Under $39k, what's next?

[kentrolla]

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?

[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.

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?

Is this when it has reached $28k last year and then eventually recovered back until we've reached close to $70k? We don't know if the same logical pattern is happening or we're just really going through the entering of the bear market.

Either of them, we have to hold and if you see this as a good buy, you do it while the price are lower these times.

[Lanatsa]

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?

If we do able to reach out 30k flat line then we could  really say that 40k strong support had broken out completely which it could really be that totally possible to happen.

If we do stay up with near 40k level then this would be the hard part as you couldn't really make out decisions so easily whether the market would dip down further more or would

make out some significant recovery later on.So its a personal risks management on where people do depend on.

[kentrolla]

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.

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?

Is this when it has reached $28k last year and then eventually recovered back until we've reached close to $70k? We don't know if the same logical pattern is happening or we're just really going through the entering of the bear market.

Either of them, we have to hold and if you see this as a good buy, you do it while the price are lower these times.

I was referring to the dump which took place around first week of December for a day wherein bitcoin's price dropped from around $51k to $42k and recovered back above $50k within two days.

Yes we cannot be sure if the same logical pattern will repeat or there would be something different this time but we have to remember one thing that regardless of dump bitcoin will recover and go past its previous ATH like it did last year after a gap of 3 years but the problem her wish not everyone are long term Hodlers so most of us cannot survive for longer period if the 2018 bear run repeat though the possibilities are very low. Next few days would be crucial and mould the market.

[swogerino]

The network difficulty is the gauge I use to predict if a massive crash will happen,if it stays really high near the all time high like the one in the Ethereum network is staying despite the price crashing means that people still believe that coin will go up and do not give up mining and even mine at a loss looking for that long term profit.The same I believe hold true even for Bitcoin,as long as people believe in it the network difficulty should stay very high,if they don't they will eventually shut down their ASIC miners and the network difficulty will go down,that is an indication that the price will go down.

Of course this is not always true,there are exceptions to this,for example when China banned miners the network difficulty got down but price not that much because people knew it was artificial because of China move.
In the end no one can predict the future but Hodling is the way to go if you want to come out as a winner in the long crypto run.

[BIT-BENDER]

Bitcoin is now under $39k as the reliable support level of $40k has failed so what's next?

You rest from asking the question should be next and those predicting what the price maybe should also take a rest, the market enters a bull run and the question is can Bitcoin reach x or y during the dip it is what next, support and so much more, alot is going on in Bitcoin that we can talk about. I believe that Bitcoin isn't going anywhere and we are going to be seeing the good and bad market as well

[bekti3]

In fact, if you say what's next from the movement of bitcoin, even everyone doesn't know because this kind of thing is very difficult to use as a reference.
what we can do maybe only speculate on the analysis technique that we do and even then it is not certain the truth.
but maybe something is certain here regardless of what will happen later, a decrease or increase of course in the end everything will return to normal even though we don't know when.

[OgNasty]

The ultimate bottom should be around $10K in 2024 if history is to repeat itself.  With the failure of the Stock to Flow model now, I think the danger is definitely to the downside.  Selling dead cat bounces seems to be the play here, although we have been going pretty much straight down for 3 months now, so there hasn't been much opportunity to squeak out even a little profit trading on the long side.

I've been saying for several years that the time to sell would be December of 2021.  I only wish I had managed to take more of my own advice.  For now, we watch in horror and hope that Wall Street is reloading for another pump, because Main Street has moved on to more functionally useful projects with more fun and supportive communities. 

[TopTort777]

Next - pray. I am serious. We are heading back to “before Elon Musk” times. Another influetive pusher is needed to save Bitcoin from crashing, or going back. Only thanks to positive news, price wont get back to 50k, 60k or ATH. We need a miracle that will turn market upside down. 3 months of severe price drop only a miracle can fix.

[dothebeats]

Short-term I don't think there's anything left in store for bitcoin. Currently we are pushing for the lower ebbs of $30k and we might see the price under it again after a year. Personally I think that's a good buy, but other people in the market, especially the doomsayers might say otherwise. It's yet another chance for people to grab cheap bitcoins before it pushes forward to higher highs. Perhaps a drought for a year is incoming, given that we have nothing but price rise within the last few years. No matter what happens though, I'd still hold and buy when I have the extra cash.

[Vaculin]

In fact, if you say what's next from the movement of bitcoin, even everyone doesn't know because this kind of thing is very difficult to use as a reference.
what we can do maybe only speculate on the analysis technique that we do and even then it is not certain the truth.
but maybe something is certain here regardless of what will happen later, a decrease or increase of course in the end everything will return to normal even though we don't know when.

I think the market will become more dump because bitcoin will fall even deeper as its heading below $30k. Honestly, people are in a panic right now seeing bitcoin price is facing a terrible drop and with altcoins too since they are even more affected. The whole market is certainly in a bloodbath. But hey, this is not the end of crypto. This is part of the bearish cycle, and we all expect to drop their value. But eventually, everything will be back to normal again once the market is trap with positive news that will lift the prices of all coins that have chances to recover.

[NicNacCoin]

We can see right now that the Bitcoin market is hovering around 37610 dollar. I can't find the reason why Bitcoin is being dumped so much right now. But for some reason maybe Bitcoin has been dumping so much and there will be more.I think Bitcoin will break below 30k dollar and stay below it.

[stadus]

We can see right now that the Bitcoin market is hovering around 37610 dollar. I can't find the reason why Bitcoin is being dumped so much right now. But for some reason maybe Bitcoin has been dumping so much and there will be more.I think Bitcoin will break below 30k dollar and stay below it.

That will also be possible as bitcoin creates a consistent drop every hour so most likely, reaching below $30k is very possible.  But that won't mean that we should be fearful this time and ends up panic selling. Instead, look at the bright side of it, bearish season gives us good opportunity to start again and fill our portfolio with those cheap and high potential coins. If this market situation makes us more uncomfortable, well the fact is this won't take forever. So never miss a single opportunity this time.

[DoublerHunter]

We can see right now that the Bitcoin market is hovering around 37610 dollar. I can't find the reason why Bitcoin is being dumped so much right now. But for some reason maybe Bitcoin has been dumping so much and there will be more.I think Bitcoin will break below 30k dollar and stay below it.

That will also be possible as bitcoin creates a consistent drop every hour so most likely, reaching below $30k is very possible.  But that won't mean that we should be fearful this time and ends up panic selling. Instead, look at the bright side of it, bearish season gives us good opportunity to start again and fill our portfolio with those cheap and high potential coins. If this market situation makes us more uncomfortable, well the fact is this won't take forever. So never miss a single opportunity this time.

^ During bearish season not all sad, investors will probably be happy they can reinvest again. Probably those people who have invested and looking for a profit for the short term will probably get panicked now because they don't understand how BTC will work.
However, technically speaking, I don't know also what happen to BTC why it drops continuously beyond $40k. But the bright side is with me and I know BTC price will resist until several days. There is no reason BTC will drop because it is now widely adopted in most countries.

[AmoreJaz]

We can see right now that the Bitcoin market is hovering around 37610 dollar. I can't find the reason why Bitcoin is being dumped so much right now. But for some reason maybe Bitcoin has been dumping so much and there will be more.I think Bitcoin will break below 30k dollar and stay below it.

That will also be possible as bitcoin creates a consistent drop every hour so most likely, reaching below $30k is very possible.  But that won't mean that we should be fearful this time and ends up panic selling. Instead, look at the bright side of it, bearish season gives us good opportunity to start again and fill our portfolio with those cheap and high potential coins. If this market situation makes us more uncomfortable, well the fact is this won't take forever. So never miss a single opportunity this time.

^ During bearish season not all sad, investors will probably be happy they can reinvest again. Probably those people who have invested and looking for a profit for the short term will probably get panicked now because they don't understand how BTC will work.
However, technically speaking, I don't know also what happen to BTC why it drops continuously beyond $40k. But the bright side is with me and I know BTC price will resist until several days. There is no reason BTC will drop because it is now widely adopted in most countries.

this will be a very good opportunity for those who are waiting for btc to go down. 35k+ and it seems the crypto market is bleeding right now. looking also why this decline of price. but knowing btc, we may see it going up again in no time.
we will know the reason behind this recent drop maybe in few days. if someone or a company is selling their stash?
but as i said, for those who are waiting, wanna grab this opportunity or wait a lil bit?

[jrrsparkles]

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?

Recently I got a notification that Bitcoin reached $35K, so I feel this is the time for another dump and there is no wonder that history will repeat to reach the lowest low at some point of this circle. Probably we can see dead cat bounce movement as well but we never know when the real bearish season will start so preparing yourself is the possible solution for accumulating more coins at cheaper price.

[Oasisman]

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?

Price at of this moment of writing is $36,000. So, this means Bitcoin could go lower than $36k and will probably fall under $20,000. That's maybe the least for the bearish bottom.
There might be some short recovery to $40,000 because there will be people whose already buying at this current Btc price, or there could be none as the price were falling faster and people might be looking to buy at the very bottom of this dip.

[Oceat]

This is all thanks to Russia proposes to ban mining in crypto and the price now stays at $36k what a pleasant view to see. I bet a lot of them did panic selling already since it may be the best way because sooner or later Bitcoin would stay below $30k and that's what they think I think. But unfortunately, I know there will be some extra pump left in Bitcoin before it lead us to bear market and that is the $70k or $100k that most speculators are waiting.

This is also the best time to buy since the dip is way cheaper than last week but since we are in a panic mode most of them won't buy this dip but rather sell because of FUD.

[rhomelmabini]

As always buying the dip, we've seen how market been a downer but it always goes back up stronger. $20k is what I'm expect to dip with this rally but who knows actually? No one could know what's next but at least I'm not a noob investor anymore being paranoid over -50% correction, I've seen worst.

[chaser15]

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?

Just go with the flow.

There are lots of analysis that if BTC will dip at $35,000 point, expect it will dip more until $30,000. But for me, I didn't look it that way. When BTC sits around $35,000 that would be the buying point and it will just stay within that level for about weeks while fueling another trip to the bullish trend.

But enough of these speculations as it might hit my head more. I will just follow the trend.