Will Bitcoin hit 2022 low again?

[TravelMug]

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

It won't below $19k now, and it seems there is a selling pressure on the market. Not sure what is the reason for another -2-3% decline in the last 24 hours, but it seems they know something about the fed rate hike that can affect again the market short term.

So who knows, we are in the bearish mode, the sentiments are down. I guess $15k might be the first support line before we can break even lower.

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[Oasisman]

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.

Bitcoin's performance is never the question and it's even consistently improving since day 1. It's high volatility in a daily basis is the proof that Bitcoin market rather performance is healthy and improving.
Now, talking about Btc price, in contrary  to your belief, I don't think Bitcoin will hit somewhere near $40k this year. Let alone $30k, as we are now experiencing a long bearish run. This could be similar to the 2018 bearish run.
Global economy is also struggling. Most people probably would stay away from investments as the income is reduced.

[BobK71]

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.

Bitcoin's performance is never the question and it's even consistently improving since day 1. It's high volatility in a daily basis is the proof that Bitcoin market rather performance is healthy and improving.
Now, talking about Btc price, in contrary  to your belief, I don't think Bitcoin will hit somewhere near $40k this year. Let alone $30k, as we are now experiencing a long bearish run. This could be similar to the 2018 bearish run.
Global economy is also struggling. Most people probably would stay away from investments as the income is reduced.

When the global economy is in abatement, there is a slowdown in investment-based platforms. Just a few days ago, a US report said. Next year 2023 the world economy will go through recession. Since then, there has been volatility among investors. And in this situation there is no chance for Bitcoin to rise up. Due to which Bitcoin is falling into a long bearish condition.

[yudi09]

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.

September 20 Bitcoin rose above $19K price after the previous day Bitcoin price was below $19K. September 22 or today from the daily chart, the low price of Bitcoin is at $18,290.32 and the high is $19,674.63.
The struggle to bounce back from the downturn is still going on, so please understand.

Bitcoin is in price decline and we should not be affected by the market price situation. It should be realized that a lot of technical analysis is provided by experts regarding the decline in the price of Bitcoin, but holding Bitcoin for the long term is something that needs to be done.

[bestcoins1]

September 20 Bitcoin rose above $19K price after the previous day Bitcoin price was below $19K. September 22 or today from the daily chart, the low price of Bitcoin is at $18,290.32 and the high is $19,674.63.
The struggle to bounce back from the downturn is still going on, so please understand.

It should be understood by those who are still not familiar with Bitcoin, but for people who have been familiar with Bitcoin for a very long time and have taken more profit through Bitcoin in the past. It is clear that they will understand the condition of Bitcoin at this time because they already have a love for Bitcoin if they have to release it at a low price like now.

Bitcoin is in price decline and we should not be affected by the market price situation. It should be realized that a lot of technical analysis is provided by experts regarding the decline in the price of Bitcoin, but holding Bitcoin for the long term is something that needs to be done.

Obviously it has to be done because those who already have a love for Bitcoin will definitely hold Bitcoin for the long term, at least until the desired price target is reached if they really have to release Bitcoin back into the market before buying again in a downturn.

[RealMalatesta]

When the global economy is in abatement, there is a slowdown in investment-based platforms. Just a few days ago, a US report said. Next year 2023 the world economy will go through recession. Since then, there has been volatility among investors. And in this situation there is no chance for Bitcoin to rise up. Due to which Bitcoin is falling into a long bearish condition.

I believe it will unfortunately not be over anytime soon neither. Last time we had such a crisis it was end days of 2008, we have been going through it for a while now so we are not there yet, but it took nearly 2011 to 2012 before we could go back to normal, which means that it could take as long as 2024 for us to start healing and 2025 before we see strong economy.

It will have to be grinding for a year at least, and that means 2023 will be very hard, between inflation followed by recession not that many people will have money to invest. Most of the world will have to work towards making sure that they are surviving and not making bigger debt, not investing.

[worldofcoins]

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's already visible that bitcoin is staying under 20k for a long time now.
I think it has a good possibility to hover around 40k if not 45k by the end of this year.

I think the lower lows of bitcoin pre-2023 would be around 15-16k US dollar.

[btc_angela]

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's already visible that bitcoin is staying under 20k for a long time now.
I think it has a good possibility to hover around 40k if not 45k by the end of this year.

I think the lower lows of bitcoin pre-2023 would be around 15-16k US dollar.

So bitcoin hovering under $20k is not a good sign. I mean it's getting close to the lowest low of $17,500. So there is a big possibility that a negative news can affect the market and pushes it down.

But as far as $40k-$45k, I doubt that it will move like that in the next 3 months. We will remain bullish all throughout. I don't like to sound very negative but it seems this is what we are moving right? So just monitor and be vigilant and learn how to take advantage, learn when to buy more.

[iamsange]

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.

If they still believe that this 4 year negative trend is repeating itself, why do they even want to sell at a loss at this time because if they believe in the trend. So they also have to believe in the Bullish trend which also occurs every 4 years in Bitcoin. And they should have waited very patiently for it to be able to sell because of profits and not sell because of losses as in current conditions.

The problem is in the belief in what the experts say and also in the patience that everyone has at this point. Because they can still survive without selling Bitcoin at a cheap price as long as they can still eat and drink for every day.

[Tony116]

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's already visible that bitcoin is staying under 20k for a long time now.
I think it has a good possibility to hover around 40k if not 45k by the end of this year.

I think the lower lows of bitcoin pre-2023 would be around 15-16k US dollar.

I think the opposite, $40k target by year end is a pretty high expectation, even $30k is very unlikely and we will have a bottom of 15k-17k by 1Q 2023. Because then the Fed's interest rate will almost reach the maximum level if they continue to maintain an increase of 0.75-1% from now until the end of the year. Things will not get better while the Fed raises interest rates and the economy is likely to go into recession, Bitcoin and all other financial markets will only recover when the economy shows signs of recovery.

[Vinaa77]

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?

Unstable global economic conditions have made the crypto market slump. In particular Bitcoin has dumped approximately 70% of the ATH price. I think 2022 is not a good year for crypto. I predict Bitcoin will close at a low of $15k this year. The market has not stopped to continue to dump. We pay attention to the chart, more experienced a decline than at the pump.

[yudi09]

~snip
Bitcoin is in price decline and we should not be affected by the market price situation. It should be realized that a lot of technical analysis is provided by experts regarding the decline in the price of Bitcoin, but holding Bitcoin for the long term is something that needs to be done.

~snip
Obviously it has to be done because those who already have a love for Bitcoin will definitely hold Bitcoin for the long term, at least until the desired price target is reached if they really have to release Bitcoin back into the market before buying again in a downturn.

They are basically aware that holding Bitcoin for the long term is the solution, but there are certain conditions that force them to sell when the price is falling. It could be because of economic difficulties to meet urgent needs, considering that the world after successfully getting out of the virus is again dealing with global problems and efforts for world economic growth.

[yohananaomi]

from the choice questions the op asked, I've obviously voted "Yes", and this seems to be the most choice. why I chose it, I don't think it's clear there are indicators that make me feel confident, that there will be changes to improve soon. because since the beginning of June this year, the movement is clearly seen to continue to decline and can't go back again to reach prices above $30K.
so it's possible to hit a low level is possible, but it's actually to create a jump, so that it can start moving upwards at the beginning of next year, and will continue until the halving passes.

[BobK71]

from the choice questions the op asked, I've obviously voted "Yes", and this seems to be the most choice. why I chose it, I don't think it's clear there are indicators that make me feel confident, that there will be changes to improve soon. because since the beginning of June this year, the movement is clearly seen to continue to decline and can't go back again to reach prices above $30K.
so it's possible to hit a low level is possible, but it's actually to create a jump, so that it can start moving upwards at the beginning of next year, and will continue until the halving passes.

Ups and downs are very common in crypto crypto currency or we call it's religion. In any circumstances it can go to down to it's lowest level. Many investors may be waiting for the more dip but that moment may come or not. Since the current bearish affect the whole crypto market it will be proper time to accumulate more assets, In this concern DCA method will be consider as good strategy.

[Lambe Ndumble]

Today the Red Again Market and have been more than a week of bitcoin prices below $ 20K, I hope the market will immediately rise so that it can profit again, another impact is of course the number of altcoins that drop significantly so that it makes us more loss.

[yudi09]

Today the Red Again Market and have been more than a week of bitcoin prices below $ 20K, I hope the market will immediately rise so that it can profit again, another impact is of course the number of altcoins that drop significantly so that it makes us more loss.

Maybe September will end with a price below $ 20K or another possibility can also happen, namely the opposite. $19K is not the lowest level for some experts in assessing market activity. So don't be surprised if many are still waiting for the price of Bitcoin to drop to a price below $18K.
I don't want you to follow the results of many expert analyzes, because they are not necessarily accurate.

[|MINER|]

If you look at the way the market is collapsing, it is not unusual for the price of Bitcoin to go down further in 2022.  But I think Bitcoin can create a good resistance zone between 17k to 20k and use it well later. But I also think that current situation also a good dip for long-term investment if anyone can invest now and can hold for 2years then I think he could easily earn 2x or 3x profit.

[SirLancelot]

Today the Red Again Market and have been more than a week of bitcoin prices below $ 20K, I hope the market will immediately rise so that it can profit again, another impact is of course the number of altcoins that drop significantly so that it makes us more loss.

Maybe September will end with a price below $ 20K or another possibility can also happen, namely the opposite. $19K is not the lowest level for some experts in assessing market activity. So don't be surprised if many are still waiting for the price of Bitcoin to drop to a price below $18K.
I don't want you to follow the results of many expert analyzes, because they are not necessarily accurate.

We still have 4 days left before we end this month of September and the price now is currently at $19k. It can be clear that the movement of the price is moving upwards therefore I believe that we can break $20k in no time and then the recovery will continue in the month of October. $19k is really not the lowest. We even reached $18k and $17k last time.

It's fine if they can expect lower than those numbers because here in cryptos, not all of us are the same and can unite when it comes to price predictions. If we don't have a prediction on our own I think we can just follow on what the majority is seeing/saying, as that can be more likely.

[Vaskiy]

Bitcoin tries to keep the support level at $19k, failing it can make bitcoin reach down to the previous all time low of the year. The market is completely unpredictable, and now price of bitcoin is around $19200. Weeks back price is predicted to go down, but the support level got maintained. There is more chances of downward movement with bitcoin considering the year end bullish move.

[EarnOnVictor]

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 really believe that bitcoin will go down more before this year ends. There are many factors why I'm thinking that way. National currencies of many countries continuously collapse because of the strengthening US dollar. The continues rate hike in the US also affects other countries' economy. There is also this looming world war 3 because Ukraine recently applied for NATO membership.

The factors I said may not be related to crypto but those events affects the whole global market.

Your points are so valid, but might not cause the persistent pressure on Bitcoin anymore as the mentioned factors are well priced-in. I was with a bearish view on Bitcoin until the last days of September, I am no more a bear. My decision was not because the market is bullish in the long-term disposition but for the fact that Bitcoin is already low, and institutional buyers and holders are queuing at lower levels to help it buy. This is why Bitcoin would try to sell after breaking important support levels, but would still not be able to maintain the selling until the buyers would take over in short-term disposition. This should continue for the rest of the year.

Bitcoin tries to keep the support level at $19k, failing it can make bitcoin reach down to the previous all time low of the year. The market is completely unpredictable, and now price of bitcoin is around $19200. Weeks back price is predicted to go down, but the support level got maintained. There is more chances of downward movement with bitcoin considering the year end bullish move.

In all of my recent analyses, there is no strong or even valid support at $19K, you might want to explain better on this if you have strategies to back this up, let us learn from you. The level was just a coincidence to see the price of the market around it. The most valid support is now at $17,000-17,500 and might be defended by the Bulls as long as possible.

Frankly, Bitcoin might find it difficult to breach the level for the rest of this year, but will still might not make a tangible bullish run till 2023.