What is the lowest level for Bitcoin now?

[examplens]

OK, we are in a bull season, we still don't know how long it will go, but it is clear to everyone that at some point there will be a correction. After the previous bull run when BTC touched ATH $74k, we saw a pullback to (if I'm not mistaken) $20k in one brief moment. Last time the resistance point was around $50k. After that, he broke the $100k mark.

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

[yhiaali3]

I'm not entirely sure but according to an article I read on CoinMarket there are strong support points at $95,000, $90,000 and $85,000 if bitcoin can break the last resistance it could drop to $72,000 according to some analysts.

Despite the short-term downward trend, Bitcoin’s technical analysis suggests the price is consolidating within a larger uptrend. The recent market correction came after the Federal Open Market Committee (FOMC) meeting, where market reactions suggested this was a shakeout rather than a reversal. CrypNuevo, another analyst, pointed to key support levels, such as $85,000. If Bitcoin falls below this, it could lead to a deeper correction, possibly down to $72,000. On the other hand, the $90,000-$95,000 range has been a strong support level, with significant buying interest emerging during price dips.

https://coinmarketcap.com/academy/article/bitcoin-social-sentiment-hits-yearly-low-as-price-faces-correction-signals-potential-recovery-above-dollar100000

However these scenarios seem weak and unlikely at the moment in my opinion as we are heading towards big news at the beginning of the new year with the Trump administration starting its work which now has the largest number of supporters of bitcoin.

[target]

Unless this 107k is already the peak of this bull run then we can assume the lowest could be somewhere around 50k. Normally they see the resistances and support levels are where it might push the price up again but break outs can happen.

If I have to prepare for the worse, 31k  will be the lowest point. Beyond this price, I think people will be disappointed already and will leave BTC to the OGs. 17k is tragic for the holders.

[LogitechMouse]

---
Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

The Yellow Line in the picture is the 50 Daily Moving Average, and it seems like there are many times where Bitcoin is touching it, but it doesn't end up below that line. I believe that the yellow line will act as the support in the short to mid-term. That's at around the $95,500 price level.

If we stay below that yellow line for days, we might see Bitcoin reaching as low as $90,000 yet again, but with the year nearing to its end, I expect January particularly the start of it to be a bullish one, and I expect that in a few days to a week, we will see Bitcoin going to $100,000 yet again.

[SmartGold01]

OK, we are in a bull season, we still don't know how long it will go, but it is clear to everyone that at some point there will be a correction. After the previous bull run when BTC touched ATH $74k, we saw a pullback to (if I'm not mistaken) $20k in one brief moment. Last time the resistance point was around $50k. After that, he broke the $100k mark.

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

As we know the market is filled with possibilities and anything can likely happened within the shortest range, and we can't give full assurance to what it may gives birth after now. And of course the market can turn down to any point were we can't expects it would be, and for the market to remain this long in one position that means breaking out is so sure within some moments.
Since the market already experienced 108k and the pullback hit it back to 92k and there is every possibility that before new year evening something magical might likely happened.

[hugeblack]

It is usually determined according to the ATH. If ATH is $107,000, a correction of 60% to 80% will determine the bottom. Therefore, the $24,000 levels are the lowest at the moment, or $80,000 to $48,000 if the new ATH is between $100,000 and $200,000.

[examplens]

It is usually determined according to the ATH. If ATH is $107,000, a correction of 60% to 80% will determine the bottom. Therefore, the $24,000 levels are the lowest at the moment, or $80,000 to $48,000 if the new ATH is between $100,000 and $200,000.

At the time of entering the ETF, we were at about $40k. Then they started to buy en masse, and somehow because of that, I am convinced that it will not go below their investment threshold. Of course, unless they try to manipulate the market by selling heavily to buy on deep later.

[Stompix]

Is there any reasonable theory as to where the lowest point is now that Bitcoin will no longer go below?

0 since technically it doesn't cost you to own and store bitcoin.
Remember how oil went negative back in 2020? If someone would have told you that you would have called him crazy or lunatic.

Bitcoin is not magical either, it will react to the markets, if nukes start flying it drops like a stone, we enter a recession it will go below it's previous ATH just like it did before, markets are so intercorrelated that any ripple effect will be felt in crypto too, there is no price barrier or anything that will hold if we have a rout as we had before, multiply the events from February 2022 by three 4 times and we will visit those levels in a flash.

[examplens]

0 since technically it doesn't cost you to own and store bitcoin.

From that perspective, it doesn't even cost anything to keep paper money, it can be just an ordinary old shoe box.

Remember how oil went negative back in 2020? If someone would have told you that you would have called him crazy or lunatic.

Bitcoin is not magical either, it will react to the markets, if nukes start flying it drops like a stone, we enter a recession it will go below it's previous ATH just like it did before, markets are so intercorrelated that any ripple effect will be felt in crypto too, there is no price barrier or anything that will hold if we have a rout as we had before, multiply the events from February 2022 by three 4 times and we will visit those levels in a flash.

Rather, I would say that Bitcoin retains its value in relation to the inflation that fiat currencies have. For example, 15 years ago, $1000 had a much stronger value than it does today.
It was 2020 that significantly pushed Bitcoin up. After the initial drop due to the declaration of the pandemic and lockdown, BTC reached the ATH by the end of that year.

[Stompix]

0 since technically it doesn't cost you to own and store bitcoin.

From that perspective, it doesn't even cost anything to keep paper money, it can be just an ordinary old shoe box.

Yes, so has at any time paper money value gone negative?

Rather, I would say that Bitcoin retains its value in relation to the inflation that fiat currencies have. For example, 15 years ago, $1000 had a much stronger value than it does today.
It was 2020 that significantly pushed Bitcoin up. After the initial drop due to the declaration of the pandemic and lockdown, BTC reached the ATH by the end of that year.

You asked how low it could go, not how will it be priced after the event that will trigger the dump.
Remember that it was supposed to never trade before the previous cycle ATH, that went down to mythbusters, it was also supposed to counter inflation yet it went down during the highest inflation time, it was supposed to benefit from a crash in the banking sector or stock market it went down it them, so again, if you ask theoretically how low it can get you need to explore two scenarios
- how low can bitcoin get in  calm no war not recession economy
- hw low can bitcoin get if China invades Taiwan

[hugeblack]

At the time of entering the ETF, we were at about $40k. Then they started to buy en masse, and somehow because of that, I am convinced that it will not go below their investment threshold. Of course, unless they try to manipulate the market by selling heavily to buy on deep later.

When the price dropped to $15k levels, the average investment of most investors was above $20k, so we can see a correction more than $40k levels.

0 since technically it doesn't cost you to own and store bitcoin.
Remember how oil went negative back in 2020? If someone would have told you that you would have called him crazy or lunatic.

WTI futures contract were but technically this cannot happen to the spot price. For example, on that day Brent price was ~$26.

[Stuart]

So far, the price of Bitcoin has gone to the lows of $93k and still striving to hold and be above that price. The year is almost ending and a new year kicking off with the administration of President Donald Trump. I think Bitcoin might go to the lowest of $90k or at most $85k, because we are talking about the lows Bitcoin can experience during this little pull back/correction. The time for Bitcoin to go below this price marks is too short. Except the administration of President Donald Trump is not in favor of the crypto industry and Bitcoin.

[armanda90]

So far, the price of Bitcoin has gone to the lows of $93k and still striving to hold and be above that price. The year is almost ending and a new year kicking off with the administration of President Donald Trump. I think Bitcoin might go to the lowest of $90k or at most $85k, because we are talking about the lows Bitcoin can experience during this little pull back/correction. The time for Bitcoin to go below this price marks is too short. Except the administration of President Donald Trump is not in favor of the crypto industry and Bitcoin.

Bitcoin price looks not stable yet and most lower price for today around $93k, looks not close opportunity for bitcoin will drop under $90k but have many flash pump for bitcoin after getting lower price.
Donald Trump left few days later will be US president and huge impact for bitcoin will return back to higher price, I think bitcoin if get huge dump in last several days later have opportunity for bitcoin will increasing or recovery drastically when Donald Trump finally become US president.

[examplens]

0 since technically it doesn't cost you to own and store bitcoin.

From that perspective, it doesn't even cost anything to keep paper money, it can be just an ordinary old shoe box.

Yes, so has at any time paper money value gone negative?

I have personally experienced an economy where paper money becomes worthless a week after the first printing, i.e. worth exactly 0 points. Inflation that was measured in thousands of percent per day

You asked how low it could go, not how will it be priced after the event that will trigger the dump.

OK, I just listed some examples and Bitcoin's susceptibility or resistance to them.

[milewilda]

It is usually determined according to the ATH. If ATH is $107,000, a correction of 60% to 80% will determine the bottom. Therefore, the $24,000 levels are the lowest at the moment, or $80,000 to $48,000 if the new ATH is between $100,000 and $200,000.

Basing up on history then these are really that potential drops on which this is something that Bitcoin could be able to reach out or goes down but of course we do know that in each year cycle or any possible trend then we dont really know on how deep it would be in speaking about the numbers where Bitcoin could be able to correct and thats why its really that hard to make or draw up some conclusions on whats the current price that we might be able to go down. Thing here is that you do really know at least on what you are doing at the time or moment that it do corrections on which it is to make out some accumulation or buybacks. Never tend to missed that one out because at the time it do happens then you will be having such kind of regret.