Bitcoin is getting more bearish, what is the trigger? - page 6.

Shasha80

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Quote from: Vaculin on December 07, 2021, 04:47:07 PM

Quote from: TravelMug on December 07, 2021, 12:14:11 PM

Quote from: rahmatrf331 on December 07, 2021, 09:47:48 AM

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

Well, good to see that bitcoin is now gaining momentum to rise up again and recover its price from below $50k. This may be a positive sign that bitcoin is now set to reach another all time high since its the trend every december for bitcoin to end up with a new ATH. Regarding with what triggers bitcoin to dump, i think the latest covid strain has affected it but we know for sure that its effect will be temporary. Other than that, there may be some negative news but does not affect the market that much. Right now, bitcoin is priced at $50,749 so we need to be optimistic this time since its also a way of attracting good vibes in the market aside from the positive news that will soon to come in the market.

I've known Bitcoin for a long time, so I understand how Bitcoin works. As I suspected that Bitcoin's price decline won't last long, it's proven now
Bitcoin is starting to recover by rising again above the price of $50k. Hopefully positive news will continue to emerge, so Bitcoin prices can continue
to rise, at least Bitcoin can return to ATH prices before the year ends. I don't care about the reason why Bitcoin is bearish, the most important thing
for me is the market has started to recover and Bitcoin can be bullish again. I'm quite happy to have bought Bitcoin when the price dropped below
$50k, now Bitcoin has gone up to $50k again, it means I have profit now. But I will still hold the Bitcoin that I have, because I believe the price of
Bitcoin will rise even higher in the near future.

Vaculin

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Winding down.

Quote from: TravelMug on December 07, 2021, 12:14:11 PM

Quote from: rahmatrf331 on December 07, 2021, 09:47:48 AM

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

Well, good to see that bitcoin is now gaining momentum to rise up again and recover its price from below $50k. This may be a positive sign that bitcoin is now set to reach another all time high since its the trend every december for bitcoin to end up with a new ATH. Regarding with what triggers bitcoin to dump, i think the latest covid strain has affected it but we know for sure that its effect will be temporary. Other than that, there may be some negative news but does not affect the market that much. Right now, bitcoin is priced at $50,749 so we need to be optimistic this time since its also a way of attracting good vibes in the market aside from the positive news that will soon to come in the market.

Silberman

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Quote from: OgNasty on December 06, 2021, 02:12:19 PM

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

At the end it is better this way, after all sooner or later those people will face liquidation as they are taking too many risks to begin with, it is better this happens when bitcoin is not moving much as the recovery can happen relatively quickly, but if something happens when bitcoin is on the middle of an upward movement then something like this could completely change the market sentiment and make the price crash, as people panic because of such a fast decrease in the price when everything seemed to be going well.

TravelMug

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Quote from: rahmatrf331 on December 07, 2021, 09:47:48 AM

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

rahmatrf331

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https://i.imgur.com/3fXQC4m.png

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

bikers online

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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.

today the price of Bitcoin returned to the price of 50k and I think the correction time is over and it has started to slowly return to around the price of 50k more or less before the price will return to high.
I don't think Bitcoin price will go back down to 40k maybe it will only stay at 50k.

Vaskiy

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Quote from: btc_angela on December 06, 2021, 05:07:48 PM

Quote from: dimonstration on December 06, 2021, 04:57:02 PM

Quote from: OgNasty on December 06, 2021, 02:12:19 PM

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

I don't think there will be better news about the variant, I mean it's already been discovered and so far vaccines are still effective against Omicron. What's scary is the mode of transmission because it's very quick, however, most of the infections even in the US is still the Delta variant.

But as I have quickly glance at the price, it seems to get over the $50k barrier now, so that's a good indication that we are in the bullish phase at least for now and hopefully this is not a bear trap.

This hasn't served as a bearish trap, but soon this can happen and we need to keep ourselves planned. Major thing is the panic, as we're in the month of December there is more chance of cash outflow from cryptomarket. This will make some impact along with the bear trend. Altogether if there happens market fluctuation beyond the present value, then panic waves can be seen among the common holders. This will make an impact over the market, and could drop down to $40k. If people ignore it, then the bullish trend transition could happen.

Cryptock

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The bear market channel is visible but only on the short term. When we look at the chart from the last year, or even a year and a half, we can see that the price of Bitcoin is still in an upward trend. Of course, this could be the beginning of a new bear market, but in my opinion the mood on the market is still too optimistic for the sales period to begin.

btc_angela

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Quote from: dimonstration on December 06, 2021, 04:57:02 PM

Quote from: OgNasty on December 06, 2021, 02:12:19 PM

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

I don't think there will be better news about the variant, I mean it's already been discovered and so far vaccines are still effective against Omicron. What's scary is the mode of transmission because it's very quick, however, most of the infections even in the US is still the Delta variant.

But as I have quickly glance at the price, it seems to get over the $50k barrier now, so that's a good indication that we are in the bullish phase at least for now and hopefully this is not a bear trap.

dimonstration

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Dimon69

Quote from: OgNasty on December 06, 2021, 02:12:19 PM

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

Botnake

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Quote from: bots1 on December 06, 2021, 06:50:39 AM

Quote from: EdenHazard on December 05, 2021, 02:38:00 PM

Quote from: stomachgrowls on December 04, 2021, 09:40:05 AM

Aside from technical analysis then it isnt really bad to consider fundamentals too.
Whats the trigger? For sure this one.
$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall
Source: Link

I do really expect something like this that anytime could happen on which this market is really highly reactive to news or fundamentals
which it could really fucked up those TA's.

Weird that ethereum seems remain strong despite other crypto fallin apart down to 30% , the fed will always doing the same thing to try to regulate cryptocurrency platform in order to protect its user / citizen and this time some people got the FUD.
the fear is there and at once they are planning on spending some on christmas & new year holiday so yeah just figure it out what fundamentals matches the situation.

In terms of price Ethereum is also experiencing a sharp decline like the price of bitcoin. But its marketcap dominance is increasing because people are selling Bitcoin. Therefore, it seems that ethereum still has a long way to go and a reversal of ethereum's market cap growth over bitcoin could be imminent.

For now, ethereum is seen to have a growth on its market cap compared to bitcoin since we are all witnessing bitcoin today having a rapid decrease of its price. But this is only due to the current correction, and the new covid strain i guess. If these issues will be over, then we will see the market back to normal and bitcoin will create price in an upward direction. So let's all be patient this time as bitcoin is not set to stay being low priced, it will always have its own way to skyrocket again once there is strong support that will back up then.

OgNasty

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Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

el kaka22

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I am not sure what's going to happen in the nearest time, but I know that it is not going to be unavoidable. Even if we end up with a huge bearish run, even if this near 50k prices are just dead cat bouncing, even if we end up with lower than 40k in a month, all of that could be avoided.

I would suggest to start trying to look for some cash somewhere, I know it is not easy to just whip out cash for most people, but try to do some extra work online, some useless stuff that you haven't touched in 1+ year selling, and few other participation stuff and you can get yourself some money saved aside until a drop happens. If a drop comes and it is a harsh one, then you could buy with that extra money, if it never comes and we go up then you have money to spend and have some fun with. That is the great part about it right now, you could get ready for it because you have time (probably).

Ararbermas

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Within this month i believe it will stay above 40k since some of the big investors already buying at the dip including El Salvador. As the matter of fact previously there's already a small consolidation, but unfortunately the price fluctuate again and for sure it's due to some weak hands.. Perhaps if weak hands already finished dumping big investors will add more to keep the current level before this month ends wherein since that's the common strategy when it comes buying in such situations. They keep buying when bitcoin respecting some pattern in the graph.

bots1

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Quote from: EdenHazard on December 05, 2021, 02:38:00 PM

Quote from: stomachgrowls on December 04, 2021, 09:40:05 AM

Aside from technical analysis then it isnt really bad to consider fundamentals too.
Whats the trigger? For sure this one.
$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall
Source: Link

I do really expect something like this that anytime could happen on which this market is really highly reactive to news or fundamentals
which it could really fucked up those TA's.

Weird that ethereum seems remain strong despite other crypto fallin apart down to 30% , the fed will always doing the same thing to try to regulate cryptocurrency platform in order to protect its user / citizen and this time some people got the FUD.
the fear is there and at once they are planning on spending some on christmas & new year holiday so yeah just figure it out what fundamentals matches the situation.

In terms of price Ethereum is also experiencing a sharp decline like the price of bitcoin. But its marketcap dominance is increasing because people are selling Bitcoin. Therefore, it seems that ethereum still has a long way to go and a reversal of ethereum's market cap growth over bitcoin could be imminent.

Oasisman

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

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

Investors could also buy at the current price not with the full amount, but a gradual buy. Nobody knows whether or not Bitcoin could extend its bearishness down to $40k, but to make sure you're not missing the dip just do a gradual buying everytime Bitcoin dips. The kind of strategy is similar to DCA.

Majority has no definite idea about the current crash, but one thing is for sure, a huge sell out happened thus pulling the price as low as $47k.

Woodie

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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.

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!!!

Slow death

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Quote from: Chato1977 on December 04, 2021, 11:42:53 PM

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

Buy bitcoin guys this is our chance to take more Bitcoin.

Buy and Hold.

Let's take this opportunity guys , Please ..

that the price will recover this everyone knows the big problem Is how long will it take for the price to recover? if it takes 1 year or two years or 3 years? and from that point it becomes very worrying

we have to ask ourselves why the price went from $40,000 to $69,000 in just a few weeks? and the answer was a possible bitcoin ETF approval, and now people are reading negative news from the SEC, this created panic selling

palle11

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Quote from: Chato1977 on December 04, 2021, 11:42:53 PM

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

The price will bounce back but when is the question. If you stick your money for a longer time than you expecting profit maybe frustrating and discouraging. Therefore not bothering about what caused the price of bitcoin to drop faster than it was being expected is important for a business mind. Well to me I have not seen a reasonable reason for the drop but I see it as a correction waiting to happen after all the bull run.

EdenHazard

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Quote from: stomachgrowls on December 04, 2021, 09:40:05 AM

Aside from technical analysis then it isnt really bad to consider fundamentals too.
Whats the trigger? For sure this one.
$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall
Source: Link

I do really expect something like this that anytime could happen on which this market is really highly reactive to news or fundamentals
which it could really fucked up those TA's.

Weird that ethereum seems remain strong despite other crypto fallin apart down to 30% , the fed will always doing the same thing to try to regulate cryptocurrency platform in order to protect its user / citizen and this time some people got the FUD.
the fear is there and at once they are planning on spending some on christmas & new year holiday so yeah just figure it out what fundamentals matches the situation.

Topic: Bitcoin is getting more bearish, what is the trigger? - page 6. (Read 1064 times)