If bitcoin fails to maintain its $38k price range, it could drop to $32k in the near term.
Why it should drop to $32k? I don't think it will drop to $32, but $35 is possible. However, the price of Bitcoin is increasing right now, it even goes to $40k. Why do we predict the price to drop to $32k? I am thinking that the price of Bitcoin to have the chance jumping to $45k again after its sideway several months. In the current 2 months, Bitcoin price is around $38k-$40k. If there will be good news about crypto or Bitcoin in the next few weeks or months, I assume the price of Bitcoin may jump to $45k again.
Bitcoin price is currently in the $21k area buddy. I don't see any sign that the bitcoin price will hit $40k again this month because the negative sentiment in the market and the large increase in interest rates have greatly contributed to the decline in the bitcoin price.