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

[Yabuko 629]

This was not true since bitcoin price reached 11,000$ , cryptocurrencies prices analysing is not easy and need experts to do it , myself i am a bit always worried about the price aince we are small investors we can't expect if the price will increase or fall

[percare 3192]

I am not trading on Bitmex and don't like this exchange, I have heard a lot about liquidation that are made by manipulating price and dips that happen to liquidate longs that were made by this exchange selling massive bitcoins but perhaps these are exaggerations. About what the CEO said back in March he didn't want a lot of people to go long and lose money.

[Sykkuno 2887]

The price of Bitcoin dropped bellow 6000 but the prediction to reach 20000 was too much and it didn't perform like that. The problem can be the covid 19 that stopped Bitcoin in March and made it drop a lot from the 10k high bellow 3000. This made a damage to the price and the reaction was to reach 12000 but now we are stuck at this price between 10 and 12000.

[SuperCrypto 7193]

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.

The drop in the bitcoin price that we are currently seeing should not be a cause of investor disappointment with cryptocurrencies. I believe that in the coming months, BTC will repeat the great rise that happened previously in the famous December of 2017.

[Cryptic 0]

On 3/13/2020 at 1:54 PM, 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.

Well despite of the pandemic, BTC still gaining some price so I think it will never drop lower then $6k this year. It is almost 3rd quarter of the year but his prediction didn't happen yet. Maybe some of people who's lost their job preferred to make a living in crypto world because it is online and you don't need to go outside, so you don't have to worry that you might get infected that is why the demand in crypto has been increased same goes to its price.

[George10 9932]

Bitcoin price still has the probability to rise to 20k as predicted by many entities and experts from different angles,already it's now trading at 10k and seemingly to hold that level as it can be the area to begin the massive pump to 20k however, if drops further then it would be very beneficial to those who are accumulating.

[safwan944 54]

Bitcoin rises up from 5000 back in january i dont think so it will again back so dont be tensed and started to invest on it to make it rises up and make it to 20k$ withinn this year.Hopefully its gonna be a good year for btc this time.

[Rosarvx 965]

All of these crises that have affected Bitcoin will not last, and as I read that by the end and the price of bitcoin is so down but still praying that it does rise up

[Gherkj34k 55]

On 3/13/2020 at 9:54 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.

Bitcoin is very volatile, but I don't think it will grow to $ 20,000 in 2020, I think $ 12,000 will be the upper limit for it. Although in the future 20,000

[Rigamer 91]

it is very possible that the btc will fall back to 6k but I really see it very difficult. I think it will soon be able to go up to about 14k

[ozgese 17]

Bitcoin can drop to $8700 and then it will be more than $15k in the end of the year

[Ftmkh79 1]

Hi,I think the price of Bitcoin will drop to $ 9,000 and then it will start its final rise for an incredible climb.

[Omar1234H 148]

The bitcoin rose again to $ 12,500, also down to the point of $ 10,000. Bitcoin is now laterizing, if it goes down it will not be below 9000 because it has a very strong support point.

[Mella 3680]

It was a great time to buy even at 8 and 6 and of course 5 and 4 thousand for many investors and for us the trader but also I am sense the fear in the post that all crypto users had for price to start go lower. Bitcoin it was escape this and it start climb the price and become 12 thousand that was the year high and now it is above 10 thousand that is a very strong point of support that we are safely say it will be the low.

[Shaza Ahmad 1682]

Well, any trader should be wise in making his decision and look at the global situation always to be able to predict what might happen and take the appropriate decision, what the CEO of Bitmex said does not really express the market situation at that time, sometimes some people promote to exit the market and sell at prices Cheaply while they are buying.

Edited October 8, 2020 by Shaza Ahmad