Bitcoin is getting more bearish, what is the trigger? - page 5.

Kasabus

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Quote from: leea-1334 on December 10, 2021, 06:14:01 AM

Quote from: Pamadar on December 09, 2021, 03:23:50 AM

Quote from: leea-1334 on December 09, 2021, 03:06:28 AM

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years Grin

So this 3 weeks now is nothing for me!

Nothing to say! It's you that will decide with your money. If you continue to see the downfall more likely, it's a good sign to buy more,

We don't know what fate the market will bring us before this year may end. The only hope is to see more adoption and progress,
that are the good sign for this industry in possibly bring increase to the current value.

New time high still unknown, better to keep your goal intact and forget about this market if you see some losing momentum.

I always buy the same, more or less, high price or low price,,, I cannot help it, I am totally addicted to DCA strategy so of course I am happy when prices go down (as I know I am not selling any time in the near future) and as mentioned 100k is my target.

No need to hope for more adoption and progress. This happens already if you just look at network stats. And also please do not forget to keep USING,,, Bitcoin does not magically grow. We all need to use it.

With bitcoin's price continue to dump, there's nothing we can do about it but to take an advantage of buying it with a low price. Actually, the lower the price, the better. Because we really don't know what triggers deeply the market today, i think if its only the new covid variant then the result would only be temporary. But having a serious correction like this, although its part of the market cycle, still makes people more panic and the weak ones are usually the most affected. So it takes more patience and understanding the current market condition before we can see a real bull season that will still be happening soon once the market has recover.

arufox

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Quote from: Obito on December 04, 2021, 10:38:07 AM

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

StreakW

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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.

I think, judging by the bearish pattern on your chart, this is a strong indication of a deeper decline. However, this pattern has so far not been confirmed. To confirm this pattern, it is necessary to wait for the price to drop to the level of $47k. Buy positions are not recommended, especially for those who want to invest in the short term. If you want to buy, it's better to wait when the price reaches the $55k level so it's safer to buy.

leea-1334

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Quote from: Pamadar on December 09, 2021, 03:23:50 AM

Quote from: leea-1334 on December 09, 2021, 03:06:28 AM

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years Grin

So this 3 weeks now is nothing for me!

Nothing to say! It's you that will decide with your money. If you continue to see the downfall more likely, it's a good sign to buy more,

We don't know what fate the market will bring us before this year may end. The only hope is to see more adoption and progress,
that are the good sign for this industry in possibly bring increase to the current value.

New time high still unknown, better to keep your goal intact and forget about this market if you see some losing momentum.

I always buy the same, more or less, high price or low price,,, I cannot help it, I am totally addicted to DCA strategy so of course I am happy when prices go down (as I know I am not selling any time in the near future) and as mentioned 100k is my target.

No need to hope for more adoption and progress. This happens already if you just look at network stats. And also please do not forget to keep USING,,, Bitcoin does not magically grow. We all need to use it.

pooya87

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Quote from: el kaka22 on December 10, 2021, 01:41:47 AM

However, it could be like last year, we were at around 20k last year and had trouble going above 20k for a very long time, by the time the new year started we reached to 30k and having trouble going above 30k, as we all know in the year we reached to 60k+ prices after that. So it could be similar, we could reach to 70k and have hard time going above that, then we could have the new year trying to break above 100k, that way in 2022 we could reach to a 2022 level for sure.

To be fair we can't really compare any of these cases with the current situation. From $20k which was the most different resistance since it was the previous ATH and historically they are extremely hard to break due to the sell offs close to these prices.
The rest of the troubles were mostly because of the nonsense news such as the 2 big FUDs we had in the past years one about the energy consumption which is now completely forgotten! And another one about this country and that country banning bitcoin which is again completely forgotten now.

el kaka22

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Quote from: bitzizzix on December 09, 2021, 08:41:44 AM

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

It is all about the hype, as soon as there is a hype around bitcoin again, we are going to see something happening and at that point 100k will not be something that is dangerous. I believe that there is a chance we could hit 100k, but it will not be so easy, we need to have a bull run quickly starting very soon otherwise it is not going to be enough time to reach to 100k before the year ends.

However, it could be like last year, we were at around 20k last year and had trouble going above 20k for a very long time, by the time the new year started we reached to 30k and having trouble going above 30k, as we all know in the year we reached to 60k+ prices after that. So it could be similar, we could reach to 70k and have hard time going above that, then we could have the new year trying to break above 100k, that way in 2022 we could reach to a 2022 level for sure.

Raflesia

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Quote from: gleisson05 on December 09, 2021, 06:08:42 AM

Obviously, the main trigger was china banning crypto (again Grin

), nevertheless as stupid as it may sound people fell for this sh*t (again Grin

) and start to panic sell their savings.

Then it turned into a snowball when every next thing is seen as another trigger and it only gets worse.

The decline in bitcoin is now often associated with China's FUD because it has banned bitcoin in its country again. If you think about it before, China often throws tantrums like this from year to year. Are investors enough to influence this news?
I don't know why it's so significant, but there are still those who say that the cryptocurrency market is often controlled by whales, it doesn't sound very sure, but at this point, corrections happen often, we should consider it normal.
There's no need to trigger that problem for sure we will return to the highest price.

Oceat

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Quote from: ?? on ??

Investing is not about the present price or current price it is all about how long we can hold our investment, as binance CEO once said that if you cannot hold you can't be rich, so if you are going to buy Bitcoin or any other crypto coin you need to leave it on you're wallet not only for one week or one month you need to hold it for a long term.

They should stick to Bitcoin if they want a successful long term investment instead of choosing some altcoins. Investment is not just about holding if you want some profit you need to know when to sell it because we never know if one day our investment would be gone. Although, it's almost impossible to happen in Bitcoin as long as there are people who still believe in it.

And now, about the price decline, it may look like a bear is coming but I believe that's actually a bear trap and besides, the price starting to get to normal but it seems that we need more month since it's most likely not going to pump this year due to the deeper price.

geegaw

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Quote from: bitzizzix on December 09, 2021, 08:41:44 AM

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

The current tug of war is leaning too much towards the bears, so the ability to turn the tide only comes when one side is exhausted and the next few weeks are very difficult to compromise because, as you say, so many trust milestones are standing at the gate of growth, from experts to ordinary users, the ability to expand this gate will be very limited while the drop gate is very narrow, the whales love news that manipulate such public opinion to further widen this gate. Public opinion and predictions are the trigger for many things, but the picture will still be as complete as expected over time

bitzizzix

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I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

gleisson05

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Obviously, the main trigger was china banning crypto (again Grin

), nevertheless as stupid as it may sound people fell for this sh*t (again Grin

) and start to panic sell their savings.

Then it turned into a snowball when every next thing is seen as another trigger and it only gets worse.

-------------------> WE ARE HERE <----------------------------------

Pamadar

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Quote from: leea-1334 on December 09, 2021, 03:06:28 AM

Quote from: lienfaye on December 09, 2021, 12:18:39 AM

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years Grin

So this 3 weeks now is nothing for me!

Nothing to say! It's you that will decide with your money. If you continue to see the downfall more likely, it's a good sign to buy more,

We don't know what fate the market will bring us before this year may end. The only hope is to see more adoption and progress,
that are the good sign for this industry in possibly bring increase to the current value.

New time high still unknown, better to keep your goal intact and forget about this market if you see some losing momentum.

leea-1334

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Temporary forum vacation

Quote from: lienfaye on December 09, 2021, 12:18:39 AM

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years Grin

So this 3 weeks now is nothing for me!

lienfaye

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Quote from: bct-user on December 07, 2021, 06:59:34 PM

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

adaseb

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It’s hard to say what will happen in Q1. If you look back at 2018, most assumed that Bitcoin and other cryptos would keep rallying but it was the exact opposite. Kept dropping until the tax deadline date and then started to trade sideways for the rest of the year.

Now look at Q1 2021, most assumed that it would drop due to tax selling like 2018 but it was the complete opposite. It had a very healthy first quarter. So it’s hard to say how 2022 will look.

Right now the ways it’s trading it’s hard to see a new ATH this year however you never know with crypto.

Lanatsa

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Quote from: Dave1 on December 07, 2021, 09:30:02 PM

Quote from: bct-user on December 07, 2021, 06:59:34 PM

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Still 50/50 for me, neither end of bullish phase or start of bear season.

What we have is that the investors are undecided, but if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yeah for sure $100k can still be achieve next year, but it will be a slow and hard grind to increase to even $80k because of the Omicron news and the Feds tapering. But we should remain optimistic that 6 digits in 2022 is doable by all means.

Due to several factors then this wont be a smooth sailing ride on where some people do really believe so but it wont really be for sure.Its sure 50/50 when in

talks of possible price movement.It might be showing off in between bullish end or start of bearish trend but still cant be sure and its true that

this shows currently some uncertainty yet we are moving sideways without having those sure on point.

bct-user

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Quote from: Dave1 on December 07, 2021, 09:30:02 PM

Still 50/50 for me, neither end of bullish phase or start of bear season.

If you think it is 50:50, I am still optimistic 60:40, bullish should have a higher chance. Bitcoin probably has another pump before the bullish is over, at least the high price around $70k. That's what I see from my own analysis.

Quote from: Dave1 on December 07, 2021, 09:30:02 PM

if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yes. It is one of the reasons why I am still optimistic about the upcoming pump. The historical logs clearly shared us the information about the possibility of a bullish trend in December. We still have some weeks to see this happening, if not we can prepare for the worse scenario (bearish start).

Dave1

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Quote from: bct-user on December 07, 2021, 06:59:34 PM

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Still 50/50 for me, neither end of bullish phase or start of bear season.

What we have is that the investors are undecided, but if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yeah for sure $100k can still be achieve next year, but it will be a slow and hard grind to increase to even $80k because of the Omicron news and the Feds tapering. But we should remain optimistic that 6 digits in 2022 is doable by all means.

bct-user

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Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Boov

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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.

I previously seen that price rages below $50k last few days but it eventually recovers until now. Though there's another chance that we might see another potential collapse of btc price, still taking an entry point while strong resistance is there danger zone could be present. Most importantly we must think of long term holds instead of quick trading for a meanwhile.

Topic: Bitcoin is getting more bearish, what is the trigger? - page 5. (Read 1064 times)