Under $39k, what's next?

[erep]

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.

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.

[Ararbermas]

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.

[uneng]

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.

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.

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...

[Johnyz]

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?

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.

[yhiaali3]

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.

[Wawa2013]

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?

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.

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.

[mirakal]

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.

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.

[Drnice]

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.

[sunsilk]

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to?

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

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.

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.

Bitcoin hasn't scored a new ATH this year so there's still a huge opportunity for bitcoin to do that.

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

[rodskee]

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?

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?

[bekti3]

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

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.

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

[Slow death]

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next? Where will this lead us to?

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

[Groundbit]

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.

[Doell]

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

[lepbagong]

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

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.

[michellee]

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

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.

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.

[jamkesmas]

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.

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.

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

[Dave1]

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.

[GreatArkansas]

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.

[bitterguy28]

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.