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

[ice098]

Honestly, I am hoping to see Bitcoin below $10k again so I can buy some more. However, with institutions using BTC as a hedge, it is less likely to happen. Price of BTC goes down a bit and whales buy them back, since it reached it's ATH it never went down below $25k. So, I guess it could just go lowest around $20k roughly.

I think, it is not possible to see bitcoin @10, 000 again, it will need more and more fud to create bitcoin price dump. Recently, Elon Musk made a tweet and made his bio #bitcoin and it causes a pump in bitcoin so instantly, more and more companies adapts bitcoin and it is widely known in different parts of the world, so from now on I think bitcoin price will play around 30,000$ and above. Just take the opportunity to buy when it reaches under the resistance of the support level. just be careful and read charts first.

[Argoo]

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.

Over the past few months, bitcoin has repeatedly gone to price correction and it has always been a short time and the price drop has not been large. This gives us hope that this year we will be able to see the longest bullish rise in cryptocurrency without deep price drops in bitcoin. This is somewhat unusual for the cryptocurrency market, but it is possible. We see that this market constantly presents us with unexpected surprises. Now, many have already sold bitcoin, ethereum and other promising cryptocurrencies and are expecting a fall in prices to buy again. This reduces the supply for sale and contributes to further price increases in the cryptocurrency market.

[menoiazei]

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.

 i dont think Bitcoin price and cryptocurrency market in general can be manipulated by Musk or any person,
 is supposed to be currencies not stock is all about supply and demand and how much of it circulates around
what is driving people towards cryptos in general is current state of fiat economy and banking system