Is $34k the bottom?? - page 2. | Bitcointalksearch.org

Pamadar

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Quote from: ancafe on January 28, 2022, 02:17:14 AM

Quote from: logfiles on January 28, 2022, 12:34:39 AM

$20k is even very achievable and normal. Based on what I have experience in the past history of Bitcoin price, I am expecting it to even drop to $10K-$8K level at some point in this bear market.

well, i didn't expect that, and wished otherwise. other than that, it looks like the current bitcoin price has stabilized quite a bit after its decline. in fact, I feel that the recovery could be quicker than we think.
however, hoping the bitcoin price is under $20k is possible. however, I really didn't expect that.

We never know until it happens, so far after hitting the low of $33K now it's recovering and trying to stay high.

Hopefully, we won't see another big crashed to the point that it will go down to that level ($20k) with institutional investors
and people who understand the market, support may take place.

Let see how the market will react in the next coming week. Everything is still possible, going down or recovering to start the
pump again..

jamkesmas

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Quote from: crzy on January 27, 2022, 04:57:59 PM

Quote from: rodskee on January 27, 2022, 04:58:38 AM

my mistake waiting for 30k so yeah i did not got that advantage to buy in that level Sad

I wait for this price as well unfortunately the price started to pump and make $30k more impossible to reach. Well, let’s see if this is not a bull trap because if it drops again, $30k is the next target. No regret for not buying for now, the price is still unstable and too risky, just keep on watching and you might see another price to enter.

Yes, I also follow the strategy you implemented, I'm still waiting for BTC to 30k and below, hoping to get a little profit on this investment.

bitgolden

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Quote from: bekti3 on January 27, 2022, 02:52:11 PM

but if you look the other way and the worst is of course $20k can still happen because indeed if you look at the last few years especially 2018 they fell quite a lot and this could happen to such a decline. Even though we have to be optimistic that they will return, we still have to pay close attention to the worst possibility too

Even during that period the drop wasn't that steep right away. The real drop in 2018 happened during early period, from December to before summer, price dropped from 20k to around 6-7k prices, and that was it.

When we reached under 4k was during October or November of 2018 if I am not wrong and that happened because BCH and BSV had a fight, Craig Wright wanted to take over BCH and that is why he sold thousands of bitcoins all at once to buy for miners and he still lost but that dropped the price. Now we do not have anything like that, which means that we are not doing that badly, the initial 20k to 6-7k type of drop already happened, and I am not expecting it to go to all the way down to 20k.

ancafe

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Quote from: logfiles on January 28, 2022, 12:34:39 AM

$20k is even very achievable and normal. Based on what I have experience in the past history of Bitcoin price, I am expecting it to even drop to $10K-$8K level at some point in this bear market.

well, i didn't expect that, and wished otherwise. other than that, it looks like the current bitcoin price has stabilized quite a bit after its decline. in fact, I feel that the recovery could be quicker than we think.
however, hoping the bitcoin price is under $20k is possible. however, I really didn't expect that.

logfiles

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Quote from: bekti3 on January 27, 2022, 02:52:11 PM

but if you look the other way and the worst is of course $20k can still happen because indeed if you look at the last few years especially 2018 they fell quite a lot and this could happen to such a decline. Even though we have to be optimistic that they will return, we still have to pay close attention to the worst possibility too

$20k is even very achievable and normal. Based on what I have experience in the past history of Bitcoin price, I am expecting it to even drop to $10K-$8K level at some point in this bear market.

peter0425

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Quote from: crzy on January 27, 2022, 04:57:59 PM

Quote from: rodskee on January 27, 2022, 04:58:38 AM

my mistake waiting for 30k so yeah i did not got that advantage to buy in that level Sad

I wait for this price as well unfortunately the price started to pump and make $30k more impossible to reach. Well, let’s see if this is not a bull trap because if it drops again, $30k is the next target. No regret for not buying for now, the price is still unstable and too risky, just keep on watching and you might see another price to enter.

But with the incoming commotion in Ukraine and Russia? do you think that it is worth to keep holding now? or is there a chance that we will experience a really bad drop in the following months?

I know that we must not panic on that matter but there is a possibilities right?

so best to be ready on both yeeah? be ready to buy or be reay to sell lol.

STT

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We're in the process of forming a bottom, the problem is its only obvious in retrospect exactly when or where that process has completed. I would say efforts to defeat downward momentum continue to occur but its not yet obvious and I dont think that will happen this month even.

We're about to once again challenge the 2 day and also weekly averages which are converging. More important would be larger factors such as the actual negative trend from ATH and the 50 day average at about 45k but its descending every day. People should stay positive overall in terms of a yearly perspective as factors such as the 200 day average reflect positive accumulation long term still.
If we can tick off each objective on a list then I grow more optimistic, beat the recent high, beat 38k, beat 40k and confirm above the 50 day average. We do all that and we've likely finished making new lows in this quarter. Its always a case of variable probabilities, large events can push price off the road of where it was otherwise most likely to be.

dunfida

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Quote from: crzy on January 27, 2022, 04:57:59 PM

Quote from: rodskee on January 27, 2022, 04:58:38 AM

my mistake waiting for 30k so yeah i did not got that advantage to buy in that level Sad

I wait for this price as well unfortunately the price started to pump and make $30k more impossible to reach. Well, let’s see if this is not a bull trap because if it drops again, $30k is the next target. No regret for not buying for now, the price is still unstable and too risky, just keep on watching and you might see another price to enter.

If the price would able to break that 40k resistance then it is unlikely that we wont be seeing $30k price soon thats why its better not to anticipate so that you wouldnt get frustrated.

This is the hardest part on which you do always speculate for possible bottom point and when theres some sign of slight increase in price then you would really be having
those boost of emotions that this might be already the u-turn of events.

Doesnt matter though as long you do make profits no matter what direction then thats the most important.

crzy

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Quote from: rodskee on January 27, 2022, 04:58:38 AM

my mistake waiting for 30k so yeah i did not got that advantage to buy in that level Sad

I wait for this price as well unfortunately the price started to pump and make $30k more impossible to reach. Well, let’s see if this is not a bull trap because if it drops again, $30k is the next target. No regret for not buying for now, the price is still unstable and too risky, just keep on watching and you might see another price to enter.

bekti3

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Quote from: Tellek Garing on January 27, 2022, 02:47:40 AM

Quote from: Russlenat on January 26, 2022, 03:16:55 PM

Quote from: DeathAngel on January 26, 2022, 03:05:34 PM

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

I have been bullish since April 2021 and up till now am very optimistic that the market is on a stable mode right now as bitcoin hit around 38k somewhere around yesterday for correcting back to its present price, let's remain optimistic that the coming day's bitcoin will recover back to my 46k price and thereafter rising to the expected price before the end of the 1st quarter of this year.

but if you look the other way and the worst is of course $20k can still happen because indeed if you look at the last few years especially 2018 they fell quite a lot and this could happen to such a decline. Even though we have to be optimistic that they will return, we still have to pay close attention to the worst possibility too

rodskee

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It wasn't mate because obviously we did fell down to 33k and almost down to 32k so basically we cannot call this 34k as bottom.

_________________________________________________

I wanna ask if who bought in that bottom? when the price fell down to 33k? because those are surely in profit with 5% now Grin

my mistake waiting for 30k so yeah i did not got that advantage to buy in that level Sad

Falconer

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Quote from: STT on January 26, 2022, 12:37:30 PM

I think only the break past 40k upwards would really count as a proper rally noticeable by all participants. At this time sellers would be beginning to be proved wrong and shorts will close out which helps with continued movement upwards.

It's now $36K, and what will happen tomorrow and beyond is hope. It's true that there's always hope to see it above $40K or more, but it's not impossible that a dip is also possible.

A price recovery is always expected and we really want bitcoin not to drop to the $30K level this year. But we don't get any guarantee in the market when the fud happens like the Russian fud which hit the market recently. Now we're not too far from the $40K level and not too far from the $30K level, so there's always a chance to hit one of the two.

dimonstration

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Quote from: Tellek Garing on January 27, 2022, 02:47:40 AM

Quote from: Russlenat on January 26, 2022, 03:16:55 PM

Quote from: DeathAngel on January 26, 2022, 03:05:34 PM

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

I have been bullish since April 2021 and up till now am very optimistic that the market is on a stable mode right now as bitcoin hit around 38k somewhere around yesterday for correcting back to its present price, let's remain optimistic that the coming day's bitcoin will recover back to my 46k price and thereafter rising to the expected price before the end of the 1st quarter of this year.

Stable price is not a thing in crypto except stable coins but there's no way Bitcoin will gonna reach a stable price but rather a sideways movement which the price might changing hands by minimum of 1000$ a day. I believe we might be in sideways for a couple of weeks until we retest on the 30K support again. The result of that retest will gonna dictate the next trend of Bitcoin. I'm still not believing that Bitcoin will gonna stay on lower 30K level for a months, Maybe just a wick candle on that region.

Tellek Garing

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Quote from: Russlenat on January 26, 2022, 03:16:55 PM

Quote from: DeathAngel on January 26, 2022, 03:05:34 PM

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

I have been bullish since April 2021 and up till now am very optimistic that the market is on a stable mode right now as bitcoin hit around 38k somewhere around yesterday for correcting back to its present price, let's remain optimistic that the coming day's bitcoin will recover back to my 46k price and thereafter rising to the expected price before the end of the 1st quarter of this year.

BuNga_cute

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Quote from: Pamadar on January 26, 2022, 02:41:07 PM

Quote from: Chato1977 on January 26, 2022, 06:29:17 AM

Going to 38k now

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

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

Good thing that the price is now on this range $38K+ giving some breathing,

Few days ago the predictions has been broken and many traders and investors who feared out did an early mistake by
selling their assets.

It's really a hard decision to make, especially if you are not prepared with this kind of market sway. You think you
are doing the right thing trying to cut out your losses, but afterwards the market bounces back.

The Bitcoin price hike to $38k gives us a little bit of hope and make us calmer. Even though we still have to be vigilant, because the worst possibility
can still happen, no one can be sure Bitcoin will not go down again. But we also don't need to panic if the Bitcoin price drops below $34K again,
because this is how Bitcoin moves. What we need to do is determine the selling target we want, then hold Bitcoin until the target we set is achieved.
Because no matter how far the price of Bitcoin goes down, it will always go up again. So we don't need to do a cut-loss when the Bitcoin price
goes down. We have to believe in the future of Bitcoin, then we will get the profit we want. It's not easy to do, but as long as we have strong
will, nothing is impossible.

justdimin

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Quote from: LogitechMouse on January 26, 2022, 06:32:07 AM

Well, it bounced from that price so we can say that it is a short term support.
But to call it as a support for long term? I don't think so because I believe that the downward pressure isn't over yet.

RSI is at 35 and MACD is still below 0. Though it already bounced back in RSI, I think that we might see more downward movement in the upcoming days until we reach the $30,000 support. I might be wrong though and we might see Bitcoin going up to $40,000 in the next days but if it will not happen then this short rise is a trap.

Overall even it is bottom or not, buying at this price will give you higher reward in the long term so better to accumulate as much as you can right now.

The fact that we see 38k as "bounce back" says a lot. If you look at it from the top then it is a very low number, if you look at it from the bottom it is a great number. Just a few years ago we were having so much hard time breaking over 10k, in 2018 it dropped under and couldn't go higher, in 2019 it did managed to go higher but couldn't hold it and dropped lower again, this happened a few times.

Now, we are looking at 38k and call it a bounce back, we should feel lucky that we are in the crypto world. Yes, I know that it is stressful to keep seeing these type of numbers but the reality is that we are profiting from it more than most people profit in other stuff.

Russlenat

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Quote from: DeathAngel on January 26, 2022, 03:05:34 PM

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

DeathAngel

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Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

Pamadar

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Quote from: Chato1977 on January 26, 2022, 06:29:17 AM

Going to 38k now

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

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

Good thing that the price is now on this range $38K+ giving some breathing,

Few days ago the predictions has been broken and many traders and investors who feared out did an early mistake by
selling their assets.

It's really a hard decision to make, especially if you are not prepared with this kind of market sway. You think you
are doing the right thing trying to cut out your losses, but afterwards the market bounces back.

noormcs5

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Quote from: bakasabo on January 26, 2022, 04:10:53 AM

Quote from: samcrypto on January 25, 2022, 04:55:39 PM

We will see this after the Chinese New year, hoping for a good reversal.

Again Chinese New Year... Why do you consider that this holiday can influence on Bitcoin? You think that people would start to convert Bitcoin info fiat to buy presents? Bitcoin is illegal in China. Operations with Bitcoin are illegal. There will be people who will make such exchanges anyway, but their number is so tiny that market wont even noticed crypto movements.

Previous years proved that holidays, summer time holidays for traders, pandemic restrictions does not influence on the price at all. These are just excuses for newcomers to explain why their invested value has decreased.

People, rather media, always try to find a reason for a crash or a potential crash. Now they are creating the fear that bitcoin will dump even further because of the Chinese new year. What they don't tell is that bitcoin is not only mined or traded in china. It is traded everywhere in the world and the Chinese new year will have no effect on bitcoin price.

Just like many other bitcoin lovers, i also believe that bitcoin has bottomed out at 32900 and hope it will never visit this level in 2022. Wink

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