Will Bitcoin go lower than 2k?

[kryptqnick]

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?

This market is full of surprised and anything is possible. I was a strong believer that we won't see bitcoin below $5900 and yet here we are. I looked through the atricle but I don't really believe long-term price analysis, so I cannot say that it was convincing. Bitcoin might do down, but I hope that it won't. What I hate is that instead of providing neutral analysis of the situation, once the price drops even some of the most respectful news portals are concentrating on the negative and the potential of futher downward trend. This, in return, makes even more people break and sell their cryptos.

[burky155]

When i see this market condition i can say that the price go down to $2000 level easily. In last two months the fall couldn't stop and it got into very unpleasant way. Also if the price reaches $2000 level quickly the price can go like $1000 before the new year. If that happens with the panic sell the market can have biggest crush.

[cetald]

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?

According to technical analysis, bitcoin falls with a target of $3200. If there is no manipulation, then after such a fall, growth will follow. It's my opinion.

[darkangel11]

According to technical analysis, bitcoin falls with a target of $3200. If there is no manipulation, then after such a fall, growth will follow. It's my opinion.

TA is unreliable when it comes to predicting Bitcoin moves. There are as many predictions as there are analysts. For example most analysts that were called bearish were predicting 4800 when Bitcoin was at 10k USD. People were telling them that it won't go that low. I also thought that 6000 is the lowest it can get. And as we can see even those bearish analysts were wrong and we went below mining profitability.

[aizen10]

Even how hard this bitcoin price falls down, it will always go to start, i think the cycle is near to end because we all saw a huge/massive drops from weak hands, lets wait for the next generation massive adoption of crypto and we will see the big difference, because the existance of crypto is unstoppable.

[TheAndy500]

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?

If it's really going to drop to $2000, it would be better if it happened as soon as possible. The longer the bear market lasts, the longer we wait for the bull run. I hope that this will happen in December and in the new year, prices will start to grow ..

[1Referee]

If it's really going to drop to $2000, it would be better if it happened as soon as possible. The longer the bear market lasts, the longer we wait for the bull run. I hope that this will happen in December and in the new year, prices will start to grow ..

The market isn't here to please your greed. If you want to invest, do it based on the fundamentals, and not because you hope there will be a bull run at whatever point in time. If you purely invest for speculative purposes, you are wasting your time because we might not see a bull run like the previous one in the coming two or so years.

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I wonder how much selling is happening for the sole purpose of noting a loss before the end of the current year to offset future profits. 

It really seems that the selling that's happening right now is more an attempt to tank the market further rather than actual panic selling from traders/investors being afraid of what has to come.

[guybrushthreepwood]

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

Yes, it's very possible.

and how fast will it go up?

Would you honestly accept any answer someone could give you on this? It might go up very fast. It might go up slow. It might keep falling. Nobody knows nor can they tell you anything definitive as nobody can predict the markets.

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?

They probably won't ever accept it now. The fact that bitcoin has lost so much value so quickly is going to spook them and that's one of the things they were already worried about. There's probably also too much insider trading going on which is likely what caused the all time high rally in the first place. Might as well forget about the ETF now.

I wonder how much selling is happening for the sole purpose of noting a loss before the end of the current year to offset future profits. 

Probably not much. I think people are genuinely panicking and they have a good right to be. For some people there's not much point holding onto a sinking bag with no end in sight and some get out whilst they can. I think bitcoin will probably bounce back at some point but I wouldn't bet money that we'll ever see the ATH again or any where close. 

It really seems that the selling that's happening right now is more an attempt to tank the market further rather than actual panic selling from traders/investors being afraid of what has to come.

Why would anyone do that? If you have bitcoin there's not much point in making it worth less. I think people are genuine just panicking. Why would they take the risk and wait till it hits sub 1000 levels before they sell. Some people are just cutting their losses and taking what they can now because nothing is guaranteed.

[Slow death]

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

imagine the following: many people are in panic and are selling their coins, all news channels begin to spread the news that some expert said that the price will fall to  $1500, people who are already in panic read the news that the price will drop to  $1500 so the  panic sale increases, if all people are selling because they read news that the price will drop for $1500, how many people will buy for the price of $3400? we have more sellers than buyers and result, the price will fall.

About another question, the price will increase when there is a lot of demand, in a nutshell, it will increase when you have many people buying, now nobody can tell you when people are going to buy many bitcoins

[thecodebear]

ETF postponed its decision until February 27. They no longer have the right to postpone the date of announcement of the decision.

I think Bitcoin will fall to 2, 000 - 2, 500 and the growth of cryptocurrency will start in February

The only reason I can think for them to postpone the ETF decision multiple times like this (wasn't the decision supposed to be made way back in September originally?) is that they they Bitcoin could be getting close to the point where they will accept the ETF and so they are pushing it back so much in order to possible accept an ETF rather than deny them and then wait to start the process all over again later next year.

I'm guessing they are waiting until BAKKT is online to reassess the situation. I don't see why they would keep postponing it if they were like yeah there's no way we are allowing an ETF anytime soon.

[thecodebear]

I don't see it going under $2k. I think under $3k is definitely possible, but $2k is A LOT lower. It is possible, but I think very unlikely. But really just depends when people stop panicking. In general I see $3000s and $4000s as the "stable" price for the bottom this next half year or so, with maybe a brief dip under 3000.

[mikeywith]

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. 

[lamadu3]

When i see this market condition i can say that the price go down to $2000 level easily. In last two months the fall couldn't stop and it got into very unpleasant way. Also if the price reaches $2000 level quickly the price can go like $1000 before the new year. If that happens with the panic sell the market can have biggest crush.

If somebody would ask me this question this summer or even autumn, I could answer negatively. Now, when the market is red, and the cryptocurrencies prices are down, I can say - it might happen but I hope for the best.

[UNOE]

When i see this market condition i can say that the price go down to $2000 level easily. In last two months the fall couldn't stop and it got into very unpleasant way. Also if the price reaches $2000 level quickly the price can go like $1000 before the new year. If that happens with the panic sell the market can have biggest crush.

If somebody would ask me this question this summer or even autumn, I could answer negatively. Now, when the market is red, and the cryptocurrencies prices are down, I can say - it might happen but I hope for the best.

Please read this topic about Bottoms are ALWAYS higher than your idealized entry point. Price for Bitcoin could go lower than 2k USD but that scenario is highly unlikely this year.
It is easier to say than actually do it, but do not let emotions drive your decisions.

[Yurkov]

When i see this market condition i can say that the price go down to $2000 level easily. In last two months the fall couldn't stop and it got into very unpleasant way. Also if the price reaches $2000 level quickly the price can go like $1000 before the new year. If that happens with the panic sell the market can have biggest crush.

If somebody would ask me this question this summer or even autumn, I could answer negatively. Now, when the market is red, and the cryptocurrencies prices are down, I can say - it might happen but I hope for the best.

Please read this topic about Bottoms are ALWAYS higher than your idealized entry point. Price for Bitcoin could go lower than 2k USD but that scenario is highly unlikely this year.
It is easier to say than actually do it, but do not let emotions drive your decisions.

It is not about whether the price of Bitcoin falls below $2000 this year, but if ever it will fall so low. I also think that this year it will not happen, but if the trend does not reverse and prices continue to fall, in a few months $2000 is possible.

[therhslv]

When BTC was at 20k my thoughts was that we will never see 5k-4k-3k range ever again , but look where we are now So if somebody will say it can go drop to 1k-2k range i would agree now Everything is possible in crypto i guess

[potivech]

We are already broke historical oversold and stochastic on the week and month long candles. All without having true capitulation volume. So yea we can and probably will go lower, need that real capitulation volume. Accumulation can't being until then.

[JMD07]

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?

If the market will lessen the demand everyday then there's a big possibility that the price of bitcoin will shot to the sink hole and this will create the pressure higher as those people who bought at $5k above will get in panic to sell their coins. Another chain reaction will happen.

[syberwolfen]

See the ups and downs are calculated based on the demands also the supply, if there is demand for coins definitely the value will soar up. At this moment big whales are taking advantage of downfall and this is one of the main reason for manipulation, if some big shots involve and make investment in crypto the value will turn hot again.

[Wilhelm]

No