Will Bitcoin go lower than 2k?

[lionheart78]

The market is full of surprises, it can go lower than 2k tomorrow or next week, but I think all of this is just a short term prices.  What matters is how and when Bitcoin will recover.  We have not seen much of the good news but nevertheless, it is the sellers decision if they want their Bitcoin to be sold at a price lower than how much they bought them.  If holders feels that it is ok to sell Bitcoin lower than $2k then it is inevitable.

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[CoinFoxs]

Bitcoin is the currency with maximum price fluctuation so technically it can/ may go to 2k$ or even 1k$ but as predicted by crypto-analyst it will go to 3k$ (the lowest price) because every 4 years it was seen that there is a crash of 80% happened with bitcoin price so bitcoin is already at lowest price of all time so I guess it will not go to less than 3k$.

[exstasie]

Of course not because it will cause chaos in the market and everyone will just leave the cryptocurrency market

I do not understand the logic behind this theory that many people have.it is probably the wrongest theory i have ever seen. if bitcoin is down to 3k from 20k how is it difficult for 2k , 1k or even 500$ ?

There is no limit of howl btc can go to, 1k is possible just as much as 20k. 

$20K was the beginning of a long term distribution cycle. We're a year into that cycle now, which is a very long time for Bitcoin. So time is one factor to consider here. Bear markets don't need to reach any price levels in particular. They just need time to play out.

Another consideration is the lower the market goes, the more coins it takes to keep pushing price down. Put another way, it takes a lot less $ to maintain the price at lower levels. At $3K, a dollar has much more buying power than at $20K.

$1K or $500 are certainly possible. They're probably just not too likely based on historical performance. The worst crash after a bubble was 2011 at nearly 94%. If we repeat that outcome the target would be ~$1,230.

[WinslowIII]

Bitcoin is the currency with maximum price fluctuation so technically it can/ may go to 2k$ or even 1k$ but as predicted by crypto-analyst it will go to 3k$ (the lowest price) because every 4 years it was seen that there is a crash of 80% happened with bitcoin price so bitcoin is already at lowest price of all time so I guess it will not go to less than 3k$.

What do you mean the bitcoin price is at it's lowest of all time? Up till early 2017 today's price is far higher than any price in bitcoin's history. This leaves a huge percentage of coins held by people in profit - assuming everyone holding coins prior to 2017 has already sold is a bad assumption. I bet the vast majority of coins held today would still be profitable for their holders if the price fell back to 3 digits.'
If all you are referring to is the drop from a recent high, that's not only an irrelevant and meaningless point, it's not even close to correct. In 2011 the price went to $32 then back to $2, a much larger drop than this one so far.

[bitbunnny]

It's so hard to make any prediction or speculation these days. We all have seen how unpredictible Bitcoin can be. This dump we are having now it's going on for a while and it could continue further. So, yes in theory it's possible for Bitcoin price to go even lower. At the moment I guess that supply is still higher than demand so there is space for price to go down.
Still I hope the price will not go lower than 3000$, that is also prediction of some analysts and that with next year it will start to recover.

[WinslowIII]

In the end, this market is purely about what people are willing to sell their bitcoins for. Once you run out of people selling for a loss, what you have left are people in profit. And if demand isn't there, the price will continue to drop until you reach the point nobody left is willing to sell at the current price. This could be very low because of all the years bitcoins were bought at insanely cheap prices compared to today.
It's all about use cases, and right now with the inability to scale, lack of retail adoption and horrid storage of value over the last year it's not looking very promising for this drop to stop anytime soon.
Simply looking at price trends expecting a recovery to new highs in a few years is not the smartest way to approach it. The focus should be on the use case of bitcoin now and in the future. It's hard to make a case for considering how poorly the network functioned during the peak activity a year ago.

[Ridwan Fauzi]

There is no hope, if cryptocurrency wants to go back up at least to the price of $ 5000 then there must be good news and make it happen, but if there is none, I'm sure bitcoin will decline again and even $ 2000, privously, bitcoin prices fell from $ 6500 to $ 4700 and a few moments later declined back to the price of $ 3200 some time ago.

[Bitcoinwaist]

we are at the mercy of the whales guys. they call the shots, always have and always will. all the exchanges are all just as corrupt for letting this behavior continue.

[gamer4156]

Surely it will be going lower than 2000$. Market trend is showing that in first week on January 2019, it will be touching 1500$ to 1800$. It will be eliminating scammers and part time investors and traders. It will be making new audience in 2019 with new incentives. Then it might go up to 10K$ again. It seems impossible that it will touch 20K$ again. P.S It is my perception, may be wrong or right. 

[WinslowIII]

we are at the mercy of the whales guys. they call the shots, always have and always will. all the exchanges are all just as corrupt for letting this behavior continue.

Bullshit, this is not whale manipulation. This is simply more supply than demand, that is all. People are free to dump their coins on the market at will and that's exactly what's happening.

[WinslowIII]

Surely it will be going lower than 2000$. Market trend is showing that in first week on January 2019, it will be touching 1500$ to 1800$. It will be eliminating scammers and part time investors and traders. It will be making new audience in 2019 with new incentives. Then it might go up to 10K$ again. It seems impossible that it will touch 20K$ again. P.S It is my perception, may be wrong or right.  

It's not impossible at all, in fact $100k or even higher is totally possible within a few years. What needs to happen though, as I keep repeating myself over and over, is the development of bitcoin needs to scale to much more transactions per second without taking hours/days to confirm and costing $20+ per trx.
I'm not the person to know if this is possible, lightning network seems to be limited to 2 parties who do business with each other all the time so a bunch of trxs can be added up to a single on chain trx, so it doesn't seem to be a solution for typcial peer to peer or retail to customer trxs, the type we need to scale. Are there any others being worked on? if not maybe just dumping, moving on and forgetting this thing called bitcoin is the best route at this point.

[Omega Weapon]

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

Forget about the ETF, if they ever approve it then you can begin to worry about what that will mean for the market of cryptocurrencies, about the other question I really do not think that is possible that bitcoin is going to touch the price of 2000 dollars, that seems like a price that is simply too low but the market can be very irrational and if people keep selling that price could be a possibility.

[hisuka]

we are at the mercy of the whales guys. they call the shots, always have and always will. all the exchanges are all just as corrupt for letting this behavior continue.

Bullshit, this is not whale manipulation. This is simply more supply than demand, that is all. People are free to dump their coins on the market at will and that's exactly what's happening.

Yes usually people sell at very low price and others aiming to buy at cheap price. Their is a need of good news in the market to increase of btc price. Were close to end of this year and nothing change on btc so it is possible to go lower to that price.

[jho0810]

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

Maybe will never know what will be happen because that news. We don't know what will be the effect of ETF postponing decision in the market. Much better to don't expect let's wait and see what will be happen.

[mikeywith]

I can tell you one thing for sure, that there is no place BTC can't go to. from a million $ to 0. everything is possible. but i rather take it 1 step at the time by using charts , i know many people think TA is bullshit, but it really what most people use to make decisions therefore many sell / buy at the same point creating both fomo and panic. so you need to watch the levels that traders are watching to act accordingly.

we first need to see the overall chart, bearish/down trend ! , it is always easier to keep moving in the same direction than changing to the other direction, so price tends to keep dropping until it does not. so we look at the potential areas of where btc could bounce from.

Levels of major supports

2700-3000$

1700-1900$

800-1200$

these are historical numbers that prices bounced from, so many buying positions as well as short SL sit around them, breaking each level will give more chances for price to go to the next lower level. so if we break below 2700$ then rest assure that we are very likely going to 1900$ and there will be no level of interset for major traders to buy anywhere in between as there is no Historical support there.

Next Resistance.

3700-3800$


4400-4500$


5500-5600$

as long as we are still above 2700 then the bulls are holding , the movement we close below 2700 rest assure the selling pressure will reach they sky.
same thing goes to breaking 3700, if we close above it, chances are we headed towards 4400$


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as an overall analysis of this current bear trend, the most support that makes sense is the high of 2014 which is 1100$ , the second option is 2700$. there support from 2700 to 1100 is rather weak and i do not it has any technical or physiological  reasons for a rebound from there, also there is a very good chance we remain in a side way market from 1 to 4k for another whole year before moving any higher. so be prepared for the worst.



 

[Dr.Osh]

maybe, when the price is dumped again, I think the price will be in the area of $ 2k. but, it seems like prices are starting to stabilize again. it's only a matter of time until the price of bitcoin starts to rise again. maybe when the price of bitcoin rises, the price will be above $ 4k, but if it decreases, I think it will be at $ 2k and no more.

[exstasie]

as an overall analysis of this current bear trend, the most support that makes sense is the high of 2014 which is 1100$ , the second option is 2700$. there support from 2700 to 1100 is rather weak and i do not it has any technical or physiological  reasons for a rebound from there, also there is a very good chance we remain in a side way market from 1 to 4k for another whole year before moving any higher. so be prepared for the worst.

There's a chance. I'm not sure it's a good chance. I'll wait to see if the $3K area fails. That was my ultimate target for this bear market many months ago, and I think it's as valid today as it was then. It's difficult to say where support lies below there, since there aren't many tested support levels until you reach the $1,300s and $1,100s.

One thing to remember is that markets love filling gaps. It won't necessarily go to a clear support level.

[arpon11]

https://www.coindesk.com/when-bitcoins-price-breaks-down-it-follows-a-pattern

Says that BTC might go down less than 2k is this possible and how fast will it go up?

I also saw that the ETF decision was postponed how long time do you guys think it will take for them to conclude a decision?

The reality about life is that everything is possible.  Having that rule out then we should look at the nature of cryptocurrencies and bitcoin in particular and how it price has been behaving.  Cryptocurrencies market is highly volatile and bitcoin can get to $2000 from the current price in just a day.  However,  it is also very possible that bitcoin should recover from it current state and resolve in a very high upwards movement in a day and more market capitals in just a day.  Trading cryptocurrencies market is very risky and making money from it is also very risky and that is why bitcoin should not be trading without carefulness.

[Golftech]

maybe, when the price is dumped again, I think the price will be in the area of $ 2k. but, it seems like prices are starting to stabilize again. it's only a matter of time until the price of bitcoin starts to rise again. maybe when the price of bitcoin rises, the price will be above $ 4k, but if it decreases, I think it will be at $ 2k and no more.

We are all waiting each time some movements happen to the entire market, we can't forecast the right directions that easily things needs to consider and just in case he value will drop to that level another opportunities for bagholders to buy and accumulate more cheap coins and wit for a while before pumping it back to their desire amount.

[Dodoymabs]

It's quite possible because nothing knows about the behavior of this coin. We still didn't see any signs of bounce back and as of the moment, it has been stable. Lots of crypto users have been worrying about this scenario because probably they have invested from the moment the price is high. Still the question remains to be unpredictable and the question is "can we handle the pressure?".