Will Bitcoin Rebound This Week

[Relonage]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

[tranthidung]

Think farther than this week, next week.

Bitcoin halving in 2024 is counting down to its activated time in April and today we are in late of January. It is unnecessary to think of price movement this week or next week.

You can think of a farther plan like when you should seriously think of taking profit.

My recommendation is to use Pi Cycle top indicator as one of your indicators to take profit. When the 111DMA crossed down the 350 DMAx2, you will have to exit the market. Maybe it is not an all time high but you will be able to exit and avoid many months of bear market.

[Yamane_Keto]

There are no signs of recovery, especially since we remained for a long time below $43,000, which is a bearish signal, and supply on exchanges, as shown below, is a factor that drives bitcoin prices to move down value, so we will be at to $41,000 or we may test $38,000.

[mk4]

I don't have the data, but I assume the selling pressure is going to come from Grayscale once again. They've unloaded a good amount, and we don't have an idea how much more they need to dump because of their holders dumping GBTC.

I wouldn't short though. Just too much uncertainty.

[adaseb]

Well it doesn’t look like a good start to the week. We are currently at like $40700 and looks like Friday’s low might get tested. What we don’t want is the $40K to break and we end up in the $30k areas. It’s scary because we all know that when Monday morning arrives that GBTC will be dumping their coins.

We want to see $40K level hold. It’s strong support. However it’s looking pretty bleak right now since we are so close to breaking this level. We will see how tomorrows NY session goes.

[Ambatman]

Even if it doesn't this week or even next week
Its still going to create another ATH this year
Just continue your DCA and take any correction as a buying opportunity.
Increase your portfolio now because many are waiting for it to hit $38K or $35K
Once it does, you might not even be fast enough to buy it before you start seeing $50K's.

If you already holding
Just cut ties from the market this period except you accumulating
Let this drama swing pass and enjoy the fruit of your perseverance(Patience).

[bitLeap]

Even if this week there will be a recovery our target is still quite far away and there is no target other than  trying to buy every week in a position that is still profitable. Because in my opinion whether this week rebound is significant or not depends on the situation and the impact of the news produced by the media. I said last week and next week we will still be in a saturated  position seeing the market move down. Even more aggressive  markets show high selling pressure activity and this lends  itself to our DCA activity.

[KiaKia]

Are you so eager to make money out of bitcoin investment in a week? If this is the mindset in you I am sorry to say you are not fit to be a bitcoin investor.

A successful bitcoin investor is someone who have his mind set on the long term performance of bitcoin, not the short term.

Erase this from your mind, a long term bitcoin holder is the real winner, we are still in a bear market and things can stay the same for months, if you can't wait for long you should find something else to invest your money.

Moreover, when bitcoin goes down in value it's always a good time to invest some money, now is one of the good time to start your DCA into Bitcoin, it's very likely that Bitcoin will retest the base again, maybe 37k, 35k or 32k, I don't know the exact bottom but start buying bit by bit and hold for a year and half, Bitcoin should make a new all time high at the time.

[hugeblack]

Forecasting is short-term and within a week is difficult, especially with all the variables, but what is certain is that the probability of seeing levels above 50k seems less than in the past, so the possibility of stability or decline seems more likely, but the market is open to all possibilities.
You will find some technical analyzes that support this trend, but in general it is very difficult to make short-term predictions, so focus on a time range between 3 months to 6 months.

[Davidvictorson]

Yes, bitcoin's price will rebound, on one knows when. It is all speculation for one.. The ETFs, Grayscale dumping, large investors or companies taking advantage of selling, driving the price lower, and then accumulating more. Some individuals are likely pleased that Bitcoin has declined, as they've been predicting it for months. However, it's unlikely to stay down for an extended period there is going to be a rebound. It will happen slow, most likely this week or not.  But once the upward trend resumes, it's expected to surge significantly.

[humanvelocity]

Not sure about this week has quite few people have mentioned, But if we extend the range upto 2-3 weeks you could most probably see a significant change in prices. I would also not be surprised if we see the price dipping to close 30's and see a bounce back from there marking it has a beginning of the up-trend.

[JollyGood]

I do not think much about the forecasts or the forecasters because how often do they even get it right? It is easy for people to look at graphs and make a statement about what will transpire next but I do not have nay faith in them.

It is looking quite bad as far as $40,300 shows. I will not be surprised at all if we are in to c.$39,000 and below within hours but I am not expecting a rebound this week.

Well it doesn’t look like a good start to the week. We are currently at like $40700 and looks like Friday’s low might get tested. What we don’t want is the $40K to break and we end up in the $30k areas. It’s scary because we all know that when Monday morning arrives that GBTC will be dumping their coins.

We want to see $40K level hold. It’s strong support. However it’s looking pretty bleak right now since we are so close to breaking this level. We will see how tomorrows NY session goes.

[boyptc]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

When most of these futures are going to expire? I am not yet expecting some rebound but if it's like a week or two of slump already then we may see some recovery.

That's possible.

The possibility of seeing it fall below $40k is there and boys, if you haven't bought much then just look at it as an opportunity.

[Fiatless]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Bitcoin price can be unpredictable because it can be influenced by many economic factors. And most of these economic factors are also very difficult to predict. I never expected the price of Bitcoin to drop to this extent after the approval of the Spot Bitcoin ETF by the SEC. I was expecting the price to move to at least $50k but the reverse is the case now. I think the price will not recover this week and I also suspect that the price might keep depreciating until after the Bitcoin halving. As I earlier stated the price is unpredictable so a positive global economic outlook might make the price appreciate.

[Yatsan]

If it's this week then it is hard being optimistic of the market peice behavior for Bitcoin. Charts are bearish and no huge news to uploft the demand and trigger a pullback to $49k or even higher. So if you are one of those who are confused on when to enter, think of a market price that will make you satisfy regardless of the price movement. As we all know, no one has the assurance of when will recovery again take place. At least, if that's your chosen market price, and if you only invested a portion of your overall capital, then nothing will be a problem eitherway the price would go. It is a matter of being preventive; avoiding huge loss than chasing big profit. Its market price could again fall down to $20k if ever demand will decline but if not, $50k and above are possible.

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Bitcoin price can be unpredictable because it can be influenced by many economic factors. And most of these economic factors are also very difficult to predict. I never expected the price of Bitcoin to drop to this extent after the approval of the Spot Bitcoin ETF by the SEC. I was expecting the price to move to at least $50k but the reverse is the case now. I think the price will not recover this week and I also suspect that the price might keep depreciating until after the Bitcoin halving. As I earlier stated the price is unpredictable so a positive global economic outlook might make the price appreciate.

Can be? It will always be unpredictable since its market value is dependent solely with demand. Well indeed it is correct that demand is highly affected by several factors. I still believe that its market price is bullish and what we are seeing right now is just a price correction given that its market price had a continuous but huge price uplift. The market may recover in no time but for now wait for clearer signs of recovery and always check in between different time frames in particular with volumes.

[Faisal2202]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

The data you have mentioned does tell us that they are future trades but it doesn't tell us which future trades, they might be short or long. What if the short trades are in a higher valuation than the long ones, then your prediction will not be completed. As we don't know people are either bullish or bearish with BTC price in the upcoming week. If you ask me what are my predictions on this, then I will say people are mostly bearish on this.

And I am also expecting more downtrends in the BTC price, this is due to the billions of cash inflow and outflow from BTC which have made it highly volatile than before. Which is just too risky for all of us, and I was reading a news 2 days ago that, ARK has moved there a lot of money from the Future ETF of BTC to their own Spot BTC ETF, knowing as parking the spot technique to save funds for liquidation which also tells us that market might be bullish in upcoming days, or it is already in bearish state because it is around $40k now at the time of writing.

[_BlackStar]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Don't worry about short-term volatility if you are a long-term holder. Change your short-term mindset to a long-term mindset - this will save you more energy instead of being prone to emotions due to price corrections. In the last 24 hours bitcoin has tested the $39,400 support level - there is panic there and concerns are starting to emerge. Don't be afraid - accumulate and set your sights on the long term.

I hope the price will recover soon rather than having to continue testing new support levels - but Grayscale may still influence the price down due to its bitcoin sales. In less than 2 weeks - bitcoin has lost almost $10K in price, that's the impact of the ETF in the short term.

[pieseford]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

Don't worry about short-term volatility if you are a long-term holder. Change your short-term mindset to a long-term mindset - this will save you more energy instead of being prone to emotions due to price corrections. In the last 24 hours bitcoin has tested the $39,400 support level - there is panic there and concerns are starting to emerge. Don't be afraid - accumulate and set your sights on the long term.

I hope the price will recover soon rather than having to continue testing new support levels - but Grayscale may still influence the price down due to its bitcoin sales. In less than 2 weeks - bitcoin has lost almost $10K in price, that's the impact of the ETF in the short term.

Grayscale is buying around 6000 daily BTC. Price will go up above 50 K soon

[GeorgeJohn]

According to data from the Coinglass platform, the current open positions in Bitcoin futures contracts have reached $17.582 billion.  CME holds the largest share at $4.769 billion, followed by Binance at $4.151 billion, and Bybit at $3.199 billion.  The substantial open interest across these platforms suggests significant market activity. So will Bitcoin rebound this week?

nobody knows because Bitcoin what people do concerning it is speculation and the assumption and I believe that this come price does not take any permission from anyone to accelerate to any amount that it want to be or take as a margin line so that is why when you ask me I will know give you a direct detail because I know that bitcoin interchanges even we can say that we are expecting it to be June or July why the expectation might become below or before them that is why I said that I don't believe in to the speculation and the assumption of cryptocurrency especially Bitcoin

[adaseb]

Today was another nasty day. I assumed that $40K would hold and that we would get a cleaner candle close. However we dumped below it and the candle we made was very bearish.

There is still hope if $40K holds. I think Ftx is done selling and there should be less sell pressure, hopefully. Problem now is that many are panicking seeing $30sk bitcoin and many will just sell out of fear.