Bitcoin can drop to $6,000 and then rise to $20,000 in this 2020 crisis

[Philippe2001 356]

By configuring 3000 dollars, I think the stock market is collapsing because of the Corona virus
It will take a long time for the price of bitcoin to rise

[Michael0606 861]

At the moment there is no direction of the price but it has already consolidated a resistance of 6,100 and a support of 4,800, at the moment it is in full lateralization which has not given an up or down signal, its trend is indecision so if you are going to buy  Now, buy only 10% of your capital so as not to get caught in the event that it falls further.

[iloveyobit 6599]

In the current crisis all markets are in a state of decline and no one can expect the price of bitcoin, all we have to do is seize the existing opportunities and exit from the market until.

[CryptoMaxim 2372]

3 hours ago, iloveyobit said:

In the current crisis all markets are in a state of decline and no one can expect the price of bitcoin, all we have to do is seize the existing opportunities and exit from the market until.

Here again, it is impossible to say for sure how the price will behave. Since the price depends on people with a large number of bitcoins and also Fiat. And their future actions are unknown, as well as the further price.

[malik6314193 5449]

Yes as in week it goes too much down to 4800$ .it is lowest price of bitcoin i ever seen. But i made some research on its price i found that some experts said that it will rice upto 20000 and even some one says it will go up to 100k.

[kadayakito 765]

Yes. This is of course possible. Based on the current situation, it will be pushed up to the price of $ 20,000 by the middle of the year or August. That's the best time for bitcoin to go to the moon.

[Babubu609 0]

On 3/13/2020 at 5:39 PM, Raqeebzy said:

It has been so unfortunate to see this drastically fall if you put traders and investors into consideration. We hope this deadly corona virus disease is eradicated as soon as possible so everything will remain at their possible best. 

we all anticipated the other to occur, specially since their costs reached 10,000 greenbacks via the beginning of this year

[Whited35 15285]

CEO of BitMex is sharing the truth with us. This year is very important year for me and we all crypto lovers because the Bitcoin halving is going to happen soon after that price of Bitcoin will be increasing in the market and we can see the increased price of Altcoins too.
 

[BTC Future 3946]

The last bottom was bellow Arthur Hayes prediction as price dumped even to $3600, causing Bitmex to stop services for a while and restructure the orderbook, as it seemed a flash crash to zero was possible at that time. 

Still I'm hoping for his prediction of $20.000 to be exceeded as well and break the ATH at some point in 2020.

This is a hope I have though and not backed by any technical analysis.

[magd 5231]

There is no doubt that the Corona virus affected the cryptocurrency market. I have read these reports about the price, but in light of the crises that the world is exposed to, I do not think that the price will exceed $ 12,000 or $ 10,000 no more.

[deepown 0]

What a mess, i hope that is true, but people who panicked and sold at 5k, would kill themselves if that happens and they miss out.

[Rares002 262]

We don't know yet what's going to happen with bitcoin in 2020 becaude of this virus epidemy. The price could collapse to 4000$ again or it could go to 10.000$

[Ali_hmwi 966]

Bitcoin now as I see from a chart here from a member that it drop under 6100 in the daily candle and even 4 candle so if the for candle stay under 6100 the next target is 5700 .

[MCSGlegend 2210]

I honestly do not believe it, soon there will be halving and after that 30% of miners will leave Bitcoin mining at all, the price can not grow to $ 20,000 in this scenario.

[Whited35 15285]

Yes of course ! During the crisis we are having lower price for our cryptocurrency holdings in the cryptocurrency market. When the Bitcoin halving events competed and the COVID-19 virus is completely eliminated from this world, price of Bitcoin will bounce back. 

[Brand1 1336]

At this time, the market witnesses a significant redness and collapse in prices, and the price will not return to the way it was before unless Corona is eliminated and the markets return to what they were previously

[guatazoo 7150]

Of course this might happen, because currently the price of bitcoin is playing around $6000, due to CORONA crisis, but we hope that we will overcome CORONA and the bitcoin price might be recovered.

[Hatred 1388]

Well, I agree with him. Bitcoin can go down to $6000 because of the pandemic that is happening in the world. And also, it is possible that it will reach $20000 mark after this crisis. Well, we can't say it already because it will depend on what will happen in the bitcoin and in the world in the next couple of weeks. Let's hope that this crisis will now stop or end and bitcoin will go back to it's normal value.

[Honny143 13612]

I don't think bitcoin loss their prices now bitcoin prices is under 6000$ dollars, so its drops more then not recover soon, and in my opinion bitcoin not loss more, because now so many peoples buy bitcoins because prices is low, so buying pressure increase so bitcoin prices goes high are stable in this 6000$ Dollars prices.

[Bruno52 1141]

I don't think that bitcoin price can rise to $20000 this year because it will not be in demand as much as it was last year due to this current situation as more people demand other currencies other than bitcoin at this time.

[hawkeyee 2]

On 13.03.2020 at 07:54, Wilmer Garcia said:

According to the CEO of the derivatives giant BitMEX The price of Bitcoin (BTC) will probably get levels lower than THE USD 6,000 but will avoid more losses, that's what he said this March 12, in the last edition of the Crypto Digest exchange. 

In the short term, Arthur Hayes believes that the value of BTC/USD will be guided to a maximum fund of the $6,000 mark, as fear about the coronavirus affects market sentiment.

its already dropped to 4000$ and it was min price, i thought it can go to 3000$ and i was going to buy it if it happens but unfortunately for me it started rising so i regret not buying it at 4000$

[teminalibug 309]

40 minutes ago, deepown said:

There is not doubt that the price will increase back to 20k, but for this year i must admit i have no that kind of faith anymore.

Crypto are gaining back their strength to prepare for another bull, so what we need is to buy more to create a big demand base.

[Rezort 846]

Everyone hopes that bitcoin will make such a huge jump in price but I think that it should happen in the end of this year because it would be more stable for its price.

[Ms.o 3322]

Due to corona virus almost all industry shut down including crypto currency that's why we experienced insanely crash in the market but as what we can expect,crypto are very much volatile so those crashes are just the beginning of increase. And soon 20k can be possible,lets just believe on it and have patience.

[rekter 8129]

On 3/13/2020 at 7:54 AM, Wilmer Garcia said:

According to the CEO of the derivatives giant BitMEX The price of Bitcoin (BTC) will probably get levels lower than THE USD 6,000 but will avoid more losses, that's what he said this March 12, in the last edition of the Crypto Digest exchange. 

In the short term, Arthur Hayes believes that the value of BTC/USD will be guided to a maximum fund of the $6,000 mark, as fear about the coronavirus affects market sentiment.

I always laugh when i hear Arthur Hayes giving predictions, he is this laid back cool guy and he really doesn't care at all if his predictions hit, because he makes money either way with Bitmex fees and liquidations.

Edited April 11, 2020 by rekter