How low can BTC go this time around - page 9.

Questat

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Quote from: CaVO32 on April 29, 2022, 08:59:11 AM

Quote from: Gayong88 on April 29, 2022, 08:25:33 AM

It seems less likely that a rapid decline like we saw in November of 2020 could happen It's impossible to say for certain, but I think it is unlikely that BTC will drop significantly in the next bear market right now many are waiting for BTC at a price of $35,000 and then $30,000.

Going down to as low as $35k for me is possible. But if in case, it will go down to 30k, it means, something is going on with the market. But I have high hopes that it won't go down to $30k level. But no one can really tell the fate of btc market. If it will go down to that price, for those who are saying before that they are late in this market, then, maybe, it is your opportunity to buy btc at lower price. If you believe in btc, then you will surely collect some, because the increase is just around the corner.

As the volatility of the market remains, we could say that even reaching the deep at $20k is even possible. However, I'd never been that negative, yet I was still been optimistic about the situation, and it diverse the trend and goes back high again.
I could assume that everyone has been aware of the possible bearish situation and already prepared for the worse scenario. Indeed, we don't need to wait for Bitcoin to drop more as we even don't know, and taking it now seems to be the best time.

Devifajarina

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Quote from: kidbounty on April 29, 2022, 04:07:34 AM

Quote from: Reid on April 29, 2022, 03:07:28 AM

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.

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.

After bitcoin corrected in 2021 until now, we have never seen bitcoin corrected to its lowest price before, this indicates that bitcoin's fatality is nothing to worry about in both the long and short term, the force that holds bitcoin is very large, so the correction does not make bitcoin go down until low point, I believe bitcoin will come out at this phase, and will react to high price achievement

CaVO32

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Quote from: Gayong88 on April 29, 2022, 08:25:33 AM

It seems less likely that a rapid decline like we saw in November of 2020 could happen It's impossible to say for certain, but I think it is unlikely that BTC will drop significantly in the next bear market right now many are waiting for BTC at a price of $35,000 and then $30,000.

Going down to as low as $35k for me is possible. But if in case, it will go down to 30k, it means, something is going on with the market. But I have high hopes that it won't go down to $30k level. But no one can really tell the fate of btc market. If it will go down to that price, for those who are saying before that they are late in this market, then, maybe, it is your opportunity to buy btc at lower price. If you believe in btc, then you will surely collect some, because the increase is just around the corner.

gantez

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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,

Check your records very well because covid-19 was not reason bitcoin went low to $3,500 that you say. Bitcoin was on the lower low in 2020 in February. It low started 2 years backwards after halving the bear started and enter in the year 2020 already before covid-19.

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 don't think we see someone to predict exactly what place price will get to. This morning it was down but now it getting into $40,000. The price is very unstable for accurate prediction to happen.

Gayong88

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It seems less likely that a rapid decline like we saw in November of 2020 could happen It's impossible to say for certain, but I think it is unlikely that BTC will drop significantly in the next bear market right now many are waiting for BTC at a price of $35,000 and then $30,000.

KaliLinux

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Quote from: Nrcewker on April 29, 2022, 07:11:52 AM

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.

Why blaming covid for the down trend of Bitcoin?
I would rather say it’s because of the Russian-Ukraine war.
Also seeing the current scenario, i don’t think Bitcoins will fall below 35k USD.
And if you also see past few weeks, Bitcoin is struggling in between 35k USD to 47k USD each week.
So it’s a clear signal that, when BTC is at 35k usd or close to it, but as much Bitcoins as possible, as at the end of the week, Bitcoins will surely give a profit.

I believe that the market has been on a downward trend since Nov 10 2021 if you check the chart and the Russian v Ukrain war started 24 Fed 2022. We could even say that after hitting the lowest price of about $33k around Jan. 24 2022 from the last ATH of $69k+ back in 2021, the market has even risen a bit in a wide time frame daily chart instead of the minute's chart, however, if something really goes out of place, we could see a $32kish BTC price again.

zidanw

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Lowest I can predict is $32,000 and there is a strong support in the $30k I think there is also a strong resistance in $42,000 as when the last time it hit that price it goes into reversal and goes directly to $38,000. We are not sure how low it can go this time around but considering the whole run of Bitcoin we are still on the bullish side.

Natalim

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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.

Nothing had it caused panic by now that I think this correction may seem not going low below $20k.
I will believe the market gains a strong support level to stop the decline as these holders and investors will keep their Bitcoin and be able to help the market from drowning.

As the way people are buying Bitcoin during its correction or bear market, they are more likely to increase demand which could push the price going back to high again. That I could say this declining sentiment won't stay long, recovery may start a few days from now.

Nrcewker

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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.

Why blaming covid for the down trend of Bitcoin?
I would rather say it’s because of the Russian-Ukraine war.
Also seeing the current scenario, i don’t think Bitcoins will fall below 35k USD.
And if you also see past few weeks, Bitcoin is struggling in between 35k USD to 47k USD each week.
So it’s a clear signal that, when BTC is at 35k usd or close to it, but as much Bitcoins as possible, as at the end of the week, Bitcoins will surely give a profit.

Mosharafhh

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I think its can touch 30k if go more dip but it will not it will touch 35k and then boom again and btc next stop in bull market can be expect at 85k-90k i think, but very soon it will also go over 100k but, if you told big dip i dont think it will come again in future there is no chance!!

Blowon

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If there are no big surprises like covid, or regulatory opposition, it looks like bitcoin will find it difficult to return to its lowest point. While many people regret not buying it when the price was cheap at the low point of the covid period and in 2018. However, those who expect it to be like a waste of time, it is better to look at other opportunities such as a new generation coin that has the same great potential as bitcoin or ethereum can at least hit ATH for the future.

kidbounty

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my target is 35,000 but it could be deeper. but the worst case would not be lower than 30,000. currently bitcoin is still in a fairly safe area, and still continuing sideways there is no sign of falling further. I'm still not worried, after all this is normal in May last year we also experienced this. hopefully no negative news has an impact, this will be good for the beginning of the month.

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Quote from: TreyARC on April 29, 2022, 05:32:44 AM

Here I am hoping and praying that BTC goes down to like 28,000$ range so that I can buy some altcoins for a more cheaper price, if BTC stays at 35k for many months then bears won't have a home in this space this time around, I don't consider BTC at 35k a bear market, this is just me.

But that could be the closest to its lowest.
$28k is an aftermath of a big panic and that range maybe 30-34k where investors will try to buy it for the cheap price. So, it may not go that low.
But who knows, Bitcoin's market is too volatile for an accurate prediction. It may or may not come true.
In a $30k range though, you will see more threads here about buying now or waiting for a cheaper price. IMO, that's the sign to buy it means a bull is coming.

Eternad

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33,000$ seems the last known support if the 37K support will be breach but that doesn’t Bitcoin can’t go lower than that because exchange is squeezing positions especially on the known support to liquidate and get money from it. Futures trading play an important part on how far will the price go since the whale will fight for there position just to protect there money. 29K to 30K is deepest price in my opinion.

speedy963

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Still though, covid has helped mass adoption and may have also been one of the reasons why bitcoin was able to shoot up a lot in the last all time high. And right now, I do not think that it is stupid to assume that bitcoin can drop even lower. If you have been in this industry for quite a long time already, you will realize that every possibility must be considered because the volatility in this market in no joke. Regardless though, My buy orders are on 37600-37800K+. If it does go lower, back to the charts then and look up another buying opportunity for DCA. The lowest I expect though is 33k+, if it ever goes lower than that then we should start praying. Grin

bonyaserg

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For me personally, bitcoin is a very promising coin. And all I can say is that bitcoin could drop to a very low price and many holders will lose their funds. And then I think that bitcoin will start to rise again after an indefinite time. This is the market, and the market is always unpredictable. So you just need to follow the market and analyze the situation. So in the future we will have a lot of interesting things from the entire crypto industry.

TreyARC

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Quote from: kidbounty on April 29, 2022, 04:07:34 AM

Quote from: Reid on April 29, 2022, 03:07:28 AM

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.

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.

Here I am hoping and praying that BTC goes down to like 28,000$ range so that I can buy some altcoins for a more cheaper price, if BTC stays at 35k for many months then bears won't have a home in this space this time around, I don't consider BTC at 35k a bear market, this is just me.

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Quote from: Reid on April 29, 2022, 03:07:28 AM

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. ..

This will really be a good price to buy bitcoin, especially for those who have sold their coins at high. But in any case, it is necessary to keep part of the stablecoins in your wallet in case the price of BTC drops to 30 thousand dollars, and possibly up to $ 25,000. In this case, you will have a good average purchase price of BTC.

ItsCrafty

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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.

If market down worst than I am not expecting that it will break the resistance of 28k. We have seen two times that Bitcoin dumped from 50k and then remain stable above 30k. Some YouTuber and twitter influencers says that it will down to 20k but I am not expecting this because demand below 32k is huge and we have seen many times that Bitcoin recovered from 30k very well.

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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.

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