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12K USD May be the Bottom for Bitcoin in Worst Case Scenario by chorock

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hive-167922 · @chorock ·
$5.72
12K USD May be the Bottom for Bitcoin in Worst Case Scenario 
Bitcoin price is around 16666 USD after FTX Fud for a month. Lots of investors are waiting to buy discounted BTC under 15K. Some of them are waiting to see 9K, Some of them are waiting to see 14K...

I think 12K USD may be the bottom for Bitcoin price If we see the worst case scenario for market.

Here you can see downtrend line coming from 69K. It is broken up and retested. So, we may not see the price this line below..

There is also support line coming from the middle of 2021.. It is on 12K USD now...

![Ekran Resmi 20221206 22.55.50.png](https://images.hive.blog/DQmdKgARgexm5CbnhP8gwrJKwaN6t5Tya5mvwnDSE3HKetS/Ekran%20Resmi%202022-12-06%2022.55.50.png)

There are lots of negative news on market. We may see negative new CEX crisis. Kucoin is on the top of the list...

If we see this scenario, we may see middle crypto season before 2025 and the target of this season may be around 40-50K USD as we saw in 2019...

![Ekran Resmi 20221206 23.02.34.png](https://images.hive.blog/DQmQjL6auy7w62PTQaLXkUz4BhGv8kAUVpFDauvy36Vzk2q/Ekran%20Resmi%202022-12-06%2023.02.34.png)

Stabile market is boring for investors but It is great signal that we may be close to the end...

We will see...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chorock/12k-usd-may-be-the-bottom-for-bitcoin-in-worst-case-scenario)
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vote details (70)
@arcange · 
Dear @chorock,<br>May I ask you to review and support the new [HiveSQL Proposal](https://peakd.com/me/proposals/247) so we can keep it free to use for the community?<br>You can do it on [Peakd](https://peakd.com/me/proposals/247), [ecency](https://ecency.com/proposals/247), [Hive.blog](https://wallet.hive.blog/proposals) or [using HiveSigner](https://hivesigner.com/sign/update_proposal_votes?proposal_ids=%5B%22247%22%5D&approve=true)<br><br>Thank you!
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@borsengelaber ·
$0.02
😏 12k is probably the last resort but I currently doubt we will go that far. 
My base scenario is another final test of the 15k area and then slowly back up again. New ATH probably 2024.
👍  
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@acesontop ·
$0.03
2024-2025 is when I'm expecting new ATHs as well.
👍  
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@coininstant · 
$4300 can be the bottom under best case scenario...lol!
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@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 135 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-134-and-start-week-135) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>9</sub></center>
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@shadess · 
I doubt if we would see a $12k scenario.

I expect the price of BTC to start rising before the year ends.

Atleast $30k by march next year.
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