What is the next move

[Maliceprime]

Be careful, this recovery won't hold for too long and BTC will still go down than this, I won't be surprised if BTC touches 19,000$ again, its be a bear market so always expect the unexpected, this dump will go on for a while before things starts to settle down.

[monineklutak]

Yesterday bitcoin took a big fall, there was panic and a sell-off in the market, with many altcoins reaching a new low compared to 2021. I think there should be a correction or a bounce in the market in the near future and then it is likely to continue to fall. I would not expect cryptocurrency to rise this year.

As long as the panic is still in its normal stage, I don't think it's a problem and I hope there won't be a mass panic that will make the situation worse.
considering what has happened to the crypto market so far it seems hard to see cryptocurrencies going up this year

[vanesha]

Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.

previously we haven't touched 29k in recent months, I'm sure if the 30k support is broken they will fall even deeper. But if we see bitcoin going up to 31k it's like a bait to be ready for a free fall down, there is currently no confirmation that resistance will break that fast, we have to wait until bitcoin is at a thick support point.

[uelque]

Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.

I think it's going to bounce back to 36k then would go back again to 29k. And I think the final decision whether bitcoin is going to be in the uptrend or in the downtrend is probably in the next few months. For me, it's to early to decide whether the downtrend is already over. Let's just hope that bitcoin will soon recover and that we can see an uptrend in the next few months. But still, let's don't forget to prepare ourselves for the possible downtrend because it is still possible though, no one really knows, bitcoin sometimes is unpredictable.

[Nrcewker]

Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.

When there is a dip there is a sudden rise in the price?
I guess this time it’s also following the same trend?
In this year, Bitcoin listing at 30k usd was the lowest, now it’s recovering, and at the time of writing of this post Bitcoin is currently at 31,640 usd.
I guess Bitcoins will continue rising now, as many traders will start buying the coin due it’s low price.
I am expecting Bitcoin price to become stable at around 41k USD.
Let’s see what happens next.

[cheezcarls]

Bitcoin respected its last strong resistance of 29,000$ now its recovered back to 31,000$ and it looks like its not done yet, pro traders out there where do you think this is heading? Is the free fall over or this level won't hold for long either?.

And speaking of strong support, you might want to watch Chill Trader’s technical analysis video on his Youtube channel regarding a strong comeback of BTC in the coming days and identified his own strong support levels.

Seems to me that it’s going to be between $29k to $30k as the strong support level for now. However, if it does break, the next support might be somewhere around $25k to $26k.

I just hope that it will bounce back in the coming days after this dreadful pullback of the entire crypto market that was also influenced by the stock market crash. 

[kojektea]

With this condition, I suggest keeping the coin stable for some time in the future until we get the market back stable or enter a saturated market during a bear market. If you force trade at this time, it will make us hold in fear, the risk is very high, or if you want to take small profits it is better to just scalping on bitcoin.

[JeffBrad12]

It's not only bitcoin who is dumped so hard but even stable token that peg with bitcoin has been shaken. I didn't believe if even tera luna lost more than 50% from its token price. This is good. that will give a small insight about using volatile assets to backed the stable coin will never happen. Stable asset will always peg with stable token. It's to keep the value from the volatility. The next move is bitcoin is going down and this is another bulltrap.
People call this another recovery but i don't believe with it.