Bitcoin may likely pull back to 35k - page 5.

Dave1

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

Quote from: kawetsriyanto on May 05, 2022, 06:17:39 PM

Quote from: judaspriest on May 05, 2022, 03:11:56 PM

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. Wink

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.

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.

evilgreed

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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.

Oceat

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Quote from: kawetsriyanto on May 05, 2022, 06:17:39 PM

Quote from: judaspriest on May 05, 2022, 03:11:56 PM

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. Wink

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.

ajochems

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When the bitcoin will follow New Delhi.Even the price was increased or decrease due to the economic crisis The price of bitcoin was not increased huge.You need to wait huge for the 35k dollars.The bear market was sustained for long since the war begins.But the movement of the price will not back to 35k dollars.We need to hold for the longer period to get this 35k and it will be best price to inverse your money.

kawetsriyanto

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Quote from: judaspriest on May 05, 2022, 03:11:56 PM

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. Wink

dunfida

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Quote from: SirLancelot on May 05, 2022, 04:59:23 PM

Quote from: LogitechMouse on May 03, 2022, 08:05:14 AM

I will not be surprised if it will happen

. TBH, this might be the start of the multi-month bear market.
US Stock Market is down as well because of inflation (maybe) and the Stock Market and Bitcoin often moves in the same direction. The Ukraine-Russia affects the whole market as well.

This might happen and there is also a possibility that we might see Bitcoin at $30,000 with what is happening right now. Base on the fear and greed index, investors are feared right now. People see this one as a negative one but intelligent ones see this as an opportunity. Just continue Dollar Cost Averaging if you really trust Bitcoin and you believe that it will go up in a few months to years.

Nobody would be shocked, its crypto we are talking about and it happens all the time. I mean it is not like it is a shock to the world when crypto prices reached from 64k to under 30k for a while back in 2021, and then it reached to 68k after that.

So, as you can see the price could go down or up and both would be reasonable, it has always been like that. Fear means that you should buy right now by the way, I mean yes investors are fearing but that means that it is the perfect time to buy bitcoin and that is why I believe that we should be accumulating as much as we can right now, that would be benefiting us a lot, and will definitely mean more money later on.

Buy when everybody is fearful and this had been a common line and really connected out with investments which you should really be that mindful on making that particular step.Although this wont be simple because

emotions would be your primary problem or opponent on which you would really be that in hindrance towards price movement which it might go down even more and its true that its never been surprising

with this kind of condition where market could possibly plummet down as hard as 50% in overall ATH.People should really be that able to realize on how things behaves on this space.

SirLancelot

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Quote from: LogitechMouse on May 03, 2022, 08:05:14 AM

I will not be surprised if it will happen

. TBH, this might be the start of the multi-month bear market.
US Stock Market is down as well because of inflation (maybe) and the Stock Market and Bitcoin often moves in the same direction. The Ukraine-Russia affects the whole market as well.

This might happen and there is also a possibility that we might see Bitcoin at $30,000 with what is happening right now. Base on the fear and greed index, investors are feared right now. People see this one as a negative one but intelligent ones see this as an opportunity. Just continue Dollar Cost Averaging if you really trust Bitcoin and you believe that it will go up in a few months to years.

Nobody would be shocked, its crypto we are talking about and it happens all the time. I mean it is not like it is a shock to the world when crypto prices reached from 64k to under 30k for a while back in 2021, and then it reached to 68k after that.

So, as you can see the price could go down or up and both would be reasonable, it has always been like that. Fear means that you should buy right now by the way, I mean yes investors are fearing but that means that it is the perfect time to buy bitcoin and that is why I believe that we should be accumulating as much as we can right now, that would be benefiting us a lot, and will definitely mean more money later on.

Raflesia

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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.

judaspriest

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C O M B O

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yaunfitda

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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.

STT

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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.

YOSHIE

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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.

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.

evilgreed

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Quote from: Kelvinid on May 04, 2022, 09:34:41 AM

Well, I do hope this won't take so long as I was afraid this makes emotional individuals got to panic and it worse the situation. Very often to hear people becoming negative as the situation turns like this and it was understandable since we do speculate market depending on the current view.
I'd even think that the price of Bitcoin will move down closer to $30k. But never did I feel it down and worried about more drops if it happens, volatility sometimes was bad, and sometimes it was profitable.

Well at least earlier this day a lot of people have had the chance to get some sigh of relief since bitcoin a couple of hours earlier had a good breakout coupled with a good retest. I am quite curious how we will be doing as the weekends start to approach again though since most of the time the market seems to lack volume on weekends or drop. Not all the time though since there were also days when pumps happened on weekends. But just to keep safe, no leverage trades for me during the weekends or if ever, 5x maximum.

Joshapat

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Looks like Bitcoin will soon return to $ 40K and I'm happy because today is up more than 3% with the current price of more than $ 39K, I'm optimistic that Bitcoin immediately skyrocketed and this year the $ 100K target seems to happen soon.

Kemarit

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Quote from: Hypnosis00 on May 04, 2022, 06:29:05 PM

Quote from: Silberman on May 04, 2022, 11:59:55 AM

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

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

Fortunately, it seems the price has pick up again, going to $39,500++ and could be in the $40,000 if this rally continues.

So I hope that there is still some members who didn't wait for $35,000 to happen before re-entering because it they did, they they will probably have to wait again. The chances of having a pull back to $35,000 is still there though, but it might take some time. So for me, instead of waiting for that price, it's better to enter today, IMHO.

Fatunad

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Quote from: Hypnosis00 on May 04, 2022, 06:29:05 PM

Quote from: Silberman on May 04, 2022, 11:59:55 AM

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

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

Huge fallbacks are less likely to happen compared into those previous years that we do have in the market where it do plunges that low which everybody wasnt expecting.
Whenever we do see situations like this then its up to us whether we do see opportunities and made out immediate actions in relation to this.
If it do goes back to 35k then my money or funds is ready to make out some re-entry on this level.

Hypnosis00

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Quote from: Silberman on May 04, 2022, 11:59:55 AM

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

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

justdimin

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Quote from: evilgreed on May 04, 2022, 05:45:12 AM

Things are looking dire at the moment which is why lots of people are predicting the fall of btc back to 35k like you or for others, 28-30k areas. Which are all valid speculations. Though, I had my buy orders set and filled at 37K+ both on spot and on leverage. Will DCA or sell depending on the movement of the market. But for now, I do not see it going further down yet since in my perspective the market is still pretty undecided. I do hope though that we only go up from here on.

I really do not believe that it will go down that much. I also hope that people do not just rely all of their investments based on what they hear around the internet. That is usually a reason to lose all of your investments and I do not think that anyone should do such a thing. I get there is a case to be made about the fact that price could go down even further down and that's understandable.

However that doesn't mean that we shouldn't just reverse that any moment now, not that it hasn't happened before. I have been here long enough to see both price will go down calls resulting with going up and price will go up calls to replied with going down. So, anything could happen and we shouldn't just believe what we read online.

STT

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I think if there is a break of trend it'll be further then anywhere close like 35k, it'll push into the 20's perhaps. Usually the longer the trend has lasted, the larger the move when its no longer in force.
For the moment we are moving upwards and trading above the weekly average so there remains optimism in price action still.

I presume if we do continue to trade above 40k and confirm this with a daily bar close for example then it would mark a change in near term sentiment in the price.

Silberman

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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.

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

Topic: Bitcoin may likely pull back to 35k - page 5. (Read 958 times)