Navigating Bitcoin's Price Plunge: What Awaits Next?

[mirakal]

Prepare for the $35000 that's what's next. Every time BTC falls like this, it will instantly bounce but maybe it will happen next month.

We are in the accumulation period I suppose and a lot are already expecting a dive before it will shoot to break a resistance which I think this dive must be it. But I think it will drop a bit more to $25000. The market always acts weirder every time the bull market is about to begin.

Bitcoin is currently priced at $26k but I supposed it will go even lower than $25k or $24k, and might stop at its lowest point at $20k I think. However, we should not worry when this price scenario happens because whenever a price decline suddenly happens, it’s preparing for a huge bounce back of price and yes, $35k or $40k might be its target soon. So just take advantage whenever there is price decline, because bitcoin price will never stay that low forever, it’s price will recover again and might hit a new resistance when we least expect it to happen.

[Viscore]

If you are seeing btc price to continuously plummet, then this is a good reminder that it’s already working for its new all time high the next time it bounce back. So instead of worrying, why not focus on accumulating a lot of cheap bitcoin through DCA so you won’t miss any price drop opportunity.

Bitcoin will surely recover after this current price drop and hopefully, it will come up with a new price resistance higher than $30k or $35k. This is not impossible because knowing bitcoin, everything is possible and it has a lot of future surprises that will trigger its own price to surge high and skyrocket.

[Vaculin]

We’ve always seen bitcoin bounce back after its price fall. Perhaps the price would go lower than $25k this time but eventually after couple or days or a month, it will recover again and may find its way reaching $30k instantly and from there, we may start to see another good price resistance. However, everything we forecast here remains a prediction until we start seeing it turns into reality. So let’s all be patient while witnessing how bitcoin moves unpredictably. After all, it won’t settle for anything less but a new all time high that we’ve all been waiting for to happen.

[Ndabagi01]

The question that arises now is whether Bitcoin will experience a rebound or persist in its ongoing trend. The unfolding market dynamics will provide further insights into the trajectory of this cryptocurrency.

If you've been watching market movements since the beginning of the year, you'll be able to forecast what will happen to the bitcoin price next. This is the perfect time to buy more, and if you've been utilising the DCA method, here is another chance to balance your portfolio after previously purchasing at a higher price. After this decline, the market will rise over the $30,000 price level, and I don't expect it to fall again as the days of the bull run are drawing near. If there is no severe setback in the crypto market before the bull run, I do not believe the price will fall below $30,000 again.