How much lower you think BTC can go in this drop ?

[Issa56]

I know is easy to know the next step bitcoin will take but with what I notice and from my research I believe this is just a correction and not a dump which is normal but lot's of people have been scared thinking bitcoin is already dumping but that's not true. But from my research I believe bitcoin will not come below $40k And if you see bitcoin around $40k the next bull run will be massive its going to pump hard. If you definitely see bitcoin around $40k just make sure you bag as much as possible because bitcoin will pump more. But currently if you are trading always make sure you set your stop lose because anything can happen now and to avoid lose of money is better to lose 8-10% of your fund than to lose 30-50% of your fund so don't always forget to use stop lose!!!

[tvplus006]

If it goes below $40k that was the perfect time to accumulate bitcoin from 30k to 40k we must wait this March if what will happen to btc price and April or May will start another rally again just like the previous years but I dont know if history will repeat actually no one knows just be ready for possible and buy the dip.   

Given that the main purchase of bitcoin by insitutional investors was carried out at the level of 30 thousand dollars, we can assume that the price will never fall below this mark. Such a strong price drop can only happen after these BTC are sold at high. But we don't see such sales on the market yet.

[Renampun]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

*With the increasing number of institutions investing in Bitcoin, I don't think Bitcoin price will correction past $ 30k...
the price is currently weakening due to some pretty harsh statements against Bitcoin, after this subsides then the Bitcoin price will go up again, and maybe in the next few months, we will see a new ATH.

[adzino]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

No one knows how much lower bitcoin can drop. What makes you think 40k to 42k is going to be the lowest? Don't keep on waiting. It might never happen and the price might go even higher. Or it might takes months or maybe years. You don't want to wait this long and miss all the opportunities you might have got when you invested now.
But if you firmly believe that it's going to drop below 42k, then yeah, wait and watch. If it does, good for you . If it doesn't don't regret and start all over again!

[passwordnow]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ?

$45k looks the support. If bitcoin reaches $40k and that's the possible bottom, are you going to buy or you're just going to watch out for it?

I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

We do hope that it won't drop below $47k anymore. But that's not an assured thing because bitcoin can go as low as what we can't imagine. If it will have hard time again being stable to $50k, we'll likely to see $40k below. Put yourself in every expected price so you're ready if it happens.

[Wawa2013]

If you look at the price of Bitcoin support which is quite strong at $ 49k, I really hope Bitcoin doesn't drop below the price of $ 45k. And also
hopefully Bitcoin in the near future can rise again to a price above $ 55k, we still have to continue to monitor the current market conditions.
But based on my analysis this should only be a temporary correction, I hope my analysis is correct now. Because if the $ 45k support price is
successfully breached, there is a possibility that the Bitcoin price could fall even further below $ 40k.

[dimonstration]

Hope it will not fall too much to $40k. Though the price really went too high and too fast this past months we can think that it may fall between $40k to $45k, however since we are no longer just speculation and have already institutions or companies using BTC we can't really guarantee that it will fall too much, we don't know how the known companies play the market there might new companies who will lift the price up too much again. Just keep monitoring.

[francois-cooper]

it could go down to 37k which is the 0.382 fib retracement.

[LUCKMCFLY]

It is very difficult to know, a correction depends on many things, firstly knowing how many people are willing to sell due to this correction, secondly the degree of panic that exists, and thirdly the news currently together with social networks are influencing the market a lot . By simple inspection I do not think that it will fall so much, for the amount of investment of famous and large companies in Bitcoin, this may be a correction to reach new highs, everything is possible.

[Myleschetty]

Nobody can be 100% sure of the bottom price of the current dip in the price of the market but the previous bottom price was around $47,000 price range,  if the market doesn't start bullish market before it the weekend I expect the market to dump below the previous resistance level and what left to do now is to catch the season (dump) before the bullish begin.

[gullu]

It wont go down below 45000 USD. So dont sell it now. If you have your coin with you hold it. If you have money try to get some and just leave it in your wallet and forget it . After next halving thats approximately 1178 days you will soon be a millionare or more than it.

[goinmerry]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

Long-term or short-term?

For the long-term, you can enter at any price then pray lol. Currently, there is no sign yet that it can dip below $40,000 but that was always possible. Up to you if you want to wait or take the risk of buying at the current price.

For the short-term, you can buy at the current price but you need to regularly monitor your position as you will take actions everytime it will go a price swing.

To summarize it all, there is no accurate answer here so you need to make up a good strategy.

[Dave1]

I was hoping around 40-42k but it seems that it does not want to go below 47k ,

I really don't expect it will drop to $40-$42k. The current price is around $47 and I think it is enough as the lowest of the current big correction. Why don't we expect for the next green days again, we need time to recover the losses during the correction. If the correction lasts for few weeks, I doubt people already leave crypto market.

It's possible though, the current market dip went -23% and that is about $45k, just a few thousand dollars from $40k-$42k. And I will say that it will be good for us to at least bring the price that low so that many will can have that opportunity to buy cheap bitcoin again. And history tells us that the lower the correction is, the higher bitcoin goes up once it bounce back. So it make sense for price to go down to least 30% and then we go back 50%.

[Kemarit]

I was hoping around 40-42k but it seems that it does not want to go below 47k ,

I really don't expect it will drop to $40-$42k. The current price is around $47 and I think it is enough as the lowest of the current big correction. Why don't we expect for the next green days again, we need time to recover the losses during the correction. If the correction lasts for few weeks, I doubt people already leave crypto market.

It's possible though, the current market dip went -23% and that is about $45k, just a few thousand dollars from $40k-$42k. And I will say that it will be good for us to at least bring the price that low so that many will can have that opportunity to buy cheap bitcoin again. And history tells us that the lower the correction is, the higher bitcoin goes up once it bounce back. So it make sense for price to go down to least 30% and then we go back 50%.

But it didn't go as low as $40,000 in this current dip and it stop at 23% down trend.

So I will also say that it could be the lowest low for this month because we are almost at the end of the month now and I'm expecting the price to just trade sideways until we have a break out run next month.

And so that -23% in February could be negative again (possible) and we will see a bounce around $60,000 or more.

[gabbie2010]

It wont go down below 45000 USD. So dont sell it now. If you have your coin with you hold it. If you have money try to get some and just leave it in your wallet and forget it . After next halving thats approximately 1178 days you will soon be a millionare or more than it.

The strong support at $45K should be able to  reject the price in fact the price is already showing exhaustion presently in that zone, I believed the forces of supply and demand determines how far the price will get corrected thus its quite difficult to accurately predict the exact price where the price will pull back to although the price had been experiencing mnor correction so far this year  thus the best bet is to keep hodling it for a long term perspective.

[cabron]

It wont go down below 45000 USD. So dont sell it now. If you have your coin with you hold it. If you have money try to get some and just leave it in your wallet and forget it . After next halving thats approximately 1178 days you will soon be a millionare or more than it.

The strong support at $45K should be able to  reject the price in fact the price is already showing exhaustion presently in that zone, I believed the forces of supply and demand determines how far the price will get corrected thus its quite difficult to accurately predict the exact price where the price will pull back to although the price had been experiencing mnor correction so far this year  thus the best bet is to keep hodling it for a long term perspective.

The next best support is the $42k I'm hoping it won't drop that low. That $45k is where it previously show support, so I think it may not really dip below it but keep moving within $42-$45k until it will bounce to break $50k again hopefully.  Exciting times actually because things are very much unpredictable. There are so much good news coming yet we're almost getting closer to seeing the bearish market about to happen.

[maydna]

It wont go down below 45000 USD. So dont sell it now. If you have your coin with you hold it. If you have money try to get some and just leave it in your wallet and forget it . After next halving thats approximately 1178 days you will soon be a millionare or more than it.

The strong support at $45K should be able to  reject the price in fact the price is already showing exhaustion presently in that zone, I believed the forces of supply and demand determines how far the price will get corrected thus its quite difficult to accurately predict the exact price where the price will pull back to although the price had been experiencing mnor correction so far this year  thus the best bet is to keep hodling it for a long term perspective.

The next best support is the $42k I'm hoping it won't drop that low. That $45k is where it previously show support, so I think it may not really dip below it but keep moving within $42-$45k until it will bounce to break $50k again hopefully.  Exciting times actually because things are very much unpredictable. There are so much good news coming yet we're almost getting closer to seeing the bearish market about to happen.

So far, the price can hold until $45k-$46k, but in the next down, we don't know if bitcoin can keep the price not going down again or it will go down to $42k. If that happens, the price can go lower than $42k, and it could touch below $40k. Hopefully, the price will not go down to that price and will be up again and pass $50k-$55k, so we can back to make a big profit. But this situation can give us the chance to make a profit continuously as the price can go up and down like a rollercoaster, so we can try to buy low and sell high. But we still need to be careful with the next thing that can happen to bitcoin.

[CryptopreneurBrainboss]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

Well if you're waiting to buy the dip then wait patiently because at some point the price would definitely go below that price range either as a result of fud and rumor or just a healthy market correction. While you also wait though, do understand that the whole market is bullish long term so you can buy in now instead of missing out on buying this low. Few months from now bitcoin would be trading above it's current price.

This aren't financial advice but just my honest opinion so you should do your research properly before investing. Don't just invest because you love an advice given to you on the forum instead use the advice as guidelines to make your decision.

You can buy bitcoin in batches so if a scenario that the price goes down more you buy with the spare funds available.

[MIner1448]

I think that bitcoin can fall in this fall thanks to the whales to $ 40,000, it almost fell to that level, but it was raised to $ 50,000, all the same whales that will cut even more margins in the future for hamsters. Therefore, it is necessary to enter transactions very carefully, now you can lose more than earn.

[TheGreatPython]

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

The price might even go below that particular price sometime, maybe it’s not going to be now. For now it’s just going to be going around that particular price of $40k and the $50k. And I believe that’s because the market is still being bullish, that’s why it’s in that position for long now. But anytime the market goes below the 50,000 dollars price I usually doubt if it will go up again to that price and all of a sudden it does.

So, I can’t really predict this market, the good thing is just that I invested very early, so I don’t have much to worry about, and I also don’t have any plans to invest at this high prices anymore until it goes down.