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

[Xinarae*]

Although bitcoin has dropped a lot at the moment it is difficult to say how much it will go down. No one can determine the exact price of nitcoin but it's not going to come down too much $ 50,000, even if crossed $ 40,000, very unlikely to go down many traders are selling bitcoin to reduce its price i don't think there is anything to be disappointed about the price of bitcoin will increase further prices have fallen due to the impact of whales and reduced transactions. But many traders are holding back that demand will increase.

[Betaj00]

Has a big dump on Bitcoin price and i have no idea that when its price will again 58k+ but i think bitcoin price will not less than 42k. Now its time for waiting.   

[Noctis Connor]

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

In my expectation bitcoin price will be around $45-44k dollars does that means it will continue below on the price said but it was an advantage for those who wants to invest money into bitcoin and disadvantage to those who hasn't sell their coin but no one can guess right what bitcoin price will be we're just going and go on the flow and just the bull run stopped it really hard to predict the market at the moment his it was bullish base on the graph and it be a market correction but mostly it was always depends on the supply and demand. But don't always look for negative side of bitcoin because bitcoin brought so much changes in our life and being down doesn't mean that we're going onto that level too be optimistic always be positive and always take care of our profits.

[TinaK]

Has a big dump on Bitcoin price and i have no idea that when its price will again 58k+ but i think bitcoin price will not less than 42k. Now its time for waiting.   

The current market is little bleeding so few big investors are move on some other projects and it will reflected in crypto market. Already every investors are believe the Bitcoin because of elon musk involved in crypto platform. My suggestion is don't panic sell and keep holding the Bitcoin is a perfect way to survive in current drop. The recent price drop is fluctuating so anytime it will going to peak.

[dothebeats]

Sub-$40k would be ideal for me, although that is pretty much drawing in the sand right now. Volumes in exchanges have drastically changed in the past few days, and the overall sentiment towards the market is quite negative given how easy it was to slip from $50+k back to $46k. Confidence on bitcoin remains high, although the weak hands are pretty much discontent on the performance of bitcoin lately, leaving them no choice but to sell in the mean time.

[doctor877]

Looking at the chart i feel we are still more bearish than bullish but for now we can just do normal channel trading and take little profits for day time traders while holders can keep am eye on the movement, if we fall below 44k, we will see 37k region.

[vaultman]

I think that the price of bitcoin will definitely not fall below 40, because now there are a huge number of institutional billionaires on the market, many of them were purchased at around 30, 35, 40 thousand $, so they will keep bitcoins to the last.

[seleme]

My expectations are somehow approved by a majority of market participants and the price didn't go below $40k on the last correction line. The new chart formations will dictate the new leg of correction but the higher the correction length the more the boost will be for bullish traders. Let's see what new weekly candle will show us on the chart.

I think that the price of bitcoin will definitely not fall below 40, because now there are a huge number of institutional billionaires on the market, many of them were purchased at around 30, 35, 40 thousand $, so they will keep bitcoins to the last.

Hard to tell if the BTC bulls will give up after the price crossing the new higher high price points but something unexpected can happen anytime. The new correction can take the price down to $35000 but it is not possible to go back to the $15000 level. If the BTC price goes back to the $35k I will do a new investment decision with BTC.

[Distinctin]

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

I consider $40k up is just a correction, not literally we call it a start of the bearish season. But if the trend to dump below that line, that we are finally seeing back the bear season. However, I don't think that it drops below $20k ( I hope I was not wrong).

Anyway, much better to be prepared for everything and much better as well to have the reserve money to buy more once the market badly dips once again. I know many investors are waiting for that moment to come particularly those early sellers.

[batang_bitcoin]

I think that the price of bitcoin will definitely not fall below 40, because now there are a huge number of institutional billionaires on the market,

Lowest that I've seen so far was $44k and I hope that it won't fall as low as $40k or lower than that.

many of them were purchased at around 30, 35, 40 thousand $, so they will keep bitcoins to the last.

We still don't know how they play if they just got in to bitcoin. They could drop the price and dump what they've got. Since, they're new, they can determine their company's stand on bitcoin on the short term level but, as said, we don't know if they're also longing.

[TimeTeller]

I think that the price of bitcoin will definitely not fall below 40, because now there are a huge number of institutional billionaires on the market,

Lowest that I've seen so far was $44k and I hope that it won't fall as low as $40k or lower than that.

many of them were purchased at around 30, 35, 40 thousand $, so they will keep bitcoins to the last.

We still don't know how they play if they just got in to bitcoin. They could drop the price and dump what they've got. Since, they're new, they can determine their company's stand on bitcoin on the short term level but, as said, we don't know if they're also longing.

I am hoping that it will not fall below 40k as it seems the support is strong in the 40k level and above.
However, in this market, we don't exactly know what will happen next.
It can go down fast but recover fast as well. Either way, you should be prepared if you are into this market.
There are big players, that's right. But we don't know their true motive of why they are into crypto.
They can sell their share if they are seeing good profit and we can't stop such event from happening.

[lalabotax]

I hope the lowest price of Bitcoin in this current correction will be $43K-$45K. Then, after dropped till these prices, the Bitcoin price will continue to increase again. I really expect that the next increase will achieve $60K and will survive around $58K-$60K. If it can happen, the altcoin season will possibly come soon in the next few months.

[TravelMug]

I hope the lowest price of Bitcoin in this current correction will be $43K-$45K. Then, after dropped till these prices, the Bitcoin price will continue to increase again. I really expect that the next increase will achieve $60K and will survive around $58K-$60K. If it can happen, the altcoin season will possibly come soon in the next few months.

Expect that, bitcoin is on a roller coaster ride specially at the end of the month.

And then when a new month comes in, the price will slowly recover in the first week, and then 2nd and 3rd week we will see another all time high around $60k-$70k. Altcoin season has started already, although it still has to be tied on bitcoin's price. When bitcoin is up, altcoin will only increase because of the domino effect.

[traderethereum]

I hope the lowest price of Bitcoin in this current correction will be $43K-$45K. Then, after dropped till these prices, the Bitcoin price will continue to increase again. I really expect that the next increase will achieve $60K and will survive around $58K-$60K. If it can happen, the altcoin season will possibly come soon in the next few months.

Expect that, bitcoin is on a roller coaster ride specially at the end of the month.

And then when a new month comes in, the price will slowly recover in the first week, and then 2nd and 3rd week we will see another all time high around $60k-$70k. Altcoin season has started already, although it still has to be tied on bitcoin's price. When bitcoin is up, altcoin will only increase because of the domino effect.

I expect the same as both of you because the price drop will not stay for a long time in the market, and the price will start another rally.
We can hope that the price will be increased in the next month and start the rally and break $50k and even it will break $60k-$70k.
But before that, maybe bitcoin gives us more time to buy back more bitcoin because if the price is starting to increase, we will be too late to buy bitcoin.
So we need to use this time to buy bitcoin.
Maybe in this drop of bitcoin price, we can hope that some altcoin can increase so that can help us to get more profit in bitcoin that we can sell when the price increase.

[Question123]

Bitcoin price is dropping the price almost 1 week and we are waiting again for the next pump happen so it's a perfect opportunity for the investors to have cheaper bitcoin to get more profit. A lot of people are waiting for he bitcoin to drop very low but I think it's not happen this year but probably next few years maybe we see the price dump very high but this year I think price will maintain 40k dollars.

[Fivestar4everMVP]

Well, for me, the dip is not here yet, when the true winter comes, am personally expecting bitcoin to fall below the thirty thousand dollar and twenty thousand dollars range, this will give many people including myself the opportunity to go in again while in the process, drive the price to another all time high between seventy and one hundred thousand dollars, hopefully, this can happen or even better still, let it drop more than this, I don't mind. 

[LUCKMCFLY]

I hope the lowest price of Bitcoin in this current correction will be $43K-$45K. Then, after dropped till these prices, the Bitcoin price will continue to increase again. I really expect that the next increase will achieve $60K and will survive around $58K-$60K. If it can happen, the altcoin season will possibly come soon in the next few months.

Expect that, bitcoin is on a roller coaster ride specially at the end of the month.

And then when a new month comes in, the price will slowly recover in the first week, and then 2nd and 3rd week we will see another all time high around $60k-$70k. Altcoin season has started already, although it still has to be tied on bitcoin's price. When bitcoin is up, altcoin will only increase because of the domino effect.

I expect the same as both of you because the price drop will not stay for a long time in the market, and the price will start another rally.
We can hope that the price will be increased in the next month and start the rally and break $50k and even it will break $60k-$70k.
But before that, maybe bitcoin gives us more time to buy back more bitcoin because if the price is starting to increase, we will be too late to buy bitcoin.
So we need to use this time to buy bitcoin.
Maybe in this drop of bitcoin price, we can hope that some altcoin can increase so that can help us to get more profit in bitcoin that we can sell when the price increase.

I think the same, what it seems to me is that at the moment they are testing the offer and are seeing how much more they can sell cheaper, perhaps institutions and investors are buying stealthily and not massively so as not to shoot. suspicion. After this I think you can go up $60k to $70k as well, and be careful if it hits $100k which is where many are waiting to sell.

[batang_bitcoin]

I am hoping that it will not fall below 40k as it seems the support is strong in the 40k level and above.
However, in this market, we don't exactly know what will happen next.
It can go down fast but recover fast as well. Either way, you should be prepared if you are into this market.
There are big players, that's right. But we don't know their true motive of why they are into crypto.
They can sell their share if they are seeing good profit and we can't stop such event from happening.

It's all hanging in the air and we don't know how much it will hold until this dip ends. But as long as we want to, if it stays above $40k then that's a very favorable dip for us.
We know how bitcoin moves dramatically and unexpectedly. And if it will be on that level of pricing, that's still a good deal to me but I don't know to others who can't accept that it has gone down for a while.

[traderethereum]

I hope the lowest price of Bitcoin in this current correction will be $43K-$45K. Then, after dropped till these prices, the Bitcoin price will continue to increase again. I really expect that the next increase will achieve $60K and will survive around $58K-$60K. If it can happen, the altcoin season will possibly come soon in the next few months.

Expect that, bitcoin is on a roller coaster ride specially at the end of the month.

And then when a new month comes in, the price will slowly recover in the first week, and then 2nd and 3rd week we will see another all time high around $60k-$70k. Altcoin season has started already, although it still has to be tied on bitcoin's price. When bitcoin is up, altcoin will only increase because of the domino effect.

I expect the same as both of you because the price drop will not stay for a long time in the market, and the price will start another rally.
We can hope that the price will be increased in the next month and start the rally and break $50k and even it will break $60k-$70k.
But before that, maybe bitcoin gives us more time to buy back more bitcoin because if the price is starting to increase, we will be too late to buy bitcoin.
So we need to use this time to buy bitcoin.
Maybe in this drop of bitcoin price, we can hope that some altcoin can increase so that can help us to get more profit in bitcoin that we can sell when the price increase.

I think the same, what it seems to me is that at the moment they are testing the offer and are seeing how much more they can sell cheaper, perhaps institutions and investors are buying stealthily and not massively so as not to shoot. suspicion. After this I think you can go up $60k to $70k as well, and be careful if it hits $100k which is where many are waiting to sell.

Yes, I am sure they will buy bitcoin stealthily and not tell the public what they have done.
They will tell the public after the price can back increase and say that they support bitcoin and buy with big funds.
I think the price needs to break $60k first and make a surprise to us again and the price will steadily increase and break the new ATH.
But I guess it is not easy for bitcoin to increase as we saw the price does not rise to $50k this month.
We need to be patient for a while.

[acener]

I don't know how much it could be but I think it wouldn't go down below $40K more like hoping that it wouldn't,
But if it does then I think it would also be a good time to buy and hold I hope that it wouldn't end up like the crash that we experience in 2017.