How bad will the bear market of 2021 get? How low will BTC go?

[Questat]

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

[CODE200]

I guess it will rest down to $20k as its worst and not lower than such market value. Having no basis by the way, just speculations. No matter how low its market price become, I guess many investors are waiting for its market value to fall down in order to grab the opportunity to invest and hold for a long period of time, given that no one knows when will the market be at peaks again. But the opportunity itself is what investors are anticipating since there is a huge chance for the market price to again recover, and it will just be patience which will be needed in order to come up with profit in the future.

[carlisle1]

Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?

I have seen Bitcoin moves Up and Down this past week so what can we expect more now? Just decide if you want to Hold or Quit , because the volatility makes this hard for us now.

The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?

Nope Since Biden is focusing in Growing the Dollar value again and I'm sure Crypto will help Him battle this.

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

I think it's stabilized for now, I'm observing the price the past 2 days, since last night, it has stabilized at around $30.000. I don't think it will drop any further, or at least not to a large degree. Likewise, I am now looking for an opportunity to buy around $1.500 worth of Bitcoin to invest back into trading. The most recent price crash was quite beneficial to say the least.

But we have same scenario the last time when the price almost fell down below 30k , and yet in the next week it does more than below and it was 28,000$ level.

[Bitstar_coin]

If only there is a direct answer to this but there isn't, you just have to wait and watch and see how the market unfold, this few days btc looks stable at $32k, if this will be the correction from $40k or it will go down dipper it is hard to tell, I really hope it stays above $30k for the most part of it, but I doubt that will happen.

[jaocoincrypto18]

If dropped then Bitcoin will recover soon and will possibly reach $50,000 by the end of 2021 simply because it is the start of blockchain revolution. Like the early age of internet in which we are barely scratching the surface of decentralized apps. Blockchain’s decentralization is the next evolution to centralized compute, storage and applications. And because Bitcoin is the first and will always hold value for crypto enthusiast, it will become a store of value and increase more and more in value due to the supply diminishing.

[LogitechMouse]

I will cite some things base on charts.

1. MACD right now is going down meaning there is a chance that it may go lower more in the next days.
2. It is near the 50 daily EMA (around $29,500) which might become a short term support.

Now to answer your question, I don't expect that Bitcoin's correction will be that much since we are still in a bull run as of now and there are no confirmation that we have been shifted into a bear market already. The recent correction that happened isn't enough to say that we are in a bear market already. The Institution-coming in effect is very strong thus, the price of Bitcoin may not go down that much as many are expecting this year. How low will BTC can go?? It may go as low as $19,000 (21 Weekly MA). That is my very strong support as of now and as Bitcoin stays above, it will go up too.

[MishaSER]

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

Yes, I really believe in this, but we know what happened in 2018. As we know, the price dropped almost 7 times. Based on this, the rate should fall to 5-6k dollars.

[takngantuk]

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

I think it's stabilized for now, I'm observing the price the past 2 days, since last night, it has stabilized at around $30.000. I don't think it will drop any further, or at least not to a large degree. Likewise, I am now looking for an opportunity to buy around $1.500 worth of Bitcoin to invest back into trading. The most recent price crash was quite beneficial to say the least.

keep in mind the increment this time looks like a big bubble. and you know what awaits. corrections or even changing trends are normal this year. I personally believe that at that time bitcoin will experience a big fall. 10k is not impossible, because in 2018 bitcoin fell to 5x. and imagine if there is a repeat, maybe bitcoin could fall below 10k.

[7788bitcoin]

keep in mind the increment this time looks like a big bubble. and you know what awaits. corrections or even changing trends are normal this year. I personally believe that at that time bitcoin will experience a big fall. 10k is not impossible, because in 2018 bitcoin fell to 5x. and imagine if there is a repeat, maybe bitcoin could fall below 10k.

Every rally in bitcoin looks like a big bubble, in the past rallies some of the wallet street investors were comparing the bitcoin rally to the tulip mania which means that the price of bitcoin will not ever rise again, but by now they have a clear understanding that they were wrong in judging the bitcoin market and so is the reason you see many institutional investors and businesses including bitcoin in their portfolio or in their business.

The fall might be big and i wont be surprised if the valuation goes below $10k, i was not fortunate enough to invest more like i wanted last year due to obvious reasons and next time around i will not miss the opportunity.

[worle1bm]

Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?

The small correction are part of btc volatility and after reaching ATH of $38k the prices were down by 11% due to some FUD spread by the some shitty exchange but still I would not call it bearish trend as prices are still too high as compared to the past year stabilising between $26-$30k which is good indicator.We can see more price dip to $20000 until there are prices surges once again taking them above $40000 so don't be afraid of such small corrections

[newwest]

I think btc will hit 20k and then it will bounce back

Currently bitcoin can hold easily above 30k which is a good thing because it is able to find resistance above it. From 40k till close to 31k and form few days it is in the range from 31-34k. So, it’s a range bound for now but with some intuitional players coming to buy might just push the price back again upwards.

[Handsome Boy]

Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?

The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?

What are you talking about?
1. Bitcoin will never be stable, because Bitcoin is not a stable coin and of course its price will definitely go up and down
2. The price of Bitcoin has risen very high from its ATH price, so it is only natural that the price of Bitcoin has experienced a correction before the price increases again
3. as long as there are many people who believe in Bitcoin and invest in Bitcoin, then of course Bitcoin will continue to survive even though there is a lot of bad news about Bitcoin

therefore in my opinion you should never hesitate to invest in Bitcoin, because the price of Bitcoin will definitely continue to increase very high and give you a very big profit.

[shield132]

Personally, I think that the lowest price we can see in near future can be between 7K and 9K like it was when bitcoin went down from 20K and was playing between 3K and 5K. I even think that price will play between lows and highs like it was playing in 2017-2018 but maybe some facts can seriously affect it's price, for example: Paypal will fully implement crypto services in 2021, this should cause rise in price and we should see 40K again. But what if we beat covid in two years? Will it have affect on bitcoin's price and if yes, then what kind? Maybe it can even have negative affect? Who knows, nothing is excluded when we talk about bitcoin.

[KennyR]

Personally, I think that the lowest price we can see in near future can be between 7K and 9K like it was when bitcoin went down from 20K and was playing between 3K and 5K. I even think that price will play between lows and highs like it was playing in 2017-2018 but maybe some facts can seriously affect it's price, for example: Paypal will fully implement crypto services in 2021, this should cause rise in price and we should see 40K again. But what if we beat covid in two years? Will it have affect on bitcoin's price and if yes, then what kind? Maybe it can even have negative affect? Who knows, nothing is excluded when we talk about bitcoin.

PayPal served as a reason to get an initiation of price pumping. Later the large scale companies direct investment over bitcoin made the market grow gradually without any sideways move. When the market starts to increase, automatically more volume of funds began to get into bitcoin. This further pushed the market and now it been stabilizing for next big price pumping/crash. We don't know what's going to happen next. With everything well planned and it'll have the lowest point around $22000 and not below to it.

[MCobian]

No one will ever know how long Bitcoin will experience correction, but I predict it won't be long. Because several times Bitcoin tried to cross
the $ 35k resistance price, although it still failed. But it will work out in the end. We just need to be patient a little, and if you have extra money
you can buy more Bitcoin. Because I think now is the right time to buy Bitcoin, because if it's over $ 35k Bitcoin will very quickly return to
$ 40k price. And then it will continue up to the next target at the price of $ 50k.

[Sithara007]

A lot will depend on the stance taken by the new Biden administration towards Bitcoin and other cryptocurrencies. The initial hints are not very encouraging, especially the statements made by Janet Yellen. If additional restrictions are imposed, then the institutional investors may be forced to pull out of Bitcoin, and that will result in BTC sinking to the pre-rally levels (i.e $10,000 per coin).

[death69]

The current downtrend has been contained and now, the bull has taken back their strength so as to stabilize the price of bitcoin. Bitcoin is now at the least volatile zone and people are considering in buying more bitcoin

There is no way bitcoin die. Many have said that for years and they can not change anything. The only thing changes is that bitcoin is getting more and more populous and it has gained lot of reputations since then. Never listen to anyone who criticizes bitcoin

[Samthehero]

The bear market has just started, and the next real test going down will be what happens when it goes below $20,000.

[Ozero]

I don't know if the correction has already started but there's a major dumped happening, bitcoin dumped below $30,000 and it has bounce back a bit. However, I think the trend is already bearish, I am optimistic on the future of bitcoin but I can't deny the possibility of seeing a major correction, I think we will see a price as low as $10,000 this year.

I don't think there will be a serious drop in bitcoin price in the near future. If Bitcoin fell, it would happen quickly, in a short time. We see it falling and almost immediately some price recovery. Over the past two months, this has already happened several times and always bitcoin has restored its price positions and grew further.
Of course, a significant drop in prices in the cryptocurrency market this year is possible. However, I don't think the bear market will be long.

[menoiazei]

I find this is very different than 2017s bull run,, I think new bull run is coming soon instead of bear
but you never know,,,lets see what happens