Bitcoin is not going to $12k.

[legendbtc]

I also saw this on my twitter and I also believe bitcoin will never drop to 12k in this bear cycle, we actually bottomed and it happened last year. If those people still believe that bitcoin will make a new bottom and are still waiting for it, they will regret it like they missed the $15k bottom. The halving is still far away and the market will still have corrections, it is inevitable but bitcoin will never drop below 20k again, IMO. People will say that the future is unpredictable but they themselves are not certain that bitcoin will drop in the future, so be confident with your predictions.

[SamReomo]

You are right in your approach and it's a fact that Bitcoin won't be dropping to $12k price mark anymore. I know that in coming days or weeks there can be another dip in Bitcoin's price but it won't be very intense. The Bitcoin may also recover some of its value in coming days that it lost due to the recent dip because I believe that the investors are once again interested in it and they might want to accumulate more of it and wait for halving event to take place. Most of the investors will probably wait for the next bull run before selling their holdings.

Those investors may hold Bitcoin for a year or two to gain more than 100% profit form their investment and I believe that if they have good capital to invest in it right now then they'll definitely make good returns from their investment. I believe that if a sudden event takes place which may create a dump in Bitcoin's price once again then during such dips many of the accumulators will try their best to accumulate as much Bitcoin as their financial condition allows them.

According to the statistics and the charts there won't be any event that could take the price of Bitcoin to $12k once again, but still if that kind of event takes place then the condition of the crypto-market will be very bad. Most of those useless shit-coins would be 0 in value and a few of them would lose their value by a huge %age. But, only a very catastrophic event could bring Bitcoin's price back to $12k because in normal dips or market dumps the price won't drop so drastically.

[davis196]

Right now the trading volumes are low, which opens the door for high volatility. The price might drop to 15K USD, because there aren't enough buyers, but it might go up to 30-35K USD, if some big whale buyers appear out of nowhere and start buying. This might also create a small FOMO and a short term price bubble. Nothing is certain. Let's see what will happen with the Blackrock ETF. I believe that Blackrock is completely capable of pumping the market to ATH levels(if they really want to) . On the other hand, we might see the market stagnating during the last 4 months of 2023 and a price recovery in the first quarter of 2024.

[Nrcewker]

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

[avp2306]

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

This one will not happen unless there's no big crypto institution collapsed or some strong laws disallow the usage of bitcoin globally. But if there's no like that and good news are always bound to come then maybe we can expect that this incident will never happen and bitcoin will remain to its current low and possibly may pump up again until it reach to its new all time high which is long waited to come by many investors.

[fzkto]

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

I think that if the price falls below $20k, the fall will continue to the level of the previous bottom. By the way, this already happened in January, but people were afraid to buy and many thought that the fall will continue. So if the price falls again, there will be panic in the market. Such an opportunity should be taken advantage of.

[bestcoins1]

This one will not happen unless there's no big crypto institution collapsed or some strong laws disallow the usage of bitcoin globally. But if there's no like that and good news are always bound to come then maybe we can expect that this incident will never happen and bitcoin will remain to its current low and possibly may pump up again until it reach to its new all time high which is long waited to come by many investors.

Those who make new laws against anything must also go through research or analysis that is more logical because for any prohibition there must be logical reasons that have been examined before passing the law. So what has been seen so far is that there are no specific laws in any country to prohibit the use of Bitcoin so that the possibility of a price increase to reach an all-time high could still happen to Bitcoin. Because there are still quite a lot of uses and it is still quite popular.

[tabas]

It's like that we're passed with that price already and if the price is close to that then that should be the $15k last year. Although I'd believe that there's still the chance but it's much slimmer. And prior to the halving, this gives the stronger point for Bitcoin that we likely have the new bottom which is $25k-$26kish. And just not to hurt my feelings and thoughts about how volatile Bitcoin is, I'd always think that anything is possible even if we're far from seeing it happening, we will never know if the price is gonna be lower or higher any moment from now. A pull back or a strong push is always likely to happen but I'd side to the benefits of halving.

[Falconer]

Personally, I also don't believe bitcoin will drop below $15k. And I think we have a chance to buy cheap and don't miss it.

At least I don't think there is the best reason to expect bitcoin price to drop to $15k in 2023 - 2025. But the bad things about its future also can't be ignored including regulation or otherwise. Of course it can have a significant impact. I believe bitcoin can still correct, but not for $15k when bitcoin is getting closer to the halving. Long term investor strength and support will keep bitcoin price above $20k and will probably get better over time until it hits its latest ATH.

[Hamphser]

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

This one will not happen unless there's no big crypto institution collapsed or some strong laws disallow the usage of bitcoin globally. But if there's no like that and good news are always bound to come then maybe we can expect that this incident will never happen and bitcoin will remain to its current low and possibly may pump up again until it reach to its new all time high which is long waited to come by many investors.

We know that on this market, everything could really happen. Even if its too far off on where we are now but if things turns out to be shit specially tons of negative news then it wont really be shocking that it would

really be driving the market price down on which this really that something that could possibly happen knowing that this market is truly unpredictable.You cant really blame out those people who were expecting
for 10-12k price knowing that the price had bottomed 15k for this cycle as its all time low and there's a possibility that it might be touching up something lower but in overall it is really that hard to believe on
about on reaching up that low since we do have some strong supports below those prices on which we could really be able to see it on technical terms and analysis.

If you do believe that the price would really be going down on $12k then its your choice and not something that you could really be stopped just because everyone is really just telling so.
Act according into your own ways and analaysis.

[JoyMarsha]

Although I used to think that before the bull season really arrived, we would have another dump waiting for us. But I believe there will be no new bottom for bitcoin, we already have the low for this bear season, and that was the $15k set last year.

With the low price of bitcoin in this year's bear season, it will be difficult to know what price it will be, whether it will fall further to $20k or remain stagnant between the price of $25k-$26k for months before it starts its upward movement to $30k-$35k at the end of the year. The price direction of bitcoin currently is kinda confusing for one to know the exact way it will be heading to

Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

If bitcoin were to fall to $12k-$8k, it would have done so in the second quarter of the year, not at this time there are still a few months until the halving season in which it plans to achieve that (drop to $12k). If the price of bitcoin continues to drop, from its price of $26k, I think it might hit a minimum of $20k, which would be around September.

[Mr.suevie]

Yes practically this is not possible. 12k usd is very low to be honest. Once the price falls below 20k usd, people will mass buy it and hence it will increase the demand to accumulate the coin. Now in order to fulfil the demand, the price will go up, and hence we won’t be able to see more low price. So yes if you are becoming more greedy and waiting for more low price, then drop the idea and buy the coins now. As once Bitcoins pick the pace, it won’t stop and you will miss the best time to buy the coins.

Someone is actually watin on the price to fall back to 12k ? Wow that's really big time plan because I don see actually dropping that low and more over even this sudden is a good enough opportunity to buy but although many people have seen it differently because they are afraid and are selling their holdings thinking the dip will move further which is actually a very bad choice because before ever they started they would have thought on the volatility of bitcoin and made a good investment plan before running off like chickens and selling off in spike of a little dip.

[_BlackStar]

First – nobody knows about the future, even you never know what will happen tomorrow. Bitcoin has two potentials - the first is good potential ^{[price goes up]} and the second potential is bad ^{[price drops unexpectedly].} Both are good to consider - even if you really believe in your analysis. There's no need to ignore either one - but you only need to make adjustments the next time you see that $12k in front of your monitor.

[Captain Corporate]

I mean although I do agree that "anything" could happen in the crypto world because "technically" speaking it can be both 12 dollars and 12 million dollars since they are all possible, I also think that we need to be realistic about it too. I do not see it becoming either of those, and also 12k as well. Is that possible? Sure, if we are talking about technicality then we can say that it is possible but also just as I know it won't be a million dollars soon, it also won't be 12k as well. This doesn't mean you should think exactly the way I think, you could have your own opinion and think however you want, this is just what I think about it and act accordingly myself.

[Asuspawer09]

I mean I've been waiting for a long time for the market price of Bitcoin to drop around 10k$ but it doesnt happen probably that price was just too low for the market price of Bitcoin today we already know that Bitcoin adaptation this past year was just huge and there are already a lot of users that came into cryptocurrency just because it is already adapted into a lot of platforms and even banks.

For sure there is always a possibility that we can drop to 12k$ in the coming months or years, I mean the market is just unpredictable so it is still possible but I just dont think it is going to happen because there are a lot of investors, and newbies that want to and interested on Bitcoin when the market drops a few percentages a lot of investors are going to go in as well pumping the market price back to the top an again if the market price drop to 12k$ it is for sure going to bounce back easily

[STT]

Any price can register briefly in theory with some low amount of volume, the bigger deal is how significant is that low volume outlier price towards actual mainstream volume.   I did guess that 2019 peak prices could now also register as a very extreme, then we lost the negative 2022 trend and it should be the case the low is in and proven so that possibility has passed.  
   In this current action once again people believe we can be tested to that extreme and a new low not seen in 4 years will happen so this is all very bearish.   My main point is not all prices are equal, the volume and confidence in the same price tends to vary alot; the low might only briefly register and be low confidence as valid.
   Are we more negative in sentiment now after the interest rate rises and market falls, I thought the greatest negative would come in speculation rather then after the majority of rate rises occur.   The dollar and its index to the world via Forex and other trade is about as tough as its going to get, we are above 100 Dxy but imo its quite possible the Dollar can waver and lose 100 trading below.  If others believe that possible they are ready to buy alternatives to the Dollar such as BTC or many other commodity type assets that traditionally trade inversely.
    I would not guess now a new low, thats my summary we are revising previous gains since the 2022 low but I dont guess there is another negative to do more then reduce our confidences, people arent especially wanting to sell imo.

[Wexnident]

Where did $12k come in the first place? I reckon we'd discuss such price levels when Bitcoin reaches idk, $15, $17k? instead of its current stand at $26k. I believe there's still a possibility of it dropping by the late end of the year, but I wouldn't expect it to go past $20k. Even if it does, I believe the $15k we experienced a few months ago was the bottom the market would go, at least for this cycle.

It's not a rush as well imo, still have a few months left so I don't think there's a need to rush. A DCA with higher increments could still benefit you while still having risk management in place imo.

[Don Pedro Dinero]

Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

$12,000 is too bearish a scenario, I don't know who even thinks about $8,000.

Where did $12k come in the first place?

I guess they get creative and draw lines on charts and come up with those dots.

Of the points cited, the total number of bitcoins mined and the proximity to halving, make one think that the bottom of the cycle has already passed. As this has been the worst cycle for profits, for the price to go down again, piercing the lows of this cycle to that price, would be something unusual and I don't see any logic in it.

[YUriy1991]

I also have a hunch like you. The $15K limit is the lowest support at the moment and if it breaks even lower, for example, like you said $ 12K is far from being a fire even though we know the market is volatile / very wild and there is talk from Powell that he might plan to increase interest rates return interest. I think the possibility of the decline will end soon.

[lixer]

There are certain institution that can actually support Bitcoin at the price of $20k, but anything can happen and the whales are playing with the market silently, $12k might happen but let's be more positive this time because we are already experiencing the longest bear market with cryptomarket. What's the reason to panic right now? I see the price  holding to the price of $26k, this is a good sign that the support is stronger that the seller.

I don't really think that the whales will make the market go as low as $12k because that will then make it extremely difficult for Bitcoin to get back to its previous all-time high and beyond it and if that doesn't happen, the whales won't really have any benefit for doing that. Also, if that happens, there will be a lot of panic and FUD in the market that will make an extremely high amount of retail investors sell their assets which will further decrease the price.

However, I don't find that happening anytime soon, I can't say anything about the next cycle when the market enters the bull market, goes beyond the previous all-time high, and then starts reversing, then it may drop significantly but I wouldn't expect $12k even after that.