What is the lowest level for Bitcoin now?

[LogitechMouse]

Well, I started this topic only two months ago, and now we have a more significant dump. In the last 7 days, the price has slipped by 20%, and now we are below $80k.
The $55k predictions now seem much more realistic.

Today's Bitcoin drop really makes the body hot and cold, the asset dropped quite far because besides Bitcoin other Altcoins also fell.
I can't imagine if the price of Bitcoin reaches $ 55k, this is impossible and this will only make Bitcoin holders cry if it really happens.

I have 2 predictions in what could be the bottom.
34 Weekly moving average which is around the $82,000 and the 0.618 from a Fibonacci Retracement on a weekly time frame which is around the $72,000.

TBH, I'm hoping that the week will end with Bitcoin being above the 34 Weekly Moving Average, because not closing above can be a reversal, but of course we need confirmation candle still. As for the $55,000, it will be reached, but I don't think that it will happen this bull run season. Of course, I might be wrong though, since we are in the crypto space.

[Bobcrypto]

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

The lowest point I think that Bitcoin will no longer go below is the $70k level that if price will respect the gap on that range. But if not then there will be a continuation that might happen anytime soon. Though i can't be that sure on my analysis but who knows where the price is going. 😅

I do think it's going up - we will see after the 20th of this month and afterward.
We can't be sure, but we can speculate, and that's all there is to it.
There are no events that would crush the sentiment on the market currently, imo.

No one can be certain of the current Bitcoin situation, and among those that has given their analysis, it is all based on probabilities.
As we know, any thing can happen anytime, there is no end to events, news, speculations that can energized the market bullish momentum; and there are chances of good news that can boost bitcoin demands, in facts we can't rule out anything on the crypto space in my opinion.
Now, there are many analysis, predictions, forecast of the next Bitcoin movements, unfortunately many people are pointing to a continue downward movements, with a dip into the $70k region. However, i think price may bounce hard, probably to $93k level before another downtrends movements in the coming weeks.

[bounceback]

Now, there are many analysis, predictions, forecast of the next Bitcoin movements, unfortunately many people are pointing to a continue downward movements, with a dip into the $70k region. However, i think price may bounce hard, probably to $93k level before another downtrends movements in the coming weeks.

Have any predicting with bitcoin dip price around $70k but I am not sure yet although bitcoin huge dump in last several days ago but right now bitcoin have faster recovering. After dropping under $78k and bitcoin have been recovery up to $84k just waiting with the moment hit above $100k.
As usual correction moment with bitcoin not get difficult recovery back to higher price because easily after dump to lower price many investor have buy back and hold it until raise again to higher price, they have target for selling if bitcoin hit back above $100k and its not take longer time.

[0t3p0t]

the 0.618 from a Fibonacci Retracement on a weekly time frame which is around the $72,000.

This is also what I am expecting for the price to fall back and if we can see confirmations of continuos down trend that might be possible to reach by first or second quarter this year though I am not sure if it reall will but that was just my own speculation.

[taufik123]

the 0.618 from a Fibonacci Retracement on a weekly time frame which is around the $72,000.

This is also what I am expecting for the price to fall back and if we can see confirmations of continuos down trend that might be possible to reach by first or second quarter this year though I am not sure if it reall will but that was just my own speculation.

We will see the determination of close weekly in the next 1 day whether a green candle will be formed that confirms that Bitcoin closes this week with a breakout above $ 80K or not. Because when the price touches the Fliptrend support at $ 78.5k the price goes back to the $ 85K area.

Hopefully it can still survive and the scenario to the price of $ 72K or even lower to the downtrend console will not occur

[Gurujebs]

the 0.618 from a Fibonacci Retracement on a weekly time frame which is around the $72,000.

This is also what I am expecting for the price to fall back and if we can see confirmations of continuos down trend that might be possible to reach by first or second quarter this year though I am not sure if it reall will but that was just my own speculation.

I'm not sure we will see full continues down trend of Bitcoin price. The price is now stabilize and the market sell off has reduce. Is this because the Bybit hacker stop selling, I can say but view Bitcoin at the high frame, it is still bullish but if we cross below $74k and downward, it will be a big mess because there is no support around there till we reach $65k

There is going to be more bull side of this market because average but of Microstrategy is also $65k, anything below that price is going to make him get a negative pnl on his investment. Not only him, even Blackrock and the rest will be affected.

[Crypto Library]

We will see the determination of close weekly in the next 1 day whether a green candle will be formed that confirms that Bitcoin closes this week with a breakout above $ 80K or not. Because when the price touches the Fliptrend support at $ 78.5k the price goes back to the $ 85K area.

Hopefully it can still survive and the scenario to the price of $ 72K or even lower to the downtrend console will not occur

I am also hoping same like as you that the market could service even this is going on the worst preparation.

What I am thinking with this current market is on the panicking and on the fear index and this is the situation the whales want to adopted some bitcoin and when they will entered in this market again in this situation may we will see more higher trend on the market. Now let's see by hodling bitcoin more.

[taufik123]

-snip-
What I am thinking with this current market is on the panicking and on the fear index and this is the situation the whales want to adopted some bitcoin and when they will entered in this market again in this situation may we will see more higher trend on the market. Now let's see by hodling bitcoin more.

Now it just needs to collect more Bitcoin and some of the top altcoins that have enough potential for upside in the next trend.
Don't panic about market conditions like this, buying more will give you more profits as well.

Whales play this cycle well, to throw away those who are weak and will only buy them with mura.
then when the time comes a massive pump will occur and will reach a new ATH again which of course makes FOMO even crazier.

[dekafee79]

-snip-
What I am thinking with this current market is on the panicking and on the fear index and this is the situation the whales want to adopted some bitcoin and when they will entered in this market again in this situation may we will see more higher trend on the market. Now let's see by hodling bitcoin more.

Now it just needs to collect more Bitcoin and some of the top altcoins that have enough potential for upside in the next trend.
Don't panic about market conditions like this, buying more will give you more profits as well.

Whales play this cycle well, to throw away those who are weak and will only buy them with mura.
then when the time comes a massive pump will occur and will reach a new ATH again which of course makes FOMO even crazier.

I also see whales playing their role to buy at a cheaper price, because many are panicking by selling their coins cheaply.
better do what you said to buy bitcoin at a lower price, because bitcoin will go up again.
If you still have capital, buy the top coins because that's a good choice.

[taufik123]

I also see whales playing their role to buy at a cheaper price, because many are panicking by selling their coins cheaply.
better do what you said to buy bitcoin at a lower price, because bitcoin will go up again.
If you still have capital, buy the top coins because that's a good choice.

yes I continue to do DCA and I also get in on some potential altcoins. Even a drop like this makes me more excited because I already know how low bitcoin is going down and the profits I'm going to get are also bigger.

Now just look at where Whales will make Bitcoin Price go, don't go against it and always think like Whales would be very helpful.

[Crypto Library]

Now it just needs to collect more Bitcoin and some of the top altcoins that have enough potential for upside in the next trend.
Don't panic about market conditions like this, buying more will give you more profits as well.

Whales play this cycle well, to throw away those who are weak and will only buy them with mura.
then when the time comes a massive pump will occur and will reach a new ATH again which of course makes FOMO even crazier.

Well said. The whale were manipulating marketing just to eat some more bitcoin on dip from the people's in the market. And here if we just control our self then we can make sure our profit in this bull season.
As well in the previous bull season before the all time high price bitcoin have done like these kinds of market manipulation here I think even bitcoin has just pump and trying to recovering I think still we will see some more manipulation on the market.

[Bobcrypto]

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

The lowest point I think that Bitcoin will no longer go below is the $70k level that if price will respect the gap on that range. But if not then there will be a continuation that might happen anytime soon. Though i can't be that sure on my analysis but who knows where the price is going. 😅

As far as Bitcoin market is concerned, nothing is certain on the crypto market. Based on my analysis, I have predicted that Bitcoin will not go below $75k region, but with the current market changes, especially the huge supply entering the market, I have adjusted my analysis and predictions, I think it possible to see Bitcoin breaking the $73k support level.
It is very difficult to predict the market, and any thing can happen. There are market makers, or whales who are determined to control the market, they are part of the drawbacks in predicting the market to a satisfactory level.

[enwi]

I also see whales playing their role to buy at a cheaper price, because many are panicking by selling their coins cheaply.
better do what you said to buy bitcoin at a lower price, because bitcoin will go up again.
If you still have capital, buy the top coins because that's a good choice.

yes I continue to do DCA and I also get in on some potential altcoins. Even a drop like this makes me more excited because I already know how low bitcoin is going down and the profits I'm going to get are also bigger.

Now just look at where Whales will make Bitcoin Price go, don't go against it and always think like Whales would be very helpful.

Market always in line with the level of demand and any person who is used to witness the fluctuation of the assets’ prices will for sure believe in every direction taken. When prices are cut, it is not only to reduce the figure but the openness to obtain greater satisfaction in the future. Maintaining on the strategy that is set is crucial because it is not ephemeral spikes in an industry and subsequent dips that one seeks to achieve, but increased returns at the end of the day. As we can see, this cycle repeats itself, and that is why if a decision was made with some patience, it would give a more satisfying outcome. To achieve the objectives set for a particular period, it would be pertinent to avoid allowing momentary emotions to sway, this would place us in a better standing later on.

[doc]

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

The lowest point I think that Bitcoin will no longer go below is the $70k level that if price will respect the gap on that range. But if not then there will be a continuation that might happen anytime soon. Though i can't be that sure on my analysis but who knows where the price is going. 😅

As far as Bitcoin market is concerned, nothing is certain on the crypto market. Based on my analysis, I have predicted that Bitcoin will not go below $75k region, but with the current market changes, especially the huge supply entering the market, I have adjusted my analysis and predictions, I think it possible to see Bitcoin breaking the $73k support level.
It is very difficult to predict the market, and any thing can happen. There are market makers, or whales who are determined to control the market, they are part of the drawbacks in predicting the market to a satisfactory level.

Whales always have a plan to manipulate the crypto market, it is not easy to predict. If the price of bitcoin drops to $ 73K, it's time to buy. We have to be prepared for what will happen, don't panic because the bullish season will still occur until Q3 this year. This is the prediction of many people.

[examplens]

Whales always have a plan to manipulate the crypto market, it is not easy to predict. If the price of bitcoin drops to $ 73K, it's time to buy. We have to be prepared for what will happen, don't panic because the bullish season will still occur until Q3 this year. This is the prediction of many people.

A rhetorical question
How can we buy if we don't have money because we're not selling right now, so, we don't panic.  That's always a dilemma.
I consider myself a long-term holder; in fact, I am waiting for the amount that will enable me to retire. But many times, I failed to sell on high and buy more on dump for the same (fiat) money.