Under $39k, what's next? - page 2. | Bitcointalksearch.org

erep

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Quote from: BITCOIN4X on January 22, 2022, 02:00:38 PM

Currently based on market cap data our coins have also lost 50% since ATH, so I think there is still a possibility that the market will recover soon and the price will be bullish again.

Anyway I also think that we should consider all the possibilities at this point because people are quite sensitive to FUD, obviously I feel Russia is the reason why bitcoin market is having a correction but that shouldn't be the only reason why the correction is happening. A wave of panic, yes it will worsen the state of the market so $30K is doubtful a strong support.

If the market goes up after the correction has passed then beware it does not fully indicate the market will recover soon but it is a pattern of market movement when the panic wave has subsided, news about the proposed banning of cryptocurrency activity in Russia needs to be continued pending the final decision because it is bad if the proposal is approved will cause waves greater panic.

BITCOIN4X

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Quote from: $crypto$ on January 22, 2022, 12:00:20 PM

Cycle may occur after $35k we will see below it again it's a rapid decline just like last year's pattern we can only see next if the bearish reaction will continue or bounce I'm watching carefully.

Yesterday we wrote $39k a day then $35k of course it will be my assumption the decline continues who knows the bottom $30k / $20k back to the beginning if not stuck in this cycle reaction, but I to buy better wait for the situation I know.

We still have support at $30K and probably won't be breaking it any time soon although today we can see how the market is very bearish. But today's market correction is certainly not the first because after ATH April 2021 we also experienced the same thing where bitcoin lost 50% of its price. Currently based on market cap data our coins have also lost 50% since ATH, so I think there is still a possibility that the market will recover soon and the price will be bullish again.

Anyway I also think that we should consider all the possibilities at this point because people are quite sensitive to FUD, obviously I feel Russia is the reason why bitcoin market is having a correction but that shouldn't be the only reason why the correction is happening. A wave of panic, yes it will worsen the state of the market so $30K is doubtful a strong support.

freedomgo

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Quote from: bekti3 on January 22, 2022, 01:02:43 PM

Quote from: Vaculin on January 21, 2022, 04:05:36 PM

Quote from: bekti3 on January 21, 2022, 03:23:30 PM

In fact, if you say what's next from the movement of bitcoin, even everyone doesn't know because this kind of thing is very difficult to use as a reference.
what we can do maybe only speculate on the analysis technique that we do and even then it is not certain the truth.
but maybe something is certain here regardless of what will happen later, a decrease or increase of course in the end everything will return to normal even though we don't know when.

I think the market will become more dump because bitcoin will fall even deeper as its heading below $30k. Honestly, people are in a panic right now seeing bitcoin price is facing a terrible drop and with altcoins too since they are even more affected. The whole market is certainly in a bloodbath. But hey, this is not the end of crypto. This is part of the bearish cycle, and we all expect to drop their value. But eventually, everything will be back to normal again once the market is trap with positive news that will lift the prices of all coins that have chances to recover.

and yes, as you said, even now we are in a phase that is worrying because indeed the decline is continuing.
but I also agree by saying that this is not the end of crypto.
take it easy, enjoy the moment and continue to wait and hold on to the assets you have.
don't be too careless with a decline like this, selling assets is not the right thing especially when we are experiencing losses

The current price decline is always expected since we are in a bearish season and as long as it stays in the market, bitcoin and altcoins prices will drop more. Bitcoin is already at $34,527 so this may develop fear to all those bitcoin hodlers who's not used to the market. But if you know the market well and you understand well enough that bitcoin will always recover even from its deepest dip, then there's no need to fear, but let's be greedy instead so we can buy more bitcoin and established altcoins while the opportunity is around.

bekti3

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Quote from: Vaculin on January 21, 2022, 04:05:36 PM

Quote from: bekti3 on January 21, 2022, 03:23:30 PM

In fact, if you say what's next from the movement of bitcoin, even everyone doesn't know because this kind of thing is very difficult to use as a reference.
what we can do maybe only speculate on the analysis technique that we do and even then it is not certain the truth.
but maybe something is certain here regardless of what will happen later, a decrease or increase of course in the end everything will return to normal even though we don't know when.

I think the market will become more dump because bitcoin will fall even deeper as its heading below $30k. Honestly, people are in a panic right now seeing bitcoin price is facing a terrible drop and with altcoins too since they are even more affected. The whole market is certainly in a bloodbath. But hey, this is not the end of crypto. This is part of the bearish cycle, and we all expect to drop their value. But eventually, everything will be back to normal again once the market is trap with positive news that will lift the prices of all coins that have chances to recover.

and yes, as you said, even now we are in a phase that is worrying because indeed the decline is continuing.
but I also agree by saying that this is not the end of crypto.
take it easy, enjoy the moment and continue to wait and hold on to the assets you have.
don't be too careless with a decline like this, selling assets is not the right thing especially when we are experiencing losses

stompix

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Quote from: rhomelmabini on January 21, 2022, 11:15:02 PM

Just in, El Salvador purchase 410 more bitcoins amid the crash, I think it's like an angel and

Because that's what angels do, they take public funds, invest and make profits and allow some poeple with 3$ in their bank account to be rich and set for life without having to lift a finger. Weird, I think I need to re-read the bible, where was that? Is it in Genesis or Exodus?
Have you actually checked if that angel doesn't have some hoofs and horns, when it comes to money those are the first ones to appear and promise you wealth!

$crypto$

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Quote from: Chato1977 on January 22, 2022, 05:18:48 AM

it is under 35k as i type this so what's next? maybe 34 then to 31? and then to 20k level?

what do you wanna hear? positive or negative yet we can do nothing but to wait and look for the outcome ,.

and also don't expect good if you are not contributing by buying and holding .

Cycle may occur after $35k we will see below it again it's a rapid decline just like last year's pattern we can only see next if the bearish reaction will continue or bounce I'm watching carefully.

Yesterday we wrote $39k a day then $35k of course it will be my assumption the decline continues who knows the bottom $30k / $20k back to the beginning if not stuck in this cycle reaction, but I to buy better wait for the situation I know.

Wexnident

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Idk, probably more? Tbf I don't think anyone knows what's going to happen. Most people are expecting it to go up since we all know that's how the ends of dips go, but the question really is when. As you said, we've had similar dips before but went back after a few days, unlike today, but well I guess that's natural? I mean we can't expect the market to always go up no? And we can't expect investors to enter only when prices are high. There are people who know how to buy in dips after all. Just wait tbh, and hodl.

mia_houston

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Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to? I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

The decline that is happening now has really caused quite a big panic among crypto lovers, not only bitcoin but also altcoins are experiencing the impact, currently the price of bitcoin has reached the price of $34,850 and it looks like the price suppression will still occur in the future, actually the signs that the market is entering the Bears phase have been seen in December 2021, but now it is actually exacerbated by the negative sentiment triggered by the Russian ban on bitcoin mining in the country, I think the ban is almost the same as that carried out by China, but at the time the bitcoin market is recovering quickly because indeed market conditions are in a bullrun condition at that time, while for now, I am a little doubtful if we will see bitcoin recover soon and maybe the bitcoin price will drop to its lowest level and $30,000 seems like will be a stopover the next bitcoin price in the near future.

Renampun

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Quote from: sunsilk on January 21, 2022, 02:47:16 PM

Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to?

Nobody knows but for some technical analysis that I've seen, going up is what's the possible next move of it.

that's really true, the biggest possibility that will happen is the price of bitcoin that will go up...

we just have to wait for news of investors buying back bitcoin in large quantities to pump up the price again. Bitcoin hasn't scored a new ATH this year so there's still a huge opportunity for bitcoin to do that.

doomloop

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Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to? I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

I don't think that anyone will be able to tell you categorically what next regarding this bearish movement of bitcoin. But, what I think is that it is highly possible that bitcoin is still going to dip to perhaps $30k-$37k. Anything is possible I guess all we can do for now is watch it dip and make our speculations, but after this bearish season we will see bull market for sure. Right now, market is showing some recovery but that cannot be assumed as a trend reversal as most of the times it can be "bouncing of dead cat".

peter0425

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Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to? I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

this is a 1st quarter trend and maybe for the next 2 more months this will be the market view so expect a more bloody market.
I remember in November last year , we have almost the same when the price of bitcoin downfall below 40k or touches below 30k for a minute but when recovered? again made another ATH .
so maybe in 2nd or 3rd quarter there will be changes but for now? look at it with caution .

Chato1977

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Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to? I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

it is under 35k as i type this so what's next? maybe 34 then to 31? and then to 20k level?

what do you wanna hear? positive or negative yet we can do nothing but to wait and look for the outcome ,.

and also don't expect good if you are not contributing by buying and holding .

buwaytress

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Quote from: Poker Player on January 22, 2022, 02:47:42 AM

Yes, but past performance does not guarantee future performance. I do DCA and I don't care if there is war in Ukraine, Russia bans cryptocurrencies or we just broke ATH. I continue to ride along.

But we cannot trust that the returns that Bitcoin had in the first cycles will continue indefinitely. To the extent that an asset increases in price and market cap, it is more difficult for it to continue to have spectacular returns. I would like to see us reach $400K this cycle, but given what we have seen, it looks like it will be difficult.

Same here. DCA feels really difficult to do at first as a newcomer, can't help but keep looking at total price, and if you happen to have the "bad luck" of starting at the decline of a cycle, it can feel particularly hopeless to keep seeing total value drop even after many consecutive periods of DCA.

The thing I tell people who do worry about war in Ukraine, China trade wars, Pandemic, etc... is that these would anyway affect whatever asset it is you'd be holding. Black Monday in March 2020 proved this. Even in the most conservative of approaches, having Bitcoin spreads out the risk.

So for me, it's less about being in Bitcoin because we're going to keep getting supercycles, but because it's long-term pay off for the dollars you'll keep putting in.

sunsilk

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Quote from: kentrolla on January 21, 2022, 02:57:32 PM

Quote from: sunsilk on January 21, 2022, 02:47:16 PM

Quote from: kentrolla on January 21, 2022, 02:13:50 PM

I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

Is this when it has reached $28k last year and then eventually recovered back until we've reached close to $70k? We don't know if the same logical pattern is happening or we're just really going through the entering of the bear market.

Either of them, we have to hold and if you see this as a good buy, you do it while the price are lower these times.

I was referring to the dump which took place around first week of December for a day wherein bitcoin's price dropped from around $51k to $42k and recovered back above $50k within two days.

Yes we cannot be sure if the same logical pattern will repeat or there would be something different this time but we have to remember one thing that regardless of dump bitcoin will recover and go past its previous ATH like it did last year after a gap of 3 years but the problem her wish not everyone are long term Hodlers so most of us cannot survive for longer period if the 2018 bear run repeat though the possibilities are very low. Next few days would be crucial and mould the market.

Oh yeah, that time.

It's the nature of bitcoin that it recovers quickly after the dump. It happened for so many times and that's why whenever there's a dump like this, I'm still positive that it will eventually get back.

And even we have to see the market on the bear season and if the cycle goes on by this time and this dip would go further. We have to ready ourselves for another application of our patience in the market.

Yaunfitda

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Quote from: Poker Player on January 22, 2022, 02:47:42 AM

Quote from: Dave1 on January 22, 2022, 01:40:34 AM

Quote from: somac. on January 21, 2022, 07:25:08 PM

Buy the dip of course, but also constantly buy at regular intervals for as long as you have an income.

Take a look at this calculator and see what would have happened if you had DCA for the last 5 years.

https://dcabtc.com/

Good link and thanks for this, book mark already. And the bloodbath continue though, yesterday it went as low as $38k and now even lower at $36k and almost -50% of the last all time high and we don't know where it will stop.

But as you have said, take this as an opportunity to accumulate throughout the years and see how it goes. For sure there is a net positive for just buying and then holding precious BTC as the supply is really dwindling in the next 2-3 years.

Yes, but past performance does not guarantee future performance. I do DCA and I don't care if there is war in Ukraine, Russia bans cryptocurrencies or we just broke ATH. I continue to ride along.

But we cannot trust that the returns that Bitcoin had in the first cycles will continue indefinitely. To the extent that an asset increases in price and market cap, it is more difficult for it to continue to have spectacular returns. I would like to see us reach $400K this cycle, but given what we have seen, it looks like it will be difficult.

As long as you are really for the long term, I don't think that you will be affected by the sudden down ward spiral, no matter what will be the reason (and I see no reason to investigate as what could be the factors of the decreasing price too).

Just continue as much as you can, accumulation will be the game right now and not complaining about the price, in my opinion.

LogitechMouse

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Quote from: kentrolla on January 21, 2022, 02:13:50 PM

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to? I remember when bitcoin was trading around $48k to $50k then we had a sudden dip of over 20% wherein again bitcoin gained it's momentum within 1 or 3 days and back at $46k and then it gradually started dropping down to $40k and I feel same thing is happening now wherein there is a dump and bitcoin will gain momentum but again it will gradually drop else it might take a pump hard on its way to $50k. What's are you thoughts on this?

Bitcoin to $30,000 will be the next and right now we are at the $35,000 price range.

This downtrend pressure will continue until it goes down to the $30,000 price since that is the next support right now. The $40,000 old support has been broken therefore it will act as the resistance right now. We might see the market went up for a bit maybe but just by seeing the charts, we might see more of a downward movement than the upward.

What's next? Bitcoin will go lower but still don't panic. Focus on Dollar Cost Averaging like most of the investors are doing right now. Those who are doing this and hold for a long time will end up taking profits. There is no reason to panic unless you are just seeing what is happening for the first time but for the old ones, this kind of event is kinda normal already. I've seen the 2017-2018 Bitcoin and I already considered 2018 the "Year of Hell" after what happened. I also saw the sudden price drop of Bitcoin at the start of the pandemic last March 2020. Lets just stay calm, as much as possible don't see anything related to crypto if you can't let yourself calm. Do something outside crypto because in the upcoming weeks to months, we might see another "Months or Hell" or worse the "Year of Hell" like what happened in 2018.

Poker Player

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Quote from: Dave1 on January 22, 2022, 01:40:34 AM

Quote from: somac. on January 21, 2022, 07:25:08 PM

Buy the dip of course, but also constantly buy at regular intervals for as long as you have an income.

Take a look at this calculator and see what would have happened if you had DCA for the last 5 years.

https://dcabtc.com/

Good link and thanks for this, book mark already. And the bloodbath continue though, yesterday it went as low as $38k and now even lower at $36k and almost -50% of the last all time high and we don't know where it will stop.

But as you have said, take this as an opportunity to accumulate throughout the years and see how it goes. For sure there is a net positive for just buying and then holding precious BTC as the supply is really dwindling in the next 2-3 years.

Yes, but past performance does not guarantee future performance. I do DCA and I don't care if there is war in Ukraine, Russia bans cryptocurrencies or we just broke ATH. I continue to ride along.

But we cannot trust that the returns that Bitcoin had in the first cycles will continue indefinitely. To the extent that an asset increases in price and market cap, it is more difficult for it to continue to have spectacular returns. I would like to see us reach $400K this cycle, but given what we have seen, it looks like it will be difficult.

Dave1

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Quote from: somac. on January 21, 2022, 07:25:08 PM

Quote from: rhomelmabini on January 21, 2022, 06:57:30 PM

As always buying the dip, we've seen how market been a downer but it always goes back up stronger. $20k is what I'm expect to dip with this rally but who knows actually? No one could know what's next but at least I'm not a noob investor anymore being paranoid over -50% correction, I've seen worst.

Buy the dip of course, but also constantly buy at regular intervals for as long as you have an income.

Take a look at this calculator and see what would have happened if you had DCA for the last 5 years.

https://dcabtc.com/

Good link and thanks for this, book mark already. And the bloodbath continue though, yesterday it went as low as $38k and now even lower at $36k and almost -50% of the last all time high and we don't know where it will stop.

But as you have said, take this as an opportunity to accumulate throughout the years and see how it goes. For sure there is a net positive for just buying and then holding precious BTC as the supply is really dwindling in the next 2-3 years.

rhomelmabini

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Quote from: somac. on January 21, 2022, 07:25:08 PM

Quote from: rhomelmabini on January 21, 2022, 06:57:30 PM

As always buying the dip, we've seen how market been a downer but it always goes back up stronger. $20k is what I'm expect to dip with this rally but who knows actually? No one could know what's next but at least I'm not a noob investor anymore being paranoid over -50% correction, I've seen worst.

Buy the dip of course, but also constantly buy at regular intervals for as long as you have an income.

Take a look at this calculator and see what would have happened if you had DCA for the last 5 years.

https://dcabtc.com/

Thanks for the link.

Just in, El Salvador purchase 410 more bitcoins amid the crash, I think it's like an angel and I would be surprised if even Microstrategy do the same or other prominent maximalist in the crypto industry. The strong support we got for now was the Elon Musk/Tesla buy zone and I think that's the huge support we've got.

michellee

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The next thing that can happen is we still have two options: the price will go up or the price will still go down in the next weeks and the rest of the days in this month. What I think now is how I can buy bitcoin at the dips and that needs more analyzing to find the lowest price. But I think placing an order in $35k, $33k, $31k or $30k is a good range to buy bitcoin, except the price will still go down below $30k. It is a big discount for us so we must use it carefully and not rush as the price can wilder later.

Topic: Under $39k, what's next? - page 2. (Read 442 times)