Bitcoin is getting more bearish, what is the trigger?

jaberwock

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Quote from: bots1 on April 04, 2022, 11:31:03 AM

Of course we do not expect the price of bitcoin to return to its lowest price. However, it is possible that the price of Bitcoin will fall again from the current price and the possibility that the price of bitcoin will drop to the next level around $40,000, $39,000, and $38,000. However, the market may experience a lot of short-term based trading and a lot of volatility and the Relative Strength Index technical indicator is poised to cross into oversold territory.

There is a big difference between reaching 30k levels and reaching 40k levels. I mean we were 38k to 42k just a few weeks ago, we recently broke above 45k and have been doing fine and I respect that. However, we need to realize that it is not really that shocking for any of us that the price could go down to 38k yet it would be a bit shocking if it reaches 30k. Even a war couldn't bring it that down, even the fear of Europe banning mining didn't bring it down.

Basically all the bad possible things happened and bitcoin didn't budge or move, if it happens right now then we would all know that it would be manipulation. If it didn't go down during bad periods, why would it go down out of nowhere, it is nothing but manipulation.

bots1

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Quote from: Woodie on December 05, 2021, 04:21:15 PM

Quote from: bots1 on December 04, 2021, 03:48:47 AM

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

Like the analysis, its spot on Cool

but then again this is based on a 4 hour chart which could mean this anticipated moved is for the short run.

Looking at the daily, weekly and monthly trying to get higher time frame bias in trying to get the charts to agree they are sending a different signal for the long term hence trade cautiously and going back to $40k again this will be depressing for many and personally I would not want price to come this low!!!

Of course we do not expect the price of bitcoin to return to its lowest price. However, it is possible that the price of Bitcoin will fall again from the current price and the possibility that the price of bitcoin will drop to the next level around $40,000, $39,000, and $38,000. However, the market may experience a lot of short-term based trading and a lot of volatility and the Relative Strength Index technical indicator is poised to cross into oversold territory.

Pamadar

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Quote from: 24Kt on March 20, 2022, 05:08:58 PM

You need to be smart now because the adoption is different from couple of years ago. Big names, big institutions or even a country is already in this market. So yes, I can say FUD is still there but we have more tangible factors now that are in play in this market. The foundation is getting stronger as bitcoin or crypto in general establishes its position during this pandemic as well as this war situation. If more and more people will educate themselves, this fud will be minimized very soon.

Fud is being used to lure those lazy investors, people who didn't take time to educate themselves about how the market

works, with fud that circulating around, those weak holders are the first line of
victims, while experienced and wise traders are the benefactors.

Those who deal properly with their homework, studying and researching the right
way, are people who will manage to earn decently.

peter0425

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Quote from: bots1 on December 04, 2021, 03:48:47 AM

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

Obvious reason is Correction , there are many investors/traders that bought when the price of bitcoin climbing high as the skyrocket happened last year and this made many people interested in putting some money in hope of getting their funds earning at least half of it,
and this happens when November made another ATH so many had sold their coin and continues to happen till december.
with all of those the price value drops bad until now this end of 1st quarter in the following year.

24Kt

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Quote from: goldkingcoiner on March 20, 2022, 01:38:41 PM

Quote from: Pamadar on March 18, 2022, 12:56:21 PM

Quote from: Dave1 on March 18, 2022, 01:04:50 AM

Quote from: ?? on ??

The interesting thing is to always follow bitcoin price movements, when there are too many FUDs it will make investors panic, even those who spread FUDs are sometimes people who have large followers on social media, if we have known bitcoin for at least 1 year we should be able to choose and maintain bitcoin so they don't sell cheaply.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

Gone are the days where Bitcoin are being influenced by fud,

Not really. More like long gone are the days when Bitcoin was almost entirely influenced by FUD. That level of speculation combined with a low market cap is what made the gigantic price swings. Nowadays we have a very large market cap so FUD does not really affect the Bitcoin prices as much as it once did but FUD will always be part of the equation. No doubt about that.

But the FUD nowadays is just a good signal to buy some cheap coin while you can.

You need to be smart now because the adoption is different from couple of years ago. Big names, big institutions or even a country is already in this market. So yes, I can say FUD is still there but we have more tangible factors now that are in play in this market. The foundation is getting stronger as bitcoin or crypto in general establishes its position during this pandemic as well as this war situation. If more and more people will educate themselves, this fud will be minimized very soon.

goldkingcoiner

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Quote from: Pamadar on March 18, 2022, 12:56:21 PM

Quote from: Dave1 on March 18, 2022, 01:04:50 AM

Quote from: ?? on ??

The interesting thing is to always follow bitcoin price movements, when there are too many FUDs it will make investors panic, even those who spread FUDs are sometimes people who have large followers on social media, if we have known bitcoin for at least 1 year we should be able to choose and maintain bitcoin so they don't sell cheaply.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

Gone are the days where Bitcoin are being influenced by fud,

Not really. More like long gone are the days when Bitcoin was almost entirely influenced by FUD. That level of speculation combined with a low market cap is what made the gigantic price swings. Nowadays we have a very large market cap so FUD does not really affect the Bitcoin prices as much as it once did but FUD will always be part of the equation. No doubt about that.

But the FUD nowadays is just a good signal to buy some cheap coin while you can.

Jating

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Quote from: Pamadar on March 18, 2022, 12:56:21 PM

Quote from: Dave1 on March 18, 2022, 01:04:50 AM

Quote from: ?? on ??

The interesting thing is to always follow bitcoin price movements, when there are too many FUDs it will make investors panic, even those who spread FUDs are sometimes people who have large followers on social media, if we have known bitcoin for at least 1 year we should be able to choose and maintain bitcoin so they don't sell cheaply.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

Gone are the days where Bitcoin are being influenced by fud,

There are more institutional investors who are working inside the market now, giving a tough decision making to those
who wanted to manipulate the market.

People/investors who are willing to buy and hold knowing that the cycle will give them a good return once the market
start to pump back and rally high.

As others have said, the more the merrier and this is what is going on with the market right now. With so many players it's hard to manipulate as each individuals are not willing to collude which each other to influence the price. Nevertheless, it's a survival, only those who are wise, when to invest, when to get out and take the profits will win. And then we have those whales and long term holders who are willing to wait obviously and be a HODLer.

Pamadar

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Quote from: Dave1 on March 18, 2022, 01:04:50 AM

Quote from: ?? on ??

The interesting thing is to always follow bitcoin price movements, when there are too many FUDs it will make investors panic, even those who spread FUDs are sometimes people who have large followers on social media, if we have known bitcoin for at least 1 year we should be able to choose and maintain bitcoin so they don't sell cheaply.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

Gone are the days where Bitcoin are being influenced by fud,

There are more institutional investors who are working inside the market now, giving a tough decision making to those
who wanted to manipulate the market.

People/investors who are willing to buy and hold knowing that the cycle will give them a good return once the market
start to pump back and rally high.

Dave1

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Quote from: ?? on ??

The interesting thing is to always follow bitcoin price movements, when there are too many FUDs it will make investors panic, even those who spread FUDs are sometimes people who have large followers on social media, if we have known bitcoin for at least 1 year we should be able to choose and maintain bitcoin so they don't sell cheaply.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

livingfree

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Quote from: redsun114 on March 10, 2022, 01:44:50 AM

Quote from: livingfree on March 09, 2022, 04:57:20 PM

Quote from: ?? on ??

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

That's part of bitcoin being unpredictable.

When the market's up and you're not expecting something bad to occur. There goes the FUD that will be scattered through media just to move the market and shake the weak hands.

And as well as the small holders. Buying the dip is what we usually do but others can't determine if it's the actual dip or not.

STT

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Bearish implies a wider judgement or spirit to the move. All we have done recently is react to various news, overall BTC isnt especially negative or with a bias that is greater then some quite exceptional negative world events. If we dont have a negative bias, dont call it bearish; BTC is fine mostly be calm

wozzek23

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Quote from: redsun114 on March 10, 2022, 01:44:50 AM

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

I love people who do FUD, they cause the price to drop, and I buy at those lower levels and then I end up getting richer when the price is higher again. I love them, all the profits I have are all thanks to them.

If you are a smart investor, you know what you should do, and there are millions of people who are terrible at investing. I contribute that to the fact that people do not get finance education at a young age. It is a vitally important thing to put "citizenship" and "finance" into elementary schools.

I know math subject is hard, so finance could be even harder, but I am talking about how the finance world works, and they could learn more about money, jobs, salary, taxes and all of that at a young age. Citizenship is just making sure that everyone knows politicians are workers, they are hired by us, they are not our lords, they are our employees, not many people are aware of that but that is beside the point right now.

redsun114

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Quote from: livingfree on March 09, 2022, 04:57:20 PM

Quote from: ?? on ??

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

Kemarit

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Quote from: ?? on ??

Most people will buy when the market is green and this I often do too, and the second mistake is to sell when the market is red because of panic and thinking that bitcoin has no hope of going up, I think the biggest factor that influences is psychology and we are not ready for bad things like the price could go down.

The opposite should be done, buy when the market is in red and then sell when it's goes green.

Maybe this is just a rookie mistake, or if investors are learning how the market works and most of the time it involves emotions

I mean when the market is red, everyone panics and think that the price will continue to go down hard so they sell. The best thing to do is not to be alarm and what till the market settles down. On the contrary, inside of selling everyone should buy at this scenario.

livingfree

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Quote from: ?? on ??

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

TravelMug

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Quote from: erep on January 21, 2022, 10:45:51 AM

Quote from: btc_angela on January 18, 2022, 03:23:35 PM

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

So I guess the market is really in a cycle isn't it? And whatever is happening around the world, the market will go bearish if we are in a bearish year and same with the bullish market.

Remember Covid-19 in 2020? we are in the bullish cycle that year and even though the price really crash, there is no stopping the bullish scenario that time.

Same time right now, we are in a bear cycle, so even if there is no war, I think the market will really drop to at least 50%.

Finestream

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Quote from: ?? on ??

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

You should have bought a lot of bitcoin early last year while prices are still cheap and not when the market is already close to its peak. That is one of the reasons why investors mostly fail because they start buying whenever they see the prices turn to its new ATH, not literally thinking that its price will never keep on moving up. However, the market is currently bearish so now is a good time to buy more valuable coins so we can prepare much for the incoming bull season that may take place any time of the year. But because of this present war, we are not sure when will the market will recover, but it will certainly does.

dezoel

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Quote from: buwaytress on March 05, 2022, 05:10:43 AM

Quote from: STT on March 04, 2022, 02:23:03 PM

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred. At these levels BTC is under pressure and we are not so far arresting the pullback with any buying. It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

We kind of had a break already when US jobs took everyone by surprise. And when the Fed didn't raise rates (everyone and his mom has been expecting hikes for a while, just a lot of unexpected good news delaying them pulling the trigger) we got another reprieve.

But that's coming. And the pain of discovery at post-pandemic shittiness is coming.

So I still think a few more surprises are around the corner. Better be. Bitcoin needs to have some leeway for when the pain comes.

I would assume that the "recovery" right now doesn't seem like a long term deal. I mean the numbers are looking like everything is alright, but we all know it is not and regular citizens are seeing why it is not. Which means that the general economy could be looking better because Jeff Bezos' and Elon Musks of this world could be making a lot more money, but regular people do not.

Plus that 300+ billion richest man of the world period is over, market crashed very hard as well from those days. All in all I would assume that we are going to live a very painful future and we wouldn't have to wait for it too long. It is going to take a while but not too long.

buwaytress

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Quote from: STT on March 04, 2022, 02:23:03 PM

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred. At these levels BTC is under pressure and we are not so far arresting the pullback with any buying. It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

We kind of had a break already when US jobs took everyone by surprise. And when the Fed didn't raise rates (everyone and his mom has been expecting hikes for a while, just a lot of unexpected good news delaying them pulling the trigger) we got another reprieve.

But that's coming. And the pain of discovery at post-pandemic shittiness is coming.

So I still think a few more surprises are around the corner. Better be. Bitcoin needs to have some leeway for when the pain comes.

MarjorieZimmermanGinger

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Quote from: bots1 on December 04, 2021, 03:48:47 AM

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

We have seen a bearish pattern at the end of 2021 until now, where bitcoin is still stagnant at a price of $40k-$45k, we can actually use this to buy bitcoin, but don't think about releasing it in the near future, conditions like this will again affect bitcoin in the month next, just need to wait for a complete recovery, then we use it to sell, I think the right time to collect bitcoin is now

Topic: Bitcoin is getting more bearish, what is the trigger? (Read 1064 times)