How low will BTC reach?

[gusnips]

How low will BTC price reach?
Just to know what you guys think

[Anphonsus]

I would say 7k and then bounce back, otherwise 5k. Because if it can go down to 6k, it won't stop there. 5k is the last stand and I believe it will hold.

[trecore4]

The current situation of the bitcoin market in the China and around the globe has changed speculation very dramatically. I believe that bitcoin will reach to prices of 5-6k and will play around it for long time. The lowered prices is actually opportunity for many investors so it might happen that they will put big money at this low and thus will keep the balance of in flow of money into it. The net result would be little stability for sometime as almost more than half of crypto investors will be investing money and slowly people who are selling the BTC will drop in number. So we might just expect it to drop by 2 k more but it won't go below that point for sure.

[u9y42]

I would say 7k and then bounce back, otherwise 5k. Because if it can go down to 6k, it won't stop there. 5k is the last stand and I believe it will hold.

I agree. I don't think we stopped on the $6k range for long on the (rocket propelled) way up, so there probably won't be a lot of support there - assuming we break below $7k psychological, which I hope we won't.

[renes]

Everyone predicts the bottom is $6K but after touching $6k, I think we will touch also $4k this year, because I think in 2018, there will be only bear market.

[bitcoinvamp]

How low will BTC price reach?
Just to know what you guys think

I think it could go down to 5000$ but not below that and would be stable for a period of time which leave a huge opportunity for the people to buy bitcoins and wait for the price to increase and enjoy the profit. But this requires patience as the price is not gonna increase too rapidly.

[Cashew]

I put 6k because it was the highest option. Frankly I have no idea of how low it will go, but rather in how much time it will bounce back, which is, I am sure, before the end of the year.

[gusnips]

Fair enought, I should have added 7+k to the list

[gusnips]

added 7k+ to the list

[Indra32]

How low will BTC price reach?
Just to know what you guys think

it might be possible to go back to the point where bitcoin starts because nothing is impossible, even lower than that price.

[gordeevaar]

There is no fixed amount. Issue is everyone is scared seeing the huge drop in last two months. We need lot of people to invest to see more demand.

[SonoCoin]

4.5k

[gusnips]

It's 6k already so no need for 7k anymore 

[n691309]

How low will BTC price reach?
Just to know what you guys think

6.500 USD will be the lowest value of bitcoin in the market this month. And will reach more than double before the month of February ends. after that, we can see bitcoin to be back on track and be reaching the highest value before until March of this year. And this coin will have the milestone of 40.000 USD before the year ends.

[chukaday]

$5555 is the magic number for me, any lower and I don't feel extremely confident anymore. Would still be confident in Bitcoin and cryptos overall but some confidence would surely be shaken up.

[shushanika]

In my opinion, we can expect it to go by $6000 levels. The prices have gone done because of a lot of bad news related to Bitcoins. For instance, Indian media recently reported that India is going to ban Bitcoins completely in India.

[Swanson]

at this moment BTC is already below 7000$. I think this is not all the surprises that we will see. even some experts are already pessimistic. if it will go under 5000$ we can see something really horrible.

[chrisrok]

everything below 5k would suprise me a lot. It is definitely not going under the price of 1k, so I think the worst case is somewhere between 5k-1k.. Everything below 5k is a good entry in my opinion.

[Lecam]

How low will BTC price reach?
Just to know what you guys think

It actually depends if people will not stop on panic selling. Panic selling doesn't do anything good because you will just incur losses, you will just contribute to the price dip because panic selling creates a chain reaction. I am sure that bitcoin will not always go down, somewhere within this year all market prices will recover. So, just relax and stop panicking.

[gusnips]

everything below 5k would suprise me a lot. It is definitely not going under the price of 1k, so I think the worst case is somewhere between 5k-1k.. Everything below 5k is a good entry in my opinion.

Agreed