How low can BTC go this time around - page 8.

btc_angela

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

The best case scenario is for bitcoin to go as low it's previous high of $20k. But that is if the market really turns out bad just like in the pandemic. The market seems to be bouncing around the support line of $40k. But we all know that it can go lows of $30k. So for me the best buying opportunity its around $20k. But if you are thinking of investing right now, it's better to wait or just do DCA (Dollar Cost Average) strategy.

yurez

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

It is pointless to predict the exact price where bitcoin can find the bottom, but I think the ideal place for a long-term purchase will be below $30,000. The sooner bitcoin finally falls in price to $20-$30 thousand, the sooner the recovery processes will begin. Such a low cost of the asset will force many to invest in the coin, which will drive the price up.

asriloni

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Another year and another upper bottom. That doesn't make sense if bitcoin will be going to the 4 digits again and I'm sure that bitcoin is starting to go up again. I meant you must also see how market is trying to recover itself from the dip. No one even know how dip bitcoin will be going soon but as you can see that if bitcoin has a very big chance to recover again as fast as bitcoin dumped so hard.
So it's just the matter of time until everything will be very good soon and we will see bitcoin will be mooning again. I think that people know if crypto was about dump and pump.

Mpamaegbu

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Quote from: Hypnosis00 on April 29, 2022, 04:38:43 PM

Quote from: Mpamaegbu on April 29, 2022, 01:05:43 PM

~snipped~

We can't assure that there is no more like the 2018-2020 bearish season but if these institutional investors and even small market players will save their Bitcoin and never dump it, it will regain back the momentum so easily. Once there is no huge selling demand but the buyer demand is growing, this will help to save the price from falling.

From the fact (as we can see) that there isn't any major selling pressure in the market shows that Bitcoin price won't hit the floor like it did in that period I quoted. It was a bloody hell. I don't think we can revisit such an experience. There is more awareness now than in 2018/2020 that whatever happens Bitcoin price will come up again. Besides, institutional investors don't plan or buy on a short term. They would've taken a long term view on Bitcoin and made their projections. So, whatever happens now to Bitcoin won't be a bother to them. They won't dump now and that gives a kind of stability to Bitcoin, and by extension the whole crypto industry.

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

I don't think that the down price of BTC and the probability of BTC going down to $35k is because of the covid panic. We all know that the cryptocurrency market was rising up very significantly the moment back during the covid pandemic was still a very high the moment.
So, this may not be because of the reason.
However, the other FUD that is always spread currently really make the Bitcoin price drop that much and also influence the market to be crashed. Some FUD that is spread by the politics, countries, war, whales, and also other parties really made the market crahsed.

marine4u

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

i think, panic is inevitable for those who don't understand the true nature of the problem with bitcoin's fighting power. My view is that bitcoins will not fall too deep below 20k, because USD cannot recover their value in response to inflation and other issues including profit/loss of the current economy. . When a super-reaction is consolidated, price action can reverse this scenario.

sulendra12

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

I mean, that's a major outbreak so it does makes sense it gives lot of impact in lot of aspects especially in cryptocurrency. But however, Bitcoin has been gaining recovery in span of several months which is quiet fast to be honest if we compared to crash in 2018. We don't know what is the lowest price at this moment, but low $30K could be a great start if you want to buy some once on dip.

superman184

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

I think the current Bitcoin price will not go down from the 35k price. currently the price continues to improve slowly and with the movement that has occurred lately I believe Bitcoin will rebound again in the near future, although it will not reach its peak price like last year.

uswa56

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

I think the panic because the Corona virus has passed even Bitcoin can reach its latest ATH price peak 2 times in 2021. I think the Corona Virus has no effect on Bitcoin price movements anymore.
currently Bitcoin price tends to be stable and does not experience significant price movements, I think it will last a long time in the 35-40k price range and probably won't be lower than that price.

Lagduf

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not gonna go down below $30K it’s just already too famous and too popular to have that lower valuation considering the fact that maybe in the future twitter that elon has recently bought could integrate bitcoin in the system.
also if it go down below $30K mark there is so many people out there that gonna bags btc because its already depicted as the digital gold so I’m sure it couldn’t go lower than $30K.
even the recent bearish didn’t do much to the btc valuation and it could very well be a massive bullish coming in the future and it’s imminent.

Hypnosis00

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Quote from: Mpamaegbu on April 29, 2022, 01:05:43 PM

From my charts, there's a strong Support around the $29,000 region which I believe price should spike from there. That's if it eventually breaks $30,718 convincingly. Nonetheless, I don't see Bitcoin collapsing to that point it did from 2018 to 2020. My reason for this point of view is because I believe the pattern of investment in Bitcoin has changed drastically. This day, institutional investors have come in and I don't expect the so much panic we experienced when it was more of individual investors.

We can't assure that there is no more like the 2018-2020 bearish season but if these institutional investors and even small market players will save their Bitcoin and never dump it, it will regain back the momentum so easily. Once there is no huge selling demand but the buyer demand is growing, this will help to save the price from falling.

This 2nd quarter seems to have a negative view but never I think we reach the point of getting worse like in the last bear season. I just saw no panic response been happening that is why we could expect a market rally before this 2nd quarter ends.

bitkanu

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yeah im also thinking like that too especially for those who have been pumping the price of bitcoin. They were wasting their money if they are only making the price of bitcoin to be dumped again but im sure that if we will have another up low again for bitcoin. it looks so stupid to see that bitcoin keeps triggering more and more dump to the whole of market and bitcoin has no power against the trend in the stock market unlike a few years ago when bitcoin was still truly decentralized. This time so many institutional who owned bitcoin has been making the bitcoin like peg with the stock market.
This is always following the stock market. That looks so strange. TOo much conflict happened around us.

Mpamaegbu

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From my charts, there's a strong Support around the $29,000 region which I believe price should spike from there. That's if it eventually breaks $30,718 convincingly. Nonetheless, I don't see Bitcoin collapsing to that point it did from 2018 to 2020. My reason for this point of view is because I believe the pattern of investment in Bitcoin has changed drastically. This day, institutional investors have come in and I don't expect the so much panic we experienced when it was more of individual investors.

Silberman

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

I think that a price close to 30k is probably the lowest that we are going to see bitcoin reach, my reasoning for this is simple, the bull run we experimented while impressive for any other market standards was in fact not as impressive as the ones we have seen in the past, so it makes sense the bear market is not going to be as intense as what we saw back then, and if to this we add that now we have stronger hands holding bitcoin and making their best to get their hands on even more bitcoin then I think that is the absolute bottom we will reach.

ivankoh

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In this pattern with as low as $35k and I don't think bitcoin will ever go back to this area. Greater resistance is proving bitcoin demand is driving representative value, bitcoin could drop below zone $30k but if end of April the market sustains at 38k resistance I am optimistic that This market will recover at a higher level.

Frengki_cisco

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

The experience of the ups and downs of Bitcoin has become an attraction in itself for investors and users, every four years there is a certain price change, it is proven from what has ever happened.

This time I believe Bitcoin will decline at the level of $20,000 or $15,000 that's confidence.

ardydyon

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anything can happen in crypto. including the price of BTC which can drop by more than $3500.
but I think if that happens there will be a lot to lose. including altcoins with very good projects will be affected by the decline in btc prices.
it cannot be ruled out that the role of btc in crypto is very influential. except usdt which will be expensive if btc goes down.
I hope btc will continue to fly high above ATH in 2021

ethereumhunter

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Bitcoin can reach the lowest price that we will never know because it will depend on market movements. But if the price drops drastically this time and hits a low, say $30k-$35k, it's a big moment for us to buy at that price even though we know the price could drop even lower. I guess it's not stupid to expect BTC to drop to a lower price range because that could be the case.

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Quote from: Farma on April 29, 2022, 04:30:22 AM

worst range is $32k to $34k. I saw the price prediction the team from cointelegraph did, and I thought it made sense. So, for now, that's the worst range.
however, I actually hope that the price won't drop more than $35k for now. however, we must be prepared for the situation. if it reaches that range, maybe the opportunity to buy can be cheaper. however, I hope the price will return to above $42k soon.

Do you know what could be the best reason why it could dropped so bad at that point? I can only expect three, which is the banning of crypto mining again, and the regulations pressed on Bitcoin, and the surfacing of the creator of BTC which he will sell all those coins he have in one massive dump. Do you think similar cases on a small scale would bring so much damage to it's price?

blockman

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Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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,

The lowest for 2020 was $4970 and that's still close to that price you've said. And it was really during the time when most countries were about to lockdown.
That's when the news about the start of the covid-19 pandemic has triggered the world and those that have thought it will continue to plummet missed the train. Honestly, I've thought that bitcoin won't recover for that entire year but just look how amazing it was when it has gone through all over the months until the end of that year.

Quote from: JangoUnchained on April 29, 2022, 02:22:43 AM

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.

Just think of any price because there's always the possibility that it can hit any floor price that it can like below $20k.

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