How low will Bitcoin go?

[South Park]

This year there is very less chance of price dropping low than $30k. I have a personal opinion about the low bottom price of bitcoin. During the previous bull market the price took a forward move from the $5000 range. Once after reaching ath it dropped low to $5000 range. Same as that now we've seen the price of bitcoin reach $65k from the price around $20k. With this coincidence I believe the price to reach bottom $20k by the falling year.

A crash to 20k is possible but I do not think it is too likely, I think we are going to maintain the 30k level and at worst we will go below for a few hours before the price begins to recover which is exactly what we saw a week ago, the reason I think the 20k level is not going to be reached is that once again people are worried about the inflation and the pandemic that is still ongoing and when that happens people are looking for a store of value and right now the best store of value that we can hope to get is bitcoin which will most likely increase its price during the next months.

[Luqman]

I think we are going to maintain the 30k level

Bitcoin already maintains that level. Have you checked the current Bitcoin price on CoinGecko? It is already about $41,550. In the last 6 days (25-30), Bitcoin price already survived above $35k. Now, I assume Bitcoin will maintain $40k level. It is very possible, moreover if there will be good news related to Bitcoin or crypto as a whole in the upcoming days.

[South Park]

I think we are going to maintain the 30k level

Bitcoin already maintains that level. Have you checked the current Bitcoin price on CoinGecko? It is already about $41,550. In the last 6 days (25-30), Bitcoin price already survived above $35k. Now, I assume Bitcoin will maintain $40k level. It is very possible, moreover if there will be good news related to Bitcoin or crypto as a whole in the upcoming days.

I do check the price but I was talking about the resistance level which is clearly at the 30k mark, that level can be pierced by the price of bitcoin once in a while but I doubt that we are going to go below that level for a significant amount of time and that is because we have a lot of investors that are not willing to let the price to go that low as that will affect them and the huge holdings of bitcoin that they have at the moment.

[dataispower]

The support level currently has to be $25-30k that is when we  can say properly we have approached the bear cycle. You can see when it touched $27k if quickly rose back to $42k level and still dangling between there.

[romero121]

The ban from Chinese miners, statement from Elon Musk and different other things made the price of bitcoin crash. Further things started to move on the bullish side from the low bottom close to $29000. People expected for a $20k and even down. The market has shown good signs of growth and the same has happened within two weeks time. Maybe by 2022 we can see everything functional in a better way.

[macson]

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

bitcoin is very volatile but for bitcoin to go back to $20k i think it's already impossible.  see how bitcoin price a few days ago went up to $40k+ after dropping to $29k.  forever we will look to bitcoin price volatility but the price of btc is no longer possible to be below $20k.  ^{(btw, it's never too late to buy Bitcoin as long as the price is still under $100k imo)}

[LUCKMCFLY]

I think that the lowest that the price can go is $ 28k and that is the most bearish that can happen if the bulls allow it, although at the moment I do not think so, for now the interruption of the bullish trend has no long-term influence, because it is still apparent that it is bullish.

Many are waiting for the price to reach $ 100k, but some are beginning to ensure that it is close to touching $ 80k in the medium term, this article states:

Bitcoin’s uptrend noted a slight halt but consolidation was healthy in the long term. Calculating its highs and lows within a broadening wedge projected an upside of another 70% from the upper trend of the pattern, which would push BTC to the $80,000 leve

Source: https://ambcrypto.com/this-pattern-suggests-that-bitcoin-will-surge-to-this-level/

In the long term this scenario can occur, you just have to be patient, because in the short term things can become very bearish if the whales do not buy in the dip.

[yohananaomi]

-snip-

bitcoin is very volatile but for bitcoin to go back to $20k i think it's already impossible.  see how bitcoin price a few days ago went up to $40k+ after dropping to $29k.  forever we will look to bitcoin price volatility but the price of btc is no longer possible to be below $20k.  ^{(btw, it's never too late to buy Bitcoin as long as the price is still under $100k imo)}

agree with your opinion, if it will happen to go down to $ 20K then, when the correction occurs it will be unstoppable and will go down towards it, but bitcoin is still holding on and finally able to hold it from happening. this is the time when bitcoin is indeed in a stable state to wait for momentum to move back up at the end of the year and this is not impossible because the year-end halving effect in the first and second periods has proven that. I may agree that there is still a chance for those who want to hold bitcoin because there could be a fantastic ATH formed at the end of this year.

[DU18]

The ban from Chinese miners, statement from Elon Musk and different other things made the price of bitcoin crash. Further things started to move on the bullish side from the low bottom close to $29000. People expected for a $20k and even down. The market has shown good signs of growth and the same has happened within two weeks time. Maybe by 2022 we can see everything functional in a better way.

true, these two sentiments were quite a blow to the bitcoin price in the market, and it didn't take long for the bitcoin price to fall quite deeply due to the two negative news, but fortunately the bitcoin price had a strong wall at the price of $28-30K at the time, so the bitcoin price did not fall too far from its highest price, but it seems that in the last week the price of bitcoin has started to slowly increase and hopefully the price will continue to strengthen and we can see new ATH will be created again later.

[Abiky]

The ban from Chinese miners, statement from Elon Musk and different other things made the price of bitcoin crash. Further things started to move on the bullish side from the low bottom close to $29000. People expected for a $20k and even down. The market has shown good signs of growth and the same has happened within two weeks time. Maybe by 2022 we can see everything functional in a better way.

Many negative events in the mainstream world made Bitcoin's price to go all the way down drain. It's yet the time where Bitcoin is struggling to achieve a new ATH. The lowest Bitcoin can go is $30k, based on this year's performance. After the next halving, Bitcoin will never go back to being as cheap as it is right now. Mainstream media, governments, and central banks will try to destroy Bitcoin, but they'll fail altogether. Bitcoin will become much more valuable in the future, so the best thing you can do is buy more coins while they're cheap before it's too late. Just my thoughts

[asrinur]

I think the downward trend in Bitcoin price is not over yet. In the short term, the price of bitcoin still has the potential to fall around 20-40% from its current position before it will reverse higher.

Everything will become possible in crypto but I don't certainly think that Bitcoin will ever dump below $10k again. $10k-$20k might be the possible bear price for Bitcoin, which will be 50-60% versus the current price today. Honestly, I'd never seen a huge dump come to happen when there is no panic selling has been made. Most of us are now learning from the past, now the majority are able to manage their emotions and keep calm unlike the previous years.

Therefore, for now you can make short-term trades, you can sell because the price will still be corrected, then you can wait until the bitcoin price drops to re-enter.

Either a short-term or long-term trades, we still have to think wisely and never go along with the negative insights as this was the reason why many become a victim of fake news and FOMO.

Of course, trading in crypto must have sufficient knowledge and also need patience because if we get carried away by emotions when we see market conditions go down then we will also lose money. So what someone who trades cryptocurrencies really needs is not to panic and do more detailed research.

[StreakW]

I think the price of Bitcoin will continue to rise in 2021, and I project the price of Bitcoin to reach $55k by the end of this year. My advice for those of you who want to enter is still very good to enter now by buying regularly rather than buying a lot at once. Conversely, those of you who want to sell must also be disciplined in the targets you set.