Is a crypto expert's prediction going wrong?

[marthapagehere]

The drastic fall in BTC  price has made experts assume the price to fall even more up to 8k USD. But, Fortunately, the BTC price has been gradually increasing to today’s price of $23k.

What do you think about it, Does the BTC price prove to them what experts said is wrong?

[mu_enrico]

It's common to have a short price jump or a rebound after a big correction, but as long as it doesn't break the resistance level multiple times, we are still in a bear market.



Based on the pattern above, if the price drops again in the next few days/weeks, it probably will go down below the last support level.

[Goldmember1]

I don't think that BTC will rise again...

[syedrasool2011]

Still bitcoin not go to bottom am shoor that bitcoin will dump to 14k soon bad news in market still want to down bitcoin so be careful away from market wait for big dump am still waiting for it.

[pacar_tiri]

Still bitcoin not go to bottom am shoor that bitcoin will dump to 14k soon bad news in market still want to down bitcoin so be careful away from market wait for big dump am still waiting for it.

at bearish season, anything can happen.
Bitcoin will go down and maybe your prediction is right. Bitcoin will touch 14K USD,  I think It's good time to buy and hold until 2024 or maybe 2025.

[Fenix]

Still bitcoin not go to bottom am shoor that bitcoin will dump to 14k soon bad news in market still want to down bitcoin so be careful away from market wait for big dump am still waiting for it.

This bearish season is already in its ninth month and it is unlikely that such a significant drop in the price of bitcoin is possible after such a long period. Usually, a strong drop occurs in the first months, and then the low price only fluctuates a little, given the high volatility of the cryptocurrency. Therefore, bitcoin can still fall, but not to $14,000. Most likely, the current price with minor deviations will remain until the autumn, and then its significant growth is possible.

[KaliLinux]

The drastic fall in BTC  price has made experts assume the price to fall even more up to 8k USD. But, Fortunately, the BTC price has been gradually increasing to today’s price of $23k.

What do you think about it, Does the BTC price prove to them what experts said is wrong?

All you need do is look at this chat, From 2011 even with all the bear markets Bitcoin has always been on a Bull trend. Who would have thought Bitcoin with a $0.05 price in 2011 would be @ a $69k+ price. Those are just people predicting what they think will happen, some come true some don't, it is no big deal as far as I am concerned.

[mu_enrico]

All you need do is look at this chat, From 2011 even with all the bear markets Bitcoin has always been on a Bull trend. Who would have thought Bitcoin with a $0.05 price in 2011 would be @ a $69k+ price. Those are just people predicting what they think will happen, some come true some don't, it is no big deal as far as I am concerned.

It doesn't work that way mate... with that logic we are still in the bull run even when the price reaches $1 since it's still higher than $0.05. To determine bull/bear usually use moving average price, for example MA-200 for long-term trends:

Above the line is the bull market and below the line is the bear market.

[alltalk]

The drastic fall in BTC  price has made experts assume the price to fall even more up to 8k USD.

Not all crypto experts predicted Bitcoin price to fall toward $8k. Some experts still believe that Bitcoin ATL should be above $10k, but they can't predict what the ATL will be.

Fortunately, the BTC price has been gradually increasing to today’s price of $23k.

I assume it is just a temporary increase, it is very possible to drop again below $20k. There is no guarantee that Bitcoin price will continue to increase above $20k. I guess there will be the next dumps in Q4 of 2022 and Q1-Q2 of 2023.

[Muneeb22]

Not everyone expert prediction is going to be wrong but this time almost so many high prediction peoples will be wrong becasue all the crypto market is going down day by day and this time almost big whales will not be enter in the market if they start invest in the market it will go high.

[Master107]

As far as I know expert knows prediction still prediction. Assumption to predict the possible thing to occur but not literally exactly what it is need to be seen base on predicted tables. Failing to plan is planning to fail.

Plan and analysis is helpful to possibly anticipate the next that might occur. Volatile still in crypto.

[Senin]

Now we see that bitcoin has been growing in price lately. Its current price is $24,457. But still, some suggest that there will be another significant drop before it is free to continue to rise and push the entire market up. Even if that happens, I don't think the price of bitcoin will drop even below $15,000, let alone $8,000. But in August and even in September, most likely, both falls and short-term price rises are still possible. Usually, a good growth of cryptocurrencies starts from October.

[Abdulcrypto784]

There are so many predictions of experts but According to my opinion this bearish season now turned into recovery session. Price of bitcoin increase gradually This bearish season is already in its 9th month and it's gone Now the prices not go down.

[doc]

The drastic fall in BTC  price has made experts assume the price to fall even more up to 8k USD. But, Fortunately, the BTC price has been gradually increasing to today’s price of $23k.

What do you think about it, Does the BTC price prove to them what experts said is wrong?

I think we all see bitcoin is recovering again now.
Many people predicted bitcoin will fall until the bottom maybe at 10 K USD, But I think It will never happen.
Bitcoin is still strong.

[gunhell16]

I don't think that BTC will rise again...

How did you say that? do you have proof? Say that if you have valid proof so that what you say will be credible no matter what so that what you say will not be shameful. Everyone knows that Bitcoin has the highest chances to increase again or more in the future, which is why many people still buy and hold it for a long time.