Topic: Btc down trend are started ? - page 5. (Read 1665 times)
We are almost close down to $30k, I couldn't how is going to be in the next few hours, or we might just surprise that we are already below the $30k barrier. Even I was very optimistic about the market but sometimes we accept that bull season has to come to an end. I can't put to such a conclusion but we can really feel that the entire market is declining upon seeing all coins are in red.
It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.
So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices. The resistance above $30k has been holding strong for quite a while now, but even if that breaks I cannot think of Bitcoin going below $25k. I think buying pressure would come up so hard with all the retail investors having the all time high in mind. Even institutions who got in this year are probably going to stock up at that price as they have a whole different perspective on return on investment. If they see the opportunity for 30 - 50% plus within one year, that is phenomenal for them. If it drops below $25k I'll stop with my predictions...
Ok now it becomes interesting I would say. It is difficult to think of how low it could go. You would think it can't go too far or otherwise so many people would be willing to sell at a loss. Or could it be manipulation? Hard to rule that option out but we'll never know anyway.
We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
yeah that's very true bitcoin has started its decline quite fast in the last few days this could be the beginning of a bad market because the price of bitcoin has dropped so drastically it creates a great shock and panic because the price of bitcoin is falling very quickly again china country making a great fud the price immediately affects the price of bitcoin which has decreased if bitcoin is below $30k most likely the market will continue to deteriorate. What do you think about it? What is your view point?
I think this decline is due to a major correction in the crypto market, there is no sign of when this situation will end, but for sure this is a good opportunity to buy BTC and other altcoins, to invest in the long term, because BTC and altcoins will definitely experience back upgrade,
Of course, we should not waste this opportunity because after all, while there is an opportunity to make a profit, we must take advantage of it.I don't think we need to worry about the current state of things
decreased everything,
Sooner or later everything will go up again so we just have to be patient waiting for that moment
BTC is in downtrend now. When it hits 41k$ I thought that now it will never drop below 40k$ but panic sellers sell and dump it to 32k$. I think we can see bulltrend again in 2-3 months. My speculation for 2-3 months is that "All altcoins will recover and then BTC will cross 70k$".
Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.
Yes, and I think that's a very natural thing because China is currently the country that holds the largest economic sector so when they ban something that is product or related to digital assets, it will be such a big influence that the cryptocurrency market now looks like it wants to collapse down.
It's always interesting to observe how btc value fluctuates regardless of any logic, based on pure news and speculation. Chinese miners are shutting down their operation? Great, the hashrate will come down, less daily dumping from miners... right? Wrong LOL, rates still go down.
I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.
Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.
It's really hard to hit $ 100k as the price of bitcoin has started to go down even if china bans if the amount of investment in bitcoin increases, the market will rise again even if the market is severely affected prices are expected to rise again.
Since BTC keep stay at prive above $30k, Iam still bullish with BTC because this price area is current support. But if BTC going down and breakout support area, the high probability trend of this market changing to bearish. The crypto market should be not changing to bearish yet, because this is too fast after long bearish that started on 2018 then continue in 2019 and 2020. High probability the trend of bullish will exist again for another 1 year. I think death cross pattern is not comfirmed yet.
Even though we have seen the death cross of BTC it still resist at the $30k support which I am still hoping that it will bounce back before the end of the year. I think that because of the FUDs, bad news and speculations created by plenty of market manipulators that shaken weak-hands and get them into panic selling however I still have faith that within this year it will set a new ATH knowing that there are now plenty of countries adopting BTC as one of their currencies.
We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
What do you think about it? What is your view point?
Yes the chart is going down maybe it will break the previous support line. But i think this year is still have a chance to get higher than 40k we just need to wait for big good news to come. So for now, collecting btc from the dip is the best option.
Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.
didnt we face it too in the past, and now we still survive and even touch 65k as highest price this year and still have chance to create new high again. i see secret mission and its structured FUD since elon's tweets negative about mining power sources. its utilized by group of whales of maybe huge bank to pressure bitcoin price till level they want. and when all of it done, price will rebound to 100k as prediction many expert. 
More stories now started to eradicate and we're not even thinking about how to accumulate our holdings. Some people now shaking their feet and starts panicking over the current market downfall, and those were the short time traders who didn't learn even for they're old in cryptocurrency. Frustrations is basically the reason why they rant everytime btc price collapses, then wrong decision fell out unto something uncontrollable. This isn't just the beginning, but rather the continuation from past bear market which most people struggled to handle.
I also think this is a trend down, as I saw from a well-known youtuber predicting bitcoin is already death cross, but I'm sure it won't be worse than 2018, I think 2018 is the worst time in cryptocurrency history and don't want to experience the same event.
The price of Bitcoin is moving in the same trend for a month and i have seen the article where they say that the market is in a death cross, but these are bullshit claims and if these shits they are claiming are true then the price should breach the support at $30k and fall further and then we can very well say that these death cross claims were true, other than i see the market as it is and we once again reached the support at $30k and we will once again try to break the resistance . 
Both an uptrend and a downtrend all have positive and negative sides.
but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see
Positive or negative consequences are easily converted into profits if you are enough skilled. I mean these days we can make profits from the both the direction of markets hence people who are worrying about the direction of markets must be long term holders (as they do trade only one direction). But in my opinion, down trend of bitcoin is yet to start and it may happen by beginning of next year only.but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see
As of now, we are in mid of bullish trend which means we are into mid term correction which may end at any time soon and I am very much sure about having positive growth in July month. So, getting ready to embrace the upcoming trend will help you to re-fill your bags again.
We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
What do you think about it? What is your view point?
In fact the downtrend benefits those who already have a stable coin reserve, and loses a lot of money to those who have bought at a high price, and are still holding it. From one side, the downtrend is good, but on the other hand it will take a lot of casualties.
but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see
We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
What do you think about it? What is your view point?
In fact the downtrend benefits those who already have a stable coin reserve, and loses a lot of money to those who have bought at a high price, and are still holding it. From one side, the downtrend is good, but on the other hand it will take a lot of casualties.
i feel the downtrend is not yet done, it will be in phases. the death cross dosent work everytime for bitcoin thats why much attention is not given to it. bitcoin has been on downtrend for a while but people were only hopeful for price uptrend thats why it wasnt noticed.
I also think this is a trend down, as I saw from a well-known youtuber predicting bitcoin is already death cross, but I'm sure it won't be worse than 2018, I think 2018 is the worst time in cryptocurrency history and don't want to experience the same event.
True, the incident in 2018 was the worst thing the cryptocurrency space has ever experienced in its history because there has never been such an incident before and now the same thing could possibly happen but it will not be as bad as it was in the past. Jump to: