BTC to the $42 k ?

It will be bearish or move sideways for a long time now. People need liquidity in times of crisis. That is why even gold is in consolidation stage now.
If fed increases the rate due to inflation, expect more sell off.
 
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The largest buyer of the past years can no longer be counted on to buy and hold, so naturally there is a lot of fear at the moment. Can't say I would be confident in taking longs myself
 
It’s entirely possible, that could happen within the next few days.
 
Lets count it to 55k . Actually this is a right time to secure the SPOT position.
 
The market is never truly stable; it invariably follows a cyclical pattern declining until it hits a trough, at which point it begins to rise. Therefore, we must attempt to anticipate whether the downturn will persist and, if so, what its ultimate low point will be. In my estimation, the market is poised to decline further.
 
Next support is 40k, if we break below 38k, Next support is 27k. When no one will believe anymore in BTC and and everyone is leaving the boat, it will be the perfect time to go in. Waiting for that big fud. Thats how smart money is working.
 
Venusaur said:
where are those numbers coming from? why 42k, 37k, 30k specifically?

i opened a short position for ethereum when it was $2150, unfortunately i was slow to open when it was +$2300, but I guess it will sink even more than BTC
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These are the Supports.. I drawed in blue lines the support where BTC should be able to "bump" Before going further down or regain and inverse the Trend
686.jpg
 
Yes, Bitcoin will most likely fall to around $40,000, then experience repeated fluctuations and shakeouts at the bottom until retail investors completely lose patience, before the price slowly rises.
 
Not until the next halving, bitcoin price will go ahead and drop.
 
CapitalConnector said:
Next support is 40k, if we break below 38k, Next support is 27k. When no one will believe anymore in BTC and and everyone is leaving the boat, it will be the perfect time to go in. Waiting for that big fud. Thats how smart money is working.
Click to expand...


Only right answer. And also halving included.
 
pauliakas said:
So BTC to the $42 k ? Or lower?
Click to expand...
I am expecting the same Btc can reach 43k level anytime once 60k support broken

Since today 60k test once already and dipped to 59k and bounce back

It gonna try to make support weeker to go dip in low levels
 
I’m expecting the floor to be somewhere around the $50K-55K range. These prices are already pretty juicy if you’re looking for a decent buy-in IMO. Especially long term wise you really can’t go wrong with BTC around this price.
 
Might go to 40k, might’ve bottomed out already, no one really knows. I remember last bear cycle when it hit 15K and people were convinced it was going to 10K and lower but we went almost straight up from there.
 
If Bitcoin drops to $42,000, there is a strong possibility that it could continue to decline significantly. However, that scenario seems highly unlikely at the moment.
 
I've seen people call for $30k, $20k and even lower every time the market dips. Then BTC bounces and suddenly everyone forgets those predictions.
At this point I just watch the charts and ignore most of the price targets. :D
 
I think BTC will soon see a price in the 5x this month. A price in the 4x would probably be at the end of the year
:weep:
 
42k is possible if the market gets another bad news candle, but I dont see BTC “dying” like that. Seen this same talk every cycle when people panic sell. For me 40-42k is more like a strong buy zone than end of crypto... if it breaks 40k clean then yeah, can get ugly fast.
 
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