Bitcoin Price Potential to Drop in the $32k Area

[Hamphser]

I'm not an expert at saying what's going to happen

It doesn't really matter. Those who claim to be experts also don't have a clue. All they can do is make shots in the dark and hope they hit something, so when the light comes up they can say "I told you so"... and then sell their "trading courses" to idiots who think they really predicted that last move.

I'm only sure of one thing. Another bull run with another ATH is going to happen within the next 3 years and It would be a crime to miss it. Whether it goes to 32 or 25 along the way will not matter in the long run, just like most people don't even remember the covid crash today.

They would really be making theirselves called to be pro's on the time that the price had really come along on what they had predicted.Its not really that surprising that these people would really be making out those

claims which is totally bullshit or not really that right to believe on but surprisingly there are really newbies around which do really able to believe that these things were possible or they could really read up on where

price would be actually going.If the price would be going below 32k then my funds are already prepared on catching those cheaper coins.

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[justdimin]

for now the price of bitcoin tends to go down to the price of $ 32k to $ 34k, even I think the price is still very vulnerable. currently, depending on what information will appear, the price of bitcoin seems to be falling at any time.
however, the bitcoin price previously had a low in the $37k range before rising to a high of $39k. however, after some pretty bad information, the bitcoin price dropped from $39k to a $36k price range in no time, and the potential for a drop is still there. if we look at the development of the lowest price a few days ago, the current price decline is not too far from $37k to $36k. however, if we look at the recent price increases, this decline is quite deep.
the potential for price drops could occur at any time, and currently many predict the lowest prices are $34k, $32k, and $30k. Other speculations may arise when the bitcoin price has reached the lowest prediction.

Potential for price to go down even more is a very valid concern for people who are holding coins. I am not saying that we should end up with something decent right away but I believe that all these fears about the price dropping are blocking people from understanding the potential we have right now. I mean think about it, if the price is low right now and could go down even more, why not buy it as it goes down, so that you could profit a lot when it goes up?

I have been saying this for days now, and said it before, the price drop is not a curse, it's a blessing in disguise because it gives you cheaper and discounted bitcoin that you could sell later on when it goes up, and it WILL go up, there is no risk there, we just don't know when.

[Vatimins]

     Yep, bitcoin right now doesn't look good. I think we may go as low as 34,400 something then 30-33k range. But I'm not so sure yet though. What I think is that there definitely be a huge jump up one of these days. Still looking at shorter time frame to get some idea where we are about to go and with a couple of confirmations, I may start opening long positions or short positions again. By the way, great prediction. I hope the people who saw this earlier were able to take advantage of this and gain a few profits.

[fullhdpixel]

for now the price of bitcoin tends to go down to the price of $ 32k to $ 34k, even I think the price is still very vulnerable. currently, depending on what information will appear, the price of bitcoin seems to be falling at any time.
however, the bitcoin price previously had a low in the $37k range before rising to a high of $39k. however, after some pretty bad information, the bitcoin price dropped from $39k to a $36k price range in no time, and the potential for a drop is still there. if we look at the development of the lowest price a few days ago, the current price decline is not too far from $37k to $36k. however, if we look at the recent price increases, this decline is quite deep.
the potential for price drops could occur at any time, and currently many predict the lowest prices are $34k, $32k, and $30k. Other speculations may arise when the bitcoin price has reached the lowest prediction.

How did you know? Sure it falls from over 40k down to this current price we see right now which is 36,xxx.xx k (at this moment of writing) But, I don't think this will continue to what you guys are expecting as that price is too much low already. We are supposed to experience the opposite thing right now or the pumps and not the dumps.

What information do you mean? Is the news included to this? But, what if there are positive news that will come out? Will it still won't affect the decision of btc? Speculations are always there and you don't need to wait for the value to drop more if you want to hear them out. You can just look around you.

[KennyR]

This can happen, but for now there is little recovery and the market is getting stronger. The massive sell off is from the short term holders making minimal profit. For this reason the price have come down close to $35500. If the sell off continues the price gets pulled back to $32k. Now the price of bitcoin have recovered a little, but this doesn't look like a transition of market trend.

[eaLiTy]

The cryptocurrency market has failed to live up to traders' expectations as the bitcoin price is still struggling to get back above $40k. Bitcoin's attempt to hold its price above $40k indicates the sluggish momentum of the crypto market. For almost a month now the bitcoin price is between $37k-$39k. Currently, the price of Bitcoin is trading at around $38k. If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.

I like to think the other way around, the traders had high expectations about the market and even i was surprised when the market gained momentum and touched an all time high valuation of $68k which i did not anticipate before the bull run started. I am still expecting the market to go down below $30k and it would be great so that we will be able to purchase something for the next bull run which i am only expecting after the next halving .

[Sanitough]

This can happen, but for now there is little recovery and the market is getting stronger. The massive sell off is from the short term holders making minimal profit. For this reason the price have come down close to $35500. If the sell off continues the price gets pulled back to $32k. Now the price of bitcoin have recovered a little, but this doesn't look like a transition of market trend.

The market is still bearish, if it will recover, it will still continue to slowly drop again. However, there's nothing to worry as it's normal in the market to experience a heavy correction after a long bull season. It's just part of the cycle, and to see the price dropping below $32k, it will likely happen, and we might even see bitcoin going back to $20k level, but don't be surprise.

[cryptomaniac_xxx]

This can happen, but for now there is little recovery and the market is getting stronger. The massive sell off is from the short term holders making minimal profit. For this reason the price have come down close to $35500. If the sell off continues the price gets pulled back to $32k. Now the price of bitcoin have recovered a little, but this doesn't look like a transition of market trend.

If this goes down to $32k then could this be a transition trend for the worst? We are indeed in a bear market now, and we are struggling to even have a good support at $35k and this could be broken in the next two days. So I will reckon that we are going to see and sit at $32k price. Might not be a good view for us, but we will have to accept that the bear market is coming or we have entered that phase already.

[magneto]

This analysis is honestly as good as astrology.

TA is pretty much just overlaying a bunch of irrelevant graphs on top of the price action to show whatever agenda the person drawing it wants to show.

I do agree with the sentiment that potentially BTC can drop down into the $32k region, but I do not really see why people are so panicked right now. Prices are fine and still above the ATH set in 2017 back in the days - this selloff was imminent, and a lot of overleveraged traders will get liquidated if they are not careful. But this is also a great buying opportunity for those who want to enter the crypto market.

[aoluain]

Or a good buying opportunity for us all. In a few days the market has dropped from
$40k back to just above $34k with a slight recovery happening ATM. Its hard to
tell if we drop further to $32k and beyond or pump up.

So in my mind its buy now, if the market shifts up, great its a win, if it drops - buy more.

As magneto posted above, no need for panic, there are always opportunities.

[TravelMug]

Or a good buying opportunity for us all. In a few days the market has dropped from
$40k back to just above $34k with a slight recovery happening ATM. Its hard to
tell if we drop further to $32k and beyond or pump up.

So in my mind its buy now, if the market shifts up, great its a win, if it drops - buy more.

As magneto posted above, no need for panic, there are always opportunities.

Yeah, this is the best thing to do right now, take this negativity and make it positive by buying cheap bitcoin.

Price is now at $34k, buy some and then wait till it further drops to $32k, then buy more. That's what smart investors are doing right now, buying at the dip and holding. If we could just practice it at this price level, this will surely give us a huge profit down the line.

[19Nov16]

Today bitcoin dropped more than 2% to around $34k, I didn't expect bitcoin to continue to drop, there was a lot of speculation that the whales were putting pressure on the price to drop so they would buy immediately, and unfortunately some of my assets like MATIC and BNB also dropped significantly and It looks like the past few days have been a tough one.

[Baofeng]

Today bitcoin dropped more than 2% to around $34k, I didn't expect bitcoin to continue to drop, there was a lot of speculation that the whales were putting pressure on the price to drop so they would buy immediately, and unfortunately some of my assets like MATIC and BNB also dropped significantly and It looks like the past few days have been a tough one.

Hmm, maybe it just weekends that somewhat the blood shed has stop, but we can still go down in the next 2 days if investors continue to sell or panic because of what is going on around the world.

Most altcoins rely on bitcoin, so if bitcoin goes down, most likely the top altcoins as well like BNB and MATIC will follow.

Yes, it is a tough week for us, nevertheless, if you have seen this is the past, you won't be intimidated by it. On the contrary take advantage of the situation to BTFD.

[Mamun74]

I think, it will happen to bitcoin price drop in the $32k area.Because bitcoin price continue dropping this month.Bitcoin price already touched $68k in 2021 but it early dropped. Can bitcoin price  will be surprised us this year?what do you think?I think price will be recover this year.People still believe in bitcoin investment cz bitcoin is most valuable and most popular coin.I hope bitcoin price will be more grow this year.

[Ultegra134]

Today bitcoin dropped more than 2% to around $34k, I didn't expect bitcoin to continue to drop, there was a lot of speculation that the whales were putting pressure on the price to drop so they would buy immediately, and unfortunately some of my assets like MATIC and BNB also dropped significantly and It looks like the past few days have been a tough one.

It looks like it has stabilized at $34.500 at the moment, showing no particular movement for the past few hours, after crashing down to $33.800. Although, I believe that it's highly likely that it'll continue falling and settle at approximately $30.000, before seeing any positive market movement.

[Marvelman]

When it comes to technical analysis, one thing is for sure: Bitcoin is not going to the moon any time soon.

Think of this prediction as a cautionary tale; the market is going nowhere but down for the time being. However, not everyone should worry about the bottom, as the market might bounce up again in the next few weeks. The best approach is to trade based on the trend and not on emotions. It is impossible to predict the market with certainty but it is always possible to find trades that are profitable.

[TheGreatPython]

How did you know? Sure it falls from over 40k down to this current price we see right now which is 36,xxx.xx k (at this moment of writing) But, I don't think this will continue to what you guys are expecting as that price is too much low already. We are supposed to experience the opposite thing right now or the pumps and not the dumps.

What information do you mean? Is the news included to this? But, what if there are positive news that will come out? Will it still won't affect the decision of btc? Speculations are always there and you don't need to wait for the value to drop more if you want to hear them out. You can just look around you.

I agree that we are already pretty low, we were 48k just recently as we all remember, and then we crashed so hard already from that level. From 48k to as low as 34-35 levels at the bottom, now that we are recovering a bit, I have to say that it is not really that much of a trouble for us to recover and go back to 40k+ for the time being. I know that it is not going to be that easy, but it shouldn't be that difficult neither.

I believe that recovery should be coming very soon, maybe not in a minute or two, but it should be somewhere close and I would guess that in May, or maybe early June, we should be getting that 40k+ price, and before the year ends, we will probably see 50k+ happen again.

[Yamifoud]

When it comes to technical analysis, one thing is for sure: Bitcoin is not going to the moon any time soon.

Think of this prediction as a cautionary tale; the market is going nowhere but down for the time being. However, not everyone should worry about the bottom, as the market might bounce up again in the next few weeks. The best approach is to trade based on the trend and not on emotions. It is impossible to predict the market with certainty but it is always possible to find trades that are profitable.

Well, it was still uncertain next week but there is one thing we are sure about is that the market will recover soon, yet we don't know when. That is why patience is very important, if ever the price of Bitcoin went down deeper it is an opportunity to buy more. It is everything has a reason and another chance. So instead of worrying (as usual), we keep ourselves calm and set back. I'd keep watching the market and set a buy option when it reaches $32k, something that I look forward to before the pump comes.

[sayaya17]

I think, it will happen to bitcoin price drop in the $32k area.Because bitcoin price continue dropping this month.Bitcoin price already touched $68k in 2021 but it early dropped. Can bitcoin price  will be surprised us this year?what do you think?I think price will be recover this year.People still believe in bitcoin investment cz bitcoin is most valuable and most popular coin.I hope bitcoin price will be more grow this year.

By looking at Bitcoin's performance which has continued to decline in the last few days and now it has touched the price of $34k. I think it is very
possible in the near future Bitcoin will potentially drop to the price of $ 32k. But that doesn't mean we should panic if Bitcoin's price actually drops
to $32k, because for me the decrease in the price of Bitcoin to the price of $32k is still very reasonable, if we look at the previous year the price of
Bitcoin has gone up very high. Because after all we can't expect the market to always be bullish, sometimes the market needs to be corrected to be
able to give investors the opportunity to buy Bitcoin at low prices, and finally after many investors start buying Bitcoin will make the price of Bitcoin
rise even higher. That's how Bitcoin works, so we just have to be patient if the price of Bitcoin continues to decline. Because surely the price of Bitcoin
will go up again, and only patient people can make a profit from Bitcoin.

[Kemarit]

When it comes to technical analysis, one thing is for sure: Bitcoin is not going to the moon any time soon.

Think of this prediction as a cautionary tale; the market is going nowhere but down for the time being. However, not everyone should worry about the bottom, as the market might bounce up again in the next few weeks. The best approach is to trade based on the trend and not on emotions. It is impossible to predict the market with certainty but it is always possible to find trades that are profitable.

Well, it was still uncertain next week but there is one thing we are sure about is that the market will recover soon, yet we don't know when. That is why patience is very important, if ever the price of Bitcoin went down deeper it is an opportunity to buy more. It is everything has a reason and another chance. So instead of worrying (as usual), we keep ourselves calm and set back. I'd keep watching the market and set a buy option when it reaches $32k, something that I look forward to before the pump comes.

Better be ready mate, as we are almost at $32,000 now, this is another good time to buy if that reaches that price.There's a lot of uncertainty around, the war is still making noise in the background and then the FED's announcement really shook every known financial market in the world including outside of the US.We just have to think that we are in a bear market so that we won't panic when we see the price going down dip to $32,000 or even lower.