I doubt Bitcoin will dip below 20k again

[freedomgo]

You are right. If the crypto market is not volatile then how is it crypto! But what you said is that now the big companies understand the importance of Bitcoin and they are adopting it. In the near future, bigger companies will come forward to adopt Bitcoin and that will be a huge thing.

So the situation is different now from the bull market of 2017. Demand for Bitcoin will increase in the coming days and its impact will be felt in the market.

Crypto always considered to be volatile or even called volatile investment because the market is quite low in market cap which expose it to manipulation I assume and the slightest panic selling could affect the entire market. Once its market capitalization reaches beyond $5 Trillion I can guess that it's less volatile than it used to be but well it seems people already considers volatility as characteristic of bitcoin, that could change very soon though!

Just like as its affected the market when there's a hype, and FOMO happened.
Believe me, as soon as there's a bad news, this market will dump because people will panic, I hope it will not dump very low like what happened in 2018.

The ATH now is already at $40k, I like to witness how correctio would affect the price, will it dump below $20k or not?

[gabbie2010]

I also doubt that bitcoin's price will go down below $20K again because bitcoin is currently in the range of $34K, and more people are still buying bitcoin due to mass adoption. So I positively think that bitcoin will not go back below its $20K price, that is why I feel sorry to myself for selling most of my bitcoins too early.

The volatility is too strong for the price to go below $20K, the overall market condition is very bullish the price is above $41K now thus if a pullback to occurs that means a 50% correction with I believe is unlikely and unrealistic going by the growing mass adoption and demand of bitcoin, some speculators said the is likely a replica of 2017 when the price hit ATH  based price history repeat itself the unfolding event in the present day is obviously different from that of 2017.

[Maslate]

I also doubt that bitcoin's price will go down below $20K again because bitcoin is currently in the range of $34K, and more people are still buying bitcoin due to mass adoption. So I positively think that bitcoin will not go back below its $20K price, that is why I feel sorry to myself for selling most of my bitcoins too early.

The volatility is too strong for the price to go below $20K, the overall market condition is very bullish the price is above $41K now thus if a pullback to occurs that means a 50% correction with I believe is unlikely and unrealistic going by the growing mass adoption and demand of bitcoin, some speculators said the is likely a replica of 2017 when the price hit ATH  based price history repeat itself the unfolding event in the present day is obviously different from that of 2017.

I don't agree with it, as if it didn't happened in the past, remember bitcoin dip to $3000 when it reached at ATH of almost $20k, so that's more than 50% dump and it happen in just a very short period of time.

[peter0425]

Too many institutions and big money behind it now!!!   Whats everyones opinion explain?BTC

And it's getting more doubtful now as the Price arise up to 41,000$ So dropping bellow 20k is far from happening this soon.
Lets see when the Price starts to fall and when the 25,000$ becomes the Bottom then we may expect a small dip down to bellow 20k .

But Lets Just forget about that for a while ,because we are still enjoying our days with the Highest value Bitcoin ever Has.

[exstasie]

What's strange about this bull run is when a pull back happens, the alts are not rising.  They're also dropping in unison.

A handful of stronger alts have performed well vs. BTC.

In general though, you're right. I believe that's happening for 2 reasons. First, BTC momentum is too strong. There has been no sustained sideways consolidation for the last few weeks, so there is immense pressure to exit alts and hold BTC. Second, I think retail has barely begun piling into the market. Everyone I talk to already thinks BTC is "too expensive" though, so when they do FOMO into the market, they'll be buying alts.

[plr]

Too many institutions and big money behind it now!!!   Whats everyones opinion explain?BTC

The crash of 2017 was because of the absence of institutions that cannot support the crash, few whales and many small investors, things are very much different now, there are many whales and institutions are coming in, and the number of small investors have also grown.

[cabron]

There isn't a way to tell whether it will not go down that low after the bullrun is over. I never expected the price of ETH to go below $100 back 2018 actually. I was hoping to hold more than 50ETH on my account which I bought at $200. It was an unfortunate loss that after it hit $1200, it can actually dip that low. The fiat money still is given importance after all these adoptions taking place since there isn't a way to make use of the tokens in the real world.  You hold thousands of BTC and ETH but if you can't spend it offline, you are still in a terrible situation. You will still be selling them.

[mirakal]

There isn't a way to tell whether it will not go down that low after the bullrun is over. I never expected the price of ETH to go below $100 back 2018 actually. I was hoping to hold more than 50ETH on my account which I bought at $200. It was an unfortunate loss that after it hit $1200, it can actually dip that low. The fiat money still is given importance after all these adoptions taking place since there isn't a way to make use of the tokens in the real world.  You hold thousands of BTC and ETH but if you can't spend it offline, you are still in a terrible situation. You will still be selling them.

We missed that opportunity because we loss faith on ETH, but now we are seeing it pump again, it urge us to buy or tells us the words "what if".. It's not too late yet, we just have to keep learning from our experience especially out mistakes, bitcoin and ETH will both dump, we should don't know what price but we have to get them at dip as that's an investment opportunity.

[Mahanton]

There isn't a way to tell whether it will not go down that low after the bullrun is over. I never expected the price of ETH to go below $100 back 2018 actually. I was hoping to hold more than 50ETH on my account which I bought at $200. It was an unfortunate loss that after it hit $1200, it can actually dip that low. The fiat money still is given importance after all these adoptions taking place since there isn't a way to make use of the tokens in the real world.  You hold thousands of BTC and ETH but if you can't spend it offline, you are still in a terrible situation. You will still be selling them.

We missed that opportunity because we loss faith on ETH, but now we are seeing it pump again, it urge us to buy or tells us the words "what if".. It's not too late yet, we just have to keep learning from our experience especially out mistakes, bitcoin and ETH will both dump, we should don't know what price but we have to get them at dip as that's an investment opportunity.

You cant blame out people on not to have those doubts because we are seeing  that bitcoin does only have some serious price rally and not on alts.
So its not a bad presumptions on not to take action toward ETH.

In the time that we do still see ETH in 700+ then lots had speculated if it would go to its ATH again but not all have considered on making such step for them to buy while
its still on that price point.

Its an another missed opportunity for someone who haven't risked out on that time.

[jostorres]

Too many institutions and big money behind it now!!!   Whats everyones opinion explain?BTC

And it's getting more doubtful now as the Price arise up to 41,000$ So dropping bellow 20k is far from happening this soon.
Lets see when the Price starts to fall and when the 25,000$ becomes the Bottom then we may expect a small dip down to bellow 20k .

But Lets Just forget about that for a while ,because we are still enjoying our days with the Highest value Bitcoin ever Has.

I wouldn't be so sure about it right now. I am one of those people who say under 20k is a tough call and would probably not happen, but I am not saying it is far from happening neither, it all depends on the market situation.

If the market suddenly believes it is going down, and people start selling, going under 20k wouldn't be that impossible, it would take at most a week for it to go there if the market wanted and sold accordingly. We have reached from 20k to 40k levels, literally double the previous ATH, in just one month, so it wouldn't be a shock to go back under 20k with basically no support lines worthy to hold the price above.

I believe we are not looking like we are going to drop right now, but we are not looking like we are going to be doing that bad neither. We are definitely at a place where we could probably get away with 50k to 60k right now.

[KTChampions]

We missed that opportunity because we loss faith on ETH, but now we are seeing it pump again, it urge us to buy or tells us the words "what if".. It's not too late yet, we just have to keep learning from our experience especially out mistakes, bitcoin and ETH will both dump, we should don't know what price but we have to get them at dip as that's an investment opportunity.

At that time it was easy to lose faith in ETH, I remember this time very well - after a time of euphoria, a depression came - 99.9% of ICO turned out to be a scam and investors threw off any assets at any price. I was optimistic until the very end, but I was forced to sell part of the ETH savings due to the fact that money was required for everyday expenses.

[BuNga_cute]

It is true that now too many institutions are investing in Bitcoin, apart from making the price of Bitcoin skyrocket. This makes Bitcoin more stable
and less likely to collapse, as happened in 2017. Because institutions are usually invested in the long term and not to pump and dump, so agree
if Bitcoin is very small possibility will drop below the price of $ 20,000 again.

[STT]

If there is a big call for dollars then all sources sellable into dollar will be under pressure, hence sub 20k.   It would be ignorant to think price merely is a result of internal changes in BTC but also in the denomination its traded in, weaker dollar has some effect on higher price.  If thats the case then the tide of liquidity can as easily withdraw as it has advanced; at least short term this is the case.

[mirakal]

Bitcoin has a huge dump today, if this will go down $20k+ then we can say that $20k and below is possible.

Think of this, it's high was $40k+, now dump had a low of $32k+ and this might continue.
When the market is bleeding and bearish, everything is possible.

status for today.

[aioc]

Bitcoin has a huge dump today, if this will go down $20k+ then we can say that $20k and below is possible.

Think of this, it's high was $40k+, now dump had a low of $32k+ and this might continue.
When the market is bleeding and bearish, everything is possible.

status for today.

Everything happens so quick now, huge pump within two weeks and now this, I have a feeling that whales are enticing investors to dump so they can buy cheap again, I don't see any bad news that makes the market bleed like this, I expect the market to get up again, it's just a manipulation, let's see how it play out in the coming days and weeks.

[bitterguy28]

Too many institutions and big money behind it now!!!   Whats everyones opinion explain?BTC

Below 20k is indeed far from happening ..

But we may experience 20,000 level again , as of this moment we are 4k to go before tasting 20k level once more .

And if this is our Correction , then i will be very glad.

[coinbiz]

LOL at all the people saying below $20k isn't going to happen because of institutions.  We're about to hit below $30k any moment now.  Institutions are made up of people.  People still trade on emotions. 

[KTChampions]

LOL at all the people saying below $20k isn't going to happen because of institutions.  We're about to hit below $30k any moment now.  Institutions are made up of people.  People still trade on emotions. 

It's not about emotions, it's just that ordinary investors are too optimistic and think that institutional investors will help them. In fact, the interest of an institutional investor may be to lower the price to 5 thousand and make purchases (from weak hands) in that range, and get a profit in general after 3 years.

[thecodebear]

LOL at all the people saying below $20k isn't going to happen because of institutions.  We're about to hit below $30k any moment now.  Institutions are made up of people.  People still trade on emotions. 

You realize $30k is $10k higher than $20k right? The correction would need to DOUBLE from the current bottom to hit $20k. Extremely unlikely to happen. I wouldn't be surprised if $30k was the bottom, maybe at lowest the $27k the last bear trap went to. And a correction from $41k to $30k isn't surprising at all.

Institutions are made up of people sure, people who probably spent months having meetings and analyzing the market before deciding to buy in long term. They're not gonna sell a few weeks later for what they planned to be a 5 or 10 year investment. There is probably a small percentage of institutions that are looking for a quick trade and will get in and out depending on the market short term moves. But most are looking to keep their wealth safe and are buying long term.

I'm gonna say LOL to the person saying it'll drop to $20k just because it hit $30k lol

Price will probably be over $40k again by Feb 1st haha and hit $50k by end of Feb.
I'm seeing articles popping up the past 24hrs saying this is the end of the bull market haha, or saying bitcoin will go to zero now, or saying investors could lose all their money now. Bitcoin bears are proven wrong every single time, but as soon as they see a red candle they think they were right all along haha! I feel bad for anyone selling now that isn't able to get back in lower. Bitcoin moving from weak hands to strong hands right now as the market establishes a floor probably around ~$30k.

[hahay]

When the price continues to hit highs at least it will convince most people who believe in bitcoin to believe about the same, even if the price keeps falling at least I'm sure the price will still struggle in the 20k-30k range and maybe that's what will happen later. But if the price can reach the predicted 50k or even higher, maybe the bottom will just continue to struggle above 30k and that is a very extraordinary achievement.