Next BTC Bottom at $12k, and Here is Why!

[SpawneR]

Nobody knows, and nobody will know.
No alt season yet, Whales are manipulating a lot last 3-6 months, no rules, no trader can predict anything anymore, my opinion.

 

[im.King]

Nobody knows, and nobody will know.
No alt season yet, Whales are manipulating a lot last 3-6 months, no rules, no trader can predict anything anymore, my opinion.

This is True and this is what i am keep saying over and over that we never know because we retailer’s are not the Market Maker instead whales and institutions are the who Run the market as they want to !

 

[cynic]

I predict the BTC to bottom around $12k - $15k during the next bear market. Why? Simply because history repeats itself!

Here are some, not so fun memories to help you keep things in perspective:

1ST CYCLE
April 2013 --> BTC Price: $1,240 at CYCLE's ATH
January 2015 --> BTC Price: $200 bottom
That correlates to an ~83% drop in price.

2ND CYCLE
December 2017 --> BTC Price: $19,800 at CYCLE's ATH
December 2018 --> BTC Price: $3,300 bottom
That correlates to another ~83% drop in price.

CURRENT CYCLE
November, 2021 --> BTC Price: $69,100 Current ATH
Next bottom if history repeats itself --> ~$12,000

Could history repeat itself? Probably yes!

Moral of the story: If you never take profits off the table, you're never going to have enough liquidity to catch the dips.

I cashed out the majority of my profits and have my buy orders for BTC spread down between $20k - $12k.

Flame me all you want =)

Maybe someone will thank me for a year, two, or three from now! xD

And of course, DYOR! This is not financial advice.

What's your prediction for eth ?

 

[anglikan]

You think 69k is the final ath in this season?

 

[R4v3nbl4ck]

You think 69k is the final ath in this season?

I think BTC will reach $100k in Q1 or Q2 2022.

 

[im.King]

You think 69k is the final ath in this season?

Cannot say anything because the Trend is Still moving Upward and can cross $100K tok easily

 

[IcemanPPC]

Year-end Prices

Low Mid High

2021: $21,000 $30,700 $56,200

2022: $40,300 $50,500 $84,600

 

[Cryptocrypto]

I don’t believe 69k will be the ath for this cycle. I do; however, believe that bearish market may go down to ~20k based on previous cycle as OP mentioned. Does this mean I’m bearish? Absolutely not! I’ll buy now and keep buying dips to maximize profits and increase capital to buy even more dips.

 

[HenryObi]

Your argument is akin to the following.

I always brush my teeth in the morning.

But last day of April I brushed my teeth at night.

And last day of June I also brushed my teeth at night.

And last day of October I also happened to brush my teeth at night.

So in the last day of any of the following months till end of 2022, I will definitely brush my teeth at night.

You're right about his argument being similar to the analogy you gave but in reality that's how predictions are made, whether this would exactly play out with BTC is what I don't know.

But predictions are made from looking back history of whatever is being predicted and how it had behaved.

In the teeth brushing, example predicting that he's going to brush at night in one of the months is highly likely to happen. Very likely, due to the frequency.

 

[im.King]

I don’t believe 69k will be the ath for this cycle. I do; however, believe that bearish market may go down to ~20k based on previous cycle as OP mentioned. Does this mean I’m bearish? Absolutely not! I’ll buy now and keep buying dips to maximize profits and increase capital to buy even more dips.

WHO KNOW ?

what will Happen at then end of all Bull and Bear trend we will still he in Profit in Bitcoin… All just matter of time holding

 

[Cryptocrypto]

WHO KNOW ?

what will Happen at then end of all Bull and Bear trend we will still he in Profit in Bitcoin… All just matter of time holding

True! It’s all predictions, and ways to hopefully maximize profits. In the end, profit is profit..

 

[im.King]

True! It’s all predictions, and ways to hopefully maximize profits. In the end, profit is profit..

All we can do is just have Bitcoin in Discounted Price on each dip and Let the Ride Plah by itself !

Because there will be time also come when bitcoin we might see at 10K but again the same question who know when it will happen .

 

[lotsofmoney]

Bitcoin will never go to $12k now. Microstrategy will buy all the bitcoins even if touches $30000.

 

[awesomewebsites]

I think BTC will reach $100k in Q1 or Q2 2022.

That is almost 100% sure. It could have happened this year itself but then 20% drop happened recently.

 

[Elvlin]

hard to say, since now too many institutional money is involved.and crypto space has evolved so much
i do agree tough you need to liquidate your profit. take your capital and half your earning than split it to other new project. continue till you get to be whale lol

 

[italianstarman]

In every phase there are never the same holders and never the same speculators.

We are in the middle of an economic collapse, BTC is going to be the king.

 

[kingvestor]

I am convinced that BTC is bearish but need 1 more confirmation candle on which price BTC's heading

 

[R4v3nbl4ck]

I am convinced that BTC is bearish but need 1 more confirmation candle on which price BTC's heading

It's only bearish if it goes below $43k and stays there.

 

[kralseko40]

If btc drops 12k it will be an excellent opportunity to buy. but unfortunately this is not possible

 

[anglikan]

Bitcoin will never go to $12k now. Microstrategy will buy all the bitcoins even if touches $30000.

Whenever Michael says MS bought btc , we always see the waterfall