Topic: How low will Bitcoin go? - page 2. (Read 1525 times)
This year there is very less chance of price dropping low than $30k. I have a personal opinion about the low bottom price of bitcoin. During the previous bull market the price took a forward move from the $5000 range. Once after reaching ath it dropped low to $5000 range. Same as that now we've seen the price of bitcoin reach $65k from the price around $20k. With this coincidence I believe the price to reach bottom $20k by the falling year.
This might be the end of the low in medium term many think there will be no further low this year I'm undecided as I'd say a flush out rapid bottom then reversal is more reliable as a show of negative price action ending.
However it can dip in the next days or week I think is the opinion of some traders I've seen and there is some downtrend to meet and beat here; this is coming down from the selling right at the top and is to be expected sooner or later in standard profit taking by traders.
This is a messy chart but I didnt really want to draw it too tightly as its an only an approximate scenario I redrew recently. The blue line is just 2 day average matching our fast momentum, there is no pattern of lower highs to match that downtrend we seem to have exceeded it but from experience it can pull us back down I think.
However it can dip in the next days or week I think is the opinion of some traders I've seen and there is some downtrend to meet and beat here; this is coming down from the selling right at the top and is to be expected sooner or later in standard profit taking by traders.
This is a messy chart but I didnt really want to draw it too tightly as its an only an approximate scenario I redrew recently. The blue line is just 2 day average matching our fast momentum, there is no pattern of lower highs to match that downtrend we seem to have exceeded it but from experience it can pull us back down I think.
I think $27K is the final destination. Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will not be less than that.
Where do you know the Bitcoin price won't be less than $27k? Do you analyze it yourself or get the information from a Bitcoin expert? I am very curious about the reason you said this. If you are speaking seriously, please give us the proof that it is not a shit statement. I doubt if someone can predict the bottom price of Bitcoin in the future. Even Satoshi probably will have difficulty determining the future price of Bitcoin. It is purely determined by the demands although sometimes there is a manipulation issue.No one knows if bitcoin can get past the highs or will drop again, now the price is around $39k, and i'm optimistic this is a good opportunity to keep holding, investors must have the courage to take risks, and hold is the best we can do because seeing market situation.
The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.
$30k may be the bottom, as there are many bulls buying coins like crazy. Thanks to Elon Musk's praise towards crypto/Blockchain tech, crypto assets like Bitcoin and Dogecoin have experience a huge increase in demand. I'd be surprised if Bitcoin sinks deeper until it becomes worth $20k per coin. That would be the best opportunity to buy Bitcoin at a discount before it goes all the way to $60k. After that, Bitcoin will be on a road towards new ATHs probably reaching $100k within 2-3 years from now.Exactly how low will Bitcoin go is a mystery. It's important to always secure profits whenever possible just in case everything goes down the drain. As long as there's institutional demand for Bitcoin, it'll only go higher in price as years go by. Just my opinion
The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.
$30k may be the bottom, as there are many bulls buying coins like crazy. Thanks to Elon Musk's praise towards crypto/Blockchain tech, crypto assets like Bitcoin and Dogecoin have experience a huge increase in demand. I'd be surprised if Bitcoin sinks deeper until it becomes worth $20k per coin. That would be the best opportunity to buy Bitcoin at a discount before it goes all the way to $60k. After that, Bitcoin will be on a road towards new ATHs probably reaching $100k within 2-3 years from now.
Exactly how low will Bitcoin go is a mystery. It's important to always secure profits whenever possible just in case everything goes down the drain. As long as there's institutional demand for Bitcoin, it'll only go higher in price as years go by. Just my opinion
If you're talking about the 'opinion' of every individual in this thread, beyond the predictions mentioned on google or youtube about Bitcoin's rock-bottom drop, it makes everyone's mind.
For me:
For 2021, Bitcoin's lowest price is around $30,000, I don't think this year it's below $25,000, the chances of going up to $40,000 are very strong, my personal assessment one or two years from now Bitcoin will stand at $ 10,000 possibly even lower, the lowest price.
Next year from the price of $ 10,000 will crawl back and continue to rise through to the level of $ 100,000, it's all based on my thoughts.
Of course, as I said everyone has their own opinion in this matter...
For me:
For 2021, Bitcoin's lowest price is around $30,000, I don't think this year it's below $25,000, the chances of going up to $40,000 are very strong, my personal assessment one or two years from now Bitcoin will stand at $ 10,000 possibly even lower, the lowest price.
Next year from the price of $ 10,000 will crawl back and continue to rise through to the level of $ 100,000, it's all based on my thoughts.
Of course, as I said everyone has their own opinion in this matter...
For now the market has given a spectacular bullish rally, many are hoping it could go to $ 40k. But you have to wait, do not rush, for now the market is responding very well:
These movements are giving us important information, as you can see that the bulls are taking the ground they had lost, the bears this time are beginning to hide, it is likely that the supply is decreasing.
Quote
If bulls arrest the subsequent decline above $36,670, the pair could trade in the upper half of the large trading range between $30,000 to $42,451.67. A break above $42,451.67 will signal the possible start of a new uptrend.
Source: https://cointelegraph.com/news/price-analysis-7-26-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltcThese movements are giving us important information, as you can see that the bulls are taking the ground they had lost, the bears this time are beginning to hide, it is likely that the supply is decreasing.
Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.
Now you've said that, you have reaffirmed my determination we can still make 20k. But seriously if price upwards like this garners interest and enthusiasm but fails to capture the positive action meeting old resistance and determined sellers for any reason it can later lead to greater negatives and I'm waiting to see if that scenario occurs or not still.
The latest news I've heard is Amazon deny any usage of BTC will be occurring. I dont think that it cant become true in time but its no surprise that Amazon does not want to confirm some project that was only ever meant to be internal, of course companies will explore all kinds of avenues and product innovations that never actually release to the public so I'm not sure we do see BTC on Amazon this year or even next. This gives us plenty of time to resume negatively, not that I rate the news as the sole driver of price but those events would match what I think is possible now and hence the bottom pricing is not yet certain imo.
Must be his personal opinion
I also think the same as you. That's why I am curious about his statement. For me, he is too confident and acts like he knows anything. I am okay with his personal opinion, no effect at all on me. But I am afraid that any newbies believe it and probably follow it. even an opinion coming from an expert, we should not believe them especially if they'll guarantee
Yep, there are too many people that claimed them as experts but always predict with non-sense reasons for their predictions. or they just use the predictions to attract newbies. I have many times found that many social media channels claiming they are professional crypto signals, but they are spreading FUDs and Hype only. After all, speculation is about someone having their own opinion. It is from our opinions that the picture of the entire cryptocurrency market is formed. Just by reading your statements, I can judge whether the moods in the market are negative or positive.
I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring. 
I've missed the bull market already now.
I've missed the bull market already now.Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.
Must be his personal opinion
I also think the same as you. That's why I am curious about his statement. For me, he is too confident and acts like he knows anything. I am okay with his personal opinion, no effect at all on me. But I am afraid that any newbies believe it and probably follow it. even an opinion coming from an expert, we should not believe them especially if they'll guarantee
Yep, there are too many people that claimed them as experts but always predict with non-sense reasons for their predictions. or they just use the predictions to attract newbies. I have many times found that many social media channels claiming they are professional crypto signals, but they are spreading FUDs and Hype only. 
I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring. I've missed the bull market already now.
I've missed the bull market already now.Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.
It might reach above $40k again, but it's still crucial if it can break that price. Seeing a big pump today is just amazing, after the struggle of bitcoin, here we are again seeing a bullish market, already at 14% increase now (24h) and bitcoin is trading at $39k. Let's watch closely and make the decision now whether we ride or take this as just a bull trap only.
I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring. I've missed the bull market already now.
I've missed the bull market already now.Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.
I believe, what he meant is $30k, not the $20k level. Because we haven't touched that yet.
And after a month the OP posted this thread, we are now again going up, touching again the $35k level.
Seems that we will be heading again to $40k, which is actually great.
However, you need to keep your eyes open as one bad news, it may go down again.
It has now touched $40k in a short time so I think it will be easy to go back to 40k I hope tonight to hit $50k as a safe point.And after a month the OP posted this thread, we are now again going up, touching again the $35k level.
Seems that we will be heading again to $40k, which is actually great.
However, you need to keep your eyes open as one bad news, it may go down again.
The pumping will continue I think the bullrun will come again and the market will recover completely so I think it is necessary to observe the market further at what point to take this profit.
And I will not wait for the price to be too high sometimes like to correct the market price again.
Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.
We touched $29k, probably the lowest this year, so what price could be the next drop?
Is this a typo? Because the price of bitcoin has not gone anywhere those levels for quite sometime, or maybe this happened due a to a flash crash in a particular exchange? Anyway I am content that the price of bitcoin was defended and did not go as low, but the bears are looking for any opening and they are still tying to make the price to go lower, fortunately we are now farther away from the critical 30k level but the bears will not relent so easily and we are bound to see more of the same during the next weeks.We touched $29k, probably the lowest this year, so what price could be the next drop?
I believe, what he meant is $30k, not the $20k level. Because we haven't touched that yet.
And after a month the OP posted this thread, we are now again going up, touching again the $35k level.
Seems that we will be heading again to $40k, which is actually great.
However, you need to keep your eyes open as one bad news, it may go down again.
Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.
We touched $29k, probably the lowest this year, so what price could be the next drop?
Is this a typo? Because the price of bitcoin has not gone anywhere those levels for quite sometime, or maybe this happened due a to a flash crash in a particular exchange? Anyway I am content that the price of bitcoin was defended and did not go as low, but the bears are looking for any opening and they are still tying to make the price to go lower, fortunately we are now farther away from the critical 30k level but the bears will not relent so easily and we are bound to see more of the same during the next weeks. We touched $29k, probably the lowest this year, so what price could be the next drop?
I think $27K is the final destination. Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will not be less than that.
Where do you know the Bitcoin price won't be less than $27k? Do you analyze it yourself or get the information from a Bitcoin expert? I am very curious about the reason you said this. If you are speaking seriously, please give us the proof that it is not a shit statement. I doubt if someone can predict the bottom price of Bitcoin in the future. Even Satoshi probably will have difficulty determining the future price of Bitcoin. It is purely determined by the demands although sometimes there is a manipulation issue.Must be his personal opinion, and even an opinion coming from an expert, we should not believe them especially if they'll guarantee a price as bitcoin is so volatile and it's very unpredictable. You'll see it pump big time today, the next day it will dump, that's how the market moves, I've never seen bitcoin having an uptrend for a long period of time, it's usually short then correction comes right after.
I think $27K is the final destination. Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will not be less than that.
Where do you know the Bitcoin price won't be less than $27k? Do you analyze it yourself or get the information from a Bitcoin expert? I am very curious about the reason you said this. If you are speaking seriously, please give us the proof that it is not a shit statement. I doubt if someone can predict the bottom price of Bitcoin in the future. Even Satoshi probably will have difficulty determining the future price of Bitcoin. It is purely determined by the demands although sometimes there is a manipulation issue. I think $27K is the final destination. Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will not be less than that.
Too early to say that in my opinion, there's still about 6 months or so left in the year and it could go much lower but given that there's more positive news floating around regarding cryptocurrency market this month, I feel like @usernameyaya might be right that it's the final floor for the market prices this year. I think $27K is the final destination. Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will not be less than that.
That's right, bro, the price of $ 27,000 is a price that has finally fallen and has now reached $ 3 2,562 ( market binance ) at its current condition. lately there are many positive issues circulating, it is possible that bitcoin will be pumped again in the near future.
many assume bitcoin will go down again, but I think bitcoin in this week will not go down and will continue to move slowly. I predict next week bitcoin will be above $ 40,000 and dare to believe.
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