Bitcoin may likely pull back to 35k

[Odusko]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

[Marvelman]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

The smart money is not invested in the market and now it is time to buy with your more probable view of future market action. There is a lot of price congestion and a lot of value is hiding in this market which means you can still be successful in the long run.

I think the future bitcoin price will break out to new higher levels and to get an idea on how to play this year I look to many of my bitcoin trading friends and give them the option to sell if they wish. I don't know if the price will drop to 35k or push to 40k but I know a strong bull market will develop in the future and it will be a lot different than what we see today.

[danadc]

Well, it is not so bad at all, some analysts say that the price can reach $ 35k, it is a support that can be achieved, however I stay with this analysis that they do in Cointelegraph:



You can see that the bulls are defending their positions, I would dare to say that they are putting very high sales walls.

On the contrary, a weak rebound will signal a lack of aggressive buying near the support line. If the price turns down from the current level or the 20-day EMA and breaks below the channel, the BTC/USDT pair could drop to $34,322 and later retest the critical support at $32,917.

If the price breaks above the resistance line of the wedge, the pair could pick up momentum and rally to $41,000. This level may again act as a resistance but if bulls clear this hurdle, the next stop could be $43,000.

Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-luna-near-vet-gmt

I like the way the analyst can make the approach, however, some possible supports says under which the price can reach.

However, the approach he gives is not as Bearish as other articles that predict a strong fall.


In another order of ideas., I like and defend the S2F model under which its greatest strong is in the long term and I see that it is the most logic trend.

#bitcoin April close: $37,639

Twitter: https://twitter.com/100trillionUSD/status/1520554625929293827

I know that many are reducing the confidence of the model, but you must have enough patience to know that war events, pandemic affects speculative markets, Bitcoin is different, it has another way to move and I fervently believe that the best prediction descriptor that is sidewalk to reality is the S2F model.

[Odusko]

The smart money is not invested in the market and now it is time to buy with your more probable view of future market action. There is a lot of price congestion and a lot of value is hiding in this market which means you can still be successful in the long run.

I think the future bitcoin price will break out to new higher levels and to get an idea on how to play this year I look to many of my bitcoin trading friends and give them the option to sell if they wish. I don't know if the price will drop to 35k or push to 40k but I know a strong bull market will develop in the future and it will be a lot different than what we see today.

Yeah only strong steel hands hodlers will think the way you are thinking, the chance for Bitcoin to make a new all time high shortly is high and at that one who buys the dip will profit a lot when the next bull market happens, but you should also know how funds works and most will panic sell at a time like this only the strong will survive while the smartest will be filling up their bags waiting for the future to cash out.

[Saint-loup]

The smart money is not invested in the market and now it is time to buy with your more probable view of future market action. There is a lot of price congestion and a lot of value is hiding in this market which means you can still be successful in the long run.

I think the future bitcoin price will break out to new higher levels and to get an idea on how to play this year I look to many of my bitcoin trading friends and give them the option to sell if they wish. I don't know if the price will drop to 35k or push to 40k but I know a strong bull market will develop in the future and it will be a lot different than what we see today.

Yeah only strong steel hands hodlers will think the way you are thinking, the chance for Bitcoin to make a new all time high shortly is high and at that one who buys the dip will profit a lot when the next bull market happens, but you should also know how funds works and most will panic sell at a time like this only the strong will survive while the smartest will be filling up their bags waiting for the future to cash out.

What do you mean by shortly precisely Odusko? I don't think many analysts forecast a new ATH in the coming months, even before the end of the year. We'll certainly need to wait 2023 to see a new ATH if there is no unexpected good news in the coming weeks, because currently BTC is highly correlated to Nasdaq 100, and it's not performing very well since the beginning of the year.

[Fundamentals Of]

Yes, Bitcoin's price could very easily pull back to $35,000. Although there is a rise and fall happening within a limited range, $35,000 is very much within it if we talk of a deeper fall. The price has been moving above and below $40,000. For now, that's well maintained. After staying at $40,000 and a little beyond it for a while, the price is now staying below $40,000. If the bears grow a little more aggressive, $35,000 is well within sight. But we will see because the rebound has happened and $39,000 could be reached soon.

[adaseb]

I remember back in November of last year everybody was super bullish. They couldn’t wait to buy Bitcoin or certain stocks. Now right now the sentiment is completely opposite, everybody is calling for a crash or a recession.

Yes Bitcoin looks weak however it still held up better than most other assets. So if you are thinking it’s going to go lower to catch a bottom you might miss it. We all want Bitcoin to crash to like $20k so we can buy the dip however there is a possibility that it won’t happen.

[Chato1977]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

What should be the  problem if the price goes down to 35k mate? because I am looking at this as an advantage. yeah i have a holding in which I bought at 32k but I still seek for a chance to  buy again more and so if we are going to see a price fall? then this is my opportunity to buy again and thank you for that.

[cabron]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

What should be the  problem if the price goes down to 35k mate? because I am looking at this as an advantage. yeah i have a holding in which I bought at 32k but I still seek for a chance to  buy again more and so if we are going to see a price fall? then this is my opportunity to buy again and thank you for that.

Nothing to worry for that you are still in profit. If the price drop below $30K, that's when many will panic once again. For now $37k has a strong support and its okay to just drop further to $35k.

For me I wouldn't want to panic when its too late, the best for me to act now since investing can be done later anyway. I have to put all the funds in stablecoin yet and if price bounces and trends are quick easy to predict, that's a safer way to do it.

[Oshosondy]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

If bitcoin has been in a bull season this year, it would be the first of its kind. In the past, comparing halving, bull-bear market and unfavorable year, two years after halving as been for the bears. It is what we are sure about that bitcoin can never make six digits this year and very possible it might go below $35000, but I still noticed that the support at $38000 to $39000 is very strong, the resistance at $40000. I do not know what can be the possible result of the price in a short time but if it would go below $35000, I do not think it will happen early as I expected that to have happened last week or before. But for long term holders, I do not see it bad to start investing now, bitcoin price has suffered losses and a good time to invest.

[crwth]

This is based on what, though? What indicators and timeframes did you use? Did you manage to have analyzed what the current happenings are in the current market? I think it would be hard to correctly predict what could happen because the prices have a hard time breaking through $40k.

I do want it to go down in price in a way so that I could buy more at a discount. That's the way to think about it.

[GreatArkansas]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

To be honest, $35,000 and up to $30,000 for me is really possible as for me, it will help the Bitcoin price become more healthy and natural. After the long run-up to $60,000 and pullback around 50% for me is always possible in cryptocurrency, it is already proven a few years ago.
So, if it will help the Bitcoin price become healthy, I am always open to accepting it and the good news there is a good opportunity to buy and accumulate more Bitcoin at lower prices.

[Oasisman]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

"Most likely" yes that's the term. Some market analyst I've read through social media doesn't really expecting something bullish this year. Regardless of what the events are. We have experienced the worst covid lock downs and outbreaks again and again, and then we have war that has affected the stocks.
But Bitcoin wasn't directly affected by it. However, crypto market and Bitcoin has it's own trend and this year could be a bearish trend, or shall we say the accumulation period.
We have seen price actions like this many times before, Btc could even fall below $30k. People should be ready with that.

[Mamun74]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

I think it will be happened soon.Cz now bitcoin price around $38k level.But previous 1-2 ago bitcoin price was avobe $40k+.Market condition very hard now and bitcoin price is dropping day by day.Bitcoin price early dropped this year and staying around $40k but this week bitcoin price little dropped and reached under $40k.So i Think it will be happened with this month.

[romero121]

There is more price predictions coming out from experts mentioning a down turn of upto $25000. With that in account, there is more possible chances of decline in the market. For now there is more chances of market movements happening between $38k - $40k. Every market move is well connected to something happening around the cryptospace. Right now we don't experience something like that and what we see in the market movements is the real corrective growth.

[MiF]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

it will, it has a possibility to drop to 35k$ this quarter but i am sure that we will also back up in the last quarter of this year, i believe that there are a lot of surprises in the next few weeks maybe btc will end up to 60k$ again this year we need to wait there is still time and there will be a lot of good things happen.

[Reid]

Luckily its not happening yet. The resistance in $37k to $38k is strong and we might end up looking at this as our new bottom. With all that is happening globally economically it should've been in the worst price by now but it didn't, that should mean a lot for all the investors that are planning to buy Bitcoin.
I see FUD scattered all over social media and there are pretend analysts that are backing up a big dump to happen because of the recent event like Musk pursuing Doge to be hyped using his newly owned toy, which could mean the fall of BTC if investors switched into it, but nothing happens yet.

[batang_bitcoin]

Watching the current market conditions and the way the Bitcoin bear market is acting I know there will not be strong resistance to the 40k level and the price may likely pull back to 35k before it build up against the bear market, this season may not be a Bitcoin all green season but a lot of red lines will surface and cover the entire market for some time.

It's okay. Before it's under $40k and it's still okay and then the possibility of going to $35k, still it's okay.
We always take it like this whenever the market is on a red radar, we're all speculative with it and the same when it's gone far and reaches new highs. The good thing that we're on right now, $37k-$38k is where it's playing.

[NeuroticFish]

Interestingly some news came out today - some about this or that institutional investor that bought Bitcoin, some about big names writing to the senate on the "bitcoin is bad for environment" bs, some (probably fake) about Apple buying bitcoin. Is is that some try (too) hard to increase people's trust in Bitcoin (and the price), or just a coincidence?

Price falling to 35k? Possible. 30k? Maybe. Still, with mining hash rate getting ATH after ATH I think (or just hope?) that even if the price goes low(er) it won't stay there for long. Also even today's evolution has shown that there are some that are watching the price and buying in when it's profitable enough.

[yhiaali3]

I would not be surprised if we watched the price of Bitcoin at 30k or slightly below that, we are actually in a bear market despite all the indicators that seemed positive for the rise of Bitcoin in the past period, but what actually happened violated all expectations and the Bitcoin continued to fall instead, in my opinion The decline will continue for a period of time, perhaps until the end of the third quarter of this year, after that, the market will begin to recover and rise until the end of the year.