Will bitcoin go down below $20,000.

[Botnake]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

[Upgrade00]

I personally was not expecting the market to dip this quickly or for this to be the end of the bull cycle, but the market is very unpredictable and cycle could change at any point in time.
Those investors who have experienced bear cycles in the past would be prepared should the market be heading towards there now, lower prices causes panic, but also presents an opportunity to buy more at cheaper prices, the best strategy would be not to view Bitcoin as an investment at all, but rather as a currency which gives freedom to it's holders; viewing Bitcoin from its qualities takes the attention off its price.

[Quidat]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

Currently price as of this time of writing $29,670 which i can say that we did have a break out on 30k point or support but the gap or level of decrease didnt really penetrate much but rather hovers around
and this time it did really make out some idle state where movement isnt really that much which its really hard to determine whether we do make a move or wait a little bit more
before making any move or trying to buy in but it isnt really bad to consider on taking up a risk on buying with this cheap price. Asking about possible 20k price again?
Nothing is impossible into this market even though it do looks good but it could go worst in a snap.

[Baofeng]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

It's hard to predict whether we are already in the bearish cycle or not. Personally, I'm expecting the market to rebound before the end of the year, so chances are we might.

However, if we don't then obviously, we can go down below $20k. We are something in the $20k'ish now, the support on $30k was broken already. And we all know that if a big support is broken, the price will continue to go down until we find a new support level. But still, I'm optimistic that we can go over $30k again in the next 4 hours. The Asian market is open, so expect something of a +$300 jump at least.

[Clavulanic]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

Let's observe the recent market situation, we can't really see how this scenario will continue to exist because there might be similar occurrence but recent market falls in another opportunity for those who still desires to buy bitcoin. Below $30k already happened lastly, so if others worry about it as well as altcoins of course the weak now is the loser. Our emotions is what we're battling now, keep calm and hodle your coins until such time market recovery will come.

[Kelvinid]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

I can remember there were times we drop at $28k but it recovers shortly and rallies back at $36k again. I think of the same scenario might we are able to see again. I couldn't see a huge selling demand (for now) that will cause a huge dump later but of course, we can't hold investors and traders to do it, somewhat as weak hands can't hold anymore but started to get panic.

Well, it is a need for us to prepare and take this opportunity to buy more but I don't think we make a huge drop below $20k.

[GreatArkansas]

$20,000 is very possible. Take note that we are still -51% from all-time-high. Correct me if I am wrong, the last peak around 2017-2018, after we touched around $19,000 we manage to drop below $4,000 before reaching the recent all-time-high which is around $60,000.
And the last dropped was around -70% I think? So, for me, $20,000 is still possible for if we are basing the previous bear market.

[tippytoes]

$20,000 is very possible. Take note that we are still -51% from all-time-high. Correct me if I am wrong, the last peak around 2017-2018, after we touched around $19,000 we manage to drop below $4,000 before reaching the recent all-time-high which is around $60,000.
And the last dropped was around -70% I think? So, for me, $20,000 is still possible for if we are basing the previous bear market.

That is, if we are referencing from previous market movement. However, we need to account also about the exposure of bitcoin or crypto in today's market. More institutions, organizations or individuals are into bitcoin today, even some countries are making a good move towards bitcoin like El Salvador. But of course, $20k level is always possible to happen. We should not be too lenient in this market and everyone should be alert especially if you are heavily invested in this market.

[Desmong]

This is the time to sell your coins if you really want to follow the market trend, cause I believe the market is going to fall than this and those who are still holding can sell now to buy later when price rise reach the dip of the market. I will not advise anyone to buy now looking at the market from higher time frame, you will see that the price of Bitcoin is still going to fall more than what we have seen. It's better to flow along the trend and trade according to the market signal rather than speculating wrongly and later have to wait for several weeks/months before the market favour our trade or investment.

[nurilham]

Will we see the same scenario in 2018 or it will be different this time?

I don't think so. The current bullrun isn't really the same as in the previous bullrun. So, I think the scenario should be a bit different with bullrun in 2017. Although there is much speculation that BTC will drop to $20k, I believe it won't happen in the near future. I am not an expert in predicting BTC price, not a specialist in reading charts, but I am confident that BTC can increase again.

[Lanatsa]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

Not that really fan on going or comparing the past but this is really different compared on that one because when it comes to level of adoption then we can tell that it is really different compared into those years.

The market is just really unpredictable and you wouldn't know on what comes next and also be mindful that what comes up would also go down and its an inevitable thing.

You should concerned or be minding of on how you would make out some possible entries when prices is already becoming cheaper for you to take advantage.

[hosseinimr93]

$20,000 is very possible. Take note that we are still -51% from all-time-high. Correct me if I am wrong, the last peak around 2017-2018, after we touched around $19,000 we manage to drop below $4,000 before reaching the recent all-time-high which is around $60,000.

Everything is possible. Even 10,000 dollar is possible. But I don't think we will go much lower than the current price.

In the 2017 bull run, we reached 19,600 dollar and after that the price dropped to 3,400 dollar in about a year. That was 83% decrease. If a same thing happens again, the price should decrease to 11,000 dollar.
I don't expect such a drop this time, because there's a big difference between that correction and current price drop.

That 83% drop happened after a 9700% increase (from 200 dollar on January 17, 2015 to 19,600 dollar on December 16, 2017)
This time the price increased by only 1800% (from 3,400 dollar on December 7, 2018 to 64,800 dollar on April 14, 2021)

There's also the probablity that the 2021 bull run hasn't started yet.
Both 20,000 and 200,000 are possible.

[ethereumhunter]

Bitcoin is down below $30k now. I doubt that the bitcoin price will go down below $20k because that can make a mass panic among the people and the investors. Most people will not be ready if the price drops too significantly without stop and they will sell their bitcoin at a loss without thinking about investing in bitcoin again. Hopefully, the bitcoin price will not go down below $27k-$28k but if that is a break, the price can be somewhere at $23k-$25k and hopefully, that is the lowest price for bitcoin this year.

[proudhon]

Will bitcoin go down below $20,000.

100%, absolutely, guaranteed.

[Beparanf]

Will bitcoin go down below $20,000.

100%, absolutely, guaranteed.

Saying "Guaranteed" means you have proof that it really happened. It obvious that we are already on bearish season but there's a lot of strong support before we reach that 20,000$ price level. Knowing there's already big player who plays in crypto market, They might eat up all sell orders once the price reach deeper than the current price. Institution whales is very smart on manipulation, it will backfire to there current holdings once they let the price dip more than the price they accumulate. 20,000$ is accumulation price of institution investor.

[cabron]

Will bitcoin go down below $20,000.

100%, absolutely, guaranteed.

Saying "Guaranteed" means you have proof that it really happened. It obvious that we are already on bearish season but there's a lot of strong support before we reach that 20,000$ price level. Knowing there's already big player who plays in crypto market, They might eat up all sell orders once the price reach deeper than the current price. Institution whales is very smart on manipulation, it will backfire to there current holdings once they let the price dip more than the price they accumulate. 20,000$ is accumulation price of institution investor.

There is a big support below $30K but because the worse isn't over yet, there's still the possibility of going that direction. But just I reckon those big companies who bought at above $30k price will still sell to buy back against at $20K so that's a big profit for them once the price goes up and for this to happen, there will be more bad news coming.

When at $20K the big companies will probably eat all BTC up, I've read an article on cointele that Rothschild & Co are interested to join. A company this big can buy all the existing coins.

[Fundamentals Of]

Definitely not the same scenario. We are already in a bear market at $30,000. We used to have the same bear market at $10,000. Bitcoin's price is still growing despite all the countless bear markets, dumps, crashes, and deaths. In case of doubt, just zoom out and you will see that all these panic talks, sell offs, and losses are actually just tiny price fluctuations in Bitcoin's overall picture.

If we are approaching another long bear months, I am ready and willing to go through it once more.

[irsada]

I hope it won't be repeated like 2018 was a bear market for so long. we are still above ATH 2017.
if in the near future it can touch $20k maybe investors who are just entering the market will panic but I'm sure there are some whales who will take advantage of the momentum to buy more. I hope that scenario doesn't happen.

[CryptoYar]

Yesterday we saw a decline in the price of bitcoin and also lost the support level of $30400. But now we're again at $30,600 and that's a positive thing. Right now if bitcoin doesn't break the resistance of $32,200 and dont confirms it as support then maybe we could go below $30k again.

Will we see the same scenario in 2018 or it will be different this time?

I think it's different from 2018 and soon bitcoin will cross its all-time high. I mean it's just a temporary price dump.

[davis196]

Looks like what happened in 2018 is happening again this year, if it's the same scenario then we can expect a long bear run for the market. Bitcoin dropping below $30k creates panic, altcoins are dumping as well so what can we expect that bitcoin has already fallen below $30k now?

Will we see the same scenario in 2018 or it will be different this time?

Yep,pretty much the same scenario,except the Bitcoin price is 5 times bigger than the 2018 BTC price.
There's no reason for panic and despair.The summer is usually a bearish season.Everything will be alright by the winter.
The simple fact,that altcoins are following the Bitcoin price again proves how useless they are.
The cryptocurrency market is just BITCOIN and hundreds of useless additions/extensions to Bitcoin,called altcoins.