Topic: HOW LOW BTC CAN GO? - page 5. (Read 729 times)
I choose "$5000-4500" because that was the lowest we've dropped this year so far, and I am not expecting to see another dump again since bitcoin is already strong at its support, currently the market is moving well, bitcoin got good increase today and hopefully we are heading to $7000 soon.
It is impossible for us to predict the price of Bitcoin, we shouldn't bother about the people who are providing the signals. Anything can possibly because due to the virus is spreading which makes most of the coins and shares is losing their value. Now the market situation is in the predictable, stable so there are 50-50 chances.
Short answer is nobody knows. Things are still extremely volatile in all markets even outside of Bitcoin and cryptocurrencies, and it's usually not a good idea to call bottoms. If you've got any open trades, set stoplosses on them especially if you're trading on a leveraged derivatives platform like Bitmex, and make sure loss mitigation is the thing you're focusing on. I personally believe we're not going below the $3000s, but we're currently in limbo and the price action could shift to either down or up at any moment.
No one can tell you how low btc can go or how high btc can go. It's hard to predict crypto market & btc can reverse any time from any price.No one can tell you the exact price. Even after making your post btc price already raised.In my view that low price was the dip,I don't think we can see this dip again,also hoping that btc will never be lower than 10k$ after the halving.
Well,I believe Bitcoin has just reach the lowest when it hits $4,100 (the lowest recorded on March 13)
There are still a lot of cryptocurrency investors who are very optimistic about the effect of block halving in the market and hoping to get good returns, which explains why Bitcoin is somehow going up and down at $5,000 - $6,000 level (which will be considered a good entry point figures).
We'll just hope the corona virus will be contained and not becoming worse, or else it will make a huge impact not only worsening the current situation of the global market indefinitely, but will also affect the cryptocurrency market.
There are still a lot of cryptocurrency investors who are very optimistic about the effect of block halving in the market and hoping to get good returns, which explains why Bitcoin is somehow going up and down at $5,000 - $6,000 level (which will be considered a good entry point figures).
We'll just hope the corona virus will be contained and not becoming worse, or else it will make a huge impact not only worsening the current situation of the global market indefinitely, but will also affect the cryptocurrency market.
I am betting on 3000 USD.
Reasons
1) Coronavirus outburst - Economy is highly distressed. Just imagine most of the people are not even focusing on the stocks, shares everything is disturbed so I am pretty sure they will barely be focusing on the crypto market. Most of the stable assets like Gold and commodities have fallen upside down. This is indirectly connected to crypto world. Its pulling it down.
2) International Lockdowns - Off course this is because of coronavirus. But on other second number in pulling the BTC down. No countries connected with each other mutually though we are connected via internet it means nothing. The thing is we do need local transactions to be in placed and this buy and sell will only occur when there is real life transactions (e.g. buying of stuff, selling of stuff with payment mode of crypto). Many investors travel the world and do real time project investments. This one is now completely stopped and its gonna affect it badly.
These are two strong points with me. Can't think of anything else.
Reasons
1) Coronavirus outburst - Economy is highly distressed. Just imagine most of the people are not even focusing on the stocks, shares everything is disturbed so I am pretty sure they will barely be focusing on the crypto market. Most of the stable assets like Gold and commodities have fallen upside down. This is indirectly connected to crypto world. Its pulling it down.
2) International Lockdowns - Off course this is because of coronavirus. But on other second number in pulling the BTC down. No countries connected with each other mutually though we are connected via internet it means nothing. The thing is we do need local transactions to be in placed and this buy and sell will only occur when there is real life transactions (e.g. buying of stuff, selling of stuff with payment mode of crypto). Many investors travel the world and do real time project investments. This one is now completely stopped and its gonna affect it badly.
These are two strong points with me. Can't think of anything else.
I don't want to predict how low bitcoin prices can go because I don't have any idea about that. Bitcoin price can go low without telling us the number, but we need to be ready if the bitcoin price really touches the lowest price. Perhaps, the price will reach $3,800 again, or it will go down for more than that number, but we don't expect to see that lowest price again. But $3,000-$3,500 can be the next target of bitcoin price to go down, but I hope that it won't happen for sure because man people will be panic selling at the market.
I hope that the bitcoin price can stay at a price now, or if the price is down, it will not going to go down for deep. Let see what will happen later, and hopefully, that will not occur.
I hope that the bitcoin price can stay at a price now, or if the price is down, it will not going to go down for deep. Let see what will happen later, and hopefully, that will not occur.
Will this mean if corona virus is gone, then such policy of closures will remain till six months elapse ?
No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.
You can't really make the virus disappear. At most, a vaccine could be made, but I doubt the release of the vaccine is going to happen in the next few months. So even with the vaccine done, the quarantine/closure would probably remain, until it is ensured that every citizen has taken the vaccine. As for the price though, a vaccine is all you'd need for investors to start realizing that it's time to come back and invest once again. As for the possible price increase? It hugely depends on how the train of investors are going to come. If they all come at the same time, then there's a possibility of everyone being quite excited about investing and making it soar through quite a lot. No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.
I'd rather have to choose at $5000 if we are in control of the market but we don't and so we are not sure about this.
If this slow recovery will continue, it for sure we will surpass at $7k (at least) before halving. But we also think that the global health issue isn't over yet that it makes the market more volatile as it works. But even this dumb lows will still be sticking in the corner, I will not sell my Bitcoin unless if I badly need of money.
If this slow recovery will continue, it for sure we will surpass at $7k (at least) before halving. But we also think that the global health issue isn't over yet that it makes the market more volatile as it works. But even this dumb lows will still be sticking in the corner, I will not sell my Bitcoin unless if I badly need of money.
I don't feel bullish anymore after seeing the high rate of Bitcoin volatility, therefore 6200$ is not a bullish zone! The world's economic ecosystem is passing a rough time, not just crypto. There is no sign of Coronavirus gone out, so, the crypto market will remain in bear zone more days, as there is no good news in the crypto market. So, To be honest, I am prepared for a high drop, I think if another dump comes, then the bear will hit the 3500-3000 USD zone!
And that's exactly where we should be in a real correction. When people who sit on a Bitcoin forum start to capitulate and lose faith in levels that are well priced and still profitable for miners like 6000 and 5000 you know it's the real shakeout.
Put yourself in a position of a new investor who always wanted to buy and has fiat at hand. He hears about quantitative easing and rate cuts and he doesn't feel safe being 100% in fiat. Bitcoin goes down 50% from its 2020 high price and he will buy. Smart people are getting more now when you are capitulating. This is how it work, we can't all be rich.
Bitcoin did dropped to $3,500 before and I think it will going to happen again, although the $6,000 price is quite strong resistance this week. But I just voted the $5,000 - $4,500 since Bitcoin is quite stable with this price but I don't actually know if this is the closest one. It all depends on the situation of the market and the people on how the price would change since after this lockdown I'm sure there are changes that's going to happen again.
I would say $4000-$4500 could be the real low the bitcoin can go but I hope there is no need for btc to go that much deeper again since its started to recover after the panic sell was created due to corona to $6000 range. I don't have any theories why I picked this value but I am hoping for the best in upcoming days likely to be bullish or stay at the region until havling.
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I expect we will be back to $1,000 to $1,250 by the end of this year. Australia is introducing the closure of non essential businesses and are warning that these enforceable rules will be in place for at least six months. No pubs, clubs, cinemas, Churches, restaurants and similar all closed for six months. Investors will cash out and the price will collapse.
I don’t think really like you. Yes, it’s right that the condition of the world is not good. And investors are losing their money hardly. Even this condition might be go farther down. But I can not agree that btc will go to around 1000$. Hope GOD will save us from bad things and all will be ok again like past. And we will see a huge spike of bitcoin.
so far i see bitcoin will stay about 4000-6000 usd for now and not going any lower before next bullish running on the market, that drop price just a money game from whale that wanted new investor to investing on bitcoin so they dump the bitcoin and make new buyer think " oh its good time to invest on bitcoin " its will continue everytime.
IMO.. won't be far from $3,500 - $4000..
I expect we will be back to $1,000 to $1,250 by the end of this year. Australia is introducing the closure of non essential businesses and are warning that these enforceable rules will be in place for at least six months. No pubs, clubs, cinemas, Churches, restaurants and similar all closed for six months. Investors will cash out and the price will collapse.
I think this is too unreasonable, if the cause of the closure of all businesses is because of Covid-19 then when the Covid-19 vaccine is found, businesses in Australia will be reopened. I am very optimistic that the researchers are very close to the vaccine, let's pray together..
Well, it's a matter of speculation and no one is really sure what's gonna happen! However, with the current lockdown situation in many countries, I expect the activities around bitcoin and other major cryptos to increase. But not certainly sure what way it would go. But it seems like $5000 is a strong resistance point for bitcoin and it is highly unlikely to go below that point. But if by chance, it brakes the $5000 point, it may go way down till $3000 level.
The core is speculation, I must agree no one's really sure of what's behind those numbers and how low it could go but I'm only sure of one thing it would not be ZERO lol. As I see the price falling down for consecutive days, I thought it would reach below $4K but it stopped there so it means there is already a resistance on that level where bitcoin could no longer go below that, I hope so. Whatever the price is if it is below $10K then might as well buy a bunch of it. Stay safe amigos!
Stay safe Man! 
I think it can go again 4500-4000 dollars from now. Though the BTC is holding 6000 dollars support level. If btc can hold this support level for few days then we can see BTC will cross the 7000 $ level. But if we can see btc can not hold the 6000$ support level then we can see another quick dump to 4500$ to 4000$. It’s my personal opinion. Maybe some can not agree with me.
That is a prediction that you have made here but Bitcoin does not respect predictions. Atleast we have seen this from the past. My take on this is that no matter what happens Bitcoin can not die. History has proved this to be correct. It can only fluctuate and then go steady again. I expect we will be back to $1,000 to $1,250 by the end of this year. Australia is introducing the closure of non essential businesses and are warning that these enforceable rules will be in place for at least six months. No pubs, clubs, cinemas, Churches, restaurants and similar all closed for six months. Investors will cash out and the price will collapse.
Will this mean if corona virus is gone, then such policy of closures will remain till six months elapse ?
No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.
Even Warren Buffet who has no interest to BTC will likely be buying millions when price dips $1000. I would hope for price no to go that low though. That is something of a tragic in the market, it will not lift the spirits of those who keep holding.
IMO, Bitcoin will remain at $6k range until the halving will come. Once Bitcoin halving has successfully occurred, probably the price will back to $10k or more and there is what we called a bullish trend. But all of these are remain speculation that we had in our different perspective way, either it was Technical or Fundamental analysis. We can predict on our own.
We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.
We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.
Its going to be predictable in times of crisis. Its fiat that BTC holder will sell for food and medicine are the most important in times like this. Only few people are the ones going to invest and probably just from a country not affected by pandemic.
IMO, Bitcoin will remain at $6k range until the halving will come. Once Bitcoin halving has successfully occurred, probably the price will back to $10k or more and there is what we called a bullish trend. But all of these are remain speculation that we had in our different perspective way, either it was Technical or Fundamental analysis. We can predict on our own.
We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.
We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.
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How if we say that the bitcoin price can get down in $2,500-$4,000? Because we don't know for sure what price bitcoin will go down before the bull run happens. We already saw bitcoin price reach below $4,000 before, so I guess that we might see that price again. But maybe that will not occur if there is strong support that can hold the price not to going down deeper than that number.
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