Topic: Bitcoin first week price speculation (Read 695 times)

I think, price movements are still too sideways at the moment, so it is very difficult to determine where bitcoin will end up later, investors who tend to shift their assets from stocks to bitcoin indeed make bitcoin prices start to improve slightly,  but what @boafeng said is true, if the current market conditions has not shown a strong bullish cycle, sideway market conditions sometimes trap us who are in a hurry to buy at a slightly expensive price and think that the market will return to a bullish cycle, but often we are trapped and the market will return to a bearish phase when there is a little price pressure in the market.

There is always hope for the next ATH, but be careful what you're wishing for and not wish for it too early. A sudden rise and consistent rise may not be good for Bitcoin. There is always a time for consolidation, and It's not a bad thing If takes longer than you expected just like the bearish run in 2018.
There were two kinds of person during the bearish run, those who worry much because the price has dip and those who worry not to miss an entry point and were finding a bottom for a good buy.

Hmm, not yet bullish phase, maybe this is just one of those wherein investors from all over the world goes to bitcoin because stocks is tanking. And when they move out, maybe it will pull the price down again.

So I would say that we need to be very vigilant of the price movement and let's not prematurely tell that we are in a bullish cycle and will create a new all time high.

Throughout January 2022, the price of bitcoin continued to enter the red zone and even the price of bitcoin had dropped to $34k. However, entering February this year, the crypto market has slowly rebounded and bitcoin has returned to the $41k resistance level. I think, at this time, we have entered a bullish phase so there is hope that bitcoin will create a new ATH again.

To start, the increase in February is enough to take profit for a while because we still have more time to take more and more profit in this year. From the fallen at $36k and then the price increase to $41k, we can make a good profit if we decide to sell some amount that we already bought. But if you still want to hold bitcoin for more, that will not be a problem because we have different goals to achieve. But at this moment, the future trading gives a nice profit to traders

It also goes to show though that there is really no pattern to look at. Maybe in the previous years January was a good month. But not this time, we got early November an all time high, unlike the last bull run wherein it was December 2017.

And since Bitcoin's narrative has change, then patterns will have to re-adjust as well. So we will see how strong the current break out run this month.

This is also what I'm trying to understand, it seems that it has move, from January, now it's February and it started to be very bullish moving up to $41k and looking sharp and ready for another break out run. So maybe the best thing to do right now is see what February brings previously and look for correlation if at the end of the year we will be very bullish or not.

But in the first week of February bitcoin has shown its identity again that bitcoin will reverse direction to a number above $50k again according to the bitcoin price this morning with the last price I saw $41,913 with a change of +11.45%.
I think bitcoin is enough to go down when it's time to bounce back to the $45k support line according to the tkocrprto market chart that I saw, God willing, a new history will start again.

Bitcoin will rise well. One thing about bitcoin is that it falls and rise. It had never done two times gall without rising. I am not seeing bitcoin doing $80,000 this year. I just think it will reach the ath of $69,000.

In the first week of 2022 the bitcoin price is still below the $40k level. However, I am optimistic the next few weeks will turn bullish for bitcoin. In fact, many experts predict that 2022 could soon turn into an attractive market environment for bitcoin. Therefore, in 2022 it is very likely that bitcoin will surpass the $80,000 price point in the next few months.

Not sure about alt coins as well mate, haven't followed it for a while. Maybe except for NFT's craze and the whole staking and staking. But other than that, altcoins market too might suffer if bitcoin price is going to suffer as they have correlation.

As for the first week of 2022, we've seen it already. And it's the end of the month today and the price as I have said, is on the sideway patterns.

Altcoin time! i might looking to get some altcoin investment in the current bearish market , some of them get down too much , and looking for 20 to 30% profit seems to be an easy one for the next couple weeks till the bitcoin market taking a solid manuver whether to going down or turned into an unstoppable going up.

not an impressive first week of 2022 but still we look for a turnover in not so short period.

I'm leaning towards the sideways movement though, it seems that there are no strength to push the price to at least $43k although if I'm not mistaken we have hit it already but it falls down very quick.

So its could be sideways for the meantime and then the last week will be critical because I'm seeing another downturn in the price to probably $40k'ish again.

I think current action (and continuation of the downturn since 2022 start) forces me to assume we are negative short term unless we negate that outcome by beating current resistance and proving that by a 4hr bar trading that level as a low.   It does seem we have some decay in the price but its not yet confirmed we have any strong direction.
  Is this pattern a descending triangle if so lets see price action beat 43.5k.   For the moment its sideways to negative in my estimate.

There is absolutely nothing to worry about with the price right now. Sometimes these things happen and there is no way of realizing if you are doing the right thing or not. However, in the long run it goes up and that means if you buy and it drops then you did a wrong thing that could be saved in the long run. Whereas if you sell thinking it will go down and it goes up there is no recovery on that at all. So, while one side at least have a way out, the other side doesn't have that so you know what you should do.

Most people miss that about crypto and they end up not being too much of a profitable traders or investors because they always think that there are two possible ways to make money and you could be wrong or right in both of them, as we have seen that is not right.

Not sure what charts you are looking but there is no further growth, on the contrary, it remain stagnant and bitcoin is just above $40k right now. So maybe the data is again skewed as bitcoin narrative has change now, or it is because the price is really getting higher by every cycle, it's hard for the price to sustain its run specially that we have reach all time high twice late last year. So it will be interesting how things will pan out, but I'm leaning towards a bear market though and it will be a very difficult first quarter of the year.

The first week of 2022 is expected to bring further growth to the cryptocurrency market and bitcoin soon rise from the price correction. However, it seems difficult for bitcoin to be bullish again in January because since the end of 2021 the bitcoin price is still correcting. Therefore, let's see how the direction of the next bitcoin price movement will be whether it will continue to decline or be bullish in the next few months.

This is definitely a good period to be in accumulation phase right now. I mean it is obvious that it wasn't a good week for bitcoin, and the drop definitely did made everyone be a little surprised, even though bitcoin could drop at any moment and that possibility is always there, I agree that many people were expecting some big bull run.

If people could just calm down, instead of panicking right now, just focus on getting more, and keep saving to buy some more if the price drops, then we are going to end up with something a lot better. This doesn't mean that we won't have any problems or will have a lot of profit but it just means it could get better in the long run.

I think that in the past week, the price of bitcoin and altcoins has still experienced a sharp decline in price. even the price of bitcoin has decreased significantly where the price has dropped to the level of $41k and possibly towards $39k. Conditions like this psychologically make investors panic selling after seeing the red market. However, I am optimistic that perhaps bitcoin's return to a bull run will occur around April 2022.

September lows or July lows to be most relevant in arresting this drop is what I'm looking for.   There's always a good reason to sell and there are alot of traders who use borrowed money and sell every friday for sure, there are fears of sharper FED policy but its not here yet and they continue to dilute the monetary base.  Its speculation, I think they are easy money for some time yet because the FED has little else as a policy or tool apparently.
    It'll find a bottom around 40k I think and then could rise back to the 50 day average, thats quite a range but Bitcoin can and has done this previously.

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.

It seems to be that way though, worst case is below $40,000 within the week, ouch.

But in any case, as you have said, for those who have been seen the worst, there's no need to panic. On the contrary, if you have extra funds, take this as an opportunity to accumulate more BTC in your wallet and look for the long term.

Of course we don't want to see a long bearish market that will last for years, however, it's inevitable, but what we can do is buy a lot of Bitcoin because it is going to be very cheap.

Probably the wildest imaginations I've got which I have also converted a few of my altcoins to BUSD when the price was $52,000. It's a wild ride for me but I really think this is a good decision for now until I can see a better direction of where the market is really going.

Until I don't see the market bottom out. The bull already tried two times to achieve $100K through hyping the memecoins and NFTS, it's close to impossible for now the price has to come down before going up again.

Please forgive me if I consider your actions indicative of a weak hand. I could have understood you if you think this time is not the perfect time to buy, although I still disagree, but converting to a stable coin right now? I don't think that's a wise decision. That's a decision made out of fear, if not panic. But since you are talking about the 2018 scenario, I am almost certain bad things are already running wild in your imagination.

Buying at $43,000 when the ATH is at $69,000 is not bad. Converting at $43,000 when the ATH is $69,000 is definitely bad.

Maybe we will head over to the $40k-$42k range level if bitcoin can not hold the price not go down for more.
In this situation, we need to be ready for anything and prepare some money to buy back Bitcoin at a low price.
In the first week of this year, we see that bitcoin is still made a correction. Even the price is going down from the first day of the New Year.
But we do not have to feel bad because we already have this experience before knowing what we need to do.
Calm down, do not panic, and you will see something you can use for yourself.

Although buying is a good option now, I'm just not doing it for we have yet know where the price will go. I'd be losing a good amount if I buy this time if it goes back to $40,000.

I converted my coins to BUSD already, it could be a bit late but I'm assuming this will just get worse. It's still BTC that I'm going after when the market goes bulls again. But if it's going downwards below $40000 the bear market last 2018 could recur again and not hit that $100K bull mark.

The start of the year is basically a carry-over of the past year. So buying is still the best option. The price has not yet found its bottom. We are not yet changing direction for now. The final days of 2021 are basically the same with the early days of 2022. But the year has so much promises so it is best to stack now while the price is really low. As of this posting, the price has even went as low as $43,000. Let us all stack sats as much as possible.

There's nothing to be gone if we're just going to observe and hope that there will be a recovery for the upcoming months to come.

Just like last year, after bitcoin goes on its ATH, the plummet suddenly came and made bitcoin $28k and there were several months left. IIRC, that was on end of 1st quarter or first weeks of 2nd quarter when that drop happened.

And eventually, the recovery came and that made me think that it could have the same move for this year although might not be the same in prices.

today the price is falling a lot, it is below $44000 and that is definitely not a good thing, in case of breaking resistance that is at 41000$ the price could drop to $37000 and that is not good, we need to see how far this support is above $40,000 can hold so that the price can recover and have a trend reversal to an uptrend


Of course, as every year there are many months but this does not mean that in these coming months the price will recover, it may be the case that the price will drop even more in the next few months

The year has just started and there are a lot of months to go.

Although it seems not good to see how it started and we see a welcoming dump for this week. Well, what can we expect? But the good thing in here is that we've seen it already.

And you call what's next after a dump and usual dropping in bitcoin's price and I'm with you with a rebound after this.

January is usually not the year we end up with a huge increase, it takes a while before we increase. I am guessing that spring could be the real increase, march will be the month where we slowly see some waking up, not a lot, just a small bit, then by the time April comes around we are going to see the peak, I am expecting a new ATH around those periods, and then during May it will have a small tiny correction, like maybe back to 70k or something and during summer there is a good chance we could have a crash and then try to recover that during September or October. This is usually how it is in crypto world and I do not see a reason why it should change.

Bitcoin price has not risen in the first week of 2022, bitcoin is still difficult to break through the $50,000 price level. However, I expect a bitcoin rebound signal for the next two weeks, although confidence is low as daily stochastics do not confirm near-term oversold conditions.

I think the first week of 2022 bitcoin has not shown any bullish signs because since the end of 2021, the Bitcoin price is still dropping below $50,000. The decline in the price of bitcoin is also likely to continue until the end of January 2022.

I've a bearish expectation for Bitcoin this year. Nevertheless, I will keep an eye on this info this week because of the data you've shared here. I will like to see how it goes so as to know what to expect too whether price direction will go south or north. From my calculation, if it does anything close to 30% that should be a plus for Bitcoin and then we should expect that the bull rally will continue.

That will be from April, right? I'm of the opinion that Bitcoin will be bearish first quarter of the year but let's still see how things pan out.

I prefer not too confident at this time, prepare for any worst condition and ready to cash out and buyback when it breaks another support because last year was really a golden year for crypto, if this year hype is not the same just like last year, i'm worry this year will be the whole bear season just like in 2018-2019. So it's better to keep up to date to the news and the market condition at least every day once we check it so we won't loss so much value if something terrible happen.

This should be an interesting week. For those that don’t know. Bitfinex had massive bids for the past few weeks. And lately FTX and Bitmex have huge sell interest. There are massive sells in the $47K area.

Seems that they are trying to trigger the stops in the $45K area. So in the next few days we should get a guide on the outlook for Q1. The stock market had a huge rally today which if correlation is present means we might have a bullish quarter.

3 days before the week ends , but still instead of growing bitcoin continues to reddish .and i hate to admit but this week will be a bearish i guess.

But the next quarter is the trend setter i believe because there are more investors that will re enter the market after the bear quarter.

The price fluctuation in this week hasn't reached the peak percentage that you can say that it's going to be the same as the previous years. And to be clear, the percentages you had included in the price of BTC when it entered 2022 and then compared to the ending of the first week, probably Saturday? Is that correct? There's nothing much included in the tweet or any figures to check, just yours.

I do hope that it's going to be fruitful the whole year.

Although bitcoin will have a big chance to increase back, that still hard to know the right time. It seems the correction has already come to the market as we see the price is down to the $46k level and do not know how deep the price will go down. If we look at the last year, the price is starting to go down so we should prepare our money to buy back at a lower price because who knows, after this correction, the price will soar to the higher price. If the price is not rising but stays at a low price level, we can hold it and manage our patience because sooner or later, the price will increase.

I remain open to positive price action even with the negative sentiment apparent, mainly because we have outrun the initial sell off from the ATH.  It does seem we have alot of doubt in the price currently.  40k is my rough target down similar to September lows but for proper break down we must first test 50 day average imo.   Hitting that 'wall' with confirmation to speculators that price action upwards was limited, could then be enough to trigger greater pressure on price downwards.
    Im not sure this week literally counts as some of the main trading days are holidays in some countries.   The first clear week of January without any holidays might be more significant with higher volume.

I see it will have an impact this year, the first week or first month will not make a big bitcoin dump, because the correction position must recover slowly, to recover it will have to wait for time, despite the fact that bitcoin will increase this year, and I'm sure for this year regarding the price will increase and maximize, but anything can happen in crypto, although there is a great chance that it will be dumped after the correction.

On a few occasions last year we have seen the Bitcoin market move in the opposite
way to historical trends. The market is different since the halving of 2020 and especially
last year. The general thinking is that the market is over leveraged so I'm  not holding my
breath for a big increase this week, there is a good chance we continue sideways.

It is expected that the Bitcoin market should pick during the first week of the year but we must also consider other aspects that always contribute to the outcome of the price such as its present market price, if Bitcoin is already at a bullish price at the end of the previous year the market may not necessarily see the bullish market at the beginning because at that stage the market may be trying to recover from it previous bull run just like what we witnessed in 2021-2022 this year first week may not witness a significant price increase but will see Bitcoin through a stable price.

Many hope for pump to come but actually this will not come at early of this year knowing that the fear of people still intact and many still got afraid on what will happen on it or if they can see the same scenario where bitcoin drop at $3k in figures. But for sure we cannot see that one this year so let's hope there's a hype which can help it pump it up.

people are saying the same thing that this year bitcoin market will be greater than last year bitcoin, but cryptocurrency is not like that because some years we expected to be better in bitcoin market may years fails, let us not think that bitcoin will grow more than last year, but i know every year bitcoin make a revolution

In my case, I don't care because I don't trade in the short term. If I believed in what you say I would have firmly bought on December 31 to sell at the end of the week, also taking into account that I would not have to pay taxes on the sale for another 15-18 months.

But the regularity you quote is may be due to purely statistical variability and does not seem to be based on underlying events, as out fella says:

Bitcoin might of rallied +18% in the beginning of 2018 but look at how the rest of the year went. Maybe it was because 2017 was a profitable year and many sold in Q1 2018 to pay taxes. But if this is true look at Q1 2021, the year before was also profitable but the Q1 and rest of year was very positive.

This is pretty much proof that these types of patterns are never reliable. They can repeat or can do something completely different and have no effect at all.

I think most of cryptos fate lies how the stock market will do with the fed rates and tapering.

Yes, the same opinion I've seen from several people that were also discussing about the bullish pattern that is being formed. We're all hopeful that this year will kick in as it starts another bullish scene.

This only means that we're still in the accumulation time that many have missed. But people are still in doubt that there will be the bullishness that will come out but yeah, a FOMO will come once it's already seen.

The first week of the year bitched price won’t surprise coz price around between same but i believe that bitcoin price will be more increase than 2021.Bitcoin is little dupm. Decentralization will never be stable. Now bitcoin price is $47.5k+ I hope BTC price will be reached $65-70k+ this year.

The first week would be a good start to the bullrun? Actually bitcoin is still very vulnerable to a small correction again but I see the chart shows good results, but if it becomes resistance then the first week does not become a price for $50k we will still see the price below it and this pattern continues to repeat until the meeting point recovery.
I know the first week will not experience significant changes and this fluctuation is still a change for the future, yes I think during January.

This Sunday may be a good start for recovery for bitcoin. It started a good drive up to currently at $47,656 and looking like it has more strength to cover more grounds for the bull move. Just yesterday after some slight drop it has made a ride on the daily chart candlestick and this continuing for the week may become a good start for the year.

By the first week the people will be more positive about the market, and the same keeps market bullish. This time too we can expect something as the past years. However the first hour of the new year have marked a decline in the price of bitcoin. Almost $1000 decline have happened over the last hour making the price reach close around $46k. Altcoins seems to be in good strength against the market of bitcoin for now.

On TF 1H the price of bitcoin again experienced a correction today starting at 9 am. Perhaps this is a brief effect as we enter the new year where recovery can still be expected in the first week of January 2022. I know it's still possible if we look at past history, but bad things can still happen when people are more interested in selling than staying.

On TF 1 W I saw the price of bitcoin experienced a sideway where the price was between $45K to $52K. In my opinion there is a possibility that the price will turn into a bullish trend and there is also a possibility that it will turn into a bearish trend. We have the possibility of facing both trends in January, so I just want to try to relax now and enjoy the new year 2022.

Oh well, what do you expect from a fairly young market as bitcoin? Everyone is looking for a pattern, until it doesn't work anymore.


Well it bitcoin is going to be bearish then the pattern will repeat itself right? 2017 massive spike and then followed by a bear market in 2018. So the 4 year cycle is still in its effect.


It might be random, but as volatile as this market, really hard to predict the price, it's just wild and educated guesses, arbitrary numbers that can be hit or miss.

Let's see how it does at the start of the week, but if ever there will be bullishness, the price could really still not reach what we all have been expecting, a 6 digit rush.

Nonetheless, if history repeats again, maybe at least as high as $52-$55k might be the baseline for whales and specially retail investors to push this price to that levels. As for the reasons, yeah could be the combination of fomo, whale manipulations, people investing early in hoping to hold in at least in 2022 and see a good profit at the end of the year.

TA patterns repeats... Until it doesn't.

I honestly think that BTC will likely be quite bearish to start the year because of the momentum going into the new year, and the halving cycles just not aligning with 2022.

But hey, no one knows what will truly happen - the markets are honestly just a random collection of signals.

Happy day for me then as I got a slightly bumper-sized issue of invoices for 2021 in, and I get to pay out monies owed in 2022 1st or 2nd week. If it even appreciates 7% (the lowest of your figures) I actually get the equivalent of a fifth of a month's extra in income and savings. Say what?

P.S. What about years previous though? I was around in 2017, and even 2016 for the first week, but I can't seem to recall if they were good. Wasn't paying much attention to markets then.

A good structure can really tell if there's a great progress in the future, so if bitcoin suddenly show a sign i wouldn't be surprise we will see a new and very clear bullish run on the first week of January.  Indeed it's already started and back again above 48k as of now. If this sign will continue for sure bitcoin will improve more next year wherein more than what we're expecting.

I won't be surprise if the next week turns bull for bitcoin because ordinarily bitcoin price since last month correction has been in struggle to rise which is sign that this new year may be highly volatile. Speculation have been made for a high volatility for 2022 and that may happen as institutions are coming in

In few hours away, we are entering into another year. I just read this on a news that took me to a tweet about how bitcoin price has never suffer losses in the first week of the year right from 2018 to 2021. Also I remembered a friend that sent me a message that want to buy bitcoin at the beginning of the year. Probably people are now having a kind of mentality for the first week of the year to be bullish. Which probably means 2022 first week might be bullish.

First week of the year effect
$BTC returns first week of:
2021 +36%
2020 +13%
2019 +7%
2018 +18%


I later had to check this using 1 day time range Japanese candle stick on an exchange. I found this to be true. I did not calculate in percentage but noticed their has truly been uptrends in the first week of the year right from 2018.


Likely there might be another bull market due to this, I am thinking whales, retail investors, people that fomo and other set of people are ready at the start of new year. What do you people think about this early year investment? Hopefully the market might be bullish, right?