Bitcoin Forum

Despite the low confidence in the price action lately, we are seeing a sideways market.

A sideways market is when the price moves horizontally, rising and falling but not breaking out or down. It indicates indecisiveness or consolidation, which could create a turning point. The question is in which direction will the price action go? Well, we can only hope it breaks out and starts a new trend, but it can still go down.

The only good thing about a sideways market is that the price action between support and resistance is more predictable, so it's a good time to scalp. However, during a period of indecisiveness, you should trust fundamental indicators more than technical indicators, as anxious investors often turn their attention toward macroeconomic factors. This way, you can better anticipate breakouts.

I'm not a financial adviser so take my words with a pinch of salt. But, these are general facts most traders already know of. Yes, there's money for you even in a choppy but only if you play your cards right. Trade, not gamble.

Op, I like the term and that you brought it up. The price does seem sort of stuck around $30k, not moving significantly above or below this point. As I see no strong reasons for Bitcoin to stay down right now (no major restrictions from major countries, no big companies pulling out money, nothing like that), I think it's likely that the price will go up from this point. But, of course, who knows, maybe it can go down even further. It's best to wait it out and see what happens.

The price have been going down lately, I haven't seen a + in the meantime it's more than -4 but I do think that people who were not so sure about buying Bitcoins at the price which was almost double this amount are going to pump it up soon at the same time there is a lot on the news about bitcoins and other cryptocurrencies being adopted, people meeting El Salvador's govt. - then news like they dropping the bitcoins down it's making everything too weird, there are a lot of FUD's in the market as well, the market haven't recovered from the huge buy out and from the increasing interest rates by fed I think it would only be positive after the recovery.

Well, we can say it is going sideways currently but we don't know until when. We can only wait until the price bounces back.
If you see the weekly chart we can observe that the price has been falling every week until today.
So may be will have to wait few more weeks to see if it's really a sideways trend or not.

 
Not a good time to buy back still. We still didnt hit the bottom after the massive dumping during the heat of UST issue, we're still in the same downtrend. If this sideway movement takes weeks to month,  I will only expect another issue to rise for price to dip again $25k, its a stressful slow downtrend.

Right when I think the trend could change, its going downwards again.

Exactly. Many traders look on short time frame and view crypto market market in general using it. Longer time frame suggest that Bitcoin is not on sideways but rather on the continuous dump since the relief to 45K area. It's a good thing that weekly candle didn't close below 28K and bounce back before the weekly candle print. I’m still hoping tomsee a doji on a weekly candle or else we will continue go down the 20k support or worst if the bull can not find a strong support.

Let's see and observe what will gonna happened on the current weekly candle to determine the trend if there is a potential reversal.

It depends on how long you want to buy and hold, if it is for short period of time, I can guess this may still not be the best time because we do not know if the price of bitcoin can go down the more, but if it will go down, the downturn would probably not be significant.

You can still wait for awhile before buying but what if you miss the boat, it is possible but I think it is not likely for now.

If you want to invest for a long period of time, you can buy and hold bitcoin right away, the price will increase and you will gain but this can take like 2 or 3 years.

You can have a kind of investment strategy like some people bought at $35000, but not with all their money, bought again at $30000 but just part of their money, they are ready to buy at $25000 and also if bitcoin price decrease the more, which I do not think, they are ready to invest more money at $20000. This is a good investment that long term holders will seruly make profit from when bull run start.

Yeah, even I am waiting to see how this week turns out for bitcoin. If the response is positive it might be the bottom.
I am "wishing" that this should be the bottom because it has been quite some time now since we have seen a green market.

Yup, it definitely seems like we are entering a sideways scenario. Heck, I even think that we are already within it and the ranges would be 20k+ to 40k. Atill though, I am feeling a but bullish and currently expecting a breakout to 41k. Although it wouldn't be happening that fast but it think it'll happen anywhere before the third quarter of this year. The prices we see right now are definitely good prices to buy for spot and if it goes lower, just DCA or wait the storm out.

The decline can be said to be there again whether it will go down to 20k or even drop below $20k.
Everyone is still in doubt to buy and hold bitcoin so hoping for its price to go up to $40 and above even though for now it is very impossible.

I think what will happen is we will creep up to like $35K or $40K and stay there for most of the Summer. However when Fall comes around we might revisit the $25K and most likely will break it.

The stock market is going to start taking a break from all these sell offs soon in my opinion. I think most that panic sold are already out of the time. The PE ratios are finally coming down and I think the bottom is near. I don’t believe any of these “Great Depression” type of stock market crashes.

It's also good to zoom out your chart when identifying the sideways. It's more effective if you use a higher timeframe to identify the market structure.

The current situation with Bitcoin for me is really risky after Bitcoin broke below $30,000. Look how it will always dump when it is trying to climb above back to $30,000.
So for me, the current support now is $20,000. Sideways is between $20,000 and $30,000.

I think it will already bottom when it hit the $25K. Its not however a guarantee that an uptrend will come as well and perhaps touch that $20k support.

We are currently in a recession, many people will just keep the cash so they can  spend for the necessity. But only the rich people will keep on buying in the crypto market. Retail investors will feel the need to cash out. This could be  just a reset in crypto where only the rich can afford soon.

So hold on to your dear life.

Sideways is indecisive but its not unnoticed when we do slip along doing nothing because the absence of negative can be taken as a positive possibly.   Have to see how we maintain momentum upwards if there is such a thing, often I find BTC carries out many tests and fakes before it really moves.

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

So this doesnt matter much and it does because it can lead to things.  This is only 2 and 7 day averages but its coincidentally marked the top prices in narration of this recent downturn.  Thats why I watch it because its often a good boundary to watch and I only take price as being positive especially beyond fast trades when its above the yellow line here or weekly MA.  Close 30k on the daily and it starts to get attention & has to snowball really, at present its just noise.

If one or two of the big whales decide to capitulate because they see an opportunity elsewhere, it will definitely break down. So yes, we never know what's going to happen. I can see that governments and big financial institutions cashing in on crypto or have their own holdings have an influence on the price movement. Since they are always in the news, most investors are tuned in to their stories. It seems like the next trend will take place once any of them make a drastic move.

I agree with you, especially on the "great depression type crashes not happening." I mean, we've been through that several times. If no one has learned a lesson, we're doomed as a species. But, we can't deny that even crashes not as severe devastates smaller investors. Hope all the markets recover quickly so we can get on with our lives.

The problem with any type of short term bitcoin trading is that it is never easy to predict anything. I personally blame the irrational investors who keep buying bitcoin hoping for quick profit, aka weak hands. At any time the "more predictable" support or resistance could be broken just as we saw hundreds of times before where price shoots up or crashes down.
My favorite example is from April 2019 when $4k resistance suddenly breaks and price shoots up 50% in one day doubles in a couple of weeks.

That may be the best term for it. Just sideways.  :D
Good opportunity for short-term traders, make money in a day run or even just in minutes. Yesterday, May 19, Bitcoin was at $28k which and now at $30k which means a 2k difference which is a good profit already in just hours of waiting.
IMO, this is the same as what happened before, I think BTC was at $3k and stayed there for a long time. December of 2018 to March of 2019. Next, will be another pump in my prediction, sadly I don't know when.

This isn't sideways for bitcoin standards. We have seen 48k last month, then 40k, then 26k, now over 30k. That is not a sideways, sure for the past few days we have been a bit sideways but we can't move breakout every single day, we need to end up with a bit of a challenge and that should be something a bit better.

I believe that we should not be doing anything that should be sideways at this moment just because it has been for a few days. I believe that we should be something that is a bit of a big deal, the ups and downs are constant and that is why I believe that we should be careful about the current situation since it could do anything.

Assuming that we are still in the bear market of this cycle I expect the prices to go lower further, which may happen in the next few days or months. But the sideways is good for day traders if they are good at making their technical analysis while for short and long term traders its kind of risky days as mentioned we never know in what direction the price will move but the only thing I can suggest is expecting the unexpected movements.

I think even at bullish market, the sideway pattern is present, meaning there will be certain times that the market is very sluggish, maybe brought by several factors that's. And this could last for days or even weeks until such break out occurs. Unfortunately, we are in bearish trend now, most likely the break out could still be going South. But yeah, if you can find time to scalp and make money why not?

Indeed, what sideways is this?
Exactly one month ago we were at 41.5 k, that's a 27% drop, this is not sideways at all, on the 5th we were nearly at 40k, again one hell of a drop and no recovery, and this sideways move would have to be also a bit over not just below and recovery.

If I look on a 12h/6h frame at the recent graphs it looks like the sideways move (if any) happened more in February-April when we would go from 45 to 35, 35 to 45, and stay there for a few days at least with good pauses at the 40k level. That looks like sideways movement to me, what we have now is more like a try at stabilization around 30 after one shock.

That could happen in the next few days or months considering that bitcoin price movements have now become wild and very difficult to predict.
But we still have the opportunity to trade and make profits as long as we are not greedy in taking profits.
But if you're worried that the price could drop further, then you shouldn't trade but only buy when the price drops and keep it temporarily.
We must be wise in this situation and we must analyze the market movements before acting.

The $50k to $40k range was another bigger sideways before this last drop began and considering that it only took 8 days for the price to have this much drop from $40k all the way down to $25.4k and that was followed by exactly 8 days of price being between $28.5k to $31.5k, it looks a lot like a sideways market.

Yeah, I'd like it very much to trade sideways in 35k range please, so I can feel a lot safer to have a 10-15% cushion to lose ground with when/as sellers take profit.

Alternatively, we just completely bottom out, find perma support and sideways there for a long, long time (20-25k hopefully?) so I'm stacking long time in hopeful wait of next halving.

I'm... not kidding.

Right now, I don't disregard any possibilities anymore. I just stick on spot and leave behind some extra funds to buy on greater dips if they ever do happen. Some people right now are even speculating drops that could reach 12k-19k range. Although Bitcoin is doing well this Saturday, I am not disregarding the possibility of a huge dump that may or may not happen in the coming days. I am bullish but I prefer being prepared I don't wanna regret seeing prices go so low but I don't have any more extra funds to buy and DCA. I basically am satisfied with the numbers I currently have. They're on spot anyway so I'll just wait this storm out and only move when I see drastic changes regardless of direction (up or down).

Remembered that 38-42k playground before we had dropped bad in 26k and now it seems it do repeat on the same situation where we do really stick or move sideways on 29k-31k which might really be staying
up for a while whether the price could actually make out some significant movement but the question is, would it go up or down? that would be the big question.
Nothing new on situations like this on which there are times which do speculating on next possible move is really pain in the ass.
So get yourself get used to it.

^^ I will just base on what the current cycle is, so either short or long term, I think this sideways movement will at some point will have a break out run and it could go still on a downward spiral.

As there could be still selling pressures, just one negative news will trigger another drop in price maybe in the next month or so. Maybe we may have to crossed between $24k-$26k or even lower if the news is global and affecting all financial markets.

If the same trend we've got as last year, we will see a pump after this correction which we all usually know comes after these drops.
It's true that these side ways will cause one to doubt whether it's a good time to buy or sell but make sure that before you take any action, you know what you're doing and the decision you'll make. I like it more when bitcoin is like this, the slow-mo it got for its price.

Sometimes sideways markets can be more dangerous than bear markets.

I think in a bear market, most people will hold. Maybe a few here and there will capitulate, especially those over exposed.

However those that bought a tiny percentage probably won’t. Since other assets such as stocks are down also. However if Bitcoin trades sideways for the next 6 months, I can see many getting impatient and selling out of boredom.

That would be a great deal but I believe that bitcoin will skyrocket soon enough and will not be like this. I get that people who understand investment good enough knows that we are at a stage where it is definitely profitable to buy right now but the trading situation could not be the same thing. I get that it could be going down and up and we could trade that way to make a ton of money but that won't happen that quickly.

It is going to be a bit of a trouble when we see it a tradeable thing, and that would be something that would be amazing for all, but it won't and it will just simply skyrocket. I can see it be around 30k for a while and then skyrocket to 40k+ very easily and very soon.

In my opinion, currently selling is not the right thing because it will only make us lose.
Try to be a little patient and try to buy back bitcoin at the lowest price like now then the profit will be ours later.
But it all comes back to each of us because not everyone is able to survive.

Yeah, not a good idea, but if we are going to look at the price today, it went ahead, up on the $30k barrier again. So this could be the break out run that we have been waiting for although this is not a validation yet as it is too early to conclude. Let's see at the start of the week, if this is going to be a good one for us, or the pattern will just continue as sideways again.

If we go like that every single move right now on the market is a copy of something that happened previously. If we start breaking it down in smaller and smaller intervals 99% of the whole bitcoin trading history will look like a sideways move.

In order to claim the market is moving sideways and this is becoming a pattern then at least have a longer period to determine his, not a small timeframe of total apathy on the markets after a 25% drop, which came after another 20% drop last month. If you look at the recent history every round had a period like this, look how it was at 40k, but rather than going sideways, it was more like a try to stabilize the price and don't fall below 40k, the same is happening now.

Maybe not selling but buying at a low price and holding it for a while until the price can rise again. By patiently waiting, we can see the price slowly recovering and eventually, the price will rise again after this decline. And today, the price could return to $30k, and the trend is still up. Hopefully, this can lift the price to a higher level and no deep decline.

with all what the world is facing? it is indeed that the crypto market will be affected , as the world economy is dumping also now as War happening in the  worlds biggest supplier of Oil , and this is the situation why we are experiencing similar to the stock market.
so going sideways is normal in our time now.

Well, it's not the right thing if you're about to get more losses upon doing so. And that's why don't sell at losses and when the market is at its dip.
You'll see that there's no need in doing it and instead, you should do the opposite of buying if you think of this time as buying opportunity just like the whales do. Knowing the lowest price is up to you, you can buy during the said dip by most or buy during the dip of the dip, well, that's a meme that I usually see.  :D

Dont know on why some people do really consider out on selling when the market is on deep declines or dips which we do clearly know that it would eventually recover.As long you dont sell those coins you have

then you arent losing something.They might be looking on USD value but for coin/token value or amount would really be just the same and thats the thing you should really bare that up in mind.

Sideways or accumulation or consolidation period could really happen in the market anytime and this would really be a test of faith i would say.. hehehe.

Never short a dull market, classic phrase and worth remembering because it costs alot less to reference history then relive it personally and painfully.    Markets and people tend to repeat themselves, BTC is low but you dont sell into the low if you can at all avoid it because of why the harsh low occurs in the first place.   Biggest lesson to take away from any modern market is the amount of hot money or borrowed money that is sloshing around the place; when the market contracts it really hurts those who needed the momentum of trades appreciating.
   We get stuck in a loop basically and price is not always accurate, seen before and we'll see it again BTC is very likely fine and not any worse off then a year ago imo which is not to say we cannot go lower but I think we're stretching it with this straight red sequence.

Bitcoin have turned positive with market capitalization rising 1.5% to $1.37 trillion. Based on the growth pattern there is possible chances of price going above $33k. On the 6 hourly chart, sideways market getting into bullish pattern. Same time there is also risk of price moving downwards. If the price breach down to $28k there is possible chances of price touching down to $25k.

There is huge accumulation happening as the fear and greed indicator is at higher levels. So, more investors will try to make a profit in the short term when price goes high above $33k which too could down the market.

As for me I would rather avoid trading, even scalping, during this time of high uncertainty. There is indeed a sideward movement of the price but whether it will fall down further or break out towards a higher price, it is really unpredictable. The price is like hanging by a thread. Anything big could happen any minute. If I were to decide, I would rather put a bid order in place for a possible fall to $28,000 or $27,000 levels. But I still hope the break out will happen soon.

Based on what we are experiencing from the crypto market right now showed that the price is too low to trade your coins than to keep holding till the price return back to $50k before you can sell to make a good profit. I think the price will soon move from $28k to $100k before the end of 2022 because the team are seriously working to make sure that long team investors are happy with the income they are making from the market. The price will definitely increase higher in the month of June to allow people to make a passive income.

More sideways, along the weekly average back and forth is typical of the market wearing out both sides of the order book.   Volume builds at this level and it becomes more significant.

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

So likely the range is 30k and 25k below us and breaking that range leads us to more interesting price action becoming possible.  34200 above is the lows of Jan Feb likely target upside.

^^ Thanks, at least I have someone who see this kind of pattern.

Well I thought that we goes above $30k in the last 24 hours were good signs. But I was completely wrong as the sideways pattern will continue at least at the end of the week or this month.

So $25k-$30 will likely be the range, of course we wanted to see we maintain the upper bound of $30k'ish but we will see.

Traders are not picky and will still take low profits. If there are picky, that would be the holders because the reason why they hold is they are waiting for a higher price to occur. Price right now was still on 29k but 28k is not far from it so yes it is highly possible.

What I am only not sure is if we are going to hit 100k very soon. I temporarily erased it on my vocabulary and replaced it with lower numbers like 50k and 60k. Bitcoin doesn't depend on its team. They aren't the one that creates the price but prices vary on the mood of the whales, institutions and retail investors. If they want this price to go up then they need to buy and hodl harder.

I think preventing from checking the market nowadays is the best solution for us to less the frustrations  because if the market will continue moving like this then there will be more on the negative market that we will witnessing .
if we are going to HOLD then lets continue holding.

Yes and though it is His money and we really care nothing , yet we are concern if what will be His decision and of course some of Us here are looking for someone that we may copy the strategy? or at least will give us idea to what decision we may act in this kind of market.
but same trend as last year? i doubt we will even have the same , because look at the 1st quarter now ? and also this 2nd quarter? we all have knew that there will never be a 2021 in 2022.
and the answer is? Keep Holding for a while or at least till the End of this year.

That advice is much easier to say but sometimes hard to stay consistent. Checking the market for price conditions should not only be done because you own the asset, but also a must if you like writing something about price speculation and prediction. Someone who is experienced enough probably won't worry too much when the price of bitcoin drops, they know the price will go back up and they will continue to hold on until their desired target is reached.

Whether you are active or not to check market conditions should not change your investment goals. This means that you still should not sell when the market is experiencing a correction and you should stay on until you see the profit you want to achieve.

Are you talking about the whole market? Because all I'm seeing right now are red, and it's a bear market with some of the assets worldwide.

Maybe when you define a price range, then if it stays within that range, it's still a sideways market. If there are no significant resistances and supports that are not being broken down, you can probably say that it is still in a sideways market.

I also believe that scalping is excellent in this kind of market, making sure that you follow all your protocols in trading, especially when it comes to different indicators. Having firm decisions and believing that you are doing something would benefit you in the long run.

Red? What are you looking at mate? Bitcoin reached above 30k+ already, it is quite a green market right now. Hence we actually do show why it is sideways with this topic as well, because it was all red for a while, dropped to like 28k, and now over 30k and it will probably repeat that again and again.

I know for a fact that there are some situations where we get to actually go down and there are situations we go up but in the long run we are stuck between the same prices and that doesn't really change anything that much. I know that it is not that common for bitcoin to be rare, but it is actually not that rare neither, it does happen to just stay stuck between two prices time to time.

Why HODL when you can buy the dip?
Whenever there is a significant drop (this one is about 60%) and price reaches a strong support that looks like a bottom and also we see a sideways market where things look like accumulation phase, then it is an excellent time to start buying the dip before things are reversed and price starts shooting up again.
Even if drop continued, how much more can this 60% grow? It is already a massive drop that has a very hard time going any lower.

I'm currently looking at a longer time frame, not just the short term now. It's definitely in the red if you look at it now. You even said that it is red for a while. Lol. That's why I said that the major supports and resistances are not yet broken.

Basically a definition of the market. The price goes up or down.

What are you talking about?? Bitcoin to be rare but not actually rare? Do you hear yourself? Are you contradicting yourself? And how is it going to stay stuck in two prices? It doesn't ever stop because the market is always changing.

At least in the last 7 days, bitcoin more than 8%, so that's a significant increased already and the upper bound that you mentioned has been over come. We are now back to $32k, so if anyone has bought it when the price is trading sideways, this could be a great time to check your portfolio and see some growth. So this June might be different, but we shouldn't celebrate yet. Let us wait if we can break into $35k. That will be a huge accomplishment and at least short term the price has rebounded and maybe we can forgot about the Luna effect.

If I am not wrong, the last bull run market crashed down from a sideways market like this. The pattern was the same as this time. The market moves sideways for more than 5 months and suddenly in September or October, it starts crashing. Though after that sharp fall out market recover quickly and started a new wave of slow upward movement. So I think we have more time before we are going up once again.

We're still moving in the sideways, that is what I see. We got a few pumps but look, the price of Bitcoin just then is about to dump. The market as a whole is still living in uncertainty, with no definite direction to see. But, I think it was not a big problem, we can hold anyway of the situation is about to continue (that really be sure).

Well, it is just to hope that this June give shows some significant changes but still we can't be sure of that since we never hear any news that could affect and give impact on the market trend.

As long as the Bitcoin price has not been able to rise above the $35k price, I still think the Bitcoin price is still moving sideaways. So indeed
we should not be too happy with the increase in Bitcoin 8% in a week, because there is still a possibility in the near future the price of Bitcoin
will go down again. The most important thing for now is to just focus on collecting Bitcoin, especially for investors who plan to invest in Bitcoin
for the long term, keep buying Bitcoin regularly must still be done. Although we all hope that June Bitcoin will have a much better performance,
I hope that all of our hopes come true, because I can't wait for the Bitcoin price to recover.

I don't know which time are you referring but we are in 6th months of going sideways and there is no signs of recovering .

if you are talking about 2021? then yeah this is far different from 2022 because that is the effect of Miners halving while no ? there are 4 years to go before that  time happens again.

Week after this post mate , market is showing some good bunce though 4-7% isn't enough to cover the loses it brings from the months of dumping and if this is going to continue then maybe we will see a 40kish this month alone and since this is the end of 2nd quarter ? then we will be seeing another pump and dump in the next quarter before the last quarter comes.

It is not a "good bounce" as long as price doesn't go above the resistance which I'd say is about $35k and until then it is still sideways as OP said 2 weeks ago. In my experience the breakout is going to be swift, not like this small slow rise to $31k but a big green candle destroying $35k+.

We haven't had any pump and dumps in bitcoin for at least 9 years.

Then we need to see this month to complete first. But basing on the first week's trend, the sideway pattern will continue. $30,000 is the support and then the resistance is $35,000.

And although if we are going to break $35,000 I wouldn't call this a significant changes, we are indeed in a bearish cycle now and things are not going to be in our favored. So months after months, it's going to be a grind for bitcoin's price to even see some gains.

I don't think bitcoin will be able to get back $40k this month if the price doesn't start to move and break through every price in the $30k-$39k level because that's what bitcoin has to earn to get back to the $40k level. Many people hope that in this 2nd quarter, market conditions will improve again and there will be a lot of pumping that will happen, not only in bitcoin but also in altcoins. But again, this all depends on the movement of bitcoin in the market and if the movement of bitcoin has not found the right time to start increasing, the market situation will not change in a good direction.

I don't know man. Barely 2 days is the longest we've spent above $30k and it's 4 days now. Support needs to mean spending 80% at least of the time above it. Even with buyers soaking up all the sell pressure last week they couldn't defend a midweek drop, and we're about to record a TENTH week ending lower.

That's not at all how I understand sideways.

Unfortunately we are once again below the 30k level, right now there is simply no strength in the market, which means that even if we do not like it another small drop could be in order, now I do not think it could be big as I think we are reaching the limits of how low the price can get, but at the same time the lack of demand is still there which means that bitcoin is having a lot of problems to surpass the resistance level at 30k, so 35k seems to be unreachable at the moment.

Really hard to make out decisions when you dont see anything in terms of fundamentals or strengths for some buys which you cant really put up some good positioning due to uncertainty
on the market condition which is something very casual to happen and there are still people who do easily freak out whenever price do move or behave on this way.
I cant blame them though yet positioning is hard but you could actually make profits out of these movements yet 1-2k increments movement isnt a bad idea for you to scalp.
Somehow it isnt for everybody on doing something like this and thats why outcome would really vary.

It wasn't hard if you are an expert or if you have been doing this many times. Of course, a 1-2k increment is big enough for a smart trader to make a profit but for these newcomers, that is absolutely hard for them, and I don't suggest taking that option either.
Thus, if we are not really good at trading and like to say we are just about to start learning about it, holding is the best option for now. Otherwise, making the chance of losing is high which I believe is not what we want to happen.

Every price in that said level. That means bitcoin will need to go to 31k, 32k, 33k up to 39k, without skipping? But I don't think it's possible for btc to follow that strict order. Btc price can sometimes jump unexpectedly i.e from 30k up to over 35k real quick but obviously 40k is expected if the price is near to that level like if btc was now at 38k to 39k.

People doesn't lose hope but every day they hope that price will recover consistently and the bull will take place, much more after the beginning of a new month or every quarter. Now that we are now on the second quarter their hopes are at a whole another level. If this all depends on bitcoin then why can't they just fully support bitcoin, in order to lift other prices?

Lucky that I am taking advantage of this situation and doing almost the same as what OP did ,

 though what made it little difference is that I keep Buying at least every week now, though it is small amount per week at least I know that there is a  changes in each value and that helps me a lot now.

and maybe I will keep this till end of 3rd quarter because surely there is something good coming in the last quarter or at least by December?

Without a doubt thanks to the volatility of bitcoin even the current sideways movement that we are seeing can be more than enough to produce profits, however we need to recognize that compared to what we can get in a bull market those profits are kind of limited, and while for those with experience this is completely natural newbies do not have this experience, and as such they try to force trades or even use leverage, and that is when they accumulate massive losses.

And sooner, you will get 1 whole Bitcoin because of keeping buying during the bear market.
Many people have been waiting for this moment to come, some might praying for this as they can't afford to buy Bitcoin at $50k. This time was an absolute time to make start on our crypto journey or to fill our bag more.

As an investor, we don't just think about tomorrow instead, we think about the future results. Buying now will results in positive in the coming months or years from now.

It's not all the time that bitcoin stays high or low priced in the market, it may also experience sideways which i think those who were able to end up a good market analysis will always have an edge. But i also think this is not the right time to make unnecessary movements in the market as all you need to do is stay calm and observe the market. Wait if the market give signals to buy or trade, that's the time it's safe to move.

For now, i think the best thing to do is to observe the market if its going downward trend or the other way around. IMHO, its far seeing a bullish market this early, maybe we can witness that at the last quarter of this year. So i think the market will continue to be bearish and that bitcoin and altcoins will probably experience more bearish movements. So it's best to wait how far this market will go. Only then we can decide what to do.

I don't think though that we will have the break out run that we wanted, maybe just a couple of thousands of dollars here and there, but not the one that we wanted to see. I even think that this month, it's going to even break $32k. we are indeed in the bearish trend and there is no amount of positive news that will push the market to get into at least a higher highs for this year. Let's just say we should expect this whole year as a bearish trend and not expect a sudden change to bullish market.

You're right, the market has been moving back and forth lately between $29k to $31k and I think that's the indication that someone should buy the dip and sell the pump. Although, we don't know how long it will last moving like this since we are in bear market so maybe there's always a sideways then another dip again until the correction hits. For now, if you are a long term investors, you should not panic whenever there's a price dip and all you need to do is to keep calm and stay away a bit of the market so that you won't get frustrated with how the market moves.

32k is really something hard to be break yet the price do make out some rejection whenever the price hits up into this range which we've been having this kind of behavior
for a long time or i do even expect that bear market could really be lasting for a year just like on what happened after 2018 where moving sideways is way too long.
You cant be sure on what would be the next move but much sure that bitcoin or crypto market as a whole would really be having those times of bullish runs.

Also, one thing to note is that after every bear market there used to be a catalyst that spikes up the market which is then followed by a bull run.
So we can keep waiting until there is a huge positive news in the market which triggers the bull run.
Until that moment, we can keep expecting bitcoin to go sideways and may be more downwards if a negative sentiment arises.

You have a point but it is not as bad as it may seem, the price is suffering yet another small drop at the moment and while many people are panicking as soon as bitcoin begins to go down, things are nowhere near as bad, every single time the price goes down it is an opportunity to get bitcoin for an even cheaper price, and if we can take advantage of the current prices then the next time we experiment a bull market then our profits will be even better than what we could get if we waited to invest in bitcoin until the bull market actually appeared.

Don't be surprised, friends, if the market is sideways! sideways will determine the market,
whether winter will come or not, indeed the market is currently sideways and this really makes traders and investors of course have to stand by because,
if they are negligent, the investment will suffer big losses.

It's not even a true sideways - crab market but an overall downtrend with some resistance hence you will see short-term of price stabilizing. But yes, overall it will be going down further, breaking the last low price and staying at that range. Like most people in this thread, I don't think it even going back to $40k at this point.

The bitcoin price is not pumping and not even dumping. It's moving sideways with more pressure towards the downside. I do not know how long bitcoin will be able to keep this support before it breaks down. At the moment, everyone's sentiment is bearish and I guess people are shortening bitcoins. How about bitcoin whales move the price upwards towards 40K to surprise everyone and liquidate everyone who is shorting bitcoin. Something unexpected might happen here.

It's the tide turning.
Shorting now is a recipe for assimilation.
The whales are shaking out the weak hands before it goes boom...

Now we're certainly at a price level of $28,450 for bitcoin so its definitely a good buying moment for all of us. The market is falling down due to this bearish market and if i'm not wrong, more likely bitcoin will still gonna fall more in the next couple of days. At this market's condition, i prefer not to trade or do scalping too but rather do DCA since i cannot predict correctly what will be the bottom price for bitcoin this time. This is rather a time for accumulation, not for trading.

Buy and hold - I'd choose not to stress myself doing trading. We can't be certain about the possible drops, however, it is a thing need to be prepared for. This bear season may take longer than expected, this year 2022 seems not a good year for crypto. I hope I was wrong but this situation is kinda running throughout the whole year and might extend the next year.  We can just expect for the rally after the halving but for now, we'd rather not as it only fails us.