Is $34k the bottom??

[Reatim]

We will see this after the Chinese New year, hoping for a good reversal.

Again Chinese New Year... Why do you consider that this holiday can influence on Bitcoin? You think that people would start to convert Bitcoin info fiat to buy presents? Bitcoin is illegal in China. Operations with Bitcoin are illegal. There will be people who will make such exchanges anyway, but their number is so tiny that market wont even noticed crypto movements.

Previous years proved that holidays, summer time holidays for traders, pandemic restrictions does not influence on the price at all. These are just excuses for newcomers to explain why their invested value has decreased.

That is how we manage to predict the market in the past mate lol, when the Holidays Specially Christmas and New Year dictates what will be the faith of the market.

but those days are Gone , now even without Holidays the market can go up , like what happened in 2021 so meaning this is not the case now.

Chinese New year? when China had already dumped Bitcoin ? this will never take place lol .

[Jating]

We will see this after the Chinese New year, hoping for a good reversal.

Again Chinese New Year... Why do you consider that this holiday can influence on Bitcoin? You think that people would start to convert Bitcoin info fiat to buy presents? Bitcoin is illegal in China. Operations with Bitcoin are illegal. There will be people who will make such exchanges anyway, but their number is so tiny that market wont even noticed crypto movements.

Previous years proved that holidays, summer time holidays for traders, pandemic restrictions does not influence on the price at all. These are just excuses for newcomers to explain why their invested value has decreased.

It's because there are some speculators who really connect every holiday in the calendar year for bitcoin going up (or down) for that matter. Initially I thought that there is somewhat correlated, but like the last bearish trend, I remain optimistic that bitcoin will bounce back after the Chinese New Year but it didn't happen.

So after that I said to myself that it is bullshit to say the least. Crypto moves in positive direction when people are buying, simply as that, regardless if there is holiday in a calendar or not. And now that China has put a hard line stance against bitcoin, I'm not expecting any movement coming from them.

[bakasabo]

Next time someone mentions "Chinese New Year" or "Christmas" as a reason of Bitcoin price drop, I will send him list of holidays by country  https://www.calendardate.com/year2022_holidays.php, and will ask him to use it every time he plans to buy or sell. And on December 31 2022 will ask for results.

What comes after Chinese New Year? Valentine's Day. Expect another price drop, as people would withdraw crypto to fiat, to buy presents for their beloved. Sounds plausible.

[peter0425]

I have always worked with my method and always buy the dip even if the portfolio is declining because that is the best time to buy, I will buy more if Bitcoin ever slides low to 30k as I have bought some at 33k already.
But at the moment the market is on a recovery level and now pricing a little above 36k.

nice quotation , very admirable . but how could i even afford to buy when my blood is spreading the street and my power is losing closely 

Maybe i will buy more when my enemy's blood is pouring in the street 

This is also my though about the current recovery, I’m pretty sure bear market is not finish yet and the bottom is yet to seen. Most probably, $30k can be the bottom so if you bought at the price of $34k, taking profit now is fine since the price will still dump. Though its good to see the recovery today, but I don’t think its real.

well so far it is 33k in which recorded the lowest, but year who knows what will come in the next?

Cheat happens just buy what you can afford at a time, I guess it is more fun to buy when the blood of the enemy is spilled on the street but building a tick skin is what makes a great holder.
The market gave the holder some relief in the early hours of Tuesday 25th January 2022, but it looks more stable at present.

That is exactly what my point is , I cannot afford buying with my own blood spoiling the floor when there are enemies blood that i can take advantage .

cheating is indeed part of everything and this is how healthy community is when cheater is spreading here and there.
Just focus on your strategy and be aware of the possibilities of being a victims.

[Chato1977]

Going to 38k now

https://coinmarketcap.com/currencies/bitcoin/

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

[LogitechMouse]

Well, it bounced from that price so we can say that it is a short term support.
But to call it as a support for long term? I don't think so because I believe that the downward pressure isn't over yet.

RSI is at 35 and MACD is still below 0. Though it already bounced back in RSI, I think that we might see more downward movement in the upcoming days until we reach the $30,000 support. I might be wrong though and we might see Bitcoin going up to $40,000 in the next days but if it will not happen then this short rise is a trap.

Overall even it is bottom or not, buying at this price will give you higher reward in the long term so better to accumulate as much as you can right now.

[Ararbermas]

The price was going nuts and now seems to have stopped falling for now and also slowly rising up for a little while as well. What are your thoughts, is it going to fall more or would it start to rise again and recover all the money that was lost.
And what if this rise in price is just temporary and the price would again reach $34k and breach that support as well, what would happen then, what is the next support to look out for in case the market bleeds more in the coming days.

must check the higher time frame mate such daily or higher if you want to make prediction because you're just basing using 5M time frame it cannot really tell what situation bitcoin has right now because its for everyday performance only, i mean you cannot see the whole structure of the graph or what trends it has right now. By the way I'm looking in the daily time frame right now and yes bitcoin already touched the demand area reason there are some green candles already on in a small time frame, but it doesn't mean its time to buy wherein i suggest must wait for the right trend..

[coolcoinz]

Well, it bounced from that price so we can say that it is a short term support.
But to call it as a support for long term? I don't think so because I believe that the downward pressure isn't over yet.

RSI is at 35 and MACD is still below 0. Though it already bounced back in RSI, I think that we might see more downward movement in the upcoming days until we reach the $30,000 support. I might be wrong though and we might see Bitcoin going up to $40,000 in the next days but if it will not happen then this short rise is a trap.

Overall even it is bottom or not, buying at this price will give you higher reward in the long term so better to accumulate as much as you can right now.

Talking bout RSI, anything below 30 is the oversold territory that suggests exhaustion of sellers and the end of a correction. It doesn't say when it will happen because low RSI can drag on for weeks, but it also doesn't have to mean lower lows from this point.
We were at 24 a few days ago, so even if this is a trap and I'm pretty sure traders will try to short at 40k and we'll keep bouncing up and down, the 30k level is a strong support. Chances of going down below it right now are low.

The most probable scenario is a channel between 30 and 40k with falling volume that will eventually lead to a breakout. It will either end with a last capitulation to the downside (maybe 25k?) and then a strong bounce back to 30k, or a breakout to the 40-50k channel and another period of sideways trading there. 30k feels a lot like 2018 6k support that we eventually broke to the downside.

[$crypto$]

Going to 38k now

https://coinmarketcap.com/currencies/bitcoin/

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

The price bounced after the correction a few days ago so the support is not as strong for a more basic $30k as many predicted it means bitcoin can still rise with full expectations, my conclusion is $40k being the next target.
So buying at their low price is a bit tense whether to go further downhill or up but let's see now $38k is for a good indicator.

But I will look for the support points again and resistance with my observations.

[STT]

BTC recovered back to weekly average but has to break range upwards just to meet its next battle at the downtrend now residing at 40k in inline with the decline from ATH



I think only the break past 40k upwards would really count as a proper rally noticeable by all participants.   At this time sellers would be beginning to be proved wrong and shorts will close out which helps with continued movement upwards.

[noormcs5]

We will see this after the Chinese New year, hoping for a good reversal.

Again Chinese New Year... Why do you consider that this holiday can influence on Bitcoin? You think that people would start to convert Bitcoin info fiat to buy presents? Bitcoin is illegal in China. Operations with Bitcoin are illegal. There will be people who will make such exchanges anyway, but their number is so tiny that market wont even noticed crypto movements.

Previous years proved that holidays, summer time holidays for traders, pandemic restrictions does not influence on the price at all. These are just excuses for newcomers to explain why their invested value has decreased.

People, rather media, always try to find a reason for a crash or a potential crash. Now they are creating the fear that bitcoin will dump even further because of the Chinese new year. What they don't tell is that bitcoin is not only mined or traded in china. It is traded everywhere in the world and the Chinese new year will have no effect on bitcoin price.

Just like many other bitcoin lovers, i also believe that bitcoin has bottomed out at 32900 and hope it will never visit this level in 2022.  

[Pamadar]

Going to 38k now

https://coinmarketcap.com/currencies/bitcoin/

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

Good thing that the price is now on this range $38K+ giving some breathing,

Few days ago the predictions has been broken and many traders and investors who feared out did an early mistake by
selling their assets.

It's really a hard decision to make, especially if you are not prepared with this kind of market sway. You think you
are doing the right thing trying to cut out your losses, but afterwards the market bounces back.

[DeathAngel]

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

[Russlenat]

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

[justdimin]

Well, it bounced from that price so we can say that it is a short term support.
But to call it as a support for long term? I don't think so because I believe that the downward pressure isn't over yet.

RSI is at 35 and MACD is still below 0. Though it already bounced back in RSI, I think that we might see more downward movement in the upcoming days until we reach the $30,000 support. I might be wrong though and we might see Bitcoin going up to $40,000 in the next days but if it will not happen then this short rise is a trap.

Overall even it is bottom or not, buying at this price will give you higher reward in the long term so better to accumulate as much as you can right now.

The fact that we see 38k as "bounce back" says a lot. If you look at it from the top then it is a very low number, if you look at it from the bottom it is a great number. Just a few years ago we were having so much hard time breaking over 10k, in 2018 it dropped under and couldn't go higher, in 2019 it did managed to go higher but couldn't hold it and dropped lower again, this happened a few times.

Now, we are looking at 38k and call it a bounce back, we should feel lucky that we are in the crypto world. Yes, I know that it is stressful to keep seeing these type of numbers but the reality is that we are profiting from it more than most people profit in other stuff.

[BuNga_cute]

Going to 38k now

https://coinmarketcap.com/currencies/bitcoin/

from the 33k lowest couple days ago, so meaning your prediction has been broken because not only 34k but 33k is the bottom

though since the market is slowly developing meaning there is a chance that if can still dop low.

Good thing that the price is now on this range $38K+ giving some breathing,

Few days ago the predictions has been broken and many traders and investors who feared out did an early mistake by
selling their assets.

It's really a hard decision to make, especially if you are not prepared with this kind of market sway. You think you
are doing the right thing trying to cut out your losses, but afterwards the market bounces back.

The Bitcoin price hike to $38k gives us a little bit of hope and make us calmer. Even though we still have to be vigilant, because the worst possibility
can still happen, no one can be sure Bitcoin will not go down again. But we also don't need to panic if the Bitcoin price drops below $34K again,
because this is how Bitcoin moves. What we need to do is determine the selling target we want, then hold Bitcoin until the target we set is achieved.
Because no matter how far the price of Bitcoin goes down, it will always go up again. So we don't need to do a cut-loss when the Bitcoin price
goes down. We have to believe in the future of Bitcoin, then we will get the profit we want. It's not easy to do, but as long as we have strong
will, nothing is impossible.

[Tellek Garing]

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

I have been bullish since April 2021 and up till now am very optimistic that the market is on a stable mode right now as bitcoin hit around 38k somewhere around yesterday for correcting back to its present price, let's remain optimistic that the coming day's bitcoin will recover back to my 46k price and thereafter rising to the expected price before the end of the 1st quarter of this year.

[dimonstration]

Most likely $33,000 - $34,000 is not the bottom. We will probably dump into the $20,000’s in the next 12 months. I don’t think we will go to lower than $20,000 though. The bull run is definitely over though, no ATH until after the next halving in 2024. That’s how it should work any way theoretically.

I cannot disagree with this although in long term I'm bullish. I've been here for years and I saw the trend in the past, so I wouldn't be surprised if we will see another panic like bitcoin going down $30k because it's always been a normal scenario.

What I do and we should do is just to "HODL".

I have been bullish since April 2021 and up till now am very optimistic that the market is on a stable mode right now as bitcoin hit around 38k somewhere around yesterday for correcting back to its present price, let's remain optimistic that the coming day's bitcoin will recover back to my 46k price and thereafter rising to the expected price before the end of the 1st quarter of this year.

Stable price is not a thing in crypto except stable coins but there's no way Bitcoin will gonna reach a stable price but rather a sideways movement which the price might changing hands by minimum of 1000$ a day. I believe we might be in sideways for a couple of weeks until we retest on the 30K support again. The result of that retest will gonna dictate the next trend of Bitcoin. I'm still not believing that Bitcoin will gonna stay on lower 30K level for a months, Maybe just a wick candle on that region.

[Falconer]

I think only the break past 40k upwards would really count as a proper rally noticeable by all participants.   At this time sellers would be beginning to be proved wrong and shorts will close out which helps with continued movement upwards.

It's now $36K, and what will happen tomorrow and beyond is hope. It's true that there's always hope to see it above $40K or more, but it's not impossible that a dip is also possible.

A price recovery is always expected and we really want bitcoin not to drop to the $30K level this year. But we don't get any guarantee in the market when the fud happens like the Russian fud which hit the market recently. Now we're not too far from the $40K level and not too far from the $30K level, so there's always a chance to hit one of the two.

[rodskee]

It wasn't mate because obviously we did fell down to 33k and almost down to 32k so basically we cannot call this 34k as bottom.


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I wanna ask if who bought in that bottom? when the price fell down to 33k? because those are surely in profit with 5% now 


my mistake waiting for 30k so yeah i did not got that advantage to buy in that level