Will BTC fall below $20,000? Bargain hunting?

[JeffBrad12]

With the recent spike on BTC, I really doubt it would be below 20k. Global economy are hit with several hyperinflation and big institutions are hedging over to bitcoin.

I see that and that's why some big companies or even banks started to hire more and more blockchain developers. it looks like we are going to transition from the traditional economic system to the modern economic system.
I think that if the price of bitcoin will not able to reach such a rate caused by the various reason. it looks like bitcoin will be going so crazy started from this year
The mass adoption is about to come very soon as predicted by so many people

[Cancu]

Here I have 2 cases:
  1. BTCD continues to rise to the 52-57 mark.  BTC drops, Altcoins drop a lot
  2. BTCD corrected 5 spans, previous prediction was incorrect, dropped to 26%

[distr@yopmail.com]

there is a chance it will happen in the future. but looking at the current market conditions which look stronger than the market conditions a few years ago after the pump dump immediately occurred. I'm sure we won't be seeing it any time soon. after correction, there will be improvements. and this situation keeps happening several times. there is more potential for regrowth, but at a slower pace, I think.

[BigBos]

Bitcoin could have dropped to $20k but I hope this doesn't happen. After dropping below $30k, Bitcoin price is currently around $32k and I hope to return above $40k. It would be very difficult to imagine the fate of the altcoin price if the Bitcoin price fell below $20k and this would allow the cryptocurrency market to recover longer

well, the current price is still very close to the $20k range, so I think the potential is still quite large for bitcoin to be below that price. only, I also have the same hope as you. I still want to see the bitcoin price above $40k in the near future. however, at the moment I'm not paying much attention to the bitcoin price. I only focus on collecting assets, because I believe that the price of bitcoin will pump.

[cryptomaniac_xxx]

Bitcoin could have dropped to $20k but I hope this doesn't happen. After dropping below $30k, Bitcoin price is currently around $32k and I hope to return above $40k. It would be very difficult to imagine the fate of the altcoin price if the Bitcoin price fell below $20k and this would allow the cryptocurrency market to recover longer

The keyword is "could", but it didn't dropped to $20k because I don't think that investors are looking for that kind of price. But it's possible to go down, but if there is really a bad news, just like what we have seen last March's Covid-19 effect.

Now we are back to $32k, and the Dorsey vs Musk debate turns out to be positive in short term as we have bounce back again above $30k.

[michellee]

Bitcoin could have dropped to $20k but I hope this doesn't happen. After dropping below $30k, Bitcoin price is currently around $32k and I hope to return above $40k. It would be very difficult to imagine the fate of the altcoin price if the Bitcoin price fell below $20k and this would allow the cryptocurrency market to recover longer

well, the current price is still very close to the $20k range, so I think the potential is still quite large for bitcoin to be below that price. only, I also have the same hope as you. I still want to see the bitcoin price above $40k in the near future. however, at the moment I'm not paying much attention to the bitcoin price. I only focus on collecting assets, because I believe that the price of bitcoin will pump.

This day, the bitcoin price increase to $31k and already touch $32k so if the price goes down, that will not so soon unless there is negative news that comes and make people panic. Yes, we all want to see bitcoin prices above $40k, even more than $60k, but bitcoin prices still need more time to reach all that high price. If the price can be up and down until the end of the month, maybe we can make a nice profit and we will have a chance to accumulate more bitcoin later.

[marine4u]

Bitcoin could have dropped to $20k but I hope this doesn't happen.

I don't see any reason for us to be pessimistic about bitcoin going down to the 20k quagmire?  We have gone through many FUDs with china, carbon power, grayscale, ... all progress supported by user base at 28k-30k resistance like previous dumping.  I believe in bitcoin's long-term super profit, I believe that the true believers and hardliners at this stage will see the green soon.

[danherbias07]

Bro, every altcoin will be pulled down when Bitcoin falls. Most of the altcoins out there are still leaning over the market of Bitcoin and whales will do the same to every altcoin they are holding. I don't call it panic but a trading strategy for them.
Sell while the price is not moving down heavily and buy again at a cheaper price and that includes every asset they are keeping.
You could just try to buy at that point but never in midway. If you see a bear buy it, then wait for another bull.

[Jating]

Bitcoin could have dropped to $20k but I hope this doesn't happen.

I don't see any reason for us to be pessimistic about bitcoin going down to the 20k quagmire?  We have gone through many FUDs with china, carbon power, grayscale, ... all progress supported by user base at 28k-30k resistance like previous dumping.  I believe in bitcoin's long-term super profit, I believe that the true believers and hardliners at this stage will see the green soon.

But this kind of FUD will still continue no matter what and we all know that this market is full fo manipulators that will do everything to pull the price down, so it's going to be a battle between the bulls and the bears. So far though, the bears has the obvious upper hand because we are down now like -50% from last all time high.

Long term though is a different story, just remember that last March the price is around $4k, and now we are in $32k. So in a span of more than a year our investments grow X times.

[blockman]

If bitcoin goes $25k then it's going to get there. But it didn't go through under $29k so it's expected that it's recovering and it won't fall below $20k as what you're asking. As for that good news in the market, they keep coming and maybe in the next few days, we're going to have good news about bitcoin and it's going to come up with the recovery and it will be continuously going back to the price of $40k and up. But the question as it goes to $31k, will it keep the price and move forward or it won't and back to $29k again?

Yes! I hope so~ BTC has raised in $30,000 yesterday,ah good news for Elon Mask? I dont like him

People started to dislike him with his attitude and statements against bitcoin but I guess we've got some news already about him with what he recently said about bitcoin again.
(https://www.bbc.com/news/business-57924354)
(https://www.cnbc.com/2021/07/21/elon-musk-says-tesla-will-likely-start-accepting-bitcoin-again.html)
Another good news is that Tesla might accept bitcoin again. I guess that's already the hint that it will for surely going to happen.

[btc-facebook]

It's too soon to conclude that Bitcoin will go to $20k, I still believe bitcoin is still bullish and $30k area is the current support area, as long as bitcoin is still holding above $30k area, the possibility bitcoin going to $20k is very small,
I'm not really interested in polkadot, there are many better ones than polkadot, for example like Cosmos or Solana, these two coins are more interesting than Polkadot because of ecosystem and also technology they have.

[Malam90]

I am not sure whether Bitcoin will reback to $20k but the possibility is very low. Already started recover the market price from yesterday. DOT, KSUMA are good coins and i think both will be one of the top investment choice to me and also to the many investors. I will definitely hold both of the coins and i am fond of the both coins.

[Bitcoinjheta]

there are many speculation arises that bitcoin may drop at the value of $25K and its quite difficult to be true that the price will go down below $20k. Statistically as shown on the market there is no drastic drop below $29K.

[Darktongue]

if bitcoin falls below $20k it will get worse, I think bitcoin will stabilize at least at $25k. since bitcoin has been quite famous lately, it doesn't seem like bitcoin will repeat the events in 2018, it's very sad for many people.

Cryptocurrency pump doesn't deserve only 2.5 trillion USD this time. Bitcoin shouldn't dump 20k USD in a short time. The last Bitcoin pump started from October to May this year. Running correction time could take more than 2 months as my experience. I know I can read the market but I don't want to predict because so many investors could lose everything. Investors shouldn't wait to $20,000 because we all can't take the top opportunities.

[Cornia]

It is not impossible to drop Bitcoin below $ 20k. Cryptocurrency is like that. It's hard to predict anything in advance. Bitcoin is slowly dropping for a long time. If a little more drop $20 k. We need to be mentally prepared for this.

[lumierre]

I'm still not sure bitcoin can fall like that. because if you look at the bitcoin support point, it is at 30k. and it lasted quite a while, even after the china ban the prices stayed there. now the effects of all that have begun to fade. so there is no more reason to make bitcoin fall any deeper. unless something else bad happens to the bitcoin market. if that happens then the price of bitcoin could fall below 20k. and that would make the altcoin market very scary.

I think that after the conference with Elon Musk, where he claims that he holds Bitcoin, Ethereum and Dogecoin, as well as his team and company do,  we should expect a growth in Bitcoin price and in Ethereum and Dogecoin as well. So talking about the nearest future, I consider it to be under 30 000$. But to my mind, the bear market hasn't finished yet, so we can see even 20 000$. So let’s wait for better prices to buy.

[Timelord2067]

if bitcoin falls below $20k it will get worse, I think bitcoin will stabilize at least at $25k. since bitcoin has been quite famous lately, it doesn't seem like bitcoin will repeat the events in 2018, it's very sad for many people.

I think it's going all the way down to $15,000 and will stay there until the end of this year at the earliest and then perhaps get talked up via social media then fall nearly as rapidly into next year.

FOMO investors who follow the prophets/profits of social media have already been burned very badly and won't come back anytime soon.

[Viscore]

In my opinion, Bitcoin could weaken to $20,000 which biwould be a 50% drop. however Bitcoin could still rebound after a significant drop to the next support level. we'll see if that holds true in the future. Bitcoin price may plunge below it temporarily and close above it. If it is actually broken, $25,000 is the next level of support.

The last drop for bitcoin was at $29k and then it goes up surging. But the fact that bitcoin can be very volatile and any negative news that come, bitcoin will be directly affected. So there are still chances that it will fall down into $20k and maybe it will start to rebound from there.

However, if there will be continues update for positive news, then bitcoin will not touch $20k anymore. It will start heading into bull run and its previous ATH from $60k might be even doubled this year. So just keep your faith  in bitcoin.

[Ararbermas]

Nope in my personal opinion because it already break out the support after how many days of being stuck above 30k, as of now perhaps 40k isn't enough as it rapidly increasing and in fact i don't see any negative news about bitcoin today and since it made a sudden increased few days ago. so probably there's a high chance that bitcoin will continue to surge within this week base on the percentage and percentage in the market..

[ZAINmalik75]

Some people has taught that btc will be dumped to below 29k mean it will be betweet 20k to 29k it will be great ever opportunity to buy btc because too much buying are placed betweet 20k to 29k so wait for this awesome opportunity.
Buying polkadot below 10$ will be really profitable for everyone because it will be hit his last all time high