Bitcoin

[jinmioluwaseyi]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

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[mk4]

Of course it technically can — $10k is literally just slightly more than a 50% drop. But a better question is, will it? Only time will tell. If you were to ask my non-trader opinion though, it's pretty much a coin flip.

[Charles-Tim]

Do not expect bitcoin to rise to $60000 anytime soon. Also do not expect its price to go down to $10000, I think bitcoin getting to $10000 is now the story of the past, guess it would only be in history. Presently people are buying more and the price increased recently, maybe it's a bull trap or not, but holding at $20000 would be good, or better to just DCA.

[Pmalek]

You could have come up with a more interesting title for the topic than "Bitcoin"!

I don't think that in today's state of the global economy, we will see bitcoin rise up close to the $70k levels in this year. In the future, and especially closer to and after the next halving, why not!?

I also don't believe a new 50% drop to $10k is to be expected unless something drastically changes and the world governments start turning against Bitcoin. With that I mean, whole countries prohibiting its use, trading, or the mining aspect of it. A big drop could also happen if we witness another case like with Celsius, where the platform starts liquidating big chunks of BTC in an attempt to stay afloat. Bad news attracts more bad news, which results in sell-offs.   

[Lordsilvabtc]

With human senses and human thinking, it look impossible for Bitcoin to hit $60,000 anytime soon, Same way for the probability that it will go dip on $10,000 soon. But when crypto market Is involved it's absolutely unpredictable, Market violation is absolutely unpredictable, so there's possibility of everything, of both sequence happening. But to my own honest opinion, I don't see Bitcoin going to 10k any time soon nor 60k anytime soon

[Fullcoinese]

I think the two prices you are talking about will not be reached by Bitcoin within this year.
You can see how long has Bitcoin been at $19k-$22k. I guess until the end of this year will not change too much. the price will move, but not too much.

what we can do, all depends on your belief. but I believe most traders and investors are currently accumulating more Bitcoins in their wallets for the long term. next year or two years to come, dreaming Bitcoin will break through ATH.

[Darker45]

I doubt Bitcoin would go down to $10,000 within the year. It may happen, of course, but I really doubt that. Bitcoin's price fluctuations for the past weeks and months have actually died down a lot. The price has more or less stabilized or maintained its sideward movement for the past months already. I don't think this year would end with Bitcoin falling half of its price today. But I also don't think it would rise back to $60,000. That's wishful thinking.

[sheenshane]

Read a lot more speculative threads and replies in this section, Speculation and you'll find the more interesting technical analysis on predicting Bitcoin price.

If you ask it here if there's someone who believed that the Bitcoin price dropped 50% or more this year, it's barely to see someone agreeing with you because it's anticipated by most of us here that the Bitcoin price will grow and only time can tell when it will happen.

Believe me, if you're a long-term holder, you'll have a better reward soon.  ATH is coming...

[Eureka_07]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

It bitcoin will go down much more, I think it will just be around $10k. Then maybe next year it can go back to $60k.
Regardless if I have an technical analysis for bitcoin market, I believe it will not get as high as $60k in this year unless some significant event happen.
Above all, I think it's still one of the best time for acquiring bitcoin before it reaches it's new ATH.

[Dr.Bitcoin_Strange]

~snip~ 

I see many reasons for what Pmalek said. Bad news can lead to bad news, so unless there's a bad news event globally(which triggers panic selling), that can only drop Bitcoin to $10k. In my opinion, expecting Bitcoin to drop to $10,000 is a thing of the past (as stated by @charles-Tim as well). If you are hoping to buy Bitcoin at $10k, I think that might not be possible. $20k is a good position to hold. In the crypto market, good news can also bring about a spike in price, but if you ask me, I don't think Bitcoin will get to $60k or fall below $10k this year.

I am not a crypto expert, so this is just my opinion and should not be considered financial advice.

Thank you, Dr.B_S 💌

[cryptomaniac_xxx]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

I'm sorry to burst the bubble, but no one here has the crystal ball to see the future.

All we can do is speculate that it could go down to $10k this year, but take that perfect opportunity to buy and not think of it as something very negative.

If you are talking about a recovery to $60k, well I will give you my prediction, I highly doubt that because we are still in the bear market.

[ajiz138]

Bitcoin price fluctuations can happen at any time but from everything you talk about there is a reason why it won't happen in the near future from a 10k drop or a 60k increase it's very difficult to take in the near future and I think it will take a long time to see the situation Real Bitcoins.

It won't matter if bitcoin goes down to 10k or $1000 as long as it's still the lowest price I have to buy it with buy dips or even by doing DCA, if we think there is still an opportunity in the future about an increase to $60k then hold on don't take it dizzy because of the decrease in fluctuations it has become common in bitcoin.

I said bitcoin will go up but not anytime soon.

[DVlog]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

If you are looking for a perfect dip entry, then you will miss it, my friend. No one knows the future so for the question of whether 10k is possible or not I will say yes it is possible. But another question will you buy BTC if it goes to that price? It's a 50% drop and to drag BTC to that level requires nasty lousy news to release. And trust me if something like that happens most people who were waiting for 10k won't buy at that price by thinking it will go much lower because of the weight of that bad news.

It will be better not to gamble and be on the safe side. If you really haven't taken entry then you could start doing it right now small by small. If BTC goes that far you will simply DCA.

[bestcoins1]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

Downs and ups are still very possible for Bitcoin this year. Because basically these two things are things that have happened very often in Bitcoin and even some people have considered it a natural and normal thing. And actually those two things (Down and Up) are things that are both needed by investors and traders in the market, because they will not benefit if they don't buy at a lower price, so a decline is clearly needed in order to make purchases and benefit when upgrades occur.

[Baofeng]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

It might or might not, we really don't know. If it goes down to $10k, what will be your strategy? are you going to buy or not? that is the big question here.

As for $60k this year, it's already out of the question. If by chance we will go there, we need x3 of the current price and I don't think it's achievable at this point as we are in a bearish sentiments.

The catalyst for a eventual bull run is the halving, which is going to happen in 2024. So still very far if you are looking for a massive run. On the other hand, while waiting for it, all you can do is invest and buy and accumulate and then HODL.

[STT]

If it goes down to 10k, you will read about it 8 hours later and  it'll already have recovered to about the price levels seen recently.  Thats how I imagine such a price registers briefly going on previous trade spikes, its because the order book gets overwhelmed briefly.  All those people who sit on the exchanges waiting for a cheap price to arbitrage or however they can take advantage will gain the money they deserve for paying so much attention.
  Most of us will just read about it occuring because it wass not worth watching for six months for the one day all the negatives line up & that will probably just correct itself.   Erratic pricing can occur during the shorter time periods, just like we blip upwards sometimes but do not hold it for as long it takes for all time frames globally to access that price.

[Jawhead999]

Anything is possible, even if you said can Bitcoin touch $1? I will say it's can, but the thing is how realistically it's possible? I don't think Bitcoin can ever touch $1 for many next decades in the future. Bitcoin should break he resistance first since it's always stay around $20K-ish, if Bitcoin price can reach $30K then it's could be possible it will higher to hit $60K again.

If you said this year, I don't expect anything Bitcoin will hit $60K again, it could be lower due to recession.

[EarnOnVictor]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

Your levels (both up and down) are just unrealistic this year anymore, you should not even dream about them. You should know that this year is about to round up with barely 2 months remaining, nothing so significant could happen on the bullish and bearish side. As for the selling, inflation was a major factor that influenced that this year, but this is changing now as inflation has price-in for the year already, it would not cause a further fall below the low of June at $19,625.00.

I prefer a bullish trend for the rest of the year, yet, the Bulls cannot succeed above $35,000 according to my economic and technical studies of the coin.

[Ayers]

Can bitcoin go down to 10k$ this year. The fluctuation of the crypto space now is dragging the coin, and I think is still going down more before it can regain it strength. So can it still go down or rise back to 60k$ this year? Let discuss

bitcoin may or may not drop to 10k this is still possible as the world situation could get worse anytime just one more bad news about war could drag the market down. but the possibility of a rise to $60k this year is unlikely because there will not be a strong enough catalyst to help the market soar even after the war is over. if you really believe in bitcoin then what you need to do now is try to accumulate it and wait. no one can predict bitcoin price but we can be sure that it will rise again in future and will cross $60k or even hit $100k.

[hugeblack]

Everything down is possible and does not need a reason. Falling is easy, but rising is difficult.

We can draw a curved line of the normal distribution of prices according to these prices.
3k
10k
20k
40k
60k

So the probability of 3K is the same as the probability of 70k, although reaching 3k is easier than going up to 70k.