Will Bitcoin reach $ 3884 again?

[criza]

As the price of Bitcoin rapidly plunges down, $3,500+ value is possible. Right now, we could mostly say that the reason for this dump is because of the virus that affected a lot of stock market like Cryptocurrencies. But, with the news indicating countries gradually recovering from the virus like China where the virus originated, we could also hope for a gradual recovery for the price of Bitcoin.

Either way, less price could increase the possibility for new investors or buyers.

[Dart18]

It didn't go to $20,000 so I guess it will not go that far downward.

History might not repeat itself anymore.
We could have a bottom of 5k by now and we have to live with it.
There won't be a buy at so much cheap price anymore.

It is better right? Bitcoin value should stay high since the reward will get halved soon.

[Free1bitco.in]

the further decline will make your prediction come true. it's just that, until now, it seems like the price of bitcoin and other altcoins have calmed down. I expect the next move to be a good increase and can recover to a range above $ 7k, I think it will make a lot of people calm. but, looking at this situation, it looks like the ratio is half. however, if the coronavirus problem is over, I think the price will recover.

[bythesea]

I don't think it will. Market crash was due to happen with all that Corona things happening but I really don't think it will.
I have some ETH, LTH in stash so ill probably buy some BTCs in next few days. I see things getting back to how it was before in next 30 days or a bit longer.
So sometime before May BTC will be back to 9000$-10000$

[Yamifoud]

Such a feeling that we can't deny having some insights to see a continuous drop in many days to come and might possibly it drops below $3.8k.
There still no solution to the problem that the world had to fight and it worsens the market status. This gonna be a long fight for everyone and those who aren't strong enough about their trust will surely quit. Even though how tough you are, being an optimistic person but somehow you could feel the struggles this time.

[In the silence]

the further decline will make your prediction come true. it's just that, until now, it seems like the price of bitcoin and other altcoins have calmed down. I expect the next move to be a good increase and can recover to a range above $ 7k, I think it will make a lot of people calm. but, looking at this situation, it looks like the ratio is half. however, if the coronavirus problem is over, I think the price will recover.

Bitcoin is sitting now @$5200 and stable, not being a negative person because I am a hodler but this may not the floor and it could again touch $3800 again when the virus infected whales and other hodler. Theyre not at panic but will be force to sell theirs for their health which im hoping not to.
We must expect the unexpected worst case scenario since this is not like any common downfall of bitcoin in history.
Always take care guys and take this dump an opportunity to accumulate more.

[Reid]

Resistance is $5k.
Last time I said that was like 7k I think and it really resisted at that point up until now.

Well, we could see a lot is happening by now and it is worldwide specially the corona virus thing.
While people are in panic there seems to be a reason for them to sell.
They need food, water and medicine to be piled in their house and because of that cash is needed and not bitcoin for now.
Emergence is happening and they need preparation, so we might see more of a dump.

[Japinat]

That's not possible to happen but not likely, bitcoin was dump below $5000 but its recovering now.
I can't say that $5000 is a strong resistance level because price dump more than once and its just good its recovering now.

However, I can't be too confident that we are going to be in uptrend soon, the situation is not yet good, panic are still happening all over the world, and therefore whales are still in control of this situation they can dump this by causing a new panic again.

[peter0425]

Bitcoin is holding the $4,600-5,300 price and i think this will stay for short time,either Fall to $3,800 or Grow 5 digits again.
i believe that Whales are doing some manipulation again but the Corona Virus is affecting the market so bad so maybe lets see what will happen in the next months.

[python888999]

Resistance is $5k.
Last time I said that was like 7k I think and it really resisted at that point up until now.

Well, we could see a lot is happening by now and it is worldwide specially the corona virus thing.
While people are in panic there seems to be a reason for them to sell.
They need food, water and medicine to be piled in their house and because of that cash is needed and not bitcoin for now.
Emergence is happening and they need preparation, so we might see more of a dump.

The best fuel for bears is fear, and fear is contagious.

When the world ’s fear of the epidemic dissipates, it is time for the market to really restore confidence。

[carlisle1]

Resistance is $5k.
Last time I said that was like 7k I think and it really resisted at that point up until now.

Well, we could see a lot is happening by now and it is worldwide specially the corona virus thing.
While people are in panic there seems to be a reason for them to sell.
They need food, water and medicine to be piled in their house and because of that cash is needed and not bitcoin for now.
Emergence is happening and they need preparation, so we might see more of a dump.

The best fuel for bears is fear, and fear is contagious.

i think the bear had enough Fuel since the price got dip to $4k level already so the remaining People that holds Bitcoin now are the real HODLERS so expect no dumping again unless manipulation take place because we know how much whales hands Bitcoin in this market.

When the world ’s fear of the epidemic dissipates, it is time for the market to really restore confidence。

actually your thread is helping People gain confidence now because there are two plans we have in mind now,either Keeps on holding or Buy again once the price fell more from the current Value.

[michellee]

I am happy to see the bitcoin price can be back to $5,100 today after the price is down below $5,000. Although the price is down for a small price in a few hours ago, the price still trying to increase and break another higher price, we hope that this weekend, the price is not going to go down again. We hope that the price will be stable for a while at that price so, in the next week, the bitcoin price can increase higher than now. But we cannot do anything if the price still going to down this weekend, and we can only buy more bitcoin, and expect to make a profit later.

[el kaka22]

None of us are fortune tellers, we can't see the future, personally I have said that "this corona thing is not really a big deal, it will soon pass" just a month or so ago, look at it now, even I have to agree that it is one of the biggest troubles we have seen in recent years. All in all we have to just let it be, we can't predict, we can't trade, we can't do anything, just let it be and do not worry about bitcoin for now, just focus on other stuff while you can and just try to survive.

Today is not the day to think about profits, today is not the day for future investments, today is not the day for financial research, today is the day to stay inside, make sure you are not infected and stay as isolated as possible. Read a book if you really want to occupy yourself.

[Btc_1856]

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.

Based on the effects we are seeing with crude oil, Corona Virus the market is collapsing. The effected rate is kept increasing and this makes many people are selling their coins which can cause more dump in the market and in the month of May there is bitcoin halving and there are huge chances of Bitcoin to decrease its price.

[Triffin]

the further decline will make your prediction come true. it's just that, until now, it seems like the price of bitcoin and other altcoins have calmed down. I expect the next move to be a good increase and can recover to a range above $ 7k, I think it will make a lot of people calm. but, looking at this situation, it looks like the ratio is half. however, if the coronavirus problem is over, I think the price will recover.

Price never remain same for years as it will surely increase it will not dump any more people suffered allot because of corona virus it even effected the crypto market. So we should hope for the best don't worry if the price falls. $7k is achieve able price it only needs us to be patient and wise not to lose our coin at this recovery sessions.

[bitbunnny]

It's possible, in fact I would say that everything is possible in the situation like this. We entered the phase when covid-19 pandemia influences the crypto market too.
However, it's very hard to predict exact development of situation and how low the price might go, where is the limit when it will start to recover so it's better not to be under pressure because of situation we can't change or influence.

[Kelvinid]

Something good to look the situation by now and maybe panic sellers are done already knowing that the price is already moving back high slowly, in fact, we are already at $6k plus as of this post. This recovery implying to have a good price during the halving period and I believe that some people had learned already gain some confidence and trust. And I feel that this also correlate to the declining cases of coronavirus globally, we got at its peak already and this gonna be over by then.

[Botnake]

The panic in crypto is over, looks like we are not going to 3884 usd again, bitcoin had a good pump today and its current trading at $6000 now.
What happened? I am also surprise when I see the price movement like this, it's maybe because the price was oversold and whales are buying it back again.

[hatshepsut93]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

[Free1bitco.in]

The stocks continue to fall but Bitcoin is now on the rise, so for BTC the panic seems to be over or at least will be over soon. The crash was huge, it's very likely that Bitcoin was oversold, while stocks still can keep falling, especially since they were at ATH not so long ago. So, it's safe to say that we are past the bottom. I think there's a good chance that such low prices will never be seen ever again.

if this recovery continues, I am pretty sure that the next increase is bullrun. it's just that, we need to be vigilant because other types of investment are still decreasing until now. other than that, I think the recovery has not been as good as when the decline. it's just that I assume that the price of bitcoin will be difficult to go down to the price of $ 3884 if this recovery persists.