Bitcoin may likely pull back to 35k

[Raflesia]

And just like that, when we thought that the price is recovering at the rate of hitting $40k, the price goes down hard and we might see $35k in the next coming days.

It's obvious by now that the jump was a bear trap and for sure some of us was caught. Anyhow, we are in a bear market, so expect the price to really dip down hard. We just have to be cautious specially if we do day trade because it's going to be very difficult if you don't have the experience.

We are stuck now after bitcoin started crawling to $40k so I am ready to buy but after I checked the downside of the jump is very significant we are in a tough situation and the bear market is really coming for now but my only option is to hold on until bitcoin comes back recover.

Or am I still considering whether this is a good enough buy with the right $36k and $35k buy? It seems I need to correct for a moment to see in the analysis I use.
Honestly this decline is really surprising.

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[SirLancelot]

I will not be surprised if it will happen . 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.

Nobody would be shocked, its crypto we are talking about and it happens all the time. I mean it is not like it is a shock to the world when crypto prices reached from 64k to under 30k for a while back in 2021, and then it reached to 68k after that.

So, as you can see the price could go down or up and both would be reasonable, it has always been like that. Fear means that you should buy right now by the way, I mean yes investors are fearing but that means that it is the perfect time to buy bitcoin and that is why I believe that we should be accumulating as much as we can right now, that would be benefiting us a lot, and will definitely mean more money later on.

[dunfida]

I will not be surprised if it will happen . 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.

Nobody would be shocked, its crypto we are talking about and it happens all the time. I mean it is not like it is a shock to the world when crypto prices reached from 64k to under 30k for a while back in 2021, and then it reached to 68k after that.

So, as you can see the price could go down or up and both would be reasonable, it has always been like that. Fear means that you should buy right now by the way, I mean yes investors are fearing but that means that it is the perfect time to buy bitcoin and that is why I believe that we should be accumulating as much as we can right now, that would be benefiting us a lot, and will definitely mean more money later on.

Buy when everybody is fearful and this had been a common line and really connected out with investments which you should really be that mindful on making that particular step.Although this wont be simple because

emotions would be your primary problem or opponent on which you would really be that in hindrance towards price movement which it might go down even more and its true that its never been surprising

with this kind of condition where market could possibly plummet down as hard as 50% in overall ATH.People should really be that able to realize on how things behaves on this space.

[kawetsriyanto]

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. 

[ajochems]

When the bitcoin will follow New Delhi.Even the price was increased or decrease due to the economic crisis The price of bitcoin was not increased huge.You need to wait huge for the 35k dollars.The bear market was sustained for long since the war begins.But the movement of the price will not back to 35k dollars.We need to hold for the longer period to get this 35k and it will be best price to inverse your money.

[Oceat]

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. 

I didn't expect it to happen that quick though then I guess those $37k to $39k down back to $36k is a sign that we are entering bear market. That was a quick bull trap I thought it would bounce back to $40k again but not happening plus the FUD are starting to spread again so it's likely we are going to enter in a bear trend some time or maybe this whole month will be a red for some time.

We don't know yet what will happen next month but I do hope there's a come back or we could just hodl and buy the dip if it doesn't pump back.

[evilgreed]

I didn't expect it to happen that quick though then I guess those $37k to $39k down back to $36k is a sign that we are entering bear market. That was a quick bull trap I thought it would bounce back to $40k again but not happening plus the FUD are starting to spread again so it's likely we are going to enter in a bear trend some time or maybe this whole month will be a red for some time.

We don't know yet what will happen next month but I do hope there's a come back or we could just hodl and buy the dip if it doesn't pump back.

               Me neither. I was forced to take small profits and my short orders were not filled. Looking at the current situation of the market, there is a lot of selling pressure and I am expecting this to continue for at least a few more days. Lowest expected drop would be 33k but I'm not going to bite and go ahead and open a short for now. If I were to make an honest opinion, I would say that a bounce back is bound to happen which may happen a week from now or in the middle of this month. So until I have more confirmation to the upside or downside, I'm not opening huge trades.

[Dave1]

your prediction is absolutely correct, the price of Bitcoin today or now has dropped at the price of $ 35700, then what do you think next?,
I think the price of Bitcoin has broken support in the trendline, it's time to retreat again at $33000, if $33000 breaks we will see terrible things again,
so hopefully Bitcoin will survive and break this resistance

Yep, OP's prediction is accurate. The price of Bitcoin has dropped below $36k today, it may drop again to go to $33k or lower. Who knows how far the price of Bitcoin drop but considering it is still the beginning of the bearish season, the price of Bitcoin is very possible to drop below $25k. I guess the lowest price of Bitcoin before the next bullrun may be around $20k-$25k. Just prepare your dollars (USDT) if you have a plan to buy more Bitcoin. But it is my own prediction, it may be wrong. 

I didn't expect it to happen that quick though then I guess those $37k to $39k down back to $36k is a sign that we are entering bear market. That was a quick bull trap I thought it would bounce back to $40k again but not happening plus the FUD are starting to spread again so it's likely we are going to enter in a bear trend some time or maybe this whole month will be a red for some time.

We don't know yet what will happen next month but I do hope there's a come back or we could just hodl and buy the dip if it doesn't pump back.

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k after reaching a all time high last November 2021.

Right, this could be a case of bull trap, or the bulls are trying to get it past $40k, unfortunately, the fed hike news really cause the price to really stumble after that short burst of run to almost $40k.

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

[Don Pedro Dinero]

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k after reaching a all time high last November 2021.

Right, this could be a case of bull trap, or the bulls are trying to get it past $40k, unfortunately, the fed hike news really cause the price to really stumble after that short burst of run to almost $40k.

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

I think we are simply in a normal stage of this cycle, where the main difference with previous cycles is that the peak of the cycle has not been so high. We are going to spend until the next halving hovering around these levels, perhaps going down to the 20,000 zone and rising depending on macroeconomic factors but always without exceeding 70,000 until the next cycle.

[onecall123]

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k after reaching a all time high last November 2021.

Right, this could be a case of bull trap, or the bulls are trying to get it past $40k, unfortunately, the fed hike news really cause the price to really stumble after that short burst of run to almost $40k.

We need to stay calm, or better yet, buy bitcoin at a discount at $36k.

I think we are simply in a normal stage of this cycle, where the main difference with previous cycles is that the peak of the cycle has not been so high. We are going to spend until the next halving hovering around these levels, perhaps going down to the 20,000 zone and rising depending on macroeconomic factors but always without exceeding 70,000 until the next cycle.

Bitcoin is almost certain to pull back $35k. This is understandable. People have predicted that BTC could reach those levels again long ago. BTC trading below $37k while institutional support was supposed to be around $37k. Price is really susceptible to anything, that's the noise. It is important to understand the macro-flow of prices so you know when they are good or bad.

[kotajikikox]

Just like at the ATH, a failure upwards should be taken as very bearish.    So right now we have failed in the positive outcomes to this pressure in the pricing, expect or at least have no surprise when its more then 35k we have to contend with.   I dont see why the full range of pricing wouldnt be on the table, BTC had a positive bias and break down from here very easily can be said to negate that prior trend.

Looking at it now , I think LFC is correct that we might see this price below 35k mor even below 30k if the downfall continues.
there are many indication that we will be in the bear trend for the next coming months and Hate to do this but Maybe I will consider fulling out Half of my funds readying for purchasing if ever the value subside to 20k level .

[fzkto]

If the stock market along with the S&P500 collapses, bitcoin will fall below 35k because it is already worth 36k. If the price reaches 30k, there could be a panic and then a repeat of the March 2020 scenario. If that happens, we will probably see 20k per bitcoin or even lower. But I still hope that such a deep collapse will not happen.

[Sir Legend]

Today there was another big correction, the bitcoin price dropped more than 8% and is currently around $36k, maybe the trend every 4 years will repeat itself in 2022, of course this makes us always have to be vigilant and keep an eye on the market, if the bitcoin price drops at below $33k then I immediately switch to stable coins to avoid bigger losses and wait for market conditions.

[arufox]

Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

[cryptomaniac_xxx]

Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

At least the price seems to move sideways along the $36k area, and the scenario about breaching $35k is still there although it might take days as it seems the collapse has stop.

There are news about the Fed hike rate and then the war at the background, two events that really affected the price in a negative way. Although we can just say that the bear market is really here that's why the price goes down hard.

[Yaunfitda]

And just like that, when we thought that the price is recovering at the rate of hitting $40k, the price goes down hard and we might see $35k in the next coming days.

It's obvious by now that the jump was a bear trap and for sure some of us was caught. Anyhow, we are in a bear market, so expect the price to really dip down hard. We just have to be cautious specially if we do day trade because it's going to be very difficult if you don't have the experience.

We are stuck now after bitcoin started crawling to $40k so I am ready to buy but after I checked the downside of the jump is very significant we are in a tough situation and the bear market is really coming for now but my only option is to hold on until bitcoin comes back recover.

Or am I still considering whether this is a good enough buy with the right $36k and $35k buy? It seems I need to correct for a moment to see in the analysis I use.
Honestly this decline is really surprising.

I think it's better to enter around this price mate, for me this is still a good entry level. And if by chance the price continue to decline around the $30k-$32k, then you can go and buy as well.

as I have said, $40k and then a decline to $35k-$36k? something might be really affecting it that investors really sold out because they panic. Regardless though, as I have been saying since January, we are in a bear market so expect the worst.

[boyptc]

Well, you're right.

Bitcoin is now $35,852.

And it's more likely that it's going to go lower until next week. But hopefully it doesn't going to hold that much longer at these level.

That's just what I'm thinking of but yet, still a good price to start picking some if you haven't bought yet every time bitcoin has dipped.

[rodskee]

Well, you're right.

Bitcoin is now $35,852.

And it's more likely that it's going to go lower until next week. But hopefully it doesn't going to hold that much longer at these level.

That's just what I'm thinking of but yet, still a good price to start picking some if you haven't bought yet every time bitcoin has dipped.

And there are some thread and posts that says it may fell down to 20kish and if this happens then we must admit that this year will be the beginning of bearish market and the recovery can take part back on 2025?

Indeed, the bitcoin price is currently moving in a downward trend where the bitcoin price is currently trading in the $37k-$36k area. Therefore, it is possible that the bitcoin price will continue to fall until it reaches the $35k area in the next few days.

Yeah , earlier today it is still at 37k and now down to 35k , what can we expect in the next 24 hrs?

[Pejoh Asu]

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.

[LogitechMouse]

Its happening already. Bitcoin is around $35.6k as of this moment base on Coingecko.
The rejection of $40,000 is the reason why it is going downwards again and unfortunately, this downward trend might continue for weeks to months so I hope everyone is ready for it.

We might see Bitcoin again @$30,000 like what happened last year because of what is happening right now globally. No good things happening that can increase the price of the market right now. US stocks are down as well. If you have spare money, plan your buying price already because for me I already planned mine . I hope nobody is panicking right now on what is happening.