Can Bitcoin go below $20k?

[Wisbrown]

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

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[kentrolla]

Not sure what your question is but if you are asking about the BTC price at 20k then the answer is it's just a matter of time if you very much eager to but at 20k just wait for few months because this bullrun will not keep going, the market has even the downfall as well.

Have patience and wait for your turn right now the market is super hot do not rush to buy, BTC price will definitely meet at your expected price.

[Poker Player]

I think it is highly unlikely that it will go below $20k. First because what's happened in the previous cycles. Once the bitcoin broke the ATH after halving, it did not go back down below that ATH.

Second because I believe that institutional investors will not let it fall below that price. These investors are buying for hold for years, but even if we imagine that we will get to $100k very quickly, some might consider selling for profit. If you buy at $20k and it goes up to $100k you can sell and you have made a 5x. But to the extent that the price went down they would buy back, in my opinion

[milewilda]

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

Continuous rising? Yeah, i understand that we are on a good run but doesnt mean that this will sustain like forever. Always take precautions and always be wise on when to get out
when your dealing with short term trades but if you do go for long term then this wont really be an issue for you.In the talks about going below in 20k then nothing is impossible.
Anything could happen and if we do look back on what happened in the past then theres no doubt that we cant really remove in our minds that it might really happen this time.
So its up to you on how much risk you can put on with the market. Always set out buyback levels and always set out taking profit levels.

[JimboToronto]

Can Bitcoin go below $20k?

Did you really need to start yet another thread asking this exact question? Sigh... noobs. 
_____

Almost anything is theoretically possible with Bitcoin. That said, its extremely unlikely to ever get as low as $20k again.

[passwordnow]

More chances of no but there's a slim chance that it will.

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

There's always a stop over and we can see that for bitcoin. The rise won't stop but you'll see some corrections that has to happen. Are you worrying that there is still a chance that we can see it in the future? just think of it as a cheaper price if it ever happens and you shouldn't miss the buying opportunity.

[Indymoney]

More chances of no but there's a slim chance that it will.

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

There's always a stop over and we can see that for bitcoin. The rise won't stop but you'll see some corrections that has to happen. Are you worrying that there is still a chance that we can see it in the future? just think of it as a cheaper price if it ever happens and you shouldn't miss the buying opportunity.

Every thing is possible in world specially in crypto world but my feeling is now its very difficult we are going to touch this figure $20K because now its base is going to be about this figure.

[Jating]

Just a reminder, that's what they said when bitcoin hits all time high in December 2017. There's a lot of debate going around, and majority says that it won't go below $10k. However, 2018-2019 was a bear trend, we have seen the price goes to the lowest at $3k twice, 2018 and then 2020 during the pandemic.

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

My point it is that everything is possible, could be be FUD in the bull run that will make the investors push the sell button. But for now I will say unlikely though, why? because there are a lot of companies using it as reserved assets, and then rich people and average joe's putting their money on it as inflation hedge.

[TimeTeller]

More chances of no but there's a slim chance that it will.

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

There's always a stop over and we can see that for bitcoin. The rise won't stop but you'll see some corrections that has to happen. Are you worrying that there is still a chance that we can see it in the future? just think of it as a cheaper price if it ever happens and you shouldn't miss the buying opportunity.

Every thing is possible in world specially in crypto world but my feeling is now its very difficult we are going to touch this figure $20K because now its base is going to be about this figure.

Yes, everything is possible to happen but if we look at the possibility of going down to 20k, seems far from happening at this moment.
As we already hit the 36k mark, dropping down to 20k would need something big to happen in crypto why it would go down to that level?
Anyway, right now, even those traders who bought it at 34-35k are still gaining profit. So even if you came here late, still you have the chance to get profit.
But you need to be very alert with the market as everything is possible to happen, right?

[STT]

Yes 20k and below is possible but its not looking probable near term and say this month we dont have the beginnings of an indication that way yet.    Price action these last days stayed above a 12 hour average, its not usually so definite in rising like this so it takes alot to be looking the other way right now.



Not everyone likes charts but Im quite reliant on it for a landscape and perspective to view action.    I can see 34327 is an area we've marked several times recently, without losing that area I think we might continue climbing higher.   I believe there is something of a ceiling overhead but its not a harsh line as I might draw some conclusions, its an old rising trend that shows price is very 'full' imo that means we are not cheap but that doesnt mean we reduce or see weakness.

[LeGaulois]

We had almost the same speech 3 years back when we were saying Bitcoin is going "to the moon" and nothing could stop it.
Once the value reached $20,000 it started to dramatically drop the following month  . It gave a good lesson to the people, especially the weak hands or the newcomers.

So yes I agree in theory anything can happen but it goes both ways be it a positive or a negative we must also consider the negative to be able to cover ourselves
One thing is sure, history can happen again. People can make any argument. Saying the price will never go down because 2020 has been the year for institutional investors, or the halving is taking effect on the price, and so on.

The facts are here. We could see a crash again like in 2017-2018.

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

People speculate with a lot of everything and anything when it comes to the prize, it's like buying a national lottery ticket. All it takes is one person to say something. For everyone to repeat it.

[Wulan_maniez]

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.

[ningrum]

there is no thought for now bitcoin can be less or below $ 20k, of course everyone will wait for it even want to buy, we know history has repeated itself, it's just that we don't know when the bearish will come again.

[passwordnow]

More chances of no but there's a slim chance that it will.

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

There's always a stop over and we can see that for bitcoin. The rise won't stop but you'll see some corrections that has to happen. Are you worrying that there is still a chance that we can see it in the future? just think of it as a cheaper price if it ever happens and you shouldn't miss the buying opportunity.

Every thing is possible in world specially in crypto world but my feeling is now its very difficult we are going to touch this figure $20K because now its base is going to be about this figure.

Yes, that's unlikely to be seen again. With the crypto market getting into the $1 trillion market cap for the first time, it will create another FOMO. Although it doesn't need a fomo but this will add to the impact that the market is getting in a positive way. Bitcoin is the real attention seeker for this milestone that the market has ever done. And with its volatility, many are not confident with the prices because it's possible we see some lows but don't think of it, just look at the current positive positions.

[Kong Hey Pakboy]

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

Yes. The momentum of the bullish trend of bitcoin is currently looking good, and it has made another new ATH, which is $38K. I also think it will take a while for bitcoin to decrease its price below; that is why I assume most bitcoin holders are fortunate in this current bull run because they made a considerable profit.

[Becky666]

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

Nobody would have said such only if they are with the technology for so long, there is no bull-run without a stopping limit (i mean a pull back or correction). Currently there is a possibility of the price of Bitcoin to drop but back to $20k shouldn't be included in the figures becasue that will be a total disaster to Bitcoin investors. Personally, i have this feelings that the price of bitcoin is likely to drop back to $30k again before another major push forward.

[JimboToronto]

back to $20k shouldn't be included in the figures becasue that will be a total disaster to Bitcoin investors.

No it won't. Only if you sold.

Lots of Bitcoin hodlers have ridden out big crashes like $30 to $5, $266 to $50, $1100 to $152, or $19666 to $3122 and still ended up being multi-millionaires by not selling.

Just don't sell unnecessarily.

[Gozie51]

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.

[BrewMaster]

the answer depends on why you are asking

if you are just curious about the possibilities then yes, it is possible that bitcoin price falls below $20k or even to drop to zero.
but if you are asking because you want to plan on buying below $20k then i have to say it is not possible and don't waste your time. continue living your life knowing that you couldn't catch the ride and watch bitcoin reach $1 million

[Casdinyard]

There is always a possibility but we having no assurance of when will such thing again happen to its market value. At this moment, the market price is continuously increasing and right it is hard to determine if there will be a price correction or to when will its price start to fall. Many people are scared to invest because the market value of Bitcoin and other cryptos has a tendency to fall in a sudden which could result to partial profit loss. If this is your concern, it is a good idea to either wait for a price downfall or invest at this point 'coz in both ways, risk will always be present since it is investment we are talking about. Speculations are only subjective opinions. NO ONE HAS THE ABILITY TO CORRECTLY PREDICT HOW THINGS WILL HAPPEN. So just do as you like depending on to how you analyze this market.