I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.
I think that what we are seeing is completely natural, obviously I would not like for the price of bitcoin to keep going down but at the same time it is also clear the price cannot go up all the time, so I think traders and investors do not really see the need to engage themselves in a huge battle over the price right now, this is what it is causing the price to move aimlessly and without any direction, but this is something I think will change during the first months of the next year. 
Topic: Bitcoin price is still in a downward trend, will it last long or temporarily? (Read 497 times)
December 29, 2021, 03:12:04 PM
December 28, 2021, 10:34:02 PM
Price action is not quite negative just yet but within a range its going nowhere for now. I think thats to be expected over holiday season as the name might suggest despite the larger world we are in a holding pattern till main markets all the markets collate enough volume to decide a direction and break these chains.
Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.
Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.
Agreed. Whales and the cryptofunds might have wanted to protect their profits and their yearly Christmas bonuses after they witnessed that the momentum stopped during the beginning of November. The bullishness has turned into a derisking process where another funding reset occured. I reckon this might have left many small investors losing their investments on leverage again.
However, we can be certain that the whales and the cryptofunds are presently holding cash after dumping and they might begin pumping again after the Christmas season.
December 28, 2021, 09:29:25 PM
I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.
If we look at the history of Bitcoin movements, we don't need to worry about the price declines that occurred this month. Because how deep
the price of Bitcoin fell is only temporary, so there is no need to panic if we see the market going down like it is now. Take advantage of the current
decline to buy Bitcoin again, if it turns out that we still have capital. But if we don't have capital, we can be patient holding the Bitcoins we have
until the desired selling target is achieved. Moreover, if early next year Bitcoin can recover by returning above the $60k price, the $75k price target
will definitely be achieved in 2022. So never doubt the future of Bitcoin, if we can be patient, making a profit is only a matter of time.
December 28, 2021, 06:42:01 PM
Price action is not quite negative just yet but within a range its going nowhere for now. I think thats to be expected over holiday season as the name might suggest despite the larger world we are in a holding pattern till main markets all the markets collate enough volume to decide a direction and break these chains.
Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.
Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.
December 28, 2021, 07:32:13 AM
I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.
December 27, 2021, 02:48:00 AM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.
The glass is half-full.
Yeah, others look it that way, they are afraid because they think the price will go down because it's a trap, or we remain bullish all thru next year and the price hits six digits.
Plus if Bitcoin follows the same cycles since 2013, then 2023 will be another opportunity to buy the lowest DIPs of the next bearish cycle. If zoomed out, the bearish DIPs are mere corrections.
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Still 50/50, but in any case, still a win win situation, if it goes down then grab that opportunity to fill your bags and hold for long term, simply as that.
It’s not “50/50”. Zoom out.
December 27, 2021, 02:14:32 AM
But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.
Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.
Looks pretty steady so far, talks about $100k happened in the past months and I was on it as well, though seeing the market right now, it's not going to happen at least for half a year. If it did, which I highly doubt, it's just going to be a quick bubble imo and might even push Bitcoin to levels lower than it is right now, maybe go back to the price of Bitcoin in the year 2020. It'd probably go sideways now, I don't think it'd go down since we just had that, probably found a foundation to hold itself, for now. Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.
Right, it's going to be a bubble and that's what we don't want to happen next year.
In any case, we should be happy that we have reach a new all time high in 2021 and the streak continues that after a halving, the price really went up.
As for the next year, for sure majority of us will be prepared, 2022 might not be a good year, but still we can take it, accumulate and hold will be the game. Profits will always be there, it just we should learn to mitigate the risk also.
December 26, 2021, 11:55:40 PM
But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.
Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.
Looks pretty steady so far, talks about $100k happened in the past months and I was on it as well, though seeing the market right now, it's not going to happen at least for half a year. If it did, which I highly doubt, it's just going to be a quick bubble imo and might even push Bitcoin to levels lower than it is right now, maybe go back to the price of Bitcoin in the year 2020. It'd probably go sideways now, I don't think it'd go down since we just had that, probably found a foundation to hold itself, for now. Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.
December 26, 2021, 08:54:57 PM
this is still not that dangerous downtrend, we are still above $40,000 which means we have no reason to worry, if we manage to break the $53000 we will see another run up to $69000, so we have no reason to worry at least as long as the price is above $40,000... there were many people who believed that the price would reach $100,000 at the end of the year, this made many people buy bitcoin in a wild way, today they are at a loss and the year will end while the price is below $50,000
But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.
Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.
December 26, 2021, 08:34:12 PM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
How we couldn't finish 2021 in green? I don't understand 
We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers.However, if the current upward movement is just a bull trap, then we can't do nothing about it but to wait for the market to be bullish again. As long as we take advantage with the last price correction and make a good buy and hodl, then we will never be bothered much even if this ends as a bull trap.
So please don't quote me when you want to spam next time and stop your spam now or you'll be reported to moderators.
December 26, 2021, 06:11:50 PM
this is still not that dangerous downtrend, we are still above $40,000 which means we have no reason to worry, if we manage to break the $53000 we will see another run up to $69000, so we have no reason to worry at least as long as the price is above $40,000... there were many people who believed that the price would reach $100,000 at the end of the year, this made many people buy bitcoin in a wild way, today they are at a loss and the year will end while the price is below $50,000
December 26, 2021, 05:49:03 PM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
How we couldn't finish 2021 in green? I don't understand We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers.However, if the current upward movement is just a bull trap, then we can't do nothing about it but to wait for the market to be bullish again. As long as we take advantage with the last price correction and make a good buy and hodl, then we will never be bothered much even if this ends as a bull trap.
December 26, 2021, 03:51:56 PM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
How we couldn't finish 2021 in green? I don't understand We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers. December 26, 2021, 02:35:42 PM
From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.
Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.
We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.
December 25, 2021, 04:58:02 PM
You have Russia sitting on the border of a European country threatening to roll back time a couple decades to USSR era, its not really the time for new highs in speculative assets. Still BTC is reasonably positive over the holiday season.
Price is above 2 day, weekly and just below a monthly average. Thats not a bad recovery for now but it requires further momentum to push further up. I do think further revision and cycles in the price occur, its still in a box hoping to break into new ground.
Price is above 2 day, weekly and just below a monthly average. Thats not a bad recovery for now but it requires further momentum to push further up. I do think further revision and cycles in the price occur, its still in a box hoping to break into new ground.
December 25, 2021, 04:44:10 PM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits. The glass is half-full.
I see bitcoin the same way, when people hold it for too long they start to get tired and that's why we can't go to 6 digits right away, that's why it takes time, because people who hold it for too long end up caving in and selling and either make a profit or a loss but they just get out, will get back in most probably after a while but many people want a period where they hold no coin. This is why I believe that we should not be surprised if we go up, and I mean really high, but not hit 100k.
December 25, 2021, 08:00:36 AM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.
The glass is half-full.
Yeah, others look it that way, they are afraid because they think the price will go down because it's a trap, or we remain bullish all thru next year and the price hits six digits.
Still 50/50, but in any case, still a win win situation, if it goes down then grab that opportunity to fill your bags and hold for long term, simply as that.
December 25, 2021, 07:27:10 AM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.
The glass is half-full.
December 25, 2021, 05:07:15 AM
$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.
December 25, 2021, 05:05:25 AM
Price movement or market movement will depend on different factors from traders itself or other possible sentiments.
But there's one way to determine the movement of bitcoin, if we are in a bullish market then surely we will see a lot of pumps, and this month, we haven't seen that anymore and it looks like the hype that happened in the previous months is not happening again. We know what would happen next, if it's a down trend, we should expect that bitcoin will fall and the altcoins market will struggle.
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