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

Do you Think We Will See BTC at $20,000 or Lower?

  • Yes

    Votes: 55 34.4%

  • No

    Votes: 105 65.6%
  • Total voters
    160
  • Poll closed .
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guys, until the FED stops their quantitative tightening, all risk assets are off the table. Thats stocks as well as cryptos. $12k on crypto is very likely, and very well may be the turning point, but it depends on what the FED is doing at that time. We won't know what the bottom is until the FED decide its time to turn back on the money engine. Don't forget, regulation is coming to crypto, so I personally do not think BTC will ever hit $100k. Or maybe it will, but when regulation comes in, BTC will likely become illegal unless it applies for some sort of license to be traded.
 
lol at people questioning the "logic" behind this prediction...

did yall forget about predictions, backed by "research, algorithms and data", claiming that BTC will cross $100K

The FACT about crypto market is ...nothing works excepts large scale manipulation aka Whales movement
 
yousefgreat said:
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.
Click to expand...

it's interesting, but why do you take only this two cycles? Much more similar drops groupa can be found at the btc chart...
 
yousefgreat said:
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.
Click to expand...
Agree. We still have 9k CME Gap.
 
Btc can go
$1000 > $140 (2013)
$20,000 > $4000 (2018)
$60,000 > $12000 (2022) possible
 
yousefgreat said:
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.
Click to expand...

5k by oct
 
Nice thread!
Yes, could be true to see -80% soon, but also could be true to see most-high ever price.

Also I don’t understand when they say on news, TV that people are loosing money.
If they did not know for bullrun and that is not best time to invest after 1st January then crypto is not for them…
 
Who do you guys follow that are giving you this information?
 
Seosavvy said:
Who do you guys follow that are giving you this information?
Click to expand...

What info? All the data you need for trading is in plain sight, the chart itself and of course reading the latest news and filter what's fake and not.
 
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