Vote on dPoll - How low will Bitcoin go in 2022?
(Edited)
Although Bitcoin has officially hit $69,044.77 just 17 days ago, it is now down 20%.
My last dPoll asked "Will BTC hit $75k or $53k first?"
Although 6/7 responses suggested it would hit $75k, it has not yet. It might still go higher, as many are suggesting there will be a last minute christmas rally. Others predict an event could crash the markets as well as Bitcoin. Could it go down to 30k in 2022? Could it drop even further?
January 2020 was not so long ago. Could we see BTC test 10k?
I ask, how low will BTC go?
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53k is an important support level for BTC. It seems to me that it would be better to look at the overall trends rather than taking a snapshot of a moment and then cropping whatever biased picture they want to paint. Not accusing you of this but this was something I noticed people doing right after BTC's ATH.
https://ecency.com/hive-167922/@higherlow/is-the-mt-gox-rehab-plan-the-reason-for-the-bitcoin-dump
This user was reporting on a dip and the reason for it but in actuality this is a correction and that's how ATH's work. It's not like it was crashing, it was consolidating above where it was previously but all the low tier analysts pop their heads out and clap for each other for what could either be described as baseless speculation or propagandistic FUD depending on how charitable you want to be. A person could emulate this behaviour and paint just as negative picture about Hive's price since it just hit an ATH as well and then had an obvious downtrend which would be expected.
Graph below: @jim-crypto's [THG Founder] tech analysis yesterday. BTC buy and sell points easy to see in the analysis.
BTC = Long term Hodl. However, it is Likely that we will see a $67k+ Bitcoin before Christmas.
#leofinance #splintertalk #oneup #psyberx @darkflame @jbtc19warrior @captainquack22 @doomz @leofinance #cubdefi @monster-curator
Bitcoin fell to 53k first.
BTC is down to $41,967 now as of 1:59pm MST on Dec 6 2021
Will Bitcoin fall to $30k?