It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.
For almost the past month, the market has been declining. Today, there is a lot of doom and gloom on the market. Many of the merchant's old holdings have been liquidated as well. For now, it might be an opportunity for you to be able to engage in short-term trading. When the market's attitude is down and the price drops below $30k, it's time to buy and sell with a small profit.
Topic: Bitcoin may likely pull back to 35k (Read 969 times)
It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.
For almost the past month, the market has been declining. Today, there is a lot of doom and gloom on the market. Many of the merchant's old holdings have been liquidated as well. For now, it might be an opportunity for you to be able to engage in short-term trading. When the market's attitude is down and the price drops below $30k, it's time to buy and sell with a small profit. After seeing Elon's last tweet, I also thought something like that. I think he started accumulating BTC from the markets. His post already pushed the price above 30k, and I wouldn't be surprised if another piece of good news pushed the market to the 35k level. But I think we still haven't touched the bottom yet. Another major correction is yet to come, and BTC could fall below the 20k level before the next major pullback.
Yeah, with the way the price is moving, <$30k majority of last month and this could also be the trend this June as well. So I wouldn't be surprised if we haven't hit the bottom yet. Too many factors like a simple tweet from some influencers can push the price even further. So we need to be vigilant and we should be ready to buy when the price goes around $25k next month. If not, then good if $35k levels is reach. So still a win win for us if we look at the brighter side.
After seeing Elon's last tweet, I also thought something like that. I think he started accumulating BTC from the markets. His post already pushed the price above 30k, and I wouldn't be surprised if another piece of good news pushed the market to the 35k level. But I think we still haven't touched the bottom yet. Another major correction is yet to come, and BTC could fall below the 20k level before the next major pullback.
if 25k is the bottom then we already had passed that area right? or we have just take the lowest to 26 k and 1k price to be lessen before we finally take the bullish time again?
But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
That 25k was a bottom that had a huge support. Which means that if we broke under that, things could have been dangerous and it would have gone terribly wrong from there. Reaching to under 20k could have seen us go under 10k as well and that would have been terrible. This is why we are at a level where it's looking much better right now as it is currently.But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
This 26k bounce back means that we are going to be not falling anything under 25k for the upcoming period and will be doing much better in the long run as well. This is what I hope of course, maybe we won't rocket back, and we will just crash and go under 25k this time around, but I highly doubt it.
It will be uncharted territory isn't it, worse scenario is bottoming at -80% from ATH. So obviously it will be a bloodbath, and this could happened in the next couple of months if the selling pressure will continue at $29k. I don't think though that we will witnessed a good bull run, if we did, it will be in 2024-2025. So far we are going to see a sideways patterns. Don't want to sound loom and doom, but t it is better to be careful now so that it will not catch us off-guard later.
if 25k is the bottom then we already had passed that area right? or we have just take the lowest to 26 k and 1k price to be lessen before we finally take the bullish time again?
But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
That 25k was a bottom that had a huge support. Which means that if we broke under that, things could have been dangerous and it would have gone terribly wrong from there. Reaching to under 20k could have seen us go under 10k as well and that would have been terrible. This is why we are at a level where it's looking much better right now as it is currently.But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
This 26k bounce back means that we are going to be not falling anything under 25k for the upcoming period and will be doing much better in the long run as well. This is what I hope of course, maybe we won't rocket back, and we will just crash and go under 25k this time around, but I highly doubt it.
if 25k is the bottom then we already had passed that area right? or we have just take the lowest to 26 k and 1k price to be lessen before we finally take the bullish time again?
But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
That 25k was a bottom that had a huge support. Which means that if we broke under that, things could have been dangerous and it would have gone terribly wrong from there. Reaching to under 20k could have seen us go under 10k as well and that would have been terrible. This is why we are at a level where it's looking much better right now as it is currently.But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
This 26k bounce back means that we are going to be not falling anything under 25k for the upcoming period and will be doing much better in the long run as well. This is what I hope of course, maybe we won't rocket back, and we will just crash and go under 25k this time around, but I highly doubt it.
Bitcoin is currently trading at a price range of $34k. Looking at the price chart in the market, the decline in the price of bitcoin may continue to occur. Even if the technical indicators show a further decline towards the support zone in the $30k-$32K area.
You may be right in that statement seeing that Bitcoin is declining at an alarming rate and now heading to the 30k support region which may not favor most traders who were optimistic that the 35k region was the lowest limit Bitcoin will fail to before making a rebound to another new all-time high or minimum 45k price benchmark.Bitcoin is the major cryptocurrency and if it price is on a decline it will also affect other altcoins even more and analysts are now predicting 25k last drop line let see how the events will play out.
It is indeed hard to see how Bitcoin drops badly while we are seeking for more higher and more increases but this is the reality of cryptocurrency investing , this is how the volatility of the market goes and with that? we must always ready and always aware of the risk and also of the advantage , so in any case just sell when you think you cannot hold it? or Keep it long for the best result .
just Buy bitcoin , and hold , or sell bitcoin and wait for the right time to buy again.
Am not surprised at what we are witnessing now this is not the first time the Bitcoin market will have a free fall like this but one thing is certain if you can hold the price will rise again, must time I see such a fall as a signal for next bull run so let enjoy the ride in whichever direction the price goes either up or down.just Buy bitcoin , and hold , or sell bitcoin and wait for the right time to buy again.
today Bitcoin experienced a DUMP to below $29k, and has touched $28k,
I feel that this dump will continue to $20k before experiencing bullishness in 2024,
I analyzed it earlier, and understand the current chart, I hope it helps
Wrong, it is not 28k but dumped at 26k just today and this is a bad sign.I feel that this dump will continue to $20k before experiencing bullishness in 2024,
I analyzed it earlier, and understand the current chart, I hope it helps
it just happened that this does not come first quarter instead now at the second and we are sure in the third as well and decisions may come at the fourth .
Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.
I don't know what your reference is in predicting the estimated decline in bitcoin when you write this topic, but what you say seems to be starting to become a reality, now the bitcoin price is even starting to experience a sharper decline than you expected and there are no signs yet positives are likely to hinder the movement of bitcoin to return to the price of $ 40K, the amount of negative sentiment circulating in the market is the main cause of the current price decline and we do not know when the bitcoin price will recover again. 
I see the price of bitcoin is still likely to drop from the current price until corrected to the $28k area. the correction that made the bitcoin price drop in the last few weeks was caught in a negative trend. Therefore, if the current price correction continues, the bitcoin price will drop to the $28k area and it's possible that the bitcoin price will hit the $25k area again.
if 25k is the bottom then we already had passed that area right? or we have just take the lowest to 26 k and 1k price to be lessen before we finally take the bullish time again?But I don't see any below that level , this coin has been pulling down for almost a month now and maybe there might be a good site we can expect in the next couple of weeks or at least in 3rd quarter?
Well, you're right.
Bitcoin is now $35,852.
And it's more likely that it's going to go lower until next week. But hopefully it doesn't going to hold that much longer at these level.
That's just what I'm thinking of but yet, still a good price to start picking some if you haven't bought yet every time bitcoin has dipped.
And there are some thread and posts that says it may fell down to 20kish and if this happens then we must admit that this year will be the beginning of bearish market and the recovery can take part back on 2025?Bitcoin is now $35,852.
And it's more likely that it's going to go lower until next week. But hopefully it doesn't going to hold that much longer at these level.
That's just what I'm thinking of but yet, still a good price to start picking some if you haven't bought yet every time bitcoin has dipped.
IIRC, it has reached $29k.
And that's why we've thought that it was the actual start of the bear market but it wasn't. This time, it could be real but don't remove that possibility that it's still the same.
We may see some spikes again coming around the next months.
if there is a chance that the price will fall below 20k? then surely i can purchase another good amount as I have sold my coins when the price start to fall at 48k .
Agree. It is likely to drop more to $20k before the next pump in the bullish period. We have BTC halving in 2024, the next bullrun probably happens in 2025. But we don't know how it will be exactly, our prediction may be not accurate (wrong).
You're right, mate. Even though we can analyze and predict prices based on history and also the fundamentals that are happening, it can still be wrong. There is a possibility that the price could still drop to $20K as the market is really crashing right now and so far there has been no significant recovery.I also think that the next bullrun period might occur in the range of 2024 to 2025. The 2024 halving might affect the interest of traders and investors to buy bitcoin again.
Apparently, we still have the assurance for the price roll up but that is just when this bear market end and the question is when? The market just playing from $29k-$31k, buyers may take this chance in preparation for the next halving. In this way, the price will seem to increase as the demand meets high.
Bitcoin is currently trading at a price range of $34k. Looking at the price chart in the market, the decline in the price of bitcoin may continue to occur. Even if the technical indicators show a further decline towards the support zone in the $30k-$32K area.
You may be right in that statement seeing that Bitcoin is declining at an alarming rate and now heading to the 30k support region which may not favor most traders who were optimistic that the 35k region was the lowest limit Bitcoin will fail to before making a rebound to another new all-time high or minimum 45k price benchmark.Bitcoin is currently trading at a price range of $34k. Looking at the price chart in the market, the decline in the price of bitcoin may continue to occur. Even if the technical indicators show a further decline towards the support zone in the $30k-$32K area.
You may be right in that statement seeing that Bitcoin is declining at an alarming rate and now heading to the 30k support region which may not favor most traders who were optimistic that the 35k region was the lowest limit Bitcoin will fail to before making a rebound to another new all-time high or minimum 45k price benchmark.
Obviously, Bitcoin touched below 28,000 in the late days of last week and even with the present Bitcoin price there is a likelihood that the price may even dive below 25k which will be a good opportunity to buy more bitcoin for holding against the weakness of the UST market lately.
I see the price of bitcoin is still likely to drop from the current price until corrected to the $28k area. the correction that made the bitcoin price drop in the last few weeks was caught in a negative trend. Therefore, if the current price correction continues, the bitcoin price will drop to $28k the bitcoin price may hit the $25k area again.
If Bitcoin can be able to make a quick correction to 37,000 only then we can restore only then must the investor will cash out on the pretense of making a bet.
I see the price of bitcoin is still likely to drop from the current price until corrected to the $28k area. the correction that made the bitcoin price drop in the last few weeks was caught in a negative trend. Therefore, if the current price correction continues, the bitcoin price will drop to the $28k area and it's possible that the bitcoin price will hit the $25k area again.
Agree. It is likely to drop more to $20k before the next pump in the bullish period. We have BTC halving in 2024, the next bullrun probably happens in 2025. But we don't know how it will be exactly, our prediction may be not accurate (wrong).
You're right, mate. Even though we can analyze and predict prices based on history and also the fundamentals that are happening, it can still be wrong. There is a possibility that the price could still drop to $20K as the market is really crashing right now and so far there has been no significant recovery.I also think that the next bullrun period might occur in the range of 2024 to 2025. The 2024 halving might affect the interest of traders and investors to buy bitcoin again.
However, is it possible that Biden comes out tomorrow, and in a discussion say "...should be better, we need to figure out a better version, just like they created bitcoin as a better version of money"? I know it is unlikely, I know it will probably not happen, but is there a 100% GUARANTEED way of knowing it won't happen? Of course not, and price would be 100k at that point. So unexpected things could be both good but also bad as well.
Market is ruthless, market doesn't care about your ideas or your hopes or your wishes. Market makes whatever they can to profit from the prices and they will destroy everything on its path to make that profit. Look at what happened to Luna today, you think that was natural?
There were some people in the market who got in, and they realized they could make profit from the system Luna has, by just destroying it. They dropped it 95%+ and they felt no sorrow about it, because if you can make a profit from something and you don't? Then you are stupid or you shouldn't be in the market, why stop just because one project will fail, when you can profit? That's how the market approaches things.
One thing we must understand is the fact that most newbies are all in for the profits and this mentality gave them a wrong idea of the true nature of the market, their belief the market should only go.in the uptrend direction.
This is so because Bitcoin is viewed as a get rich quick investment to most newbies but to the ones, once you have gained a good knowledge of the market and its volatilities it tends to reduce your FOMO level and never minding the market conditions rather you take advantage of the market and buy whenever you can and also sell at the right price.
Market is ruthless, market doesn't care about your ideas or your hopes or your wishes. Market makes whatever they can to profit from the prices and they will destroy everything on its path to make that profit. Look at what happened to Luna today, you think that was natural?This is so because Bitcoin is viewed as a get rich quick investment to most newbies but to the ones, once you have gained a good knowledge of the market and its volatilities it tends to reduce your FOMO level and never minding the market conditions rather you take advantage of the market and buy whenever you can and also sell at the right price.
There were some people in the market who got in, and they realized they could make profit from the system Luna has, by just destroying it. They dropped it 95%+ and they felt no sorrow about it, because if you can make a profit from something and you don't? Then you are stupid or you shouldn't be in the market, why stop just because one project will fail, when you can profit? That's how market approaches things.
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