Bitcoin price is still in a downward trend, will it last long or temporarily? - page 4.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: stomachgrowls on December 17, 2021, 01:14:44 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.

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.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Oasisman on December 17, 2021, 08:50:54 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.

It will probably roam around the $40k region until the end of 2021. I don't think Bitcoin could fall below $30k at least in the whole month of December because people are still buying at the $47k dip speculating that Bitcoin may pump anytime this month. So, that would be enough reason that Bitcoin will either enter the $60k level or will stay and roam around at $40k.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

Try to look on charts when you do look after with those supports then you could really tell that there are strong buying points which couldnt really be possible that we would be heading down on 30k so easily even though this isnt an assurance because we know that supports and resistances could easily be broken down if the community would decide it.

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.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: arufox on December 17, 2021, 09:45:05 AM

Quote from: Oasisman on December 17, 2021, 08:50:54 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.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

I agree with you that maybe early next year it will be a different story. Many experts say that bitcoin may still be bullish early next year. Although it is possible that the current price decline will last until January. Therefore, it is better for us to prepare a mature strategy to take advantage of market conditions next year, because the price of Bitcoin could be bullish again or further corrected from the current price depending on how conditions will be faced by bitcoin next year.

For crypto experts and members like us, the customary new year is to erase what happened and start a new path, combining a few more sources of information as well as the echoes of this year, the picture is certainly envisioned in a very optimistic direction. However, for economists with respect to various markets, the current issue is the Covid variations as well as the pandemic and economic repercussions, failure to mitigate and recover from these problems will keep the market and the price of bitcoin in a prolonged gloom but no matter what the situation is, staying loyal to the chosen choice and strategy will have more opportunities

Wysi

sr. member

Activity: 1638

Merit: 261

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.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Oasisman on December 17, 2021, 08:50:54 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.

It will probably roam around the $40k region until the end of 2021. I don't think Bitcoin could fall below $30k at least in the whole month of December because people are still buying at the $47k dip speculating that Bitcoin may pump anytime this month. So, that would be enough reason that Bitcoin will either enter the $60k level or will stay and roam around at $40k.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

Yup from the looks of it, it could start going back down around where the recent support is before the nice wick up. And I would avoid saying that it wouldn’t fall below 30k. If it becomes a full blown bear market with everybody panic selling, I think all support could be broken. I said it before that 30k is strong but c’mon now... If it has to break down, it will break down.

xmonkeyx

member

Activity: 658

Merit: 11

CRYPTO WEB3 NEOBANK

no one can predict how long the current downward trend will last. I think it's very reasonable that the crypto market price is moving quickly, this is the time for all of us to be able to buy some coins that we believe will provide benefits in the future. I myself really enjoy the market process in positive and negative trends because there will be many opportunities that can be taken to make a profit.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

Quote from: Oasisman on December 17, 2021, 08:50:54 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.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

I agree with you that maybe early next year it will be a different story. Many experts say that bitcoin may still be bullish early next year. Although it is possible that the current price decline will last until January. Therefore, it is better for us to prepare a mature strategy to take advantage of market conditions next year, because the price of Bitcoin could be bullish again or further corrected from the current price depending on how conditions will be faced by bitcoin next year.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Oasisman on December 17, 2021, 08:50:54 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.

It will probably roam around the $40k region until the end of 2021. I don't think Bitcoin could fall below $30k at least in the whole month of December because people are still buying at the $47k dip speculating that Bitcoin may pump anytime this month. So, that would be enough reason that Bitcoin will either enter the $60k level or will stay and roam around at $40k.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

Well it's not normal if the price continue to go down as we enter 2022 as we might be in the bear market that time. So saying that the price won't go to $30,000 might be an overstatement because everything is possible in crypto just like in 2017 wherein we never thought that the price won't go down to 4 digits after reaching almost $20,000 in December. So it's better to prepare for the worst scenario, in my opinion.

Oasisman

hero member

Activity: 2716

Merit: 552

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.

It will probably roam around the $40k region until the end of 2021. I don't think Bitcoin could fall below $30k at least in the whole month of December because people are still buying at the $47k dip speculating that Bitcoin may pump anytime this month. So, that would be enough reason that Bitcoin will either enter the $60k level or will stay and roam around at $40k.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

Quote from: Crypdon on December 16, 2021, 06:01:09 PM

There is still 2 weeks to go for 2021 and you'll be surprised at what can happen in 2 weeks in crypto. Plan B's prediction is unlikely to come true but let's not rule out a god candle that can create all sorts of FOMO that pumps the markets

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.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, Bitcoin will take as long as it should. Your wait will be long, or it will be short, but when in doubt, zoom out. May it encourage you to continue buying the DIP. I believe it’s also the right time to save some fiat, if in case it’s the end of the bull cycle.

hugeblack

legendary

Activity: 2702

Merit: 4002

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.

If you mean ATH price that happened in December 2017, it did not happen in 2013 as it could happen in January 2022 or March.

In short, if you take the pattern of 2017 as the reference cycle for the current cycle, then the scenario is over, and therefore we are supposed to break the $100k barrier by today, but nothing prevents it from delaying a month or two.

The real question is why this legendary conclusion to the cycle did not happen, but when and to what extent could it be?

crypto_matador

newbie

Activity: 15

Merit: 1

Bought bitcoin at 46800 when news of a large number of liquidations came in. Nevertheless, I would not be surprised if we go back to 30,000, and maybe even go even lower to 14,000.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: aoluain on December 16, 2021, 05:30:55 PM

There are many chart analysis which can give us a guide or estimate as to where
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.

rodskee

full member

Activity: 2520

Merit: 204

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.

Actually this starts at late November and not Early December , and seeing how the market moves now specially in Bitcoin (making the market leadership) this seems to be the trend till the Year ended this 2021.
if there will be another different trend? lets see in the middle or at least 3rd quarter of 2022.

Quote from: Ararbermas on December 17, 2021, 05:56:46 AM

It's always a temporary situation because of some factors wherein like what always happened . Indeed this isn't the first time bitcoin experiencing a downtrend because that's how it works to be honest after the all time high "Buy low sell high". so its surprising anymore why this situation always happened after all. And patience is what we need, don't overthink guys. Cheesy

Of course everything in Crypto market is temporary because there are no permanent trend.
it will Go up now and will dump tomorrow and vise Versa .

Ararbermas

sr. member

Activity: 2016

Merit: 283

It's always a temporary situation because of some factors wherein like what always happened . Indeed this isn't the first time bitcoin experiencing a downtrend because that's how it works to be honest after the all time high "Buy low sell high". so its surprising anymore why this situation always happened after all. And patience is what we need, don't overthink guys. Cheesy

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

We don't know anything about the trend continuing because basically it will be temporary but for now I think it's just a correction in the same pattern and bitcoin resistance is $50k with support $46k so a bullish trend still not visible and we are not sure what will happen we know for the next move.
But basically a big bearish will not happen, let alone bitcoin until it declines to $30k, the trend is still there but until now it is still not strong enough to fight.

ipanks

hero member

Activity: 1610

Merit: 507

I think the downward trend for bitcoin can continue because bitcoin is not getting the right time to back increase. Hopefully, bitcoin can reach a new ATH in 2022 but unfortunately, there is no right time when the price will increase. We can predict when the price can increase, but we do not know the right time. We can only enjoy bitcoin's up and down movement, but we can try to use every moment from that up and down for our benefit.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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.

A "long" time can be considered as temporary to right because it will still end at a certain time.

Well, it looks like we are in a consolidation phase after we are seeing Bitcoin went up to its new ATH at $69,000. Everything in the market whether it is crypto market or stock market is only temporary. There is no such thing as forever downtrend and forever uptrend in the markets. Investing into markets is just a matter of how patient you are waiting when it is to go up or to go down. Just invest when you feel that you need to and wait.

Topic: Bitcoin price is still in a downward trend, will it last long or temporarily? - page 4. (Read 497 times)