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I consider that the current condition of Bitcoin is still not near a bull run like the bull run period that had occurred from 2020 to 2021. This can be seen from the price movement which is still stagnant between $35k-$45k. I predict Bitcoin price movements this year will tend to be limited to the $35k- $50k range.
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Possible. February there was so much fear as the rally in bitcoin's price hike has slowed since the start of the year due to heavy selling traders and investors and a lack of positive sentiment from major institutions.
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I think it's still possible for bitcoin to hit its $100k price target this year if the sentiment is positive and requires a long rally. So far the bitcoin price has recovered and managed to break through the $40k price resistance after experiencing a very sharp price correction in the last few months. Let's see if the current bitcoin price hike will continue or just temporarily. Maybe we'll just talk about a $100k bitcoin price target this year. if the price of bitcoin manages to break through $65k.
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Bitcoin price has surged in the past week from a price range of $38k to $45k. However, this price did not last long, even now the bitcoin price has dropped back to the $38k range. I thought maybe the bitcoin price would fall back below $35k.
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If you have been considering buying bitcoin, now is one of the most affordable times to invest as the price of bitcoin is falling. However, you should also think about your overall financial situation before you invest. As with any investment, it is best to invest in the long term.
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If you look at the price chart in the current crypto market, the downward trend in Bitcoin prices seems to continue until the end of this month and the bitcoin price has the potential to fall again below $40k. Though the price of bitcoin had touched the price range of $ 45k in the last two days. However, the price did not last long, and currently, the bitcoin price is trading at around $42k.
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In my opinion, the price of bitcoin will still experience a bullish trend in the midst of a green market like today. Although later the price will drop occasionally and that is only natural because crypto prices often experience rapid increases and decreases. Therefore it seems that the next bitcoin price target will be around $48k within this week.
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Indeed, over the last two weeks, the bitcoin price has strengthened nearly 15% where the bitcoin price is at $44k at the moment. I see the crypto market slowly recovering from the price correction that has been going on for the last few months as the Bitcoin price has gone up. Therefore, the current rise will continue to strengthen gradually.
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 We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur. If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible. We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation. The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter. Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments. |
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Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
If your friend wants to trade in the short term, I think now is not the right time to buy bitcoin because bitcoin has the potential to continue its decline. Better to wait for the price to hit the $40k area to enter the market. All crypto markets at the beginning of this year experienced a correction which was quite boring for traders. Therefore, the best option at this time is to wait better, do not rush to buy. |
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I don't think bitcoin is going to drop to as low as $30k again. I see that bitcoin has the potential to move up to test the $45k resistance level in the next few weeks. If you pay attention to the charts in the crypto market, there are indications that bitcoin is strengthening and has the potential to breakout or at least the bitcoin price will touch the $46,000 area.
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In 2022, of course, the hope is that the price of bitcoin will continue to increase to create a new ATH again. However, apparently, this year will be a much tougher year for bitcoin at least in Q1 as many traders will also focus on altcoins and other assets. We can see this since entering the beginning of 2022 until now the bitcoin price is still corrected very deeply. However, I am still optimistic that in the middle of this year, Bitcon will continue to increase, especially in the long term.
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We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?
I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move. We have a good start of this month (February), however, it's only a minor bounce, let's see if that will continue and bitcoin will eventually be trading at $40k and over again. It's been bearish this month so far, our expectation of $100k seems not going to happen soon, it has to flip the current situation in order for us to see a new ATH again. At the beginning of February this bitcoin price began to climb. bitcoin price has gone up 10% and is trading again at $41k price level. It looks like the bear market is over and we have entered the bull market again. Well, if the current bull run continues we will most likely see another new ATH this year. |
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In 2021 in November bitcoin and altcoins experienced a significant increase to set a record ATH, but from late 2021 to early 2022 bitcoin and altcoin prices fell again to touch their lowest point. Therefore, according to my analysis in the future bitcoin will again experience a significant increase until it sets a new ATH record again. This upside potential is also supported by the bulls at least in the middle of this year.
The start of 2022 was a pretty bad start for bitcoin, the price drop was quite significant and it caused panic for all of us. How not? Bitcoin which had previously reached ATH $68K unexpectedly fell almost around 50% in just a few months , the panic selling has pushed the bitcoin price down more and it looks like it will take us a long time for bitcoin to hit a new record high on the market. However, before we meet the new bitcoin ATH, I think we can still take advantage of the current price drop to add to our asset portfolio and hope that the $100K price will be reached before the end of the year. Looks like bitcoin has started reversing again. Currently the price of bitcoin has increased where since yesterday until now the price of bitcoin has increased by 10% and managed to break through the price level of $41k. I am sure this increase will continue. But it looks like bitcoin won't hit $100k this year. Let's see how far the direction of the bitcoin price movement continues. |
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I think, although the bitcoin market is currently experiencing uncertainty. But it looks like bitcoin's lowest price is $34k and won't go down to the $25k price level. The last few days bitcoin had re-tested the $38k resistance and bitcoin's movement was still quite stuck at the $38k resistance although there was a slight decline but I see bitcoin will continue to rally to the $40k area. But, for now it's better to wait for the right time to re-enter the Bitcoin market.
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I think, if you are a long-term investor, maybe you can buy bitcoins anytime you want without having to wait for bitcoin prices to fall even deeper than now. Although the price of bitcoin is currently weakening but the current downward trend in price will end soon and the bull run market will return. My advice, secure your assets, invest wisely, and buy gradually according to your financial capabilities.
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 Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area. Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter. I think, if refer to your chart and until now the bitcoin price is still forming a lower low then there is a high probability that the bitcoin price will enter the $35k area. It is also possible that if this scenario of your chart pattern occurs, the price of bitcoin may fall again at $30k because it forms a head and shoulder pattern. But I don't think we're going to have a long winter because after dropping to that price level, the bitcoin price will rebound at least back to the $50k level again. |
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We can all notice the ongoing price correction of Bitcoin and the fact that price does not continue in a straight line. What do you think Bitcoin's Price could be corrected to? I mean, what do you think would be the minimum price Bitcoin gets to, before going back to $52k price again?
I think the bitcoin price correction since the last month hasn't stopped, it's even possible that the bitcoin price correction will continue until the end of January. Entering the beginning of 2022, all crypto markets are experiencing price corrections which are quite boring for traders. bitcoin price is still stuck in the $38k- $36k area at the moment. If it doesn't return to the $45k level soon, the bitcoin price has the potential to drop to the $33k level. Therefore, the best option at this time is to wait for the better, while paying attention to the nearest trend line. if there is a movement, then the direction of the trend will continue where the price will move. |
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In 2021 in November bitcoin and altcoins experienced a significant increase to set a record ATH, but from late 2021 to early 2022 bitcoin and altcoin prices fell again to touch their lowest point. Therefore, according to my analysis in the future bitcoin will again experience a significant increase until it sets a new ATH record again. This upside potential is also supported by the bulls at least in the middle of this year.
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I think, if someone is thinking long term then the exit strategy in the midst of the current bitcoin price correction situation is not a wise choice. I still believe that Bitcoin price movements are still bullish this year along with the increase in investor interest. Therefore, I predict bitcoin is consolidating for a more bullish move forward.
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