Will Bitcoin reach $ 3884 again?

[python888999]

202003106

BTC: Short to $ 3884
ETH: Bearish $ 87
XRP: Bearish to $ 0.1
BCH: Bearish to $ 135
BSV: Bearish $ 80
LTC: Short to $ 24.79

Overall market: bearish

Assets plunged last week:
Bitcoin (-42%), oil (-24%), gold (-8.67%), Italian FTSE MIB (-36.36%), US stock Dow Jones (-16%)

Rising assets last week:
Natural gas (8.11%), tea (8.19%)
Rhodium (13%, up 220% in 2019 for electric vehicles)

[1715181772]

1715181772

[sujonali1819]

Price is dumping again and now BTC is trading around 4800$. It’s very possible to hit again below 4000$. If Btc will not recover soon from current price to above of 5000$ we can it will hit again to 3884 even less. I can not understand actually what are happening with markets.😥   

[Fesatmas]

The crypto market is increasingly frightening, prices are getting worse and worse when the corona virus is spreading widely, the market price is getting worse? I'm afraid that bitcoin will soon reach $ 3,600 in the near future because it's the lowest price last year and maybe this year will be experienced again for us because of the existence of a bearish market like this.

I think to prepare yourself to look at the price deeper if you have more money then it is better to buy at a time like this.

[maydna]

It could be possible for bitcoin price to down again this time because the $5k is broken again, and the price now is at $4,800-$4,900. We don't know, and we can not predict if the price will not go down for more, but if the bitcoin price is down again, we need to be ready. Perhaps, we need to hold on tight from now on because bitcoin price is not stable, and it could go down anytime. If you want to buy more bitcoin, you need to wait for a while until the price can stay at a low price so you will have a chance to get bitcoin at that low price.

[Strongkored]

Almost all say that it is very possible for the price of BTC to go down again and I agree with that, especially if you look at other markets such as gold stocks which have also declined, my question how long for BTC to back at price of 10k USD? I am very curious about this

[rexxarofmoknathal]

Almost all say that it is very possible for the price of BTC to go down again and I agree with that, especially if you look at other markets such as gold stocks which have also declined, my question how long for BTC to back at price of 10k USD? I am very curious about this

It does seem that the market got upset again and the trend is once again downwards. It really is possible that the BTC price might scrape ~ $3,500 again as it looks like everything caught volatility - it's also just so frustrating to see this since it only seemed that the market was recovering from the previous dip 

[Yaunfitda]

Price is dumping again and now BTC is trading around 4800$. It’s very possible to hit again below 4000$. If Btc will not recover soon from current price to above of 5000$ we can it will hit again to 3884 even less. I can not understand actually what are happening with markets.😥   

Down to $4500 now mate, and still nose-diving, -15%.

So there's a big possibility that $3800 could be touch if the dump continues in the next couple of hours.
Yes, really hard to comprehend, we thought that $5k is the resistance, but now it was simply slice like a butter again. We really don't know what's going on, maybe there's some kind of manipulation, but we really can't tell.

[Wexnident]

If the possible cases of fear increase any more than it already has, possibly. Initally, the huge drop was caused by the economic crash caused by the mass spread of the virus, causing various factories and businesses to temporarily close down after all. If it were to increase anymore, naturally, more fear would spread and hell, if that thin line of calm was actually broken down, I have no doubt mass panic would come down, even worse than the hoarding done by a few citizens from different countries.

I expect the price didn't go down below 3.8k was because some people tried to take advantage of it and bought it at the low prices it is back then. Possibly because of this, we could see that a lot of people might acknowledge that BTC hasn't reached its bottom yet, hasn't reached the bottom caused by the panic of the virus.

[sheenshane]

My answer is "it's unpredictable".
If you have been noticed not only Bitcoin price or let say the entire crypto was effected on this huge dump. All stocks on the market were affected and we know that due to this global virus keep attacking and due it's fear they cash out their assets to sustain their daily needs.

Now, back to your question. No one knows when until next the Bitcoin price will have a correction. But I am sure it will not turn to zero value which is we consider the bottom price of Bitcoin. As a matter of fact, this is the right time to accumulate more Bitcoin while it is very cheap and for sure will there is a resistance there is a profit.

[sujonali1819]

Down to $4500 now mate, and still nose-diving, -15%.

Hmm, Maybe. But when I was typing the price was remain around 4800$. At this moment it is very hard to understand the market situation. Now dump and after a few minutes pump, Again pump few minutes and start to dump. At this moment we should not check the market, again and again, Just relax and pass your time with family and forgot about the virtual world for some time .

[Bar771]

Bitcoin is trading around 5080-5100 (according to coingecko), and 7days price change went up to -36.0% (from around 40%), plus according to @whales_alert on Twitter bitcoin is being pumped now so i wouldn't bet on it to go down to 3k (my opinion).

Down to $4500 now mate, and still nose-diving, -15%.

Hmm, Maybe. But when I was typing the price was remain around 4800$. At this moment it is very hard to understand the market situation. Now dump and after a few minutes pump, Again pump few minutes and start to dump. At this moment we should not check the market, again and again, Just relax and pass your time with family and forgot about the virtual world for some time .

You're right. Just wait for the price to stabilize and then buy a few coins (or couple thousands satoshis), and hodl til the peak of the next bull run.

[thisnewcoin]

So, Bitcoin had the highest dump in the recent world market crash! But some people want to replace fiat by the Bitcoin, so, this is proved again that Fiat is the most important asset, not virtual currency! However, I have no confusion that Bitcoin gonna hit under 4K USD and even lower than 3700$ very soon! Just check the price chart, if Coronavirus impact stops now yet Bitcoin price will have a massive dump, so, we need to be prepared!

[The Sceptical Chymist]

Rhodium (13%, up 220% in 2019 for electric vehicles)

That's interesting, as I wasn't aware of rhodium's use in those.  I can't remember if any coins are made out of rhodium or not, but that might be a cool investment if so.

As to whether bitcoin is going to sink into the $3-4k range, I hate to say it but I have a feeling that it might.  I don't think coronavirus is anywhere near under control, and things seem to be getting worse by the day--businesses shutting down is the main thing that's going to affect the economy IMO, and that seems to be accelerating.  It's actually getting kind of scary.

And people are preparing for the worst, obviously.  They're selling bitcoin in crazy amounts, which is why the price keeps dropping.  I'm scared to see where the bottom is going to be, but I'm hoping for the best.

[thisnewcoin]

Down to $4500 now mate, and still nose-diving, -15%.

Hmm, Maybe. But when I was typing the price was remain around 4800$. At this moment it is very hard to understand the market situation. Now dump and after a few minutes pump, Again pump few minutes and start to dump. At this moment we should not check the market, again and again, Just relax and pass your time with family and forgot about the virtual world for some time .

That is the only thing to do in this tough situation of the crypto market. In every hour, the crypto market is going to up and down at the same time! I have never seen such volatile in the crypto in recent years! It hurts to check the price, so, better watch movies, spend time with family and friends and chill! I hope everything will be bounce back before the halving!

[thisnewcoin]

Rhodium (13%, up 220% in 2019 for electric vehicles)

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And people are preparing for the worst, obviously.  They're selling bitcoin in crazy amounts, which is why the price keeps dropping.  I'm scared to see where the bottom is going to be, but I'm hoping for the best.

It is good to be prepared! Because the last dump was a nightmare to most of the crypto supporters. No one thought Bitcoin price can dump by 3K USD within a day! And after so many positive vibes, halving hype, Bitcoin came 10K to 3700 USD within two weeks! I am not sure though, but Bitcoin has a possibility to hit 3500 or 3200 USD before the next jump! The market is really scary now, but again, we only can hope for the best!

[ScamViruS]

Right now Corona's panic didn't go out of the market. Bitcoin has broken down with many of its previous strong support. So now Bitcoin is in a position that is difficult to tell what will happen in the coming days. If the corona virus panic is the same now, we might see another $ 4000 dump down.

[kentrolla]

It might go beyond that who knows??? Crypto market is proving it's extreme volatility and we can observe that. This blood bath of crypto industry will remain unforgettable, BTC falls under $5000 for the first time since -50% capitulation. BTCs underperformance over the past couple of hours seems that there will remain a strong correlation, it clearly shows bear took control and unfortunately the short term outlook looks decisively bearish. Let's hope things will get better before halving.

[mahilchii]

The entire market has been dominated by bear's and we are already in that phase, people were very excited to see the halving price but crypto market has some different thoughts. If this crypto market goes like this then it will go below 3k as well, people were excited to see the halving price but no one would have expected this disaster. however let's believe the market will slowly recover and bounce back again.

[YuginKadoya]

Sad to say that the price has plunged to what we are seeing right now, but I think the price will stay in the $5000 USD mark I don't know how far the price might get down because of the current situation of many countries that have stop in their economic activity and the major source of this pullback is due to the COVID-19 situation right now it is hard to say that it may continue on dropping or it will just stay on the $5000 USD mark, I'd rather stay in this mark than to go down beyond $3000 USD, but I am expecting this to return when the end of April comes. 

[carter34]

my question how long for BTC to back at price of 10k USD? I am very curious about this

I think until the corona virus problem is solved then buyers will take over the market. This time possibility is there that market will grow fast because people will see it as cheap to buy and halving might be around then too. They would like to hodl that time, expecting increase.