Bitcoin Finally Climbs Back Above $50k, but can it Remain there? - page 4.

davis196

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Quote from: GreatArkansas on December 13, 2021, 07:28:54 PM

Very crucial for Bitcoin right now plus the last month of the year. This is like opposite of what happened in December 2017 or could be the same. Before we experienced a huge dump but after that, strong bounced back and made an all-time-high last 2017 December.

This month will be the deciding month. $40,000 is the next support for Bitcoin for me, when $50,000 support broke, it become a resistance, bears are too strong.

The current situation on the Bitcoin market might be similar to December 2018.
The BTC price dropped to 3-4K back then(but it recovered to 8-10K USD during the spring of 2019).
Of course,the price won't drop to 3-4K USD now,but 30-40K USD is really possible.There's no reason for panic.Many traders are still profiting,the dollar cost average of every BTC trader is more important than the current BTC price.Many traders will be selling some BTC and there won't be enough buyers during the holidays.That's why the market will be bearish in the next few weeks.
I do expect the price to recover after the winter(if there's no massive FUD in the first quarter of 2022).

GreatArkansas

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Quote from: STT on December 13, 2021, 07:00:45 PM

We are likely to check lower prices, thats the way its looking right now. I see a range bound trade but at the very best that means we bounce off both sides of that box enclosing price action at present, bottom and top prices checked.

Very crucial for Bitcoin right now plus the last month of the year. This is like opposite of what happened in December 2017 or could be the same. Before we experienced a huge dump but after that, strong bounced back and made an all-time-high last 2017 December.

This month will be the deciding month. $40,000 is the next support for Bitcoin for me, when $50,000 support broke, it become a resistance, bears are too strong.

STT

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We are likely to check lower prices, thats the way its looking right now. I see a range bound trade but at the very best that means we bounce off both sides of that box enclosing price action at present, bottom and top prices checked.

sheenshane

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Quote from: StreakW on December 13, 2021, 08:03:12 AM

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for.

The reason why the price keeps dropping is because of the FUD that keeps spreading, it was small investors who were afraid to lose their investment. Once they heard a short correction, they quickly pulled out their investment and convert it into fiat.
Some reason that I have doubt that there's a long price correction because of a long panic selling and didn't quickly recover because of this scenario.

But I didn't expect that there's a big downtrend this year, I still saw a healthy market that could probably the price will increase by next year. It's pretty normal during this season Bitcoin will drop due to the yearly activities.

StreakW

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Quote from: palle11 on December 08, 2021, 12:08:07 PM

Quote from: hd49728 on December 08, 2021, 06:56:41 AM

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

A trader does not fear volatility, bull or bear if you have the right strategy to spot the trend. I only know that having a good stoploss strategy can help. The fud is that of uncertainty of the direction of bitcoin price by the end of this year but that fear should be for hodlers and not traders, therefore price recovering at$50k and above two days ago, dropped yesterday and went back up to $50k above is good for traders who are spoting the resistance and support levels, those are what matters for traders but not exactly same for hodlers.

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for. Some traders must have panicked and quickly sold it with the aim of not experiencing big losses. Well, a situation like this will make us confused and lead to regret. In order for us to remain calm when the price of bitcoin drops drastically, we must be able to be mentally and psychologically strong so that we do not easily panic and get carried away by emotions.

fullhdpixel

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Quote from: wikikoin on December 08, 2021, 05:53:37 AM

The drop finally finished in late July, after BTC dropped to $29k for the first time since the first days of January. Fortunately, the coin found a strong support level here, which allowed it to launch another recovery, and then a brand new rally that took it all the way up to $68,000 per coin. This new milestone was reached on November 10th, after which the coin once again saw a correction that took it down to $45k in early December.

But, Bitcoin started recovering once again in the last 7 days, which brought it back to $50,000, and even to $51k, which is where it sits at the time of writing.

You need to understand that bitcoin doesn't need to go up all the time, it could have ups and downs and it could do this all the time. We are talking about something very special here, bitcoin is a volatile thing and that is how we make our money. You buy when it goes down and you sell when it goes up.

I am personally a long term investor so I do not care about these small ups and downs to be honest but the market does, the market has so much volume that every single dollar dropped is a buck goes into someone's pocket and goes out of someone else's but that guy who lost money could make it back if he knows what he is doing. All in all traders will love bitcoin only if it is volatile like this, if we weren't then we wouldn't be loved this much around here and everyone would move to stocks or gold and just make boring money. If you want to make 2x in a year, you have to accept being a bit volatile.

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Quote from: el kaka22 on December 10, 2021, 02:41:24 PM

Quote from: buwaytress on December 09, 2021, 08:57:46 AM

I realise how silly even I sound trying to make sense of where we're going Wink

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

Yeah, it's one of two things I "rely" on when weighing in on the confidence of my predictions. And every time we see such thin trading volumes, can't help but think the bears/bulls are waiting in the wings. Used to feel that weekends are when they let the dogs of war out but as we can see today...

Quote from: STT on December 10, 2021, 05:30:52 PM

A good way to judge this would be the area between the 50 day descending and the 200 day average underlying the lows. When the two become far closer we are invariably going to get a break out of price action, till then a range is likely to establish.

This being the other thing for me: 200MA. It hasn't always done as expected this year but I generally expect support around it or a strong bounce if broken -- in a rally anyway.

Beparanf

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Quote from: Yaunfitda on December 11, 2021, 01:53:55 AM

Quote from: harizen on December 10, 2021, 04:50:57 AM

I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

It's because $50k is the biggest barrier right now, so that number is critical, and for us to remain in the bullish sentiments, we need to go past that and maintain.

Most of the 00's price is a psychological barrier especially if there's a confirmed trend like the bear trend that we are experiencing right now. This prices are always significant because most of the traders considered it as support or resistance so breaking it will result to more pump or dump depends on trend.

It's normal to see people panicking once the price hit it during the dip because more traders will sell off once the price is trading below an old support that turns to resistance.

Yaunfitda

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Quote from: harizen on December 10, 2021, 04:50:57 AM

I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

It's because $50k is the biggest barrier right now, so that number is critical, and for us to remain in the bullish sentiments, we need to go past that and maintain.

Quote from: harizen on December 10, 2021, 04:50:57 AM

With the volatile market, we can always expect that there's always an attempt for a downtrend even amid a strong dominance and we already witnessed that many times. For speculators, a close to $100,000 is always what they wanted but this dip reminds us that we can't expect a continuous bullish trend for long. It's good for those who think who are left behind as the opportunity to buy at the dip is now a long wait.

You are right the market is very volatile that's one nature of bitcoin. However, we didn't expect a big downtrend as historically December has been very bullish. And there are even projections and speculations that $100k can be achieved, hence S2F modelling become well known in the bitcoin space.

STT

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A good way to judge this would be the area between the 50 day descending and the 200 day average underlying the lows. When the two become far closer we are invariably going to get a break out of price action, till then a range is likely to establish.

freedomgo

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Quote from: el kaka22 on December 10, 2021, 02:41:24 PM

Quote from: buwaytress on December 09, 2021, 08:57:46 AM

Quote from: Jating on December 09, 2021, 05:55:59 AM

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

Not easy to speak at any time, really. Everything's just too finely poised at the moment. Too little volumes in either direction to dictate something of a weekly permanence even.

Not even enough of any inclination to say bull trap or otherwise. This is when either sub45k or post 55k is the marker for the next month's move.

Or we wait for another weekend effort.

I realise how silly even I sound trying to make sense of where we're going Wink

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

I believe that we are going to end up going higher, but we do not have the volume to prove that right now, nothing in any chart could back this suggestion up because even if it did look like that, it would be based on little volume and if some big wave came in and crashed the price then I would be wrong. Same could be said for going down as well, all in all there is nothing we could be considering as a clear direction as of right now and that’s all because people are not doing big volume moves just yet. So, you are right and sound totally correct.

I believe when you see the market is very unstable, you would not want to perform such activities because that will only mean failure in the end. So its best to stay calm and continue monitoring the events in the market because that will mostly affect the current market condition. Bitcoin at the moment is still at $48,221 and it can go even lower than that once the correction pushes through. But in the end, i know bitcoin won't always stay dumping and will always recover in time. Eventually, if there will be positive updated news that will seriously affect the market, then that will boost the momentum of bitcoin and the rest of established altcoins.

el kaka22

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Quote from: buwaytress on December 09, 2021, 08:57:46 AM

Quote from: Jating on December 09, 2021, 05:55:59 AM

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

Not easy to speak at any time, really. Everything's just too finely poised at the moment. Too little volumes in either direction to dictate something of a weekly permanence even.

Not even enough of any inclination to say bull trap or otherwise. This is when either sub45k or post 55k is the marker for the next month's move.

Or we wait for another weekend effort.

I realise how silly even I sound trying to make sense of where we're going Wink

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

I believe that we are going to end up going higher, but we do not have the volume to prove that right now, nothing in any chart could back this suggestion up because even if it did look like that, it would be based on little volume and if some big wave came in and crashed the price then I would be wrong. Same could be said for going down as well, all in all there is nothing we could be considering as a clear direction as of right now and that’s all because people are not doing big volume moves just yet. So, you are right and sound totally correct.

harizen

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I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

With the volatile market, we can always expect that there's always an attempt for a downtrend even amid a strong dominance and we already witnessed that many times. For speculators, a close to $100,000 is always what they wanted but this dip reminds us that we can't expect a continuous bullish trend for long. It's good for those who think who are left behind as the opportunity to buy at the dip is now a long wait.

People should now act if they want to get in or else, they will stuck again at the moment of waiting for the next dip once the bullish trend happened again.

sunsilk

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Quote from: $crypto$ on December 09, 2021, 03:11:44 PM

Quote from: sunsilk on December 09, 2021, 03:04:20 PM

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

I think we should be more prepared if the market continues to sink. Just as what we're seeing today, it's very likely that this might continue and would be possibly reaching $45k anytime now. We do say that it's good to buy whenever the market falls like this because it really is.

And those that see the opportunity during this dip, they're the ones that are taking advantage of it and we're one of them. If you still don't think that this is the fall and there can be a lower price soon, do DCA.

dunfida

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Quote from: Vaculin on December 09, 2021, 04:42:26 PM

Quote from: $crypto$ on December 09, 2021, 03:11:44 PM

Quote from: sunsilk on December 09, 2021, 03:04:20 PM

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

Are we really going to see a bull run before this year ends? Even myself, i'm already confused with how bitcoin drops its price consistently, and before we knew it, bitcoin price is already below $40k. So to answer the thread, bitcoin this time cannot really remain its $50k resistance level, either it goes down badly or it goes up surprisingly. However, there's no reason to stay being negative as we are also facing another opportunity to buy bitcoin again and with the strong altcoins at their low prices. If bitcoin won't end up having bull run this year, then we have still next year to count on.

Whenever the last months of every year ends then i dont really hope that much or really giving out some hopes or anticipations for some bull run because we have witnessed that it couldnt really happen year by year but we cant really deny that big movements do really happen on these times which

i cant really blame out people on having this kind of mindset yet we have experienced for ourselves and people do keeps
connecting the past into the current or future things to come.

Vaculin

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Winding down.

Quote from: $crypto$ on December 09, 2021, 03:11:44 PM

Quote from: sunsilk on December 09, 2021, 03:04:20 PM

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

Are we really going to see a bull run before this year ends? Even myself, i'm already confused with how bitcoin drops its price consistently, and before we knew it, bitcoin price is already below $40k. So to answer the thread, bitcoin this time cannot really remain its $50k resistance level, either it goes down badly or it goes up surprisingly. However, there's no reason to stay being negative as we are also facing another opportunity to buy bitcoin again and with the strong altcoins at their low prices. If bitcoin won't end up having bull run this year, then we have still next year to count on.

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Quote from: rahmatrf331 on December 09, 2021, 10:40:00 AM

bitcoin has stabilized after overcoming many hurdles which resulted in a drop in price of $42k and already looks stable at $49k now

5 hours later....
The unwritten rule of the speculation board, no matter what you assume you won't have a 50/50 chance but a 90/10 for it to go wrong. Even if two hours later you come with a new prediction that is the total opposite of the previous one the price will find a way to screw both of them Grin

Just going through the title of the topics which tried to speculate what will happen in the next week you're going to see how off almost everybody is short term.

Quote from: cryptomaniac_xxx on December 08, 2021, 06:28:10 PM

Well it's hard to say, but we are going to look at the recent movement, the price seems to be going up +7%.

One day later, the same story Grin

Short terms predictions when it comes to bitcoin are just useless, the history stops repeating itself when it comes to BTC, sometimes as if somebody wants to make a point of it.

Anyhow, time for an user to make a topic about bitcoin falling below support level so we can see it climbing again in the next 24h Grin

$crypto$

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Quote from: sunsilk on December 09, 2021, 03:04:20 PM

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

sunsilk

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Quote from: ?? on ??

Quote from: sunsilk on December 08, 2021, 12:54:01 PM

Quote from: hd49728 on December 08, 2021, 06:56:41 AM

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

It's been a year since the bull run has started and this is right that we don't know when it'll end and what's next for it. Just a while ago, it pulled back again to $49k.

I thought that it will be another series of staying there but no. We are uncertain if bitcoin will be staying to $50k this time and it's only possible if it goes up and surpassing $52k and above.

Bitcoin remains to be unstable and everyone has no idea whether its value will surpass $50k and create a new rally, or just another bull trap again that after we wake up, the price is slowly coming back to $50k below again. Maybe we should be more observant on the market this time as bitcoin remains to be uncertain on what will be its next move. Yes, maybe if it will surpass $52k, then we will see more chances that bitcoin this time is set to reach its new ATH and before the end of this year, we will end up having another bull run hopefully.

It will always be unstable.

Actually, it was back to $51k before this second wave of plunging came. It's really unknown when it shall be stable there. And right now, we're looking at it at $47k.

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

rahmatrf331

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https://i.imgur.com/3fXQC4m.png

After watching the market for a long time, finally we have seen a meeting point between supply and demand, which is called the holding price between the two, namely $49k and $50k. bitcoin has stabilized after overcoming many hurdles which resulted in a drop in price of $42k and already looks stable at $49k now. no need to think too long and it is certain that prices above $50k will happen again in the near future.

Topic: Bitcoin Finally Climbs Back Above $50k, but can it Remain there? - page 4. (Read 643 times)