Topic: Bitcoin first week price speculation - page 2. (Read 695 times)

It's because we are in a different scenario, no more bull runs and fast rally as investors are reluctant to re-invest in the market because of the current issues of hash rate.

https://edition.cnn.com/2022/01/07/investing/bitcoin-mining-kazakhstan-protests-impact-intl-hnk/index.html


As much as we don't want any politics to affect crypto, it has put a dent on the price and we really don't know if the support will hold because of this issue or not.

The price is presently at the support between $40K to $42K, I hope the price is rejected by that support else if the support is broken, the price might likely heads to the next strong support at $30K, though the price correction unveil opportunities of buying dips, the first weeks of 2022 had witnessed a price correction which is a bit different from that of last year, however I believe no matter how far the price dipped, it will obviously bounce back based on past history of the price behavior. ("history repeats itself ")

I think, in the first week or throughout January 2022, Bitcoin price movements will still experience a price correction. if you look at the price movements on the charts in the crypto market, there are indications that Bitcoin will decline in the $42,000 - $40,000 support area. However, even so, the current Bitcoin price correction can be said to be a normal thing to happen, especially when it tends to have positive sentiments.

I'm really getting bored of those "opportunities".
For real now, you had years of opportunities, you had continuous days of dumps, who the hell who is in his right mind and thinks bitcoin would continue to grow would have sufficient money on the side to buy this dip to matter to his finances while on the same time risking to stay with all that fiat in $ while missing a bullish wave?

Assume you have 80k in BTC and 20 $ on the side for investing..
Common, if you would have been a true believer and would be bullish on the price you're telling me that since November you wouldn't be out of $ from all these "opportunities"?  

Of course one could argue you're making more money in between these, so, if you're a money-printing machine that keeps getting thousands of dollars a month for investing are you going to be that cheap to wait for months for a 6% drop? This whole buying the dip, cheap coins is soooo yesterday!


Of course, losing 8% is far better than gaining 8%, because...stuff.
Why don't you say it?
This period is the best for the ones that sold out at 68k driving the price down and can now buy with a 40% discount at the expense of those who accumulated for months!!!
That's the truth, as uncomfortable for any holder as it is, just how it's quite pissing me off sometimes when I think how easy would have been to gain 50% BTC in two months by doing the total opposite of what I was thinking is going to happen.

Oh well, everything is really speculation until we see what's going to happen. I mean when we hit new ATH, everyone is shouting for a 6 digit price in December. But that completely change with the Omicron news and investors started to panic again and sell. And now that we are in 2022 already, there is no correction, but indeed we are now in the worst bear market.

People were expecting bullish, but what happened was a correction. However this situation is not entirely bad for investors especially if they like to carry out an accumulation strategy during price correction. This may not be good for those who don't like this strategy, but buying during the correction for the longer term will be good when we realize that ATH is a sure thing for the price. Of course this is not a good condition for selling, but it is much better if you consider buying every drop of it.

I do not know which one to use, but this has definitely failed this time around.

If using 1st to 7th January, bitcoin price opened around $46200 on the 1st of January. Today is 7th, the chance is slim or negligible that Bitcoin price will increase above that price when it's price now is around $41500.

If using 3rd to 9th January, bitcoin price increased and opened around $47700. There is nothing impossible but I do not think the price can increase from 7th at $41500 to over $47700.

Even if using 1st to 9th, I am still doubting the price can be up to $46200 on 9th.

So, I am thinking in a ways it might failed this time. But this never a reason people should sell their coins, I can see some organizations are even buying the dip while some investors would as well, even if it dip further, we can buy more, we all know that all-time-high is certain.

I guess comparing the first week alone from different years is not making any sense to me. Because, all the years in bitcoin market are not same. I mean years which are followed by halving are known for stronger bullish trend and then years after an ATH is known for stronger bearish trend.

From the above data, I am just seeing the dead cat bounce alone; for example, it is showing that we had 18% growth in 2018 January first week whereas bitcoin lost more than 80% in 2018. Hence, these are all just a "new year or festival" effect which should not be considered as a valid interpretation due to its short time frame.

so the end of week recorded now with a lowering value of 41,000 dollars?

while more of us a Bully about the incoming week, yet this belief is not enough for us to make it happen as the prices now is heading to Bearish market.

I Wonder what the second week speculation may?

actually just like every year after the Bullish year, market runs down like this so basically we are expecting this but we tend to deny as we wanted to still see a Hyping market while since December 2021 it is already obvious where the market is heading.

While the institutional support has broken down, Sailor has become the savior. Our last weekly closing did not result in losses of 50 Sma. This time the situation appears to be even worse, though the week hasn't ended yet. A closing below 50 sma is certainly not a good sign. That defines BTC's bull market is over, and the currency will merely chop for the rest of the year.

Take a look at the volume too, which is significantly lower now. It may not be a good idea to give buy on confirmation.

It seems that now is not a good start of the year for bitcoin, in january 2022 the bitcoin price movement is actually getting weaker and even now the price is starting to touch the $42K figure from the $46K price a few days ago, and it looks like this decline will continue, if you seeing some predictions of bitcoin analysis available today, many of them conclude that it is possible that bitcoin prices will be able to touch the $40K-$41K price level, so, I think right now better for us to see the situation first before pressing the buy button.

Hopefully, that will not go happens and the price can stand to $42k for this week.
I guess those who already make a profit in USDT can use the money to prepare to place the order buy at $40k-$41k just in case if the price still goes down.
I see now that the price still has the power to hold not to go down, so, within two days, there will be good news that can help the price lift for more.
Just be sure to analyze before you buy and see your opportunity to buy at a low price and not panic.

Well it's your strategy. Only time can tell whether you are right or wrong. For me I don't play with the short-term price changes that much, at least not anymore. I'm done with selling when the price seems to have topped and buying when the price seems to have bottomed. I've done it in the past and achieved limited success. If I look back, I would gained much had I only focused on hodling. But the price to pay of course is the wild bumpy ride.

The price correction that reached 8% in the first week of 2022 seems to emphasize to us that not all history can happen at the same time, every year is different. People must have been preparing themselves for something more while there are many eyes that are constantly looking at the price charts and hoping they can hit the green button and make a profit. But the fact that the year was different to some of the past history mentioned by OP, although not a total failure but the downturn has made the predictions weaken.

Even though the prediction is not right at the moment but we didn't miss the opportunity to buy some in the market which is currently experiencing a 6% discount in the last 24 hours. Considering the possible market recovery in the second week, buying during the correction is expected to produce decent returns.

Sometimes whales make a market change.To get a good profit for investments.Unfortunately I don't met any whales till now.It was My dream to became a whale one day with huge amount of bitcoin holding. Hope it will be real and then even I will pump the price to next level.

The moment you say that you have never seen somebody getting killed by a falling flower pot is the moment you either run from the sidewalk or you find peace with god 

Just to make sure, how do we count the first week?
First 7 days, that means price from January 1st to 7th, or first complete week starting the first Monday of the month, that is 3rd to 9th? In the first situation, we're almost done and we have an 8% drop, the second one might give us enough time to make it zero.

Again, one of those predictions that think history will repeat itself endlessly.


Quoting this and setting a reminder!
I'm really curious how many things you'll get right from this avalanche of price movements predictions, especially with those details month on month.
By the way, how was the peak in 2020? Or was that the exception that confirmed the rule? Or 2019? Or 2018?

Oh well, we all have our plans in the beginning of the year, unfortunately, for majority of us, it's kinda late because the market really turn into sour although I have been saying all along that if we didn't get past $50k at the end of 2021, we will be entering the bear market.

And I would say that you and I may have run out of luck, because it seems that we are in a bear market already as this early as the first week of January and the pattern seems to be broken in 2022.

Well, things change. And they do, quickly, without rhyme nor reason, don't they? Posted at the start of the thread that was happy to get some bumper bonus, but actually would have been way better for me to wait to invoice right about now (tomorrow would have been the last day for me to do it).

As always, hindsight is the wisdom we pine for. Of course, with my luck the bounce will take us up and beyond by the time my next invoicing arrives.

Sad to see but Bitcoin is now subsiding and lowering below 42k , if I am to speculate for Bitcoin price? i think we will be going 30-35k this first quarter and may change course in the next quarter.
This is normal because after Bitcoin surging up the next year will drops down like what happens now and this will run for long , maybe year or 2?

We already see the worse case scenario before and that is more scary compare today so there's nothing to get afraid on this current condition since for sure bitcoin recovers. We might didn't know on when the recovery phase to happen but for sure the believer will be the one who will not suffer from huge lose since patience is important if you buy bitcoin. I know its frustrating but we can also do counter action like buying at bottom if bitcoin goes cheap again.