will bitcoin go back to 19000

[btc78]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

it is now and staying this low , 19,000 is seems to be the price before the end of 1st quarter and looks staying this for another months .
as the Halving come to near at least 2 years , the movement of the market is constantly moving nowadays and I know that this will take another years before stabling once again .

[STT]

In fact, historically, this is the first time bitcoin has traded below 200 MA for such a long time.

Certainly felt that way and I was thinking the same but I then I was remembering the nuclear winter dystopian post apocalyptic fallout that was the post 2013 peak era.  It was a while ago now but yes this dragged on for years, so much as to submerge BTC price action below the 200 week MA for 14 months of dreary plodding.
   I did sell some BTC in 2016, terrible timing as that was the time to buy be patient, notice small measures build and I should have read it better but people for sure got worn out and give up or forget.  Anyway BTC this time is not even at 1 year in this negative way, it is quite a bad sell off but despite the set backs in this year we are quietly more positive, a slow runrise & I hope I can be patient and learn my past lessons not forget.

[S A KHAIR]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000? or after this decline bitcoin will go back up higher ,,,?

and also I want to know what caused the bitcoin price to drop drastically?

it is now and staying this low , 19,000 is seems to be the price before the end of 1st quarter and looks staying this for another months .
as the Halving come to near at least 2 years , the movement of the market is constantly moving nowadays and I know that this will take another years before stabling once again .

I think the halving is just over a year away, we're pretty close to it, but since the economic situation is making things worse and more unpredictable. But that doesn't matter, I believe that even if history doesn't repeat itself, an increase in the price of bitcoin is almost inevitable because, with its increasing popularity, the demand for it will continue to grow, thus increasing the price.

[Abiky]

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts

[buwaytress]

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts

We don't think the Fed can, but the reality is they can do whatever they want to do. Obviously, it can't go too crazy but even 0.75 points hike each quarter is not unthinkable -- and the theory from even last year from some economists actually was that the Fed wanted to create a recession (despite saying that's not what they want, actions speak loud).

And yeah, 2024 had always been the earliest we'd recover properly in my mind. Not sure why many people thought it'd be this year when we've barely spent a year coming down from ATH.

[huu78]

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

[Mozzart]

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

But at the same time, there is good news, usdc survived and did not fall below, which is very pleasing. I thought the consequences would be worse. so at the moment level 20k looks pretty good.

[cryptoknightt]

Bitcoin is currently experiencing a fast and unstable ups and downs phase. they are young to touch 19000 and easy to return to 21000. so far i see that bitcoin will experience a very rapid decline later in the day ahead of the bitcoin halving 2024. i see graphs of each past year.

[fzkto]

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

So far, bitcoin is bouncing back to almost 21k again. Hopefully the new week will start with a price increase and 19k will not happen again. News about further rate hikes are already known. Problems with the USDC have already happened as well. I don't know what else could be causing further price declines. Hopefully there won't be any new shocks for now.

[Woodie]

right now I see the price of bitcoin on an exchange which is 21750, and has decreased by approximately 6% and I want to ask everyone,
is it possible that bitcoin will return to the price of 19000?

We can not rule out this possibility out, and the fact that for bitcoin to gain momentum like any other asset...the mechanics require that it sells to buy to generate liquidity which will act as the fuel to help price break any barriers keeping it this low!

So this will happen in such a way that all sell stops or buy limits at 19k will be wiped clean leaving price with the momentum to go up, lets watch this space.

or after this decline bitcoin will go back up higher ,,,?

like clockwork , same old tricks just a different day

and also I want to know what caused the bitcoin price to drop drastically?

For me I would say that price action went as expected and any trader will tell you the bearish move was foreseen, in some circles they clain NFP contributed to the current price we seeing.

[Baofeng]

So yeah, clear as mud. Honestly didn't see it coming. Even with Powell's weird messaging on interest rate hikes, markets didn't immediately respond -- guess it took a while to sink it. Dollar's once more rising against euro and other currencies, and as expected Bitcoin's following suit.

So I think that's the cue for the next year or so. Dollar strength, and all reliant on what the Fed does.

The FED can't keep raising interest rates forever, else the economy would be entering a deep recession. At some point in the future, it's going to stop. That would be the moment for Bitcoin to go all the way to the moon. In the past few days, BTC went close to $19k but went back to $20k after USDC lost its peg.

I think we'll be able to see new lows for the cryptocurrency if the FED continues to increase interest rates through the course of the year. Maybe it'll go as low as $15k before bouncing back to its original market price? We can't expect any "bullishness" on the market until the next Bitcoin halving in 2024. That or the following year would be very exciting for those who bought BTC during the dip. Who knows if $100k becomes a reality soon? Just my thoughts

As I have said in the past FED's announcement with regards to US numbers will also be bad for us. But the thing is that most crypto investors are very well aware of the impact and thus, maybe just waiting for the price to go down more, as you have said, < $20k and then started to stock pile again. And even with the Silvergate and the USDC issues in the last couple of days, the price didn't go that way below as others might have expected. Again, after that dip to $19k'ish, market has now bounce back to $22k. $100k might be our wish for now, but we all know that this is achievable in the next bull run.  . And we all know how time flies in this market, the next thing we are already in the bull run and then we go back reading this old threads and we look at how and what we wish, Lol.

[Ngewex Yuk]

Today, of course, we are very happy because the price has risen by more than 8%, and now it has reached more than $ 22400, hopefully the price will not drop below $ 20k again, but as investors we should never panic when we see the price return to $ 19k, it is often recommended experts are buying more when the price falls below $20k, and those who a few days ago bought at $19800 certainly got more than 20% profit.

[bitterguy28]

Bitcoin is currently experiencing a fast and unstable ups and downs phase. they are young to touch 19000 and easy to return to 21000. so far i see that bitcoin will experience a very rapid decline later in the day ahead of the bitcoin halving 2024. i see graphs of each past year.

while you posted this mate the market shows how increase means as it jumped from 19k to 22k again and yes continuously increasing today.
and with this I think there will be another breaking of 25k and if lucky we will see a good pump to 30k sooner this month?

and what you said is being broken because it is 22k today and in another hours? it will take 23k later today.

[Pejoh Asu]

A few days ago I was surprised when the price dropped again below $ 20k at that time I saw on several spot exchanges the lowest bitcoin price reached $ 19700, but today the price reversed 180% and has reached $ 22500 or up more than 9% within 24 hours, thing this proves that bitcoin is a very good and profitable investment and deserves to be our top priority.

[Abiky]

We don't think the Fed can, but the reality is they can do whatever they want to do. Obviously, it can't go too crazy but even 0.75 points hike each quarter is not unthinkable -- and the theory from even last year from some economists actually was that the Fed wanted to create a recession (despite saying that's not what they want, actions speak loud).

And yeah, 2024 had always been the earliest we'd recover properly in my mind. Not sure why many people thought it'd be this year when we've barely spent a year coming down from ATH.

The USD is still the world's reserve currency, so yes, the FED can do whatever it's in its best interests to help make the USD stronger (even if that results in further pain for commodities/assets and the stock market). BTC is being treated as a "stock investment" so anything the FED does can either positively or negatively affect the cryptocurrency's price in the short term. We should take this opportunity to buy cheap BTC before it goes back up again. The next halving event should make BTC scarcer, making it an appealing investment to those willing to escape the monetary system empowered by banks.

If things happen as predicted, we could easily see Bitcoin head north of $100k within 1-2 years from now. Reaching $1m would be much more difficult, but not impossible. It's all a matter of buying and holding coins to sell for profit during a bull market. As long as you don't go crazy putting your life savings into BTC, there should be nothing to worry about. Just my thoughts

[Jating]

We don't think the Fed can, but the reality is they can do whatever they want to do. Obviously, it can't go too crazy but even 0.75 points hike each quarter is not unthinkable -- and the theory from even last year from some economists actually was that the Fed wanted to create a recession (despite saying that's not what they want, actions speak loud).

And yeah, 2024 had always been the earliest we'd recover properly in my mind. Not sure why many people thought it'd be this year when we've barely spent a year coming down from ATH.

The USD is still the world's reserve currency, so yes, the FED can do whatever it's in its best interests to help make the USD stronger (even if that results in further pain for commodities/assets and the stock market). BTC is being treated as a "stock investment" so anything the FED does can either positively or negatively affect the cryptocurrency's price in the short term. We should take this opportunity to buy cheap BTC before it goes back up again. The next halving event should make BTC scarcer, making it an appealing investment to those willing to escape the monetary system empowered by banks.

If things happen as predicted, we could easily see Bitcoin head north of $100k within 1-2 years from now. Reaching $1m would be much more difficult, but not impossible. It's all a matter of buying and holding coins to sell for profit during a bull market. As long as you don't go crazy putting your life savings into BTC, there should be nothing to worry about. Just my thoughts

I would agree that $100k is within the realm of possibility in the next bull run, just like when we thought that we can achieved $50k rally in 2017 and then 6 digits in 2021. And it seems those prediction are like shy of 1 halving. So if we didn't make it the last time, maybe in 2024-2025 it will be achievable.

And today, there is a break out run to $22k, we successfully defended $20k, and when that happens, we can assumed that the rebound might continue and we be back to where we are around $24k and next is that big mental barrier of $25k.

[G_Besar]

it seems that the speculation has been reached even though it has not yet reached below 19000, but this indication is making a signal or a sign that the market is in a downturn.
I'm not sure if bitcoin will drop any further, but with so much fud going around the odds are getting bigger.

And today a change in the price of Bitcoin has occurred again with an increase in price from $20K to $22K+ which indicates that Bitcoin is still highly targeted and sought after by many people to buy so that price increases in hours and days can still occur and I hope in this month Bitcoin could be back in the $25K price range or even more.

But at the same time, there is good news, usdc survived and did not fall below, which is very pleasing. I thought the consequences would be worse. so at the moment level 20k looks pretty good.

It seems you need to understand several categories of coins and currencies. Because you don't seem to know that USDC is a stable coin whose price always lasts and doesn't experience movements like other coins that are not stable coins. So don't equate USDC price movement with Bitcoin price movement at any time as long as USDC is still a stable coin in the crypto space.

[Franctoshi]

The official bank runs has kick started , silvergate, Silicon valley bank has collapsed as a result of Fed jacking of rates and with this contagion event hitting the banks, great depression has started already. Fed is going to have an emergency meeting soon and likely Banks bailouts will begin, basically start pumping of money into the economy.

Bitcoin had a nice pullback and reached price target perfectly at 19k level as expected and got a nice bounce following the news about Fed's possible bank bailout.
Therefore, In my general view about Bitcoin's future price, Bitcoin needs to hold the $21.5k and $21k support level and too if Fed says they're stoping rate hikes in their next meeting and they come in to bailout the banks, This will be a catalyst for Bitcoin to start skyrocketing in price.

[Fredomago]

Today, of course, we are very happy because the price has risen by more than 8%, and now it has reached more than $ 22400, hopefully the price will not drop below $ 20k again, but as investors we should never panic when we see the price return to $ 19k, it is often recommended experts are buying more when the price falls below $20k, and those who a few days ago bought at $19800 certainly got more than 20% profit.

A matter of good judgement when the market is falling those who manage to buy at the price of $20k are now enjoying more or less 10% of the profits, though it create shake to the entire market and the usual rection for traders is to panic and to sell to avoid losing more, for risk takers and those who believe that it was a good opportunity, they are the one who gained decent compensation now.

It's your knowledge with regard to how the market play and how will you maximize the potential benefits.

[RealMalatesta]

The official bank runs has kick started , silvergate, Silicon valley bank has collapsed as a result of Fed jacking of rates and with this contagion event hitting the banks, great depression has started already. Fed is going to have an emergency meeting soon and likely Banks bailouts will begin, basically start pumping of money into the economy.

Bitcoin had a nice pullback and reached price target perfectly at 19k level as expected and got a nice bounce following the news about Fed's possible bank bailout.
Therefore, In my general view about Bitcoin's future price, Bitcoin needs to hold the $21.5k and $21k support level and too if Fed says they're stoping rate hikes in their next meeting and they come in to bailout the banks, This will be a catalyst for Bitcoin to start skyrocketing in price.

I think this is not going to be over anytime soon, there will be a good amount of time before we could see it change and I think it is going to be a tough time for people to actually consider this as a possibility. I know that it is not going to be that easy to consider this as an option for a while but this bank run shows once again that everyone should have at least a bit of bitcoin.

I have all my savings in bitcoin and I am not suggesting everyone around the world to the same, that would be too much for people who never had any, and this volatility that we have could hurt a lot of people. However, everyone should put AT LEAST 10% of their savings into bitcoin.