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[Slow death]

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

I do not think that it will ever happen again. We are not going to be under 20k just like how we never went under 3k again after that 2017 increase. This new 2021 turned that 3k into 20 even 25k and we are not going to go down under that. I mean the amount of money that is getting bought up until that point is so huge that, it would require people to sell hundreds of thousands of bitcoins for us to go under that and I am not seeing that happening.

Maybe like if there is a whole bitcoin problem that everyone runs away from bitcoin and all, that could be a possibility, but most probably we are not going to see something like that so the price will stay 30k+ for the foreseeable future.

in the past the price dropped a lot after a big increase because people who already had a lot of profit started selling, but what we are seeing is something completely different, I think that this war that is affecting the traditional markets is also affecting the crypto market, everything is getting more expensive, people are selling their assets to stay with fiat, at this moment what is important to people is to be with FIat because it is safer in terms of volatility, that's why I think there's no way to predict how far the price may drop but if it drops below $28000 then we have to prepare to see the $20000, only if it drops below $20000 can we see the $10000. something I still think will be impossible to see

[Franctoshi]

Honestly the Bears are really in total control there is no momentum in the market for the bulls to push the price back up taking a looking at the Volume.
Bitcoin is right now in a critical zone where we have a lot of accumulation ,demand and liquidity, if the Bulls fails to fight and keep hold of these levels,
I think a lot of traders will get liquidated because this is the last hope of the bulls right now.

[Mamun74]

Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

[lornadane]

Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

Seeing the very complicated market situation now, it seems a bit difficult to expect that the price of bitcoin in November will rise again like last year.
But we must not give up hope and only think positive because every storm will pass as well.

[Mahanton]

Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

Seeing the very complicated market situation now, it seems a bit difficult to expect that the price of bitcoin in November will rise again like last year.
But we must not give up hope and only think positive because every storm will pass as well.

There be always a sunshine after a rain, if you've been here on this market for a couple of years or for a while then these kind of conditions isnt something that could surprise us.
For those new people then they would really be having those normal kind of reactions on which they do really believe that this market might be over but knowingly that recovery could
really happen anytime soon.It is really just that too hard on when it would happen.We do keep guessing on what would be the possible bottom for this one.
You could really always see lots of speculations around.

[SaveOurSea]

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

[jaberwock]

There be always a sunshine after a rain, if you've been here on this market for a couple of years or for a while then these kind of conditions isnt something that could surprise us.
For those new people then they would really be having those normal kind of reactions on which they do really believe that this market might be over but knowingly that recovery could
really happen anytime soon.It is really just that too hard on when it would happen.We do keep guessing on what would be the possible bottom for this one.
You could really always see lots of speculations around.

This is the thing that I have been trying to tell people for a long time. I have seen plenty of falls, I lived through 2018 and I feel like that was much worse, and I am still standing and in profit right now thanks to all the things I did back then and since that day.

It means that sure the prices are low right now and people are feeling like they are not getting what they deserve, but at the same time it is not the first and certainly will not be the last. We will go up a ton, like I mean we will be 100k+ for sure, and then we will drop 50% again, and be like 200-250k one day, and drop 50% again, it will keep going but the end result is always higher than the previous one.

[kotajikikox]

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

[barbara44]

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

This doesn't end and sometimes it is annoying already but nothing much we can do about it and I think it's going to be boring if all are going to keep quiet. We still have a long way before halving so expect that more bears are going to come.

[7788bitcoin]

~
Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

The support will only hold for so long unless there is positive news in the market but if the market sentiment is not great then you will see the support getting broken pretty fast.

Unlike in the past, now the cryptocurrency market is reacting to global financial market which is not a good thing personally but we have turned the cryptocurrency market into such level with the institutional investors and now the support depends upon other global factors as well.

[milewilda]

~
Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

The support will only hold for so long unless there is positive news in the market but if the market sentiment is not great then you will see the support getting broken pretty fast.

Unlike in the past, now the cryptocurrency market is reacting to global financial market which is not a good thing personally but we have turned the cryptocurrency market into such level with the institutional investors and now the support depends upon other global factors as well.

Try to compare about TA effectiveness or precision on past years up to present which you could really able to tell that its precision do really comes even more higher just like when
you are doing trades on traditional markets which is something that technicals do really bite on even though not really that much but you could really able to tell the differences.
Fundamentals do significantly had been too obvious too on the sense that it do really mostly reacts whenever we do see some news or events.

[EdenHazard]

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Still .. don't forget about how crazy bad moments happened in bitcoin .. in crypto space , despite yeah we as a believer won't have a single doubt about bitcoin vision for the future , yet an anticipation needed especially if you put your lifesaving in it , that is dangerous and should have a huge responsibility , otherwise you might ruining crypto even more in these difficult time.

enough people dreaming to become a millionaire overnight , crypto aren't a place like that. the bear might still dominating indeed but i see there is some huge attempt to break the current price range.

[cryptomaniac_xxx]

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Still .. don't forget about how crazy bad moments happened in bitcoin .. in crypto space , despite yeah we as a believer won't have a single doubt about bitcoin vision for the future , yet an anticipation needed especially if you put your lifesaving in it , that is dangerous and should have a huge responsibility , otherwise you might ruining crypto even more in these difficult time.

enough people dreaming to become a millionaire overnight , crypto aren't a place like that. the bear might still dominating indeed but i see there is some huge attempt to break the current price range.

That will be the constant battle, some of us have seen worst, and yet we remain in the ecosystem despite this setbacks because we believed that bitcoin will eventually bounce back in the next couple of years.

I guess only thru experience that we will understand that crypto is not a get rich quick scheme. There are these so called influencers that they made a lot of money in crypto, but I doubt that they did it in short amount of time unless they did scam or run a rug pull.

[kotajikikox]

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

if this price stays at 30k within this week then yes this is the strong support but if we experience another dumping in the coming days then I think we will find our investment lowering to another 10-20% before the climb starts.

This doesn't end and sometimes it is annoying already but nothing much we can do about it and I think it's going to be boring if all are going to keep quiet. We still have a long way before halving so expect that more bears are going to come.

that is exactly what I am thinking that this will run till Halving in 2025 so maybe best  to keep Buying instead of planning to sell.