Between $24K and $27K | Bitcointalksearch.org

Oceat

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Quote from: cryptomaniac_xxx on June 11, 2022, 05:27:32 PM

Quote from: mattujusuruga on June 09, 2022, 09:10:53 AM

The price of bitcoin has fallen the most since late April. So far, bitcoin has tried 3 times to break the support point at $32k but always failed. And the last few weeks, bitcoin broke through support at $30k and dropped to $29k. If next week the bearish trend is getting stronger, bitcoin price will drop towards the support level in the $24k-$25k area. Maybe in the middle of the crypto market, there is a bearish trend like this. Those of you who are buying more now will have a big smile on their face later when the bitcoin price skyrockets significantly again.

And now this weekend, the price goes down to $28,600 and it's closer now to the predicted $24k-$27k. As far as breaking those support lines at $32k, it's huge, there is a sell pressure from the investors. We are like entering the mid year and so far there is no movement. So except the the next half to be same or even worst. And it's just better to wait or buy at the current price.

Buy if you have some extra money or hodl if you don't since it's most likely going to touch that predicted $24k-$27k based on the chart today. The support has already been shaken to remove weak hands it might as well want to shake more or is it just the correction that's why the market seems like dropping slowly. We have seen how the price move in the past weeks and I think it's safe to say that this bear market will stay longer than the bull market since that's what actually happened in the past too. Luckily, the price just keep its phase to not fall straight to the bottom due to the bear market and correction.

Rasa nanas

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1. I think the current bear market will last longer than mid-2021 but sooner than 2018.
2. quite reasonable, because as has happened before where the price of bitcoin stable in the price range of $ 40k and $ 30k for quite a long time. do not rule out if the price of bitcoin is in the range of $ 25k something similar will happen.
3. I don't think so, because not a few long-term investors choose cut loss for several reasons. for example, don't want to suffer bigger losses or want to invest in other coins.

cryptomaniac_xxx

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Quote from: mattujusuruga on June 09, 2022, 09:10:53 AM

The price of bitcoin has fallen the most since late April. So far, bitcoin has tried 3 times to break the support point at $32k but always failed. And the last few weeks, bitcoin broke through support at $30k and dropped to $29k. If next week the bearish trend is getting stronger, bitcoin price will drop towards the support level in the $24k-$25k area. Maybe in the middle of the crypto market, there is a bearish trend like this. Those of you who are buying more now will have a big smile on their face later when the bitcoin price skyrockets significantly again.

And now this weekend, the price goes down to $28,600 and it's closer now to the predicted $24k-$27k. As far as breaking those support lines at $32k, it's huge, there is a sell pressure from the investors. We are like entering the mid year and so far there is no movement. So except the the next half to be same or even worst. And it's just better to wait or buy at the current price.

Bitcoin2009

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The ideal price range to start investing, for those of us who have more money then don't hesitate to buy bitcoin, the huge market potential makes it feasible to make bitcoin the first choice investment, I'm sure by the end of the year bitcoin price can pass the ATH that has ever happened so we can earn more than 100% profit.

mattujusuruga

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The price of bitcoin has fallen the most since late April. So far, bitcoin has tried 3 times to break the support point at $32k but always failed. And the last few weeks, bitcoin broke through support at $30k and dropped to $29k. If next week the bearish trend is getting stronger, bitcoin price will drop towards the support level in the $24k-$25k area. Maybe in the middle of the crypto market, there is a bearish trend like this. Those of you who are buying more now will have a big smile on their face later when the bitcoin price skyrockets significantly again.

btc_angela

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Quote from: ShowOff on June 08, 2022, 09:47:29 AM

Quote from: asrinur on June 08, 2022, 06:43:28 AM

The bitcoin price chart still looks unattractive at the moment. In the past week, the price of bitcoin is in the red zone and the price continues to experience a sharp decline. I think the current bearish sentiment will bring the bitcoin price down to around $27k especially as the sell-off in the crypto market continues. Therefore, let's see how far the price reacts as we have seen the current lows.

Don't ever expect you to see bitcoin never experiencing correction or volatility, that's highly unlikely. This is how the bitcoin market works where there are times when the price goes down or up and I think this is where trading gets interesting. You can never guess where the price will go if it is not supported by several causes including hype, fud or others.

It's interesting for some because they are trading, but there are ways not to complicate things, just be a holder and that's it.

Quote from: ShowOff on June 08, 2022, 09:47:29 AM

Price correction is an important part for bitcoin where we can find price forming new support to start breaking down resistance above it. So if your mindset about this decline as something very negative, then you really can't take advantage of this market to make a profit.

Yeah, it's part of the market, ever since the price jump from less than a dollar to 10$, volatility has been with us. And then we learn how to go along with it regardless if we are in a bear market or not. TA for once, we have been applicable to traditional financial market makes it way to crypto as well.

tygeade

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Quote from: ShowOff on June 08, 2022, 09:47:29 AM

Don't ever expect you to see bitcoin never experiencing correction or volatility, that's highly unlikely. This is how the bitcoin market works where there are times when the price goes down or up and I think this is where trading gets interesting. You can never guess where the price will go if it is not supported by several causes including hype, fud or others.

Price correction is an important part for bitcoin where we can find price forming new support to start breaking down resistance above it. So if your mindset about this decline as something very negative, then you really can't take advantage of this market to make a profit.

Unfortunately but at the same time fortunately, bitcoin is volatile and that means we are going to make a ton of profit by using the volatility of it, but also there will be a lot of people who will lose money because of it as well.

Like when it is bull run, we all make profit and that is a good thing for all of us, I do not sell because I am a long term investor but I was up so much at one point, not rich enough to retire, but could have bought a car with it if I wanted to for example, a small amount that turned into a car, great feeling, that's thanks to volatility. But many people lost car worth of money when it dropped as well.

ShowOff

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Quote from: asrinur on June 08, 2022, 06:43:28 AM

The bitcoin price chart still looks unattractive at the moment. In the past week, the price of bitcoin is in the red zone and the price continues to experience a sharp decline. I think the current bearish sentiment will bring the bitcoin price down to around $27k especially as the sell-off in the crypto market continues. Therefore, let's see how far the price reacts as we have seen the current lows.

Don't ever expect you to see bitcoin never experiencing correction or volatility, that's highly unlikely. This is how the bitcoin market works where there are times when the price goes down or up and I think this is where trading gets interesting. You can never guess where the price will go if it is not supported by several causes including hype, fud or others.

Price correction is an important part for bitcoin where we can find price forming new support to start breaking down resistance above it. So if your mindset about this decline as something very negative, then you really can't take advantage of this market to make a profit.

asrinur

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The bitcoin price chart still looks unattractive at the moment. In the past week, the price of bitcoin is in the red zone and the price continues to experience a sharp decline. I think the current bearish sentiment will bring the bitcoin price down to around $27k especially as the sell-off in the crypto market continues. Therefore, let's see how far the price reacts as we have seen the current lows.

Paul Pogba

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The ideal price range for those of us who are used to daily trading, I think the potential for bitcoin to skyrocket is very large, don't be pessimistic and panic when you see the price drop, this is actually a good opportunity to buy, most people will buy when the price goes up like I used to do it when the price is rising I buy when the price is more than $50k.

Dave1

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Quote from: Kemarit on June 04, 2022, 09:43:28 PM

Quote from: lixer on May 31, 2022, 03:21:44 PM

Quote from: virasog on May 30, 2022, 01:47:10 PM

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

There are some people who see 38-41k period and see the 28k-31k period as the same and worry that the price could go down because of this. I believe that it will not be like that and I believe that we are going to end up with a high price, but unfortunately not everyone feels the same way.

I know that we are going to go up, and feel like it is just about time, we could reach to like 40k+ at least within the next 3 months give or take, and that is a good return if you invest right now. Hopefully people will not be too late and everyone joins in before it goes up too much and they miss out. In the end, people who take the risk and invest when its low, will be the ones who will profit when it's high.

I'm not sure about the bounce to $40,000 in the next 3 months mate, I think that is short amount of time to really see the price rally from <$30,000 currently to highs of $40,000. It's simply hard assuming that we are in a bear market already.

Yes, it's a risky investment right now, but we should be aiming for a long term in this bear market. Try to accumulate as many as you can. I know it's going to be tough mentally, but this what separates a wise investors to newbies. Bear market is the right time to re-invest.

Of course, every crypto investment is risky, but bitcoin though is relatively not like that as compare to let's say altcoin markets.

Just like what we've seen in the last 24 hours, the price suddenly went down below $30k again after almost hitting $32k. But then again, we've made a bounce and recovery to $31k. So it's very volatile and the best thing so that we should not worry about this fluctuations is to HODL.

Kemarit

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Quote from: lixer on May 31, 2022, 03:21:44 PM

Quote from: virasog on May 30, 2022, 01:47:10 PM

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

There are some people who see 38-41k period and see the 28k-31k period as the same and worry that the price could go down because of this. I believe that it will not be like that and I believe that we are going to end up with a high price, but unfortunately not everyone feels the same way.

I know that we are going to go up, and feel like it is just about time, we could reach to like 40k+ at least within the next 3 months give or take, and that is a good return if you invest right now. Hopefully people will not be too late and everyone joins in before it goes up too much and they miss out. In the end, people who take the risk and invest when its low, will be the ones who will profit when it's high.

I'm not sure about the bounce to $40,000 in the next 3 months mate, I think that is short amount of time to really see the price rally from <$30,000 currently to highs of $40,000. It's simply hard assuming that we are in a bear market already.

Yes, it's a risky investment right now, but we should be aiming for a long term in this bear market. Try to accumulate as many as you can. I know it's going to be tough mentally, but this what separates a wise investors to newbies. Bear market is the right time to re-invest.

lixer

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Quote from: virasog on May 30, 2022, 01:47:10 PM

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

There are some people who see 38-41k period and see the 28k-31k period as the same and worry that the price could go down because of this. I believe that it will not be like that and I believe that we are going to end up with a high price, but unfortunately not everyone feels the same way.

I know that we are going to go up, and feel like it is just about time, we could reach to like 40k+ at least within the next 3 months give or take, and that is a good return if you invest right now. Hopefully people will not be too late and everyone joins in before it goes up too much and they miss out. In the end, people who take the risk and invest when its low, will be the ones who will profit when it's high.

rodskee

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Quote from: Pejoh Asu on May 27, 2022, 02:51:52 AM

The current price is around $ 29k and almost 8 days we are in the price range of $ 29 to $ 30, I hope this is a positive sign that the market immediately skyrocketed as happened in 2021, the most important thing for us is not panic when it occurs bearish and focus continues to buy So that we can get a big profit when the Bull Run Again Market.

actually it is staying around 28-31k usd for the last 2 weeks and this is nothing to show but a waiting time , we cannot predict either this will go up? or this will drop badly .

so maybe lets realistic and stay holding instead of seeking for growth easily .

i would rather consider Buying than selling now , and also consider holding longer than my recent plans.

virasog

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Quote from: Newlifebtc on May 29, 2022, 06:28:17 PM

Quote from: roadrunnerjaiv2025 on May 09, 2022, 08:35:50 PM

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.

I believe the price is unpredictable and is something that you can not understand the speculation and how the market rings about, today you will see the price moving higher and tomorrow the price will kick slowly for the market, so Bitcoin is a market that the price going up and down is grown by the statistics or the qualiy of people demanding for it and the level of people admit to sell,those people who is holding cryptocurrency is the one regulating the chances of it going up and down

No one among us wants to see bitcoin at these prices but how often we have seen the market surprises us.

The range of 24-27K is not out of the question, even though bitcoin has gone above 30K once again. I feel that in normal circumstances bitcoin should move up from these ranges but in case of any bad news (Like a prolonged war between Ukraine and Russia, bitcoin can again test these 20ish levels.

BobK71

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We have seen for a long time that BTC existed between 38-42K. At that time it could not be said whether the market will go up or go down. Today the price come down from there. Now it can be said that we will be able to get out of the bear market soon. Now just waiting for the time. If the global situation remain unchanged, we will soon see another bull market.

Sebas.tian

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Quote

I am thinking that the price will fall because if it will recover, it has already recovered now. When the market is in a bearish trend, we have to follow the trend as most likely the price will just dump. The current price is $29k+, we had some minor recovery but I have a feeling it would fall back in the coming days.

Yes, the price will still decrease further before it can increase higher for those that invested a huge amount of money few months ago to start selling to make a passive income from the market. The price dropped down to $29,000 few hours ago which the price is still preparing to drop down to $24,000 for those that missed the opportunity to use this opportunity to buy more and hold for a better future to come. I believe investors will definitely experience improvement from the market price next month because the green light is preparing to be fully stable through out next month.

Newlifebtc

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Quote from: roadrunnerjaiv2025 on May 09, 2022, 08:35:50 PM

Three things stuck in my mind this week:

1. It might take a few more months before BTC's price finally exits the bear market. That is if we have a similar situation to the 2018 bear market where fear and greed levels plateaued for a whole year.

2. BTC's price free-fall will slow down between $24K and $27K unless more macroeconomic and geopolitical risks emerge.

3. Short-term holders are responsible for most of the capitulation (day trading and scalping don't fall in this category, right?).

But one thing has a high certainty---the bear market is temporary.

The bull is not a matter of if but when.

I believe the price is unpredictable and is something that you can not understand the speculation and how the market rings about, today you will see the price moving higher and tomorrow the price will kick slowly for the market, so Bitcoin is a market that the price going up and down is grown by the statistics or the qualiy of people demanding for it and the level of people admit to sell,those people who is holding cryptocurrency is the one regulating the chances of it going up and down

romero121

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The price is around $29k for a long, every week there is no big forward move. The fluctuation have kept the market decline gradually. This could fall further, if few whales pull out from the market. The market bleeds red and the same is to be considered the time to invest. For time being there isn't much of investment happening, because last year there were more new entries into the market which is also a reason for the market to get bumped.

buwaytress

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Anyone still seriously think a "freefall" is going to be limited to 24k bottom? We are seeing lower lows on the weeklies... More sub-30k durations now than above. 24k is barely less than 20% drop.

Free fall would mean at least a third value loss once panic sets in.

Not to bear bad news. Hate to say it myself but every week we spend lurching makes the coming weeks seem more grim.

Topic: Between $24K and $27K (Read 759 times)