probably the bottom floor if BTC really reached $100k will be $48k, as long as the institutional investors aren't selling their BTC in one go and that they still keep holding BTC for much longer time than just to simply dump it at peak ATH in this bullish cycle.
if you see current price action the liquidity and resistance is so strong around this price level that I think bitcoin going below $48k means it's a bargain already and there are many people ready to buy.
so I don't think it will go as low as $20k like the previous bearish cycle, bitcoin is already too strong to stoop that low, unless there's something really bad happen.
although arguably if market really bearish, then maybe we can go to $30k price mark but not for too long until recovery.
Topic: To what level will Bitcoin fall after reaching $100K (or higher)? - page 5. (Read 1082 times)
September 09, 2024, 02:27:43 AM
September 09, 2024, 01:50:40 AM
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.
If following what you said here and bitcoin hit the price level of 100k for the bull run, then after that we may definitely see the market declining so hard on the price of 30k during the bear circle. Although I can't be so certain that price has to touched that range but as we know the price aren't always the same and if you look from the last 2 halving it wasn't following the earliest sequence and we not go as dip as it's was then. Okay what about 2020 was it as that which you mentioned? 
September 08, 2024, 10:46:28 AM
To what level will Bitcoin fall after reaching $100K (or higher)?
I noticed that there are hundreds of speculations being issued and becoming a source of hallucinations for crypto/Bitcoin users as a whole in 2024, but none of them can be relied on as a passive source.For all of that, we keep talking about the price of Bitcoin at $100k, let's say that happens, whether in the next year or when the halving happens again, no one knows that, speculation is valid on the impact of low prices after this. when $100k has been made, but we are aware that whatever happens to Bitcoin, no one can analyze it accurately, that is the real problem for all of us, with that being just a prediction, personally, the price of Bitcoin will only be at $50k after $100k occurs, that is my speculation.
September 08, 2024, 09:40:59 AM
Currently, the volatility of the Bitcoin market is increasing. Although predicting the Bitcoin market is never an easy task, the volatility has increased even more these days. Most investors are looking at $100k to break even. At such a time it is almost certain that the price of Bitcoin will decrease in the market. But I think no one has the power to say how far that reduction will come.
But if we look at the previous price chart, https://www.forbesindia.com/article/explainers/bitcoin-price-history/92523/1
since 2021 prices have declined by more than 50% from ATH every year. Even after the bullrun of 2021, Bitcoin lost more than 50% from its ATH in the same year. Whereas the ATH in 2021 was $68,789 and its value fell to $29,796 in the same year. Later on the same ATH, its lows fell further to $16,000. That means the 2021 ATH of $68k had to touch a low of $16k. Where almost 4x more value was lost. We need to be prepared for such price reductions in the future. Maybe we will see such a price drop again.
September 08, 2024, 09:12:39 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. 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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September 08, 2024, 08:25:59 AM
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.
September 08, 2024, 08:14:39 AM
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.
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.
September 08, 2024, 08:07:53 AM
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.
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.
September 08, 2024, 07:54:48 AM
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...
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...
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September 08, 2024, 06:52:12 AM
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.
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.
September 08, 2024, 06:15:36 AM
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.
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.
September 08, 2024, 06:08:45 AM
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.
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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