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

[sniveel]

In my own, I don't have any idea what price will bitcoin fall down. I can't predict until when is this downtrend will be but there is one thing I will be sure about, that bitcoin and other altcoins will bounce back once this downtrend will end. So for now, I'll just wait for the dip to end and buy more, and hold it until the next bull run comes.

[DoublerHunter]

In my own, I don't have any idea what price will bitcoin fall down. I can't predict until when is this downtrend will be but there is one thing I will be sure about, that bitcoin and other altcoins will bounce back once this downtrend will end. So for now, I'll just wait for the dip to end and buy more, and hold it until the next bull run comes.

^ We are not, that is a very complicated question because nobody knows the real forecast of the crypto market price. We are all here to give our own perspective and speculation but we all did not the exact result when, where the price of BTC price goes up and down. But that is a good idea, waiting when until there is bull run come and if this is you are willing to hold on that period of time or without specific of time. Nevertheless, if you want safe holding your BTC, just hold until you will have a profit or until when your desire profit will reach, but by asking a specific time, we can not provide exact forcast.

[cheezcarls]

The problem is that we can’t easily determine how long will Bitcoin go down with the other cryptocurrencies. Correction is already expected because the growth of Bitcoin is kinda super parabolic. We don’t even know what would be the new support level, but I would call it $40k at least. I would be happy if I can buy Bitcoin at a very cheap price, in which I have failed in doing it last December. The market right now is unpredictable and highly volatile as well. Risk management is the best skill that we should learn right now if circumstances happen like the correction period.

[XZERO1]

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

$40k seems about a good place to get a bounce from, but then again market makers definitely predict that all eyes will be on that range, so there's a chance that it either does not go down that much and get a bounce before that, or they could just let it go down to around $38K-$39k to shake out some more people that will definitely sell out pf panic and then after they're done with accumulation, they release some bullish news from one of their various news networks/social media and make retailers pump it again, it's full on manipulation right now and hard to predict or do any proper TA because of that.

[Kasabus]

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, I hope it bounces back to $20k or below. Many were waiting for that time, they will buy more, increase the demand and get back to high again.

Probably, if there is a huge dump/correction that will happen, it will never be that long. Why? people got crazy about buying more and this will help the market to recover instantly. But I can't see having a huge price correction happen this year( or not anymore) as the resistance keeping strong and the market flow still improving. Maybe it is not a good idea to wait that time to come but to start buying some when there are short dumps. This will only be the best option.

[Rasel5209]

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 don't how many time you spend in crypto. Btc price can be fall down 20k. When i saw btc price 47k i convert it usd. Cause i think it price can be fall down.

[konflikkastil]

BTC can't really go down that much, and I will tell you the reason for saying that. I will like to take a very careful look at the recent development on btc. The kind of investors that has never come, has started investing heavy on btc now. And when this kind of things is happening, a major drop in btc is never going to happen any time soon. Even some govt are buying btc now and keeping them for the future. I told some of my friends that before year 2050 the price of btc will hit a million dollars. Are you surprised? No, no be. That's my prediction and its 85% sure that's its going to happen. Many people still coming to invest before this year ends.

[dunfida]

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 don't how many time you spend in crypto. Btc price can be fall down 20k. When i saw btc price 47k i convert it usd. Cause i think it price can be fall down.

Buying and selling will really be depending into your position as long you do able to make profits or in greens then that would matter most.Every person does have their own criteria
before making any step forward and with due experience you can really able to point out on what are the common movements or decisions to be made on a particular situation.
Market can crash as badly as it can or shall we say on big percentage drop even on a single day neither there are some news attached to it or just purely some sell off point.
Predicting the bottom had always been a pain in the ass for all people who do engage into this market.

[ololajulo]

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

We have not gotten to that price region and we hope if it could stay few days until the USA palliative is distributed, we might likely stay above this support. I think the idea should help to determine price for stop loss but if we break below this we might see a disaster.

[sayaya17]

I've seen the lowest price of bitcoin at $44k and it's back up to $45k today. I don't know if it could be the lowest price at $40-42k, maybe if it could, then it could have happened this week. But now it seems good to buy bitcoin because it has been a 20% correction. I do not expect bitcoin will correct 30%-40% as happened in 2017. If that happens, it's good to buy it.

[Negotiation]

I have seen the maximum price of bitcoin is $ 45k but the price has increased a bit compared to before it is not possible to say how much BTC will be the minimum the market is going up and down even if it goes down the market will correct again in time. Even if BTC drops it will not go down like in 2017 not going below $ 40k is going to come prices are likely to rise this month.

[tvplus006]

I don't how many time you spend in crypto. Btc price can be fall down 20k. When i saw btc price 47k i convert it usd. Cause i think it price can be fall down.

I am sure that in the near future we will not see such a price of 20 thousand dollars for bitcoin. Given that institutional investors bought 40% of the volume of BTC at the level of 30 thousand dollars, they will not allow to reduce the price below this level. So the bull market is not over for bitcoin yet and I am waiting for a new ATH for BTC.

[New.in.trading]

I want to see 40k so I can buy some more BTCUSD. Everything above is to expensive for me. On the other side, I dont think that BTC will fall much lower then 40k

[tygeade]

My estimate is that the price could drop into low 20k levels, like 22-24k level, that seems like a reasonable price to drop if it bottoms out. This could be something like a correction and doesn't reach 40k and then increase to 100k+ that would be great but that is of course if this is not a drop and it would be an increase instead, this is why I believe it should be something similar like what happened a month ago, BUT even if that is not the case and it drops to insanely low levels that would mean that we will definitely reach to low 20k levels as a bottom and it will not go down anymore.

The last time the bottom was at around 4k or so a bit more under that price but that was the bottom, we didn't see under 3k ever again after the 20k level was seen, this time it was about 60k or so and when it drops it will not be going towards under 20k for sure.

[imstillthebest]

are you buying if btc fell off to 40 and 42k ? but i like you because you arent a cheap buyer .
 you dont demand for more drops unlike to the people out there that hopes for btc to go back to 10k before they want to decide buying again .
 we have the same thoughts if you think that the 47k is the lowest because we are stuck at 47k for days but this may be high for buying but if you can afford 40 and 42k maybe you can give an exeption to 47k for the first time .

[blckhawk]

I don't how many time you spend in crypto. Btc price can be fall down 20k. When i saw btc price 47k i convert it usd. Cause i think it price can be fall down.

I am sure that in the near future we will not see such a price of 20 thousand dollars for bitcoin. Given that institutional investors bought 40% of the volume of BTC at the level of 30 thousand dollars, they will not allow to reduce the price below this level. So the bull market is not over for bitcoin yet and I am waiting for a new ATH for BTC.

I also believed that Bitcoin won't fall $20k this time unless those big Hodlers and institutions finally decided to sell-off which is I don't think they are going to do now. Perhaps bull run will last more longer and it will be pushed up to six-digit numbers, by then I expect that there will be some big sell-off gonna happen. Yes, there will be some correction gonna happen like recently where it goes down around $43k and now it bounces back again at $47k. Thus why, if you are going to make a profit, take all the opportunity to buy at corrections cause for what I believe there will be quite pull back from here.

[carlisle1]

are you buying if btc fell off to 40 and 42k ? but i like you because you arent a cheap buyer .
 you dont demand for more drops unlike to the people out there that hopes for btc to go back to 10k before they want to decide buying again .
 we have the same thoughts if you think that the 47k is the lowest because we are stuck at 47k for days but this may be high for buying but if you can afford 40 and 42k maybe you can give an exeption to 47k for the first time .

Such level is more close than expecting to see Bitcoin to fall up to $10K, with so many good news happened after this year
and with more interest coming from institutional new investors that low still far or it won't happened anymore.

But likewise, we are inside crypto and we don't know what future brings ahead. We need our knowledge to enhance more and to keep ourselves updated

with whatever news that may come and bring Fomo's or Fuds, be very careful, positioning depends from how you assess and analyze the market.

[SaShiRaJaVu]

My estimate is that the price could drop into low 20k levels, like 22-24k level, that seems like a reasonable price to drop if it bottoms out. This could be something like a correction and doesn't reach 40k and then increase to 100k+ that would be great but that is of course if this is not a drop and it would be an increase instead, this is why I believe it should be something similar like what happened a month ago, BUT even if that is not the case and it drops to insanely low levels that would mean that we will definitely reach to low 20k levels as a bottom and it will not go down anymore.

That is what is expected during the major correction that the price would go down to $20k levels but right now we are still in the bull era and we saw a momentary weakness in the market and i was expecting the correction to stay for a few days but the market is recovering yet again. Everyone is expecting the market to touch $100k and if that happens then if the market goes to $20k levels it does not look good for the market.

[jaberwock]

My estimate is that the price could drop into low 20k levels, like 22-24k level, that seems like a reasonable price to drop if it bottoms out. This could be something like a correction and doesn't reach 40k and then increase to 100k+ that would be great but that is of course if this is not a drop and it would be an increase instead, this is why I believe it should be something similar like what happened a month ago, BUT even if that is not the case and it drops to insanely low levels that would mean that we will definitely reach to low 20k levels as a bottom and it will not go down anymore.

That is what is expected during the major correction that the price would go down to $20k levels but right now we are still in the bull era and we saw a momentary weakness in the market and i was expecting the correction to stay for a few days but the market is recovering yet again. Everyone is expecting the market to touch $100k and if that happens then if the market goes to $20k levels it does not look good for the market.

Yeah, people do realize that we are still above 40k right? I mean sure it has dropped a lot but this was literally the price like a week ago or so, we were under this price before that forever, for the first time ever we moved over 55k just like a week or ten days ago and that is why this drop should not really be that scary.

A lot of people feel scared already, and they are getting away, but as you can see the price stands and nothing happens there. This is why I keep telling people not to worry because if everyone is in panic mode like this and they are not dropping the price, they are not really capable of doing it and we should be fine. Last time we had a crash like this, we recovered and did a 2x, that is what I keep saying, we did a 2x after a drop like this and if we are on that path again right now, that means we could actually make a good profit if we get in right now.

[Yatsan]

Nothing sure as always. We cannot tell exactly into how much extent the drop would go because surprisingly, the price pumps up bit by bit even if it experiences sudden dump in terms of price within the past few days. Let us just wait and see into what extent can it get through if it will remarkably get back into where it have started $20k or just sustain its position up in more than $30k. Anyways, no one will know for we are just suspecting based on what we think can happen. The answers will be unfold no matter what in the near future so better just wait and see if our assumptions will be right or wrong.