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Quote from: kotajikikox on May 14, 2022, 11:09:42 PM

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

This doesn't end and sometimes it is annoying already but nothing much we can do about it and I think it's going to be boring if all are going to keep quiet. We still have a long way before halving so expect that more bears are going to come.

There is a strong support but will not stay forever , meaning we can see it last for at least week or Month , but never to take a long year .
because the market must move up and down for this to show its health and worth a trust.
because if this will become stable then what is the sense for this to be a trading material and place?
so let it move up and down and let us gain or sometime loses .

kotajikikox

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Quote from: kotajikikox on May 14, 2022, 11:09:42 PM

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

if this price stays at 30k within this week then yes this is the strong support but if we experience another dumping in the coming days then I think we will find our investment lowering to another 10-20% before the climb starts.

Quote

This doesn't end and sometimes it is annoying already but nothing much we can do about it and I think it's going to be boring if all are going to keep quiet. We still have a long way before halving so expect that more bears are going to come.

that is exactly what I am thinking that this will run till Halving in 2025 so maybe best to keep Buying instead of planning to sell.

cryptomaniac_xxx

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Quote from: EdenHazard on May 15, 2022, 06:26:02 PM

Quote from: kotajikikox on May 14, 2022, 11:09:42 PM

Quote from: SaveOurSea on May 11, 2022, 02:04:52 PM

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Still .. don't forget about how crazy bad moments happened in bitcoin .. in crypto space , despite yeah we as a believer won't have a single doubt about bitcoin vision for the future , yet an anticipation needed especially if you put your lifesaving in it , that is dangerous and should have a huge responsibility , otherwise you might ruining crypto even more in these difficult time.

enough people dreaming to become a millionaire overnight , crypto aren't a place like that. the bear might still dominating indeed but i see there is some huge attempt to break the current price range.

That will be the constant battle, some of us have seen worst, and yet we remain in the ecosystem despite this setbacks because we believed that bitcoin will eventually bounce back in the next couple of years.

I guess only thru experience that we will understand that crypto is not a get rich quick scheme. There are these so called influencers that they made a lot of money in crypto, but I doubt that they did it in short amount of time unless they did scam or run a rug pull.

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Quote from: kotajikikox on May 14, 2022, 11:09:42 PM

Quote from: SaveOurSea on May 11, 2022, 02:04:52 PM

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Still .. don't forget about how crazy bad moments happened in bitcoin .. in crypto space , despite yeah we as a believer won't have a single doubt about bitcoin vision for the future , yet an anticipation needed especially if you put your lifesaving in it , that is dangerous and should have a huge responsibility , otherwise you might ruining crypto even more in these difficult time.

enough people dreaming to become a millionaire overnight , crypto aren't a place like that. the bear might still dominating indeed but i see there is some huge attempt to break the current price range.

milewilda

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Quote from: 7788bitcoin on May 15, 2022, 05:18:15 PM

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Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

The support will only hold for so long unless there is positive news in the market but if the market sentiment is not great then you will see the support getting broken pretty fast.

Unlike in the past, now the cryptocurrency market is reacting to global financial market which is not a good thing personally but we have turned the cryptocurrency market into such level with the institutional investors and now the support depends upon other global factors as well.

Try to compare about TA effectiveness or precision on past years up to present which you could really able to tell that its precision do really comes even more higher just like when
you are doing trades on traditional markets which is something that technicals do really bite on even though not really that much but you could really able to tell the differences.
Fundamentals do significantly had been too obvious too on the sense that it do really mostly reacts whenever we do see some news or events.

7788bitcoin

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Quote from: kotajikikox on May 14, 2022, 11:09:42 PM

~
Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

The support will only hold for so long unless there is positive news in the market but if the market sentiment is not great then you will see the support getting broken pretty fast.

Unlike in the past, now the cryptocurrency market is reacting to global financial market which is not a good thing personally but we have turned the cryptocurrency market into such level with the institutional investors and now the support depends upon other global factors as well.

barbara44

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Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

Yes, I think there is no such thing as strong support because no matter how they claim that this price has the strongest support for btc, the price will still find a way to drop below their expectations. Maybe the price can stay at a certain position for a short period of time. Is that what they mean strong support? But, when the price drop again and stay there for a while, people will call that a new strong support.

This doesn't end and sometimes it is annoying already but nothing much we can do about it and I think it's going to be boring if all are going to keep quiet. We still have a long way before halving so expect that more bears are going to come.

kotajikikox

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Quote from: SaveOurSea on May 11, 2022, 02:04:52 PM

I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Wrong , it is not the strong support because we already see that bitcoin drops at 26k and now struggling to break 32k again.

But you are also correct that Bitcoin had survived all the bad thing happened since the creation ,

Bitcoin will stand strong in the next coming months though there are possibilities that this will took another year before the Mining Halving event happens, so let us see what is coming in our doorsteps .

jaberwock

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Quote from: Mahanton on May 10, 2022, 05:39:27 PM

There be always a sunshine after a rain, if you've been here on this market for a couple of years or for a while then these kind of conditions isnt something that could surprise us.
For those new people then they would really be having those normal kind of reactions on which they do really believe that this market might be over but knowingly that recovery could
really happen anytime soon.It is really just that too hard on when it would happen.We do keep guessing on what would be the possible bottom for this one.
You could really always see lots of speculations around.

This is the thing that I have been trying to tell people for a long time. I have seen plenty of falls, I lived through 2018 and I feel like that was much worse, and I am still standing and in profit right now thanks to all the things I did back then and since that day.

It means that sure the prices are low right now and people are feeling like they are not getting what they deserve, but at the same time it is not the first and certainly will not be the last. We will go up a ton, like I mean we will be 100k+ for sure, and then we will drop 50% again, and be like 200-250k one day, and drop 50% again, it will keep going but the end result is always higher than the previous one.

SaveOurSea

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I think Bitcoin can survive at $29k support, because Bitcoin has been there several times,
and many experts also say that $28k to $29k is the strongest support, but indeed anything can happen,
take care of your money management, and always plug it in. stop losing, we will see the bull market again and indeed it takes more time

Mahanton

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Quote from: lornadane on May 10, 2022, 12:28:59 PM

Quote from: Mamun74 on May 10, 2022, 09:51:53 AM

Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

Seeing the very complicated market situation now, it seems a bit difficult to expect that the price of bitcoin in November will rise again like last year.
But we must not give up hope and only think positive because every storm will pass as well.

There be always a sunshine after a rain, if you've been here on this market for a couple of years or for a while then these kind of conditions isnt something that could surprise us.
For those new people then they would really be having those normal kind of reactions on which they do really believe that this market might be over but knowingly that recovery could
really happen anytime soon.It is really just that too hard on when it would happen.We do keep guessing on what would be the possible bottom for this one.
You could really always see lots of speculations around.

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Quote from: Mamun74 on May 10, 2022, 09:51:53 AM

Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

Seeing the very complicated market situation now, it seems a bit difficult to expect that the price of bitcoin in November will rise again like last year.
But we must not give up hope and only think positive because every storm will pass as well.

Mamun74

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Bitcoin price already touched in 68k+ in 2021 but it early dropped in very next year.Bitcoin staying $40k around this year even April month bitcoin price was around $40k but this month bitcoin price dropped and hold $31k.I hope bitcoin price will be recover in november's month this year.But market condition very hard to predict bitcoin price. I hope bitcoin price will be more grow like 2021.

Franctoshi

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Honestly the Bears are really in total control there is no momentum in the market for the bulls to push the price back up taking a looking at the Volume.
Bitcoin is right now in a critical zone where we have a lot of accumulation ,demand and liquidity, if the Bulls fails to fight and keep hold of these levels,
I think a lot of traders will get liquidated because this is the last hope of the bulls right now.

Slow death

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Quote from: savetheFORUM on May 09, 2022, 06:02:52 AM

Quote from: aylabadia05 on May 09, 2022, 06:47:10 AM

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

I do not think that it will ever happen again. We are not going to be under 20k just like how we never went under 3k again after that 2017 increase. This new 2021 turned that 3k into 20 even 25k and we are not going to go down under that. I mean the amount of money that is getting bought up until that point is so huge that, it would require people to sell hundreds of thousands of bitcoins for us to go under that and I am not seeing that happening.

Maybe like if there is a whole bitcoin problem that everyone runs away from bitcoin and all, that could be a possibility, but most probably we are not going to see something like that so the price will stay 30k+ for the foreseeable future.

in the past the price dropped a lot after a big increase because people who already had a lot of profit started selling, but what we are seeing is something completely different, I think that this war that is affecting the traditional markets is also affecting the crypto market, everything is getting more expensive, people are selling their assets to stay with fiat, at this moment what is important to people is to be with FIat because it is safer in terms of volatility, that's why I think there's no way to predict how far the price may drop but if it drops below $28000 then we have to prepare to see the $20000, only if it drops below $20000 can we see the $10000. something I still think will be impossible to see

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Quote from: Ziskinberg on May 08, 2022, 10:07:26 AM

Quote from: aylabadia05 on May 08, 2022, 06:11:45 AM

But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

I wouldn't be surprise if it will rise to $40k again, but at the same time, I'm also not surprised if bitcoin will drop below $30k.
if we are talking of a bear market, anything could happen, bitcoin could dump even below $20k if it gets worse, but one thing is certain, bitcoin always bounces back and as the bull run will come, we can expect that a new ATH will be achieved again.

It may take time just like what happen in the past, so as they always say, patience is the key.

I would also never be surprised to see Bitcoin price fall and would be surprised when Bitcoin hits a new ATH. Bitcoin price is currently $32.8k which means it is experiencing a 5.66% decline in 24 hours.
Patience must be strong, because Bitcoin is the investment coin of the future. Only new people will panic when they see Bitcoin has not been able to cover the current decline.

Normally this will be the destination of bitcoin after reaching new ATH and since there's no huge news coming plus the fear factor is so high we might see bitcoin continue to decline. And what more worse is if bitcoin would touch at $20,000+ level for sure many people will get panic an think about that we might experience again the long bearish market day just like what happen before. Hopefully the price will recover and people will not get panic on this situation.

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Quote from: Ziskinberg on May 08, 2022, 10:07:26 AM

Quote from: aylabadia05 on May 08, 2022, 06:11:45 AM

But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

I wouldn't be surprise if it will rise to $40k again, but at the same time, I'm also not surprised if bitcoin will drop below $30k.
if we are talking of a bear market, anything could happen, bitcoin could dump even below $20k if it gets worse, but one thing is certain, bitcoin always bounces back and as the bull run will come, we can expect that a new ATH will be achieved again.

It may take time just like what happen in the past, so as they always say, patience is the key.

I would also never be surprised to see Bitcoin price fall and would be surprised when Bitcoin hits a new ATH. Bitcoin price is currently $32.8k which means it is experiencing a 5.66% decline in 24 hours.
Patience must be strong, because Bitcoin is the investment coin of the future. Only new people will panic when they see Bitcoin has not been able to cover the current decline.

savetheFORUM

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Quote from: kotajikikox on May 07, 2022, 08:37:37 PM

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

I do not think that it will ever happen again. We are not going to be under 20k just like how we never went under 3k again after that 2017 increase. This new 2021 turned that 3k into 20 even 25k and we are not going to go down under that. I mean the amount of money that is getting bought up until that point is so huge that, it would require people to sell hundreds of thousands of bitcoins for us to go under that and I am not seeing that happening.

Maybe like if there is a whole bitcoin problem that everyone runs away from bitcoin and all, that could be a possibility, but most probably we are not going to see something like that so the price will stay 30k+ for the foreseeable future.

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I'm sure the negative trend will end soon, there's a lot of panic when bitcoin prices continue to decline this week, but for those who want to make big profits then now is a good opportunity to buy.

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Quote from: Semar Mesem on May 07, 2022, 01:30:23 AM

It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

It has been seen above that 35k is still the strong hold , but of course we cannot predict what will happens next as we are still in Holding position when the market is showing weakness .
there are many investors that waits that sign to decide and if the price drops below 35k then surely they will full out their funds and the dumping continues .
But I still wanted to believe that there is something good cooking and will bring is good return.

The time where everyone is afraid of have come because the price finally falls below 35k. People aren't afraid with that for no reason but like what @Semar Mesem said, people will panic so price could plummet more.

You might still be holding but you cant expect that everyone else are doing the same but when the market is weak, others will feel the same, they will become weak too so the market becomes very vulnerable. When it comes to sign, a fall on the price like this, can be a good sign for some to start buying. I know this starts to become confusing but what can we do? This is just how crypto stuff works. Someone might be cooking right now but we don't know when it will finish but you can also cook on your own.

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Quote from: aylabadia05 on May 08, 2022, 06:11:45 AM

But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

I wouldn't be surprise if it will rise to $40k again, but at the same time, I'm also not surprised if bitcoin will drop below $30k.
if we are talking of a bear market, anything could happen, bitcoin could dump even below $20k if it gets worse, but one thing is certain, bitcoin always bounces back and as the bull run will come, we can expect that a new ATH will be achieved again.

It may take time just like what happen in the past, so as they always say, patience is the key.

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

Bitcoin always gives unexpected surprises even though the current condition of Bitcoin has no strength that can support its growth but I believe Bitcoin will be able to increase from the current price.

Since the beginning of the year, many thought that Bitcoin would reach a new ATH this year, but in fact Bitcoin up to this month has not been able to cover its decline as you say. But I'm sure that Bitcoin will increase to $40k in the next few months even though it's currently $34.8k.

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Quote from: kotajikikox on May 07, 2022, 08:37:37 PM

Quote from: Semar Mesem on May 07, 2022, 01:30:23 AM

It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

It has been seen above that 35k is still the strong hold , but of course we cannot predict what will happens next as we are still in Holding position when the market is showing weakness .
there are many investors that waits that sign to decide and if the price drops below 35k then surely they will full out their funds and the dumping continues .
But I still wanted to believe that there is something good cooking and will bring is good return.

Yes of course they are not going to waste this great opportunity to collect their bitcoins right now.
And now the signs that you said have been seen, slowly bitcoin may go towards the price of $ 30 thousand because today bitcoin has fallen a few percent more than yesterday's price.

kotajikikox

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Quote from: Semar Mesem on May 07, 2022, 01:30:23 AM

It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

It has been seen above that 35k is still the strong hold , but of course we cannot predict what will happens next as we are still in Holding position when the market is showing weakness .
there are many investors that waits that sign to decide and if the price drops below 35k then surely they will full out their funds and the dumping continues .
But I still wanted to believe that there is something good cooking and will bring is good return.

7788bitcoin

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~
Whale sales with wallet balances over 1,000 bitcoins have recently been recorded. More than 70,000 bitcoins have been sold. The slowing trend will continue, fundamentally now bitcoin, like many assets, is weak. Even gold is falling in price.

From where did you get these information about a thousand Bitcoin being sold in the past few weeks. May be it is possible but the financial situation globally will trigger these sentiments to investors for an asset everyone chastised as a store of value for years. With this are you certain that the title of store of value for Bitcoin is vanishing and is entering a speculative realm Wink

.

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I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

As said $20k isn't possible, but we can't be sure of it. The market showed a flash growth reaching close to $70k all of the sudden. By the time there were not much of market bouncing events happening around, but the growth happened. Similar to that a crash too can happen, and now the short term market decline is connected with the short term holders sell off. Maybe if the long term holders go on sell off this could happen, but long term holders consider the moment for accumulation than selling.

Baofeng

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Quote from: 19Nov16 on May 03, 2022, 09:14:57 AM

I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Not so fast. The fall of bitcoin below 20,000 is a very long process, it is unlikely to happen at all this year, although I am not sure that it can happen at all. These are too strong fundamental price levels and they obviously will not break through the market very quickly. I don’t know if there will be a need for either some super powerful event, like the March flash-crash 2020, or a very strong disbelief of investors who will get rid of bitcoin at a faster pace.

Possible, but as you have said, this could be the final capitulation if ever for bitcoin. The flash crash in March 2020 was due to the global pandemic, but since we have bounce back from that, I'm not seeing any scenario like that in the next 2 years of this bear market. Most likely though the war will have it's effect on the market specially if it will continue for the next coming years.

uneng

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The bearish trend will last until the US market breaks, what is inevitable, since they have adopted the same economical policies of third world countries which raise interest rates artificially in order to create temporary financial opportunities and wealthy in the country.

Big businessmen and investors, however, aren't concerned about the long term impacts. They are like grasshoppers, devouring everything on their way, and once an area is entirely drained, they find somewhere else to feed themselves from (that is when crypto environment will become the favorite alternative once again).

Unfortunatelly on medium run, I see no promising hopes for bitcoin, because Federal Reserve is determined to put USA in a several crisis, dropping the economy in the mud. As we can see interest rates were raised in 0,05% already and there is more on the way. Investors will milk maximum as possible from this "ponzi scheme" for now, but good news is that once it's over, bitcoin will enter a new bull run!

The Fed just hiked interest rates and signaled more increases are coming. Here are money moves to make now

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It's been a really tough few days for us, the price continues to decline and now it's around $35k, if the price drops below $35k then I'm sure the opportunity to continue to fall will occur again, many panicked because they saw the fact the price was not in line with expectations, and we better have to be patient than someday will regret.

ethereumhunter

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Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

If this is the case, we will see the bitcoin price going the same way it was 4 years ago and possibly the bitcoin price going back down deeply. But hopefully, bitcoin will not go down too deep because the situation is different from the previous 4 years. Bitcoin will surely pass $55k again, although we know when so we should always be prepared for that moment. But by the time bitcoin tries to cross $55k, altcoins will also be on the rise and as we already know, a lot of altcoins will hit the last ATH.

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Quote from: Silberman on May 01, 2022, 01:36:41 PM

Quote from: Ziskinberg on April 29, 2022, 06:14:16 PM

Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

On the contrary, after more than a week, it seems that the bears are now in total control of the market as the price sinks deeper to $35k.

So even if there is a positive news, there is no stopping the bears for pulling the price down. And it should dawn on us that we are indeed in the bear market so it's hard to go against the flow because we are going to lose money. Better to accept the market conditions and make adjustments or better yet buy at this dip.

STT

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I thought the trend was longer then just this year. The way the trend can be drawn will vary, what I've been told to do is find the trend with the greatest number of common points. So a trend matching 6 weekly lows should surpass 2 weekly touches etc in order of preference. For that reason I do think this current trend goes back into 2021 and is perhaps more important, also I would expect we have to check it from the underside and find it now a ceiling. When we have discovered resistance then it will probably accelerate the downside effects, if that occurs of course.

Chato1977

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Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

Sad but True , now we finally drops down to 35kish in which a proof that we are bearishness now and sign of lowering market capitalization .
with this I am starting to believe that price will go down below 30k or even below 20k in this quarter and in the next.

Tellek Garing

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Bitcoin touched the 35k region this week just as you rightly predicted before it rebuild back to 36k and have being struggling to remain at that price, but the present market situations is pointing to a direction of more downtrend movement and worst case scenario we may see Bitcoin pulling down to 30k even below before the end if the first half of the year 2022.

carlfebz2

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Quote from: 19Nov16 on May 03, 2022, 09:14:57 AM

Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

We do have different approach in regarding with the current price specially on bear market times and it is indeed true that there are really years which the market is something cant really be able to move

on what we do really have in mind.We can say that its a long time bear market running but its actually moving sideways which is something not very new into this market to happen.

Bear market or sideways movement then there's nothing we can do but to anticipate that price moves on random ways then we can say or do keep eye on this possible movements to happen.

19Nov16

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Bears have happened more than 6 months since ATH last November, this makes a lot of speculation that Bitcoin will repeat bad trends every 4 years when the previous year's price pumping will occur dumping, this makes me not have a big target with bitcoin, if the price can pass $ 55k then I will sell around 60% and divert to Altcoins.

7788bitcoin

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Quote from: Silberman on May 01, 2022, 01:36:41 PM

~
Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

What if the whales are having a controlled market so that they would cash out when the price rallies and they would not sell off all the coins so that there is a entire market crash. We are seeing that the price is moving in a range for a while and who knows who price ranges are not manipulated, just to put in another theory Wink

.
Third World countries integrating Bitcoin to their economies might not get the intended result like we expect because it is a more complex situation.

Silberman

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Quote from: Ziskinberg on April 29, 2022, 06:14:16 PM

Quote from: Zanab247 on April 29, 2022, 11:08:27 AM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

Bears are still in control of the market but at least it does not seem as if they are in complete control of the situation and they cannot make the price of bitcoin to crash at will, I also think that positive news have slowed down the bear market as it seems more countries are interested in integrating bitcoin to their economies, and the more adoption that we have the more resistant bitcoin will become to the selling pressure coming from the bears.

the ghabbar

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Futiracoin.com

Quote

Its very clear that bitcoin doesn't have strong momentum to continue making progress and that image can really tell how its gradually getting weaker this month, where in despite of some good news it continue falling and broke the current support..

So i don't think its possible to see bitcoin good performance this month or next month, especially on its current structure that obviously a bearish trend.

I agree with you, because this month of April is coming to an end tomorrow which will be difficult for people to embrace massive bull from the market. This bear market will continue till next week because the price is still low for people to sell to make a good profit that will help them to feed their families. I think bear market will only demonstrate this month because the price of bitcoin is about to move higher for long term investors to smile again in the community.

April is not the month that is expected by some people who invest in bitcoin, because this month bitcoin does not provide such maximum returns, but I believe that in the future bitcoin will return to a better path, because the market has shown a slow bullish point, although not yet stable and as fast as possible the price increase against bitcoin

Ziskinberg

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^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

I hope you see what really happens to the market now and are able to check the market history in order for you to know that we reach $34k last February this year, which was the ultimate low ever recorded as of this year. I hope this never happens again but can't also neglect any possibilities that this may come any time.
I'm not going to say this was because of the war, so many factors that could affect but what I see, is this year 2022 is not a good year for crypto, were done with the bullish season, I guess we face another bearish life of crypto.

Zanab247

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Catalog Websites

Quote

Its very clear that bitcoin doesn't have strong momentum to continue making progress and that image can really tell how its gradually getting weaker this month, where in despite of some good news it continue falling and broke the current support..

So i don't think its possible to see bitcoin good performance this month or next month, especially on its current structure that obviously a bearish trend.

I agree with you, because this month of April is coming to an end tomorrow which will be difficult for people to embrace massive bull from the market. This bear market will continue till next week because the price is still low for people to sell to make a good profit that will help them to feed their families. I think bear market will only demonstrate this month because the price of bitcoin is about to move higher for long term investors to smile again in the community.

Eternad

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Quote from: ultrloa on April 25, 2022, 06:59:02 PM

^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

It's too difficult to know whether the market will start to pump again, it is now below 40$ and the price keeps on dropping since there a no news that will motivate it to move upward. All time high may not be possible this year but in the last quarter of the year probably there will be some changes that can make bitcoin push it's price near the recent ATH price, it still far for the last quarter of the year where prices much higher so for now I just keep on buying in dip and monitors when I can trade it to at least gain a profit at these bear market we're experiencing.

Dave1

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^^ I didn't see the price dropping below $30k this year, maybe what you meant is below $40? Anyhow this year is going to be very hard for us, specially if you just enter the market this year because the price will continue to decline because of factors like the war in EU and the whole geo-politics that was brought about. However, I'm not seeing any crash yet, it seems to me a normal retracement after reaching a all time high last November.

Natalim

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BTC to the MOON in 2019

The month of April still stabilizing a declining trend...

We've seen such momentum keep alive and even likely push it down close to $30k. We once drop below $30k this year and this might be possible to happen again. I'd see how the war has been affecting the market unlike how the pandemic gives impacted, it is very opposite in direction. And I hope this could not create panic selling or else, we experience an absolute downfall like 2018.

Silberman

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Quote from: Silberman on April 25, 2022, 01:46:29 PM

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

If they are at loss then provably they will not sell it but rather than buying again then wait for profit to come, but we cannot also deny that there are institutional investor know what they are doing and cut loss is one of the best method they do to counter their losses then but back again when there's opportunity to buy some at the dip.

While it is true that one of the most basic trading tactics is cutting your losses, it comes to a point in which you are so invested in an asset that in fact it makes more sense to do the opposite and instead increase your position and defend the price, and I think that is what is happening here, we all remember the crash that happened at 2018 and it was way more intense than what we saw a few months ago, so what was the difference? And I think institutional investors were one of the most important reasons on the change we saw on the behavior of the market.

pooya87

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It is very interesting to see the constant attempt to artificially push the price below $40k and keep it there despite the market's real behavior. The amount of shorts during these attempts is just too obvious that for some weird reason a bunch of people are taking huge risks to "crash" the market and continue to fail.

What's I'm curiously watching to find out is whether their accumulated losses would end this attempt or their continued push would finally succeed and the actual "crash" happens.

bitterguy28

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“FRX: Ferocious Alpha”

Quote from: magneto on April 26, 2022, 04:22:54 PM

This wannabe's crash where everyone is bearish and fearful is hillarious Grin

You cannot take that from Newbies and for those who had invested inside market and longing for income in not so long time .
that is also the world of crypto that when there is an increase? people is happy and when there is a decrease then there will be a panicking .

Yeah definitely.

I think that given the macro environment it will be very difficult to see a push in BTC price any time soon.

It is obvious that rates are going to continue to rise and the hype in the crypto markets have died down quite a bit. I do expect a sub-$30k bitcoin very soon, when central banks around the world hike their interest rates once more. This is not to say that it's not a great buying opportunity - it certainly is.

Good argument and there is something good to expect , and that is take the advantage to buy when the price drops down to below 30k.

MinMan

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Quote from: dunfida on April 25, 2022, 04:58:18 PM

If those big investors or institutional funds would be crossed out into this market then expect that there would be a crash and lets just accept that fact since they are the ones who do have bigger part in overall

circulation that we do have today which it would really be that normal that they would be holding off their positions and able to retain for them not to lose that much but actually we dont really have any idea

on what price point or levels that t hey had able to accumulate or trying to hold on.For now we are playing around 30kish or 40kish price which its really hard to determine on what would be
the possible price movement imho.

Big investors have a big goal so no they won't just sell early and there's no way that they will sell now, that the market looks like this, it's still in bad shape but for the retail investors, it's okay for them to sell because some of them are not that serious investing for longer terms and they are the ones that are afraid when they see that the market is declining continuously, that gives them a reason to sell.

Price didn't crash heavily because we haven't been a bull market yet but you will see soon that this situation won't differ from the previous situation where there was an ATH but whatever the market will be, we have no choice but to accept it.

Fundamentals Of

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Quote from: South Park on April 25, 2022, 11:40:00 PM

Quote from: Fundamentals Of on April 25, 2022, 09:49:54 PM

Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

The worst has passed already, I can see why traders are mad about this ranging market that we are witnessing, but there is not much room for bitcoin to keep going down, going below the 30k barrier is not going to be easy and the pressure of the bears will have to be massive to see anything remotely close to that, after all they will have to exhaust the buying pressure coming from retail and institutional investors, something not easy to do with a price that low.

That's what I'm hoping for. That's what I am also seeing. But we all know that Bitcoin's price has always been unpredictable. What I was thinking is that if the bears are still very much around and could still pull the price down much lower, the range from $40,000 to $30,000 is not that small. I guess $10,000 is more than enough room for the bears to play around. After all it is not going to be a free fall most probably. There will definitely be short green candles in between longer red candles.

STT

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Potentially a nasty downturn is transpiring but Im not yet sure if its a test or a sell. Respect the trend is usually the correct path and trend longer term is upwards. However we do have undue pressure from strong dollar which makes a sell far easier then normal. 39k or above is required closing today and ongoing to decline the outcome downwards.

Failure at the weekly average, harsh sell and a fast retest gives too many excuses for sellers, still I think we are fine longer term.

coolcoinz

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This wannabe's crash where everyone is bearish and fearful is hillarious Grin

Last time the US closed borders because of covid we had a crash.
Now that a country with nuclear potential is at war we can expect anything.

I'm not bearish, but trying to be objective here.
Nasdaq is at its lowest point since March 2021.
USD is at its highest prices since 2017 and we all know what happened with Bitcoin in 2017.

magneto

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Yeah definitely.

I think that given the macro environment it will be very difficult to see a push in BTC price any time soon.

It is obvious that rates are going to continue to rise and the hype in the crypto markets have died down quite a bit. I do expect a sub-$30k bitcoin very soon, when central banks around the world hike their interest rates once more. This is not to say that it's not a great buying opportunity - it certainly is.

Quidat

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Quote from: stompix on April 22, 2022, 11:35:52 AM

This wannabe's crash where everyone is bearish and fearful is hillarious Grin

Very common kind of reaction on where people do really freak out on these kind of times on where prices are declining and instead on accumulating cheaper coins they are really having that kind of hesitation
which is understandable but only the risk takers would be the one would really be seeing these things to be the right spot for them to make a move.We dont actually
know on whats the solid reason behind but we could attached up things like news and sentiments around.

coolcoinz

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For the next 3 months, probably the best plan is not to care about the price that much, small talk is ok but leverage trading not so much.

I expect this to take more than 3 months and here's why.
Bitcoin is pretty strong by itself, but influenced by rate adjustments, US stock indexes and war in Ukraine. USD is pumping which is always bad for BTC, we don't know what stocks will do, many people are staying away from investments and holding cash instead (or are forced to sell because their credit rates went up by 50%). We will be facing 30-50k swings for a year if Russia keeps bullying Europe and inflation reaches highs. If Stocks crash it's going to get much worse.

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Quote from: Ararbermas on April 26, 2022, 06:16:09 AM

Its very clear that bitcoin doesn't have strong momentum to continue making progress and that image can really tell how its gradually getting weaker this month, where in despite of some good news it continue falling and broke the current support..

Wrong , it is not getting weaker this month because remember that the price reached almost 50k early this month so dont talk as if April really makes the price drops.

but indeed that there are a small decline happen late this month.

Quote

So i don't think its possible to see bitcoin good performance this month or next month, especially on its current structure that obviously a bearish trend.

I assume that the next month will maintain this position as the last quarter should be the decisioning months of the year.

Ararbermas

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Its very clear that bitcoin doesn't have strong momentum to continue making progress and that image can really tell how its gradually getting weaker this month, where in despite of some good news it continue falling and broke the current support..

So i don't think its possible to see bitcoin good performance this month or next month, especially on its current structure that obviously a bearish trend.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Fundamentals Of on April 25, 2022, 09:49:54 PM

Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

The worst has passed already, I can see why traders are mad about this ranging market that we are witnessing, but there is not much room for bitcoin to keep going down, going below the 30k barrier is not going to be easy and the pressure of the bears will have to be massive to see anything remotely close to that, after all they will have to exhaust the buying pressure coming from retail and institutional investors, something not easy to do with a price that low.

Fundamentals Of

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Quote from: adaseb on April 25, 2022, 09:32:41 PM

This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

Don't you think the bottom was already reached near $30,000? Is there really enough basis to think that the $30,000 wasn't the floor yet and that the price could still go down much further hitting the $20,000 area? To my mind, this sideward movement just around the $40,000 level speaks of Bitcoin's breaking away from the bears and while the bulls are not yet coming back, the worst thing that could happen is that the price would fall down to the bottom $30,000.

adaseb

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This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

ultrloa

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Quote from: Silberman on April 25, 2022, 01:46:29 PM

Quote from: Silberman on April 25, 2022, 01:46:29 PM

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

If they are at loss then provably they will not sell it but rather than buying again then wait for profit to come, but we cannot also deny that there are institutional investor know what they are doing and cut loss is one of the best method they do to counter their losses then but back again when there's opportunity to buy some at the dip.

STT

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Theres a good chance today its turning around. Just staying still at this price while other markets are negative is quite positive comparatively.
We're sitting just below the 7 day average:

Respecting longer term trend, reasonable momentum from that 38.2k low. If we can trade and stay above 40.5k for 4hr bars then into a daily closing bar, conclusion can easily be positive going forward. It will be hard to progress in these 40k ranged prices but overall BTC continues to do decent work vs a strong dollar background.

dunfida

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On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

If those big investors or institutional funds would be crossed out into this market then expect that there would be a crash and lets just accept that fact since they are the ones who do have bigger part in overall

circulation that we do have today which it would really be that normal that they would be holding off their positions and able to retain for them not to lose that much but actually we dont really have any idea

on what price point or levels that t hey had able to accumulate or trying to hold on.For now we are playing around 30kish or 40kish price which its really hard to determine on what would be
the possible price movement imho.

Silberman

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Quote from: Reid on April 24, 2022, 11:52:06 AM

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

I also do not think that institutional investors are interested at all in selling under the current conditions, and if anything I think they are interested in stockpiling all the bitcoin they can at the current prices, this is one of the reasons why the price did not crashed as much as it did during the previous ATH, as those institutional investors are adding much needed demand and every single time the price goes below the 40k level they take advantage of it and buy some cheap bitcoin.

Baofeng

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This ain't good sight for every Bitcoin investors. I don't like it but I accepted it.
Remember the past. That's what always comes out of my mind whenever a bear happens. Before, there's not even a single light in the darkness. We don't expect much. We are not spoiled brats.
But fuck me, ever since the $60k mark was reached we are all expecting higher number. Ain't we fucking greedy human beings? I like this number, and I don't expect more. Maybe it's not yet time for a new bottom. If $35k or $30k is the new one then so be it, it's still better than last year.

Yeah, it's the cycle that we need to understand, conformed and adjust. No body wants to see the price going down hard in the next 2 years or so, but for those who have seen in before, it will be a long and hard.

So the best thing to do is really have that patience, again if we have experience it, then we know what to do during this bear market.

Reid

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This ain't good sight for every Bitcoin investors. I don't like it but I accepted it.
Remember the past. That's what always comes out of my mind whenever a bear happens. Before, there's not even a single light in the darkness. We don't expect much. We are not spoiled brats.
But fuck me, ever since the $60k mark was reached we are all expecting higher number. Ain't we fucking greedy human beings? I like this number, and I don't expect more. Maybe it's not yet time for a new bottom. If $35k or $30k is the new one then so be it, it's still better than last year.

GreatArkansas

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

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What awaits bitcoin in the medium term, at least in the next 3 months?

Very good question, what I noticed for the past few months is when the monthly candle close is fast approaching (every end of the month) that's the time I can see huge volatility in the price of the market. For example, a lot of huge candlewicks, pumps, or dumps in a short period of time.
Another thing is multiple times $50,000 is always rejecting so it's a sign for me that I am still bearish on Bitcoin for mid term like in 3 months, but not that so, what on my thoughts is sideways, we are more on sideways, just like $30,000 - $40,000 is a safe level for me.

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Quote from: eaLiTy on April 23, 2022, 06:35:16 PM

Quote from: Yamifoud on April 23, 2022, 04:45:12 PM

I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

The institutional investor who invested billions in the market has the upper edge here as they have the ability to control the price and if they start a massive sell off you would see the market going down rapidly, but from what i understand they are booking their profit whenever the price reaches around $45k and then the rinse and repeat method.

The positive aspect is that after every minor correction the market is recovering within a short period of time and we will be seeing this trend for a while.

On the contrary, I believed that institutional investors are not selling at his market price. It could be that the selling pressures is coming from retail or day traders who are playing the market to their advantage. Good thing is that the market is still above $39,000 good sign that the bulls is still inside and could be buying at this price and then speculators scalping for easy but small profit.

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Quote from: Yamifoud on April 23, 2022, 04:45:12 PM

I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

The institutional investor who invested billions in the market has the upper edge here as they have the ability to control the price and if they start a massive sell off you would see the market going down rapidly, but from what i understand they are booking their profit whenever the price reaches around $45k and then the rinse and repeat method.

The positive aspect is that after every minor correction the market is recovering within a short period of time and we will be seeing this trend for a while.

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Quote from: Odusko on April 23, 2022, 06:00:56 PM

Bitcoin is wearing a bullish look in a bear market conditions, and the next 3 months can be undecided and unclear to many market analysts but for prediction, the price may raise $50k region

What does it mean? It is clear that we are in the bearish trend, the price of BTC has dropped much since its new ATH. $68k t0 $39k, the drop is nearly half of its new ATH. I am not sure how fast Bitcoin to increase again above $50k, but surely not impossible to see that price level again in the next 3 months.

Quote from: Odusko on April 23, 2022, 06:00:56 PM

but am optimistic about the fact that new price record will arrive before the end of this year's 2022.

New ATH before the end of this year?
To be honest, I doubt it. I assume it needs a longer time to recover and creates a new ATH. Mostly a new ATH to be achieved in the Bullrun season. Since it just ended last year, it probably takes more than 3 years to have another ATH.

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

What awaits bitcoin in the medium term, at least in the next 3 months?

Bitcoin is wearing a bullish look in a bear market conditions, and the next 3 months can be undecided and unclear to many market analysts but for prediction, the price may raise $50k region and it may remain like that all through the second quarter of the year but in the last quarter a new all te high may be witnessed what price that will be is unpredictably impossible but am optimistic about the fact that new price record will arrive before the end of this year's 2022.

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I'm afraid, however, this is really how the market works. We can neither stop the price from going down as we are not in control of it but just like the old times, this declining sentiment certainly be taking sometimes after bullish and I assume we have been aware of this making us not to worry anymore.

We have seen that we even touch $35k early this year, it is possible we're getting back to that but not I'd see it drops down below $30k.
Holding seems that helps the market not go down fast and helps it to stop as the selling demand will be cut.

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Thats just a few days worth of prices, we've been going sideways quite alot. I would conclude that price action as still positive while we are under alot of pressure from a resurgent Dollar index which has returned to its highs of the first pandemic sell off when BTC was far less then quarter of prices now.

Here is dollar index or DXY, its only a FIAT measure but since BTC price has dollar denominator its surely some indicator of bias to direction. We have global events producing dollar demand not usually helping BTC pricing.

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Quote from: Symmetrick on April 22, 2022, 11:16:32 AM

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

From what I found out, if only it is true. The price of bitcoin getting higher as of April 2022 compared to the November 2021 fall down of price. Although the price of bitcoin is unpredictable. What bored me the most is, why bitcoin price comes down to this very low level when the system is decentralized?

As of early 2021, the price of bitcoin was high but late 2021 the price came down. The price is unstable from onset. The following information shows the prices of USD to a bitcoin from 2013 to 2022
https://www.statista.com/statistics/326707/bitcoin-price-index/

I believe bitcoin price will still rise up even though it takes time to increase it price. But the particular time to be rising the price is unknown. Because in any market, the prices of goods and services are not stable. But I want to know something. In other countries, dollar determine the prices of the fiat currencies exchange rate. In bitcoin, which Currency control it that making it to be devalue?

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