Bitcoin's second biggest weekly gain happened yesterday

[erep]

The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.

I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.

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[Dave1]

The correction at the beginning of this month was not that big because the price was still able to hold on to $ 23k but if more negative news is released, there is a possibility that bitcoin will drop deeper to $ 21k-$ 22k. So prepare yourself for all eventualities and don't be late to buy at that low price.

I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.

There was the US FED saying that inflation is not closing down and then Silvergate closing and filing for bankruptcy. So I guess this two negative news really put a lot of pressure in the market again in the last couple of days, specially for this week.

Now, we don't like what we have seen, as we are in the $20k'ish again.

Perhaps March will still continue and hold it's streak as one of the worst month for us.

[Tellek Garing]

I have observed that Bitcoin's momentum has decreased since it reached the $25,000 mark, resulting in a failure to meet expectations .

The bears have been dominating the market, with losses amounting to half of the gains made this year since the beginning of March. At present, the price is trending towards the $21,050 range, and it is anticipated that the sell-off will not dip below $20,000, with a potential shift in direction expected before the week's end.

[coolcoinz]

I have observed that Bitcoin's momentum has decreased since it reached the $25,000 mark, resulting in a failure to meet expectations .

Maybe it's not bitcoin that failed the expectations but the expectations were too high for the market that we're in?

The bears have been dominating the market, with losses amounting to half of the gains made this year since the beginning of March. At present, the price is trending towards the $21,050 range, and it is anticipated that the sell-off will not dip below $20,000, with a potential shift in direction expected before the week's end.

They've been dominating the market since November 2021, that's why it's called the bear market.

No dip below 20k? Like it was anticipated in 2022 that we wouldn't go below that level?
The only thing that I'm quite sure of is that the bottom is in. That said, we could go to 16k again and the bottom would still be in. The market is so manipulated with only 20% of bitcoin being liquid and tradable at any moment, that with enough pressure you can expect any exchange to crash, just like they did last year. Dos it change anything for bitcoin? No, because it's still going up after the halving, so unless you've got bills to pay and bitcoin as your last source of funds, you have no reason to worry.

[Ojima-ojo]

At the moment the dip has gotten dipper since bitcoin lost about 3% further in the last one hour at the moment, bitcoin is struggling with the resistant level of $20kBTC price and this is one of the biggest drops since the rise in January and in February we witness similar drop but not as dip as this one.

But what I know is that it will not take up to 48 hours before we see the recovery will happen, and as it is, the 25k price has become a target to be achieved before the end of this month.

[Oceat]

At the moment the dip has gotten dipper since bitcoin lost about 3% further in the last one hour at the moment, bitcoin is struggling with the resistant level of $20kBTC price and this is one of the biggest drops since the rise in January and in February we witness similar drop but not as dip as this one.

But what I know is that it will not take up to 48 hours before we see the recovery will happen, and as it is, the 25k price has become a target to be achieved before the end of this month.

Just what kind of FUD makes Bitcoin to dip even dipper?

I expected it to be at least staying at $22k to $23k but things got more complicated although, Bitcoin need this in order to achieve the next higher resistance. But for now, they might just have to enjoy buying this dip and proceed to hodl for a long time since it won't budge yet after a week IMO perhaps a whole month will make a change of it. Though we never know what lies ahead but proceed with care since the market isn't just that easy to predict.

[Republikcoin.com]

I don't know any negative news related to bitcoin price dropping significantly today, I thought the support area will hold $21k and will never drop below it, but my prediction was not right and the market has been going down non-stop for several days this week, March this year has also been bad for bitcoin and is no different from last year's moves, I hope to never see the price below $20k and a price recovery should happen soon to prevent the price from going any lower.

Today the Bitcoin price is still at $20K and not below that, but if the support area is not strong around that price range this month. So there is a possibility that the price will fall again, although I also hope that a quick recovery can occur in Bitcoin to prevent many people from panicking. Today I was surprised when I saw the price decline that continued to occur in Bitcoin, because this reminded me of last year where the decline was always more dominant in the market than the increase.

[Lubang Bawah]

For the long term I'm not worried about the performance of bitcoin, but in the short term it seems that the price will again fall below $ 20k, because the current price position is around $ 20,075 even on huobi it has fallen to $ 19985, of course we hope that positive sentiment will appear again and make the price it can rise again, if the price drops below $20k again it will take even longer time to recover or touch the ATH that happened 2 years ago.

[AnonBitCoiner]

as you mentioned 25k$ in February of this year so I will talk about its price that it's price enhances more than 25k$ and it goes up to 28k but now its slightly down from 28k$ to 27k$. So there is no accurate prediction about what will be its higher worth.

May be in coming month its cross the value of 28k$ and may be it become down again so we cannot say about its actual worth for the future. There is no one who will have definite information about the future of Bitcoin because market is not trustable and is not constant so we have to wait if we have some profit then selling some part of it is crucial while at lower price selling will be a foolish idea.

The market is not stable yet so we cannot say that what will happen but we should keep eye on price and group chatting for the information we want to follow for successful outcomes.