Many of the best crypto traders are predicting how low Bitcoin will go in the remainder of this year, 2023 and up to the next BTC halving.
After dropping to $19,500, Bitcoin at the time of writing is now green on the day, back above $20,000 – with many altcoins up double digit percentages reacting positively to that psychological support being quickly reclaimed by Bitcoin.
How Low Will Bitcoin Go in 2022 – 2023
Bluntz (@SmartContracter) tweeted a possible max pain scenario – another 12 months of trading sideways with the current 2022 lows ($17,600) being swept and a capitulation to new lows.
Not as low as many expect however (not breaking the $14,000 support level) and short-lived with a quick recovery back into the current range.
His Bitcoin price prediction allows for a deviation above the range highs too – but also not as high as many are forecasting ($28,000 is a price target commonly shared on crypto Twitter).
Bluntz Bitcoin Price Prediction
For those unfamiliar with Bluntz he predicted the Bitcoin bottom six months in advance during the 2018 bear market, predicting it would be $3,200 give or take $200. It ended up being $3,156 on Binance in December that year, against USDT.
@SmartContracter 2018 Bitcoin price prediction – source
The ‘smart contracter, jpeg connoisseur, trader and bubblechaser (when one pops find the next one)’ now has 211,000 followers on Twitter, where Bitcoin price predictions for 2022 and beyond are regularly shared.
Unlike the stocks or forex markets, a large community of professional crypto traders share their expertise free of charge across social media platforms like Twitter, Telegram and YouTube.
BigCheds, another popular account is predicting a brief capitulation wick to $12,000 before the next crypto bull run in which Bitcoin will hit $100,000. Off Twitter, venture capital investor Tim Draper expects Bitcoin to reach $250,000 in the long term.
TraderXO Bitcoin Price Prediction
TraderXO in his latest Sunday markets review stream mentioned he does not think the bottom is in, as V-shaped recoveries like the 2020 covid crash are usually event-driven.
The 2022 bear market in contrast, he stated, has not been due to a single black swan event but rather continued Fed action such as quantitative tightening – which is set to worsen with another $90 billion to be cut from the balance sheet.
In terms of how low Bitcoin will go, TraderXO is predicting a similar phase of accumulation to Bluntz but with a deeper correction, to around the $14,000 level or lower.
Latest TraderXO YouTube video – skip to 45:43 for ‘How low will Bitcoin go’ technical analysis
Alongside TraderSZ, he is then bullish in the long term however in the run-up to the 2024 Bitcoin halving (around May 2024) – and thinks it unrealistic FUD to call for $3,000 price targets as some Bitcoin bears have.
He mentioned those low Bitcoin targets are equivalent to the euphoric permabull predictions and calls to buy the dip when Bitcoin was trading at $50,000 in late 2021.
Best Cryptos to Buy Now to Control Risk
On this site we’ve reviewed many crypto presales that performed well after launch. New crypto projects often do pump initially regardless of bear market conditions and may have more upside potential in the short term this year than passively holding Bitcoin.
Those were:
- Tamadoge (presale still active and 60% sold out)
- Battle Infinity (up 300% from presale)
- Lucky Block (V1 token up 100% from presale, V2 token up 1,000%)
Battle Infinity (IBAT) was recently listed on LBank after its launch on PancakeSwap (with 700% gains on day one) and Tamadoge (TAMA) also has a confirmed listing on that exchange for after its presale.
LBLOCK V2 has an upcoming listing on Gate.io on September 1st and its last CEX listing resulted in a several hundred percent pump – on MEXC.
Bitcoin dominance has dropped further this week – which bodes well for altcoins, especially those with a low market cap.
With the Ethereum merge scheduled for September, ETH and Solana (SOL) may also be good bets to control risk in case Bitcoin continues to underperform the crypto market. That would then be a diversified portfolio mix of big caps and low caps.
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