How low will BTC go?

[fabiorem]

Next target for the bitmex liquidation is $250-$750.

Dont forget to blame the coronavirus, and of course, to take the vaccine.

[TheAndy500]

Next target for the bitmex liquidation is $250-$750.

Dont forget to blame the coronavirus, and of course, to take the vaccine.

You are panicking to hard my friend. Even in the darkest scenarios, I don't see Bitcoin prices below $1000. Although I would love to see its price fall so low. If the Bitcoin Price drops below $1000, I swear I will sell everything and buy all in! I think the lowest level we will see will be $3k

[cryptoruby]

I think we will go to 2800$-$1800

#corona

[STT]

I think a bottom price is possible in this area but hard to say for sure, no way is the bad news over but markets typically preceed news on their own action.   Prices are speculative, news is retrospective hence a constant contrast.



Two day average has capped aspirations but a bounce from the lows matches the trend since July peak.   We are in line with previous selling despite many rallys, we continue in line with that gradient and rate of descent.   In this area also below is some of the lows from late 2018 hence its quite a strong area of support possible.

[Lucius]

I think we should forget almost every common prediction models and TA, because we currently have a situation that is unique and completely unpredictable. All markets are hit very hard, and there is no indication of a recovery in the near future, although it is encouraging that China is slowly recovering, while on the other hand, Europe and the rest of the world have yet to experience their worst moments.

We see in last few days that BTC price is had some sort of support/resistance at $4000, but no one would bet that it wouldn't be broken in one moment. There has been a great deal of mistrust of investors in risky assets such as BTC, and the media has focused on the fact that BTC has not proven to be a safe haven or store of value in times such as this.

[Wilhelm]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

[TheAndy500]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

[Sterbens]

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

Agree we need to find this corona virus drug so that the situation is getting better with it has improved then the market will also recover, I hope the expert doctors have found this drug so that the crisis is not too much longer.

We, as lovers of the crypto market, are eager to return to recovering bitcoin to see better movements.
But I'm not sure bitcoin will reach $ 3000.

[danherbias07]

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

USA is the finance and Bitcoin capital of the world.

100 million people? Yes, if there is no government in some of the countries country.  

Scientists is now equal to a bitcoin analysts? Or are you just using the Coronavirus to explain the sudden low price of bitcoin?
It is just difficult for me to connect everything.
I believe there are effects but not to the extent that it could all the way down.
In fact, there are chances that it will boost bitcoin after this coronavirus mayhem stops. People are now at their home using internet to find news.
There might be a chance that they will bump into bitcoin.

[Wilhelm]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

Looking at the free fall and where it got caught I too believe $3k would be the absolute bottom.
Only if we start turning into zombies will it go lower

[Hellkas]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

Why your the decision so radical? If the price drops below $ 1000 for 1 Bitcoin - sellers in a panic can lower this price even lower, for example, to the $ 500 area, and then you will need to have steel balls in order not to panic and continue to hold Bitcoin.
I would now refrain from any positions and fix the funds, because during such an unstable situation anything can happen.

[figmentofmyass]

Next target for the bitmex liquidation is $250-$750.

is it just me, or are bears getting overconfident? this is beginning to sound just like bulls aiming at $100k+.

I think we will go to 2800$-$1800

#corona

Not going to happen....  

masterluc has now joined the bear party. he is aiming for $1800 too: https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

and he's one of the conservative ones. all the cool kids are expecting <$1000 now.

[samcrypto]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

As much as we want things not to end up like this, we can’t be sure about the market right now because of what happenings around the world. Btc can go lower than what we expect, but let’s hope its not going to go below $3k again. The market recession is threatening us, I don’t what will happen to bitcoin is the stocks enter into a recession.

[Wilhelm]

Next target for the bitmex liquidation is $250-$750.

is it just me, or are bears getting overconfident? this is beginning to sound just like bulls aiming at $100k+.

I think we will go to 2800$-$1800

#corona

Not going to happen....  

masterluc has now joined the bear party. he is aiming for $1800 too: https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

and he's one of the conservative ones. all the cool kids are expecting <$1000 now.

What part of "not going to happen" don't you understand 

Let's not write off bitcoin this soon...

[Kelvinid]

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

The fight still on-going but can't find a certain vaccine that could help to treat the virus. It sounds like we end up this war against coronavirus for several months (it hope to be done in the 3rd quarter) if the community will helpt also to resolve and stop the spread. This is how it affects the global market and also in here. We can, therefore, expect for recovery only if this will be over that is why we should have to patiently wait for it.

[TheAndy500]

I think we will go to 2800$-$1800

#corona

Not going to happen.... 

I also think that the $3k level is the absolute minimum to which the Bitcoin price may fall. However, the virus situation is still uncontrollable and panic does not seem to be smaller. People are scared, so if we don't get positive information, anything can really happen. Let's hope that the cure will be invented quickly and the situation will be controlled. This is the only way out of this crisis.

Why your the decision so radical? If the price drops below $ 1000 for 1 Bitcoin - sellers in a panic can lower this price even lower, for example, to the $ 500 area, and then you will need to have steel balls in order not to panic and continue to hold Bitcoin.
I would now refrain from any positions and fix the funds, because during such an unstable situation anything can happen.

My decision is not radical. I am open to various possibilities. I predicted the price drop to $5k a few days ago - check my posts. However, looking at the whole thing it is unrealistic for me that the price of Bitcoin falls below $3k. If that happens then anything can happen.
If the price of Bicoin drops below $3k, total chaos begins, which they begin to control in full-blown whales, then there will be nothing better than buy!

[Oceat]

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

The fight still on-going but can't find a certain vaccine that could help to treat the virus. It sounds like we end up this war against coronavirus for several months (it hope to be done in the 3rd quarter) if the community will helpt also to resolve and stop the spread. This is how it affects the global market and also in here. We can, therefore, expect for recovery only if this will be over that is why we should have to patiently wait for it.

Cooperation is the key to stop spreading the virus and therefore the crypto economy will be right back on its track if this pandemic will be stop. For now, Bitcoin is suffering too much losses down to its original common price and I see a sign that this will going to continue until it hits back to $3000 just like what happened last year.

[Free1bitco.in]

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

The fight still on-going but can't find a certain vaccine that could help to treat the virus. It sounds like we end up this war against coronavirus for several months (it hope to be done in the 3rd quarter) if the community will helpt also to resolve and stop the spread. This is how it affects the global market and also in here. We can, therefore, expect for recovery only if this will be over that is why we should have to patiently wait for it.

so far, I think researchers and scientists are still looking for a cure for this virus. depending on the conditions, it can spread to even more people. if this is difficult to stop, then there will be a possibility that the price of bitcoin will drop at a lower price, but if the cure has been obtained, I think the price will recover slowly.

[minairia3]

I think we will go to 2800$-$1800

#corona

Not so fast, this could be possible but I think many traders, investors, crypto enthusiasts, believers, and hodlers will not let it happened. Thats way to low and even whales cant afford to make it down so much as they are also circulating funds from btc market.

Btc can go lower than what we expect, but let’s hope its not going to go below $3k again. The market recession is threatening us, I don’t what will happen to bitcoin is the stocks enter into a recession.

It seems its not going to happen any sooner, charts speaks for itself with a very good support on 5k levels. I think whales are now finished dealing with their playtime on the market. Recession will eat us but were backed by those manipulative whales whose goal is to shrink it but not totally destroyed it.

[Mpamaegbu]

This is not looking too good for Bitcoin holders. Some scientists estimate there will be 100 million plus infected with the Coronavirus2019 in the United States, eventually.

USA is the finance and Bitcoin capital of the world.

It's really ludicrous when you made that assertion of the United States being the finance capital of Bitcoin. Certainly, this isn't true. We all know how American billionaires, including Donald Trump, despise Bitcoin. It's because of their unfavourable stance that has made many crypto sites exclude American citizens from participating in crypto registrations on such sites.