Bitcoin is not going to $12k.

[_BlackStar]

-snip-

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.

$12k was not expected even when FTX had crashes in the past. This cycle will end when there is positive news regarding bitcoin - so I wouldn't panic about the potential downside. Bitcoin is not going to be dumped too deep - although it is a possibility, we may need to see there is a big case affecting the market.

We all don't have a crystal ball in our hand - meaning we can never know the future. Cycles will replace to others - but I tend to expect bitcoin price to recover as it gets closer to the halving.

[Franctoshi]

At this point of time in this bear market cycle, I do not see the possibility of Bitcoin going to the price of 12k again, though before I was expecting such a price when we were at $15k per Bitcoin. Right now the worst-case scenario that Bitcoin can do is revisit the previous low of 15k. And from there I'm expecting a quick recovery in the of Bitcoin back up.

[lienfaye]

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$.

Well, I don't think Bitcoin will plunge to $12k even there's a certain reason for other investors to panic and sell at loss. Many are influence of FUD but there are also investors who are waiting for a much lower price to take advantage.

Bitcoin's price is low at the moment (due to various reasons) but if we look back on its history, this also happened in the past since we can't expect the price to move upward consistently. Thus, bear season is not that bad since you can do something to increase your assets and that is by accumulating while the price is cheap.

[Strongkored]

Need bigger scandal news to cause panic in the market and in the end many will do panic selling, but what kind of scandal will create big panic?
because the FTX scandal is also not enough to make the BTC price go down very much, so I agree with most people here that BTC will not go down that deep, because the big holders of BTC will continue to make adjustments in the market to keep prices in a reasonable range. Bitcoin has become the concern of many parties so that prices that fall very deeply in a short period of time will be very difficult to happen.

[laurenB7742]

At this point of time in this bear market cycle, I do not see the possibility of Bitcoin going to the price of 12k again, though before I was expecting such a price when we were at $15k per Bitcoin. Right now the worst-case scenario that Bitcoin can do is revisit the previous low of 15k. And from there I'm expecting a quick recovery in the of Bitcoin back up.

When bitcoin drops to $15k due to FTX crash, I also predict bitcoin to drop to $12k or $10k. But things didn't turn out that way, and bitcoin quickly rallied to $30k this year as well. Given what is going on, we cannot say that bear season is over and bitcoin will continue to fluctuate. But getting bitcoin to drop below $20k is also a challenge, let alone reaching $12k. People always theorize about black swans or other reasons, but I believe nothing serious will happen. We have bottomed during the bear season this year and we are in the accumulation phase preparing for the bull season.

[gunhell16]

Well, prediction is prediction, nothing is accurate in this matter, to be honest. But we can gather many ideas from the various predictions of other communities here. Anything can happen with Bitcoin, and we all know that here. Now, in my personal view on the matter, I can still believe that the lowest Bitcoin can reach is somewhere between 15k$ and 20k$, not the 12k$ point that others think. Now, why did I say this?

Besides the volatility of the cryptocurrency market, it is really difficult to predict the future price of Bitcoin. One of the things that is possible considering that the 12k$ is unlikely to happen is because Tesla and MicroStrategy have already invested in Bitcoin, and we all know that what they did was a great help in stabilizing the market and attracting even more big investors. in the whole world. What else? The new technologies that the Lightning network now has can help increase adoption so that the price of Bitcoin will increase even more and it is more user-friendly. These are just some of the things I can say that are really vague that fell to 12k$.

[Zoomic]

nah! Absolutely not!
I'm getting the sense of a usual bear market atmosphere. Personally, I'm not convinced that Bitcoin will go under $20k, but it looks like there's an opportunity to accumulate at a lower price. This is the moment between market lows and bullish. Bull markets make people rich, but become wealthy in bear markets. We should not allow the bottom to not only drop, but take the benefits as well.

How about if bitcoin wants go down and take enough strength for the bull run. You will agree with me that for price to do +50%, the coin must first at a point do -50%. I am seeing bitcoin retracting to get enough strength to give us the desired bull run. I am not always offended when the price is going as it is going now because I know that the green days must surely come.
So, 12k is very eminent, it takes only one strong bad news  to create a huge FOMO to destabilise the whole market.

[Sim_card]

It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.

[fuguebtc]

It is impossible for us to see bitcoin go below 15k again as we only have some months left to the halving and the price of bitcoin must be between the 20k-30k range,which is what we are experiencing now. I am hoping to see a pump in the price to 40k at the end of this year. This means that if bitcoin goes below 15k we won't be able to see 40k price by the end of this year. This will also affect the halving impact on bitcoin price. The halving will bring the bull market price and we are close to these two events so that is why we can't get a lower price. Bitcoin has hit its lowest price last year and wouldn't go back because there have been correction in the price already.

During this year's bear season, my conviction remains steadfast, I also don't believe bitcoin can drop to $12k. I believe there will be no more black swans causing bitcoin to be dumped so severely. But I don't think the fact that bitcoin can't fall that deep is due to the halving, the halving is the catalyst for a bull season, but that doesn't mean it can prevent a bitcoin drop. And we also lack evidence to prove that bitcoin will be range bound between $20,000 and $30,000 until the bull season kicks in. When it comes to bitcoin, don't claim anything.

[LogitechMouse]

Ever since Bitcoin went above $10,000 a few months after that pandemic crash back in March of 2020, I knew it already that it will be the last time we will be seeing Bitcoin's price at near the $10,000 price.

Though anything is still possible, the chances of Bitcoin going down to $12,000 or even $10,000 are very low to near to zero. I mean the Blackrock filing for a spot ETF alone is enough already to tell that it will not reach that price again, but on the other hand, it might still happen if the filing will be rejected most probably next year. This filing is kind of like "we reach $100,000 in no time, or we go lower than the lows of 2022 at $17,000, and we might reach $12,000 if it gets rejected".

Overall, whatever the data we share here, whatever the charts we share here, whatever videos we share, all of us are just speculating because after all, we don't know what can happen to Bitcoin's price. Yes we can speculate base on history, but the truth is, there's always a chance for the other thing to happen. It's all a probability, not a certainty. As for Bitcoin going to $12,000, I guess Blackrock's filing get ejected is enough to put it down to that price again, or a series of negative news that have a huge impact towards investors might bring the price down to $10,000-$12,000 "AGAIN".

[GeorgeJohn]

Some of the speculation is not proper the way I looked at things, a speculation of bitcoin is a speculation and we don't have to depends on bitcoin  speculation properly, so bitcoin  can rise and fall's its the normal life styles of bitcoin starting the beginning and the introduction of bitcoin, but I know that falling of bitcoin price is very necessary but I don't know while is that someone will speculate what can never happen and it will happen is not in this year, since Bitcoin have started falling and rising bitcoin has not fall beyond twelve thousand since 2017 till date, but according to some speculation they analyse and predict what can never come to accomplish in cryptocurrency and especially bitcoin

[coolcoinz]

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$.

Only a lot if you read the wrong sources. There's a few short sellers who want to spread this FUD that we're going to get a new bottom because they want it to happen.

What I've learned over the years is that there's a group of people who call themselves analysts, but in reality they're influencers. It's all these dudes who publish videos and try to sell courses or VIP tickets where they'll supposedly give you more data and real trades to follow. These people are actually bad traders. If they were good they'd make money this way because by taking a good long or short position you can make 2x more than once a month. They prefer to sell you courses for 1k because it's a sure gain. Why wouldn't they leverage that 1k and make 2k in a single trade? Because they have no idea where the market is going, but nothing stops them from selling their bullshit.

Who's that trader who claims that we'll hit 10k this year? Soloway? He was calling for 12k bitcoin at 16k and then we went to 31k so he doubled down because he's already a laughingstock, so all he can do is pray for that 10k so he can say I told you so.

[Mate2237]

Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.

[RewFrew]

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

No i don’t think that. I think we already passed from the bottom. Today we got a very big positive news, Grayscale wins lawsuit against the SEC. And after this big news Bitcoin Price pumped hardly and still pumping. Now bitcoin price avabe $28k. I think we already passed bear market and started bull session. So there has no possibility to go $12 Again.

[kentrolla]

Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.

[Dave1]

Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.

Yes, and just look at the price right now, almost 6% increased in the last 24 hours, I haven't check the news though, was caused this bounce back, but it was just about time that at the end of this month, we will see some recovery.

And then we have witnessed the lowest low already. And hopefully there are speculators who take advantage of it and at least bought during the dip because that's what we are preaching.

[ShowOff]

Yes as it is, bitcoin is good for some persons, so it is all a bull and no always bear because the price will rise up again. Those who joined few months back see the market as bull though the time they entered and the price they met would tell the bull for them. It is better we know the tome, and the price of the market when we are entering the market at the very first time. That will help you in the future bitcoin analysis.

The price of Bitcoin will not reduce to 12$k or 8$k before the next halving and the up coming bull market. I even doubted the 15$k again before these two events will take place. Though speculations will be made but bitcoin is unpredictable, it is not possible again for bitcoin to reduce itself to that level.

Yes, and just look at the price right now, almost 6% increased in the last 24 hours, I haven't check the news though, was caused this bounce back, but it was just about time that at the end of this month, we will see some recovery.

And then we have witnessed the lowest low already. And hopefully there are speculators who take advantage of it and at least bought during the dip because that's what we are preaching.

And in the end whoever bought the sauce and then stored it for a while would be able to get their hands on proof that it was a profitable move. Bitcoin has shown a recovery session in the last 24 hours where the percentage increase was already more than 7% a few hours ago even though it is back down. There's no greater fear than going against oneself in making decisions, but if they are the experienced ones then surely a dip is the best chance for accumulation.

Bitcoin could drop to $12k in the future if regulations and several well-known platforms collapse causing great panic. Whales or holders of large amounts of bitcoin can also influence it, but I believe they will not do ridiculous things to their detriment.

[South Park]

Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.

There is no point arguing about it at all, a bull run is not coming at the end of this year, now could we see some growth? That is possible, but not every single positive movement on the market can be called a bull run, right now bitcoin is experimenting some growth after a positive fundamental news was announced, is this a bull run or the beginning of one? Of course not, this is simply a correction that took place as the price of bitcoin was too cheap already.

[STT]

A close past the 200 day average today seems to be likely and the average itself is rising.  We can hardly believe BTC is negative when such things are true, the price action itself recently has been quite negative but the wider framing to that movement is not yet fully reflecting this negative scenario as outlined by OP.
   I believe we are most correct to assume BTC continues to fight on, it might be a messy fight falling on the floor sometimes but lets call it drunken boxing style and its still able to deliver these knock out days like today of about  6%.   In rude health I believe is the term

[Oilacris]

Next 2-3 months will be important just like last quarter of every year as we have usually witnessed bull runs during the last quarter of the year but I am not sure if this will lead to bull run now because there has been numerous instances this year where Bitcoin had stabilized at a certain level raising speculation that it's an indicator of bull run but it went down from that mark thus clearing air that we are nowhere near bull run.

I don't think we will be able to predict or speculate and we can just see it when it happens and act wisely to make most out of it.

There is no point arguing about it at all, a bull run is not coming at the end of this year, now could we see some growth? That is possible, but not every single positive movement on the market can be called a bull run, right now bitcoin is experimenting some growth after a positive fundamental news was announced, is this a bull run or the beginning of one? Of course not, this is simply a correction that took place as the price of bitcoin was too cheap already.

Only noobs would be saying that +5% current upward movement in price can be called as a bull run but for those people who had been on this market for a while would definitely be seeing this as a normal movement of this market on which its never that something new if we do speak about these kind of volatility but there are some price predictions or sentiments which are really that already that too optimistic or at the same time it cant really be just that possible because we've seen the price drops down on 15k doesnt mean that it would push through 12k but those are things to be talked about
when the price is still there on that point but since we are already past beyond those numbers then it is already that a long shot on getting back into those points.

Now that we are heading back to 30k then we can definitely say goodbye into those people who are still hoping for 12k price which i couldn't really blame them on. Speaking about probability
then we know that this market is really having that kind of possibility but there are things or moments that speculations are really that way too unrealistic.