HOW LOW BTC CAN GO?

[CryptoLordguru]

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

[thisnewcoin]

I don't feel bullish anymore after seeing the high rate of Bitcoin volatility, therefore 6200$ is not a bullish zone! The world's economic ecosystem is passing a rough time, not just crypto. There is no sign of Coronavirus gone out, so, the crypto market will remain in bear zone more days, as there is no good news in the crypto market. So, To be honest, I am prepared for a high drop, I think if another dump comes, then the bear will hit the 3500-3000 USD zone!

[avikz]

Well, it's a matter of speculation and no one is really sure what's gonna happen! However, with the current lockdown situation in many countries, I expect the activities around bitcoin and other major cryptos to increase. But not certainly sure what way it would go. But it seems like $5000 is a strong resistance point for bitcoin and it is highly unlikely to go below that point. But if by chance, it brakes the $5000 point, it may go way down till $3000 level.

But as I said, this just speculation and no one really knows what's gonna happen! Stay safe amigos!

[GreatArkansas]

It's kinda tough. As what other said, the dump last week and probably the cause of coronavirus(covid 19) outbreak is already the bottom, which is below $4,000, around $3,800 I think. While for me, if we will not to fall again below $5,000 then for sure we are safe to fall again below $3,800 or the recent bottom of this month.

[sujonali1819]

I think it can go again 4500-4000 dollars from now. Though the BTC is holding 6000 dollars support level. If btc can hold this support level for few days then we can see BTC will cross the 7000 $ level. But if we can see btc can not hold the 6000$ support level then we can see another quick dump to 4500$ to 4000$. It’s my personal opinion. Maybe some can not agree with me. 

[Timelord2067]

I expect we will be back to $1,000 to $1,250 by the end of this year.  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.  Investors will cash out and the price will collapse.

[Gozie51]

I expect we will be back to $1,000 to $1,250 by the end of this year.  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.  Investors will cash out and the price will collapse.

Will this mean if corona virus is gone, then such  policy of closures will remain till six months elapse ?
No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.

[ethereumhunter]

How if we say that the bitcoin price can get down in $2,500-$4,000? Because we don't know for sure what price bitcoin will go down before the bull run happens. We already saw bitcoin price reach below $4,000 before, so I guess that we might see that price again. But maybe that will not occur if there is strong support that can hold the price not to going down deeper than that number.

[sheenshane]

IMO, Bitcoin will remain at $6k range until the halving will come. Once Bitcoin halving has successfully occurred, probably the price will back to $10k or more and there is what we called a bullish trend. But all of these are remain speculation that we had in our different perspective way, either it was Technical or Fundamental analysis. We can predict on our own.

We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.

[enhu]

I expect we will be back to $1,000 to $1,250 by the end of this year.  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.  Investors will cash out and the price will collapse.

Will this mean if corona virus is gone, then such  policy of closures will remain till six months elapse ?
No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.

Even Warren Buffet who has no interest to BTC will likely be buying millions when price dips $1000. I would hope for price no to go that low though. That is something of a tragic in the market, it will not lift the spirits of those who keep holding.

IMO, Bitcoin will remain at $6k range until the halving will come. Once Bitcoin halving has successfully occurred, probably the price will back to $10k or more and there is what we called a bullish trend. But all of these are remain speculation that we had in our different perspective way, either it was Technical or Fundamental analysis. We can predict on our own.

We know that Bitcoin is unpredictable, let see and wait what will happen next. Even if Bitcoin were on bullish trend but if you don't hold any amount of it, it's useless in your side. Accumulate while it is very cheap and let the time will reveal the truth.

Its going to be predictable in times of crisis. Its fiat that BTC holder will sell for food and medicine are the most important in times like this. Only few people are the ones going to invest and probably just from a country not affected by pandemic.

[Maestro75]

I think it can go again 4500-4000 dollars from now. Though the BTC is holding 6000 dollars support level. If btc can hold this support level for few days then we can see BTC will cross the 7000 $ level. But if we can see btc can not hold the 6000$ support level then we can see another quick dump to 4500$ to 4000$. It’s my personal opinion. Maybe some can not agree with me. 

That is a prediction that you have made here but Bitcoin does not respect predictions. Atleast we have seen this from the past. My take on this is that no matter what happens Bitcoin can not die. History has proved this to be correct. It can only fluctuate and then go steady again.

[Sanugarid]

Well, it's a matter of speculation and no one is really sure what's gonna happen! However, with the current lockdown situation in many countries, I expect the activities around bitcoin and other major cryptos to increase. But not certainly sure what way it would go. But it seems like $5000 is a strong resistance point for bitcoin and it is highly unlikely to go below that point. But if by chance, it brakes the $5000 point, it may go way down till $3000 level.

The core is speculation, I must agree no one's really sure of what's behind those numbers and how low it could go but I'm only sure of one thing it would not be ZERO lol. As I see the price falling down for consecutive days, I thought it would reach below $4K but it stopped there so it means there is already a resistance on that level where bitcoin could no longer go below that, I hope so. Whatever the price is if it is below $10K then might as well buy a bunch of it.

Stay safe amigos!

Stay safe Man!

[Chrystora123]

IMO.. won't be far from $3,500 - $4000..

I expect we will be back to $1,000 to $1,250 by the end of this year.  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.  Investors will cash out and the price will collapse.

I think this is too unreasonable, if the cause of the closure of all businesses is because of Covid-19 then when the Covid-19 vaccine is found, businesses in Australia will be reopened.  I am very optimistic that the researchers are very close to the vaccine, let's pray together..

[CryptoVzla]

so far i see bitcoin will stay about 4000-6000 usd for now and not going any lower before next bullish running on the market, that drop price just a money game from whale that wanted new investor to investing on bitcoin so they dump the bitcoin and make new buyer think " oh its good time to invest on bitcoin " its will continue everytime.

[sujonali1819]

I expect we will be back to $1,000 to $1,250 by the end of this year.  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.  Investors will cash out and the price will collapse.

I don’t think really like you. Yes, it’s right that the condition of the world is not good. And investors are losing their money hardly. Even this condition might be go farther down. But I can not agree that btc will go to around 1000$.

Hope GOD will save us from bad things and all will be ok again like past. And we will see a huge spike of bitcoin.  

[Findingnemo]

I would say $4000-$4500 could be the real low the bitcoin can go but I hope there is no need for btc to go that much deeper again since its started to recover after the panic sell was created due to corona to $6000 range. I don't have any theories why I picked this value but I am hoping for the best in upcoming days likely to be bullish or stay at the region until havling.

[Oceat]

Bitcoin did dropped to $3,500 before and I think it will going to happen again, although the $6,000 price is quite strong resistance this week. But I just voted the $5,000 - $4,500 since Bitcoin is quite stable with this price but I don't actually know if this is the closest one. It all depends on the situation of the market and the people on how the price would change since after this lockdown I'm sure there are changes that's going to happen again.

[pixie85]

I don't feel bullish anymore after seeing the high rate of Bitcoin volatility, therefore 6200$ is not a bullish zone! The world's economic ecosystem is passing a rough time, not just crypto. There is no sign of Coronavirus gone out, so, the crypto market will remain in bear zone more days, as there is no good news in the crypto market. So, To be honest, I am prepared for a high drop, I think if another dump comes, then the bear will hit the 3500-3000 USD zone!

And that's exactly where we should be in a real correction. When people who sit on a Bitcoin forum start to capitulate and lose faith in levels that are well priced and still profitable for miners like 6000 and 5000 you know it's the real shakeout.

Put yourself in a position of a new investor who always wanted to buy and has fiat at hand. He hears about quantitative easing and rate cuts and he doesn't feel safe being 100% in fiat. Bitcoin goes down 50% from its 2020 high price and he will buy. Smart people are getting more now when you are capitulating. This is how it work, we can't all be rich.

[Kelvinid]

I'd rather have to choose at $5000 if we are in control of the market but we don't and so we are not sure about this.
If this slow recovery will continue, it for sure we will surpass at $7k (at least) before halving. But we also think that the global health issue isn't over yet that it makes the market more volatile as it works. But even this dumb lows will still be sticking in the corner, I will not sell my Bitcoin unless if I badly need of money.

[Wexnident]

Will this mean if corona virus is gone, then such  policy of closures will remain till six months elapse ?
No I don't think so. Therefore, I expect that bitcoin price will increase beyond $6,200 anytime soon because new cases are really handled better than when it started in February.

You can't really make the virus disappear. At most, a vaccine could be made, but I doubt the release of the vaccine is going to happen in the next few months. So even with the vaccine done, the quarantine/closure would probably remain, until it is ensured that every citizen has taken the vaccine. As for the price though, a vaccine is all you'd need for investors to start realizing that it's time to come back and invest once again. As for the possible price increase? It hugely depends on how the train of investors are going to come. If they all come at the same time, then there's a possibility of everyone being quite excited about investing and making it soar through quite a lot.