Bitcoin Forum

Buying BTC now is extremly risky.This is a bubble what we see now.  Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
 

Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
but is good time to buy altcoins that can make you x2-5x

So many news everywhere saying that "Don't buy BTC now"
Don't try to scare us. It really looks like propaganda.

Look at btc charts is move 1% a month. Altcoins have much better ROI of 2-5x till the end of the bull run.
BTC keep you poor this bull run.

Can you share with me from which factors you concluded that Bitcoin will drop to $20k, please.

Forecast, prediction, speculation are all non sense and zero value if you don't show reasons behind yours.
 
When will you predict Bitcoin drop deeper to $10k or $5k?

It can be correct but please note that not all altcoins will give your profit. Especially if you invest into Moon-DeFi or Moon-NFT tokens. They have been overhyped and not safe to invest.

Old altcoins can be one of best options from now till the end of this year.

How could it reach $20K again because it seems so hard to happen right now,
I don't even think that it could go below $30K now it has been around $50K for a long time now and the lowest is $48 or $49K if I am not mistaken so $20K is too hard to believe right now.

Peak of the market on 2017 was around 18k then it back down to 2k
This what happens when the price surge so quickly.
Now there is more adoption than ever so the price will not drop so much as before.
But it will drops 20k soon because early investors want to take profit and join on the bear markey this is how they  think.

Only noob invest now on btc on peak price

If you are rich and dont kno what to do with the money them put some on btc by all means

But for real profits is time for alts this is my financial advice

Hello everybody. The fall in the price of Bitcoin may reach 20K, it may not reach, let's not guess. I agree that for some, the price of 20K would be a huge gift, I myself have reserved not many dollars and I hope for this price, but the market, as always, will decide for itself where to stay. As for altcoins, most altcoins fall along with Bitcoin, and many are stronger, therefore, personally, for now, I'm just watching. It looks like the cryptocurrency market will soon let us buy at very competitive prices.

Let's say that Bitcoin rises at 1% rate per month... on what kind of math will this get it to 20k? Also, next time keep in mind that we have the mighty power to zoom out the charts and see the big picture. Can you?
While altcoins may or may not rise, they are much riskier than bitcoin, just because with insufficient knowledge one can easily buy some shitcoin.

Quite vague statement.
What do you mean it will get to 20k if it "moves" 1% a month?
All I can understand for now is that you're basing its pattern to how the price would end up.

We all know cryptocurrency is a crazy market, anything is possible just as they say. There is a possibility to what OP is saying so its still everyone's decision whether you are to dump your coins or not.

But consider this, 2017's adoption is different from today's adoption. There is also looming war that's coming, I'm hopeful that it will not come to that point really but things are escalating so I hope you guys prepare for what's coming having cash is good, and having BTC is also good.

Blah blah, blah. Please, show us proof of how wealthy you are as a result of your predictions. Oh, Wait! You only have a $10k portfolio:


When you reach 500k, show us proof and I will think about following your advises.

Are you FUD?

It seems you're affected by massive FUD posted recently on youtube which I think marketing strategy just to let people scare to push them to sell their precious holding coins.

Bitcoin price is unpredictable and look at the movement of the price compared to the past bull market? It's totally different and it won't just drop to $20k maybe it could drop but not right now maybe next year(who knows).

I suggest you better check the market for your self don't focus on what the influencers said on Youtube or on Twitter like Elon Musk's tweet about dogecoin. This type of strategy is no different from what happened in the past bull market they do that to slow the market and let people exchange it for other altcoins and they want to buy cheaper BTC.

So another account here to create FUD, we are really in a bullish cycle if we hear this kind of newbie account posting garbage.

Again, I doubt see bitcoin going to $20k, that's more than 50% of the current price. The only thing that can bring it down is when we have like a covid-19 scare. So far we have stomach it, and one year ago, the price has reach $60k++.

Yes, that's how these groups are working in collusion with each other to sow FUD, you can see it in every social media now, FB, Twitter, Insta..

I would say you don't need to be scare, although it's natural because this people are playing with our emotions. But this is just a test, you don't need to panic and let this be a lesson for you specially that it seems you are new in the market and haven't seen this kind of FUD before.

Everything can happen but no one knows what would be the accurate prediction that may happen in the future, we know that the volatility of bitcoin is always there and it changes from time to time so we should expect things like this, the thing here is that it is up to you if you predict that it would continue falling about $20k or just a bit dump and will still recover right away. This is really different from the year 2017 because there are already a lot of companies and countries that are now exploring the world of cryptocurrency especially bitcoin so I don't think that bitcoin will dump so hard.

Whatever happens in the future is not our concern, we can't see it therefore we can't change it to our bidding and even if we see it, there is no other fork on the road other than towards that future. It is likely that the price will drop to 20k or even lower but what's the point of worrying about it when there is no way we can control the volatily of the market, why not make a profit out of it instead of whining that the prices are going down.

No chart, no proof or anything? Your speculation is invalid right away. There are too many people like this spreading the FUD now and I hope that people today know their intentions.

Not all the time. Though it's not the best move to buy at the peak price. There are many who bought at a high price and sold at a higher price. The recent ATH of bitcoin showed us many checkpoints of ATH prices and those who bought that time gained profit from bitcoin.

This type of people are the ones who regretted why they did not buy when bitcoin is at that price. They keep doubting the potential of it before and now dreaming for bitcoin to buy at $20k. For me I don't see bitcoin to go that low, news from big institutions buying bitcoin started when we are at $40k so anything below that is not a good sign for bitcoin in the long run. Market is already in a correction now and buying below $60k is good for me. Especially altcoins that were almost half from their last ATH are really good to buy now.

To be honest if you will be able to try every single person here in the forum, they will definitely say that the bitcoin will never go to that dip of around $20,000 and also I doubt that it may drop on that kind of super dip. We can see that the market is red this time in which almost all of the cryptocurrency are getting low including bitcoin, but what we are pretty sure about is that bitcoin will not go to that dip because the market correction was really strong and it will not happen to bitcoin to dump so hard.

You are saying right that the bearish season starts. Market moves in 2 directions upward or downward. Market does not move in one direction. So, Bitcoin is taking corrections. So, i want to suggest everyone that must place stop loss in every trade. And book small profits

Please stop speculating without any basis, because there is no point in what you imagine - why would the price of 1 BTC drop to only $20 000 in a few months? This is called nothing more than the spread of FUD (fear, uncertainty, and doubt), and some people who read it may believe you - will you take responsibility for all the financial losses that result from it?

Also this is a board for Bitcoin Discussion, if you have something to say about altcoins there is a forum board for that.

Bubble ? how come that you Go to that Idea? and since when that the word Bubble is required in explaining bitcoin?
any Thoughts on this because you are only sharing FUD if you cannot explain this one.
When will be that?
Aren't you checking the market? bitcoin falls even to 53,000.
So which altcoins are those since you can predict the price of Bitcoin?

Count me on as one of the person who are believing that bitcoin were going to dip down to $20,000 or below. Actually what I have believing and base on my technical analysis maybe bitcoin could undergo a process of price correction or dips but i doubt that it would go down at $20k because the bitcoin market today was too different from the past. Bitcoin today was already known to everyone, even to the big investors and big businessman in the world today are being attractive to the  bitcoin.

Firstly, I don't think Bitcoin ever went back to $2k. The lowest point I can see on the price charts is around $3500 in December 2018. Secondly, this happened a year after the price reached the record high price (which was up to $20k rather than $18k, by the way), so it took a lot of time and also malignant activities by Craig Wright to bring the price to such a low point.
Apart from that, this bull run seems to be different from the previous one because the community is stronger and serious institutional investors are now backing Bitcoin up. Last time, the price barely managed to hodl around the ATH for a month (mid-December to mid-January), whereas this time the price has been largely above $50k for 2 months and counting.
That being said, I do believe that the price will eventually drop, and that buying at $20k in the future is a certain possibility.

I want to ask if you do have a time frame for bitcoin to drop to 20k, this year or next year, and are people suppose to wait till then. Giving this speculation especially about the price can stop some people or lead some people astray concerning their investment dream and pursuit mostly newbie who are new to this market.

Maybe bitcoin price will never back to $20k.Coz now bitcoin price is average $55k-$56k.I think bitcoin price will be reached $70k this year.Now market correction is really good. So bitcoin will not dump.

Very bad information for bitcoin, I suggest you don't make any news that is not clear. We all need to know that at this point in time many people like bitcoin so there's no way the price of bitcoin will drop to $ 20k. news - news circulating about the price of bitcoin that will fall further I feel as if they are forcing the price of bitcoin to go down, with this scary news bitcoin holders can be moved to sell their bitcoin at a lower price.

Sometimes there is information like this, I feel doubt between having to buy and sell. Usually if they sell, I buy and vice versa if they buy then I sell.
But the thing that makes me even more doubtful is that there is no certainty that the price will drop to 20k. This is just a correction factor in my opinion..

It could easily drop to 40k. If it drops as low as 20k it’ll drop even lower

I can only see reduction in dominance of Bitcoin, if compare with previous cycle, it is only short term before the parabolic. I expect the new ATH of Ethereum in BTC value when the hardfork is approaching which should reduce the transaction fee on the blockchain.

At this current state of bitcoin it seems kind of impossible for bitcoin to deep to $20k in this bull run, it really impossible, it will be very hard seeing bitcoin at $30k in this bull run maybe after the bull season is over and the bear season takes over then no doubt it might fall to that extent. Bitcoin is still in a good state no news of ban which will trigger people dumping bitcoin, even when there is a ban bitcoin still rises because the people involve still look for some other way to buy, so you saying bitcoin will dump to $20k is really much impossible in this present state.

Sorry OP your post invites FUD. No blog specialized in cryptocurrencies has created an analysis that indicates that the price of bitcoin could fall to 20K. Bitcoin is not a bubble. What will happen now? The institutions will be buying the bitcoin that you are leaving.

Although in the current situation the market is suitable for any investor. Let's not forget that while bitcoin continues its bull run, altcoins are also showing their best moment.

Are you telling that the Ethereum Berlin upgrade will make rapid changes for the ETH chain and will reduce the transaction fees, will see if that upgrade will change anything and how about the other projects that moved to other chains, do you think that they will return and i highly doubt that and i am not expecting the price to reach anywhere near BTCitcoin.

@OP If we are seeing a major correction then we might see the price dropping to your prediction and there is not guarantee that will happen and it all depends on how the institutional investors are planning to do with their holdings.

When bitcoin starts to go down a lil bit, some users are predicting about the fall of bitcoin. But for those who have seen the ups and downs of btc throughout the years, we can say that the level of btc right now is much different than in the previous years. The institutions as well as big companies that are into bitcoin today have better understanding on the capability of btc in the market.


And if he decided to get out of crypto, no one is stopping him from doing so. Just don't regret few years from now, when bitcoin has value that very few can afford to buy. Everything is possible to happen but going down to 20k level, is I believe far from happening.

And maybe after reading this, those who have been thinking of selling, rather change their mind because of this fud from a new member in this community. Because this is just another history repeats itself process. We've witnessed a lot of these in 2017 and yet at the end of the year, it has reach to a point wherein we almost touch $20k, write history again with a new all time high. So I would say most likely this is going to happen again this 2021. But for the new all time high? it's going to be different, as we are looking for $100k.

Since there is no clear, cut out way of knowing the exact top in this bullish market, I can't say that your advice/suggestion is totally legit because you didn't back it up with anything, not even with analysis whether technical or fundamental based analysis. I have decided to go all in on Bitcoin and I will be buying more Bitcoin even if the price goes down although I'll appreciate if the price continues its upward trend at least for another 6 months before a hard correction. You mentioned altcoins give faster and higher roi but you failed to major they've more risks if compared to btc.

Your comment is really very ridiculous.  I could not agree with you in any way.  How do you say the price of bitcoin will be $20k?  Is this really possible?
You can buy and hold Bitcoin at any time.  As you said, I can say that the price of Bitcoin will cross $100k.  Even two years ago, the price of Bitcoin was $4k.  And today the price of that bitcoin has crossed $63k.

If you think bitcoin will drop easily at $20k, you may be wrong OP. 2021 is totally different from 2017 where bitcoin is not that popular and useful to bigger institutions. But this year, bitcoin has gained huge impact not just to bigger companies but even to middle class investors. Even this covid 19 pandemic has even made bitcoin a very useful tool in sustaining their income and this gives a very positive impact to the crypto market.

Is this a Fud?
Really? Bitcoin will be down to 20k$ only quickly?
It may be in the bear market, but now, it is still a bullish market. The price of Bitcoin is decreasing, most altcoins are also experiencing the same. But, it doesn't mean to be panic and then think that BTC will drop soon to 20k only. Here, I personally still believe in Bitcoin to reach a higher price again after this market correction.
Once you enter crypto, never be panic,
stay calm, keep patience
Continue always analysis

I dont think we are going to see 20k pet BTC again. This bull run is not about the wale alone as we had it in the year past but instiutional interest and influential are involved and they will protect their investment at all cost

It is common for me to find a lot of FUD when the Bitcoin price is correcting, because there are always those who want Bitcoin to fall.
But I believe the events in 2017 have made many people wiser in thinking and making decisions. Especially now that Bitcoin already
has large investors from institutions, so don't expect FUD to panic selling now. Because even if we do the analysis properly, we should
realize that there is no way the Bitcoin price will drop to the price of $ 20k again.

I can't believe how pathetic your calculations are. Bitcoin is not a good price at $20k. I've proven this multiple times with a perfect math model using science. Bitcoin is a good price at around $100, and that's being optimistic. The price is going to crash far, far below $20k. You're far too bullish and clearly do not have a scientific model using facts.

$49,788 as I write.

Tick-Tock.

It is going down, and now the price is at $49,4xx according to Bittrex and almost the same with Binance.
Hopefully, people do not panic seeing the price is down because that can lead the price to go down for more.
Maybe if they want to buy bitcoin, they need to be patient for a while because we do not know if the price will go up after this or it will still go down since we are on the weekend, which usually, the price make a correction.
But if the price is back to $20k, that will be the greatest moment for us to buy bitcoin after we made a big profit before buying with a big amount of bitcoin.

Pretty crazy day today I must say. ETH hit a new ATH and never almost immediately reversed to $2150. Crazy price action today. I don't think this means we are entering a bear market. This happened 3 times in the past already. People are thinking its a repeat of 2018, it breaks one more time lower and then reverses and goes to a new ATH in a couple of weeks.

Market had to cool off. OI was way too high and coins like Safemoon which made people with $1000 investments into 8 figure millionaires was getting out of hand. Then there was the Coinbase event which was a buy the rumor and sell the news type of event. Lots of people got burnt this week and we need to flush out some of this leverage. Might go lower before it goes higher.

The price of bitcoin has been speculated to drop to significant levels but I do not see a possibility of dropping to the 20k levels but if peradventure we see suc levels then we should face facts, there is a crash in the market as that i more than a 70 percent crash in the price and it will be a negative one.

First of all, this should be a normal thing to happen with Bitcoin. It should not even cause a big ruckus anymore.

Bear market? Sure. Then it's a good entry point.
They say don't buy now. You don't really need to listen with anything, it's always your decision. If you had been following how the bitcoin market is really moving then it's easy to see that it will always go back to its ATH. Yes, it also means we can reach that 60k point anytime.
So, if you buy now at 49k then that means profit. Big question. When? Who knows?

If the Bitcoin price hits 20K USD,somebody like you will say "Don't buy BTC,the price will drop to 5K USD,this is not the right time to buy."  ;D
Just stop giving investment advice and stop spreading panic.Nobody wants your opinion about Bitcoin.
Can you explain why it's a good time to buy altcoins?What altcoins do you mean?There are hundreds of altcoins.Can you be more specific?Why do you think that altcoins will make 2x-5x,since Bitcoin is going into a bear market?Altcoins will never increase their value 5x,when Bitcoin is going down.

Ahmm it's around $19k, almost $20,000.

So, is that a real explanation? That's just merely comparing two different bull season with completely different reasons.

This is the same statement when Btc hit $1,000 , $10,000, or even the $20,000.

That's a lot more riskier than just holding Bitcoin.
Go on and try riding the Doge hype.

I have not invested in Bitcoin for so long now, because I bought earlier around $11k and I have been holding it since then, and sold some of it to get profit. The rest had been left in my wallet which I plan to sell later when I notice the market is finally crashing. Altcoins has been the only coins I have been buying for now, the good ones that I see I invest in them and also continue with the hodl, because I feel that altcoins might bubble very soon. Bitcoin we can’t tell if the bullish trend is over or not, I don’t know if it’s going to pick up again after dropping this low or not.

You are acting as a newbie in the crypto world. There is no way bitcoin can fall to the levels of 20,000$. You may wish for this but i am afraid, that is not possible for now. At most bitcoin can drop to minimum 43K and not below that level. If it drops below 43K, then this might be the end of bull market.

It's not a problem for me if you tried saying bad things for btc, because I have no plans yet for investing my money while it's not yet going down and experience another bear market. Somehow you do have a good point about $20k, but it's hard to figure out when will it happen. The market still showed strong dominance over btc, and most tokens with bigger potentials depends on the market value that it has.
To overcome our fears, we should keep our holdings safe and be updated when another bounce would further initiate.

Let them acted like that, majority of us really knows that $20k won't the lowest low for bitcoin this year. We are still in a bull run market, of course we can't go on parabolic rise, and month after month we have seen the price fell significantly and then rebounded the following week with a new all time high.

Not seeing it dropping to $43k as well, it is slowly grinding towards $50k and up. The floor for this dump is $48k and not going any lower than that, unless there's another set of FUD that will scare the investors again.

I'm pretty sure that this is just speculation being said without any background. however, I have heard that bitcoin is a bubble for a long time, but the price has continued to go up, and what's better is, many people have used it to grow until now. however, thinking like that wouldn't change the fact that bitcoin prices have now hit high prices, and even Elon Musk's classmates thought that was a useful thing. yeah, but everyone can say something. but I'm pretty sure the decline in bitcoin prices won't be that bad for now

Bubble doesn't necessarily meant that it is a failure because look at dot com bubble, it did burst but it did stay stable after that. Of course it is just a speculation. I don't think that it is the time to buy but at the same time it is good that you still have some bitcoin even when the prices are down or up because you never know what happens next.

While I'm a big fan of altcoins, it'll be very risky betting on them now that the market is down. A sudden bitcoin one digit correction sees altcoins dumping in their numbers with two digits losses. Best best now would be betting on bitcoin to recovery then when that becomes a success then the altcoins can come into the picture.

Don't go putting all you bets on altcoins that might disappoint as bitcoin spikes without taking most altcoins or any with it. And even though you want to go in on altcoin then it should be high market cap coins that already has the trust and fund invested in them with fundamentals and not just over hyped projects only getting attention because some rich dudes says so.

Yeah your right its risky to buy at the moment since it looks like we can see a 30,000 level if all the support will get hit, maybe its best to hold our positions for a while and prepare to buy maybe this end or maybe next month to see if the price touch down more deeper than we expect. But if you want to trade better accumulate those cheap alts since almost all good coins now are at the bargain price so better accumulate now since most provably we can see a pump for the alts than the bitcoins now.

Do you have proof or a chart that you can prove to us that Bitcoin will go down to $20k, obviously you are just creating FUDS, I thought this Bitcoin bubble thing ceases to exist after Bitcoin break and sets a new all-time high, so many newbies coming up with their analysis thinking that they are correct on what they are posting.
If you can't buy Bitcoin at  $60k then don't stop who can, and you will be forever waiting to buy Bitcoin at $20k.

I do not feel any danger in buying bitcoin at the moment. It may not a good entry point, but it is still acceptable. The next big resistance is around $42000-$44000. Whales are waiting to buy bitcoin at this price. With the current momentum, if bitcoin ever hit $20000, there will be no bull run for cryptocurrency. $20000 is really really bad because it is more than 65% in a decrease from its ATH. This will affect badly the belief of investors since many of them will lose their money. We are, apparently, welcoming a lot of newcomers and they are quite confident with bitcoin since we have the power of institutional investors, and, obviously, the enormous influence of Mr.Elon Musk.

You can wait for $20k too. But I doubt that it will happen this year. Maybe in the next 2 years, bitcoin will drop to this price

After the decrease in the price we have seen during the last days it is natural that people are scared but we also know that there are many influencers that try to get an advantage over people and they are trying to scare people on purpose so they can obtain benefits while they do so.

But things are different now, the person that is now part of the market and this forum is way more resistant to that kind of attack, unfortunately those that use only social media and do not use this forum to inform themselves are more likely to sell their coins for a bad price.

I don't think that bitcoin price will drop to $20k. Though bitcoin price is dumping but this dumping will not continue till its price hit $20k. Also bitcoin is not a bubble that will brust and drop instantly. Bitcoin price can get down more but it will take time.
How can gou sure that bitcoin Price will dump to $20k? In my opinion still this is good time to invest on Bitcoin.
Buying Altcoins is good, i support that. But if anyone wants to make x2 - x5 profit then he/she need to choose good coin. And for this enough knowledge is required about Altcoins.

I think the bull run is not the end. I prefer buy good altcoins now and hold it. I am waiting for altcoin raising.

Your choice but there are people whom would really risk out on buying bitcoin neither into those 60k levels because not all would really come after for short term profits but rather going for longer ones.

You should at least making out some re-check about your technical because if we do consider on pointing out those strong supports then 50k would be the toughest one and others will be
found on 40k levels and so on and its just too far for us to see the dip on 20k.

Everything could happen though but its less likely that we would really be heading back there into that level.

even if he is correct proper investing is dca.

set buys at
48x
46k
44k
42k
40k

then

37k
34k
31k

lastly

28k
24k
20k

Keep complaining here Bitcoin present situation won't proof anything. It's your decision if you will stay in the boat or not. Bitcoin trading around ~$50k so taking $20k unrealistic for me. However, I'm really concerned when investing this highly volatile item. If Bitcoin drops below that I'll sell myself. Anyway, I'm looking at bounce back.

I bought few altcoins 2 days before when bitcoin price dumped but today again those altcoins are dumping more because bitcoin is unable to stay above 50,000$. I think its still risky to invest in altcoins right now because they can still dump further. The fate of altcoin season now depends upon the bitcoin price. If bitcoin fall to 43-45K, i think altcoins season will be over.

That is also my idea.  When the series of incidents related to Cex in Turkey.  I bought some SoVs that I think responded well to my mindset.  When bitcoin floated to out the room stood at $ 50k.  I decided to place it.  I don't think the uptrend will be able to return anytime soon.  And this, closes the official budget for investment for this period.
Well, I think while clinging to the doge right now.  Those are people who love to play thrills.  Similar surfing from the top of the wave.  There have been horse races in which the rider was kicked.  Lol

Hope you have bought well established altcoins and not the random/new/shitcoins. If you have bought known coins then definitely you will get into profits when bitcoin returning to bull trend. I believe it will be matter of one or two weeks of time. I was expecting bitcoin to bounce back to normal after testing $47k-$48k levels but unexpectedly there are more selling pressure as bitcoin haters are everywhere these days because they are believing more into altcoins after dogecoin kind of sudden goldmines.

There's no way it will happen especially on this current ATH.  Indeed its too far and every break out there's always a strong resistance or bottom stage FYI. but not that kind of price because it's unacceptable and seems the end of bitcoin. Lol
 As the matter of fact ever since before when downtrend occur it always find a new price to land but you will never see it fell to such distance.. So expect it will always happen especially now it improves a lot and  has strong support not the same before..

Well, I won't deny it because everything is possible in this crypto market, however, we are still in the bull cycle, perhaps if Bitcoin will continue to dip it could go all the way down to $40k then it will bounce back passing its current ATH. We could only see bitcoin at the $20k price mark is when we are already in the bear trend. Hence, I don't see any problem buying now though but it is still better if you will make an analysis of your own. Regarding buying altcoins if Bitcoin does really go deep down, most altcoins will follow so I don't think you will be able to make 2x-5x on the one.

To many BSC scam coins are now in the market right now and hopefully he didn't choose thag tokens as an alternative to hodl then earn a rewards in the long run since this BSC tokens scheme are 1 day run schemes from the dev.

But also regarding to BTC I'm not expecting for it to go lower than 40k since seems the bearish trend is done and bitcoins became calm so I expect the bull will be back since the bullish atmosphere still intact even if we see some dumps.

Dude is a famous bear caller, I mean the OP, look at his messages and you will see that he talks about "I told you so" for the past 3 days about how bitcoin is in the bear market and that's it, he just does that, he keeps going around topic to topic saying "If you listened to me, I have told this before". Looking at the bitcoin price it is already over 50k once again, and there is no more drop, everything seems alright.

We are at a weekly 8% or so fall, if you didn't buy at 64k, you can't be in that much trouble, the 8% fall is nothing at all and can be recovered very quickly, even in a day. That is why I do not think that we should be worried too much, we should be calm about the current situation. Do not listen to people like OP, they just want to see bitcoin down, that is all they care about, that is not how market works, it is never down all the time, sometimes there are corrections and sometimes there are recoveries, we are back on recovery now.

It is quite risky considering the high fluctuation, we can see quite significant price changes this weekend which should be an uptrend for bitcoin (usually). There is still a possibility that bitcoin will still fall to the $20k price level, but not in the near future considering that there are still many large investors who hold bitcoin at the moment and I'm sure they won't let the price down easily

Well that's what we all what, we want a scenario that the price will never fall that low and it shouldn't naturally but you can never tell. Anything is possible in the industry, that's one fact that we should always keep in our mind before supporting or attacking a speculation. You can never know what fud the government are cooking up next.

The old tricks are no longer working that's why the fud haven't been coming up of recent but let that not decieve you that they're now on the same ships as the enthusiast. Also another economy disaster could dump the price to that value without days just like what we experience with the pandemic market crash.

Why does it have to move in one go to either extreme, anyone who trading on the basis they dont know everything which is most of us has to consider a buy on lows in order to avoid missing future highs.   There is a reasonable low, the point to consider now is the strength of the move which is probably around this 53k mark.   The weekly average is in this area so I would use that as easy reference we need to pass and hold that measure to keep momentum to the upside in this current recovery attempt.

https://talkimg.com/images/2023/06/12/AVY2d.png

20k can I dont disagree but also the way its viewed and I would expect it only as an extreme held briefly not some point to hold as a majority objective.  Just getting to 40k was my expectation this time.

GRaph shows we fell, we slowed the rate of descent and then we put in a bottom price outside the trend and rose.  Now it has prior selling volume to navigate to continue, no doubt traders will take profits several times and it wont move simply in one direction up or down.

Well the best strategy is to wait for the very best time to buy, bullish market comes with the big risk so we need to have patience and wait for the best time to buy bitcoin, but there are still so many alternative way to earn in crypto we can do trading,buying some altcoin,etc,.For now the best way to earn is to buy some altcoin that has a capability to rise in the near future, example of some altcoin are BNB, DOGS,DOT,XRP,etc,.Those coins are good altcoin that can maybe rise soon and there's a lot more just choose the best to earn.

So when was this happening?

20k? what if not comes? will you replace our losses?

how dare you to tell people to wait for 20k level but you know nothing about the market.

We know that any movement that happens on bitcoin gets amplified in altcoins and the market conditions are very difficult at the moment, while I think that sooner or later the price of bitcoin will keep climbing this is one of those points in which the market is unstable and can move in one direction or the other relatively quickly and you do not want to be caught invested in altcoins when that happens.

Now if you invested in good altcoins then you can just stay put and hold them until the situation with bitcoin improves, but if you bought altcoins that exist just for the sake of speculation then you may want to get rid of them before you get badly burned.

You mean buy now even at a correction level is still a bad idea?, where are you from man?, i though buy at correction should be encourage than at bull-run. If bitcoin price drop to that level you predicted @- $20k, what "%" do you think we will be talking about?, it's better to wait for the 30% most of you predicted.
Even the altcoins you are advising doesn't give guarantee these days because the market of the altcoins do react negatively to bitcoin movement sometimes. 

I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.

Any possibilities are possible in bitcoin or in cryptocurrency due for being a volatile of a market. The thought that the bitcoin price may drop down to $20000 is possible however it may take time to happen this way again.
What I mean was the crypto market now has already a huge investors in the community and this investors are one of the reason for being the strong resistance of any crypto happen.

If you don't have a bitcoin that you currently hodl, I implore you to get some right now so at the least if the prices go up, you still have some bitcoin profit to get in compared to waiting to an uncertain event and it didn't happen and you didn't get anything out of it.

You never know what happens next maybe the price won't go where you want it and you can't buy bitcoin because it continues to go up so you end up not riding the hypetrain because you waited for an opportunity that never came, just get in.

Obviously everyone will not know what will happen in the future and I can agree with you, but if it is about bitcoin, maybe we can analyze from the habits that have been done by bitcoin itself, although maybe the analysis can be much different but at least there is a handle for used as a guide.

yes, obviously it is difficult if you don't have large capital at this time to be able to buy bitcoin in full, most of which can be done with a number of fractions. but rather than not being able to enjoy the increase that might occur in bitcoin, it's better to buy in installments

When the price hits $47k in the last couple of weeks, it made me think that everything is really possible. However, if we see the price goes to $100k, I doubt that we can see the price sinking to $20k, there are a lot of support lines along the way, so I doubt that we can see that price again.

So let's hope that $100k will come first before $20k. And now that we are back to being bullish, let's hope that we won't see the price that low again.

We cant really remove the probabilities since we know that this market is way too unpredictable even though we can presume out that its way too far to go that far down then
you would really be worry if you do see the price is dumping again and its true that on the time bitcoins price hits up on that 47k low then there are people whom do really think
that it might be possibly we can see some another low price but its not a guaranteed though because basing off with strong supports then there are lots which are sitting beyond 40k-50k price
So its less likely that we can really see to go back 20k but dont expect or do make out some guarantee.

No need to implore, just let people do what they want:) What you are suggesting is good if you want to invest in crypto. Just go in on BTC, small buys done many times regularly better than timing a big buy during a dip, dollar averages has worked out great for a lot of people including myself. Stress free and it is Bitcoin! No other alt beats it!

Yea, I think if you wanted to be a crypto investors, go with bitcoin, you can't go wrong with it. And I think this is the mindset of most newbies anyways, so no need to implore. Their only mistakes is that they think it's a get rich quick scheme, which is obviously not.

But for those who are smart and learn from their mistakes, they could do DCA or just stack sats when ever they can and then have the mentality to hold. And I agree that no alts can beat bitcoin. Alts is more of a pump and dump and the risk is too high.

We could probably analyze but given that this years graph is different from the past, I think that it will be difficult to be certain when you want to predict or analyze the next movement of the market.

I agree, this is the best time to pump money into altcoins to enjoy great profits.  x2 is still quite modest during this bull run season.  ADA, TRX, EOS, ETC, ... all bloomed this week.  For investors with poor capital investment, why not accept the challenge to generate greater benefits?  But I am against the prediction that BTC will drop $ 20k, it will be $ 85k by the end of Q2. Trend continues to support bitcoin.

No, and you can't be sure of that. Just like thinking the possibility of Bitcoin will reach $100k (someday), that could be the same that it will reach back at $20k, who knows exactly, isn't it?

Well, I know people are so bullish during this time, not surprising for me. But, I'm not also surprised to hear them crying in vain when they lose because the price dumps without being noticed. No, as long as we can't sure about the next thing...it will remain possible. Should you care about preparing yourself then?

Everyone shouldnt really make some struggle or do have doubts on whatever decisions they would come up with depending on the current market condition.
If you are longing for 20k in bitcoins price then this might happen or not and no one could ever precisely predict it out.If you do tend to wait then you are just
wasting up your time since this might take a while and since you are longing for profits then its sensible to take action towards altcoin investment
rather than just waiting into something which is nearly impossible to happen.

You say Bitcoin will drop to 20K because of the history in 2017, right?? But you forget that the peak price at end of the year, so your statement that said not the best time for buy is wrong. And you should know that no bubble in Bitcoin,  a lot of people just sell their Bitcoin and make price dumped massively

Remember that the Peak price in 2017 is the best, the dip price this year, this scenario will always same that's why the price of Bitcoin keeps increasing.

Its fair to say there is a bubble in everything because of such dilution of the worlds main global reserve monetary base.   Without defaulting or some dramatic effect I dont see how we dont continue to see weak currency and inflated prices in many asset classes.   I dont think its a stable thing but we have to judge which will last best over time and fair best vs this volatility, since Bitcoin is global it has a fair chance in this.
   20k is about half the 200 day average, it can happen but anywhere between 30 to 20k would be very stretched and likely to rise again after much like the 2017 peak fell and rose many times.   I always think of a bouncing ball and its reducing pattern on every bounce, you can still be bearish within that but we arent that likely to go back to 20k and just stay there and I dont think we'd even fall that low currently as there is not the climate for such a pullback to suddenly occur.

I also think what the OP said is totally wrong. However, he has the right to deliver his prediction. If we consider the current price of Bitcoin, $20k is too far and likely hard to achieve. We know that the price of Bitcoin can decrease massively but it shouldn't drop with a huge number in a very short time, it must take months and need process. Moreover, if the price of Bitcoin can reach $100K this year, then the bottom rate of Bitcoin in the next bearish is likely above $20K.

We have our own predictions and speculations about cryptomarket and especially when it comes to next moves of bitcoin market, either it it dump or pump.
But thinking that bitcoin market exchange rate will dump or drop to $20000 was possible but impossible to think for me whenever i see the market demand of bitcoin today.
I am very much positive that the market demand of bitcoin will continue to rise and will give also a positive feedback to the bitcoin market.