Bitcoin Forum

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Given the news coming from China and South Korea, it makes perfect sense that the crypto market reacted, although I don't see anything spectacular here - but for most of those involved in crypto in any way, any bad news seems to easily turn into a disaster. The thing is, it’s very easy to create panic, which then results in panic sales, and in that game, the weak hands are always the losers - while the other smarter ones profit.

I personally think we are closer to a return towards $50k than a return below $40k, although no one can predict any new market manipulation. Most expect at least $100k by the end of this year (which is possible), but let's be prepared for any possible outcome - because we started the year with $30k, and there is a possibility that it can end at a similar level.

I'm having my doubts about that this boring period can continue for a long time. Because I still want to believe that the market will start entering a better period in the next month. September has always been very unlucky for Bitcoin price. We always witnessed it struggling in this month of every year. I hope to see a good rally or a bull run to see Bitcoin and the rest of the market starting to recover.

Strong support at 40k level so expect this pullback is just temporary and will not last long, maybe because most investors are hesitant to enter the market right now because of China, and many are still waiting for more dip to finally enter again, next month is another bullish month for bitcoin according to history so you must watch the market closely if you want to enter bitcoin. 

I've dropped my crystal ball and it's at the repair shop until tomorrow, but i expect it go, as usual "up and down and up and down".
Now on a more serious note, nobody knows for sure. On the long term is should rise. But when will it start towards new ATH I don't know yet.
Since it's a speculation thread (NFA), I'll say that it should start rising pretty soon. At least I hope so.

We just need to see if bitcoin keeps its movement above the stong support level of $40k zone or not because it could dump a lot to hit the lower zone of $31k-$29k in the worst case scenario. But we could see a mega bullish rally if bitcoin breaks the strong resistance of $50k and make 2-4 weekly candle above it. So it'll be best to keep monitoring these price level as of now.  ;)

bitcoin to $50k or $60k next month? maybe will maybe will not.  China is aggressively spreading FUD for bitcoin and it will have an impact for some time to come.  after the fud subsides and people have forgotten about it then the price of bitcoin will definitely go up again..

It's a normal downtrend because people are in the FUD of China and South Korea recently news of banning crypto.  

But I personally think that there's a bull season within this year maybe next month or it might be in the last quarter of this year as most anticipated others that there's a bull market during that period.  I think as we experienced now is a normal correction from the sudden increase last week.  As I see, there's no infinite growth of Bitcoin price, it's always followed by the correction right after the pump.

Another factor is, someone has to move a large amount of Bitcoin based on Whale_Alert (https://twitter.com/whale_alert) report and it might have ab effect on the Bitcoin price.

IMO we are approaching a very critical moment, if the $40k support will be broken, Bitcoin can start freefalling because it will be viewed as a sign that we're entering a bear market, so traders will rush to dump it while it's still high. I won't be surprised if Bitcoin will quickly go below $30k once the crash starts. But on the other hand if this support holds there's a good chance for recovery and a new rally. Basically, whomever guesses the trend right now can make a lot of money, because the risk is high.

I know what you feel, It's ok bro, just prepare new investments to respond to this, this certainly doesn't mean that bitcoin doesn't have good hopes ahead, profits are still there for the long term.
Although it can't be confirmed exactly, it would be nice to stay optimistic and patient, it will definitely touch $50k again and even more, just don't be despair.

It is wrong to mentioned that Bitcoin specifically in downtrend because if you will check the whole market is in Blood season now

https://coinmarketcap.com/

not only the number 1 coin but almost every coin in market is dumping now.

But about the question if this will end long or short? none of us knows mate , yes there are opportunity that this is the Bear we are all waiting to re invest but this can be also a correction to start the Bullrunning .

China's effect take place in this for sure but this won't long .

Nothing is permanent, no really, it isn't permanent, it should go back up sooner or later, you just have to wait. It's the usual Bitcoin market movement tbh, not to mention that there was also some FUD news when China banned Bitcoin for the nth time, it's nothing serious. If I were to give a time frame, it would probably go back up by the end of the year or so, though a dip from where we are isn't that unlikely still. I'm more inclined with it going back up to $50k before the year ends though.

I am choosing to remain optimistic. I had some big purchases planned for this month and was counting on the price remaining higher so that I wouldn't have to spend so much BTC. Now is the opportunity to be stacking sats instead of spending them so I've made some tough choices and made adjustments to my budget. I am hoping the news cycle will be more positive next month but with the hostility we are seeing by many governments and a struggling economy it may not be so easy.

It seems, at the end of this month, bitcoin gets another correction again.
If that correction is not going deep, people can still calm down, but if the correction is deeper, I am not sure new investors will calm down.
But I still believe that bitcoin, no matter how deep the price will be, will increase and back to $50k-$60k and we were still given the best chance to buy more bitcoin from this moment.
Saving every satoshi we have and earning more satoshi is something that we should make right now before the price starts increasing, which means we will be too late to do that.

Next month is just two days from now. The price of Bitcoin is less than $42,000 right now. The China FUD is still strong despite it having been heard over and over again. There are indeed steps done by the government against Bitcoin but it is not something new. China has been against Bitcoin before. Just recently, Bitcoin mining had just been ordered to move out also. But since all this still has an impact to the market, I think October cannot see Bitcoin rising to $60,000. $50,000 is possible though.

It will continue to fall and will never recover. It will reach 0 and disappear, lol.

Leaving aside proudhonian statements, and in a more serious way: the normal thing to happen if what in previous cycles is repeated is that in the next 2-3 months we will see a big price rise that beats the previous ATH and clearly exceeds $100k. If this did not happen, the predictive models that we see commented every day in the forum would have to be rethought.

Before telling something about this topic we should see previous years particularly September and October .These months are under down market cap .Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation BTC price is temporary downtrend but not permanent or long last .

I believed the FUD from China had began to reduce and not too strong going by the price of bitcoin reaching the support at $40500 and not being able to break or penetrate it, the impact from the banning of cryptocurrencies related activities in China dumped the price from $48K+ to $39K+ thereafter the price couldn't break that support zone, going by the recent Price Action it look like the support had rejected the price to move upward with a day to the end of September an indication of likely a bullish trend next month.

It is not easy to say, as it was mentioned the drop and staying in $40k range in the past 22 days is because of the "negative news" and the panic sells. Since the FUD campaign hasn't ended and is only growing we can't expect a reversal anytime soon even though not that many weak hands are left to panic sell!

I think a good news about the weird trend we've been seeing ever since April is that to some extent this trend has broken the 4 year cycle and we may finally see a new cycle with very new trends form from now on. This could potentially mean no huge bubbles and no 12 month long bear markets.

I am confident that they'll be running out of ammo.
The news about Twitter tipping together with those about BitPay/Verifone partnership seem to already get stronger than the new (LOL) "China ban".

But, on the other hand, it's better to not be overconfident either.

Don't be so negative, some will scare and dump everything they have - I've heard that some don't understand lol as laugh out loud, but as an acronym for a lollipop🍭 ;D

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The next 3 months will give us an answer to that question, so if we don't have a new ATH, everything that happened before will become a thing of the past. In that case, those who often use the saying "Past performance is no guarantee of future results" will finally be right (when it comes to Bitcoin).

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I don't believe that will happen, they have enough ammunition to continue to affect the crypto market. What we forgot to mention is another negative story that has spread to the media like the extra infectious virus - and that is that Bitcoin mining causes the generation of huge amounts of electronic waste - every transaction is, according to some researchers, the equivalent of throwing 2 iPhone Mini in the trash. It’s not exactly China or SK magnitude news, but we all know what it’s for - to convince environmentally conscious people that Bitcoin is bad for the environment - I wonder how many of them have given up investing precisely because of it.

Sorry, but I don't believe that. I am sure that they've missed or mistaken something big. But I didn't spend time to research more (life is too short to spend on every news).
And it's not at the same magnitude as the China FUD because:
1. I think that, like me, there are many that didn't believe it.
2. The China news, if it would be new, could have devastating effect on the markets and price (many Chinese users dumping their coins), while humans produce huge quantities of waste every second and not many care.

Previous month Bitcoin prices trend may not replicate the current trends and we may have different price actions in coming months.

We need very bullish news to pump the market because right now it seems that Bitcoin will fall below 40,000 in few days.

In the last 7 days, there were so many times that Bitcoin price had ups and downs. In this situation, it is not easy to predict whether this downtrend will last very long or not. But there is still an expectation from the market to have a bull run soon. I hope that it really happens and we get rid of this dire condition of the market. Otherwise, I will start thinking that we are in another bear market now.

Is has been stated many times on the forum that:
1.September is a bad month for Bitcoin.
2.China FUD strikes again...

Are you so desperate for a 50-60K Bitcoin price?It's not the end of the world,if the Bitcoin price remains under 50K for the next months.I was expecting a bull run by the end of the year,but everything will be fine,if such bull run doesn't happen.A new Bitcoin ATH will be delayed for the next year,I guess.
Of course that Bitcoin price trends are temporary.It doesn't matter if it's a upward or a downward price trend.
Also,It depends of what do you mean by "long".It can be several weeks,a few months or a few years.
If we are talking about Bitcoin,long term means several months.

I hope so. however, the impact of China's vigorous spread of FUD has a profound effect on bitcoin and altcoins. Bitcoin has been stuck in the around $42,000 range for weeks after dropping from the $52,000 level it hit in early September.

Did you see a huge reaction of price towards that fud? No right we are still seating at $42k which is not bad value for bitcoin to reach at the moment although we know that it touch to the figures you said but consider also that dumping scenario is pretty normal knowing crypto market is volatile, maybe slight panic contributes on this dump but for sure we cannot see this last for long time and bitcoin will recover back and reach another good figures this year.

I can't wait for those news to be in their face, China always trying to screw the market over every opportunity they get with their fake crypto ban news, am glad the market is gradually getting use to those fud and the impact the getting less, it will fade out eventually.

The market trend is downward, and for time being there is regular price fluctuation. This market trend seems to continue for some time period. Even after marking little bullish trend the price once again drops down. There is more possible chances of downtrend for long time period. More users are getting into the market. At the same time more negative news is getting circulated around. Maybe a big positive news will change the market trend.

Let it dump, we don't have control with this unless if people don't sell their Bitcoin, then it could help. But the fact that we are in a volatile market, that seems to be like and does it worth worrying about? Maybe we should have to understand its feature and this downtrend make someone to benefit for this, rich people and some investors will never take this for granted, they surely put money for this.

There is some reason why we think that and that is because it has happened already in the previous days. And besides, some experts thinking more, $100k? Well, we have to touch first to $60k as it was close to the possibility.

Indeed, the condition of the Bitcoin price which is currently falling is a natural thing. Fundamentally, I believe the price of Bitcoin is still strong and still showing strengthening. This can be seen from the significant number of Bitcoins leaving the exchange. Therefore next month the price of bitcoin will go up again.

People will learn about that and will not think much about their negative news so hopefully, they will calm down whenever China spreads more negative news like before. That will not work anymore in the future, especially when people know the real fact or the motive behind that news. Besides that, I think China will use the other method if they think that the market is not impacted by what they say. They will use many ways to make the crypto market fall.

I've proven it will continue indefinitely from here. There will never be another all time high for bitcoin. Sure, there will be occasional price increases, but those will be just noise within a larger, proven downtrend. The price of bitcoin will never again go over $50,000. From an investing point of view, bitcoin presents a great short opportunity from here on out, forever.

When you ask that Bitcoin will reach 50-60k exactly in next month then this is very hard to say. Because nobody can guess the future that something can happen in exact/little time period. And in general, the market condition is not good, this seems like bearish. So if I think it in general , this will not happen in my view. But anything anytime can happen in crypto.

But when you ask that Bitcoin will reach 50-60k in the future or in next some years then I will say this is really possible and will happen.

Let's not scare people just like that  ;) All you've proven until now was that you don't really exceed at making good predictions (and I may be overly kind)
Hint: people, just look at this account's history.

Nobody can tell you whether it will rally in the next month. The markets are irrational and random at the best of times.

But in the long run, if you are a long term bitcoin believer, you shouldn't even worry about price.

1 BTC is 1 BTC and it will go up naturally as fiat depreciates over time. These short term moves are peanuts in the big scheme of things.

Here you go again with your legendary predictions :D. I guess the last you said Bitcoin will never bounce back after it fell down to $38,000 recovers up to $50,000 level in just a few weeks. You may want to check on your crystal ball to see if it's working properly lol.

Downtrend may continue If we won't find any relevant news as an alternative cure for the China banning FUD. It has been proven before everytime China works on their FUD that the price would always react. So, I guess this is kinda normal price reaction.

I do not really see a reason to get worried about what is happening, it is true the setback is important and now we are close to the 40k level which is critical, but what we are seeing is completely natural, the markets in general are going down, not only this market, and this is because there are fears because of what is happening at China and because the pandemic is still not under complete control.

So investors are fearful, however I do not see a reason to be worried as even under the worst circumstances bitcoin is bound to do well, even if at some point we see an important setback in the price which takes it below the current levels.

Its hard to say because the market is getting worse and I don’t see any strong buying volume so for now we are heading down and it make take us more time before we recover.

If we can stop this at least on the support level then we can have a chance to pump again but as long as there’s panic in the market, we can’t go up yet. Next month should be a good one, we have to rise again to end this year on a high note and bring that momentum next year so we can achieve a new time high again.

There is a ceiling to the price but its not especially harsh, so its about profit taking and consolidation on a yearly basis because we rose so much this seems correct to occur and not a negative in the wider picture long term.

https://talkimg.com/images/2023/06/12/AfAjC.png

Theres no way to be sure before the fact, we can just estimate where is the easiest place for price to find support.   The first week of 2021 had a price we are not likely to breach near term imo, it was resistance after the initial May fall and proving support now is some bullish sign.

Profit taking was done already I guess as we reach the price of $41k again, we are already in consolidation and sideways trend, this might take long but of course there’s no assurance for this one as everything is possible in Bitcoin. Hopefully next year we see another bull trend, for now we have to stay active monitoring our holdings because it might reach our cut loss level again.

Impossible to know where it will be headed. The market is still reacting to some recent news like the China ban.

Looking at the bright side, the price is still decent at $41,000-$43,000. It means even China ban is a big issue, it doesn't pull down the price much. No need for the bitcoin price to jump to $50,000 to $60,000 next month. This isn't a rush game.

Yeah, a price around $41k-$43k is still decent, although we are going to close the month in negative, but still good in my opinion. At least the market didn't react drastically that will cause the price to below $40k. And obviously, the next target will be $50k-$60k next, the best thing to do is remain positive.

We are in the last three months and anything can happen and hopefully, the pattern will still continue to see the price rise in December to at least hit $60k, or even a new all time high.

Evergrande made a lot of fuss but it's not enough to take down Bitcoin at a high percentage.
See how short the bear market is and investors are still coming in. Even alts reacted but it was not that long before their prices came back.
I think it's not all about China anymore. Maybe before a lot of investors are on monitor what their next step will be but now, we can use the market reaction as proof that they are not easily manipulated anymore even with news like that.
Trust in Bitcoin is getting stronger.

Yes, I think the same. The market has become confusing us and makes many people selling their bitcoin instantly without trying to hold their bitcoin for more. Much negative news about bitcoin makes some new people who do not know much about bitcoin worry about their funds in bitcoin. But hopefully, it will be only temporary and I am sure it is just temporary and will end soon. Our waiting time to see a bitcoin price increase will come and at that time, we will be back to make a big profit. Just hold on tight your bitcoin.

I dont think we're in a downtrend on a nearterm basis but there is the question overall this year for the highs.   Being a trend over many months will mean we have to take more time to overcome such a problem.
Right now we are challenging the pattern of lower highs, the recent low was 50 day average (https://talkimg.com/images/2023/06/12/AfUdl.png) and for the moment this constitutes positive action I think.
  The real confirmation comes on weekly closing bars I think, Dollar index is sideways mostly so I think it will make some challenge higher at least.

It might last long but it will always be temporary, remember that bitcoin is doing just fine and has been that way for a decade already so we don't need to worry too much about it because at the end of the day, bitcoin will continue to appreciate.

Actually it was a huge dip, from as high as $52k to $42k, but not really enough to be long term. China FUS is over, investors are lining up again to buy bitcoin as at a cheap price, pushing to to almost $50k now. Maybe we can hit it in the next couple of hours or tomorrow at least.


Hopefully many investors that China news should not affect us all. We all know Chinese anti bitcoin sentiments starting in 2017, so we shouldn't be surprised by their negative statements about mining and total bitcoin ban moving forward.

 It's always a temporary situation mate when bitcoin suddenly turn into bearish. and you know it depends on the situation as well, if there's a worst news of course the market will fall to the very dip level and all of the coins will struggle to recover for months or two, its possible .. And just like what i said it depends on the situation wherein if there's no bad news and the market suddenly turn into down trend, its either a correction of the price in order to increase more or to make break out. So i suggest just invest time to make research mate so that you know hows the market situation to prevent panicking as well. If you are a trader perhaps you know why they need such information. ;)

Yes, I agree with you. It is just temporary and if we see the price now, the price seems will increase more and the price already touches $50k for a while but it went down and back to $49k. This sentiment will continue and the price is back to more than $50k. It will only be a matter of time so we need to have more patience. Besides that, if our target price to sell is more than $55k-$60k, we should not worry because the price will be at that price soon.

well, it looks like it's just short. currently bitcoin price is back at $50k at CMC (https://coinmarketcap.com/currencies/bitcoin/), and just waiting to hit $10k+ to hit its new ATH.
when the price reaches $50k again, then we need to hope that there will be no more new FUD, because sometimes, many people don't want to see bitcoin price above $50k. however, if we hold on to this position, and move up slowly breaking the wall, we could see new ATH again.

The recovery looks amazing, I am quite happy about it, unfortunately for me it is just waiting time now and there is nothing to do. I like the drops because then I get to buy some more, I try to find money here and there everywhere and work really hard to get some more money and buy more from the low prices.

However when it is high, all I do is just wait for it to go back down so that I can buy some more. One day the price will go up so high that I will just wait for it to reach even higher to sell and retire and I will not be buying more, I fear that day may come soon in few years. I already started buying some more on other altcoins so that I could keep doing what I am doing. This increase is great, let's hope it can sustain a little longer, it would definitely be great if it can because keeping high usually ends with a good big bull run as well.

If you ever think that Bitcoin is in a downtrend and it isn’t 2014, 2018, or 2022, then the problem is that you are looking at the wrong chart. You need to hit the zoom out button. We’ve been in a bull market since $3,500 and it will stay that way until we break six figures in the next couple of months. Enjoy the ride. Don’t question it. You won’t like the answers.

Only after about a week the OP posted his thread, and his worries are already answered. We are now at 51k level and it seems it is still rising. The impact of China news was just temporary, and now, the market is going up again. And now, some will regret that they haven't bought btc when it was below 50k. Same old story. The adoption today is different as more countries are recognizing the potential of crypto. We may see the up and down movement but that's the normal behavior of any market.

One thing is for sure is that no matter how Bitcoin fluctuates in price below $42k it will still bounce to $50k before the end of the year. No cause for alarm. Let the weak hands sell off their BTC in panic. In the long run, those that were able to hodl their BTC to the end of the year will rejoice in the fullness of joy

Now we are already past on 50k resistance and now on the current price of 51k.We cant still sure if this is already some fake bullish movement but it isnt really bad to make out some selling opportunity for those
who had bought cheap on last yeeks because this is the best time on doing so unless if you would still risk on holding for more possible profits.The trend is somewhat having some shift considering that
we do have some good increase on this week but its not an assurance that we would be seeing some continous behavior.I havent seen any reason or news on why we are reaching this far.

Reaching $51k is good news because we are now making a profit from the increase, and we should be happy about that. Some already regret not buying bitcoin when the price is still lower because they believe it can touch that price. Maybe the price can touch the price but we do not know if that can happen or not. So while the price now increases and back to $51k, it is better to use that for our benefit and sell some bitcoin if we want.

Half an hour ago, Bitcoin price was still over $51k. But after that, it started slowly going down. It is now trying to consolidate its place at $50k and not to go down below the level again. If the price becomes successful on resisting here, maybe this time we can see the price over $53k. I really want to see a new ATH level in this month. There has been a possibility of a Golden Cross this month. I hope that happens or happened and we can see a great increase in the price.

now i see the price of BTC has increased 10%+ early october which is very good as predicted by many people about the price of bitcoin in october but if you want to see the new ATH of bitcoin this month i think it will be very difficult because the price difference is very far compared to current prices.

While I think we are on the verge of entering a new bull market at the same time we do not need this to begin immediately, I see October as the month that is going to position bitcoin in the right spot to begin attacking the ATH, but I do not think this is the month in which it will happen.

I speculate we will see this on November or December of this year, and when that happens you better prepare yourself because I think there is a very real possibility that the price of bitcoin will go easily above 6 figures during the bull run that is coming.

I still sort of "regret" not buying earlier. I mean sure I bought as much as I can afford to buy and I had not much money left which I needed to live, so I do not exactly regret it, obviously I would regret more if I had more money that I could buy and didn't. However, it is still a good feeling to know that I was right to buy when it was lower and I knew that it would go up.

Many people were calling for a bear run and said that it will not be doing well, yet at the end of the day we ended up with something that is much higher and that makes me happy. Basically not only I made money on my prediction but also I can say I was right compared to all those other people.

The downtrend of Bitcoin price is already gone in a very short period of time. It turned out to be a temporary one. But it was really surprising too. Because nearly all of us were waiting for the price to go down after the China FUD. It would really affect the market in a bad way. But we have witnessed completely the opposite so far. Bitcoin's volatility worked for the benefit of people this time.  :D

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Yeah, the reversals are pretty fast in crypto and it is very hard to catch them all. I have to say that it is clear to me that crypto either crashes for a while then BAM! suddenly goes up and a lot as well, or it does exactly the opposite when crashing. I do not know how it is quite easy to change the momentum that way and that easily but I am pretty sure that it is not going to stop anytime soon neither.

Looking at how things are going, it is obvious to me that we are going to have another crash after this increase, maybe it will keep going up more and more but one day it will crash eventually, then it will also keep crashing and going down then suddenly it will start to go back up. I know that this will 100% happen but I do not know when and I do not know at what price, this is why we are not taking advantage of this fact, since all the data is not complete.

Opposition of trends do normally happen whenever someone ask out about downtrend and suddenly the trend comes positive or increasing then its just normal to see up these kind of questions but it turns out to be

contradictory on what we are currently seeing now and this is the main behavior of the market specially with Bitcoin. State of price would be always temporary and there's no such thing about staying it up or being

stabilize.It might be a long time sideways movement but significant movements like rising or going down could happen anytime without anyone knowing.

We will see, but I have a feeling that we will get into a new all time high. And the next question is what will be the next all time high? 6 digits $100k?


Everyone is entitled to his own opinion here, myself also wants to see the price to $100k or even more. Your $80k is just a conservative prediction. So let's wait, October pump might continue up to the end of the year. And we can all realised if our prediction became true or not.

For people who have been in the crypto world for a long time, they are used to seeing volatile price movements. Because it is very difficult to
predict which direction crypto prices will move,  even the current increase does not guarantee 100% that the market will continue to rise.
Moreover, the increase in crypto is now quite high, it is very likely that the price will correct in the near future. Indeed, if we invest in crypto,
we must get used to falling and rising prices that move very quickly. If there is an opportunity to take profit, do it immediately, delaying it will
only eliminate our chance to make a profit. Unless the coins we choose are potential coins, of course holding until the target is achieved we can do.

The downward trend at that time has returned to normal for bitcoin today, even if seen from the development of bitcoin at the beginning of the month, the price difference is very far for now, bitcoin is starting to find a pretty good value on the market, most likely by the end of the year bitcoin will reach a price of $ 60,000 and even more, if you look at market conditions and the trend towards bitcoin, many people predict bitcoin by the end of this year will be very valuable and predictions made by people are more rational than in previous years.

The downtrend you mentioned didn't last long and Bitcoin price has started climbing very quickly even so the FUD that China tried to spread in the market. Now, we are talking about how much the price can go up in the coming days or even months maybe. The biggest thing that people are waiting for is of course a bull market. We have missed to see one a lot. And I think that we will see one in this year.

The success of bitcoin breaking through the $55K price resistance in October is certainly very encouraging for us, with the success of bitcoin now, of course bitcoin will be able to reach the next target and be able to break through $60K by the end of this month, it's true as you said, if the possibility of bitcoin will experiencing another correction, but I see bitcoin starting to get a lot of positive sentiment so that it will make it possible for the price to rebound quickly after the correction, especially now that bitcoin liquidity in the market is quite large.

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in  default when it comes to this manner.

This is precisely true. Whenever I see people not being sure about what's going on, I like to remind them that crypto is something goes up up up up up and then crash, stay low low low low then skyrocket. It is just the way market is and there is nothing we can do to change it, we have to accept it as it is. There will be ups and there will be downs, that is how the market works, and not just crypto market neither, every market is like that.

Nothing can continue to be higher forever without any drops, some people need to sell to take profit, and that is what happens sometimes, people take out profit, or make trading choices and so forth. All in all I just mean that we should be not worried when it is low and take advantage of it, and not get too hyped when it is high and buy too much at the peak, because if you do these two things, then you will be fine for sure.

Right now we have some better things happening as bitcoin is strongly resistance at $55K even it's not breaking this bearer but many feeling this could be turning point for this because after this next stop is very attractive and good for going high. And if it's not going to break this and falling again then surely we are going to be in bad shape, and we can face some long time here even more drop is also possible.

If there's no bad news and the market suddenly turn into downtrend, It's either a correction of the price in order to increase more or to make break out.

The confusing part is always there are multiple trends occurring concurrently, the best way to consider action is by time frame and recognizing the largest time frames often win out in significance vs shorter term.   So we might have had a downtrend but its proved weaker then the overall rising price this year marked by the 50 week average.   That average contains alot of volume and encapsulates both main markets and weekend trading.

And that what makes this market is really hard to predict on due to this kind of behavior.It could pump and dump or moving sideways and knowing on when it would happen is impossible.

Whenever there's a down trend then it is just right that you would really be making those moves on where you do accumulate coins while its still cheap but the question is on when?

Determining several factors is really hard to be done on point that's why investing on crypto is somewhat mixed out with gambling kind of acts because you wont really know on what
would happen next.

Yes, it is true that market conditions will continue to change, both with rising and falling conditions, that is how crypto conditions continue to change without being clearly predictable, this is not a personal sentiment, but this is an analysis that has been made based on past experience, this does not involve personality in judging something , and October is a warning for every coin that exists, can it go up or down and this will be an evaluation until the end of the year, let's wait for developments until the end of this year?

Luve you Proudhon.  ;D

Well, i guess everyday is an evaluation for bitcoin since no one of us can really make a right prediction. But if we trace the history from the past years, the last quarter of the year is really a good time to look forward to since bull run is mostly witnessed in this time. The market may continue to change but there are high chances that it will be more on positive news and trends and that will definitely boost more the momentum of bitcoin so it can start working on its new ATH.

It doesn't happen every year's Q4 but yes, it does seem to happen to signal the coming rally (as it did last year from October/November 2020) and it also performs strongly in the year of the rally itself (which is this year).

I hope the bad Q1 after the rally year doesn't happen next year though but if it does, accumulation time again, so we can't stay sad for very long if that turns out to be the case.

Usually most improvements and price changes happens when there is a "news". It could be crypto related, it could be non-crypto related but could matter to us, anything that is really a crypto changing thing then it does happen to change the price. We are too used to seeing china banned bitcoin type of news and we forgot that most of the ups had a good reason as well. This is why there is a good amount of people that check the news and trade based on that.

If there are also developments, that helps too, like SOL becoming big because of the development they did, same for ADA, or Axie becoming big because it literally gives people time to play and earn money, you literally play a game and earn money how awesome that could be? All of these equals to crypto markets changing and sometimes it changes to a point where it is not as great or sometimes it moves to a great level like right now.

If we look at it on face value, the price increased but every increase speaks about something else. I believe it increased very decently this time around but I believe it was much better than just an increase. For example, lets assume price starts at 42k, one day it goes to 48k, is that good? Of course it is good, but lets assume it starts with 42k but goes to 58k, isn't that much better? Of course it is much better.

This is why I believe there is a good chance that we could see a lot higher right now as well. The only reason why I am thinking like this is that we didn't had only just a recovery, we literally had a whole bull run during this period and you never know when the bull runs will stop.

I think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

Bitcoin's 14% increase this week is a good result, so it's only natural to be optimistic that the downtrend is over. So the price of Bitcoin is very likely
starting this month will continue to rise until the end of the year, but it's possible that the opposite can happen. This is why investing in Bitcoin
must be careful, because the risk is very high, the price of Bitcoin is volatile and difficult to predict. A good plan and strategy is needed, so we can
also prepare for the worst scenario that will happen, so whatever will happen we are ready to face it.

This is in fact something that I see a lot, people seem to forget that there is more than one trend in the markets, short term trends may make it seem as if the direction of the market is about to take one direction, but once you begin to see a larger time frame you realize that this huge trend everyone is so worried about seems like a little correction when we look at it in a different time frame.

Which is why any trading or investing system should in theory look at two different charts to determine if it is a good idea to make a trade or not, as you could be deceived by the short market trends and take a position opposite to the overall long term trend of the asset you want to trade.

I can see that bitcoin is very bullish as of this moment but we should not expect that it will always stay in there. Bitcoin has a very high volatility so the current price is not really permanent as it will surely bound to change. We can say that the downtrend is over and we are now facing its journey to its new ATH but since price corrections always have its own way and its always inevitable, so its a good thing that we should be ready for it and take some other profitable measures if possible.

Whenever you do step your foot into this market then you should really be prepared on things or situations like this on where price could really be unpredictable.It could easily make out some switch up
neither from bullish to bearish and bearish to bullish in a short span of time which it cant really be predicted precisely if you do ask me.Everything would really be temporary and this is why profitability
on each trader will vary on how they do make out decisions whether getting out on the right time or buying or getting in on the right time even though it isnt on point but basing up with your
experience then you do at least know on what you would gonna do.

I guess its the most awaited moment we have been looking forward to happen and finally, bitcoin is now moving forward to its bullish trend. But admit it or not, in a market like this, there is no guarantee that the market will always seem so positive. The market will definitely turn sideways and its the fact that we should learn to prepare for it. I can't totally say that the downtrend is over as no one us here can predict what will be in the next to happen but as far as the crypto market is concern, the whole crypto market is bullish because of bitcoin that is leading the market in a positive direction.

Yesterday caused some panic in some places though, even though it was only 5% drop but already news talking about oversold fears and even bullish news warned it could go bad but here we are again back to coming 58k,,, seems so easy to make up the losses in less than 24 hours.

And even better even alts are improving greatly now ETH jumped almost 10% today, so they even are confident of Bitcoin making sure of the rally this time.

bitcoin is holding between $55k - $57k. Bitcoin price is likely to be slightly bearish in the next two days, but that's not affected in the longer term segment. many investors are a little worried about this condition, because the graph is a little worrying between bullrun and bearish.

I think now bitcoin price is in an uptrend since last week. The bitcoin price has again broken through the current $57k level. Therefore I think the target price of $60k will be reached within this month.

yes bitcoin is entering the support phase and many investors are panic buying at this time. investors started to adopt as many as they believed bitcoin would reach high levels. they have a target in december can get as much profit as possible and no doubt they will be the lucky ones.

Until now Bitcoin is still showing a positive trend, Bitcoin price going higher is very likely to happen. Therefore we can be happy if we are still
holding Bitcoin until now, but indeed bad things could happen in the near future. Because we all know the volatile Bitcoin price movements,
it is very possible for Bitcoin prices to fall suddenly. So I agree with your suggestion, we can take profit from some of the Bitcoins that we have.
When the price of Bitcoin falls suddenly, we can buy more Bitcoin at a cheap price.

The today price got to $60k and got a bounce back. The resistance of $60k may be tested again during the weekend or anytime soon. The rebounce is locking price back to $59,450 maybe another test for the resistance will break it up to ATH that will totally leave the area of $60k because it will come with a rush.

You made this post at the last quarter of 2021 , when you meaning sees what happened at 1st quarter of 2020 right/ when after couple of months from dumping down more than double digits? bitcoin come to recovered and then make a History till 2021  so why ask this? because you are not comfortable what is the value of your funds that time?
well it continued falling till now but there are several occasions that recovery happens but a little compared to what is the value from ATH.