BTC is likely to head towards a price of $13,000

[Ultegra134]

If you're too afraid then ease your mind; sell you holdings. This is being repeatedly told to every investors here. You won't be wrong from either selling or holding because that is your decision. Just be safe feom regrets whatever decision you are about to take; this is your goal as an investor. The market is volatile in nature simply because its market value is determined by demand. With demand, it is not constant because of factors affecting it. If you can endure no matter how low the market price gets, then continue holding. The losses, as long as you are not selling, are just temporary and you only have to wait for the recovery. This is how simple investment is, not only in this industry but also to other types of asset.

There are a number of people who can't bear to see their funds lose value. I somewhat identify as one of them; I couldn't stand seeing that I made a wrong trade, which could potentially lead to a loss. In such cases, you have to compensate if you still want to be in the game. Personally, I stopped trading, but I'm interested in trying it again if I empty my schedule a little. I also stopped buying so-called promising altcoins and stuck with Bitcoin only. I'm not even bothered to check my funds' value anymore; I don't worry even during bearish periods like this one.

[1714684005]

1714684005

[1714684005]

1714684005

[1714684005]

1714684005

[1714684005]

1714684005

[1714684005]

1714684005

[1714684005]

1714684005

[Nrcewker]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

First of all no one has really seen the future. What we are doing is just predicting and estimating. We maybe wrong we maybe right. But this doesn’t mean that we should become impatient and panic. Moreover Bitcoins are for long term investment. So if you just panic and sell, then you will be in huge losses. Rather before panic selling we should have done some research and see the graph of Bitcoins over 10 years. Nevertheless it’s just a phase which will eventually pass. So don’t lose hope and hold your Bitcoins as far as you can.

[Sayeds56]

If you look at recent market movements, indeed the price of bitcoin has the potential to fall to the $13k area, but it is difficult to predict it accurately. but in the current bear market situation the thing you can do is hold your assets and don't sell because you will suffer a loss. It's better to wait for the market to be bullish again because you can be sure that after the bear market ends and the bull market comes back, even though it might take a long time.

You are right, Bitcoin might slide down further but where is the bottom, it is hard to predict. FTX bankruptcy has vindicated structural risks of crypto industry which will continue hurting the market until new regulation are introduced to address this issue. In such circumstances usually investor take exit from market and wait for further slide down to buy digital asset at rock bottom price. The market is trading in very short range and can move in either direction. Any bad news can take it further down and at the same time any good news on economic front may take it to 20K.

[Oceat]

That's just your point of view but at what cause do you think that Bitcoin will most likely to head down to $13k? We are already in a bear market and it's quite too deep already in case you didn't see the whole market situation. But of course, we can't deny that when getting worse it might head down to $13k or below just like how low the $3k in the past before the bull market started.

But seeing it – it might reach that low makes me think $100k is just too much if that was most of the people thinking as a new ATH in the next ATH/bull run.

[lixer]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

[Sayeds56]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

One thing I can predict with some degree of confidence that when Bitcoin hits bottom, it won't stay there for long and take a big jump because huge buying will come when market feels it is bottomed out. This may happen when any bad news comes in the market. This morning Bitcoin even broke 16K and hit its support around 15,888 on weekly chart. If it falls further then next support is around 15,200.

[lienfaye]

Well, if you're going to hold your Bitcoin for long term I don't see it a problem even the price plunge to $13k. It's part of the cycle and inevitable to have a bear season, since the market can't only move in just one direction. There's a good side of it if only you're not blinded by negativity. Hence don't let yourself be affected because this is only temporary.

It would be better if you divert your attention to other things to refrain yourself committing mistakes just because you're impatient and too worried.

[rokok lokal]

You have not made your post to relate to your topic regarding the price of $13k , no analysis to that so how are you coming out to that price? We don't have to make fud by ourselves because the economy is dropping, bitcoin may not follow same way because not same statistics for it. Bitcoin with a positive news will increase immediately but economy grow over the years not immediate.

What's going on now? There are several possible explanations from some of the reviews that have been submitted and it will be interesting to see how the cryptocurrency market responds to the news that is currently happening. but certainly, price swings of this magnitude can have a very positive effect on trading, as well as the overall popularity of Bitcoin and other cryptocurrencies.

[STT]

Its time to break out the chart into monthly bars at this point, unless you have a wider screen then me or better eyesight perhaps then leave it on weekly or daily I guess.   The point is that momentum at present will resolve on a large time frame then most people reckon with, ironically BTC though volatile does respect some very long term dynamics and its a surprise to most people who try to trade it I think.   Perhaps because its tied to the Dollar trade in some way or the process of reducing the block reward and this is occurring over multiple years so that is a tide that surpasses the waves we try to count in calculating movements.
    Recent action is breaking a prior range that held for some months, June to November is quite significant so now you must count all prices possible till we define this area we breached into.  It would be good if recovered the prior low seen sept Oct low but for now I think we will not.  

  Today we test the closing daily low seen 3 times since Nov 9th, small positive from there on shorter term; trade 16.3k and above cautiously positive.

[michellee]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

They should be able to buy more because using the same amount of money can get more units, which is very profitable for them. That's the point if we can share the capital we have so that we use the recession to buy crypto that has the potential to increase again. And that is also the point for us to divide capital for investment and money for daily needs.

The current bearishness in the crypto market is a defining moment for those coins so only those with real benefits will exist in the crypto market. This is also a market cleaning of useless coins.

[Sayeds56]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

They should be able to buy more because using the same amount of money can get more units, which is very profitable for them. That's the point if we can share the capital we have so that we use the recession to buy crypto that has the potential to increase again. And that is also the point for us to divide capital for investment and money for daily needs.

The current bearishness in the crypto market is a defining moment for those coins so only those with real benefits will exist in the crypto market. This is also a market cleaning of useless coins.

No doubt, the cleaning process has already begun, though it is painful & could be lengthy but in the best interest of the market in the long term. New entrants in crypto market always suffer huge losses in such project which have no use case. Once cleaning process is complete, we will witness huge investment from intuitions and genuine investors.

[ajiz138]

You have not made your post to relate to your topic regarding the price of $13k , no analysis to that so how are you coming out to that price? We don't have to make fud by ourselves because the economy is dropping, bitcoin may not follow same way because not same statistics for it. Bitcoin with a positive news will increase immediately but economy grow over the years not immediate.

What's going on now? There are several possible explanations from some of the reviews that have been submitted and it will be interesting to see how the cryptocurrency market responds to the news that is currently happening. but certainly, price swings of this magnitude can have a very positive effect on trading, as well as the overall popularity of Bitcoin and other cryptocurrencies.

What's happening now is that the crypto market is going down as a lot of negative news being spread including the news of the collapse of the FTX exchange affecting the market in the last few weeks.
We've seen a lot of explanations about the impending recession as well as inflation that will be big but that doesn't make me think bitcoin will go down even though I can't predict the price of bitcoin to $13,000 that you mentioned so what I believe is when the positive news comes out then this will create a good trend again for the future, but we don't see some other bad effects that are precisely what affect your mind.

[Ebede]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

A bearish market in cryptocurrency is bringing it Italian degradation or transfer in the market so I believe that the difficulty are facing today in cryptocurrency because of the bearish market and another thing that is supposed to understand it that without a bearish market bitcoin investment cannot be stand

[michellee]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

We have seen the impact of the decline in the price of this crypto and decreased our investment value. That means we are at a loss, but as long as you don't sell your crypto assets, the investment you see will definitely increase again after the bull market returns. You really have to be able to take care of your crypto assets and don't be lured in by negative news from out there because that can make you panic and sell your crypto assets right away. This is the time for us to become strong hands in holding our crypto assets so that when the bull market comes, we can get profits again.

For someone who is well prepared about the recession, they don't need to sell some of their cryptos only to have more money in them to use and to survive but for those who aren't then they will do the opposite thing. Cryptos should be helpful in terms of recession but not this way when we sell at a loss.

If only not because of the bear and the negative news, crypto markets are healthy right now and people can get something out of it to help them combat the problems of inflation and recession. This bear is at the wrong time not only because of that but also because people are in tight budget right now so they find it hard to accumulate more coins.

They should be able to buy more because using the same amount of money can get more units, which is very profitable for them. That's the point if we can share the capital we have so that we use the recession to buy crypto that has the potential to increase again. And that is also the point for us to divide capital for investment and money for daily needs.

The current bearishness in the crypto market is a defining moment for those coins so only those with real benefits will exist in the crypto market. This is also a market cleaning of useless coins.

No doubt, the cleaning process has already begun, though it is painful & could be lengthy but in the best interest of the market in the long term. New entrants in crypto market always suffer huge losses in such project which have no use case. Once cleaning process is complete, we will witness huge investment from intuitions and genuine investors.

And this cleaning process can make us lose our patience because we don't know when it will end and we can only hope this process will end soon. But newcomers to the crypto market can avoid the purge process of the market by seeking more information so they are not affected. What's more, they can only invest or trade in bitcoin so we can avoid that big loss in investing or trading in altcoins.

[el kaka22]

People need to realize that there are too many "weak hands" in the market and that is very important to get rid of them. I know that it could be bothering you, and I know that it is causing a little trouble in some peoples finances, especially in a period like this that means people lack the funds so many more become weak hands because of the economy in general.

But, you gotta realize that it’s not a big problem and we should be fine about it. Just hold your ground and do not let the market make you fear for your money and cause you to sell. Hold it, and hold it for long term, even buy more if you can afford to and eventually you will be the one that profits.

[Guessti]

Resessions seem to just pump up Bitcoin more, mainly if they print money.

[Fundamentals Of]

I think Bitcoin could have mimicked the global financial situation and recovered significantly if not with FTX falling. The failure of FTX has caused so much damage to the market. And even if Bitcoin wasn't really about FTX at all, it cannot totally separate itself from the ripple effect of the crash. It is possible we have already crossed $21,000 or even $22,000 by now if Sam Bankman-Fried's irresponsible management and handling of his businesses didn't cause his large empire to implode.

[Chato1977]

The recession understands people like you who are facing Investment and financial difficulties. Do you feel that a bear market in risk assets mimicking the global financial crisis, big losses are yet to come?

If I am not mistaken here , this is the 3rd or 4th thread that I come across that made a 13k prediction for bitcoin this year .

but are we truly believing this? or we are just preparing our self once this happen so we will not feel bad for not selling now and wait for that lowering?

anyway , I am ready , if this comes then there is a funds reserve for buying , and if climb then i will sell with good profit.

[wxa7115]

As long as you not sell your coins, you wouldn't suffer losses since it's still an unrealized loss. I think people who invest in Bitcoin didn't really care on the next year where there many rumor that economy will be in bad condition because they're looking for long term holding. Since Bitcoin's fundamental is really strong and Bitcoin has been declared "dead" for so many times, but in the end Bitcoin will comeback and recover. This make they're trust Bitcoin 100%, just accumulate every dip if you have idle money.

It is important that investors understand this simple concept, and while I can get why they are scared by what happened in the market and the potential losses they could suffer they still need to remain calm.

Because even if the prediction of the OP becomes true and bitcoin drops to 13k there is no reason to sell our coins, the market will eventually recover and if you sold out of panic then you will miss on some massive profits, and not only that it is possible you will make the mistake of buying at a high price again only for the bull market to end shortly after, so the best thing to do right now is to do some DCA, but if you do not have the money or the courage to do it holding your coins is more than enough.

[skarais]

It is important that investors understand this simple concept, and while I can get why they are scared by what happened in the market and the potential losses they could suffer they still need to remain calm.

I know some of our assumptions and advice will make sense to anyone looking to invest in bitcoin so far, especially those new to it. But I'm not sure if what we are currently worried about is really impacting investors or not because Experienced Investors are way better than we think. Even seasoned investors can feel comfortable enough holding bitcoin without selling them in a crashing market while they can also accumulation more bitcoin at low prices.

We know that only a strong hand will make big profits in crypto, and otherwise anyone panicking will only be surprised when these people take their profits later. Indeed, all of these are difficult decisions when mentality and experience are inadequate, but everyone must start learning from the success experiences of others if they want to be successful too.