Will Bitcoin fall bellow 3000$ and Gold price will increase?

[rayhanazad]

We are still in unstable market, anything can still happen but I'm glad with all that's happening in the market Bitcoin is still at $5000 mark, it's still we are better than when we are in the bear market, so far the Crypto market is very resilience, it's going to recover very fast once we see that the the world is improving in battling this epidemic.

yes usa testing now if it's work thinks will get better for everyone

[Basorexia]

My personal opinion is that we will see a market drain next week. I think that the price will drop below $ 3000. Against the backdrop of world news, all markets are collapsing, as well as the unstable situation with oil, a pandemic and other factors can drop the price at extremely low rates.
Many people expect growth before halving ... It even sounds ridiculous in today's realities.
Before halving, growth does not always occur, but after halving, a fall always occurs.
I think we will spend this year in + - bearish conditions.

[coinfinger]

People basically how long this will last and when we will get over this which is why we are such a volatile thing right now. We have no idea if we will find a cure this month or not, we don't know if this isolation thing will work and we basically assume everything will go bad for now because that is how it is looking.

Maybe tomorrow morning some scientists will say they found the cure and they will rapidly inject everyone the vaccine and we will have no more corona, that may literally start right now or may take a month, we don't know how long it will take, that is why nobody goes back into the market right now. But be sure, if we find a cure, the markets will suddenly go back up, that is how this will end, we will just find a cure and everything will go back to normal, both financially and in real life.

[hirngespenst]

That huge crash was for the Covid19, but have you noticed that Bitcoin recovered within a very short time? Though price already started falling again and it's not just Bitcoin rather gold too! It's not about crypto and gold only, rather all the stocks market was falling down! Coronavirus is not going to end very soon, only China got relief, others 180 countries are being affected gradually and thousands of people dying every day! So, yes, we can see another dump, it has possibility but no one can ensure you! So, it's better to research hard and pick the best moment to in and out!

[imstillthebest]

That huge crash was for the Covid19, but have you noticed that Bitcoin recovered within a very short time? Though price already started falling again and it's not just Bitcoin rather gold too! It's not about crypto and gold only, rather all the stocks market was falling down! Coronavirus is not going to end very soon, only China got relief, others 180 countries are being affected gradually and thousands of people dying every day! So, yes, we can see another dump, it has possibility but no one can ensure you! So, it's better to research hard and pick the best moment to in and out!

yes research help  . when you research you will know if what is the status of the covid now  .

 for example china have said to recovered lately which means we can expect for a price hike just like that but when you see something negative then that could be a sign for an incoming dip   . i dont think btc will fall and gold will increase but i think gold will drop and btc will increase because people are going for digital currencies because people are now avoiding offline transaction as much as possible   .

[ethereumhunter]

Bitcoin can go down below $3k, but I am not sure if the gold price will increase. People cannot use gold to buy something, but people need money to buy something, so if they cannot use fiat, they will search for the other way so they can buy as usual. But people who have gold can sell their gold to get money to buy something, and if that happens, I think that is not related to bitcoin price, but we don't know that. But yes, bitcoin can not be predicted, and it will be up and down every day.

[bassbity]

~~~

yes research help  . when you research you will know if what is the status of the covid now  .

 for example china have said to recovered lately which means we can expect for a price hike just like that but when you see something negative then that could be a sign for an incoming dip   . i dont think btc will fall and gold will increase but i think gold will drop and btc will increase because people are going for digital currencies because people are now avoiding offline transaction as much as possible   .

With these conditions, of course there will be many who panic, especially corona virus will continue to grow every day so with the economic collapse and other stocks will make an impact on us, including one of its bitcoin.
Yeah bitcoin is now an idea as a digital transaction that is safe to use at this time because if it comes in direct contact then it will cause coronavirus to happen, but everyone is still wavering at a time like this so it's true your word is to do research first.

[TheAndy500]

Bitcoin can go down below $3k, but I am not sure if the gold price will increase. People cannot use gold to buy something, but people need money to buy something, so if they cannot use fiat, they will search for the other way so they can buy as usual. But people who have gold can sell their gold to get money to buy something, and if that happens, I think that is not related to bitcoin price, but we don't know that. But yes, bitcoin can not be predicted, and it will be up and down every day.

It is generally accepted that when the economic crisis occurs and the prices of classic currencies fall, there is an increase in the price of gold - in other words, because of the decline in currency value, people get rid of money and buy gold, which is why its price increases. At the moment, the situation is more complicated.
I think the price of gold will start rising, but only when the further spread of the virus is stopped.
When it comes to cryptocurrencies, I think their price will fall until the situation is under control and the situation in the markets calms down.

[error08]

Neither bitcoin nor gold will increase during this global epidemic because people are panic to sell off and choose cash in order to buy daily necessities and groceries.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.

[wozzek23]

Looks like bitcoin is solid, it is trying to beyond 7k and stay there, sure it had some drops again but it is at least on bull stage. Do not forget that whenever bitcoin tries to go up it will eventually achieve it unless something major happens, there is already something major going on right now and I doubt anything could be worse than corona right now, what will happen a huge asteroid hitting the world and destroying all life?

Because, that is literally the only thing left right now that could be shocking. Gold on the other hand will recover a little bit better, it is a lot more known by many people and it is even used for stuff, like gold rings for example, bitcoin is not a physical thing that you can use like that. It already started to recover a bit but not quite there yet, just like bitcoin, so I assume both will go up together.

[ScamViruS]

Bitcoin is recovering well after a sudden dump. Which no other market can do. But I'm still not sure how much Bitcoin can go upwards. Where the global economy is in a bad state it is hard to predict anything. But Bitcoin and Gold both are gaining momentum.

[Smitty Werben Man Jensen]

at a time like this gold is very profitable because all stock prices are down, and only gold can survive, and Bitcoin should also put the same footprint, but this condition says different for bitcoin, which people say that bitcoin is digital gold now only becomes just a word, why? because the price of bitcoin is affected and a DUMP occurs, if indeed Bitcoin is digital gold or future gold Bitcoin shouldn't experience the Bearish market

[exstasie]

Neither bitcoin nor gold will increase during this global epidemic because people are panic to sell off and choose cash in order to buy daily necessities and groceries.
If this pandemic getting worse, we might have to face this condition for several months, hence cash is the best option for now.

The market agrees with you, at least in the short term. Virtually everything is falling against the USD, including other fiat currencies.

At the same time, the market recoveries in BTC and gold have been much stronger than stocks. Bitcoiners and goldbugs have begun theorizing about a "decoupling" from equities and other tumultuous global markets.

Novogratz is bullish on both:

Gold is almost back to it highs.  I believe it’s going much higher.  Let’s go $BTC.  Get on your horse and ride.   Same thesis.

What a time to be alive.

[Dart18]

The sudden eye to Gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?

[exstasie]

The sudden eye to Gold?
No.
I would rather stay with bitcoin.
Do you have the statistics that Gold is going to a bull market?
The whole world is affected by the virus and they are now staying at home.
I don't think they will be trying to buy Gold instead. You are using the internet during quarantine. What could be the possible thing that you will mostly see in it? Is it gold?

There are definitely signs that precious metals are seeing increased demand during these times of uncertainty. When the Royal Canadian Mint shut down a couple days ago, they said demand for silver coins jumped 300% month over month. https://www.kitco.com/news/2020-03-20/Physical-gold-squeezed-further-Royal-Canadian-Mint-shuts-down-production-for-two-weeks.html

There is a big shortage of physical gold on the market due to producers shutting down: https://www.reuters.com/article/precious-refining-argor/update-1-three-swiss-gold-refineries-suspend-production-due-to-virus-threat-idUSL8N2BG3ZJ

COMEX can't fulfill immediate delivery requirements. With spot supply dried up, there is a premium developing over futures. I have a strong suspicion this is a temporary condition caused mainly by production shutdowns, but Zero Hedge and gold bugs think this is the straw that breaks the camel's back. They think paper gold markets could collapse: https://www.zerohedge.com/commodities/gold-market-breaking-down-gold-spreads-explode-lbma-warns-liquidity-problems

Gold, guns, and bullets.......the original insurance policy in times of uncertainty!

It's not surprising to see gun stores selling out of stock either: https://fox17.com/news/local/sold-out-surge-demand-for-firearms-and-ammunition-creates-national-shortage

[bitbunnny]

At the current moment I don't think this is very likely.
On the contrary Bitcoin price is in upward trend, although that doesn't have to be permanent.
However, if Bitcoins price starts to fall again this will not reflect on gold price because there is no direct connection between Bitcoin and gold.
Besides investors in gold and Bitcoin are totaly different types.

[sovkysom39]

To date, the situation is stalemate, I think that we can go to a local resistance level of ~ 7200, but there are no forces to overcome this level.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.

[fabiorem]

To date, the situation is stalemate, I think that we can go to a local resistance level of ~ 7200, but there are no forces to overcome this level.
After that, I expect a decline and a hike to 5600, and possibly even to 4400.
Level 3000 can only be achieved with a regular stream of bad news and panic from sellers.

Stalemate is a sign of a bear market. The price go to "hibernation", hence the term "cryptowinter". If the price keeps going sideways, its just a matter of time before it plunges again.

Next stop is around $4k, and it will go down suddenly, since the market is manipulated. The whales only need some news about another virus coming. China is also on the brink of a civil war. If the conflict escalates, this might affect bitcoin in a unpredictable way. If it goes down, expect $2k, and if up, then the price will shot to $14k due to new demand. This will depend on how much compromised the chinese mining companies could be.

[redsun114]

Gold price increased, that was one part of the question that nobody really considered to be important. Sure, bitcoin didn't go under 3k, it never really had a chance to go under 3k, look at even the lowest point of this year, we had 3.6k and that was probably just a couple hours long thing and not a long time thing, when looking back in the future we will say that 2020 lowest point was 3.6k for technical reasons but honestly 5k was the real lowest, because we dropped under 5k for couple hours but never really stayed under 5k for 24 hours straight so we can't really say that was a thing of importance.

Regardless of that we can say that gold was very important and still is important to people who want store of value so it dropped a bit first but now recovering.

[shoreno]

i dont think people are looking for investments especially when on diffcult times like this because can they carry thier investments with them when die ? sorry to use the word die but this is the reality that is happening right now  .

 also its hard to find a market that will accept these kind of investments since most markets are still close or will be closing  but btc is still easier to market but then again only few people right now are investing  althought the value of btc already recovered a little and i think it will now be stable at this point   .