OP, yesterday bitcoin suddenly surged and at one point hit almost $30k, the highest I saw was $29.8k, and now bitcoin is still trading at $29k. This starkly contrasts your earlier predictions that bitcoin will continue to fall further. What's your opinion on bitcoin's bullish comeback? When you advise people not to buy bitcoin at this time.
Since the creation of the topic until now, I have not seen you discuss with everyone about your opinion, I hope you come back to comment on market movements.
Topic: Bitcoin is going down. - page 6. (Read 1183 times)
When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.
This is simply a matter of perspective, when the price goes down a part of the community reacts very negatively to this as they are only thinking about the short term, and with this in mind any decrease on the price is terrible from their point of view.But for those that are thinking on buying bitcoin and hold it for years, a downward movement is a welcome sight, as this means they can get more bitcoin for a low price and their profits will be much higher on the future, and while there is a great number of people that think like that, it seems they are outnumbered by those which care only about the short term by a wide margin.
Bitcoin is falling as you say, and many people also predict this, it's not too hard. But as you say, this is still not the right time to buy bitcoin, so in your opinion, what is the best price to buy bitcoin? I'd love to hear what your next thoughts are. Because I am also expecting more bitcoin drops.
Regardless of your current expectations that you are expecting a drop in the price of Bitcoin, what is clear is that in general you can still buy Bitcoin at the current price if you just want to keep it for the long term. But if you are only buying Bitcoins to take with you into trading, you will need to wait for another drop in price from now on. But never regret when you see the next increase in Bitcoin before you buy because you are waiting for a price drop in the market. 
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.
https://coinmarketcap.com/currencies/bitcoin/
and yes, the growth is not sustaining its position .
Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.
Bear market is also followed with Bull and in this case? we are all may experience both.
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And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.
every time is a right time to buy , but the problem only if how long and how much we can afford to risk.because the longer we Keep the coins is the bigger chance to earn more.
When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
There are always some Nostradamuses around I guess.
The thing about these kind of advice is, you’ll easily find as many arguments for the contrary. One of the best advice regarding when to buy bitcoin is still dollar cost averaging over several months or even years. You can go into advanced mode and adjust the amount you invest each time depending on whether prices went up or down recently.
Anything else will make you very vulnerable to an almost unpredictable amount of short term factors influencing the current price of bitcoin.
Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.
So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.
So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.
Let's see first $27,500, I think that is now the support level since $28k has been breached. It actually went as low as $27,200 and everyone thought that we are heading to $25k again. But the market is strong or at least the bulls is reclaiming back the position and pushes the price to the support line.
So yeah, this is just a little drawback and let's hope if will hold and then we can go back to $28,000 because that's where we are trading sideways for more than a week before the sudden push to $30,000-$31,000. So going to be interesting last week of this month again.
Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.
So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.
So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.
Do you think there's a reason behind of Bitcoin price increase from $20K to $30K? relying Bitcoin price through FED interest rate is kind of non sense, Bitcoin doesn't depends to FED.
I also don't see the relationship of FED decision having influence to the price of bitcoin. FED policy relates to government policy and expenditure including interest rate which directly affect fiat and not bitcoin, no agency or government can control bitcoin.
I'm not saying Bitcoin price will decrease, but the price will be around $25K-$40K-ish and it's still good to buy Bitcoin before the price will surge after the halving season.
This can be possible because bitcoin halving is approaching and the price have appreciated more than 40% after December. Moreover this is the first quarter almost ending.
As you can see, the price of Bitcoin or Cryptocurrency has no central authority that can regulate it, there is no government that controls prices on the market, even the central bank has no influence on the condition of the price of Bitcoin. The above is one of the reasons why Bitcoin prices are increasingly fluctuating and it is impossible to control the increase/decrease in price, it all depends on how the market conditions are freely.
My assumption is that the Bitcoin price experienced a slight correction after successfully exceeding $30k due to widespread selling, most traders and investors chose to secure the long-awaited profit when the Bitcoin price was still at the $25k level. I'm not too skeptical about the correction that just happened, after this there will be an increase in demand which will have an impact on price increases, buying interest from the Bitcoin community will have a positive impact on Bitcoin.
My assumption is that the Bitcoin price experienced a slight correction after successfully exceeding $30k due to widespread selling, most traders and investors chose to secure the long-awaited profit when the Bitcoin price was still at the $25k level. I'm not too skeptical about the correction that just happened, after this there will be an increase in demand which will have an impact on price increases, buying interest from the Bitcoin community will have a positive impact on Bitcoin.
Positive reaction to 50 day average is occurring now and something to watch develop till end of month. My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower. That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.
If the $26,000 support did not hold, the possibility of the bitcoin to go down up to $24,000 major support is most likely going to happen. The price resist ath the $30,000 level which is considered as very strong resistance. There are confluences in the $24,000 like 20 EMA and 50EMA in weekly chart. Does this mean we are now in bearish trend? I don't think so because the price is just retracing and if you will look in the weekly timeframe the price is still in healty price movement wherein the RSI of the bitcoin is still above 50 RSI. A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.
For the long traders, I think it is better if you will stop trading first because there is a high probability we will see a waterfall in the following days, be cautious because anything can can happen. As for the short traders, I think it is the best time to acquire position because the market sentiment is currently negative so fear and panic is currently present that you can take advantage of.
Positive reaction to 50 day average is occurring now and something to watch develop till end of month. My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower. That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.
A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
Bitcoin is falling as you say, and many people also predict this, it's not too hard. But as you say, this is still not the right time to buy bitcoin, so in your opinion, what is the best price to buy bitcoin? I'd love to hear what your next thoughts are. Because I am also expecting more bitcoin drops.
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.
https://coinmarketcap.com/currencies/bitcoin/
and yes, the growth is not sustaining its position .
Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.
And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
Have a nice day and take care.
you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.
https://coinmarketcap.com/currencies/bitcoin/
and yes, the growth is not sustaining its position .
I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off. I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.
I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.
We are now on a correction on which it would really that a normal thing here on crypto space on which it had been moving and volatile since day 1 and if you've been here on this market for a while
then seeing these drops isnt really that something that would be shocking you but rather seeing these things to be an opportunity for you to get in and make profits
once the market would be having a recovery.
I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off. I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.
I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.
Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.
I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.
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