I doubt Bitcoin will dip below 20k again

[milewilda]

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

Nothing is impossible we must never rule out anything, what happened last year about the pandemic is beyond our control and it could possible again, I don't rule pout the possibility, but if there's no pandemic like situation I think we are ok, I also doubt that Bitcoin will go down $20 k level I hope many institutions continue to join the market so we can see more buy then sell.

Why people are really fan of connecting pandemic into this current market prices movement? If we do try to look back then it doesnt really affect that much and to
think that we are still on the amidsts of this pandemic situation but look on where we do able to reach out? You are definitely right when you do say that we shouldnt rule out anything.
Things can happen possibly on this market moving from 30k down to 20 and down to 10 or going back into that all time low of 3k.
This market is unpredictable but basing off somehow on the level of adoption then its really hard to believe but hey, it can really changed with a glimpse.

[suzanne5223]

I hope bitcoin doesn't drop any deeper than $ 30k and if that happens then it is possible that a deeper dump,
and past $ 20k could happen, yup this is a bad scenario, I hope bitcoin can survive

Bitcoin not dump below the $30K was what every crypto enthusiast hope for but we need to be realistic about the market cause the January market pump came in by surprise so the market will definitely experience dump in price when we dont expect and I dont expect the dump to reach $20K price because it will market blood bath season before we can see that happen.

Well, we technically did dropped under 30k, it wasn't really that bad and it was instantly went over 31k once again, which shows you that we are doing fine, not horrible and not good neither but doing fine. That type of recovery is what we need, that way we could potentially do a lot better in the future knowing that when the price goes down to a level, we buy and go up. Obviously that level was 32k dollars and we have gone under that and eventually went even under 30k as well but recovered from there.

It good to know you follow the price of the market very well and the instant increase of the yesterday market after it dump low $30K shows that the day and arbitrage traders are the key drive in this current market but it still don't proof the market to be easy to follow for dangerous for newbie traders cause the market can switch trend for no reason.

This tells people that the "bottom" of this run could be getting lower and lower which is a scary thought. At the end of the day if we are talking about recovery and going back over 40k, I am sure that is going to happen eventually, but how low will we get before we reach to 40k? I do not know. We could reach to 40k+ now with a good bull run, or maybe go to 20k and reach to 40k a year later, anything is possible.

This current market is hard to predict and the best thing to do is follow the trend the market provides because this is the time some group of whales or traders decided to move the market just to increase their profit.

[dre1982]

No one can predict what will happen next with Bitcoin. Looking at the present trend and the amount of money being invested it will go up but it will also go down as there are investors who will be booking profits. But, it is hard to say where will it land when it goes into red.

True, this can be difficult to predict, as market conditions change from time to time. Sometimes we will be surprised that it has achieved the new ATH

After the first spike end 2017 we also thought it would never go back below $10k and it went way lower.

As others says, we just don't know.  We just have to wait and see.

[Wawa2013]

Nobody knows where Bitcoin will go, we can only analyze it. Then based on the analysis that I have done, the result is that it is possible that Bitcoin
will not come back below the $ 20k price again. The reason is that Bitcoin is now in demand by several institutions, which have bought Bitcoin
in large quantities.

Following this the Bitcoin price in recent days has been quite stable above the price of $ 30k, even today it has managed to go up to the price of
$ 33k. But the results of my analysis may not be 100% accurate, so be careful investing in Bitcoin. Always use the stop-loss feature, to anticipate
if Bitcoin price falls.

[Asuspawer09]

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

I agree with that, the demand in bitcoin and investors are just way higher than before, even around 25k$ surely investors are just gonna invest in bitcoin no matter what for the possible profit.

Investors could easily increase its market price plus there are so many articles of million-dollar investors in bitcoin. But probably it could still happen but for just a short time.

But surely bitcoin would easily recover from these dumps in the market no matter what, I'm also hoping for a deep to hopefully reinvest some for more profit.

[thesmallgod]

Demand is getting high and people are getting to know more about the importance of bitcoin. A week cannot pass by without bitcoin trending on social media. The rate at which the price recovers when people take profit have also been great which means when the price go down again, people are ready to put money because they believe the price will rise again so I am very sure it will be hard to see bitcoin getting below 20k again. The worst that might happen is to fall below 30k to around 25k but going below 20k is not holistic especially at the moment that institutional investment is growing high

[Oceat]

Demand is getting high and people are getting to know more about the importance of bitcoin. A week cannot pass by without bitcoin trending on social media. The rate at which the price recovers when people take profit have also been great which means when the price go down again, people are ready to put money because they believe the price will rise again so I am very sure it will be hard to see bitcoin getting below 20k again. The worst that might happen is to fall below 30k to around 25k but going below 20k is not holistic especially at the moment that institutional investment is growing high

Correct, and if we watch closely to the volume of the market today compared to 2017 you will see a bigger bit difference and if institutional investment continue to grow higher I doubt we will see Bitcoin below $20k again. Though with the recent dip due to the price correction plus the people with weak hands tend to dump that's why Bitcoin is down from what the last time I saw $38k

We are still in a very bullish price even if some would say it's dropping, imagine from $13k before to $30k+ or even $40k in a short period of time. Although we can't blame those weak hands to sell if they saw Bitcoin starting to decline but that's just part of the price correction and at the end of the day they still think about getting their profit.