Bitcoin is getting more bearish, what is the trigger? - page 2.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: btc_angela link=topic=5375342.msg59020956#msg59020956 date=1642537415

[quote author=Questat link=topic=5375342.msg58913277#msg58913277 date=1641445612

If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.

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.
[/quote]

Yes, just based on the history of bitcoin, the bearish market will usually follow after the new ATH is hit, that's what we called as a correction and we should not consider it as a bad thing as it only strengthens the market. it's only bad for those who do not understand the nature of crypto because they always think of an uptrend and most likely they fail the sell their assets during the bull run due to greediness or panic due to the huge dump they are witnessing.

Yaunfitda

hero member

Activity: 2870

Merit: 594

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.

Down to $40k levels again, so another retest which for me is not good. Although we still have the situation in Europe that is causing this downside, the bulls wasn't able to hold the $42k so obviously the collapse and retest. And just to be fair though, again, just prove that the market has some correlation as Germany and other stock exchange in Euro has open up their trading with a negatives. So short term the market will be bearish.

STT

legendary

Activity: 4088

Merit: 1452

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.

Cryptock

hero member

Activity: 1792

Merit: 507

Quote from: Ziskinberg on February 14, 2022, 04:33:05 PM

Quote from: Epaper on February 10, 2022, 08:02:36 AM

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

how soon? I think 1 year is not enough based on the trend, so it's safe to assume that we will not see a new ATH this year and the market will be bearish. When bitcoin pumped to over $40k, some investors think that the correction is over and we are heading to a bull market, but it's not easy as that, until now the price is still struggling and until we get back to $60k, I don't think we will have a bull run this year.

The current price movement, I can sense that we are going back below $40k again.

That Bitcoin's price will drop below $40k is almost certain. It is also very likely that we will see the $35k level soon. However, I think a long lasting bear market is very unlikely. Many people suggest that the 2018 decline will repeat itself and the price of Bitcoin will drop by 80% - 90%, but in my opinion it will not happen. In recent years, the number of cryptocurrency users has increased enormously, which will cause the price chart to flatten and the violatily will be smaller and less sharp. I believe that the downward trend will change in a few weeks and we will have new ATH this year.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: Epaper on February 10, 2022, 08:02:36 AM

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

how soon? I think 1 year is not enough based on the trend, so it's safe to assume that we will not see a new ATH this year and the market will be bearish. When bitcoin pumped to over $40k, some investors think that the correction is over and we are heading to a bull market, but it's not easy as that, until now the price is still struggling and until we get back to $60k, I don't think we will have a bull run this year.

The current price movement, I can sense that we are going back below $40k again.

Epaper

full member

Activity: 790

Merit: 112

Quote from: kotajikikox on January 05, 2022, 03:09:30 AM

Quote from: Epaper on January 04, 2022, 09:47:12 AM

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 don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.

The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter.

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

dbc23

sr. member

Activity: 1036

Merit: 311

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.

it hasn't broken the support zone yet to continue the bearish move so for now revolves around $36k we are not sure of a more bearish move for now until we see a major breakout and a confirmation candle formed before the breakout. February is always a range market where price neither goes up nor down and until a breakout is seen its inconclusive to make a trading decision now

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: mia_houston on February 01, 2022, 10:34:07 AM

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.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

There are many reason's and factors that affect the market, we have to be more careful when deciding on our investment,

The short rise gives hope and traders who are eyeing for small but short trades are okay with these benefits,
if you are a long-term holder, this is a good position to take almost a half from the last time ATH.

Might take some time, but if the market start to show strong bull, the profits are surely decent after, just need
to have a proper plans to avoid losing a lot.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: mia_houston on February 01, 2022, 10:34:07 AM

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.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

Now i can see that bitcoin has started to make a rebound and seen above $37k. But there is no guarantee yet that it will not fall again especially that the market tends to be more volatile when there is bearish season. Just like prices could rebound, but there is no guarantees still.

However, now that we see that bitcoin is recovering, its even more ideal to buy and hold, but don't forget its also important that you are open for bitcoin price to fall as crypto remains to be a speculative investment.

mia_houston

hero member

Activity: 1204

Merit: 539

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.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

erep

hero member

Activity: 2282

Merit: 589

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.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Questat on January 06, 2022, 12:06:52 AM

The bull market is slowly fading and the bear market is going to take over now.

Right, I guess we are really in a bear market now.

Quote from: Questat on January 06, 2022, 12:06:52 AM

If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.

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.

Questat

hero member

Activity: 2982

Merit: 610

The bull market is slowly fading and the bear market is going to take over now.

If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: estenity on January 04, 2022, 08:34:49 PM

Quote from: bbc.reporter on January 04, 2022, 08:10:22 PM

There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

bitfinex
https://www.tradingview.com/symbols/BTCUSDSHORTS/

This is the one, I reckon. The data for FTX, Bitfinex and Binance cannot be seen in the free version, however.

https://www.tradinglite.com/

In any case, Sam Trabucco has made a tweet that he is on vacation hehe. He is implying that he is not the FTX whale who is dumping on bitcoin.

Sam Trabucco, Alameda Research CEO

folks I’ve been on vacation for weeks, your aggression is mis-targeted (though the market’s dark cloud has also overtaken this vineyard)

Source https://mobile.twitter.com/alamedatrabucco/status/1478854061050847232?s=12

Do you trust Sam Trabucco? If he is telling the truth, it might be the other FTX whale who is dumping on bitcoin. The other Sam hehe.

the other Sam

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Epaper on January 04, 2022, 09:47:12 AM

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 don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.

The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter.

Quote from: estenity on January 04, 2022, 08:34:49 PM

Quote from: bbc.reporter on January 04, 2022, 08:10:22 PM

There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

bitfinex
https://www.tradingview.com/symbols/BTCUSDSHORTS/

this season? it might be this but back in december when op created this thread?

estenity

hero member

Activity: 1924

Merit: 538

Quote from: bbc.reporter on January 04, 2022, 08:10:22 PM

There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

bitfinex
https://www.tradingview.com/symbols/BTCUSDSHORTS/

bbc.reporter

legendary

Activity: 3010

Merit: 1460

There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: asrinur on January 02, 2022, 08:31:39 AM

In the past month, bitcoin and altcoins have experienced very deep price declines in the 10%-15% range. However, bitcoin became the worst hit, its price corrected violently in the past month, sinking 15%. The weakening of prices occurred due to negative sentiment from China and the FED. Therefore, I see the current decline in the price of bitcoin as possible to drop to the $40k level at least at the beginning of this year.

I would say it is once again temporary. People are acting as if this is something new and there has been nothing like this before, but the reality is that we have seen these kinds of things before and we just need to find something that soothes us right now. I feel like the amount of times we went low like this is countless and then we recovered from each time.

If you want to be worried about price dropping, never get scared of those 15% drops, those are regular stuff in crypto and it is just the price going up and down due to traders. The real threat to bitcoin price is that sometimes it goes up to a level that is super high but then suddenly it has a crash. That crash is like 30%+ in a single day and maybe even 50%+ in under a week. Those type of stuff are the real scary things and nobody can predict when they will happen, so we always get caught off guard.

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: mia_houston on January 04, 2022, 08:31:54 AM

There are many factors that cause the price of bitcoin to drop today, one of which is the FED policy that occurred some time ago, with the FED policy many investors or bitcoin holders have released their bitcoins and have switched back to holding the US dollar which is now considered to be stronger,

FED regulation shouldn't have much impact on holders' decisions to sell bitcoin at low prices. I really can't believe holders actually want to sell their bitcoin just because of FED regulation, I don't think that's right. Big investors have made bitcoin one of the hedging assets that they believe is safe for them, so if they like USD as a hedge then I don't think investors will ever invest in bitcoin.

Moreover, China's crypto ban will not be something that Investors will consider in 2022 (very likely) because you must have seen the evidence that China's FUD really can't lower bitcoin price in 2021. After China banned crypto, so bitcoin ATH happened and it happened in November. So it is a fact that the ban no longer has a major impact on the market.

Epaper

full member

Activity: 790

Merit: 112

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 don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.

Topic: Bitcoin is getting more bearish, what is the trigger? - page 2. (Read 1064 times)