Bitcoin may likely pull back to 35k

[jostorres]

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.

That's already their problem anymore if they will panic but what I only don't like is when they spread fud. Why cant they just panic on their own? But, they want others to feel the same. This is why the situation only gets worsen, instead of seeing a small dump, the dump will eventually get bigger for this obvious reason.

Luckily there are those that appreciate a heavy dip and because of them the price still have a chance to recover thoroughly. Also not all that who invest have no urgent financial needs but there are some that have it, and this is the reason why they entered investing but investing doesn't need to be long as there are also cryptos that works well for short term.

[GeorgeJohn]

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 price of Bitcoin now is directly thirty seven thousand (37k) so the more we predict or laments on the growth of bitcoin the more bitcoin is changing shape, the fluctuations of bitcoin this days is unbearable indecencies that the price never be in constant equilibrium since this year started.

So I'm not afraid of seeing bitcoin going downwards constantly or within space or interval of time, what i noticed that might be the major concern that is causing the down fall of bitcoin is the information of country crisis and also the market negative speculation, so it's assumption because I'm not considerate of this.

[danadc]

Everything that enters the issue of speculation is welcome for any analyst, influencer, economist and even a politic BTC in its Chart, it is remarkable that there is a lot of institutional participation that BTC bought regardless of the price, it is not like the usual whales that they seek to buy BTC cheaply, what is always sought is that by nature.

I have been reading items that speak of $35.000 and up to $32.000, and yes, it is possible, but it is also possible to return to the levels of $43.000 or more, but who are the intersters to lower the price? For me it is the whales, the ones that have purchased cheap, and with their powers it does not cost much to launch an article infusing a little fear, panic to influence weak minds and sell, this can be a strategy.

Pompliano's point of view is totally contrary to reaching $35.000, then they are diverse points of view, in my personal opinion the movement contrary will occur to what everyone expects, that is, if everyone expects the BTC to lower, it will not be Thus, but on the contrary.

[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.

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.

actually i never Panicked in terms of my investment because I know that recovery will come in the long run , But the problem is that  in case that i will be needing an emergency funds that i need to take out  my investment in times of dumping.

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.

Indeed , just chill with your funds and besides best to add more if dumping happens.

[bitterguy28]

I think this will hard to happen because bitcoin price is staying strong above 35k and keeping 40k level till now.

[evilgreed]

               Things are looking dire at the moment which is why lots of people are predicting the fall of btc back to 35k like you or for others, 28-30k areas. Which are all valid speculations. Though, I had my buy orders set and filled at 37K+ both on spot and on leverage. Will DCA or sell depending on the movement of the market. But for now, I do not see it going further down yet since in my perspective the market is still pretty undecided. I do hope though that we only go up from here on.

[Kelvinid]

               Things are looking dire at the moment which is why lots of people are predicting the fall of btc back to 35k like you or for others, 28-30k areas. Which are all valid speculations. Though, I had my buy orders set and filled at 37K+ both on spot and on leverage. Will DCA or sell depending on the movement of the market. But for now, I do not see it going further down yet since in my perspective the market is still pretty undecided. I do hope though that we only go up from here on.

Well, I do hope this won't take so long as I was afraid this makes emotional individuals got to panic and it worse the situation. Very often to hear people becoming negative as the situation turns like this and it was understandable since we do speculate market depending on the current view.
I'd even think that the price of Bitcoin will move down closer to $30k. But never did I feel it down and worried about more drops if it happens, volatility sometimes was bad, and sometimes it was profitable.

[OgNasty]

$35,000?  What is that, a pullback for ants?  Looking at the chart, it seems pretty obvious that if we see a crash it'll be back to the baseline of around $10,000.  At that point you'll start reading about stories of all the people who have lost their homes and life savings on Bitcoin because it's an evil Ponzi scheme.  That will mark the bottom.  I'm just not seeing any signs of desperation in the market.  People are still bullish for the most part.  Maybe because this has been the easiest trade in human history, or maybe because we haven't seen capitulation yet.  In any event, I won't be mortgaging the house to buy BTC just yet.  I'd still urge caution and suggest looking out for good spots to sell some until something in the market fundamentally changes (ETF approval, major country recognition, etc).

[Silberman]

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.

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

[STT]

I think if there is a break of trend it'll be further then anywhere close like 35k, it'll push into the 20's perhaps.   Usually the longer the trend has lasted, the larger the move when its no longer in force.
  For the moment we are moving upwards and trading above the weekly average so there remains optimism in price action still.

I presume if we do continue to trade above 40k and confirm this with a daily bar close for example then it would mark a change in near term sentiment in the price.

[justdimin]

               Things are looking dire at the moment which is why lots of people are predicting the fall of btc back to 35k like you or for others, 28-30k areas. Which are all valid speculations. Though, I had my buy orders set and filled at 37K+ both on spot and on leverage. Will DCA or sell depending on the movement of the market. But for now, I do not see it going further down yet since in my perspective the market is still pretty undecided. I do hope though that we only go up from here on.

I really do not believe that it will go down that much. I also hope that people do not just rely all of their investments based on what they hear around the internet. That is usually a reason to lose all of your investments and I do not think that anyone should do such a thing. I get there is a case to be made about the fact that price could go down even further down and that's understandable.

However that doesn't mean that we shouldn't just reverse that any moment now, not that it hasn't happened before. I have been here long enough to see both price will go down calls resulting with going up and price will go up calls to replied with going down. So, anything could happen and we shouldn't just believe what we read online.

[Hypnosis00]

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

[Fatunad]

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

Huge fallbacks are less likely to happen compared into those previous years that we do have in the market where it do plunges that low which everybody wasnt expecting.
Whenever we do see situations like this then its up to us whether we do see opportunities and made out immediate actions in relation to this.
If it do goes back to 35k then my money or funds is ready to make out some re-entry on this level.

[Kemarit]

snip...

There is always a possibility that is the case since the price of bitcoin is having a significant amount of problems to go up at the moment, however if you are a long term holder then such a small decrease in the price of bitcoin is not really relevant and if anything it is an opportunity to buy some bitcoin for a small discount, so if this were to happen people need to be ready and have some cash in hand in order to take advantage of the short window of opportunity in the case we got to actually see such low price.

We can't underestimate the market in the first place, we sometimes get surprised how this happens (huge fallbacks) because we forget to anticipate the market. We got been puzzled by what is really be the reason for these drops but instead, we do complain, indeed we take this very great opportunity to accumulate potential coins in preparation for the future pumps and halving.

So I assume those who think they are late to join the party prove that they are definitely wrong. Here comes the chance for you guys.

Fortunately, it seems the price has pick up again, going to $39,500++ and could be in the $40,000 if this rally continues.

So I hope that there is still some members who didn't wait for $35,000 to happen before re-entering because it they did, they they will probably have to wait again. The chances of having a pull back to $35,000 is still there though, but it might take some time. So for me, instead of waiting for that price, it's better to enter today, IMHO.

[Joshapat]

Looks like Bitcoin will soon return to $ 40K and I'm happy because today is up more than 3% with the current price of more than $ 39K, I'm optimistic that Bitcoin immediately skyrocketed and this year the $ 100K target seems to happen soon.

[evilgreed]

Well, I do hope this won't take so long as I was afraid this makes emotional individuals got to panic and it worse the situation. Very often to hear people becoming negative as the situation turns like this and it was understandable since we do speculate market depending on the current view.
I'd even think that the price of Bitcoin will move down closer to $30k. But never did I feel it down and worried about more drops if it happens, volatility sometimes was bad, and sometimes it was profitable.

               Well at least earlier this day a lot of people have had the chance to get some sigh of relief since bitcoin a couple of hours earlier had a good breakout coupled with a good retest. I am quite curious how we will be doing as the weekends start to approach again though since most of the time the market seems to lack volume on weekends or drop. Not all the time though since there were also days when pumps happened on weekends. But just to keep safe, no leverage trades for me during the weekends or if ever, 5x maximum.

[YOSHIE]

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.

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.

[STT]

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.

[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.

[judaspriest]

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