What is floor do you expect after $42k ?

[Bitcoin-Pro]

After we reach $42k.
if Bitcoin price start falling, what price do you expect it will reach in the next bear market?

$16k ?
$12k ?
$8k ?
$4k ?

IM, what is lowest price we can see after now?

Bitcoin Yearly Lows

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

[sallybein987]

Bitcoin traded near $42K on Friday and near $30K on Monday. An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation.

[BrewMaster]

i don't expect it to drop anymore. in a bull market we can't expect continued drops either. that means $30k was the strong resistance that price stayed above it more or less and with $34k being the accumulation price for this round.

An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation.

what do you know. you are right.
bitcoin is not an asset.
bitcoin is not a safe haven.
bitcoin is not a store of value.
bitcoin is not a hedge against anything.

bitcoin is a deflationary uncorruptable currency.

[Bitcoin-Pro]

i know we're in pull market, but after a year, could we see $8k to $16k price?

[Jowex]

Bitcoin traded near $42K on Friday and near $30K on Monday. An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation.

It was a very healthy and needed correction so bitcoin can continue it's bullish movements.

[sallybein987]

Bitcoin traded near $42K on Friday and near $30K on Monday. An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation.

It was a very healthy and needed correction so bitcoin can continue it's bullish movements.

I know, about needed correction. Hope it's over and in closest future we will see only growth.

[Jawhead999]

i know we're in pull market, but after a year, could we see $8k to $16k price?

Everything is possible, just like 2017-2018 when Bitcoin reach $19-20K the price keep drops below $4K. But I don't think it will drop to $4K or $8K in this year because the market is very healthy, $16K seems possible if there's a FUD, top exchanges hacked, new technology etc. Here's interesting fun fact

Bitcoin Yearly Lows

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

[Sterbens]

I think everyone will expect a low price, to buy as much bitcoin as possible. the problem is if that doesn't happen then whether to not buy it at all.
based on the downturn, btcoin is very hard to say of reaching $ 20,000 and below. but at the moment there is a volume that is resting. so around next week we will look for a fairly ideal price position.

[Bitcoin-Pro]

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

thanks for sharing these records.
i think 2021 could has 16k as lowest price. what everyone else think?

[teosanru]

After we reach $42k.
if Bitcoin price start falling, what price do you expect it will reach in the next bear market?

$16k ?
$12k ?
$8k ?
$4k ?

IM, what is lowest price we can see after now?

The run in which btc currently is, there is no chance we are going down to $16K in this move. The least we can go in this move is upto 24K as a correction but post that there s no floor. If we go below that we are in bear trend and that will be altogether new move. But I am sure about one thing if we go anywhere below 10K this time there will be too much accumulation and we will bounce back like a trampoline. Currently I am pretty bullish about Bitcoin.

[passwordnow]

We will have a higher low if ever we're about to enter the bear market. But I'm not expecting that we'll see it right away. If it has to go below $20k, we should see it drop first as much as $25k. But with the last drop that we've seen, it's not like that.
Bitcoin's support is stronger at the price above $30k and unlikely to hit those prices that you've given OP.

[Jowex]

i know we're in pull market, but after a year, could we see $8k to $16k price?

I really find it very difficult, and even if that happens, it would be very fast, because everyone would try to take a piece at this price.

[BrewMaster]

i know we're in pull market, but after a year, could we see $8k to $16k price?

anything is possible in bitcoin market but so far we have no signs that could suggest such an enormous drop in price. i can't think of a single reason for it either.
besides there are lots of strong buy supports that will make such a drop a nightmare for sellers. they are at $30k, $29k, $25k and strongest of all at $20k.

by the way its called a "bull" market not "pull".

I really find it very difficult, and even if that happens, it would be very fast, because everyone would try to take a piece at this price.

that can not happen to bitcoin ever. it is what happens to shitcoins with small markets that the "dumpers" who pumped it before are selling millions of that shitcoin at once which is why its price drops very fast.

[Jowex]

that can not happen to bitcoin ever. it is what happens to shitcoins with small markets that the "dumpers" who pumped it before are selling millions of that shitcoin at once which is why its price drops very fast.

Fair enough, that is why i find it very difficult. Besides, there is a lot of sharks investing hard on Bitcoin and Ethereum.