How low can BTC go this time around

[Sayeds56]

The value of Bitcoin has several implications on the general cryptocurrency market. As the downtrend continues we've had a substantial reduction in the coin market capitalisation and the price of most altcoin are in their lows. I really do hope that there's a change in fortune as I see bitcoin approaching $15,000, in few days.

$15000 will be the last bottom and will be a very strong support in my opinion,
because Bitcoin is also down 70% from ATH now, big investors like institutions too I'm sure they will keep the price of bitcoin,
but I don't know because $20k is already broken and we are in $18k, hope there's a rebound this weekend

You could be right. We did see a little rebound over 20k but we aren't out of the woods yet. I have some cash on the side to buy ETH if it falls under 500 and ICP if it falls under 5 usd.

Well said. 20K is certainly a strong support but unfortunately it was broken. I think the prolonging war in Ukraine, rising inflation, fear of recession  & frequent interest rates hikes & declining Stock markets have contributed to this huge decline in Bitcoin price. As long term investor I am not much worried because bearish run will end as soon as overall bearish trend is reversed.

[1714509954]

1714509954

[1714509954]

1714509954

[indo1]

As long as there is no news worse than covid that we are facing in 2020 we will not be able to get cheap like what you mentioned. Over time cryptocurrencies have also evolved with more and more people believing that the fundamentals of crypto coins are indeed very strong. I think we don't need to expect the price to be too low or we won't be able to buy in the current bear market, it's better to get a little higher price with a definite profit in the future.

[jeha2015]

As long as there is no news worse than covid that we are facing in 2020 we will not be able to get cheap like what you mentioned. Over time cryptocurrencies have also evolved with more and more people believing that the fundamentals of crypto coins are indeed very strong. I think we don't need to expect the price to be too low or we won't be able to buy in the current bear market, it's better to get a little higher price with a definite profit in the future.

maybe reccession news that regularly spread in market will be main trigger price keep dropping no matter  how long it will stopped. but so far current price was cheap for enough for long term investment purpose. alot people expecting bitcoin price could drop to $10k , and in my opinion possibility to happen is low. if compared with previous high price we are in good level now to buy.

[NewRanger]

The value of Bitcoin has several implications on the general cryptocurrency market. As the downtrend continues we've had a substantial reduction in the coin market capitalisation and the price of most altcoin are in their lows. I really do hope that there's a change in fortune as I see bitcoin approaching $15,000, in few days.

$15000 will be the last bottom and will be a very strong support in my opinion,
because Bitcoin is also down 70% from ATH now, big investors like institutions too I'm sure they will keep the price of bitcoin,
but I don't know because $20k is already broken and we are in $18k, hope there's a rebound this weekend

its strong support based on high time frame and not visit yet for many years. If this level not broken , trend reversal will happen immediately. Today looks like huge investors or whales want to push  bitcoin price. Institutional will fill their bag in this level.