Bitcoin Forum

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?

Could be. You are in panic and you might want to control the decision you will make from now on.
Calm down a bit, think back. Use the history of Bitcoin and never fall for FUD that are being spread around.
Are you a short-term holder or a long one? Because the price may flow back and forth in this ber months of the year which had been normal in the market of Bitcoin. Remember, the expectation for a December madness for the lightning to strike back is still going on.

Why not wait till the end of the year and see how it goes? If this is a repeat of 2017 then maybe we will still have a good increased next month and after that we may talk about the bearish trend?

So far we've just reached almost $70K, and this price is still far from the bubble that we are expecting. We should remain calm at his point, still we have a full month to see how the price is going to move, but hopefully we can see a bullish trend still.

Right now it seems that the price of bitcoin is approximately fifty five thousand (55k), but the current situation is fifty four thousand plus (54k) the movement is going backwards and forwards and never go above sixty thousand range. But i know vividly that bitcoin will be above sixty thousand (60k) within the remaining days or approximately early 2022, so in the aspect of speeding up to sell your bitcoin, everyone have target to sell a coin but i will advice not be in rush to sell, because the more bitcoin stays in your wallet the more it add more values.

So you just need to hold your bitcoin tight and not panic because I guess this situation can continue without knowing when it will be over. Perhaps, the price will not go above $60,000 shortly, but it will increase above $60,000 someday, even the price will hit the new ATH. Hopefully, it is not the beginning of the bearish market, but we can not do anything except still hold our coins.

Too early to tell since we are above that price as of now.
TBH, I'm thinking of the 2017-2018 scenario and it might happen today as well so if it will happen then we might see the market turning bearish at least at the start of 2022. Well, many will not like it to happen but... I'm thinking that it might happen.

Either way, I think being patient and calm is the only thing that we can do right now. Wait until the end of the year or possible until the first month of 2022. Make some plans in advance :). I'm also thinking of taking some profits at the end of the year or possible 1st quarter of 2022.

Bitcoin has a very strong support between 52-53K and it should hold this support. In case this support is broken we may see below 50K bitcoin market for considerable amount of time.
December is the month for bull run, i doubt if it can happen this year. i think we may see a real bull run in first quarter 2022.

Don’t pressure yourself too much when you’re goal is to hold longer. We all know that the price can bounce back in time we not sure yet, if we have extra cash as well emergency funds and other source of income then just holding your bitcoin will works well. Bitcoin already experience alot of situation from dip to rise , from banning as well on pandemic yet it was able to set new record every now and then. Trust your instinct or better balance it. Hold some and withdrew the half to lessen the fear.

You are confident in what you hold and absolutely sure that bitcoin will definitely return to the price range of $60k or maybe above $70k because we don't know when this will happen, but for sure I will wait until early 2022 where many people think positively about bitcoin, so I will continue to hold bitcoin until it recovers.
Even though the estimate is now down but I don't lose bitcoin if the resistance reaches $50k then I'm ready to go back and buy it again.
I'm more confident in myself.

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.

There is no support at $50K, it’s just a nice psychological number and most likely won’t mean much. It’ll either find support right above or right below.

We got some support at $53k which looks like it might hit in a few hours and more at $48K area. Both were previously resistance areas. Currently Bitcoin looks very weak and I think it will break the $53K because bounces are very weak.

Bitcoin continues to drop drastically, now just dropped to $53500 today like 45 minutes ago, a price it has never dropped to since when it reach ATH, maybe the bear market may continue

I will say itf depends, there are some months bitcoin price increase in December and there are some times the result is decrease, you can see how December price has been.

You think the price will increase back to 60K or you think that the price will never increase back to 60K?
Your post sounds confusing.Are you panicking or something?A 10% price drop is no reason for panic.
I don't think that this is the beginning of a bearish market.It's more like a short term market shock,caused by negative news about Covid,combined with the lack of bullish support to push the price up.When there's no bullish support(lack of enough buy orders on exchanges) any selling pressure(it doesn't matter how small it is) leads to a price drop.There was a wave of automatic stop loss orders,which leads to increased selling of BTC.
BTC futures also have a small role in dropping the BTC price.
 

I see Op like expressing regret at the moment for not selling the little Satoshi he has in his wallet before the drop and that is giving concern ;D not that he/she doesn't know that price will bounce back above $60k and more maybe within this year or next.

My advise to anybody caught in this season of unprepared or expected drop is to see their hodling as long time investment and with that they won't bother themselves on price by constantly checking on their wallet.

Another advise is that they may not see a huge bear market like in 2018 to 2020, times are different now.

You are in deep doubt and in conflict with yourself, because first, you believe that the price will increase again, and then you think that it will never increase over $60k? At some point you have to decide what you really think and what move you will make, no one will do it for you.


I would agree with the previous comments that support does not exist on some round numbers that everyone takes as an example, but that we must accept that at any time the price can go 5-10% in any direction. Bitcoin has shown countless times that it depends on other markets and shares their fate in a greater or lesser percentage.

All what is happening in the last month gives the right to those who talk about the bear market all year round, but what if it's just another bear trap before the new pump?

Yup, judging from this week and last, that support's firmly at 53k, not even at 55k as the next natural psychological number would be. The bounces have been weak yes, but also not as sharp (which suggests to me there's really people patiently waiting for larger dips to shovel in all their buys).

Haven't really taken a look at orderbooks lately but I suspect everyone on both sides are hiding their cards til the November funk's over.

I think there's no certain support at this current price level since I am still bullish so Bitcoin would bounce back again above $60k. In the meantime, let's just enjoy this dip and buy more since every dip is an opportunity and besides, it's not yet bear run it's just a bear trap the way I see it. The only resistance I want Bitcoin to break is the $70k but not it's going to break the $60k first before going to bed break another so that Bitcoin could attain a new ATH price this year. Mid-December should decide whether it's a bear or bull before the year ends.

You know how technical analysis is exactly. There can be support at $53K, or at $50K or at $48K and its also very possible that none of those supports can hold. Right now I am looking at funding data and it seems people are buying every dip when the bounces are VERY weak and I see a cascading liquidation on the near horizon. If you want to long you can long but you need confirmation first somehow.

One good confirmation is if the funding starts to turn negative and price fails to go lower. This happened twice in the past year. Once when we were at $30K and another time when we were at $40K. If you bought then you would of had an excellent R/R and nobody predicted that those areas would be the bottom.

When we were at $30K, people were calling for $20K as the bottom and it never happened.

yup probably bitcoin had strong support right now since El Salvador bought at the deep as well and for sure there's a bunch of investors accumulating after reading that news, because obviously bitcoin suddenly formed a consolidation at the support level. So if it breaks out above then bitcoin will not going down for long time, just keep holding mate and wait for more results..

Not only "wait until it goes back up" but honestly it is clear that we could also have a situation where we could buy more and still profit a lot. I am not saying that we won't be going down anymore or just go up straight so high, all I am saying is that "one day" that will happen so why lose time waiting on better and better deals? When you sell bitcoin at 1 million dollars, do you really believe that buying at 52k or 42k would make so much difference for you? I mean yes financially there will be difference but you will be rich all the same.

So, I would say that it is a lot easier if we could end up with something better by buying right away instead of waiting. I am still throwing some money into it every single month, I do not even look at what the price is and buy accordingly, I buy it as soon as I have money to buy and that's it, nothing more.

so you have to be prepared for all the headache you will have every time the price drops a lot and it takes a long time to increase


how do you think people felt when the price was less than $20,000 and then it dropped to $3000? they said the price would never go up, but the price went up to $69000

But we just had another spike though again this weekend to $56k and counting up. So maybe this is a good bounce or weak one. But it's the start of the asian market right now so I'm expecting that the price will not go down to $53k-$54k.


Probably in the middle ground again, both sides (sellers and buyers) are waiting for any move from each other. But the month is almost over now, hopefully December will be a different one and it will remain bullish.

$60k is too early to sell my friend. Wait for it until it reaches 6 digit figure. Bitcoin is close to hitting that one.
The one thing that most of weak hands and new investors are afraid of is the bearish season, and we haven't experienced that yet after Bitcoin pumped from $15,000 to $60,000+.
Nevertheless, even when Bitcoin experience a worse bearish run (like 2018), there's nothing much to worry because Bitcoin always bounce back stronger. We've witnessed that many times right?

One thing I can say is, it's too early to be thinking about selling this year or early next year. At least hodl till $100,000.

Don't worry too much about the Bitcoin price drop now, after all, the current price is still high when compared to the previous year's Bitcoin price.
I agree it's too early to think about selling Bitcoin right now, all we have to do now is collect as much Bitcoin as possible. So when Bitcoin goes up
we can make big profits, only weak hands think of selling Bitcoin right now. I, like you, will continue to hold Bitcoin until it reaches its target
price of $100k, no matter if it will be achieved this year or next year. Most importantly the price of $100k must be reached, I think so,
because often Bitcoin always bounces back to a higher price every time the price drops.

a lot of people are waiting for that last pump before the end of this year, it is concerning to me because maybe it is the only reason people are holding on to dear God waiting for it and what will happen after that ? after bitcoin stays the same way it is right now around 55k in the last days of the year ? This is pretty concerning to me.

Seems the $50,000 is the major support on this level. We keep bouncing from that area, that's why I am really confident that we will still not fall to that level until the end of this year. With the recent bounce of Bitcoin, bears just got rekt every time they short the market.
The monthly candle is about to close for this month, I am hoping we will do sideways above $50,000 next month.

BTC is still repeating itself, revising prices is not especially negative action.

https://talkimg.com/images/2023/06/12/Av771.png

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).           

I know that the market will be bullish, but my confusion is only in short time, about long time I am specific and the prediction is right for everyone that know bitcoin price will increase, it is sure that bitcoin price will increase in long time but it can be long. I am thinking if this will be the best or not but yesterday price was good, bitcoin increased from $53700 to over $58000 but that does not mean bearish market may not continue during the week, the end of weekend are always bullish than bearish.

Nobody can get if it is a bear trap in a way bitcoin will fall to certain price and some people decide to sell and lose but then bitcoin price start to increase. Even been a trader, I never have that characteristics of selling when I am losing already, most of my holding is still in bitcoin, even having the plan to buy more if the price fall to certain price so I can add to my holdings cheaply.

Mmhmm. Saw there was even a bounce up above 58k as soon as Beijing/Tokyo markets opened for business (8am +8GMT) but it's since tapered off to retain almost exactly the same price this time Sunday. Not long more to Monday morning for Europe and then today, everyone's expecting the strongest retail numbers globally. Not that it's going to prop Bitcoin markets but can't hurt to have some confidence in regular markets on a Monday.

You messed up with the quote, you are quoting me, and in fact that sentence is part of your post, please edit it.

You have a problem because you don’t understand how the market works and you act like a small fish that doesn’t know which way to go in an attempt to avoid big fish. Unfortunately, if you play in the short run, big fish will catch you in most cases - and the way to avoid that is to hold and sell only what you need at a given time.


No one can say for sure, but those who bought a dip yesterday could already profit 5%. You haven't defined what you consider a cheap BTC, but if you're waiting for $30k or a lower price, you need as much as 50% lower prices than the current one - and I don't know what could be the trigger for something like that in the coming months.

The price that fell days back have got recovered. As the price of bitcoin have crossed $58k it'll test the market to cross $60k. If the price of bitcoin stabilize within $60k it would make ath. By the time there is also chances of decline in the market upto $50k based on the market move.

Having stuck at 57k again shows that bitcoin is not ready for a full on bull run, but it is not ready for a drop neither. I do not know what I could say what could happen but the reality is that we could possibly end up with something that is much higher if we could simply break over the real trouble price. Every time we go up, there is a reason to draw back and that sort of what will happen again if we fail to keep going up.

I get that support price or resistance could be broken, that is why they are there and they should be broken otherwise we would just get stuck at a price and would never move at all, but sometimes it is harder than others, such as right now for example.

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.

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.

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.

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.

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.

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 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.

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.

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.

Hopefully, everything will change in the new year so crypto can have a bullish trend and makes the altcoin increase first and then bitcoin will be back to increase and hit the new ATH.
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.

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.

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.

From understanding it's clear that holding for long term will be relevant, everyone is emphasising on one point, which is don't hurry up to sell a coin, so on the  aspect of bearish market, the year is already close to an end and is very obvious that we can't adventure into bearish market until the end of this year, as you said earlier before to exercise patient until the bearish market occur, just in the addition endurance is the key to make profit in cryptocurrency investment.

In my opinion there is no relationship between the decline in the price of bitcoin and the emergence of a new variant of covid 19. this has become part of the market and it is very natural for this kind of price decline to occur because basically the price of bitcoin is very volatile. for me this price drop is the right time to buy because I believe the price will recover in the next few days.

It was indeed a terrible blow that came from rampant dumping, a deliberate arrangement or a lack of timing.  The 49k2 and 47k resistance levels are bottoming out. I hear,  some bullshit continues to come from China, Lbank and EverGrande, manufacturers trying to disrupt the market structure.  Currently, bitcoin is having a hard time charting the wick.  - 38% from ATH seems to be a coincidence with the next big pump similar to 2017. I will ALL IN at this DIP, it is an opportunity not to be missed!

I highly doubt it has anything to do with the new covid variant. I believe that it looks like the most possible reason could be because of market realizing it is not going to go up anytime soon, so finding it easier to make a profit by shorting and profiting that way. Whales could be the main reason, remember when it is retail and there is a good reason for it to drop then it is usually small by small for many days, it takes a week to have this kind of fall, but when it is whales that sell billions of dollars worth of bitcoin, that makes things this much quicker.

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.

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.

The two scenarios are not necessary mutually exclusive, whales are very smart and they know how to take advantage of every single opportunity they get, it is possible they saw the announcement of the new strain of the virus and they remembered what happened more than a year ago in this market and in the traditional markets and they took advantage of the FUD this was creating, making a lot of profits in the process and multiplying their capital in a significant manner in just a few days.

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.

14% down from the previous week, still manageable once buyers start to realize that this sale price will give them good potential to earn

more, we don't know how long this bloodbath will continue and how the condition will change up, the best thing to do now is to observe and plan your investment, don't rush and do all the necessary research before placing your money inside the market.

This is most probably what happened. It is quite possible that we are talking about whales manipulating the market in any way they possibly could, after all that is what whales do but we do not have to follow them, we could wait it out and thankfully I have been doing just that.

The clearest reason why it is obvious whales manipulated the market is the simple fact that variant was found days and days before the fall happened, if it was due to that variant for some reason (which shouldn't even matter) then we wouldn't be able to wait that long before we start to fall. So to me it is clear that we are talking about a manipulation here if it reacted that lately.

I don't trust governments very much when they are very optimistic, it's too early to say that the omicron variant does not cause serious cases, it doesn't even have two months to get a better view of the consequences of this variant so I think it's premature to stay optimistic as some governments are, at least in my country the number of cases has increased a lot in recent days and hospitalizations, I don't know if this is due to this variant.

There are reports that the Delta variant is still more predominant that Omicron right now, so maybe that's what infected the majority in your country and not the new one.

Not saying that we should trust the government, but there are studies independently that shows the vaccine is still very effective even in this new strain so I guess we are all good. And hopefully this will translate to bitcoin market having a good recovery before the end of the year.

There has to be consensus for a genuine turn around, I dont think BTC is just a victim of the wider market selling its also its own speculative cycle that saw some weakness.
Right now its breaking past the 2 day average which I see as a good bullish break above 49k if it can keep onto the larger weekly average at 54k (https://talkimg.com/images/2023/06/12/AvVT3.png) that would be a good positive sign of recovery.

The conditions of the market are too extreme to make any kind of short term prediction about the direction of the price, we suffered a fast correction only to have a rapid recovery, I think that what we are seeing is the result of whales manipulating the price to try to force traders that are using leverage to get margin calls and then they could buy cheap coins when the price corrected itself, and while this is not what we want to see at the same time the fact that those coins are now with stronger hands means that the chances bitcoin goes up during the next months is higher than what it could be otherwise.

I actually think that the support at $50k is quite weak right now.

It is obvious that the bearish sentiment has been piling on for the past few weeks and that is completely expected given the halving cycles of BTC.

Just don't panic and continue to DCA because the bull run will resume sooner or later.

It is clear that support points do not mean anything. It is clear that we are talking about something that is dangerously fragile whenever we fall, we end up falling all the time and it causes the price to drop under support point without even hesitation. We had a support point recently, we were above 55k and from 55k to 45k we had many support points, what happened with them? Nothing. We broke under them in a few days very easily.

The only silver lining about this situation is that we are talking about resistance points as well, they are just as much fragile and whenever we want to move up, there is nothing that is stopping us there neither and we can increase very easily.

Support does have some meaning but its never absolute or exact.   The whole process of TA is dismissed by many but its useful guide to me personally to gauge strength and how bullish I should be.

https://talkimg.com/images/2023/06/12/AvJU8.png

Ok so the low here is the trend downwards from the peak.   Staying above that level means I think we should remain positive to neutral in our outlook.   That would be about 48k or above roughly, more obviously the lows of the sell are at around 47k.   52k is momentum of a weekly average, staying above that shows good positive inertia.   
  My general take is neutral for this year, 2022 to develop with greater magnitude.

For a while those support levels meant something, but from the moment the market became unstable on, those levels have been broken and now it will take a while until we see new solid support in bitcoin price. At least this kind of interpretation helps us to identify how bitcoin is doing on short run and what its tendencies are. At this moment the market is somehow volatile, although nothing too bad as it was already seen years ago.

Today bitcoin bounced back to 48,000$ and in less than 3 hours later it was already hitting 51,000$ again! That is pretty interesting, but we still need to wait until we can classify a new range of price as support level here.

As long as bitcoin is always volatile, then we will always witness such interesting surging of prices from its previous ones. Although the current price is not yet a guarantee that it will continue to rise up, but it will also create chances once bitcoin will be able to find a new strong support level. For now, let's just wait what will be the next target price of bitcoin, either it continues to move upward, or maybe another false hope again once we see its price moving in a downward trend. Better enjoy the ride and never gets panic.

The price of Bitcoin is still very difficult to predict right now, because it turned out after it managed to touch the price of $51k a few days ago.
Bitcoin is currently still dropping below $50k, so there's still a chance the price will drop even further. I agree with you, we have to be patient
and enjoy the ride, because it's a way to keep us thinking positive. If we panic seeing the current situation, it only makes us decide to sell
the Bitcoin we have at a loss. At least we still have to monitor Bitcoin price movements for the next week, to analyze where Bitcoin will move.
So there's not much we can do in a situation like now, we can only be patient holding the Bitcoins we have.

And I agree, the whales are simply too powerful and once they decide to do something then they can do it as they have the resources to do so, however just because the whales have a lot of money that does not mean they are infallible, to me this was obviously one of their maneuvers to try to earn money from other traders that were using too much leverage, but I think it was not their intention to crash the price that much and now bitcoin is having troubles staying above 50k.

It is not "that" much under 50k, people act as if we reached 45k already or even getting closer to 40k but the reality is that we only dropped a slightly under 50k, which means it is not doing that bad at all if you ask me and will do a lot better in the long run as well. Why? Because whenever the price falls down, there are those who accumulate, whenever it is accumulated that means it can't keep going down even more, so there is always a bottom and when that is reached the price starts to go up a lot.

I believe that we already tested that, and since we managed to go higher that means we are doing fine right now, it should not be all that difficult to see it going up soon.

Well, let's spread positivity here. Because there's no make sense really if we stay negative the whole time while seeing bitcoin continues to drop its price. Instead, let's even grab this opportunity to accumulate more bitcoin since they are low price this time. Before we knew it, bitcoin will suddenly skyrocket and we'll miss another opportunity again. As bitcoin continue to surprise us especially when december comes, so there are still chances left that we will be seeing bitcoin having its bull run, unless bitcoin continue to drops consistently until december ends.

the price of bitcoin is difficult to predict whether at the end of December bitcoin will get strong support or have to stay at the current price. but what is certain is that this month's price correction is an annual price correction and many investors close the books for one financial period. the price correction will end when a new leaf is reopened in the first quarter of 2022.

When the market is in a bearish phase as it is today, you can short sell to make a profit or to protect your asset from a weakening price. however, short selling in the futures market certainly carries a very high risk. So, technical analysis is needed and precise to project where the bitcoin price will move in the future.

I also hope Bitcoin doesn't drop to $45k or even close to $40k, because if that happens there will be a panic sell. Hopefully now more and
more people are buying Bitcoin, so the Bitcoin price can go up again. But I did not expect the price of Bitcoin to still struggle to recover
in the middle of December. Even now the price of Bitcoin is still at $48k, and there is no sign of Bitcoin going up in the near future.
Everything will be fine as long as we don't panic and can think positively, I still really hope that near the end of this year the price of Bitcoin
does not fall any further.

It needs a deeper understanding with the current market,

if you will do some short trade make sure that you are willing to let go and risk your investment, some of those experienced traders are also working with different strategy, they are good in anticipating and use it as good advantage when dealing inside the exchange.

Adjusting if the market is not favoring your position is very important, having different system to continue working even the bearish condition still ongoing.

Currently, the support around $48k is strong, so we may be good for now or up to this weekend at least.

We have a good run to $50k but it was not sustained and obviously, sell-off happens to bring the price down again.

Maybe we could see some good signs this coming Monday that we can still go past $50k at least before the end of the year. Usually December is very bullish and I do think positively that we can make it more exciting in the last 2-3 weeks before we closes this year.

Sell pressure whenever we reach a higher ground is the main problem, and the longer we stay around here the more people end up buying here as well, which means that whenever we go to a higher price there are so many people who are willing to sell for a profit at those prices. So, it is a very risky business and I am not entirely sure if I want to have something like that for the long term. Hopefully we will do better, it is not going to be easy and I feel like it will happen at least a few more times, but eventually there will be a big hype that will break this cycle.

Hopefully that will happen during an early stage of 2022 and not at a later date like after the summer. If we keep on failing until summer then we have a tough road ahead of us because summers are usually not the best time, so spring needs to be great or we need to wait a whole year.

^ We need that big hype, or what we call FOMO to break the current cycle.

So far the price hops above $49k but have difficulty breaking the resistance of $50k. This pattern has been happening several times already and hopefully this week we can go over and reach at least $53k because that's where the TA is pointing to be next resistance level and $50k becoming now the support. The question is where will be the FOMO coming from this week?

I will follow the direction of the pattern because for me this will continue to repeat the same pattern, buy at $47k and sell at $50k this will not be long resistance and bitcoin again at the same price $47k try to see how many times bitcoin has become a pattern like this?

It's possible that the $50k resistance won't last long and it's still not a good change but FOMO will definitely come from anywhere even some people get caught up in this, the important thing is my analysis bitcoin will continue to follow the same pattern.

While FOMO can produce the effects that you mention at the same time this is not a recipe for long term success, it would allow bitcoin to grow during the short term and that will be all, it is better that we wait for more fundamental news to come that make bitcoin better on the eyes of investors and help it grow slowly over the long term, however another way for bitcoin to grow is if FUD impacted other markets and out of fear people began to invest in bitcoin as a way to protect their wealth from the crash of those markets.

We can't stop doubtful people from getting into panic once they heard bad news against crypto. FUD and FOMO are things that usually affect the market trend, it certainly fueling up negatively. I can imagine myself being in this situation before but to see how Bitcoin recover from the dip, it definitely changes my mindset.

---

Bitcoin price now is currently below $50k, maybe as we end this year in this position but I was not thinking that it goes down below $40k.
These Christmas holidays keep the market demand to stay low as the majority are possibly not focusing on the trades but on the family bonding and celebrations.

Here is a good bullish take on BTC price action across this year.   Its definitely possible we can bounce well from here, I just personally think this is a story for 2022 not the tail end of 2021 where we already saw so much happen saturating the order books with old volume to sell from prior attempts, this will process eventually just not in a single month.   Time will heal the selling and negative will resolve to be a future positive imo

I wish I was like you having bitcoins at your wallet mate, unfortunately all of them is dumped during the time it was cheap. Meanwhile, I only enjoyed the companion of altcoins specially the small value ones, I know someday it will provide us better future. Let's not rush, greatness of time will come and even if bitcoin support kepts raging over I believed all coins following the journey will also become abundant.

The market shows more volatility for the last 3 days , it is growing a little then dumping at the same time after  https://coinmarketcap.com/currencies/bitcoin/ now we can see that it is unpredictable and only the strong hands can achieve the profit of Holding.
to those weak hands try to close your eyes for a while so you will not be triggered to sell out because you'll miss the great pump before the year ends.
but given that the market will continue fall yet this is a great advantage for the long term holder to purchase more and try to add their bags with much more bitcoin for the next 5 years.

Hard to close our eyes especially when the market move the way we don't like but what the best thing to do if we are losing is either to cut loss and buy in the dip. But if we can able to hold then that's good but expect to hold it for many months from now since recovery takes time and fear is still high in the market since no people yet thinking bullish on the market at this point.

I agree, it was at 47k 3 days ago, reached almost 51k 2 days ago, reached 45k yesterday and now it is back to 47k again. I do not know why there is a big volatility like this, I am hoping that it will not be like that for a long time, hopefully we could end up with something a lot less volatile intra-day if you ask me but if it will end up with the same result like this one then I am fine with it.

Traders do not care about whats going on in the grand scheme of things, they care about the day trading and how much they could make with it. This is why I do not doubt that there will be some sort of changes in the crypto, surely it will have some consequences but in the end we can't just let it stay stable neither, so we need to either make it less volatile, or it is going to have a bad income with these high movements. Lets hope for the best and focus on long term if anything bad happens in daily.

It's getting more stressful if we monitor the price of Bitcoin in the last few days, because Bitcoin is indeed difficult to rise again above  the price of
$50k. Even Bitcoin is now down to touch the price of $ 46k, luckily now the Bitcoin price is trying to get back up and trying to get back to the $48k
price again. Looks like this December can be said to be a little different from the previous December, which as you said usually Bitcoin is bullish
in December. So I don't expect too much in December this year, I think as long as the Bitcoin price doesn't drop below $45k it's good, because
entering the beginning of the year Bitcoin price can start to be bullish. Indeed, what we can do now is just hold the Bitcoin we have, until
the Bitcoin price actually recovers.

Just that this thread is focusing on bitcoin only, that is why I only make comment about bitcoin only. I do not have much bitcoin, I started late and which to by more to make more profit when the bull market begin again. I only have 70% of my coin in bitcoin while other are for altcoins. So I do both bitcoin and altcoins. Know that I have just little but it is better than nothing. We can invest even just $200 on bitcoin or altcoin, at least we invest.

Investment is the best thing to do in order to grow our money which mostly just was ignored by the majority. Well, it also matters on the capabilities of our financials, and those who have not will surely decline the opportunity.
If you have $10,000 capital and 70% is for Bitcoin, that really to having huge returns when manage properly. Buying at this moment is somewhat a good idea, think that it surges high back to $70k, I think, you gonna be in celebration.

Right. What is important is that we have something to wait for in the future. But looking at the present condition, bitcoin is still experiencing a price decline as well as with altcoins. But even if they keep on dumping, its not a good reason to sell them in panic because you'll definitely end up a huge loss still. With bitcoin currently prices at $49,156, i think the best thing to do right now is to keep hodling it because if bitcoin fail to reach its new ATH this year, probably it will be possible by next year. Bitcoin won't definitely stay dumping, it will definitely recover and skyrocket again.

Well if order of the other market to become healthy, bitcoin should spike first and for sure altcoins will follow as well. But as you have said, we have seen a dumping for over a month now and no sign of stopping as we have a difficult time of getting over the $50k barrier. So the best thing is just to buy and hold and wait for it to somewhat recover and bounce again and who knows, maybe we can see a new all time high next year.

Without digression let me pen down my Bitcoin prediction since the thread is all about bitcoin price speculations, bit on having to hold on to the 48k resistance price for some days now with bull constantly trying to break out I will be left with no choice than to predict a 50k price benchmark at the end of 2021which is just a few days ahead.

Very possible that Bitcoin will increase to that level before the year will end.

Even pressures from selling are still huge, there are investors and traders who also keep on buying and holding their
assets, good for long-term if you are aiming to buy and hold.

Newcomers need to re-think before deciding and following any assumptions. They might lose more if they are not
carefully working inside this market.

While now it has  become increasingly more difficult to have a whole bitcoin in your wallet due to the high price at which bitcoin is being traded at the same time you must not get discouraged, there is still a lot of growth to be had and as long as you have some amount of bitcoin in your wallet then you will do fine, and I think this is especially important now as I do not think the inflation that we are seeing all over the world is going to slowdown at all.

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.

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 .

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.

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.

We're back to 2 day average (https://talkimg.com/images/2023/06/12/AvGfH.png) 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.

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.

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.

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.

As expected bitcoin market started to turn into bullish around festival times which may lead the market toward a new ATH by the times of new year. Speculators are eyeing about the closing prices of this year because that must be a big concern on deciding about the overall trend of 2022 but as of now we can be sure about continuation of bullish trend for few more months which must be a very big relief for many long term holders.

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.

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.

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.

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.

https://talkimg.com/images/2023/06/12/AvuE1.png

54k coincides with the 50 day average also, thats probably a good test for strength to this recovery.

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.

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

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.

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.

If you refer to the price chart for the last month, the bitcoin price has not shown any significant signs of increasing. it can be seen that the current volume of price movement has not yet given any sign of accumulation or a possible reversal to bullish and if the $42k support area breaks down, it is very likely that the price will go to the $39k area. Therefore, for now I am still waiting and watching because the price movement is still unclear and the trading volume is not yet supported to enter the accumulation phase or a possible reversal to bullish.

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..

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.

Not quite a higher low seen but price action is challenging the moving averages (https://talkimg.com/images/2023/06/12/Ake23.png) that might mark momentum to the downside.  The beginnings of a future positive is possible speculation.    If we break this area and establish it as a low then it begins to move upwards from then, if nothing else short positions must close and buy back into BTC.
  Look for 42k as a low on 4hr bars is fair marker to progress either way.

Well, I'm imagining how OP will feel right now seeing that price is dipping more. It just touched a strong support at $40,464 yesterday and bounced off it in what looks like a retracement. Let's be hopeful that it will begin to recover from there. Otherwise, if it breaks that level and closes below it on the Daily candle, it may likely dip to the $30k region. Even when I've come to classify Bitcoin as a phoenix that it's, I still maintain and know that its dip can be heartbreaking. I hope OP understands this too and not get hypertensive whenever there's a Bitcoin dip.

I think the bitcoin market is already showing signs of a bearish trend. The decline in the price of bitcoin in recent weeks has formed a negative signal pointing to a bearish trend. The big correction in the price of bitcoin is still continuing. Therefore, if it doesn't rise back to the psychological level of $50k soon, then it is very likely that the price of Bitcoin will fall to its lowest level of $40k.

Actually the signs of this trend bearish  have occurred in November 2021, but most people only think that the price decline that occurs is only temporary and bitcoin prices will recover soon. but what is happening now is that bitcoin has really entered a bearish phase and sharp price declines are still common and no one knows when this bearish phase will end. In my opinion in the next few weeks it is very likely that the price of bitcoin will drop below $40k because so far there is no sign of the bear market ending.

We are beginning to have some green lineup in the Bitcoin chart as the price stayed @43,000 for over 24 hours this indicates a strong bull resistance and if the market demands continue just like last week then we will break the $50k region, I will keep holding my Bitcoin since am not a trader but a holder for long term goals.

Bitcoin has touched $44k now, it's a good sign that the market will start to be bullish again. This may not be a confirmation yet that it's bullish but at least it has recovered after a big dump that we experience in the past weeks. Keep holding as we never know if it's just a bull trap, but even if it is, a bull run is still inevitable and it might come sooner than we expected.

It's very obvious that bitcoin market sentiment had changed to bullish after a long bearish run, the recent price action doesn't look like a bull trap, the price had broken a resistance and retrace to back to turn resistance to support an indication of bullish sentiment, the price is presently moving to $45K after breaking the resistance at $43K, the next major support is at $50K hopefully the present bullish sentiment is sustained for a long time so that hodlers can have sign of relief, Infact the price volatility and momentum was very high at the moment.

It looks what have you predicted above are all right . starting from the decline of btc and the price did not go back to its ATH up to the continuous decline that it last until January this year but it was now February and the price starting to recover again. Thanks for having a patience but a little more of it and your soon going to be rewarded big.

In case you feel un-motivated to hodl any longer, just think of this: the price was now at 40k level and selling it on this range is unacceptable and if you want to sell you could have done that last year where price resides at 50k range. The profit that you can get last time are better than the profit that your going to get today.

The consumer price index of USA have reached 7% and as a result inflation rate and the US dollar rate index too have increased. Due to this stock market and the crypto market experienced sudden market correction. To this the cryptocurrency market reacted dropping down close to $43500 from $45000. Further the market retested the resistance and moved above $45k. This hasn't lasted long and now the support have reached down to $43500.

The support on $43,500 has been shattered in the last 24 hours. Now it's $42,200 and it might go down a bit. So the support became the resistance price.

So this is not a good sign, although a price of above $40k might be strong though. But we will never know, once we get to that level again we might see another sell-off. Hopefully this is not case, so let's observed the market movement in the next couple of weeks and see if we are going to be still above the moving average.

Bitcoin today is moving fairly stable at the price of $ 44K and it looks like bitcoin has a pretty strong wall at that price so it can't reach higher prices for now, but in my opinion stagnant price movements like now are very difficult to predict bitcoin prices will go up or down in the future, so maybe it's better for us not to enter the market right now, although there is a correction and a decrease later in the price of bitcoin but just like you, I think bitcoin will no longer go down to prices below $40K and in my opinion support level the price of bitcoin it's currently between $41k-$42k.

Still holding and not doing that much fall, nature of Bitcoin to keep surprising the investors, if you can't hold your breath when the market
is falling better to leave for a while and not to look at your assets, but if you understand the drill so well, this is an open opportunity to make some money, either to short and grind or add more to your long term holding for much higher compensations.

Just make sure to do your homework and plan your participations, it will be a lesser risk if you that way.

I think this really depends on your readiness to hold bitcoin, but I think bitcoin will continue to strengthen in the future, it's a good idea to keep holding it until the right time, so far bitcoin has not experienced such a big price drop, so it's still in the safe category for now for bitcoin, the correction phase will definitely return to the green line, although now it has not shown a stable and normal sign, there is a time for us to be patient to achieve maximum sales results, rather than taking steps but not making profits.

Bitcoin support is at $35000, this is the bottom price in January and February,

of course if it can still survive at this support the Bitcoin price is still safe, Bitcoin has been sideways for 3 months,
and is always stuck at $45200 resistance, hopefully the bitcoin price will quickly break through the resistance and immediately to $50000

$45k is the resistance now, current price is $44,200 and just bouncing around. But we have a good increased in the last 7 days so I would say that we are in good hands right now. And I'm expecting that the price will continue to rise as long as Terra will continue to their word that they will continue to pump money in the bitcoin market worth billions of dollars. And maybe we can see the price going over the $45k resistance and maybe hitting the next big barrier of $50k so exciting times ahead.

And it seems that he have touched that big resistance of $45k and now the price seems to be stabilizing again, in the $45k-$46k. Not sure if this is a good indication short term or long term. What I'm interested in is a break out run to the next barrier of $48k(we already touch this price as well but didn't have that momentum to stay and goes up to $50k). So again, this is going to be another "wait and see" attitude for some.

Somewhat though, the support level now is $40k, and obviously, the retracement continues as we go down in the last week so the trend continues, no $50k in the horizon for us.

And so we might see the price at this level, until a break out run occur, but I have doubts about a possible move to $45k this month. We are entering the last 2 weeks and usually at the end of the month, it's either there are no price movement, just sideways or going down in the 2% range.

Many phenomena regarding the price of bitcoin occurred at the end of 2021 where bitcoin experienced a decline in price throughout December after printing ATH. This year, of course, bitcoin's performance is expected to be even better with a significant price increase. Therefore, let's see if the price of bitcoin will rise again in 2022 or go back down from the previous price.

But it was what we expected, but now is not what we are seeing and witnessing now. The price of bitcoin in 2021 is better and interested to invest for hold than what we are seeing now, 2022 is totally different experience from other years for cryptocurrency because from 2019 bitcoin was reducing little bit than the way it is falling with out retrace. I have seen and undergoes the falling of bitcoin from different years but this one is the worst

It was 2018 when bitcoin went low, it finished the year at a low price went from 20k to 3.5k, which meant 2019 started with 3.5k and it reached 14k but ended with 7k, so was there a fall?

Yes, but it did 2x year start to year end, then in 2020 we broke over that 20k barrier again, and in 2021 we reached 68k, so we are low right now compared to previous years just like 2018 was as well. Doesn't mean it is the same thing though, we are at about 50% right now, whereas the market went 80% and more, even 90% lower in 2018, we are not that much low right now and doubt we will get there. This is of course just my guess, I do not know if it will go on.