How low will Bitcoin go?

[NeverSop]

With China banning Bitcoin miners and Elon Musk criticizing its high energy consumption, the market price of bitcoin will as low as 10k$ .Pls prepare for the worst ，There is a long-lasting bear market.

I don't understand what is your last reason? when relying only on Elon and Fud china,... Bitcoin will not fall to 10k$, it will never happen. The market is still reacting well to volume from Grayscale trusts, it certainly won't prolong this melancholy. Highest risk if we are disadvantaged at 30k, then 28k then stop is 24k. Forget the past, it won't repeat that fun.

[South Park]

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.

No one knows how long the market will continue to deteriorate like this, because short-term sentiment seems as if the bitcoin price is already at its lowest level right now, but bitcoin price movements which are still often experiencing price consolidation could of course make the bitcoin price decline again to a lower price, and now a lot of market analysis is saying if the price of bitcoin has not been at its lowest point and the possibility of a strong bitcoin liquidity at $30K is broken then it could be that the price of bitcoin will go to a price of $25K, because in the last few weeks bitcoin's strongest wall is at $30K so it often makes the price of bitcoin rebound.

Right now things are not looking good, the price is below the 32k level and this is a problem as we are closer to the 30k level than we are of the 40k level, if people fail to defend the 30k level then who knows how low the price will go as people will panic and will begin to sell their coins for a really bad price, but if people really believe in bitcoin they have no other option but to endure this, it is difficult I am not going to lie as I was here when the market crashed in 2017 and it was hard, but it is necessary so we can keep forming part of this market.

[freedomgo]

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.

No one knows how long the market will continue to deteriorate like this, because short-term sentiment seems as if the bitcoin price is already at its lowest level right now, but bitcoin price movements which are still often experiencing price consolidation could of course make the bitcoin price decline again to a lower price, and now a lot of market analysis is saying if the price of bitcoin has not been at its lowest point and the possibility of a strong bitcoin liquidity at $30K is broken then it could be that the price of bitcoin will go to a price of $25K, because in the last few weeks bitcoin's strongest wall is at $30K so it often makes the price of bitcoin rebound.

Right now things are not looking good, the price is below the 32k level and this is a problem as we are closer to the 30k level than we are of the 40k level, if people fail to defend the 30k level then who knows how low the price will go as people will panic and will begin to sell their coins for a really bad price, but if people really believe in bitcoin they have no other option but to endure this, it is difficult I am not going to lie as I was here when the market crashed in 2017 and it was hard, but it is necessary so we can keep forming part of this market.

The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.

[Saisher]

The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.

The $30k is crucial but if ever it cannot sustain that level it will open a good opportunity to investors who are looking for a dip, I'm sure many investors are ready to buy when weak hands started to sell their shares, we need not worry when there are dumpers, there are always takers and these takers will be the lucky one.

[lalabotax]

Will we likely see Bitcoin heading back to sub $20k prices?

I think the Bitcoin price can be around $20k again in the early of the next year, 2022. In my opinion, bullish will be over after 2021 ends, then the Bitcoin price will drop massively. There is a chance for Bitcoin to drop to $20k or even below $20k once the bearish season comes. I am not really sure how far the Bitcoin price will drop exactly, but $20k is very possible.

Do you plan to buy more Bitcoin and "hodl" strong?

For now, I am afraid to buy more. I prefer to hold my existing Bitcoin. I hope the price will grow up again around $40k-$50k, then I plan to sell my Bitcoin. I am sure Bitcoin price still has a chance to increase again before the upcoming bearish season.

[South Park]

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.

No one knows how long the market will continue to deteriorate like this, because short-term sentiment seems as if the bitcoin price is already at its lowest level right now, but bitcoin price movements which are still often experiencing price consolidation could of course make the bitcoin price decline again to a lower price, and now a lot of market analysis is saying if the price of bitcoin has not been at its lowest point and the possibility of a strong bitcoin liquidity at $30K is broken then it could be that the price of bitcoin will go to a price of $25K, because in the last few weeks bitcoin's strongest wall is at $30K so it often makes the price of bitcoin rebound.

Right now things are not looking good, the price is below the 32k level and this is a problem as we are closer to the 30k level than we are of the 40k level, if people fail to defend the 30k level then who knows how low the price will go as people will panic and will begin to sell their coins for a really bad price, but if people really believe in bitcoin they have no other option but to endure this, it is difficult I am not going to lie as I was here when the market crashed in 2017 and it was hard, but it is necessary so we can keep forming part of this market.

The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.

The price went below the 30k level for some time but once again people have defend it, right now there is a great fight among the bears and the bulls, the bears know that if they can break away from that level in a permanent way they are going to force a lot of people to capitulate and they will sell their coins and this will create another panic and a new correction will come, so far we have been able to resist their attacks but next time we may not be that lucky.

[Fatunad]

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.

No one knows how long the market will continue to deteriorate like this, because short-term sentiment seems as if the bitcoin price is already at its lowest level right now, but bitcoin price movements which are still often experiencing price consolidation could of course make the bitcoin price decline again to a lower price, and now a lot of market analysis is saying if the price of bitcoin has not been at its lowest point and the possibility of a strong bitcoin liquidity at $30K is broken then it could be that the price of bitcoin will go to a price of $25K, because in the last few weeks bitcoin's strongest wall is at $30K so it often makes the price of bitcoin rebound.

Right now things are not looking good, the price is below the 32k level and this is a problem as we are closer to the 30k level than we are of the 40k level, if people fail to defend the 30k level then who knows how low the price will go as people will panic and will begin to sell their coins for a really bad price, but if people really believe in bitcoin they have no other option but to endure this, it is difficult I am not going to lie as I was here when the market crashed in 2017 and it was hard, but it is necessary so we can keep forming part of this market.

The current support now is $30k, if that support will give up, then we might see a big fall again dropping from $30k to $20k is such big news and it will certainly create panic. Some investors are just here for the hype, specifically the bull run, but it seems the bull run is over, so they have no interest here but to withdraw their money with loses and come back next bull run which might happen again years from now.

The price went below the 30k level for some time but once again people have defend it, right now there is a great fight among the bears and the bulls, the bears know that if they can break away from that level in a permanent way they are going to force a lot of people to capitulate and they will sell their coins and this will create another panic and a new correction will come, so far we have been able to resist their attacks but next time we may not be that lucky.

There are lots of uncertainty when bitcoins price did really hit down or when it do plays or hover around 29-30k where people had presuming out that the price could go down even more.
It is indeed the support on which bears didnt really succeed on taking it down below but we cant still that sure because anytime it could really drop or maybe just some fake pullback
in price and might showing some last rise before the disaster. Nothing is assured and since there are no news or fundamentals around then its really hard to determine
on where the price could actually go.

[freedomgo]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

[nurilham]

It's true that most of those who know crypto are for long-term investments

How do you know about this? In my opinion, it is difficult to know what most people do with their crypto assets. One person can do both, whether to hold for a long term or short term. Or even, he can do trading as well.

we are happy if all payments can be made in bitcoin but without government acceptance this is difficult to happen

What are you referring to? I think without government acceptance, we still can use Bitcoin for payment purposes. But it probably cannot be applied to all places in the world. In my country, you cannot buy any single goods by using BTC. But I can buy some goods on the internet located outside of my country by using BTC.

[dunfida]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

Current price as of this moment $32,220 its a gradual increase compared a few days ago which does indicate for some rejection? Possibly!

How low bitcoin could possibly hit? No one knows because i do make myself convinced that Bitcoin price doesnt follow any technicals precisely no matter how good it is.

Actually its hard to tell when we are seeing moving sideways in terms into its price.It cant be determined on where it would be heading next.

[Maslate]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

Current price as of this moment $32,220 its a gradual increase compared a few days ago which does indicate for some rejection? Possibly!

How low bitcoin could possibly hit? No one knows because i do make myself convinced that Bitcoin price doesnt follow any technicals precisely no matter how good it is.

Actually its hard to tell when we are seeing moving sideways in terms into its price.It cant be determined on where it would be heading next.

A little bounce back doesn't mean bitcoin will go up or pump, we are still experiencing a bearish sentiment and the bearish market will win despite a little bounce back. I believe bitcoin will not even reach $35k and in the next few days, we will again see bitcoin trading below $30k. It's hard to go against the trend, the trend now is bearish, so just don't bet against it, instead appreciate it by accumulating bitcoins.

[Wawa2013]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

Current price as of this moment $32,220 its a gradual increase compared a few days ago which does indicate for some rejection? Possibly!

How low bitcoin could possibly hit? No one knows because i do make myself convinced that Bitcoin price doesnt follow any technicals precisely no matter how good it is.

Actually its hard to tell when we are seeing moving sideways in terms into its price.It cant be determined on where it would be heading next.

A little bounce back doesn't mean bitcoin will go up or pump, we are still experiencing a bearish sentiment and the bearish market will win despite a little bounce back. I believe bitcoin will not even reach $35k and in the next few days, we will again see bitcoin trading below $30k. It's hard to go against the trend, the trend now is bearish, so just don't bet against it, instead appreciate it by accumulating bitcoins.

Although I'm very happy that Bitcoin managed to rise again to the price of $32k, which previously fell below the $30k price. It is true that this
small increase cannot guarantee Bitcoin will pump, the current increase is still too early to be assessed. Because there is still a possibility that
Bitcoin prices will fall again, we still have to be vigilant and continue to monitor Bitcoin movements. As long as Bitcoin has not managed to rise
above the $40k price, Bitcoin has not returned to a bullish trend.

[usernameyaya]

 I think $27K is the final destination.  Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will  not be less than that.

[rahmatrf331]

 I think $27K is the final destination.  Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will  not be less than that.

That's right, bro, the price of $ 27,000 is a price that has finally fallen and has now reached $ 3 2,562 ( market binance ) at its current condition. lately there are many positive issues circulating, it is possible that bitcoin will be pumped again in the near future.
many assume bitcoin will go down again, but I think bitcoin in this week will not go down and will continue to move slowly. I predict next week bitcoin will be above $ 40,000 and dare to believe.

[Kittygalore]

I think $27K is the final destination.  Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will  not be less than that.

Too early to say that in my opinion, there's still about 6 months or so left in the year and it could go much lower but given that there's more positive news floating around regarding cryptocurrency market this month, I feel like @usernameyaya might be right that it's the final floor for the market prices this year.

[lalabotax]

I think $27K is the final destination.  Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will  not be less than that.

Where do you know the Bitcoin price won't be less than $27k? Do you analyze it yourself or get the information from a Bitcoin expert? I am very curious about the reason you said this. If you are speaking seriously, please give us the proof that it is not a shit statement. I doubt if someone can predict the bottom price of Bitcoin in the future. Even Satoshi probably will have difficulty determining the future price of Bitcoin. It is purely determined by the demands although sometimes there is a manipulation issue.

[freedomgo]

I think $27K is the final destination.  Maybe no one knows how much the price of bitcoin will go down, but 27k USD is the bottom, andthe price will  not be less than that.

Where do you know the Bitcoin price won't be less than $27k? Do you analyze it yourself or get the information from a Bitcoin expert? I am very curious about the reason you said this. If you are speaking seriously, please give us the proof that it is not a shit statement. I doubt if someone can predict the bottom price of Bitcoin in the future. Even Satoshi probably will have difficulty determining the future price of Bitcoin. It is purely determined by the demands although sometimes there is a manipulation issue.

Must be his personal opinion, and even an opinion coming from an expert, we should not believe them especially if they'll guarantee a price as bitcoin is so volatile and it's very unpredictable. You'll see it pump big time today, the next day it will dump, that's how the market moves, I've never seen bitcoin having an uptrend for a long period of time, it's usually short then correction comes right after.

[South Park]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

Is this a typo? Because the price of bitcoin has not gone anywhere those levels for quite sometime, or maybe this happened due a to a flash crash in a particular exchange? Anyway I am content that the price of bitcoin was defended and did not go as low, but the bears are looking for any opening and they are still tying to make the price to go lower, fortunately we are now farther away from the critical 30k level but the bears will not relent so easily and we are bound to see more of the same during the next weeks.

[TimeTeller]

Just recently, we already touch the level of $20k, so it's not impossible that in the next few days we would really dip at that price again. The price has bounced back a bit, but just like the previous movement, it will still go down because we are already in the bearish market.

We touched $29k, probably the lowest this year, so what price could be the next drop?

Is this a typo? Because the price of bitcoin has not gone anywhere those levels for quite sometime, or maybe this happened due a to a flash crash in a particular exchange? Anyway I am content that the price of bitcoin was defended and did not go as low, but the bears are looking for any opening and they are still tying to make the price to go lower, fortunately we are now farther away from the critical 30k level but the bears will not relent so easily and we are bound to see more of the same during the next weeks.

I believe, what he meant is $30k, not the $20k level. Because we haven't touched that yet.
And after a month the OP posted this thread, we are now again going up, touching again the $35k level.
Seems that we will be heading again to $40k, which is actually great.
However, you need to keep your eyes open as one bad news, it may go down again.

[Furious 7]

I believe, what he meant is $30k, not the $20k level. Because we haven't touched that yet.
And after a month the OP posted this thread, we are now again going up, touching again the $35k level.
Seems that we will be heading again to $40k, which is actually great.
However, you need to keep your eyes open as one bad news, it may go down again.

It has now touched $40k in a short time so I think it will be easy to go back to 40k I hope tonight to hit $50k as a safe point.

The pumping will continue I think the bullrun will come again and the market will recover completely so I think it is necessary to observe the market further at what point to take this profit.
And I will not wait for the price to be too high sometimes like to correct the market price again.