HOW LOW BTC CAN GO?

[Viscore]

It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

I feel it's not more like because of the halving effect but because of the global pandemic that was already stopped.
Well, I hope this pandemic will be over soon, we are at the start of the 2nd quarter, if we can end this quarter, then we can expect we will have a good 3rd quarter and possibly continue until the end of the year. Halving effect are usually felt prior to the event due to the hype that will be created.

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[ufaiz50]

In the market, I think the possibility of the bull is small. considering the current world conditions are facing co-19 and I see the market is not so many visitors. because of this I'm sure many are thinking again about the relationship of crypto with world conditions, especially if the pandemic conditions like today.

Although many people think that there is no relation to the global economy and cryptocurrency but I feel this is closely related because the crypto market is also often manipulated. this is just my speculation but I think the market will slowly go down.

[Mrengage]

This year 2020 the low bitcoin went was around $4k to $3k, which was a big surprise to many and we were also thinking it will go below that. In another way round that was the lowest low any trader should have bag more.

[milewilda]

In the market, I think the possibility of the bull is small. considering the current world conditions are facing co-19 and I see the market is not so many visitors. because of this I'm sure many are thinking again about the relationship of crypto with world conditions, especially if the pandemic conditions like today.

Although many people think that there is no relation to the global economy and cryptocurrency but I feel this is closely related because the crypto market is also often manipulated. this is just my speculation but I think the market will slowly go down.

Then how you do consider on the current movement of the market as this moment? We are slowly increasing atm but we cant really avoid not to think that we might dip down once again just like on what happened from 10k to almost 3k level.

Nothing is certain when it comes to price yet anytime it would really surprise us.Lucky for those people who bought when the price hits down as low as 3800-3900 since the price as of now is
7.2k which do already give out sure profits in a short period of time.

[ololajulo]

I only request for technical analysis when i am looking for possible bottom and height of pump and dump. Technical analysis is not usually reliable with time prediction of the pump and dump cause other strong factors had moved the price, not even news again. Thing keeps changing that no one can contain. We expect bitcoin ATM to stay above $5000 for some weeks, if this stays the same with the closeness of price to $5000 we might be bullish after a while.

[TitanGEL]

In the market, I think the possibility of the bull is small. considering the current world conditions are facing co-19 and I see the market is not so many visitors. because of this I'm sure many are thinking again about the relationship of crypto with world conditions, especially if the pandemic conditions like today.

Although many people think that there is no relation to the global economy and cryptocurrency but I feel this is closely related because the crypto market is also often manipulated. this is just my speculation but I think the market will slowly go down.

Then how you do consider on the current movement of the market as this moment? We are slowly increasing atm but we cant really avoid not to think that we might dip down once again just like on what happened from 10k to almost 3k level.

Nothing is certain when it comes to price yet anytime it would really surprise us.Lucky for those people who bought when the price hits down as low as 3800-3900 since the price as of now is
7.2k which do already give out sure profits in a short period of time.

That is why counter trend strategy or the bottom fishing strategy is so risky, when the time where the price of the bitcoin reached $3800-$3900, people are panicking and we do not know if it is the final bottom. Those who have guts are surely bought in that kind of opportunity. I did not also buy because of the strong selling pressure and that kind of strategy is not fit with my skills.

[Sanitough]

That is why counter trend strategy or the bottom fishing strategy is so risky, when the time where the price of the bitcoin reached $3800-$3900, people are panicking and we do not know if it is the final bottom. Those who have guts are surely bought in that kind of opportunity. I did not also buy because of the strong selling pressure and that kind of strategy is not fit with my skills.

Well, people who are strong enough to take some risk are now smiling, it seems like bitcoin is going uptrend again and it will not dump anymore at that very low level, with the current price, this would already give good return of your investment, so it's sometimes  good to take high risk for higher reward.

[Rebisco]

That is why counter trend strategy or the bottom fishing strategy is so risky, when the time where the price of the bitcoin reached $3800-$3900, people are panicking and we do not know if it is the final bottom. Those who have guts are surely bought in that kind of opportunity. I did not also buy because of the strong selling pressure and that kind of strategy is not fit with my skills.

Well, people who are strong enough to take some risk are now smiling, it seems like bitcoin is going uptrend again and it will not dump anymore at that very low level, with the current price, this would already give good return of your investment, so it's sometimes  good to take high risk for higher reward.

It seems that the price of the bitcoin successfully breakout but I still do not see any transition of uptrend. Anyway we are still in recession so we should not yet expect a massive pump because there still crashes that may happen in the following days.

[Negotiation]

Although Bitcoin prices have dropped, this year there is a lot of potentials for Bitcoin prices to rise From the previous situation the price of bitcoin has risen to around 7k Expect to exceed 10k by the end of this year. Every business will be very successful but no one can set the right price due to the downward slope of the market.

[TheGreatPython]

This year 2020 the low bitcoin went was around $4k to $3k, which was a big surprise to many and we were also thinking it will go below that. In another way round that was the lowest low any trader should have bag more.

One also has to understand the reason for the slump and it was pretty clear that there might be a manic sell because of the COVID-19 and I heard even miners are affected by the virus and another big reason for the dump was because the PlusToken scam took place and they moved out funds and sold a big part of it which caused a sudden drop in price overnight and now as you can see the price has again starting to climb to it's actual average price.

These dumps happen from time to time and it only makes bitcoin more stronger because after every dump those coins are then grabbed by more people and it is always an ideal situation where everyone has some coins rather than some people holding most of them and swinging market at their will.

[Mumbeeptind1963]

Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,

[Viscore]

Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,

Crypto did not crash, if it has, the most important is it has recovered.
In fact, bitcoin now is already price similar to the price in January 1 this year, so this year so far, bitcoin has not dropped or collapse.

Let's see what will happen, the future looks good based on its movement as even though there is a crisis, crypto market is still bullish now.

[Twentyonepaylots]

Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,

Well it's kinda off if we say that the price will depend on the pandemic itself since we have been seeing a quite increase a couple of days ago. The said $6K to $8K range is possible but I guess there will be more of that price, I think there will be more to bitcoin than the price itself maybe after this crisis we'll start to see bitcoin more often in merchants as accredited payment method because this will serve as a lesson learned to all of us.

As for price prediction, I'd say we'll go higher than $8K, maybe at $10K or $12 Highest this year? What you guys think?

[wozzek23]

That is why counter trend strategy or the bottom fishing strategy is so risky, when the time where the price of the bitcoin reached $3800-$3900, people are panicking and we do not know if it is the final bottom. Those who have guts are surely bought in that kind of opportunity. I did not also buy because of the strong selling pressure and that kind of strategy is not fit with my skills.

Well, people who are strong enough to take some risk are now smiling, it seems like bitcoin is going uptrend again and it will not dump anymore at that very low level, with the current price, this would already give good return of your investment, so it's sometimes  good to take high risk for higher reward.

But, I have to admit that even myself I was quite worried when the price was just going down like fun and I was so nervous I did not sleep a few nights when it was dropping because I mean I save all my money in bitcoins and watching it shrink was once if a lifetime experience and although I did not sold or bought any coins during the tough time I felt like I was almost forced into selling some to protect myself.

I wonder if it will ever again go as low at $3500 and I think if it does, I am surely gonna buy some of it to laugh like you said when the price rises again to the normal value. Some of the holders had sold when they actually feared that bitcoins might become a thing of history in coming days and I feel for them but they should have backed bitcoins and held their faith in tough times.

[btc_angela]

Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,

We have breached another big psychological barrier of $7k so it looks like we are going to get into the $7500-$8k maybe in the next two weeks barring all circumstances, (no FUD, people have settled down with the Covid-19 scare). I do hope that we will not enter into a recession, because that will be one of the biggest we are going to see. Let's just remain positive that we can get over the Covid-19 problems this year so that we can avoid a financial meltdown because it will be very ugly.

[Vaculin]

We have breached another big psychological barrier of $7k so it looks like we are going to get into the $7500-$8k maybe in the next two weeks barring all circumstances, (no FUD, people have settled down with the Covid-19 scare).

I hope so but bitcoin stopped its uptrend now, it's negative today, but good thing is its still trading over $7k,it's just a matter of time and we will come back to $8K, just believe it will happen.

I do hope that we will not enter into a recession, because that will be one of the biggest we are going to see. Let's just remain positive that we can get over the Covid-19 problems this year so that we can avoid a financial meltdown because it will be very ugly.

We can't stop if that is meant to happen but we can always take advantage when situation comes, well, bitcoin trading at $1000 again, I think this would attract a lot of investors but its unlikely to happen.

[CarnagexD]

We have breached another big psychological barrier of $7k so it looks like we are going to get into the $7500-$8k maybe in the next two weeks barring all circumstances, (no FUD, people have settled down with the Covid-19 scare).

I hope so but bitcoin stopped its uptrend now, it's negative today, but good thing is its still trading over $7k,it's just a matter of time and we will come back to $8K, just believe it will happen.

I do hope that we will not enter into a recession, because that will be one of the biggest we are going to see. Let's just remain positive that we can get over the Covid-19 problems this year so that we can avoid a financial meltdown because it will be very ugly.

We can't stop if that is meant to happen but we can always take advantage when situation comes, well, bitcoin trading at $1000 again, I think this would attract a lot of investors but its unlikely to happen.

The market price of the bitcoin today is going down and because it is just normal because the halving is coming from the market price of the coin for over 3.8k dollars and now it is increasing holding into 7k dollars and continuously pumping, and this is good because this Is the trend of the bullish market but still some of the upward trend declines, but it is just part of the increasing of the price. For the next coming months, the halving is coming, and we can now make a huge difference and comparison of the market price If you will get a lot of income or not. There is a rumor about the market price of the coin if this will go up over 10k it is good, but if declined immediately, this is a huge lose

[Btc_1856]

Maybe we should and people have to move on. Because thinking about coronavirus will give us a way to think negatively and it affects our mind. In fact, we are already in the good position, $6k plus? I may say it was good enough to think that we are in the way for recovery and might people are also learning not to sell their Bitcoin but rather to hold or even accumulate some from the weak hands. But even the markets some progressive reports, I'm still not seeing it that it goes high within this quarter. It is possible to see huge pumps in the 3rd and 4th quarters as halving result comes out.

It is possible that bitcoin will be in the range of $6000-$8000 this year, but it all depends on this pandemic, we all know that market crashes, wether crypto/stock market it all goes down, people go panic selling, and it resulted to a global crisis, we need a recession and wait for the market to recover. It will take time but it will not go deeper than it is since it has a large wall on it,

Crypto did not crash, if it has, the most important is it has recovered.
In fact, bitcoin now is already price similar to the price in January 1 this year, so this year so far, bitcoin has not dropped or collapse.

Let's see what will happen, the future looks good based on its movement as even though there is a crisis, crypto market is still bullish now.

Yes, the entire world is in crises, but cryptocurrency is managing to survive at the current value, but we are very close to halving. During the time of the previous halving, the price of Bitcoin fluctuation is common and as of now, we are in good shape which it is managing to survive at the current value.

[ethereumhunter]

We have breached another big psychological barrier of $7k so it looks like we are going to get into the $7500-$8k maybe in the next two weeks barring all circumstances, (no FUD, people have settled down with the Covid-19 scare).

I hope so but bitcoin stopped its uptrend now, it's negative today, but good thing is its still trading over $7k,it's just a matter of time and we will come back to $8K, just believe it will happen.

Yes, I see that too. I wonder what will happen in the rest of the day this weekend. I hope the price can still go up and break the higher price. This moment is too confusing because I feel that the bitcoin price almost lose the support in this price, so the chance to go to the higher price will be small. But I hope there will be another good moment tomorrow so we can see the price can have another opportunity to increase back. And yes, I believe that the price will be back to the $8k, even to the higher price.

[redsun114]

The bulls have the upper hand right now, and the price has been going up, though there are still times that it drops back and after that, it suddenly picks up and start going up again. Just like yesterday, the price dropped, and today when I checked back, it was already going up. Right now we have it at $7,300 plus! And I know that it will keep going up.

I am just wondering what’s the next thing, because the halving is very close, just in less than thirty days we will be in the month of May and the Halving will take place. I don’t know if the price is really going to up like so many people have been predicting since last year. I have had a really strong patience for this time to come and it’s really close now, can’t wait.