Whether the downward trend will last long or not, it is always temporary. I have a positive feeling that December will end with Bitcoin reaching $50,000 or above. For the meantime, the price will continue to rise and fall, touching below $45,000 and then recovers a little bouncing back to $47,000 to $48,000. And then falls down again. But I think December will close with Bitcoin getting back to $50,000.
2022 is expected to be a bullish year because the goal in 2021 is not hit. It will spillover to 2022.
Topic: Bitcoin price is still in a downward trend, will it last long or temporarily? - page 3. (Read 497 times)
December 20, 2021, 08:19:05 PM
December 20, 2021, 07:40:28 PM
no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
That's more reason to wait things out for anyone who wants to sell now because, this bear market has a limit and then the bull market will enter and you don't want to miss out on those times because that's when a lot of people's changed just because they persevere and was patient to hodl and weather the storm. if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
December 20, 2021, 06:56:48 PM
no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
The current condition of this market is quite bad, but that doesn't mean it's the end of bitcoin, bearish and bullrun markets are normal things to happen in the cryptocurrency world, and of course with market conditions like today it is an opportunity for us to buy bitcoin at a cheap price, I agree with what you said, because as it happened before, after bitcoin dropped usually the price would recover and possibly reach a new ATH on each bitcoin rebound.if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
December 20, 2021, 05:52:18 PM
I just noticed that we may be moving past the trend, just roughly drawn doesnt mean the market agrees with how I've viewed it but its a possibility we have more days outside this negative trend then previously seen before now.
So we've had almost 6 days in a row it went outside of the general trend not positive exactly but a net effort that was better to the previous series of negative days, this faint trace of a lesser negative can be what precedes more obvious positive action I've observed this before but its also a case of careful watching and patience not to jump the gun in conclusions. I'm looking for that possible rise and recovery from here over maybe weaker volume holiday season, how concrete that relief from selling might be is another matter to consider.
So we've had almost 6 days in a row it went outside of the general trend not positive exactly but a net effort that was better to the previous series of negative days, this faint trace of a lesser negative can be what precedes more obvious positive action I've observed this before but its also a case of careful watching and patience not to jump the gun in conclusions. I'm looking for that possible rise and recovery from here over maybe weaker volume holiday season, how concrete that relief from selling might be is another matter to consider.
December 20, 2021, 10:45:03 AM
no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
The current condition of this market is quite bad, but that doesn't mean it's the end of bitcoin, bearish and bullrun markets are normal things to happen in the cryptocurrency world, and of course with market conditions like today it is an opportunity for us to buy bitcoin at a cheap price, I agree with what you said, because as it happened before, after bitcoin dropped usually the price would recover and possibly reach a new ATH on each bitcoin rebound.if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
December 20, 2021, 09:53:43 AM
no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.
December 20, 2021, 06:34:08 AM
The current price is pretty stable at 46-48K USD for now.This isn't a downward trend.
It seems that the market won't make big moves(both up or down) until the end of 2021.
Everything in the BTC market is temporary.Do you expert the current price to stay for 6 to 12 months?
The current price is where Bitcoin should be.The 68K USD price which occurred several weeks ago was pretty unrealistic and artificially pumped.We shouldn't get too focused on the Bitcoin price during the holidays.
I expect the Bitcoin price to drop even further down to 40K USD,but there should be a steady pump in the second quarter of 2022,if nothing bad happens and there's no major FUD.
It seems that the market won't make big moves(both up or down) until the end of 2021.
Everything in the BTC market is temporary.Do you expert the current price to stay for 6 to 12 months?
The current price is where Bitcoin should be.The 68K USD price which occurred several weeks ago was pretty unrealistic and artificially pumped.We shouldn't get too focused on the Bitcoin price during the holidays.
I expect the Bitcoin price to drop even further down to 40K USD,but there should be a steady pump in the second quarter of 2022,if nothing bad happens and there's no major FUD.
December 20, 2021, 05:23:30 AM
To me, it happens like a dream. That bitcoin price falls unexpectedly without notice. My expectations was high that bitcoin will soon reach her predicted ATH of $100k after it passes $65k last month. Crypto market can shock your emotions within an hour.
No matter how bearish the market seems bitcoin price won't ever fall below $40k, before it boomerang back. This downtrend price is just for a while, it won't last for so long.
Am expecting a positive passive income of bitcoin by next year
No matter how bearish the market seems bitcoin price won't ever fall below $40k, before it boomerang back. This downtrend price is just for a while, it won't last for so long.
Am expecting a positive passive income of bitcoin by next year
everyone thought that there would be growth til the new year, but ..
December 18, 2021, 05:27:16 PM
The Bitcoin market has been in a downward spiral for the past few weeks, which is now a concern for many investors. Feet No one can say which way the market is? However, many have blamed it on new forms of coronavirus. Many are trying to see if it will last long.
December 18, 2021, 01:10:16 AM
Bitcoin has been going down for a long time. As a result, many investors are suffering from depression. If this situation continues then the situation of investors will not be normal. Since one of the religions of trading business is to be up and down. Even though BTC is currently on a down trend, we may soon get a positive signal. We should wait a little longer. I think from next year we will see the green light of Bitcoin.
December 17, 2021, 09:31:32 PM
That is exactly what most people are doing, as long as you could make a profit from the downtrend then you are not going ot be worried about the downtrend neither. I am sure that it will definitely be something that is risky for most people but at the end of the day if you can buy some more then you are going to end up with a lot of profit and that's what matters.
I hope that people will eventually realize that downs are part of the market and if you really want to profit then you should buy as much as you can during those times. For some reason people end up selling in a panic mode and then get upset that they lost money, no idea why they do that. I mean if it drops, it is still a solid investment, bitcoin didn't suddenly turn into shitcoin overnight just because it dropped, "what if it drops more!!!" is not valid argument, you just buy more if it drops more.
People need to learn to control their emotions when the market is at a downtrend so they do not have to panic instead, figure out how to use the moment by buying for more amounts. That will be a discount price for them, especially if the price is dropping so they can buy at a low price. If they can do that, they will see the profit will come to them in the next uptrend and that means they will have a chance to make a profit many times by buying low and selling high.I hope that people will eventually realize that downs are part of the market and if you really want to profit then you should buy as much as you can during those times. For some reason people end up selling in a panic mode and then get upset that they lost money, no idea why they do that. I mean if it drops, it is still a solid investment, bitcoin didn't suddenly turn into shitcoin overnight just because it dropped, "what if it drops more!!!" is not valid argument, you just buy more if it drops more.
If people realize that the crypto market will always go up and down, they will not panic. As long as they do not sell at panic, even if their value investment is down, they will have a chance to see the value investment will go up when the market bounces up. When it comes to bitcoin investment, the value will be increase someday and if the downtrend comes, they should buy for more.
December 17, 2021, 08:40:30 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.
you must be happy because of the continuing support from the community and the price is strongly holding this near 50k price.what we must be worried if the price subside to 20k level or even low because that point we have nothing to go but Keep the holding.
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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 guess so, maybe this will be the trend this whole December as started showing weak and will continue weakening until next step comes in 2022.or maybe in 2023?
December 17, 2021, 08:11:47 PM
As long as we are for long term hodling, i guess corrections will not bother us much as we never intend to sell at a lower value. So even if ATH comes a late off, we should still look forward for it.
Holders so far are still a minority in my opinion, while the majority will sell their bitcoin when prices are high. So I think the holders are those who are willing to ignore price volatility regardless of how big the correction will be. Long-term investors are usually less bothered by correction, but panicked traders can make some investors think twice about buying more or selling some.However, i don't see chances that this correction will last for long as usually it does occur only temporarily. And its a good thing to remain optimistic no matter the situation is because in the long run, bitcoin and strong altcoins will always find their own ways to recover and reach their new ATH finally. Although it may be uncertain this time but i know it will eventually realized in time.
The fact is that the recent recovery has been slow which seem unusual during 2021. I agree about the potential, but the number of transaction seems to be starting to increase which is currently marked by an increase in transaction fees during the recent correction. So we can be a little worried about the continued correction during this month, but nothing is impossible about ATH. Optimistic to hold and strengthen your hands. December 17, 2021, 04:54:08 PM
Downtrend is always temporary, time will come that it will reverse into a new uptrend slowly but surely. The best thing to do during downtrend is always to buy, we already saw this kind of scenario especially with Bitcoin so better not to lose this chance to increase your holdings, buy low and sell high this has been the scenario since then. Recover of the price is inevitable, have more patience.
December 17, 2021, 04:48:33 PM
I am not too worried if bitcoin is still in a downtrend because I can still wait for more and will buy more satoshi's. I am sure it is just temporary and will end soon, but you should not panic if the price is still going down because many people now tend to panic and prepare to sell their bitcoin instead of holding tight of their bitcoin. Once we sell our bitcoin and are afraid to buy back bitcoin, we can lose the chance to make a profit in the next rise of bitcoin, so I suggest you hold your bitcoin tight and never sell at this moment.
That is exactly what most people are doing, as long as you could make a profit from the downtrend then you are not going ot be worried about the downtrend neither. I am sure that it will definitely be something that is risky for most people but at the end of the day if you can buy some more then you are going to end up with a lot of profit and that's what matters.I hope that people will eventually realize that downs are part of the market and if you really want to profit then you should buy as much as you can during those times. For some reason people end up selling in a panic mode and then get upset that they lost money, no idea why they do that. I mean if it drops, it is still a solid investment, bitcoin didn't suddenly turn into shitcoin overnight just because it dropped, "what if it drops more!!!" is not valid argument, you just buy more if it drops more.
December 17, 2021, 03:49:48 PM
The current situation can automatically cause me to wonder, whether the current bearish cycle will continue until the end of the year or end soon where we will see a big pump started at the beginning of the year. but before there is a breakout of the resistance, the current bearish looks likely to continue until the end of the year.
You can see the same pattern on the previous ATH in April and compare it to the November ATH. The pattern is almost the same in the short term where after ATH occurs you can find that the price started to correct for several weeks. In the short term I think the price could still correct deeper and this assumption is strengthened by the possibility of some big traders leaving at the end of the year for a vacation. Investors may be willing to stay, but will be different from traders in general. So it might be true to see ATH delayed for 1 to 3 months from now.I don't want to speculate further about when and how the next ATH scenario will happen, but it doesn't hurt to remain optimistic to expect a new ATH to occur at the end of the year or in Q1 2022.
December 17, 2021, 03:24:37 PM
I think it's temporary I meant his particular price range of $40k to $50k would not carry on forever and then it would either cross $50k and go on bullrun else drop down below $40k for a possible bearish market. But it will not go crash as there are some big players who have bought Bitcoin when it price was over $30k. It's just that panic selling will hurt the market and it will recover I don't think we will see repeat of 2018.
The price drop a little more today. This is really causing more panic to shaky hands but I believe we are going to see better price by the next week. Next week can be volatile because stronger hands may start buying the dip again today , it is showing already this evening recovery slowly catching up.
December 17, 2021, 02:32:42 PM
There are many chart analysis which can give us a guide or estimate as to where
we are and possibly what to expect.
we are and possibly what to expect.
Let me correct you: there are many useless chart analysis...
I like to come to the speculation section because deep down we would like to be able to predict the future of the price but deep down we know it is impossible. If the prediction and the price coincide, in most cases it is simply because of statistics, with so many predictions that are made, one has to be right, but not because there is a relationship between the charts and the analysis and the final price.
Until now we thought we had a guide to base ourselves on, that this cycle was going to be like the previous ones, also the S2F, but at this point we should be much higher than we are, so we no longer know very well what to base ourselves on, but obviously we will continue to speculate.
I stand corrected @Poker Player
I agree with your synopsis of the various chart analysis, to use an analogy, "if you
throw enough $hit some of it is bound to stick"
Again today bitcoins market price is a continuation of the last week or so....sideways!
On some positive notes we have to consider regardless of market value Bitcoin is
currently being used as an alternative currency El Salvador, it is a real viable
option for wealth transfer regardless of location and is being used as a hedge against
inflation, the result of all these actions will at some point manifest themselves on the market.
Unfortunately I recon that the new people who need to HODL Bitcoin are selling ATM,
and the people who have the means Whales are buying.
December 17, 2021, 02:30:24 PM
Im not really anticipating that much for some bull runs or good increasine price run on this year end.Lots of speculations floating around on what would happen on 2022 which is always been an unknown thing.
All that we could do is to wait up because demand and adoption is something we do need to make out some significant moves.
We may expect or not but bitcoin is known for performing on its own because we cannot speculate when institutions will be accumulating billions worth of bitcoins behind the screens. I mean we must need big investors from here to have significant movements and retail investors cannot do anything about triggering out another round of bull trend.All that we could do is to wait up because demand and adoption is something we do need to make out some significant moves.
Personally I am expecting Elon and similar people including microstrategy kind of institutions may invest up to $10 billion dollars in coming weeks which may take us into new ATH and then slowly toward $100k levels but not sure where we are going to end this year which might be above $60k levels in rough estimates based on trend meter of bitcoin as of now.
December 17, 2021, 02:29:20 PM
I think it's temporary I meant his particular price range of $40k to $50k would not carry on forever and then it would either cross $50k and go on bullrun else drop down below $40k for a possible bearish market. But it will not go crash as there are some big players who have bought Bitcoin when it price was over $30k. It's just that panic selling will hurt the market and it will recover I don't think we will see repeat of 2018.
The price drop a little more today. This is really causing more panic to shaky hands but I believe we are going to see better price by the next week. Next week can be volatile because stronger hands may start buying the dip again today , it is showing already this evening recovery slowly catching up.
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