What Will Be bottom Of BTC in 2022 Year ( Current Price= $16000 )

[Chato1977]

There was still news about Crypto lending companies going bankrupt so we might just see another blow to this market before we can finally see the bottom. Genesis hardly gets funding support. Once they file bankruptcy that will bring the price down.

Genesis bankruptcy will truly brings bad reaction towards market (but I wish this will not happen) and there are so many things to consider so lets see if what will happen in the coming months or next 2 years till 2024.

The only hope that is pulling up is Binance recovery funds increasing through help from the industry.

but Binance is still down badly mate, though today Bitcoin steps 17k once again and looking at it the effect will scattered to whole market now or this week.

[1714551090]

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[1714551090]

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[Yatsan]

There was still news about Crypto lending companies going bankrupt so we might just see another blow to this market before we can finally see the bottom. Genesis hardly gets funding support. Once they file bankruptcy that will bring the price down.

Genesis bankruptcy will truly brings bad reaction towards market (but I wish this will not happen) and there are so many things to consider so lets see if what will happen in the coming months or next 2 years till 2024.

The only hope that is pulling up is Binance recovery funds increasing through help from the industry.

but Binance is still down badly mate, though today Bitcoin steps 17k once again and looking at it the effect will scattered to whole market now or this week.

Exchangers has relative market price for cryptocurrency. The only way Binance is helping this industry is by being responsible with their funds and not contributing to what happened with FTX. Indeed the market is still down and the chances of its price to reach $20k is a bit blurry at this moment. We're only days before this year end so I guess the market value of Bitcoin will be stagnant at the range of $16k and that I think is not a bad thing not unless it would fall to $10k which could be critical not only for Bitcoin but to this industry in general. Why? Simply because it will more struggle to recover given that the next anticipated market pump wpuld be on 2024 wherein next bitcoin halving is also anticipated. So for now, as cliche as it sounds, hold and be firmed.

[TravelMug]

Ok, it seems that we have the bottom for this year already, at $15,500. And currently we might end the year just above the $16,500 price point. So yes, officially this year is worst for us, many black swans like the Terra Luna and then the FTX fiasco which still up to this day, has been haunting the market as we were not able to bounce back to $18k-$20k. Just remain positive though, market might be bad, but hopefully 2023 could be different, might see some pump that will push up back to our biggest support of $20k.

[FUCKBSVFUCK]

$16000 is actually an outrageous number, so if you are lucky the price will really fall down to a certain point in the next 10 years. $16000 could be the lowest in 2022 that I can count, even though that might not happen and the lowest in 2028. Maybe if you look at the chart you can actually see that this price is actually starting to crash a bit in the future and it might not crash very much and that is something that we could really be waiting to see.