Will Bitcoin hit 2022 low again?

[Silberman]

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.

Successful investors take into account every single possibility and then act based on the best strategy they have available at the time, while it's obvious I don't wish for the price of bitcoin to go any lower anymore the reality is that this is something which it may happen, and as such we need to be prepared for it, this way if we happen to see a drop which makes the price of bitcoin to go lower than the current low of this year we'll not be surprised by it and instead of panicking and selling our coins we may take the decision to buy the dip instead.

[darewaller]

I know that people are worried about the lows constantly, but the reality is that when we drop, we hit a bottom and then go to heights that we never did and then make a profit from that. I am not saying that we are not going to reach under 18k again this time, because we may do that, but after this bear run is over and we start going up again, we are not going to go down to these prices.

Imagine the situation that last time we had bear markets, we dropped FROM 20k and into as low as 3k levels, and then we reached 68k ATH, we dropped TO 20k, that's how bitcoin works, we will probably go to 100k+ levels next time and we will drop to 60k levels next time, it will be a huge drop, like 80% drop and will be to 60k, that's how bitcoin cycles happen.

[OgNasty]

Starting to feel like we may see new lows this week. Lots of bad news seems to be in the pipeline and support is buckling right now. Even though you know it’s coming, these bear markets show you no mercy. The question I think is on everyone’s minds now is how low can the price go before it turns around. I suspect the next volume spike will answer that.

[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?

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.

It is obvious you understand what the market is doing rather than those holders and traders that are too sentimental about only the bullish trend of Bitcoin. I voted for the hitting of the low of June immediately after I opened this thread/poll, and the feasibility of the market hitting the level is surer this week. The reality is there as the weekly and monthly charts remain bearish on the Crypto.

However, my bearish sentiment resumed last week Tuesday, and you might want to check/review my daily speculations at: https://bitcointalk.org/index.php?topic=5410763.0

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.

You are right, Bitcoin gained during Covid-19 surge, and this helped it till today. The pandemic made it gain more popularity and adoption while inflation was still nothing to the Crypto then. But the situation has changed, which is caused by its adoption by financial institutions, Defi and others. So, this forced it to be behaving like the real market, while its asset class is risk-on. Risk-on assets will always fall when there is inflation and uncertainties around the world's economy just as we see today.

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.

You are not just right about what you wrote here. First, Bitcoin will surely hit $17K soon, but I am not sure if it will break and hold below the level for a long. Second, don't misquote the successful investors, they know when to buy and sell their investments, which makes them successful. This is why they are good speculators rather than always being hopeful that their investment must yield. They always plan their risk management properly.

Successful investors take into account every single possibility and then act based on the best strategy they have available at the time, while it's obvious I don't wish for the price of bitcoin to go any lower anymore the reality is that this is something which it may happen, and as such we need to be prepared for it, this way if we happen to see a drop which makes the price of bitcoin to go lower than the current low of this year we'll not be surprised by it and instead of panicking and selling our coins we may take the decision to buy the dip instead.

You have expressed yourself sensibly, and I appreciate this a lot. No one should be a blind trader or speculator, we should be acting based on what we realize the market is doing. For now, it is all negative for Bitcoin, it might fall beyond what we expected.

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

You had better learn how to speculate the market properly rather than using the analysis of this picture attached. It will make you lose if you don't confirm it with other strategies.

Starting to feel like we may see new lows this week. Lots of bad news seems to be in the pipeline and support is buckling right now. Even though you know it’s coming, these bear markets show you no mercy. The question I think is on everyone’s minds now is how low can the price go before it turns around. I suspect the next volume spike will answer that.

Sure! The year low is more feasible than ever this week, and I voted "Yes" last month. I have the assurance that it would be hit before Friday. The CPI news of Tuesday has slipped the market back to the bearish trend, and I alert BTT members even before the news was released. You can read it here: https://bitcointalk.org/index.php?topic=5413398.0

[Marvell1]

Starting to feel like we may see new lows this week. Lots of bad news seems to be in the pipeline and support is buckling right now. Even though you know it’s coming, these bear markets show you no mercy. The question I think is on everyone’s minds now is how low can the price go before it turns around. I suspect the next volume spike will answer that.

There will probably be a new low this week when the Fed meeting will be held tomorrow. CPI announced last week did not decrease as expected, showing that the economy is still unstable. Most likely we will see the highest rate hike this year, I see many predictions that the Fed will raise rates to 1%. This helps the USD strengthen, other assets such as gold, stocks or bitcoin will continue to witness another round of dumping. Investors will continue to choose USD as a safe haven asset in inflation.

[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.

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.

Although it seems that the global economic situation is a bit normal, that doesn't mean the next phase of bitcoin's bull run is imminent. On the contrary, where the price of bitcoin has continued to decline recently, even though in early September there was little hope that there would be an increase where the price of bitcoin was above $22k. However, I am optimistic that the bitcoin price will not drop below $17k and will remain stable above $20k until the end of the year even though the current bear market is not over yet.

[minairia3]

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.

Although it seems that the global economic situation is a bit normal, that doesn't mean the next phase of bitcoin's bull run is imminent. On the contrary, where the price of bitcoin has continued to decline recently, even though in early September there was little hope that there would be an increase where the price of bitcoin was above $22k. However, I am optimistic that the bitcoin price will not drop below $17k and will remain stable above $20k until the end of the year even though the current bear market is not over yet.

Global economy still shows no signs of returning to normal, bitcoin continued to fall last week as CPI did not fall as expected and yesterday bitcoin fell below $19k on fears the next Fed rate hike will take place on September 20 and 21.

Many expected the Fed to increase 0.75% instead of predicting 0.5% when CPI fell in July, with this move meaning that the world economy remains volatile and interest rates rise too high could lead to a global recession. It is impossible to predict whether bitcoin will bottom or not yet, but can confirm to some extent, bitcoin this year will be difficult to grow, the target of $ 30k year-end for me is also becoming more difficult now.

[Aliem Nur]

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

[Sebas.tian]

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

I don't think, the price of Bitcoin will still reduce more than $20,000 before investors will start experiencing bullish season in the community, because there are some signs that show that the price of Bitcoin will increase higher soon. I think, it will be favourable for anyone to buy Bitcoin  and hold to watch because the price of Bitcoin can hit higher for those that bought when the price was $17,000 to start releasing their coins to make a passive incomes from their investment. I believe, bullish season will definitely show up before the end of this month of September, because the price of Bitcoin has moved from $18,000 to $20,000, showed that Many investors will smile  when the price hit $30,000 next week.

[Piesel]

We never can tell what direction Bitcoin price will go in the remaining 4 months in 2022, Bitcoin price is hard to speculate and that is why you should position your portfolio in a way that whatever the outcome maybe you will still be in a fair position at the end of the year.

Bitcoin has seen worst market conditions already this year and the $17k price was dip enough to be the lowest level Bitcoin could fall back to in this season, but then again anything can happen so we shouldn't base our argument on that but if I must also choose I will choose no as we already saw the worst market price stage at the moment.

[Davian144]

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

Who will confirm it if someone wants to buy at a moment of decline like now ?
I think everyone wants to buy at a cheap price and not many people will want to confirm it because when someone is wrong in giving advice to others, surely he will be very embarrassed and attacked by other people with words he doesn't want. So it's better to consider it yourself to buy anything because every job always has risks that must be understood from the start which doesn't have to blame others when things happen beyond our expectations.

[Ngemmeng]

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 think that soon we will see where the bitcoin price will move because it is impossible for the bitcoin price to be at a certain point for a long time. as we know if the price of bitcoin has been in the range of $ 20k for quite a long time. if it moves down maybe we will see bitcoin reach the point of $17k or even lower, but if it moves up it's likely that the bitcoin price will be able to reach a price above $25k.

[GeorgeJohn]

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

This is the best time to buy any cryptocurrency that you want to buy because bitcoin itself have the tendency of corrections anytime, so we don't have to wait until the time comes concerning Bitcoin, i believe that bitcoin is something that i believe that can be easily be invest on and have very big return or profit, if we experience a bullish market, so the price of bitcoins in 2022 never increase to our expectation, which i believe that. So since the price is in state of downstream, it's the time to purchase more and invest.

[milewilda]

the all time low in 2022 was $17000, and today Bitcoin is trading at a price below $20000 again,
to be precise in the $18000-$19000 range, of course there will still be another dump if negative sentiment comes again,
we have to be careful, my advice if want to buy Bitcoin and Altcoin, just wait for confirmation, maybe early October

This is the best time to buy any cryptocurrency that you want to buy because bitcoin itself have the tendency of corrections anytime, so we don't have to wait until the time comes concerning Bitcoin, i believe that bitcoin is something that i believe that can be easily be invest on and have very big return or profit, if we experience a bullish market, so the price of bitcoins in 2022 never increase to our expectation, which i believe that. So since the price is in state of downstream, it's the time to purchase more and invest.

Easy to say on buying but doing the actual action would be hard because it cant really be removed on someones mind that the price might go even more down.Right? Even into those people
who do have right experience or enough ones wont really be that too much confident in speaking with these kind of decision.Remember with year 2022 comes in then lots of people in the community
had really that kind of belief that we would really be having a good or bullish market on year 2022 but it turns out to be different and that what makes people do really that too hesitant
on buying because of those presumptions of possible things that might happen unexpectedly but well it is really just a normal thing.

[Pujangga]

If bitcoin calculated from the ATH position that has happened, of course the price of bitcoin has dropped by almost 70%, many analysts say that the 4-year negative trend is repeating itself, and this is what makes many people worry and choose to sell even at a loss.

[Oasisman]

If bitcoin calculated from the ATH position that has happened, of course the price of bitcoin has dropped by almost 70%, many analysts say that the 4-year negative trend is repeating itself, and this is what makes many people worry and choose to sell even at a loss.

What's a 4 year negative trend by the way?
Analyst is no different than speculators who's constantly predicting Bitcoin's next price movement. They aren't reliable and it's not even in the slightest chance of accuracy.
If a short bearish run would worry someone who owns Bitcoin and always have the thoughts of selling before anything else is getting worse, well I'm afraid Bitcoin is not for him.
Those "many" people are just looking for a short term high return and expected at the wrong side of Bitcoin.

[judaspriest]

Low Bitcoin price this year is at a price of $17.5k, of course that price is still very achievable,
because the Bitcoin price is still bearish, you can see in the market that the price of bitcoin is currently experiencing a dump of $20k,
and is now trading at $19k, for now it's clear we have to monitor it and have to put a stop lose, because if we lose $17k then $10k might come

[jaberwock]

We have almost reached 10 months but bitcoin's performance has not improved even today it drops below $20k, I hope that in september the price can touch $22k, then october can touch $28k, if the scenario happens then I believe the end of the year bitcoin price can back to $40k.

If we are talking about the whole journey of btc, btc have improved a lot but if we are talking about the this year only, I think it also improved but it is only a little because it is lowest this year was around $16k but as of now, btc is sitting at $18k. It's not that it only gained $2k after it dipped there but it also rise above $18k though we can't disregard the fact that btc is a highly volatile coin, that it can lose most of its gains if it not some.

We are already at September and I think we already touch $22k last week. Maybe you mean is if it's possible to end this month with a $22k price. Well, that is always possible as btc have been on this price many times before. For October and onwards, I am also optimistic about it since this was the final quarter.

[tbterryboy]

We never can tell what direction Bitcoin price will go in the remaining 4 months in 2022, Bitcoin price is hard to speculate and that is why you should position your portfolio in a way that whatever the outcome maybe you will still be in a fair position at the end of the year.

Bitcoin has seen worst market conditions already this year and the $17k price was dip enough to be the lowest level Bitcoin could fall back to in this season, but then again anything can happen so we shouldn't base our argument on that but if I must also choose I will choose no as we already saw the worst market price stage at the moment.

That is why it is smarter to always have some crypto and some fiat or at least income that you could use to buy more. That way you would be invested, but if it goes down then you would be able to buy some more with that money, if it goes up then you are in crypto and make profit. This allows people to be ready for both sides for sure, doesn't mean that it will always be like that, but it means that we could at least do something about it.

Profit is never guaranteed in the crypto world, and when it is deciding time to do whatever you need to do in order to make money, it is much better if you could end up with something much better in the long run, be ready for any possibilities.

[STT]

Check this sequence, I wasnt sure if it was declining or with negative bias but now I think we just made a higher low and it could turn out nice if completed.



Points to note would be we did not trade lower then 61% of the prior low to high and also we approach the weekly average on this 4hr chart.   So we have both that recent high and the weekly average to give us a good hint as to strength in BTC price action at this time.
   If we fail this test then by all means take the resolution as negative and expect a further bias downwards but its a fair measure seems like.