Will bitcoin go down below $20,000.

[DU18]

It's hard to predict bitcoin will fall below $20,000. Especially now that the movement of bitcoin's increase is very significant in the crypto market. But the better thing you can do is if the market is in a downward trend, or when it enters a bear phase, you can short sell to make a profit or to protect your asset from a weakening price. The futures market does contain a very high risk. So, technical analysis is needed and precise to project where the price will move. For professional traders, the futures market is common, because the risk is directly proportional to the profit to be gained.

Only weak people will always panic when the market crashes or bearish run. For investors who have a long-term perspective with Bitcoin, it is not something that is a hassle. the proof, If Bitcoin drops below $20,000, this is a golden opportunity to buy again at a lower price.
It is not wrong if we see the price of Bitcoin moving so fast, and yet showing signs of reversal. But it's a novelty that investors are now more numerous than in previous years, and the adoption rate is now higher than in previous years.

Right now the market conditions are starting to improve, so in my opinion for now the price of bitcoin will not fall below the price of $ 20K, and we can see if during the price decline that occurred in the last few weeks,  the strongest wall in bitcoin price was at $ 29-$ 30K, and when the price resistance was reached, I saw the bitcoin price reborn and increase again at that time.
I agree with what you said, even if the price of bitcoin fell to $20K, of course we should be able to take advantage of the situation to buy it.

[bryant.coleman]

Now we are at 46-47K, and the chances of going to 20K is very remote IMO. One thing I can say with 100% confidence - a lot of buyers are sitting on the fence (including those from institutions), and they are patiently waiting for an opportunity to accumulate coins at low rates. We saw this when the prices rapidly recovered rapidly from 28K to 45K in a matter of days. A lot of them were waiting for 20K to hoard coins, but that opportunity never came. I am waiting for the next move from them. They may go for the purchase before 50K, or they may wait for lower prices.

[MarjorieZimmermanGinger]

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 this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

[freedomgo]

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 this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

You are obviously wrong, bitcoin was already dumped below $30k this year, and that is coming from a new ATH which was at $63500, so it's not impossible to dump again coming from $46,000 which is the current price. IMO, if we like to be realistic, let's expect the unexpected.

[STT]

this is impossible for bitcoin

Its not impossible, its highly unlikely given the ongoing easy monetary policy however its possible as a final low in the move overall which might be this year or beyond that.   I dont think it'll occur but it pays to be aware of possible swings, the crowd can turn.   If we drained all speculative money out of BTC, the tide would go out and the landscape resemble something quite different to how we view things right now.
   If we got Federal interest rates back to 5% we'd be in entirely different times and probably altered base prices for many asset types.  I say 5% because that is the very long term norm and we are living in zero gravity right now comparatively but sure sub 20k is not going to happen afaik.

[perfect999]

For this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

This topic was started on July 20 which means that the price was nearly under 30k and that is why there was a scare that the price would fall down, I understand it because the price went under 30k for the first time in a while, it peaked over 60k before it did something like that and I believe that there was a good case to be made for the price to go down.

However we all know what happened after that, hindsight is 20/20 and I understand why we can think that it will not go under 30k ever again, not just these days, we may never see under 30k ever again in history, however back in those days we have seen under 30k and the scare to see under 20k was very real, I felt that too, I wasn't scared about it because I like it when it goes down, it allows me to buy more but that doesn't mean that we knew it would go up neither. Thankfully it is doing a lot better now.

[KennyR]

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 this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

You are obviously wrong, bitcoin was already dumped below $30k this year, and that is coming from a new ATH which was at $63500, so it's not impossible to dump again coming from $46,000 which is the current price. IMO, if we like to be realistic, let's expect the unexpected.

Expecting the unexpected is the reality with most of the small scale cryptocurrency hodlers and the new users who are with plans to get into the market. Based on the market movements happened throughout the year till now there is chance of price getting dumped. On the other hand governments are making better policies to allow crypto usage. Probably that will not let the market down anytime. From the polling it is good to see majority doesn't believe on price falling low to $20k.

[Questat]

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For this year Bitcoin will not go down at $30k, this is impossible for bitcoin, if you look at the current stable market conditions, I believe the scenario this year will be much different from 2018.

Even altcoins that did not have good expectations this year, actually rose quite well in the market, even though the increase in altcoins was not what people wanted, but what we need to understand this year is that the condition of all coins is good and growing.

You are obviously wrong, bitcoin was already dumped below $30k this year, and that is coming from a new ATH which was at $63500, so it's not impossible to dump again coming from $46,000 which is the current price. IMO, if we like to be realistic, let's expect the unexpected.

We have never expected this bullish run to come again and the same thing that we can never expect for a huge dump as well. So it is right, "expect the unexpected" is the only way to get prepared for anything that happens in the next few days.
If the current momentum will able to continue until the next quarter, reaching for another ATH is quite possible but of course, we can't expect that be going to happen especially when there are FUDs coming out.

[Sithara007]

There was a combination of multiple factors, which made Bitcoin to dip below $30,000 level. I don't think that it is going to repeat in the near future. The slide started with the tweets from Elon Musk, and got aggravated due to the potential lawsuit on Binance and the mining ban in China. But then, the recovery also occurred very soon. The pace at which the prices recovered confirms that there is still a lot of demand in the market and the big players are waiting in order to accumulate the coins at affordable prices.

[asrinur]

Given the massive moves we are experiencing in the short term Bitcoin price, things are getting very foamy. I think we are going to have a big price correction in Bitcoin. Because I think BTC could drop to $30,000 to $20,000, which would be a 50% drop.

[ancafe]

There was a combination of multiple factors, which made Bitcoin to dip below $30,000 level. I don't think that it is going to repeat in the near future. The slide started with the tweets from Elon Musk, and got aggravated due to the potential lawsuit on Binance and the mining ban in China. But then, the recovery also occurred very soon. The pace at which the prices recovered confirms that there is still a lot of demand in the market and the big players are waiting in order to accumulate the coins at affordable prices.

I also think that with so many FUDs popping up, the price of bitcoin hasn't dropped more than $25k. right now, it looks like the community of bitcoin holders is much stronger than ever. As far as I'm concerned, while the FUD kept coming, the bitcoin price bottomed out at $28k, and after that it went through a slow recovery. Even today price of bitcoin much stronger after the dump.
there may be a number of factors I can think of that could have made the bitcoin price drop to that extent, but it's unlikely that will happen. Besides, if the bitcoin price drops quickly to below $25k, I think it will cause panic and make the bitcoin price fall to $20k more quickly.

[Oasisman]

Given the massive moves we are experiencing in the short term Bitcoin price, things are getting very foamy. I think we are going to have a big price correction in Bitcoin. Because I think BTC could drop to $30,000 to $20,000, which would be a 50% drop.

50% drop has already happened after the ATH. What more are you looking for? A sharp correction might not going to happen as Btc is currently in a recovery period. Btc has overcome a bearish-like $30,000 level from the past couple of months. Most likely Btc will be hovering around the $40,000 level this month.
No signs of bearish market sentiments yet as everyone in crypto space has been very bullish and optimistic for the $50,000 strong resistance.

[lenovop-70]

Bitcoin has strong support at $30k level and unlikely to touch that level again, if Bitcoin touches that level again I think the price will bounce back. China fud also no longer has a major influence to decline market up movements, also Amazon's clarification rejecting the rumors that blow also does not stop the Bitcoin price growth rate in the market lately. So I think this year is different from the previous market habits, will be so many surprises next i guess.

[DOH!]

I have no reason to think the market will go below 20k.  Even if it's FUD, not to mention looking at this year we have loads of upside possibilities for bitcoin, I can imagine bitcoin hitting $100k what it would be like and similar altcoins  how relevant.  we always have new faith, Taproot, Bitcoin Lightning, El Salvado… i believe we will go up from this $44k correction.  Otherwise, it's more of a conspiracy.  Lol

[STT]

My negative outlook has us below weekly average and probably the trend for prior weeks, I dont know it'll especially sell massively but just watching with a bias towards seeing price weaker.

  This is the Euro price but equates to the rough picture for dollar and other currencies, 42k in Dollars is perhaps a fair downside target for now.   Not sure we'd go as far as the 50 day average, that would match lows for August so far and is not that negative overall either.  Right this moment price is moving positively upwards from recent low, need to judge the strength of this bounce back.

[bots1]

In my opinion, if the market really goes crazy and bitcoin's price hits $60,000 to $100,000, which is where a similar big drop in 2018 might follow.

[mumang siat]

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?

Most likely this will happen again this year, if you see the current market conditions are so out of control, let alone many investors are trying to enter into the scenario pattern in 2018, this will repeat the time when bitcoin slumped to a bad value.

Likewise with Altcoins, they are very much determined by the current market conditions, if it really happens, then altcoins will also get a big effect from the recession, I think this will be a special concern for developers, if 2018 doesn't want to happen again in 2018 this.

[Ibrahim60]

I don't think that Bitcoin again go down $20k. Because Bitcoin popularity and demand increase day by day among all the people in the world. Day by day more new people hear about Bitcoin and start investing their money on it. For this reason this price going to increase. Price can decreasing some but never get down under 20k $.

[Sanugarid]

Unlikely to happen for now since the price is just too far apart from 20k that it might not be worth waiting for to happen. Although there's still chances that it can happen, 2018 happened so I don't think it's completely out of the realm of possibility.

[newwest]

In my opinion, if the market really goes crazy and bitcoin's price hits $60,000 to $100,000, which is where a similar big drop in 2018 might follow.

For now does not look that it might fall back again to 20k as well the lowest which has fallen is 30k for this year where it was the best time to buy it. And in matter of some time only btc has now reached to 48k and waiting for the 50k again which will be an incredible mark for this year as it has bounced back well after reaching high of 60k+ to down by 30k and back again at closer to 50k.