HOW LOW BTC CAN GO?

[ololajulo]

If the first week of isolation covers the whole world begins, we might realize we dont need money as we respond to the panic in past week. Lets get the necessities in our homes and assurance of health. Imagine how many bitcoin will be lost as many die in coming months. As time passes many will be looking for what to hold on to like bitcoin after the crises end. April will be pivotal in the space, after April and we stay above $5k we might stay above it throughout the year

[DarkDays]

Surprised that there's no $1,000 option.

There is practically no resistance between $4,000 and $1,000... If it breaks through the strong support at $4,000, there is a good chance we could see a nasty flash crash all the way down to $1,000.

At that point I'd be going all in on Bitcoin, since I don't think we will ever see that value ever again.

Tbh, I doubt we'll even see $1,000. But if we do go back to $4,000 (like we almost did just days ago), it's certainly possible.

[xZork]

At the present time, the world is facing the risk of financial crisis caused by corona virus, many businesses are closed and the world trade situation is going in a bad direction. So I think bitcoin will go down in price in the near future, so it's likely to drop to $ 2500 ~ $ 3,000.

Everyone understands that the world's disease situation will make the financial situation chaotic and the world is likely to fall into a crisis. But the price of $ 2500 ~ $ 3,000 is too low, I think we should be more optimistic.

[CryptoLordguru]

At the present time, the world is facing the risk of financial crisis caused by corona virus, many businesses are closed and the world trade situation is going in a bad direction. So I think bitcoin will go down in price in the near future, so it's likely to drop to $ 2500 ~ $ 3,000.

You do have points but lets see. It is indeed going to be interesting to see beforehand

Everything is possible in the cryptocurrency market, Btc at $ 2500 ~ $ 3,000 is just my prediction and I don't expect it to come true. I wish I could see Btc rise to $ 20,000 right now, maybe at the time many people in this forum would become millionaires.

True, everything is possible

The price moves like crazy these last few days, I mean we have literally seen a push to 6.8k, drop to 5.6k, push to 6.5k, drop to 5.6k, push to 6.9k! and drop a bit, this has been basically showing everyone that bitcoin is not going down because it is literally trying to go up, however it is also quite obvious that it is having hard time going up as well, so we are basically stuck in a very big spread instead.

Spread is normally where you buy and sell and there is a difference, so lets say 6530 to 6500 for example, that 30 dollars is the spread between buyers and sellers, well right now we basically have a 5.5k-7k spread . I know it sounds crazy but that is true you have admit that price has been quite volatile in the past week or 10 days or so.

I do agree with you. It has been mostly moving in that spread range And it does sound crazy

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.

Yeah, no one knows when bitcoin will rise now and when it will be dump how much it gonna rise and how much it gonna fall so it's all about the use of bitcoin in our life as the more we use it the more demand will rise and supply will be low so the price will rise itself.  Better if not to trade yet and if you jump into trading just choose long term trading than suffering loss.

I agree with you as well

If the first week of isolation covers the whole world begins, we might realize we dont need money as we respond to the panic in past week. Lets get the necessities in our homes and assurance of health. Imagine how many bitcoin will be lost as many die in coming months. As time passes many will be looking for what to hold on to like bitcoin after the crises end. April will be pivotal in the space, after April and we stay above $5k we might stay above it throughout the year

Nice ananlysis Still it is hard to say anything for sure in this space.

Surprised that there's no $1,000 option.

There is practically no resistance between $4,000 and $1,000... If it breaks through the strong support at $4,000, there is a good chance we could see a nasty flash crash all the way down to $1,000.

At that point I'd be going all in on Bitcoin, since I don't think we will ever see that value ever again.

Tbh, I doubt we'll even see $1,000. But if we do go back to $4,000 (like we almost did just days ago), it's certainly possible.

Thanks for the information. I didn't check the support levels at the time of making this poll but I will keep my eye on it as well. So far, I don't see any such kind of movement but everything is possible in this space. Lets stay alert and safe I have only one view i.e to increase my btc amount no matter what the price is in usd.

At the present time, the world is facing the risk of financial crisis caused by corona virus, many businesses are closed and the world trade situation is going in a bad direction. So I think bitcoin will go down in price in the near future, so it's likely to drop to $ 2500 ~ $ 3,000.

Everyone understands that the world's disease situation will make the financial situation chaotic and the world is likely to fall into a crisis. But the price of $ 2500 ~ $ 3,000 is too low, I think we should be more optimistic.

We are optimistic and everybody in here is waiting for any chance to buy more if the crash happens which is likely not to happen

[bitcoin31]

The barrier of the bitcoin I think is $5000 and once it down to that value it will start increasing again but I hope this value of the bitcoin is the lowest value because it's better to have this value than the lower of that. But we cannot sure about the lowest possible price of the bitcoin until now it's still mystery when bitcoin start rising and most of us our praying to happen again.

[Assface16678]

Because of the outbreak happens to the world and this is caused by the virus that we called as the Coronavirus or the NCov19 there are people affected also the stock market there are a lot of tradings and more transactions getting cancelled and declined because of the outbreak also the bitcoin price got to fall down in the first weeks of the bitcoin it is just stable for over 8k dollars and after a week it immediately falls down into 6k dollars and one of the lowest market prices that the bitcoin reach today of 2020 is over 3.8k dollars and that is so huge before this outbreak and sign happen many traders pulling out their funds to make it safe but to those people does not expect the market fall for over into 4k dollars and now they need to hold their coins and it is good to the people to make more investment because by just following the basic rule of buy low and sell high you can now make a lot of earnings by that and it can give you a huge market income because the halving is coming too and this is one of the reasons why it falls down. Still, we are looking forward that the market price of the coin will reach out over the previous market price of over 14k dollars.

[Janation]

The barrier of the bitcoin I think is $5000 and once it down to that value it will start increasing again but I hope this value of the bitcoin is the lowest value because it's better to have this value than the lower of that. But we cannot sure about the lowest possible price of the bitcoin until now it's still mystery when bitcoin start rising and most of us our praying to happen again.

I don't think that there is this barrier as you said.

When the price dumped this week, the price of Bitcoin reached as low as $4K, some of the markets even reached to $3.8K or $3.9K. I think there is no barrier at all but we have these holders, these investors that will always take the dumps for granted. Forget the barrier price but think of the opportunist that will bite the bait when it is clean to do so.

[Japinat]

The barrier of the bitcoin I think is $5000 and once it down to that value it will start increasing again but I hope this value of the bitcoin is the lowest value because it's better to have this value than the lower of that. But we cannot sure about the lowest possible price of the bitcoin until now it's still mystery when bitcoin start rising and most of us our praying to happen again.

I don't think that there is this barrier as you said.

When the price dumped this week, the price of Bitcoin reached as low as $4K, some of the markets even reached to $3.8K or $3.9K. I think there is no barrier at all but we have these holders, these investors that will always take the dumps for granted. Forget the barrier price but think of the opportunist that will bite the bait when it is clean to do so.

It dump that low because there was a manipulation, for a normal dump, it would not dump 50% as that is too much.
But let us always accept all the possibilities as like what I've said, the market could be manipulated but the good thing is it bounces back strong again.

It's hard to predict what would happen next, it could either dump again or pump big time, we just have to be ready with anything while continuing to believe that the crypto market is here to live so it'll survive no matter how big the dump is.

[tbterryboy]

The truth is that we can’t really tell he direction the price of Bitcoin or any other altcoin will be moving. There are always two possibilities to which direction the price will go to.

I don’t do the analysis myself, rather I do research and look for experts analysis to know where the market will be heading to next. Cointelegraph.com has been one of my favorite sources for technical analysis; they do technical analysis on the top ten cryptocurrencies in the market every week. Their latest analysis on 27th March reveals that traders should set their stop loss at $5,600.

[Kurokonobasuke]

Well, the world is experiencing a difficult crisis because of the pandemic coronavirus that effects throughout the world. Because of that the market price are go down deeply at 4,000 and up. For me, I think this situation must go longer because the coronavirus is not yet done in spreading it and also there is no cure that is invented for coronavirus nowadays so that it is difficult to predict on how long can last this crisis. So that I didn’t predict on how bitcoin can go low. It is volatile and we don’t now on when the bull run strikes because on the situation now.

[ethereumhunter]

I think enough see bitcoin back to higher price and give opportunity to get much profit, right now just waiting with halving bitcoin is only our chance see bitcoin back to higher price or not, maybe bitcoin will make dump or keep going on to higher price until in this year.

But you need to be careful because we don't know if bitcoin will be down or not after this, and if the bitcoin price is down, we do not know how low bitcoin price will be. But I see that there will be a correction for the next day, but I am not sure when it will happen, just be ready and prepare for anything that might happen.

[Viscore]

I think enough see bitcoin back to higher price and give opportunity to get much profit, right now just waiting with halving bitcoin is only our chance see bitcoin back to higher price or not, maybe bitcoin will make dump or keep going on to higher price until in this year.

But you need to be careful because we don't know if bitcoin will be down or not after this, and if the bitcoin price is down, we do not know how low bitcoin price will be. But I see that there will be a correction for the next day, but I am not sure when it will happen, just be ready and prepare for anything that might happen.

Even if bitcoin will drop to $3000 again, it should not worry you or make you panic if you trust bitcoin.
We can't be sure with this situation we are facing now, the stock market has fallen, and bitcoin or crypto market is no exemption.

Let's just hope that experts are wrong, and bitcoin will prove that it's a strong asset in this global crisis.
If only bitcoin will start to be bullish now, there is reason people will invest because halving is approaching.

[Sadlife]

Well if there are no suspicious activities coming from exchanges like Bitmex, Coinbase and Binance then we should expect a consolidation phase before a major breakthrough to the upside. Considering the big 40% dump due global economy stability crumbling and the dollar is printing unlimited paper money and stimulus package. The BTC price already bottomed and only strong hands are in the Bitcoin space.

[bitcoin31]

Well if there are no suspicious activities coming from exchanges like Bitmex, Coinbase and Binance then we should expect a consolidation phase before a major breakthrough to the upside. Considering the big 40% dump due global economy stability crumbling and the dollar is printing unlimited paper money and stimulus package. The BTC price already bottomed and only strong hands are in the Bitcoin space.

I hope so that it is the bottom value of the bitcoin but maybe if it's dumping again the price of 5000 dollars is the bottom and most of the crypto user believe on that. But actually we do not know what is the bottom value . I want to see again this coin start increasing again.

[Twentyonepaylots]

Well, the world is experiencing a difficult crisis because of the pandemic coronavirus that effects throughout the world. Because of that the market price are go down deeply at 4,000 and up. For me, I think this situation must go longer because the coronavirus is not yet done in spreading it and also there is no cure that is invented for coronavirus nowadays so that it is difficult to predict on how long can last this crisis. So that I didn’t predict on how bitcoin can go low. It is volatile and we don’t now on when the bull run strikes because on the situation now.

I guess this is the time that we should stop blaming the coronavirus since it gets severed over a couple of weeks but the bitcoin has a strong resistance with the current range now. There are tons of speculation about how low it can go during this crisis and how high it can go after the halving, I'll say it go low for about a $4000 and $15000 this year amidst the following world events. Perhaps, we are not seeing the impact of the current events yet that we are still staying too positive with it, hence no one's really sure of what is coming.

[hahay]

Well if there are no suspicious activities coming from exchanges like Bitmex, Coinbase and Binance then we should expect a consolidation phase before a major breakthrough to the upside. Considering the big 40% dump due global economy stability crumbling and the dollar is printing unlimited paper money and stimulus package. The BTC price already bottomed and only strong hands are in the Bitcoin space.

I hope so that it is the bottom value of the bitcoin but maybe if it's dumping again the price of 5000 dollars is the bottom and most of the crypto user believe on that. But actually we do not know what is the bottom value . I want to see again this coin start increasing again.

I don't think there is any basic value because if they or the holders want to sell all the assets they have, then the big collapse will be very easy to happen but at least there is something or other reasons to keep the value above 5k. This is an unexpected event because it happened simultaneously but at least when this economy can recover then of course it will also have a big impact to increase and make everything back to normal.

[Abhijeet Tripathi]

Within 1 month and in other time frames , initially there is normal trend of up and down but currently the trend is sideways.
     But analysing different factors I predict most probably  bull behaviour because after sideways trends price is going up.

[Pamadar]

Well, the world is experiencing a difficult crisis because of the pandemic coronavirus that effects throughout the world. Because of that the market price are go down deeply at 4,000 and up. For me, I think this situation must go longer because the coronavirus is not yet done in spreading it and also there is no cure that is invented for coronavirus nowadays so that it is difficult to predict on how long can last this crisis. So that I didn’t predict on how bitcoin can go low. It is volatile and we don’t now on when the bull run strikes because on the situation now.

I guess this is the time that we should stop blaming the coronavirus since it gets severed over a couple of weeks but the bitcoin has a strong resistance with the current range now. There are tons of speculation about how low it can go during this crisis and how high it can go after the halving, I'll say it go low for about a $4000 and $15000 this year amidst the following world events. Perhaps, we are not seeing the impact of the current events yet that we are still staying too positive with it, hence no one's really sure of what is coming.

No one indeed can tell what probably the next market value, we are still positive even a lots of countries are already implementing lockdowns and more
economy are falling, looking with how stock market are working right now, though bitcoin still trying to push and keeping the momentum forwardly we still don't have any clear outlook whether the market will continuously be strong or it will fallback once again.

[bitgolden]

Bitcoin could go as low as possible, it "could" go under 1000 dollars, that is not really what this is about, bitcoin "could" but "won't" go down that much, we are the ones who will stop that from happening. Think of how many of us here who would buy bitcoin under 4k when we have money, how many of us who will buy under 3k, and that number keeps growing the lower the price gets because more and more people would be willing to buy bitcoin the lower the price gets.

It means price actually can't get that low, if there are so many people who are willing to buy from low, that means eventually it will stop going low as well. That is what happened this month and that is what would happen when bitcoin tries to drop as much as possible. This why technically speaking it could worth less than 1 dollar, there is nothing technical that can stop it, but people wouldn't allow that.

[Kelvinid]

Well, the world is experiencing a difficult crisis because of the pandemic coronavirus that effects throughout the world. Because of that the market price are go down deeply at 4,000 and up. For me, I think this situation must go longer because the coronavirus is not yet done in spreading it and also there is no cure that is invented for coronavirus nowadays so that it is difficult to predict on how long can last this crisis. So that I didn’t predict on how bitcoin can go low. It is volatile and we don’t now on when the bull run strikes because on the situation now.

I guess this is the time that we should stop blaming the coronavirus since it gets severed over a couple of weeks but the bitcoin has a strong resistance with the current range now. There are tons of speculation about how low it can go during this crisis and how high it can go after the halving, I'll say it go low for about a $4000 and $15000 this year amidst the following world events. Perhaps, we are not seeing the impact of the current events yet that we are still staying too positive with it, hence no one's really sure of what is coming.

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.