What is the lowest level for Bitcoin now?

[Stompix]

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

Technically, but we have seen hw this works, spot prices dropped to $12  actually and this because this is was oil in a  deposit ready to ship compared to futures, so the price for storage was paid and the oil was secured in a place , that's why I said cost will determine the lowest value.

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

Maybe per month, not even Hungary in 1946 has inflation in the thousands per day, that would mean your country would have had worse inflation by a trillion times  than  Hungary had the entire year in just a week.

[Asiska02]

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.

If bitcoin gets as low as $17K, I am also scared that many people will lose trust in bitcoin and we might see a reduced number of holders in the future. In the history of bitcoin, there is always a predicted price that even when the bearish market has began, bitcoin won’t go below that price. $17K is such a very low price that many people will be pessimistic about the whole bitcoin thing and would prefer to sell off their holdings. $31K is a more realistic price though even if it is too low in my own opinion to see bitcoin going back to during the bearish season.

[MrSpasybo]

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?

I am unable to predict the future or provide financial advice. I can only present some of my observations based on the models I am using to track the market.

1. According to the parallel channel, I believe that if BTC price continues to decline, $70K will be where it receives strong support to prevent it from falling out of the uptrend.

2. Assuming we will have a correction wave for the growth wave from $16K to $108K, Fibo 0.382 ~ $51K and Fibo 0.618 ~ $32K will be the price zones where BTC will receive support after falling out of the uptrend.

I do not expect BTC price to retest $70K or $32K. I hope BTC price will continue to move sideways and altseason will take place successfully in 2025.

[UNIVERSE]

If bitcoin gets as low as $17K, I am also scared that many people will lose trust in bitcoin and we might see a reduced number of holders in the future. In the history of bitcoin, there is always a predicted price that even when the bearish market has began, bitcoin won’t go below that price. $17K is such a very low price that many people will be pessimistic about the whole bitcoin thing and would prefer to sell off their holdings. $31K is a more realistic price though even if it is too low in my own opinion to see bitcoin going back to during the bearish season.

If Bitcoin price dropped to $17k, people may lose interest in Bitcoin. It is too big decline, people will be afraid to invest in Bitcoin anymore. Considering the current ETH of Bitcoin, it is very unlikely that Bitcoin dropped to $17k. Since Bitcoin crossed $108k, I think the lowest price of Bitcoin in the next bearish season will be above $30k. So, we don't be so worried about the chance of Bitcoin declining again to $17k. It is impossible in my own opinion.

[philipma1957]

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?

well the double top in 2021 say 68k was followed by 15.9 k in 2022.

inorder for me to say what we may retreat to I need to know if 108k was the top without a top picking the low is futile.

We can drop 65% to 85% off the top based on past history

So if 108 was the top   16.2-37.8 could happen based on past history

I am more inclined to think 10k or less or we never go under say 60k

As I think Trump will either really fuck BTC up or really boost BTC

[milewilda]

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?

well the double top in 2021 say 68k was followed by 15.9 k in 2022.

inorder for me to say what we may retreat to I need to know if 108k was the top without a top picking the low is futile.

We can drop 65% to 85% off the top based on past history

So if 108 was the top   16.2-37.8 could happen based on past history

I am more inclined to think 10k or less or we never go under say 60k

As I think Trump will either really fuck BTC up or really boost BTC

History whether it would happen or not again for this year cycle then there's no way that we can tell but probabilities is there on which knowing this market for a decade+ and into its movement then it could have that sharp decline without any valid reasons behind. This is why its not really that shocking if ever this one will happen again if that one happens then tons of people will panic out specially to those who do bought up on the peak and this is something that will likely to happen. Thing or important here is that you do have reserved funds for you to make up some buyback at the moment or time that it do make out some serious correction.

[examplens]

Maybe per month, not even Hungary in 1946 has inflation in the thousands per day, that would mean your country would have had worse inflation by a trillion times  than  Hungary had the entire year in just a week.

OK, I exaggerated a bit, but the numbers were crazy.
In January '94 116.546 trillion percent

This period spanned 22 months, from March 1992 to January 1994. Inflation peaked at a monthly rate of 313 million percent in January 1994.[4] Daily inflation was 62%, with an inflation rate of 2.03% in 1 hour being higher than the annual inflation rate of many developed countries. The inflation rate in January 1994, converted to annual levels, reached 116,545,906,563,330 percent (116.546 trillion percent, or 1.16 × 1014 percent).

Source

[JoyMarsha]

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.

If bitcoin gets as low as $17K, I am also scared that many people will lose trust in bitcoin and we might see a reduced number of holders in the future. In the history of bitcoin, there is always a predicted price that even when the bearish market has began, bitcoin won’t go below that price. $17K is such a very low price that many people will be pessimistic about the whole bitcoin thing and would prefer to sell off their holdings. $31K is a more realistic price though even if it is too low in my own opinion to see bitcoin going back to during the bearish season.

With the US Bitcoin reserve at hand and some other countries that will do the same to have Bitcoin as their reserve, I don't think Bitcoin will go below $20k. It can hang around $40k at least toward the end of the bearish market. Bitcoin has gone high in price for us to begin to think of a lesser price below $20k in the bearish market to come

[Baofeng]

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.

If bitcoin gets as low as $17K, I am also scared that many people will lose trust in bitcoin and we might see a reduced number of holders in the future. In the history of bitcoin, there is always a predicted price that even when the bearish market has began, bitcoin won’t go below that price. $17K is such a very low price that many people will be pessimistic about the whole bitcoin thing and would prefer to sell off their holdings. $31K is a more realistic price though even if it is too low in my own opinion to see bitcoin going back to during the bearish season.

With the US Bitcoin reserve at hand and some other countries that will do the same to have Bitcoin as their reserve, I don't think Bitcoin will go below $20k. It can hang around $40k at least toward the end of the bearish market. Bitcoin has gone high in price for us to begin to think of a lesser price below $20k in the bearish market to come

And if we look at it right now, if we talk about the current cycle, I doubt that we will fall under $80k. We've recovered already and seeing the price bordering $98k so it means that we are getting closer to 6 digits again.

With Trump going to office in January 20th, I'm expecting that we will see another huge run and so the bears might have to go to hibernation again as bulls will take over the market this month and most likely the rest of the year.

[pawel7777]

Many people seem to be waiting for Trump's inauguration as if it were some sort of magic date. This doesn't make sense to me. Even if he's serious about pushing for the creation of the strategic Bitcoin reserve, he won't do it on his first or second day in the office. It could be a year or two from now, if at all.
I expect there might be some dip shortly after 20th Jan, but I don't think it'll break the longer bullish trend.

Anyhow, there's still 17 days to go and I'm sure we'll see some action during that time.

[examplens]

Many people seem to be waiting for Trump's inauguration as if it were some sort of magic date. This doesn't make sense to me.

Man, fucking Elon Musk writes a tweet about the DOGE coin, then raises its price 10x. The crypto market is quite susceptible to this kind of manipulation.
Trump made his first Bitcoin transaction only two months ago. It cannot be said that he is a big fan of Bitcoin, but it helped him a lot in the campaign to gain certain sympathies. Of course, he will use such an opportunity as long as it is profitable.

[jeraldskie11]

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?

For me, the lowest price Bitcoin will go is around $73k. As we can see now in the price, the demand is decreasing, maybe there will be a big correction that will happen in Bitcoin soon and go to that area. But it's not certain because it's really far away, but it's not impossible to happen. When the price reach that area, we can see a huge volume because many investors are eyeing on that area.

[philipma1957]

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.

So Yugoslavia had 116 trillion percent rate if you proated the rate out to a year from  a months time?

So the actual rate for the one month would have been over a 2 million percent.
 as 2 million percent 12 months in a row grows to like 116 trillion percent.


the actual rate did not reach 116trillion for the whole year. but still.

in One month 2,000,000 turned into 1.


That must have been hellish to live through.

[examplens]

That must have been hellish to live through.

Yeah, crazy time.
Imagine, you sit in a bar and order a beer that costs 150, half an hour later you want another one, then it already costs 250, and so on...
One of the additional reasons why I believe in Bitcoin more than any fiat currency.

[vegasus]

With the US Bitcoin reserve at hand and some other countries that will do the same to have Bitcoin as their reserve, I don't think Bitcoin will go below $20k. It can hang around $40k at least toward the end of the bearish market. Bitcoin has gone high in price for us to begin to think of a lesser price below $20k in the bearish market to come

Truly, dropping to less than $20k in the upcoming bearish period is way too low, and the drop from its ATH is so steep, It doesn't seem like it will drop that much and go that far to the bottom like that. I agree more with the review that maybe BTC will drop around 60-70% from its ATH price, it depends on what the ATH will be. If you look at it from now, it might be between $40k-60k. But again, no one knows what the future holds and whether history will repeat itself with the same pattern as before.