What’s next for BTC?

19 replies 470 views
Posts: 1 · Reputation: 69
#1Jul 13, 2022, 04:49 PM
Massive resistance around 110K. BTC might drop to 80K soon. Any thoughts?
2 Reply Quote Share
quantumninjaFull Member
Posts: 210 · Reputation: 581
#2Jul 13, 2022, 06:01 PM
Nothing will happen. Or rather, what usually happens will happen - market fluctuations. The price of bitcoin will not stay at one level forever. Sooner or later, a bull market will begin and the price will most likely fall to $80k. Or did you expect eternal constant growth? It doesn't happen.
4 Reply Quote Share
basedmatrixFull Member
Posts: 55 · Reputation: 269
#3Jul 13, 2022, 09:43 PM
Those are just speculation so better don't get panic on things didn't happen yet. If you are a Bitcoin holder for sure that you won't get afraid on these situation. But if you are so stressed and cannot think what's next best action to do. Its up to you to decide whether you want to sell early since somehow your mental health is more important. Just think about buying Bitcoin again when you are ready and knowledgeable enough to try again holding Bitcoin for second time around. I would be happy if those $80k crash would gonna happen since we have good chance to buy Bitcoin at that price again.
0 Reply Quote Share
ericminerSenior Member
Posts: 141 · Reputation: 979
#4Jul 13, 2022, 09:55 PM
Lol, I see a lot of newbies posting this kind of prediction, hmm, it's just weird though, I thought that there could be some armies trying to spread FUD in our community in the last couple of days. Although for me I wouldn't be affected by this kind of narratives as this is not the first time that we have seen this. Nevertheless, I'm worried for others who might think that we will go down to $80k. In any case that we did go down, then it's another perfect time to accumulate and continue to stack sats. But just be careful those about this kind of news, take everything with a grain of salt and just be educated. There could be accounts that maliciously spread negative here.
4 Reply Quote Share
john.gweiFull Member
Posts: 242 · Reputation: 759
#5Jul 14, 2022, 12:11 AM
What has actually brought bitcoin price to this current fall is obviously the Israel and Iran conflict in the Middle East which has affected not bitcoin only but other financial assets prices in the market  to drop. It is expected that with such  especially as the conflict has has lingered for more than a week should have effect on bitcoin been a volatile asset influenced by significant global news.  By now I had thought bitcoin would have dropped below 100k but we still have bitcoin price floating above 100k. This is the confidence that the bull run is still here. And we can still see price breaking above 110k resistance with any other significant positive news especially with all the institutional and governments strategic reserve adoption ongoing.
1 Reply Quote Share
jakewolfFull Member
Posts: 116 · Reputation: 629
#6Jul 14, 2022, 04:58 AM
$110k is not a price that will last forever. Previously, the Bitcoin price was below $90k and that didn't last forever either. Prices change all the time. The all-time high price reached on May 22, 2025, won't last forever either. This is what is said about the volatility of the price. Bitcoin is an asset that does not need to be panicked when the price changes. If you have 1 Bitcoin that you bought at $110k, it means that for now it has decreased by a few percent. Don't panic, in the long run you will get back what you lost.
3 Reply Quote Share
ledger_protoFull Member
Posts: 110 · Reputation: 772
#7Jul 15, 2022, 08:04 AM
This question reminds me of the trade war, when not many people believed that bitcoin price would correct just because of that news and they underestimated its impact. But then the tariff war even caused bitcoin to dump and lose more than 30%. Bitcoin dropped to $77k just because of Trump's trade war. Why can't Bitcoin drop below $80k again if the war between Iran and Israel gets more intense and spreads to more countries? Anything can happen, and we should always plan for it instead of being subjective and assuming it will never happen.
4 Reply Quote Share
paul_apeFull Member
Posts: 47 · Reputation: 293
#8Jul 15, 2022, 09:08 AM
We all know that there’s no strong resistance that can hinder Bitcoin growth once the momentum and trend already there. It’s that the price might dip or correct oven lower level but what important is the resilience of Bitcoin since it always recover how hard it dumps. So instead of worrying what will happened next I do consider the low price as perfect entry for my DCA until the price comes back again at top. There’s no way Bitcoin will be valueless in the future so there’s no downside on Bitcoin investment if you have patience to wait.
0 Reply Quote Share
ledger_novaFull Member
Posts: 83 · Reputation: 332
#9Jul 15, 2022, 02:51 PM
A lot of Bitcoiners are scared and panicking at the mention of a crash cutting down to a price deductions of Bitcoin whereas there's no point to do so, though we can't outrun this pattern cause regardless they are fluctuations rate that tend to change overtime. So even if there could be a crash down there's no room for panicking.
5 Reply Quote Share
block_2018Senior Member
Posts: 155 · Reputation: 949
#10Jul 15, 2022, 07:48 PM
Where is the data that bitcoin will fall in the next few months? Is it because of the Middle East war situation and America interfering? Hmm this is just speculation but it doesn't matter what you say whether you believe it or not, it still can't be said to be accurate but with a big drop in the future, this is not certain because price support is still strong at this time. Don't worry about the decline, it's more appropriate to collect more BTC when the price is discounted.
2 Reply Quote Share
its_vaultFull Member
Posts: 134 · Reputation: 435
#11Jul 15, 2022, 11:34 PM
We don't know what the market will be like for Bitcoin in the coming months. Bitcoin can make a tremendous increase or decrease between this coming months, we don't know what it will look like. But we are just hopeful before Bitcoin falling to $80k, Bitcoin has reached an estimated high price of $150k before it began to fall to the assumed cost price of $80k you have in mind.
5 Reply Quote Share
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#12Jul 16, 2022, 05:29 AM
If you understand bitcoin well, sharp drops and sharp rises are nothing new, you should look at the past and what bitcoin did at that time when bitcoin dropped sharply, it will return to its position again and it is better to take the moment of decline as an opportunity if you believe in bitcoin as a long-term asset. Panic, fear will lead you to the gate of destruction.
4 Reply Quote Share
raven1337Hero Member
Posts: 530 · Reputation: 3357
#13Jul 18, 2022, 08:11 AM
Another bad sentiment is coming. BTC gets shaken by the latest news by Iran. We're already out of 100k range, and jumped back to the 99k - 90k range. I also saw the chart, and pretty obvious it would be moving down to the 95k - 96k. I have my long position at this rate, but for the scalping purpose only. I believe things will be worsen in the coming days. Prepare your seatbelt. We have been mooning for months, and it's time to go down.
1 Reply Quote Share
cobr4404Full Member
Posts: 236 · Reputation: 772
#14Jul 18, 2022, 08:30 AM
Just look at that chart and you will see what can happen. Looking at that picture, you will see that the 38.2 Fibonacci retracement coincides with the previous resistance at around the $97,800 price, and I don't know, but I've said it a few times here that Bitcoin might go below $100,000. I just didn't expect that it was this fast though. Currently, there are around $875,000,000 worth or liquidation in just 1 hour. The Iran-Israel war really has that huge of an effect, eh. Just to add, there's a CME gap at around the $92,000-$93,000 area, so I expect that it will fill that gap since for 90% of the time, that gap is always being filled. From there, I don't even know if the market will go up again or not especially with that double top that has been formed. Anyway, majority of my portfolio are still in Bitcoin and altcoins, but I've sold half of them already weeks ago and currently holding some USDTs. Hope nobody will panic especially with what's happening. The market will return to normal once the war will end... or will it be.
5 Reply Quote Share
alex2014Full Member
Posts: 225 · Reputation: 798
#15Jul 18, 2022, 11:23 AM
For a while now, we have expected bitcoin to have such huge significant corrections after the latest all time high price benchmark, although we may not witness such drastic fall in price to the extent of reaching the $80,000 price that you speculated. At the moment bitcoin dipped below $100,000 and this could be the lowest that bitcoin can go in this period of time.
3 Reply Quote Share
humblebossFull Member
Posts: 74 · Reputation: 253
#16Jul 18, 2022, 03:02 PM
They are not Bitcoiners rather just a casual trader if they will panic on a simple price down while it’s happening a lot in the past as normal days on Bitcoin price movement. Real Bitcoiner knew that the price will be back at the top regardless how dire the situation for Bitcoin. For now, the only negativity is the war between Iran and Israel while the effect is just temporary on Bitcoin since it’s commonly used as safe haven when traditional market crash.
2 Reply Quote Share
ryanwizardSenior Member
Posts: 334 · Reputation: 1694
#17Jul 18, 2022, 04:30 PM
Definitely it will crash one day to $80,000 or even a little bit more lower up to $60,000 as the case may applies, but as for now, we should see it as what may not happened now until we are done with the bullrun, despite how the market is currently falling down below $100,000 and we don't know how this correction may go until we observed the final supportive point and now it's direction, but before then, we should not expect more of the market to plummet down the rail in this manner that could render the complete market into bear season.
0 Reply Quote Share
WildChadFull Member
Posts: 48 · Reputation: 298
#18Jul 18, 2022, 04:50 PM
It could happen if the tension of conflict and war continues this month, especially since the route often used by oil ships in the Persian Gulf is also not in good condition so there is tension that has not been resolved at this time which has caused more markets to turn red and even Bitcoin was at $98K today so I hope Bitcoin does not fall to $80K even though the conflict in the Middle East is still not over. So let's pray that Bitcoin buyers can be much more than sellers for now so that Bitcoin has strong support so that it is no longer corrected to a lower price.
3 Reply Quote Share
hodler_gweiFull Member
Posts: 82 · Reputation: 479
#19Jul 19, 2022, 09:02 PM
I think there is no problem and I feel fine even if the price of Bitcoin drops further, I don't care. Because I treat Bitcoin for the long term, and the decline that occurred was actually the best moment for me to collect more Bitcoin because it was a discount that should not be wasted because in the end the price of Bitcoin will go back up even beyond the previous high. The decline in the price of Bitcoin is certain to happen, because many factors may be influenced by the ongoing war between Iran and Israel. But what we have to know is that Bitcoin has gone through several wars and other conflicts and Bitcoin is still fine and its price will go back up and whatever happens is all just a matter of time that does not need to be worried about.
5 Reply Quote Share
AtomicMaxiFull Member
Posts: 59 · Reputation: 262
#20Jul 19, 2022, 10:12 PM
Bitcoin price drop is normal, nothing will happen even if Bitcoin drops to $80k. Previously, Bitcoin from the beginning of this month has been holding above $100k, a drop is certain because Bitcoin will not always be at the same price or move up as we hope. Let's see if the price drop will continue to $80k or will go up again to close this month.
3 Reply Quote Share

Related topics