How low will Bitcoin go?

[Semar Mesem]

I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring.    I've missed the bull market already now.

Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.

[freedomgo]

I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring.    I've missed the bull market already now.

Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.

It might reach above $40k again, but it's still crucial if it can break that price. Seeing a big pump today is just amazing, after the struggle of bitcoin, here we are again seeing a bullish market, already at 14% increase now (24h) and bitcoin is trading at $39k. Let's watch closely and make the decision now whether we ride or take this as just a bull trap only.

[lalabotax]

Must be his personal opinion

I also think the same as you. That's why I am curious about his statement. For me, he is too confident and acts like he knows anything. I am okay with his personal opinion, no effect at all on me. But I am afraid that any newbies believe it and probably follow it.

even an opinion coming from an expert, we should not believe them especially if they'll guarantee

Yep, there are too many people that claimed them as experts but always predict with non-sense reasons for their predictions. or they just use the predictions to attract newbies. I have many times found that many social media channels claiming they are professional crypto signals, but they are spreading FUDs and Hype only.

[Vaskiy]

I think that the lowest value that Bitcoin will fall to is $25k in this bear market. We should be prepared for the price to go down under $30k very soon. It's imminent. And this time I'm expecting this fall to reach even a lower level than $29k. And I must admit that the bear market is always really boring.    I've missed the bull market already now.

Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.

Already it has proven it to be the trusted investment of all time through its growth. There often happens unexpected growth. What we have been experiencing by now too is the same. The price was closed around $30000, and today it is nearing $39k. This growth won't happen anywhere else, other than the cryptocurrency. This itself enough to assure bitcoin is good investment, but low value to be touched now isn't gonna happen.

[Naficopa]

Must be his personal opinion

I also think the same as you. That's why I am curious about his statement. For me, he is too confident and acts like he knows anything. I am okay with his personal opinion, no effect at all on me. But I am afraid that any newbies believe it and probably follow it.

even an opinion coming from an expert, we should not believe them especially if they'll guarantee

Yep, there are too many people that claimed them as experts but always predict with non-sense reasons for their predictions. or they just use the predictions to attract newbies. I have many times found that many social media channels claiming they are professional crypto signals, but they are spreading FUDs and Hype only.

After all, speculation is about someone having their own opinion. It is from our opinions that the picture of the entire cryptocurrency market is formed. Just by reading your statements, I can judge whether the moods in the market are negative or positive.

[STT]

Looks like the price of $ 25k will not be reached again, now the price of bitcoin is around $ 38k and I'm sure before august the price of bitcoin can reach at least $ 42k, this further proves that bitcoin is the most profitable investment.

Now you've said that, you have reaffirmed my determination we can still make 20k.     But seriously if price upwards like this garners interest and enthusiasm but fails to capture the positive action meeting old resistance and determined sellers for any reason it can later lead to greater negatives and I'm waiting to see if that scenario occurs or not still.
   The latest news I've heard is Amazon deny any usage of BTC will be occurring.   I dont think that it cant become true in time but its no surprise that Amazon does not want to confirm some project that was only ever meant to be internal, of course companies will explore all kinds of avenues and product innovations that never actually release to the public so I'm not sure we do see BTC on Amazon this year or even next.   This gives us plenty of time to resume negatively, not that I rate the news as the sole driver of price but those events would match what I think is possible now and hence the bottom pricing is not yet certain imo.

[LUCKMCFLY]

For now the market has given a spectacular bullish rally, many are hoping it could go to $ 40k. But you have to wait, do not rush, for now the market is responding very well:

If bulls arrest the subsequent decline above $36,670, the pair could trade in the upper half of the large trading range between $30,000 to $42,451.67. A break above $42,451.67 will signal the possible start of a new uptrend.

Source: https://cointelegraph.com/news/price-analysis-7-26-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

These movements are giving us important information, as you can see that the bulls are taking the ground they had lost, the bears this time are beginning to hide, it is likely that the supply is decreasing.

[YOSHIE]

If you're talking about the 'opinion' of every individual in this thread, beyond the predictions mentioned on google or youtube about Bitcoin's rock-bottom drop, it makes everyone's mind.

For me:
For 2021, Bitcoin's lowest price is around $30,000, I don't think this year it's below $25,000, the chances of going up to $40,000 are very strong, my personal assessment one or two years from now Bitcoin will stand at $ 10,000 possibly even lower, the lowest price.

Next year from the price of $ 10,000 will crawl back and continue to rise through to the level of $ 100,000, it's all based on my thoughts.

Of course, as I said everyone has their own opinion in this matter...

[Abiky]

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.

$30k may be the bottom, as there are many bulls buying coins like crazy. Thanks to Elon Musk's praise towards crypto/Blockchain tech, crypto assets like Bitcoin and Dogecoin have experience a huge increase in demand. I'd be surprised if Bitcoin sinks deeper until it becomes worth $20k per coin. That would be the best opportunity to buy Bitcoin at a discount before it goes all the way to $60k. After that, Bitcoin will be on a road towards new ATHs probably reaching $100k within 2-3 years from now.

Exactly how low will Bitcoin go is a mystery. It's important to always secure profits whenever possible just in case everything goes down the drain. As long as there's institutional demand for Bitcoin, it'll only go higher in price as years go by. Just my opinion

[$crypto$]

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.

$30k may be the bottom, as there are many bulls buying coins like crazy. Thanks to Elon Musk's praise towards crypto/Blockchain tech, crypto assets like Bitcoin and Dogecoin have experience a huge increase in demand. I'd be surprised if Bitcoin sinks deeper until it becomes worth $20k per coin. That would be the best opportunity to buy Bitcoin at a discount before it goes all the way to $60k. After that, Bitcoin will be on a road towards new ATHs probably reaching $100k within 2-3 years from now.

Exactly how low will Bitcoin go is a mystery. It's important to always secure profits whenever possible just in case everything goes down the drain. As long as there's institutional demand for Bitcoin, it'll only go higher in price as years go by. Just my opinion

Since this was yesterday's conversation Elon Musk and Jack Dorsey there may have been some increased demand so bitcoin is now at $40k, a price below $30k might be support again and some investors believe it is already a low price, and don't think about whether this $20k will the price be lower than expected to buy a lot? Everything is still in good condition, and there are still many requests from institutions that cause the entire market to increase, well there is also a connection because for this person still holding crypto in his wallet and believing in crypto technology.

[Sir Legend]

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.

No one knows if bitcoin can get past the highs or will drop again, now the price is around $39k, and i'm optimistic this is a good opportunity to keep holding, investors must have the courage to take risks, and hold is the best we can do because seeing market situation.

[STT]

This might be the end of the low in medium term many think there will be no further low this year I'm undecided as I'd say a flush out rapid bottom then reversal is more reliable as a show of negative price action ending.
  However it can dip in the next days or week I think is the opinion of some traders I've seen and there is some downtrend to meet and beat here; this is coming down from the selling right at the top and is to be expected sooner or later in standard profit taking by traders.




This is a messy chart but I didnt really want to draw it too tightly as its an only an approximate scenario I redrew recently.    The blue line is just 2 day average matching our fast momentum, there is no pattern of lower highs to match that downtrend we seem to have exceeded it but from experience it can pull us back down I think.

[n0ne]

This year there is very less chance of price dropping low than $30k. I have a personal opinion about the low bottom price of bitcoin. During the previous bull market the price took a forward move from the $5000 range. Once after reaching ath it dropped low to $5000 range. Same as that now we've seen the price of bitcoin reach $65k from the price around $20k. With this coincidence I believe the price to reach bottom $20k by the falling year.

[Fatunad]

This year there is very less chance of price dropping low than $30k. I have a personal opinion about the low bottom price of bitcoin. During the previous bull market the price took a forward move from the $5000 range. Once after reaching ath it dropped low to $5000 range. Same as that now we've seen the price of bitcoin reach $65k from the price around $20k. With this coincidence I believe the price to reach bottom $20k by the falling year.

Not that really mindful about patterns or similar things because every movement would really be totally in random therefore following some patterns is a bit off  and wont really be that reliable.
Increments on that ranges are bit random but we could really have our own personal observations and would really be making out significant step or action basing on what we had noticed
or experienced butt one things for sure that nothing is assured even though we havent seen that bitcoin hadnt able to break that 30k support and instead making out some
recovery or reversal but we dont know if its just a fake one or not.

[Clavulanic]

We already witnessed how bitcoin tried to go towards the dip, and yet there's no significant issues correlate with bear market. Every attempt provides a lot of opportunity to interested traders and investors. So right now, we must keep an eye on the market because resistance of the bear stated to weakened these days. The price broke at $40k the last time I seen the pump, and definitely we need to wait for further updates which targets $45k to $50k during recovery period.

[Luqman]

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?

It is a difficult thing to know, even no expert can predict it at a certain price. We don't know whether the Bitcoin price can drop again below $20k or it will go up again above $60k. The Bitcoin price is purely unpredictable, to discuss the possibility of $20k for Bitcoin price is just wasting time. I suggest we are better focused on the current situation in Bitcoin price. Since it is increasing, there will be a chance for Bitcoin price to grow up. Now, it is a good time to buy, the bullish may come back again and the Bitcoin price can continue to increase significantly.

[Ziskinberg]

We already witnessed how bitcoin tried to go towards the dip, and yet there's no significant issues correlate with bear market. Every attempt provides a lot of opportunity to interested traders and investors. So right now, we must keep an eye on the market because resistance of the bear stated to weakened these days. The price broke at $40k the last time I seen the pump, and definitely we need to wait for further updates which targets $45k to $50k during recovery period.

We all hoping for the big rally this year but we probably saw the situation of the market these days, it dumps and recovers, it happens repeatedly. What we have heard and seen around has a hugely significant effect on the market trend and we often seeing this one a long time ago but asking "How low will Bitcoin go"? that actually be hard to answer. Lately, we reach $40k, but it was just a short stay, we are now back at $39k.

[asrinur]

I think the downward trend in Bitcoin price is not over yet. In the short term, the price of bitcoin still has the potential to fall around 20-40% from its current position before it will reverse higher.
Therefore, for now you can make short-term trades, you can sell because the price will still be corrected, then you can wait until the bitcoin price drops to re-enter.

[Questat]

I think the downward trend in Bitcoin price is not over yet. In the short term, the price of bitcoin still has the potential to fall around 20-40% from its current position before it will reverse higher.

Everything will become possible in crypto but I don't certainly think that Bitcoin will ever dump below $10k again. $10k-$20k might be the possible bear price for Bitcoin, which will be 50-60% versus the current price today. Honestly, I'd never seen a huge dump come to happen when there is no panic selling has been made. Most of us are now learning from the past, now the majority are able to manage their emotions and keep calm unlike the previous years.

Therefore, for now you can make short-term trades, you can sell because the price will still be corrected, then you can wait until the bitcoin price drops to re-enter.

Either a short-term or long-term trades, we still have to think wisely and never go along with the negative insights as this was the reason why many become a victim of fake news and FOMO.

[DU18]

I think the downward trend in Bitcoin price is not over yet. In the short term, the price of bitcoin still has the potential to fall around 20-40% from its current position before it will reverse higher.
Therefore, for now you can make short-term trades, you can sell because the price will still be corrected, then you can wait until the bitcoin price drops to re-enter.

right, the current bitcoin price movement is still in a very difficult condition to predict, although in the last few days the bitcoin price has increased but it seems that the increase has not been able to strengthen the bitcoin price in the market, so the possibility of a price correction will still occur, even so in my opinion now the market still needs correction so that later the price can consolidate at the lows before moving higher, and hopefully in the future we can see bitcoin price return to a positive path and be able to break the resistance at $40K