Bitcoin Forum

What did you think can be the lowest price of bitcoin in 2021 from June to December. The price of bitcoin has been within $30,000 and $35,000 for long, if the price go beyond $35,000, it is not still passing $40,000. Now that the price is always very close to $30000, I am think it is possible for the price of bitcoin to go below $30000. Is it possible for the price of bitcoin to decrease beyond this level?

I think there are 4 situations that we could see from here:

Bearish:
Rally past 44k and then breakdown to 20k.
Just keep going down, breaking 30k once already means we could be in a good position for it to break down further.

Bullish:
Break the 28k mark and go down to 25k, at which point a lot of people try to buy in and push the price up into a new rally - potentially stabilising around 55-60k before shooting through.
Just keep going up and breaking out at 44k upwards. I think we've already seen a breakdown (potentially) in the current sideways pattern which means an up move is a bit more likely.

You might be better off using your own personal bias to drtermine whether you're bullish or bearish. I still consider we're in a bull market for at least a few months but we might just be on a slower plateau for it...

We can't predict to a certain level and everytime we're going to say it specifically, that doesn't come to a point that accurate figures will be meet. Only price I can point out the lowest before another swing will start, is $28k and there it goes a road towards $80k upward. There's still tolerance to consider, don't take it precisely because of volatile behavior.

It was always possible, with or without an intentional scenario to pull the price down.

Giving speculation on what will happen during the next 6 months doesn't really have an accurate answer even we will consult a professional analysis.

What we can do is to form our own speculation out from our own analysis thru our own factors and considerations.

The option of reaching a bottom below 20 thousand is excluded for many historical reasons, so I think that the range between 25 thousand to 28 thousand would be reasonable.
I wouldn't be surprised if you saw the price drop any further but it would be a very acceptable result.
So my exact estimate of the bottom will be around $27,000 by the end of this year.

Who cares?

I don't care about the price in 2021 or 2022 or 2023 or 2024 even 2025 but in 2026 the wife will be 70 I will be 69 and driving a 160 miles round trip to work on the mine maintenance will be pretty old.

So It better be 200k by 2026. I would be looking to retire by then.

There are a lot of scenarios and factors, well some mentioned it already. But an event that could change it positively or negatively can always be a factor. Remember how bad it is last year drop when the pandemic hits right? For sure everyone has been shocked by this and then bull run happened after that. In my opinion, also considering the historical information as well we can assume that bitcoin wouldnt go down below 27k as last support but only will rally until the price now and might eventually set another bull run or another tragic dump.

I may be overly optimistic, but I think that we've already had the bottom for this year.
However, as said, who cares? Especially as it's agreed that we're still in the bull market.
And no matter what, on the long term (~4 years) it will surely rise (too) big time, so we're just fine.

Price has already fallen 50%, there is no more dump left specially during the bull market if you look at the yearly charts. In fact the more realistic bottom where price would have been closer to intrinsic value should have been about $47k, the current price is still a reverse bubble and bubbles aren't known to become bigger than they can for both the regular kind and the reverse kind.

I'm an optimist too, and since I'm going long term, I don't care much about this sideways. What I do wonder is what would happen if for whatever reason the price goes below $20K. It would be breaking a historical trend, and there some predictive models would have to be rethought.

In any case, I don't think it will happen. I also think we've already hit the bottom and when the price goes up and breaks $40K again, we're going to $100K easy.

If you take a look at how much Bitcoin have fallen from it's last ATH, this current price will be considered as a bearish market. Bottom might be $30,000 and Bitcoin might not be falling back below $20,000. Nobody knows actually, but my prediction are based with Bitcoin's popularity and adoption today.
Nevertheless, the bottom from June to December doesn't matter anyway If you're not looking to make a good entry point. Some people are just too worried If Bitcoin will experience another dip, out of their mind it's infact a good entry point.

Well, it's not like the prices hasn't gone down much lower than 50% in the past so I don't think that it's going to stabilize below that, there's still a possibility that bitcoin will go much lower than what everyone might expect. There's no exact number where bitcoin mightget lower but there's still a likely chance that it will be more than just 50% as you've said.

in my personal opinion I'm not sure because on this current bitcoin become very unpredictable and stable wherein it always keep holding the price around 30k when it plunges, so it means it still have strong support.? As the matter of fact 29k is already tested since the hard declined but after that it didn't go there anymore and bitcoin keep maintaining the support.  If there's another negative news before this year end perhaps it's possible to lose support and keep decreasing.

Let me pick my crystal ball and I will tell you. ;D
Both scenarios are possible.The price might go below 30K or it might go above 40K.We just need some forces that will push the market to a certain direction.In the first case,we need FUD and some crypto whales selling their coins and creating panic selling.In the second case,we need some really positive news about a billionaire or a major corporation buying lots of Bitcoins and creating a FOMO wave on the BTC market.
The problem is that all the crypto whales and big company CEOs are on a vacation this summer,so they don't care about Bitcoin right now. ;D

True but price can't fall down a lot for no reason. If you look at all those cases where there were a big drop (like the 85% in 2018) there were always a solid reason for that drop.
- Any large drop such as the 30% to 35% is because of fast rises during the bull run and act as a correction.
- Any massive drop such as 80%-85% is always because of the massive bubbles that shape and have to burst catastrophically.

What we have right now is the first type, a correction during a bull run due to a fast rise so there is no logical reason for 50% drop that we currently have let alone for a bigger one.

I think the keyword here is that we are still in the bullish phase although the price seems to go down -50% at some point. So much lower than that then we could be really seeing bearish cycle. But it ain't, price is still on the consolidating phase, pretty much boring for the majority, but still a good sign that the bull run for this year is not yet done. And with that said, I don't think that we are going to see $20k anytime soon. We may have reach the bottom of this phase from a super fast rally in the last 5 months.

The diff dump from 25.04 to 14.? which will soon be to 13.9 is an historical trend that has been broken.

This is new territory.

MY btc mine is earning almost 2x the coin it was in may with no gear expansion.
My btc mine is earning  almost the exact amount of fiat if I were to cash the btc as I was in may.

For any gear owner that has paid off gear this is still bull. A paid off s17 makes 50 x 29cent or 14.50 usd a day power is 60kwatts or 6 dollars at 10 cent power that is 14.5-6 = 9.50 a day

he can sell 7.50 of the coin. pay the power pocket 1.50 and hodl 7 usd worth of coin.

The market is holding together due this happening. (my guess)

For instance I can hodl 1 btc in this address

https://www.blockchain.com/btc/address/12M8G8N48u1DqFqFUVh7N2axGFWSLh16Pk


as long as I want and simply cash the rest of the coins.

My worries are not about price dropping to 20k they are about the diff and where it goes for the next 2 months.

I only guess with instinct ;D

If the bitcoin price is going down and break $30k or $25k, it will still go down until $20k and maybe that can be the lowest price for bitcoin from June to December 2021. But that is only my guess and I do not know if that will really happen or not but hopefully, that will not happen this month or next month. You can always analyze more to find how much the lowest price of bitcoin to set your target buy price.

At this point, any major negative news can bring down the price below $30k, and just a $10k change in one day isn’t something we haven’t seen many times before - so I wouldn’t be at all surprised to touch a new bottom. The thing is that many bet that it will happen, but in my opinion, as time goes on they have less and less chance of it, because if China mining ban + EM failed to do more damage, the question is is there anything more negative than that?


I also think that this will not happen, and that the price will go up in Q4 as a result of halving and perhaps again increased interest from institutional players. One thing is for sure, the price cannot remain so stable for a long time - and I believe we will find out in which direction it will go in a month or two.

prices bitcoin already touch 29k at the end of past month june , the support 29k is like 30k , the next support is 25k , there is different probabilities for the future of prices bitcoin , prices can stable between current prices and 40k or prices will tradable under 30k this mean 20k and  27k , the traders have talk about two trend bear and bull market , no one know the future of prices bitcoin for short term or next 6 month , buying when prices fall is better than buying expensive but it is very dificul to find an exact bottom

the possibility that the large number of bitcoin withdrawals to hard wallets makes the price of bitcoin even more difficult to predict. some options are being considered if they break the $40,000 upper price line at the end of the year, or even break the $30,000 bottom line. what is certain is that when everything shows below $30,000 it means we are in a bear market which will last a long time.

Yes or No or Maybe!

There's no man on this world that could tell you the precise thing that would happen ahead because everything is unpredictable.You wouldnt know on what comes next in price.

To think that there would be lots of unexpected events that might happen along the way neither it could affect on positive way or would affect it negatively and if you've been here on this

market for a while then you are already aware on how it behaves and how it do reacts whenever there are news or sentiments that floats around.

Everyone jokes about how nobody knows what price will be, however we can at least assume something right? I am not saying that it will happen that way but it is definitely looking like we could assume price going up, or you could just assume it may go down as well it is all up to you. Nobody tells you to find the exact price of bitcoins lowest point, nobody can do that, we do not have the power to see the future, if I knew that I would sell my house and buy bitcoin at the lowest point and get super rich.

However making assumptions are part of the "speculation" topics, we are in the speculation part of crypto and I believe it is definitely reasonable to just make some predictions here, doesn't have to be correct, doesn't have to be right, just make a prediction if you think it will do X or Y. I believe it will go up and we have seen the price at lowest already, but I might be wrong, that is only my prediction.

First of all, I don't expect the price to fall below $20k in any condition. I think that those days have already been left behind. But I'm pretty sure that we will see a price less than $29k soon. It's just preparing for it as it seems.

The history of the lowest bitcoin price decline since reaching ATH last April at the price of $28k and if the price continues to fall then my prediction is below $25k, there is no definite prediction even though it connects the price history of one or several years ago but the certainty of the price of bitcoin has scored ATH from year to year.

Everything is possible, this is bitcoin that we are talking about, in my opinion the lower price that we could see is 20k and if for some reason it went below that then all bets are off as we will be in very dangerous territory and the crash could be unprecedented on its magnitude, at least in the recent history of bitcoin, however I do not think there is a lot of chances for this to happen and instead we are going to see a recovery and a new bull market at the end of the year.

I think the lowest price we will see in this year will be $25k. Now it continues to decrease. And when it goes down below $31k, I'm expecting to see levels between $25k and $30k also. And this time I think it will continue to fall until reaching $25k. And then, it'll be the last station. I hope to see the price starting to increase quickly again. And it could even mean that the end of this bear market.

If my memory serves me right, $28k is the the bottom that we've seen. So I would say for now that will be the price and I doubt that we will go down to $25k.

We are in the period of consolidation, and usually around this cycle, the price are not going down so hard or any flash crash. It's just it will go on a sideway patterns for quite a long time. Before eventually break out runs to $40k-$50k. A lot of positive things can still happen this year, so I'm still optimistic, we just have to be a little patience.

I do believe that after we broke down under 28k we could see as low as 20k, not just 25k because there is a huge resistance there but the 25k is not that huge which means it depends on the type of fall we have, maybe we will have a huge fall that will change everything or maybe we will have a small one and if it is small then 25k can hold it but if it is huge then 20k could probably happen a lot easier.

What I believe is 20k because even if we have a small drop to 25k then we will retest that level again and again until we break it because it is such an easy one to break. But that is only if we are doing bad, I believe that we will not be doing bad and instead we will be doing a lot better than people expect, we will not drop under 30k again for a long time, that is what I believe will happen, but I could be wrong and maybe it will fall who knows?

Elon Musk and Dorsey will have a meeting and there's news of El Salvador using Bitcoin as their legal tender two news that can help Bitcoin avoid going down the $30k level, this is the best time to invest because I don't think the price will go down further we have reached the floor price it's now time for Bitcoin to move forward, and it will start next month.

I didn't remember the exact price that bitcoin hits in lowest so far but I believe that it is lower than $30,000 so we could possibly say in a safe speculation that bitcoin price may go down than $29,000 or any amount can be possible but so far what we have observe in the market is the strong resistance of bitcoin market price between $30,000-$35,000. But I am very much positive that bitcoin can be in a all time high again, maybe a great comback from a sit back is expected.

I also don't really remember what the lowest Bitcoin price was this year, because it's never been a long time for Bitcoin to fall below $30k.
Over the past few months Bitcoin has stabilized above $30k, and this isn't too bad actually. Although we are all disappointed, every time
Bitcoin will pass the $40k price it always fails. Maybe Bitcoin does need a lot of good news, to trigger the Bitcoin price to return to the ATH price again.
The most important thing is that we just focus on collecting as much Bitcoin as we can, because when the price goes up we can enjoy big profits.

This is actually good opportunity for those who are waiting for bitcoin to go down.
Remember, when btc attained the ATH this year, reaching about $64k+ level, some people were wishing they should have bought when it was still low.
And now is also a good time to accumulate more, if you do believe that the btc price will soar again in the very near future.
Don't wait again for the time that you will say, I should have bought it when it was in the 30k level.
But definitely, that's your choice, no one should be obliged buying their own btc stash.

Bitcoin at $29k once again can possibly happen before bouncing back towards $60k this year, beyond that point that's another huge trend to be awaited. However, it's too difficult to predict when you don't see any good progress as price kept remaining at $30k-$35k brackets. I am hoping to witness another attempt so I could project nearly accurate.

In my opinion when looking at price movements from a period of one week, two weeks, to one month... I think the $30k point is the lowest. if the price movement continues to be in this pattern, I think the possibility of falling beyond this level is very small, well, but after all, everything can still be affected by new effects such as news that can affect the minds of many people in their investment and trading efforts.

It seems that I would rather predict the highest rather than the lowest. It is bad vibes to me to think of how low Bitcoin could fall in 2021 when the year actually started with so much positivity and ATH. But this is the reality. The price is always rising and falling. I think it is possible that Bitcoin's price is going to fall below $30,000. But I think it is such a highly valued position that supporters would most likely protect it. If in case $30,000 cannot hold it any longer, I am seeing Bitcoin falling all the way down to $28,000 or even lower. That's going to be a bad day.

You need to understand that the lower that Bitcoin goes the lower the chances of it breaking ATH in the near future. If $30K holds there is a good chance we might get to $64K ATH before the end of the year.

But if it has a nasty crash to like $12K then sure it’s a great buying opportunity however you will need to hold that position open for a few years before we even get close to $50k or so.

So I am not overly bearish and don’t expect something like $12k however we had a bearish weekly close and we might get another run at the $28K support.

Bitcoin had already fall bellow 30k mate and here's the record

0d Low / 30d High   
$28,893.62 /
$36,542.11

That is at least 2,000 dollars lower from the price now.

imagine for the last 30 days the highest value of bitcoin is 36,000 ?

I think we can make that same level Until december comes.

Probably a 30k or a 28k max, I don't really think that bitcoin will be going down much further than that in the coming months since there's a strong speculation that the prices will go to a 100k by the end of the year or the next year.

Anything is possible with Bitcoin. Either way, these are the 2 scenarios that I'm thinking for a long time since the start of the crash weeks ago.

1. Bitcoin is moving sideways from around $30,000 - $40,000 for weeks already showing that it is moving sideways and the bulls and bears are competing with each other here. Now if Bitcoin breaks the $30,000 price and went and stayed below that price for quite some time that another support that we see is the $28,000 price and if breaks that 2nd support then the chances of the bear market increases significantly. This is the bad news :D.
2. Bitcoin is moving sideways from around $30,000 - $40,000 for weeks already showing that it is moving sideways and the bulls and bears are competing with each other here. Now if Bitcoin breaks the $35,000 price then it will try and break the $40,000 price resistance and if goes beyond that price then holders will be happy :D. All of the investors who bought at the bottom will be happy because of the profits that they got. This is the good news.

What will be the lowest price?? It might be $30,000 but still I don't know and we don't know what might happen. We might see it going below up to $20,000 (hope will not happen).

The important group is not the holders but all those who have already sold their bitcoins and have been waiting patiently for a month to buy back after receiving a buy signal. Most of them are the panic sellers or weak hands. When price shows the reversal signs there will be a huge panic buying that will create a strong upward momentum. This is why I believe $70k can be reached in a week or two after the reversal.
It is also evident from the lack of panic sells in the past month despite a lot of attempts to create panic in the market. Price even went below $30k for an hour but due to lack of panic sellers the manipulators failed and lost a lot of money.

It's hard to predict exactly what will be the lowest price of bitcoin from June to December 2021. On the other hand it is VERY easy to KNOW what will have been the highest price of bitcoin from June to December 2021; and the answer is ~$41k. At this point we have enough data to know for certain that the price between June and December will not be higher than ~$41k.

Bitcoin has been sideways at 30k$ for the past 2 months. Hopefully there won't be any more major negative news. otherwise I think the 30k$ support will be broken.

Low transaction fees and low transaction volumes are a very bearish signal. Now that the world is done destroying itself and the government is no longer murdering people for going outside, people realize they would rather have an actual mansion than a mansion in Decentraland. This "crypto" bull run was made possible by endless money printing and people that had nothing better to do. With both of these factors becoming milder, a retracement back to $10,000 is inevitable.

It's now been broken unfortunately, currently at $29k'ish, but I do hope that we can maintain that support again otherwise we can go to $28k-$25k worst. Let's see how it goes in the next 4 hours. It will be critical as we are just in the start of the week and a lot of things can happen before the week ends.

I'm looking at any negative news bad so far I can't find any to explain why the market goes down today. Maybe it was still the effect of GBTC unlocking.

Looking at the charts , to be honest it ain't looking pretty!

Just how bad you might ask , well I have seen some charts suggest we could be heading for support below $20k some have gone as far as $9000 its really scary...

As of today bitcoin is trading below $30,000 and am hoping this isn't a blood bath for the markets we need to see some rally to the upside, but for my trades am selling till $27k

By looking with the red market, still hanging with $29K after breaking that $30K barrier. There's no information

just like what you just said, I'm also looking for some news that bringing this market down, it's just the start

of the week, there are lots of possibilities maybe more fall or something good to hype up the price.

I remember when Bitcoin hit ATH a few months ago, some people expected Bitcoin to correct, because they don't want to buy Bitcoin at peak prices.
But once the price of Bitcoin has now dropped, these people become hesitant to buy Bitcoin. Because they were worried the Bitcoin price would
drop even lower, we should not have such thoughts, because such thoughts only miss our chance to make profit from Bitcoin. Therefore it is
very important to learn to analyze the market properly, so we know when the time is right to enter. And according to my analysis now is a very good
time to buy Bitcoin.

Right now the situation is not looking good, the price is going down and this is because the markets in general are going down so people are afraid and are selling their coins, and it seems this could continue for some time as I do not see this changing soon as the main reason the markets are going down is the delta strain of the virus and there is nothing that can be done during the short term to increase the vaccination rate so this strain does not spread, and the markets are reacting to that.