Bitcoin may likely pull back to 35k - page 3.

Oasisman

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Quote from: Lubang Bawah on May 09, 2022, 02:45:21 AM

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.

This is actually a sign that Btc may continue to dip in the coming days and weeks or even months and I don't really see it as "bad" sign. Inf fact that's a sign of another opportunity. Though I understand most of the hodlers will inevitably going to worry and fear Btc might not be able to recover the way it has recovered before. But nah, It did not happen before after 11 years of Bitcoin existence it did not happen. So, Bitcoin will continue to rise every year passed.

MinMan

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Quote from: YOSHIE on May 05, 2022, 12:30:17 PM

Speculation and facts today Bitcoin is traded at the level of $36,800, which means that it is very likely that the price of Bitcoin can happen as you say and expect, considering that this month continues to experience price changes every day.

For me, maybe I didn't expect Bitcoin to drop further 0.60% down and up to 0.60% again is sufficient, my predictions and speculations tend to be better to trade now, per day & hourly, that's better, than waiting for the Bitcoin price to fall free.

If the price drop continues this month, then it will probably not be going to look great anytime soon. Unfortunately for all those who invested when it went under 40k like me because we believed it would recover but that is the risk we take when investing into crypto, we believed that it could drop at any moment but recovery shouldn't take long.

That’s the good part of it though bitcoin may not be high right now but at the same time it is not going to stay that low for a long time, it always recovers, it will even break ATH eventually one day. This is why even though the drop seems like it could take us to 35k or even lower, I have to say it's also not a big problem.

Lubang Bawah

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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.

TimeTeller

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Quote from: suzanne5223 on May 08, 2022, 01:46:27 PM

Quote from: Captain Corporate on May 07, 2022, 06:57:52 PM

When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

But in this market, we are always surprised for what's about to happen next.
As we don't know if our speculations will happen or not, we are just waiting for the market's next movement.
It is true that we should never rely on previous trend because the factors are already different.
And the stakeholders are also changing or increasing. The contributing factors are varying each day.
But one thing we have seen, if btc goes down, somewhere down the road, it will always bounce back.
But when? Nobody knows. So if you feel this level right now is a good opportunity to accumulate, why not?

suzanne5223

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Quote from: Captain Corporate on May 07, 2022, 06:57:52 PM

When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

Mamun74

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Bitcoin price already pull back to 35k.Currency Bitcoin price around $34k+.Very disappointed with the bitcoin price this year.Many people was expecting bitcoin price will be surprised us this year.But bitcoin price early dropped this year. Bitcoin price staying $40k above or under but this month bitcoin very much dropping. I still believe bitcoin price movement correction. I hope bitcoin price will be recover again and bitcoin price will be more increase this year.

Odusko

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Quote from: mattujusuruga on May 08, 2022, 04:35:48 AM

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.

tygeade

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Quote from: evilgreed on May 07, 2022, 03:05:04 AM

Quote from: Pejoh Asu on May 06, 2022, 07:49:43 AM

Now the price of Bitcoin is back to $ 35k, I often hear that many people will buy when the price of $ 35k, of course many are panicked and worried about seeing Bitcoin prospects, but I have to convince that big dumping like today is common, what we do is be patient , don't panic and of course focus on continuing to buy is the best step for profit.

Honestly, I have the same thoughts although, right now, it is more likely to go down to 34k+ then 32k or even 29k if the bulls do not manage to break the bearish momentum. Still though, I am very optimistic for this month. I personally think that we may see a huge bounce a few days later after some more time playing at the current areas that the bitcoin price is in. And yes, buying on these dumps little by little is the best choice if you currently have some altcoins that are catching your attention.

I am guessing that it would be a situation where people would end up getting tired of the drop and eventually start buying. We should realize that bitcoin price goes down to a level, and then eventually people say that it is enough and they see it as a good price to get in, and they start jumping into it because it is such a low price, and they end up with making it a bit going high, and that results with others to get hyped about it, and long futures gets higher, and short futures are liquidated, and that type of situation results with a exponential growth.

This is why I believe that we are down enough and soon enough people will start buying and starting that chain reaction.

mattujusuruga

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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.

fortuner

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Quote from: Captain Corporate on May 07, 2022, 06:57:52 PM

When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

You are so sure of your principles yes and you are even sure that they will reverse course once they touch the new ATH.
I don't know how much longer we have to wait for a good time to market bitcoin.
Even now bitcoin is still around $ 34 thousand and to reach a price below $ 30 thousand may not be long.

Captain Corporate

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When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

boyptc

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Quote from: rodskee on May 06, 2022, 07:44:08 AM

Quote from: boyptc on May 06, 2022, 07:29:57 AM

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?

The same goes for last year.

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.

Odusko

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Quote from: 777Jolami on May 07, 2022, 09:59:10 AM

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have. could recover to $40k for investors to ease their worries.

The predicted $35k Bitcoin price is now evidence and the reality is here with most whales taking advantage of the dip to stock up their bags which were laid off when Bitcoin was $45k and above at this moment it is time to take a.long break after the bag are filled I don't think Bitcoin will go below 35k before it makes a rebound to it 40k above.

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Quote from: Odusko on May 01, 2022, 04:54:35 PM

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.

So as per expectation, bitcoin is back to 35,000$. Now do you think it will move up from here or are we heading towards the 30,000$?
Fundamentally, bitcoin is too much strong and a hedge against inflation, so I don't think it should go further down but we do not know what whales are planning short term?

Pesona1

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Quote from: 777Jolami on May 07, 2022, 09:59:10 AM

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have. could recover to $40k for investors to ease their worries.

It's quite sad to see the market continues to redden today, although the previous bitcoin price had strengthened to $40K but I don't know what happened so that bitcoin experienced a correction like now, the fall in bitcoin prices I think it still has something to do with the US central bank (The Fed) decided to raise its benchmark interest rate by 50 basis points a few days ago, I think the FED decision is a very strong blow to bitcoin and the current decline may not have bottomed out yet.

Silberman

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Quote from: 777Jolami on May 07, 2022, 09:59:10 AM

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have. could recover to $40k for investors to ease their worries.

I doubt that investors are worried about what is happening and instead they are taking the opportunity to buy some bitcoin at a decent price before it is too late, the ones that are worried are the ones that entered this market because of FOMO and they are realizing they are not going to recover their money any time soon and they are thinking about selling their coins, if they have not done so already, and finally materialize their losses.

777Jolami

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After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have. could recover to $40k for investors to ease their worries.

fzkto

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Many are now waiting for bitcoin at lower prices, some at 30k and some even more pessimistically below 20k. Twitter can sometimes serve as a good indicator, there too most are waiting for further price declines. And that can mean that the crowd is more often wrong, so maybe bitcoin is near the bottom now.

evilgreed

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Quote from: Pejoh Asu on May 06, 2022, 07:49:43 AM

Now the price of Bitcoin is back to $ 35k, I often hear that many people will buy when the price of $ 35k, of course many are panicked and worried about seeing Bitcoin prospects, but I have to convince that big dumping like today is common, what we do is be patient , don't panic and of course focus on continuing to buy is the best step for profit.

Honestly, I have the same thoughts although, right now, it is more likely to go down to 34k+ then 32k or even 29k if the bulls do not manage to break the bearish momentum. Still though, I am very optimistic for this month. I personally think that we may see a huge bounce a few days later after some more time playing at the current areas that the bitcoin price is in. And yes, buying on these dumps little by little is the best choice if you currently have some altcoins that are catching your attention.

Wawa2013

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Quote from: kidbounty on May 06, 2022, 10:32:47 PM

Quote from: Odusko on May 01, 2022, 04:54:35 PM

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.

yes your prediction is absolutely right, yesterday bitcoin dropped to 35,000. and what's worse is that there is no sign of a reversal yet. the probability of bitcoin falling to 30,000 is still very high, and this will make the market worse. the current situation is not suitable for trading. It is very difficult to see what will happen in the future because the market is in a very bad situation.

That's why I always recommend that people study the crypto world well first, before finally deciding to invest in Bitcoin. So that when a bad situation
occurs like now, we don't panic and end up experiencing losses because we sell Bitcoin at low prices. I admit the current decline is the worst in 2022,
but it doesn't worry me, because I have experience and understand how Bitcoin works. Because from the very beginning Bitcoin was an investment
with a very high risk, so we can't expect the price of Bitcoin to always go up, we also have to be ready to face the bear trend that occurs. There is
a possibility that Bitcoin will still drop even lower, but if that happens, we just need to be patient holding the Bitcoins we have and if we have extra
money we can buy more Bitcoins every time the price drops. Because the decline in the price of Bitcoin like now has actually happened, so there is
no need to worry. As long as we don't sell our Bitcoins, we haven't lost anything. We just need to be patient and wait until the Bitcoin price recovers
and rises again.

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