Just because the price has decreased from the previous ATH level, I don't think we can say that it is currently entering a bear market phase.
People who believe it as the sign of the beginning of bearish market isn't totally wrong. BTC price has decreased very significant and it already happened for several months. In this matter, it is normal if people assumed we are probably entering the beginning phase of bearish market. This time, only a few people who still believe that BTC to achieve $100k as predicted before. Most of them feel scary to see the market trend and starting to sell any coins in their wallets. This action actually support more the bearish phase and we may be more away leaving the bullish phase.
Topic: Bitcoin resistance and support price - page 2. (Read 977 times)
Since the decline in the price of bitcoin in the last few weeks has formed a negative signal pointing to a bearish trend. most likely the price of bitcoin will continue to experience price correction until early next year, if not immediately rise back to the psychological level of $ 60,000. Therefore I expect the price of bitcoin to fall to its lowest level of $40,000.
bitcoin price can't go down again to $40k because it was seen at the last closing the lowest price yesterday was at $45k and now it has entered the recovery phase again and has entered the holding price at $51k. it's quite interesting after re-reaching the holding price and most likely bitcoin will re-break at the support point of $55k.It's better to have extra fund aside from your current investment, watching the market dipping down also serve as a good opportunity, we can't tell for now if what would be the next omentum after breaking the $45K barrier, same with what you have said, it can fall for more from this current value, seems that the bear is much stronger than the bull, though it can turn back.
Knowing the nature of this investment, we can't say whether the market will be good or continue to dip down..
Since the decline in the price of bitcoin in the last few weeks has formed a negative signal pointing to a bearish trend. most likely the price of bitcoin will continue to experience price correction until early next year, if not immediately rise back to the psychological level of $ 60,000. Therefore I expect the price of bitcoin to fall to its lowest level of $40,000.
bitcoin price can't go down again to $40k because it was seen at the last closing the lowest price yesterday was at $45k and now it has entered the recovery phase again and has entered the holding price at $51k. it's quite interesting after re-reaching the holding price and most likely bitcoin will re-break at the support point of $55k.I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
Just because the price has decreased from the previous ATH level, I don't think we can say that it is currently entering a bear market phase. If you are a trader, you should be able to distinguish between a temporary price drop and a bear market. Therefore I think the current price decline is only temporary and a price recovery is imminent. 
The market might struggle in the beginning of 2022, but being positive will help you to keep buying
while you still have good spare to invest future still showing great with this progressive industry.
Yes your are right, all we need to do is to be positive. The market later changed and moving in the bear direction which makes bitcoin to drop from $515000 to a price below $46000. I do not know if the bear will continue but it can become significant if it holds for long and lead to a support at $40000 to $42000. But today is 30th of December, I believe there can be bull market direction as we enter new year which will follow bear direction that is occuring now. But nonetheless, you are right, all we needed to do is hold, the market should be in bull direction later, I am thinking it will be like that in next year in January which we are about to enter. while you still have good spare to invest future still showing great with this progressive industry.
It has turned somewhat negative but only within prior range which is nothing to note just yet only keep a cautious stance. We are pushing past the 200 day average some but my basic take is we remain within this area until volume occurs to push us out of this range.
Target downside is about 40k which is the September low, I think we could recover from there and in that rebound better able to judge direction medium term.. I dont think this occurs this month
Target downside is about 40k which is the September low, I think we could recover from there and in that rebound better able to judge direction medium term.. I dont think this occurs this month
I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
in trading people use support and resistance but others tend to use order blocks which are either bullish or bearish in nature and seeing how price has been behaving of late its safe to say that price has moved into the bullish order block which means we should be seeing a pullish to the upside away from the $50000 support zone and maybe we should see 70k come next near.Everything can happen. We are currently having a good market movement and if this pullover will push and gain strong support, we might be seeing $55k before this year may end. Though nothing is certain the market is influenced by both weak and strong holders, if we see more holders the price may continue to go up, but if there are more sell pressure and less buy demands.
The market might struggle in the beginning of 2022, but being positive will help you to keep buying
while you still have good spare to invest future still showing great with this progressive industry.
Good progress so far this week, its not yet tested by full volume from what I can see caution is still advised but appears it can get to 54k before troubled by anything larger.
54k coincides with the 50 day average also, thats probably a good test for strength to this recovery.
54k coincides with the 50 day average also, thats probably a good test for strength to this recovery.
I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
in trading people use support and resistance but others tend to use order blocks which are either bullish or bearish in nature and seeing how price has been behaving of late its safe to say that price has moved into the bullish order block which means we should be seeing a pullish to the upside away from the $50000 support zone and maybe we should see 70k come next near. We're back to 2 day average right now, just short term averages. What matters is we remain within the overall range of the last couple weeks, top end of that range but still contained. Its fairly important to continue positively that we do hold basic momentum like the weekly and 2 day averages, so far Im not sure if we can break the range upwards over holidays or not
Are you talking about two days simple moving average or exponential moving average ?
I belief that despite the choppy action of Bitcoin price at the moment, it will breakout upwards anytime soon.
On the contrary, I think there is not enough momentum is not run, yes we have some uptrend to above $50k, but that's it, no more after that, volume is back to the normal slope.
So there's no break out and we might trade sideways again till New year and maybe we will see some push to at last $51k-$52k, if investors wanted to have a good end of the year price movement and a green candle.
bitcoin price can't go down again to $40k because it was seen at the last closing the lowest price yesterday was at $45k
Maybe not, I think everything is still possible even though the current price has gone up past $50K. I must say, these days even long term holders are too concerned about support and resistance levels as swing trading and buying at dips for better DCA kind of approaches are being followed for the reason of maximizing the bitcoin stash. As of now, most bitcoiners might be looking at next resistance levels which may be around $58k levels and if we are lucky then we may break that before end of this year to have better open price for 2022.
bitcoin price can't go down again to $40k because it was seen at the last closing the lowest price yesterday was at $45k
Maybe not, I think everything is still possible even though the current price has gone up past $50K. If you are a trader, then I think you should not be too optimistic about the price without trying to consider the volatility risk that is still possible with bitcoin. This is a free trade where price can quickly change even if only influenced by a bit of bad news.It is okay if you are a long term holder because you need to have high optimism about the potential price that bitcoin will reach in the future. I think optimism would be good to keep your emotion in check during a correction and perhaps you are advised not to worry too much about short-term volatility as is the case at the moment.
Since the decline in the price of bitcoin in the last few weeks has formed a negative signal pointing to a bearish trend. most likely the price of bitcoin will continue to experience price correction until early next year, if not immediately rise back to the psychological level of $ 60,000. Therefore I expect the price of bitcoin to fall to its lowest level of $40,000.
bitcoin price can't go down again to $40k because it was seen at the last closing the lowest price yesterday was at $45k and now it has entered the recovery phase again and has entered the holding price at $51k. it's quite interesting after re-reaching the holding price and most likely bitcoin will re-break at the support point of $55k.
Since the decline in the price of bitcoin in the last few weeks has formed a negative signal pointing to a bearish trend. most likely the price of bitcoin will continue to experience price correction until early next year, if not immediately rise back to the psychological level of $ 60,000. Therefore I expect the price of bitcoin to fall to its lowest level of $40,000.
We're back to 2 day average right now, just short term averages. What matters is we remain within the overall range of the last couple weeks, top end of that range but still contained. Its fairly important to continue positively that we do hold basic momentum like the weekly and 2 day averages, so far Im not sure if we can break the range upwards over holidays or not
Are you talking about two days simple moving average or exponential moving average ?
I belief that despite the choppy action of Bitcoin price at the moment, it will breakout upwards anytime soon.
We're back to 2 day average right now, just short term averages. What matters is we remain within the overall range of the last couple weeks, top end of that range but still contained. Its fairly important to continue positively that we do hold basic momentum like the weekly and 2 day averages, so far Im not sure if we can break the range upwards over holidays or not
Right, it's good to be just above the overall range and the average for this week, however, it's going to be Christmas so I'm expecting some sell off still in the next couple of days.
In any case we should be ready for the incoming 2022, remain positive that we will have a break out run that can at least push the price to $60k levels and then see how it goes from there.
We're back to 2 day average right now, just short term averages. What matters is we remain within the overall range of the last couple weeks, top end of that range but still contained. Its fairly important to continue positively that we do hold basic momentum like the weekly and 2 day averages, so far Im not sure if we can break the range upwards over holidays or not
We can't conclude anything yet. There are factors that all investors and traders needs to consider.
The current market is trying to bounce, and those who feared for more fall are now victims of those market sways.
Best to reassess everything before you make any movement. The one who considers all grounds is the one who
benefits from this industry. Take time and don't rush things when deciding for your investment.
I am guessing that the lower prices already got all they wanted and right now we have seen that it had a problem going even lower. Which means that it had to go up, this was known long ago, if you can't go down too much then market will stop and go up in order to keep it moving. That's the thing you need to learn about the market, bitcoin price doesn't stay at around the same price for too long, it does move up and down which means that you will have to see a lot of huge moves right after too long stable times.The current market is trying to bounce, and those who feared for more fall are now victims of those market sways.
Best to reassess everything before you make any movement. The one who considers all grounds is the one who
benefits from this industry. Take time and don't rush things when deciding for your investment.
We were near the 45k price range and it didn't drop too much so the market said "if I can't keep going lower and lower, that means I need to go higher in order to keep it moving". This is why we are seeing higher price bitcoin these days, doesn't mean it will continue to go up, just means it was not unexpected and it was totally normal.
I think seeing the condition of the very deep decline in the price of bitcoin in the last month, bitcoin is indeed in a bearish phase. However, for now, no one knows when this bearish phase will end and Bitcoin will bounce back. Therefore, in the midst of the current market conditions that are experiencing price declines, it is better not to try trading or investing in the short term, we should not go against the currents in the current market. Wait until market conditions stabilize.
There is no doubt that the price of bitcoin has corrected itself in a significant manner but I think it is too early to determine that what we are experimenting is a bear market already since the time it has passed is too short, we need more time in order to be able to tell that, we also need to consider the external factors that are affecting the price as it is obvious the fear of the new strain of the virus is affecting the current movements of the price, but once it goes away bitcoin could grow significantly again.We can't conclude anything yet. There are factors that all investors and traders needs to consider.
The current market is trying to bounce, and those who feared for more fall are now victims of those market sways.
Best to reassess everything before you make any movement. The one who considers all grounds is the one who
benefits from this industry. Take time and don't rush things when deciding for your investment.
no need to worry about the declining market conditions, the market price correction will end in a few days and will last until the first week of 2022. the next second week the market will have strong support from various investors because the start of the new year will be a new period for bitcoin holders .
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