Will bitcoin go down below $20,000.

[slaman29]

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?

Patterns do not necessarily repeat, I think, and we've seen it time and again. I do believe in cycles though, but these do not necessarily all happen in the exact same way or method as in the past.

But you're right, I do agree. If we get further declines and no good news, then even the bulls might wait back and let it all ride for a long time. They're patient, and in no rush to get to 100k.

[Oasisman]

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?

Only weak hands will always panic during market crash or bearish run. For someone who has a long term perspective with Bitcoin, it's not something bothersome. In fact, If Bitcoin drops below $20,000 it is a golden opportunity to buy at a lower price again.
We see a lot of complains when Bitcoin was so expensive and now that the market crashed, these same people are so afraid to enter. The same goes for the weak hands.

IMO, there will be no similar pattern on the 2018 bearish market. This year is totally different. It's just normal for a market to come down after the long bullish run.

[hugeblack]

Everything is possible, so news like accepting first Bitcoin ETF, will make the price multiply several times within a short period, and testing levels such as $100,000 will be for certain hours or days, but it will not continuous.
Remember, part of what happened in 2017 was for a short time.
The price could return to the levels of $70,000, but the question is when and whether it will double above that limit or not?

[Yaunfitda]

Everything is possible, so news like accepting first Bitcoin ETF, will make the price multiply several times within a short period, and testing levels such as $100,000 will be for certain hours or days, but it will not continuous.
Remember, part of what happened in 2017 was for a short time.
The price could return to the levels of $70,000, but the question is when and whether it will double above that limit or not?

Yeah, lots of questions are going to pop up, specially about if the price is going to be sustainable to even reach $100k. I'm very positive person, but with the current state of the market movement, it really begs me to question if even we can get to a new all time high at least before the end of the year. There are tons of prediction that 6 digit can be reach, but it will take a lot of time and money to be poured on the market just to be able to reach $50k this year. In 2017, or early 2018 when the price is about to go down, people are shouting that there's no way that the price could go below $10k, but we have seen it happened.

[btc78]

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?

We have been alarmed because Since yesterday the price of Bitcoin falls lower than 20,000 again and yeah this is another alarming situation as we are trying to keep the value above that.
But if we will look at the market now https://coinmarketcap.com/ Looks like a Little recovery is taking place as Bitcoin price now increased to almost 32,000 again and it may climbed back to 35,000 level in which what we are having for the last 2 months.

[Coin_trader]

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?

We have been alarmed because Since yesterday the price of Bitcoin falls lower than 20,000 again and yeah this is another alarming situation as we are trying to keep the value above that.
But if we will look at the market now https://coinmarketcap.com/ Looks like a Little recovery is taking place as Bitcoin price now increased to almost 32,000 again and it may climbed back to 35,000 level in which what we are having for the last 2 months.

Bitcoin need break 32K level to break this current bearish market but my concern is the FUD cause by unlocking GBTC funds of Grayscale which will happened next week and the current price direction is not doing well before the real FUD impact on the crypto market. Much better to wait for the market trend direction after Grayscale unlock funds and avoid any high leverage position at this moment. Maybe we will see again 35K to 38k but after that is a disaster if ever the price didn't broke the 40K barrier for the last time.

[traderethereum]

Hopefully, with the price is back to $31k, it will be a good sign for bitcoin to increase and break the next high price.
Who knows, this week, the price can break by $32k, especially if there is good news coming to the market that can lift the price to rise higher.
But still, the last dump yesterday makes some traders panic and sell their bitcoin and buy back at a low price.
So congratulations to people who bought bitcoin at a low price yesterday because they now can sell their bitcoin and make a profit in the short term.
They can hold it and wait for more if they want, especially bitcoin price will increase so high in the future.

[snipie]

1 day bitcoin price dropped under $30k and everyone lost his mind and start panicking? I mentioned before in another topic that the price will bounce back to +$30k before the end of the week because simply it isn't profitable for miners, investors and many many people buying over $40-50k. Consolidation in the other side got enough time and the price might rise again at any moment, expect it to be by mid-August.

[BrewMaster]

some prices are just gone for good and they will never repeat again. anything below $30k at this point is among those prices that we have said goodbye to so we will never see them again. in a month from now $3x,xxx is also going to join these numbers and people like OP will wish for it again.

[Sir Legend]

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?

Seeing a lot of negative news about bitcoin and crypto scam cases then I'm sure the bitcoin price will continue to fall and will be below $20k, but I'm sure the bitcoin price will skyrocket again in 2022, so we take advantage of the bitcoin drop moment to get big profits to come .

[Core.i7]

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?

This time will be different because despite being bearish, the on-chain analysis are still bullish. Bitcoin will not go to as low as 20,000$. We can expect 50,000$ before it reaches 20K.

[$crypto$]

Yeah, lots of questions are going to pop up, specially about if the price is going to be sustainable to even reach $100k. I'm very positive person, but with the current state of the market movement, it really begs me to question if even we can get to a new all time high at least before the end of the year. There are tons of prediction that 6 digit can be reach, but it will take a lot of time and money to be poured on the market just to be able to reach $50k this year. In 2017, or early 2018 when the price is about to go down, people are shouting that there's no way that the price could go below $10k, but we have seen it happened.

I dont doubt the possibility of 100k this, it took only 2 months for the price to double this year, just 4 month to climb from 5k to 19k in 2017. Any thing is possible in the bullish market, If it touches 100k then it will go beyond, maybe 120-150k or beyond before the dump but who knows when? Some might likely make more profit this time than the previous, it all depend on position and strategies.

It's bound to happen but I don't know when is it just severe speculation experts say it will be this year soon? this scale is still going against the market even i don't see any surprising signs for the bulls to return, but i know bitcoin will definitely continue to reach highs on a large scale but it all takes the right time and the moment when we are ready with a lot of money in the market.

For me it will feel different between 2017/18 even this year the dumps won't hit the bottom before but they will be strong with enough demand too.

[geegaw]

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?

Seeing a lot of negative news about bitcoin and crypto scam cases then I'm sure the bitcoin price will continue to fall and will be below $20k, but I'm sure the bitcoin price will skyrocket again in 2022, so we take advantage of the bitcoin drop moment to get big profits to come .

You only know the crypto world has its negatives but you don't know that the balance will create the positive and with the recent bad news of bitcoin, it will soon be offset by other good news to help bitcoin maintain its current value. In addition, an old trick to lower the value of bitcoin is an annual story but our investors have consulted everything about history and opportunity, capitalization is also spread, see no more opportunity to go down 20k$ again unless there is another historical event

[Fredomago]

Hopefully, with the price is back to $31k, it will be a good sign for bitcoin to increase and break the next high price.
Who knows, this week, the price can break by $32k, especially if there is good news coming to the market that can lift the price to rise higher.
But still, the last dump yesterday makes some traders panic and sell their bitcoin and buy back at a low price.
So congratulations to people who bought bitcoin at a low price yesterday because they now can sell their bitcoin and make a profit in the short term.
They can hold it and wait for more if they want, especially bitcoin price will increase so high in the future.

Good for those who manage to cut their loses and buy back during the dip, they are now gaining some positive from their investments.

Tough call though as we understand that the market is so volatile and if you are not careful enough that wild dumping scenes may affect you and let you lose your money.

With people around that keeps panicking with the situations, it's always best to trust your judgements and keep working to enhance for more.

[Gozie51]

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

It will depend on the range you are talking about. At the moment it could be said that what happened in 2017/2018 has already happened or that, it is the scene we are watching already. In 2018, the price went from $20,000 to $4,000 and currently it has come down from $64k to around $30k, you can see the difference and that it has already happened. It also affecting the price of altcoins just like it deed in same circumstances.

[bryant.coleman]

It will depend on the range you are talking about. At the moment it could be said that what happened in 2017/2018 has already happened or that, it is the scene we are watching already. In 2018, the price went from $20,000 to $4,000 and currently it has come down from $64k to around $30k, you can see the difference and that it has already happened. It also affecting the price of altcoins just like it deed in same circumstances.

It is too early to make that comparison, because the prices haven't bottomed out yet. Going by what we had in 2018 (and before that in 2014/15), it is very much possible that the prices can go down by 80% or more. That would mean the prices crashing to $10,000-$12,000 and staying there for a few months. But personally I believe that such a scenario doesn't have a great deal of probability, because from what I heard, institutions are already making their plans to make large purchases if the prices go down to 20K-25K range.

[bL4nkcode]

I only think it will fall into that price range if saylor's company (microstrategy) sells their bitcoin holdings which is not yet happening in the near future (they might be but not this year), and some fud's contribution.
While almost crypto price backs it feats now, going back to $32k isn't bad at all.

[Saidasun]

Bitcoin is about to go back up to around 35k maybe a little more from the discussions that elon musk has been having and his refreshing turn around on the importance of Bitcoin.

[ene1980]

Bitcoin is about to go back up to around 35k maybe a little more from the discussions that elon musk has been having and his refreshing turn around on the importance of Bitcoin.

It is time everyone should ignore Elon Fucking Musk as he might have planned everything through before making these decisions, he pumped the market invested billions booked the profit and started trolling the market and dumped the market and now he is sugar coating about the market and i bet he might have invested multiple billions this time knowing he could book another huge profit in no time, sadly the market is following his trail.

[Renampun]

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?

since a lot of big companies are using Bitcoin then I'm not sure the price of BTC will fall below $ 20k...

24 hours ago the price of Bitcoin was below $30k but now the price is above $30k, the price of Bitcoin will always be volatile but positive news continues to emerge and hopefully, the discussion that Jack Dorsey and Elon Musk did today will make the Bitcoin price move positive.