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

[A62662]

Why sit and watch Bitcoin go down every day when you can get rich in the stock market. Look at Gamestop stock, sell your bitcoin and invest in the next 100X stock. Gamestop stock is up 10x just in the last 2 weeks. Wow!!

Just in the last 6 months Gamestop is up 43X while Bitcoin is up 3X. If your stuck in Bitcoin your losing out on getting rich in the stock market.

[Coinsfera]

Just looked at the technical chart of btc, and it just broke down below support level just below 35k, indicating further weakness. Expect it to go down to 30k short term.

This is very concerning and a sign we are entering into a bear market.

To continue higher, the bulls must gain strength above $ 32,500, $ 32,800, and the 100-hour SMA.

[lifeforcepools]

The market will be fine, don't worry about it. Keep trading.

[A62662]

Just broke through 30K. Next stop 20K?

We are clearly in a bear trend, and 2021 looks like its going to be a very bad year for Bitcoin.

[shane_gr]

I think that the words of the US government will have an impact on bitcoin, and most importantly, we know that this government does not want to eliminate the dependence of the people of the world on the dollar, and this is what makes bitcoin a restriction.
And in any case, it is the people around the world who maintain bitcoin and its identity
and the rise in bitcoin prices in the coming weeks is not unexpected.

[MishaSER]

I think that the words of the US government will have an impact on bitcoin, and most importantly, we know that this government does not want to eliminate the dependence of the people of the world on the dollar, and this is what makes bitcoin a restriction.
And in any case, it is the people around the world who maintain bitcoin and its identity
and the rise in bitcoin prices in the coming weeks is not unexpected.

Probably the US government is thinking about how to contain bitcoin, I know for sure they are preparing something for stronger regulation.

[Jating]

Just broke through 30K. Next stop 20K?

We are clearly in a bear trend, and 2021 looks like its going to be a very bad year for Bitcoin.

The downtrend was due to the negative news that bitcoin has been gaining lately, but it doesn't mean that we are in a bear trend. Well, it went as low as $28k at the start of the week, but it seems we have a good bounce in the last 24 hours, as the price continue to gain momentum at $32k.

So it's not going to be a bad year for bitcoin, we still have a lot of leg room to squeeze, and this is just the start of 2021 and I would say that we are still in the bullish phase with occasional FUD, some say that this is a sign that the price could go higher as more bad news to us, the better bitcoin will recover after that. And besides, we have seen this trend before, and bitcoin also rises as it is resilient to this kind of attacks.

[Renampun]

Just broke through 30K. Next stop 20K?

We are clearly in a bear trend, and 2021 looks like its going to be a very bad year for Bitcoin.

when will Bitcoin be bearish is still a mystery...
when a bear market occurs it is likely that Bitcoin price will only be between $ 20k and will not drop past $ 20k. the HODLers have grown in number and they are not worried about bad news so the price is unlikely to drop dramatically.

[Hamphser]

Just broke through 30K. Next stop 20K?

We are clearly in a bear trend, and 2021 looks like its going to be a very bad year for Bitcoin.

The downtrend was due to the negative news that bitcoin has been gaining lately, but it doesn't mean that we are in a bear trend. Well, it went as low as $28k at the start of the week, but it seems we have a good bounce in the last 24 hours, as the price continue to gain momentum at $32k.

So it's not going to be a bad year for bitcoin, we still have a lot of leg room to squeeze, and this is just the start of 2021 and I would say that we are still in the bullish phase with occasional FUD, some say that this is a sign that the price could go higher as more bad news to us, the better bitcoin will recover after that. And besides, we have seen this trend before, and bitcoin also rises as it is resilient to this kind of attacks.

After all the years we've been here on this market then we had seen countless of issues and talks about bitcoin by forms  of fud and fomo. Bitcoin had died for how many times already
but still able to recover on where majority been talking that it might be dead or would be replaced by something better soon or in near future but bitcoin had proven out that it cant really
be phased out easily.In talks of how bad the bear  market will be on 2021 then  no one knows neither we dont see a bearish market and seeing bullish instead or we would
see an another 2018-2019 kind of experience when it comes to market price conditions.The thing here is that we should really be wise on making out into our own decisions.

[k@suy]

when will Bitcoin be bearish is still a mystery...
when a bear market occurs it is likely that Bitcoin price will only be between $ 20k and will not drop past $ 20k. the HODLers have grown in number and they are not worried about bad news so the price is unlikely to drop dramatically.

I think bitcoin become bearish is not a mystery at all. bitcoin crashes because of market correction and because of the whales that sells their holding in smaller value but in large quantity. Bitcoin I think will reach again 25k but it will not go lower than that so let us save some money and make a double effort so that when bitcoin dump again we can buy the dip and hold it until it reaches our desired value. in trading patience is the key.

[jahepahit]

2021 bear Wil not start so early which is the usual dip way. I feel the dip Wil take more time to happen and the depth will be the same as usual. But we could see something difference.

[pixie85]

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

It's possible because there's a big buying pressure fighting the trend. That said the trend is clear with us having lower highs and lower lows and being unable to defend important levels like 30 thousand.
We also had a death cross just few days back so we are in a bearish setup but not yet a bear market.

I also think we'll attempt to break 50 thousand this year but that's not what many analysts seem to think. I read JP Morgan's theory that we are going to have a short-term bear market this year. Not anything like in 2018 and 19 but a few months of bearish pressure that could even retest 20 thousand again.

[francois-cooper]

It seems like Eleon Musk decided the bottom was in.

[traderethereum]

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

BTC still swing near 34 000. Maybe really this is the bear market. Hope that BTC won’t decrease lower then 27K. Though, many investors are waiting for BTC dump to buy more coins before new bullrun. This volatility is an inevitable trend.

We already see the bitcoin price decrease at $29k before.
But the price backs the direction and now increases to $38k, and it's happening on this day.
It is double profit to us, and finally, the holder is making the big profit now.
But it will continue for the other coins because I am sure that many altcoins now are preparing to be the next coins that can increase.
The time for us to recover our losses before can happen soon, and the increase of bitcoin today, gives us a new hope that we already reduce our losses and back to make a profit.

[BIT-BENDER]

If investor needs their sanity to be at it premium they should for now take time-off Bitcoin price, today its high at maybe $37k price and tomorrow $27k at less than that some investor sells then if the price the next day maybe goes up they regret, I think the price may not get to $40k dollars that is when its increase, but if the price is decreasing it will not go down to below $20k.

[MishaSER]

If investor needs their sanity to be at it premium they should for now take time-off Bitcoin price, today its high at maybe $37k price and tomorrow $27k at less than that some investor sells then if the price the next day maybe goes up they regret, I think the price may not get to $40k dollars that is when its increase, but if the price is decreasing it will not go down to below $20k.

Elon Musk is playing with matches, he is clearly manipulating the market and I believe that people will suffer from this.

[menoiazei]

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?

Looks like another ATH coming soon not a deathblow to me now

[A62662]

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?

Looks like another ATH coming soon not a deathblow to me now

This quick rise from 32K to 38K pump is very suspect, and hardly sustainable, its an Elon Musk stunt, probably wont last very long before it starts to fade away again.

Its one thing that he is bullshitting around with Doge tweets and such, but what about the losses some face when acting on those tweets and end up losing money because of it.

[Casdinyard]

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?

Looks like another ATH coming soon not a deathblow to me now

This quick rise from 32K to 38K pump is very suspect, and hardly sustainable, its an Elon Musk stunt, probably wont last very long before it starts to fade away again.

Its one thing that he is bullshitting around with Doge tweets and such, but what about the losses some face when acting on those tweets and end up losing money because of it.

A huge increase happened and that's what making the situation quite messy. Many people are torn between holding at this moment or selling already due to what happened. The expectation is that the price will continue to fall as a consequence on the achievement of ATH this year, also, a price cut happened already which gave this assumption. If the market price will be playing around $36k for a week, then that will be the time which supports investing even at a high market price because there is a tendency that the market value will continue to rise.. But do not rely that much because nothing is certain in this market.

[Yatsan]

We cannot state exactly on how low can the price of Bitcoin go right after reaching its ATH and having a sudden drop of price few days right after that. The price is unpredictable so we still certainly do not know into what extent can it go if it will cut lower than $30,000 or will be safe at that price mark and play along $30,000+. Well, year 2021 have just started and we still have plenty of months right ahead of us so we better just see to it to better witness it by using our own eyes of what can possible to make happen by this entire year if the bear market will continue or another bull run will arise.