BTC price consolidation at $20k for 4 months

[STT]

Mostly seems correct, in sum total we go sideways but there is a wider debate on our negative or positive bias during this time.   Nobody wants us to break out this range downwards and go further down but it could apparently happen unless we do challenge properly to the upside again.  Right now its looking possible we fail to recover a prior uptrend, as we had already broke the main June recovery trend this might prove serious.

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[ningrum]

BTC has been hanging on the $20k area for 4 months now since early june.

Yes, because the time for investors to experience bear season in the crypto market has come, because during the pandemic that affected many assets in the countries didn't affect Bitcoin investors. I guess, this is a sign that bull season will be longer than this bear season that just completed 4 months and some days in the community for investors to continue holding until the price increase to $50k before they can sell to make a good profits.

The market is currently very difficult and it seems that the negative trend will continue, and it seems that this year's price will be difficult to leave the $ 20k area, if we focus on the long term then now is the best time to buy more, I'm sure in 2023 the market can rise again .

the bear market will definitely pass, it's impossible forever the market will continue to fall, if world conditions such as war,
inflation and some other things are no longer discussed then I'm sure good news will come and make the crypto market excited again,
we are in the accumulation phase meaning a lot of people want a low price under $20k, so we have to follow this path.

[yudi09]

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

[traderethereum]

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

It seems like bitcoin wants to make many investors, especially small investors, impatient for another bull run.
With bitcoin prices persisting in the $18k-$20k range, sooner or later, it will trigger boredom in people holding bitcoins and maybe they will sell bitcoins little by little.
And when their boredom has peaked, the price of bitcoin will start to rally, gradually break the high price, and eventually arrive at the latest ATH.
Maybe this month, market conditions will continue, so we must be more patient in waiting for the bitcoin price to rise.

[jostorres]

.... during this situation and actually starts acting as a store of value and not just a good investment during low interest rates

I really want this to happen as a cryptocurrency enthusiast but it is going to happen anytime possible???

Not really in the near future, even if you take the last bearish days the price hit rock bottom of $3000 and managed to hit 65k which no one really expected do BTC never stop giving the surprises which beyond our expectations.

It happened already long time ago. Before, where the interest rates are still low, many people are already treating btc as store of value even until today where the interest rates are now increasing. I still remember those days where btc price plunge down to $3k. I think non of us expected that.

What we only know is that it's possible for btc to go down right after a pump. $65k is also unexpected but now that we knew it was possible. People are not afraid to predict higher prices. The op only post two scenarios. That was too low and I think there are still more scenarios which can lead for btc to pump but for now, the consolidation for $20k might continue.

[bestcoins1]

The market is currently very difficult and it seems that the negative trend will continue, and it seems that this year's price will be difficult to leave the $ 20k area, if we focus on the long term then now is the best time to buy more, I'm sure in 2023 the market can rise again .

What percentage do you have confidence in the market revival in the next year? because as long as there aren't more big investors and traders who have a lot of capital to buy Bitcoin, then a large increase in size will also continue to be difficult to happen to Bitcoin even though there is so much good news born for Bitcoin from now on.
Because Bitcoin at this time not only requires good news and big speculation, but also requires people who are willing to buy in large quantities.

[yudi09]

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

It seems like bitcoin wants to make many investors, especially small investors, impatient for another bull run.
With bitcoin prices persisting in the $18k-$20k range, sooner or later, it will trigger boredom in people holding bitcoins and maybe they will sell bitcoins little by little.
And when their boredom has peaked, the price of bitcoin will start to rally, gradually break the high price, and eventually arrive at the latest ATH.
Maybe this month, market conditions will continue, so we must be more patient in waiting for the bitcoin price to rise.

It looks like yes, my brother. This is a test of patience and October is already halfway through. Bitcoin is still the same as September. Boredom can be the cause of our destruction. He is the one who makes us stop walking towards the peak of our dreams. Trying to always be strong in dealing with situations and conditions is something that we must maintain at all times.

This picture represents the current situation of investors today. Don't give up. Bitcoin will make us smile happily one day.

[Dave1]

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

It seems like bitcoin wants to make many investors, especially small investors, impatient for another bull run.
With bitcoin prices persisting in the $18k-$20k range, sooner or later, it will trigger boredom in people holding bitcoins and maybe they will sell bitcoins little by little.
And when their boredom has peaked, the price of bitcoin will start to rally, gradually break the high price, and eventually arrive at the latest ATH.
Maybe this month, market conditions will continue, so we must be more patient in waiting for the bitcoin price to rise.

I don't think you can call it boredom. People will not sell because of boredom, people will sell because of panic, as has happened many times before. Weak hands will put their bitcoins into strong hands. And just the current consolidation of 18-20k may break and panic will happen. I think the scenario will be similar to 2018 and 2020, after which a new rise will start.

Yeah, I don't think that is boredom, that is their decision to sell in the bear market and quit the investing or trading and look for other means to make money.

But for the majority of us, this is the perfect opportunity, bear market is really worrying for first timers because the price is not moving just like what we have been seeing in the last 4 months. But this is a good time to invest because the price of bitcoin is really cheap and affordable and then have the patience to just being a holder and wait for the next bull run.

[tygeade]

BTC has been hanging on the $20k area for 4 months now since early june.

Yes, because the time for investors to experience bear season in the crypto market has come, because during the pandemic that affected many assets in the countries didn't affect Bitcoin investors. I guess, this is a sign that bull season will be longer than this bear season that just completed 4 months and some days in the community for investors to continue holding until the price increase to $50k before they can sell to make a good profits.

The market is currently very difficult and it seems that the negative trend will continue, and it seems that this year's price will be difficult to leave the $ 20k area, if we focus on the long term then now is the best time to buy more, I'm sure in 2023 the market can rise again .

I wouldn't be certain about the market being low for the rest of the year. I mean there is no guarantee that it will recover neither, so do not mistake what I am saying as we are about to go on a bull run, no. All I am saying is that it's unknown, and by the end of 2022 we could end up with either 20k or 50k and anything in between, it's all about believing what will happen.

This is why it's going to be something decent to invest right now, since there is a chance that it will grow bigger. That's why I think we should be accumulating right now, and make a profit, and whenever the time comes for it to grow, we will be ready for it.

[buwaytress]

Didn't realise it's been that long already, to be honest! And as mentioned above already it looks a lot like past periods, most noticeably Nov 2018 (talking about parallel calendar months).

And while back then I still psychologically thought of BTC to be in the $5k range, now I find myself more and more looking at BTC with a psychological floor of $10k (nothing to do with math or logic, only what I personally feel is a realistic range given the economic pain yet to come).

I think we'll see more such 4-6 months of sideways trading at various price levels... unfortunately lower than this for the next year.

[cryptomaniac_xxx]

I think we'll see more such 4-6 months of sideways trading at various price levels... unfortunately lower than this for the next year.

Next year will be another big test for us, whether we set a new lowest low or all time low in this bear market or not, we will have to see.

Or maybe form a sideway trading for the $15k or less (lowest low then), in 2023. So still a long way to go for us. Lots of psychological test, but for those like you who have seen this in the past (2018), might just be routine because we know that something might be brewing for the next bull run. And as the saying goes, "patience is a virtue", and that holds in bitcoin's 4 year cycle.

[GreatArkansas]

BTC has been hanging on the $20k area for 4 months now since early june. The longer the consolidation on a price range, the bigger the capitulation can be if it breaks to the downside.. macroeconomic view looks like trash. BTC still hasn't decoupled from the SP500, and the SP500 is still 700 points away from pre-covid printing measures which to me it means the price is still overvalued, which in turn means BTC will follow a sub $20k capitulation. The only 2 scenarios I see where we pump:
(....)

My thoughts right now seem every market correlates to each other. Like if there's a huge dump on stocks, we are also experiencing it in the cryptocurrency market. So for me, the reason, for now, is the interest rate. We need also consider the post-covid effect now.
It's like a global effect, there no one is excluded from the current crisis that we are experiencing, even in which country you are framed, there is a crisis.

[EdenHazard]

BTC has been hanging on the $20k area for 4 months now since early june. The longer the consolidation on a price range, the bigger the capitulation can be if it breaks to the downside.. macroeconomic view looks like trash. BTC still hasn't decoupled from the SP500, and the SP500 is still 700 points away from pre-covid printing measures which to me it means the price is still overvalued, which in turn means BTC will follow a sub $20k capitulation. The only 2 scenarios I see where we pump:
(....)

My thoughts right now seem every market correlates to each other. Like if there's a huge dump on stocks, we are also experiencing it in the cryptocurrency market. So for me, the reason, for now, is the interest rate. We need also consider the post-covid effect now.
It's like a global effect, there no one is excluded from the current crisis that we are experiencing, even in which country you are framed, there is a crisis.

That's because we have seen a lot of stocks broker getting into crypto as well so they play both with their huge clients money .. not always correlating each other but that's the fact. You play both sides and accudentally the market responds become so similar.

We are living in uncertain future economics still , so yeah keep guessing .. any serious prediction even mathematically could still fail in the recent days.

[DanWalker]

BTC has been hanging on the $20k area for 4 months now since early june. The longer the consolidation on a price range, the bigger the capitulation can be if it breaks to the downside.. macroeconomic view looks like trash. BTC still hasn't decoupled from the SP500, and the SP500 is still 700 points away from pre-covid printing measures which to me it means the price is still overvalued, which in turn means BTC will follow a sub $20k capitulation. The only 2 scenarios I see where we pump:
(....)

My thoughts right now seem every market correlates to each other. Like if there's a huge dump on stocks, we are also experiencing it in the cryptocurrency market. So for me, the reason, for now, is the interest rate. We need also consider the post-covid effect now.
It's like a global effect, there no one is excluded from the current crisis that we are experiencing, even in which country you are framed, there is a crisis.

That's because we have seen a lot of stocks broker getting into crypto as well so they play both with their huge clients money .. not always correlating each other but that's the fact. You play both sides and accudentally the market responds become so similar.

We are living in uncertain future economics still , so yeah keep guessing .. any serious prediction even mathematically could still fail in the recent days.

There is no data to say that many stockbrokers are also getting into crypto, I know a lot of investors in the stock market but most of them don't get into crypto because they say it's a manipulative market, price fluctuations are too strong and they don't like it. In simple words, we can see that stocks or cryptocurrencies are considered as risk assets and both go against USD, and USD is very well protected by the Fed, so once there is bad news people will tend to sell risky assets to choose safe assets and now USD is a safe asset that can make a profit.

[Wong Goblog]

Bitcoin trends are unique, many facts that we can get if we look at price charts, for example 4 -year trends, namely when prices skyrocket or reach new ATH, the following year will fall out and this has happened at least 3 times, and now there is a unique facts that is the trend Every 4 months, I will learn this.

[traderethereum]

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

It seems like bitcoin wants to make many investors, especially small investors, impatient for another bull run.
With bitcoin prices persisting in the $18k-$20k range, sooner or later, it will trigger boredom in people holding bitcoins and maybe they will sell bitcoins little by little.
And when their boredom has peaked, the price of bitcoin will start to rally, gradually break the high price, and eventually arrive at the latest ATH.
Maybe this month, market conditions will continue, so we must be more patient in waiting for the bitcoin price to rise.

I don't think you can call it boredom. People will not sell because of boredom, people will sell because of panic, as has happened many times before. Weak hands will put their bitcoins into strong hands. And just the current consolidation of 18-20k may break and panic will happen. I think the scenario will be similar to 2018 and 2020, after which a new rise will start.

Maybe we call it not boredom but people who have waited a long time but still can't sell it can experience boredom.
Not everyone has a strong hand in holding bitcoin. Even though we have experienced seeing bitcoin's journey so far, it can still happen.
I also think the scenario will be similar to previous years but this year and next year before the halving will be different from the previous year.
But bitcoin will surely show its strength to be able to rise again from low prices to the next high price.

and still continues until this month. I can say the current state of Bitcoin is a test of patience for holders. Whoever holds fast will arrive at the goal. Those who are weak will fall in the middle of the road because they let go.
We can still gain valuable experience from the $20K hold and the price below, which will allow us to see how the cycle of Bitcoin moves. Instead of worrying about not increasing as expected, we should better focus on the portfolio.

It seems like bitcoin wants to make many investors, especially small investors, impatient for another bull run.
With bitcoin prices persisting in the $18k-$20k range, sooner or later, it will trigger boredom in people holding bitcoins and maybe they will sell bitcoins little by little.
And when their boredom has peaked, the price of bitcoin will start to rally, gradually break the high price, and eventually arrive at the latest ATH.
Maybe this month, market conditions will continue, so we must be more patient in waiting for the bitcoin price to rise.

It looks like yes, my brother. This is a test of patience and October is already halfway through. Bitcoin is still the same as September. Boredom can be the cause of our destruction. He is the one who makes us stop walking towards the peak of our dreams. Trying to always be strong in dealing with situations and conditions is something that we must maintain at all times.

This picture represents the current situation of investors today. Don't give up. Bitcoin will make us smile happily one day.

From the picture, I think we've also experienced it, whether we realize it or have forgotten it.
We must always keep in mind the goals and targets that we want to achieve in the future and if the current bitcoin is still the same as the previous months, that means we still have to be patient again.
Everything will surely end, and only those who can survive will benefit from it.
This situation will soon change and that's when we can make big profits again.

[Chato1977]

Bitcoin trends are unique, many facts that we can get if we look at price charts, for example 4 -year trends, namely when prices skyrocket or reach new ATH, the following year will fall out and this has happened at least 3 times, and now there is a unique facts that is the trend Every 4 months, I will learn this.

Wait what is that every 4 months trend ? what are we having in each 4 months because I don't see anything in related?
can you specify which months are those and from what factor that the price will climb in 120 days time?

if there is simpler explanation then best to help us out now.

[Republikcoin.com]

Bitcoin trends are unique, many facts that we can get if we look at price charts, for example 4 -year trends, namely when prices skyrocket or reach new ATH, the following year will fall out and this has happened at least 3 times, and now there is a unique facts that is the trend Every 4 months, I will learn this.

Wait what is that every 4 months trend ? what are we having in each 4 months because I don't see anything in related?
can you specify which months are those and from what factor that the price will climb in 120 days time?

if there is simpler explanation then best to help us out now.

I don't think he (@wonggoblog) will give you a more precise explanation for this because he only mentions about four months and doesn't mention which months are better and worse for Bitcoin. Even though there are still many people who don't think about what month is very good for Bitcoin right now, because what happened to Bitcoin during those four months is nothing to worry about. Because Bitcoin can also increase more in a not too long time as it did last year.

[adaseb]

Right now we hit the lowest bitcoin volatlity since 2020. So pretty much any day now there is going to be an explosive move, however no idea which direction.

Everybody thinks it will go down to $15K, since everybody thinks this. The opposite will happen. Just like in November 2018 when everybody assumed that $6K was the bottom and it would go up after a long period of consolidation and the complete opposite happened.

I think most likely this move will happen sometime in November, so a couple more weeks.

[Chato1977]

Bitcoin trends are unique, many facts that we can get if we look at price charts, for example 4 -year trends, namely when prices skyrocket or reach new ATH, the following year will fall out and this has happened at least 3 times, and now there is a unique facts that is the trend Every 4 months, I will learn this.

Wait what is that every 4 months trend ? what are we having in each 4 months because I don't see anything in related?
can you specify which months are those and from what factor that the price will climb in 120 days time?

if there is simpler explanation then best to help us out now.

I don't think he (@wonggoblog) will give you a more precise explanation for this because he only mentions about four months and doesn't mention which months are better and worse for Bitcoin. Even though there are still many people who don't think about what month is very good for Bitcoin right now, because what happened to Bitcoin during those four months is nothing to worry about. Because Bitcoin can also increase more in a not too long time as it did last year.

yeah that's why I'm asking because Maybe we could gather information to what and when is the perfect time to invest 

but surely there is no concrete proof of this  to be true as I have been in this forum for years now yet there are no such thing I read just from this thread only