Can Bitcoin go below $20k?

[elisabetheva]

Maybe bitcoin will go back to the price of 20k, but it will surely come at a time when bitcoin will have to lower its price.
Because every demand there will be a sale.  If the price returns to 20K, many  people will  buy back bitcoin,  including
those who are already taking advantage. That’s the law of the trade.

the things you said might not happen at this time, because when bitcoin at the beginning of the year which usually there is always a downward correction, has done that but did not fall far from the fear that will happen like in 2018.

bitcoin is again moving to increase and continues to move, if this can be ascertained because the influence of the halving is very large at this time from the increase in bitcoin.
for me, increasing bitcoin is not the main goal, because I am not a big trader what I want is that bitcoin is able to attract all the altcoins to move up and create its latest ATH.

so it will clearly excite the many new projects that arise and excite bounty hunters to be more diligent in pursuing what they are looking for, because collaboration is needed.

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[Hippocrypto]

There are many speculation on bitcoin that the rising of Bitcoin have come to stay.

What's happening with bitcoin is already come to a bullrun situation, and we need to take precautions that corrections would be possible. Below $20k will commence soon but for now let's enjoy the current progress, buy and sell is good enough as long as you have the capital. Take good care of your asset and doing short trades is a good strategy for every gains.

[TimeTeller]

As about the Op asking if bitcoin price will come back to $20,000, this may be a longtime wait because of certain factors that need to be considered.

One factor is that the bull run happened despite the problem of covid-19. It didn't stop the bull and price started up from around first quarter of last year and gradually now selling at $36,000+
This can tell you bitcoin is really going to keep this range and institutions will buy more to hodl, meaning bitcoin will be scarce. When there be scarcity, we understand how price move in economics theory. Hodl more bitcoin for the future.

As bitcoin hits $40.3k, it would be hard to go down to $20k.
As you said, this will take time if ever bitcoin will go down again.
There are various factors why we are still in bullish run these days.
Maybe institutions keep on buying btc but we don't know what plans they have.
With this price level, I am certain, a lot of us are already making nice profit if we sell at this level.
But let's see what will happen to the market in the next couple of weeks.
Are we going to see this continuous uptrend or will it slow down and go down again?