The BTC deep continues for the next SIX Months.

[DOH!]

A more upbeat outlook with the global economic picture that could ease the pressure on bitcoin is anticipated in the third quarter of this year.  And even if in the next 6 months bitcoin could drop but I don't think it will bottom deeper than the 15k it has formed.  The key support I think could be 19,000 if bitcoin plummets in the coming months but recovers quickly.  The 2nd scenario could be bitcoin breaking through the key friction of 25k and hitting $28k and keeping the next bullish bottom at 25k.  I'm ready with these scenarios and lined up to act accordingly.

[1715175434]

1715175434

[_BlackStar]

I think it doesn't matter if the price continues deep for 6 months, bitcoin can provide big profits if we hold it for the long term, it's better to make big profits in 2 years than having to sell at a loss, now is the time to keep buying and if the price has gone up 2x or more then we can sell some, don't be pessimistic about the future of bitcoin.

Optimism about bitcoin's price potential in the long term is worth maintaining, I think the odds are quite reasonable as far as bitcoin is concerned. I mean, I'm not sure any other crypto will have the same potential compared to bitcoin, so buying bitcoin now and holding it is a really wise choice.

But despite the high hopes about the price of bitcoin in the long term, you also can't 100% get all your budget on bitcoin. The fact is bitcoin is a risky investment asset, even if you are sure you can maintain its security but you never know what will happen in the future. So consider your risks wisely.

[STT]

Its challenged, that doesnt make it without hope.   We can swim upstream despite the struggle BTC could do well but I think its going to struggle this whole year rather boom which some might hope for.  Today its declined from a trend set since mid Feb and so it seems to continue, brief rally and sell mostly amounting to sideways.

[wxa7115]

A more upbeat outlook with the global economic picture that could ease the pressure on bitcoin is anticipated in the third quarter of this year.  And even if in the next 6 months bitcoin could drop but I don't think it will bottom deeper than the 15k it has formed.  The key support I think could be 19,000 if bitcoin plummets in the coming months but recovers quickly.  The 2nd scenario could be bitcoin breaking through the key friction of 25k and hitting $28k and keeping the next bullish bottom at 25k.  I'm ready with these scenarios and lined up to act accordingly.

Even if the price of bitcoin went down again it is unlikely it will go below the 20k support level, and even if it did I think a price below the bottom of 15k is incredibly unlikely to be reached and it will require external factors for it to take place.

However the most likely outcome during the next months will be for the price of bitcoin to remain close to the current levels with several attempts to try to go above the 25k resistance level, attempts which I think will fail as there is not enough strength to surpass it at the moment.

[Don Pedro Dinero]

Even if the price of bitcoin went down again it is unlikely it will go below the 20k support level, and even if it did I think a price below the bottom of 15k is incredibly unlikely to be reached and it will require external factors for it to take place.

However the most likely outcome during the next months will be for the price of bitcoin to remain close to the current levels with several attempts to try to go above the 25k resistance level, attempts which I think will fail as there is not enough strength to surpass it at the moment.

My reading is very similar to yours. I think the next few months are going to be rather monotonous. The economy in general is not very bullish and that is going to influence the bitcoin market. On the other hand, there is still more than a year to go before the halving, and the bull market usually happens a year after it. I also don't think, like you, that we are going too far down, and the OP doesn't justify his idea, I think he is simply expressing a sentiment, not a justified one.

You have to take the long view, guys. Take the opportunity to accumulate, as we are sure to pass the 100,000 mark at the next bull market, and that's 5x from this level. If we think longer term, even better.

[speedy963]

It's only to be expected on volatile assets such as Bitcoin to have this unusual movements on the market. It also doesn't mean it will deep for the next 6 months or so, the same goes for the opposite. A lot can happen during those times and we could only expect the unexpected when the time comes.

I understand that it's not wrong to be prepared for anything that might come, but during the time I was taking my sweet time off the forum and the crypto industry, I still see news and other articles related to crypto, and nothing much has been different or nothing much changed aside from a trading company that filed bankruptcy, and for me the market's movements are pretty normal.

[Pejoh Asu]

Many people panic when they see that the price of bitcoin is still red for a long time, but for those of us who are used to investing in bitcoin, of course this is normal and will not be affected, there is an opportunity to make a profit when the price drops, of course by buying a lot, if we are too bored then leave for a while better, this is what I did when the price drop in 2018 and I haven't seen anything about crypto in almost 4 years and know the price skyrocketed when it hit $ 52k at the beginning of the year.

[Note3]

I think it doesn't matter if the price continues deep for 6 months, bitcoin can provide big profits if we hold it for the long term, it's better to make big profits in 2 years than having to sell at a loss, now is the time to keep buying and if the price has gone up 2x or more then we can sell some, don't be pessimistic about the future of bitcoin.

There is nothing to worry about because every correction is only to make a balance at the price of Bitcoin.

Most who are always focused on prices are those who don't have bitcoin and only as observers.

Who have bitcoin is always optimistic about market conditions, a few percent changes in price should not make panic.

[19Nov16]

I think it doesn't matter if the price continues deep for 6 months, bitcoin can provide big profits if we hold it for the long term, it's better to make big profits in 2 years than having to sell at a loss, now is the time to keep buying and if the price has gone up 2x or more then we can sell some, don't be pessimistic about the future of bitcoin.

There is nothing to worry about because every correction is only to make a balance at the price of Bitcoin.

Most who are always focused on prices are those who don't have bitcoin and only as observers.

Who have bitcoin is always optimistic about market conditions, a few percent changes in price should not make panic.

Right, most of those who guess too much or price analysis are observers, they don't have bitcoin, I'm sure investors never panic with any situation, even when the price goes down they have prepared funds to buy more, I'm also waiting for the price to be corrected again to buy , I plan to hold at least after the halving day next year.

[traderethereum]

Many people panic when they see that the price of bitcoin is still red for a long time, but for those of us who are used to investing in bitcoin, of course this is normal and will not be affected, there is an opportunity to make a profit when the price drops, of course by buying a lot, if we are too bored then leave for a while better, this is what I did when the price drop in 2018 and I haven't seen anything about crypto in almost 4 years and know the price skyrocketed when it hit $ 52k at the beginning of the year.

It was their own fault if they panicked and could not control themselves when the market was still red.
They should have learned about controlling themselves when the market is declining so they could see an opportunity to buy bitcoin at a low price.
If they can buy it, they will have the opportunity to profit in the future, especially if they can buy bitcoin in large quantities.
We will see the price of Bitcoin reaching $ 52K again, even though we don't know when it will come.
The important thing is that we can accumulate more bitcoin from now on because the price has fallen deeper.

[doomloop]

i dont understand about saga your talking about, but i also have prediction that bitcoin will go down more than 15500 last year.
maybe going to around 12k  or more, i dont know where to go the certain price but it wont go up for now.

Are you being serious there? What actually makes you think that the price of Bitcoin will go as low as $15.5k? I know everything is possible in a volatile market, but the bull circle is almost about to finish, and the price tends to go up from this point. Even if it goes down, it won't go any lower than $18k or by least $17k.

I understand that the price is showing some stability these days, and it might even get drop, but as I said, our target in the mind should be at around $20k, and then it will probably start rising up again as more buying pressure hits the market.

[BITCOIN4X]

Are you being serious there? What actually makes you think that the price of Bitcoin will go as low as $15.5k? I know everything is possible in a volatile market, but the bull circle is almost about to finish, and the price tends to go up from this point. Even if it goes down, it won't go any lower than $18k or by least $17k.

I understand that the price is showing some stability these days, and it might even get drop, but as I said, our target in the mind should be at around $20k, and then it will probably start rising up again as more buying pressure hits the market.

The price has dropped to $19.5K today (last 24 hours), but it is very possible to get a close at a price above $20K. The bear market was thought to have passed since bitcoin was above $23K in January and February, but March returned to the red and dropped below $20K. Of course I don't expect the price to correct deeper again during March, but it is still possible to get a downside since March usually doesn't support the bulls much.

[ivankoh]

A more upbeat outlook with the global economic picture that could ease the pressure on bitcoin is anticipated in the third quarter of this year.  And even if in the next 6 months bitcoin could drop but I don't think it will bottom deeper than the 15k it has formed.  The key support I think could be 19,000 if bitcoin plummets in the coming months but recovers quickly.  The 2nd scenario could be bitcoin breaking through the key friction of 25k and hitting $28k and keeping the next bullish bottom at 25k.  I'm ready with these scenarios and lined up to act accordingly.

Even if the price of bitcoin went down again it is unlikely it will go below the 20k support level, and even if it did I think a price below the bottom of 15k is incredibly unlikely to be reached and it will require external factors for it to take place.

However the most likely outcome during the next months will be for the price of bitcoin to remain close to the current levels with several attempts to try to go above the 25k resistance level, attempts which I think will fail as there is not enough strength to surpass it at the moment.

Really, market conditions were not good in March, there are a lot of externalities happening with FUD, it is getting tougher and it looks like bitcoin's attempt at 19k has been supported.  and i think this is the next bottom after 15k formation.  The ability to hold the bottom of 19k will be more pressured at the end of the week.  My expectation is that bitcoin will bounce from this low in the next 6 months.  Taking advantage of this opportunity to accumulate is my action now

[Jody.Drummer]

I think it doesn't matter if the price continues deep for 6 months, bitcoin can provide big profits if we hold it for the long term, it's better to make big profits in 2 years than having to sell at a loss, now is the time to keep buying and if the price has gone up 2x or more then we can sell some, don't be pessimistic about the future of bitcoin.

As long as you can do it for the long term, why think too much for the next 6 months. As long as we believe that the long term is better, then that's what we have to believe, regardless of the current conditions or the next 6 months, I think it won't be too much of a problem.
Bitcoin's current state isn't much better even than it was a few years ago, but I don't think it's going to be much of a problem as long as we look to the future not the short term.

[sana54210]

Really, market conditions were not good in March, there are a lot of externalities happening with FUD, it is getting tougher and it looks like bitcoin's attempt at 19k has been supported.  and i think this is the next bottom after 15k formation.  The ability to hold the bottom of 19k will be more pressured at the end of the week.  My expectation is that bitcoin will bounce from this low in the next 6 months.  Taking advantage of this opportunity to accumulate is my action now

I agree that it is not going to be easy to hold that 19k barrier, it will take a lot of buyers to keep it there but IF we can keep it above 19k then the future looks quite bright for us. The increase should come following that and it will definitely make it a lot more interesting for many people at the same time.

We need to learn how to make these type of distinctions between the bottom and the top, we need to learn where the wall is, in order to make predictions. Knowing the difference between being 19.5k and being 18.5k is very important for everyone but unfortunately only a few people know the difference which causes the main issue.

[kotajikikox]

If the system continue suffering price creeping, am afraid BTC may end up into another revolution of losses.

while you are completely wrong about that , (bitcoin will have continues drop for 6 months)  we are seeing some drop but still manage to grow over again and stays at 20k and above, I believe that we will be having another increase above 25k in the next couple of weeks \.
and please stop spreading FUD as it is not helping anything in this market.

[Russlenat]

If we cannot expect a bull run this year, then it is likely that next year will be the year. Based on the history of Bitcoin, there has always been good news after every Bitcoin halving, and the next halving is scheduled for next year.

We can use this countdown if we want to monitor. https://buybitcoinworldwide.com/halving/

[Hamphser]

If we cannot expect a bull run this year, then it is likely that next year will be the year. Based on the history of Bitcoin, there has always been good news after every Bitcoin halving, and the next halving is scheduled for next year.

We can use this countdown if we want to monitor. https://buybitcoinworldwide.com/halving/

Majority of the rumors on which the bull run is in between Q4 of 2024 and Q1 of 2025 but those are just possible assumptions which we dont really know if it would happen or not.This is why when it comes to investment decisions then it do always falls down into your own preference on which no other people would really be the ones would be forcing you on what you should gonna do. I do prefer on having btc in deep or moving sideways for next six months so that i would be able to accumulate as much as i could before the bull run time comes.This might be a thing on where most people might be freaking out
but to consider about the chances or opportunities that it gives then to those risk takers would be seeing this as a good thing rather than on negative ones.

[ethereumhunter]

I still feel that in March, the bitcoin price has not been able to increase as high as $30k but hopefully I'm wrong and there will be some positive news that can help the price go up high. I just feel that the bitcoin price may start rallying after the middle of this year until after the halving, but that also depends on the situation in the market. But I still believe that bitcoin can reach the last ATH and even create a new ATH at the right time. And it's true what you say that it's only a matter of time.

Meanwhile, we should enjoy the ups and downs of prices and try accumulating more bitcoins to sell them at the highest price later. And don't complain if you find that the price doesn't move too much and looks sideways because you can never know where bitcoin is going.

The middle of this year might be expected, but after the halving is over there will be some significant declines like in previous years, but will rise again. The ATH target of $100k has been said a lot and it will be the main target for the new ATH later. Hopefully the good news will continue to emerge and bring a positive trend for the development of the bitcoin market.

After the halving, there may be another dip, which can be deeper than before and has happened many times over the years. So we shouldn't be too surprised if after the bitcoin price was able to reach its latest ATH, it went down again. Good news will surely appear soon and we must be prepared for its arrival and don't forget to continue accumulating our bitcoin amount to get big profits again. That's all we can do right now instead of doing nothing and panicking and seeing the price drop. Moreover, we already have more experience before this, which will be useful for conducting analysis.

[rodskee]

actually I am not sure about that 6 months of deep when you posted this in Feb 24 in which the price of bitcoin grows from 15k to 25k , meaning there is no complete Deep here instead the price is healthy moving .


from 2021 we knew that the cycle must happen and that is there are some correction and there are some price pumping and dumping to happen.
but what we have now is a strong position in above 20k mate.


is this not enough for you to call that 6 months is already broken?

Are you being serious there? What actually makes you think that the price of Bitcoin will go as low as $15.5k? I know everything is possible in a volatile market, but the bull circle is almost about to finish, and the price tends to go up from this point. Even if it goes down, it won't go any lower than $18k or by least $17k.

I understand that the price is showing some stability these days, and it might even get drop, but as I said, our target in the mind should be at around $20k, and then it will probably start rising up again as more buying pressure hits the market.

The price has dropped to $19.5K today (last 24 hours), but it is very possible to get a close at a price above $20K. The bear market was thought to have passed since bitcoin was above $23K in January and February, but March returned to the red and dropped below $20K. Of course I don't expect the price to correct deeper again during March, but it is still possible to get a downside since March usually doesn't support the bulls much.

it grows back to 20k and above mate.

https://coinmarketcap.com/currencies/bitcoin/

so meaning we are heading to at least another trap or growth.