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

[ven7net]

Many now would like the price of BTC to fall below $ 20,000, but for this to happen, there must be appropriate grounds for this. As we could already see, the BTC price has already dropped and it amounted to $ 28,000 - $ 29,000 per 1 BTC. Along with this, I saw information that this was the fall that forced many BTC holders to sell their BTC, after the price increase reached $ 41,000 for 1 BTC. As we can see, there is now no relevant news for the BTC price to go down, but positive news continues to come, which probably indicates a further rise in the BTC price. From this it may follow that the price of BTC is unlikely to reach $ 20,000 now, since by the end of 2021 we will observe another phase of price growth.

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[blockman]

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.

Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

[Noruka]

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.

Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

I would say that if nothing completely unforeseen happens, like a real global disaster or some coordinated government attack on Bitcoin, we won't see $20k again ever. Retail investors and institutions would start buying like crazy as soon as Bitcoin drops below the $30k mark because everyone will consider that a huge opportunity. I would also consider it an opportunity. What I am 100% sure about is that we will never ever again see Bitcoin below $10k. For that to happen there must be an event that would kill Bitcoin in its entirety.

[blockman]

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.

Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

I would say that if nothing completely unforeseen happens, like a real global disaster or some coordinated government attack on Bitcoin, we won't see $20k again ever. Retail investors and institutions would start buying like crazy as soon as Bitcoin drops below the $30k mark because everyone will consider that a huge opportunity. I would also consider it an opportunity. What I am 100% sure about is that we will never ever again see Bitcoin below $10k. For that to happen there must be an event that would kill Bitcoin in its entirety.

That's what the holders are wanting and thinking, we don't want to see $20k again as we've been through a lot and those dips were worth it. Because with such plummets, it made bitcoin stronger and those that have doubted it during those times, they're for sure thinking that it's too late for them already although it's not yet and they have to wait until it bargains again but there's no way to determine if it's going to be at $20k again or under it. While they wait for that which is unlikely, they should buy every dip they see.

[vermigerous]

$20,000 could be possible for a bitcoin to fall, but the thing is when would it happen. Because a wise investor would watch every time of bitcoin price in crypto market and get whenever it could benefit a profit or not. But it could be a big lost for the ones who bought bitcoin above $20,000 if the price won't rise up again.

[magnum cyber]

The price of Bitcoin continues to experience a significant increase even though it was corrected at $37k and currently the condition is at $39k if the price returns to $40k it will most likely continue to $45k and will the HF that occur in Ethereum affect Bitcoin price movements for now?

[terciduk123]

I'm actually hoping it drops below 20k to as low as 10k, so I can be able to fill my bags. The best time to buy Bitcoin is when the whole market is unfavorable and people are panicking about it. This is when institutional investors buy majority of their positions.

Yes, many people hope so because they hesitate to buy when the price is still low. But it looks like Bitcoin will not return to the price of $ 20,000 in the next 1-2 years. For now being able to buy Bitcoin for $30,000 USD is a fortune.
Stop hoping like that, it's better to start buying now and leaving funds to buy again if Bitcoin again tests the price in the range of $30,000 USD

[Pelana vreo]

I don't think Bitcoin price will go to the $20k, because if you look at the 200MA support, the price will drop to the $27k support in july, Bitcoin price currently strengthening since summer is in august, there are a lot of expectations for the price to rise above $40k and it will take a little bit of patience to wait for that to happen as new investors are likely to buy more bitcoins before the end of 2021

[Kemarit]

I don't think Bitcoin price will go to the $20k, because if you look at the 200MA support, the price will drop to the $27k support in july, Bitcoin price currently strengthening since summer is in august, there are a lot of expectations for the price to rise above $40k and it will take a little bit of patience to wait for that to happen as new investors are likely to buy more bitcoins before the end of 2021

That is on he TA side, but if you look at the fundamentals, it is still stronger that ever.

Uruguay is the next country to proposed Bitcoin to be a legal tender:

https://www.coindesk.com/uruguay-crypto-bill-legal-tender-juan-sartori

So that is a good news already and I think it was one reason why we have a good recovery in the last 24 hours and might see the price jumping to $40,000 again.

[Sithara007]

I saw a lot of posts from various users claiming that they will accumulate Bitcoin once it gets below $20,000 per coin. Was there any reason to target this level? We had an ATH of $64,000 per coin a few months back. A better target would have been $32,000, which would mean a 50% correction. By targeting the 20K level, the expectation was kept at unrealistically high levels. With the entry of institutions and corporates, I don't think that such sharp corrections (64K to 20K would mean a correction of 70%) are anymore possible in the Bitcoin market.

[Kasabus]

I saw a lot of posts from various users claiming that they will accumulate Bitcoin once it gets below $20,000 per coin. Was there any reason to target this level? We had an ATH of $64,000 per coin a few months back. A better target would have been $32,000, which would mean a 50% correction. By targeting the 20K level, the expectation was kept at unrealistically high levels. With the entry of institutions and corporates, I don't think that such sharp corrections (64K to 20K would mean a correction of 70%) are anymore possible in the Bitcoin market.

maybe because it saw the price drop quite sharply, and even though it was a correction, many thought that it was a pretty big dump. however, currently, the price is still in the $39k range. we don't know if the price will return to $20k or not. however, even though it's not based on any sources, at the current state of affairs, I think it's fair enough for a lot of people to worry about bitcoin going down at that price. well, but, I still really hope the price of bitcoin can continue to grow after the price correction that occurred. in fact, I also read a few days ago on cointelegraph that their speculation low was also up to $20k.

Like me, I also hope that the price of Bitcoin will continue to rise. As the price of Bitcoin continues to rise, good fortune will also be experienced by many Altcoins. I'm sure, this year Bitcoin will exceed the price in 2017.

Be realistic, in any investment, even in stocks, it's not possible that we will just always see an asset continues to pump, that's not normal anymore. See as the current market situation as a normal one, in even pump or bull run, correction is always necessary and that is to make the market stronger.

[Macadonian]

I saw a lot of posts from various users claiming that they will accumulate Bitcoin once it gets below $20,000 per coin. Was there any reason to target this level? We had an ATH of $64,000 per coin a few months back. A better target would have been $32,000, which would mean a 50% correction. By targeting the 20K level, the expectation was kept at unrealistically high levels. With the entry of institutions and corporates, I don't think that such sharp corrections (64K to 20K would mean a correction of 70%) are anymore possible in the Bitcoin market.

maybe because it saw the price drop quite sharply, and even though it was a correction, many thought that it was a pretty big dump. however, currently, the price is still in the $39k range. we don't know if the price will return to $20k or not. however, even though it's not based on any sources, at the current state of affairs, I think it's fair enough for a lot of people to worry about bitcoin going down at that price. well, but, I still really hope the price of bitcoin can continue to grow after the price correction that occurred. in fact, I also read a few days ago on cointelegraph that their speculation low was also up to $20k.

Like me, I also hope that the price of Bitcoin will continue to rise. As the price of Bitcoin continues to rise, good fortune will also be experienced by many Altcoins. I'm sure, this year Bitcoin will exceed the price in 2017.

Be realistic, in any investment, even in stocks, it's not possible that we will just always see an asset continues to pump, that's not normal anymore. See as the current market situation as a normal one, in even pump or bull run, correction is always necessary and that is to make the market stronger.

The way Bitcoin is designed we should see it pumping for a long time until it stops but yes it does have a limit to how much it can be worth but we have not got close to that yet.

[Macadonian]

I'm actually hoping it drops below 20k to as low as 10k, so I can be able to fill my bags. The best time to buy Bitcoin is when the whole market is unfavorable and people are panicking about it. This is when institutional investors buy majority of their positions.

Now that institutional investors and companies already in crypto, I don't think that proce will ever go down again at such price. There are already many players involved that will but at every dips that will make the proce higher in time so if we have already left apme then investing it now can be a good investment for the future.

It might fall down to that price a couple of times more but it will not stay there that is for sure because of the reasons that you mention that there are to many people and big organizations like Tesla who are invested in Bitcoin for it to become low price for long.

[2tang]

$20,000 could be possible for a bitcoin to fall, but the thing is when would it happen. Because a wise investor would watch every time of bitcoin price in crypto market and get whenever it could benefit a profit or not. But it could be a big lost for the ones who bought bitcoin above $20,000 if the price won't rise up again.

The price of Bitcoin will always go up after it goes down, because when it's getting harder and harder to get Bitcoin, the more expensive it will be, it's very common to happen because it's like a rare item when there are only a few units, so the price will definitely come back expensive, although been cheap in the past.

[Valak]

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

Polkadot Slot continues to be auctioned, and so many good news continues. Volcanic eruption is coming!!

Buying DOT, KSM, PHA, Do you have any other good advice in Polkadot?

X-Predict Polkadot Web3 project, predicts the market leader.

We also discussed about the end of the decline in the price of Bitcoin after the bull run. If in 2018, the end of Bitcoin price was $5k after the $19k bullrun. But this year's bullrun of Bitcoin price hit $63k, and the end of the drop was $15k. However, whatever the other story with the emergence of web3 and even web5, then it will not dominate the market. Control is now on Bitcoin.

[Macadonian]

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

Polkadot Slot continues to be auctioned, and so many good news continues. Volcanic eruption is coming!!

Buying DOT, KSM, PHA, Do you have any other good advice in Polkadot?

X-Predict Polkadot Web3 project, predicts the market leader.

We also discussed about the end of the decline in the price of Bitcoin after the bull run. If in 2018, the end of Bitcoin price was $5k after the $19k bullrun. But this year's bullrun of Bitcoin price hit $63k, and the end of the drop was $15k. However, whatever the other story with the emergence of web3 and even web5, then it will not dominate the market. Control is now on Bitcoin.

web3 and web5 is nothing to be excited about. Bitcoin will not be hitting 20k for a long time it is not impossible like I said a couple of posts ago but it would take some very negative news and events to bring Bitcoin back down to 20k and then it would only be temporary.

[cricketkhampion]

now I think it is not possible because Telsa accepted BTC I hope BTC will cross 50k$ and you can see Amazone said that i will accept BTC so i think BTC will pump

[Traderbtcc]

It's very unlikely that we might ever see bitcoin at $20k, although time will tell but as it stands bitcoin isn't gonna be dumping to $20k soon, when I thought that would be possible was during the time when China fud was still fresh and effective, e.g the time they banned bitcoin mining, but even during those bad days bitcoin never went below $28k and that's a pass mark unlike in 2017, they rainy days have passed right now the sunny days of pumps are here again.

[Noruka]

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.

Altcoins will always be next when we see the bitcoin rally. Whilst for those people that are waiting for the bargain of bitcoin to hit $20k, we're doubled from that price and we've seen it go half from the past ATH and the highest as of the moment. It is unlikely that we see $20k soon and if it does then that really hits that we're in the real bear market by that time. We saw the bear trap when it's down by $29k and then eventually has recovered so fast. And that gives us some idea that we may not see that price again, hopefully not.

I would say that if nothing completely unforeseen happens, like a real global disaster or some coordinated government attack on Bitcoin, we won't see $20k again ever. Retail investors and institutions would start buying like crazy as soon as Bitcoin drops below the $30k mark because everyone will consider that a huge opportunity. I would also consider it an opportunity. What I am 100% sure about is that we will never ever again see Bitcoin below $10k. For that to happen there must be an event that would kill Bitcoin in its entirety.

That's what the holders are wanting and thinking, we don't want to see $20k again as we've been through a lot and those dips were worth it. Because with such plummets, it made bitcoin stronger and those that have doubted it during those times, they're for sure thinking that it's too late for them already although it's not yet and they have to wait until it bargains again but there's no way to determine if it's going to be at $20k again or under it. While they wait for that which is unlikely, they should buy every dip they see.

That is one way to see it, right? But those who are a bit more experienced by now and know that Bitcoin can drop also could play it quite a bit smarter than newbies. When people say buy the dip, that is quite hard to do for people are brand new to the market. Those who are around for a while can make those judgments with a bit more certainty, never with full certainty because nobody knows what's going to happen tomorrow or next week, but sometimes I consider a dip a welcome opportunity.

[Fivestar4everMVP]

BTC rebounded quickly, shouldn't it fall below $20,000? Good bargain hunting opportunity now.

I personally had hopes that bitcoin was going below $20,000 usd in this recent fall, but it quickly rebounded, and after witnessing this, I did say Yes, bitcoin can fall below $20,000 usd but this will be mildly difficult, it will take a very very bad or negative news to see bitcoin plunge below $20,000 usd again after how quickly it went up from the recent fall, I did say that we might never see bitcoin below $20,000 usd again but then, crypto is highly unstable and very unpredictable, so for sure, no one can really tell for sure whether btc will go below that price range again, but I personally say yes and mildly impossible to happen.