Bitcoin Forum

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Why think negatively? instead of thinking how deep it could be, let's think the positive of how high bitcoin will be after 5 years. Well, I've just realized that there's still a good thing with your question of how much would be the highest low by that time.

The halving is about to happen within the next 3 years and I'm assuming that we'll never see $30k as the lowest by that time IMHO.

You arent different into those people who had been saying on bitcoin would to below 10k or going below back to $0 or does simply tells about bitcoins failure.

Why you people are really minding off much about absolute bottom? This had been a question since the beginning of this market because price is way too unpredictable

Therefore, its a bit no point on keeping yourself finding the bottom and just wait for that moment if you can eventually deal with the price on possible support bottom price
which you can make out some buyback and then sell later on if it hits the target in terms of gains.

If we're in bear market now, the bottom would be at around $20k. It wouldn't make any sense to return to $10k or lower, that would mean that all the recent adoptions were for nothing. If the bull market will resume, obviously the bottom will be higher. Generally Bitcoin goes through 80% correction from the top of the bull market to its bottom, but if this time the top won't be sky high compared to the start, then maybe this correction will also not be so dramatic, maybe 50-60%.

This is an interesting predictions that would exist for the future of bitcoin, and we can't even say an exact figure because of volatile market that kept happening every now and then. As I've seen the recent market, it has touched below $50k again but the resistance is trying to make it harder to go down easily. It's too difficult, because most holders tried to prevent themselves from having weak hands and they still trusted bitcoin to soar for another ATH this year.

5 years? That's a long time mate, really hard to see what could be the bottom.


To find the bottom we need to see what will be the absolute ceiling price, 6 digits? Then I wouldn't say that $30,000 will be the floor price here. And I don't think that bitcoin will fair 'forever', it has existed for the last 10 years and will continue. We might not see the last bitcoin being mine, but for the next 3 halvings, we might see the top price.

How do you measure Bitcoin's success? Only through its price value?

What if in 5 years' time Bitcoin is only $20,000 but majority of ordinary markets, stores, restaurants, spas, pubs, barbershops, etc where people go every single day are already accepting it as payment? Or what if Bitcoin has gone down to $10,000 and yet 90% of the world's population is already using it? Or what if Bitcoin has already lost all fiat value because fiat has gone worthless and Bitcoin is only measured in terms of satoshis? Are we to declare Bitcoin as failure?

Don't make too much expectation for this downfall mate because it can't help.. And honestly seems your just like those who's spreading fools prediction or a FUD despite of the declined ,, why not make a technical analysis first before doing this? Because for sure it will change the point of view that you have right now.
Indeed bitcoin is a very strong asset in this crypto world so how come it will end up like this especially after all the massive improvements? this is just a temporary situation like what always happen mate..

That's what I want to say too, I think that they are making a big deal out of it not knowing that the more we talk about it, the more we are going to see it go down. Not to mention that Elon didn't dump Tesla's bitcoin, they just suspended bitcoin payments.

Concerning bitcoin's price, one thing's for sure — most people end up getting totally surprised with how bitcoin performs(regardless if downwards or upwards). Hence why there's a reason that the DCA strategy is one of the most recommended buying strategies, and NOT timing buys/sells.

Always remember that there is incident that can make the market shaken like what we have last year.

- PANDEMIC or other related situation that can make market value very bad.

For me, the best scenario is we will not able to see the lowest price reached of Bitcoin from the last bear run, which is below $4,000.
In short, the 90% correction from the previous all-time-high of around $60,000 is now impossible for me. The market is now different from previous years, volume is different now, adoption is different now.

There's no exact bottom we can assume since it always depend on situation. Maybe we cannot see more deeper on what you though since many are waiting to accumulate at the dip and that could possibly be a support for bitcoin to not go more lower.


That's decent prediction and this figure is what I think the deep we might possibly reach. But if price will go more it doesn't mean that bitcoin will fail forever since we see more worse than that and bitcoin recovers from huge disaster.

How would you know that if it falls lower than 30k that it is going to fail forever? Do you have any evidences or facts to support the idea that it will fail when it goes lower than what you expected to be the lowest bar? I don't think that we will know what's going to be the absolute bottom of the prices until we arrive to that point.

Are you late in buying, or failed to take the opportunity to buy Bitcoin at $5000 last year, the whole community is talking about all-time highs and lowest dip this year, very few people talk about the lowest dip next year or even the next five years, it's very hard to predict what's going to happen next year, much more for the next five years, we'll just take anything that's coming.

I guess $15k.. actually, we will never know and we don't know if bitcoin has already reached its ATH as it's possible it will again pump and make a  new ATH. All we can do now is carefully observed the market, once it falls and it will result in a bear market, then eventually we will see how people will panic which would result in a very low price.

If we will base in the past bull run, we could reach $10k when the bear season comes IMO.

I believe at this point we are not going to go under 20k that I can say, maybe it will not go under 30k too who knows but I am pretty sure it will not go under 20k and that is the absolutely bottom for me. It means if bitcoin price ever drops to anything under 25k and above 20k, I will probably use every single thing I own, sell them and then buy bitcoin.

I know that is against rule number one of investment; do not put money you can't afford to lose, however I am so certain that if it becomes anything between 20k-25k levels that would actually be something I would be more than happy to risk, I know that it could go 50k+ again and that means if I buy at anywhere under 25k I will make more than 2x profit from it. Combine with the fact that everything I own worths a decent amount and the x2+ of that worths even a lot more, that would make my life very easy.

We don't know what will happen in the future, bitcoin is actually moving faster and we never thought it would be that low when it reached a higher ATH and each adoption could certainly affect other things where bitcoin could last a long time.
Large enough market capitalists with a few institutions can also influence more quickly so I don't think it will be lower what many people expect.
In the next 5 years the development will be faster and this will make it even faster.

the absolute bottom is as it has always been at $0.

the bottom of the short term dips is only predictable if we are in a bear market and the price is moving in an expected direction (down). in which case there are some technical analysis that can help.
other times when we are in a bull market and there is a dip there is no way to predict what the bottom of it is going to be. the size of them are usually between 10% to 40% and they can last between a couple of days up to 2 months.

I do not know, this is a difficult topic, 30k could be a bottom that is true but in that case the all time high will need to at least get to 120k before we see such a low price, however if the current all time high is as high as we are going to go then I will say that at most we will see 40k and that will be it, since I do not see bitcoin crashing that much when we have some institutional investors protecting bitcoin and buying every time there is a single dip on the price.

We have seen crashes and bear markets plunging bitcoin to -80% of the ATH, so it might not be entirely different compared to the previous tops and bottoms. $15k would be, IMO, the absolute bottom this current term can get if we are to base it on previous price performance. Of course, it can go several ways so there is no certainty as to what the absolute bottom of this current term is—and we haven't even explored the highest it can get as there are still a lot of upside potential for btc albeit being stuck in $50k - $60k for weeks.

Theoretically, the bottom is $0. However, the likelihood of that happening now is very small. However, considering this is the speculation section, I would say we could potentially return to below 10,000. However, that doesn't mean the currency is done or dead by any means.

Despite what many people say, Bitcoin's success is judged based on its current exchange rate. That is just something we have to accept. Of course, Bitcoin is successful in many other factors, for example its proved that we don't need to rely on the banking system, and you safely, and effectively manage your own worth. Its also proved that you can have a system that people use all around the world, while still remaining decentralized. Its also proven that there are alternatives to the capitalist world we live in.

So, for many Bitcoin users particularly the ones which believe in the technology, rather than the ones that get hung up on the price Bitcoin has, and will always be successful for building the foundation that is has. However, in the eyes of the general population, and news sources the current value is the only thing that matters when talking about Bitcoin.

It cant really be precise and no one could ever predict on how far we would able to go down this is why its always been a hard question in regards to this where is the bottom or what price is the peak.
The best thing to be done is to play on moving prices for your own advantage, yeah it might sounds risky but its very rewarding if you done it right and this will be varying on someones
skills and knowledge when they do trade and we know that not all people would really be similar into that manner.

I would not bet, there's really no one can tell on the bottom five years from now, the market is very dynamic and no one here is a good fortune teller to tell the price, not even a good speculator or trader can do that, we can only have a hint or insight for a few months, even the dip of the market is unpredictable.

I hope you are saying 30K and not 30.00$ because if it's 30 dollars either you are insane to even think that low. Bitcoin has changed too much from what it was 5-6 years ago. Only way it can go this low is if we found some vulnerability or problem in it's blockchain otherwise no reason that it would go so low ever. I think one should rather think of upwards. Yes, it's okay if you have to take an entry again for the price pump but if it goes to 30$ it's definitely never coming up again. 30K on the other hand seems to me as a good bottom. I think the bull run has actually ended and we are just trading around sideways finding the next bottom and 38k could be the first bottom after which btc might hover around this area for a year again.

OP, absolute bottom? It was ZERO. Hahaha. It’s not going back there again, but if you want the “absolute bottom” for the next bear cycle, we don’t know. Why? Because we don’t know the “absolute peak” for the current bull cycle. Bitcoin has just finished maybe HALF of the current bull cycle.

https://pbs.twimg.com/media/E1WUdVgXMAUnOrj?format=png&name=large

If peak is $500,000, absolute bottom would be double your absolute bottom. 8)

I don't want to speculate on the bottom of Bitcoin but if Bitcoin would keep on dipping it is OK so buy more, but I think this is just a correction or whales are doing it again, well let's not get negative on this dip because many holders really know what to do in this kind of situation, buy on the dip and sell on the rise of the value,

But if this is because of the weak hand that is selling then let's just be OK with it and buy more let's look at this dip as a chance to buy more.

Exactly, that's what I don't get with these people, getting scared that bitcoin is going down a double digit percentage and forgetting that the dip that bitcoin was the one they were wishing for back when it was still around the 4 digit prices. Absolute bottom in my opinion can only be confirmed after it has happened.

I would rather say it is a cycle in which bitcoin will go up at a high level and return to spin at the lowest level.
who will be stuck at the very high price and who will be lucky to buy at the lowest price. because the concept of marketing in a business like that, if it keeps on rising, fear that no one can have it and it falls at the lowest level, because there are no more buyers.

Failed forever???
You must have not seen a bear market before.


Anyway I think we're pretty much at the bottom now. I don't see a crypto winter coming, well maybe for all these pumped up useless altcoins, but not for Bitcoin. I think this is the case precisely because I believe Bitcoin has already been bottoming out the past 3 months, and will maybe continue to do so for another month or two. So I'd say $45k is roughly the absolute bottom, or maybe $40k just to be safe in case there is another massive round of FUD in the near future while Bitcoin is still low. I had another thread in which I said we'll never go under $50k again, basically it seems likely I was just about $5000 (or maybe $10,000) off in that statement.

All the Musk, energy, tether, bans, taxes, regulations, "bull market over", "bitcoin is old and slow", ponzi, bubble, pumping shitcoins, Grayscale, ethereum flippening, etc FUD in the world the past couple of months hasn't been able to drop the price below $45k, even while on-chain metrics say long term holders have been strong net sellers the past few months (though this just recently switched from negative to positive which of course is bullish and could signal Bitcoin will soon be coming off this $45k-$50k bottom). $40,000s seems to be the bottom unless the FUDsters and market manipulators can come up with something really extreme in the very near future.

that would make bitcoin a pump and dump.
what happens is that bitcoin has rises that are sometimes followed by a correction. there are also times like this that people panic sell and drop the price lower than the bottom of the correction.
the thing you are referring to only happens in cases of gigantic bubbles like if price had reached $0.5 million.

It is very unreasonable for me personally to speculate about some absolute bottom at a time when one man with one of his posts knocks down the price by as much as $10 000 - and to say that the price can't go lower than $45k or maybe $40k is in the same category as your speculation proved inaccurate in just a few days. You also ignore the OP asking for a period of as much as 5 years, and no one can know what will happen in the next 5 days - the biggest FUD master can announce the news that he has sold $1.5 billion worth of BTC - and I don't see how that wouldn't result in breaking your absolute bottom.

Absolutely bottom could happen eventually, however we are forgetting that we are above the prices we will never see again anyway, we just don't know about it. Like for example it has been nearly over 4 years since we were under 3k dollars, which means we haven't seen anything under 3k for a while but we didn't know about it when we first went over it.

So, maybe right now we have something like that again, or maybe we do not who knows. Last year in march of 2020 we have reached under 4k again for the last time, after that we have never seen that, and for a looong time now we haven't seen under 5k or 6k or even 10k dollars, I can keep going but it stops at around 20k because thats like just 8 months ago or so. It means maaaybe we reached the previous bottom and will never see that again but nobody realizes that, it is a very valuable and optimistic information.

The reason why that is a price that we will not see is that this bull market behaved completely different than the one we saw in the past, when we reached 20k during the bull run of 2017 we only stayed close to that price for a few days, while this time around we stayed close to the ATH of this bull run for weeks, this tells me this was not the top and if it was then the crash is not going to be as bad as the one we saw back then.

I just hope that this is the basis. however, current prices have fallen too far. In addition, bitcoin price ranges are still hovering at $ 43k to $ 45k. I expect $ 42k to be the lowest drop this month. other than that, I'd really like to see another $ 50k price at the end of this month. Well, I hold on to it, and try not to panic selling.

Will be below $42k by the end of the week. Will never be above $50k for a sustained period again.

5 years is such a long way to determine the bottom. The market are currently showing bearishness, we might be seeing the bottom this year or next. And I'm afraid $30,000 would be a little higher expectations. If Bitcoin falls below that, that means a good buying opportunity.
Remember, Bitcoin has never failed when it falls down to $3,000 after the almost $20,000 ATH in 2017.

Just 1 week passed and the Bitcoin price already reached the 5 years bottom?  ;D look at the price now https://coinmarketcap.com/currencies/bitcoin/

Bitcoin had drops to 30,000 level meaning the next 8k loss will fail your prediction.

I wonder that if another Big issue comes this week alone ? the value might drop down to 20,000 level and that's what i am waiting for lol.

To buy more and more from my USDT holding now because i was lucky to sell all my coins yesterday at 55k still.

It was in the news that Chinese regulators are trying to completely stop the use of cryptocurrencies.
There is no other reason behind it except for the divided investment in different cryptocurrencies that are popping out.
Memecoins, shitcoins, animal coins and a lot more without even a product to back up their projects.

Its expected and we have seen this before. An altcoin hype comes in and then someone throws a bad news about Bitcoin.
Value falls but it will likely go back in a few months or so. I'd be careful getting dragged by all this FUD's.

Well it can happen but we don't know what is the absolute bottom of bitcoin, that's why I said in my previous post that it can only be identified after the fact had happened. No matter what happens we just have to be ready what happens next.

The answer will be no one knows but you can still predict how deep bitcoin price will reach later. Bitcoin price is getting down again this day, and the price is still going down. Hopefully, it will not go down too far and the bitcoin price can rise slowly after reach the bottom. But it still a mystery to us about the bottom price because we never know what will happen to bitcoin. I hope there is no bad news coming at this moment because that can make the price jump down for more.

Looks like we did just get the big bottom of the market! $30,000 it was. 54% drop from high seems reasonable for the big bottom considering there was no blow-off top and their won't be a crypto winter but just a lull for a few months before the price we're pushing to new ATHs again.

I figured $40k would be the bottom, turned out it was $30k but it's finally in. The panic can stop now they we've hit bottom prices and fiercely bounced off as the bottom is rejected.

Its reasonable to say its hit various measures to indicate a harsh fall, that alone can cause people to close shorts and so on.    So 50 week average is (27.8k)  here and also a rough trend marking the most aggressive stance from the stop.

https://talkimg.com/images/2023/06/12/AJ0nP.png

This is only a rough sketch but I take it as reasonable anyway, weekly bars we broke the range held for months and then kept on rolling downhill.   We had a ton of speculators in the price whatever people might have thought about strong hands, people like profit and sell when its endangered quite a simple concept.    Since we got to close the 50 week average thats a good place to start to measure any strength or reaction, also watch 2 day average for a cease and desist to the offers.   Till its beaten 2 day average I dont think its begun any rise properly, its got to stabilize and probably this takes some time to do so.
30k to 20k is an area I will consider fair buy is some old note I'll stick to, I actually hope I get the chance to do that.

We all already know that BTC has fallen 15% more, roughly more than 35% than Peter Brandt at one point said, now the short-term analysis in this case suggests that it has downward pressure at all costs, however, it is not for that panic, you should be cautious and those who can buy in the fall would be a very smart move:

https://i.imgur.com/P7rHWCK.png

Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-19 (https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-19)

This is just a drop, it is normal in any market, I do not think this will go to the bottom, many are taking advantage of the huge FUD, but it is not to panic.

you made it mate! Bitcoin price fell to $ 30k, and now it has increased again and is trading at $ 38k,
indeed there are indications that it will decline again because the $ 40k resistance has not been exceeded in the 1 day Time Frame,
I myself am still monitoring, should I cut losses and buy back or hold again

Just looking at my portfolio and seeing the massive price drops all in red paint, it's just too much to take in for now am staying off the charts I can't take this any more...some of my coins are almost -50% in value. These are times you would wish cryptos were centralized to control these drops.

---

3years is a long time, and anything can happen before the halving , and if you say $30K won't see light when we approach it's, what happens if the halving find btc price trading below $30K??
I guess no one can see that far into the future!

 :)

The price of Bitcoin has fallen quite deeply now, so we shouldn't be in a rush to make a decision. But I do agree that the Bitcoin price may still
fall again, after several failed attempts to cross the resistance price of $ 40k. We'd better monitor in advance until the end of this week,
if Bitcoin continues to fall my advice is to cut loose and buy back at a low price. But the decision is yours alone, just follow the results of
the analysis that you have done. Because following other people's opinions in a situation like this is very risky.

as no one can tell you exactly what will happen in the market, one week or a month from now. what you can do, is do your own analysis of the market situation and your situation. how far can you hold or how much can you afford to lose in this market if the price continues to go down? no one can assess your situation but yourself.
it is indeed hard to decide based from others' opinions because we have different situations in our lives. so if you think it is the best route in your situation, take it. but take note, don't regret it later.

I am concerned too as I saw yesterday, the price is run to the lowest price and makes many people panic. You can cut losses and buy back at a low price, but you need to be careful because there is no guarantee to buy bitcoin at a low price. The price can still go down after we buy, so that needs more analysis to find a good time to enter the market. This moment will be unpredictable for us, making it difficult to find the time to buy back bitcoin.

Hopefully you're right, we just hit the price of $30k yesterday and this might be the bottom for this year trend but still the market is unpredictable and everything is possible to happen even the worst thing. A week after making this post, Bitcoin hit this price level hope that you save yourself from this downtrend because I didn't see this one coming, and I miss the chance to secure my profit.  :D

This guy...it seems like if we went to $20k he'd call it the true true bottom.

I don't think there was anything wrong with what he said. He seems to clearly say he *thinks* it could be the bottom, and I'm sure if we drop again he'll adjust it. He wasn't giving an ultimatum or even a prediction for the price. This is completely normal for anyone in this Speculation thread;)

We will have to see what happens from now on, there were a few minutes in which we even reached 30k for each coin, the price quickly recovered but now we are still below the 40k level and it seems it is going to take some time for the market to recover from this attack, however even if people are scared people should not get discouraged as even with the current drop I do not think the bull market is over which means that you could easily double your money in a few months if you invest now.

It's very hard to predict the future of such a volatile market, and all we can do is look at history for some insights, even though history might not repeat itself. The last time, Bitcoin was at the top in the middle of December 2017, and within two months, the price dropped to $8k. The dip with the price being less than $4k, however, came a year after the ATH point. This time around, the price was at the top throughout March and April and half of May (so it was 2.5 months at least, but arguably even longer if we count from BTC reaching $40k), and Bitcoin is 40% down vs the last time's 60% down point after two months. So clearly, things are happening slower this time. It should also be noted that IMO the price dropping to $4k was abnormal and caused by Craig pulling a lot of effort into this, so perhaps nothing like this will happen this time, and in that case, the dip will be reached in about a month, more or less, at which point the price will stabilize (give or take) and remain at around $25k for a year or longer. Of course, these are all just my assumptions based on what happened the last time, and they can prove to be very inaccurate because the past cannot predict the future.

Well, nobody really knows where the bottom is. So, most definitely you can either say the true true true bottom If it goes below $20,000 right?
Nevertheless, everyone is just speculating with how Bitcoin would react to news and price forecast.
However, Bitcoin has been moving sideways from $31,000 to $39,000 last couple of days, and there's still a huge possiblity that $30,000 isn't the bottom yet, before Bitcoin bounces back to $50,000+ or hit another ATH.

Indeed, no one knows at what price the true bottom of Bitcoin is, because the movement of Bitcoin is still difficult to predict.
But I hope Bitcoin will not drop below the $ 30k price, although there is a possibility that the Bitcoin price could drop below the $ 30k price.
If we look at Bitcoin it always fails to rise back above the $ 40k price. Hopefully in the near future there will be good news about Bitcoin,
so it can be a trigger for the Bitcoin price to rise.

Yeah, I want to see it play with 43-45k and maybe 3-6 months again with a stagnant movement.
IMO, that is a good thing if Bitcoin could withstand any FUD that will come out.
It's great that it recovers quickly from $36k - 440k then now back to $35k. I don't think the dump is yet over.
The only thing that prevents it from sliding in one big sweep are the hodlers which I think will play a big role in avoiding a massacre.

HODL guys or use this as a chance to enter the Bitcoin world. Who knows if it will double its price again.

I honestly hope that 30k was the bottom, but at the same time I feel like if we are going to recover then maybe dropping even more doesn't matter? I mean think about it this way, if we can end up with a decent amount of money right now, that means we are not going to want to go from here, we would want to go from lower. So which one would you prefer, go from 40k to 70k? Or go from 30k to 70k?

It means what should we want depends on what we will get, if we are going to not get any of those recovery high levels then I do not want to fall at all. What we can expect from bitcoin is that there is a true amount of companies who got into bitcoin and still in bitcoin and some of them are still buying as well, it is not like back in 2017 where it was just us and even the rich people were selling theirs (mt.gox trustee, jihan wu, craig wright etc etc) so that we were screwed, now we have rich people in the bull side and that is why I do not think that we will fall like those days.

Bitcoin is currently still struggling to get past the $ 40k resistance price, hopefully all of our hopes will be achieved, Bitcoin can recover to
a price of $ 43- $ 45 again. Although we must admit that the possibility of the dump is not over yet, if it turns out that in the near future
Bitcoin dumps back even deeper. My advice is that we all have to be patient and HODL the Bitcoin that we have, because Bitcoin will definitely
recover soon, that's something we must be  sure of. Even if we have extra money, we have to buy more Bitcoin, because if the Bitcoin is
recovered we can get double the profit.

All what we can do right now is to wait, things are extremely difficult, the market is moving in a weird way and it is unlikely things can remain this way for long, so sooner or later we will be given a signal by the market about the direction that it will take during the next weeks, if the price goes above the 40k level then this will be a clear signal that bitcoin will resume its upward movement but if it goes below 30k once again then there is the possibility the bear market has actually arrived.

optimism must always be awakened, although of course we must also be realistic in accepting the current reality, where the market is moving beyond expectations so far. who expect that there will be a sharp increase by the end of this year. but these past few weeks were surprised by a very deep correction and of course this is clear if seen not the behavior that has actually occurred it can be ascertained that there are external elements that make the market finally act negatively.

yes, agree with your opinion there is still a chance and we will see in the next few days whether there will be a decline below $30K or will it increase again to move past $40K. because this is the crucial price that will determine the next move.

but I'm still optimistic it's not over yet and there is still a long time until the end of the year still waiting for a movement to occur until the renewable price occurs.

For now that would be the absolute bottom of the market this year but a lot of things can happen in the next coming 7 months and we don't know if we will see another bottom or otherwise. I do hope that you are right that the prices really did bounced back for the better.

I am an optimistic at heart as well however we cannot deny that bitcoin can do anything and we will just have to accept it, the price is now at 37k and it is getting closer to 40k so I am confident that if we see bitcoin breaking that level during the next weeks then any chances for a bear market will drop down dramatically and we will see bitcoin once again going up in value, it is just that it is not going to be as easy as the bears still have everyone scared about the possibility of a second crash which is making the recovery even more difficult.

What makes you think that if BTC dips below a certain level, it will be done for forever?

That makes absolutely no sense to me. A lot of people said the same thing about BTC earlier - when it dipped below 5k during March 2020, there were a bunch of naysayers who touted the idea that BTC is not a store of value, is never going to return back to $20k, is never going to see widespread institutional adoption, etc. etc.

Yet, look what happened? Growth has been exponential and adoption has been insane. I think that it is entirely possible BTC will dip below $30k, or even $20k - but that has no bearing on its fundamentals whatsoever.

The analysis of BTC for many of the recognized magazines and pages give BTC as bearish, this really is what a large majority believe the market is and that it is likely that it will continue to fall in price, however, by supporting me in this article, they show the visions or possible scenarios of BTC, but experience has taught me that in the market the opposite of what the mass thinks can happen:

https://i.imgur.com/OCWirr5.png


and:


Source: https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-ada-xrp-doge-dot-uni-icp-bch (https://cointelegraph.com/news/price-analysis-5-31-btc-eth-bnb-ada-xrp-doge-dot-uni-icp-bch)

Even so I think that the bottom of BTC has already been touched at $ 30k and I do not think that it will fall further from there, I think that the next movement of BTC may be bullish.

Most of the time Bitcoin move to a different directions, It's against from how the indicators showed up, more on people's reactions and how they managed to handle all the risk that they are taking.

Personally, I'm hoping that $30K is the bottom and what we expect afterwards is another bullish momentum that will bring those investors in the table.

With slow bounce, a little step upwards is very crucial to attract more investors to bring investment to this market.

Before making a bold statement such as this, you have to consider the facts leading to the dump in price to that level. You can't expect a scenario when there are fud all over from banning of Bitcoin related activities to punishment been given to offenders caught and still expect Bitcoin to be performing well.

Obviously in situations like that the price of bitcoin will decline just for the time been and usually it bounces back bigger. You concluding that Bitcoin has failed at the moment it was trading below your estimated value would be wrong. Top assets falls but it's the potential of them raising back is what makes them perfect investment vehicle.

He is obviously wrong and we do not have to make too much of an effort to prove this, however this give us insight about his state of mind, it is likely the user you quote above is actually saying that if bitcoin went down below 30k then he will be done with bitcoin forever which means that from that point on it will not matter to him what bitcoin did as he will not come back to the market, when you read his comment in that way it makes more sense even if we do not agree with it.

If he plays the downwards movement smart he just tries to buy with a limited budget in predefined steps all the way down. I wouldn't think Bitcoin goes under $20k because there is just too much buzz around it and too much at stake with all the institutional investors that are now on board, but I can see Bitcoin hitting the 20s.
Would it harm Bitcoin in the long run? I would say no. Gold hasn't died either when it dropped dramatically and gold had ver volatile times.

Bitcoin goes down below $30k but at what price it will find the bottom?

I am tired when people raise their calling in bull run and change their minds with lower lows in bull market.

I believe the worst scenario is when Bitcoin falls to $20k to $21k but if I don't have money to buy that dip when it happens, I am fine and don't panic or regret. I will hold my Bitcoin and wait for the bounce to $50k. I don't want to lose my Bitcoin with the bet at $20k to $21k.

It is very possible bottom if Bitcoin crashes again.

Bitcoin won't reduce below the value of 30k,because bitcoin had huge amount of investors.If you compare this among the other coins in the cryptocurrency market.Being a experience traders,I request you to inverse in bitcoin as compare to other coin.The percentage of profit in bitcoin will be huge as compared to other coin.

If only somebody knows it 100% then he might be rich by now because he can predict the market with 100% accuracy.
I can say $30,000 is the current strong support by now and going below that price will start the bear market :).

If Bitcoin will go $30,000 then it might be the start of the bear market but it doesn't mean that Bitcoin will be failed forever. You are like one of those newbies saying that Bitcoin is dead or just saying negative things about it. There are many times that Bitcoin has been declared dead, Bitcoin has been thru ups and downs for the past 12 years but it isn't considered failed. Maybe as a currency it failed since it isn't been used for transactions that often because of the speed.

If I had to pick the lowest possible bottom, no matter how unlikely... I'd probably put it at $200/BTC.

Now, do I actually think it'll go that low? No, of course not. $200/BTC is a ridiculous number. Bitcoin prices have never dropped that steeply before. The worst bear market we've ever had was a 90% drop. More generally, the nadir of a bear market in BTC strongly resists crossing below the peak of the previous cycle's bull market; that would imply that $15k-$20k/BTC is a more "reasonable" floor.

But if we go beyond "reasonable" and into "possible at all"... consider the sentiment that followed the 2013 bubble. This was the first time a Bitcoin bull market made it into the local newspaper. This was the first time people were sounding the alarm in a serious way about the carbon footprint of PoW. The biggest Bitcoin exchange had just closed its doors after being "hacked" (and then revealed to have been a bucket shop). And then we had a year and a half of bear market before stabilizing at $250 - a downward trend longer than the project had ever seen before.

The argument against a $15k/BTC pricepoint is mostly based on technicals - it requires us to assume that numbers on a chart will move the way they moved before.

But the argument against a $150/BTC pricepoint is based on sentiment and fundamentals - it only fails if there's some type of news worse for Bitcoin than the news was in 2014-15, and I can't think of any news that would meet that standard without destroying the ability to transfer a bitcoin at all (in which case price would be meaningless).

So if you want the "absolute bottom" - the "lowest possible price", even if it's only barely plausible - then that's where I'd point.

Absolute bottom price for the year is to happen in the coming months. Possibly this time the price will go low to $20k. This can be of price manipulation from whales, or can be the gradual fall in the price. Everything happens over the cyclic pattern, and for the growth it has attained over the previous months there'll be a bear market.

We could do

20000/3900= 64000/12480

same ratios of peak in 2017 to min in 2020

gives us 12480


so under 12480 = WTF not 30000

It is a simply calculation and many things are changing. Things in 2017 to 2020 will be different than in 2021 to 2024.

Combine your simple math with chart, I think price from $13,000 to $21,000 are safe to buy dips. I know $13,000 and $21,000 are very different in price but that range is a safe zone to accumulate Bitcoin if for whatever reasons, Bitcoin dives like that.

$20,000 is a very strong support but I know it can be broken.

It seems 20k has a strong support and it will never go below that, as there are lot of institutional investment I even think 20k is lot to fall.

We can't tell it will not fall below that level, we must understand that part of the volatility of Bitcoin is it's movement that that sometimes disrupted by even a piece of small bad news, the market is doing great until a piece of bad news becomes viral and we are sometimes in our sleeping time while it happens and we just woke the market direction has changed.

$20,000 is way too sharp for a dip at this current market condition. $30,000 is the strong support, and Bitcoin might be consolidating for another bull market, or it could dive below $30,000.
Whichever way Bitcoin goes, the current price is good for accumulation. For those people who's looking for further dip to buy might start accumulating today. You might not see Bitcoin below $30,000 again.

I believe 30k is strong support as well but if a support is broken it is hard to go back above that level that quickly. Which means if we can manage to get the price under 30k there is a good chance that we will not see above 30k for a while, and in that case reaching as low as 20k will become possible.

This is why I am keeping my finger in the trigger, if I see it go down 1 dollar under 30k I will be selling all my coins and I will rebuy them at around 20k to 24k range, I still do not think that there is any chance we go under 20k, but the 30k price is way too close for comfort right now so I am not going to act as if that is not a possible situation, it is very well possible but it is just not expected there is a difference, I wouldn't say there is a high chance of it going under 30k, but there is a chance, even if small.

$30k is probably the bottom. Certainly a chance it breaks at some point and we see high $20,000s for a bit or maybe only very briefly, but very possible $30k holds. Basically if there is some sort of huge panic causing news I could see $30k breaking but I think it'd be bought back up pretty quickly. Without big time panic news I think it'll hold.

After initially hitting $30,000 a month ago and getting rejected it has only twice gotten back down to $31,000s. With whales accumulating and pushback on the false anti-bitcoin energy narrative gaining steam and Musk flip-flopping so much hiss tweets are becoming closer to just being noise, it's only a matter of time until getting back close to $30k gets harder and harder. All that plus the El Salvador news and that causing other small countries to start talking about doing the same thing, the directional momentum of the market is definitely gradually switching to the upside. But at long as Bitcoin is ranging at the bottom in the $30,000s, going under $30k it is still on the table, and i expect we'll have a couple more months of ranging.

Maybe $20k, but I don't expect a lower level than that. Because Bitcoin is at another level right now. Its price can't go down too low like in old times against FUDs I believe.

How can be you so sure that bitcoin price can't go below 30,000$. If it tried couple more times, the support at 30K would be broken.

Noting is impossible in bitcoin. Bitcoin can reach 20,000$ or 100,000$ and both of these targets seems impossible for now.

In any case, if the BTC price falls below 30k$ then it will probably go below 20k$ for sure. There is no strong support below 30k$ but that itself is great support right now. Bulls are not able to clear the 40k$ resistance so we are just going sideways in between. I will definitely wait for BTC to break the support and will invest when we can see stronger support otherwise I am happy with my positions.

I don't think price ofbitcoin falling below $30K is feasible based on past Price Action, there is a strong support at $33K to $34 which the price had tried to break after several attempts even today the price got rejected now, I beleive this is a bottom for buying and accumulating in fact buying at that zone and selling high will fetch some little profits, although bull taking over the market is not at sight now, the market is still in deep bearish sentiment which I believed is due to all the negative fundamental news which triggers massive dump as a result of FUDs.