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

[Renampun]

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we have to know what will bring the price of Bitcoin back to $20k, I think it will be impossible again...

see how the price of Bitcoin bounced back from $29k after a discussion held by jack dorsey, elon musk and 2 other happy endings. jack dorsey and michael saylor are advocates of bitcoin, they will definitely not make the market bear again and will continue to try to make the market positive always with their tweets.

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[efreeti]

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..

To be realistic here negative news could come any time. It is not like negative news get announced in advance because if that is the case, the negative news will immediately be priced in. For now I also don't see any negatives waiting for us, but it could be a political decision that is being made behind closed doors or news from the FED and others. I think that we are good to go for a little while now without surprising news that could have an impact on the cryptocurrency markets.

[Flowzer]

I doubt we are going below $20,000 USD. The $29,000 USD support held well. The price bounced back and reached almost $33,000 USD. I guess we are going to stay around this level until the end of the month. The more the price crashes, the more opportunity for buyers. We have already seen this as people already started to buy as soon as the price went below $30,000 USD. The upcoming months are going to be really interesting.

Agree, people are start to shorting and longing whenever they see strong support or resistance. Its make the price bounced everytime the price touch it. But i dont recommended do futures trade since its very riskful, buying any dip on spot are more wiseful thing to do.

[n0ne]

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we have to know what will bring the price of Bitcoin back to $20k, I think it will be impossible again...

see how the price of Bitcoin bounced back from $29k after a discussion held by jack dorsey, elon musk and 2 other happy endings. jack dorsey and michael saylor are advocates of bitcoin, they will definitely not make the market bear again and will continue to try to make the market positive always with their tweets.

Influencers have got the ability to move the market. These influencers will crash the market someday. Based on that I'm sure bitcoin will reach $20k, if the discussion weren't conducted on 22nd the price could've reached atleast $25k. With the bitcoin anything is possible. Let's move with the market and make use of opportunity if something happens as we predict.

[arifteguhr]

Agree, people are start to shorting and longing whenever they see strong support or resistance. Its make the price bounced everytime the price touch it. But i dont recommended do futures trade since its very riskful, buying any dip on spot are more wiseful thing to do.

Why don't you recommend futures trading on this occasion? is the risk greater than those who buy when the correction arrives? because I've also found the one who lost during the correction this year, and maybe it's because he's impatient.

[LUCKMCFLY]

For now, BTC is rising to $ 40k, it is very likely that it will continue to rise, and what sounds the most is that small-cap altcoins can shine in the market, as many who are buying these coins are taking advantage of it, this articlep describes it:

Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000

The overall market conditions continue to improve following the now denied rumors that Amazon would begin accepting cryptocurrencies as payment at some point in 2021 which helped spark an increase of more than $155 billion in the total cryptocurrency market capitalization over the past three days.

Source: https://cointelegraph.com/news/small-cap-altcoins-push-higher-as-bitcoin-bulls-fight-to-hold-40-000

It is a good option to be able to invest in small-cap currencies, although it can be a double-edged sword, you have to be very careful. and as BTC is trying to fight to stay at $ 40k it is possible that this scenario for the highs will occur.

[big kid]

That's actually funny to read this now. I don't think BTC is gonna fall to the $20K again. It might even get to the $50K in August i guess.

[efreeti]

For now, BTC is rising to $ 40k, it is very likely that it will continue to rise, and what sounds the most is that small-cap altcoins can shine in the market, as many who are buying these coins are taking advantage of it, this articlep describes it:

Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000

The overall market conditions continue to improve following the now denied rumors that Amazon would begin accepting cryptocurrencies as payment at some point in 2021 which helped spark an increase of more than $155 billion in the total cryptocurrency market capitalization over the past three days.

Source: https://cointelegraph.com/news/small-cap-altcoins-push-higher-as-bitcoin-bulls-fight-to-hold-40-000

It is a good option to be able to invest in small-cap currencies, although it can be a double-edged sword, you have to be very careful. and as BTC is trying to fight to stay at $ 40k it is possible that this scenario for the highs will occur.

Yes whenever Bitcoin reaches a certain level of stability, which it now seemingly did around $40k, a good amount of money is going into the alt coins. Those are some nice gains in the table and if you go down the list on CMC, it looks quite greenish for a lot of those coins. It's more important now though that Bitcoin can defend that level for a while.

[dotcoin.info]

I doubt. So many big guys who turn over large funds bought bitcoin for 30k + not to watch their investments lose almost 50%, I don't think so. Most likely, we will not go below 25k.

In the past, there was nothing except bitcoin, and a couple of altcoins, now everything is different, there is more money in the market.

[milewilda]

I doubt. So many big guys who turn over large funds bought bitcoin for 30k + not to watch their investments lose almost 50%, I don't think so. Most likely, we will not go below 25k.

In the past, there was nothing except bitcoin, and a couple of altcoins, now everything is different, there is more money in the market.

Adoption is on the move as the year progresses and its not surprising that in terms of money circulation then theres really much bigger compared in the past... No matter what the price is
or trying out to chase the bottom its really unpredictable but due to technicals and other tools then we do really have some glimpse or idea on where it could possibly go.
Lucky for those who had bought in 28k and now the price had reach up to 40k and that was an easy profit in short time duration.

[senyorito123]

As of today's trending recovery of bitcoin, potentially there's a chance to fall but not as big as the previous one. Mostly people who've been holding after buying btc the last drop take a quick profit on that level then eventually, buy back when it goes down again. They're playing their profit to make it compound in order to increase the buying capital, so let's learn on how the system works for everybody.

[seleme]

I don't think BTC will drop so fast to $20k levels, at least a few months are needed to retest the old high prices and liquidate the previous buyers. Otherwise, it will be a win-win situation for both parties, better to wait for the clear direction of the market trend. The clear direction is upwards but the whales and market makers will not let all traders just keep taking profits over long-term bull market. We need to see the storm and winter is coming. Probably new sub $27k levels will be on the table, later the new bull attacks can move the market price quickly towards $80k in few months, IMO.

[sapnu]

For the longest while, bitcoin's value played between $30k-$35k and hasn't gone lower than that ever since. Nevertheless, that doesn't remove the fact that the value of bitcoin is very much volatile hence bargain hunting wouldn't be so ideal yet. You should wait a little bit more up until the value goes much lower. We do not really know when will it happen but we should always keep an eye on the market if we would really like to buy bitcoin in a very cheap price. It will all be worth it once we hit the right timing of buying bitcoin and even other cryptocurrency out there.

[WalkerIVIV]

I doubt. So many big guys who turn over large funds bought bitcoin for 30k + not to watch their investments lose almost 50%, I don't think so. Most likely, we will not go below 25k.

Those people must learned a lot from their skeptism with the market. This time bitcoin is doing U turn and it goes back up again above 40k rate. that was also opening the possibility for another bull will be happening with bitcoin again.
Bitcoin already reached its bottom when it was getting traded @29k and it will never go below than it.
More investors are also coming to the bitcoin. The price of bitcoin is really strong at this moment dude. I hope we will see bitcoin will be mooning again

[rozak]

I don't think BTC will drop so fast to $20k levels, at least a few months are needed to retest the old high prices and liquidate the previous buyers. Otherwise, it will be a win-win situation for both parties, better to wait for the clear direction of the market trend.

a trend for the short term has formed I think. more visible this will be a good rally for the BTC market. but maybe it won't be a very strong rally. because after a small pump we see there is good stability for the BTC market.
I became convinced this would be an opportunity for altcoins to get a pump rally.

[andriarto]

I don't think BTC will drop so fast to $20k levels, at least a few months are needed to retest the old high prices and liquidate the previous buyers. Otherwise, it will be a win-win situation for both parties, better to wait for the clear direction of the market trend.

a trend for the short term has formed I think. more visible this will be a good rally for the BTC market. but maybe it won't be a very strong rally. because after a small pump we see there is good stability for the BTC market.
I became convinced this would be an opportunity for altcoins to get a pump rally.

with the small pump going on right now, it does bring altcoin opportunities to creep up. at the moment it seems easy for new projects to evolve with the current situation, but for me for new projects it is not to hold on to it in the long term. that's the price of the pump, then I throw it away

[Sithara007]

Several ground breaking events occurring in the last 12 months or so, including the adoption by PayPal, purchase by Tesla, recognition from El Salvador and rumors related to Amazon. Actually I am surprised that the prices haven't gone up further. With such overwhelmingly positive outlook, I would have expected BTC to reach six digits by now. But somehow, we have remained below the $50K mark. I guess the profit booking phase is still not over. The rally will resume only after those who purchased BTC at 8K levels in 2020 completely book their profits.

[smyslov]

That's actually funny to read this now. I don't think BTC is gonna fall to the $20K again. It might even get to the $50K in August i guess.

Yes it is because of the recent pump people are now motivated to buy the buy order is now going strong $50k is realistic, if we are not going to read bad news for the month of August, all the other altcoins are also going up, and many new trending coins are created this is the best time to have funds to invest, but of course only invest what you can afford to lose.

[Timelord2067]

You might want to break out the smelling salts given the price of bitcoin is hovering around $ 40,000 which is double what the last dozen or more (more than likely shill/sock puppet) posters have been commenting on in this thread.

These threads need to auto lock if the OP becomes inactive.

[konflikkastil]

Anytime I see this type of questions, one thing that always come to my mind is if wishes are horses most people will be million in dollars now. They would have made so much money in Crypto Market than anyone else could. Before we predict the price of any coin, we need to do something first. Which is the market analysis, knowing the trends for the pass few years or probably months. That is what I called the market analysis, this would help us to know how deep the market is going to be. After a careful market analysis, I saw the for bitcoin to come down to $20k will be a strange thing. It will surely come down but not to the level of $20k. And whenever it picks back, we sure be expecting a big move upward.