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Author Topic: Bitcoin may likely pull back to 35k  (Read 886 times)
LFC_Bitcoin
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May 02, 2022, 08:49:42 PM
 #21

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.

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May 02, 2022, 11:19:05 PM
 #22

The price even going to dump more, it is already reached $33k at this post, somewhat the fallbacks continue. I'd really feel the bear season and I hope this could never make the community start panicking but to remains at ease. I have no strong conviction about its dump but I foresee this will possibly move down close to $30k. I'd see no changes in its momentum and not even hear good news that might affect the trend, the market is even silent...
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May 02, 2022, 11:32:48 PM
 #23

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.
Your speculation might be right and hopefully, we will see a sign that the Bitcoin price will resist at the end of this year but based on my Crystal ball which is I used this for how many years to guess the Bitcoin price, I felt disappointed because it shows negativity about the production of the price and I want to break it and throw it into the wall.

I'm still being positive about my prediction and I hope my crystal ball is wrong since it's unpredictable the Bitcoin price it could be possible that there will still a new ATH this year and I hoping for that.

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May 03, 2022, 03:50:28 AM
 #24

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.
Well, this happened before, the price dropped below $40k. Hence even the price plunge to $35k, I think its not so bad as long as it wont go lower than $30k. For me its a chance to buy more coins because we'll never know when will the price climb up again since the market is unpredicted. This quarter might not be the season for bullrun but we know the economic crisis is not yet over that might be one of the reason why the price is declining. But its better to take it positively by accumulating more and wait.

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May 03, 2022, 05:27:40 AM
 #25

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 seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

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May 03, 2022, 05:44:04 AM
 #26

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 seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

If in case btc will go down below $30k, guess what? A lot will panic and spread fud for sure. But for those who are waiting this opportunity, definitely they will buy to increase their stash. If you have long-term vision on this market, it is easy to buy while it is low as you have no urgent financial needs. But if you need it, that's the time that you will suffer loss because you need to sell your stash whatever the market is.
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May 03, 2022, 05:57:52 AM
 #27

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 seemingly to happen any time soon mate , because looking at the struggle of Bitcoin price to reach back 40k? it makes even harder and we can see it now happening https://coinmarketcap.com/currencies/bitcoin/
so I think 35k is near to come and when things comes worst ? it may also drop to 30k or bellow.
But i will not look at it as disadvantage because I want this to be profitable for me and will be my buying chance again, I sold my Ethereum last month and planning to buy other coin and this is what I wanted to take chances .

If in case btc will go down below $30k, guess what? A lot will panic and spread fud for sure. But for those who are waiting this opportunity, definitely they will buy to increase their stash. If you have long-term vision on this market, it is easy to buy while it is low as you have no urgent financial needs. But if you need it, that's the time that you will suffer loss because you need to sell your stash whatever the market is.
Yes and that is two of what will come , Either those who will take this as favoring and those who will take this as losses but either of what will come? i will take this as both opportunity , I may Sell sooner ? or I will Buy later, I have funds inside my waiting for buying and i have my funds on holding.
so lets see what happens in the next couple of days.

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May 03, 2022, 06:15:26 AM
 #28

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.
Even if bitcoin go below $30000, it is for the best of those that felt they have missed to buy at the appropriate time, these are the kind of people that will buy and more people will buy and the price will increase again and we will see ATH. I too think bitcoin will go below $30000 but I have a better investment plan. I will invest at $35000, invest more at $30000 and wait until 2025 or when it reach over $100000 which will become possible in few years to come.

so lets see what happens in the next couple of days.
Let us see what will happen in the next couple of days is trading and not investment which is riskier because to know what the price of bitcoin can be in the next couple of days is difficult, either bull or bear is a guess unlike long term.

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May 03, 2022, 06:54:55 AM
 #29

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.
that 18  months means before the 4 year cycle of Bitcoin Miner Halving? I support that Idea mate because Like me that can keep My coins for the next 2 years , then this 18 months is enough for my waiting as I am sure we will going to see that multiple price at 6 digits for bitcoin.
and I think it is normal to drop from the Bullrun year and the coming years mostly is a fall.









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May 03, 2022, 10:13:00 AM
 #30

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.

Unfortunately, but some other investors would really love to see a price below $30,000 just to try to accumulate more BTCs. So yeah that's a must for everyone who is old enough in crypto space.
Below $25 will be the worse case scenario. However, that's even a better range to buy more BTC.
Ultimately, I don't expect something bullish this year. Below $30k would be most likely to be the bottom this year.

R


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May 03, 2022, 11:07:19 AM
 #31

I’d be very happy if we were to avoid going below $35,000 again. Unfortunately I think we will go under $30,000 at some point in the next 18 months. We won’t go below $25,000 though so anything under $30,000 is a must buy.
Please don't make this happen mate because I am badly needed funds in the coming month lol  Grin

But whatever the market brings before that time comes? i will consider taking funds in some friend or loan so i can keep my funds in Bitcoin stays in Holding .

But at least lucky that the price stays strong at 38k till this very moment and no chance of dropping to 37k

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May 03, 2022, 11:18:16 AM
 #32

@btc78 sorry man but am definitely leaning with LFC_Bitcoin here. Ytd low is the least to expect at this point despite the obvious accumulation. And once you meet that, hard not to see sub 30k. Halfway point between halvings and I know supercycle gone but that doesn't mean the massive floor isn't around the corner.

If you need the cash, do it now. God knows I hate to do the same but you really don't want to end up forced liquidating below 30k. And would be naive not to expect that.

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May 03, 2022, 01:05:14 PM
 #33

I will not be surprised if it will happen Smiley. TBH, this might be the start of the multi-month bear market.
US Stock Market is down as well because of inflation (maybe) and the Stock Market and Bitcoin often moves in the same direction. The Ukraine-Russia affects the whole market as well.

This might happen and there is also a possibility that we might see Bitcoin at $30,000 with what is happening right now. Base on the fear and greed index, investors are feared right now. People see this one as a negative one but intelligent ones see this as an opportunity. Just continue Dollar Cost Averaging if you really trust Bitcoin and you believe that it will go up in a few months to years.

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May 03, 2022, 02:21:49 PM
 #34

More than 5 days the price of bitcoin is under $ 40k, I hope the market will recover soon and skyrocket again so that it makes investors optimistic and buy more, many people will buy bitcoin if the price is below $ 30k, but if that happens the market will continue to fall And it is difficult to reach ATH in 2022.


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virasog
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May 03, 2022, 02:47:23 PM
 #35

The price even going to dump more, it is already reached $33k at this post, somewhat the fallbacks continue. I'd really feel the bear season and I hope this could never make the community start panicking but to remains at ease. I have no strong conviction about its dump but I foresee this will possibly move down close to $30k. I'd see no changes in its momentum and not even hear good news that might affect the trend, the market is even silent...

We hear every type of voice as bitcoin will go to 35K, bitcoin cannot break 30K, bitcoin bottom will be 25K etc etc. No one knows how low or how high bitcoin can reach. It's all speculation and no one is certain about the bitcoin price movement.

One thing can be said with certainty that in the long run, bitcoin will cross 100K and more but no one can be sure about the short-term price movements.

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May 03, 2022, 03:03:01 PM
 #36

In theory, a lower-than-expected drop could happen at $35k but the best resistance to retracement action doesn't extend as we close the April candle at $37k.  This is still a good price for round trip over $47k in May.  Market behavior is diversified by unhealthy sentiment.  We hardly see the start of a trend consolidation but rather a battle against the market reaction before the next bull run.

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May 03, 2022, 06:31:57 PM
 #37

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.
That could have happened considering bitcoin was through the price of $35k before the high rise some time ago.
But if the price goes back to $35k again, I think it will trigger panic from people, including those new to bitcoin, because they may not have experienced such a deep decline.
But if they experience a deep drop, it will make them realize that the price of bitcoin could be at a certain point and before the price returns to a low price, they need to know what to do so they don't regret it.
But let's hope the price doesn't go back to $35k and stays at the current price level.
Yaunfitda
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May 03, 2022, 07:15:02 PM
 #38

In theory, a lower-than-expected drop could happen at $35k but the best resistance to retracement action doesn't extend as we close the April candle at $37k.  This is still a good price for round trip over $47k in May.  Market behavior is diversified by unhealthy sentiment.  We hardly see the start of a trend consolidation but rather a battle against the market reaction before the next bull run.
It will take more months or year to see another bull run, for now, bitcoin needs not break another level of dip to see upto how much it can bounce back and how fast ot can. The fact that BTC is able to recover anytime will only be possible of there are good news that will kick it’s price up, but with market current status and news around the world, with war and new implementation of making the fees higher in some countries makes crypto more into bear season. Once the market recover or if there os atleast a positive news that can uplift the price to not break a new level of dip.
Years, I doubt that this year we might see a good price. And it could be worst in 2023, maybe but that time, we might see the price is capitulation.

And that could be the signal that we might be seeing the end of the bearish market. But so far in 2022, like others said, we might see the price really going down hard, currently at $37k, but I'm not surprised if the price will have like $35k or less at the end of the month.

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sayaya17
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May 03, 2022, 07:45:51 PM
 #39

In theory, a lower-than-expected drop could happen at $35k but the best resistance to retracement action doesn't extend as we close the April candle at $37k.  This is still a good price for round trip over $47k in May.  Market behavior is diversified by unhealthy sentiment.  We hardly see the start of a trend consolidation but rather a battle against the market reaction before the next bull run.
It will take more months or year to see another bull run, for now, bitcoin needs not break another level of dip to see upto how much it can bounce back and how fast ot can. The fact that BTC is able to recover anytime will only be possible of there are good news that will kick it’s price up, but with market current status and news around the world, with war and new implementation of making the fees higher in some countries makes crypto more into bear season. Once the market recover or if there os atleast a positive news that can uplift the price to not break a new level of dip.
Years, I doubt that this year we might see a good price. And it could be worst in 2023, maybe but that time, we might see the price is capitulation.

And that could be the signal that we might be seeing the end of the bearish market. But so far in 2022, like others said, we might see the price really going down hard, currently at $37k, but I'm not surprised if the price will have like $35k or less at the end of the month.

With a very high Bitcoin price increase in 2021, I had predicted that 2022 would be bearish. Because indeed after a high increase,
Bitcoin needs to experience a correction first to be able to go higher. With the price of Bitcoin dropping to the price of $37k, it seems
that it is a sign that the price of Bitcoin in the near future will fall again. It looks like this week there's a pretty high chance that Bitcoin
will hit $35k, but don't panic if that happens. We must remain confident in the future of Bitcoin, because no matter how deep the price of
Bitcoin goes down it can always go up again. But since quite a lot of institutions decide to invest in Bitcoin for the long term, I predict
the price of Bitcoin will not drop below $30k, even the support price of $35k I think is very strong to hold the Bitcoin price from
falling any further.

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Hamphser
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May 03, 2022, 08:29:46 PM
 #40

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.
We are only just $2500+ away from that price since we are dipping down on 37k as of this moment and if you do tend to check out sentiments or fundamentals in the market today then you could really see some

possible significant events or news that had really be the reason on such decline and instead of panicking or freaking yourself out with these kind of declines then it would be more sensible or ideal

to dive in into the opportunity for you to accumulate cheaper coins.Waiting for bottom? This is where everybody is been spotting as always.

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