how low can it go

[timerland]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

I think that it can probably go as low as $6k again, which was the bottom for two previous dumps (one in early February, and one in March). That level seems to be the level with the most support right now, and I think prices would correct upwards once that zone is hit. But if you want a definite bottom, then I think prices can fall to a minimum of $5k.

I believe though that unless there is something majorly positive about bitcoin in the media that is able to reverse the overall sentiment of the market altogether, prices probably aren't going to be recovering in this quarter.

Late Q4 and next year are going to be the main bullish points to look at, not right now.

[mwaqar17]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Initially the price was not decreasing so much in fact it was increasing at the start of may, as on 5th of may it was 9890$ and it was the highest price from last 2 months and everyone was expecting that it will cross 10K but 9998 was the peak at the time.
No one knows what is going to happen next. This decline started from 20th of may and it has touched 7100$. We can hope only that it will be increasing soon in the month of June.

[uray]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.

[wuvdoll]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

It can actually go as low as it wants to go and basically, no one can actually tell how low, except time. I believe though that even if we are going to end up seeing a huge low, it should not be lower than $7000 and that would even be a pretty huge one to even expect at all. However, no guy here can tell you anything except for you to just accept whatever comes and look more at the long term because speculation will not solve anything except for you either missing out or making wrong and baseless decisions.

Bitcoin started showing some recovery and from this, we may have some hope to have better June month. As of now, I guess we do not need to worry on how much low bitcoin prices may go. But practically that would be a big search for many people here who are all looking to enter at possible lower price levels.

[BlueStackz]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

The current market is a red market and encouraged people to invest at this low rate will benefit them even in the start so as to make their selves able to get the huge benefit at the end as well.

The current market will soon shift into a green market and this will happen if its demand increases and more number of people be the part of this market. this will make conditions favorable for investors and for current time more number of people have to take benefit and to invest in this low market.

[cryptovally01]

It cannot be replied with proper date. Market improve right now or may not in this week. Future is uncertain. So, I think we should be careful in this issue.

[trako]

it anyone knows. just a team forecasts yapilabilir bunkonu find out more about. BTC falling. even long-term in place sayiyor. trade show on the bright a table yet. but optimistic be if BTC scholar to make a good opportunity.

[tomahawk9]

Bitcoin started showing some recovery and from this, we may have some hope to have better June month. As of now, I guess we do not need to worry on how much low bitcoin prices may go. But practically that would be a big search for many people here who are all looking to enter at possible lower price levels.

We're gonna have to wait a few more days to see if this is actually a recovery from the dip or just a small surge in the price before another drop. June doesn't look that exciting, the bearish sentiment is still strong in the current market, and there's nothing major going in that month that can trigger a strong upward movement. I expect some consolidation rather than a sudden spike in the price.

[followmenot]

Current situation in bitcoin makes me remember hearthstone card keeps saying "how long can this go on?" while mining sounds incoming. I think you shouldn't worry about time. It will end, its sure. Just stop thinking about it and keep mining & buying..

[Bagaji]

Well, one can not tell when exactly the price decline will stop and any thing can happen in the crypto market since the movement is determine the forces of demand and supply.

[Slow death]

Bitcoin price is now below 7,400$.

has been in this price for days and it seems to me that it is very difficult to raise the price.

Can you guys tell me how low it may go or we can hope that it may rise after this month.

no one can answer this question with absolute certainty and that pressure from governments is creating fear in investors.

Bank Shutout Forces Major Polish Crypto Exchange to Move to Malta

Austrian Financial Regulator Halts Operations of Crypto Mining Platform

have been like this for the whole semester of this year and this is creating fear in investors

[darewaller]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Do not worry too much about the short them variations in the price of bitcoin, are you a trader? Because if you are not then stop worrying about it, the price will recover at some point in the future, as with how low the price is going to go, we do not know when that is going to happen but we know it is going to happen at some point and when that happens you do not want to have fell victim of panic and sell your bitcoin as a result.

If he is even a trader and a professional one, he would not be asking such a question which makes me wonder what business he really has with how low bitcoin can go. The thing is that no one even knows, and all we have is the trend which even as traders, we simply follow, but with the way things have been so far, the long term should be the main focus of every investor and those who are more focused on the short term are going to always end up making wrong judgments.

[eth9888]

It will be the highest price which you think bitcoin cannot reach!

[Jerald]

I know why bitcoin prices are lower now because of the miners and investors who hold lots of bitcoins and sell them at high prices so decreased bitcoin value, and it is expected to return to the top some months are sure.

[onrise]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.

7k is the lowest at this point of time I feel it rest of them time can only tell unless some country start putting restriction then it might fell else things look good at the moment. Only small correction has happened and should be rising in 2nd half.

[omonuyak]

It is still possible for bitcoin to fall to below $7,000 though we are seeing little recovery lately.  I think we are not going to high or volatile price movement until a serious fundamentals issues happen and we should expect that from future event.

[lordmick]

Now I think that from current levels Bitcoin will go $8K& Then it may get $ 10K. But during next month it start to crash hardly till $ 3K, may be even lower.

[aardvark15]

It is still possible for bitcoin to fall to below $7,000 though we are seeing little recovery lately.  I think we are not going to high or volatile price movement until a serious fundamentals issues happen and we should expect that from future event.

The price could go down some more but the price seems to be leveling out some. I think it is starting to bottom out and we could soon see the recovery in full affect soon. The volatility seems to be smaller which is a potential indication that sell pressure is dropping. That’s when the buyers will begin to take over and we’ll see more buying than selling.

[surfinonmyownwavebaby]

Well if you listen to John McAfee then by June's end we should be above 15k. I am not the optimistic although I think we will have a successful month and I myself have a target of above 10k by month's end.

[wxa7115]

Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.

Do not worry too much about the short them variations in the price of bitcoin, are you a trader? Because if you are not then stop worrying about it, the price will recover at some point in the future, as with how low the price is going to go, we do not know when that is going to happen but we know it is going to happen at some point and when that happens you do not want to have fell victim of panic and sell your bitcoin as a result.

If he is even a trader and a professional one, he would not be asking such a question which makes me wonder what business he really has with how low bitcoin can go. The thing is that no one even knows, and all we have is the trend which even as traders, we simply follow, but with the way things have been so far, the long term should be the main focus of every investor and those who are more focused on the short term are going to always end up making wrong judgments.

You are correct but sometimes people just ask those kind of questions out of curiosity not understanding that it is impossible to answer those questions, some people will later claim that they were able to predict the exact bottom but even if they can prove it there are probably millions of predictions of when that is going to happen so some of those predictions are bound to be right.