Bitcoin price is in a downtrend, will it last long or temporary? - page 2.

Hamphser

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Quote from: STT on October 09, 2021, 03:26:35 PM

The confusing part is always there are multiple trends occurring concurrently, the best way to consider action is by time frame and recognizing the largest time frames often win out in significance vs shorter term. So we might have had a downtrend but its proved weaker then the overall rising price this year marked by the 50 week average. That average contains alot of volume and encapsulates both main markets and weekend trading.

And that what makes this market is really hard to predict on due to this kind of behavior.It could pump and dump or moving sideways and knowing on when it would happen is impossible.

Whenever there's a down trend then it is just right that you would really be making those moves on where you do accumulate coins while its still cheap but the question is on when?

Determining several factors is really hard to be done on point that's why investing on crypto is somewhat mixed out with gambling kind of acts because you wont really know on what
would happen next.

STT

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The confusing part is always there are multiple trends occurring concurrently, the best way to consider action is by time frame and recognizing the largest time frames often win out in significance vs shorter term. So we might have had a downtrend but its proved weaker then the overall rising price this year marked by the 50 week average. That average contains alot of volume and encapsulates both main markets and weekend trading.

savetheFORUM

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Quote from: Kusman on October 09, 2021, 11:04:11 AM

The downtrend you mentioned didn't last long and Bitcoin price has started climbing very quickly even so the FUD that China tried to spread in the market. Now, we are talking about how much the price can go up in the coming days or even months maybe. The biggest thing that people are waiting for is of course a bull market. We have missed to see one a lot. And I think that we will see one in this year.

Right now we have some better things happening as bitcoin is strongly resistance at $55K even it's not breaking this bearer but many feeling this could be turning point for this because after this next stop is very attractive and good for going high. And if it's not going to break this and falling again then surely we are going to be in bad shape, and we can face some long time here even more drop is also possible.

If there's no bad news and the market suddenly turn into downtrend, It's either a correction of the price in order to increase more or to make break out.

barbara44

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Quote from: Oilacris on October 08, 2021, 05:55:47 PM

Opposition of trends do normally happen whenever someone ask out about downtrend and suddenly the trend comes positive or increasing then its just normal to see up these kind of questions but it turns out to be

contradictory on what we are currently seeing now and this is the main behavior of the market specially with Bitcoin. State of price would be always temporary and there's no such thing about staying it up or being

stabilize.It might be a long time sideways movement but significant movements like rising or going down could happen anytime without anyone knowing.

This is precisely true. Whenever I see people not being sure about what's going on, I like to remind them that crypto is something goes up up up up up and then crash, stay low low low low then skyrocket. It is just the way market is and there is nothing we can do to change it, we have to accept it as it is. There will be ups and there will be downs, that is how the market works, and not just crypto market neither, every market is like that.

Nothing can continue to be higher forever without any drops, some people need to sell to take profit, and that is what happens sometimes, people take out profit, or make trading choices and so forth. All in all I just mean that we should be not worried when it is low and take advantage of it, and not get too hyped when it is high and buy too much at the peak, because if you do these two things, then you will be fine for sure.

Mahanton

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Quote from: the ghabbar on October 09, 2021, 12:25:06 PM

Quote from: Rimueng on September 28, 2021, 09:03:00 AM

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in default when it comes to this manner.

the ghabbar

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Quote from: Rimueng on September 28, 2021, 09:03:00 AM

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

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Quote from: Fakhrulenclix on October 06, 2021, 10:55:56 AM

now i see the price of BTC has increased 10%+ early october which is very good as predicted by many people about the price of bitcoin in october but if you want to see the new ATH of bitcoin this month i think it will be very difficult because the price difference is very far compared to current prices.

After struggling from the decline caused by the Chinese FUD last September and currently the movement of bitcoin has managed to touch the $55k mark in a short period of time, but if you are expecting a new ATH for bitcoin this month it will not happen soon because usually after a rise the price will undergo a correction first to bounce back to higher prices.

The success of bitcoin breaking through the $55K price resistance in October is certainly very encouraging for us, with the success of bitcoin now, of course bitcoin will be able to reach the next target and be able to break through $60K by the end of this month, it's true as you said, if the possibility of bitcoin will experiencing another correction, but I see bitcoin starting to get a lot of positive sentiment so that it will make it possible for the price to rebound quickly after the correction, especially now that bitcoin liquidity in the market is quite large.

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The downtrend you mentioned didn't last long and Bitcoin price has started climbing very quickly even so the FUD that China tried to spread in the market. Now, we are talking about how much the price can go up in the coming days or even months maybe. The biggest thing that people are waiting for is of course a bull market. We have missed to see one a lot. And I think that we will see one in this year.

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Quote from: Rimueng on September 28, 2021, 09:03:00 AM

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

The downward trend at that time has returned to normal for bitcoin today, even if seen from the development of bitcoin at the beginning of the month, the price difference is very far for now, bitcoin is starting to find a pretty good value on the market, most likely by the end of the year bitcoin will reach a price of $ 60,000 and even more, if you look at market conditions and the trend towards bitcoin, many people predict bitcoin by the end of this year will be very valuable and predictions made by people are more rational than in previous years.

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Quote from: redsun114 on October 08, 2021, 04:43:23 PM

Quote from: barbara44 on October 07, 2021, 04:58:02 PM

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Yeah, the reversals are pretty fast in crypto and it is very hard to catch them all. I have to say that it is clear to me that crypto either crashes for a while then BAM! suddenly goes up and a lot as well, or it does exactly the opposite when crashing. I do not know how it is quite easy to change the momentum that way and that easily but I am pretty sure that it is not going to stop anytime soon neither.

Looking at how things are going, it is obvious to me that we are going to have another crash after this increase, maybe it will keep going up more and more but one day it will crash eventually, then it will also keep crashing and going down then suddenly it will start to go back up. I know that this will 100% happen but I do not know when and I do not know at what price, this is why we are not taking advantage of this fact, since all the data is not complete.

For people who have been in the crypto world for a long time, they are used to seeing volatile price movements. Because it is very difficult to
predict which direction crypto prices will move, even the current increase does not guarantee 100% that the market will continue to rise.
Moreover, the increase in crypto is now quite high, it is very likely that the price will correct in the near future. Indeed, if we invest in crypto,
we must get used to falling and rising prices that move very quickly. If there is an opportunity to take profit, do it immediately, delaying it will
only eliminate our chance to make a profit. Unless the coins we choose are potential coins, of course holding until the target is achieved we can do.

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Quote from: barbara44 on October 07, 2021, 04:58:02 PM

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

We will see, but I have a feeling that we will get into a new all time high. And the next question is what will be the next all time high? 6 digits $100k?

Quote from: barbara44 on October 07, 2021, 04:58:02 PM

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Everyone is entitled to his own opinion here, myself also wants to see the price to $100k or even more. Your $80k is just a conservative prediction. So let's wait, October pump might continue up to the end of the year. And we can all realised if our prediction became true or not.

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Quote from: barbara44 on October 07, 2021, 04:58:02 PM

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Opposition of trends do normally happen whenever someone ask out about downtrend and suddenly the trend comes positive or increasing then its just normal to see up these kind of questions but it turns out to be

contradictory on what we are currently seeing now and this is the main behavior of the market specially with Bitcoin. State of price would be always temporary and there's no such thing about staying it up or being

stabilize.It might be a long time sideways movement but significant movements like rising or going down could happen anytime without anyone knowing.

redsun114

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Quote from: barbara44 on October 07, 2021, 04:58:02 PM

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Yeah, the reversals are pretty fast in crypto and it is very hard to catch them all. I have to say that it is clear to me that crypto either crashes for a while then BAM! suddenly goes up and a lot as well, or it does exactly the opposite when crashing. I do not know how it is quite easy to change the momentum that way and that easily but I am pretty sure that it is not going to stop anytime soon neither.

Looking at how things are going, it is obvious to me that we are going to have another crash after this increase, maybe it will keep going up more and more but one day it will crash eventually, then it will also keep crashing and going down then suddenly it will start to go back up. I know that this will 100% happen but I do not know when and I do not know at what price, this is why we are not taking advantage of this fact, since all the data is not complete.

barbara44

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Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

jakdanyel

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kycfree

The downtrend of Bitcoin price is already gone in a very short period of time. It turned out to be a temporary one. But it was really surprising too. Because nearly all of us were waiting for the price to go down after the China FUD. It would really affect the market in a bad way. But we have witnessed completely the opposite so far. Bitcoin's volatility worked for the benefit of people this time. Cheesy

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Quote from: ethereumhunter on October 06, 2021, 04:52:03 AM

Reaching $51k is good news because we are now making a profit from the increase, and we should be happy about that. Some already regret not buying bitcoin when the price is still lower because they believe it can touch that price. Maybe the price can touch the price but we do not know if that can happen or not. So while the price now increases and back to $51k, it is better to use that for our benefit and sell some bitcoin if we want.

I still sort of "regret" not buying earlier. I mean sure I bought as much as I can afford to buy and I had not much money left which I needed to live, so I do not exactly regret it, obviously I would regret more if I had more money that I could buy and didn't. However, it is still a good feeling to know that I was right to buy when it was lower and I knew that it would go up.

Many people were calling for a bear run and said that it will not be doing well, yet at the end of the day we ended up with something that is much higher and that makes me happy. Basically not only I made money on my prediction but also I can say I was right compared to all those other people.

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Quote from: Fakhrulenclix on October 06, 2021, 10:55:56 AM

Quote from: ILuckyGuyI on October 06, 2021, 05:01:02 AM

Half an hour ago, Bitcoin price was still over $51k. But after that, it started slowly going down. It is now trying to consolidate its place at $50k and not to go down below the level again. If the price becomes successful on resisting here, maybe this time we can see the price over $53k. I really want to see a new ATH level in this month. There has been a possibility of a Golden Cross this month. I hope that happens or happened and we can see a great increase in the price.

now i see the price of BTC has increased 10%+ early october which is very good as predicted by many people about the price of bitcoin in october but if you want to see the new ATH of bitcoin this month i think it will be very difficult because the price difference is very far compared to current prices.

While I think we are on the verge of entering a new bull market at the same time we do not need this to begin immediately, I see October as the month that is going to position bitcoin in the right spot to begin attacking the ATH, but I do not think this is the month in which it will happen.

I speculate we will see this on November or December of this year, and when that happens you better prepare yourself because I think there is a very real possibility that the price of bitcoin will go easily above 6 figures during the bull run that is coming.

Fakhrulenclix

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Quote from: ILuckyGuyI on October 06, 2021, 05:01:02 AM

Half an hour ago, Bitcoin price was still over $51k. But after that, it started slowly going down. It is now trying to consolidate its place at $50k and not to go down below the level again. If the price becomes successful on resisting here, maybe this time we can see the price over $53k. I really want to see a new ATH level in this month. There has been a possibility of a Golden Cross this month. I hope that happens or happened and we can see a great increase in the price.

now i see the price of BTC has increased 10%+ early october which is very good as predicted by many people about the price of bitcoin in october but if you want to see the new ATH of bitcoin this month i think it will be very difficult because the price difference is very far compared to current prices.

ILuckyGuyI

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Half an hour ago, Bitcoin price was still over $51k. But after that, it started slowly going down. It is now trying to consolidate its place at $50k and not to go down below the level again. If the price becomes successful on resisting here, maybe this time we can see the price over $53k. I really want to see a new ATH level in this month. There has been a possibility of a Golden Cross this month. I hope that happens or happened and we can see a great increase in the price.

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Quote from: Twinkledoe on October 05, 2021, 03:17:28 PM

Quote from: ethereumhunter on October 05, 2021, 06:02:41 AM

Quote from: Kong Hey Pakboy on October 05, 2021, 12:59:07 AM

It might last long but it will always be temporary, remember that bitcoin is doing just fine and has been that way for a decade already so we don't need to worry too much about it because at the end of the day, bitcoin will continue to appreciate.

Yes, I agree with you. It is just temporary and if we see the price now, the price seems will increase more and the price already touches $50k for a while but it went down and back to $49k. This sentiment will continue and the price is back to more than $50k. It will only be a matter of time so we need to have more patience. Besides that, if our target price to sell is more than $55k-$60k, we should not worry because the price will be at that price soon.

Only after about a week the OP posted his thread, and his worries are already answered. We are now at 51k level and it seems it is still rising. The impact of China news was just temporary, and now, the market is going up again. And now, some will regret that they haven't bought btc when it was below 50k. Same old story. The adoption today is different as more countries are recognizing the potential of crypto. We may see the up and down movement but that's the normal behavior of any market.

Reaching $51k is good news because we are now making a profit from the increase, and we should be happy about that. Some already regret not buying bitcoin when the price is still lower because they believe it can touch that price. Maybe the price can touch the price but we do not know if that can happen or not. So while the price now increases and back to $51k, it is better to use that for our benefit and sell some bitcoin if we want.

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