I think for now the price of Bitcoin is very difficult to fall to the rate of $ 20,000 especially now that the market cap has risen to 7% and that's a fairly high increase, I am very optimistic if the price continues to rise to $ 35,000 and if there is a correction it will remain in the range rates $29,000. But the price of Bitcoin could also fall to $20,000 but not in this Quart, maybe in the middle of Q4 it could fall and it all depends on the news that will be later.
Bitcoin doesn't follow any news or announcements. We just make it as our wishes, but some foolish investors start to follow them. If there is any reason to fall this quarter, I will believe, but in the last quarter it will definitely not drop 20k. Because as my prediction, the market will rise between 3 months and in 1-2 months correction time will be over.
The price of bitcoin is higher than $25k for now but if it will continue to fall, then dropping to $20k is very possible. Having good news in the market might not a guarantee that the market value will not fall but somehow it will help though.
I have high hopes that bitcoin will bound to recover after its long bearish season. And maybe by this time, it will reach new ATH exceeding the amount of $60k. But the question is how far bitcoin price will fall? Once it reaches $25k, for sure it will go down to $20k.