Bitcoin may likely pull back to 35k - page 4.

kotajikikox

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

sometimes it is not what we said in the past and what we have today , Bitcoin is a good investment but of course there are chance of this to gain high.

but for now I believe that we are going to drop badly this season , second quarter seems to be the lowering season for every currency and the market is surviving badly and this is what we can see now.

at 35k now? then there will be a 30k? or even 25k?

kidbounty

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Quote from: Odusko on May 01, 2022, 03:54:35 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.

STT

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My gamble would be on the 34k to 40k area as a reasonable range of prices both in this year and previously. We had 6 weekly red bars in a row so far, depends how you read that but dont fight trend is often good advice. Anyone who cant afford to pay for being wrong really should buy after we prove 34k isnt happening and then you can bet for the train trip back to 40k perhaps getting off whenever you feel like and in profit at that time. As a trade thats the best practice, check you will be travelling in the right direction before stepping on board.

Oceat

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Quote from: evilgreed on May 05, 2022, 10:39:16 PM

Quote from: Oceat on May 05, 2022, 06:58:00 PM

I didn't expect it to happen that quick though then I guess those $37k to $39k down back to $36k is a sign that we are entering bear market. That was a quick bull trap I thought it would bounce back to $40k again but not happening plus the FUD are starting to spread again so it's likely we are going to enter in a bear trend some time or maybe this whole month will be a red for some time.

We don't know yet what will happen next month but I do hope there's a come back or we could just hodl and buy the dip if it doesn't pump back.

Me neither. I was forced to take small profits and my short orders were not filled. Looking at the current situation of the market, there is a lot of selling pressure and I am expecting this to continue for at least a few more days. Lowest expected drop would be 33k but I'm not going to bite and go ahead and open a short for now. If I were to make an honest opinion, I would say that a bounce back is bound to happen which may happen a week from now or in the middle of this month. So until I have more confirmation to the upside or downside, I'm not opening huge trades.

Well, that's right always practice the safety first because dealing with the bear is kinda difficult without confirmation and the speculation were talking about that this would eventually back to 20k-ish$. It seems like it's time to hodl until the next pump or buy the dip but we don't know yet if this dip will stop for a moment or it would continue to dip further. Although, if there's a bounce back to happen I'm sure it's not the same price again if we're dealing with the bear market or maybe it's different than today. Huh

Marvell1

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Quote from: kawetsriyanto on May 06, 2022, 04:36:07 PM

Quote from: Dave1 on May 05, 2022, 10:57:21 PM

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

If you want to buy BTC, I suggest waiting for a lower price. $36k isn't a safe rate for buying, the price of BTC is likely to drop to $33k before it rises again temporarily. Don't risk your money, better to be patient to buy at the dip. Wink

Fear and panic are covering the whole market as bitcoin has reached 35k. All indicators suggest bitcoin could continue to fall, maybe 33k maybe even 30k but I think at this price we can start shopping. If you are a holder then there is no need to worry if bitcoin continues to fall.

The market is unpredictable so take your chance when you get it, I don't recommend all-in at this price but split up and buy in batches if the price continues to drop.

kawetsriyanto

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Quote from: Dave1 on May 05, 2022, 10:57:21 PM

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k

Yep, the bearish period has started since the beginning of the year. As 2021 was the peak of Bullrun, 2022 is the first year for the bearish period. So, it was not surprising if the price couldn't go $50k again, it was a clear sign of a bearish season. Unfortunately, many people still dream to see BTC price to have another ATH in 2022, even to expect $100k. It is normal to dream, but don't dream at the wrong time.

Quote from: Dave1 on May 05, 2022, 10:57:21 PM

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

If you want to buy BTC, I suggest waiting for a lower price. $36k isn't a safe rate for buying, the price of BTC is likely to drop to $33k before it rises again temporarily. Don't risk your money, better to be patient to buy at the dip. Wink

el kaka22

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What I believe could happen is that there is too much stress and pressure on crypto right now. Too many people either lost money, or they are waiting for it to go up again. Which means that there will be plenty of people who will be ready to buy, all those that got out, do you think they already spent their money and it's gone? They are holding it either in fiat or in stablecoins and waiting to get in as quickly as possible to make money as soon as the tide turns.

So, all we need is a little bit of push and we are going to see plenty of people get back into the market and buy and make the price go up very fast. We just need that little push, like go back to 39k+ for example, and rest will be easier.

skarais

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

Today the price of bitcoin had experienced a decline that touched the price of $35K, but now it has improved slightly where the price is already in the range of $36K. I don't expect a deeper drop than $35K even though it's always a possibility, but I wouldn't worry too much about a situation like this as I firmly believe that a recovery is always possible post a dip.

Panic has been driving prices down deeper for some time, that's normal and it's not an overreaction for those who don't want to lose more. Granted, holding is the best way to maximize profits in the long term but not everyone can do it as long as the market is correcting.

LogitechMouse

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Its happening already. Bitcoin is around $35.6k as of this moment base on Coingecko.
The rejection of $40,000 is the reason why it is going downwards again and unfortunately, this downward trend might continue for weeks to months so I hope everyone is ready for it.

We might see Bitcoin again @$30,000 like what happened last year because of what is happening right now globally. No good things happening that can increase the price of the market right now. US stocks are down as well. If you have spare money, plan your buying price already because for me I already planned mine

. I hope nobody is panicking right now on what is happening.

Pejoh Asu

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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.

rodskee

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Quote from: boyptc on May 06, 2022, 06:29:57 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?

Quote from: arufox on May 06, 2022, 05:08:42 AM

Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

Yeah , earlier today it is still at 37k and now down to 35k , what can we expect in the next 24 hrs?

boyptc

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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.

Yaunfitda

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Quote from: Raflesia on May 05, 2022, 04:19:31 PM

Quote from: Yaunfitda on May 05, 2022, 02:13:50 PM

And just like that, when we thought that the price is recovering at the rate of hitting $40k, the price goes down hard and we might see $35k in the next coming days.

It's obvious by now that the jump was a bear trap and for sure some of us was caught. Anyhow, we are in a bear market, so expect the price to really dip down hard. We just have to be cautious specially if we do day trade because it's going to be very difficult if you don't have the experience.

We are stuck now after bitcoin started crawling to $40k so I am ready to buy but after I checked the downside of the jump is very significant we are in a tough situation and the bear market is really coming for now but my only option is to hold on until bitcoin comes back recover.

Or am I still considering whether this is a good enough buy with the right $36k and $35k buy? It seems I need to correct for a moment to see in the analysis I use.
Honestly this decline is really surprising.

I think it's better to enter around this price mate, for me this is still a good entry level. And if by chance the price continue to decline around the $30k-$32k, then you can go and buy as well.

as I have said, $40k and then a decline to $35k-$36k? something might be really affecting it that investors really sold out because they panic. Regardless though, as I have been saying since January, we are in a bear market so expect the worst.

cryptomaniac_xxx

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Quote from: arufox on May 06, 2022, 05:08:42 AM

Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

At least the price seems to move sideways along the $36k area, and the scenario about breaching $35k is still there although it might take days as it seems the collapse has stop.

There are news about the Fed hike rate and then the war at the background, two events that really affected the price in a negative way. Although we can just say that the bear market is really here that's why the price goes down hard.

arufox

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Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

Sir Legend

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Today there was another big correction, the bitcoin price dropped more than 8% and is currently around $36k, maybe the trend every 4 years will repeat itself in 2022, of course this makes us always have to be vigilant and keep an eye on the market, if the bitcoin price drops at below $33k then I immediately switch to stable coins to avoid bigger losses and wait for market conditions.

fzkto

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If the stock market along with the S&P500 collapses, bitcoin will fall below 35k because it is already worth 36k. If the price reaches 30k, there could be a panic and then a repeat of the March 2020 scenario. If that happens, we will probably see 20k per bitcoin or even lower. But I still hope that such a deep collapse will not happen.

kotajikikox

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Quote from: STT on May 05, 2022, 11:56:03 AM

Just like at the ATH, a failure upwards should be taken as very bearish. So right now we have failed in the positive outcomes to this pressure in the pricing, expect or at least have no surprise when its more then 35k we have to contend with. I dont see why the full range of pricing wouldnt be on the table, BTC had a positive bias and break down from here very easily can be said to negate that prior trend.

Looking at it now , I think LFC is correct that we might see this price below 35k mor even below 30k if the downfall continues.
there are many indication that we will be in the bear trend for the next coming months and Hate to do this but Maybe I will consider fulling out Half of my funds readying for purchasing if ever the value subside to 20k level .

onecall123

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Quote from: Don Pedro Dinero on May 06, 2022, 01:10:01 AM

Quote from: Dave1 on May 05, 2022, 10:57:21 PM

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k after reaching a all time high last November 2021.

Right, this could be a case of bull trap, or the bulls are trying to get it past $40k, unfortunately, the fed hike news really cause the price to really stumble after that short burst of run to almost $40k.

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

I think we are simply in a normal stage of this cycle, where the main difference with previous cycles is that the peak of the cycle has not been so high. We are going to spend until the next halving hovering around these levels, perhaps going down to the 20,000 zone and rising depending on macroeconomic factors but always without exceeding 70,000 until the next cycle.

Bitcoin is almost certain to pull back $35k. This is understandable. People have predicted that BTC could reach those levels again long ago. BTC trading below $37k while institutional support was supposed to be around $37k. Price is really susceptible to anything, that's the noise. It is important to understand the macro-flow of prices so you know when they are good or bad.

Don Pedro Dinero

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Quote from: Dave1 on May 05, 2022, 10:57:21 PM

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k after reaching a all time high last November 2021.

Right, this could be a case of bull trap, or the bulls are trying to get it past $40k, unfortunately, the fed hike news really cause the price to really stumble after that short burst of run to almost $40k.

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

I think we are simply in a normal stage of this cycle, where the main difference with previous cycles is that the peak of the cycle has not been so high. We are going to spend until the next halving hovering around these levels, perhaps going down to the 20,000 zone and rising depending on macroeconomic factors but always without exceeding 70,000 until the next cycle.

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