The market is full of opportunities to come

[rhodelmabanal]

Bitcoin at 35959 position under pressure, has been out of nearly 2000 back to the low to 34021 position out of the rebound, the current price of short-term consolidation, this wave back to yesterday's gains have been reversed, in addition to the technical repair, the impact of the message is also relatively large.
According to the show, the current network computing power of Bitcoin is 88.02EH/s, the current difficulty of 14.36T, is expected to adjust the difficulty 14 days and 20 hours later, the next difficulty will be lowered to 28.34% to 10.29T. Although some people in the market think there is a possibility of a rebound, but many absentees still don't think there will be a quick recovery.

Well there are so many speculation in the furom and one of this speculation is bitcoin will reach 100k$ before year end and I always believe that this could happen, so I set a limitation, if bitcoin price will not drop into 20k$ there will be a possibility that we will experience a new ATH before year ends. I will always believe that it will reach 100k$ if it will not drop below 20k$.

[1714879196]

1714879196

[1714879196]

1714879196

[1714879196]

1714879196

[1714879196]

1714879196

[Fredomago]

For now when everything seems to shine for some alts, the scenario that is handled for BTC is very cloudy, according to this article it is obvious that there are many sales of BTC, of course this is the perception that is had, the volume is very diverse, because It varies according to the exchanges, but in general terms the price of BTC is likely to drop a bit more if these sales continue:

Since May 20, the BTC/USD exchange rate has been trending lower inside a falling parallel channel, rebounding off its support trendline and pulling back lower upon testing resistance. At the same time, the $30,000–$32,000 area has been providing a confluence of additional support.

Source: https://cointelegraph.com/news/bitcoin-sell-off-continues-as-btc-nears-31k-ahead-of-powell-s-speech

Sure the outlook seen in the market is bearish, but everything can change, if things turn in favor of BTC, the bulls will not drop the price further.

Bitcoin influenced the most inside the market, no doubts that if there's a change pace that happened the market will start bouncing back and regain the bull momentum.

For now, those who are willing to take the risk and still believing that there's  a good future ahead will take this as open opportunities, invest what you can afford to lose or what you can afford to wait, might take some time before everything go turned in favor of those long term holders.

[Expecto]

I don't see a quick recovery in the near future to be honest. I'd really like to see the market seeming promising but it's not the case at least for now. It's fighting hard against a new resistance level. And it's under the danger of falling to a level below 30k dollars again.

[Fatunad]

I don't see a quick recovery in the near future to be honest. I'd really like to see the market seeming promising but it's not the case at least for now. It's fighting hard against a new resistance level. And it's under the danger of falling to a level below 30k dollars again.

Nothing is assured but i already have some back up funds incase for that thing happens.Bitcoin is really having a hard time even just staying up with 35k price point and no signs
for it to break out that 40k resistance and now its hovering almost on 30k level (31k+) at the moment and if we do go below that support and might have some breakout
then we might be seeing 20k+ prices again soon but we know that technicals arent precise to rely but at least wwe do have some ideas.

[kawetsriyanto]

I don't see a quick recovery in the near future to be honest.

No one actually can see what to happen in the next few days, few weeks, or even few months. So, we cannot judge if no fast recovery in the near future. Especially about the recovery of BTC price to go above $35k or go below $30k again. But if we consider the increase of most crypto coins today, probably in the next few days there will be a bit decrease in crypto prices.

[Clavulanic]

Bitcoin at 35959 position under pressure, has been out of nearly 2000 back to the low to 34021 position out of the rebound, the current price of short-term consolidation, this wave back to yesterday's gains have been reversed, in addition to the technical repair, the impact of the message is also relatively large.
According to the show, the current network computing power of Bitcoin is 88.02EH/s, the current difficulty of 14.36T, is expected to adjust the difficulty 14 days and 20 hours later, the next difficulty will be lowered to 28.34% to 10.29T. Although some people in the market think there is a possibility of a rebound, but many absentees still don't think there will be a quick recovery.

Well there are so many speculation in the furom and one of this speculation is bitcoin will reach 100k$ before year end and I always believe that this could happen, so I set a limitation, if bitcoin price will not drop into 20k$ there will be a possibility that we will experience a new ATH before year ends. I will always believe that it will reach 100k$ if it will not drop below 20k$.

We can't be sure this time that's going to happen in a short span of time, because many bad news started to burst out. People who's just new in crypto or those invested without concrete knowledge couldn't stand on FUD, that why panic usually existed then caused huge market dump. This is their strategy to enter towards the market, then consider it as an opportunity but a disgrace of the weak.

[Johnyz]

I don't see a quick recovery in the near future to be honest.

No one actually can see what to happen in the next few days, few weeks, or even few months. So, we cannot judge if no fast recovery in the near future. Especially about the recovery of BTC price to go above $35k or go below $30k again. But if we consider the increase of most crypto coins today, probably in the next few days there will be a bit decrease in crypto prices.

We can only speculate the possible trend, but its hard to know what's next in the coming days because the price are very volatile it goes up and down, now we are on the support level and hopefully, to sustain there but there's no guarantee for that. We might feel a little depressed seeing the price right now, but always remember that there's always an opportunity to come you just have to be strong and take the risk that you can, this market will recover thank those who keep on supporting cryptocurrency despite of its risk.

[Wawa2013]

I don't see a quick recovery in the near future to be honest.

No one actually can see what to happen in the next few days, few weeks, or even few months. So, we cannot judge if no fast recovery in the near future. Especially about the recovery of BTC price to go above $35k or go below $30k again. But if we consider the increase of most crypto coins today, probably in the next few days there will be a bit decrease in crypto prices.

I admit the movement of cryptocurrencies is very difficult to predict, so no one is able to know what will happen to crypto. But everyone is free to predict
what they think is right based on the results of the analysis they do. So there is no certainty whether there will be a recovery in the near future or not.
what is certain is that if we have extra money, buying potential coins is a good opportunity in market conditions like this. Because in the long term
some potential coins will definitely increase in price, much higher than the current price.

[nurilham]

I will always believe that it will reach 100k$ if it will not drop below 20k$.

Yep, I also think the same. In my opinion, the crucial resistance is about $25k. If BTC price drops below $25k, the chance for $100k is probably over. There are a too big decline and people will be in a panic if they see the BTC price goes to $25k. In this condition, I assume we won't expect another uptrend this year, instead we will begin a bearish season soon. However, I hope it won't happen.

[STT]

Depends on the duration of the drop more for importance.   We can in theory trade at any price on any day for limited volume and it barely matters.   I might agree a price for BTC with anyone on this thread and we'd have our own reasons to transact at that price and so to the market can risk to find a price and be incorrect in the long run.
   Thats my take that sometimes we spike down and its just incorrect, nothing less then daily bars is really of too much importance presuming we dont manage to get a tsunami of volume to confirm the low.   Its feasible that some will sell at any price, fear can happen and that creates sharp prices but a trend down is more certain if it can confirm weekly bars.   Right now I would observe volume isnt that great or significant.

https://www.marketwatch.com/story/timing-an-entry-point

[kayiboyu]

Yes, the market is really full of opportunities to come. But these opportunities don't seem very close to me. We are still in the bear market and it's better to have a good amount of patience. But when we leave these days behind, I can't even imagine how much big level the price will reach. I expect a new ATH certainly.

[tippytoes]

I don't see a quick recovery in the near future to be honest.

No one actually can see what to happen in the next few days, few weeks, or even few months. So, we cannot judge if no fast recovery in the near future. Especially about the recovery of BTC price to go above $35k or go below $30k again. But if we consider the increase of most crypto coins today, probably in the next few days there will be a bit decrease in crypto prices.

I admit the movement of cryptocurrencies is very difficult to predict, so no one is able to know what will happen to crypto. But everyone is free to predict
what they think is right based on the results of the analysis they do. So there is no certainty whether there will be a recovery in the near future or not.
what is certain is that if we have extra money, buying potential coins is a good opportunity in market conditions like this. Because in the long term
some potential coins will definitely increase in price, much higher than the current price.

Sometimes one good news and the market will be in green. We don't know when a very positive news will come, but you need to prepare in this market. If you strongly believe that it will go up in the next coming days or months, better buy while it is still cheaper. And don't regret when the price goes up and you failed to get your own stash. It is your own strategic moves how you can gain profit from this market. You don't need to rely on these experts before you make your own move.

[goaldigger]

I will always believe that it will reach 100k$ if it will not drop below 20k$.

Yep, I also think the same. In my opinion, the crucial resistance is about $25k. If BTC price drops below $25k, the chance for $100k is probably over. There are a too big decline and people will be in a panic if they see the BTC price goes to $25k. In this condition, I assume we won't expect another uptrend this year, instead we will begin a bearish season soon. However, I hope it won't happen.

Bear market is an opportunity to accumulate and we can’t stop the market from reaching that level, we can only hope but that’s inevitable so be prepared always, it can happen anytime.

The market gives so much opportunities already, those who adopt and act accordingly already enjoying the fruit of their hard work. I do make some mistakes before for panicking, but that’s already part of my past and now I’m doing my best to grab every opportunity.

[magneto]

Expect a short term selloff in my opinion.

The $30k level is definitely something to keep in mind and watch going forward. If this support is broken through then we could potentially regress all the way back to $20k or so before we see a major rebound.

The sentiment is undeniably bearish right now. There is no denying that - but that's when opportunities strike. Starting your DCA strategy to accumulate BTC for the long run right now would be a fantastic idea.

[kawetsriyanto]

But everyone is free to predict what they think is right based on the results of the analysis they do.

Sure. I don't against a prediction.
What I stated above is to make it clearer. Prediction means no guarantee whether to happen or not. It is only someone's view on the possible thing to happen next. But to happen or not should depend on many factors for sure.

Because in the long term some potential coins will definitely increase in price, much higher than the current price.

Even this also has no guarantee. It depends on the demand on the market and how the development of the project who own the coins. Also, it can be infleunced by big issues around the world that has correlation with crypto market.

[Boov]

Bitcoin at 35959 position under pressure, has been out of nearly 2000 back to the low to 34021 position out of the rebound, the current price of short-term consolidation, this wave back to yesterday's gains have been reversed, in addition to the technical repair, the impact of the message is also relatively large.
According to the show, the current network computing power of Bitcoin is 88.02EH/s, the current difficulty of 14.36T, is expected to adjust the difficulty 14 days and 20 hours later, the next difficulty will be lowered to 28.34% to 10.29T. Although some people in the market think there is a possibility of a rebound, but many absentees still don't think there will be a quick recovery.

Absolutely, we still have to wait for more ways to build a strong foundation in order to make it recover successfully. Those possibilities would happen when potential triggers will click, even if the situation is unpredictable. Once we've overcome all pressures and fears then that's the best time to decide to take our profit as part of the our goals in crypto.

[marine4u]

I will always believe that it will reach 100k$ if it will not drop below 20k$.

Yep, I also think the same. In my opinion, the crucial resistance is about $25k. If BTC price drops below $25k, the chance for $100k is probably over. There are a too big decline and people will be in a panic if they see the BTC price goes to $25k. In this condition, I assume we won't expect another uptrend this year, instead we will begin a bearish season soon. However, I hope it won't happen.

We are taking action on the market.  In the past there have been worse diseases.  We have to stand firm at 30k $, be patient, optimistic, relax everything will come naturally.  What El Salvado has done and promises success for their country is what it takes to know the meaning of bitcoin and crypto in the process of changing the world.

[cryptomaniac_xxx]

Bitcoin at 35959 position under pressure, has been out of nearly 2000 back to the low to 34021 position out of the rebound, the current price of short-term consolidation, this wave back to yesterday's gains have been reversed, in addition to the technical repair, the impact of the message is also relatively large.
According to the show, the current network computing power of Bitcoin is 88.02EH/s, the current difficulty of 14.36T, is expected to adjust the difficulty 14 days and 20 hours later, the next difficulty will be lowered to 28.34% to 10.29T. Although some people in the market think there is a possibility of a rebound, but many absentees still don't think there will be a quick recovery.

Absolutely, we still have to wait for more ways to build a strong foundation in order to make it recover successfully. Those possibilities would happen when potential triggers will click, even if the situation is unpredictable. Once we've overcome all pressures and fears then that's the best time to decide to take our profit as part of the our goals in crypto.

And up to now, the price is still under selling pressure, we against clip the $30k mark, fortunately we have a good bounce. But it's not the end end, we might see another downward pressure because of the GBTC unlock news which has been plaguing this community in the last couple of days. And it seems being push my others, specially newbies. And it's obvious that they are creating another FUD to bring the price down again.

[Wawa2013]

I don't see a quick recovery in the near future to be honest.

No one actually can see what to happen in the next few days, few weeks, or even few months. So, we cannot judge if no fast recovery in the near future. Especially about the recovery of BTC price to go above $35k or go below $30k again. But if we consider the increase of most crypto coins today, probably in the next few days there will be a bit decrease in crypto prices.

I admit the movement of cryptocurrencies is very difficult to predict, so no one is able to know what will happen to crypto. But everyone is free to predict
what they think is right based on the results of the analysis they do. So there is no certainty whether there will be a recovery in the near future or not.
what is certain is that if we have extra money, buying potential coins is a good opportunity in market conditions like this. Because in the long term
some potential coins will definitely increase in price, much higher than the current price.

Sometimes one good news and the market will be in green. We don't know when a very positive news will come, but you need to prepare in this market. If you strongly believe that it will go up in the next coming days or months, better buy while it is still cheaper. And don't regret when the price goes up and you failed to get your own stash. It is your own strategic moves how you can gain profit from this market. You don't need to rely on these experts before you make your own move.

I agree that good news can indeed trigger the market to go green, but the problem is that no one knows when the good news will come. Therefore
we must have confidence in the choice of coins that we have purchased, that the price can rise at any time, what we need to do is be patient and
wait until the price of the coins we buy goes up. Because to get a profit in the crypto world it takes patience. As long as we rely on our own analysis
and don't rely on other people's opinions, then we are on the right track.

[Roidz]

I will always believe that it will reach 100k$ if it will not drop below 20k$.

Yep, I also think the same. In my opinion, the crucial resistance is about $25k. If BTC price drops below $25k, the chance for $100k is probably over. There are a too big decline and people will be in a panic if they see the BTC price goes to $25k. In this condition, I assume we won't expect another uptrend this year, instead we will begin a bearish season soon. However, I hope it won't happen.

We are taking action on the market.  In the past there have been worse diseases.  We have to stand firm at 30k $, be patient, optimistic, relax everything will come naturally.  What El Salvado has done and promises success for their country is what it takes to know the meaning of bitcoin and crypto in the process of changing the world.

Right now we really have to be patient in dealing with market conditions and of course we have to see the results of what el salvador does in the future, and if indeed their adoption goes well enough for its citizens and has a positive effect on the country of el savador of course it will a reference for other countries to also adopt bitcoin and when that happens it will definitely make the bitcoin market grow again and will automatically make the bitcoin price high again, I personally take advantage of the current conditions to buy bitcoin at a cheap price so at least I have a little preparation when later the price of bitcoin returns to high.