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Topic: Bitcoin Is Bearish - page 2. (Read 748 times)

hero member
Activity: 2842
Merit: 772
November 28, 2020, 08:14:18 AM
#9
Bearish, it is not. It is a correction after over ride and failure of all time high breaking attempt from bitcoin. To rise higher, bitcoin need to go through corrections like what it is on going now to have organic growth. Rising and rising day by day and week by week without correction will create another bubble. If you regret that you miss a chance to take profit, I advise you to be calm and patient, other chances are waiting ahead in next year.

Exactly, I don't know how the OP call this a bearish trend when bitcoin are still way above the $16k-$17k threshold. Maybe we have lost close to $2 million during that dump, but it doesn't mean that we are going bearish from then on.

Bitcoin will break that resistance and make a new all time high next year. People try to say bitcoin will get a price at $100000 to $500000 that is I don't know. A new all time high is what I am believing in and I aim at $50000 to take profit next year.

There is also this narrative, which could be true, in order to reach a new all time high, bitcoin could face a lot of storm. So just continue to stack sats and wait next year, as the bull run might go insane.
sr. member
Activity: 966
Merit: 306
November 28, 2020, 07:10:32 AM
#8
Bearish, it is not. It is a correction after over ride and failure of all time high breaking attempt from bitcoin. To rise higher, bitcoin need to go through corrections like what it is on going now to have organic growth. Rising and rising day by day and week by week without correction will create another bubble. If you regret that you miss a chance to take profit, I advise you to be calm and patient, other chances are waiting ahead in next year.

Bitcoin will break that resistance and make a new all time high next year. People try to say bitcoin will get a price at $100000 to $500000 that is I don't know. A new all time high is what I am believing in and I aim at $50000 to take profit next year.
hero member
Activity: 2660
Merit: 551
November 28, 2020, 03:05:31 AM
#7
This may be the end of the bull run where many experts predicted a new all time high for Bitcoin. 
We can only hope this is just the part of the correction period some of us expected.   
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.
This correction is indeed huge but it will certainly not be the beginning of the bearish trend.  Bitcoin has had a similar correction at previous Halving, and this time it has the buying support of major financial funds so it can only fall to $ 14k max.  This is the moment for us to buy more Bitcoin and hold until next year.
- I keep my point that Bitcoin will soon break ATH and make a new high at around 30k $.

It's not that big actually, it's not even 20% dip so why should be bearish right now?

Just another correction and then perhaps it will trade sideways for some days to come. If will be bearish if it goes down hard like in the $12k-$13k range, but the support is holding at $17k so I would say it has settled down a bit and there are no more bleeding.

And it's just $3k to $20k so most likely we can really achieved it by the end of the year or early next year, I reckon.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
November 26, 2020, 03:59:39 PM
#6
This may be the end of the bull run where many experts predicted a new all time high for Bitcoin.  
We can only hope this is just the part of the correction period some of us expected.  
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.
This correction is indeed huge but it will certainly not be the beginning of the bearish trend.  Bitcoin has had a similar correction at previous Halving, and this time it has the buying support of major financial funds so it can only fall to $ 14k max.  This is the moment for us to buy more Bitcoin and hold until next year.
- I keep my point that Bitcoin will soon break ATH and make a new high at around 30k $.

I couldn't agree more, this is just a flash crash prompted by sell-offs from investors as Bitcoin approaches its ATH.

When Bitcoins price tend to decrease, then people do always have these kind of common words;

~Price Crash
~Dump
~Bitcoin is Dead
~All is panic selling
~We are on a bear market now.

Without even realizing that this had been part of the market where sell offs do happen.People shouldnt really be surprised
into these kind of events.
copper member
Activity: 107
Merit: 3
November 26, 2020, 03:48:52 PM
#5
This may be the end of the bull run where many experts predicted a new all time high for Bitcoin. 
We can only hope this is just the part of the correction period some of us expected.   
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.
This correction is indeed huge but it will certainly not be the beginning of the bearish trend.  Bitcoin has had a similar correction at previous Halving, and this time it has the buying support of major financial funds so it can only fall to $ 14k max.  This is the moment for us to buy more Bitcoin and hold until next year.
- I keep my point that Bitcoin will soon break ATH and make a new high at around 30k $.

I couldn't agree more, this is just a flash crash prompted by sell-offs from investors as Bitcoin approaches its ATH.
sr. member
Activity: 602
Merit: 250
HEX: Longer pays better
November 26, 2020, 09:36:47 AM
#4
This may be the end of the bull run where many experts predicted a new all time high for Bitcoin. 
We can only hope this is just the part of the correction period some of us expected.   
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.
This correction is indeed huge but it will certainly not be the beginning of the bearish trend.  Bitcoin has had a similar correction at previous Halving, and this time it has the buying support of major financial funds so it can only fall to $ 14k max.  This is the moment for us to buy more Bitcoin and hold until next year.
- I keep my point that Bitcoin will soon break ATH and make a new high at around 30k $.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
November 26, 2020, 08:52:32 AM
#3
This may be the end of the bull run where many experts predicted a new all time high for Bitcoin. 
We can only hope this is just the part of the correction period some of us expected.   
We were so close to that all time high and i do not think Bitcoin is Bearish by any means.
sr. member
Activity: 2366
Merit: 332
November 26, 2020, 08:29:35 AM
#2
I see the reason this thread has not got any contribution since that it was dropped, maybe hodlers didn't like the bear trend speculation for bitcoin Grin and for the difference, bitcoin has climbed very high and almost meeting the ATH. Definitely, it has been a smooth movement for bitcoin since it touched 10,000 for the second time this year.
newbie
Activity: 37
Merit: 0
June 09, 2020, 07:47:05 PM
#1
[imghttps://images.hive.blog/DQmS43yXv1QnbdTLKpWGBfpRCi5nk3EKVykNAjmzp59YFRj/150.jpeg[/img]

Hello everyone =)

So the title of this article is "Bitcoin Is Bearish" and here's my reason why.


(https://images.hive.blog/DQmPqvYgaNEPFtfcHW459gPjVSmhiYPAEtG5TjXxXBuNMx4/Screenshot%20from%202020-06-08%2016-37-16.png)]![Screenshot from 2020-06-08 16-37-16.png](https://images.hive.blog/DQmPqvYgaNEPFtfcHW459gPjVSmhiYPAEtG5TjXxXBuNMx4/Screenshot%20from%202020-06-08%2016-37-16.png)

Bitcoin price is still in the Symmetrical Triangle and the resistance Level is at 10,330 and so far is failing to remain above 10K.

I made a video explaining more:
https://www.youtube.com/watch?v=K_OgK1NdgJQ

So Yeah as you can see I wont be bullish until Bitcoin remain above 10,330 and out of the Symmetrical Triangle on the 1W chart.

Thank you for reading my article and as always, Take Care!
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