How low will Bitcoin go? - page 8. | Bitcointalksearch.org

sapnu

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

After all the issues bitcoin is going through at the moment, it is really hard to predict what would be its lowest value on this bear market. It is just playing within a certain price range and goes along with what is currently happening in the world. If ever bitcoin reaches $20k again, no one for sure is going to let that chance slip on their hands, that might be the lowest bitcoin could be and certainly, others will be firm with their holdings or investments because they are well aware that bitcoin will get a new ATH somewhere in the future.

Amejoaquim

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I choose to buy more and hodl. When i got money from my real life JOB i always spend 50% to bitcoin and another alts like ETH and SOL. BTW, my my last purschase is buy bitcoin in 50k, 38k and 29k few days ago. I hope the price of btc will bouce back to new ATH soon.

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Quote from: Rajamuda on June 26, 2021, 03:20:41 AM

hard to guess of course, i don't think it will gong down to $20k I guess, from the price movement.. it's like it doesn't want to go down from $30k, I don't know how much it holds at $30k, well what is clear in my opinion, is a downward phase that does not last long, because it's possible that this decline could be a time to buy and then rise again.

There is nothing impossible during bitcoin price fluctuation, the highest price before the recent halving that occured last year was around $20000, the price decreased to less than $4000 like twice before the 2020 halving. If the price of bitcoin can decrease to such, what makes you have the guess it can not decrease below $30000 when the highest price for now was $64000. The price has not been decreasing below $30000 but I am thinking that it will still decrease lower than $30000 and sink more to around $20000 if not lower.

davis196

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Summer is not Bitcoin's season.
The bearish market will stay during the summer and the beginning of the fall.
I expect a bull market in late November/early December,but I might be wrong.
Now is the time to go on a vacation and forget about Bitcoin price fluctuations,bear markets,bull markets and all that BS. Grin

Henrobakkara

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

Personally, I don't think this is the time to sell. If you bought in around the ATH $60k and you have not sold till now then, now is not the time to sell, I think we should continue to HODL till Bitcoin recovers because no matter what is going on, It will only take some time before it blows over and the uptrend starts again and those that sold will start to regret why they did. History has thought of much with regards to Bitcoin price movement and we said this for people that bought back in 2017s ATH at around $20k which later crashed to $3k+ and eventually saw $60k+ if they have HODL all this while were in good profits and that's what I see for this market now.

If I had more funds, I will definitely be buying more Bitcoin or even if it goes down some more.

lepbagong

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

the influence of bad news that came repeatedly made bitcoin crash with a very deep correction.
bitcoin had dropped below $30K which is a very crucial price because bad things could happen and could fall even deeper. but finally bitcoin was able to rise to reach the price it has been doing for a long time, which of course is a very stable price so far and lasts the longest in that price range ($30K-$40K).

but the price of the decline near $30K is now happening again and the very fear is it will drop below it and can't go back to increase, even if it will increase it will take quite a long time. hopefully bitcoin will return to a stable position and not try to go down.

the increase so far is still big but it will happen at the end of 2021 and not now, so it's still quite a long time, so there could be a lot. actually this is the moment where if you want to invest in bitcoin, because you can be sure the price you buy will someday be exceeded by bitcoin by creating renewable ATH.

Lee_Mire

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I'm sorry but bitcoin bull markets don't end like this. I mean you had a few months of above $50K prices. Bull cycles usually end in massive pumps. Imagine 20k green daily candles for a few days. This feels a lot like 2013 when we corrected midway through the cycle and then went up again. Overall I think we are at the bottom right now. With that being said on a final shakeout move we can see an absolute low of $25K. Lets wait and see.

veznata

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everyone must have a price at which to sell that is "enough" to make you feel comfortable. price will surely go up hard near 2021 summer end. we have to remember price correction was over 50% so it will take some time to break last ATH. Personaly I believe around 30K was bottom and price will be between 30-40K range for some months. the worst thing for price drops like this is that you just have to wait and can't sell even in case you need money badly cause you will be in a great loss. 3-4 years ago i put 100K price limit for selling personally and will stick with it. hope to have another chance to buy back after that.

Obito

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That's a question that no one has a definite answer to because it's kind of like an infinite, we never when will be the end of it so what we can only do is probably guess what point is the prices going to go deepest.

ILuckyGuyI

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Bitcoin is on a bad run again. The price went down to $28k some days ago but it recovered quickly. But it is decreasing again. Now it's $30.3k. It wouldn't be surprising to see it below $30k again. The main question is: Will it go down below $20k also this time? I'm really indecisive about it. There is a possibility though but it's hard to predict.

amihada

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the price of bitcoin is very difficult to predict no one thought the price of bitcoin would be like now but for sure the price of bitcoin will definitely go up again I'm sure, I've bought bitcoin at a high price and now the price has gone down. I don't regret the bitcoin price going down because I'm sure the bitcoin price will go up again because bitcoin for me is an asset for the future.

Rajamuda

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hard to guess of course, i don't think it will gong down to $20k I guess, from the price movement.. it's like it doesn't want to go down from $30k, I don't know how much it holds at $30k, well what is clear in my opinion, is a downward phase that does not last long, because it's possible that this decline could be a time to buy and then rise again.

swogerino

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Anyone notice the pattern of several weeks in a row now which is quite simple,Bitcoin goes down mostly on weekends and during the week starts to get back the losses up to a certain point.It is going on since 19 May and is more than one month that we are stuck in this pattern.What does this mean?No new factors to push Bitcoin price higher or is because lately the China FUD really impacted the hashrate,difficulty and price of Bitcoin?

maydna

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Hopefully, $28k was the lowest price of bitcoin, and the price is not going lower than that price. But this day, the bitcoin price is back to $31,300, making the price go to the lower price. But we don't if the price will not go down below that price because the bitcoin price itself is unpredicted, and we can only wait for a while. But with what happened to bitcoin now, I think the up and down of the price will still continue and will give us more time to buy low and sell high.

The trend now becomes down again, but we hope that the price can start another rally in the next week and lift the price to the high price in the next week. If the price can still up and down many times in the next weeks, I guess we can use that for our benefits and make more profit.

Renampun

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

...

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

in today's uncertain market conditions many are worried about their BTC portfolio...

I will not sell when the market conditions are sideways like this, bitcoin has been to $60k so I'm sure BTC will return to that price. don't panic, keep holding.

Woodie

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For now news coming from China is doing the most to make markets more bearish, but the good news is miners have countered by moving their mining activities to another place which means market confidence will soon be restored.

But to answer the question of how low price will get,I think we shouldn't go below 25k we need to head back up to $60k or more.

famososMuertos

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Quote from: Abiky on June 25, 2021, 07:07:22 PM

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark....//...:

I do not believe in that qualification, a bit exaggerated, well at least for me, the point is that we set the +$60K as the benchmark, when for the most enthusiastic in the price being close to +$40K for these months meant an important achievement I think this correction is so welcome that those who understand bitcoin volatility know that the 60k barrier will not take as long to overcome as it did with the +$20K barrier.

By the way we should still be celebrating having surpassed the + 20k figure, but the 60k hangover makes us forget the true achievements.

22bits

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The standard fall from exponential highs has been 85% (at least the 2017 FOMO rise), but I think bitcoin is becoming more mainstream, seasoned and will actually be less volatile than before. If you look at stocks normally except under very rare circumstances, when they fall 85% they are going to zero. Stock markets as a whole generally only go down about 50% in a crash. Since the high on bitcoin was above 60,000 I am guessing the bottom will be north of 20,000, just my guess. Others suggesting 10,000 may be right, but I would be more in the doesn't break 20,000 in this down move camp.

masterrex

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IMHO, I'm strongly believe in saying, that anything can happen in the crypto space, so honestly speaking the Bitcoin price could go up or go down in no time and no one knows when it will happen because its a game of speculation anyone can predict or say its opinion but one thing I'm very sure that no one knows the future price of BTC in advance. Here is my personal prediction it will return to $20K but not going lower than that level within this year.

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Quote from: OcTradism on June 26, 2021, 12:22:09 AM

50% or more discount percent is good to accumulate cheap bitcoin. It is funny when people wanted to have cheaper price to buy bitcoin when the price topped above $60k and now when they have discount, they are not brave enough to accumulate. It is a common psychology of most of people in the market.

I think sub $20k is possible and the bottom can be about $19k. However, bitcoin can reverse any time with price from $24k and sub $20k might never be touched.

Buy it around $24k or $19k and hodl, please don't sell it below $50k.

I believe those people caught the falling knife so they're probably out of funds to enter Grin

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