Bitcoin Price Potential to Drop in the $32k Area

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Quote from: Ngemmeng on September 17, 2022, 06:24:11 AM

Quote from: Smitty Werben Man Jensen on August 14, 2022, 01:21:31 PM

Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

to be honest I think to reach $32k is very difficult in this year. the bitcoin price has been stuck around $20k for so long, we don't know if the bitcoin price has bottomed out or is just a temporary stop. I mean temporary stops like when the bitcoin price was around $40k and $30k, because at that price range the bitcoin price was also stuck for a long time.

The expectation $32,000 is a high one compared to the present situation, but who knows there will be a surprise on the way, the market is very unpredictable. I have read a lot of predictions on the forum and people believe that we reach the bottom of this bear season, which is $ 17,000 in June. Currently, Bitcoin is stuck around 20k$, which is a good thing according to everyone's predictions. If bitcoin loses this resistance then I think it will be dumped again and possibly find a new bottom. I don't expect that to happen although a drop in bitcoin is not necessarily a bad thing.

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Quote from: Smitty Werben Man Jensen on August 14, 2022, 01:21:31 PM

Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

to be honest I think to reach $32k is very difficult in this year. the bitcoin price has been stuck around $20k for so long, we don't know if the bitcoin price has bottomed out or is just a temporary stop. I mean temporary stops like when the bitcoin price was around $40k and $30k, because at that price range the bitcoin price was also stuck for a long time.

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Quote from: Chato1977 on May 05, 2022, 12:30:35 AM

Quote from: StreakW on May 04, 2022, 07:53:56 AM

The cryptocurrency market has failed to live up to traders' expectations as the bitcoin price is still struggling to get back above $40k. Bitcoin's attempt to hold its price above $40k indicates the sluggish momentum of the crypto market. For almost a month now the bitcoin price is between $37k-$39k. Currently, the price of Bitcoin is trading at around $38k. If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.

Seems like Bitcoin did not continue to fell down? there is a thread created recently about Bitcoin may fall down to 35k but it fails and so as yours cannot be happen because Bitcoin now is climbing back and running to 40k again and here it is ..

https://coinmarketcap.com/currencies/bitcoin/

I believe that it is not the fall that coming but instead it is the recovery is coming near us.

For the last few weeks till now the bitcoin price has been trading in the $20k-$19k area. You need news updates to see price movements in the market. Even when I expected the bitcoin price to drop to the $32k level, it turned out that the bitcoin price had dropped to the $18k area. Therefore, even though the bitcoin price has slightly increased above $20k at the moment, it seems that the price recovery has not yet fully occurred.

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Quote from: Mario Yamasaki on August 04, 2022, 05:53:34 AM

Can't wait to see the price of Bitcoin immediately returned to $ 32K, I'm sure if the August can return to the level of $ 30k, the end of the year can pass ATH that had happened in 2021, as long as the price is still cheap then I suggest to continue to buy.

I think so too, it's time for us to use a strategy, don't In 3 years will think why oh why don't I buy when it reaches 20k.
therefore have an investment strategy and stick to it. Take profit when you can, buy more when you can and do nothing when you can.
Eliminate emotions and apply logic.

aylabadia05

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Quote from: Smitty Werben Man Jensen on August 14, 2022, 01:21:31 PM

Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

The momentum of Bitcoin movement has begun to subside after last week was seen bullish. Currently the Bitcoin price is trading at $23.5k.
It takes calm in the face of market conditions, especially Bitcoin. The decline in Bitcoin price this time is the fourth session since Wednesday for several reasons. Technically, the Bitcoin moving average is in the strong selling category this week according to Tradingview.

The crypto market is indeed very volatile, so it requires strong analysis to be able to understand well what to do when faced with conditions like the current situation.

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Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

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Quote from: StreakW on August 11, 2022, 01:26:43 PM

The bitcoin price is currently in the $24k area and is still forming a bearish flag which will result in a further bearish potential. I can't recommend buying for now but if the price breaks through the $30k level in the near future, then the potential price will go up quite high and it's possible that the end of the year could touch ATH again.

Wouldn't it be better to buy at a slightly cheaper price than wait for the $30K level? because I think it's still very profitable if someone is willing to buy Bitcoin now before seeing the $30K level in the near future. Although that level may look very tough to happen in the near term as Bitcoin is only moving at $24K - $25K levels right now with no sign of rising to higher levels than now.

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Quote from: SirLancelot on June 16, 2022, 11:01:21 AM

Quote from: lepbagong on June 15, 2022, 05:18:12 AM

Seeing the current price of Bitcoin has touched the price of $ 20K+ and of course this could have continued to decline below that price could have happened and no one estimated that this would be like this.
You don't need to panic, friend, if indeed you are currently holding Bitcoin, still maintaining because there is a time where Bitcoin will increase, so there is nothing to do. Now you just focus on other things, let Bitcoin do something according to its time which will increase by yourself.

Some says that the bottom is near so this means that 20k is not the final crash but there's more to come. Oh my God, this is bad as this can scare more people but the situation is still in control for those who believes in bitcoin. They in fact like this because they can buy btc at cheaper rates once again.

yes .... for those who are always with bitcoin, whatever situation that happens to him as of now, will not shake to keep holding bitcoin until the time is right to do with bitcoin. although it is possible that the price will continue to fall below the $20K price. You are right, my friend, that many people like this, of course, the opportunity to continue to buy and hold it

Quote from: SirLancelot on June 16, 2022, 11:01:21 AM

Many people didn't expect this but there are a few of them that already saw this coming. They based their prediction on the year of 2018. There's a a thing that we can do for now, that is to buy and continue hodling. If we are worrying then leaving the market for a while can help us a lot. Btc doesn't only increase by itself but it needs the support of the public.

it is clear for the development of new projects with the decline in the price of bitcoin, will make them afraid of being affected by the tokens that will be sold, as well as other coins will continue to decline. but this is something that bitcoin holders are also waiting for to hold on to and if they can continue to increase purchases, remember also holding on longer will make bitcoins will soon be able to rise from the slump, don't sell because it triggers the price to continue to fall.

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Quote from: Mario Yamasaki on August 04, 2022, 05:53:34 AM

Can't wait to see the price of Bitcoin immediately returned to $ 32K, I'm sure if the August can return to the level of $ 30k, the end of the year can pass ATH that had happened in 2021, as long as the price is still cheap then I suggest to continue to buy.

The bitcoin price is currently in the $24k area and is still forming a bearish flag which will result in a further bearish potential. I can't recommend buying for now but if the price breaks through the $30k level in the near future, then the potential price will go up quite high and it's possible that the end of the year could touch ATH again.

STT

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Good adherence to a positive trend for 7 days now and back above the weekly average also, seems we continue positive. Highs are suppressed still and we need to break resistance looks like, we are nowhere near the range from the OP chart but I think we can challenge that area once past this current action.

As always needs a qualifier to the statement, 23k is quite clear on the lows here. Failing to hold that negates the positive conclusion from the last week.

TravelMug

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Quote from: Mario Yamasaki on August 04, 2022, 05:53:34 AM

Can't wait to see the price of Bitcoin immediately returned to $ 32K, I'm sure if the August can return to the level of $ 30k, the end of the year can pass ATH that had happened in 2021, as long as the price is still cheap then I suggest to continue to buy.

Well be hard though, we are lucky that we didn't see the price still go down after hitting $17,500. And others says that the TA pointed to the direction that we might have hit the lows already.

But it doesn't mean that $30k or even higher is in the horizon for us, we are still in somewhat turbulence area, $20k might be the supporting lines for now and hopefully it can hold as long as it can before we will see a positive break out run before the end of the year.

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Quote from: Sir Legend on June 09, 2022, 10:39:45 AM

Almost 3 months we are under $32k, of course this is a long time to immediately see the market rising again, many impacts we get when the market is red, for example, are many projects that fail to reach softcap and of course this has an impact on bounty hunters.

agree, your friend is right, indeed the market has corrected since the beginning of the year and is at $32K indeed since the first week in last May and doesn't seem to be moving better to get past that number, but there is an increase from June which is in a position below $20 K.
but about the many failed projects, not always because the project failed to achieve minimal sales, but because of the Dev factor who was really naughty by looking for a moment's profit, but I agree that apart from investors who are losing money but bunty hunters are not even worth getting the prizes they receive.

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Quote from: doomloop on August 03, 2022, 12:55:35 PM

Quote from: ?? on ??

We are far away in the $ 32K area, even more than 3 months we are in the range of $ 20k,

But, the 32k that he mean was in may (last 2 months ago) while for now, the price only sits at 23k so we need 9k more to be able to get to 32k. That was possible but I think that will happen around october to november since many saying that we can end the year with a 35k.

I think 32k wouldn't need to be in a long time later, it could happen somewhere close. Won't be an easy ask, but it wouldn't be too hard neither. I am guessing that the best thing do right now would be making sure that we do not drop. If we do not have a bear month then it means we could maybe make a bull run as well.

This is of course just a guess and we may not know what we are into right now. If the price starts to go up, then being 32k soon is not that hard, it could take like maybe 10 days to get there and we are already at the start of the month, not too well into it. Sad to see the conversion go from "going down" to 32k to "going up to" 32k dollars in just span of a few months.

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Can't wait to see the price of Bitcoin immediately returned to $ 32K, I'm sure if the August can return to the level of $ 30k, the end of the year can pass ATH that had happened in 2021, as long as the price is still cheap then I suggest to continue to buy.

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Quote from: ?? on ??

We are far away in the $ 32K area, even more than 3 months we are in the range of $ 20k,

But, the 32k that he mean was in may (last 2 months ago) while for now, the price only sits at 23k so we need 9k more to be able to get to 32k. That was possible but I think that will happen around october to november since many saying that we can end the year with a 35k.

Quote from: ?? on ??

of course no one thinks that Bitcoin will drop like now, this is what makes us must always be realistic when invest Selling even though only part of it.

Of course not but there's actually people that think the value can drop because we are done with the bull phase last time and it is usually followed up by a bear. This drop we have now is in fact still small but people are expecting for a 13k or even lower than that. This is the reality when investing in cryptos so one must accept it if they want to earn because a dip like this is still an opportunity that will be used later on when the pump comes back.

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Quote from: StreakW on June 25, 2022, 06:37:57 AM

Quote from: TelolettOm on May 04, 2022, 05:41:29 PM

Quote from: StreakW on May 04, 2022, 07:53:56 AM

If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.

Why it should drop to $32k? I don't think it will drop to $32, but $35 is possible. However, the price of Bitcoin is increasing right now, it even goes to $40k. Why do we predict the price to drop to $32k? I am thinking that the price of Bitcoin to have the chance jumping to $45k again after its sideway several months. In the current 2 months, Bitcoin price is around $38k-$40k. If there will be good news about crypto or Bitcoin in the next few weeks or months, I assume the price of Bitcoin may jump to $45k again.

Bitcoin price is currently in the $21k area buddy. I don't see any sign that the bitcoin price will hit $40k again this month because the negative sentiment in the market and the large increase in interest rates have greatly contributed to the decline in the bitcoin price.

The effect of the Fed's rate hike not yet seem to wear off at the moment, so it's hard to say if the market will recover quickly, bitcoin is currently relatively stable and playing at $20k-$21K, and it's very difficult to see the price return to $40K in the near future because there are still many negative issues that hit bitcoin at this time.

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Quote from: TelolettOm on May 04, 2022, 05:41:29 PM

Quote from: StreakW on May 04, 2022, 07:53:56 AM

If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.

Why it should drop to $32k? I don't think it will drop to $32, but $35 is possible. However, the price of Bitcoin is increasing right now, it even goes to $40k. Why do we predict the price to drop to $32k? I am thinking that the price of Bitcoin to have the chance jumping to $45k again after its sideway several months. In the current 2 months, Bitcoin price is around $38k-$40k. If there will be good news about crypto or Bitcoin in the next few weeks or months, I assume the price of Bitcoin may jump to $45k again.

Bitcoin price is currently in the $21k area buddy. I don't see any sign that the bitcoin price will hit $40k again this month because the negative sentiment in the market and the large increase in interest rates have greatly contributed to the decline in the bitcoin price.

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Quote from: cryptomaniac_xxx on June 24, 2022, 05:15:40 PM

^^ Maybe your technical analysis is for sure no longer validated by now. Your thread was open up months ago and obviously many things have change by then. So maybe it's time for you to have a new TA and see where we are heading.

For the recent price movement though, good to see a good recovery to $21k again. We went $17k-$21k->$19k this week and then back to this level again this weekend. So hopefully no more dumps and maintain at this level at the end of the month.

There are so many factors that influence the movement of Bitcoin, so we really have to do technical analysis on a regular basis. So that we can
predict a little more accurately, especially since there are so many surprises that have happened this year, making the crypto market more volatile.
So the more often we analyze the market, the better for us to know where the market is going. So don't be too hasty in a situation like now to make
a decision, we have to monitor the market and analyze it first. But indeed the market looks better after Bitcoin managed to return to the price of $ 21k,
but we should not be too happy to see that. There is still a possibility that Bitcoin will still drop below $20k again, so stay alert and always do
regular analysis, in order to make the right decision.

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^^ Maybe your technical analysis is for sure no longer validated by now. Your thread was open up months ago and obviously many things have change by then. So maybe it's time for you to have a new TA and see where we are heading.

For the recent price movement though, good to see a good recovery to $21k again. We went $17k-$21k->$19k this week and then back to this level again this weekend. So hopefully no more dumps and maintain at this level at the end of the month.

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Quote from: lepbagong on June 15, 2022, 05:18:12 AM

Seeing the current price of Bitcoin has touched the price of $ 20K+ and of course this could have continued to decline below that price could have happened and no one estimated that this would be like this.
You don't need to panic, friend, if indeed you are currently holding Bitcoin, still maintaining because there is a time where Bitcoin will increase, so there is nothing to do. Now you just focus on other things, let Bitcoin do something according to its time which will increase by yourself.

Panic is the enemy of profit if you ask me. Anyone who feels panic because of this drop, could make a sudden and unexpected but a wrong move, which would result with them regretting it later on in life. This is why I believe that we should not be accepting any panic in our life just because crypto dropped.

I have seen people with anxiety crisis let alone panic, just because crypto went down, people who committed suicide after Luna deal, all because they lost a ton of money. Why would you risk so much money on Luna? Like what was even the point of investing that much on Luna? I get bitcoin, but luna??? Really? So panic is everywhere in the world, because people make bad investments at wrong times.

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