It's not only bitcoin who is dumped so hard but even stable token that peg with bitcoin has been shaken. I didn't believe if even tera luna lost more than 50% from its token price. This is good. that will give a small insight about using volatile assets to backed the stable coin will never happen. Stable asset will always peg with stable token. It's to keep the value from the volatility. The next move is bitcoin is going down and this is another bulltrap.
People call this another recovery but i don't believe with it.
Topic: What is the next move (Read 182 times)
With this condition, I suggest keeping the coin stable for some time in the future until we get the market back stable or enter a saturated market during a bear market. If you force trade at this time, it will make us hold in fear, the risk is very high, or if you want to take small profits it is better to just scalping on bitcoin.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
And speaking of strong support, you might want to watch Chill Trader’s technical analysis video on his Youtube channel regarding a strong comeback of BTC in the coming days and identified his own strong support levels.
Seems to me that it’s going to be between $29k to $30k as the strong support level for now. However, if it does break, the next support might be somewhere around $25k to $26k.
I just hope that it will bounce back in the coming days after this dreadful pullback of the entire crypto market that was also influenced by the stock market crash.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
When there is a dip there is a sudden rise in the price?
I guess this time it’s also following the same trend?
In this year, Bitcoin listing at 30k usd was the lowest, now it’s recovering, and at the time of writing of this post Bitcoin is currently at 31,640 usd.
I guess Bitcoins will continue rising now, as many traders will start buying the coin due it’s low price.
I am expecting Bitcoin price to become stable at around 41k USD.
Let’s see what happens next.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
I think it's going to bounce back to 36k then would go back again to 29k. And I think the final decision whether bitcoin is going to be in the uptrend or in the downtrend is probably in the next few months. For me, it's to early to decide whether the downtrend is already over. Let's just hope that bitcoin will soon recover and that we can see an uptrend in the next few months. But still, let's don't forget to prepare ourselves for the possible downtrend because it is still possible though, no one really knows, bitcoin sometimes is unpredictable.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
previously we haven't touched 29k in recent months, I'm sure if the 30k support is broken they will fall even deeper. But if we see bitcoin going up to 31k it's like a bait to be ready for a free fall down, there is currently no confirmation that resistance will break that fast, we have to wait until bitcoin is at a thick support point. 
Yesterday bitcoin took a big fall, there was panic and a sell-off in the market, with many altcoins reaching a new low compared to 2021. I think there should be a correction or a bounce in the market in the near future and then it is likely to continue to fall. I would not expect cryptocurrency to rise this year.
As long as the panic is still in its normal stage, I don't think it's a problem and I hope there won't be a mass panic that will make the situation worse.considering what has happened to the crypto market so far it seems hard to see cryptocurrencies going up this year
Be careful, this recovery won't hold for too long and BTC will still go down than this, I won't be surprised if BTC touches 19,000$ again, its be a bear market so always expect the unexpected, this dump will go on for a while before things starts to settle down.
It's not over. The possible scenario is when bitcoin will be going to the another deep other than the current rate. No one know the accurate prediction about that but i do believe when you are seeing the market and then it seem the chart is not so bullish to be able to rebound right now. The next move must be bounce but when this is not happening next days and i believe we will see another dip to come. The more pressure will happen and the price of bitcoin can't defend 30k rate.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
I'm not a pro trader, but I would say that the down ward trend is not yet over because of:1. there is still the looming war behind
2. the market is in the bear market
3. the FED rate hike will have it's effect
So I guess everyone should be very careful of their trading strategy. Or if you are here for the long term, better buy cheap bitcoin or any other altcoin and hold.
The forecast, as we know, is not a noble thing, and even more so now.But I think the fall will not continue for a long time in general, there is no strong panic and users of exchanges do not sell their assets for distillation.If it falls even lower, there will be a great chance to buy cheaper.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
If you can buy and hold it for the long term, don't worry too much about current or past developments, because we all see opportunities in the future for you to be happy with I see the problem people see when it comes to using technical analysis to apply it, but overdoing it and not being able to keep up with the short-term changes. Honestly, even though BTC is falling right now, I still see opportunities for losers to find a little something to keep from getting too deep into debt, I'm pretty optimistic after many years in this market. The price is just deceiving how you think to invest. Let's look at the facts 1BTC = 1BTC, don't just see successes with prices via fiat or life tools.
Something is wrong with UST from Luna, I guess this is also a part why BTC is falling, I heard that the CEO used BTC as back up fund for UST stable coin when its supposed to be backed by Dollar, now he has no choice but to dump the whole BTC to avoid the massive correction that's currently going on but in this process this move will hurt Luna and UST as well.
I'm sure support at $29k isn't strong yet, but seeing cryptocurrencies develop so well this year puts me at 50:50 they will at least be able to last a few days at $31k before dropping further, or we'll enter a fake bear pass, nothing know. Many people get bear market info confirmed, but cryptocurrencies always surprise everyone.
Yesterday bitcoin took a big fall, there was panic and a sell-off in the market, with many altcoins reaching a new low compared to 2021. I think there should be a correction or a bounce in the market in the near future and then it is likely to continue to fall. I would not expect cryptocurrency to rise this year.
There has never been where BTC just perform a massive fall continuously without any fake recovery events, my own advice is never to trust any recoveries at this point in time, the only way in coming weeks is bear market, strong support or not I doubt it will hold for long, the path in the front is downward.
I was really surprised that most of the coins crash more than 10% and I really panicked but I remember that this happen almost more than 100x already and I know that it will recover soon and will just need some time to recover, it's just a cycle after all.
This may be it. I am not 100 percent sure but this is too bad there should be nothing left to be dumped.
Honestly, I didn't expect it but thankfully I got a hold of myself to buy at $35k. I was there, near purchasing it until it went down at the last minute.
I am half glad and half worried about what is happening but at an optimistic view this is a big opportunity.
I won't let this one pass anymore to avoid regretting it later.
Honestly, I didn't expect it but thankfully I got a hold of myself to buy at $35k. I was there, near purchasing it until it went down at the last minute.
I am half glad and half worried about what is happening but at an optimistic view this is a big opportunity.
I won't let this one pass anymore to avoid regretting it later.
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
Probably it will hang around 31K - 33K if the market stables and now there is nothing about the free fall or huge rise but there are chances for price to drop further if influencers made the people to click the panic button. 
Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.
I think the current bitcoin price movement will remain stable at a price between $30,000 - $35,000 because of the down trend and bad news often circulates that can make bitcoin price movements weaker and do not have the strength to make more price increases, hopefully there will be good news could trigger a return to rising bitcoin prices. Jump to: