How low will Bitcoin go?

[yohananaomi]

I hope we’ve already seen the bottom of the China induced correction. I’m not feeling too confident about the price at the moment though. It just feels like big players are desperate to see the price go lower. I’m desperate to see the trend reverse & restart the bull run.

bitcoin was hit by a barrage of bad news, causing many to be insecure, to take inappropriate actions. resulted in bitcoin experiencing a very deep correction. fortunately there are still those who remain loyal and survive, to be able to hold back the rate of bitcoin so that it doesn't fall even more.

Your hope is of course the trend of turning away from bitcoin is eagerly awaited by many crypto fans to be able to happen again. by starting to set up to move up even though it may take quite a while, to be able to make bitcoin able to regain momentum to lead to improvement. of course we will see this after Q3, until the end of this year bitcoin will increase again.

[RealMalatesta]

bitcoin was hit by a barrage of bad news, causing many to be insecure, to take inappropriate actions. resulted in bitcoin experiencing a very deep correction. fortunately there are still those who remain loyal and survive, to be able to hold back the rate of bitcoin so that it doesn't fall even more.

Your hope is of course the trend of turning away from bitcoin is eagerly awaited by many crypto fans to be able to happen again. by starting to set up to move up even though it may take quite a while, to be able to make bitcoin able to regain momentum to lead to improvement. of course we will see this after Q3, until the end of this year bitcoin will increase again.

I believe that it was bound to happen and news wasn't the real reason for it. I feel like we have gone up so much that we were dealing with very thin layer of protection and we were in a bubble price, 64k in a year after we reached below 4k in 2020 as bottom didn't look like healthy increase. So yeah, the news did broke out and the price went down afterwards and some tweets by Elon and some other stuff, but they were all "reason" for people to get out of a market that looked too bubbly.

You do not drop 50% in under a week just because of some news, there were bad news before and it didn't impacted the price to drop 50% total, that wasn't the case, however this time around it was not because the news was big, we always get bad news, but only because price was at a place where support couldn't hold it anymore. That is the real reason why we went low if you ask me.

[Elsaveronicha]

it can go down to $20k. But I'm sure it's only temporary. So we need to be patient and don't panic when it crashes.
I'm sure if we keep long term, it will gain a lot.

[doomloop]

I like when you said "it will goes back up" it's make me feel comfy, and the fact is like what you said above. The price will goes up and down depend on market supply and demand, with some issues and rumors, BTC will always goes up. IMHO no one can resist the existing of bitcoin and his technology, it's just about time when it will explode.

And price should never define whether it's time for BTC to shut down. I mean price volatility has always been associated with the crypto markets and if you are deciding the future of crypto just after a bear run, then it shows we still don't trust bitcoin and the mechanism.

Guys remember the governments would have banned crypto by now if they were able to but just like you cannot ban people signing in their bathrooms, you cannot ban people from transacting crypto even after a ban has been imposed.

The crypto market just needs some faith and trust from us, some of us have made a life out of bitcoins and at least when the market is down and outsiders are trying to kill it, we as a community should show some trust in our currency. Bitcoin was made for the people and if people don't trust it, then it cannot last forever.

[Robinson66]

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.

I think Bitcoin will definitely rise. It should not be possible to reach $10k. It is a test of people’s mentality now, but at this time, you should be a little patient and don’t just sell your Bitcoin easily, because now the negative news about Bitcoin is fast No more, it will be back to the same as before。

[Maslate]

it can go down to $20k. But I'm sure it's only temporary. So we need to be patient and don't panic when it crashes.
I'm sure if we keep long term, it will gain a lot.

You will gain a lot if you invest more, that will be the fact.
Because a lot of people saying be patient, just hold, keep patient, but the question is if they are doing this? Probably, not and they are just doing this to give some false hope to the others.

If the market will dump again like you said $20k or below, it can be temporary for sure but we can never expect that it recovers so fast.
Well, Bitcoin will go for long-term, no doubt for that. Investors took the advantage of buying Bitcoin it is because they have some faith and trust even though they never know how long this Bitcoin could still exist.

[kotajikikox]

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.

I think Bitcoin will definitely rise. It should not be possible to reach $10k. It is a test of people’s mentality now, but at this time, you should be a little patient and don’t just sell your Bitcoin easily, because now the negative news about Bitcoin is fast No more, it will be back to the same as before。

Back as same as before?  the price before is below 10k lol .

Just late last year and early this year that the price trend change Highly so don't say that is is easy as that.
Bitcoin price will certainly grow but this is not happening any time soon.

Even Wall Observer Thread here >>>>>>>>>>>>>>>> https://bitcointalk.org/index.php?topic=178336.0


is having separate stand about the bullishness or the bearishness to come .

[Taskford]

it can go down to $20k. But I'm sure it's only temporary. So we need to be patient and don't panic when it crashes.
I'm sure if we keep long term, it will gain a lot.

You will gain a lot if you invest more, that will be the fact.
Because a lot of people saying be patient, just hold, keep patient, but the question is if they are doing this? Probably, not and they are just doing this to give some false hope to the others.

Maybe they are believing that it is but they cannot execute for theirselves since they don't have  enough fundings, but actually its really hard to hold since the market is unpredictable and we don't know if we can earn in future or not the only one we have is the hope of price increase since we make those past events where bitcoin bull  run cames. Although have the same question to since I don't know if those people who told to hold is really a holder or they just want hype up and let other experience on what will be the possible result of holding for long term.

[Vatimins]

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.

     Bitcoin right now is really driving me nuts. Its like bitcoin is spitting on the charts. Man, I can't even trust my own technical analysis nowadays which worked really great for quite some time. Either I am just dumb with TA along with a lot of other traders or someone or a group of people are counter trading other traders to liquidate them. Well, all I can do is speculate as of the moment. Bitcoin right now is still struggling so much to get over that 200ma and seems to follow the max pain. But I really don't know anymore if I should trust the crap I see on the charts.

     The thing I can only do right now is hedge to assess my losses. I'm glad though that I let go of my altcoins back then when the price of bitcoin was still at 38k-ish. Although I suffered a bit of a loss, at least only a little compared to how much I would have lost if I never sold. At least right now I have funds to rebuy and reduce my losses in btc and be able to buyback those alts cheaper this time.

[Abiky]

At this moment, it's not good to hold bitcoin if you are aiming to increase your holding.

I would agree with some investors who think of selling their bitcoin and just bought back when bitcoin dump.
With the current movement of bitcoin, it's possible that we will dump below $30k and worse is it will dip until $10k.

That could be too low since we got $60k, but based on history and its trend, it's not impossible.

Worse case, Bitcoin can go as low as $8k with a long-lasting bear market. With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, anything can happen within the next months. We should be prepared for the worst by selling Bitcoin when it's bullish and buying more coins when it goes all the way down the drain. I usually exchange my Bitcoin to stablecoins whenever I see the opportunity to prevent losses with wild fluctuations in price.

No matter how low Bitcoin goes within the short term, it'll always be a valuable cryptocurrency because of its deflationary model. Long-term speaking, Bitcoin should be heading north of $60k per coin. Price doesn't matter as long as you buy and sell at the right time. You'll achieve peace of mind in the long run if you play your cards right. Just my opinion

[Maslate]

At this moment, it's not good to hold bitcoin if you are aiming to increase your holding.

I would agree with some investors who think of selling their bitcoin and just bought back when bitcoin dump.
With the current movement of bitcoin, it's possible that we will dump below $30k and worse is it will dip until $10k.

That could be too low since we got $60k, but based on history and its trend, it's not impossible.

Worse case, Bitcoin can go as low as $8k with a long-lasting bear market. With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, anything can happen within the next months. We should be prepared for the worst by selling Bitcoin when it's bullish and buying more coins when it goes all the way down the drain. I usually exchange my Bitcoin to stablecoins whenever I see the opportunity to prevent losses with wild fluctuations in price.

No matter how low Bitcoin goes within the short term, it'll always be a valuable cryptocurrency because of its deflationary model. Long-term speaking, Bitcoin should be heading north of $60k per coin. Price doesn't matter as long as you buy and sell at the right time. You'll achieve peace of mind in the long run if you play your cards right. Just my opinion

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

[Hypnosis00]

snipped~

Worse case, Bitcoin can go as low as $8k with a long-lasting bear market. With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, anything can happen within the next months. We should be prepared for the worst by selling Bitcoin when it's bullish and buying more coins when it goes all the way down the drain. I usually exchange my Bitcoin to stablecoins whenever I see the opportunity to prevent losses with wild fluctuations in price.

No matter how low Bitcoin goes within the short term, it'll always be a valuable cryptocurrency because of its deflationary model. Long-term speaking, Bitcoin should be heading north of $60k per coin. Price doesn't matter as long as you buy and sell at the right time. You'll achieve peace of mind in the long run if you play your cards right. Just my opinion

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

Well, that seems to be possible as the market is unpredictable but as what it had shown after China's statement towards mining (Banning), that only it gives a little impact on the trend, we experience short declines but the market able to recover and have a steady market price. What I think is that the investors and traders are already preparing for this worse possible scenario and they keep themselves calm, with no indications of panic selling unlike before. I think, we had learn from the past and this why the market price remains healthy.

[Shasha80]

At this moment, it's not good to hold bitcoin if you are aiming to increase your holding.

I would agree with some investors who think of selling their bitcoin and just bought back when bitcoin dump.
With the current movement of bitcoin, it's possible that we will dump below $30k and worse is it will dip until $10k.

That could be too low since we got $60k, but based on history and its trend, it's not impossible.

Worse case, Bitcoin can go as low as $8k with a long-lasting bear market. With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, anything can happen within the next months. We should be prepared for the worst by selling Bitcoin when it's bullish and buying more coins when it goes all the way down the drain. I usually exchange my Bitcoin to stablecoins whenever I see the opportunity to prevent losses with wild fluctuations in price.

No matter how low Bitcoin goes within the short term, it'll always be a valuable cryptocurrency because of its deflationary model. Long-term speaking, Bitcoin should be heading north of $60k per coin. Price doesn't matter as long as you buy and sell at the right time. You'll achieve peace of mind in the long run if you play your cards right. Just my opinion

For an investor with enough knowledge and experience, I would say you are definitely telling the truth. I'm never worried about what is happening with the market now, and if there's a worse case scenario will come, then it's okay as I've already seen it in the past. Maybe it's time to conclude that the rest of the year will be bearish, so that way we will be able to make a decision on how to handle the situation that we will still benefit.

People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

[DU18]

~
People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Most people are worried because of a lack of experience and knowledge. You should first educate yourself. Don't give up, and keep moving forward. I think Bitcoin might move up to 36k within a few days. This is just my opinion. If you need advice, please do not take it, but watch BTC movement closely.

Any weakness in the broader market or a reduction in liquidity can lead to a sharp decline in Bitcoin, and this will make some investors and new traders panic so they sell their bitcoins, I agree as you say, because when the bitcoin price peaks in price some a long time ago, many people started to switch to crypto investments, especially bitcoin without having sufficient knowledge, and as a result when the bitcoin price fell like it is now of course they would panic very much because they experienced losses and eventually sell their assets to cut losses so as not to get caught in losses what's even deeper, they actually don't realize the panic selling bitcoins actually makes the bitcoin price fall even more badly.

[Erdogan]

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.

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

[Taskford]

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.

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

Bear market already hit us that's why we see a major price decrease after it hits a record breaking ATH this year although bitcoin price is now recovering but we cannot say  that we are in safezone now since there's still possibilities that market will be  shaken off if there are more fuds came. But we shouldn't be worried about those since as long as we can see the price looks promising at $33k the future is bright for it.  But I really hope we cannot see that $10k price you predicted.

[Mistafreeze]

No one knows the lowest level the Bitcoin market will reach before continuing it bullish trend to the top. The market has a lot of ways in deciding it direction which is difficult most time to analyze accurately but sometimes their is always a good tendency of guessing the market right when using the right tools and information, not just looking at the market with a partial view or carrying out trivial analysis that would not be able to give good result.

Speculating Bitcoin price accurately needs a lot of works and it takes a  knowledgeable mind to assertain the least shallow price of Bitcoin before a turning point exceeding it highest level. Well I could estimate that the price is going to reach below $20k  and then ranging for a while before determining it next trend which I believe it would continue the normal bullish trend.

The market is ranging now to gain strength to go more bearish, breaking the $20k level consolidating before going bullish. More investors that bought Bitcoin at $65k level would have been in big loses now, which I expect some to rather sell their Bitcoin when it reaches $50k again and bear their loses then prepare to for the next Bearish consolidation of the market.

[SquallLeonhart]

In my opinion, what we see on the charts is not a bear market yet, but only a temporary correction. I think if the price doesn't drop below $28k for the next month, we should see an increase and a march for new ATH.
However, if it is start of the bear market, I'm sure the price could dive below $10k. In my opinion, you should expect 90% drop from ATH, which is even up to $6k

I do not think that it will go down under 10k even if we are in a bear market after this, even if the price goes down it will not go down under 10k, it may go down under 20k which is the bare minimum what I think it will happen, a price like 14-16k levels would be the bare minimum it could reach, under 10k is way too much packed right now and in order to do that we need to have nearly a million bitcoins sold without anyone buying at the current prices until that time which we all know there will be a lot of buyers coming up after that but let's assume that is negated by all the new sellers added as well, who can really believe that we could sell nearly million (more like 700k) bitcoins sold in the next few months to drop the price to around 4-5k once again? I really do not think that it will happen and that is why I am not really that much worried.

[WNTRjon]

I could see Bitcoin touching $20,000, but not lower in the next 3-5 years. Even in an extended market downturn, I just don't see it happening. There is too much mone out there to prop it up if needed during rough patches.

[Shasha80]

~
People who are worried about the current market are usually newbies, because for people who have knowledge and experience, of course
what is happening to Bitcoin today is commonplace. Bitcoin has often fallen quite deep in the past and can always come back to get back up
again. Then there is nothing to worry about, we just need to be patient holding the Bitcoins we have. I'm still optimistic though,
as long as Bitcoin hasn't dropped below $20k, that means the rest of the year is likely bullish.

Most people are worried because of a lack of experience and knowledge. You should first educate yourself. Don't give up, and keep moving forward. I think Bitcoin might move up to 36k within a few days. This is just my opinion. If you need advice, please do not take it, but watch BTC movement closely.

Therefore it is very important before deciding to buy Bitcoin, we must really understand how Bitcoin works. If we invest in something that we
do not understand, then we will panic seeing the current market. Because people who invest in Bitcoin without experience and knowledge will
definitely worry and panic seeing the current Bitcoin price. So some people finally decided to do a cutloss, fearing the price of Bitcoin will drop
even lower. My advice never buy Bitcoin because of other people's advice, but always do your own research and analysis before deciding to
invest in Bitcoin. Hopefully your predictions come true, that Bitcoin can return to the price of $ 36k, in order to help boost investors confidence.