Btc down trend are started ? - page 6.

peter0425

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Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

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?

added that China bank now declares banning the use of crypto connecting to their costumers .

https://cryptopotato.com/bitcoin-dumps-to-32k-as-chinas-third-largest-bank-announced-a-ban-on-crypto-usage/

That News shaking the market and now Bitcoin falls down to 32k .

and there is a psot created just now about this

https://bitcointalksearch.org/topic/m.57282682

huu78

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maybe because the market for the last 2 months has continued to decline in my opinion this has become a downward trend maybe until the end of the year.
and the new chart will start next year, and the history wont be repeat as usually.

bakasabo

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Last Summer Bitcoin price was in a stagnation. Same happens right now. Last few months Bitcoin price has been between $31-36k. I think that we need some kind of a jump in economy, to make price growth. Previously covid impacted on the price, but now it is not so often discussed; we just get statistics and continue to live. I've noticed that petrol prices in Europe gone up, perhaps this somehow influenced on the price, as masses of money moved from crypto to close the whole in budget.

wmaurik

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Quote from: ?? on ??

I think after the china government decided to ban miners in he's country very give bitcoin comunitty hard time. After that news the price of bitcoin keep going down in these few months, i hope good news will appear very soon so we can see another BIG Green in the market.

Yes, but so far there has been no good news about the crypto space or cryptocurrencies in general, so everyone has to wait a long time for the cryptocurrency market to recover at this point because if Bitcoin doesn't recover, others will also get sick.

the rise

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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.

chanler

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we know that currently the price of crypto is going down, one of which is btc, it can be said that it has been going on for the last few months. if we want to invest btc at a low price this is the right time to buy btc because we can buy it at a low price and sell it later when the price is high. it will be very profitable if we can manage our assets well especially when the market is like this. we can only hope prices will stabilize again in time.

akirasendo17

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same old strategy by big holders of BTC, it's just a loop they already sold their BTC that is why the price goes down, and with that small BTC holders are trying to sell small part they hold, on the other hand, whales are so happy buying the bitcoin that you sold, news and another public figure fuels the issue and the result is the price going down if you are in 2017 2018 bull run, I think you already knew what to do, before its too late, you have to remember a few months ago, banks already open its door for cryptocurrency, which means sooner or later it will be globally accepted, it's just a matter of time and laws to be passed.

Teraboy

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In my opinion if the price of bitcoin will not go to the below 30k. Bitcoin if fundamentally strong. but the market can't resist from the bearish chart that already appeared with bitcoin. People in the demand to short the market and that was also hurting bitcoin and crypto. The old time is going back again and it looks like so many panic sellers have been starting to dump their coin to the market.
The market is full with fear and FUD right now.

kidbounty

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HELENA

Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

What do you think about it?

I see bitcoin can't survive on anymore and the bearish trend is almost starting. Many things have influenced this, starting from the bursting bubble, the news of China banning mining and Elon Musk's statement made the market situation worse. this made the bitcoin market very shaken. the only reason why bitcoin is currently holding above 30k, is because of institutional investor support. but if they've started pulling away like tesla yesterday. maybe the situation will get very bad.

awik p

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Quote from: revilo on June 20, 2021, 07:49:56 PM

Quote from: seleme on June 20, 2021, 05:58:51 PM

Quote from: aprilnot on June 20, 2021, 04:39:29 AM

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...

if bitcoin is at a price below $25k, I think it will be an interesting area to buy, because in 2017, bitcoin created a price peak around $20k, and that means the price is entering the support area, and I think it's worth buying. but indeed we only predict, and there is nothing wrong with analyzing someone before the market happens pasar

Kasabus

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Quote from: zonefloor on June 20, 2021, 05:00:20 PM

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

Most of the crypto coins nowadays are having struggles in their market price so i should say that the bearish season has already started. However, bitcoin price does not fall deeply so even if its a downtrend, bitcoin is still expected will not go down below $30k because of its strong support these days compared to those previous bearish seasons.

But this bearish or others say just a correction is definitely a perfect time to add more bitcoin into our portfolio. Seize the moment now because we don't know exactly how will the market looks like in the next days to come. It might suddenly become bullish and leave us missing the opportunities again.

revilo

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Quote from: seleme on June 20, 2021, 05:58:51 PM

Quote from: aprilnot on June 20, 2021, 04:39:29 AM

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...

seleme

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Quote from: aprilnot on June 20, 2021, 04:39:29 AM

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.

no-ice-please

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Quote from: zonefloor on June 20, 2021, 05:00:20 PM

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

Is it really in a bearish trend? We have seen this a couple of times over the last weeks. It starts dropping but now it again recovered up to where it came from half a day ago.

The 7-day trend is a little bit less than 10% minus but we'll see how Bitcoin does during the end of June. Ultimately I am prepared for anything no matter what technical analysis says. What is TA worth if Bitcoin crashes against the best predictors.

zonefloor

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BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

stadus

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Quote from: rinkidas14 on June 19, 2021, 09:56:28 AM

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?

The bull run could be officially over, therefore it's safe to expect a downtrend.

The crypto market cap is down to 1.5 trillion per https://coinmarketcap.com/, therefore I believe it will still continue to go down bringing it to below $1 trillion levels and bitcoin will dump to $20k which there we will see it struggle more.

It's not new, we've seen this kind of down trend in the past, but dude, just buy the dip.

sunny28

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For several months, there was an incessant growth of the market, it is quite logical that now the market needs a correction.

After growth, there is always a fall, after a fall, there is growth. The bullish trend has not been in the market for so long that it has already ended and that a new bearish trend has already begun.

kapalmabur

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Quote from: bots1 on June 20, 2021, 12:27:01 PM

Indeed, Bitcoin's downtrend started a few weeks ago. The current correction is only temporary. The decline in the price of Bitcoin makes altcoins also go down. Therefore it is best to switch to stablecoins for now and wait for the market to stabilize for repurchases.

It's true with conditions like this that currently the bitcoin trend is down, we don't need to worry and don't panic either,
right now the most important thing is to stay patient and wait for everything to stabilize,
but we also need to monitor market movements it's important

trauchot

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Perhaps the correction of the cryptocurrency market has already begun a long time ago, since some time ago the cryptocurrency market has fallen very much and gradually there will be another falls of the cryptocurrency market if correction will continue, but it is possible that there will be another growth of the cryptocurrency market this year, so it is still difficult to say something, but the most important thing is to prepare for the worst-case scenario as quickly as possible because then it will be too late.

Gaaara

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Quote from: marcous on June 20, 2021, 12:19:27 PM

Quote from: nancy on June 20, 2021, 07:02:28 AM

It started 1 month ago and still nobody is trying to save btc from dump

Yes, but believe me it won't last as long as it did in the past because now there are many people who like Bitcoin and apply it in some important ways, so the current market conditions don't last long.

I mean there's a lot happening with bitcoin as big name such as Elon Musk affects its price with his impact with the public, the mining takes too much energy so it catches the eyes of the governments, then you have China that keeps knocking cryptocurrencies down bit by bit so it is safe to say that the down trend happens for a reason and might stay if things doesn't change. If everyone started to forget about Elon Musk, bitcoin might retaliate fast since China's blockage to cryptocurrencies won't effect its price for too long, but if there's more negative news to come FUD will still kick in and some will still dump regardless.

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