HOW LOW BTC CAN GO?

[maydna]

I don't want to predict how low bitcoin prices can go because I don't have any idea about that. Bitcoin price can go low without telling us the number, but we need to be ready if the bitcoin price really touches the lowest price. Perhaps, the price will reach $3,800 again, or it will go down for more than that number, but we don't expect to see that lowest price again. But $3,000-$3,500 can be the next target of bitcoin price to go down, but I hope that it won't happen for sure because man people will be panic selling at the market.

I hope that the bitcoin price can stay at a price now, or if the price is down, it will not going to go down for deep. Let see what will happen later, and hopefully, that will not occur.

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[so98nn]

I am betting on 3000 USD.

Reasons

1) Coronavirus outburst - Economy is highly distressed. Just imagine most of the people are not even focusing on the stocks, shares everything is disturbed so I am pretty sure they will barely be focusing on the crypto market. Most of the stable assets like Gold and commodities have fallen upside down. This is indirectly connected to crypto world. Its  pulling it down.

2) International Lockdowns - Off course this is because of coronavirus. But on other second number in pulling the BTC down. No countries connected with each other mutually though we are connected via internet it means nothing. The thing is we do need local transactions to be in placed and this buy and sell will only occur when there is real life transactions (e.g. buying of stuff, selling of stuff with payment mode of crypto). Many investors travel the world and do real time project investments. This one is now completely stopped and its gonna affect it badly.

These are two strong points with me. Can't think of anything else.

[Oasisman]

Well,I believe Bitcoin has just reach the lowest when it hits $4,100 (the lowest recorded on March 13)
There are still a lot of cryptocurrency investors who are very optimistic about the effect of block halving in the market and hoping to get good returns, which explains why Bitcoin is somehow going up and down at $5,000 - $6,000 level (which will be considered a good entry point figures).
We'll just hope the corona virus will be contained and not becoming worse, or else it will make a huge impact not only worsening the current situation of the global market indefinitely, but will also affect the cryptocurrency market.

[iamaruf]

No one can tell you how low btc can go or how high btc can go. It's hard to predict crypto market & btc can reverse any time from any price.No one can tell you the exact price. Even after making your post btc price already raised.In my view that low price was the dip,I don't think we can see this dip again,also hoping that btc will never be lower than 10k$  after the halving. 

[leowonderful]

Short answer is nobody knows. Things are still extremely volatile in all markets even outside of Bitcoin and cryptocurrencies, and it's usually not a good idea to call bottoms. If you've got any open trades, set stoplosses on them especially if you're trading on a leveraged derivatives platform like Bitmex, and make sure loss mitigation is the thing you're focusing on. I personally believe we're not going below the $3000s, but we're currently in limbo and the price action could shift to either down or up at any moment. 

[Btc_1856]

It is impossible for us to predict the price of Bitcoin, we shouldn't bother about the people who are providing the signals. Anything can possibly because due to the virus is spreading which makes most of the coins and shares is losing their value. Now the market situation is in the predictable, stable so there are 50-50 chances.

[Viscore]

I choose "$5000-4500" because that was the lowest we've dropped this year so far, and I am not expecting to see another dump again since bitcoin is already strong at its support, currently the market is moving well, bitcoin got good increase today and hopefully we are heading to $7000 soon.

[Sadlife]

I personally eyeing for another retest to the $3500 level as there was a CME GAP there. So im not getting over excited to becoming bullish, because Bitcoin has a ton of fake outs. It's really hard to speculate even with a confirmation, im not buying because im still thinking it will reverse.
maybe if it breaks the 7200 level, i might think of buying. This is surely some crazy times.

[Raflesia]

Some expect more dumps because investors really want to buy lower prices and want a return that returns back to early March but so far bitcoin has started to show an increase of $ 6700 and maybe it can happen in the next few days it will soon touch $ 7,000 maybe still right still buy at a price like that.

My speculation is that bitcoin will still recover even though the pandemic is still happening even though some stock markets are still falling but I am sure bitcoin will grow back to the way it was at the beginning of the year.

[In the silence]

At this moment, BTC is moving sideways +- $400. The possibility of it moving to either direction is very likely which of course no one can say for sure. I believe in BULL at this moment but I can't ignore that there are some sudden factors causing dumps which is further causing panic sell. Hence, this is totally speculative at this moment. Therefore, I created this poll to understand the mindset of the people involved in this. Hence, I request everyone to fill this poll.
If you have any explanation to any of the theories you believe and you want to explain me, please don't hesitate to leave a message so that we can discuss more where I can also input if I can

Its bullish because of the recent dump but if you check the history of Bitcoin, you can see that a massive dump occurs that it touches the lowest profitability of the miners.

I voted $3000-$3500 because lower than that will destroy the mining profitability and may cause to drop in power. That will again dump Bitcoins price but will unlikely happen.

[samcrypto]

I’m expecting another drop again and I’m ready for that one, but I think the bottom was already hit because we easily bounce back after reaching the level of $3k. As the market continues to struggle, still expect the worts price for this year and don’t expect too much. Right now if bitcoin reach the level of $7k again, I think no more big dump after this well this is just my speculation.

Expect the unexpected and we have to learn from the past price movement that even just on a day, the price can dump that much. I do keep monitoring the price of bitcoin because I’m ready to convert my fiat money into bitcoin, and maybe we can still see some correction or dump before heading into a new up trend.

[gantez]

I’m expecting another drop again and I’m ready for that one, but I think the bottom was already hit because we easily bounce back after reaching the level of $3k. As the market continues to struggle, still expect the worts price for this year and don’t expect too much. Right now if bitcoin reach the level of $7k again, I think no more big dump after this well this is just my speculation.

I think I'm positive about price increase at this time now. The corona virus disease have come to equilibrium sort of because many places are shut down, many people are now aware of ways to prevent it which includes not travelling nor visiting. So the level of spread is going to be limited and death is reduced too. When panic is gone, things will normalize.

[LbtalkL]

That's a hard question no one really knows but we can speculate having TA and predictions, I don't think BTC will go deeper than $3800 I hope so, Having seen this market recently it is very volatile and it is very risky to jump on trading especially on contract/leverage/margins/futures whatever it is called across different exchanges, we might be liquidated in minutes if we are not careful. If markets now really depend on this covid19 we are at risk what if the situation will worsen you know what will happens next.

[crwth]

This is always going to be only a prediction, but no matter what we do. It's up to you whether you would HODL or not. As of now, the current situation is dying down, maybe there are no more new "news" to report to, but we are still speculating on this part.

Right now we are at $6500 - $6800 part, so maybe we could see a new high or a new low (for the day)

If you are always trading, I would recommend following your analysis instead of biases. News is hard to counter though, it would affect the people's behaviors.

[FanEagle]

Lol! There are people who voted for under 3k, 2 people literally voted for 2500-1500 levels, do you really think that bitcoin could go under 2500? What are you trying to achieve with this, maybe just wanted to make sure people are afraid and the price would drop so you could buy more.

I do not really like the "wishful thinking" type of voting, I can't decide on their votes, they are free to vote to whatever they want and that is understandable, however reality is what they are doing looks just funny and blurs the clear waters and that is it nothing else. If you seriously think that bitcoin could be 1500 you are an idiot, that is without a doubt true, if you just WANT it to be 1500 then you are doing it wrong way, that is not how you can achieve anything by manipulating neither.

[ScamViruS]

At this moment, BTC is moving sideways +- $400. The possibility of it moving to either direction is very likely which of course no one can say for sure. I believe in BULL at this moment but I can't ignore that there are some sudden factors causing dumps which is further causing panic sell. Hence, this is totally speculative at this moment. Therefore, I created this poll to understand the mindset of the people involved in this. Hence, I request everyone to fill this poll.
If you have any explanation to any of the theories you believe and you want to explain me, please don't hesitate to leave a message so that we can discuss more where I can also input if I can

It is difficult to say now. Because when Bitcoin is dumped due to panicsell, the market recovers very quickly. Which was beyond everyone's imagination. Which is good news for the Bitcoin community. But I think Bitcoin will come back in the $ 4000- $ 3500 range. Because the effects of the corona virus are not yet over. As long as people need cash, the selloff will continue.

[hahay]

Indeed, the decline can still occur at any time but at least, when there is a decline the recovery will also occur immediately and it will at least make the price still be maintained in the range of 4.5k-5k even if the decline continues. This situation does not really affect prices on the crypto market as a whole because at the same time the halving event plays a large role in the collapse of the price of bitcoin.

[Yamifoud]

May we think that dumps can possibly be happening again and again but for this time, I'm too positive that it never drops to below $4k.
We started to climb back at $7k, this will simply mean that the market support is started to stabilize and we are going to recover from the pandemic effect towards the global market declines. And I do hope that everyone has to keep their faith, the endless volatility of the market won't change that is why we should be prepared and keep calm always. Panic will is not a solution but it only worsens the situation.

[princerepon]

It's not that easy to say cause many big investors/traders said "this is the last time to buy btc at very low price" when btc was down $19k to $11k in 2018. But everyone saw what happen. It was gone to $3.8k. So how low btc can go it's a question that i don't want to face. But all i can say if this current crisis is not solve imitatively then people will see more worse than this.

Australia is introducing the closure of non essential businesses and are warning that these enforceable rules will be in place for at least six months.  No pubs, clubs, cinemas, Churches, restaurants and similar all closed for six months.

It's horrible, i didn't heard about it. This crisis going really deep. Hope people find a solution for this.

[Ridwan Fauzi]

Seem like $3500-$4000 will be the low price for bitcoin, as we know that the all time low for bitcoin price was $3500 and I will guessed as well that it will be the lower price .

But seem like we are far to reach $3500 right now, bitcoin price is increasing to $6700 currently. And bitcoin will be in a good trend cause if we pass $6700 then we will see $7000 as next price.

The worries from corona virus is still spreading in some country, like in my country who has been affected the money fiat is fall against US dollar. I think many people in country have decided to buy bitcoin to safe their money.