Bitcoin Forum

From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.

https://i.imgur.com/8AmQQsM.png

If this scenario occurs then the current buy the dip will be very profitable.

The chart seems bullish since that 1W timeframe which means the bullish trend will be strong once there's a reversal confirmation but since its a long time frame, We can expect the reversal in a couple of weeks or months since it needs to hit that trend line and bounce there to make this TA valid. There's a strong manipulation still ongoing so even there's a clear signal on long time frame, We might still encounter a huge wick downward.

1- Its a rising wedge (bearish pattern) with price target of around 5k$. I don't know how you call it a bullish scenario.
2- formation trading does not work that way, that you try to guess in which formation we are currently and trade inside formation. You see a formation, you wait for breakout with confirmation, with volume and than open position with price target around formation target. So your prediction has zero value from technical point of view. You only painted how a nice chart could look like.

I like your analysis and brushstrokes.  If that is valid during higher resistance declines, when supply is dwindling, the price motives will translate.  I think everything has a loop and when it goes through a negative state, the positive repeats like a cycle, meaning the price reactions are bullish today.

That means we can expect a rally until the end of the year to ATH at 73-75k.  It won't be too hasty but it's still a possibility.

I'm not sure about $74K-75K being the next target. This assumes your two touch-points at resistance are a trend-line, but there is no third touch-point to confirm this as a pattern, for now it remains a co-incidental line drawn between two touch-points. If price were to get rejected from that trend-line again, then sure, we would have a rising wedge pattern (that'd be bearish for reference sake), and we'd be able to assume a target.

For an example of three touch-points that confirm a support or resistance trend-line, here is my new favourite. Could be a coincidence, but I now looking less likely:

https://s3.tradingview.com/snapshots/x/Xsxkt63t.png

I do like your support trend-line though, it does appear quite relevant as well as gives more credibility to price again finding support from $40K levels.

Personally I prefer the current interaction with the 50 Week MA, this being the third time it has supported the price in recent months:

https://s3.tradingview.com/snapshots/u/u62Vl5oq.png

Each to their own though  :)

Hope that this will occur in 2021 year end and not for the next December lol.

Have been waiting since second week of November to cash out some funds for this holiday but sadly i am a failure because the price continues to dip and now i am trapped with only more than a week remaining before the year ends.

Hoping that we will be having a great increase in the last week of December before 2022 comes to take over.

I somewhat disagree because both $60k and $70k are very strong resistances that would take a lot to break them and even when the uptrend resumes we are still going to be stuck behind each of these prices. That means breaking one like $70k could lead to a much bigger rise than a 6-7% rise ($5k).

What I agree with is this and I think so far such candle is yet to appear. It is what will finally indicate a spontaneous switch but for now maybe we are still expecting that prices will hang and play around the resistance and support levels. I can't speculate where the big waves is going to blow but certainly a direction will open up by the end of this month.

It is not easy to reach $75,000 this year since we are now in the middle of this month which means, we have at least 15 days to see the new year. So if the scenario is just to increase the price to $75,000, I think it will be difficult for bitcoin to reach that price because bitcoin is now down too deep and we do not know when the price will rise again. So maybe the bitcoin price can increase but it will be difficult if the price wants to reach $75,000 at the end of this year. Maybe it will happen in the next year but we still need to optimist that bitcoin will increase before the end of the year so we can back to make a big profit before the new year.

The OP didn't say that his prediction will be hit this end of the month or at least this year. He just said that if ever we enter another bullish phase and this might be next year, the next target will be $74k-$75k. So the big question is when it will happen as I believed it may take months for us to reach that price. In any case, some indicators still points long term that we are still poise to make a bull run and even maybe hit 6 digits.

We are in a not as good December as in 2017, clearly the shorts on 4/12 are creating a certain difficulty for bitcoin's recovery path, the accumulation process is still maintained. but the important psychological retracement is setting the decisive threshold to find a bullish structure sooner. I think it will be quite late to catch ATH at $75k when time is short but bitcoin always works wonders and maybe we could see a quick launch in the remaining 14 days.

I'm not a pessimist, but I'm more realistic when $75k is placed in January 2022

I also believe that breaking the 70k barrier may take time, but we will not encounter any resistance barriers between 70k to 80k, but the barrier will be from 82k to 89k.

If we go back a little, then several months ago we witnessed a bottom of less than 30k and a top at 68k.
And now we have a bottom at 41k and therefore the top will be higher than 78k, which may lead to 82k.

Personally, I do not expect an increase higher than 94k.

Again, the most pressing question is when will that be?

$40k is still a good 20% distance away so I'm not sure we can we're close to that (otherwise we're equally close to 59k and we're not).

I'm thinking as always that volumes are more important than anything else in terms of striking movements in either direction. I'll be happy to take and hold on to 60,000 for the new year... would still represent a highly impressive YTD.

Thanks for the easy-to-understand graphics and explanations. Responding to the current condition of the Bitcoin price, of course it is still in a bullish point, the worries out there only result in people who don't know how Bitcoin movement is considered as destruction. It's a pity, isn't it? though we're still on a pretty safe line to collect a lot of Satoshi. So don't let us be easily provoked by news that seems as if the future of Bitcoin just fell apart. The FED may have discussed this at its December 13 hearing.

I'm looking at the same type comparison. Really watching that bottom line because things are a bit bearish or at least pessimistic in terms of pricing.  Personally I think it's gonna break through the bottom line.  I think a lot of people are gonna sell off crypto in the beginning of the year to pay for some of the taxes they are gonna owe with everything doing so well, especially alts.

Op I don't believe in your analysis because there is a indication of a downward trend only if you know what each and every candle stick stand for. Although, everyone is entitled to his or her opinion and that is why I see those who believe in your analysis are given you merit but in time we shall see the end result of this analysis if actually we have seen the last bottom.

That is only a scenario that still has the possibility to happen for this year but I already said that it would be difficult to reach that price. If that is for the next year, bitcoin will have a big chance to rise and reach $75,000 even more. So in this matter, we still need to wait and have more patience waiting for that time while we can also have the time to buy more bitcoin. When the bull run comes again, I can not imagine how high the price will increase because that can break the last ATH so it could be somewhere high price.

Bitcoin's recovery path is still on the way. We can only be patient and not panic if the price is down and up many times because that will happen to bitcoin and it is just beginning. When the price is at a very higher price for about more than $100,000, you can imagine how much the price can drop to the lower price and then go up again to the higher price. That can make us have a panic moment because we may think that the price will still go down for more. If bitcoin can have a quick launch in the remaining 14 days, that is good for us because we can go back to making a big profit as I believe that many of us have already bought bitcoin at a low price. I think it is just a matter of time for bitcoin to start rise so be patient.

Looking positively on this mate, The candle seems to be going to be  favoring us now at least before this Year ended?

I always look at this chart but did not realized this one you shared.

Just like OP you only has own Opinion ., you may be right or OP will be right but what's best here? you did not received any Merit because you are Bearish while many are still Bullish like me lol.

The OP uses chart analysis and is not based on guesswork, so I appreciate the OP's analysis

Downtrends are common in bitcoin and after that the bulls can't be avoided, if you think the downtrend is long then you are wrong

Looking at the candlesticks in your analysis, I think based on this pattern the Bitcoin price will be bullish at least in Q3 2022 and the price will be in the $76k-$80k range. However, before hitting the $75k price target there may be a slight downside. Therefore, it is better to determine the right strategy to enter now so that when that scenario occurs we can get big profits. I am optimistic looking forward that a BullTrend will occur.

Unfortunately this is something that is quite common, if your goals for bitcoin are for the short term then you may find yourself in a difficult situation in which you are forced to sell for a bad price, now if you really need that money then you have no other option to sell, but if you can hold your coins for a few more months then it is highly likely that you are going to be able to sell your coins for a price way higher than what we are seeing at the moment.

Thanks for your analysis @StreakW, I have actually both some bitcoin at the current rate, and if indeed a new ATH will be achieved soon, that would make me profitable as well, but if the bearish movement will continue, I'll still continue buying using the same strategy by waiting what price it will settle when it floored.

As of now, I am not certain if the market will be bullish soon, but I'm sure every dropped is an opportunity as we are down significantly already compared to the current bitcoin ATH.

Well in a "bullish" scenario, I am not shocked that it is 75k at minimum, could be a lot more in my mind if I am considering bullish scenario to be honest. Hopefully we would be reaching to that 75k very soon because I keep seeing a lot of people who are losing their trust into crypto, and that is a very scary thing for the future, it could be a lot better if it wasn't really a problem for people in the long term but that is the risk we are taking.

Imagine this, we have 100 people who are involved with bitcoin, and the price is 100k, then price drops to 50k and we have 90 people who are interested, wouldn't it be harder to go back to 100k with just 90 people instead of 100? Wouldn't it be easier with 150 people? That is the problem we are facing right now, many people are leaving and becoming hopeless about it, sure most will come back and then some when the price recovers but it is making the recovery harder.

when I look at these charts with so many lines it reminds me of the past when I saw the guys' analytics on the tradeview, I would always laugh because their price forecast always failed. the price is falling, it is not rising and the question now is how far the price needs to fall to reverse this downward trend.

That's too far enough to happen although it might be the one that needed for Bitcoin in order to break the hardest resistance which is $70k currently. Bitcoin needed more months before we could see another ATH as the price in the dip right now and it might be the same as before when Bitcoin hits ATH it goes down back to $30k so it means Bitcoin need those months. It's between Q1 or Q3 but I hope it happens soon. Bear is just around the corner but maybe in 2023 or so.

So far the hardest resistance is $50k, we can't break that barrier in like many attempts.

After reaching a new all time high last month, the price seems to be on a downward spiral sad to say. So $70k is very far in my opinion and not sure if we are going to hit that price. Although at the back of my mind, I'm still thinking that we can still bounce back in Q1, it might be a difficult road as it seems the sentiments have shift to bearish this December.

It is not easy to break $50k because the price seems not too strong to lift the price and back to up to $50k. Whenever the price starts to increase, it will go back to the lower price, making bitcoin have a delay to rise to the higher price. But whether the price will go up this year or next year, I think we do not have to worry because in the end, the price will start to increase and once that happens, the barrier of $50k will be a break and the price will still grow and will hit the next new ATH.

This is a very strange way how you are using the 1.272 fib projection, I don't think most people are looking at that fib level. However if you take the previous cycle high ($20K) and low ($3.1K) you will get a fib projection 4.236 at around $73000. Which is pretty close to your fib.

Will this be the top? Nobody knows because in those areas there is no resistance, so traders are plotting projections where they can. Obviously $100K is an obvious resistance area and the rest people use fib projections. So it might or might not be the top. I think alot depends on if $42K was the low and how long we spend in this trend.

Every time Bitcoin dropped, people believed the bull run was over. Wealthy investors bought into those dips and made millions. It makes sense to invest only in market declines. If a bear market exists, the buyer will be the seller. But, there is far too much downtrend sentiment in the stock market and bitcoin market, nobody really knows, so don't invest if you aren't prepared to lose, good luck. Don't rely on technical analysis every time!

I'm very optimistic during this term. And you're right, as long as we manage to stay in the loop and not get a massive red candle all of a sudden, the projected scenario isn't far from being a reality. Right now, the market is just bouncing off of $45k and $47k, with no serious sell walls and buy walls. Personally I would still wait for a better entry price than the current price on the market, but once the price slips below $40k, that is, IMO, where things get a little tricky.

a good structure can really tell where the price will gonna go in the near future, and that structure is very pretty tho. i mean there will be a new high if it successfully made break out, if not then it means it still not stable and don't have enough strength to jump again..let's just keep our finger crossed that it's a positive sign. :D

But we have reach another resistance level of $45k although it goes back up to $46k the market is still very much undecided so not sure if $75k is still the minimum to be reach or we might be seeing a form of bearish trend already.

Of course, the trend continue, then we might see the price into the $40k'ish and if it a sign of bearish then the price could still go down and we might have to wait before entering and buy at a cheap price.

Whatever happens with the chart analysis we expect 2022 to be a great start for bitcoin's future price because whatever the shape of the chart we can't predict whether it will drop $40k or be expensive to break through $75k.
Let's just pray for the best for bitcoin in the future and be sure that bitcoin will continue to grow.

Praying has nothing to do with the market movement, still based on investors and how much they are willing to pour money. But it seems that we have a negative sentiments, a bear market and all points that 2022 might not be very good as the shape of the market is really week at this point. Volume is no longer very high just like when we are in a bull run. Maybe the investors are getting out or moving to altcoins or any other financial market right now.

We should always be optimistic despite of these challenges and I know Bitcoin will still follow the trend and will made a good trend to bounce back, hopefully not to break another support level this time and will start to pump again slowly but surely. Looking at the chart, its pretty ok with a great volume, let’s see in the coming days if this will happen or not.

The problem with it is that if the price does not get any lower then you will miss the chance to buy bitcoin for a good price, and as you say I do not see a huge selling pressure accumulating itself or anything like that, so I think this is a great opportunity to buy bitcoin before we see another sudden growth and then people begin to buy because of FOMO, after all it would be very weird for the the bull run to end without making at least one last attempt to break the current ATH.

Even with the current price level of $48,000 MOST PROBABLY it will always be profitable when we're talking about long term perspective.
It might not be the start of the long bearish season and it could still initiate another run and that's actually good, but to make it more safer don't hesitate to buy Bitcoin at the current dip when you can and start holding it no matter If it will make another run this year or early next year you're absolutely safe.

It seems a good analysis and we saw that the market now was slowly recovered from the previous correction.
This could be near to accurate prediction and by the end of the year Bitcoin will go up again and I think, this is natural that Bitcoin has a correction during holidays.

It could be by next year Bitcoin price will start into a path of a bull season which everyone most anticipated.  I don't believe that there's a huge drop like what happened in the year 2018, Bitcoin has gained popularity and has more investors like institutional investors or even a private individual that potentially called whales.

In a bullish scenario, $75,000 is very minimalistic at least for me because we've seen Bitcoin moved very fast in just a couple of days and we might see it again.
On the other hand though, the chances of Bitcoin going to a bear market goes up when it goes below and closes at least at the $40,000 price range.
Bitcoin went sideways for a few weeks already which means anything can happen. Either the bulls will regain the control or the bears will now control the market.

In which Gods you will pray?
I mean there is nothing wrong with praying but praying alone will not help Bitcoin. Bitcoin and other markets' price are moving base on the sentiments of the investors and not by praying.

The current buy the dip will always be profitable. In fact, not just that, what I want to say is that all buy the dip signals are profitable. Actually, not even that, one only needs to take a look at the overall chart of Bitcoin since its inception and it is enough to realize that even buying the ATH is profitable. But it takes time of course. But there's the point, if buying the ATH is profitable how much more does buying the dip? If the next projected price target is $74,000-$75,000, buying anytime is profitable.

We have seen this many times before, so I think we get another chance to buy at the dip and hold for some time or sell when the price starts to increase.
We do not have to feel bad if we already bought at ATH because the price will break the last ATH and will hit a new ATH in the future.
So rather than feeling bad about the current situation, we need to use the moment for our benefit to have a chance to buy at a low price.
I am sure the price will hit $74,000-$75,000 sooner or later but if we do not have many bitcoins, we can not sell at the high price.

But with this kind of Movement now?

https://coinmarketcap.com/currencies/bitcoin/

Increasing more than 3k i 2 days , I am not sure if we can still make another ATH this year , actually it is 70,000 is the hindrance and needs to be broken.

But Yeah let us not lose hope as the price is now greening while the Month/Year is nearly ending.

Bearish season already last almost 3 weeks and the support is still strong, bullish scenario might still happen in near future so taking a chance to buy more is the chance to get profits.
But anyway placing a stoploss is still a must, since we don't have to be too confident because the market could also make another decline and break the support and going to 40k. Let's prepare for any condition right now.

As long as the bearish trend lasts in December, the price of support is very strong, therefore the price of Bitcoin is still above the price of $45k.
But unfortunately several times the price of Bitcoin tried to rise, but always failed to rise above the price of $50k. And based on the results of
my analysis, the price of Bitcoin will not fall below the price of $40k, therefore I have bought more Bitcoin. I hope that near the end of the year
the price of Bitcoin can at least rise above the price of $50k, if it can be achieved the price of Bitcoin rises above $50k. Beginning of 2022
the price of Bitcoin could enter a bullish trend and the price target of $75k is very likely to be achieved. But because the price of Bitcoin is difficult
to predict, then we have to prepare for the worst case scenario, so I totally agree using the stop-loss feature is important to do.

Who says there are Bearish season happens? price of Bitcoin stays strong as the value is up to more than 40k , and this will never indicate a Bearishness because I believe that we can only call if as bear if once the price drops down to below 20k as that is the last ATH back in 2017.
but as long as the price stays this level? and look at it now https://coinmarketcap.com/currencies/bitcoin/ almost breaking 50k once again.

Yeah, several times bitcoin tried to rise but failed to rise above $50k but what the good thing is the strong resistance of bitcoin's market price of $45k is still in the line so I would like to think positively this time that maybe we will gonna see a good market value of bitcoin this coming holidays or even before the year 2021 ends. I do hope for a good market value of crypto today however I do also prepare myself for any worst-case scenario and my stop-loss technique were always on the rescue whatever the situation may happen.

I was expecting a target of 74K$ for Bitcoin in this month, December, but a sudden dip occurred as a result of some negative news that led to a sudden drop in Bitcoin to about 40K$, but now Bitcoin is starting to regain its bullish activity despite the heavy pressure by whales to absorb the market and if this continues The bullish wave is sure to see this target at the beginning of the new year 2022 and therefore it is expected that Bitcoin will continue to rise to reach a new high, I expect it to be at $85,000.

We just feel confused whenever these type of things happens. I mean we feel very happy that we are seeing that 45k support being so strong and not allowing the price to drop too much, that is a great thing right? But we also see that bitcoin is not doing that well on going higher to 50k+ as well so we are sad about it. We are just stuck between 45k to 50k range and that will have to pass one day. Which direction it will pass? We do not know, but let's hope that it will be to a 50k+ price range and break another ATH because it allows everyone to earn money (aside from people who short bitcoin).

I have to say that bitcoin looks better lately, but it doesn't look like there is going to be a bull run, it just feels like some people accumulated and turned that into profit but it is really not that big and we should not be really too hyped about the current situation, at least not yet.

And without a doubt you are right, even if someone followed the opposite strategy to buy the dip and instead bought their coins at each new ATH this person will still become very wealthy if they invested enough capital.

However this is a difficult thing to do, we must recognize that the volatility of bitcoin can be very extreme and as such it is difficult to see your investment losing 20% or even 30% in a day as it happens when we have an important crash, this is why people have so much problems implementing a strategy like buying the dip despite how profitable we know it can be.

Wonder how the start of next year will go. Most likely till the end of the year will be chop and then in January it’s going to be hard to predict.

Some are assuming a repeat of Jan 2021 where it went up exponentially and topped at $60K and others are expecting people to sell at beginning of Jan for the new tax year.

Then as we get closer to April tax time, it might be a repeat of 2018 where people are selling to pay their capital gain taxes.

I always find this type of speculation very weird (selling to pay taxes, selling near holiday to buy presents, selling to go on holiday,...). They make no sense to me, even though some may very well do it. Because why would people sell what they have painstakingly accumulated to pay for something you can pay otherwise.

There is also so many exceptions to this kind of speculation that makes it invalid. It also doesn't explain why price always rebounds after those times where the drop occurs because if people really sold to pay for something they wouldn't have money to buy back and for the price to jump back up again.

Actually this case is like this selling bitcoins to pay taxes, buying gifts and selling bitcoins for the year-end holidays it is only a few percent or no more than 10% of the total coin holders but this is often used by trading players' strategies to sell their assets with assumptions will buy back after the price correction peaked, therefore bitcoin often plummeted before the new year.

Yeah, doesn't make much sense to me either, at least as adaseb puts it. In the stock market, it is well known that people who manage portfolios of stocks usually remove those they consider weaker at the end of December to offset gains of other sales of shares made during the year and pay less taxes, but selling at the beginning of the year? Never heard of it but I'm not saying that some people don't. You sell in January and don't pay until 15-18 months later.

In a bullish scenario this is quite possible. Anyone who comes in here and talks about "how would we know if this will happen???", well this is a "scenario", go look up what it means. It is obvious that there is no guarantee that it will happen, all we have right now is what we can imagine as possible, and in a bullish possible scenario price will hit 75k. This is just the way market moves, we keep going up and down and keep doing that forever.

It could be 40k, it could be 70k, both are quite possible and in the scenario where it goes up instead of going down, the price will reach a new ATH and that is quite easy to predict. This is why people who hold bitcoin for long term usually end up profiting.

I have never seen a scenario where buying the dips worked differently. It is profitable always.

But, your projected price levels up to $75k seems like into lower side compared to what we have seen people speculated for months. Basically I am also confident about getting into $100k levels in coming months but anything below to that seems not acceptable personally.

Of course, there is no secret formula in buying the dip, it's always a win-win situation and profitable if you look at it long term.


Maybe this is just a conservative estimates for now, as we all know 6 digits is the projected price everyone is looking. Unfortunately, we didn't even get close to it, and we are very happy to see it crossing $50k at this time. But I'm not seeing this holding and sustaining though. Sorry to sound like a little gloomy this Christmas.

Then this scenario does not come to happen, because obviously the trend change course and with 6 days remaining that won't happen that fast so expect a slower movement this before the Year 2021 ends.
this does not take effect lol, only 2k usd added in Bitcoin price this December 25. so meaning any moment this will turns out to dumping

And yeah, usually it's on a bull run that we see a lot of price increased, from $3k in 2020 pandemic to $68k last month? that's. really a huge rally to begin with.

So it's possible to still hit $75k based on OP's TA, but it might take a lot on us. As we goes down to $50k, so we need a lot of money to pour on the market again. And it can be done if there is FOMO or hype next year.

It's because of the halving in May 2020 that pushed the price to a new all time high in 2021. Not once, but twice we achieved it in a year.


That is a conservative estimates, most pundits is still looking for $100k this year.
Although its obvious that it won't happen, we still have 2022 to push that agenda in the 1st quarter of the year. Money is not the problem, a lot of institutions and governments are willing to take the risk and invest, it's the sentiments of the retail though that is important here. If retails still thinks that 6 digits is possible, then maybe we can get it to.

Bitcoin finally made it to $50k on Christmas Eve this year, that's a very good sign in my opinion, and the possibility of returning the price of
Bitcoin to the price of $50k is a bullish trend that will come soon. A few more days this year is coming to an end and I'm quite satisfied with
Bitcoin's performance in 2021, hopefully 2022 will be even better and I believe Bitcoin's performance will experience significant development in 2022.
It seems that the minimum target of $75k is most likely to be achieved in 2022, not even impossible in 2022 Bitcoin can reach a price of $150k.
It is very profitable to be Bitcoin as a long-term investment.

I wouldn't say it was the halving that caused all of this right away. I mean sure it had an impact there is no denying that but so many things happened in the same year that I would say all played a part.

For example, the whole "gamestop stock" thing played a role, because there were a lot of people who bought crypto and that stock and brought a lot of those people here as well, dogecoin and Elon musk played a role, and sure halving played a role, covid played a role, high inflation played a role, covid relief payments to people which was basically free money paid a role. I could name more stuff but you get the gist. It was never really one thing, it was multiple things that caused the price to go up if you ask me.

Still, halving must be the primary trigger. I mean that you might have forgot bitcoin by getting busier in your business of anywhere even you got a plans to accumulate more bitcoins and when times move on and you are only up to your plan up level, then halving might give you an alarming signal to execute your plans with respect to bitcoin investments (this definitely might have happened with many individuals and institutions as well).

I believe this is the exact reason why MR. Satoshi included halving rather than reducing the supply on each block. When something happen after lots of anticipation then that will play a definite psychological role which must be more important for convincing anyone in money related thing.

I have never thought about it but I think you have a point, it would have been possible for satoshi to simulate the effects of the halving in a more subtle manner by each block having a slightly smaller amount of bitcoin each time a new one was mined, but instead he decided to go for a system that was way more sudden and impactful, this meant that people will take actions before the halving to put themselves in the best position to take advantage of it, which explains the four year cycle we have seen so far in the bitcoin market.

Actually, Bitcoin price analysis can be done by anyone. The most important thing in making an analysis is understanding the basic concepts. In my analysis, each candle stick represents a specific price movement, according to the time frame. Therefore, let's see in the future whether this bullish scenario occurs. You need to know that in a bitcoin bullish or bearish scenario, nothing has been proven accurately. may happen may not happen.

And you don't need to be an expert on it or make TA, everyone can make a educate guess as to where the price will go, either short or long term. But if you want to go and be specifics then yeah, learning TA and plotting graphs will help a lot in predicting a bearish or bullish scenario. But currently the way I see it, we are still in the middle and there is no break out run. Hopefully, we are still in the bullish phase in the start of next year and maybe even reaches a new all time high.

somehow I believe bitcoin will hit 75K like the analysis you made ! 2022 could all happen seeing the price in the last few weeks strong at the level of 40K up to 51K ,hopefully in two weeks from now coinciding between this year and next year bitcoin will remain at that level ,because 75k should be able ! ah hope the wind doesn't turn far from where it is too in 2022

We are not below $50k, so as I have said, the run up to $51k is a fake breakout to be honest.

However, we have still the New Year, so I'm expecting the price to still go up a bit and a shade above $50k at the end of the year.

But that could be the last push we are going to see as we might see a bad 2022, just saying.

Maybe it will be the start of a bear season.

I think the possibility of bitcoin price reaching $75000 will occur in Q3 2022. So far the bitcoin price is still difficult to break the $60k resistance, even the bitcoin price is only holding at the $47k-$51k level. however I am optimistic that the bullish phase will occur again next year.

Myself believe the same, 2022 can be a start of the bear season. During the 2017 bull trend similar thing happened. By the time when price of bitcoin began to drop regularly people understood it as the bear market beginning. Further investors started to make noise predicting 2018 as year of ethereum and altcoins. Later nothing happened, every cryptocurrency experienced bearish trend.

This time price increase have happened good this year, but same pattern as the previous bull trend could end the upcoming year as bearish.

One of the things that makes the price of bitcoin so difficult to predict is its extreme volatility, your prediction is reasonable as you are giving bitcoin a significant amount of time to reach that level.

However the volatility can be so extreme that such price could be reached at any time, after all we will only need to see a 50% increase from the current levels to see that price, and while that is a huge movement in most markets when it comes to bitcoin that is not such a big deal.

That is 6k away from the recent ATH  so please never underestimate the capacity of Bitcoin so lets take if there.
69k is the last ATH and i think this will be the last stop and we will see another more in the next years.
but 2022 is something we cannot promise , remember that we have recently taken the year of Bull so basically this will be followed by Dumping year like what we had in the past after Halving season.

This means that the price is very much different from many people's predictions, we hardly saw a large bearish in the previous month for bitcoin, and the correction condition will continue until the middle of this year, if we look at last year in the last 4 months towards the turn of the year, bitcoin will experience the same this year, but to reach the maximum price, I predict in the middle of this year, but to touch the price you mentioned I still doubt

It's obvious that we are not going to see $75k, much less $50k at the end of the year, and forget about that $100k, maybe we put too much emphasize on that one because of the S2F model who made us believed that 6 digits is possible in 2021.

Anyhow, we are looking at the new year 2022 and I for one is being positive that we might be still in the bullrun sentiments and at least the first quarter might be still be good for us and there is a chance that we might go $50k-$60k in the next month or so.

We don't know if the first quarter will see a significant increase but for me $60k$70k is realistic if there is still a trend, we will not press too high expecting this correction to end soon and start with the rally we are waiting for, but the odds are in 2022 pretty big we are looking forward to the first quarter which will be a long one and this process could result in the best price in Q1.

That's the thing about crypto, 6k above the current ATH is not something that is difficult and we could definitely achieve it. However, just because we "can" doesn't mean we will, is it possible for bitcoin to be 75k or even 100k this year? Of course it is possible, those type of increases in the crypto is not a lot and we should be able to do it. However, a big decrease is equally possible due to how volatile we are at the same time. I am expecting us to break ATH this year for sure, there is going to be something big, like some big news and we are going to see it reach to 70k+ for sure and break the ATH price.

However, I feel like we can't sustain that forever and we are going to end up with a big drop as well. Let's see what happens and hope for the best, however no matter what happens, I want it to end the year above 45k, that's the important part for me, by 31th December 2021 we should be 50k+ even 60k+ and as long as we are there, I do not care about what happens in the middle.

I believe in Bitcoin price will be reach $70k-$75k+ in 2022.Bitcoin is most popular coin and most valuable coin right now. 2020 and 2021 Bitcoin price huge increase and reached $66k+ in 2021.I hope getting more expensive price in Bitcoin in 2022.I hope bitcoin will be more development and BTC price will be more rise in Future.

That's what other hoping since if we can still experience a bear market condition this year then maybe we can say that we will see that thing in next halving since mostly this will be the indicator of a bullish market season like what happen from the past halving happened recently. But lets hope more hype to come and adoption stage will be huge this year so that we can see this to happen.

The predictions that people make in 2021 are the reference this year, at least the price comparison in the previous year will not be much different, the development of bitcoin has actually occurred in 2021, where travel, movement and stability have proven successful for bitcoin to do, compared to last year where the price of bitcoin did not reach what it is today, but this development will be even more perfect if this year bitcoin is able to reach 1 billion.

I think a bullish bitcoin scenario will occur in this year to reach the target price of $75000. Although the bitcoin market is still tending to be depressed since the beginning of December 20221 until now after a sharp sell-off. However, I think as early as 2022 now, I predict that Bitcoin price will appear to be on an upward trajectory of up to $100,000 at least in Q1 2022. Therefore we expect at the start of this new year, bitcoin price to rebound again.

Everyone wanted the price to rebound again, unfortunately, at the start of the year, the bullish market is but all gone now and has been replace by the bearish market. And I tend to agree that history might repeat itself again, like 2018 wherein it is the start of a long and bearish cycle after hitting $20k as ath. Sorry to burst the bubble but I disagree with you, it will be very difficult to rebound and reach a upward trajectory of $100K.

I'm also leaning towards a bear market, but in the short term or at least this quarter.

I think if we look at the sentiments, it all but negative, but if there will be one good news this market might turn for the better again and who knows $75k target could be hit.

Maybe news like a new country adopted bitcoin legally like El Salvador, or a bitcoin ETF approval by the US SEC.

And if cases that we are in a bear market then we have to face that and be prepared.

The current market is not well controlled, so there is a big mess till now, negative sentiment worsens the condition and can't be cured till now, news about a new country starting to legally adopt bitcoin also can't affect the market, market conditions should be back on a good trend, if you want a lot of price improvements to appear in the future, but maybe we need to be prepared to wait for everything to finish, then get back on a good track and be able to produce maximum prices.

We do seem to be outside of OP conditions for a bullish scenario, these patterns can fail and frequently falter before recovering.   I dont tend to draw anything but a straight channel upward that either continues or requires a reset but its not easy to read.
https://talkimg.com/images/2023/06/12/AkiCj.png
I think BTC remains bullish over the medium term, its done well this past year and hasnt negated that price action by in effect going sideways.    I think the recent low could prove to be a good one, its appearing in line with support for 2021.
  I wont especially believe we are going to ascend near term until both 50 day and 50 week averages are regained.   Until that occurs, I think we are in consolidation and revision ie. we have slowed the pace of gains but I dont yet count that as a negative larger trend.

In other words, we are still in the middle grounds for now, so it might be good long term, but bad short term. But either way, it will take a lot of patience from us to really wait if $75,000 is achievable at the second half of the year.

There could be some news that will trigger another bullrun in the future pushing that price higher again and confidence is back, thus hitting 50 week average again.

Don't trust your instinct that this is still a correction effect because this is almost 2 months on going so i believe that there are no correction instead this is the real movement of market now.
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There is no increase that will happen in next months and as i believe this will also not come this whole year.

but in case there are chance to hype then that will be in the next 2-3 years.

There is a difference between what happened and what is going on right now. What happened was a correction, but just because we got a correction doesn't mean that we have to be high right now, not all corrections are followed by a big increase, some do and some don't.

So, what happened was a correction, then we had a small bump, weekly in the green, and now we are just.. here. It is not doing bad, it is not doing great neither, just because the price is low, you can't say that it is "doing bad" right now, it "did" bad but right now it is stagnant or even a bit better. That is the situation we are in right now, it is not a perfect situation, but it is not horrible neither.

Well, that's what the whales and institutes want from retail that they become completely disappointed on the bullish market and sell all their holding thinking the bear market is started and the price will go further down. That will be the right time when whales will push the price up and then retail will again enter at the high , probably at the time when bitcoin will be near its peak.

The game has really change a lot when whales started to enter the market in the last couple of years. They really started and change the rules sort of.

All we retail investors and traders do is to follow those whales although our emotions most of the time takes over sell our stash and then this whales getting it under our nose. Sometimes it's better to stay on the ground and not sell and panic even if the price is going down to not give the whales opportunities to score from us.

Those big whales have the funds to change it all they want in a single second. That is the problem, the market is not ready for whales to do pump and dump whenever they want to, and when they realized that they just took advantage of that. Is it great when they buy it and the price goes up? Of course, but it is also horrible that whenever they want to they could just sell it and drop it a lot. We always had volatility but the hourly changes whenever they want to is the big problem.

We had bad days and we had good days, from 20k to 3.5k at one point from 2017 to 2018, but we never did it in an hour. With this situation I have seen the prices going from 60k+ to under 50k inside of one hour and that is really not something I could imagine being great feeling. We should try to avoid as long as we can but it is not something we can stop.

if we look at the past years we can see that the price has the problem of falling at the beginning of the months, this system has been like this for years. so this should come as no surprise to anyone, over the forecast of 75000$ I still think we need to wait and see what the price direction will be in the next few days or weeks. if we were above 50,000$ at least then we could talk about 75,000$

Because the movement of Bitcoin moves based on supply and demand, of course, whales who have large capital will benefit greatly. They can
manipulate the price of Bitcoin, this is indeed dangerous for small investors who only have small capital. But since there is no way to prevent
whales from manipulating prices, what we need to do as small investors is not to be influenced by what the whales are doing. Let them do
the dump, we do not panic by selling cheap Bitcoin that we have. We have to be patient holding Bitcoin that we have until the price target
we want is achieved. We must learn from the history of Bitcoin price movements, that Bitcoin will not be bearish forever. So how deep the Bitcoin
price goes down, eventually the Bitcoin price will go up too. So people who can patiently hold Bitcoin, that's people who can get profit from Bitcoin.

That is the secret that most people do not know. Just because we are in this market doesn't mean anything bad or good, it just means it is what it is. People try to read too much into the market and they end up losing money because of it, just ignore the current situation and focus on the fact that the future is bleak and undecided. The long term is usually always high for coins like btc and eth, some others? Not so much. So, pick the good ones and stay long and you should be fine.

The three coins you mentioned did experience good gains in the long term, but the correction phase also has an impact on these three coins for now, the possibility for future correction changes remains, but if you look at this month, then the potential is quite difficult, if you ask Regarding change, it really depends on the preparations we make today, if the strategy is good then we will enjoy the impact at the time of the change.

That's what I'm been telling since last year, even before we went into this down ward spiral. I said that if we can't maintain the price above $50k then we might be in for bear market.

And that's what happened, the price seems to have a resistance climbing to $50k in December. And on the contrary, it fall hard below $50k. And it continue to do so at the start of the year and even hit $32k if I'm not mistaken.

Let's just hope that your analysis about this bullish scenario will come into fruition, but I believe most of us here are having this "too good to be true" mindset. Last year, we're thinking that it's possible for Bitcoin to reach $100k, but it didn't happen. Predictions are predictions, so 99.99% of the time it isn't accurate at all because of no astronomical guaranteed returns. The price of Bitcoin and other cryptocurrencies right now are highly influenced by social media and news updates nowadays and how would traders react to that along with the mind games of these crypto whales. Always expect the unexpected.

Yeah, better had not to expect something big this year, specially on how things are shaping up this early. Last year beginning can't be compared to this year, last year we are still in the bull sentiments as the market is very positive and everyone is enjoying the run and build a good momentum to new all time high. And everyone is looking for that 6 digits that didn't happen at the end of 2021. And now things have change to worst as the market goes down to -50% of the last all time high.

The basis of the experience of the previous year becomes a source of reference for us in analyzing the development of several coins, the market has presented various phases of the coin's journey, corrections are inseparable in the market, therefore strategy and knowledge are very important in carrying out investments, hoping to profit from the hype is not the best solution for investing.

But what I am positive about this year is that more people are into crypto now. The market may be lower at the start of this year, but I have the feeling that later on, things will pick up. Of course, the strategy will depend on your financial capability. No one is obliging to spend their hard-earned money to something they don't fully believe in. But for those who are waiting this moment, they are happy to grab whatever they can.

The current conditions are quite difficult to predict, fluctuating conditions and corrections are two things that are very difficult to control, the investment value is very much determined by the strategy made, if the preparation is mature and good, then the investment will produce maximum value, this is very necessary in current conditions, it is right to make a study and make a good assessment of the coins you want to invest.

If you look at the past year price action for bitcoin, it is very much clear that bitcoin has a vey strong support at 30K and two times in the last year price has bounced from 30K to 64K and 69K respectiviliy. If bitcoin repeats the same pattern, then we may see another all time high in the summer of 2022 but we should know that price action do not always follow the patterns.

When the market will be near or at 30K, there will be extreme fear in the market and only the experienced traders will be able to buy at these tested support levels.

Well if this doesn't translate to the price then I would say that it could be a non-factor or least we will not feel it. I'm a bear market for this year, but I'm not closing the doors that maybe in the second quarter things might look good though and the price will hover around $50k. So that's good enough for me in a bear market not like today that in any moment the price could go down ~$30k and that is scary.

It maybe the scenario may happen  but of course there is some chances that it wont happen that soon and yes we are now in some what bearish season , though there are Greens of 2 digits growth yet this is not enough to believe that there is bullish happening I think in the next coming months this will be decided if Bull is really coming this year or we will be in Bear for long .

We are getting obviously excited about the situation we are in right now, doesn't mean that we won't go down but just because there is that possibility doesn't mean that we should give it up. I know people are not really excited about the situation we are in right now but we should just be a bit more patient about it.

We saw such a HUGE increase last year, then a drop and then another huge increase so we are feeling like we haven't seen a good price for a while, people became a bit impatient and people reacted to it in a way where it wouldn't really be reasonable to react for any increase because we just missed those high prices and we are not even there, the possibility of it made us very happy.