Bitcoin Forum

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

I personally was not expecting the market to dip this quickly or for this to be the end of the bull cycle, but the market is very unpredictable and cycle could change at any point in time.
Those investors who have experienced bear cycles in the past would be prepared should the market be heading towards there now, lower prices causes panic, but also presents an opportunity to buy more at cheaper prices, the best strategy would be not to view Bitcoin as an investment at all, but rather as a currency which gives freedom to it's holders; viewing Bitcoin from its qualities takes the attention off its price.

Currently price as of this time of writing $29,670 which i can say that we did have a break out on 30k point or support but the gap or level of decrease didnt really penetrate much but rather hovers around
and this time it did really make out some idle state where movement isnt really that much which its really hard to determine whether we do make a move or wait a little bit more
before making any move or trying to buy in but it isnt really bad to consider on taking up a risk on buying with this cheap price. Asking about possible 20k price again?
Nothing is impossible into this market even though it do looks good but it could go worst in a snap.

It's hard to predict whether we are already in the bearish cycle or not. Personally, I'm expecting the market to rebound before the end of the year, so chances are we might.

However, if we don't then obviously, we can go down below $20k. We are something in the $20k'ish now, the support on $30k was broken already. And we all know that if a big support is broken, the price will continue to go down until we find a new support level. But still, I'm optimistic that we can go over $30k again in the next 4 hours. The Asian market is open, so expect something of a +$300 jump at least.

Let's observe the recent market situation, we can't really see how this scenario will continue to exist because there might be similar occurrence but recent market falls in another opportunity for those who still desires to buy bitcoin. Below $30k already happened lastly, so if others worry about it as well as altcoins of course the weak now is the loser. Our emotions is what we're battling now, keep calm and hodle your coins until such time market recovery will come.

I can remember there were times we drop at $28k but it recovers shortly and rallies back at $36k again. I think of the same scenario might we are able to see again. I couldn't see a huge selling demand (for now) that will cause a huge dump later but of course, we can't hold investors and traders to do it, somewhat as weak hands can't hold anymore but started to get panic.

Well, it is a need for us to prepare and take this opportunity to buy more but I don't think we make a huge drop below $20k.

$20,000 is very possible. Take note that we are still -51% from all-time-high. Correct me if I am wrong, the last peak around 2017-2018, after we touched around $19,000 we manage to drop below $4,000 before reaching the recent all-time-high which is around $60,000.
And the last dropped was around -70% I think? So, for me, $20,000 is still possible for if we are basing the previous bear market.

That is, if we are referencing from previous market movement. However, we need to account also about the exposure of bitcoin or crypto in today's market. More institutions, organizations or individuals are into bitcoin today, even some countries are making a good move towards bitcoin like El Salvador. But of course, $20k level is always possible to happen. We should not be too lenient in this market and everyone should be alert especially if you are heavily invested in this market.

This is the time to sell your coins if you really want to follow the market trend, cause I believe the market is going to fall than this and those who are still holding can sell now to buy later when price rise reach the dip of the market. I will not advise anyone to buy now looking at the market from higher time frame, you will see that the price of Bitcoin is still going to fall more than what we have seen. It's better to flow along the trend and trade according to the market signal rather than speculating wrongly and later have to wait for several weeks/months before the market favour our trade or investment.

I don't think so. The current bullrun isn't really the same as in the previous bullrun. So, I think the scenario should be a bit different with bullrun in 2017. Although there is much speculation that BTC will drop to $20k, I believe it won't happen in the near future. I am not an expert in predicting BTC price, not a specialist in reading charts, but I am confident that BTC can increase again.

Not that really fan on going or comparing the past but this is really different compared on that one because when it comes to level of adoption then we can tell that it is really different compared into those years.

The market is just really unpredictable and you wouldn't know on what comes next and also be mindful that what comes up would also go down and its an inevitable thing.

You should concerned or be minding of on how you would make out some possible entries when prices is already becoming cheaper for you to take advantage.

Everything is possible. Even 10,000 dollar is possible. But I don't think we will go much lower than the current price.

In the 2017 bull run, we reached 19,600 dollar and after that the price dropped to 3,400 dollar in about a year. That was 83% decrease. If a same thing happens again, the price should decrease to 11,000 dollar.
I don't expect such a drop this time, because there's a big difference between that correction and current price drop.

That 83% drop happened after a 9700% increase (from 200 dollar on January 17, 2015 to 19,600 dollar on December 16, 2017)
This time the price increased by only 1800% (from 3,400 dollar on December 7, 2018 to 64,800 dollar on April 14, 2021)

There's also the probablity that the 2021 bull run hasn't started yet.
Both 20,000 and 200,000 are possible.

Bitcoin is down below $30k now. I doubt that the bitcoin price will go down below $20k because that can make a mass panic among the people and the investors. Most people will not be ready if the price drops too significantly without stop and they will sell their bitcoin at a loss without thinking about investing in bitcoin again. Hopefully, the bitcoin price will not go down below $27k-$28k but if that is a break, the price can be somewhere at $23k-$25k and hopefully, that is the lowest price for bitcoin this year.

100%, absolutely, guaranteed.

Saying "Guaranteed" means you have proof that it really happened. It obvious that we are already on bearish season but there's a lot of strong support before we reach that 20,000$ price level. Knowing there's already big player who plays in crypto market, They might eat up all sell orders once the price reach deeper than the current price. Institution whales is very smart on manipulation, it will backfire to there current holdings once they let the price dip more than the price they accumulate. 20,000$ is accumulation price of institution investor.

There is a big support below $30K but because the worse isn't over yet, there's still the possibility of going that direction. But just I reckon those big companies who bought at above $30k price will still sell to buy back against at $20K so that's a big profit for them once the price goes up and for this to happen, there will be more bad news coming.

When at $20K the big companies will probably eat all BTC up, I've read an article on cointele that Rothschild & Co are interested to join. A company this big can buy all the existing coins.

Definitely not the same scenario. We are already in a bear market at $30,000. We used to have the same bear market at $10,000. Bitcoin's price is still growing despite all the countless bear markets, dumps, crashes, and deaths. In case of doubt, just zoom out and you will see that all these panic talks, sell offs, and losses are actually just tiny price fluctuations in Bitcoin's overall picture.

If we are approaching another long bear months, I am ready and willing to go through it once more.

I hope it won't be repeated like 2018 was a bear market for so long. we are still above ATH 2017.
if in the near future it can touch $20k maybe investors who are just entering the market will panic but I'm sure there are some whales who will take advantage of the momentum to buy more. I hope that scenario doesn't happen.

Yesterday we saw a decline in the price of bitcoin and also lost the support level of $30400. But now we're again at $30,600 and that's a positive thing. Right now if bitcoin doesn't break the resistance of $32,200 and dont confirms it as support then maybe we could go below $30k again.

I think it's different from 2018 and soon bitcoin will cross its all-time high. I mean it's just a temporary price dump.

Yep,pretty much the same scenario,except the Bitcoin price is 5 times bigger than the 2018 BTC price. ;D
There's no reason for panic and despair.The summer is usually a bearish season.Everything will be alright by the winter.
The simple fact,that altcoins are following the Bitcoin price again proves how useless they are.
The cryptocurrency market is just BITCOIN and hundreds of useless additions/extensions to Bitcoin,called altcoins.

Patterns do not necessarily repeat, I think, and we've seen it time and again. I do believe in cycles though, but these do not necessarily all happen in the exact same way or method as in the past.

But you're right, I do agree. If we get further declines and no good news, then even the bulls might wait back and let it all ride for a long time. They're patient, and in no rush to get to 100k.

Only weak hands will always panic during market crash or bearish run. For someone who has a long term perspective with Bitcoin, it's not something bothersome. In fact, If Bitcoin drops below $20,000 it is a golden opportunity to buy at a lower price again.
We see a lot of complains when Bitcoin was so expensive and now that the market crashed, these same people are so afraid to enter. The same goes for the weak hands.

IMO, there will be no similar pattern on the 2018 bearish market. This year is totally different. It's just normal for a market to come down after the long bullish run.

Everything is possible, so news like accepting first Bitcoin ETF, will make the price multiply several times within a short period, and testing levels such as $100,000 will be for certain hours or days, but it will not continuous.
Remember, part of what happened in 2017 was for a short time.
The price could return to the levels of $70,000, but the question is when and whether it will double above that limit or not?

Yeah, lots of questions are going to pop up, specially about if the price is going to be sustainable to even reach $100k. I'm very positive person, but with the current state of the market movement, it really begs me to question if even we can get to a new all time high at least before the end of the year. There are tons of prediction that 6 digit can be reach, but it will take a lot of time and money to be poured on the market just to be able to reach $50k this year. In 2017, or early 2018 when the price is about to go down, people are shouting that there's no way that the price could go below $10k, but we have seen it happened.

We have been alarmed because Since yesterday the price of Bitcoin falls lower than 20,000 again and yeah this is another alarming situation as we are trying to keep the value above that.
But if we will look at the market now https://coinmarketcap.com/ Looks like a Little recovery is taking place as Bitcoin price now increased to almost 32,000 again and it may climbed back to 35,000 level in which what we are having for the last 2 months.

Bitcoin need break 32K level to break this current bearish market but my concern is the FUD cause by unlocking GBTC funds of Grayscale which will happened next week and the current price direction is not doing well before the real FUD impact on the crypto market. Much better to wait for the market trend direction after Grayscale unlock funds and avoid any high leverage position at this moment. Maybe we will see again 35K to 38k but after that is a disaster if ever the price didn't broke the 40K barrier for the last time.

Hopefully, with the price is back to $31k, it will be a good sign for bitcoin to increase and break the next high price.
Who knows, this week, the price can break by $32k, especially if there is good news coming to the market that can lift the price to rise higher.
But still, the last dump yesterday makes some traders panic and sell their bitcoin and buy back at a low price.
So congratulations to people who bought bitcoin at a low price yesterday because they now can sell their bitcoin and make a profit in the short term.
They can hold it and wait for more if they want, especially bitcoin price will increase so high in the future.

1 day bitcoin price dropped under $30k and everyone lost his mind and start panicking? I mentioned before in another topic that the price will bounce back to +$30k before the end of the week because simply it isn't profitable for miners, investors and many many people buying over $40-50k. Consolidation in the other side got enough time and the price might rise again at any moment, expect it to be by mid-August.

some prices are just gone for good and they will never repeat again. anything below $30k at this point is among those prices that we have said goodbye to so we will never see them again. in a month from now $3x,xxx is also going to join these numbers and people like OP will wish for it again.

Seeing a lot of negative news about bitcoin and crypto scam cases then I'm sure the bitcoin price will continue to fall and will be below $20k, but I'm sure the bitcoin price will skyrocket again in 2022, so we take advantage of the bitcoin drop moment to get big profits to come .

This time will be different because despite being bearish, the on-chain analysis are still bullish. Bitcoin will not go to as low as 20,000$. We can expect 50,000$ before it reaches 20K.

It's bound to happen but I don't know when is it just severe speculation experts say it will be this year soon? this scale is still going against the market even i don't see any surprising signs for the bulls to return, but i know bitcoin will definitely continue to reach highs on a large scale but it all takes the right time and the moment when we are ready with a lot of money in the market.

For me it will feel different between 2017/18 even this year the dumps won't hit the bottom before but they will be strong with enough demand too.

You only know the crypto world has its negatives but you don't know that the balance will create the positive and with the recent bad news of bitcoin, it will soon be offset by other good news to help bitcoin maintain its current value. In addition, an old trick to lower the value of bitcoin is an annual story but our investors have consulted everything about history and opportunity, capitalization is also spread, see no more opportunity to go down 20k$ again unless there is another historical event

Good for those who manage to cut their loses and buy back during the dip, they are now gaining some positive from their investments.

Tough call though as we understand that the market is so volatile and if you are not careful enough that wild dumping scenes may affect you and let you lose your money.

With people around that keeps panicking with the situations, it's always best to trust your judgements and keep working to enhance for more.

It will depend on the range you are talking about. At the moment it could be said that what happened in 2017/2018 has already happened or that, it is the scene we are watching already. In 2018, the price went from $20,000 to $4,000 and currently it has come down from $64k to around $30k, you can see the difference and that it has already happened. It also affecting the price of altcoins just like it deed in same circumstances.

It is too early to make that comparison, because the prices haven't bottomed out yet. Going by what we had in 2018 (and before that in 2014/15), it is very much possible that the prices can go down by 80% or more. That would mean the prices crashing to $10,000-$12,000 and staying there for a few months. But personally I believe that such a scenario doesn't have a great deal of probability, because from what I heard, institutions are already making their plans to make large purchases if the prices go down to 20K-25K range.

I only think it will fall into that price range if saylor's company (microstrategy) sells their bitcoin holdings which is not yet happening in the near future (they might be but not this year), and some fud's contribution.
While almost crypto price backs it feats now, going back to $32k isn't bad at all.

Bitcoin is about to go back up to around 35k maybe a little more from the discussions that elon musk has been having and his refreshing turn around on the importance of Bitcoin.

It is time everyone should ignore Elon Fucking Musk as he might have planned everything through before making these decisions, he pumped the market invested billions booked the profit and started trolling the market and dumped the market and now he is sugar coating about the market and i bet he might have invested multiple billions this time knowing he could book another huge profit in no time, sadly the market is following his trail.

since a lot of big companies are using Bitcoin then I'm not sure the price of BTC will fall below $ 20k...

24 hours ago the price of Bitcoin was below $30k but now the price is above $30k, the price of Bitcoin will always be volatile but positive news continues to emerge and hopefully, the discussion that Jack Dorsey and Elon Musk did today will make the Bitcoin price move positive.

Bitcoin has had a rebound, because all these days they have been giving bearish attacks but they have recovered, the bulls are having a very good reaction, especially when the price was below $ 30k, now many say that the price has recovered. price but still showing signs of weakness:

https://i.imgur.com/bPPyorT.png
Source: https://cointelegraph.com/news/price-analysis-7-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-7-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc)

Many say that if the downward movement occurs completely it could reach $ 20k, I do not think it will go down from there any more, the BTC bulls are not painted on the wall, I think that it will not even be able to reach $ 25k but will rise more .

Its not going to 20k this year if it goes to 20k I can see it going to 10k because it would cause panic selling which would destroy all the progress we have made in the last couple of months with exposure from celebrities promoting Bitcoin. There is more of a chance that Bitcoin hits above 35k in the next couple of months than it goes down to 20k

Personally expect a similar scenario to unfold.

Fact of the matter is that the investor sentiment across the market right now is incredibly bearish and unless there is some sort of catalyst to really overturn that (e.g. positive government regulation). Musk & Wood's conference did not really deliver the bullishness that I think a lot of people expected, which just reaffirms where we are now in the market cycle.

We are momentarily above $30k for now but that is not likely to hold itself for long imo. $20k is definitely possible.

Since he didn't say a certain time for $20k, I think it is no problem at all. Bitcoin price is possible to drop below $20k, but we don't know when. Except if Bitcoin price really hits $100k this year, then I am sure Bitcoin price to survive above $20k in the bearish season. However, this all is only a prediction and we don't know what really happens in Bitcoin price in the next few months.

below $20k? How is that possible that it can even break the current support which is 30k. And for me in my personal opinion. as what i noticed everyday in bitcoin, probably its impossible to go down more because everytime when it fluctuate it keep making small progress and at this moment it's happening again. Wherein i believe it will go below 20k only unless there's another negative news that can make a huge impact in the market . But without such things especially on this situation perhaps it's impossible. And lastly don't make comparison and stop insisting that the history itself will gonna happen again because right now its different mate..

I don't think so 2018 scenario happened again, we may seem to see price goes down $30k but eventually recovered back toward $31k lately. Based on every positive discussion on the group where I belong on social media, price will drop at third time before $100k will soon commence. There's no specific date but, what happened lately was the 3rd drop so let's wait for that predictions to exist sooner this year 2021.

The level of adoption is so huge this days compare to year 2018 so we shouldn't expect that we can see the same scenario at that year. Provably if bitcoin will go under 29k for sure it will be a shopping spree for whales since they see the potential is so huge and this can get more adoption to other country maybe this year or in 2022 Upwards. $100k target will be achievable soon so its good to be prepared when that time happen.

Actually just Broke that 32k earlier today https://coinmarketcap.com/currencies/bitcoin/ But drops again multiple times every hour at least .
If this will maintain that Level then we had already surpassed the bear market now.
There are some force that really wanted to bring the price to below 20,000$ so they can Bag more of the coins and then they will pump up to 40k , This has been given for long years now that those who spreads FUD are the people involving in buying more when the dumping succeed.
Hope that People now specially those small investors will find Strength and power to not let those manipulator wins again, They had been dominated this market for many years now, i think this time
we must show our power as small investors that having 1 stand and that is keeping HOLDING no matter what dumping they are planning.

Hopefully, this increase does not make them greedy and want to get bigger profit because we do not know if the price can still increase.
We need to be ready for anything that can happen to bitcoin, including if the price suddenly goes down to $30k.
Maybe it is better to cash out our profit first before the price is down because it seems the price does not increase to the higher price but is back to the $31k price.
The dump for the price can happen anytime, so you need to analyze what can happen and do not forget to make a strategy for the next things.

The support levels are quite strong at 29-30K. Look at what happened when Bitcoin dipped below the 30K mark. There was a buying spree and the prices soon recovered to $32,000. It looks like a number of whales and institutions are waiting for even lower prices, to accumulate BTC. If the prices start recovering (say to $40,000), then these guys will realize that their low targets are no longer possible. They will either purchase at higher prices, or may shelve their plans to buy Bitcoin. Anyway, the market conditions looks very conductive for Bitcoin.

bitcoin will last between $30,000 - $34,000. maybe in one week bitcoin will break through $ 40,000 again. do you still expect bitcoin to drop at $20,000 ?
bitcoin has been burnt enough by a large number of constitutional investors, I don't think bitcoin can go down again at $20,000.

Not sure this would have any real bad effect. Some other super CEO yesterday already said his big company (sorry, I hate to bring him up but it was plastered all over the news) has significant Bitcoin holdings and all that seemed to do was put BTC up a few percentages.

So agree, 32k isn't bad at all but maybe all these big holdings aren't as effective as we think.

God I hope that it does go down below 20k because I really want to buy a lot of it because I have a big payput incoming and I don't want that money to stagnate.

wrong , Not because we have fallen yesterday meaning that will continue dropping today , Now with 7% growth overnight?
maybe this is the start that we are all waiting , if the barricade at 35k broken then the start is ON and the train will run back again.
While we have the same prayer mate, yet i want to climb back first at atleast 40-50k before Dumping to below 20k .if that happens i will be gladly hold all my coins even till the next halving comes.

I never thought that this will ever happen again . Imagine from 64k ? that is an obvious super dump if happens.
The lowest this will take is about 25k and then stays at 30k level.

actually, I thought that the bitcoin price would hit $100k at the moment and never thought that the bitcoin price would drop near the $20k price. however, right now, the bitcoin price is so close to that price. well, now I see a big possibility that the bitcoin price could drop to that price. well, my only hope right now is to see the bitcoin price rise past $50k in the next month.

There's no continuous pump will happen and there's always dump after huge pump came so expect that there's a dump after bitcoin breals another ATH milestone but soon those target we predicted will provably reached since each year bitcoin brings good price upwards, if we cannot see it this year or maybe in next I believe we can see a snapshot of that price in next halving.

I think that such thing won't happen. I never expected the price to fall that much. I thought that maybe it could come closer to $25k but it didn't even happen too. From now on, I don't think that we'll see a big dump. It's time to start recovering slowly.

It is not on the wrong view if we are looking at the price of Bitcoin going deep so fast, and not yet showing any signs of reversal, and the expectation of the deep to be related to that of 2018, which was a very long deep for we all. But it is a new thing that the investors now where not as much as before, and the adoption of it now is much more than before. I am on the view that the cycle of this down trend could change at anytime and set target for new highs. This could be a move for new investors to come in to buy at these lows before the next big thing. Truly, this deep has really affected the altcoins in the market, but when the next bull run takes its start, the greens will show up again.

Me, too. But it is not impossible. Bitcoin price can drop significantly in the next bearish season, no one can guess how much. In my humble opinion, if there is no new ATH for BTC price in the upcoming months, it is very possible for Bitcoin price to drop again below $20,000. Note that we are not in the dip of bearish now, but Bitcoin already dropped below $30,000 several times. Can you imagine when it is in the bearish season and there will be huge negative issues about Bitcoin as well? Bitcoin price definitely will fall sharply.  

If bitcoin isn't able to breach $40k by the ongoing quarter of the year, then for sure we'll see bitcoin sitting on $20k. Maybe what I state is just an assumption, but there is more possible chances for it to happen. I believed the market to reach less than $30k, if happened and in a quote an user have mentioned Bitcoin won't stay stable above 10 consecutive days. Same as that Market behaved, maybe its a coincidence or can be precise prediction. In this way I believe the market will test $20k.

bitcoin won't sit at $20,000 that's a painful price for investors.
what makes you sure bitcoin will sit at $20,000 ? the chart is currently holding between $30,000 to $32,000. and it looks like the vehicle is advancing, it looks like bitcoin has fully refueled.
many investors will leave with a smile and enthusiasm.. looks like they will be rich in the 4th quarter of 2021..

It's not fully legalized in one country, just legal tender in one. It's fully legalized in a lot more countries than that and yes, I think it's a great step for Bitcoin but that's a long term game.

I do feel if we break 30k support again we could be in danger but on the plus side, breaking it but recovering fairly quickly each time could mean weakness on the bears.

It is correct, it is fully legalized in so many countries right now that 30k doesn't even sound that weird because we have seen even government officials investing into crypto right now, that is a good thing. For example, if you take a look at USA, they fully legalized it long time ago, they have a mayor (Miami) that wants to pay staff in bitcoin, they have coinbase fully IPO'd few months ago, and they are really doing amazing right now.

We have Germany that allowed banks to be doing crypto work as well and we had so many other nations as well, these are just the two huge news from huge countries that came to my mind but we probably reached to 50+ nations fully legalizing it by now. Long story short 30k+ only happened not because we just bought it, but because there were a lot more people who realized it is not something risky to invest and fully legal to invest.

When it was under $30k again, I was thinking like it could continue to decrease until reachind $25k. But I never thought that it would reach a level below $20k. And now, Bitcoin has a really good rally. It's over $30k again and even reached $34k. And I feel like this may continue until reaching at least $40k. This is just a prediction of course. I can never know what's going to happen.

I think it has something to do with the last meeting between Dorsey and Elon Musk where each one gave positive feedback on the future of Bitcoin and Elon Musk is very open in his support of Bitcoin now, the price is doing good in the market now I hope this brings back the confidence of investors to the market and hopefully it will reach $40k before the end of this year.

It is very obvious that support at $29K was very strong so far thus every effort by the price to break it proved abortive from Technical analysis point of view thus I don't the price will go down to $20K going by the price turn around in the few days ago which massive and this had really indicated that price of bitcoin is no longer heading to any $20K instead made a  u-turn and presently the price is likely heading to a major resistance at $36K this has put paid the speculation by the OP that the price will dump to $20K slowly the bulls are already taking over the market, the price action in next couple of days will reveal the overall market sentiments I am quite optimist that the present price upsurge will continue to trend bullishly thus ending a bearish season that started since mid May this year.

There's no definite answer to this but I personally don't think that it will go under 20k this time because I feel like the increase of institutional investors in recent years made the price floor much higher and I don't think that these institutional investors are going away anytime soon to lower the price floor.

looks like what you said could be true, there is no visible sign that leads to down again, the correction that has been made is quite large and currently the bitcoin price is quite stable with the current price. although there are ups and downs the range is only at #29K-$41K and no further movement. this has been done for a long time and indicates that bitcoin is comfortable with the current stable price.

the $20K price is not going to happen and it's precisely at prices that are fairly stable at the moment, preparing bitcoin for momentum to bounce back to reach renewable ATH by the end of the year. remember that the Halving effect that always occurs a year later at the end of the year has not been seen and we are waiting for it.

For now yes, the price seems to be going up again after going ~$30k last week. Now it's about $34k and continue its upward trend. But we are not yet out of the woods yet, any negative news that will come up will really affect the price right now, so its possible that it go down that low under extreme circumstances. We really need to get like $40k++ again so that the chances of going below $20k is very slim.

Still we have to see a little correction going forward, it doesn't mean it will be a bear but it will only return to the usual 30k figure it is the lowest point for several months, but indeed the negative trend of the news can affect it especially now it is still unstable at the moment going to pump but I believe it should be able to redeem 35k first to know if this will be a safe point or indeed reverse direction.

Indeed, this is still far for a more basic down opportunity, but we have to keep an eye on it to see how the market moves which will not happen, but 40k may be the point of interest for now.

The recent rise in the price of Bitcoin has convinced me that there is a possibility that Bitcoin may start to recover, and could return to above $40k.
Although it is possible that after Bitcoin reaches $35k, there will be a small correction first and after that it can go higher again. Let's hope that
in the next few days there will be no bad news, otherwise Bitcoin could go back down again. But if we look at the movement of Bitcoin in recent weeks,
it is very unlikely that the price of Bitcoin will drop below $20k.

No, bitcoin will not drop $20k yet but we already saw it trading at $29k, so it's a sign that it's possible to see $20k in the near future. Good thing the market is slowly recovering now, but it's still not enough to break to $40k as the news that resulted to this pump is not big enough, not enough to move the entire market significantly.

It is a assumption with nothing to back up your cases and is useless for what reason do you figure Bitcoin will hit 20k what are your explanations behind explicitly 20k?

It is possible that we could see sub $20k yet again but i did not understand why you think it is necessary to touch another all time high in the upcoming months, right now we are seeing a good support at $30k and as long as that support stands you do not need another all time high to sustain that support. One thing is certain that investors are jumping in whenever the price touches $30k and it is an indication that we might see another rally before a major crash but that does not mean we need to touch another all time high valuation.

Bitcoin did lose a lot of momentum after the first quarter of the year, and I think price has found some support which is its lowest low of the year, I don't see it breaching downwards to go as low as $20,000.
If you have been following price, we have seen some positives happening these past few days and you know when it comes to bitcoin when it's in a trending market this happens for some time, am just looking forward  to a bullish trending market maybe we can see $50k or $60k.

I think that the bottom of the May price drop in the cryptocurrency market has already passed and the predicted drop in the price of bitcoin to $ 20,000 will no longer exist. This is eloquently indicated by today's sharp rise in prices. Bitcoin climbed to $ 38,174 today, up nearly $ 4,000 overnight. It seems that it grows further, and all altcoins rise in price behind it. It seems that over the next few days, the price of bitcoin could exceed $ 40,000 and thereby open up room for further growth.

Say goodbye to the $20k level, nowadays facts prove that it is on a significant move on the upside, it's trying to hit $40k.
Regarding whether the scenario will be the same or not, it is not certain that it will be the same, because of course.. the various things could suddenly affect it.

I guess for now OP got his answer. With this push towards $40k, I would say it is almost impossible that we will see a Bitcoin price below $20k anytime soon. It is 100% impossible, but seriously it is highly unlikely. That would mean a drop around 50% from where we are now and I think the resistance will be way too strong for Bitcoin to go below that level.

We shall see soon as we have good news that resulted in the pump of bitcoin, bitcoin is currently trading at $38k now, from $29k last week I think, so it's a big improvement, and this news that came out today really help bitcoin to recover. Question is, can bitcoin break the resistance? we shall see in 24 hours from the date the news about amazon was published, if it will not, then the rumor is not reliable enough to convince people to invest.

As I’ve said before if we are able to sustain at the level of $35k we might be able to reach the price of $40k again and it happened. Bitcoin was able to rise again so there’s no deep bottom for Bitcoin for this year, below $20k is too much dump if ever. If you are still doubting Bitcoin, better to analyze the price history properly, don’t miss this opportunity again, take profit when necessary.

It turned out that unexpectedly the price of Bitcoin rose very quickly to $38k,  but now it looks like it has started to correct and dropped to
the price of $37k. If we look at the movement of Bitcoin in recent days, it is clear that it is experiencing an uptrend,  meaning that Bitcoin
will not go down to the price of $20k. Although actually when it dropped to $29k, I was a little worried the Bitcoin price would drop even lower,
luckily that didn't happen. I admit it's not easy for Bitcoin to rise above the $40k price, I hope that in the next few days there will be good news
that can push the Bitcoin price up to above $40k. We do have to often monitor the price of Bitcoin now, in order to predict where Bitcoin will move.

A few days back, we were talking whether Bitcoin will go below $20,000 or not, and yet yesterday we witnessed the exchange rates topping the $40,000 level. It is clear that the FUD was able to keep the prices suppressed for only a short period of time. The fair valuation for Bitcoin, considering the usage, acceptability and adoption is clearly above the $50,000 level. And we will witness that level, once this correction phase is over. A lot of the institutions were waiting for 20K level, in order to accumulate cheap Bitcoin. They will be forced to make purchases at higher levels now.

although currently the bitcoin price is in a stable state after going through a bad market the last few weeks, but I personally think that bitcoin's current condition has not improved and the possibility of a price decline could occur at any time and that's why we seem to be very it's hard to see bitcoin price reaching $70K in the near future and I think the bitcoin price will be volatile again in the next few months given the market situation that continues to be hit by negative sentiment.

Why is it different? There is no difference to the other times that this has happened a price correction seems like something that cannot be avoided after reaching a certain stage.

There's still a possibility that the prices could go down under 20k USD, there's still a lot of time for the market to reach that point and the current price isn't that far for it to go down below. I do hope that we won't see it anytime soon but if it does then we better have some money so we can buy at a discounted price.

The market behavior and direction of bitcoin is unpredictable, candle flexing can happen at any time.  Personally I am still bullish on bitcoin, short term resistances have been established ($37k is similarly strong support).  Today we are moving in a chart pattern.  This shows that a trend has formed.  $29k is the lowest this year as I guess it won't be possible to drop to $20k.  We have come out of the bear market from Fud china.  This is the most important reason.

No one can say for sure, I'm pretty sure it is.

The price of bitcoin can never be predicted with certainty and neither will its future. The price down after ATH has happened many time before and I don't think we are losing hope of seeing it go down again in the future. At the moment we may not see the price down to $20K immediately, but it is still possible in the future. Actually I didn't expect it to happen, but anyway nothing can prevent it from going up and down because it's a free market.

You contradict yourself you say that no one can be sure and then say you are pretty sure it is so which is it? The price of Bitcoin is a prediction game that no one wins at but there is a way to judge it and that is by looking at the historical prices after a ATH has been reached which has shown every time that a correction happens after.

It is hard to tell but if it would ever go down to that price again then we would really need to take advantage of it and buy as much as we could.
We have seen how the price could grow and I think if it ever goes that low again I think we could expect that the next ATH would be so high base on the past price movement,
Even though it would take another couple of years it would still be worth it.

Hopefully that fud from china already wiped out from the minds of those investors, and with the help of many institutional investors who are now inside this market, strong hands will manifest with the current value.

We might see more bullish if this current small drop got picked by newcomers who are also willing to take the long ride.

Still $29K is the lowest point and afterwards the value pumped back and bring investors and traders to a much better stats.

The scenario of today is different from yesterday, so don't worry and keep saving your crypto coins for our next halving that's coming anytime this year. Avoid FUD to hinder your plans in life, there's nothing good it provide to you but anxieties and worries.
Bitcoin market is always an unpredictable thing, specially when it attempts to rise then suddenly goes down. That made us uncomfortable right? Well of course that's a human feeling that we should overcome, so just be calm and easy before glorious day comes over us.

It's sure different but we might see the same bear market that we experience for a long period of time before, it's unpredictable but there's a pattern that we can follow. That's why I don't really think so bullish now, instead, every time the price dump, I'll always secure my assets by converting it to stable coins.

When the bitcoin price was around $29k I planned to buy when the price could drop to $25k, unfortunately that didn't happen so I bought when the price was $32k, even so I'm happy because the price continues to rise and I will hold it for the long term.

- I don't know if your intention depends on your analysis or some informative forecast but the nice price you offered, it's a nice price that I see quite a few groups predicting, besides, the price of $ 20k is also one of the prices that many people want to buy again, and when the price is expected by such a crowd, it just randomly won't come true or to be more precise, whales as profit and loss managers, they like to go against the crowd's expectations. They will correct only when the price zones that are being pressured by the crowd start to fal

For now I think Bitcoin will never go below 30k$ again, and maybe we will see the same scenario in last year 2018 but the price may different. See the price it has a big difference from 2018 which is very cheap and now it is currently high. However there is also a possibility that price will continue to rise so let us wait for good.

As of late bitcoin had broken the 30k barrier and is shooting for 45k. We still can't be complacent however as there is still a good amount of chance that the next few days show bearish signs and dump bitcoin back to 35k or even possibly 30k. At this point it's anybody's game now, and a booming news or update concerning bitcoin could definitely affect the price of bitcoin for the better. But one thing's certain at this point, there is a low possibility of a dump like the one that happened last 2018 happening again within this year. There's just so much fast movement from bitcoin nowadays that it's not likely for bitcoin to drop at such a low value. Never even knew much about the FUD incoming from China apart from the fact that they (as far as I know) are trying to eradicate any form of cryptocurrency activity within their borders. Thing is, it has already been established since day 1 that the Chinese Government isn't in good terms with cryptocurrency, and had made plans to thwart bitcoin's growth in the Chinese Population as early as 2018. So it's possible that people just got so fed up with China's BS that they paid no mind with whatever China's doing that concerns bitcoin because it will for sure be negative anyway.

Good for you, at least you have started to see profits when the price reaches $45,000. We just have a minor drop to $43,000, but still that is very strong price this month and just $20,000 of the last all time high. So very much we are still in the bullish sentiments no matter how we look at it. So with that said, I' not seeing the price going down below $20,000. A lot of support lines along that path that it's hard to see it bottoming to that levels.

Thinking about it, I think it's not the only bitcoin we can take advantage of, but we can also take advantage of the altcoin price drop caused when the bitcoin price drops below $20k.
it's just that, at the moment, there is no sign for the bitcoin price to drop any further. On the contrary, I think that this month, the bitcoin price could potentially have a price of $50k.

to be honest I'm not too optimistic if the price bitcoin no longer drops, currently the market conditions have not fully recovered so anything could happen suddenly if negative sentiment hits bitcoin again, but even so it looks like the price of bitcoin will not go down to $20K because in my opinion the strongest wall of bitcoin price this year is at the $30-$32K price level.

Everything can be, I will not be surprised at anything, because bitcoin fell to $ 3,500 in 2018, everyone said scams , and now it costs almost 45 thousand, so you can expect everything from bitcoin, both ups and sharp falls.

There were many people who were wishing to see Bitcoin price going down below $20k to accumulate even more. But the price didn't even come close to $20k. It went down to $29k the least. After that, we know what's happened and happening recently.  ;D

When we were in the bear market, I was expecting to see the price going down to $25k the least so I was also surprised to see this sudden rise.

As expected there would  be neither those people who do create FUD  to make things go lower and there are some who had  just panicked on seeing the price is going down and having the impression that it would

go even lower into the floor without considering that a market wouldnt really just stay below the ground on a continuous basis since what comes down should really go up because thats how the market works.

Now we are playing 46k and tendency to hit up 50k once again after a very long of sideways movement on several  months.Lucky for those who had accumulated bitcoin when it hit that low of 28000+.

that scenario will continue to happen when bitcoin reaches a new ATH, I mean after reaching the next ATH there will be a tremendous price drop. but it seems that the price decline that occurred in the bear market this time was not as severe as in 2018-2020. bitcoin price fell not too far and recovered very quickly, I think a lot of people missed yesterday's $30k price.

Well, it doesn't matter if that anything is possible or not but what I'm seeing now is what happens last 2018 is impossible to happen again. Do some people say history repeats itself? Well, they have an opinion base on their experience but if we analyze the market now, that it looks like the chances are very slim. Look, the price is still high a few months after the ATH and if we compared last 2017, drops had come fast and it reaches straight to the bottom unlike what we have seen this time.

The possibility is still open but I think it's going to have a hard time going down that point because it's going to face some resistance at different points plus bitcoin is already at 40k USD and it's going to take some time before it goes down to 20k USD and even below it.

abuse, emerge, crumble, link, faith, nurse, action, job, plunge, monster, stumble, scanYou expect bitcoin to drop too low when the opportunity is in front of your eyes and you throw it away. but now you feel regret after you saw bitcoin price break through $45,000 in such a short time. will you wait for a second chance for bitcoin to fall or take the opportunity now to invest at the current price.

I know soon we will start seeing this type of post soon, I guess it didn't take long for them to start, this type of people are always in regret because they have refuse to recognise an opportunity when it was in front of them, btc was below 30k few weeks back but some people refuse to take advantage, some where even waiting for btc at 15k (maybe that will happen later) now btc has recovered and the regrets has started flowing.

As it is clearly seen now, it's not much probable to see Bitcoin price falling down below $20k in these days. It's much likely to go even higher than $46k in no time. This is a bull market or something like that happening right now. I wouldn't expect to see very low levels in a period like this.

$20k is indeed far from the horizon anymore. As btc goes up to 40k, it is now hard to go down to 20k level again. What we are hoping now is to see btc breaking the 50k. There are now more good news coming up from institutions and countries. And in this regard, it is showing that btc can very well survive without the intervention from the Chinese market. They may have had impact when they announced about banning of crypto miners but then again, btc rises up after such situation.

i doubt this will happen this year lol.

Bitcoin will never taste that below 20k again at least not this 2021 or even the next.

also remember that there are nearing the new halving in the next 3 years so it will be a climb again next few years.

Seems that my belief about bitcoin is true, it's now on the 40k territory again and the possibility of it going down under 20k USD is just a getting more and more impossible as the prices go up. You're requirements is already met so it seems that we get to see bitcoin go up again and not go down to what many expected it to be.

It eventually turned out that your speculation or prediction was wrong with the current price movement. And one sweet thing about the current rise in Cryptocurrency price is that it is natural as no influencer like Elon Musk made a hype to cause the rise. I believe if this current price rise results into a bull run, it might eventually be longer than the one we experienced until few months ago.

i agree, i don't see bitcoin hitting 20k or under in this year but its sad, i really want it to go as low as 10k, buying at that price can put anyone in a very comfortable situation where he knows that getting back only to ATH can make him more than x6, but things are different now, bitcoin we'll keep that around $30k low price.

It is highly unlikely that Bitcoin will go below $20k becuase Institutional support is well in tact. Technically speaking as long as Bitcoin stays above 21 Weekly Moving average, it is in Bullish zone and it is highly probable that it will break previous ATH or even can go 100K. In case it goes below 21 weekyly MA  and breaks previos low of  29K then we can not predict where will be the Bottom and  BTC may crash like what happened in 2018.

At the moment, the market is very healthy. And we are moving towards 100k. Bitcoin is the only asset. Everyone buys with a slight reduction. that's why I don't think bitcoin will move like 2018 this time. the main reason for this is the arrival of new people in the bitcoin and many traders are seeing a different movement this time and if we go down it can not be less than 25k.

Yeah, the momentum has shift already, we are in a bullish signal, we did touch $28k before, but I think that will be lowest for this year.

As the price goes up and possible to hit $50k, we are moving further away from that $20k price, unless there will be an FUD that will put a dent on the market and put it to -50% again. But let's hope that it won't come and see the price goes to $50k and possible a new all time high this December. It's going to be a wild ride in the last quarter of this year.

A wild ride that will bring good benefits to all those believers who bought instead of selling their assets when the price dump down, there are traders who lose the same opportunities and now are trying to position their buy orders.

Market still bullish and it's still start of the week. There are many things that can happen while keeping your coins.

Be more positive as we see that the market is giving a good hint that there is more to come. The last time high is ain't over and
it possibly brings a new one before this year will end.

It's hard to predict bitcoin will fall below $20,000. Especially now that the movement of bitcoin's increase is very significant in the crypto market. But the better thing you can do is if the market is in a downward trend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price. The futures market does contain a very high risk. So, technical analysis is needed and precise to project where the price will move. For professional traders, the futures market is common, because the risk is directly proportional to the profit to be gained.

People who buy prices as low as that will certainly be very lucky because the moment now has gone up 2x from before, and we will not see it going low after the bulls come again to show that these signals will continue until the end of the year called the 4th quarter.

FUD coming for sure but I'm still not sure for the current market attack, but I also hope this won't happen in the near future and other investors will be stronger not to influence other FUD news.

At the beginning I was also skeptical about the PolyNetwork hack but in the end the hackers wanted to return the funds and this is good news too that the market will not be affected by it.

Right now the market conditions are starting to improve, so in my opinion for now the price of bitcoin will not fall below the price of $ 20K, and we can see if during the price decline that occurred in the last few weeks,  the strongest wall in bitcoin price was at $ 29-$ 30K, and when the price resistance was reached, I saw the bitcoin price reborn and increase again at that time.
I agree with what you said, even if the price of bitcoin fell to $20K, of course we should be able to take advantage of the situation to buy it.

Now we are at 46-47K, and the chances of going to 20K is very remote IMO. One thing I can say with 100% confidence - a lot of buyers are sitting on the fence (including those from institutions), and they are patiently waiting for an opportunity to accumulate coins at low rates. We saw this when the prices rapidly recovered rapidly from 28K to 45K in a matter of days. A lot of them were waiting for 20K to hoard coins, but that opportunity never came. I am waiting for the next move from them. They may go for the purchase before 50K, or they may wait for lower prices.

For this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

You are obviously wrong, bitcoin was already dumped below $30k this year, and that is coming from a new ATH which was at $63500, so it's not impossible to dump again coming from $46,000 which is the current price. IMO, if we like to be realistic, let's expect the unexpected.

Its not impossible, its highly unlikely given the ongoing easy monetary policy however its possible as a final low in the move overall which might be this year or beyond that.   I dont think it'll occur but it pays to be aware of possible swings, the crowd can turn.   If we drained all speculative money out of BTC, the tide would go out and the landscape resemble something quite different to how we view things right now.
   If we got Federal interest rates back to 5% we'd be in entirely different times and probably altered base prices for many asset types.  I say 5% because that is the very long term norm and we are living in zero gravity right now comparatively but sure sub 20k is not going to happen afaik.

This topic was started on July 20 which means that the price was nearly under 30k and that is why there was a scare that the price would fall down, I understand it because the price went under 30k for the first time in a while, it peaked over 60k before it did something like that and I believe that there was a good case to be made for the price to go down.

However we all know what happened after that, hindsight is 20/20 and I understand why we can think that it will not go under 30k ever again, not just these days, we may never see under 30k ever again in history, however back in those days we have seen under 30k and the scare to see under 20k was very real, I felt that too, I wasn't scared about it because I like it when it goes down, it allows me to buy more but that doesn't mean that we knew it would go up neither. Thankfully it is doing a lot better now.

Expecting the unexpected is the reality with most of the small scale cryptocurrency hodlers and the new users who are with plans to get into the market. Based on the market movements happened throughout the year till now there is chance of price getting dumped. On the other hand governments are making better policies to allow crypto usage. Probably that will not let the market down anytime. From the polling it is good to see majority doesn't believe on price falling low to $20k.

We have never expected this bullish run to come again and the same thing that we can never expect for a huge dump as well. So it is right, "expect the unexpected" is the only way to get prepared for anything that happens in the next few days.
If the current momentum will able to continue until the next quarter, reaching for another ATH is quite possible but of course, we can't expect that be going to happen especially when there are FUDs coming out.

There was a combination of multiple factors, which made Bitcoin to dip below $30,000 level. I don't think that it is going to repeat in the near future. The slide started with the tweets from Elon Musk, and got aggravated due to the potential lawsuit on Binance and the mining ban in China. But then, the recovery also occurred very soon. The pace at which the prices recovered confirms that there is still a lot of demand in the market and the big players are waiting in order to accumulate the coins at affordable prices.

Given the massive moves we are experiencing in the short term Bitcoin price, things are getting very foamy. I think we are going to have a big price correction in Bitcoin. Because I think BTC could drop to $30,000 to $20,000, which would be a 50% drop.

I also think that with so many FUDs popping up, the price of bitcoin hasn't dropped more than $25k. right now, it looks like the community of bitcoin holders is much stronger than ever. As far as I'm concerned, while the FUD kept coming, the bitcoin price bottomed out at $28k, and after that it went through a slow recovery. Even today price of bitcoin much stronger after the dump.
there may be a number of factors I can think of that could have made the bitcoin price drop to that extent, but it's unlikely that will happen. Besides, if the bitcoin price drops quickly to below $25k, I think it will cause panic and make the bitcoin price fall to $20k more quickly.

50% drop has already happened after the ATH. What more are you looking for? A sharp correction might not going to happen as Btc is currently in a recovery period. Btc has overcome a bearish-like $30,000 level from the past couple of months. Most likely Btc will be hovering around the $40,000 level this month.
No signs of bearish market sentiments yet as everyone in crypto space has been very bullish and optimistic for the $50,000 strong resistance.

Bitcoin has strong support at $30k level and unlikely to touch that level again, if Bitcoin touches that level again I think the price will bounce back. China fud also no longer has a major influence to decline market up movements, also Amazon's clarification rejecting the rumors that blow also does not stop the Bitcoin price growth rate in the market lately. So I think this year is different from the previous market habits, will be so many surprises next i guess.

I have no reason to think the market will go below 20k.  Even if it's FUD, not to mention looking at this year we have loads of upside possibilities for bitcoin, I can imagine bitcoin hitting $100k what it would be like and similar altcoins  how relevant.  we always have new faith, Taproot, Bitcoin Lightning, El Salvado… i believe we will go up from this $44k correction.  Otherwise, it's more of a conspiracy.  Lol

My negative outlook has us below weekly average and probably the trend for prior weeks, I dont know it'll especially sell massively but just watching with a bias towards seeing price weaker.
https://talkimg.com/images/2023/06/12/Ayw5f.png
  This is the Euro price but equates to the rough picture for dollar and other currencies, 42k in Dollars is perhaps a fair downside target for now.   Not sure we'd go as far as the 50 day average, that would match lows for August so far and is not that negative overall either.  Right this moment price is moving positively upwards from recent low, need to judge the strength of this bounce back.

In my opinion, if the market really goes crazy and bitcoin's price hits $60,000 to $100,000, which is where a similar big drop in 2018 might follow.

Most likely this will happen again this year, if you see the current market conditions are so out of control, let alone many investors are trying to enter into the scenario pattern in 2018, this will repeat the time when bitcoin slumped to a bad value.

Likewise with Altcoins, they are very much determined by the current market conditions, if it really happens, then altcoins will also get a big effect from the recession, I think this will be a special concern for developers, if 2018 doesn't want to happen again in 2018 this.

I don't think that Bitcoin again go down $20k. Because Bitcoin popularity and demand increase day by day among all the people in the world. Day by day more new people hear about Bitcoin and start investing their money on it. For this reason this price going to increase. Price can decreasing some but never get down under 20k $.

Unlikely to happen for now since the price is just too far apart from 20k that it might not be worth waiting for to happen. Although there's still chances that it can happen, 2018 happened so I don't think it's completely out of the realm of possibility.

For now does not look that it might fall back again to 20k as well the lowest which has fallen is 30k for this year where it was the best time to buy it. And in matter of some time only btc has now reached to 48k and waiting for the 50k again which will be an incredible mark for this year as it has bounced back well after reaching high of 60k+ to down by 30k and back again at closer to 50k.

I'm not in the right capacity, but if we look at something to be based on the whole, bitcoin is now very good after experiencing bad times before, even today bitcoin has reached a new number from the previous figure.

I believe the current price will rise until the end of the year, I also like to be realistic, meaning that every statement I issue must be based on studies and research, even though what I said was ultimately wrong, it was based on previous studies and not all predictions were correct.

It takes at least 1 week for the bitcoin price to drop to such a level. I only follow daily price predictions and try to trade. Some of the best Bitcoin price signals are published by cryptogeek (https://cryptogeek.info/en/blog/bitcoin-price-prediction).

some time ago bitcoin had reached new ATH at the price of $60k and after that the price dropped by 50%. it didn't take long for bitcoin to recover and now the bitcoin price is on a positive trend. meaning that before a price decline such as 2018-2020 bitcoin must penetrate ATH which is much higher than before. maybe in the $200k - $250k price range.

It is possible that bitcoin will drop below $20k, but not for now. I think this year is still a Bullrun year for bitcoin and altcoins. If a scenario like 2018 happens again, then it will happen in 2022. So the end of the Bullrun happens in December. This is just my personal opinion

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