Bitcoin price is still in a downward trend, will it last long or temporarily? - page 2.

pieppiep

hero member

Activity: 1596

Merit: 502

Quote from: Vaculin on December 22, 2021, 02:16:58 PM

Bitcoin current price looks more bearish on our eyes but its definitely a bullish price knowing it does not fall below $40k and those who bought bitcoin when it was $30k or $40k are still considered in a huge profits by now.

However, even if the market always seems to be unpredictable, we know it will always be certain that bitcoin price won't stay for a very long time staying in a lower value when it has high potentials to increase its value. I think we should be more patient while waiting for bitcoin price to recover as it will never settle in a downward trend.

Hohoho, I am very happy to see my long is green Grin

Our patience is now getting paid as the price can reach $50k. It is a good moment to close my trade and enjoy my profit Grin

I expect to see another good bullish from bitcoin but it seems the price needs days to rise. I wonder if the price can still grow at the end of the year as we have at least five days later to see the end of the year. Hopefully, what we want can come true and make a big profit later.

Quote from: tygeade on December 22, 2021, 03:59:20 PM

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

I am sure you are now happier to see the price can touch by $50k. It means bitcoin will go strong, but if the price gets another correction after this, we need to wait for a while and buy back for more. Reaching $100k will be a matter of time but I am sure it will go through that price someday, no matter if that will needs more than two months later or even a year to see the price will be at $100k. Yes, we are doing fine so far and now, congratulations to people who bought bitcoin at $45k-$48k Grin

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: tygeade on December 22, 2021, 03:59:20 PM

Quote from: pieppiep on December 22, 2021, 09:41:34 AM

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.

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

There would be always that kind of impression on which whenever the price had made out some small recovery in price then they would really be treating it as a start of bullish run which it shouldnt really be like that because you would really be keeping on anticipating on things which doesnt really need to be having in mind.

Price is always been unpredictable and theres no way you could really able to say on what price we are facing now neither its a downward trend or upward ones.

Price movement or market movement will depend on different factors from traders itself or other possible sentiments.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: pieppiep on December 22, 2021, 09:41:34 AM

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.

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Kasabus on December 21, 2021, 04:51:30 PM

Quote from: TheEconomists on December 21, 2021, 04:30:02 PM

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

I think what we have at the moment are just all speculations since no one is capable to make a right prediction when it comes to a very unpredictable market. But i do believe that this current correction will always come to an end, and by that time a new hope for all of us will start to set in. Despite all the uncertainties we have in this crypto space, one thing will always be certain, bitcoin will always recover from all types of dumps and its price will always bound to move in an upward trend.

So far, the price isn't having a correction yet as it's moving up and down between $47k to $49k and it's just a good position but what happens next will determine the market output. But based on the chart, Bitcoin price will break the resistance and make a new ATH again next year as this year is not what most are expecting to happen.

We are all just speculators here but at least some of us have a clear view what would be the future possible price of Bitcoin if it moves to the same direction. Fomo is just around the corner and it will probably gonna show up next year that will make the small fish to buy and I'm sure there's a certain period they'll dump after the hype.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: pieppiep on December 22, 2021, 09:41:34 AM

Quote from: arufox on December 16, 2021, 03:13:34 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.

Bitcoin current price looks more bearish on our eyes but its definitely a bullish price knowing it does not fall below $40k and those who bought bitcoin when it was $30k or $40k are still considered in a huge profits by now.

However, even if the market always seems to be unpredictable, we know it will always be certain that bitcoin price won't stay for a very long time staying in a lower value when it has high potentials to increase its value. I think we should be more patient while waiting for bitcoin price to recover as it will never settle in a downward trend.

pieppiep

hero member

Activity: 1596

Merit: 502

Quote from: arufox on December 16, 2021, 03:13:34 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.

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: arufox on December 16, 2021, 03:13:34 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 have seen the recent past that btc was continuously climbing to the new ATH again and again .After that on this December we have seen a huge drop which pull back it to the 45k$ and much below than it has started too recover .It was mostly stable around 46k$ but yesterday when i opened the market, i have seen it has started to recover and the price is around 49k$ now which makes me more confidence if ths trend keep continue we can easily hit a new ATH at February or so early as well .Remember its a usual behave of the market that it wil go through ups and down we need to watchful on the momentum and the trend as well if it is strong or week .However the new year may give us a new opportunity which we got in this year hope we will find a new strong uptrend which helps btc to go to hit the level of 100k$ what we are really expecting .Let's see how market behave with us .

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: arufox on December 16, 2021, 03:13:34 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.

I am not losing Hope about this mate because looking at the market now ? it is backing from Red to Green https://coinmarketcap.com/ so yes this is temporary downtrend and the uptrend is beginning since yesterday.
We are aiming for at least 70k this year as the record of new ATH but of course come or not it is fine because this year of 2021 is the bullish year Bitcoin and the market ever had.

Quote from: TheEconomists on December 21, 2021, 04:30:02 PM

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

How come that you know that? more downtrend in the beginning of 2022?

Because your economist? Grin

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: TheEconomists on December 21, 2021, 04:30:02 PM

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

I think what we have at the moment are just all speculations since no one is capable to make a right prediction when it comes to a very unpredictable market. But i do believe that this current correction will always come to an end, and by that time a new hope for all of us will start to set in. Despite all the uncertainties we have in this crypto space, one thing will always be certain, bitcoin will always recover from all types of dumps and its price will always bound to move in an upward trend.

TheEconomists

member

Activity: 267

Merit: 11

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Of course the current bitcoin situation is temporary and it's going to change soon at any time to an upside trend. And although many people complain about bitcoin right now and consider it bearish, I see bitcoin is stronger than ever, otherwise we would have already seen it falling below 41,000$, while in fact what we is bitcoin very strong between 41,000$ and 49,000$.
Bitcoin is fighting to rise again and by watching the daily fluctuations it's very clear. Investors just need to a little more patient and focused on the long run goal that is more important than any news or predictions you may find on the internet right now.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: rahmatrf331 on December 21, 2021, 09:54:47 AM

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems.

We do get to see the same trend over and over again. But with next year, we don't know if the trend continues to be downward or there will be a bullish trend that will be formed.

Quote from: rahmatrf331 on December 21, 2021, 09:54:47 AM

so get ready bitcoin fly away after passing the first week of 2022.

Well, that makes sense as we don't know what's going to happen after the first week or so by 2022.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: rahmatrf331 on December 21, 2021, 09:54:47 AM

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

While that could happen it is better to keep an open mind when it comes to what the bitcoin market can do, after all this market is famous for its volatility, and this means the market can change directions at a very fast speed, so even if the market of cryptocurrencies currently does not seem to be going anywhere this does not mean this is something that is going to last that long as the buying pressure from investors will eventually accumulate to the point the price will begin to go up again.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: bounceback on December 21, 2021, 04:43:33 AM

Quote from: arufox on December 16, 2021, 03:13:34 PM

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

The price of other coins increase with bitcoin as well whenever bitcoin goes up. Which means that if we are talking about the price going up all together then we need to consider it is normal for them to drop together as well. There is really nothing that we could change in this situation, the market acts together no matter what the direction is. Those analysts say that it is a temporary one but it is always a temporary one anyway, it doesn't require you to be a financial advisor to see that.

Bitcoin went higher in the long term for the past 10 years, which means that no matter how low it gets, it will always recover or at least it has done that so far. Which is why I feel like there is a good chance same thing could be said about this drop as well, so even a regular person could see the price drop and say that it is temporary because price always recovers.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: rahmatrf331 on December 21, 2021, 09:54:47 AM

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

Maybe that is a relationship with the December season of spending that cause uncontrollable spending and hodlers will fall back to their bitcoin to cash out. This is not a very good way but the past has recorded this that way but I am not relying on that fully because things may happen differently for a turn around because institutions will not cash out like individuals doing unnecessary spending this season.

rahmatrf331

member

Activity: 588

Merit: 12

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

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

onecall123

sr. member

Activity: 2156

Merit: 323

Quote from: bounceback on December 21, 2021, 04:43:33 AM

Quote from: arufox on December 16, 2021, 03:13:34 PM

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

We have just now experienced a bullish breakout after the significant decline. Bitcoin still has some levels to climb. It seems very likely that BTC will retest 50K. However, I am not sure if it will succeed. As BTC is one of the sure things in crypto, there is no reason for me to be disappointed by the correction. In the meantime, I have not sold anything in the hope that next year will be even better.

"I don't know if it goes up or down, I think maybe it goes both up and down."

bounceback

sr. member

Activity: 2086

Merit: 283

Vave.com - Crypto Casino

Quote from: arufox on December 16, 2021, 03:13:34 PM

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: arufox on December 16, 2021, 03:13:34 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.

Lowering to 45k last night and now returning to 47k , is this a sign that we are really into Bull trapping like what some says?

because look at the market , almost stabling at this range of value and no sign of increasing further not like what the behavior in the past months.
But also what i noticed now is that the Altcoins are growing high, isn't this the Altcoin Season that many are waiting?(including me because i am holding altcoins together with my Bitcoin)

But whatever it takes, I care nothing because Now I am willing to keep Holding instead.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: arufox on December 16, 2021, 03:13:34 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.

there are no way that we can answer this correctly , instead the market is showing another downfall again and again mate, Bitcoin price is still showing strong Hold at above 45k but we wanted to see more of this as there are only few weeks remaining in December .
waiting for another ATH before this time .

Topic: Bitcoin price is still in a downward trend, will it last long or temporarily? - page 2. (Read 497 times)