Quote from: BobK71 on September 14, 2022, 10:17:51 AM

Quote from: EarnOnVictor on August 29, 2022, 06:30:22 PM

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?

If we look at the last 90 days chart, it can be seen that the price of Bitcoin was between $21000-$22000 and has remained at the same position till today. Bitcoin price will not change during this crypto winter. There is no chance of Bitcoin price going below $17500 and on the other hand there is no chance of going above $25000 within this year.

I'm afraid it is really happening ? or happened ? 21,000-22,000 in 90 days? remember that we dropped down to 17k last month and there are many chances or occasions that may bring more damage in the prices as there are so much bad news and negatives to happen.

Quote from: fzkto on September 14, 2022, 11:19:04 AM

Right now it looks very much like bitcoin could drop back to the previous bottom. But this chart looks like an accumulation, so I believe that even if we touch the previous bottom, it will all be within the existing channel. But if things go wrong and the stock markets start to fall even lower, then bitcoin will face another collapse.

the previous bottom is 17k level , and now it seems that we are going down below that level again and may be more lower because the trend is coming bad this year till next.