Bitcoin Forum

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

USA is the finance and Bitcoin capital of the world.

Influenza is a part of life. Corona will be too.
Just need to get used to the idea.

In a year they will be close to a vaccination...

A vaccine hopefully shouldn't be needed as the world should be able to iradicate it by then, if the un picks 3 weeks, tells everyone to save up to then and gives everyone a certain amount to live off etc then the virus should be well contained (at max a month) but they ought to try to do something if this hasn't gone away by Christmas.

It's probably useless to try to guess how far btc can fall. It could go to zero or it could stop at $4000.... Or it could see a short squeeze at $5k and go straight up...

Financial capital, perhaps, but I thought China ruled the bitcoin world.  In any case, both finance and crypto are completely global and I seriously doubt that even if millions of Americans were infected with COVID-19 it would kill the economy.  Right now it's not really the virus that's causing markets to slump; it's the outbreak of fear of the virus that's doing it.  Most people who get infected will have mild symptoms and will recover nicely--and I get that COVID-19 is worse than a cold, but it's not exactly like other viruses which are much more virulent.

Anyone see the movie Contagion?  Great flick, and people right now are almost reacting like the folks in the movie did. 

Oh yeah, how low will bitcoin go?  It's under $6k at the moment, and I have a strong feeling that it'll go lower before it goes higher--and the reason I say that is because I don't think the panic is anywhere near over, and I think people are going to be hoarding cash for months at least.  That means everything is going to get sold, including stocks, bonds, oil futures, and bitcoin.

Saw the movie longer time ago, but many similarities with whats happening with the corona virus, also very nice cast in that movie.

well, it's hard to say what will happen and we saw a huge dump and pump yesterday. today bitcoin hit 3800$ and pump again 5500$ for now it looks like stable in 5000$ support but I think BTC will hit 2000$-3000$ soon and I hope it won't fall below that.

It touched $3k last night.

Might happen again, but the window is very short.

yes I never saw this much violation in one day and current scenario not looking good if it's dump 3000$ again I hope it stabilizes there otherwise it will go bellow 2000$ this week

No, the crypto market has bounce back already, the lowest price I saw was $4100 with minus 46% down.

Just look at the market now, it is now $5600 and minus 6%. Obviously, everything has settled down, the manipulators has played us again, using the corona scare as means to manipulate the market and make tons of money out of those who fear the epidemic. Now, the question, is this a trap? how are we as investors/ traders going to react about the flash bounce?

Who can say is this huge drop the work of some whales who used the pandemic news to lower the price as much as possible, or panic around the world has done its thing. However, it should be borne in mind that the price of BTC performed very well when other markets recorded large losses (stock market $5 trillion loss in just few days), and even gold was down.

Obviously there was a point of resistance that at one point broke, and the trigger was the declaration of a pandemic which is followed by 20% drop in price of oil, and another big crash of stocks markets. All in all I think we did well (because it could have been a lot of worse) but since the virus has just started spreading over the Europe, fear and panic will have a huge impact on all markets in the months to come.

If that's the case, this is just the beginning. The media is going insane over a small handful of cases in the USA, but what's going to happen when roughly 50 to 150 MILLION people have it in the USA and the media starts to focus on the 1 to 3 million that dies?

The virus will continue for few more months or worse years. People cannot sustained some of their needs when this time come and definitely the only resort is to sell assets either on shares, stocks, business venture and even crypto asset. We cant deny the fact that not all have good standing in life and you cant blame them for doing so, if you marked them as stupid or not thinking then we are just judgemental people who are not understanding their situation but keep talking here and blaming them. Whales have different case and thinking, they arent care much to people have beem swayed by their brutal move. I didnt sell any asset but I understand some who did dumped.

With this corona virus making them continue to urge needs so that their assets will be sold to supply food and etc. they need, I also know conditions like this because there are no more activities out there so selling assets is the best choice for them , and maybe they will start again from zero to invest in crypto.

With this dumping there are several factors between its ongoing fud news and also panic from the holders so that they panic and sell their assets to the stock exchange.

At least today we have seen some relieved, the market is going green and we didn't fall to $3k or even lower as others have predicted. But still the market situation is uncertain, if this is tied to the corona virus scare then we should expect more people going to sell off to have cash on hand to buy some basic needs like food and water.

So we need to be very cautious, of course, it is good to see the market rebounding, but we can really tell if this is just momentarily peak because they see that the price of most crypto are very cheap. But what if in the next coming days, we see worst situations? maybe we can see some massive sell off again.

I don't think only USA is capital of bitcoin, and this isn't real reason of current bitcoin dump (IMO). We know how world populations are on panic now because of Corona fear. Due to panic they want to hold some real cash for emergency situation incase if happen something wrong. As a result huge bitcoin sell was happened. And that's the real reason of current bitcoin crash (IMO).

I will not surprised if bitcoin back to previous bottom on $3K zone. Because COVID-19 still out of control, so still there is chances for more dump. When world overcome Corona panic then most likely bitcoin will start grow up (IMO).

This is the reason why health authorities should fast track the vaccine for this virus or cure for those infected. But I'm glad that bitcoin didn't hit below 3k. This is a big challenge not only in crypto but across the globe. Economy of countries that are hardly hit by this virus is not doing well, so many losses because of business closures. But at the moment, let's enjoy the fact that we are now above 5k and still doing  good.

100 million plus infected what ? .  usa might be the btc capital but what about china ? china is also know as the supplier for btc mining equipment and also known for a big country  , most of these people also involved on btc.  to the question if how low btc will go ? i think this is the lowest point because i observed that the price are only recovering but there are times that it fell but it didnt fell hard anymore .

  this isnt looking good for a btc seller like me but this looks good for the whales and the people that are going to invest .

I bought in 2014 and hodl. But if it dips sub $1000 I gonna buy for sure even though I never bought after 2014 and got all my eggs in the Bitcoin basket.

That's a huge number, I think the analysis is wrong, OP, can you provide a source of that information?
Things will be worse if that would happen, imagine what is already happening now, maybe bitcoin will be back to $100 if that prediction will come into reality.

Actually I don't believe it will happen, so I would not panic.

I hope that the vaccine for this virus will soon be found. if not, little by little, it will erode the prices of various types of investments, not even just bitcoin, but also various types of investments. Well, if this can get worse, prepare everything for it, or you can convert your assets into USDT.

Well, as long as the panic is there, economy would probably continue crashing still. Possible comeback of BTC is either when the mass populace actually learns what's what in terms of knowledge regarding the virus and them knowing that their hoarding is actually just spreading more panic. Another would be the development of a vaccine. Stocks and crypto market would probably make a huge comeback, possibly even bigger compared to its initial one before the economic crash. The root of it all is the mass panic spread by the NCOV virus after all, so once either the people know what it's about or a solution has been made, things should go/return slowly back to normal.

Nope thats wrong because this is the best time for Bitcoin Holders imagine we can buy at 4k? When will be that chance happen again?And this will give us more opportunity to gain sooner.
I am a Bitcoin Holder myself that i why i consider this as once in a blue moon opportunity.
It will mate because whole world are looking for the vaccine and i believe that Americans will not let this Virus ruin the world when the cure ca be found.

I think price "can" drop to around $2,500 (based on September 2019 TA, so "ignoring" the past 6 months of price action). This would be based on another round of capitulationon breaking the $3,850 lows, the 2014 fractal as well as $6,200 holding as resistance, but otherwise would only give 10% chance of this at the moment (at best).

For me, it's an 80% chance that $3,850 is the new swing low. Problem is, if we break this, I find the likelihood of holding $3,200 lows as pretty low odds.

Agreed. This is bad, it will probably get worse before it gets better, but life goes on and people pick up the pieces. I think this kind of unexpected kill-all event has done its best to hit everything and so far the effects are strong and will continue to reverberate but Bitcoin's resilience is particularly unique. It moved past the 2017 crisis (remember that?) and it'll move past this one just as quickly.

And in a few years, the whole world will again be watching cat videos and Kardashian memes.

Hi there, man. Where's the source of this estimation/claim 'cause I couldn't find anything similar in the internet. Anyway with that saying, it is not always that infected people are going to die, 'cause recovery cases counts greater than death cases and usually the people who died with the virus are the ones who have disease existing already before getting infected by COVID-19, the virus just made it worse, and in addition elderly are the most prone with such unfortunate event. But anyway I do believe that sooner this virus will be resolved, and everyone will get recovered, and as well the crypto market, it is just right now people are in panic that is why they act recklessly.

It doesn't mean this is the end of the world, there is always looking and find ways for the cure and I believed in it they will find sooner or later and as what I have heard there is already a vaccine on that pandemic decrease. Bitcoin price might be affected but it will resist after this recovery happen. Just stay strong and if you have the extra money in your pocket, it is the right time to accumulate Bitcoin as much as you can while it is very cheap and this opportunity will bring us profit.

How long BTC will go? Nobody knows but I may suggest being a brave holder and dont panic because probably some whales now are trying to ride this event.

volume says this is the dip.

If you are big holder you can simply move to China. I never see any event that is bad fro Bitcoin holders. I see plenty events that are very bad for those that love to trade Bitcoins or those that have any.

Then we can see bitcoin going into bottom, but the thing with manipulators is that they really know how to timing the market very well, others might succumb, that's why we have this saying that the weak hands have been shaken. So if the media blown out this outbreak out of proportion, and whales and manipulators doing their thing so I expect that $3k lowest low again. And if you are a true believer, then that the best time to buy.

I expected Bitcoin price drop to $5k, but I thought it would happen at the end of March or even in April. In my opinion, this short bear market will last around to the end of April and then the price will stabilize. If the price reached the level of $5k so quickly, in my opinion it is very likely that it will even reach the level of $3k within a month.

I think that technical analysis is currently difficult to estimate the exact price because this is the impact of coronavirus which makes things worse is very possible to happen, the decline continues and if prices continue to fall below 5k then surely a deeper decline is very likely to occur with fast, this is a threat to many holders out there and not just about bitcoin.

some researchers think this crash had more to do with plus token scammers unloading than the coronavirus scare and decline in world markets.

plus token wallets moved another ~13k BTC into mixers last week shortly before the crash: https://twitter.com/ErgoBTC/status/1236072541808029696

it's probably safe to assume this amplified the selling pressure.

according to Ergo, the rate of selling is decreasing significantly compared to last year. i'm not sure how many coins they still have. it would be nice to know how much reserves they have left to dump but i can't find a straight answer. this is like the mt gox bankruptcy distributions all over again.

Looking at things, the price is deadly undervalued right now. We all know what will happen with the halving, we all know millions of dollars not going into market for sale anymore after that, even if miners have some stash aside we will actually have that run out one day as well, they can't continue forever like this.

Maybe the new machines makes sure the difficulty goes higher as well, maybe old machines closes so it is easier to mine but in the end we will still see some increase. Now I don't want to be a downer but when bitcoin moved from 6.5k to 3.5k back in late 2018 we did said the same things so I hope same doesn't happen. I still see the price undervalued because of halving and we will probably see over 10k very soon at latest this summer again.

No one really knows, some are saying that it would fall down to $3,000 but I do hope that it won't, because although that would be a bigger opportunity to invest, but if we would be realistic and practical, such market value will give difficulties for Bitcoin to recover. But if that would come into reality, i won't hesitate to invest. It won't be a problem for me to wait for years, and others should also be, because the moment we engaged from investing into it, it should be already clear that our money is already at risk. Downfalls and uptrend makes the volatility which is in nature of all cryptos not only Bitcoin. The prices do tend to change a lot from time to time, and lack of patience would more likely drag an investor down.
If corona virus is the main player behind the decrease, then there is hope. Going back to reality, there are people who are recovering from the infection of the virus which could be a sign for a comeback regarding the issue. And it might reflect to the market prices. Also, there is an anticioated Bitcoin halving which is believed to lift the price of Bitcoin up, so maybe, holding should not be a threat for the investors. Knowing that there's hope, we should still be positive at times of such no matter how huge the decline is.
There are methods in which one could save himself from being infected. One could limit his interactions with the masses in order to not need migration to another country which would be more of a hassle. What are those events which are bad for those who trade and invest? All I see is the nature of market volatility, and nothing is new in this industry; a factor would affect the price and it can either go up or down, as simple as that.

I think the lowest level is the true $ 3k. but, I did not expect that. so far, the price of bitcoin has remained in the range of $ 5k, and there are no signs of going down further. I believe that many people have turned their assets into USDT because they are waiting for lower prices. Well, it's the middle of the month, if there is a decrease or increase, it can happen at the end of this month.

As far as the pandemic might spread across borders, we still don't know how long it will affect the standing of Bitcoin in the market. This month of March, the lowest is just below the $5,000 value and is getting steady above the said price in the present. If it maintains its current price till the end of the month, we might expect a gradual increase after surviving the dump until the halving event comes.

For me, we should still hold Bitcoin because, it has still a lot of potential especially in this year of halving.

I think no one knows how low bitcoin will go, but maybe the question here is what will we do if bitcoin will dump, for those believers, are you strong enough to still hold even seeing bitcoin will dump at a very fast rate.

As of now, bitcoin dump below $5000 and it seems like this is another big dump incoming.

Would you still trust bitcoin seeing what's happening now?

That's a good question, because many are in great temptation to sell and exit now when they see that BTC is fail to be safe haven or store of value in times of such a major health crisis. Some things will definitely change, people will start thinking differently and will be even more cautious when it comes to risky investments.

I still trust in BTC, but as holder in long-term. The question is when and how we can expect market recovery, and how long it will take for BTC to recover? One mitigating factor is that we have halving soon, and that the market will respond positively in Q3 and Q4 if we manage to stop the pandemic.

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Nonsense, how the pandemic will stop without vaccine? Unless you think everyone gets infected and then the most resilient survive? And what about the next winter season, all over again - the young survive, the elderly die and the world economy stops for a few months... COVID-19 will only go to sleep, same as flu virus, and we need effective vaccine as soon as possible.

Going to $700 right now.

I have no doubt bitcoin will recover fast this year as long as the pandemic will be contained, this is the biggest factor that hindrance bitcoin from rising, it has ruined the hype of halving already, so this is insane but I have a feeling this year bitcoin will at least rise back to $10,000.

Next target for the bitmex liquidation is $250-$750.

Dont forget to blame the coronavirus, and of course, to take the vaccine.

You are panicking to hard my friend. Even in the darkest scenarios, I don't see Bitcoin prices below $1000. Although I would love to see its price fall so low. If the Bitcoin Price drops below $1000, I swear I will sell everything and buy all in! I think the lowest level we will see will be $3k

I think we will go to 2800$-$1800

#corona

I think a bottom price is possible in this area but hard to say for sure, no way is the bad news over but markets typically preceed news on their own action.   Prices are speculative, news is retrospective hence a constant contrast.

https://talkimg.com/images/2023/06/12/A7DpI.png

Two day average has capped aspirations but a bounce from the lows matches the trend since July peak.   We are in line with previous selling despite many rallys, we continue in line with that gradient and rate of descent.   In this area also below is some of the lows from late 2018 hence its quite a strong area of support possible.

I think we should forget almost every common prediction models and TA, because we currently have a situation that is unique and completely unpredictable. All markets are hit very hard, and there is no indication of a recovery in the near future, although it is encouraging that China is slowly recovering, while on the other hand, Europe and the rest of the world have yet to experience their worst moments.

We see in last few days that BTC price is had some sort of support/resistance at $4000, but no one would bet that it wouldn't be broken in one moment. There has been a great deal of mistrust of investors in risky assets such as BTC, and the media has focused on the fact that BTC has not proven to be a safe haven or store of value in times such as this.

Not going to happen....  ;)

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

Agree we need to find this corona virus drug so that the situation is getting better with it has improved then the market will also recover, I hope the expert doctors have found this drug so that the crisis is not too much longer.

We, as lovers of the crypto market, are eager to return to recovering bitcoin to see better movements.
But I'm not sure bitcoin will reach $ 3000.

100 million people? Yes, if there is no government in some of the countries country.  ;D

Scientists is now equal to a bitcoin analysts? Or are you just using the Coronavirus to explain the sudden low price of bitcoin?
It is just difficult for me to connect everything.
I believe there are effects but not to the extent that it could all the way down.
In fact, there are chances that it will boost bitcoin after this coronavirus mayhem stops. People are now at their home using internet to find news.
There might be a chance that they will bump into bitcoin.

Looking at the free fall and where it got caught I too believe $3k would be the absolute bottom.
Only if we start turning into zombies will it go lower :)

Why your the decision so radical? If the price drops below $ 1000 for 1 Bitcoin - sellers in a panic can lower this price even lower, for example, to the $ 500 area, and then you will need to have steel balls in order not to panic and continue to hold Bitcoin.
I would now refrain from any positions and fix the funds, because during such an unstable situation anything can happen.

is it just me, or are bears getting overconfident? this is beginning to sound just like bulls aiming at $100k+.


masterluc has now joined the bear party. he is aiming for $1800 too: https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

and he's one of the conservative ones. all the cool kids are expecting <$1000 now.

As much as we want things not to end up like this, we can’t be sure about the market right now because of what happenings around the world. Btc can go lower than what we expect, but let’s hope its not going to go below $3k again. The market recession is threatening us, I don’t what will happen to bitcoin is the stocks enter into a recession.

What part of "not going to happen" don't you understand  ;D

Let's not write off bitcoin this soon...

The fight still on-going but can't find a certain vaccine that could help to treat the virus. It sounds like we end up this war against coronavirus for several months (it hope to be done in the 3rd quarter) if the community will helpt also to resolve and stop the spread. This is how it affects the global market and also in here. We can, therefore, expect for recovery only if this will be over that is why we should have to patiently wait for it.

My decision is not radical. I am open to various possibilities. I predicted the price drop to $5k a few days ago - check my posts. However, looking at the whole thing it is unrealistic for me that the price of Bitcoin falls below $3k. If that happens then anything can happen.
If the price of Bicoin drops below $3k, total chaos begins, which they begin to control in full-blown whales, then there will be nothing better than buy!

Cooperation is the key to stop spreading the virus and therefore the crypto economy will be right back on its track if this pandemic will be stop. For now, Bitcoin is suffering too much losses down to its original common price and I see a sign that this will going to continue until it hits back to $3000 just like what happened last year.

so far, I think researchers and scientists are still looking for a cure for this virus. depending on the conditions, it can spread to even more people. if this is difficult to stop, then there will be a possibility that the price of bitcoin will drop at a lower price, but if the cure has been obtained, I think the price will recover slowly.

Not so fast, this could be possible but I think many traders, investors, crypto enthusiasts, believers, and hodlers will not let it happened. Thats way to low and even whales cant afford to make it down so much as they are also circulating funds from btc market.

It seems its not going to happen any sooner, charts speaks for itself with a very good support on 5k levels. I think whales are now finished dealing with their playtime on the market. Recession will eat us but were backed by those manipulative whales whose goal is to shrink it but not totally destroyed it.

It's really ludicrous when you made that assertion of the United States being the finance capital of Bitcoin. Certainly, this isn't true. We all know how American billionaires, including Donald Trump, despise Bitcoin. It's because of their unfavourable stance that has made many crypto sites exclude American citizens from participating in crypto registrations on such sites.

Australia and Germany is now in the stage of testing the new vaccine before it gets to that figure I'm pretty sure the new vaccine will be release, the world is trying to contain this Pandemic and scientist are in a hurry for the cure, time is a big factor here, every seconds counts now.

The vaccines may still take long until released, the antiviral drugs can still be an easier choice; they have to simply figure out which of them are the most effective.
All in all, in the same way China is getting better, the rest of the world will also get there... in a month of two.
The nations are printing money and help out businesses. This means the national currencies are getting weaker. Bitcoin .. remains scarce.

So I would not think much on "How low will BTC go", just buy the dip and look for the better days; they'll come.

No one knows!

There no one do able to predict the future or the things that would happen ahead.For now we do able to see
the devastating effects of such pandemic but do you really believe that it would last for more months or years?
Vaccine would be available soon and everything that had been dumped down will surely recover.
This doesnt only talk on traditional market but also in crypto as well.

Will the USA economic boost help bitcoin not freefall to 1000?

On what basis do you say the price of bitcoin will fall that low?  If only based on your guess you play gambling, don't trade.
With a position like this Bitcoin will not be lower than last year's lowest price.

If we look at it from a technical standpoint in March, leaving a matter of days and in the 1D time frame also shows oversold and besides that halving is also near I am not sure the price of Bitcoin will fall below $ 3000.

A few days ago when the price of bitcoin fell to $ 3,850 it was enough as a sign of low and high, as a sign that the price of Bitcoin would soon recover.

100 million infection in United States alone?what kind of joke is this?US is now doing their most to prevent the spread and if china did made the preventive measure like now their infection is getting lower so what more if US do their action?
but talking about the lowest Bitcoin can be?it is for at least 3k$ level like 2018 and nothing more,forget about the exaggeration.

Vaccine is coming our way. 100 million infected people may not be possible, since there were news about the vaccines for the virus being created and be available in the public on April or late March of this year.
Well, if this pandemic will become even worse my prediction for the Bitcoin price would be around $3,000 - $4,000 range. Though people may not prioritize their investments, but there are those rich people who can afford to put enough money in any market to mutiply their profit up to 1000% after we get through this pandemic and the global market recovers.

We don't know. But it could be possible because as a big country, the USA can be one of the countries that can help bitcoin to become strong besides of the other country. But we know now, all countries still focus on the virus, and they still trying to help their people so maybe this situation will still like this for a while. Maybe we will see a change in the next month or May since the halving will come in May.

I am not sure how low it will go, but I hope bitcoin will stay at $5000 before it will start to rise again.
More dump means more opportunity to buy, but the indication to the market is not gonna be looking good, people will panic more and it might take time again for bitcoin to rise, so more patient especially for the holders who are waiting to sell their holdings when bitcoin reach its new ATH.

It's so questionable right on when we see this end up since as off now we are experiencing a bad market situation brought up by the virus and I think its hard to predict on how low we can go since until now experts cannot find a solution for this to ease up the panic and hopefully we can see a strong solution so that we can come up with a big recovery.

Up until now I still have the wish to predict the market accurately. But that might not come true forever. ;D

We cannot control the market.
But it's movement is from us. How we make transaction and how we buy or sell.
There is another problem though, we don't really know how others think.

So asking how low it will go might be a difficult question.
If you are a bitcoin supporter you want it up of course. So you will give positive comments here.
It could be bias most of the time.

We are now in the positive direction as we speak.
But since the market is very unpredictable, we don't know if this will continue or plunge again.
And no one can really determine how low will btc go, so sometimes this kind of question doesn't make sense anymore.
But ok, people want to make their wild guess and make a discussion with it.

You know what, the best moment in crypto is when we see bitcoin bounce back after it dump, it gives us a feeling of assurance that bitcoin even if it's dump many times it will continue to pump, and you are right, as we speak now, bitcoin is already pumping, per CMC, we got some good increase at 16% so far, this is not an ordinary day, and let's see what's next for this after it hits back to $7000.

It's a really good day for the Bitcoin price, but we're still in the bear market. Reports from exchanges shows that the recent increase is the result of speculation, so only the actions of traders. There is still a lack of investors who would like to invest long-term. A positive mood can change at any time. In my opinion, investing at the moment is too risky. The price of Bitcoin has never been predictable, but now it is completely crazy, because no one can predict even what will happen with the entire world economy. I think that this uncertainty will have a big impact on the large drops of Bitcoin price in the near future.

Bitcoin is not going low, on contrary it is going high, that is what we should be worried about, do not consider how low bitcoin can go as the question to be asked, consider how high we will get after the halving as the real question. The more we talk bearish words, the more we will have actual bear movements as well, the talks of it makes people question if you could be right, they start to sell because they are afraid.

However, if we talk about how awesome bitcoin is and how much high it will get, they start to think maybe they are missing out and buy that causes it to actually go up anyway and they will be right. So long story short, these bear talks will cause bear, try to limit them as much as you can, always talk how much bullish you are on bitcoin for the long term.

If we are talking about local goals (the next few months), then I think that the bottom has already been. There may be another decline, but there will be no new low.
The price was lowered by speculators, it was not a natural fall.
I think now only growth is waiting for us, as halving is nearing and soon the bad news background will stop.

Currently Bitcoin price is moving up, that is true, but so far we have learned how easily this can change. Especialy in this time of uncertainty when Bitcoin price isn't depending on market only.
However,  the question how low Bitcoin can go is the same to that how high can't go, neither of these two can't be predicted.
To my opinion in the upcoming period we'll see price fluctuations without tendency  to keep only one way.

Yup! pretty much the price is slowly recovering from the downfall it had, but the slow pace means that there is still a chance that it mind come down I am saying this just to be safe because I don't really know what may happen to the price because of the current situation we are facing right now,

And the vaccine may end up in a failure it would need many tests run and study because of every vaccine there is just a percentage that it will work and there are certain allergies for some people for that kind of medication so eventually it will be all trial and error.

I think we need to remain optimistic about this. even though things are changing so fast, I think there is still a chance that the price of bitcoin will go up high. however, we see that the price of bitcoin crawls from the price of $ 6100 to the price of $ 6800 and drops to the price of $ 6500 again quickly. although the circumstances change quickly, I think little by little, this price increase continues.

We actually feel bitcoin will rise, as opposed to popular opinion.

According to the chart btc is now bullish and it will pump now.So There is nothing to worry about btc price to be lower.But actually it can't be predicted fully.
But we can hope for the btc price up.