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Author Topic: Will Btc get to $12k or $10k  (Read 1908 times)
Abiodun20 (OP)
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January 15, 2023, 08:10:30 PM
 #1

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??

this should be a mini pump
because Btc is resting at a critical supply zone. If it breaks and close above it, we may not see 12k. If not 12k here we come
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January 15, 2023, 08:16:24 PM
Merited by Ryu_Ar1 (1)
 #2

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro

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January 15, 2023, 08:27:56 PM
Merited by Ryu_Ar1 (1)
 #3

Let me check my crystal ball and I'll get back to you.  Cheesy

Joke aside, no one knows the bottom (or top) and those who think they do (like those people you mention) are full of shit and you shouldn't listen to them. If you are asking about the bottom because you are waiting to invest, I think that you consider DCA investment method so you don't have to worry about tops and bottoms and instead focus on  acquiring more bitcoin. On the other hand, if you are trader and you came here to ask us where it is going, then I would suggest you that trading is maybe not for you.

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January 15, 2023, 08:32:23 PM
 #4

There's no use trying to predict the bottom or top.

If you really believe in this asset class, then dollar cost averaging on a regular schedule and HODLing for the long term is the best you can do.
The best time to do this is when we are in the bear market. I have been DCAing since bitcoin dropped to 40k and below.
Luckily most of my buys are when price is 20k's and sub-20k's.

I won't be selling if price goes to 14k or even 10k. I will just buy more.


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January 15, 2023, 08:48:15 PM
 #5

Nice of you to visit this part of the forum. It seems you finally took a break from bounties and moved to bitcoin prediction. The guys at wall observer are very good at this stuff, you will get a positive feedback there. 8/10 they predict bitcoin is going up. In my opinion, those callers you are listening to aren’t professionals even if they are, one thing I’m sure of is that nobody can predict the market 100%. Bitcoin trading isn’t like stocks where a few people have insider information they can leverage on.
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January 15, 2023, 08:49:06 PM
 #6

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??
More pump is possible but for bitcoin to go above $20000 may take a long time, the price may decrease back but not up to $15400 and increase back until it later increase above $20000 very well.

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.
Yes but bitcoin is not going below $10000, even bitcoin may not go below it lowest price last year again which is $15400. Bitcoin may decrease back but not going below that price and what we are going to notice later on is that the price will reach ATH.

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January 15, 2023, 08:58:34 PM
 #7

Short answer: We don't know

As it stands today, bitcoin may have recovered a fair bit of its valuation from last year's collapse, sitting at a snug 20-21k just around yesterday. Although this may change in the coming days for the better or for worse. All in all, we can't really tell if bitcoin is going to drop to one lint a piece or if it's going to reach its ATH. We can only predict. 20k may seem reasonable now but without proper reason for it to be valuated, it's going to drop real soon anyway. As of now no good news has come around for bitcoin's value to soar up so best we stay put and updated.

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January 15, 2023, 09:01:09 PM
 #8

I don't like to speculate on this because I'm just going to continue to enjoy the current flow, whether it's a temporary increase like now or it does come back down to the price you said I don't really mind about that at the moment. Instead of speculating on very old stuff I prefer to focus with my DCA on this as I really think it's still very useful to me. because at this time, rather than waiting a lot, it's better to buy a lot Cheesy

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro
Let me check my crystal ball and I'll get back to you.  Cheesy
btw I am amused when I read this lol

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Abiodun20 (OP)
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January 15, 2023, 10:04:49 PM
 #9

My take: BTC will be somewhere between $500 and $1,000,000 at the end of the year.

Source: trust me bro

what...... 😄 let see what's going to happen, don't think, that's gonna happen this year
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January 15, 2023, 10:14:41 PM
 #10

A general rule you can take is that the lows matter far more for prediction and accuracy then peaks and this is true on every time frame.   A pan that froths over may be found to be only half full, it shouldnt be a surprise that both conditions can be true.   BTC to me resembles a commodity market where sharp moves are normal and volatility is not an exceptional situation.   The problem with measuring low prices here is it will take time, confidence builds more slowly then speculative trading which spikes and then can lose half or more of its gains.   
  For 2023 its a revision year imo, we will revise all of the 2022 prices.  Dont expect too much more then that, my rough estimate back in April was 2019 peak prices for a future low and I didnt think that would happen just that it could and more or less we did something close to that.   BTC is doing fine imo long term its most important movements are year to year.

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January 15, 2023, 11:13:21 PM
 #11

Different experts make different comments.  Many experts have pointed out that Bitcoin will be dumping at $10k to $12k.  But nowadays it is completely opposite.  Because the price of Bitcoin is still going up.
It is normal for Bitcoin prices to go up and down because now is a great opportunity to invest long term.  Here if you want to do trading then you can do trading for part time period.  But you can't ignore these things when it comes to where Bitcoin is headed.  Currently, the Bitcoin Bitcoin momentum is upward.

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January 15, 2023, 11:49:56 PM
 #12

All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??
What I've seen lately is a price increase in Bitcoin and not a dump, so it could very well be that $15.4k was the lowest price in Bitcoin in the last year and it's also very possible for Bitcoin to move upwards on a gradual increase, so there is no need to believe the caller because maybe they just want to create panic in some people so he can buy Bitcoin at a lower price.

Quote
this should be a mini pump
because Btc is resting at a critical supply zone. If it breaks and close above it, we may not see 12k. If not 12k here we come
I also don't think about $12K coming, because yesterday I already saw $21K in Bitcoin though not for a long time. This means that Bitcoin has the potential to get a bigger fix this year than a drop in price although it is still very much a possibility.

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January 15, 2023, 11:56:01 PM
 #13

All the so-called callers/experts or known personalities giving prices are just speculations, nothing else. "Speculation - the forming of a theory or conjecture without firm evidence". Anyone can do it, giving wild guesses out of nowhere. They ain't a time traveler. Some are doing it on purpose to make worries from weak people and sell their assets so that they have the opportunity to buy at a cheaper price.

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January 16, 2023, 12:03:22 AM
 #14

Let me check my crystal ball and I'll get back to you.  Cheesy

Joke aside, no one knows the bottom (or top) and those who think they do (like those people you mention) are full of shit and you shouldn't listen to them. If you are asking about the bottom because you are waiting to invest, I think that you consider DCA investment method so you don't have to worry about tops and bottoms and instead focus on  acquiring more bitcoin. On the other hand, if you are trader and you came here to ask us where it is going, then I would suggest you that trading is maybe not for you.

Exactly my point

though, am not a trader yet, still a student learning, and still early in the space
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January 16, 2023, 03:50:35 AM
 #15

It seems like this is similar to what happened exactly in 2018…2019. We broke support in Nov 2018 and we traded sideways until April and in April we had a 25% week just like last week.

So if history is any indication we bottomed at $15k. Will probably pump to some number like $30-40K and then head back down and trade sideways again for rest of year.

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January 16, 2023, 04:22:30 AM
 #16

Let me check my crystal ball and I'll get back to you.  Cheesy

Joke aside, no one knows the bottom (or top) and those who think they do (like those people you mention) are full of shit and you shouldn't listen to them. If you are asking about the bottom because you are waiting to invest, I think that you consider DCA investment method so you don't have to worry about tops and bottoms and instead focus on  acquiring more bitcoin. On the other hand, if you are trader and you came here to ask us where it is going, then I would suggest you that trading is maybe not for you.

Exactly my point

though, am not a trader yet, still a student learning, and still early in the space

As early as now, you should be having Btcs while you're still a student. The world after being a student is so cruel and you might not want to work for an inconsiderate company.
Right after you finish your studies, those Bitcoin you have accumulated today, while you're still a student will help you build your own business.
As for the BTC price concerns, DCAing is the perfect investment entry plan.

R


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January 16, 2023, 04:28:29 AM
 #17

The market always has two sides, the bears and the bulls. The bears will always want bitcoin to fall back and fall as deeply as possible, while the bulls will always want bitcoin to bounce back and hit new ATHs. So, there is no one accurate prediction of the bitcoin price or market movements. There are no experts in the market, we are all the same, and our predictions may or may not be correct. You should do your own analysis, don't invest according to someone's predictions.

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January 16, 2023, 04:41:06 AM
 #18

Quote from: Abiodun20
All the callers, saying Bitcoin will get to $12k $10k or below, we haven't see $14k so far, is $15.4k the last bottom for btc or we are still going to see more dump??

I don't think, investors will experience more dump in this new year because there are some signs in the market that showed that bullish is about to remain stable so that those that purchased Bitcoin few months ago can use this opportunity to release them to the market to make a good profits that will put smile on their faces. The last bottom was $16,232 before we crossed over to 2023 and the price has pump to $21,0431 in this month of January for those waiting for the price of Bitcoin to drop down to $12,000 or $10,000 to believe that the bullish season has come for those that invested well to exercise patience for the price to hit their expectations before they can visit the market.

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January 16, 2023, 05:14:49 AM
 #19

I risk saying it won't. It's just a personal prediction which can be right or wrong, but it doesn't look like Bitcoin can retreat to that point anymore, unless another FTX scam happens this year.

Even during its worst moment last year Bitcoin didn't fall to that price range.

I'm being careful with such chaos' prophets, because they can be actually whales manipulating other investors. So you wait BTC to hit 14,000$, it never happens and they buy the dip as soon as BTC hits 16,000$-18,000$, which immediately returns to above 20,000$, and you stay out of the party...

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January 16, 2023, 05:33:55 AM
 #20

Yes but bitcoin is not going below $10000, even bitcoin may not go below it lowest price last year again which is $15400. Bitcoin may decrease back but not going below that price and what we are going to notice later on is that the price will reach ATH.

Not saying that it will not happen because it's definitely unlikely, but it's absolutely very possible. Take note that $10,000 is merely just approximately 55-60% down from here. If there's something I've learned about bitcoin after 7 years, it can definitely surprise people — both in the upside and the downside.

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