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

Typically any significant point passed has to be confirmed in that ceiling before we go onto to make reliable new lows.   At present I see the market as consolidating and confirming the upper ranges of BTC.   We've tried and failed to pass the weekly average, now also below the 2 day average and until we break the overall trend from the ATH which is around 40k then it will likely continue in this disappointing way.
   Possibly if we fail to act positively for the next week or so then we do break downwards then.

For the moment we are not in the lowest range of pricing and staying above that is some small positive action.   It would be far better if we close above 37k or the blue line here which is 2 day average, over the weekend then it might prove positive.

I was thinking that the next stop is 35k but instead it did fell to 33k , so I am looking for the bottom in which 30K ? is this what you think guys will come?

though the market slowly recovering yet there are still small fall each day.

increased to 37k but now down to 35k again.

this sounds Bearish for me.

With Bitcoin dropped below $40,000 again. I am slowly losing the chance that we will be able to see $100,000 this year.
What I am worried about is the Block halving cycle, like it will be the trigger again that Bitcoin could go up again like back above $50,000 or to the all-time-high. When will that be? Months before the halving and after a few months of halving. Well, just my 2 cents.

Did you touch $39k again? or just highs of $38k? Because the market seems to go down again.

I'm seeing it touching $35k high, and so it seems that $39k could be the next big barrier that is hard to get over. So yeah, probably we are still in the bearish of trend. Unless we really goes up in the next couple of months to $50k that will be great. But so far for the month of January, no spike whatsoever.

Yes, I think there's a bearis cycle going on right now.

Many people are selling their bitcoins because the negative news keeps coming, but instead it becomes a return or profit for those who are smart to see an opportunity to invest. I think this is the right time to buy cheap btc, and in the future will get for big ones.

In investing, you must be good at seeing gaps that can get big profits

Yes, it is back to $36k for some time and stayed at that price until now but if more support will come to bitcoin, that can push the price to increase and hopefully, it will back to up to $37k or even more. So far, the movement is good and it could give the opportunity for the price to lift to the high price and hopefully, it will go back to $37k.

We hope in the next month will be better than this month so we will have more chances to make more profit. But we still need to keep an eye on the moving as there is no guarantee for bitcoin to increase.

early this morning had strengthened at $ 37K before finally when I write this it fell back at $ 36K, but this is something better change from yesterday's day which fell at $ 33K which is certainly very worrying that will continue to decline.

hopefully it will remain that the low will only be at $33K and will continue to strengthen, hoping that last year's period will be able to return again this year where early February will see an increase, but whether it will happen is very difficult to predict at this time. but there should always be optimism that bitcoin is able to bounce back quickly.

in 3 days the support level was broken and today the lowest was at 33K and almost touched a little more at the strongest support ,then I don't know because I'm not so sure about my analysis ! q1 2022 make me restless it's almost hard to see where it is going but the lowest point of the day this is enough at 33K

In this bearish phase, I'm speculating BTC could fall to the $25-$30K level. After ATH Bitcoin always leaves a tragic story, maybe here there is those who still believe BTC can touch $100k in mid or late 2022, I'm not so sure it will happen in 2022. If we go back a little bit, the accumulation usually starts when BTC hits its lowest point in 2 to 3 years after ATH. If this story repeats itself, BTC trend will start in 2023 -2025, and 2025-2026 will be a bullish peak. Possible.

We have seen how bitcoin moves in late 2017 to early 2018, after such intense euphoria, bitcoin plunged back to its lowest point.  After that bitcoin like walking in place, no changes too shocking the market. Entering april 2021 (approximately 3 years after reaching ATH) the bitcoin market is again excited, and peaking on November 10, 2021 bitcoin broke another all-time record high.

This is an analysis when bitcoin experienced a very deep correction, now bitcoin has lost 50% of its high price last November, What is needed right now, we must be able to control emotions when the market is falling. For investors who have a lot of capital, this momentum is a golden opportunity to get bitcoin at a low price. I think the price of bitcoin will go up again, because bitcoin has gone down like this before. Even though the bitcoin market is currently collapsing, it will soon return to good shape.

in fact the price first reached 69000$ and could not break this resistance, so it fell to the strongest support and the strongest support could not contain it and broke, this cycle will repeat until it finds a very strong support where the price cannot break, if it fails to break it will start another bullish cycle to try to break the resistance which is at $69000. so the question here will be where the strongest support will be, in the past it was $28500 to $30,000, but I think currently it should be $32,000

The experience of being here for a long time will give a different impression compared to those who are new and still follow influencers to invest.
I quite agree with what you say although it is recommended not to be greedy but of course now is a different matter.
as long as we have unused money then it is not wrong to be greedy for some time because this is quite profitable, Not for now but future profits will be very good to see

it fell down to 34 k and i guess that is the last NEXT and now we are ongoing recovery?

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

showing green movement?

https://coinmarketcap.com/

the whole market seems to be reacting for more better and worth a wait?

the best question is What is your next move? are you going to invest now? or just let it flow and lose your chance to profit?

Well, it's the other side of the dump and we're really going to see it coming soon after this drop that we've seen recently.

Even there's news, it's the normal process of the market and whenever it goes down then for sure that we're going to see it starting going up. That's the time that it will recover and buyers are going to start buying which will create a demand that shall make the price higher.

What do you expect? 2022 is still at the very beginning of its months.

The good and bad market is what makes the system fun, where in every deep, we experience more buyers filling up some fractions, while new investors takes their place in the system. Then, in the bull run, profits are made. As at now, the price of Bitcoin has gone to the lows of $35k, if this should continue below $34k - $33k then we might be seeing the market continuing on the downtrend for a while, if reverse becomes the case, new ATHs is to be experienced in the market.

Truly we can't give a clear prediction of the future market, but one thing is for sure when the market goes DOWN, the only WAY next is UP and that has been the nature of the Bitcoin.

Well, it should not surprise us since it's just part of the cycle.

The history will repeat itself, after the bull run, here comes the panic, and people will dump their assets. Some are saying that they could have bought bitcoin cheaper in the past,  it's their opportunity now as bitcoin might not only drop $30k but it's also possible to see a $20k bitcoin price again.

We really have to be patient and hold the Bitcoins we have, remember we haven't lost anything as long as we haven't sold our Bitcoins.
So we shouldn't panic about the current market situation, because Bitcoin is likely to fall even lower than the current price. I've always
believed in the future of Bitcoin, so it doesn't matter if Bitcoin should go down to $29k, I keep holding Bitcoin until the price recovers.
If we still have extra money, I suggest collecting Bitcoin, because in fact we never know when the price of Bitcoin will be bullish again.
What is certain is that the price of Bitcoin will definitely recover, so don't hesitate to keep collecting Bitcoins and don't even think about
selling Bitcoins in the current market conditions. People who are patient will benefit from Bitcoin in the end.

My opinion is that bitcoin is on the way to decline again, bitcoin has visited the 34k$ area and maybe in the next few days we will see bitcoin at the 30k$ support resistance, this resistance is strong if bitcoin fails to stay above this point, it is likely that we will see a very strong dump and we can say then that Bear season has begun. There is a strong pressure on Bitcoin with the negative news coming in every day so I think we are going to have a rather long bearish season.

It will go now under $29k and that is a turning point of Bitcoin so keep on holding because the bottom is yet to seen. I’m confident that after reaching the bottom, we will now start the reversal trend and $50k is still possible to happen especially on the 2nd quarter of 2022. Let’s not expect an easy up trend again, it will take time for sure but its all worth it just keep on accumulating now before its too late.

Bitcoin has definitely entered a bearish market. That is what I conclude by the unstoppable depreciation in price during the last days. For that reason, I think bitcoin isn't going to revert the situation soon and it's possible the price keeps crashing to lower levels yet until something good happens.

Governments are making too many financial promises to investors, so they are migrating their money from bitcoin to traditional fixed income, shares and assets investments again. But once they identify traditional investments aren't profitable as expected, due to hyperinflation, bitcoin will skyrocket again towards a new ATH, although I'm skeptical it's going to happen this year...

It depends when will be the panic holders will stop dumping, because for sure on this current situation they're still the reason behind why market situation is getting worst nowadays, wherein aside of some frauds as well since they're the common reason when it comes such situation. So let's just hope the current level is unbreakable because if not surely there will be a new support levels in the future.

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.

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.

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.

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

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!

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.

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.

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.

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.

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".

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 .

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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/

Just go with the flow.

There are lots of analysis that if BTC will dip at $35,000 point, expect it will dip more until $30,000. But for me, I didn't look it that way. When BTC sits around $35,000 that would be the buying point and it will just stay within that level for about weeks while fueling another trip to the bullish trend.

But enough of these speculations as it might hit my head more. I will just follow the trend.

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.

This is all thanks to Russia proposes to ban mining in crypto and the price now stays at $36k what a pleasant view to see. I bet a lot of them did panic selling already since it may be the best way because sooner or later Bitcoin would stay below $30k and that's what they think I think. But unfortunately, I know there will be some extra pump left in Bitcoin before it lead us to bear market and that is the $70k or $100k that most speculators are waiting.

This is also the best time to buy since the dip is way cheaper than last week but since we are in a panic mode most of them won't buy this dip but rather sell because of FUD.

Price at of this moment of writing is $36,000. So, this means Bitcoin could go lower than $36k and will probably fall under $20,000. That's maybe the least for the bearish bottom.
There might be some short recovery to $40,000 because there will be people whose already buying at this current Btc price, or there could be none as the price were falling faster and people might be looking to buy at the very bottom of this dip.

Recently I got a notification that Bitcoin reached $35K, so I feel this is the time for another dump and there is no wonder that history will repeat to reach the lowest low at some point of this circle. Probably we can see dead cat bounce movement as well but we never know when the real bearish season will start so preparing yourself is the possible solution for accumulating more coins at cheaper price.

this will be a very good opportunity for those who are waiting for btc to go down. 35k+ and it seems the crypto market is bleeding right now. looking also why this decline of price. but knowing btc, we may see it going up again in no time.
we will know the reason behind this recent drop maybe in few days. if someone or a company is selling their stash?
but as i said, for those who are waiting, wanna grab this opportunity or wait a lil bit?

^ During bearish season not all sad, investors will probably be happy they can reinvest again. Probably those people who have invested and looking for a profit for the short term will probably get panicked now because they don't understand how BTC will work.
However, technically speaking, I don't know also what happen to BTC why it drops continuously beyond $40k. But the bright side is with me and I know BTC price will resist until several days. There is no reason BTC will drop because it is now widely adopted in most countries.

That will also be possible as bitcoin creates a consistent drop every hour so most likely, reaching below $30k is very possible.  But that won't mean that we should be fearful this time and ends up panic selling. Instead, look at the bright side of it, bearish season gives us good opportunity to start again and fill our portfolio with those cheap and high potential coins. If this market situation makes us more uncomfortable, well the fact is this won't take forever. So never miss a single opportunity this time.

We can see right now that the Bitcoin market is hovering around 37610 dollar. I can't find the reason why Bitcoin is being dumped so much right now. But for some reason maybe Bitcoin has been dumping so much and there will be more.I think Bitcoin will break below 30k dollar and stay below it.

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.

Short-term I don't think there's anything left in store for bitcoin. Currently we are pushing for the lower ebbs of $30k and we might see the price under it again after a year. Personally I think that's a good buy, but other people in the market, especially the doomsayers might say otherwise. It's yet another chance for people to grab cheap bitcoins before it pushes forward to higher highs. Perhaps a drought for a year is incoming, given that we have nothing but price rise within the last few years. No matter what happens though, I'd still hold and buy when I have the extra cash.

Next - pray. I am serious. We are heading back to “before Elon Musk” times. Another influetive pusher is needed to save Bitcoin from crashing, or going back. Only thanks to positive news, price wont get back to 50k, 60k or ATH. We need a miracle that will turn market upside down. 3 months of severe price drop only a miracle can fix.

The ultimate bottom should be around $10K in 2024 if history is to repeat itself.  With the failure of the Stock to Flow model now, I think the danger is definitely to the downside.  Selling dead cat bounces seems to be the play here, although we have been going pretty much straight down for 3 months now, so there hasn't been much opportunity to squeak out even a little profit trading on the long side.

I've been saying for several years that the time to sell would be December of 2021.  I only wish I had managed to take more of my own advice.  For now, we watch in horror and hope that Wall Street is reloading for another pump, because Main Street has moved on to more functionally useful projects with more fun and supportive communities. 

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.

You rest from asking the question should be next and those predicting what the price maybe should also take a rest, the market enters a bull run and the question is can Bitcoin reach x or y during the dip it is what next, support and so much more, alot is going on in Bitcoin that we can talk about. I believe that Bitcoin isn't going anywhere and we are going to be seeing the good and bad market as well

The network difficulty is the gauge I use to predict if a massive crash will happen,if it stays really high near the all time high like the one in the Ethereum network is staying despite the price crashing means that people still believe that coin will go up and do not give up mining and even mine at a loss looking for that long term profit.The same I believe hold true even for Bitcoin,as long as people believe in it the network difficulty should stay very high,if they don't they will eventually shut down their ASIC miners and the network difficulty will go down,that is an indication that the price will go down.

Of course this is not always true,there are exceptions to this,for example when China banned miners the network difficulty got down but price not that much because people knew it was artificial because of China move.
In the end no one can predict the future but Hodling is the way to go if you want to come out as a winner in the long crypto run.

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.

If we do able to reach out 30k flat line then we could  really say that 40k strong support had broken out completely which it could really be that totally possible to happen.

If we do stay up with near 40k level then this would be the hard part as you couldn't really make out decisions so easily whether the market would dip down further more or would

make out some significant recovery later on.So its a personal risks management on where people do depend on.

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

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.

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?