How low will BTC's market price go?

[Paul Pogba]

The pressure is not over and it looks like the price has a chance to go down, there are too many FUDs and make many panic, the FTX case is like a time bomb that can explode at any time so that we must always be vigilant, it is better to store assets in a private wallet and wait for the cold situation before returning to exchanges.

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[mich]

Well we can’t really say how low will BTC's market price go which is why I understand some investors are very concerned with buying on the dip and selling on the high.  My focus these days is more about finding investments opportunities I firmly believe in and hold long.

For example, as a strong believer in Bitcoin I have rarely fixated much on the price. I have bought at high points and low points but have consistently made money. I think this strategy has served me well because it take away the guess work and greatly reduces risk.  

[fzkto]

Well we can’t really say how low will BTC's market price go which is why I understand some investors are very concerned with buying on the dip and selling on the high.  My focus these days is more about finding investments opportunities I firmly believe in and hold long.

For example, as a strong believer in Bitcoin I have rarely fixated much on the price. I have bought at high points and low points but have consistently made money. I think this strategy has served me well because it take away the guess work and greatly reduces risk.  

It is a good strategy to constantly buy and accumulate bitcoin, no matter what price you buy it at. It's probably the best investment at the moment, especially when you can buy at a low price like now. Few people realise that the lower the price falls, the more you can buy so that you can sell for much more in the next cycle. So guessing the bottom doesn't make sense. It is better to think about buying as much as possible.

[BITCOIN4X]

It is unlikely that early investors would lose faith in bitcoin if it suddenly became worth $5,000-7,000. Bitcoin in the last cycle fell to $3,100 and was also considered to be the end of the bitcoin era. Extremely low prices only deter market tourists and investors with little conviction. Diamond hands, it seems to me, will hold on to the last, and then sell their bitcoins to the general public at the next ATH.

I always believe a strong hand will be willing to be a holder for a longer period of time.
In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.

It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.

[erep]

I always believe a strong hand will be willing to be a holder for a longer period of time.
In fact I really believe they are not going to lose faith in bitcoin just because the Luna and FTX cases have had an impact on the bitcoin price.
For them bitcoin remains potentially more expensive in the long term and as you said, they will sell in the next ATH cycle and take huge profits.

It's up to them whether now many people have lost faith in bitcoin or not but I would have no doubt that bitcoin has a better future especially as the impact of the market will soon lessen over time. Buy bitcoin now and hold it is a better thought than just watching.

Luna and FTX cases are not the biggest cases in the history of cryptocurrency but many other big cases have been resolved because community trust in crypto will never decrease, but for the recovery process from big cases it takes time because hacking cases of exchange wallets can worsen crypto prices unless assets are frozen and any transactions from that wallet will not accept deposits to any exchange. However, many people do not take advantage of Bitcoin's very low price to invest and they will regret it if the price level increases significantly in the following year.

[Wexnident]

I reckon it can still go below, FTX was unexpected really I expected we bottomed out with the $16k in October but we still went below that, and the FTX issue seems to still be in effect, so maybe around $13, $14k? Wouldn't expect it to go below $10k though. We'd probably need a piece of bigger news than FTX if Bitcoin ever wants to go below $10k. The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.

[traderethereum]

I reckon it can still go below, FTX was unexpected really I expected we bottomed out with the $16k in October but we still went below that, and the FTX issue seems to still be in effect, so maybe around $13, $14k? Wouldn't expect it to go below $10k though. We'd probably need a piece of bigger news than FTX if Bitcoin ever wants to go below $10k. The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.

I also think so because I see this FTX case is not finished yet and there may still be a continuation and if it is bad news, it will likely impact bitcoin.
We have to be prepared for whatever is going to happen in the future and if that means the price of bitcoin will drop again, we can prepare some money to buy at a low price.
But I'm not sure if the bitcoin price will go back below $10k because that could create huge chaos in the market and people will panic more than before.
The important thing is that we know what to do if the market moves later so we can take advantage of it ourselves.

[Oshosondy]

The market is back at $16k recently which I hope stays, but either way, DCA is your friend at this time, I see no need to wait till the bottom to invest, pretty sure most would call this period of time in general the bottom for the market anyway.

The resistance at $16000 has been very strong, it went down to $15400 last weekend but increased back to $16500 during the weekdays, above $15000 has been the bottom for now and not going further down. Bitcoin price could surprise people during sharp and rapid fall, but I guess this may not happen this time until after the next bull market. Even if anything happens that further declines bitcoin price, the fall is not going to be much, buying bitcoin right now will not be a regret in few years to come.

[Kadal Ijo]

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

[onecall123]

The market may bottom out or prepare for 10K based on how this month closes. I do not think that 10k~11k is a bad investment if you believe in the future of bitcoin. There is a lot of imbalance on the charts after the previous ATH rally, and that imbalance must be filled by FUDs and frauds this time.

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

The last news won't convince any institutions to buy crypto anytime soon or until regulations are put in place.

[ajiz138]

We wait 2 or a maximum of 1 month whether the movement of Bitcoin will go up or down, I'm sure when the FTX issue ends, the investor can determine the attitude and enter the market again, speculation on social media says that bitcoin has the opportunity to drop below $ 15k, hopefully things This did not happen and we immediately saw the price of rising again.

1 month won't affect the bitcoin price and it will still be below $20k so it's not an increase anymore but bitcoin is still at the threshold price because it was influenced by the FTX issue which collapsed and this FUD still continues to affect some investors who are out of their investment zone in bitcoins.
Speculation on social media will never end and everyone keeps talking about bitcoin's price floor and hold if you believe in the future then do entry now it will be much better than waiting for an unclear price.

[Nrcewker]

I am expecting around 25k usd by the end of this year. If BTC anyhow manages to keep the pace and touch 30k usd by the end of this year, then definitely we might see something big next year. Else if Bitcoins keeps on crashing like this, then the situation will be very critical. Currently we shouldn’t consider any negative thoughts. It’s best to take advantage of the situation and buy as many coins as we can. Hope the price rises again soon, and we enjoy with great profits.

[hugeblack]

There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

[DudeAtWork420]

In general BTC stay in a bear market and find its bottom next year of the bull season. Another indicator is when most of the people will say BTC is scam and many will thinking about quite the industry then BTC market find its bottom. I think another major event can crash the price to another 40% so that rest of the investors take a major shock and sell off their holding in panic.

[jostorres]

I think anything above 15k is a reasonable point from here on out. I mean it could be under 16k as well, and reach to like let's say 15.3k or whatever, those are looking like a possibility, but as long as it stays above 15k, under that and we are breaching under a psychological level, it could go as low as 10k and that's risky, like going to 15.3k is one thing, going to 11.7k is a whole another topic and would be quite a difficult handle as well. Hopefully, we will do a lot better in the long run and not even drop that low, just stay above 16 and then go to 20k and then to 30k and so forth and break the ATH price but I fear that's not going to happen anytime soon.

Every price must be at a reasonable point, why? Because I remember people said the same thing when the price was at $20k, $19k and $18k. A new dump level is only hard to accept at first but people can always get used to it soon. When the price dumps below $15k, it does not automatically mean that it will go straight to $10k but there are times that the dumping are going to stop and there will be a time for recovery so don't worry now.

Whatever the price will be, we should be matured enough to accept it and don't complain about. If the the price is low, just invest for more but if it pumps then sell. That should be the practice that everyone must do. There is no need for a drama.

[KennyR]

There is a general rule that says when the bad news increases, this means that the end of the bear market is near, and therefore as long as this news continues, we are about to end the bear market and thus approach the best point to enter and buy in large quantities (if we have not reached it) or in other words, the bottom.

Therefore, expectations for the bottom are either that we have reached what or we are very close.

In the past when bad news strikes the market, the same gets spread around in different ways with some exaggeration. This further leads to more other bad news and such scenario used to be a way to manipulate the market and keep it on the downturn. Finally at some point the Whales take advantage of the market. Now the better understanding keeps people away from such spreading which is the reason it is mentioned higher the bad news circulating, we're nearing the end of bear market.

[Minecache]

I hope BTC doesn't dip below $10k, or we'd be "toast". Most people are only into Bitcoin because of the price, so a major downfall would surely scare away the general public from investing into it. This will result in loss of confidence as we speak. Why do you think people still trust Gold these days even when there's Bitcoin in play? People trust Gold because it has never experience (AFAIK) a huge downfall in price, making it a stable and reliable store of value. You'd just invest into Gold, forget about it for a couple of years, and then come back with your money nearly intact (Gold is volatile but at a much lower rate than Bitcoin). If Bitcoin were the same, things would've been different by now.

At least, we all know prices won't be down forever. The next halving comes in 2024, so it's likely market prices will rise after that. If you buy BTC at cheap prices now, you'll be able to reap the benefits in the future. Who knows how far will the cryptocurrency go? Just my thoughts

If you believe in bitcoin then you should raise your glass when bitcoin price hits 10k, I will do the same if bitcoin drops to 10k. Although many people will leave the market thinking that bitcoin is on the verge of death, sometimes the fear of others gives us an opportunity. If everyone has a strong belief in bitcoin and no one wants to sell their bitcoins then we won't have a chance to collect more bitcoins. The marketplace is a battlefield and it's inevitable.
The market needs to get rid of weak hands and needs to attract new investors, which is a sign of a stable and developed market.

If bitcoin is stable like gold, I don't think it will be good for bitcoin because people look for bitcoin for its profit, if bitcoin is stable, I will choose gold over bitcoin because gold is more widely recognized and popular.

[Abiky]

Well we can’t really say how low will BTC's market price go which is why I understand some investors are very concerned with buying on the dip and selling on the high.  My focus these days is more about finding investments opportunities I firmly believe in and hold long.

For example, as a strong believer in Bitcoin I have rarely fixated much on the price. I have bought at high points and low points but have consistently made money. I think this strategy has served me well because it take away the guess work and greatly reduces risk.

The global economy hasn't recovered yet, so there's more room for Bitcoin to dive lower in market price. Only those who're able to buy and "hodl" BTC no matter the circumstances, will be able to achieve great results in the future. As you've said, it's time to focus on accumulating BTC regardless of the price. This is a method often called "Dollar Cost Averaging (DCA)". You'd ultimately win following this strategy once market prices go all the way to the moon.

No one knows when the "big pump" will come, especially when the crypto market is widely unpredictable. My guess is that everything will go back up again after the Bitcoin halving of 2024. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my opinion

[peter0425]

What would be your predictions? Your input will be greatly appreciated. Thank you.

this will continue this year and the next but at least we must be happy as the 2-3 years there will be light again as 2025 is near to come.

at least  10k is what i can see in this market before it settled to increase again and may start run for new ATH because if we will look at the table we will find that those event from the list are a pain in the market and not only for Bitcoin but for the whole world economy .

In general BTC stay in a bear market and find its bottom next year of the bull season.

wait what ? bottoming next year of the Bull reason? can you explain this please?

[Charles-Tim]

In general BTC stay in a bear market and find its bottom next year of the bull season.

wait what ? bottoming next year of the Bull reason? can you explain this please?

This is what I think he meant:

Assuming bitcoin got to all-time-high in 2017, decreased below $4000 in 2018, 2019 and 2020. Although, the lowest price during the period was still in 2018 which was around $3100 to $3200 or so, while it decreased to around $3800 in both 2019 and 2020. Those price were very close to 2018 lowest price. Probably he is thinking something like that could still happen this time too, or to the extent their could be bull run which can be followed by a bear market that bitcoin price may decrease further below the recent lowest price.