How low will Bitcoin go?

[Abiky]

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark. China, Elon Musk, among many other things, have caused the crypto market to go bearish. At the time of this writing, Bitcoin sits at around $33k per coin. A couple of days ago, Bitcoin was valued at $31k per coin. This is a good opportunity for those who missed on the train to grab coins at discounted prices. But it's a terrible situation for those who bought some Bitcoin when it was close to the $60k mark.

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

[BitcoinBarrel]

It could go to $10k but it will eventually go back up. It really depends on many economic factors. It always goes back up, as long as the internet is around.

[TangentC]

go to $10k

Agreed, $10K is the final destination.  

Sold all BTC 2 weeks ago.

Expect a long crypto winter.

FYI:

Bitcoin Weekly Dead Cat Bounce ending
Bitcoin Price
Soon to be below $30K
A few more dead cat bounces
Next to be below $20K
A few more dead cat bounces
Final Destination $10K

Happy Trading 


Buying Opportunity at $10k, anything before that is you just giving money away. 

[Mr.sprin]

It could go to $10k but it will eventually go back up. It really depends on many economic factors. It always goes back up, as long as the internet is around.

actually no one knows how much the price of bitcoin will go down you mention $ 10 k it's just your assumption but for sure the price of bitcoin is very difficult to guess, and I want to ask how do you mean the price of bitcoin will always go up as long as the internet exists? please explain more clearly.

[G-Money7777]

$28.5K will be the low... only highs from here

[YOSHIE]

Honestly I don't want to predict / fantasize anymore about the decline in the price of Bitcoin for now, today it is trading at $32,000, this is a very far drop from the previous price.

I believe for myself, Bitcoin will go down even more. My heart says $20k and possibly even lower, for now I don't have Bitcoin in my wallet, everything I have melted down into several parts including fiat, I will see further developments on this decline, I will take three parts in the future.

1. $20k and
2. 15k
3. 10k

And I will try to buy.

[Flexystar]

Though if someone has bought it at $60k mark, it still does not matter. The reason one, whenever BTC reaches certain amount of ATH, then it always drops, creates the resistance, then there is may or may not be a bad/good news on the way which hampers it more.
However, there is one thing is for sure, BTC has always not matter what re-bounced to that ATH and without fail it has crossed its previous ATH too.

I don't think we should be much worried about it. Also, the halving cycle will come by 2023, which will reduced the reward, increase the demand and we will have lesser supply as people go on buying.

This always turn it out to be beneficial for bitcoins price movement.

Lets hold tight buddies.

[Pandji02]

I think BTC will stay near 30-35k for this summer or maybe longer. I bought some recently and hodling it in ownr. Not going to sell it untill it at least hits 100k.

[LimLims]

It could go to $10k but it will eventually go back up. It really depends on many economic factors. It always goes back up, as long as the internet is around.

Sorry to say, but I don’t agree with you.
10k USD is too low for BTC standards.
Now as the BTC is falling it will fall at last to 27k USD, and i am sure not less than that.
Moreover as soon as the price falls down, many people will start buying the coin at low price and that’s it.
It will now help again to boost the price of BTC.
So a bright future awaits for BTC holders.

[bittraffic]

I think BTC will stay near 30-35k for this summer or maybe longer. I bought some recently and hodling it in ownr. Not going to sell it untill it at least hits 100k.

It's already going $20K or could get worse than that. The one thing that the market wants you to think is that it's possible to go back up again at a short period of time but in reality, a long winter market awaits as history repeats itself again. 2018 long bear market is coming back again.  If you still have the chance I think taking your money out will be beneficial for you still.

[OcTradism]

Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong?

50% or more discount percent is good to accumulate cheap bitcoin. It is funny when people wanted to have cheaper price to buy bitcoin when the price topped above $60k and now when they have discount, they are not brave enough to accumulate. It is a common psychology of most of people in the market.

I think sub $20k is possible and the bottom can be about $19k. However, bitcoin can reverse any time with price from $24k and sub $20k might never be touched.

Buy it around $24k or $19k and hodl, please don't sell it below $50k.

[GreatArkansas]

For me, if we will not close below $30,000 this month, I am positive that we will see Bitcoin will go sideways for next month, July.
So, it's kinda very risky for Bitcoin now, even we all know there is huge support around $28,000 - $30,000. But then again, if ever we will still go down around those areas, I will be buying more.
The drop from all-time-high up to around below $30,000 is already a massive drop, so for me, I am not expecting any more drop below $25,000 - $20,000.

[Tristan Bieber]

I think Bitcoin should not fall to around US$20,000 in the next few months, because China’s various measures and bans have almost been implemented, and the impact on Bitcoin has basically ended. There will be various positive news for the next two. , The price is already the lowest, and Bitcoin should rebound in the next period of time, because we have also seen that some countries are declaring Bitcoin as the national legal currency, which will further promote the rise of Bitcoin. If you want to buy Bitcoin, this will be the best opportunity, and the price will not drop as low as it is now.

[UserU]

50% or more discount percent is good to accumulate cheap bitcoin. It is funny when people wanted to have cheaper price to buy bitcoin when the price topped above $60k and now when they have discount, they are not brave enough to accumulate. It is a common psychology of most of people in the market.

I think sub $20k is possible and the bottom can be about $19k. However, bitcoin can reverse any time with price from $24k and sub $20k might never be touched.

Buy it around $24k or $19k and hodl, please don't sell it below $50k.

I believe those people caught the falling knife so they're probably out of funds to enter

[masterrex]

IMHO, I'm strongly believe in saying, that anything can happen in the crypto space, so honestly speaking the Bitcoin price could go up or go down in no time and no one knows when it will happen because its a game of speculation anyone can predict or say its opinion but one thing I'm very sure that no one knows the future price of BTC in advance. Here is my personal prediction it will return to $20K but not going lower than that level within this year.

[22bits]

The standard fall from exponential highs has been 85% (at least the 2017 FOMO rise), but I think bitcoin is becoming more mainstream, seasoned and will actually be less volatile than before.  If you look at stocks normally except under very rare circumstances, when they fall 85% they are going to zero.  Stock markets as a whole generally only go down about 50% in a crash.  Since the high on bitcoin was above 60,000 I am guessing the bottom will be north of 20,000, just my guess.  Others suggesting 10,000 may be right, but I would be more in the doesn't break 20,000 in this down move camp.  

[famososMuertos]

It looks like Bitcoin's been on a constant bloodbath, struggling to get past the $40k mark....//...:

I do not believe in that qualification, a bit exaggerated, well at least for me, the point is that we set the +$60K as the benchmark, when for the most enthusiastic in the price being close to +$40K for these months meant an important achievement I think this correction is so welcome that those who understand bitcoin volatility know that the 60k barrier will not take as long to overcome as it did with the +$20K barrier.

By the way we should still be celebrating having surpassed the + 20k figure, but the 60k hangover makes us forget the true achievements.

[Woodie]

For now news coming from China is doing the most to make markets more bearish, but the good news is miners have countered by moving their mining activities to another place which means market confidence will soon be restored.

But to answer the question of how low price will get,I think we shouldn't  go below 25k we need to head back up to $60k or more.

[Renampun]

...

I'm wondering how low will Bitcoin go in price within the next couple of months? Will we likely see Bitcoin heading back to sub $20k prices? Or it is too late already? Do you plan to buy more Bitcoin and "hodl" strong? Or do you plan to sell it all? Your input will be greatly appreciated. Thank you very much.

in today's uncertain market conditions many are worried about their BTC portfolio...

I will not sell when the market conditions are sideways like this, bitcoin has been to $60k so I'm sure BTC will return to that price. don't panic, keep holding.

[maydna]

Hopefully, $28k was the lowest price of bitcoin, and the price is not going lower than that price. But this day, the bitcoin price is back to $31,300, making the price go to the lower price. But we don't if the price will not go down below that price because the bitcoin price itself is unpredicted, and we can only wait for a while. But with what happened to bitcoin now, I think the up and down of the price will still continue and will give us more time to buy low and sell high.

The trend now becomes down again, but we hope that the price can start another rally in the next week and lift the price to the high price in the next week. If the price can still up and down many times in the next weeks, I guess we can use that for our benefits and make more profit.