We almost touch our last all time high in 2017, so that's a huge hit already. And speculators are still thinking that we can still go near $10k, which is crazy prediction, but hey, we've seen it all. When we think that it's not possible to reach that, suddenly the price goes to that level.
So maybe we are near bottom already, so the price will continue to go down to -85% or higher (if we haven't done so).
Topic: How low can BTC go this time around - page 2. (Read 1038 times)
There are many things that can happen in between now and the next bull run. There is never a true way to know what will happen, but my guess would be that there will be a bearish price run once again, and BTC will go down more than it has been in the recent months. This time I think the price drop might be lower than the last time. The price of Bitcoin is affected by a variety of factors, but in the end its value will most likely be determined by two major components: its utility and its volatility.
I don't think anyone can predict how low btc can still go. Undermining the fact that we just at the half of the bear market year. This seems to me that btc can even go beyond $18k by mid July.
I totally agree with this comment. We're not even halfway through bear season. At least that's my opinion. I have no idea how low it will go, but rumors generally shape the market. Some say 20 k last, while others say 18 k last. But what is said in general is that it will drop to 13 k and below. When I consider the 2017 bear season, I am one of those who believe that it will drop below 10 k. According to my calculations, even ethereum bought over $450 is expensive at present. It's best for this season to consider the worst-case scenario. I hope what I said will not come true and we will not spend this period as painful as the 2017 season.
I don't think anyone can predict how low btc can still go. Undermining the fact that we just at the half of the bear market year. This seems to me that btc can even go beyond $18k by mid July.
It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent and there is no sign of it yet the market will recover.
That seems to be the case because now the Bitcoin price has dropped to $20k,I don't know how far the Bitcoin price will go, considering that the market is still bearish.
it's better to just keep abreast of developments and market movements
I hope 20k is the bottom and we already hit it.
People think that the rate above 25k has become the bottom but it keeps hitting another bottom from day to the another day. Im pessimistic about that. With so much recession, inflation, and economic crisis crypto as well were affected, so I am not surprised at all that market not yet recovering few days from now. Besides, bear market as well is one of the big reasons we hit the bottom of bitcoin this week. Really hoping we can have a green candles for a bit of hope of small recovery.
It may take years or even more. Remember that the world is in so many problems. War everywhere and people have been facing multiple disasters started from the inflation, crisis and many more. The countries need to be very healthy to make people will be interesting to buy crypto again.
I hope 20k is the bottom and we already hit it. With so much recession, inflation, and economic crisis crypto as well were affected, so I am not surprised at all that market not yet recovering few days from now. Besides, bear market as well is one of the big reasons we hit the bottom of bitcoin this week. Really hoping we can have a green candles for a bit of hope of small recovery.
As of this time, we’re now close to breaching the $20k mark and may probably go down much lower than that. We cannot really predict on what is going to happen right now in the cryptocurrency market, but I am sure that for those of you who are waiting for this moment for Bitcoin to go down even lower and buy the dip, this is your chance.
I have bought some BTC last month at $30kish, and I don’t mind about the losses right now. I’ll just keep buying and accumulating more Bitcoin every month with my extra funds until the big rain comes. Despite that there are no guarantees or promises, I can feel that it will bounce back once again in the 2nd half of this year. But we have to be ready by any means necessary no matter what happens to the price of Bitcoin in the future. Just only invest and trade what you can afford to lose.
I have bought some BTC last month at $30kish, and I don’t mind about the losses right now. I’ll just keep buying and accumulating more Bitcoin every month with my extra funds until the big rain comes. Despite that there are no guarantees or promises, I can feel that it will bounce back once again in the 2nd half of this year. But we have to be ready by any means necessary no matter what happens to the price of Bitcoin in the future. Just only invest and trade what you can afford to lose.
It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent and there is no sign of it yet the market will recover.
No one can but one can predict either correctly, almost exactly the same as the price or never got it right. What you said that it will drop to $21k mark is also a prediction. As I see that the current price is even lower than $21k as I post this one. I hope that it will not decrease more until it decrease to below $20k. Current price is at $20k+ and if it decrease then it os more likely to be below $20k which I think a good pricebyo start a plan to buy and hold long term. 
It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent and there is no sign of it yet the market will recover.
today we saw that the analysis of the experts that bitcoin can reach $21k and it has been done. and now the support is broken again, the downside is likely to continue.
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch
The Bitcoin is already more than 70% down from its all time high of around $67K and market experts think that it can fall further and might break 20K level which is considered very strong support. Today FED is expected to announce further increase in interest rate to the extent of 75 basis points as expected which is will be very negative for all financial markets including crypto. Let's watch how Bitcoin reacts to this news.
If I do see it at $35,000 I will take it. That's my buy point right now and while waiting I am trying to save as much money as I can.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.
yes you are right the lowest support point for bitcoin is at 35k, and it is impossible if bitcoin falls below that price. the past few weeks bitcoins have been dropping and have a look, none of them are anywhere near 35k. the price slowly rose after bitcoin dropped at 37k. this means the forces holding back bitcoin are enormous. so it's impossible for us to see bitcoin return to a 4 digit price.
It is important to keep abreast of market developments and movements at all times,
I don't know to what extent the price of Bitcoin will go down
The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.
Based on a post made a few months ago or more precisely April. At that time btc was between $38k - $40k and now btc has reached $22k or has decreased about 40%. Of course no one would have thought that bitcoin would experience a correction to this deep. My 40% drop is a pretty deep drop for tens of thousands of usd worth of coins. And news about covid has started to decline, whether bitcoin will survive or experience a deep decline as the economy recovers without any more panic.
as some of market analyst said it could go sub $20k following the past cycle of bitcoin where it could go down like more than 85% of ATH and then recovers back reaching the new ATH,
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.
Shit coins will reveal itself during this bad season. Most will be left by the team behind and communities' frustrations will doom everything.
It's still best to monitor and observe before you do any investment movements. The market is for those who are willing to take the risk. It's
either to scalp doing a short-term trade or a buy now and hold for a longer time. Not easy for every investor who thinks that they can quickly
gain profits inside crypto, most likely they will be leading their investment in losing a big part of their money.
If I do see it at $35,000 I will take it. That's my buy point right now and while waiting I am trying to save as much money as I can.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.
yes you are right the lowest support point for bitcoin is at 35k, and it is impossible if bitcoin falls below that price. the past few weeks bitcoins have been dropping and have a look, none of them are anywhere near 35k. the price slowly rose after bitcoin dropped at 37k. this means the forces holding back bitcoin are enormous. so it's impossible for us to see bitcoin return to a 4 digit price.
Looks like 20k will not be a big shock to anyone, we are getting there very shortly. I hope that it gets better, its going to be quite tough for us to get there, but its not going to be impossible neither. We are at a stage where half of the market things it is amazing price to buy right now, and they are buying which should make it go up, but the other half thinks that it went so low, there is no reason why it would stop going down, so they are selling and sometimes one side wins and another time the other side wins. I am assuming its going to be buyers at some point, going to take a while, but until then, we are going to keep on falling.
Although I admit that I am quite disappointed with Bitcoin's current decline, because I did not expect Bitcoin to drop so quickly to a price of $21k.
Even in the near future it is very likely that Bitcoin will touch the price of $ 20k, but I'm one of those people who won't panic if Bitcoin actually drops
to $20k, because I've seen Bitcoin drop very deep and in the end Bitcoin always recovers. Although I also don't know how much Bitcoin price will drop
this year, I certainly still hope Bitcoin doesn't drop below $20k. Because if Bitcoin drops below $20k, there will be panic for investors who are new
to the crypto world.
My advice we don't worry too much about the current Bitcoin price drop, because I believe that no matter how deep the Bitcoin price goes down
it will always be able to recover again. We just need to believe in the future of Bitcoin and hold Bitcoin until the price of Bitcoin goes up again.
It would be better if we now have extra money, and immediately buy more Bitcoin. As more and more people buy Bitcoin, it will make the Bitcoin
price recover faster.
today we saw that the analysis of the experts that bitcoin can reach $21k and it has been done. and now the support is broken again, the downside is likely to continue.
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch
I see btc going down to 18k$ while ETH will be 700$... This is just the starting of the dip. Everyone should buy dip now.
as some of market analyst said it could go sub $20k following the past cycle of bitcoin where it could go down like more than 85% of ATH and then recovers back reaching the new ATH,
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.
Looks like 20k will not be a big shock to anyone, we are getting there very shortly. I hope that it gets better, its going to be quite tough for us to get there, but its not going to be impossible neither. We are at a stage where half of the market things it is amazing price to buy right now, and they are buying which should make it go up, but the other half thinks that it went so low, there is no reason why it would stop going down, so they are selling and sometimes one side wins and another time the other side wins. I am assuming its going to be buyers at some point, going to take a while, but until then, we are going to keep on falling.
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