No way the recent Bitcoin low of approx $78K holds. Charts suggest lower targets

[Fivestar4everMVP]

However, I do think it will head back to highs by year end.

Will it return to its high levels by the end of the year?!!! There's a long time until the end of the year, and it's difficult to make long-term forecasts over these long months because conditions are volatile. Consequently, major news may emerge that could change the entire trend.

In any case, a rise was expected at the beginning of the year, a decline in the price at the end of the year, and perhaps the end of the cycle, contrary to your expectations.

I quite agree with all that you said, news is the major driver of the cryptocurrency market, and not just the crypto market, but also every market in the world today including forex, precious stones/metals and so on.
I think the cryptocurrency (most especially Bitcoin) market have grown past the stage where prices move based on sentiment and dry speculations..

So at this stage, it may be pretty difficult to make a long term price prediction of bitcoin and end up being accurate, alot can happen in the course of the months that could move the market up and or down depending on how positive or how negative the news is.

[Vx1]

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the best we can do is speculate and take action when the opportunity arises we have different targets so for some people they think previous prices were already the lowest or at least low enough for them to gain entry to the marker

they shouldn’t feel regret anymore since what’s done is done they can still however buy more if they could if the price ends up going down again like many predict

As a crypto trader, we must be able to take advantage of the momentum, even though the profit we get is small. Rather than losing, it is better to make a small profit but repeatedly. It is true that everyone has different targets, because everyone also has different analysis. And we cannot always follow others, we must have our own guidelines and we must continue to learn how we can get maximum profit.

[LogitechMouse]

The picture shows how Bitcoin got rejected towards the 21 Weekly Moving Average last week. For some analysts, that serves as a strong support/resistance. Yes, it touched it just as we saw a few days ago, but it didn't end the week above it, and the longer Bitcoin stays below that blue line, the higher the chances that we might go down even more.

I also predict that $78,000 isn't the support, but we might go even lower. I drew a Fib Retracement on a weekly chart, and I saw that the possible support that we might touch is at around the $70,400-$72,300. Of course, I might be wrong since I'm not an expert, but whatever the case, I still believe that we will still see a lower support for Bitcoin and after that, we might see it going down even more or we will see a continuation of the price of Bitcoin going up. Whatever the case is, just be ready for what might be happening.

[omori]

Just forget about them and let the markets run their natural course. It will be easier on your mind.

Yes, of course, there is nothing we can do to make the market go up and even if one can be whale there is a limit on how one can use his/her influence to affect the kind of reaction from the market. For me, I will just be watching and for some this can be a good opportunity to see what can be the best point of entry to buy more Bitcoin. I think that we are really in the doldrum right now, waiting for some developments that can be impetus to further go down or make a dramatic rebound.

I just hope that the things happening on the bigger and broader market won't touch our space that much.

Because currently, investors hold their liquidity hostage to fear and uncertainty.