Will BTC fall below $20,000? Bargain hunting? - page 5.

isaac_clarke22

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Quote from: Iyanu14 on July 21, 2021, 06:20:36 AM

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Well now do you see the opportunity that it brought to people?
It was kind of insane rebound anyway, but it should not be that much surprising to all of us.
I expected these kinds of unstable rebounds back when Bitcoin also plummeted around 29k like couple weeks back.

mindrust

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Quote from: Iyanu14 on July 21, 2021, 06:20:36 AM

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

Polkadot Slot continues to be auctioned, and so many good news continues. Volcanic eruption is coming!!

Buying DOT, KSM, PHA, Do you have any other good advice in Polkadot?

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Depends.

It can always go even lower or... maybe this is the dip and it is going to bounce from $30k to $100k. Nobody can tell. As long as you keep your portfolio risk at manageable levels, you will be fine. Also learn to take profits because you'll never know when the markets are going to tank next time.

Shallow

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Right from when the market took a bad turn which saw Bitcoin dropping very low, a lot of people believed it was a case of manipulation from the big players in order to accumulate more but what keeps surprising everyone is the fact that even when it dumps, it also bounce back, therefore with this little experience so far, one can hardly predict if Bitcoin will fall below $20,000 at the same time, when it will start another growth again since it is becoming clear that Bitcoin hardly follows any prediction.
Also, in the case of Polkadot, the project has already done well which is the reason a lot of good news are still coming up, but looking at the market in which sentiment as well as fud are playing a big role, one need to be careful of when to start buying unless the person is a long term holder.

ninkdwi

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I don't think it's like that because more or less people will feel disadvantaged by the impact of inflation that occurs, such as price increases in a product because if basically people with fixed incomes will feel tormented if inflation occurs because the income they get is not proportional to rising prices product so that they will feel aggrieved for it. and this is only from one sector, there are already some people who feel the impact of inflation.

Kunnu

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I dont think that BTC will go down to $20k as it only goes down to $29k and goes back again to $30k, if BTC will go down to $25k then it will give more possibility to goes down up to $20k, Thankfully it bounced back again to $31k and hoping that it won't goes down again in the other day. Dont miss out on this chance to buy more because bitcoin can still recover from this and can reach the new ATH once again next year.

Yes, according to my estimate I don't think we may see BTC price around $20k because on technical basis there are some strong support levels above $20k price range which are looking quite difficult to be break and currently the market seems in a positive way so on this basis I don't think BTC will go much down.

Alanaz

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If you believe and are consistent with these thoughts, then please wait. we wouldn't really expect to fall that deep. because for us $29K is already a pretty big discount. depending on how dare you take part in the price.
for us there is no time to wait too deep, because learn from the past, then you will not waste a price when it is under $30K

Hughes_Ryan

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I'm excited about today's situation, despite the technical characteristics of the decline and accompanied by some people spreading it to intentionally create fud to gain advantage over their early short selling process. Bitcoin is strong again by the most quintessential features, some highly leveraged people have missed the bull.
The new cycle, the wait at 20k$, 25k$ is hopeless. It will be around 50k this month.

Review Master

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Quote from: Iyanu14 on July 21, 2021, 06:20:36 AM

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

Buying DOT, KSM, PHA, Do you have any other good advice in Polkadot?

Just watchout the strong resistance level as it could be a fakeout or breakout. But mostly people wants more dip before another bullish rally so that they could buy more alts just like OP mentioned. But hype of polkadot isn't having that much effect, though it was hyping up the market earlier in this year. So better for all to monitor bitcoin's price movement before buying any alts as bitcoin can hit $20k or less if it's dumped into $25k price level zone, IMHO.

amishmanish

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The average buying price for Microstrategy's Bitcoins is around 23K. The support at 30K has proven strong but if it goes in the 25K-30K range, then it can go much lower than 20K itself. This will be pretty catastrophic and it is better not to contemplate such a scenario, LOL.

Though we have already seen big moves from Square in both bringing DeFi to Bitcoin and Musk to his senses. If these turn out to be successful then all those "bargain hunters" are going to be disappointed. LN is already proving itself out in the wild with people running nodes and making transactions. The time is ripe for the Big Daddy Bitcoin to bring the children home. At such points, it is generally never a good idea to gamble with Alts. Just my two cents. This could all as well happen in reverse.

None of this is financial advice, of course.

btc_angela

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The good news is that bitcoin has rebounded above $31k right now.

And so is the other major alts following it's path as well. So I would say that so far, the strong support of $30k has withstand another test. And it's obvious, that when bitcoin goes down to $29k, there is a possibility that it will test the next big support at $25k, but it didn't happen.

So yeah @$29k, it should be a bargain hunting and hopeful those long term investors has bought it around that price. And perhaps they did as the price goes up in the last 24 hours, around 6% increased.

bitkanu

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Quote from: kizlod on July 21, 2021, 09:40:55 AM

I don't think BTC will go so low. It's going up again and it has a chance to be back on $40k by the end of the summer if not sooner.

that depends on what will be the result from the meeting between jack and elon. So many bitcoin holders will be watching it and then they will take a conclusion from the meeting.
If so the result from the meeting will be met all of expectation by the bitcoin holders and im sure that if bitcoin can reach 40k again in the next season.
This is a very important event.
I hope the result will be good

Kimonoe

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Quote from: deathcode on July 21, 2021, 09:51:28 AM

Quote from: dificanovi on July 21, 2021, 09:25:36 AM

I think the price of bitcoin will not reach $ 20,000 because bitcoin holders will not stand still if the price of Bitcoin reaches $ 20,000. Recently I saw that Elon Musk, Jack Dorsey and Cathie Wood were discussing Bitcoin, I'm sure they want to make the Bitcoin price go up again because the bitcoin price is already down 50% from its high price.

was it the result of their meeting?
what if they plan to make the market price go down and then they can buy at a lower price?
they are entrepreneurs, they think profit for their business. not about the assets you have.

there is still a possibility that BTC will fall very far. but we can see it all happening gradually and continuing with rapid improvement. This kind of market is very much enjoyed and favored by those big asset holders in the market.

to reach below $20k, I don't think anyone knows, although later on there will certainly be some correction in the wave. especially at this time as if there is no more negative news about bitcoin, so of course it will happen gradually. on the other hand it is indeed an opportunity for the whales, but is it that easy to guess the thoughts of the whales

deathcode

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Quote from: dificanovi on July 21, 2021, 09:25:36 AM

I think the price of bitcoin will not reach $ 20,000 because bitcoin holders will not stand still if the price of Bitcoin reaches $ 20,000. Recently I saw that Elon Musk, Jack Dorsey and Cathie Wood were discussing Bitcoin, I'm sure they want to make the Bitcoin price go up again because the bitcoin price is already down 50% from its high price.

was it the result of their meeting?
what if they plan to make the market price go down and then they can buy at a lower price?
they are entrepreneurs, they think profit for their business. not about the assets you have.

there is still a possibility that BTC will fall very far. but we can see it all happening gradually and continuing with rapid improvement. This kind of market is very much enjoyed and favored by those big asset holders in the market.

kizlod

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I don't think BTC will go so low. It's going up again and it has a chance to be back on $40k by the end of the summer if not sooner.

blockman

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Quote from: lepbagong on July 21, 2021, 08:01:56 AM

Quote from: blockman on July 21, 2021, 07:11:12 AM

If bitcoin goes $25k then it's going to get there. But it didn't go through under $29k so it's expected that it's recovering and it won't fall below $20k as what you're asking. As for that good news in the market, they keep coming and maybe in the next few days, we're going to have good news about bitcoin and it's going to come up with the recovery and it will be continuously going back to the price of $40k and up. But the question as it goes to $31k, will it keep the price and move forward or it won't and back to $29k again?

I am very optimistic and just like you, that bitcoin is currently in a fairly stable position for a while with a price range of $29K-$41K, this is certainly good news. so the chances of moving up with the good news will be easier than if bitcoin dropped below $25K.

very confident that the good news that has begun to appear one by one will make investors more confident and can provide a boost so that bitcoin can reach its best level this year and renewable ATH is not impossible to create again.

We saw a lot of swings and this recovery is a very good move to watch. We're about to wait for the next move and we don't know how long it would take for bitcoin to get to $41k but the optimism is still there and it's not that the same anymore as before that it will take a lot of time for it to be there again. We're all confident whenever we see bitcoin moves up again after being too stagnant for so many weeks. This time, it's gotta be moving positively and the news will all over bitcoin again if it happens to recover largely.

dificanovi

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I think the price of bitcoin will not reach $ 20,000 because bitcoin holders will not stand still if the price of Bitcoin reaches $ 20,000. Recently I saw that Elon Musk, Jack Dorsey and Cathie Wood were discussing Bitcoin, I'm sure they want to make the Bitcoin price go up again because the bitcoin price is already down 50% from its high price.

QueenVera

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Quote from: Iyanu14 on July 21, 2021, 06:20:36 AM

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

I don't think now is the right time to start hunting for altcoins and start investing in them. If Bitcoin was to fall further below $20,000 then as altcoins will fall further. The alternative market is currently very unstable for altcoins as that of Bitcoin is currently taking a beating. You can pick some altcoins that are currently oversold and keep an eye on them waiting for the opportunity to grab them at more discount when Bitcoin fallen, no need to rush.

Bitcoin can't withhold that support level at $29,000 it's holding for long, soon it'll fall and that corrections will take it below $20,000 but an immediately bounce back will follow since at that price is Bitcoin support many traders are targeting to get some Bitcoin at.

bryant.coleman

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Quote from: kidbounty on July 21, 2021, 08:32:47 AM

I'm still not sure bitcoin can fall like that. because if you look at the bitcoin support point, it is at 30k. and it lasted quite a while, even after the china ban the prices stayed there. now the effects of all that have begun to fade. so there is no more reason to make bitcoin fall any deeper. unless something else bad happens to the bitcoin market. if that happens then the price of bitcoin could fall below 20k. and that would make the altcoin market very scary.

If Bitcoin can go down to $29,000 from an ATH of $62,000 in two months, then it is definitely possible for it to go from $29,000 to $20,000. You can check the historical charts for Bitcoin. Back in 2014/15, in a few months time Bitcoin crashed from $1,200 to $200. And the same happened in 2018, when the prices came down to $3,000 from an ATH of $20,000 that was achieved in 2017. Volatility is a part of Bitcoin. If you want to be successful with your BTC investments, then you need to know how to effectively deal with it.

apa don

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Quote from: blockman on July 21, 2021, 07:11:12 AM

If bitcoin goes $25k then it's going to get there. But it didn't go through under $29k so it's expected that it's recovering and it won't fall below $20k as what you're asking. As for that good news in the market, they keep coming and maybe in the next few days, we're going to have good news about bitcoin and it's going to come up with the recovery and it will be continuously going back to the price of $40k and up. But the question as it goes to $31k, will it keep the price and move forward or it won't and back to $29k again?

Yes, that's right, with BTC dropping to $20k, those who invest in them will be seriously threatened in their market assets, because they don't want to feel bad again in their market assets.
and this kind of thing has happened repeatedly in the BTC asset market.
this is a serious thing in the crypto asset market, and why this sort of thing keeps repeating itself.

kidbounty

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I'm still not sure bitcoin can fall like that. because if you look at the bitcoin support point, it is at 30k. and it lasted quite a while, even after the china ban the prices stayed there. now the effects of all that have begun to fade. so there is no more reason to make bitcoin fall any deeper. unless something else bad happens to the bitcoin market. if that happens then the price of bitcoin could fall below 20k. and that would make the altcoin market very scary.

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