Crypto Crash Incoming?

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 Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground, it's good to see that the bifurcation that tore apart the equity market took a dump right and the pay 500 also saw its worst drop in not at 9.3 percent this month if this is the worst drop since March 2020 you know when the government shut down the entire Globe.

so look at what Bitcoin said it's held it's June Lowe's.

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.

[GreatArkansas]

(....)
I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

Exactly, last March 2020 crashed the whole market, not only the cryptocurrency market was a sign because after that, we saw a huge rally on market and we saw multiple all-time-highs.
So for me, what we are experiencing right now is some pullback or correction for the last bull run we experienced.

[fvb]

Didn't understand you a bit. You write that bitcoin is 16000, but at the moment it is 19000 and it has not fallen that much. As for whether it will be even less, it is possible, but I think not much. For some reason, analysts predict a fall even below 10,000 in the coming years, but I don’t believe in this and, in my humble opinion, this will not happen. And this is not a collapse but a correction.

[Tytanowy Janusz]

Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground,

Same we've seen at the bitcoin ATH. Bitcoin stopped growing reaching ATH at 69k in Nov 2021, where the dump started (damn its almost a year ago ... seams like yesterday). While stocks (SP500) were growing for next 2 months untill Jan 2022. Same can be seen at bitcoin bottom. That bitcoin will stop dropping and start climbing 2 months before SP500 bottom.

Its possible that we've seen the bottom but I would not agree with this:

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan

Breaking current support at around 18k is bearish enough event to push price down to 15k and lower. Its getting weaker and weaker every time we hit it.
Nukes send by russia is bearish enough event
Tether attack, if succeded, is bearish enough event

[stadus]

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.

Okay, let us say that the government shut down Globe but never I think this could happen to Crypto. In fact, many countries are banning crypto already but many also legalized this one. It means that whatever we have experienced today is just a usual market fluctuation and not only it happens to crypto but all in some investment platforms.

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

[hugeblack]

We must distinguish between what happens to Bitcoin and the rest of the cryptocurrencies, most cryptocurrencies (especially those with low market volumes) tend to behave unpredictably and therefore you cannot determine a specific price trend, but pumping and unloading is the prevailing and the simplest reasons.
Most cryptocurrencies with large market capacities follow Bitcoin.
Bitcoin at the current stage is a trend, and it is either that the bottom for the coming years will be 17 thousand or we will witness a new bottom.

[Wakate]

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.

Okay, let us say that the government shut down Globe but never I think this could happen to Crypto. In fact, many countries are banning crypto already but many also legalized this one. It means that whatever we have experienced today is just a usual market fluctuation and not only it happens to crypto but all in some investment platforms.

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

I am still very skeptical and don't really understand why some people still think that the market can crash anytime from now just because we are in bear market. I think the newbies need to be sensitised on how the crypto market really works. Although when I first join the crypto race, I abstractly think that the market can just crash anytime and investors is going to lose their funds since I never knew how the crypto market works.

For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.

[noormcs5]

keep that in mind you know when the government shut down the entire Globe, we had a worse Cascade back up this time around than back in March 2020 and that's because we had lending platforms go down we had Celsius Luna, we had the dollar reaching par essentially for the year from the Euro and so many other crazy data points that it was kind of like a giant Black Swan that we had you know what I mean so people are expecting to go down to 10000 now 16 000 and I I've told people to listen this is what I think I could be wrong but I've been right so far that I think we have bottomed but you know we still have those stragglers out there that are saying we're gonna head down after this, you know the Market's going to bring everything down but it hasn't broken down it's taken away it's walked away from just being in lockstep with the broader stock the great market.

Okay, let us say that the government shut down Globe but never I think this could happen to Crypto. In fact, many countries are banning crypto already but many also legalized this one. It means that whatever we have experienced today is just a usual market fluctuation and not only it happens to crypto but all in some investment platforms.

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

I am still very skeptical and don't really understand why some people still think that the market can crash anytime from now just because we are in bear market. I think the newbies need to be sensitised on how the crypto market really works. Although when I first join the crypto race, I abstractly think that the market can just crash anytime and investors is going to lose their funds since I never knew how the crypto market works.

For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.

Yes, those who are experienced, know that bitcoin is not dead and will never be dead however here the OP is searching for the ultimate low for this bear market. To be true, no one can exactly time the bottom but the bottom can be very near. I am not sure if 17,000$ was the bottom because the market can still move further down on any news or political situation especially according to the Russian war.

[Baofeng]

We've already crashed isn't it? all time high of $69k and then seeing the floor price at $17,500. So that's about it this bearish cycle as I don't see the price go lower than that.

For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.

[el kaka22]

It’s obvious that bitcoin is getting impacted by the markets and the recession lovers right now who would see recession and high interest rates with high unemployment as the only way to prevent inflation to stop.

I am not saying it is not going to work, but there are better methods such as preventing more money printing, and promoting investment which would cause the world to invest and that money would be gone and only return as bigger returns as investment profits, and that could be done by government by giving benefits to people who offer more jobs, you have money? great, hire more people and government will give huge tax breaks. So as long as we have these governments, it is not going to go well for any of us.

[trendcoin]

Major Market Corrections Bitcoin bottomed two to three weeks before the SPX did which is the s p 500. over the last week, the s p has made new lows while Bitcoin continues to hold its impressive ground, it's good to see that the bifurcation that tore apart the equity market took a dump right and the pay 500 also saw its worst drop in not at 9.3 percent this month if this is the worst drop since March 2020 you know when the government shut down the entire Globe.
...

Maybe it's not very accurate to directly correlate with global stock markets, but damn it, if we're not going to correlate with global stock markets, what are we going to correlate with? Are we going to correlate according to Mercury's position in astrology? :)

Owners of capital may be switching between markets according to their needs. Therefore, we should not always expect a repetition of an example that has happened before. The movements in SP can give us an idea about the psychology of the investors, but I don't always find it right to use the data there directly in the cryptocurrency market.

[goaldigger]

We've already crashed isn't it? all time high of $69k and then seeing the floor price at $17,500. So that's about it this bearish cycle as I don't see the price go lower than that.

For the 2020 crash, yes it was due to the pandemic, but the cycle might repeat (not the virus itself), but the market crash due to several reasons, like recession and war. But I don't see any major slump that will push the price to another lower lows for this year or the whole bear market. And if by chance I'm wrong and the price fall below $17,500, then it's another great opportunity stack sats again.

This is true, we already crashed many times since last year and having this bottom already is a proof that bear market is very strong, we might be dealing with this for a longer time as recession threaten many countries. Another bottom possible to be hit though, after failing many times to break the resistance Bitcoin can even go lower than $15k and I’m sure many are waiting already for that price because they know that’s a good price to entry and we should also have that kind of mindset and never panic.

[serjent05]

I am still very skeptical and don't really understand why some people still think that the market can crash anytime from now just because we are in bear market. I think the newbies need to be sensitised on how the crypto market really works. Although when I first join the crypto race, I abstractly think that the market can just crash anytime and investors is going to lose their funds since I never knew how the crypto market works.

It is very simple. Because the cryptocurrency market is highly volatile.  It hasn't set up its ground yet to be stable and there are lots of rejections, and acceptance happening, and whoever dominated can give a trend to the cryptocurrency market.  Aside from that, having a bear market for so long makes the market very sensitive to negative news,  thus the market is easily shaken once negative news happens in the market.

For those that think the market could crash any moment from now show go and check Bitcoin chat from 2013 to see for themselves how the market moves.

Market crashing doesn't necessarily mean the cryptocurrency will go down the drain.  Besides, the 2013 event has nothing to do with the current event of BTC.  It may be a reference but today's happening is independent of that date.  Besides, there is no denying that Bitcoin had already crashed.

[strunberg]

Maybe we will see one more Crash before finally its finally make bottom price, inflation still be night mare in this finance market , possibility to increase rate still high and FED already stated before in lastest minute. while we see inflation data stable and there is improvement there , maybe bottom will in and finance market will slowly recovery. same condition will happen to cryptocurrency market , bitcoin hopefully will hardly bounced.

[harizen]

I think that we have bottomed already because I can't imagine what would cause the Cascade that we had I mean back in June we had a Cascade way worse than March 2020.

And it makes sense to think. I also can't imagine what kind of worst thing that can be happened that far even more worst compare to those supposed reasons way back in the much deeper and reddish bear market before.

More importantly, the bottom today is considered a high price before.

We will surely see a newly established bottom in every bear market that was a considered dream price before.

[livingfree]

Maybe we will see one more Crash before finally ITS bottom price

Or, we have actually seen the bottom already.

It's either of the two, it's like we've seen it already or there's more to the bottom that we've seen and it will be lower than that.

If we can recall the previous bear season, it was even worse than today but look, we even go far after than making another ATH.

True.

I recognize that the last bear season on 2018 was way worst than what we have right now. The bear market for 2022 is even better and showing better stats than of 2018. Many won't notice that because they're looking at the ATH.

So, if for them this year was worse then expect that we'll see better ATH soon.

[DapanasFruit]

I am expecting that Bitcoin and the entire cryptocurrency industry would soon be experiencing its good days ahead. Right now, Bitcoin has been following the lead of other investment vehicle and even reacting negatively to inflation reports...just like what happened when Covid19 started but then afterwards we saw some good upwards movements after that. Let's hope that 2023 will really be different for Bitcoin, otherwise on my side it can be the time to go and focus to other things.

[mindrust]

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

[Smack That Ace]

It all depends on the FED's actions and they won't be slowing down any time soon.

Everything is now the Fed's game, and it can be seen that with the current world situation, they certainly won't be able to go easy on their interest rates overnight. Their only goal is to reduce inflation by all means, even if raising interest rates will cause the world economy to fall into recession.

My prediction is that the Fed will not stop raising rates or cutting rates in the next few rounds, at least until the US Presidential election in 2024. They're going to have to find a way to get inflation back under control, for the election to go well and that's the pressure that I think the Fed is under. Raising interest rates is aimed at controlling global inflation but they still have a huge responsibility to their country.

[BobK71]

The current weather is not in favor of crypto that's for sure. The inflation is not stopping which means the interest rates will keep rising. The money gets more expensive to borrow which means less money will go to the risky assets like crypto. You don't have to be super smart to tell what's happening and what is likely to happen in the future. It all depends on the FED's actions and they won't be slowing down any time soon.

When interest rates rise, investment will fall. And in this situation nothing can be done. Moreover, various US organizations say that the world economy is heading towards recession. Considering this topic, it is clear that the crypto can move to a lower position. At least we'll have to wait until early next year to figure out.