How low can BTC go this time around

[mrongoz_imut]

Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

we have market participants from institution now , and they will be backer when bitcoin price drop alot.so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k. more adoption and legal tender in several countries increase demand from retail investors.

Last lower price drop from bitcoin on $28,000 but right now success reach back to $30,000. Agree with you nothing can stop and make bitcoin drop under $20,000 except bad news from China and usually have bad reputation country make bitcoin drop like United State. I think next month on June have many good news and make bitcoin back to higher price or make new all time high after last year success touch with higher price.

[carlisle1]

we have market participants from institution now , and they will be backer when bitcoin price drop alot.

A good thing that happen to this market, those big players are here to support and collect those cheap coins

they are going to buy more and hold till the market gives them decent amount of profits.

so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k.

Not at all, those two events that cause some fud are just temporal afterwards the market pump high and bring more interest.

more adoption and legal tender in several countries increase demand from retail investors.

More interest and adoption means more money to flow and more increase to value of crypto.

[LUCKMCFLY]

Covid which became big news only made bitcoin go down not too deep, I feel like even if there is bad news that threatens bitcoin it is still not that easy to tear it down. Nowadays bitcoin is almost known to everyone, even without many people knowing some big people I'm sure have started buying the coins they like without us knowing and of course they also have bitcoins to hold.

we have market participants from institution now , and they will be backer when bitcoin price drop alot.so far only covid and china banning that effective shaking market, war between rusian and ukranian not enough to push bitcoin unders $20k. more adoption and legal tender in several countries increase demand from retail investors.

Last lower price drop from bitcoin on $28,000 but right now success reach back to $30,000. Agree with you nothing can stop and make bitcoin drop under $20,000 except bad news from China and usually have bad reputation country make bitcoin drop like United State. I think next month on June have many good news and make bitcoin back to higher price or make new all time high after last year success touch with higher price.

I have been reading some articles where your analysts think that the lowest value that BTC can fall is $10k and that is a very likely price to happen, however I don't think I can get there, for me the lowest price that can fall and that with the maximum fear that investors can develop is $19k, taking into account that the market is very unpredictable but that this can happen, obviously it can be a whole set up of putting out very bad news so that people get scared and sell very cheap, some use these strategies to buy cheap, but do not forget that many institutions have bought expensive BTC and will not give away their BTC.

[trendcoin]

On my opinion, BTC cant lower more then 30k +-. It seems that this is a psychological mark that will be difficult for us to step over.
Im know a lot of ppl who wanna buy it lower then 30k, 20k-10k ;D ;D did u hear it?? Rly they wanna buy it for pennies, but their words end after btc reaches that price, he always wanna lower and lower, in conclusion they never buy

$20,000 was not a dream. As a possibility, these levels were among the alternative scenarios. Today, Bitcoin is very close to $20,000 and those who were waiting for the right price were right. That's why I love this market. Those who calculate the least likely scenarios win. Because the market is constantly hitting the investors from the opposite corner. If I don't get hit from the opposite corner, I hope we don't see a price below $18-20k.

[niceli]

Looks like 20k will not be a big shock to anyone, we are getting there very shortly. I hope that it gets better, its going to be quite tough for us to get there, but its not going to be impossible neither. We are at a stage where half of the market things it is amazing price to buy right now, and they are buying which should make it go up, but the other half thinks that it went so low, there is no reason why it would stop going down, so they are selling and sometimes one side wins and another time the other side wins. I am assuming its going to be buyers at some point, going to take a while, but until then, we are going to keep on falling.

[bitkanu]

as some of market analyst said it could go sub $20k following the past cycle of bitcoin where it could go down like more than 85% of ATH and then recovers back reaching the new ATH,
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.

[Delightcrypto1]

I see btc going down to 18k$ while ETH will be 700$... This is just the starting of the dip. Everyone should buy dip now.

[Lubcub62]

today we saw that the analysis of the experts that bitcoin can reach $21k and it has been done. and now the support is broken again, the downside is likely to continue.
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch

[BuNga_cute]

Looks like 20k will not be a big shock to anyone, we are getting there very shortly. I hope that it gets better, its going to be quite tough for us to get there, but its not going to be impossible neither. We are at a stage where half of the market things it is amazing price to buy right now, and they are buying which should make it go up, but the other half thinks that it went so low, there is no reason why it would stop going down, so they are selling and sometimes one side wins and another time the other side wins. I am assuming its going to be buyers at some point, going to take a while, but until then, we are going to keep on falling.

Although I admit that I am quite disappointed with Bitcoin's current decline, because I did not expect Bitcoin to drop so quickly to a price of $21k.
Even in the near future it is very likely that Bitcoin will touch the price of $ 20k, but I'm one of those people who won't panic if Bitcoin actually drops
to $20k, because I've seen Bitcoin drop very deep and in the end Bitcoin always recovers. Although I also don't know how much Bitcoin price will drop
this year, I certainly still hope Bitcoin doesn't drop below $20k. Because if Bitcoin drops below $20k, there will be panic for investors who are new
to the crypto world.

My advice we don't worry too much about the current Bitcoin price drop, because I believe that no matter how deep the Bitcoin price goes down
it will always be able to recover again. We just need to believe in the future of Bitcoin and hold Bitcoin until the price of Bitcoin goes up again.
It would be better if we now have extra money, and immediately buy more Bitcoin. As more and more people buy Bitcoin, it will make the Bitcoin
price recover faster.

[Argoo]

If I do see it at $35,000 I will take it. That's my buy point right now and while waiting I am trying to save as much money as I can.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.

yes you are right the lowest support point for bitcoin is at 35k, and it is impossible if bitcoin falls below that price. the past few weeks bitcoins have been dropping and have a look, none of them are anywhere near 35k. the price slowly rose after bitcoin dropped at 37k. this means the forces holding back bitcoin are enormous. so it's impossible for us to see bitcoin return to a 4 digit price.

Contrary to some optimistic forecasts, now we see that the price of bitcoin has dropped to the current $22,427 and it is possible that it will continue to fall further. The $35,000 threshold has long been broken. There have even been predictions that soon we will be able to see the price of Bitcoin at $13,000. Earlier, after the price of bitcoin rose above $60,000, there was an opinion that bitcoin could no longer fall in price below $20,000. It seems that we now have a chance to test this theory.

[carlisle1]

as some of market analyst said it could go sub $20k following the past cycle of bitcoin where it could go down like more than 85% of ATH and then recovers back reaching the new ATH,
I doubt it could go as low as below 10k because considering so many people gonna bags at that value.
But the thing is, how long the bearish gonna lasts, and does some of altcoins just gonna get doomed once btc reaches sub 20k because even at this current valuation btc has quite literally destroyed so many altcoins making it down literally more than 95% like some of the shitcoins and this could be either a great news or a bad news.

Shit coins will reveal itself during this bad season. Most will be left by the team behind and communities' frustrations will doom everything.

It's still best to monitor and observe before you do any investment movements. The market is for those who are willing to take the risk. It's

either to scalp doing a short-term trade or a buy now and hold for a longer time. Not easy for every investor who thinks that they can quickly

gain profits inside crypto, most likely they will be leading their investment in losing a big part of their money.

[udidrone]

The reason why people are able to buy BTC for 3500$ was because of the covid panic of 2020 if not I don't believe that BTC could ever get that cheap, now how low do you think BTC can get to in the next bear market? It will be stupid to expect BTC to get down to a very deep price range again.

Based on a post made a few months ago or more precisely April. At that time btc was between $38k - $40k and now btc has reached $22k or has decreased about 40%. Of course no one would have thought that bitcoin would experience a correction to this deep. My 40% drop is a pretty deep drop for tens of thousands of usd worth of coins. And news about covid has started to decline, whether bitcoin will survive or experience a deep decline as the economy recovers without any more panic.

[Smitty Werben Man Jensen]

If I do see it at $35,000 I will take it. That's my buy point right now and while waiting I am trying to save as much money as I can.
You said it, we might not see it at a very low price and even at all the economic drops it still manages to stay at this value. More trust is coming and we can say this is the new world of cryptocurrencies where investors will purchase anything that is crypto related especially Bitcoin.
Don't expect 4 digits because that might not happen anymore.

yes you are right the lowest support point for bitcoin is at 35k, and it is impossible if bitcoin falls below that price. the past few weeks bitcoins have been dropping and have a look, none of them are anywhere near 35k. the price slowly rose after bitcoin dropped at 37k. this means the forces holding back bitcoin are enormous. so it's impossible for us to see bitcoin return to a 4 digit price.

Contrary to some optimistic forecasts, now we see that the price of bitcoin has dropped to the current $22,427 and it is possible that it will continue to fall further. The $35,000 threshold has long been broken. There have even been predictions that soon we will be able to see the price of Bitcoin at $13,000. Earlier, after the price of bitcoin rose above $60,000, there was an opinion that bitcoin could no longer fall in price below $20,000. It seems that we now have a chance to test this theory.

However, such theories cannot be used as guarantees and we need to see firsthand what kind of movement in the market,
It is important to keep abreast of market developments and movements at all times,
I don't know to what extent the price of Bitcoin will go down

[Sayeds56]

today we saw that the analysis of the experts that bitcoin can reach $21k and it has been done. and now the support is broken again, the downside is likely to continue.
as stated in the news from this cointelegraph source, $btc has the potential to drop to $13k. Sourch

The Bitcoin is already more than 70% down from its all time high of around $67K and market experts think that it can fall further and might break 20K level which is considered very strong support. Today FED is expected to announce further increase in interest rate to the extent of 75 basis points as expected which is will be very negative for all financial markets including crypto. Let's watch how Bitcoin reacts to this news.

[andyou1234]

It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent  and there is no sign of it yet the market will recover.

[nakamura12]

It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent  and there is no sign of it yet the market will recover.

No one can but one can predict either correctly, almost exactly the same as the price or never got it right. What you said that it will drop to $21k mark is also a prediction. As I see that the current price is even lower than $21k as I post this one. I hope that it will not decrease more until it decrease to below $20k. Current price is at $20k+ and if it decrease then it os more likely to be below $20k which I think a good pricebyo start a plan to buy and hold long term.

[cheezcarls]

As of this time, we’re now close to breaching the $20k mark and may probably go down much lower than that. We cannot really predict on what is going to happen right now in the cryptocurrency market, but I am sure that for those of you who are waiting for this moment for Bitcoin to go down even lower and buy the dip, this is your chance.

I have bought some BTC last month at $30kish, and I don’t mind about the losses right now. I’ll just keep buying and accumulating more Bitcoin every month with my extra funds until the big rain comes. Despite that there are no guarantees or promises, I can feel that it will bounce back once again in the 2nd half of this year. But we have to be ready by any means necessary no matter what happens to the price of Bitcoin in the future. Just only invest and trade what you can afford to lose.

[raidarksword]

I hope 20k is the bottom and we already hit it. With so much recession, inflation, and economic crisis crypto as well were affected, so I am not surprised at all that market not yet recovering few days from now. Besides, bear market as well is one of the big reasons we hit the bottom of bitcoin this week. Really hoping we can have a green candles for a bit of hope of small recovery.

[WalkerIVIV]

I hope 20k is the bottom and we already hit it.

People think that the rate above 25k has become the bottom but it keeps hitting another bottom from day to the another day. Im pessimistic about that.

With so much recession, inflation, and economic crisis crypto as well were affected, so I am not surprised at all that market not yet recovering few days from now. Besides, bear market as well is one of the big reasons we hit the bottom of bitcoin this week. Really hoping we can have a green candles for a bit of hope of small recovery.

It may take years or even more. Remember that the world is in so many problems. War everywhere and people have been facing multiple disasters started from the inflation, crisis and many more. The countries need to be very healthy to make people will be interesting to buy crypto again.

[kapalmabur]

It is very difficult to predict with certainty how low BTC will fall this time, but if you look at the current market developments it is very likely that BTC will drop below the $21k mark, because until now the crypto market is still experiencing a permanent  and there is no sign of it yet the market will recover.

That seems to be the case because now the Bitcoin price has dropped to $20k,
I don't know how far the Bitcoin price will go, considering that the market is still bearish.
it's better to just keep abreast of developments and market movements