The most recent news regards the new coronavirus omicron variant are positive for the market, since it was said although the transmission rates are high, it's not being responsible for serious cases among infected people. Specialists and politicians are satisfied with this possibility they have been observing so far and now I just expected the market answers positively to this, including crypto currencies' market.
Actually, I'm happy to see bitcoin almost reaching to 50,000$ again after the bloodbath we had in the previous days. That still makes me believe we aren't in a bearish season and that bitcoin still has potential to hit a new ATH before 2021 finishes.
Topic: Bitcoin resistance and support price - page 5. (Read 989 times)
With the way the market is going $60k resistance level may be far from us as Bitcoin has decreased to below $55.000 which indicates that the bear market is going to have its way during this holiday period.
I don't know what is causing the current bitcoin price to experience a sizeable decline, even if we compare it with the price a week ago, the bitcoin price has actually decreased by almost 13.24 percent, but now it seems that even some other cryptos are also experiencing the same decline in the market, is it possible that the emergence of a new variant of the covid virus will cause bitcoin prices to weaken this week?But for sure, now we must be able to take advantage of the existing momentum to buy bitcoin at a low price.
This is why I believe that this was not done by tens of thousands of people but probably was done by tens of people at the very most. We do not have the data to back this up of course, but it is probably true even though we can't prove it. The only reason for my belief is that we had a very very sudden fall.
BTC is still repeating itself, revising prices is not especially negative action.
Its recovered to back within earlier November pricing however it still remains to prove itself as having lost its negative pattern of lower highs and declining lows. We are back above the weekly average but below the 50 day average, I would probably wait for that measure to become the low once again rather then its present ceiling before concluding we are once again positive appreciating in BTC market (>60k ish till then caution).
Its recovered to back within earlier November pricing however it still remains to prove itself as having lost its negative pattern of lower highs and declining lows. We are back above the weekly average but below the 50 day average, I would probably wait for that measure to become the low once again rather then its present ceiling before concluding we are once again positive appreciating in BTC market (>60k ish till then caution).
The price most likely recovered due to the buying action of Microestartegi, although they bought a large amount of BTC, the price has not taken the turn that everyone seeks to have, however the uncertainty I think is the one that is reigning, because it is difficult to take a side under which the market can be directed.
In the short term, there are likely to be many scenarios, but when reviewing and seeing the volume, it tends to confuse me, if Microestrategi had not bought those more than 7 thousand BTC, would we be for $ 52k? is what has me with the doubt.
With the way the market is going $60k resistance level may be far from us as Bitcoin has decreased to below $55.000 which indicates that the bear market is going to have its way during this holiday period.
I don't know what is causing the current bitcoin price to experience a sizeable decline, even if we compare it with the price a week ago, the bitcoin price has actually decreased by almost 13.24 percent, but now it seems that even some other cryptos are also experiencing the same decline in the market, is it possible that the emergence of a new variant of the covid virus will cause bitcoin prices to weaken this week?But for sure, now we must be able to take advantage of the existing momentum to buy bitcoin at a low price.
This is why I believe that this was not done by tens of thousands of people but probably was done by tens of people at the very most. We do not have the data to back this up of course, but it is probably true even though we can't prove it. The only reason for my belief is that we had a very very sudden fall.
With the way the market is going $60k resistance level may be far from us as Bitcoin has decreased to below $55.000 which indicates that the bear market is going to have its way during this holiday period.
I don't know what is causing the current bitcoin price to experience a sizeable decline, even if we compare it with the price a week ago, the bitcoin price has actually decreased by almost 13.24 percent, but now it seems that even some other cryptos are also experiencing the same decline in the market, is it possible that the emergence of a new variant of the covid virus will cause bitcoin prices to weaken this week?But for sure, now we must be able to take advantage of the existing momentum to buy bitcoin at a low price.
With the way the market is going $60k resistance level may be far from us as Bitcoin has decreased to below $55.000 which indicates that the bear market is going to have its way during this holiday period.
I don't know what is causing the current bitcoin price to experience a sizeable decline, even if we compare it with the price a week ago, the bitcoin price has actually decreased by almost 13.24 percent, but now it seems that even some other cryptos are also experiencing the same decline in the market, is it possible that the emergence of a new variant of the covid virus will cause bitcoin prices to weaken this week?But for sure, now we must be able to take advantage of the existing momentum to buy bitcoin at a low price.
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?
There’s a possibility that we enter into a bearish market especially if we broke down below the support level but don’t panic you can still hold and be more patience to wait for the next bull trend. There’s no assurance on every trend, always know what to do next and you can either cut loss or stay hold that’s you choice anyway.
When facing a bearish market condition, it's a good idea not to panic too much. The condition of the bitcoin price correction that has occurred recently is only temporary.
Yes, I know it is temporary, there is nothing permanent about bitcoin price because its price always fluctuates. What even happened few hours ago is not new that the price of bitcoin decreased all the way from $57000 to $40000 and now at $47000. I can not imagine many traders fund that would have been liquidated but holders will still never lose later.The key is to stay calm in the face of price swings. With a calm mind, it is not impossible that you will benefit at that time.
That is true, but if someone is too calm, the person will not know when the bearish market will be over and the price would have increased already. 
Hopefully, the bearish trend will change into a bullish trend sooner or later but we do not know how long this will be over.
What is clear is that either the trend changes soon and the price starts to go through the roof, or we will be able to say with certainty that the many predictions we saw this year that gave a minimum of $100K for this year were wrong. In some cases there is already talk that we have reached the top that we are not going to pass.
In 2022 we enter uncharted territory. If the price path were similar to previous cycles, we can't expect much, but with Bitcoin you never know, maybe next year it will give us a considerable increase.
Even if the crypto market is not bullish in the new year, I am sure we can use the trend for our benefit but maybe that looks difficult as we need to search for other coins besides bitcoin.
After what we have in the last ATH, it seems to reach $100k is hard to reach this year but we know that bitcoin can surprise us and who knows, it will start to increase after the middle of this month.
Waiting and preparing ourselves will be necessary for the coming so we are ready to sell our bitcoin once the price reaches our target price.
If we consider the opinions of others, bitcoin has more chances to stay in deep rather than seeing it surpassing the previous ATH. But the month is not yet over so considering bitcoin price can change so quickly, then we might be able to see a new ATH before we knew it. The market may look bearish this time because most of the coins are in low prices but that does not mean that we are already entering the bear season since we are still in a deep correction phase. Things will only be certain once the year has ended and bitcoin price has not being seen in progress.
Markets outlook to what bitcoin will do changes overnight, so I am not worried about it at all. Sure they may not like to see it doing too much right now, after all we are not really doing too much but the reality is that just because it is not doing so much doesn't mean that it will not change and suddenly go up neither. We could be 70k+ in 1 week and I would not be shocked at all because bitcoin has done this before.Remember just 2 months ago we were very low and had a very huge increase and nobody knew how or why, and yet we still had it. I believe that it will be the same situation again in December as well. Even if that doesn't happen, I will not lose hope for the future, I also believe that we may not have great months back to back, I just believe that it may happen time to time. This is why I am quite confident that buying bitcoin at this price will profit everyone either today or in the future.
With the way the market is going $60k resistance level may be far from us as Bitcoin has decreased to below $55.000 which indicates that the bear market is going to have its way during this holiday period.
I don't think we are in a bearish market, because we are constantly reaching close to the ATH every few days, that also matches the resistance level. If it were a bearish market we would have seen a deep crash in bitcoin price with a much lower resistance level than the currently one. Days ago I saw resistance was around 59,000$, then 57,000$ and now 55,000$. That looks good for me and it is a possible signal bitcoin can surprise everyone positively at any moment rising to an inedit ATH. December is a good month for bitcoin, so I'm hopeful bitcoin can make it before the end of the year.
I think that's the reason why we opt to be hopeful and optimistic because of this december trend. If we traced back its history, december is mostly the peak season of the year, so as much as possible even if we are seeing price dumping for bitcoin, we still chose to be more positive when it comes to bitcoin. Although the market is now starting to look bearish, but if we try to zoom it out, $55k or even $54k is still a huge value compared to other coins' prices. Instead, we should be thankful and grateful for this as bitcoin is giving us high value which simply means high profits too.
I don't think we are in a bearish market, because we are constantly reaching close to the ATH every few days, that also matches the resistance level. If it were a bearish market we would have seen a deep crash in bitcoin price with a much lower resistance level than the currently one. Days ago I saw resistance was around 59,000$, then 57,000$ and now 55,000$. That looks good for me and it is a possible signal bitcoin can surprise everyone positively at any moment rising to an inedit ATH. December is a good month for bitcoin, so I'm hopeful bitcoin can make it before the end of the year.
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?
Do not worry too much about what is happening in the market, it is true that the price is not moving as fast as what we saw during the 2017 bull run, but we must understand that right now the market cap is many times higher and this means this bull run has to move in a slower fashion, it is likely it is going to take until 2022 in order to see the true potential of this bull run, so keep holding your coins as if you sell them too son that is something that you may end up regretting. 
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?
When facing a bearish market condition, it's a good idea not to panic too much. The condition of the bitcoin price correction that has occurred recently is only temporary. Fundamentally, the price of bitcoin is still strong and will increase again. Therefore, always monitor the market trend which is bearish. If we are able to analyze the trend, then you can make a profit even if the market conditions are not good. The key is to stay calm in the face of price swings. With a calm mind, it is not impossible that you will benefit at that time. 
Hopefully, the bearish trend will change into a bullish trend sooner or later but we do not know how long this will be over.
What is clear is that either the trend changes soon and the price starts to go through the roof, or we will be able to say with certainty that the many predictions we saw this year that gave a minimum of $100K for this year were wrong. In some cases there is already talk that we have reached the top that we are not going to pass.
In 2022 we enter uncharted territory. If the price path were similar to previous cycles, we can't expect much, but with Bitcoin you never know, maybe next year it will give us a considerable increase.
Seeing the sharp decline in bitcoin prices in the last few days, it can be said that Bitcoin has entered a bearish phase trend, although it had rebounded. However, this bearish trend will not last long and I believe a long term recovery in bitcoin price is imminent, although the pace of gains will likely slow in the short term.
Hopefully, the bearish trend will change into a bullish trend sooner or later but we do not know how long this will be over.The price now still goes down to $56k and the line seems to continue to go down but hopefully, the next week can be a good time for bitcoin to rise.
Some people can use this situation for their benefit but other people lose their money because of selling their bitcoin because of afraid.
Hopefully, the price will not drop too deep so people do not have too much worry.
Seeing the sharp decline in bitcoin prices in the last few days, it can be said that Bitcoin has entered a bearish phase trend, although it had rebounded. However, this bearish trend will not last long and I believe a long term recovery in bitcoin price is imminent, although the pace of gains will likely slow in the short term.
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?
At the end of the day you can think whatever you want about the direction the market is going to take, but it is too soon to think the bear market has taken hold, the whole month of December is still to come and we know that it can be a very positive month for bitcoin, in fact I would not be surprised if we saw a new ATH during that month as the expectations of traders are through the roof, and this alone could be more than enough to push the price of bitcoin up. 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?
That's the best decision you ever made mate, resistance never been taken down as price rapidly recovers towards $57k - $58k lastly and it stabilized. Bearish market hasn't come back yet, lets expect demand to rise for even better value. Only that we have to wait for few more months before all time high takes place.
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