Bitcoin 12,000 in 2023.

[crypticj]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

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[Don Pedro Dinero]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

I believe it's FUD but even if it was true I couldn't care less at this point.

Bitcoin is unique and, above all, scarce. Keep selling in the short term thinking it will go down and I will keep accumulating.

[mk4]

Bitcoin crashing down at those price points have always been a possibility, knowing how volatile bitcoin is and knowing how uncertain the current economic state is. As always with investing, you just have to position yourself in a way that you can take advantage of both a price increase, and a sharp price drop.

[Edwardard]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

Highly likely.

The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower.

Jerome Powell said in his previous speech (in Dec. 2022)that it will take atleast another year to get things under control back again.

And the biggest thing is that we still didn't feel the effect of the rate hikes.

You're wrong here. The rate hikes narrative started since last year and the prices fell from 69k to under 20k. So the effect is there, you cant say we got here without rate hikes.

I believe it's FUD

Having a different opinion on price behaviour is completely okay. Not everything is considered fud

[davis196]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

Which economy are you talking about? In my country, the unemployment rates are really low(below 5%) and there isn't any clear sign of recession or growing unemployment. Just because the economy in your country is bad that doesn't mean that the global economy is bad.
Yes, the possibility of Bitcoin going below 20K is still there. After all Bitcoin is a highly volatile asset and there will always be price drops.
Should we really be worried about a Bitcoin price drop? I don't think so. Just sell and wait for a lower price or just DCA and keep accumulating.
I think that the massive BTC bull market will occur after 2024.

[jossiel]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

It's possible, it's just been there so possibilities are endless that it could go under $20k again. Honestly, with all these crises that are happening, we've dealt with it pre-pandemic. We all thought that it would crash the market but it reversed our expectations.

The price of bitcoin has increased even more and gave way to the last ATH on 2021. I guess the same thing might happen again, halving next year, with crises that we have to face including the vast layoffs.

Maybe it will be the opening to make the price of bitcoin higher again by end of 2024-2025.

[bitzizzix]

Everything is only temporary in the end the price of bitcoin will still go up, and it's only a matter of time you don't need to worry. A wise attitude that must be applied and always take advantage of declines to accumulate or do DCA and hold it for the long term, and keep in mind that the market price of bitcoin or crypto is still very volatile and cannot be predicted with certainty. Because whatever happened was due to several factors that we also don't know.
and although an increase in interest rates may have a certain effect on the crypto market, there is no guarantee that this will definitely happen. But an increase in interest rates can also affect the inflation rate, which can affect the value of crypto or bitcoin assets.

[TravelMug]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

Anything can happen, not the first time that we have heard this kind of crash, not only this but for sure in 2018 we all have heard that Ethereum will take over the lead with the so called Flippening.

So in any case, I would say just be careful what you wish you, maybe it will happen but the question is can you take that advantage and buy more when the price hits $12k this year?

[coinerer]

Bitcoin price is increasing day by day and it looks like it will go up slowly now so I don't think it is a reliable prediction that Bitcoin may crash again to $12000. Bitcoin is currently priced at $23k so it doesn't look like it will drop below $20k again. A few days ago when Bitcoin dropped to $15400 that was the lowest price Bitcoin could hit.  I personally don't think Bitcoin will ever go below that. And those who invested in Bitcoin at that time are now entitled to a large profit and holding it long-term will yield many more profits from here.  So I think those who are waiting for Bitcoin to hit 12k are making a big mistake

[Broadanbig]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

As we all know, bitcoin is volatile so the possibility of it crashing is not a new thing and it might likely crash below that but in as much as it is crashing, I just feel this is the right time to bag more. It would be on the favourable side that one takes advantage of the current market situation by taking a good position if it because it would take the test of time and bounce back with full momentum to the peak. This time around, it would definitely go beyond it's ALL TIME HIGH. In as much as no one knows the next step of bitcoin, the speculations are coming and some are kind of accurate but that does not mean that they are all in it as the market is generally volatile. In all, if you can, bag more of bitcoin for a long time and wait for the next bullrun.

[BenCodie]

I think 11-12k is still the potential bottom point. I hope so for the sake of another buying opportunity. I am worried for my hope that this gives my bias toward that bottom point! It is looking nice after this past few weeks though.

[NeuroticFish]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

It's not unlikely, but I think that the chances for this have decreased greatly with the price upwards movement during most of January.
As I also said, after such a move for so many days, a correction was bound to happen. But this should not necessarily mean it'll drop back to 12k like levels.
But overall it's hard to tell. Some say we're out of crypto winter, some say we're not and it was a fake breakout. The truth is that we're in sort of "gray area" (in between). So I can easily expect some agree with you and some oppose the idea.

However, why is this in Bitcoin Discussion and not in Speculation where it belongs?!

[glendall]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

Which economy are you talking about? In my country, the unemployment rates are really low(below 5%) and there isn't any clear sign of recession or growing unemployment. Just because the economy in your country is bad that doesn't mean that the global economy is bad.
Yes, the possibility of Bitcoin going below 20K is still there. After all Bitcoin is a highly volatile asset and there will always be price drops.
Should we really be worried about a Bitcoin price drop? I don't think so. Just sell and wait for a lower price or just DCA and keep accumulating.
I think that the massive BTC bull market will occur after 2024.

nnow I ask you which country do you live in, you are very lucky to live in a country where unemployment is only 5% and not experiencing a recession. as we know many countries are experiencing a recession, I mean in my country there are many companies that lay off their employees for the sake of the company's survival.
I am aware that my country does have a bad economy in my view,

[hZti]

This is not really bitcoin discussion, but more trading discussion. If you want to read more about such topics I would advice you to go there.
What is the general thing that will come up, is that there are many factors that can not be predicted, that will influence the price a lot. This will be especially connected to the war in Ukraine and possible sanctions on bitcoin.
In my opinion however it was never wise to be bearish on bitcoin 

[Rikafip]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

That's entirely possible as we are not far away from 20k after all. I wouldn't count on it though if you are waiting for that to happen in order to buy more as for me even current price is a pretty good entry point.

I think 11-12k is still the potential bottom point. I hope so for the sake of another buying opportunity. I am worried for my hope that this gives my bias toward that bottom point! It is looking nice after this past few weeks though.

Those who wait for bitcoin to drop more for another "buying opportunity" usually don't buy it even if it drops to the price they initially waited and then just wait for another drop etc. Point is, there's no need to wait for bottom as its impossible to time it and instead it makes way more sense to just DCA instead.

[TribalBob]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?

it's normal for bitcoin to fall below 20k because as we know btc has an unstable value, when btc reaches the lowest value everyone will race to fill their bags, and wait until that time will come,

[salad daging]

That's still the closest area so there's still a chance that bitcoin will fall in a correction before it goes beyond the price mentioned I even believe it could even exceed the $25k mark in the future.
I can't conclude about the economy or inflation because it's all just FUD but if you always associate this with it then surely at least you will be affected by it, so do you want to collect bitcoins in the current economic situation?
Now I'm only focused on collecting bitcoins, even if the price is low again I'm happier because I can buy more from the DCA way.

[franky1]

first of all there is a significant reason why the market price did not go over 75k in 2021
and did not go under 15k in 2022

there is real world value premium measures
where people think too cheap, where its not making profit even for the last profitable miners standing on the planet are still mining..
where even the last seller says too low

same for the top where everyone on planet can acquire cheaper via mining thus see the market is getting too pricey where even the last buyer gives up buying at a certain level

the market speculates inbetween the value:premium window

the non zero bottom is 15k and the market went to near on $15.5k
this year its more like 15.2k in january for a non zero value bottom. so dont hope for a 12k bottom unless hashrate drops consistently for 6-24 months below current hashrate
and mining hardware gets more efficient to drop the value rate down to even give the market the option of selling while still profiting..  for the most efficient/last man standing to stil be willing to sell down to the titles $12k

.. as for dipping below $20k. well that is a rational possibility/option.. but $12k is not. not unless alot happens with the fundamentals behind the scenes

as for fiat economy impact
lets say the average investment was not everyone saving up to buy a whole bitcoin where they if they have less cash means bitcoin has to come down..
becasue wait for it. peope dont need to buy whole coins

the real average investment if you look at the coin reserves of exchanges and the customer account counts is about ~$600 each

now lets imagine fiat economy drops where people can only afford $400 investment
its not that bitcoin price drops by 33%
instead sellers offer less decimals of coin for that less cash amount
as they have real life costs to meet for their mining efforts/acquisition costs effort

you will find due to mining costs going up and fiat going down

if market price was 18k average in nov-december
a investor with $600 would get 0.03333333

which if investing in 2023 if price was still $18k
a investor with $400 would get 0.02222222

and if mining costs went up meaning sellers want the price to be 20k
a investor with $400 would get 0.02000000
in fiat company share markets where people are forced to buy whole shares
if the market average changed from say $600 where people average buy 3 shares at $200
if peoples average were to be $400 they either only get 2 shares or the market has to force the price down to $133 if buys get cancelled if not meeting a 3 share committal of $400 total. where seller are forced to sell 3 shares for $400
..
thats the beauty of bitcoin. the decimal buys means the sellers are not locked/strong armed into certain buy pressures of whole numbers

[CageMabok]

What do you guys think about the possibility that bitcoin will crash down below 20k again before going beyond 24k?
The economy is still tanking, unemployment is rising and rates are still high and we don't know when they will start getting lower. And the biggest thing is that we still didn't feel the effect of the rate hikes. Considering all this, I see a real possibility of bitcoin crashing down with other assets.
I don't see how we can get a soft landing when there is a statistic that every time after the fed pivot economy was dumping even harder.
I want to hear your perspective on this.BTC

For an economy that is still in a slump, it will still have an impact on the market and on assets like Bitcoin, but I don't think the price drop will be below $20K again. Because I see from several corrections that occurred in Bitcoin only experienced a slight decrease in a short time which then increased again. And also I don't think that unemployment which is still increasing has an influence on this, because some people who are still unemployed are because they are still lazy to work and some don't know where to work.

So there is not such a big influence from the unemployment sector because those who are still unemployed will definitely look for free things that can be used like in the crypto space even with very small amounts and this will actually trigger more crypto users. As for the perspective on interest rates that are still high, I can't give a clear enough picture because I personally have never felt the difficulties caused by this.

[Blitzboy]

Although I understand your anxiety about a possible crash, I think that it is simply FUD (fear, uncertainty, and doubt) talking. Investing always carries some risk, particularly when dealing with something as unpredictable as cryptocurrencies, but that's how the game is played.

However, I do think that when compared to other cryptocurrencies, Bitcoin is in a class of its own, and its rarity is what makes it so valuable. Those who really believe in the potential of Bitcoin will simply keep collecting. People may panic and sell in the short term when they fear the price could plummet. After all, a drop in price might be seen as a chance to purchase more items at a cheaper cost. The appeal of HODLing is that.