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

[oldguyjoe]

Your logic is extremely abstract. News flash, investors forecast and predict future market activity by correlating previous market behaviors and trends… I suggest you do some researching yourself.. And while you’re at it, please brush your teeth daily.

Some BHW members think that markets are following some abstract random ruleset and forget that historical patterns matter the most when humans are making buying and selling decisions, which is the only thing that moves prices. If enough investors see the pattern, that only increases the importance of said pattern, no matter how absurd the pattern. The patterner that nobody sees is a useless predictor. HFT screws with it a bit, but imo that is only because machines operate on a different level of pattern recognition as us humans do.

When people complain about market manipulation, they actually mean that someone with a lot of money created price movement that others recognized as a taught pattern and followed it. If we didn't react to fake out patterns like that, manipulation would be harder to pull off.

To answers the OPs question in a cheeky way: yes, BTC will definitely go below 20k, idk when, but it will happen at least one more time, because it is not eternal, it will die one day. Might die before most of us... Calm down HODLers, it is just words on the screen. What goes up, must come down, nothing lasts, everything dies.

 

[davids355]

Honestly I don’t see that happening.
If it does though, I’ll sell a couple of my limbs and buy Bitcoin with the proceeds.

 

[lotsofmoney]

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

They bought a lot in last one week.

 

[chockfactor]

The market is way more mature and a lot of institutions and big investors are in it. So from a buying perspective no. It won't go down to 12k. Not even 20k.

 

[trfoti]

This week is very interesting week. We me see ATH at BTC

 

[R4v3nbl4ck]

This week is very interesting week. We me see ATH at BTC

I agree. Whales are accumulating and on-chain analysis shows strong bullish signs. I think BTC is almost ready to attempt a new bull run.

 

[Kambaggo]

Who bought the dip?

 

[structure]

You made a good analysis, I hope it doesn't happen

 

[J0E]

Who bought the dip?

Never try to catch a falling knife!

 

[Nihilism]

Past performance is no guarantee of future results

 

[J0E]

Past performance is no guarantee of future results

This is my prediction based on historical statistics. I never mentioned the term "guarantee", mate.

 

[IGReachPro]

Won't happen but if it does, I will sell my house, car, even my wife and all in

 

[xiffed]

Strong hands baby. Just HODL

 

[CoderFromHell]

BTC won’t ever touch 12k again. Please stop promoting this false narrative. Lowest it’ll got is 35k.

 

[J0E]

BTC won’t ever touch 12k again. Please stop promoting this false narrative. Lowest it’ll got is 35k.

If sub $20k BTC levels seem impossible to you, then just ignore my thread.

I have the right to write my predictions; you don't have the right to suppress them.

Thank you.

 

[ppcads]

83% from top is impossible cause market is full of money. Its easy to calculate % from previous drops but market situation is completely different that it used to be on those years. In my opinion it cant go down 40k even. It can maybe reach to 40k in a month cause people cashing out to cover Christmas and New Year expenses but i really doubt it will touch even 40k. Plus there r way more institutional investors than previous years who dont cash out on first small drop. In 2 months you can see easy 50-55k+ again.

 

[maniuty]

The cryptocurrency market is very unpredictable

 

[CoderFromHell]

If sub $20k BTC levels seem impossible to you, then just ignore my thread.

I have the right to write my predictions; you don't have the right to suppress them.

Thank you.

You evidence is built on past performance that isn’t even accurate. You were better off using a graph, bubble gum and a bible of revelations.. at least that would of peaked my interest.

 

[CyberHour]

Well you know what they are saying..

Always remember the 3 rules.

Don't believe everything you read online..
Don't take advises from people who wear masks when they are homealone.
Don't take advises from those who sold out at 20k just because was the previous ATH and now are dreaming history to repeat it self.
In fact when comes to BTC .. history cannot repeat because Nor in 2013 nor in 2018 we had multi billion companies , banks and HF involved in crypto.

As always.. not your mom.. this is NFA

 

[SEOBitnet]

I would like to buy in at 12k when BTC was running hot everyone was predicting $100k by end of the year.. what happened?