What is the lowest level for Bitcoin now?

[philipma1957]

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.

gold and silver and btc seem pretty good.

I also do doge and ltc

[SmartGold01]

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.

gold and silver and btc seem pretty good.

I also do doge and ltc

You wanna hold fiat as savings?
Then be ready to lose its value because when you have it in your bank or at home after some while or maybe a year interval that amount has depreciated and can't worth something reasonable in price. This made me flashed back a relative who was saving for about 6 years now and saved out 10m to our currency, but when decided to use it for a project the cost of materials was hike and he decided to abandoned the project.

Of course, Bitcoin and Gold is the new wave and anyone wanting to be saved from inflation should hold bitcoin as reserved fund.
Relating to how bitcoin could go; well we can't give exact level of bitcoin because already as we know the market is unpredictable and anything is possible and likely to happened at any given moment.

[examplens]

You wanna hold fiat as savings?

He didn't say that, you got it wrong.

Then be ready to lose its value because when you have it in your bank or at home after some while or maybe a year interval that amount has depreciated and can't worth something reasonable in price. This made me flashed back a relative who was saving for about 6 years now and saved out 10m to our currency, but when decided to use it for a project the cost of materials was hike and he decided to abandoned the project.

You can't see it in black and white.
Imagine, you want to store value in Bitcoin. You buy it now for $98k and you urgently need it in 5 months, but then its value is $82k. Regardless of what caused the drop and whether it is temporary, but if you need it right away, you are definitely at a loss.
If you kept fiat, you would have at least the same amount or a few dollars more.

*This is not my advice to present fiat as more reliable, I'm just stating a possible unfavourable scenario due to the fluctuation of the price of Bitcoin.

[philipma1957]

You wanna hold fiat as savings?

He didn't say that, you got it wrong.

Then be ready to lose its value because when you have it in your bank or at home after some while or maybe a year interval that amount has depreciated and can't worth something reasonable in price. This made me flashed back a relative who was saving for about 6 years now and saved out 10m to our currency, but when decided to use it for a project the cost of materials was hike and he decided to abandoned the project.

You can't see it in black and white.
Imagine, you want to store value in Bitcoin. You buy it now for $98k and you urgently need it in 5 months, but then its value is $82k. Regardless of what caused the drop and whether it is temporary, but if you need it right away, you are definitely at a loss.
If you kept fiat, you would have at least the same amount or a few dollars more.

*This is not my advice to present fiat as more reliable, I'm just stating a possible unfavourable scenario due to the fluctuation of the price of Bitcoin.

Its all about hedging

My wife has the house
My wife has US gov bonds.

Even though they get interest and grow they do not keep up with inflation. 
But we always have cash in emergencies.

I have
BTC
LTC
DOGE
Silver bars
Silver coins
Cash
Bonds
Mining Gear for BTC and scrypt.

So we are kind of covered.

[Azharul]

You wanna hold fiat as savings?

He didn't say that, you got it wrong.

Then be ready to lose its value because when you have it in your bank or at home after some while or maybe a year interval that amount has depreciated and can't worth something reasonable in price. This made me flashed back a relative who was saving for about 6 years now and saved out 10m to our currency, but when decided to use it for a project the cost of materials was hike and he decided to abandoned the project.

You can't see it in black and white.
Imagine, you want to store value in Bitcoin. You buy it now for $98k and you urgently need it in 5 months, but then its value is $82k. Regardless of what caused the drop and whether it is temporary, but if you need it right away, you are definitely at a loss.
If you kept fiat, you would have at least the same amount or a few dollars more.

*This is not my advice to present fiat as more reliable, I'm just stating a possible unfavourable scenario due to the fluctuation of the price of Bitcoin.

Actually, Bitcoin is one of the best profitable crypto in cryptocurrency market. We also see that bitcoin price is remain $96k up in this time. But we also know that bitcoin price is increase $106k in few days ago. But in this time bitcoin price is slightly down in crypto currency market. I think that gradually bitcoin price will increase quickly. We also know that US president Donald trump also support in bitcoin, so when he win in election then gradually bitcoin price is increasing. So I think that last of this year bitcoin pass $150k in crypto currency market.

[Faisal2202]

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?

In my opinion BTC will never go below $45k or $30k because in the current inflation mining BTC is very expensive and if 1 BTC would go below these target then miners will be making lot of lose. The lowest it can go in severe cases is again $15k but if still no one will buy it at $15k then they would be dumb.

The first lowest level for BTC that I consider the most important is $52k and then $32k. I can be wrong, because on the basis of support these don't follow them but just an idea.

[dekafee79]

In my opinion BTC will never go below $45k or $30k because in the current inflation mining BTC is very expensive and if 1 BTC would go below these target then miners will be making lot of lose. The lowest it can go in severe cases is again $15k but if still no one will buy it at $15k then they would be dumb.

The first lowest level for BTC that I consider the most important is $52k and then $32k. I can be wrong, because on the basis of support these don't follow them but just an idea.

bitcoin price has been getting more expensive and it is likely that if it drops after the bullish season it will still be at $50K and I also read the prediction that bitcoin price next year ATL is still above $70K. But this is just a prediction.
The possibility of bitcoin price at $35-40K seems unlikely, I don't know. in my opinion the lower the bitcoin price the higher our chance to buy.

[UNIVERSE]

bitcoin price has been getting more expensive and it is likely that if it drops after the bullish season it will still be at $50K and I also read the prediction that bitcoin price next year ATL is still above $70K. But this is just a prediction.
The possibility of bitcoin price at $35-40K seems unlikely, I don't know. in my opinion the lower the bitcoin price the higher our chance to buy.

Although Bitcoin will be getting more expensive but there should be time for bearish season. I think the price of Bitcoin can be below $50k again in the next bearish season. We don't know what news to come in the next few years. So far, there were always news that made Bitcoin drop very significantly during the bearish season. Not sure if it was natural, manipulation, or accidental. But it happened in every bearish season.

[Bobcrypto]

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.

I doubt the lowest to be $50k, but I think that the lowest dip on the current bull run should be around $80k, then a continuing bull run to between $120k to $130k. However, we may enter the bear run later this year which can send Bitcoin to the region of $65k levels.

In my opinion, the current bull run may change the Bitcoin circle, there are indication that demands is likely to rise, and the situation may give way to what some people call a super circle. However, the bull run will not continue for ever, at some time in near future, the market will go Bearish, it not a a strange situation, but part of the crypto system.

[milewilda]

In my opinion BTC will never go below $45k or $30k because in the current inflation mining BTC is very expensive and if 1 BTC would go below these target then miners will be making lot of lose. The lowest it can go in severe cases is again $15k but if still no one will buy it at $15k then they would be dumb.

The first lowest level for BTC that I consider the most important is $52k and then $32k. I can be wrong, because on the basis of support these don't follow them but just an idea.

bitcoin price has been getting more expensive and it is likely that if it drops after the bullish season it will still be at $50K and I also read the prediction that bitcoin price next year ATL is still above $70K. But this is just a prediction.
The possibility of bitcoin price at $35-40K seems unlikely, I don't know. in my opinion the lower the bitcoin price the higher our chance to buy.

Im not really that making myself that anticipating about on how low the price would really be that going because this market is really that unpredictable on which the price will really be that going lower on which it is really that more than on what you had anticipated. If you are really that too optimistic towards the price and on the moment that it will really be making up some correction on which it will really be lower on what you had anticipated then it will really be bringing out that kind of disappointment. Lowest level could really be unknown and there's no way that we can be able to predict on where price will be going so better to go with the flow.

[tequilla_sunset]

Although Bitcoin will be getting more expensive but there should be time for bearish season. I think the price of Bitcoin can be below $50k again in the next bearish season. We don't know what news to come in the next few years. So far, there were always news that made Bitcoin drop very significantly during the bearish season. Not sure if it was natural, manipulation, or accidental. But it happened in every bearish season.

Too early to speculate on that.
And if it happens - it will be a chain of events, not one big bad outcome to wait to see the price drop.
For now, we should await the biggest ATH and think positively about the sentiment.

[SmartGold01]

Actually, Bitcoin is one of the best profitable crypto in cryptocurrency market. We also see that bitcoin price is remain $96k up in this time. But we also know that bitcoin price is increase $106k in few days ago. But in this time bitcoin price is slightly down in crypto currency market. I think that gradually bitcoin price will increase quickly. We also know that US president Donald trump also support in bitcoin, so when he win in election then gradually bitcoin price is increasing. So I think that last of this year bitcoin pass $150k in crypto currency market.

I really don't seems to understand this part of your statement that when he wins bitcoin price will increase in price, how?
Or are you intending to say when is sworn in as President the price will increase more is that what you mean if I may ask? If yes then we should that is one certain that price must increase immediately he is sworn in but that depends if he gives a good speech to bitcoin otherwise if he doesn't say anything positive to bitcoin then I don't think the price would increase that much and even though lot of traders seems to have been waiting 20th of this month as a time to sell or something some we shouldn't be overwhelmed with what we aren't sure off.

[sampoerna]

I doubt the lowest to be $50k, but I think that the lowest dip on the current bull run should be around $80k, then a continuing bull run to between $120k to $130k. However, we may enter the bear run later this year which can send Bitcoin to the region of $65k levels.

In my opinion, the current bull run may change the Bitcoin circle, there are indication that demands is likely to rise, and the situation may give way to what some people call a super circle. However, the bull run will not continue for ever, at some time in near future, the market will go Bearish, it not a a strange situation, but part of the crypto system.

It might depend on how high the ATH will be at the end of the bull run peak. Usually, it will drop by a certain percentage from the ATH. If the ATH price is $150k, during a bearish period, it will definitely be at least higher than the previous bearish period. And the $40k-60k figure might be the figure in that range. But there is no guarantee, let's just wait for the peak season of the bull run and altcoin season to reach at first. It will definitely be prompt to our expectation.

[bitterguy28]

It might depend on how high the ATH will be at the end of the bull run peak. Usually, it will drop by a certain percentage from the ATH. If the ATH price is $150k, during a bearish period, it will definitely be at least higher than the previous bearish period. And the $40k-60k figure might be the figure in that range.

if all goes well bitcoin in its bearish period might not even reach $60k or lower and might just stay somewhere in $70k or above nothing is certain for sure but with the potential positive actions towards bitcoin it is possible to see bitcoin not drop too much but in case it does we still need to be prepared for what is ahead

But there is no guarantee, let's just wait for the peak season of the bull run and altcoin season to reach at first.

and we would not need to wait that long because i think we will see the peak in only a few weeks time

[bayu7adi]

Although Bitcoin will be getting more expensive but there should be time for bearish season. I think the price of Bitcoin can be below $50k again in the next bearish season.

It will not happen, BTC price will not fall below $50k again until the future... even if there is a great bearish moment, a reasonable price for the bottom right now is $60k-$65k.... even if the market goes to that price, there will be a lot of big wall buys waiting at $60k...

I got this data from several trader analysis that I met, they assume that Bitcoin price has reached the level of $100k and there is a sideway in the price range of $95k-$101k... that means the new standard price of BTC has been formed. And below $60k is the old standard price that is outdated.