Is Bitcoin Going To Fall Below The Previous 20k ATH possible?

[borovichok]

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

What do you guys think? Is the previous ATH price ever going to be broken?



Is Celsius liquidation price going to be the bottom?





The only reason you should hodl and not panic sell.

In 2017, we thought 20k was crazy high, today we think 20k is painfully low. The industry is growing.

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k 

[1715449749]

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[1715449749]

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[BitMaxz]

Bitcoin is too volatile no one knows what will be the price of Bitcoin and this is not yet the right time to decide if $20k is the bottom price of Bitcoin.
Bitcoin blockhalving is a good time to invest lo because if you know the Bitcoin price history you should notice that thing.

Check the chart from this link https://en.wikipedia.org/wiki/History_of_bitcoin then scroll down.

As you can see Dec 2017 reach the highest price of around $19k and the price dropped last December 2018 to around $3.3k so I don't think that $20k is the bottom price so there is still a big possibility that the price of Bitcoin this year will drop more. I'm not FUD it is just my own analysis based on Bitcoin price history.

[KennyR]

After an ath, the previous ATH hasn't broken till date. This time the chances are quite high. The price of bitcoin have fallen from the value around $68k reaching $20k. This has happened out of different reasons. The Ath was reached during the month of November, 2021. Now we're just seven months away and we've been close to the previous ATH after hard resistance at specific price points of $43k and $28k. Same as that it can happen around $20k before further drop.

[jossiel]

Bitcoin has never changed.

It has always been volatile and the price changes from time to time without us knowing where it will stop on its support. Right now, it seems the $20k was the actual support but we don't know if it will be broken, maybe today or tomorrow or by the next day.

That's one thing for sure that as you've said, "the impossible becomes feasible".

And that's how we must think that everything can happen unexpectedly.

[CryptoHeadlineNews]

The price is at its critical point right now with a  resisting $20k pullback, but till then no one can vividly predict it wil fall or not fall below the $20k, because since yesterday i have been observing the price movement thinking it will go up but it never did and also thinking it will fall but it also never did. So right now no one can tell

[cabron]

The price is at its critical point right now with a  resisting $20k pullback, but till then no one can vividly predict it wil fall or not fall below the $20k, because since yesterday i have been observing the price movement thinking it will go up but it never did and also thinking it will fall but it also never did. So right now no one can tell

Can't say the $20K is the bottom because it may still dive again. But many are saying that for now there is chance that it may first rise and from there it could plummeting again or continue to stay there longer. But this analysis is still a complete BS since its not saying anything where the market is really going.

If an individual have some fears that if the price dips to $15k, he will lose more money and may not survive in the next 3-5 months, he  will sell which I guess the whales will be happier that another one bites the dust.

[rhomelmabini]

People will say "I really wanted that $20k level, I'll buy when it goes that way". And, here we are and people still wanting it to even go lower. It may dive but it may straight to the upside too, this market is very tricky and if you aren't that ready on both scenarios, you're the loser. Historically we haven't have any significant huge losses in the past years even during the COVID crash last March 2020, it may signal a more bearish sentiment but it could signal the other one. It's a two edged sword.

[Darker45]

It is possible. It used to be just possible, but at this very moment it is becoming possible by the minute. The price right now is just a little above $20,000. Any minute from now, it could fall down from it. It's only a few hundreds that's holding this $20,000.

But, again, there's really nothing to worry about. To those who've been HODLing up to this point, there is really no point selling. To those who are afraid of buying, it will probably just take months before you look back and realize that it's a good decision.

[Smack That Ace]

If bitcoin breaks the old 20k ATH this is unprecedented in crypto history, this year's crypto market also witnessed a series of unprecedented events such as the top coin Luna took only 3 days to reach zero and recently the world's largest crypto fund 3AC also collapsed. Best we prepare ourselves for the worst, my prediction bitcoin will continue to drop below $20k, maybe $15k bottom this time.

[hd49728]

It is very possible if we see at least Celsius has liquidation price below $14,000. If we accept the fact that market makers and exchanges will set up traps for liquidations against their users, we can more easily to be opened with scenarios that they will do the same for Celsius, 3 Arrows Capital. They are not very different than us, just have bigger capitals.

Bigger capitals mean exchanges will earn more by liquidating those entities and their over leveraged positions. From $20,000 to $14,000 is only 30% down that is very likely to happen.

In addition, Volume Profile or wallet cohorts supports the possibility of price fall to $14,000.

[pooya87]

What do you guys think? Is the previous ATH price ever going to be broken?

It is hard to say because the correct question in my opinion is to ask "How many newbies are left who want to follow the US economy crashing and sell their bitcoins instead of buying more?".

As I've said before, this is not a normal drop. This is a clear case of panic sell simply because over the past year people have been brainwashed to believe that bitcoin should suddenly start following US stock market after 13 years of not following anything. So they panic sell whenever a crash occurs on the other market.
Funny enough these people ignore the fact that last time the discussion about this fake correlation was heated bitcoin soared while that other crash continued.

[mk4]

It's your call. I don't know either — but if I were to be forced to answer this question, I'd say 70% yes, 30% no. If the economy further becomes worse (which is likely the case imo), despite bitcoin being quite 'low' already, people might end up being forced sellers to be able to afford food and bills and such.

[coinmanhere]

One real truth Iearned in crypto world is no body can predict anything but everyone think they can predict everything.

[Wexnident]

It's not impossible. I'd say it wouldn't be likely to fall anymore since we had a huge drop, but that's probably just me in copium since if it was actually what I imagined, we'd see a bit of recovery at least to $23k or $24k and yet we're still hanging around $20 right now, or maybe I'm just rushing it and we'd see it after a few more days. Bitcoin is just that volatile though, big drops are something natural especially if fud gets to newbie investors.

Just keep the hodl up.

[Renampun]

if Bitcoin gets past the $20k wall then the possibility for bitcoin to continue to fall (below $20k) will be very large...

however the market is still in the bear zone, so anything could happen in the next few days (bitcoin goes below $20k or goes up past $25k). everyone who hopes to have a chance to buy bitcoin at $20k (when bitcoin hits $60k) should remember their hope because this is the best moment lol.

[legcramp]

Downnnnnnn

[LegendaryK]

Pop goes the BTC.

just dropped to $19K , next support level $13K.

[KaliLinux]

In crypto, the impossible becomes feasible, and the past becomes the present! The 20k support has been strong, and no time in BTC's history has the price fallen below the previous ATH. I've been thinking about this recently, but I know it'll be bad if the 20k support is broken, as BTC could fall to 15k or even lower.

What do you guys think? Is the previous ATH price ever going to be broken?



The only reason you should hodl and not panic sell.

In 2017, we thought 20k was crazy high, today we think 20k is painfully low. The industry is growing.

Well, the Bitcoins price just broke the weekly 200MA down around $19k+, though we still have about 2 days to the end of the week and if the price doesn't close about the weekly 200MA what will the price be looking at cos that was supposed to be strong support. Are we looking at going down to around $12k?  

[passwordnow]

Pop goes the BTC.

just dropped to $19K , next support level $13K.

Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.

Downnnnnnn

Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.

[borovichok]

Prepare to be shocked!!! In a few days, we'll be doing a 10k!! History has been shattered in front of our eyes, and Bitcoin may never recover over $40k till the next halving... In two years, we'll see each other again.

I will finally own 1BTC when it drops to $8k