Bitcoin Forum

Do you think that the price of bitcoin can come down to below three and a half thousand dollars? Because the current situation in the world is that the market is not stable because of this epidemic Many experts who have been observing this market for a long time think that the price of Bitcoin will go down again. Now people are very much scared of this epidemic. No one in the world will be stable in this market until this epidemic is gone. All other businesses that have other online markets are in the same situation so groom Tamana is not the time to go on the market

Go down below $3500? I am not an expert but i highly doubt we can see that price again, i think the first time it happen was as a result of the pandemic panic but now people already understand the situation of the virus and know how to manage it, for that, am not sure btc will go as low as you are saying,
However, the market can surprise us, halving is few days, people expect price to be up, then maybe a dump afterwards,  everything will depend on market.

Yes it possible, even if you think bitcoin can hit $1000 or $1,000,000 it's still possible. Bitcoin price is very volatile, probably it can change around 30%/day. But, that price can't change so fast for 30% because of demand and supply, news ( now FOMO about halving ), and many other sector. Everyone can free to predict, but you should learn to analysis yourself than said from many experts. As you know, many experts like you said it not totally know about the bitcoin it is, most only want to make "bad news" for bitcoin or advertising his service / project / ICO.

I do not think that anything related to the epidemic will affect Bitcoin in this period when the world is trying to normalize. Apart from this, withdrawal may occur gradually with halving. But we will experience together to what extent this will happen.

Everything can still happen, even though the bitcoin halving has started, it can still go down because as we observed the movement of the graph, the are still times that it goes down, the price of the bitcoin is around $9000 h $10000 and the highest value for this day so far is $10026 and the lowest do far is $9500 so everything can still happen so we should be careful when reading or investing because we cannot sure that the price of bitcoin will continue going up.
Hitting $3500 could be still possible because bitcoin is volatile and it changes seconds by seconds but hitting $3500 will not be so quick or easy because of many supplies.

If enough people quit using, hodling and having interest in BTC, the price could dump even to $1. It all depends on what the decentralized community (us) do. With a pandemic or without, the markets will be moved accordingly with our moves.

Could have been easier to understand if you just said thrity-five hundred dollars or just $3500.  ;D
You got me there.

It can. Even below that. There is no stability with the price of bitcoin. It aint like stable coins that are being created out there.
Dumps do happen and it could be tomorrow or the next day.
Specially now when it hits the 10k mark. There will be sellers just for ROI or those who thinks they already made a profit.

It is possible but unlikely.

Bitcoin's volatility can bring the best out of it and also the worst of it.

Despite the pandemic, bitcoin performed well. The other markets also did the same but it's a swinging market so you can think about what you want to think.

The market has never been stable, it's volatile all of the time.

I highly doubt that it will go back to that price.

I do agree that there is a pandemic happening right now and it is true that people are actually scared of it but I don't think that it will majorly affect the price of the market of cryptocurrency. The fact that we are seeing the price of Bitcoin at this state means that there are still a lot of people buying and waiting for the halving to happen. It may dump or may have a correction but I don't think it will go that low.

Always possible for me. Bitcoin is always moody, expect the unexpected. After we reach before the almost $20,000, we fall for almost 80% of Bitcoin price, so the three and half thousand U.S dollars is always possible. It could be done in just a span of 24 hours just like the dump last month I think when the coronavirus started to spread.

It already did right? However, the market has bounce back already. For the market to go down to $3k levels, there should be like negative news, although. there is chance that the market will go down hard again if we see another 2nd wave of of corona virus cases. I would agree that the market will not be stable if this pandemic continues, not just bitcoin, but the rest of traditional markets. Everything is possible, 40%-50% crash, but we do hope that it won't happen.

As I always say "There is always a possibility for everything" especially in the crypto market.

Who knew that Bitcoin will go down from 8000 down to 4000 in less than 2-3 days I think IIRC? No one knew it was coming or maybe some events like the virus is the reason why it dumped that hard at that time. Bitcoin going down to 3500 is always possible but the chances of it is around 3-5% only for me. It didn't reached the 3500 but it went up to 4000 only. I just hope that there are some who accumulated more at that price and those who are still waiting for price of Bitcoin to reach 3500, you will feel too much regret and will say to yourself "I wish I just bought Bitcoin when it was 4000-4500" and maybe it will be the worst decision you've ever made in your whole life :).

Yes, it could be, bitcoin has it's a feature of being volatile so it is possible that bitcoin can still go down even though the bitcoin halving has started. There are still many possible things that might happen, but I think it won't go down so deep as before when the pandemic started, it reaches about $3900 and it won't be seen again so quickly but can still see.

Remember before the pandemic virus exists, we are thinking the bitcoin will only reach $6000, so we get shocked when it reaches $3900, so everything is possible

If everything is possible to happen but there are certain times that they are expected to happen. Now bitcoin has survived the top of covid-19 and people are beginning to invest again in bitcoin. Also looking at the halving, I'm not expecting that price will go down below #3,500.

If you take a look at the price movement of Bitcoin, you can easily tell that the pandemic ain't a big hindrance for Bitcoin to continue rising. If Bitcoin falls again, that for sure not because of the pandemic, instead It surely an act of manipulation or another crypto event that triggers the price.
This ain't the stocks that was heavily affected by the pandemic, because stocks are obviously ran out of demand due to the pandemic, thus causing the market index to severely drop.
Cryptocurrency is different, If you thoroughly analyze, cryptocurrency isn't supposed to be affected by the health crisis, other than just people aren't able to buy more crypto because of the demand of priorities and basic necessities to survive the lockdown.

We might see 2-3 years of recession, along with massive social unrest soon. I don't see the virus being our only issue.

The price of Bitcoin must go below price 3500$ or 3000$. There is a record that the price of Bitcoin has dropped by 30% in one day.As its price goes down to 500$, it goes up to 100,000$ and nothing is unbelievable. On top of that, it is true that hitting below 3500$ or 3000$ due to a lot of supply does not seem to be possible so quickly or very easily.

It's always possible that Bitcoin price goes down. Bitcoin is volatile and price goes both ways.
Currently the price is fluctuating and it looks like it might continue so for a while. In the upcoming period I don't expect to see some bigger price fall but not some bigger price rise either.

These so-called 'experts' are just people who make predictions and for some reason believe their predictions are worth more than those of random people. Bitcoin is too volatile, its price is unpredictable. Will it go down to $3.5k? I guess it can, but I don't see why this would happen. Bitcoin is quite strong even though the pandemic is not over. And even the announcement of the lockdown did not push the price that low. Something very serious has to occur to trigger this event, way stronger than what the world has already been though. Or a series of events like when Bitcoin went that low the last time. I think it's unlikely.

it's a volatile market mate, you should not be surprised if it goes up or down but what I can clearly say is that post having of bitcoin is always a dump. In this case, it's not yet post halving yet so my guess is that it is a manipulation from the market by whales to fill their bags with more bitcoins. Don't fall for this fear yet.

See I do not think that the price of Bitcoins will go that down .
In simple words :- 50% of the Whole Bitcoins is being owned by whales and the fortunate section of the society , therefore if the price declines and people starts selling it off , then it won't go that below.
This was the mathematical reason .

Now practical :-
Apparently Bitcoins is something that has been providing people like us with some small jobs and people are able to buy and sell their services online at this time , which is helping a lot .

Therefore I do think people will continue to use it for years to come , it is a techno of the future and with time people will understand it.

Not for at this time, maybe in the following years with assumption:

• Halving is coming
• High demand
• The price has been pumped

Relax, market law still applies to all types of markets and that includes the crypto market. You know, halving bitcoin will happen in the next few days and the price is now pumped because of the increasing number of requests in the market. Although a number of things including the pandemic can be attributed to unstable market conditions, in reality the price of bitcoin has increased despite the ongoing pandemic.

Even without a pandemic, the crypto market will not be stable and you also have to admit that crypto prices will continue to change over time and this is called fluctuation.

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OP, if you want the stable crypto market then I dont think you will get it unless you keep your assets in a stable coin and I dont think it's something to say as an investment but its like saving money.

Who is "groom Tamana"? Anyway, I think we have already seen in the past that anything can happen with BTC...nothing is impossible including going up fast (so fast that the world can be shocked because they never invested with BTC) or can badly go down (to the level that many holders are crying already). Now, will that happen again? Only time knows what can be. With the recent pandemic, one thing for sure that we have to understand that we are living in the real world and BTC is not something that is shielded from reality.

It has always been difficult to comment on such topics. Nobody knows exactly the direction of Bitcoin's price. As such, everyone can make predictions and write. The price moves differently compared to the previous halving processes. Nobody predicted the recent price increase. However, the price is in an upward trend. If 10,000 resistance breaks, the uptrend may continue.

Because this halving period interest in Bitcoin is very different from the previous ones. Thousands of Tweets about Twitter about halving are being taken every day. On some television channels we can see evaluations on halving. This time we may have a different course.

Well, the price of bitcoin is quite unpredictable sometimes and it just doesn't stop to amaze us, it could go down that low but I don't think it would happen after the dump since we all know that it would obviously go up after the dump. Even though we are affected by the pandemic, I don't think it would affect the market that big especially bitcoin based on the price movements the past months.

that possibility is justified. However, from my point the bitcoin will evaporate higher and more stable at prices above $ 10K going forward. because halving in 2020 this should be of more concern by some miners and of course I don't want the value to be lower. let's be witnesses in the history of bitcoin for a better future

You may need to see this article that launched a few days ago https://cointelegraph.com/news/billionaire-paul-tudor-jones-buys-bitcoin-to-hedge-against-inflation

Pandemic has given a bad thing for all countries economic especially for those countries who has a lot of people who affected including US. If this situation still continue I believe there will be many countries who got inflanation. At that situation the people will keep their money in some asset like gold and some comodities. But that news has stated that the billionaire Paul Tudor will buy bitcoin when the inflanation come. This is why I didn't have a bad prediction for bitcoin price, it will go higher than now.

There is no impossible into the world of the market especially to the bitcoin if we are taking a look the price of the bitcoin start not even in a single dollar but by the help and support of the people we can now make a lot and huge market income with this but it takes time. Recently we saw the market price of the bitcoin falls down rapidly into a 3k dollars market price in the range for over two to three months and also many people said it is because of the pandemic outbreak which is happening right now into our world but I think it is not related because the only thing getting affected is the fiat currencies.

Today the market price of the bitcoin reaches now over 10k dollars which is already a huge profit to us but if we mind on it it's because of the people support this coin. It is possible that the market price of the coin back into over 3k dollars? Yes, it is because it is volatile and we cannot deny it if the whales or the people who have a lot of investment into the bitcoin pull out rapidly their funds.

its verry possible  . it did dumped hard before alot of times  so why not on the future where more people are said to hop in and means more price hike due demand .

 price hike is the root of dump afaik because most people only come here to earn a profit so they wait for that moment to happen.  but im not wishing for the price to dumped guys so dont hate . peace  ;D

The bitcoin price did already took a massive hit when the Price fell the first time when lockdown was announced amongst the biggest and powerful nations of the world and then it slowly recovered. So now if anything bad doesn't happen then I believe that the bitcoins price isn't going to crawl back to $3500 as you are asking and if the Corona pandemic continues to spread then it will be bad for us and also for the economy of the major countries of the world.

While most likely many are going to answer that is not possible that was in fact close to happen not long ago, when the price crashed on March 12 2020 we saw a price of 4600 for each bitcoin which is not that far from what you think we can see, however I think that the panic caused by the coronavirus is slowly leaving the markets so I do not think that we are going to see such crash again but at the same time we cannot completely dismiss that possibility.

Most of the holders of bitcoin who are controlling it's price are the big whales who have huge amount of money in their pocket so epidemic will not likely to affect them that much therefore bitcoin cannot easily goes down to that level where it's price will likely to be below 1k$. Though everything is possible and can happen so the percentage that it will happen is still there but is very low.

And as you can see, the bitcoin price is skyrocketing because of the hype of it's incoming halving so I am not sure if what is happening right now will likely to affect that much in bitcoin price not only if the big whales will boycott the bitcoin or the most of the governments will implement a full ban of bitcoin.

i think the bitcoin price will up to $100K,but not now,might down when halving finish,let's check it

https://i.imgur.com/J4KJ0Yy.png

I think the price will go down a bit after Halving, It is not strange for the price of Bitcoin to fall below 7,000 after next halving, if you do a little technical analysis you will see that 10,600ish is a strong resistance level, if we will break 10,600ish then there is high possibility to touch New ATH again, But being concerned, BTC already has been rejected 10600 resistance level two times in a row.

I believe it won't go below less than $5K as for what I have seen with it during the harsh times of the pandemic there is a strong resistance of the price coming from all direction to prevent a massive dump happening after a FUD of many people. More people now are speculating with the halving ever than before so I am expecting a good run for the bitcoin to have a huge price pump although we are expecting it to dump after the halving since we are tracing what has happened on the past 2 halving.

Yes, of course, it is possible. The bitcoin price itself is volatile, which means, the price will be changed from day by day. If you can accept that, I guess that you would not surprise to see bitcoin price will go up or down. You can use your time to buy low and sell high, and the best thing that you can do is making a profit while bitcoin price increases. When bitcoin price is down, you don't have panic, but you should make another strategy so you can buy low which all traders want.

But the crypto market will recover even if we still see the pandemic is not over yet. Perhaps, after the bitcoin halving finish, the price will start a rally to the higher price, and we will have a chance to see the new ATH.

If halving not give effect for bitcoin back to higher price how come after halving sure bitcoin keep stable with lower price, lost hope seeing bitcoin on the top price and could break how higher price bitcoin last 2017 reach above $15,000 and now keep lower price although halving just few hours later.

The decline will definitely occur but will not be lower than 5k, as happened before when there was a sharp decline they said if the decline would touch to below 3k but that did not happen at all. This epidemic makes the online market something that is the most popular and thus, the price of bitcoin and other crypto will continue to strengthen even though sometimes there is a correction but it is not a problem, stay calm.

Nope that would not happen.

Although there have been many instances when the price did go down to that level but, it is highly unlikely it would happen again. I think after the halving, Bitcoin price will go down as it has happened in previous halvin but not $3000. In my opinion it will be max $6000.

One thing I am sure is that the price of Bitcoin will go down after having. For me it is an opportunity to accumulate more and if history repeats itself the USD value of Bitcoin should pump next year.

It's possible but will not happen.

This is like saying that it's possible that the president of the USA goes insane and commits suicide. It sure is! Would you bet on it?

Bitcoin is not going to drop below 3000 dollars without some big problem in the network or a world war, alien attack, a real pandemic not like this fake corona pandemic.

Guys, this is my most sincere thought. We must not panic. If Bitcoin has been able to sustain itself in this more critical time due to the coronavirus, halving could not be a negative response. Bitcoin we are all.
Although there is the possibility of seeing the price down.
What if this thought becomes true?

"May 2018 will be the last time we ever see #bitcoin under $10,000

By Charlie Shrem" (3 may. 2018)

https://twitter.com/CharlieShrem/status/992109375555858433?s=20 (https://twitter.com/CharlieShrem/status/992109375555858433?s=20)

I am in the line of the optimists. :)

Nothing is certain about the price of bitcoin even though we can analyze it well. There is still a possibility that the price of bitcoin will break the support level after being halving based on the results of your analysis and there is also a possibility that the price may surpass resistance or breakout and continue to gore.

It all depends on market demand and if this halving momentum is only used as a place to look for profit then I think daily traders or seasonal investors will immediately release their assets after halving the events which will impact on the falling prices.

Everything is possible but I hope it will not go below what the OP was saying. I guess we already surpassed that level a long time ago. Let's see what significant events will happen to crypto  to support the increase of bitcoin other than this halving event.

No, i dont think the price of bitcoin market will go down below $3500 despite the current pandemic situation which affected every market setting.

To be sincere, most experts you mentioned mathematically predicted the price of the bitcoin market through the number of reward miners will get after the upcoming halving and halving was implemented to stop price inflation. This means the experts ignore the importance of halving and focus much on what miners will get as a reward.

I believe the price of bitcoin will never go down below $3000 as thats a bitcoin strong support level. But it's true that because of epidemic, the price of bitcoin will go down below and already lost 13% of it's cost. Can't predict about the stability but probably $7k to $6.5k

3000 area is near the 200 weekly average which has been a bottom pricing for some time though I've not heard of that average being important normally.   RIght now we're trimming the top of the move with profit taking on a weekend.

https://talkimg.com/images/2023/06/12/A7w7J.png

The top prices here match a trend since the hard low in March and the blue line is us losing the 2 day average which is a large indicator of immediate buying that was true for quite a while.   Its normal to pull back to say the 9200 area but this is larger then that coming into the 200 day average again.  I had 200 DMA as a price target for end of April which did occur so it could be find that place has most gravity overall medium term.  ie. we're not especially negative even with this sell.

What a great recall!  ;) so far, this is third time it has been rejected 10,000 level. Everything is going according to my prediction; I think the price will go down further after halving. Till now I'm steadfast on 7,000 level. we are going to fall a little bit after halving. I'm going to buy back again at 7700 position. Best of luck guys.  :-X

Seems like there is a new twist in the market before BTC Halving, I am not sure how much real is the news about the massive drop but I don't believe it will fall so badly near Halving period.

One thing people need to understand is panic sell which is need to be avoided at any cost because this will surely impact the price, I believe the price will reach at least 11k while Halving just wait patiently.

Never believed what an expert declared about dump in price of the market now.
AFAIK, the market for the bottom price is already achieved and what we're expecting now is the bullish market. However, i also expect the pandemic slow down the halving effect but once the block reward is halved rally market will take over some hours after.