Will Bitcoin hit 2022 low again?

[savetheFORUM]

We are almost at the end of 2022. The market is a bit stable at a time when Bitcoin is supposed to be in an uptrend. There are various logical reasons for this. War and inflation in particular have been the biggest obstacles. Crypto analysts feel that the coming year is going to be a challenging year for crypto. Where economic recession has to be fought. In that direction, the market is likely to go down further.

I agree that it's not as simple as people make it out to be, I am not saying that it is an easy thing or a difficult thing and what not, but it is certainly something that is not as easy as "there was war" because there are a lot of details of that war, and it's not as simple as "there was inflation" neither because of details.

USA got into Afghanistan and out and nobody really cared, that wasn't the war people cared, this is a war where west vs Russia happened again, and that's a big deal, that detail is important, we had inflation but many people failed to work for months, and failed to pay stuff without help from printing trillions, so it's not just that simple.

[uneng]

Below all the moving averages, its less clear on a daily bar this is only 4hr but I find 4hr is high enough a time frame often to point to wider moves that might continue.   If Asia corrects us back above 19.5k in a few hours then consider it a false move but if it should snowball into a bigger sell then it looks bad.

Asia will be open or at least the traders will be waking up in the next couple of hours. Yes, for now it doesn't look good but we are still above $19k-$19,100. At least that is good enough sign that we will not go below that price again.

I guess the negative news about a hack on some altcoin platform really affected the price again to go below $20k. Nevertheless, a bounce back is imminent and so I don't think there will be a big sell off that will push the price. We just have to be patience and positive that we can recover to our biggest support of $20k.

Support is strong at 19,000$, but it is unlikely for now that bitcoin is going to surpass the 20,000$ resistance line and keep stable above that price. At least that is what most recent tendencies show us, because as soon as btc approaches 20,000$, the price suddenly and sharply falls down to the support level.

Unfortunatelly minor news are maintaining bitcoin's price downside, while what we need in fact are positive major news to change the tendency upside.

I guess this year is lost already. Maybe next year holds a brighter scenario for crypto (I hope so).

[yudi09]

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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.

Bitcoin closed September with a low of $19.573.43 and $20,109.85 being the high. October 1, we opened the price is also not much different, namely $19,431.10 and until now Bitcoin is still at a price of $19,078.50.

But take it easy seeing market conditions because we admit that there are some obstacles that may be being faced that make Bitcoin's movement slow down a bit than we expected. Just manage finances to add to our future investment portfolio. That's probably one of the best ways

[posi]

I believe that every trader and investor should remain optimistic about the market now and in the future. Price correction can happen and vice versa better potential can also be achieved, that is the most likely thing to happen to bitcoin.

I finally have to say YES, bitcoin still has the potential to bottom out again for the rest of 2022. But before that, I have to assure you that $20K - $30K is also very likely to be expected. The current bear market will not last forever, market recovery is expected but of course we are always in two possibilities so speculations about the future of prices are being discussed all the time. I don't expect the price to drop to $15K for the rest of the year, but who knows.

Some people believe that a real bear market has not yet started and that we are now at the threshold of one. Many economies are experiencing bad times, but stock markets have not yet fallen as hard as they have in previous crises. Yes, I agree that a bear market cannot last forever, but I see more optimism in 2024 after another halving.

Are you sure you didn't mishear, bitcoin is down 70% and all altcoins are down 80% to 90% but we are not in a bear cycle yet. If what you say is true then those people really have an extremely optimistic and admirable spirit.
Maybe we haven't hit the bottom of bear season yet but it can be said that this year is really a bad year because we have had to go through a lot of bad events in the world. I hope everything goes by quickly and that 2024 is really what we look forward to the most.

[BobK71]

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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.

Bitcoin closed September with a low of $19.573.43 and $20,109.85 being the high. October 1, we opened the price is also not much different, namely $19,431.10 and until now Bitcoin is still at a price of $19,078.50.

But take it easy seeing market conditions because we admit that there are some obstacles that may be being faced that make Bitcoin's movement slow down a bit than we expected. Just manage finances to add to our future investment portfolio. That's probably one of the best ways

The biggest obstacle for Bitcoin's progress is now inflation. And the Ukraine Russia war is responsible for this inflation. So no green signal will be available as long as this situation is not changed. Moreover, the trading platform is never stable. If there is no good conversion, it must go to the down. In that direction, it seems that the market may be dip again.

[$crypto$]

Bitcoin closed September with a low of $19.573.43 and $20,109.85 being the high. October 1, we opened the price is also not much different, namely $19,431.10 and until now Bitcoin is still at a price of $19,078.50.

But take it easy seeing market conditions because we admit that there are some obstacles that may be being faced that make Bitcoin's movement slow down a bit than we expected. Just manage finances to add to our future investment portfolio. That's probably one of the best ways

October won't be much different from the previous month I think it's still the same thing with prices below $19k because it's not too much to expect an increase even though some say with UPTOBER it's still far from possible to see bitcoin go up again, trust me bitcoin still in a prolonged bearish period with no time limit.
I wouldn't worry about falling market conditions, for example, I'm more convinced of the opportunity to increase my portfolio in these easier times because I'm not looking for trouble just thinking about where the price is going, so it's more important to increase the addition of Bitcoin regularly now.

[bestcoins1]

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

What does "share the lost Bitcoin with users" mean? Can you explain it in full here and provide news about the rumor here? Because I never thought that within this year there would be a distribution of Bitcoin to users who had lost Bitcoin. Although it is clear that inflation exists and is currently happening, so that it does not only affect Bitcoin, but also other assets and currency values are experiencing the same thing.

[yohananaomi]

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

it will always happen, my friend, because right now the whole world is in an economic crisis because of very high inflation, which causes purchasing power to continue to fall and decrease. many countries could not avoid the attack of this crisis and even the World Bank estimates that next year is the peak of the crisis will occur.
so I agree to always continue to be careful the possibility that bitcoin might go down again even though it won't drop drastically below $10K.
there will always be a tradeoff from falling prices that there is an opportunity to save more but it must be remembered that the bull market season will certainly be long.

[yudi09]

The biggest obstacle for Bitcoin's progress is now inflation. And the Ukraine Russia war is responsible for this inflation. So no green signal will be available as long as this situation is not changed. Moreover, the trading platform is never stable. If there is no good conversion, it must go to the down. In that direction, it seems that the market may be dip again.

Inflation could be part of the slowing down of Bitcoin. There is another more probable cause, namely the CPI report. The increase in inflation that occurs could be the last thing according to the observations of the Federal Reserve.
Today, the Bitcoin price chart in a matter of 24h has also increased from $18.3K to $19.8K. A normal situation in my opinion amid the inflation problem that occurred.

What is conveyed is only a study that I got from several readings that I read and of course there are many other sources with a stronger level of accurate data.

Bitcoin closed September with a low of $19.573.43 and $20,109.85 being the high. October 1, we opened the price is also not much different, namely $19,431.10 and until now Bitcoin is still at a price of $19,078.50.

But take it easy seeing market conditions because we admit that there are some obstacles that may be being faced that make Bitcoin's movement slow down a bit than we expected. Just manage finances to add to our future investment portfolio. That's probably one of the best ways

I wouldn't worry about falling market conditions, for example, I'm more convinced of the opportunity to increase my portfolio in these easier times because I'm not looking for trouble just thinking about where the price is going, so it's more important to increase the addition of Bitcoin regularly now.

Worry need not be too big when looking at the current situation. Only long-term hold will make us safer. We'll see, maybe there will be a surprise this October.

[EarnOnVictor]

The biggest obstacle for Bitcoin's progress is now inflation. And the Ukraine Russia war is responsible for this inflation.

Yes, inflation is a big factor that is affecting the risk-appetite Bitcoin and will continue to do so. But I don't agree with you that the Russia-Ukraine war is the sole cause of it. Bitcoin has been falling due to inflation before the war, it only aggravates it.

it will always happen, my friend, because right now the whole world is in an economic crisis because of very high inflation, which causes purchasing power to continue to fall and decrease. many countries could not avoid the attack of this crisis and even the World Bank estimates that next year is the peak of the crisis will occur.
so I agree to always continue to be careful the possibility that bitcoin might go down again even though it won't drop drastically below $10K.
there will always be a tradeoff from falling prices that there is an opportunity to save more but it must be remembered that the bull market season will certainly be long.

As much as I love to support the selling of BTC because of inflation and the economic woes around the world, things are now changing as BTC is not ready to break some lows anymore. I was a core supporter of the crypto hitting the 2022 low at 17625.00 again, but the situation that unfolded in September made me change my stance. I am now neutral on it hitting the level until further notice.

Bitcoin closed September with a low of $19.573.43 and $20,109.85 being the high. October 1, we opened the price is also not much different, namely $19,431.10 and until now Bitcoin is still at a price of $19,078.50.

But take it easy seeing market conditions because we admit that there are some obstacles that may be being faced that make Bitcoin's movement slow down a bit than we expected. Just manage finances to add to our future investment portfolio. That's probably one of the best ways

October won't be much different from the previous month I think it's still the same thing with prices below $19k because it's not too much to expect an increase even though some say with UPTOBER it's still far from possible to see bitcoin go up again, trust me bitcoin still in a prolonged bearish period with no time limit.
I wouldn't worry about falling market conditions, for example, I'm more convinced of the opportunity to increase my portfolio in these easier times because I'm not looking for trouble just thinking about where the price is going, so it's more important to increase the addition of Bitcoin regularly now.

You are right, just like what I just replied in a comment, BTC can't do much this year again unless there is an event that really shakes the crypto space. But such an event will hardly happen, it's inflation that is affecting it and it is nearly priced completely for the year.

[Chainsmokers]

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

Market in 2022 there is a negative trend and until now there is no sign for rising, this is a sign that in 2022 repeats the bad trends that always occur every 4 years after Bitcoin reaches ATH, there is no many choices than hold and be patient because if we sell now of course of course we lose money.

don't sell make sure you hold it for the next 4 years, because if you sell it now you will definitely regret it later,
we have entered the last phase of the season, hopefully early 2023 there will be good news for crypto currencies and of course bitcoin can return to $50k.
because the bulls will return if $50k is passed and Bitcoin can reach new ATH $100k? yes it will happen!.

[lixer]

I believe that every trader and investor should remain optimistic about the market now and in the future. Price correction can happen and vice versa better potential can also be achieved, that is the most likely thing to happen to bitcoin.

I finally have to say YES, bitcoin still has the potential to bottom out again for the rest of 2022.

No one should be optimistic yet about Bitcoin, such might be disastrous. What I could advise is for everyone to always reanalyze the market on the daily basis, which is the only way we will not make mistakes. The Bitcoin that was bullish yesterday might be bearish today, so we have to be careful and dynamic.

I am bullish and I am not really keen on waiting, realize that bullish trend people do not really worry about it when it is bearish. Because, when you want bullish but bear happens, you can buy more and wait for the bull to come, the opposite is not possible.

If you are a bearish person and it goes up, you missed your chance, you have to wait for it to come down again and up again, we wait only the up, they wait down and up back to back, which is a lot harder and takes a long time. We had a huge crash, from 68k to under 20k, it’s not really shocking to expect it to go back to 60k+ which means that there is a good chance I will make 3x profit, I just don't know when.

[AmoreJaz]

Everyone will explain what it takes to understand the root of cryptocurrency, so i believe that cryptocurrency have to do with time Factor and people investing into it for the price keep on going higher, so i believe that cryptocurrency can go higher and also can equally go low depends on the time frame, so now i believe bitcoin itself have a particular period it changes shape increment and decrement, so it can continue to go low, because it's not meant to be going low instead of higher.

a lot of crypto holders have the same sentiments as they strongly believe that in the near future, btc will have good market performance. if you are long enough in this market, you won't think that btc will reach its end rather it will go stronger. and with that in mind, you will think that the price will increase in the coming years. we may be stagnant with the increase this year, but there's hope in the coming years as adoption is growing stronger. but thinking of the low price level this year, we can't determine if this will happen or if we will get out of this before the year ends.

[STT]

Price action is struggling to break upwards right now so I would guess no.  From the depths of Thursday BTC recovered to challenge once again the weekly average and rising trend for the last couple months.  The fact its still trying to ascend upwards even if we are under the ice, we may yet break back above and regain positive attitude in BTC price charts.   

4hr bars are probably the best concise way to state a trading movement.  Its not positive but still struggling, more then one fish caught got back in the sea despite appearing to have lost the fight I view BTC quite similarly right now still a rigorous struggle ongoing.

[BobK71]

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

Market in 2022 there is a negative trend and until now there is no sign for rising, this is a sign that in 2022 repeats the bad trends that always occur every 4 years after Bitcoin reaches ATH, there is no many choices than hold and be patient because if we sell now of course of course we lose money.

The global economy is not doing well. Moreover, there is a threat of economic recession in the coming year. At the moment Bitcoin is not simply bullish but have the possibility to get long bearish. Again, there is a big risk of losing money if Bitcoin is sold at this time. The most reliable strategy at this time would be to buy bitcoins and hold them for a long time. If Bitcoin investors follows a 4-year cycle then of course it would be profitable.

[bitterguy28]

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?

Looking at it now?

52 Week Low / 52 Week High   
$17,708.62 /
$68,789.63

the record shows that for about 52 weeks now that this is the lowest and that happened  4 months ago so maybe that is the lowest we can get till the pump happens in Halving?

[EarnOnVictor]

don't sell make sure you hold it for the next 4 years, because if you sell it now you will definitely regret it later,

Don't sell? What if the market continues to fall? I guess we should be careful with the advice we give, we should rather encourage people to speculate for proper guidance on what they have to do. Some people had mistaken others this way when the market was still higher, yet it sold heavily. Regular speculation is the key, BTC could surprise anyone, though I'm beginning to be bullish.

a lot of crypto holders have the same sentiments as they strongly believe that in the near future, btc will have good market performance. if you are long enough in this market, you won't think that btc will reach its end rather it will go stronger. and with that in mind, you will think that the price will increase in the coming years. we may be stagnant with the increase this year, but there's hope in the coming years as adoption is growing stronger. but thinking of the low price level this year, we can't determine if this will happen or if we will get out of this before the year ends.

Well said! I'm not a fan of some practices by many BTT members, which includes some of what you explained, yet I agree that it is time that it started moving higher. The crypto has probably bottomed already for 2022 according to my long-term analysis having sold from the 2021 high of approximately $69,000. This might be a preparatory ground for 2023 in which I suspect a bullish focus by investors and traders since the inflation that mostly caused the fall has been priced in already, it has done its worst in 2022.

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

Market in 2022 there is a negative trend and until now there is no sign for rising, this is a sign that in 2022 repeats the bad trends that always occur every 4 years after Bitcoin reaches ATH, there is no many choices than hold and be patient because if we sell now of course of course we lose money.

The global economy is not doing well. Moreover, there is a threat of economic recession in the coming year. At the moment Bitcoin is not simply bullish but have the possibility to get long bearish. Again, there is a big risk of losing money if Bitcoin is sold at this time. The most reliable strategy at this time would be to buy bitcoins and hold them for a long time. If Bitcoin investors follows a 4-year cycle then of course it would be profitable.

This is a piece of good advice for long-term investors, but 4 years is too long for regular traders, it is the holders that could be that patient. When I consider the things of BTC, I consider it in both HODL and futures trading. For HODL, you have advised well, but for futures trading, I will advise swing trading, for now, good support and resistance strategy that detects early swing patterns should be able to guide any trader as the year runs to an end.

[Reatim]

.  

4hr bars are probably the best concise way to state a trading movement.  Its not positive but still struggling, more then one fish caught got back in the sea despite appearing to have lost the fight I view BTC quite similarly right now still a rigorous struggle ongoing.

and will still hard to take another increase , we are closing the end year yet the market shows no response in much awaited growth , not about ATh but at least  half of it?

there are so much to expect from bitcoin but the thing here now is how high can we take as 17k seems to be the lowest .

[lepbagong]

In my opinion 2022 Bitcoin will be very volatile because inflation is happening in the world,
including in the United States which causes Bitcoin prices to fall,
there are even rumors about MTGox that in 2022 they will share lost Bitcoins to users,
of course this will result in Bitcoin prices dump again, so be careful.

What does "share the lost Bitcoin with users" mean? Can you explain it in full here and provide news about the rumor here? Because I never thought that within this year there would be a distribution of Bitcoin to users who had lost Bitcoin. Although it is clear that inflation exists and is currently happening, so that it does not only affect Bitcoin, but also other assets and currency values are experiencing the same thing.

it is clear that inflation has occurred and it is estimated that it will have an impact on the development of the world economy, many countries will experience a crisis due to this. interest rates will obviously increase as a result of this crisis and will also affect the price of bitcoin, many of which can no longer afford to buy but will most likely continue to hold it and will sell it if necessary.
this situation is certainly not good news for bitcoin, bitcoin will wait until the halving period which hopefully coincides with the crisis passes.
but as a colleague said that there will be a bitcoin distribution it seems I also have never known about it, hopefully there will be enlightenment on this.

[cryptomaniac_xxx]

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 do not want to call it damage to bitcoin. I think this is your first bear cycle in bitcoin. What is happening in BTC is pretty normal and healthy for the whole ecosystem. BTC market is matured and it made a clean up after every bull cycle to get rid of shit project and week hands. Those who survive the winter of bear market enjoy the hot meal of bull market in the next season.

I guess -70% in a  bitcoin bear market is just normal, although for first time users who haven't seen a bear market, it might be a concern and really having a hard time digesting what is going win, and yeah, it's really damaging for them.

But for us who have seen it already, it's just a mental thingy for us. Just keep on grinding every day for regular traders and then for average joe, just accumulate and wait for the next bull run. And if by chance we see another lower low for this year then good for us as we can buy at a discount.