Bitcoin is getting more bearish, what is the trigger? - page 3.

mia_houston

hero member

Activity: 1204

Merit: 539

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.

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, the decline in bitcoin what happened might not be as bad as what happened in 2018 in my opinion, so that when the correction occurs again it is likely that we will see bitcoin rebound and rise to higher prices, I think sentiment from china does not have much effect on bitcoin this year, because some of the Chinese companies are starting to adopt and develop digital money, as seen in the news circulating recently on twitter.

https://twitter.com/BlockBeatsChina/status/1478213772288622595?s=20

magneto

hero member

Activity: 1666

Merit: 753

I think that mainly, it has to do with halving.

The bull market usually peaks 1 year after the halving and right now it's just around 1.5 years, which is on the tail end of the bull market.

So it's no surprise that money is rotating out of cryptos right now, especially after the crazy year that we've had last year with the runup in both retail and institutional investment into BTC.

asrinur

full member

Activity: 656

Merit: 104

PredX - AI-Powered Prediction Market

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.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

Quote from: timerland on December 19, 2021, 03:36:53 PM

OP's TA actually turned out to be quite accurate.

The reason is really mainly due to the halving cycle in my opinion. Prices tend to be extremely bullish in the 1-2 years proceeding a halving, and the bear market kicks in around 2+ years afterwards.

Right now we are on the verge of that bear market timing, and you just have to be prepared for it.

Yes, I just we have to accept the fact now that no way that we are going to that 6 digits.

It was promoted that this could happen at the end of the year with S2F prediction modelling. But I guess it didn't take into account the covid-19 variant that will grip us in the last week of December taking down all the financial market globally.

So now bearish is here and all we do right now is to prepare for the worst again.

timerland

hero member

Activity: 1526

Merit: 596

OP's TA actually turned out to be quite accurate.

The reason is really mainly due to the halving cycle in my opinion. Prices tend to be extremely bullish in the 1-2 years proceeding a halving, and the bear market kicks in around 2+ years afterwards.

Right now we are on the verge of that bear market timing, and you just have to be prepared for it.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Pamadar on December 19, 2021, 01:54:02 AM

Hope is there, mate. We should plan our investment so we can enjoy the benefits.

We can't accurately predict what future will bring to our invested money, but it's more on mental skills to keep us holding our assets
or buy more for the best interest when bull start to come back.

Right now, we are all holding and hoping that the current flows will not go for further fall.

I definitely agree that the hope is definitely there. I am not sure if it will be there forever but for now I can see bitcoin being a great long term investment and no matter what happens in the short term, it is fine by me. I am hoping that we get to see something a lot more positive in the near future, it may not be great for a small period of time but eventually it will get better.

Even if we can't predict the near future, the very long term looks quite bullish because bitcoin is so much hedged against fiat that we all know fiat loses value which makes bitcoin be more valuable. Put the fact that more and more people run away from fiat and buy crypto because it is a better alternative, that makes the price go up even more. This is why I am hoping that we would end up with 100k+ in 2022, can't say if we will, but that is my aim for this year.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Chato1977 on December 18, 2021, 10:56:04 PM

But what about now? is there another plan as the market continues to show resistance at 49k?

I seems to understand that the trend will be like this in the next couple of months more .

and we will be gaining support again in middle of 2022 or at least last quarter next year.

The best plan is to hold. We never know when a market tendency is going to change, so we must be prepared for that all the time.

And we have to be even more careful about our holdings, because there is a constant pressure from the market and from the news to make us sell everything. That is a big mistake whales want us to commit, so they can buy our coins cheaper and pump bitcoin price right after.

STT

legendary

Activity: 4102

Merit: 1454

Right now price action is not especially negative, its neutral to sideways with a quite slight decline. We are constricted in range below the weekly average, at some point it must break from that but until price action gains the energy to climb out of this trench the pattern is towards less movement; it is the quiet before the storm imo

I dont presume we must resolve downwards, more likely we must fail to go upwards first before it would move significantly down through support below and through the long term yearly averages.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Chato1977 on December 18, 2021, 10:56:04 PM

Quote from: MCDolnton on December 14, 2021, 09:09:43 PM

Quote from: Hypnosis00 on December 04, 2021, 08:22:05 AM

Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Well said, my plan already... We most all watch and play stronger and even more carefully

But what about now? is there another plan as the market continues to show resistance at 49k?

I seems to understand that the trend will be like this in the next couple of months more .

and we will be gaining support again in middle of 2022 or at least last quarter next year.

Hope is there, mate. We should plan our investment so we can enjoy the benefits.

We can't accurately predict what future will bring to our invested money, but it's more on mental skills to keep us holding our assets
or buy more for the best interest when bull start to come back.

Right now, we are all holding and hoping that the current flows will not go for further fall.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: MCDolnton on December 14, 2021, 09:09:43 PM

Quote from: Hypnosis00 on December 04, 2021, 08:22:05 AM

Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Well said, my plan already... We most all watch and play stronger and even more carefully

But what about now? is there another plan as the market continues to show resistance at 49k?

I seems to understand that the trend will be like this in the next couple of months more .

and we will be gaining support again in middle of 2022 or at least last quarter next year.

rodskee

full member

Activity: 2520

Merit: 204

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.

maybe there is nothing that triggered this situation instead this is what we really have to expect, i mean like what those experts says Bitcoin price is valuing above what this must be in this time so this is purely a correction .
Meaning that this is the legit price of Bitcoin or even lower as it is .
don't get disappointed instead accept this fact because if not then you will end up loser in expecting more than what is the true value of currency .

Lmaooo

full member

Activity: 694

Merit: 108

santacoin.io

Quote from: bbc.reporter on December 14, 2021, 09:22:08 PM

Quote from: TravelMug on December 14, 2021, 08:46:15 PM

Quote from: kawetsriyanto on December 14, 2021, 05:40:36 PM

Quote from: lizarder on December 14, 2021, 02:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.

The news printed by bitcoin news media and the mainstream media only come after the pump or the dump. It is never before the pump or dump occurs. Also, much of the news they publish are clickbait or an altered version of the clickbait.

In any case, the dump might only be another funding reset caused by the whales, similar to what occured on September. I speculate bitcoin’s bubble to burst during the super bowl on February 13 hehehehe.

I think the major trigger for the bitcoin bearish market this December was the massive sell-up by the investors before the Chrismas Holidays. The cryptocurrency market has a strong momentum before the second and third week of December. Once we entered the second week of the month then the market starts crumbling due to the massive sell-up by the investors, they are just cashing out their books and also making prepares for the next year 2022

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: MCDolnton on December 14, 2021, 09:09:43 PM

Quote from: Hypnosis00 on December 04, 2021, 08:22:05 AM

Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Well said, my plan already... We most all watch and play stronger and even more carefully

Right now the only way for us is to hold bitcoin and hope that the price will rise again towards the start of the new year, besides the current decline we can use to buy bitcoin and add assets to the portfolio we have on the market, for those who believe in bitcoin strong fundamentals, of course what is happening now in the market is a golden opportunity for them to buy cheaply.

marine4u

full member

Activity: 673

Merit: 106

Quote from: TravelMug on December 14, 2021, 08:46:15 PM

On the contrary, this is December and history a good month for us to rally and see the price going up.

Yes, the market is recovering from each correction which may not quickly restructure the bullish range due to psychological pressure but in the next 15 days a fresh bitcoin ATH at $70k is not easy easy but the possibility is much greater if we can achieve and establish a new structure by 2022. Crazy things are only made from bitcoin. The final outcome of the Fed meeting will be subject to change i guess

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: TravelMug on December 14, 2021, 08:46:15 PM

Quote from: kawetsriyanto on December 14, 2021, 05:40:36 PM

Quote from: lizarder on December 14, 2021, 02:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.

The news printed by bitcoin news media and the mainstream media only come after the pump or the dump. It is never before the pump or dump occurs. Also, much of the news they publish are clickbait or an altered version of the clickbait.

In any case, the dump might only be another funding reset caused by the whales, similar to what occured on September. I speculate bitcoin’s bubble to burst during the super bowl on February 13 hehehehe.

MCDolnton

newbie

Activity: 7

Merit: 0

Quote from: Hypnosis00 on December 04, 2021, 08:22:05 AM

Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Well said, my plan already... We most all watch and play stronger and even more carefully

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: kawetsriyanto on December 14, 2021, 05:40:36 PM

Quote from: lizarder on December 14, 2021, 02:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: kawetsriyanto on December 14, 2021, 05:40:36 PM

Quote from: lizarder on December 14, 2021, 02:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

If the plan is for trading, then the present time is good. There is possible chances of making profit out of the regular fluctuation between $45k and $48k. Maybe this can crash or pump, so being prepared for the same and simultaneous involvement into trading brings good money.

If the plan is for long term holding, then having patience for a short term could benefit. The price is predicted to test $40k based on the market conditions.

kawetsriyanto

legendary

Activity: 2422

Merit: 1140

duelbits.com

Quote from: lizarder on December 14, 2021, 02:48:20 PM

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Chato1977 on December 12, 2021, 11:45:32 PM

Quote from: chikading2016 on December 12, 2021, 10:05:57 PM

Bitcoin is always affected from the different negative news and the banning of bitcoin in China is one of the reason that affect the bitcoin price, but I believe that soon bitcoin will back to the 60k$ price maybe before year end we will see bitcoin in a new ATH.

Please stop that CHINA BANNING topic because that is not really the reason for the bearishness , yeah at first that took effect but it does not go any longer .
the bearish happens because of the whales as manipulating is what comes here , stop china issue please.

Those kind of announcements have an effect on the price of bitcoin but their effect is temporary, since this happened months ago then it is a mistake to try to blame the current conditions of the market on something like that, what we are seeing right now is probably the result of the whales manipulating the price as you state or it could be simply the current dynamics of the market of cryptocurrencies, after all we all remember what happened years ago and the crash that happened, and it is possible investors are worried this could happen again and this is decreasing the demand for bitcoin.

Topic: Bitcoin is getting more bearish, what is the trigger? - page 3. (Read 1066 times)