Bitcoin Price Potential to Drop in the $32k Area

[StreakW]

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.

Seems like Bitcoin did not continue to fell down? there is a thread created recently about Bitcoin may fall down to 35k but it fails and so as yours cannot be happen because Bitcoin now is climbing back and running to 40k again and here it is ..

https://coinmarketcap.com/currencies/bitcoin/

I believe that it is not the fall that coming but instead it is the recovery is coming near us.

For the last few weeks till now the bitcoin price has been trading in the $20k-$19k area. You need news updates to see price movements in the market. Even when I expected the bitcoin price to drop to the $32k level, it turned out that the bitcoin price had dropped to the $18k area. Therefore, even though the bitcoin price has slightly increased above $20k at the moment, it seems that the price recovery has not yet fully occurred.

[Ngemmeng]

Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

to be honest I think to reach $32k is very difficult in this year. the bitcoin price has been stuck around $20k for so long, we don't know if the bitcoin price has bottomed out or is just a temporary stop. I mean temporary stops like when the bitcoin price was around $40k and $30k, because at that price range the bitcoin price was also stuck for a long time.

[Swordsoffreedom]

Bitcoin has dropped, even reached $17k in June, of course this makes the crypto market very volatile,
especially altcoins, and $30k is the hardest resistance in my opinion, but I still believe bitcoin can reach $32k again

to be honest I think to reach $32k is very difficult in this year. the bitcoin price has been stuck around $20k for so long, we don't know if the bitcoin price has bottomed out or is just a temporary stop. I mean temporary stops like when the bitcoin price was around $40k and $30k, because at that price range the bitcoin price was also stuck for a long time.

The expectation $32,000 is a high one compared to the present situation, but who knows there will be a surprise on the way, the market is very unpredictable. I have read a lot of predictions on the forum and people believe that we reach the bottom of this bear season, which is $ 17,000 in June. Currently, Bitcoin is stuck around 20k$, which is a good thing according to everyone's predictions. If bitcoin loses this resistance then I think it will be dumped again and possibly find a new bottom. I don't expect that to happen although a drop in bitcoin is not necessarily a bad thing.