The Top Coins > Blog > Cryptocurrencies > Bitcoin > Bitcoin Falls Down to $39,000 | Will It Recover in 2022?
                                        Bitcoin Falls Down to $39,000 | Will It Recover in 2022?

Bitcoin Falls Down to $39,000 | Will It Recover in 2022?

21 Jan 2022

Bitcoin has had its share of ups and downs throughout 2021. However, as many hopeful crypto fans thought the giant BTC would hit $100,000 before the year ended, it corrected down to $42,000. As of January 10, 2022, Bitcoin went as low as $39,650 - marking a new dip for cryptocurrency. Contrary to most years in crypto, where candles go green in January, Bitcoin’s first few weeks is anything but mixed. On one side, you have people in social media saying this is the start of a new bear market. On the other hand, there are still hopeful individuals indicating that the $39k dip marks a new buying indicator before another BTC rally to $70K this time. Either way, newcomers in the crypto market will find the current state confusing.

Today, we will discuss the Bitcoin price for January and the possible directions it will take throughout the rest of the year. Take note that this article is not financial advice, but rather purely for informational purposes only. 

As Bitcoin Goes Down, So Do the Rest

If you are hunting for altcoins, your portfolio may look quite red at the moment. This is because when Bitcoin shot down to $39K, every altcoin in the market received big corrections. This includes the likes of Ethereum, Solana, and Cardano. 

Ethereum was supposed to prove that the dominance of Bitcoin cannot outweigh the movement of ETH. Instead, the price action of BTC influenced even the #2 coin in the market. ETH went from $4800 last November 2021 and crashed to $2900 last January 10. 

Meanwhile, altcoin powerhouses SOL and ADA continue to struggle to reach back to the top after the BTC correction. SOL is toying around the $130 to $200 zone after its massive 4-month rally from July 2021’s $22 to November 2021’s $259.90. On the other hand, ADA has never seen the light of day since its all-time high of $3 last September 2021. Now, it is swirling within the $1.10 area. 

As Bitcoin Goes Down, So Do the Rest

Popularity-based coins such as the meme Dogecoin and the crowd-favorite Shiba Inu have also taken a toll as well. Dogecoin has gone far off since its highest reach of $0.74 last May 2021. Shiba had its time to shine last October 2021 with over 500% gains. While it was a moment of hype and pump for the coin, many still question its actual use case. However, the 2nd biggest meme coin never had the same rally as it had back then. From its all-time highest of $0.000089, SHIB is circulating within the $0.00003 zone. And, just like any other coin in the market, there’s no telling whether it will stretch back to its big gains and even reach $0.01 in the future - given that Bitcoin’s movements won’t bother to rally up to its attempt of $100k.

Will BTC Correct Back to $30,000?

In the world of crypto, anything can happen. If possible, BTC can even go as low as $20,000 as long as the bears control the market. Yet, it is also possible that BTC can maintain its $39,000 support line if the buyers remain at that price. A price increase in Bitcoin will also mean a bigger movement for all legitimate coins. Remember that its price action will influence the rest of the market and that depends on the world news and investors. If BTC receives a positive catalyst like the B-Word conference of July 2021, then the price will break the bear market and continue a new journey into a new all-time high. But, if bad news and rumors continue to circulate, then black swans will takeover the market and push all prices downwards.

Bitcoin, Ethereum, Binance Coin, Cardano are all the same volatile coins that bring both profits and losses, depending on how much you are willing to lose. 

Right now, even technical analysis cannot show a clear picture of what will happen to BTC throughout the rest of the year. The only way for everyone to see what goes into the market is time itself. Nobody can control the flow of cryptocurrencies other than its biggest investors, scalpers and world events. Even us at The Top Coins cannot predict the future of BTC other than its fundamentals showing relevance in the world today. Yet, not all hope is lost. 

A Possible Bullish Recovery

As long as people find value in Bitcoin, then there is nothing to fear. After all, it is the long-term investors that win in the end as time in the market always overtake timing the market. Nobody can say when is the perfect time to invest in Bitcoin, but rather how much you are willing to risk in cryptocurrency. The volatile environment makes crypto the riskiest investment but also the most rewarding - given that you know where to put your money. 

That said, January may be an indicator of what is about to come: a massive reversal that will break the current bearish pattern into a full-on rally upwards. According to its current RSI, Bitcoin is already in its oversold state, meaning the sellers are fewer and BTC is looking for new buyers. Keep in mind that for the coin to increase its value, buyers must be willing to purchase at its current price. If BTC cannot find a new batch of buyers, then its value may continuously go down to 30K.

Fortunately, 2022 is full of good rumors that will improve the market and the blockchain technology. With Ethereum 2.0 on the way along with massive adoption within altcoins, perhaps the bear market will not overtake anytime soon. Instead, with more companies believing in the power of blockchain along with tech giants looking to transact with Bitcoin, investors and crypto enthusiasts may find this year to shape up for something better. 

Always Manage Your Risks

As with all things, we cannot guarantee whether the bullish movement will happen again. Altcoin season may or may not return and general price action for Bitcoin may turn sweet or sour unexpectedly. After all, even with so many technical analyses, crypto always finds its way to move in unpredictable manners. 

Always Manage Your Risks

Overall, I highly advise applying Dollar Cost Averaging whenever you like to add more money to your portfolio. DCA is the act of adding a few when you are in doubt of the price movement or if the price is too high for your preference while purchasing more when the price hits the dip. You may also do a risk-reward ratio, but that method suits the short-term traders more: you adjust to how much percentage you are willing to lose versus the percentage you are willing to take profit. It’s easier said than done and doing so will need a lot of intricate technical analysis to get things done properly. If you are a long-term thinker, then none of these should faze you. But, if you want to make a quick buck, don’t forget to convert your percentage profits into fiat money.

As cryptocurrency is still in its “crab” phase, we are treading in a thin line between the bulls and the bears. Of course, every investor wants BTC to keep going higher but we will need new buyers who do not mind buying Bitcoin within the $39k to $69k zone. If the buyers keep at it in this zone, the overall price may exceed $69k. Perhaps, the possibility of hitting $100k before 2023 starts may seem closer than ever.

Thor Guanzon

Written by Thor Guanzon
on 21 Jan 2022

Cyril Sansano

Reviewed by Cyril Sansano

Leave a Reply

57 comments

Add comment


  • avatar
    daniel ann 9 months ago
    https://docs.google.com/spreadsheets/d/1hwk9kx3BSWYQu9Fn2tfMonB0iZF9A3hwZkQyhCtC31w/edit?usp=sharing
    • avatar
      Nidhi Bali 2 months ago
      HOW TO RECOVER YOUR MONEY FROM SCAM CRYPTO TRADING? kindly contact them on telegram:@Rykabalan
      • avatar
        Ashley Vivian 1 month ago
        Get your ex back with the help of an online spell caster who saved my relationship Dr Raypower, do you still love and miss your ex the opportunity is here to get your ex back, don't give up yet, happiness is worth fighting for. email Dr Raypower for help at urgentspellcast@gmail.com or WhatsApp: +27634918117
  • avatar
    well post
  • avatar
    well post [link:http://www.google.com]your link text[/link] [link="http://www.google.com"] google [/link] [url=http://www.google.com] google[/url] google http://www.google.com [[http://www.google.com|google ]] [http://www.google.com google ] [a=http://www.google.com] google[/a] http://www.google.com
  • avatar
    ruskwooddy 8 months ago
    I had also bear a huge loss in the bitcoin, I generally use NordVPN ( https://www.vpnblade.com/deals/nordvpn-coupon-code/1-year-plan/ ) . With this I buy Bitcoin at price difference and sell it on margin.
  • avatar
    John Evans 8 months ago
    I certainly won’t be a millionaire at the end of this bull run, however I had 25K invested 6 months ago in bitcoin, I’m sitting at 525K now with 50% in eth, 75% in Btc and 25% in other alts… I’m very happy and thankful to Crypto Emperor whom I contact cryptoemperor143 @gmail com on after a lot had recommended on many crypto platform who made this possible, maybe next time I’ll have enough to become a millionaire
  • avatar
    I never thought it was possible to recover stolen cryptocurrency due to my past experience trying to recover $228k that was stolen from my usdt w.a.l.l.e.t; until I read an article on this webpage www.thedailychargeback.com , I summited all documents needed to carryout the recovery operation, they successfully recover $205k from what I lost, I advice anyone having problems with lost or stolen cryptocurrency issues to reach to them.
  • avatar
    Javier Hugo 5 months ago
    I recommend professional expert Proassetrecoveryexpert@gmail.com for Recovery Funds/ Cryptocurrency/ Recovery of Stolen Bitcoin/ Bitcoin Mining/ Increase of Credit score/ MOBILE SPY REMOTE CONTROL ACCESS AUTHORIZATION. Removing Bad Records from Both Public and Private database..
  • avatar
    Julia Fineday 4 months ago
    This company (Wizard James Recovery services) caught my husband cheating. The software and monitoring was all hidden within the browsing app. I contacted them, and paid 1/2 of the fee upfront and they did not fail to deliver. They are timely, great customer service, they do respect the time that they have projected and apologize if there are any delays. If you are ever in need this service you can contact them. wizardjames8@yahoo.com WhatsApp: +1 (863) 254-2842
  • avatar
    If you are ever in need of a good hacker, Wizard James is the best recovery service. You can contact him on: wizardjamesrecovery@usa.com, wizardjames8@yahoo.com or WhatsApp: +1 (863) 254-2842
  • avatar
    If you are ever in need of a good hacker, Wizard James is the best recovery service. You can contact him on: wizardjamesrecovery@usa.com, wizardjames8@yahoo.com or WhatsApp: +1 (863) 254-2842
  • avatar
    If you are ever in need of a good hacker, Wizard James is the best recovery service. You can contact him on: wizardjamesrecovery@usa.com, wizardjames8@yahoo.com or WhatsApp: +1 (863) 254-2842
  • avatar
    James Doolen 3 months ago
    I would like to give my gratitude to Wizard James Services because this site is the only one where there is nothing superfluous going on, they were completely honest and transparent all the way through. They said they could crack my wallet, it took them 4 hours and they took their 20% and left me the rest, Job well done. His contact: wizardjamesrecovery@usa.com or WhatsApp: +1 (863) 254-2842
  • avatar
    I can’t stop giving you positive reviews For recovering my stolen 4.3 Bitcoin in just few minutes. i lost my BTC in a bitcoin investment scam and DanetGideon unbelievably recovered my coins back to my wallet in just few minutes... I believe we all need such a wonderful helper. contact him via mail: DanteGideon @ Consultant. com
  • avatar
    Rafael Leach 3 months ago
    I believe that there are individuals who have lost their crypto one way or the other. I strongly advise that you don't seek help recovering it online because you are likely going to meet a scammer who will steal more of your funds in an attempt to help you recover your lost crypto. I personally have used Pro Asset Recovery Expert when I had to recover my bitcoin stolen by scammers. You can contact this legit recovery firm by email (proassetrecoveryexpert@gmail com).
  • avatar
    I could not be more impressed. The gentleman from Wizard James managed to recover my doge wallet in 3-4 days while it was still worth anything - and made me $6000. I can not possibly recommend him enough. He could have taken everything, I gave him my entire wallet, but he did exactly what he said he would. His personal contact, wizardjamesrecovery@usa.com WhatsApp: +1 (863) 254-2842
  • avatar
    Craker cyber dude group hackers are currently collecting funds back for all victims who fall into scams and scams Hurry up and contact him explain your situation to them they will help you and your funds in affordable fees all crypto scam recovery funds, bitcoin scam recovery, investment scam, mobile spy, hacking contact them on craker@cyberdude.com chat him on WhatsApp +1(908)533-1382 I just want to]share the good news with people who need help to contact him immediately
  • avatar
    Craker cyber dude group hackers are currently collecting funds back for all victims who fall into scams and scams Hurry up and contact him explain your situation to them they will help you and your funds in affordable fees all crypto scam recovery funds, bitcoin scam recovery, investment scam, mobile spy, hacking contact them on craker@cyberdude.com chat him on WhatsApp +1(908)533-1382 I just want to]share the good news with people who need help to contact him immediately
  • avatar
    Nidhi Bali 2 months ago
    HOW TO RECOVER YOUR MONEY FROM SCAM CRYPTO TRADING? kindly contact them on telegram:@Rykabalan
  • avatar
    Nidhi Bali 2 months ago
    I and my father went into crypto trading investment and we got scammed and we contacted a recovery expert on telegram :telegram: @Rykabalan and w h a t s a p p : + 351912563693 for help and we got our money back .
  • avatar
    The biggest turn of with Crypto is the way its not regulated, that's why different people can come up with different fake stories all the time and its sad that platforms like facebook and others only care about the money they make from them, I saw an ad on facebook on Chickenfastmining and fell into a scam, lost over $120,000 I reported to facebook they did nothing about it till I saw Assetsrepo. com from a reddit group, they recovered about $95,000 out of all I lost.
  • avatar
    Hi netizens, amidst my divorce process, i know my partner had a lot of skeletons in his wardrobe. I tried severally to expose him but he was one step ahead of not until i met a jewsih hacker, named Dr Joel, he was able to hack my partner's phone within hours i promise you. He is the best thing that has happened to me this year because it gave me opportunity to expose my partner to his righteous family who always think i am the problem in the marriage. Reach him on
  • avatar
    Abigail Johnson 2 months ago
    My EX ruined me broke due to his incessant extravagant spending , I found myself in a big mess. I talked to a loan company and I was told that they can't lend me loan . I was devastated, that's put me into a lot of debt. I looked online and came across Mr MARTINS of martinshackers22@gmail.com , I hit him up and to my greatest surprise, my debt was paid in 4 working days from MARTINS HACKERS Blank ATM Card which i used to withdraw money untraceable and shop online with the blank ATM card . I was
  • avatar
    Corrina Lewis 2 months ago
    In order to recover from any type of online bitcoin fraud, do not hesitate to contact (Digitalassetrecoveryexpert@gmail.com) and comply with their recommendations.
  • avatar
    Aurora paul 2 months ago
    GearHead Engineers are the hottest techies in the market right now. They handle bitcoin recovery, Android and iOS remote access, grade adjustment, location tracing, and online private investigation. Contact them through email on gearhead (@) engineer (.) com
  • avatar
    Cynthia Sanchez 1 month ago
    Even though it can be a very unpleasant procedure, recovering lost or stolen bitcoin from scammers or hackers is absolutely possible. With experts like Adrian Lamo Recovery Expert, whose email address is "hackwithadrianlamo at gmail,com," it is even easier and quicker. Because I know where they are physically located, they are the only recovery company I can suggest to anyone.
    • avatar
      Wendy Jones 1 month ago
      When attempting to invest in cryptocurrencies, we should exercise extreme caution when dealing with phony online brokers who identify themselves as certified brokers. In the past, I experienced a loss of more than $150,000. If Adrian Lamo, whom I was introduced to by my office supervisor, hadn't acted promptly, I'm confident that all of my deposited money would have been gone by this point.
  • avatar
    Brianna Jones 1 month ago
    That fraud is spreading so quickly while the government takes such little action to combat it is truly terrible. I had suffered a substantial financial loss due to a binary option fraud, but Adrian Lamo, a recovery agent, saved me. All I had to do was send an email of complaint to his address (hack with adrian lamo (at) gmail ,com). Adrian is undoubtedly the greatest when it comes to finding lost or stolen cryptocurrency. He is also accessible for any type of hacking services.
    • avatar
      Adrian is unquestionably the best at what he does, and he is fully deserving of the flowers. It makes me happy to see reviews about him on this site.
  • avatar
    Francoise Bettencourt 1 month ago
    DO YOU NEED A LOAN? SEEK NO MORE @ martinshackers22@gmail.com We have specially programmed ATMs that can be used to withdraw money at ATMs, shops and points of sale. We sell these cards to all our customers and interested buyers all over the world, the cards have a withdrawal limit every week.Which we are giving you 98.9% Work sure. Email: martinshackers22@gmail.com
  • avatar
    Reuben Garner 1 month ago
    coNTACT FASTFUNDSRECOVERY
  • avatar
    Ashley Vivian 1 month ago
    Get your ex back with the help of an online spell caster who saved my relationship Dr Raypower, do you still love and miss your ex the opportunity is here to get your ex back, don't give up yet, happiness is worth fighting for. email Dr Raypower for help at urgentspellcast@gmail.com or WhatsApp: +27634918117
  • avatar
    Precious 1 month ago
    It has been really hard losing a lot of my money to these binary options trading companies. I lost my money. Fortunately, I found an investigative Company, rxintelinc@gmail.com who made sure I got back everything I lost. If you are in a similar situation and lost money, you can consult them on how to get your money back.
  • avatar
    Mildred N. Kahle 4 weeks ago
    Scammers keep coming up with new ways to steal people's money, which is terrible. However, the question we scam victims should be asking ourselves right now is, how do we get our money back or even bring this guy to justice? For me, I was able to get some help thanks to a friend who introduced me to (proassetrecoveryexpert @gmail com), who helped me track down this scammer and helped retrieve my money from them, I am pretty sure they can help you too.
  • avatar
    Visit grantbeyond . Net to recover lost money and bitcoin from any internet scam.
  • avatar
    Visit grantbeyond . Net to recover lost money and bitcoin from any internet scam.
  • avatar
    https://telegra.ph/Recouping-tips-12-12
  • avatar
    https://telegra.ph/Recouping-tips-12-12
  • avatar
    https://telegra.ph/Recouping-tips-12-12
  • avatar
    Sanee Hafseer 3 weeks ago
    I thought I was about to be stuck with thousands of pounds worth of BTC on my laptop because I forgot my password after I wasted 2 BTC in a scam investment site but Michealmurphy@repairman.com was able to unlock it for me in under 12 hours. He also went ahead to recover the 2 BTC with accumulated ROI from the scammer’s wallet. It could not have been a better service. Huge relief is an understatement!
  • avatar
    i was deceived by an online scammer and i lost all my funds on my cash app but i  was lucky to come across   a recovery expert by the mail   zattrecoverypro1 @ gmail com and i was able to recover all  my lost funds all thanks to him and his team. if you have similar issues you can contact him and thank me later stay blessed
  • avatar
    Candice Stelian 1 week ago
    I lost my bitcoin because I fell victim to a spam email encouraging me to invest in a bitcoin company that was going to yield 100% profits in 2 months so, I invested $5000. When it was time to withdraw my funds, they asked me to pay $2000 to unlock my money which I did, I kept paying the fees they requested for until I could no longer take it, I got introduced to (ProAssetRecoveryExpert @ gmail com) recovery expert by my friend who eventually helped me.
  • avatar
    Candice Stelian 1 week ago
    I lost my bitcoin because I fell victim to a spam email encouraging me to invest in a bitcoin company that was going to yield 100% profits in 2 months so, I invested $5000. When it was time to withdraw my funds, they asked me to pay $2000 to unlock my money which I did, I kept paying the fees they requested for until I could no longer take it, I got introduced to (ProAssetRecoveryExpert @ gmail com) recovery expert by my friend who eventually helped me.
  • avatar
    Candice Stelian 1 week ago
    I lost my bitcoin because I fell victim to a spam email encouraging me to invest in a bitcoin company that was going to yield 100% profits in 2 months so, I invested $5000. When it was time to withdraw my funds, they asked me to pay $2000 to unlock my money which I did, I kept paying the fees they requested for until I could no longer take it, I got introduced to (ProAssetRecoveryExpert @ gmail com) recovery expert by my friend who eventually helped me.
  • avatar
    Candice Stelian 1 week ago
    I lost my bitcoin because I fell victim to a spam email encouraging me to invest in a bitcoin company that was going to yield 100% profits in 2 months so, I invested $5000. When it was time to withdraw my funds, they asked me to pay $2000 to unlock my money which I did, I kept paying the fees they requested for until I could no longer take it, I got introduced to (ProAssetRecoveryExpert @ gmail com) recovery expert by my friend who eventually helped me.
  • avatar
    Loretta J Cortinas 4 days ago
    Get your money back from scam Brokers online with the help Wizesafetyrecovery @ gmail com
  • avatar
    albertluster10 4 days ago
    Can your Scam Bitcoin be recovered? Yes, you can use the service of Wizesafetyrecovery@gmail.com
  • avatar
    Richard Baker 3 days ago
    I recently lost a whopping $132,000 to a phony binary option company, but all thanks to a recovery specialist by the name of ADRIAN LAMO with the email address HACKWITHADRIANLAMO @ GMAIL COM, Bitcoin is currently a no-brainer for me. I'm astonished at how he was able to recover the entire amount of money I thought was permanently lost. I feel responsible to inform the public about Adrian, a prodigious tech whiz who has truly saved my life.
  • avatar
    White Henry 3 days ago
    I was once in a situation where I saved my trust wallet logins on my Mozilla browser, which got hacked, and I lost about $84,000. However, thanks to the quick action of a recovery expert hacker named Adrian Lamo, who helped me recover everything I lost in just a few days after receiving my complaint on his official email (HACKWITHADRIANLAMO @ GMAIL COM), I was able to get everything back.
  • avatar
    Theresa Gates 3 days ago
    I'm really happy to see assessments about Adrian Lamo because, if I had to judge by myself, I'd say that he was either underestimated or too private to enjoy the kind of fame he deserved. He once assisted me in remotely hacking and spying on my partner's gadgets, and I'm still unsure how he manages to do it all; it all seems quite bizarre to me. Nevertheless, I'm grateful to have received excellent hacking services from him after sending a complaint to HACKWITHADRIANLAMO @ GMAIL COM
  • avatar
    Eva Davies 3 days ago
    Thank you for the recommendation of ADRIAN LAMO out here, he is truly a life saver.
    • avatar
      Genevieve 2 days ago
      Adrian Lamo indeed is a god of hack, I'm glad to have contacted him.
  • avatar
    I couldn’t bear the loss so I contacted Oscar White through a colleague at work who used his service successfully to recover and apprehend the scammers. I contacted him and sent all proof and evidence he was the one that saw me through my situation. You can contact him recoveryexperts80@gmail.com whats-app +1(562)2659318
  • avatar
    I couldn’t bear the loss so I contacted Oscar White through a colleague at work who used his service successfully to recover and apprehend the scammers. I contacted him and sent all proof and evidence he was the one that saw me through my situation. You can contact him recoveryexperts80@gmail.com whats-app +1(562)2659318
Search
Categories
Latest Post
Related Posts