Bitcoin may likely pull back to 35k

[skarais]

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.

Today the price of bitcoin had experienced a decline that touched the price of $35K, but now it has improved slightly where the price is already in the range of $36K. I don't expect a deeper drop than $35K even though it's always a possibility, but I wouldn't worry too much about a situation like this as I firmly believe that a recovery is always possible post a dip.

Panic has been driving prices down deeper for some time, that's normal and it's not an overreaction for those who don't want to lose more. Granted, holding is the best way to maximize profits in the long term but not everyone can do it as long as the market is correcting.

[el kaka22]

What I believe could happen is that there is too much stress and pressure on crypto right now. Too many people either lost money, or they are waiting for it to go up again. Which means that there will be plenty of people who will be ready to buy, all those that got out, do you think they already spent their money and it's gone? They are holding it either in fiat or in stablecoins and waiting to get in as quickly as possible to make money as soon as the tide turns.

So, all we need is a little bit of push and we are going to see plenty of people get back into the market and buy and make the price go up very fast. We just need that little push, like go back to 39k+ for example, and rest will be easier.

[kawetsriyanto]

We are already in the bear market in the beginning of the year, when the price can't go as high as $50k

Yep, the bearish period has started since the beginning of the year. As 2021 was the peak of Bullrun, 2022 is the first year for the bearish period. So, it was not surprising if the price couldn't go $50k again, it was a clear sign of a bearish season. Unfortunately, many people still dream to see BTC price to have another ATH in 2022, even to expect $100k. It is normal to dream, but don't dream at the wrong time.

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

If you want to buy BTC, I suggest waiting for a lower price. $36k isn't a safe rate for buying, the price of BTC is likely to drop to $33k before it rises again temporarily. Don't risk your money, better to be patient to buy at the dip. 

[Marvell1]

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

If you want to buy BTC, I suggest waiting for a lower price. $36k isn't a safe rate for buying, the price of BTC is likely to drop to $33k before it rises again temporarily. Don't risk your money, better to be patient to buy at the dip. 

Fear and panic are covering the whole market as bitcoin has reached 35k. All indicators suggest bitcoin could continue to fall, maybe 33k maybe even 30k but I think at this price we can start shopping. If you are a holder then there is no need to worry if bitcoin continues to fall.

The market is unpredictable so take your chance when you get it, I don't recommend all-in at this price but split up and buy in batches if the price continues to drop.

[Oceat]

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.

Well, that's right always practice the safety first because dealing with the bear is kinda difficult without confirmation and the speculation were talking about that this would eventually back to 20k-ish$. It seems like it's time to hodl until the next pump or buy the dip but we don't know yet if this dip will stop for a moment or it would continue to dip further. Although, if there's a bounce back to happen I'm sure it's not the same price again if we're dealing with the bear market or maybe it's different than today.

[STT]

My gamble would be on the 34k to 40k area as a reasonable range of prices both in this year and previously.    We had 6 weekly red bars in a row so far, depends how you read that but dont fight trend is often good advice.   Anyone who cant afford to pay for being wrong really should buy after we prove 34k isnt happening and then you can bet for the train trip back to 40k perhaps getting off whenever you feel like and in profit at that time.    As a trade thats the best practice, check you will be travelling in the right direction before stepping on board.

[kidbounty]

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.

yes your prediction is absolutely right, yesterday bitcoin dropped to 35,000. and what's worse is that there is no sign of a reversal yet. the probability of bitcoin falling to 30,000 is still very high, and this will make the market worse. the current situation is not suitable for trading. It is very difficult to see what will happen in the future because the market is in a very bad situation.

[kotajikikox]

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.

sometimes it is not what we said in the past and what we have today , Bitcoin is a good investment but of course there are chance of this to gain high.

but for now I believe that we are going to drop badly this season , second quarter seems to be the lowering season for every currency and the market is surviving badly and this is what we can see now.

at 35k now? then there will be a 30k? or even 25k?

[Wawa2013]

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.

yes your prediction is absolutely right, yesterday bitcoin dropped to 35,000. and what's worse is that there is no sign of a reversal yet. the probability of bitcoin falling to 30,000 is still very high, and this will make the market worse. the current situation is not suitable for trading. It is very difficult to see what will happen in the future because the market is in a very bad situation.

That's why I always recommend that people study the crypto world well first, before finally deciding to invest in Bitcoin. So that when a bad situation
occurs like now, we don't panic and end up experiencing losses because we sell Bitcoin at low prices. I admit the current decline is the worst in 2022,
but it doesn't worry me, because I have experience and understand how Bitcoin works. Because from the very beginning Bitcoin was an investment
with a very high risk, so we can't expect the price of Bitcoin to always go up, we also have to be ready to face the bear trend that occurs. There is
a possibility that Bitcoin will still drop even lower, but if that happens, we just need to be patient holding the Bitcoins we have and if we have extra
money we can buy more Bitcoins every time the price drops. Because the decline in the price of Bitcoin like now has actually happened, so there is
no need to worry. As long as we don't sell our Bitcoins, we haven't lost anything. We just need to be patient and wait until the Bitcoin price recovers
and rises again.

[evilgreed]

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.

[fzkto]

Many are now waiting for bitcoin at lower prices, some at 30k and some even more pessimistically below 20k. Twitter can sometimes serve as a good indicator, there too most are waiting for further price declines. And  that can mean that the crowd is more often wrong, so maybe bitcoin is near the bottom now.

[777Jolami]

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have.  could recover to $40k for investors to ease their worries.

[Silberman]

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have.  could recover to $40k for investors to ease their worries.

I doubt that investors are worried about what is happening and instead they are taking the opportunity to buy some bitcoin at a decent price before it is too late, the ones that are worried are the ones that entered this market because of FOMO and they are realizing they are not going to recover their money any time soon and they are thinking about selling their coins, if they have not done so already, and finally materialize their losses.

[Pesona1]

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have.  could recover to $40k for investors to ease their worries.

It's quite sad to see the market continues to redden today, although the previous bitcoin price had strengthened to $40K but I don't know what happened so that bitcoin experienced a correction like now, the fall in bitcoin prices I think it still has something to do with the US central bank (The Fed) decided to raise its benchmark interest rate by 50 basis points a few days ago, I think the FED decision is a very strong blow to bitcoin and the current decline may not have bottomed out yet.

[noormcs5]

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.

So as per expectation, bitcoin is back to 35,000$. Now do you think it will move up from here or are we heading towards the 30,000$?
Fundamentally, bitcoin is too much strong and a hedge against inflation, so I don't think it should go further down but we do not know what whales are planning short term?

[Odusko]

After rising sharply to the threshold of $40k, the Bitcoin price plummeted again, falling to the $35k mark, Bitcoin's price fell deeply, causing many other cryptocurrencies to plummet, hoping that there will be a lot of good information for bitcoin to have.  could recover to $40k for investors to ease their worries.

The predicted $35k Bitcoin price is now evidence and the reality is here with most whales taking advantage of the dip to stock up their bags which were laid off when Bitcoin was $45k and above at this moment it is time to take a.long break after the bag are filled I don't think Bitcoin will go below 35k before it makes a rebound to it 40k above.

[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.

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?

The same goes for last year.

IIRC, it has reached $29k.

And that's why we've thought that it was the actual start of the bear market but it wasn't. This time, it could be real but don't remove that possibility that it's still the same.

We may see some spikes again coming around the next months.

[Captain Corporate]

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.

[fortuner]

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.

You are so sure of your principles yes and you are even sure that they will reverse course once they touch the new ATH.
I don't know how much longer we have to wait for a good time to market bitcoin.
Even now bitcoin is still around $ 34 thousand and to reach a price below $ 30 thousand may not be long.

[mattujusuruga]

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.