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

[Edininja]

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?

Printing 3 trillion is not a "deathblow." Look at what they do not what they tell the cameras.

[hahay]

Even until this sharp drop occurs I still don't think it's the true peak, because I'm still optimistic the ATH will be higher but yes. If this is the end then it looks like the likely price to be maintained is still in the 20k range with the bottom probably going in the 15k range and above. Nobody knows for sure but if you look at the history I think it still makes sense, and I don't care how strong the dollar's value will be with the new government because at least any currency and asset will definitely go up and down.

[Argoo]

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

Considering the market pattern of Bitcoin in 2017, 2018, 2019 and 2020, it is likely that we might see the market value of bitcoin go below $30k or $25k. The Bitcoin market is also full of surprises, I will be surprised if we see Bitcoin drop below $25k. Also, the market value can potentially go beyond $40k.   

If we see a bear market this year, I don't think it will be deep and long. Most of it is expected to be bullish this year. May will be a year since the last halving and this period should be marked by good growth. Therefore, the current drop in the price of bitcoin may just be another correction, but it is possible that this time the drop will be longer. This is a cryptocurrency and any surprises are possible here.

[nelson4lov]

Even until this sharp drop occurs I still don't think it's the true peak, because I'm still optimistic the ATH will be higher but yes. If this is the end then it looks like the likely price to be maintained is still in the 20k range with the bottom probably going in the 15k range and above. Nobody knows for sure but if you look at the history I think it still makes sense, and I don't care how strong the dollar's value will be with the new government because at least any currency and asset will definitely go up and down.

Like you, I'm not quite convinced that this is end of the road for the Bitcoin bulls. In my opinion, there's still more to offer and more grounds to cover leading to a new, ATH that is significantly away from the last one - $42K. Somewhere between the range of $45K to $55K will do for me. If this is where it ends for this bull run, then I'm setting my sights for a bottom between $15K - $25K. I'm not placing any trades soon until I see a positive breakout though.

[Silberman]

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?

The new US administration can say whatever they want but you must watch what they do, they have a very aggressive plan in order to try to boost the economy and guess what they're going to use in order to do that? They are going to create a lot of money out of thin air and we all know what that does to the US dollar, it weakens the dollar and I have no reasons to believe that this new administration is just going to stop printing money and they are probably going to keep doing this for as long as they remain in power.

[A62662]

To predict how big corrections might be and how Bitcoin price can go is as much as difficult as to say how much it will grow.
Price will fluctuate and to my opinion corrections might be somewhere between 20% and 30%. But at some moment price will definitely fall and we have to be prepared for that.

It's Bitcoin we're talking about, it can drop some 80-90% from peak to bottom once it gets going. Lets say it drops 90% from its peak of $42K, that gives you $4200. That could be very doable, was about the bottom last year. A retest of the last bottom is not uncommon in TA.

[serjent05]

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

Bitcoin is highly volatile, so we can see prices swinging a lot.  Another thing, I think this drop is something like a correction, probably the peak of the cycle is yet to come,

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?

I don't think so, Dollar and Bitcoin have a different market.  Besides, even though the dollar strengthen, as long as Bitcoin adoption continues, it won't lose its value against USD.

[Shasha80]

I believe Bitcoin will not drop below the $ 30k price, I thought after doing technical analysis that the $ 30k support price is very strong. So I will
predict that in the near future the Bitcoin price will go up again, so take advantage of the current situation as an opportunity to buy Bitcoin.
Because I think the current Bitcoin price of $ 31k is very good and quite cheap to buy. But don't buy Bitcoin at once with all the capital we have,
buy Bitcoin gradually just in case Bitcoin goes wrong direction.

[kawetsriyanto]

How low do YOU think bitcoin will go before it stabilizes?

You must know Bitcoin price is very volatile and unstable. How can it be stable someday? Any institution to regulate the price? Mate, Bitcoin price is purely determined by the demand in the market. I don't see a chance for Bitcoin to be stable in price now. Or even in the near future, I am sure the value will the same as today.

The new incoming US administration has stated that it does not seek a weak dollar

They should say that, but it has no correlation with Bitcoin. Dollar value has no significant impact on Bitcoin price.

[Sadlife]

If Bitcoin breaks $30k level then that would signal for a dump, but it would only go down to atleast $20k, this is not a cause for panic. Maybe Bitcoin needs this correction to fuel the next rally, i agree that we're already at its peak and the bulls are probably exhausted we have failed to breakthrough $42k twice or thrice? That a sign of weakness. Regarding on what US administration wants they've already printed a lot of money and injected it to the system which would only devalue the dollar.

[josgandosbro]

Bitcoin is any time to up and down. So it not easy to guess the price. 2021 bitcoin price is increasing. Now most people know bitcoin that the reason people invest and hold the bitcoin. So that the reason bitcoin prices increasing. 
use the link and got more information bitcoin price: https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01

[LMTMFA]

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

Considering the market pattern of Bitcoin in 2017, 2018, 2019 and 2020, it is likely that we might see the market value of bitcoin go below $30k or $25k. The Bitcoin market is also full of surprises, I will be surprised if we see Bitcoin drop below $25k. Also, the market value can potentially go beyond $40k.   

Geee wizz, Bitcoin might go below where it is now (drop below 25k), or maybe it could go above (potentially go beyond 40k). People keep saying this same statement in different words over and over, like that means something. Might go up, might go down, might rain, might be sunny. Way to say nothing at all.

[Adamini]

Around us $30000, 2021 may also bring a new record high

[Adamini]

Even until this sharp drop occurs I still don't think it's the true peak, because I'm still optimistic the ATH will be higher but yes. If this is the end then it looks like the likely price to be maintained is still in the 20k range with the bottom probably going in the 15k range and above. Nobody knows for sure but if you look at the history I think it still makes sense, and I don't care how strong the dollar's value will be with the new government because at least any currency and asset will definitely go up and down.

fantastic

[tinopener]

28640

28640.162

(adjusted for inflation)

[satsave]

my guess was it would hit 40k and drop as low as 15k between the next big run (could be years)

[tinopener]

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?

You said peak.

In the singular.

(and it's *its* not it's)

[skpanchal]

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

[traderimage]

IMO, we might touch the high teens but unless some crazy news covers out I don't think it will go lower

[Youngsimba]

Not worried whatsoever about bitcoin

https://rich-virtuoso.medium.com/weed-out-the-weak-why-the-crypto-bull-market-is-far-from-over-9e17ce37a96a