Bitcoin may likely pull back to 35k - page 7.

Oshosondy

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Quote from: LFC_Bitcoin on May 02, 2022, 03:49:42 PM

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.

Even if bitcoin go below $30000, it is for the best of those that felt they have missed to buy at the appropriate time, these are the kind of people that will buy and more people will buy and the price will increase again and we will see ATH. I too think bitcoin will go below $30000 but I have a better investment plan. I will invest at $35000, invest more at $30000 and wait until 2025 or when it reach over $100000 which will become possible in few years to come.

Quote from: kotajikikox on May 03, 2022, 12:57:52 AM

so lets see what happens in the next couple of days.

Let us see what will happen in the next couple of days is trading and not investment which is riskier because to know what the price of bitcoin can be in the next couple of days is difficult, either bull or bear is a guess unlike long term.

kotajikikox

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Quote from: 24Kt on May 03, 2022, 12:44:04 AM

Quote from: kotajikikox on May 03, 2022, 12:27:40 AM

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.

it seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

If in case btc will go down below $30k, guess what? A lot will panic and spread fud for sure. But for those who are waiting this opportunity, definitely they will buy to increase their stash. If you have long-term vision on this market, it is easy to buy while it is low as you have no urgent financial needs. But if you need it, that's the time that you will suffer loss because you need to sell your stash whatever the market is.

Yes and that is two of what will come , Either those who will take this as favoring and those who will take this as losses but either of what will come? i will take this as both opportunity , I may Sell sooner ? or I will Buy later, I have funds inside my waiting for buying and i have my funds on holding.
so lets see what happens in the next couple of days.

24Kt

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Quote from: kotajikikox on May 03, 2022, 12:27:40 AM

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.

it seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

If in case btc will go down below $30k, guess what? A lot will panic and spread fud for sure. But for those who are waiting this opportunity, definitely they will buy to increase their stash. If you have long-term vision on this market, it is easy to buy while it is low as you have no urgent financial needs. But if you need it, that's the time that you will suffer loss because you need to sell your stash whatever the market is.

kotajikikox

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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.

it seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

lienfaye

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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.

Well, this happened before, the price dropped below $40k. Hence even the price plunge to $35k, I think its not so bad as long as it wont go lower than $30k. For me its a chance to buy more coins because we'll never know when will the price climb up again since the market is unpredicted. This quarter might not be the season for bullrun but we know the economic crisis is not yet over that might be one of the reason why the price is declining. But its better to take it positively by accumulating more and wait.

sheenshane

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Quote from: LFC_Bitcoin on May 02, 2022, 03:49:42 PM

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.

Your speculation might be right and hopefully, we will see a sign that the Bitcoin price will resist at the end of this year but based on my Crystal ball which is I used this for how many years to guess the Bitcoin price, I felt disappointed because it shows negativity about the production of the price and I want to break it and throw it into the wall.

I'm still being positive about my prediction and I hope my crystal ball is wrong since it's unpredictable the Bitcoin price it could be possible that there will still a new ATH this year and I hoping for that.

Sled

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The price even going to dump more, it is already reached $33k at this post, somewhat the fallbacks continue. I'd really feel the bear season and I hope this could never make the community start panicking but to remains at ease. I have no strong conviction about its dump but I foresee this will possibly move down close to $30k. I'd see no changes in its momentum and not even hear good news that might affect the trend, the market is even silent...

LFC_Bitcoin

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I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.

yhiaali3

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I would not be surprised if we watched the price of Bitcoin at 30k or slightly below that, we are actually in a bear market despite all the indicators that seemed positive for the rise of Bitcoin in the past period, but what actually happened violated all expectations and the Bitcoin continued to fall instead, in my opinion The decline will continue for a period of time, perhaps until the end of the third quarter of this year, after that, the market will begin to recover and rise until the end of the year.

NeuroticFish

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Interestingly some news came out today - some about this or that institutional investor that bought Bitcoin, some about big names writing to the senate on the "bitcoin is bad for environment" bs, some (probably fake) about Apple buying bitcoin. Is is that some try (too) hard to increase people's trust in Bitcoin (and the price), or just a coincidence?

Price falling to 35k? Possible. 30k? Maybe. Still, with mining hash rate getting ATH after ATH I think (or just hope?) that even if the price goes low(er) it won't stay there for long. Also even today's evolution has shown that there are some that are watching the price and buying in when it's profitable enough.

batang_bitcoin

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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.

It's okay. Before it's under $40k and it's still okay and then the possibility of going to $35k, still it's okay.
We always take it like this whenever the market is on a red radar, we're all speculative with it and the same when it's gone far and reaches new highs. The good thing that we're on right now, $37k-$38k is where it's playing.

Reid

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Luckily its not happening yet. The resistance in $37k to $38k is strong and we might end up looking at this as our new bottom. With all that is happening globally economically it should've been in the worst price by now but it didn't, that should mean a lot for all the investors that are planning to buy Bitcoin.
I see FUD scattered all over social media and there are pretend analysts that are backing up a big dump to happen because of the recent event like Musk pursuing Doge to be hyped using his newly owned toy, which could mean the fall of BTC if investors switched into it, but nothing happens yet.

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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.

it will, it has a possibility to drop to 35k$ this quarter but i am sure that we will also back up in the last quarter of this year, i believe that there are a lot of surprises in the next few weeks maybe btc will end up to 60k$ again this year we need to wait there is still time and there will be a lot of good things happen.

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There is more price predictions coming out from experts mentioning a down turn of upto $25000. With that in account, there is more possible chances of decline in the market. For now there is more chances of market movements happening between $38k - $40k. Every market move is well connected to something happening around the cryptospace. Right now we don't experience something like that and what we see in the market movements is the real corrective growth.

Mamun74

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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.

I think it will be happened soon.Cz now bitcoin price around $38k level.But previous 1-2 ago bitcoin price was avobe $40k+.Market condition very hard now and bitcoin price is dropping day by day.Bitcoin price early dropped this year and staying around $40k but this week bitcoin price little dropped and reached under $40k.So i Think it will be happened with this month.

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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.

"Most likely" yes that's the term. Some market analyst I've read through social media doesn't really expecting something bullish this year. Regardless of what the events are. We have experienced the worst covid lock downs and outbreaks again and again, and then we have war that has affected the stocks.
But Bitcoin wasn't directly affected by it. However, crypto market and Bitcoin has it's own trend and this year could be a bearish trend, or shall we say the accumulation period.
We have seen price actions like this many times before, Btc could even fall below $30k. People should be ready with that.

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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.

To be honest, $35,000 and up to $30,000 for me is really possible as for me, it will help the Bitcoin price become more healthy and natural. After the long run-up to $60,000 and pullback around 50% for me is always possible in cryptocurrency, it is already proven a few years ago.
So, if it will help the Bitcoin price become healthy, I am always open to accepting it and the good news there is a good opportunity to buy and accumulate more Bitcoin at lower prices.

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This is based on what, though? What indicators and timeframes did you use? Did you manage to have analyzed what the current happenings are in the current market? I think it would be hard to correctly predict what could happen because the prices have a hard time breaking through $40k.

I do want it to go down in price in a way so that I could buy more at a discount. That's the way to think about it.

Oshosondy

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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.

If bitcoin has been in a bull season this year, it would be the first of its kind. In the past, comparing halving, bull-bear market and unfavorable year, two years after halving as been for the bears. It is what we are sure about that bitcoin can never make six digits this year and very possible it might go below $35000, but I still noticed that the support at $38000 to $39000 is very strong, the resistance at $40000. I do not know what can be the possible result of the price in a short time but if it would go below $35000, I do not think it will happen early as I expected that to have happened last week or before. But for long term holders, I do not see it bad to start investing now, bitcoin price has suffered losses and a good time to invest.

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Quote from: Chato1977 on May 01, 2022, 10:27:39 PM

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.

What should be the problem if the price goes down to 35k mate? because I am looking at this as an advantage. yeah i have a holding in which I bought at 32k but I still seek for a chance to buy again more and so if we are going to see a price fall? then this is my opportunity to buy again and thank you for that.

Nothing to worry for that you are still in profit. If the price drop below $30K, that's when many will panic once again. For now $37k has a strong support and its okay to just drop further to $35k.

For me I wouldn't want to panic when its too late, the best for me to act now since investing can be done later anyway. I have to put all the funds in stablecoin yet and if price bounces and trends are quick easy to predict, that's a safer way to do it.

Topic: Bitcoin may likely pull back to 35k - page 7. (Read 960 times)