To what level will Bitcoin fall after reaching $100K (or higher)? - page 4.

tabas

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Quote from: m2017 on September 08, 2024, 07:08:45 AM

How low do you think bitcoin will fall in price after reaching $100K (or higher)?

Let me remind you that in 2018, bitcoin reached a price of ~$16.5K and fell to ~$3.5K, in 2022 - ~$67.5K with a minimum level of ~$16K.

IMHO, those lowest that we've seen for the past years we might never see them again. This is what I like with this cycle, we always get a higher low every time the bear market hits us again. Maybe, the lowest could be $$40k-50k for the next bear market is 40%-50% of the course of Bitcoin's price if the ATH is going to be $100k but I think that we'll surpass that price too. It's just safe to say that we're going to see a better low in every bear market that we'll have. After reaching $71k this year, we saw it dropped to $48k and that's more than half of its price which is still good to be honest.

Dr.Bitcoin_Strange

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I have actually brought up this kind of discussion in one of my old thread but a member said that it's not possible that Bitcoin could drop below the price of the previous all time high. Which means that he is suggesting that after the bull market has come and go, Bitcoin will not go below the previous ATH of 2021. I know that our prediction can not be correct all the time but I believe that after the bull market of 2025, Bitcoin will definitely go below $50k.

Lucius

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If we take that $100k as ATH, then we could say that the correction will take at least 50% or more of the value, at least if we want to make some conclusion based on what happened in the past.

What should be taken into account is that we had a pandemic that dropped the price by 50% in 24 hours, just as we had the failure of the Do Kwon project, which the famous genius Bankman followed up with his FTX. These events had quite an impact on the price, and I mean not only then, but also what happened afterwards until today.

What did not exist in previous years were BTC futures and spot ETFs, and if we assume that we have a completely new type of rich investors who will influence the price with their decisions, then it should be taken into account that we will also have a very big pressure on the price from that side as well .

In addition, $100k is a big psychological barrier and exit point for many investors - you could say their ticket to retirement, which many of them will use.

Charles-Tim

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We have not gotten to all-time high yet. So making prediction now can be wrong. We do not know yet if bitcoin will get to over $150000 or not.

But if I should guess what the price of bitcoin could fall to during bear market, all that I believe is that bitcoin is not getting below $20000 ever again. That was its all-time high in 2017 but not getting below it ever again.

pooya87

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It is impossible to predict because let me remind you of 2017! Price went up 2x from $1k to $2k (which is roughly the same as going from $50k to $100k) and then continued smashing through other prices and kept on rising to $3k, $4k and so on while the final ATH was $20k. That was mostly without any kind of major drop at levels people loved to predict a drop at...

So it all depends on how we reach $100k. Is it a slow rise with barely enough momentum or is it a strong momentum that gets us back in the same old cycle that leads to an ATH.
If it is the former, we could see a big drop like 30%-40% drop all the way back to $70k and $60k ranges again.
But if it is the later you have to remember remember the ATH we had in 2017 was $1.2k and the ATH we set at the end of that cycle was $20k. Right now the ATH we have in 2024 is $73k and a 20x rise would take it to $1.4 million... Cool

ethereumhunter

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It is not easy to predict how lower Bitcoin price will be because there are no clear sign for us to have an accurate prediction. We can only predicts some range of lower price and waits until the price reach that lower price. But we can not have a right prediction because Bitcoin can go to any price without we can predict. Some people say that Bitcoin price can be at $46k or lower and that can be worsen if many bad news release and makes many people panic.

What we should worry are if people can not holds themselves from the panic when they see the drop. Many people will think fast to sell their Bitcoin and wait for the lower price to buy. But that will not always happen as they want because Bitcoin price can change the direction and reverse to the high price. The price now is at $54,5xx according to CoinGecko so we must be careful because the correction can happen again.

Hazink

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When bitcoin broke the ATH of 2022 this year and climbed to $73k before it started dropping down, some predicted that bitcoin couldn't drop below $50k again this year, which Bitcoin has proven them wrong.

The market is just unpredicted; if the price of bitcoin breaks to the $100k circle, the gravity of the event that will bring about the negativity in the market will determine how low it can go.

The only level I believe it will be hard for Bitcoin to drop to right now is below $10k. If not anything is possible in the market, we have seen the worst, and we should also prepare for the worst in times to come. What matters is that the price will bounce back in due time after whatever will cause the crash elapse.

m2017

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The forum has repeatedly discussed what maximum mark $100K will reach in this cycle. Many are waiting for the level of $100K, and some, especially enthusiastic BTC-users, are talking about higher cost indicators ($150K and higher).

But now I would like to focus on another point. What is the minimum price mark that bitcoin will reach in the current cryptomarket cycle, because the lower the price, the more bitcoin (parts of BTC) can be bought. How low do you think bitcoin will fall in price after reaching $100K (or higher)?

Let me remind you that in 2018, bitcoin reached a price of ~$16.5K and fell to ~$3.5K, in 2022 - ~$67.5K with a minimum level of ~$16K.

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