The last dip was $17400, I do not think bitcoin can fall further below that price, this is not about sentiment or just a prediction or guess but based on what has happened in the past when bitcoin increased to $20000 in 2017 and later dropped back to $3100 in 2018. After the massive drop, bitcoin did not drop back to that price up till date.
Bitcoin dropped all the way from $69000 to $17500 and this would likey be the lowest price during this bear time, there would be volatile but in a lesser way that would be followed price increase. I am still thinking if bitcoin can even go further, dipping down below $20000 which I believe would be a very strong support, although bitcoin is presently at $19900, but probably won't fall much further.
If people start to DCA now, it would be very productive by 2024.
Topic: Will Bitcoin do $19k again before a bull market? - page 6. (Read 825 times)
I usually don't bother my self about BTC price but always keep update with news. But yet I decided to take a look at the price chart, then I saw that BTC price has broke the support for $20,700, the direction of the market has turned bearish and the next support should be seen in the $18k / $19k area. There may be a continuous downward movement this weekend. Trade with mindfulness and add a stop loss in all trades.
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?
If it happens that Bitcoin goes down to $18 or 19k, that will be the last time it will go that low this year, what do you guys think about this (Bitcoin experts in the forum)?
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