You might want to be regularly visiting my topic on the daily speculation too: https://bitcointalk.org/index.php?topic=5410763.msg60805590#msg60805590

[Mpamaegbu]

~snipped~

This will be disastrous for Bitcoin as it might be aiming for lower levels around $10,000 after this breakout.

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. Having watched what Bitcoin has become since coming into this industry, my opinion is that whatever price Bitcoin dips to it will surely rise and surpass its previous ATH. BTW, I don't see anything disastrous even if Bitcoin goes below $10k.

[BlackBaron]

Bitcoin development today continues to decline, has reached the level of $ 19,900, this indicates that the decline has entered a percentage from before, My speculation states Bitcoin this year's lowest level could occur 'yes' I believe the end of the year will experience clarity for the actual Bitcoin price, lows.