Bitcoin is not going to $12k.

[poodle63]

$20k is where its gonna bottoms out, even we've seen $16k this year around but after the price recovering back i'm sure $20k is where people gonna bag it and thus gonna be the bottom of bitcoin.
even though this year i don't really think bitcoin gonna go past $30k since the current circumstance doesn't show that good.
but i'm sure though that in the future lik in 2024 and 2025 bitcoin gonna be regaining massive new all time high that gonna shocks many, bitcoin always known to make comeback after certain period of bearish run in which in this case
we've gotten too long of a bearish, and everyone is already making accumulation at the bottom i guess, so its only gonna go up in the next year though everything still uncertain.

[Popkon6]

Our only problem is that we are in a bearish market for Bitcoin. The global economic market is currently in a very dire state due to which everyone is in a state of panic. The Bitcoin market will definitely be bullish in early 2024 as the Bitcoin halving is awaited. So if we don't choose the right time to invest then the current time is the right time. Because the upward trend of Bitcoin can be observed from November December this year.

[WatChe]

This is rightly among the funny things that happens in the market. When bitcoin price first hit 25k few days ago, every speculations and predictions were pointing to 20k, 15k and 12k. Just within few minutes that bitcoin made an upward movement, every speculations is now 30k qnd 35k. No one predicts accurately the bitcoin price and that is why it is called speculations. The best that can happen is that some will be very close to the real price while some will differ much. This is the reason everyone needs to do their own research and be responsible for their actions.

Bitcoin after making a jump to 28k is now trading at 26k. I haven't checked news yet but I am sure analysts were busy convincing people that bitcoin is going bearish and price will be soon 20k.
The point is bitcoin is fully volatile all the time and no one can predict what path it's price will chose tomorrow or day after. Seeing recent small bull run its good opportunity to accumulate the discounted Bitckins.

[Unbunplease]

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins.  It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

[MFahad]

In cryptocurrency everything is possible because as we think about history so people experience each and every type of circumstances, they experience 15k$, 12k$ and even they see the Bull run of 69k$ so we can concluded that everything is possible and we should mentally accept this fact.

The price remains between 25k$ and 27k$ which means that it is not effected too much by news and people still believe on the success of bitcoin so hopefully it will increases in price instead of going back to 12k$

[Jating]

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins.  It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

The only reason I can think of is that last year we have seen lowest low of $15,500. So maybe the OP thinks that we can go below to $12k if there is a black swan events similar to FTX collapse last year that really put the market down.

However, we might or might not see some events unfold for this year. And it by chance this quarter there is no such things, then I doubt that $12k can be reach. And after that, 2024, we will have the bitcoin block halving and so the bull run will commence.

[DanWalker]

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins.  It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

You seem to be a forgetful person, do you remember what happened in 2020? As halving approaches, bitcoin suddenly drops from $12k to $3k.
I don't understand why so many people theorize that bitcoin will drop to 12k or 15k and not some other number, but anything can happen.
Furthermore, you also don't forget that the bull season will come a year after the halving if we rely on history, so claiming that the halving is approaching and bitcoin will never drop is an unfounded prediction. I don't know if bitcoin can drop to 15k$ again, but it is normal for bitcoin to continue to fall and have many corrections even when the halving occurs.

[Odohu]

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless,  I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

[fzkto]

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless,  I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

[AbuBhakar]

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless,  I am never thinking in the direction of any major dump that will take price that low.

Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

It’s the typical pattern for trading since dump represents take profit from traders who purchase lower including those who cutloss. There’s no continuous upward pattern because it will only create a bubble that will popup eventually. Price dip is always almost equal to the price pump so expect a strong dump whenever there’s a strong market hype because people will surely take profit since we are all trading for profit here.

12K is still possible since those institutional investors that holding huge chunk of Bitcoin has time limit since they have investors to be paid. Price can go down way below once they decided to cutloss which I believe very low chance to happened right now but there’s always a possibility.

[m2017]

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.

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$.

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.

Bitcoin is not Going to $12k 🚨

Here is why :

- 93% of all Bitcoin has now been mined.
- World's largest asset manager Blackrock files for Bitcoin spot ETF
- Mysterious wallet accumulated $3 Billion worth $BTC In just 3 months
- Europe gets its first Spot Bitcoin  ETF
- Only 6.3% Of Total Bitcoin Supply Left On Exchanges
- Bitcoin Halving in just 8 months
- Bitcoin supply shock inevitable

This could be the Final Shakeout/Manupulation before the real Bull Run begins. Next 2-3 months are going to be Important!

Don't miss the second chance. Act smart

Source: https://twitter.com/thescalpingpro/status/1694058998092439603

To summarize briefly, bircoin will not fall to the $12k mark, because the amount of positive news prevails over negative. This creates demand for bitcoin among investors, which pushes the price up instead of down. For the price to fall to the $12k mark, something extraordinary must happen, forcing bitcoin holders to get rid of this asset in fear of a price drop. Of course, there is no guarantee that this will not happen, but in the current realities, in general, the crypto market is doing well, given the positive developments that are taking place (list from twitter above).

I agree with OP and with the statement that the price of bitcoin will not fall below $15k. For this, the prerequisites are not foreseen (still be able to foresee them). This is my speculative opinion. And if the price does reach this level (which I strongly doubt), then this will be a great opportunity to accumulate cheap 123btc, which I believe will not happen soon (if ever the opportunity to buy bitcoin for $12k arises).

[darkangel11]

Price is not an indication of real valye behind bitcoin, so keep in mind that even if they manage to pump or dump it to a certain level it's all being done on a very small portion of the total supply.
The proper term for this is lack of liquidity, I'm sure you've heard of it. If an exchange continues to trade on 1% of total supply and things stay in balance, you just need to double that in fiat value (pump), or bitcoin amount (dump) to crash the price.

I think that we are not going anywhere below 16k and that was the bottom. It was already much lower than people expected based on the previous bear market lows.

[Onyeeze]

I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.

I don't think that Bitcoin will fall to the level of reaching twelve thousand in this year, because many people is investing in Bitcoin and if people is investing in Bitcoin we don't have to say that Bitcoin will fall to the extent of dropping to twelve thousand, so what i want us to know is that no prediction should be accurate now and we should not depends on the prediction of Bitcoin and invest because we will lose whatever we have, so therefore bitcoin prediction of Bitcoin doesn't determine the increase what determine the increase is the numbers of investors, i have read this statement i made now in someone post, and when I make my research i confirmed that it's true

[armanda90]

Bad typical from trader actually after bitcoin crash few percent and they have unbelievable expected with bitcoin will down under $12k, how possible for bitcoin still stable around $26k and will bitcoin going dump under 50% immediately? Its seems not good speculation actually when bitcoin and some altcoin have lower price right now but there are not possibility with bitcoin will drop drastically. I don't think with second chance moment coming again for Bitcoin after dropping last year under $16k, almost the same when bitcoin on lower price and many speculation bitcoin will drop under $10k but actually most lowest price from bitcoin around $15k and success raising up again to higher price.

Its not easily to speculation about bitcoin will drop to $12k current bitcoin price today, don't blame when bitcoin suddenly dump has chance will drop under $12k because its seems most impossible thing.

[Oilacris]

I thought 12k was definitely possible when we were under 20k. I think we are too close to the halving for a lower bottom now though. It would take a real black swan event to hit 12k. I mean it’s possible but very unlikely. We are out of the peak bear market now, you can call this an accumulation zone, just sitting in a relatively tight range, boring chopping.

I don't think that Bitcoin will fall to the level of reaching twelve thousand in this year, because many people is investing in Bitcoin and if people is investing in Bitcoin we don't have to say that Bitcoin will fall to the extent of dropping to twelve thousand, so what i want us to know is that no prediction should be accurate now and we should not depends on the prediction of Bitcoin and invest because we will lose whatever we have, so therefore bitcoin prediction of Bitcoin doesn't determine the increase what determine the increase is the numbers of investors, i have read this statement i made now in someone post, and when I make my research i confirmed that it's true

Anything is possible within this market on which price could shoot up or fell down on certain levels on which we arent really that expecting for it to happen on which it might really be that leading out

into those shock that we arent that anticipating that it would be heading that low. This is why im not really that closing my mind into those probabilities because usually these rumors could really be turning out to be a reality but of course it wont really be that something that having no basis or possible solid reason behind if ever the price would really be going that low. We know that we do only have that extreme low of price of $15k which the price didnt shoot down even more on $10-12k which lots of people had been waiting up for this moment for it to happen.

If you do have that kind of belief that it would be shooting down into that kind of level then it would be normal that you would really be saving up for allocation for some possible buyback.
Talking up realistically then it wont really be  that possible that we would really be seeing this low price but well the possibilities is there but totally its unlikely specially we are
fast approaching on the next halving of Bitcoin on which it isnt really that too far off.

[ScamViruS]

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

It is very difficult to predict the market correctly, the market often reacts in a way that surprises the majority of traders. Before every bull market starts, there is a shakeout that forces weak sellers to sell their bitcoins, so it is important to watch how the market reacts before the next halving and prepare for extreme levels of volatility in the market. To keep yourself under control. Now if bitcoin goes to $12k again it will be very unexpected, again for many investors this will be an opportunity to strengthen their positions, so there is huge liquidity at this level.

[bestcoins1]

The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless,  I am never thinking in the direction of any major dump that will take price that low.

If you have never thought about doing a big dump on Bitcoin, that means on the one hand you are still hoping for a better price increase in Bitcoin this year and the following years. And actually what you say also makes a lot of sense because crypto market fluctuations are always there, especially Bitcoin which is currently still looking difficult to increase in price.

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

If that pattern happens again with Bitcoin, I'm more sure there will be more people willing to take advantage of it for greater profits. But in terms of the price decline specifically in Bitcoin I would not consider it a garbage dump because we are talking about Bitcoin which is no longer labeled as garbage but rather as a fairly good asset in the crypto space.

[poodle63]

recent dumps couldn't even drive bitcoin price to go below $20k for so long, its now already recovering back really good at $25k. the starting point for bitcoin nowadays even at its lowest is definitely gonna be around $20k.
so not need to worry about the price going down that low.

I don't understand why the 12,000 figure is mentioned again. Bitcoin is about to halving, and after that, historically, a bull run begins.  It is unlikely that there will be very negative events before the halving that will cause such a big drop. Besides, people have already learned to wait.

this is true, bitcoin level right now is waay past $12k i wonder why people are keep sweating about it getting down below $12k. meanwhile right now bitcoin is stable at around $25k.
after halving the price will be leaning more towards bullish so I don't think discussion about it being below $12k is anything relevant anymore.
the only way bitcoin could go that low is if something like USDT collapse.

[Vaskiy]

Bitcoin has often shown surprises, both bad and good. For example, this happened in 2018, in 2020. In 2022, nobody expected the price to fall to 15k either. It turns out that in every two years there was a dump. I wouldn't be surprised if in 2024, for example before halving, the price drops a lot again. It would be a pattern.

It is very difficult to predict the market correctly, the market often reacts in a way that surprises the majority of traders. Before every bull market starts, there is a shakeout that forces weak sellers to sell their bitcoins, so it is important to watch how the market reacts before the next halving and prepare for extreme levels of volatility in the market. To keep yourself under control. Now if bitcoin goes to $12k again it will be very unexpected, again for many investors this will be an opportunity to strengthen their positions, so there is huge liquidity at this level.

Precise prediction is really tough with bitcoin. Unexpected incidents happening with bitcoin is the reason for the market upward and downward movement. Before big rise in the price there used to be fluctuation in the market. What we experience seems like regular market pattern. We don't know how far the price will go high or low, but in the upcoming days we can expect price reach around $20k and not lower.

[ScamViruS]

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Precise prediction is really tough with bitcoin. Unexpected incidents happening with bitcoin is the reason for the market upward and downward movement. Before big rise in the price there used to be fluctuation in the market. What we experience seems like regular market pattern. We don't know how far the price will go high or low, but in the upcoming days we can expect price reach around $20k and not lower.

If Bitcoin doesn't go below $20k it will be a relief for traders. But Bitcoin will not go to the next downtrend so quickly and we have seen that for the past few months, the movement of Bitcoin was very slow, going up and down in a certain area. Last week we saw a large movement in the price of Bitcoin which indicated volatility in the market. So according to the current market, we may see a big movement in the market again in the next few days or weeks. And before the halving, it is expected to see a big movement in the market, and this movement will be the opportunity for many traders to join the next bull market.