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.
Has exceeded $32k this week, Bitcoin is down, I believe Bitcoin this year can touch the $25k level, that's my belief, but we will see the actual results, until the lowest level, I personally will wait further down to invest in Bitcoin. 
Topic: Bitcoin Price Potential to Drop in the $32k Area - page 3. (Read 1155 times)
The graph you made two week ago turned out to be true that bitcoin fell to the $32k area. I had thought that the bitcoin price would not go down to the $32k level but it turns out that what we are seeing at the moment the bitcoin price continues to weaken and move bearish until it drops to the $29k area. It is likely that the crypto market will continue to decline and the price of bitcoin has the potential to drop to around $25k in the next few weeks.
The price was spotted being stable at 29k and it's been here this past days. I guess this was the latest support for bitcoin? But like we witness last time, there is still a tendency that the price will go up after a few days and then drop below 29k again. The 25k that you said is possible.There are even threads here which states that bitcoin can plunge 23k to 21k. That's pretty low and maybe that is what the lowest btc price can go within this year if ever the correction continue's. For those who want's to buy, now you know if what to expect. Just don't be greedy and expect beyond that points because I haven't seen anyone predicted lower than that.
The graph you made two week ago turned out to be true that bitcoin fell to the $32k area. I had thought that the bitcoin price would not go down to the $32k level but it turns out that what we are seeing at the moment the bitcoin price continues to weaken and move bearish until it drops to the $29k area. It is likely that the crypto market will continue to decline and the price of bitcoin has the potential to drop to around $25k in the next few weeks.
Anything is possible at this point, however while a price drop to 25k could happen I do not think that we are going to remain there for long as institutional and retail investors will simply buy all the bitcoin they can at those prices.However it is also difficult to see how a recovery could happen. as even if I think that luna is finished already and it is not going to recover this is a process that will take some time and it will bring unnecessary FUD to the market.
The graph you made two week ago turned out to be true that bitcoin fell to the $32k area. I had thought that the bitcoin price would not go down to the $32k level but it turns out that what we are seeing at the moment the bitcoin price continues to weaken and move bearish until it drops to the $29k area.
And we are still in the $29k area, unfortunately, there is no strength to even manage to pull above $30k although there are moment when the price hits $31k but no momentum whatsoever as investors continue to sell.
It is likely that the crypto market will continue to decline and the price of bitcoin has the potential to drop to around $25k in the next few weeks.
Most likely this month will be horrible to us, possible to drop to $25k if the selling pressure is still there. As I have said, 7 weeks in red candle and still counting, that really bad as far as technical indicators is concern.
The graph you made two week ago turned out to be true that bitcoin fell to the $32k area. I had thought that the bitcoin price would not go down to the $32k level but it turns out that what we are seeing at the moment the bitcoin price continues to weaken and move bearish until it drops to the $29k area. It is likely that the crypto market will continue to decline and the price of bitcoin has the potential to drop to around $25k in the next few weeks.
Welp, at least we had a bit of a sigh of relief this weekend. And at the time of writing this post, the price is at 30k+ which is pretty good in my opinion. I hope in a couple of hours as the Asian Monday starts, we'd see a good pump in the price of bitcoin and would continue to go up all throughout the week. Although, I think a pull back may happen but I am keeping myself positive right now, lol. Not jumping into any trades yet though since I am still waiting for a good daily close plus a few good confirmations.
^^ From the looks of the trading volume, I don't think it will be just a easy sailing to reach $30k or higher. The consensus is that expect more selling throughout this month as indicators shows that we are still very bearish despite hitting $30k.
And if I'm not mistaken, this is the longest that we have seen of red bars, straight 7 weeks. Indication that this decline might continue as we haven't hit the bottom yet.
And if I'm not mistaken, this is the longest that we have seen of red bars, straight 7 weeks. Indication that this decline might continue as we haven't hit the bottom yet.
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
So far the selling pressure has stop, but I doubt that we have seen the floor price. There could be another triggering factors that will push the price even further in the next coming month. I would like to see the price to somewhat in the $20k level, our previous all time high in 2017. For me that is the big opportunity to somewhat fill our bags, if it goes down hard again, good, if not still a win-win situation for us.
What a week for bitcoin though, just last month we have a good run, and not some factors affected it's decline. Nevertheless, if we as speculators have accepted that we are already in a bear market then definitely we won't panic at all and instead buy at this dip.
It was not easy for bitcoin either but we knew that at some point the selling pressure was going to relent and bitcoin will have an opportunity to reach 30000 again, now the question is where do go from here? Will the price remain close to 30000 or will the price go up again during the next days?
I would say the proper fix to current decline will be proven in stages. The ideal standard would really be to trade above the 50 day average alongside any other judgements to price level and volume occurring vs the inevitable profit takers along the way.
30k is not enough, to me thats just the underneath of the ice and I would still apprehensive of futher trouble. If you fall through the ice, how hard is it to get back out that would be the action and energy required to recover I think it wont exactly be easy to do so and typically after a low BTC needs to catch its breath a while imo.
This is quite a severe decline for whatever reason, a big test to pass
30k is not enough, to me thats just the underneath of the ice and I would still apprehensive of futher trouble. If you fall through the ice, how hard is it to get back out that would be the action and energy required to recover I think it wont exactly be easy to do so and typically after a low BTC needs to catch its breath a while imo.
This is quite a severe decline for whatever reason, a big test to pass
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
So far the selling pressure has stop, but I doubt that we have seen the floor price. There could be another triggering factors that will push the price even further in the next coming month. I would like to see the price to somewhat in the $20k level, our previous all time high in 2017. For me that is the big opportunity to somewhat fill our bags, if it goes down hard again, good, if not still a win-win situation for us.
What a week for bitcoin though, just last month we have a good run, and not some factors affected it's decline. Nevertheless, if we as speculators have accepted that we are already in a bear market then definitely we won't panic at all and instead buy at this dip.
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
So far the selling pressure has stop, but I doubt that we have seen the floor price. There could be another triggering factors that will push the price even further in the next coming month. I would like to see the price to somewhat in the $20k level, our previous all time high in 2017. For me that is the big opportunity to somewhat fill our bags, if it goes down hard again, good, if not still a win-win situation for us.
On top of that, the whole situation with Luna and UST isn't helping, and certainly became the icing on the cake. This incident also creates a distressing situation environment regarding cryptocurrencies, which will have a devastating effect on the market in the long-term as people will deem cryptocurrencies as manipulated assets, ponzis and scams.
I am pretty sure that it left an open door to many people though. I mean it is not the greatest situation ever, but it is not as horrible as one might think neither. It allows people to actually see the open door and get in there and make more profit. Sure it's down right now, but it is an artificial down, the market is down because of Luna and we all know this.It means, either we will start to ignore Luna as a whole market, or maybe Luna will recover a bit, whatever happens next, we all know that it will not be that bad, and when that happens, we are going to go high, and people know this hence why they are buying while it's going down without fear of catching a falling knife.
Yeah, I'm not sure Luna had much to do with it (or Terra or UST or whatever, can't really be super bothered to find out). Sure, they had to dump 1.5B dollars of Bitcoin if the news is true, but I never heard of them propping up the market when buying it either no?
I mean sure, they've probably not helped sentiment but at least it's helped us see if we're getting a floor -- doesn't look like it though.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
I do not see it going down that long, the Luna deal is basically done, they have dropped like 99%, how much could it lose, how much money could get out of it? Luna team basically milked every single cent they could from it, and they are now emptied, they can't sell more to make more money to recover USDT.The weird thing is, from here on out, I am pretty sure that UST can't be saved neither. They sacrificed the price of Luna in order to keep UST a bit higher, but now that Luna can't help them, they can't defend UST neither. So, the drop in bitcoin will stop, Luna will not recover, UST will fall and everything else will go back to normal.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
And it turns out that this morning we actually saw a crash that was quite surprising where the price of bitcoin had dropped to the level of $26.5K. We can probably expect that $26K is the lowest level during this crash if traders don't panic enough in response to a correcting market. The big drop is a frantic trader response that might be due to FUD, but if traders are not willing to sell their bitcoins at a lower price then the price may rebound.Yes, I might also consider DCA if I want to buy during this crash and it's a great option for getting more bitcoins when the price drops lower. Accumulation and DCA are good investment strategies when applied when the market is crashing, so I support your opinion.
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
I am also hoping that the 26k+ wick a couple of hours ago would be the new low and that a good recovery would happen. But yes, just like you I also see bitcoin going as low as 21k-20k+ levels. If the selling pressure continues and the bulls still don't take action, we may really see these prices again. But, as unpredictable crypto is, I also am expecting a move upwards half way through the month. So being in this unpredictable market, continuous accumulation and DCA is the most hassle free and effective way to gain profits in the long run.
Ok, so we're right in the drop zone right now. Again. Thought we might see a bounce after 29k but turned out to be absolutely and pitifully weak, we've just slid right down about 6% and might even get a new low in next hours, and then I'm really not sure if we survive above 25k by Sunday.
^No news update can save this current flop. Hang on tight.
On top of that, the whole situation with Luna and UST isn't helping, and certainly became the icing on the cake. This incident also creates a distressing situation environment regarding cryptocurrencies, which will have a devastating effect on the market in the long-term as people will deem cryptocurrencies as manipulated assets, ponzis and scams.^No news update can save this current flop. Hang on tight.
It means, either we will start to ignore Luna as a whole market, or maybe Luna will recover a bit, whatever happens next, we all know that it will not be that bad, and when that happens, we are going to go high, and people know this hence why they are buying while it's going down without fear of catching a falling knife.
When the price of the food was increased,no one is worried due the economic crisis.But when the prices of crypto currency was reduced,many people worry about it.The reason behind this is very simple.Most of them are the investors.After the break of the 32k area,the price of bitcoin was reduced huge below the 30k dollars for now.
Ok, so we're right in the drop zone right now. Again. Thought we might see a bounce after 29k but turned out to be absolutely and pitifully weak, we've just slid right down about 6% and might even get a new low in next hours, and then I'm really not sure if we survive above 25k by Sunday.
^No news update can save this current flop. Hang on tight.
On top of that, the whole situation with Luna and UST isn't helping, and certainly became the icing on the cake. This incident also creates a distressing situation environment regarding cryptocurrencies, which will have a devastating effect on the market in the long-term as people will deem cryptocurrencies as manipulated assets, ponzis and scams. ^No news update can save this current flop. Hang on tight.
Finally the price has dropped drastically now that it touched $29k and looks like it will continue to fall.
On the one hand this is a good time to buy more bitcoins while on the other hand, it panics a lot of people in the market because they didn't expect the price to hit $29k.
But we can't do anything about it because the market has given a clear price now and then depending on how you can use it for you.
This week has been a tough week for bitcoin but I'm sure after this, the price will definitely increase.
On the one hand this is a good time to buy more bitcoins while on the other hand, it panics a lot of people in the market because they didn't expect the price to hit $29k.
But we can't do anything about it because the market has given a clear price now and then depending on how you can use it for you.
This week has been a tough week for bitcoin but I'm sure after this, the price will definitely increase.
It is very surprising to see an abrupt change in the trend...
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
This is what we wait for, I guess. That time has come and I hope I expect a surge in buying demand than panic selling.
The market looks very interesting this time, we never know how long it reaches the bottom. I was thinking of $20k. But I don't think we have to wait for the moment before we buy? No, it is not necessary, it is rather to take this opportunity rather than lose it.
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