Will bitcoin go down below $20,000.

[LUCKMCFLY]

Bitcoin has had a rebound, because all these days they have been giving bearish attacks but they have recovered, the bulls are having a very good reaction, especially when the price was below $ 30k, now many say that the price has recovered. price but still showing signs of weakness:

if bulls drive the price above the 20-day EMA, the pair could challenge the 50-day simple moving average ($34,599). A break above this resistance will be the first sign of strength and open the doors for a possible rally to $36,670.

Source: https://cointelegraph.com/news/price-analysis-7-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many say that if the downward movement occurs completely it could reach $ 20k, I do not think it will go down from there any more, the BTC bulls are not painted on the wall, I think that it will not even be able to reach $ 25k but will rise more .

[Saidasun]

Bitcoin has had a rebound, because all these days they have been giving bearish attacks but they have recovered, the bulls are having a very good reaction, especially when the price was below $ 30k, now many say that the price has recovered. price but still showing signs of weakness:

if bulls drive the price above the 20-day EMA, the pair could challenge the 50-day simple moving average ($34,599). A break above this resistance will be the first sign of strength and open the doors for a possible rally to $36,670.

Source: https://cointelegraph.com/news/price-analysis-7-21-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-ltc

Many say that if the downward movement occurs completely it could reach $ 20k, I do not think it will go down from there any more, the BTC bulls are not painted on the wall, I think that it will not even be able to reach $ 25k but will rise more .

Its not going to 20k this year if it goes to 20k I can see it going to 10k because it would cause panic selling which would destroy all the progress we have made in the last couple of months with exposure from celebrities promoting Bitcoin. There is more of a chance that Bitcoin hits above 35k in the next couple of months than it goes down to 20k

[magneto]

Personally expect a similar scenario to unfold.

Fact of the matter is that the investor sentiment across the market right now is incredibly bearish and unless there is some sort of catalyst to really overturn that (e.g. positive government regulation). Musk & Wood's conference did not really deliver the bullishness that I think a lot of people expected, which just reaffirms where we are now in the market cycle.

We are momentarily above $30k for now but that is not likely to hold itself for long imo. $20k is definitely possible.

[nurilham]

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.

Since he didn't say a certain time for $20k, I think it is no problem at all. Bitcoin price is possible to drop below $20k, but we don't know when. Except if Bitcoin price really hits $100k this year, then I am sure Bitcoin price to survive above $20k in the bearish season. However, this all is only a prediction and we don't know what really happens in Bitcoin price in the next few months.

[Ararbermas]

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?

below $20k? How is that possible that it can even break the current support which is 30k. And for me in my personal opinion. as what i noticed everyday in bitcoin, probably its impossible to go down more because everytime when it fluctuate it keep making small progress and at this moment it's happening again. Wherein i believe it will go below 20k only unless there's another negative news that can make a huge impact in the market . But without such things especially on this situation perhaps it's impossible. And lastly don't make comparison and stop insisting that the history itself will gonna happen again because right now its different mate..

[Hippocrypto]

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 don't think so 2018 scenario happened again, we may seem to see price goes down $30k but eventually recovered back toward $31k lately. Based on every positive discussion on the group where I belong on social media, price will drop at third time before $100k will soon commence. There's no specific date but, what happened lately was the 3rd drop so let's wait for that predictions to exist sooner this year 2021.

[arwin100]

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 don't think so 2018 scenario happened again, we may seem to see price goes down $30k but eventually recovered back toward $31k lately. Based on every positive discussion on the group where I belong on social media, price will drop at third time before $100k will soon commence. There's no specific date but, what happened lately was the 3rd drop so let's wait for that predictions to exist sooner this year 2021.

The level of adoption is so huge this days compare to year 2018 so we shouldn't expect that we can see the same scenario at that year. Provably if bitcoin will go under 29k for sure it will be a shopping spree for whales since they see the potential is so huge and this can get more adoption to other country maybe this year or in 2022 Upwards. $100k target will be achievable soon so its good to be prepared when that time happen.

[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.

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.

Actually just Broke that 32k earlier today https://coinmarketcap.com/currencies/bitcoin/ But drops again multiple times every hour at least .
If this will maintain that Level then we had already surpassed the bear market now.
There are some force that really wanted to bring the price to below 20,000$ so they can Bag more of the coins and then they will pump up to 40k , This has been given for long years now that those who spreads FUD are the people involving in buying more when the dumping succeed.
Hope that People now specially those small investors will find Strength and power to not let those manipulator wins again, They had been dominated this market for many years now, i think this time
we must show our power as small investors that having 1 stand and that is keeping HOLDING no matter what dumping they are planning.

[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.

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.

Hopefully, this increase does not make them greedy and want to get bigger profit because we do not know if the price can still increase.
We need to be ready for anything that can happen to bitcoin, including if the price suddenly goes down to $30k.
Maybe it is better to cash out our profit first before the price is down because it seems the price does not increase to the higher price but is back to the $31k price.
The dump for the price can happen anytime, so you need to analyze what can happen and do not forget to make a strategy for the next things.

[Sithara007]

The level of adoption is so huge this days compare to year 2018 so we shouldn't expect that we can see the same scenario at that year. Provably if bitcoin will go under 29k for sure it will be a shopping spree for whales since they see the potential is so huge and this can get more adoption to other country maybe this year or in 2022 Upwards. $100k target will be achievable soon so its good to be prepared when that time happen.

The support levels are quite strong at 29-30K. Look at what happened when Bitcoin dipped below the 30K mark. There was a buying spree and the prices soon recovered to $32,000. It looks like a number of whales and institutions are waiting for even lower prices, to accumulate BTC. If the prices start recovering (say to $40,000), then these guys will realize that their low targets are no longer possible. They will either purchase at higher prices, or may shelve their plans to buy Bitcoin. Anyway, the market conditions looks very conductive for Bitcoin.

[rahmatrf331]

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?

below $20k? How is that possible that it can even break the current support which is 30k. And for me in my personal opinion. as what i noticed everyday in bitcoin, probably its impossible to go down more because everytime when it fluctuate it keep making small progress and at this moment it's happening again. Wherein i believe it will go below 20k only unless there's another negative news that can make a huge impact in the market . But without such things especially on this situation perhaps it's impossible. And lastly don't make comparison and stop insisting that the history itself will gonna happen again because right now its different mate..

bitcoin will last between $30,000 - $34,000. maybe in one week bitcoin will break through $ 40,000 again. do you still expect bitcoin to drop at $20,000 ?
bitcoin has been burnt enough by a large number of constitutional investors, I don't think bitcoin can go down again at $20,000.

[slaman29]

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.

Not sure this would have any real bad effect. Some other super CEO yesterday already said his big company (sorry, I hate to bring him up but it was plastered all over the news) has significant Bitcoin holdings and all that seemed to do was put BTC up a few percentages.

So agree, 32k isn't bad at all but maybe all these big holdings aren't as effective as we think.

[Kittygalore]

God I hope that it does go down below 20k because I really want to buy a lot of it because I have a big payput incoming and I don't want that money to stagnate.

[rodskee]

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?

wrong , Not because we have fallen yesterday meaning that will continue dropping today , Now with 7% growth overnight?
maybe this is the start that we are all waiting , if the barricade at 35k broken then the start is ON and the train will run back again.

God I hope that it does go down below 20k because I really want to buy a lot of it because I have a big payput incoming and I don't want that money to stagnate.

While we have the same prayer mate, yet i want to climb back first at atleast 40-50k before Dumping to below 20k .if that happens i will be gladly hold all my coins even till the next halving comes.

[bitterguy28]

I never thought that this will ever happen again . Imagine from 64k ? that is an obvious super dump if happens.
The lowest this will take is about 25k and then stays at 30k level.

[BigBos]

I never thought that this will ever happen again . Imagine from 64k ? that is an obvious super dump if happens.
The lowest this will take is about 25k and then stays at 30k level.

actually, I thought that the bitcoin price would hit $100k at the moment and never thought that the bitcoin price would drop near the $20k price. however, right now, the bitcoin price is so close to that price. well, now I see a big possibility that the bitcoin price could drop to that price. well, my only hope right now is to see the bitcoin price rise past $50k in the next month.

[ultrloa]

I never thought that this will ever happen again . Imagine from 64k ? that is an obvious super dump if happens.
The lowest this will take is about 25k and then stays at 30k level.

actually, I thought that the bitcoin price would hit $100k at the moment and never thought that the bitcoin price would drop near the $20k price. however, right now, the bitcoin price is so close to that price. well, now I see a big possibility that the bitcoin price could drop to that price. well, my only hope right now is to see the bitcoin price rise past $50k in the next month.

There's no continuous pump will happen and there's always dump after huge pump came so expect that there's a dump after bitcoin breals another ATH milestone but soon those target we predicted will provably reached since each year bitcoin brings good price upwards, if we cannot see it this year or maybe in next I believe we can see a snapshot of that price in next halving.

[ziyaaa]

I think that such thing won't happen. I never expected the price to fall that much. I thought that maybe it could come closer to $25k but it didn't even happen too. From now on, I don't think that we'll see a big dump. It's time to start recovering slowly.

[osasshem]

It is not on the wrong view if we are looking at the price of Bitcoin going deep so fast, and not yet showing any signs of reversal, and the expectation of the deep to be related to that of 2018, which was a very long deep for we all. But it is a new thing that the investors now where not as much as before, and the adoption of it now is much more than before. I am on the view that the cycle of this down trend could change at anytime and set target for new highs. This could be a move for new investors to come in to buy at these lows before the next big thing. Truly, this deep has really affected the altcoins in the market, but when the next bull run takes its start, the greens will show up again.

[kawetsriyanto]

I think that such thing won't happen. I never expected the price to fall that much. I thought that maybe it could come closer to $25k but it didn't even happen too.

Me, too. But it is not impossible. Bitcoin price can drop significantly in the next bearish season, no one can guess how much. In my humble opinion, if there is no new ATH for BTC price in the upcoming months, it is very possible for Bitcoin price to drop again below $20,000. Note that we are not in the dip of bearish now, but Bitcoin already dropped below $30,000 several times. Can you imagine when it is in the bearish season and there will be huge negative issues about Bitcoin as well? Bitcoin price definitely will fall sharply.