Have we seen the lowest low of this bear market?

[WeThePe0ple]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

[franky1]

unless there are underlying faults of the network code, causing people to run out and exit their holding en masse
unless the most efficient mining cost on the planet drops, its currently above $20k in q2+ of 2023

we shouldnt see sub $20k again
..
as for the highs
if everyone on the planet can mine for under $200k no on would want to market buy for more than $200k if they can get it cheaper by other means
(its why bitcoin topped out at $70k in 2021, because everyone on planet could mine for <$80k so no one wanted to pay more)

[karpethitam]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

one piece of advice from my friend when I started to enter the crypto world. "Never trust anyone, yes, anyone" especially content creators who take advantage of the moment to pump and dump. learn to analyze it yourself, even if it's only basic. make decisions based on your choices, not because you follow other people's fomo. I hope this helps.

[Eternad]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

Most of the social media influencer usually give prediction based on current trend because that’s the most logical thing to predict due to trend that time. They also doing this to quench most of there listener speculation since it’s common nature of trader to wish for more dump when the price is dumping so that they can buy lower and same when the price is pumping so that they sell at higher price.

Predicting based on the current trend gives influencer a bit of support from their followers instead of opposing them. Surely they will mention again the lower lows prediction and quote their previous statement when Bitcoin price becomes bearish. They always play safe when it comes to prediction.

[Faisal2202]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I listened to DataDash a long time ago, but I left watching him because I was not getting anything useful from his long 30-minute-plus videos, I could get more information about the market than wasting my time on his videos. I respect your choice, and everyone has their own tastes, so I will not say, you wasted your time on watching him. You might have got some benefit from the DD channel.

Overall, I don't know what factors should he have discussed in his videos that have convinced you that the market will touch $10k price tag. That's so idiotic for you to not invest anything (if you really have not invested anything) because DD channel must have mentioned a term that indicates that, "one of the possibilities for the market to go $10k" or anything like it (as a disclaimer), they give ideas in all possible ways they can, like the market will touch $10k, or $15k or $50k, etc., etc.

That's the main reason, I left them watching. The market will cross $50k if ETFs get approved and that's because BTC will get more demand over supply. And this war cannot be called WW3 because, in WW3, atom bombs were used, but currently, no one is willing to use those bombs, they were not even used in the Russian and Ukraine war so why were they be used in this war even though if one country wanted to bomb, they will not. Because they have colluded with each other to not use atomic bombs until some countries cross the limits. (Its my observation only).

[komisariatku]

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I think it is difficult for us to see bitcoin prices below $20k, even bitcoin at $25k is also very difficult after the current bull run. Considering the possibility of a bitcoin ETF if approved, I think the price of bitcoin will soar high, especially since the halving moment will occur soon. maybe $50k, or even a new ATH

Looking at the current issue of war, it is likely that it will not make the price of bitcoin go down but will instead tend to rise, this is in line with the Covid-19 conditions which have made the price of bitcoin even higher

[Yatsan]

Hard to tell there are still CME Gaps around $20k which could trigger a lower downfall with its market value. No one has the assurance of how much its market price could get; same thing with wehether its market price would already recover from the mentioned dump. But I guess its price would just go pump and dump until the halving. There’s no strong reason for a continuous pump at this moment which gives me doubt and this could still be a bear trap so better be careful of entering and going all out this early.

[cabron]

Soloway is always bear by the way.
But somehow he is doing great when he said the price of BTC would drop below $20k back in 2021, it did go below 20k. Been watching him since he was interviewed in Kitconews and I was also wondering how it would happen. It only takes FTX for it to plunge. We didn't see it coming but it did happen.

I'm sure he didn't foresee FTX incident happening but he rely mostly on his TA. But this time because of the near ETF, hard to believe it going under $10k

[salad daging]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

This means that they say according to the trend at that time, maybe when they say about the price of bitcoin in a bearish market then he will choose the lowest price but the current cycle of prices is not the case and only the lowest is $16K.

By saying now when the recent increase says $50K it is normal because guessing according to trends is not data obtained, maybe that's what I mean.
Influencers always say what they want while followers will follow their words, no wonder.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?

We don't know how much the price will go up, maybe I expect after the ETF is approved it will be above $50K, but it's different when the halving happens.

And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

There won't be too many of these comments, because there will be more positive and negative news.

[Zaguru12]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

This switch of analysis of bitcoin by proclaimed analysts of it going to be bearish down till the $10k level and a later change of position that we wouldn’t reach there again shows that they are no bitcoin expert that we need to place our trust in there analysis because it is all speculations that every knowledgeable investor can predict if the investor understands the events that affects the market. In long run this market fluctuations will prove more to naive people that bitcoin cannot be manipulated by just anyone as people proclaim it is.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?

With just the fake news of its approval causing this huge FOMO, i would say if it gets approved then we might face a pump and maybe a mini run due to its hype. If there is another thing that causes bitcoin price increase aside the halving bull run, it is the hype of a positive news about it and that’s one thing that yeh ETF will cause. So my prediction is $45k+ should it be approved.

And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

This where the predictions takes different turns, a pro longed war always causes destruction of properties and lives and this affects the economy negatively. When there is a down turn in the economy then it is hard for people to invest which causes low demand of bitcoin and probably high supply of it because many will like to take there funds off to solve emergency problems like during the Covid crisis, so a world war will have a negative impact on the bitcoin price and causes a low base on my predictions.

[Zlantann]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

There is nothing wrong with listening to people who claim to know much about the crypto space. But I doubt if anyone can predict the price of Bitcoin accurately. All we can do is speculate based on our view of the current or future global economic outlook.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

Refusal to approve Bitcoin spot ETF and the escalation of the war between Hamas and Israel to other parts of the world will not be favorable to the Bitcoin space. Another war will affect the global economy which will in turn harm the Bitcoin market. But an escalation of this war is unlikely.

[Altryist]

Hard to tell there are still CME Gaps around $20k which could trigger a lower downfall with its market value. No one has the assurance of how much its market price could get; same thing with wehether its market price would already recover from the mentioned dump. But I guess its price would just go pump and dump until the halving. There’s no strong reason for a continuous pump at this moment which gives me doubt and this could still be a bear trap so better be careful of entering and going all out this early.

I see the positive in the fact that after such an impressive growth, Bitcoin maintains the level of 34k, this leaves for us with the possibility that after some flat period growth may continue, at least if this pump was immediately followed by a decline, this would look worse. Yes, there is a gap around 21k that would not hurt to close, and this may happen on expectations, but I don’t think that we can go below 15k, since Bitcoin has hardly reacted to any negative news lately, and this suggests that there are buyers who are ready to buy Bitcoin.

[sokani]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

Like you said the ship has sailed and I'm certain you're not going to see lowest low anymore. It seems 15k was the bottom for the bear season and there's no way Bitcoin price is going to retrace to such a price. Bitcoin halving is just few months from now and spot Bitcoin hype is gaining momentum gradually and all this will help to drive the price up. I don't really expect the price go up to 50k before the year ends but if it does it will be because of the approval of spot ETF. I expect the price to be around 120k - 150k during the bull season.

[bluebit25]

They give their opinions on a short-term basis and are influenced by the news, rather, some analyses from many influencers are just personal speculation. Personally, I only have a hypothesis about when BTC will surpass those milestones that people often call resistance. Honestly, I'm a bit confused when I see the crypto market in such a sensitive period as it is now. Now, before that, we had the news of the bitcoin sale from Tesla and a series of accompanying news items, although it is said that it is convincing enough to cause a price drop, and indeed, volatility is a characteristic featured in the crypto market, not just bitcoin.

And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I'm not sure about WW3 in each different region, the instability is increasing. First, look at assets that people are looking for, like gold, to see the reaction. And back to bitcoin, price increases in the near future are dominating, although I am still speculating along with many others that bitcoin will have a sharp decline before entering the bullrun phase.

[The Cryptovator]

The market is bullish, but I don't want to overexpect. Because Bitcoin is a highly volatile coin, it pumps when there is any good news. But from the news, it wouldn't last long without real adaptation. Bitcoin ETF isn't a real adaptation at all. It does create a FOMO and pump. But to me, I don't expect below $24K this year. It should play between $25K and $40K. Halving could play a major role regarding the pump if Bitcoin EFT gets approved. But still, both aren't real adaptations for me.

[ZAINmalik75]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I think you lost the opportunity to enter the market in the hope of entering at the price of $10,000 or lower. You should do your own research and never rely on others. You made a big mistake by following only one channel and not listening to other influencers or market analysts. Because by listening to at least 1+, you will have a better idea of the market and the best practices that can be made.

For example, in this scenario, the best practice is to invest some amount at the current rate. For example,  if you see BTC at the price of $25k or $27k, you should invest some of your money in BTC and keep some funds to invest when the market reaches $10,000, if it comes because the chances are so rare.

If ETFs get approved, then we will see BTC crossing $50,000 easily because a huge pile of trading volume will be seen in the market, and demand and price will increase. The potential of ETFs can be measured from the recent incident of fake news about ETFs and the ticker delivery of Ishare.

[adultcrypto]

With about six months to Bitcoin halving, I do not see price dropping too much. There may be corrections but definitely not deep corrections are expected. We can already see positive reactions in the market that indicates that the bulls are around. This momentum is expected to continue as we wrap of this year.

Those who understand the pattern of the market will use the present retracement to buy more Bitcoin instead of waiting for further lower prices. Even if price goes lower, from next year it will recover and go higher.

[Ruttoshi]

If you listen to this influencers and work with whatever they tell you, you will end up in regret. As far as I know, nobody can predict the price movement of bitcoin right but we can only give speculations bases on previous circle. Most of these people that call themselves bitcoin experts are just there to say whatever they like because they have little knowledge on bitcoin price movement.

I believe that we can never see the bottom line of bitcoin anymore in this circle because we saw that last year ending. Since we are expecting the halving which will lead to the bull run, 20k+ is impossible talk more of 10k.

If ETF bitcoin is approved, it means that bitcoin price will reach $150k next bull run because more people will adopt bitcoin in a very easy way.

[Distinctin]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

I know $50k can be achieved with bitcoin but due to its highly volatility, it will be uncertain when will bitcoin hit that price. Even if we say bitcoin etf will soon to be approved by SEC, but I can't give fixed amount as to how high bitcoin will reach that time. Although  a lot of bitcoin analysts are now very optimistic about the future price of bitcoin, but we all know no one holds the future of bitcoin even Satoshi himself, so all these predictions will remain to be predictions until they're proven true. But to be honest, for me I guess $50k for this year is still impossible to achieve, but it will be highly possible right after the bitcoin halving is over.

[Saint-loup]

Since the FTX crash I listened a lot to Gareth Soloway and Nicholas Merten from Datadash. Both expected lower lows. Soloway even expected BTC to get under 10k at some point. With the recent price rise I'm a bit worried that the ship has sailed. In his most recent video he no longer mentioned these lows. He even mentioned a 50k possibility for this year.

What are your thoughts? How big of a price rise do you expect if an ETF gets approved?
And is a scenario of World War III (Israel + USA + NATO vs an alliance of Islamic countries) bullish or bearish?

You shouldn't listen too much those so-called forecasters when you trade, because if you lose money, you will just accuse them and you won't learn from your mistakes.
Regarding ETF approval I don't think it will have a significant impact on the price, as it is already priced in by the market IMO and because CME and CBOE futures listings along with Bakkt carried high expectations towards the community but didn't really pull up the price sustainably at the end.