Bitcoin may likely pull back to 35k

[tygeade]

Now the price of Bitcoin is back to $ 35k, I often hear that many people will buy when the price of $ 35k, of course many are panicked and worried about seeing Bitcoin prospects, but I have to convince that big dumping like today is common, what we do is be patient , don't panic and of course focus on continuing to buy is the best step for profit.

               Honestly, I have the same thoughts although, right now, it is more likely to go down to 34k+ then 32k or even 29k if the bulls do not manage to break the bearish momentum. Still though, I am very optimistic for this month. I personally think that we may see a huge bounce a few days later after some more time playing at the current areas that the bitcoin price is in. And yes, buying on these dumps little by little is the best choice if you currently have some altcoins that are catching your attention.

I am guessing that it would be a situation where people would end up getting tired of the drop and eventually start buying. We should realize that bitcoin price goes down to a level, and then eventually people say that it is enough and they see it as a good price to get in, and they start jumping into it because it is such a low price, and they end up with making it a bit going high, and that results with others to get hyped about it, and long futures gets higher, and short futures are liquidated, and that type of situation results with a exponential growth.

This is why I believe that we are down enough and soon enough people will start buying and starting that chain reaction.

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[Odusko]

Bitcoin is currently trading at a price range of $34k. Looking at the price chart in the market, the decline in the price of bitcoin may continue to occur. Even if the technical indicators show a further decline towards the support zone in the $30k-$32K area.

You may be right in that statement seeing that Bitcoin is declining at an alarming rate and now heading to the 30k support region which may not favor most traders who were optimistic that the 35k region was the lowest limit Bitcoin will fail to before making a rebound to another new all-time high or minimum 45k price benchmark.

[Mamun74]

Bitcoin price already pull back to 35k.Currency Bitcoin price around $34k+.Very disappointed with the bitcoin price this year.Many people was expecting bitcoin price will be surprised us this year.But bitcoin price early dropped this year. Bitcoin price staying $40k above or under but this month bitcoin very much dropping.  I still believe bitcoin price  movement correction. I hope bitcoin price will be recover again and bitcoin price will be more increase this year.

[suzanne5223]

When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

[TimeTeller]

When it reached under 30k for a brief time, that was the moment it started to hit back again and reached 68k after that. This is why I believe that the same will happen right now as well. We are just reaching the bottom, for now when that bottom is reached and we do not go any lower, the result will be just going up for a long long time and maybe even break ATH for sure. This is why I hope that we bottom out soon, no matter how low it gets, as long as it reaches that as quickly as possible and we start to recover I will be fine with it. Let's not lose any hope because it will reach there very shortly for sure.

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

But in this market, we are always surprised for what's about to happen next.
As we don't know if our speculations will happen or not, we are just waiting for the market's next movement.
It is true that we should never rely on previous trend because the factors are already different.
And the stakeholders are also changing or increasing. The contributing factors are varying each day.
But one thing we have seen, if btc goes down, somewhere down the road, it will always bounce back.
But when? Nobody knows. So if you feel this level right now is a good opportunity to accumulate, why not?

[Lubang Bawah]

It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.

[MinMan]

Speculation and facts today Bitcoin is traded at the level of $36,800, which means that it is very likely that the price of Bitcoin can happen as you say and expect, considering that this month continues to experience price changes every day.

For me, maybe I didn't expect Bitcoin to drop further 0.60% down and up to 0.60% again is sufficient, my predictions and speculations tend to be better to trade now, per day & hourly, that's better, than waiting for the Bitcoin price to fall free.

If the price drop continues this month, then it will probably not be going to look great anytime soon. Unfortunately for all those who invested when it went under 40k like me because we believed it would recover but that is the risk we take when investing into crypto, we believed that it could drop at any moment but recovery shouldn't take long.

That’s the good part of it though bitcoin may not be high right now but at the same time it is not going to stay that low for a long time, it always recovers, it will even break ATH eventually one day. This is why even though the drop seems like it could take us to 35k or even lower, I have to say it's also not a big problem.

[Oasisman]

It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.

This is actually a sign that Btc may continue to dip in the coming days and weeks or even months and I don't really see it as "bad" sign. Inf fact that's a sign of another opportunity. Though I understand most of the hodlers will inevitably going to worry and fear Btc might not be able to recover the way it has recovered before. But nah, It did not happen before after 11 years of Bitcoin existence it did not happen. So, Bitcoin will continue to rise every year passed.

[RILWAN]

25k price is the minimum am predicting this season I have never believed that the $35000 will be the limits this season Bitcoin will go deeper than that and possibly down to the 20k level.

[kotajikikox]

25k price is the minimum am predicting this season I have never believed that the $35000 will be the limits this season Bitcoin will go deeper than that and possibly down to the 20k level.

you've just posted when the price of Bitcoin drops down below that 35k actually this had been posted at 34k and now dropping badly to 31k .
this bearishness will continue as i predict 30k will be the lowest?
but lets hope for the best result if we are a Holder or we are to sell now and hide from the dumping market.

[BobK71]

Bear Market has just started, it cannot be said when there will be turning point to raise again. However 35K is a reliable place but btc price decrease more. Nothing can be predictable at the stage until we get new movement of btc price. The market will rise, but it may take a while.

[suzanne5223]

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

But in this market, we are always surprised for what's about to happen next.
As we don't know if our speculations will happen or not, we are just waiting for the market's next movement.
It is true that we should never rely on previous trend because the factors are already different.
And the stakeholders are also changing or increasing. The contributing factors are varying each day.
But one thing we have seen, if btc goes down, somewhere down the road, it will always bounce back.
But when? Nobody knows. So if you feel this level right now is a good opportunity to accumulate, why not?

The cryptocurrency market being volatile in nature makes it hard to predict the next trend of the market and it is also the main thing that makes the trend that the market posed to always surprise us.
I agree with what you said about the current market price being a good opportunity to accumulate because one of the golden rules of making successful investment in crypto market is to accumulate when there's blood on the street but I was opening the eyes of people to the market downtrend reality because some people are hoping for the $100K price this year.

[Hamphser]

I will advise you not to make use of the market's previous trend which happened through the role played by the institutional investors because with all the Bitcoin accumulation done by Grayscale and Luna it never show much effect on the price of the BTC market.
For the record of the market momentum that always happens during the Bitcoin halving market, we ought to be in the market correction which I believe was delayed due to institutional investors accumulation, and if the downtrend market persists then it means the market correction has finally happened.

But in this market, we are always surprised for what's about to happen next.
As we don't know if our speculations will happen or not, we are just waiting for the market's next movement.
It is true that we should never rely on previous trend because the factors are already different.
And the stakeholders are also changing or increasing. The contributing factors are varying each day.
But one thing we have seen, if btc goes down, somewhere down the road, it will always bounce back.
But when? Nobody knows. So if you feel this level right now is a good opportunity to accumulate, why not?

The cryptocurrency market being volatile in nature makes it hard to predict the next trend of the market and it is also the main thing that makes the trend that the market posed to always surprise us.
I agree with what you said about the current market price being a good opportunity to accumulate because one of the golden rules of making successful investment in crypto market is to accumulate when there's blood on the street but I was opening the eyes of people to the market downtrend reality because some people are hoping for the $100K price this year.

We could really able to say on what support Bitcoin does have basing with those indicators that we do see on our charts which we could presumably anticipate that we would really be dropping precisely into those point

but look at on where we now?  People had been expecting or anticipating only on 35k bottom support but we are playing around even more below which does  also have the tendency to drop as long of 28k

which it has been always that unpredictable i would say where you couldnt really tell on where would be the possible bottom before it would make out some full u-turn.

[Falconer]

We could really able to say on what support Bitcoin does have basing with those indicators that we do see on our charts which we could presumably anticipate that we would really be dropping precisely into those point

but look at on where we now?  People had been expecting or anticipating only on 35k bottom support but we are playing around even more below which does  also have the tendency to drop as long of 28k

which it has been always that unpredictable i would say where you couldnt really tell on where would be the possible bottom before it would make out some full u-turn.

I'm not even brave enough to say $29K was the lowest point during this crash. Bitcoin is still down trend so the strongest support in my opinion right now is $25K. Granted we can't find definitive indicators to judge when a trend reversal occurs and bitcoin can break through resistance, but I'm sure in a while we will enjoy a recovery.

The market really can't hold back the panicked traders, it has made the $30K support pretty easy to break, but now the price is starting to get a little better where $31K would be a good starting point to expect it to break through the $35K resistance.

[evilgreed]

I am guessing that it would be a situation where people would end up getting tired of the drop and eventually start buying. We should realize that bitcoin price goes down to a level, and then eventually people say that it is enough and they see it as a good price to get in, and they start jumping into it because it is such a low price, and they end up with making it a bit going high, and that results with others to get hyped about it, and long futures gets higher, and short futures are liquidated, and that type of situation results with a exponential growth.

This is why I believe that we are down enough and soon enough people will start buying and starting that chain reaction.

               Well, I sure hope that you also took some short positions or at least didn't make long positions. I managed to rake in a bit of profits for small scalps. Still though, despite the price dropping this much, I am still expecting to see some reversal half way through the month and we may even see huge pumps. Don't bank on it though, these are just my personal speculations. And if you do follow, keep the capital at the minimum and don't over leverage. The market is in fear but is also itching for tons of buys.

[btc78]

25k price is the minimum am predicting this season I have never believed that the $35000 will be the limits this season Bitcoin will go deeper than that and possibly down to the 20k level.

Sp we are getting closer to that? because the price drops below 30kyesterday but recovered and got back to 31k immediately and this is really thrilling because the last stand of bitcoin is returning back to 38k before continuously fall at the level now.

Bear Market has just started, it cannot be said when there will be turning point to raise again. However 35K is a reliable place but btc price decrease more. Nothing can be predictable at the stage until we get new movement of btc price. The market will rise, but it may take a while.

and now we are looking for another fall?

sad to say but we are seeing this to be the bear market  starts now lol.

[Wong Gendheng]

Currently Bitcoin is in a condition that can drop below $ 30k, today drops more than 5% and if there is no big surprise from influencers then I'm sure I can drop below $ 30k, and if that happens the opportunity to continue to fall is very large , and this is a good moment to buy.

[Dhaniii]

bitcoin has experienced a decline yesterday there was a decline to the price of $29k and now it's back to the price of $31k. bitcoin has a fast recovery and sometimes the decline can't even be predicted by anyone. so when there is an opportunity to buy then it's a good idea to buy and be able to get a profit as quickly as possible without having to wait a long time.

[MinMan]

It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.

This is actually a sign that Btc may continue to dip in the coming days and weeks or even months and I don't really see it as "bad" sign. Inf fact that's a sign of another opportunity. Though I understand most of the hodlers will inevitably going to worry and fear Btc might not be able to recover the way it has recovered before. But nah, It did not happen before after 11 years of Bitcoin existence it did not happen. So, Bitcoin will continue to rise every year passed.

There are a lot of people who invest into crypto with the money they may need to survive and live. Which is the main problem that these people are facing right now. If they had any clue how to invest properly, they would just ignore the drop and even maybe buy some more and just keep on waiting.

We have seen it go up a million times and go down a million times and it always reversed. I believe that this will reverse as well, we will be 68k+ and break ATH one day, maybe next month, maybe next year but I do know that it will happen.

This is why I do not care about these falls anymore, it really doesn't change anything in my life, my investments "lost" a lot of value today, and I mean A LOT, but I am fine, why? Because I do not want to sell them anyway, I will just keep holding them and they will gain value one day.

[Odusko]

It's been 3 days the price of bitcoin dropped below $ 35k, some time ago when the price of $ 35 K then the price will return to $ 40k, but it is 3 days the price is still below $ 35k, hopefully this is not a bad sign that the price will continue to fall The best thing when you see the price of drop is to buy more.

This is actually a sign that Btc may continue to dip in the coming days and weeks or even months and I don't really see it as "bad" sign. Inf fact that's a sign of another opportunity. Though I understand most of the hodlers will inevitably going to worry and fear Btc might not be able to recover the way it has recovered before. But nah, It did not happen before after 11 years of Bitcoin existence it did not happen. So, Bitcoin will continue to rise every year passed.

There are a lot of people who invest into crypto with the money they may need to survive and live. Which is the main problem that these people are facing right now. If they had any clue how to invest properly, they would just ignore the drop and even maybe buy some more and just keep on waiting.

We have seen it go up a million times and go down a million times and it is always reversed. I believe that this will reverse as well, we will be 68k+ and break ATH one day, maybe next month, maybe next year but I do know that it will happen.

This is why I do not care about these falls anymore, it doesn't change anything in my life, my investments "lost" a lot of value today, and I mean A LOT, but I am fine, why? Because I do not want to sell them anyway, I will just keep holding them and they will gain value one day.

One thing we must understand is the fact that most newbies are all in for the profits and this mentality gave them a wrong idea of the true nature of the market, their belief the market should only go.in the uptrend direction.
This is so because Bitcoin is viewed as a get rich quick investment to most newbies but to the ones, once you have gained a good knowledge of the market and its volatilities it tends to reduce your FOMO level and never minding the market conditions rather you take advantage of the market and buy whenever you can and also sell at the right price.