I'm not a fan of predictions, nor do I pay attention to them. As it has already been mentioned in other threads, we're currently facing a 4-month low, with Bitcoin dipping as low as $53,000 less than 24 hours ago (the article mentions it plummeted below $50,000 on August 5th, but I don't see it on CMC). Is it concerning? Some would say yes, while others would disagree. I'm personally not bothered; the lower the price, the easier you can accumulate Bitcoin, especially in times like these when acquiring a single coin seems impossible. We cannot know if the market is going to maintain this bearish movement for the two upcoming months. The article speculates that it could reach as low as $42,000, but this is based on assumptions and statistical data.
Personally, I don't believe it's going to lose that much value; it's already showing signs of recovery. That may be temporary, though, at $57,000.
Topic: Bitcoin price downside may last 2 months — Analysis - page 2. (Read 240 times)
I don't believe this market is going to remain bearish for the next 2 months. As we can see, tendencies are changing here quite fast, without lasting more than few weeks, so why should we believe the current one is going to last for such long period of time?
There isn't even a good reason behind the current bearish scenario, so it's another reason why it could change at anytime for a bullish one. Speculators are playing with Bitcoin's price and that is a signal they want to spread fear and uncertainity among investors before Bitcoin pumps again, so they can purchase more coins from the fearful investors for a cheap price.
Actually, speculators want everyone to really believe the analysis shared above, so the price dumps further, Bitcoin gets cheaper and they accumulate even more coins in the end.
There isn't even a good reason behind the current bearish scenario, so it's another reason why it could change at anytime for a bullish one. Speculators are playing with Bitcoin's price and that is a signal they want to spread fear and uncertainity among investors before Bitcoin pumps again, so they can purchase more coins from the fearful investors for a cheap price.
Actually, speculators want everyone to really believe the analysis shared above, so the price dumps further, Bitcoin gets cheaper and they accumulate even more coins in the end.
I have no predictions for the coming months and what I would do is continue to hold bitcoin until a real uptrend emerges. But I also have a habit of always being skeptical of predictions posted by major news sites like cointelegraph. To me, those things look like someone is deliberately manipulating our psychology with the aim of stealing our bitcoins at a cheaper price, instead of giving warnings based on some expert analysis.
The price increase season is approaching and news like this or predictions about recession and war will spread more and more. We should be careful not to fall into this silly trap and lose our bitcoins.
I think this is actually a hypothetical information that is not sufficient to influence normal operations. You continue to deposit and it will normally increase the stash regardless of value. If so, you'd be wise to position yourself more cautiously in your holdings as Bitcoin price will continue to recover regardless of the downward trend and you may see it hit the ATH again in the short term. Its uptrend may increase a lot around the US election but you should properly use yourself for the dips. Increase buy.
There's a chance it could happen. The analyst points to historical patterns and the recent crash triggered by the interest rate hike.
On the other hand, historically, there have been surges in Bitcoin around US elections. This indicator, and the bear market holds for two months, maybe there could be a nice upswing around then.
Remember, analyses and historical trends can offer clues, they aren't guarantees. It's always wise to do your own research.
On the other hand, historically, there have been surges in Bitcoin around US elections. This indicator, and the bear market holds for two months, maybe there could be a nice upswing around then.
Remember, analyses and historical trends can offer clues, they aren't guarantees. It's always wise to do your own research.
We should be over this phase of the market already, honestly I never expected the bitcoin downturns in price to last this long already because this was expected to be a short time fall in price, so for that, thinking or speculating that the price will stay down below this level for the next two month's is greatly out of preportion and as speculators and market analysts, we should do our own research before making any conclusions based on this predictions and for me, we are going to see and uptrend push any moment from now, but not enough to be call a bull market, but at least we should be back above 70k bitcoin price anytime soon.
If you have being following bitcoin market trends in the last 24 hour's you should already see the attempts being made by market force's to push bitcoin price out of it current location to a more positive price position although there is still some form of resistance.
If you have being following bitcoin market trends in the last 24 hour's you should already see the attempts being made by market force's to push bitcoin price out of it current location to a more positive price position although there is still some form of resistance.
I read about the next 2 month bearishness until bull run from this link https://cointelegraph.com/news/bitcoin-price-downside-last-2-months
I know that analyses can be wrong. But let us have some fun. What do you think about this? Do you think the market is going to remain bearish for the next two months before another bull run may start?
As for me, there is bull run some days or weeks to election and also during election time in United States. 2 months is close to that time.
No one can really tell if the market will go bearish for 2 months or it will go the opposite way around. But if ever that happens, I don't think it's something to be worry too much. This is the best time for new investors to enter the market at its perfect timing, and the best time for old investors to continue growing their portfolio by accumulating more bitcoin at its very affordable price.I know that analyses can be wrong. But let us have some fun. What do you think about this? Do you think the market is going to remain bearish for the next two months before another bull run may start?
As for me, there is bull run some days or weeks to election and also during election time in United States. 2 months is close to that time.
However, on the other hand, those who have weak hands will certainly experience another challenge again. But if btc price will never drop this much but will continue to get bullish, then I think the market will be starting to head for the final bull run hopefully.
If the weekly candle picks itself back up past 62.5 K then I doubt this dip will continue. I am looking entirely at the fibonnaci resistance and support levels.
I don't believe this market is going to remain bearish for the next 2 months. As we can see, tendencies are changing here quite fast, without lasting more than few weeks, so why should we believe the current one is going to last for such long period of time?
There isn't even a good reason behind the current bearish scenario, so it's another reason why it could change at anytime for a bullish one. Speculators are playing with Bitcoin's price and that is a signal they want to spread fear and uncertainity among investors before Bitcoin pumps again, so they can purchase more coins from the fearful investors for a cheap price.
Actually, speculators want everyone to really believe the analysis shared above, so the price dumps further, Bitcoin gets cheaper and they accumulate even more coins in the end.
There isn't even a good reason behind the current bearish scenario, so it's another reason why it could change at anytime for a bullish one. Speculators are playing with Bitcoin's price and that is a signal they want to spread fear and uncertainity among investors before Bitcoin pumps again, so they can purchase more coins from the fearful investors for a cheap price.
Actually, speculators want everyone to really believe the analysis shared above, so the price dumps further, Bitcoin gets cheaper and they accumulate even more coins in the end.
Anyone can give whatever analysis they know but it is very hard to understand the price movement of bitcoin. Initially, after the bitcoin conference which Trump gave a speech on bitcoin and we saw a little pump in price, everyone said that it was Trump so what is causing this dump.
It is good that at this moment one should allow the market to roll and let's just relax and watch the prices that the market will bring to us and those investors that have accumulated little bitcoin should use this opportunity to continue buying because for sure we will hit the bull run soon but no one knows when.
I saw the news that the stock market also experienced a fairly sharp decline, so it is now in a downtrend maybe August will be a red color for the bitcoin market but we don't know where bitcoin will move maybe because it will be closer to the US election.It is good that at this moment one should allow the market to roll and let's just relax and watch the prices that the market will bring to us and those investors that have accumulated little bitcoin should use this opportunity to continue buying because for sure we will hit the bull run soon but no one knows when.
Actually I don't know if this will be a two-month continuation of the analysis someone knows? Believe it or not we won't see that as a benchmark and it's possible that with analysis it could happen it's just that we don't know yet where bitcoin will go.
There is no other way but to buy from now on, this is the right price drop accumulation is the only thing to think about.
Anyone can give whatever analysis they know but it is very hard to understand the price movement of bitcoin. Initially, after the bitcoin conference which Trump gave a speech on bitcoin and we saw a little pump in price, everyone said that it was Trump so what is causing this dump.
It is good that at this moment one should allow the market to roll and let's just relax and watch the prices that the market will bring to us and those investors that have accumulated little bitcoin should use this opportunity to continue buying because for sure we will hit the bull run soon but no one knows when.
It is good that at this moment one should allow the market to roll and let's just relax and watch the prices that the market will bring to us and those investors that have accumulated little bitcoin should use this opportunity to continue buying because for sure we will hit the bull run soon but no one knows when.
Do you think the market is going to remain bearish for the next two months before another bull run may start?
I can't say. For now, price is just going up and down and one can't make a proper prediction from it but I feel it will not be bearish, if anything we may see it going back to the $60k region and remain there. I really don't know what caused the sharp dip that saw price dropping to $50k and I'm sure many panicked that it will drop to $40 something and may have rushed and sold their coins but we are seeing upward moves and I just hope it stays that way. 
In the other thread you created on August price prediction I had warned that a we were heading for the $50k market price if there wasn’t a break above the $70k and it definitely did happen, this time around it wasn’t just any techno analysis but very strong fundamentals which are major things that usually make the market to stay low for long period of time. I could remember the 2022 crash where recessions talks where frequent, now with such news going around of its potential then I think we might be facing same problem of a down turn as the number of buyers wouldn’t be much and the market can only be consolidating for months, so yes we could be in bearish position for two months
My prediction is if we manage to break the $70k then there is high chance that the market will move towards breaking the ATH again but should there be another test of resistance at $52k then I see the market going down to $50k and ranging again for sometime probably the whole of this month or until the Q4
I read about the next 2 month bearishness until bull run from this link https://cointelegraph.com/news/bitcoin-price-downside-last-2-months
I know that analyses can be wrong. But let us have some fun. What do you think about this? Do you think the market is going to remain bearish for the next two months before another bull run may start?
As for me, there is bull run some days or weeks to election and also during election time in United States. 2 months is close to that time.
I know that analyses can be wrong. But let us have some fun. What do you think about this? Do you think the market is going to remain bearish for the next two months before another bull run may start?
As for me, there is bull run some days or weeks to election and also during election time in United States. 2 months is close to that time.
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