Will bitcoin go down below $20,000.

[crzy]

Bitcoin rising again has persuaded me that the bottom of Bitcoin is not 20k any time soon.

As I’ve said before if we are able to sustain at the level of $35k we might be able to reach the price of $40k again and it happened. Bitcoin was able to rise again so there’s no deep bottom for Bitcoin for this year, below $20k is too much dump if ever. If you are still doubting Bitcoin, better to analyze the price history properly, don’t miss this opportunity again, take profit when necessary.

[Shasha80]

Still we have to see a little correction going forward, it doesn't mean it will be a bear but it will only return to the usual 30k figure it is the lowest point for several months, but indeed the negative trend of the news can affect it especially now it is still unstable at the moment going to pump but I believe it should be able to redeem 35k first to know if this will be a safe point or indeed reverse direction.

Indeed, this is still far for a more basic down opportunity, but we have to keep an eye on it to see how the market moves which will not happen, but 40k may be the point of interest for now.

The recent rise in the price of Bitcoin has convinced me that there is a possibility that Bitcoin may start to recover, and could return to above $40k.
Although it is possible that after Bitcoin reaches $35k, there will be a small correction first and after that it can go higher again. Let's hope that
in the next few days there will be no bad news, otherwise Bitcoin could go back down again. But if we look at the movement of Bitcoin in recent weeks,
it is very unlikely that the price of Bitcoin will drop below $20k.

No, bitcoin will not drop $20k yet but we already saw it trading at $29k, so it's a sign that it's possible to see $20k in the near future. Good thing the market is slowly recovering now, but it's still not enough to break to $40k as the news that resulted to this pump is not big enough, not enough to move the entire market significantly.

It turned out that unexpectedly the price of Bitcoin rose very quickly to $38k,  but now it looks like it has started to correct and dropped to
the price of $37k. If we look at the movement of Bitcoin in recent days, it is clear that it is experiencing an uptrend,  meaning that Bitcoin
will not go down to the price of $20k. Although actually when it dropped to $29k, I was a little worried the Bitcoin price would drop even lower,
luckily that didn't happen. I admit it's not easy for Bitcoin to rise above the $40k price, I hope that in the next few days there will be good news
that can push the Bitcoin price up to above $40k. We do have to often monitor the price of Bitcoin now, in order to predict where Bitcoin will move.

[Sithara007]

A few days back, we were talking whether Bitcoin will go below $20,000 or not, and yet yesterday we witnessed the exchange rates topping the $40,000 level. It is clear that the FUD was able to keep the prices suppressed for only a short period of time. The fair valuation for Bitcoin, considering the usage, acceptability and adoption is clearly above the $50,000 level. And we will witness that level, once this correction phase is over. A lot of the institutions were waiting for 20K level, in order to accumulate cheap Bitcoin. They will be forced to make purchases at higher levels now.

[DU18]

I think that the bottom of the May price drop in the cryptocurrency market has already passed and the predicted drop in the price of bitcoin to $ 20,000 will no longer exist. This is eloquently indicated by today's sharp rise in prices. Bitcoin climbed to $ 38,174 today, up nearly $ 4,000 overnight. It seems that it grows further, and all altcoins rise in price behind it. It seems that over the next few days, the price of bitcoin could exceed $ 40,000 and thereby open up room for further growth.

Yes that's right, I'm sure the price of $ 20k we will not get, looking at the bitcoin price trend it looks like the price will continue to skyrocket and I believe it can reach at least $ 75k by the end of this year.

although currently the bitcoin price is in a stable state after going through a bad market the last few weeks, but I personally think that bitcoin's current condition has not improved and the possibility of a price decline could occur at any time and that's why we seem to be very it's hard to see bitcoin price reaching $70K in the near future and I think the bitcoin price will be volatile again in the next few months given the market situation that continues to be hit by negative sentiment.

[Macadonian]

I think the scenario will be different this time. going forward bitcoin still has room to strengthen, but after that, it will go down. The price of bitcoin will indeed experience a correction, but the trend is still strong. even after experiencing a decline a few weeks ago, the price of bitcoin is moving up again above $30k.

Why is it different? There is no difference to the other times that this has happened a price correction seems like something that cannot be avoided after reaching a certain stage.

[Kong Hey Pakboy]

There's still a possibility that the prices could go down under 20k USD, there's still a lot of time for the market to reach that point and the current price isn't that far for it to go down below. I do hope that we won't see it anytime soon but if it does then we better have some money so we can buy at a discounted price.

[ivankoh]

The market behavior and direction of bitcoin is unpredictable, candle flexing can happen at any time.  Personally I am still bullish on bitcoin, short term resistances have been established ($37k is similarly strong support).  Today we are moving in a chart pattern.  This shows that a trend has formed.  $29k is the lowest this year as I guess it won't be possible to drop to $20k.  We have come out of the bear market from Fud china.  This is the most important reason.

[ShowOff]

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

No one can say for sure, I'm pretty sure it is.

The price of bitcoin can never be predicted with certainty and neither will its future. The price down after ATH has happened many time before and I don't think we are losing hope of seeing it go down again in the future. At the moment we may not see the price down to $20K immediately, but it is still possible in the future. Actually I didn't expect it to happen, but anyway nothing can prevent it from going up and down because it's a free market.

[Macadonian]

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

No one can say for sure, I'm pretty sure it is.

The price of bitcoin can never be predicted with certainty and neither will its future. The price down after ATH has happened many time before and I don't think we are losing hope of seeing it go down again in the future. At the moment we may not see the price down to $20K immediately, but it is still possible in the future. Actually I didn't expect it to happen, but anyway nothing can prevent it from going up and down because it's a free market.

You contradict yourself you say that no one can be sure and then say you are pretty sure it is so which is it? The price of Bitcoin is a prediction game that no one wins at but there is a way to judge it and that is by looking at the historical prices after a ATH has been reached which has shown every time that a correction happens after.

[acener]

It is hard to tell but if it would ever go down to that price again then we would really need to take advantage of it and buy as much as we could.
We have seen how the price could grow and I think if it ever goes that low again I think we could expect that the next ATH would be so high base on the past price movement,
Even though it would take another couple of years it would still be worth it.

[Fredomago]

The market behavior and direction of bitcoin is unpredictable, candle flexing can happen at any time.  Personally I am still bullish on bitcoin, short term resistances have been established ($37k is similarly strong support).  Today we are moving in a chart pattern.  This shows that a trend has formed.  $29k is the lowest this year as I guess it won't be possible to drop to $20k.  We have come out of the bear market from Fud china.  This is the most important reason.

Hopefully that fud from china already wiped out from the minds of those investors, and with the help of many institutional investors who are now inside this market, strong hands will manifest with the current value.

We might see more bullish if this current small drop got picked by newcomers who are also willing to take the long ride.

Still $29K is the lowest point and afterwards the value pumped back and bring investors and traders to a much better stats.

[AliMan]

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?

The scenario of today is different from yesterday, so don't worry and keep saving your crypto coins for our next halving that's coming anytime this year. Avoid FUD to hinder your plans in life, there's nothing good it provide to you but anxieties and worries.
Bitcoin market is always an unpredictable thing, specially when it attempts to rise then suddenly goes down. That made us uncomfortable right? Well of course that's a human feeling that we should overcome, so just be calm and easy before glorious day comes over us.

[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?

The scenario of today is different from yesterday, so don't worry and keep saving your crypto coins for our next halving that's coming anytime this year. Avoid FUD to hinder your plans in life, there's nothing good it provide to you but anxieties and worries.
Bitcoin market is always an unpredictable thing, specially when it attempts to rise then suddenly goes down. That made us uncomfortable right? Well of course that's a human feeling that we should overcome, so just be calm and easy before glorious day comes over us.

It's sure different but we might see the same bear market that we experience for a long period of time before, it's unpredictable but there's a pattern that we can follow. That's why I don't really think so bullish now, instead, every time the price dump, I'll always secure my assets by converting it to stable coins.

[Sir Legend]

I think that the bottom of the May price drop in the cryptocurrency market has already passed and the predicted drop in the price of bitcoin to $ 20,000 will no longer exist. This is eloquently indicated by today's sharp rise in prices. Bitcoin climbed to $ 38,174 today, up nearly $ 4,000 overnight. It seems that it grows further, and all altcoins rise in price behind it. It seems that over the next few days, the price of bitcoin could exceed $ 40,000 and thereby open up room for further growth.

When the bitcoin price was around $29k I planned to buy when the price could drop to $25k, unfortunately that didn't happen so I bought when the price was $32k, even so I'm happy because the price continues to rise and I will hold it for the long term.

[conected]

I think that the bottom of the May price drop in the cryptocurrency market has already passed and the predicted drop in the price of bitcoin to $ 20,000 will no longer exist. This is eloquently indicated by today's sharp rise in prices. Bitcoin climbed to $ 38,174 today, up nearly $ 4,000 overnight. It seems that it grows further, and all altcoins rise in price behind it. It seems that over the next few days, the price of bitcoin could exceed $ 40,000 and thereby open up room for further growth.

When the bitcoin price was around $29k I planned to buy when the price could drop to $25k, unfortunately that didn't happen so I bought when the price was $32k, even so I'm happy because the price continues to rise and I will hold it for the long term.

- I don't know if your intention depends on your analysis or some informative forecast but the nice price you offered, it's a nice price that I see quite a few groups predicting, besides, the price of $ 20k is also one of the prices that many people want to buy again, and when the price is expected by such a crowd, it just randomly won't come true or to be more precise, whales as profit and loss managers, they like to go against the crowd's expectations. They will correct only when the price zones that are being pressured by the crowd start to fal

[rhodelmabanal]

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?

For now I think Bitcoin will never go below 30k$ again, and maybe we will see the same scenario in last year 2018 but the price may different. See the price it has a big difference from 2018 which is very cheap and now it is currently high. However there is also a possibility that price will continue to rise so let us wait for good.

[pinggoki]

As of late bitcoin had broken the 30k barrier and is shooting for 45k. We still can't be complacent however as there is still a good amount of chance that the next few days show bearish signs and dump bitcoin back to 35k or even possibly 30k. At this point it's anybody's game now, and a booming news or update concerning bitcoin could definitely affect the price of bitcoin for the better. But one thing's certain at this point, there is a low possibility of a dump like the one that happened last 2018 happening again within this year. There's just so much fast movement from bitcoin nowadays that it's not likely for bitcoin to drop at such a low value.

The market behavior and direction of bitcoin is unpredictable, candle flexing can happen at any time.  Personally I am still bullish on bitcoin, short term resistances have been established ($37k is similarly strong support).  Today we are moving in a chart pattern.  This shows that a trend has formed.  $29k is the lowest this year as I guess it won't be possible to drop to $20k.  We have come out of the bear market from Fud china.  This is the most important reason.

Hopefully that fud from china already wiped out from the minds of those investors, and with the help of many institutional investors who are now inside this market, strong hands will manifest with the current value.

We might see more bullish if this current small drop got picked by newcomers who are also willing to take the long ride.

Still $29K is the lowest point and afterwards the value pumped back and bring investors and traders to a much better stats.

Never even knew much about the FUD incoming from China apart from the fact that they (as far as I know) are trying to eradicate any form of cryptocurrency activity within their borders. Thing is, it has already been established since day 1 that the Chinese Government isn't in good terms with cryptocurrency, and had made plans to thwart bitcoin's growth in the Chinese Population as early as 2018. So it's possible that people just got so fed up with China's BS that they paid no mind with whatever China's doing that concerns bitcoin because it will for sure be negative anyway.

[Kemarit]

I think that the bottom of the May price drop in the cryptocurrency market has already passed and the predicted drop in the price of bitcoin to $ 20,000 will no longer exist. This is eloquently indicated by today's sharp rise in prices. Bitcoin climbed to $ 38,174 today, up nearly $ 4,000 overnight. It seems that it grows further, and all altcoins rise in price behind it. It seems that over the next few days, the price of bitcoin could exceed $ 40,000 and thereby open up room for further growth.

When the bitcoin price was around $29k I planned to buy when the price could drop to $25k, unfortunately that didn't happen so I bought when the price was $32k, even so I'm happy because the price continues to rise and I will hold it for the long term.

Good for you, at least you have started to see profits when the price reaches $45,000. We just have a minor drop to $43,000, but still that is very strong price this month and just $20,000 of the last all time high. So very much we are still in the bullish sentiments no matter how we look at it. So with that said, I' not seeing the price going down below $20,000. A lot of support lines along that path that it's hard to see it bottoming to that levels.

[BigBos]

It is hard to tell but if it would ever go down to that price again then we would really need to take advantage of it and buy as much as we could.
We have seen how the price could grow and I think if it ever goes that low again I think we could expect that the next ATH would be so high base on the past price movement,
Even though it would take another couple of years it would still be worth it.

Thinking about it, I think it's not the only bitcoin we can take advantage of, but we can also take advantage of the altcoin price drop caused when the bitcoin price drops below $20k.
it's just that, at the moment, there is no sign for the bitcoin price to drop any further. On the contrary, I think that this month, the bitcoin price could potentially have a price of $50k.

[Roidz]

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?

to be honest I'm not too optimistic if the price bitcoin no longer drops, currently the market conditions have not fully recovered so anything could happen suddenly if negative sentiment hits bitcoin again, but even so it looks like the price of bitcoin will not go down to $20K because in my opinion the strongest wall of bitcoin price this year is at the $30-$32K price level.