Bitcoin Forum

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I'm not saying that this isn't bullish, but we were literally at like $25,000 a month ago. Probably not a good idea making long term bullishness/bearishness decisions over a $2000 price increase in a single day.

What do I know though, I don't really do TA.

I'd say that this is just another normal movement and day for the market.

Since IMO it's just like another day for the market, it could be the beginning or it could just be a trap. We've seen this plenty of times and don't be overjoyed when you see it recover like this way.

Because the faster that it moves like this, the tendency of it to correct faster is also there.

You can hold bitcoin for years and let your asset's worth grow the more, it is never still late to hold.

This time, I am thinking that bitcoin may not make it more than $25000 before going back to $20000. I expect bitcoin not to fall below $17000 though.

I had a friend whom I warned that shorting bitcoin at this point in time will be a very unwise move because the price action has been stimulated to the positive side. He didn't listen, and he still shorted bitcoin like hell and constantly bugs me asking for affirmation re: bitcoin's price going down. He lost $3000 just this day due to not looking at market conditions and not checking other traders' sentiments before he decide to make his own plans. He's only trading for 5 months and he's learned a somewhat expensive lesson.

At this point, I wouldn't bet against bitcoin getting some appreciation in price. We've been in the reds for over 2 weeks now and the market is just asking to get some greens for a short time.

I think that this isn't yet the turning point of the Bitcoin and the crypto market right now, but what I do think in my opinion and what is about to happen to the price of Bitcoin is a move that is likely going to get us towards the $30k price level, with the weekly candle double bottom forming and plus the Ethereum merge event coming up on the 15th of September, all this is likely going to put us in that $30k price target, then right after that I do think that the "sell the news" event will occur and same time with the Federal Reserve meeting and thier decision on interest rate hyke on 21/09/2022, could pull back the market and maybe a grab of liquidity around the $18k-$17.5k, because the smart money guys like the double bottom a lot and that grab of liquidity could potentially put Bitcoin to test the $12k it monthly order block, where do see the market to be very much exhausted and we could finally see the bottom of the market.

The market is not fixed yet. It is a fake pump. The pumping of BTC is just a trap of BTC, because many people will open short in this pump and those who open this short will make BTC liquidity. Therefore, because of this pumping, no one will open short now. If the market is better, then they can get more profit now. In my opinion it is better to do nothing.

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Hold the BTC. But don't let it take over your life. It is not a problem that you invest in crypto currency but besides that you work in any job or any company so that your life goes well. You have to remember that you have a life apart from your crypto currency. So use your extra money to invest in crypto so that even if bitcoin goes down, you won't lose anything, because you want to hold bitcoin for a long time.If you can hold Bitcoin very tightly then you can profit. Because between 2023 and 2024, Bitcoin can hit $100,000.

No one really knows as always!

There's no assurance that this would be the start of bullish season.There's no assurance that this would signal out to have a recovery but one things for sure that to those who had able to
buy on 19k price below are making some profits on short time period.If you do accumulate bitcoin and holding up just for long term then any price wont really be that much an issue.
When you do deal here on crypto space then you should really make yourself prepared on whatever price condition you would able to encounter.
This had been always been unpredictable, if you do make yourself do easily panic then you wont really be able to make yourself that able to think
on what actions will really be making.

I think your two image have completely covered my entire monitor screen, would you be willing to resize it smaller for a more comfortable view?

I haven't thought about $30K yet because the most realistic target right now is to see bitcoin hit $25K. If bitcoin breaks this resistance, then I believe the price could go higher if there isn't a lot of selling pressure. So, next is to expect bitcoin to break the $25K resistance where $20K is a strong support.

Mostly bullish season started after block halving but right now it's hard to predict when will be the next bullish season.

The movement price today is different compared to the past.

However, you can monitor and analyze the current price movement if your purpose is to make a profit you can buy then sell later.

And actually, no one knows what will be the next price of BTC. If you don't know how to analyze the market there is a source with full of guides where you can learn about TA and FA here https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

So far the only thing that we can conclude from this is that this is a positive correction for bitcoin and a movement in the right direction in order to avoid another crash happening, we cannot really say that this is the beginning of a bullish movement, maybe it will be, but this is impossible to tell after a single day of a recovery, so the only thing that you can do is to be patient and wait to see how the market develops from now on.

It is a long test of patience in the bear market, If you are willing at the moment to buy, you can buy but will just advice to buy a small percentage incase we test the lower soon. I believe that we will see a leg or 2 down, this occurrence is not new, it happens regularly in the cycle. Bitcoin has always been profitable even if you buy at an ATH, so any time of purchase is good deal

Even if we see some good movements happening on bitcoin right now we still cannot conclude that we will continue to see a bullish movement from it since there still possibilities for another collapse. That's why it always good to have market tracker or always check your charts so that we can see the possible outcome on what possible may happen in future.

^ It is a natural spike, I don't even see there is a bullish period coming.
I am not good in TA but I usually predict the market price through the FA analysis which is there is a point that good news will affect the BTC price.
However, though we all know that the BTC price is unpredictable, I am glad to see if there is the opposite outcome of what I have expected, people always love to see the market becomes bullish but as an investor, they are waiting for the heavy correction.

Bullish trend will only start if we are able to break another resistance for BTC, and right now BTC is trying to reach that point again but if we failed to do so, we can say that bear is still winning. Cryptomarket is good today along with the altcoins that are pumping right now, it can bring positive impact for long term and playing long can be a good strategy as well. We might still see the real bottom for this trend, stay cautious and prepare for a possible strategy on how you approach the market once it crash again, not being pessimistic here but bear is still here so any dump are still possible to happen.

I %100 wholeheartly think that its going to be a bull period for sure. I am not saying that it won't ever have any more drops, it could have drops here and there, but that doesn't mean that we can't have any type of increase and bull run in the long run. It looks like the start of a great bull run and I believe that we should be in support of that increase to come and I think its on the way. The recent moves show that the bottom was found and even when people try to do that we are on the path to do that. I am not saying that we will succeed or fail, I can't know that, but at least I am hoping that it could be done.

Cryptocurrency is still in bear market and I think we have to wait for another six months to witness the market transition.


I don't think this is the beginning of the bullish period.  There is yet to be good news to push the reversal.  All I know is that the purchasing power of a dollar is weakened reason why the Bitcoin price recovers slightly.


We don't know, I do hope another relief rally happens this month.  At least it will give the Bitcoin market a bullish sentiment which may help in giving hype to the market.

The next target is to continue breaking the resistance, BTC tried to do that multiple time but failed to break it and right now with a hope of this new trend, BTC is aiming for a new peak for this trend again. If we are bale to touch $22k and go beyond that, we might see Bitcoin at $25k before the month end. Anyway, this is useless if you are not accumulating, so better to join the market trend now and if you see the price is reasonable to buy, better to do so.

No, I don't think that this is the sign of the early bullish, this increase is just a market pump for a while and I believe that there will be another dump market again, even if they are market corrections or other situations. In fact, the bearish market is still ongoing and will continue.
We are too early if saying this as a signal for bullish era if every time the market rising up. What we can do is if we are trading for short term, this market condition may be the right way to take profits for a while, but if we are long term holders, we can just see and wait whether there may be another market correction again or not. In this case, we must be able to utilize very time of the market condition wisely and very well.

you are scaring us  ;D

there could be truth to this because when the pump in the previous week where price touches $24k, but the charts doesn't look like it pivot to turn the market up to start a bull run. we have a long way to go still and the crisis all over the world may affect that BTC price. there is even a US congress  bill that could lead to BTC mining ban.

today's price has not exceeded the price of a month ago so I don't think it's bullish yet and actually this question always arises when BTC price moves in the opposite direction after maybe a few days or weeks the movement is slow and day trades are so concerned with what happens in BTC every day while long holders will just take this as normal.

Today? Just a regular day and just a regular day for cryptocurrency as well. Crypto is down? I will not do anything, and I might only visit Coingecko once today. Sometimes doing nothing is better and sometimes visiting either Coingecko and Coinmarketcap only once or twice a day is better to prevent making unnecessary and wrong decisions.

Is it beginning of a bullish period? No and I don't think that it will happen this year. No good news, China's economy in the brink of falling down, US's interest rates are still increasing, the War between Russia and Ukraine is still on-going and other global events. I'm not even thinking of when the market will make a reverse instead, I'm just slowly accumulating more and more coins and will patiently wait.

Good correction? I don't think so. Maybe next year we might see a reverse but I'm not sure about it either.

There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.

Right, but probably the OP is asking because w have seen like a 10% increased, which is something extraordinary in a bear market. So we will have to see first what will be the price in this short rally. Definitely a $25k leg up will be a good relieved in the market. But it could just be a bear trap, or catching a falling knife so we should still be very careful of the movement and it's better to look for long term investment in this bear market.

You are actually right, I see some altcoins going up most especially this luna, but as we all know everything moves as bitcoin moves. But it is still a deep trap to invest in those altcoins even as the show good sign. Bitcoin is the only way of not loosing your money in this bear period

Everything moves as Bitcoins move, but you should consider the percentage of the move here. Because sometimes, there is a huge gap in percentage here, sometimes Bitcoins move a huge percentage compared to other altcoins or vice versa, Bitcoin moves low percentage, altcoins move high percentage, but overall this is good.

I can't be positive if this signal is the beginning of a bullish period since this year we still hear a lot of bad news about cryptocurrency and some external issues. We can hope the market will slowly recover in the next year and hope that we accumulate enough crypto to prepare for another bull in the next few years.

Every day is a new day and hence we should keep a positive outlook to each day that passes and hope for the best. At the time of writing bitcoin is above 21k USD and this shows a bullish pressure has started after the dip to 18k USD.

Let us hope that the bullish period has started and the bearish period is behind us for now. But it will catch up again, because of the cyclical nature of the market movements.

This is a correction for now. Whether it will lead to a bigger bull trend, we have to wait and watch. For now, hold on to buying and watch the next movements. If you bought at the low, wait for better prices to sell.

Every pair has a good time to invest in it and also like bitcoin. If you buy bitcoin at ATH, you obviously profit only when the price goes back to the entry price so now that the ATH is around $64k, those you bought to hodl are in loses now since the price has dropped far from ATH. Those that will profit anytime they buy are the traders because bear and bull interact in trading.


What do you use then that TA is not for you  ;D

Not only for short term trading every time when you are going for investment short-term or long-term If it is not analyzed well then it is not possible to earn profit from it . But if anyone looking for investment in alt-coin then I think short-term trading is more safe than long-term And Bitcoin is different, here if one can invest in perfect dip for long-term then it will be possible to earn profit for a while. I think if the top coins are selected for short-term trading then the risk here is much less than others.

Now the market was moved towards the green trend.So the price of most of the altcoin was increased to high value.Just hold all your coins for further one month,when the price of bitcoin had raised some good value.It’s potential will be reflected in most of the trusted altcoin.People who had their good altcoin,just hold to get bulk some profit from it.Risk in holding less potential coin as compared to the current market situation.

Today's cryptocurrencies are working as they should. There are ups and downs, and that is what cryptocurrency is like. The good news is that the bitcoin price has gone back up to the $21k level and while this looks temporary, hopefully, it will continue to keep the price going. I'm not sure if this is the beginning of a bullish period but we can continue to hope that a bullish period will come soon. And another good news is that we are still allowed to buy bitcoin at a low price. Although $21k looks like a price increase, it is still a price worth buying. But if you want to wait for the price to go below $21k, you can wait and delay buying bitcoins at a lower price than now.

Thoughts about cryptocurrency is same like previous, even more positive. Talking about bearish or bullish, i am still on sideways movement and making great profit based on my own TA. Don't need to be bullish because of some pumps which could be a trap.

The market is still bear but we are looking at positive movement as soon as possible since make crypto analysts had been analysing positively about the bull market coming back to us soon. This is the time for us to get as much holdings as possible because when it resumes, many investors would be in profits.
We can keep buying both altcoins and Bitcoin because there are some altcoins that will move faster giving us multiple profits which is the reason why we don't have to neglect circulating our investments.

If we should be honest to ourselves, the way btc is moving now is different from what it used to be. I believe a bull run that was supposed to happen has been defeated and seems we moved from bear to another bear. My fear is that we could also continue till another bear. There are many strong news waiting to shake the market the more. The US Congress decision and the proposed regulation of PoW. This isn't a good season for cryptocurrency, if we eventually move from bear to another bear without touching $30k, it means some top altcoins might not survive this time around.

Short term investors should be vigilant and check out for fundamentals while long term investors should approach the market with DCA.

All discouraging words of moving from one bear to another will only come out at this time in the bear market, human psychology around this time has always  been the same and will get worse when we step down by the end or year or early next year. There are actually few changes in btc and they are results of the increasing number of longttime holders, this may prevent the 90% dump from previous bear. We usually dont know the news that will shake the market, they are always sudden. We will eventually have the bull market, one mini pump will come to settle the dust before the halving and it wont break the previous ATH.

I might not be correct, but from my analysis and my observation, I think this is just a pump and it's going to dump again, Bitcoin is not really strong to continue going up am sure it's going to dump again, I think what happen last few weeks is about to happen again when bitcoin hit $25k and dumped back to $18k, I think day traders should be very careful in this zone because anything can happen at any moment. Am sure bitcoin will dump more but no matter the dump, Bitcoin Will definitely recover back so nobody should panic, if you already bought bitcoin then you can hold, don't sell because it's dumping, don't sell your precious bitcoin, the best thing is to top your wallet with more bitcoin during the dump and wait for for the bounce back.

That’s part of market uncertainty and volatility. You will never know if it’s starting to hit the bullish trend or just giving us false hopes and end up in a bullish trap. This is the reason why we don’t have to make rush decisions whenever we see the market starts to recover because we might get frustrated in the end. However, once we see consistent price increase, that could be the real thing that we are waiting for to happen.

Trust me, the price will always be in both directions (up and down) and that is why bitcoin is called a highly volatile asset. Speculators can always predict what will happen in the future, but none of them can guarantee when it will go up and when it will go down.

I believe that the right advice for anyone is to respond wisely to all market conditions. There's no need to rush into making an entry, we can still be patient for something that gives us a good chance. Even if people think something very bullish, but I expect the bears to continue longer.

Even though the market looks bullish at the moment, the Bitcoin price has returned to $21k, which a few days earlier fell to $18k. But it's not
a problem to be happy but still have to be careful, because the crypto market is very volatile, so price changes will very quickly. There is even
a possibility in the next few days the price of Bitcoin will go down again. As long as the Bitcoin price has not managed to rise above the $25k price,
I still think the market has not recovered and is still in a bearish trend. Like you said, don't be too hasty in making a decision, we should just
monitor it first for the next week. So that we can know which direction the market will actually move, don't let us take the wrong decision.
Indeed, we must be careful investing in the crypto world, because market movements are really very difficult to predict.

We don't need to be afraid of another bear because it won't last forever and will be replaced by a bull and that's when we can get big profits after we use this moment to buy more bitcoins. Even if there is a decision by the US Congress and proposed PoW regulation, it will not stop bitcoin's movement again because it is natural for the US to want to try to control the movement of cryptocurrencies, but they can't do it forever.

Short-term investors should change their strategy at this point because the market has not reversed to a high price. And even though the price has now returned to $21k, we must remain vigilant because the price can move anywhere.

I think on Tuesday we should get a good direction of where crypto will head in the near future. Its when the CPI numbers are coming out. We are predicting a CPI change of 0%. So if this number is wrong and CPI goes up 1% again, then we will see massive sell off in all markets such as stocks because it means fed increasing rates is not working and they need to hike more.

And crypto will most likely follow this path. Summer is over and the markets are finally going to start trending now, question is which way.

I guess no one knows yet if this is the last bearish season. it certainly doesn't hurt to buy a clear asset for now, for example bitcoin, ethereum or bnb, by choosing crypto I think there is no more worry even though the crypto market will go down again and we actually get a better price to buy, because later the market will be able to recover and I am very confident with the above three coins to place assets there

sure and surely the market will recover. bear market as it is today should be utilized to the fullest by buying some potential assets as you said and for sure bitcoin is the main choice. cold money ready and use the money for long term investment in crypto. Bullish will come soon and will provide benefits for those who are patient and hold their assets.

of course. i think upcoming months weeks will be huge for cryptocurrency sector . BTC dominance is also getting lower . that means huge altcoin pump may incoming sooner than we think.  and the Ethereum merge is also ready . that means there will be a huge demand for Ethereum  too. and also keep in mind that October was a bullish month for many times. investors are investing in many of altcoins and other major cryptocurrency such as Polkadot , Ethereum  and bitcoin. market is getting bullish. this may a good chance for investing. good luck.

If you are asking about trading, yes, today and the past few weeks, crypto is a moment worth considering in trading.
For example:
In the 24-hour Bitcoin price change method, Bitcoin valued at $21,199 has now turned into $21,760, meaning you have pocketed a profit of $561/Bitcoin, if you trade and have assets 1-3 Bitcoins, in general you have made a profit of $1,683/BTC, I think crypto is currently, if you consider trading daily/hourly it's the right move.

I have not been able to draw a conclusion/optimistic about the current crypto/Bitcoin market, my thinking is not the beginning of the current fortress market, I tend to believe more in the simulated crypto market, fortress not yet, however each of us has our own understanding of the current crypto market.

Of course, every one of us has corrections regarding the crypto market, Bitcoin or other crypto types, the bottom line: positive thinking is something that is ingrained in every individual, confident, committed and professional, especially in assessing the current crypto price.

We cannot test crypto based on unique day calculations but i just think that if we take a look over erstwhile history then it will be clear that at past there was also bad reputation of crypto market and multiple of users had lost gargantuan amount so it is marked that crypto sometime suffered from bad experience but it will reclaim very promptly in my opinion just in a singlet year.

That's becoming a signature for btc, that it controls the whole crypto market. Btc did rise from 18k to 21k now but that is not the main reason on why lunc have also increased. What happens there is only a co-incident because the truth is that lunc team proposed a tax burning feature.

I think that is no different to the burning of supply and we all know what can happen once the massive supply of a coin is being cut down, yes that's right the coin's value can also rise as it can become more scarcer. For the OP's question if what is next in the cryptos? Well, now that btc is rising and some top coins are also doing the same thing, I think this will be the start of a bull run.

You know the problem, most newbies don't know much about cryptocurrency, they just hear people talking about it and they also decided to buy coin, mostly they hear people saying good things about bitcoin so they always think it's like that, have seen someone introducing crypto to his friend and he was saying the guy will never lose money, funniest part is that he wanted his friend to be trading futures, I was just shaking my head because I know at the end the guy will really be disappointed because he will definitely lose money, most newbies believe if you guy a coin you will be in profit immediately and they don't know market will go up and will come down.

Everyone was like this at the beginning in the space even Satoshi don't have the full knowledge of the market's economic in 2009 but what did we do at this time? I wont recommend all I did to reduce the mistake, I will only tell people what I would have done better. I will recommend every newbie to get sincere mentors with 2 cycle experience in bitcoin especially here and twitter. Follow and read all there writeup to understand there positions, readup what u dont understand and ask question. Then divide your fund into at least 10 then gradually position yourself

Bad news about cryptocurrency are very normal, some are true but most of those news are just a fake one to create fud and make the market dump. If you are new to this market, you might get panic because of that news but if you are already here for years now, most probably you don’t care anymore with those news. The next trend for sure will be a good one, after this bear for sure a strong bull will emerge and that is a good opportunity for us to make some profit again.

This is a positive trend and the market is getting better. We can see that most cryptocurrencies are experiencing green charts, and rising prices, and yes we are very happy with this. At least, we can take small profits for our short-term investment.
But be careful, I am not sure that these positive trends will last longer and this is probably not a sign of a bullish era. Because it is too far from the bullish period.
We may see this only as a positive market trend and will be probably market correction again some few days later. So, just prepare what we can do to face the next market correction.

indirectly we have to know the characteristics of the market, by following the flow we can take advantage of opportunities well. just like when the market is in a bearish season, it means we are looking for a place to place a pending order and can sell it when the bullish season arrives. therefore remain calm and think clearly and patience is needed to respond to market volatility.

From my perspective, I believe the season when crypto investors ought to be happy is when the market is bearish because of the opportunity it creates but in this current market people are only happy when the market is bullish and complain when there's a bear instead of making using of the opportunity that comes with it

Bullish is just a short-span momentum to complement the loss people have experienced during the bear market.

It was a fake pump and today Bitcoin sudden down show that market is very weak and investor are not interested in buying Bitcoin now. Bull season has not been yet started and we have to wait some more months or wait for two or three good news in market. It can take 1 years. 2023 can be bull years for crypto market.

Whatever the market conditions, I think crypto trading, especially bitcoin can be considered. I don't think we can always talk about big funds that can buy 1-3 bitcoin at a time and make huge profits, imagine if they only had $10 to $50 and would they make a decent profit? So Under these circumstances, long term investing is better than day trading or scalping, but of course there are other strategies and options to profit even if the current market conditions are bearish.

I agree with some of the comments above after I read one by one. Bitcoin has two directions and anyone who knows how the market works can make a profit too. It's certainly not only about long term investment, spot trading, but futures trading can also be considered if they can understand strategy and analysis well.

Of course now the market is on the track but just a period of time...

In my point of view the market continuous to fall after a while, it's just a short break to enter bears in to the market..

Be careful friends...............
 

A few days ago the price of Bitcoin rose to a little over $20,000 to $25000 but it did not sustain and from there the market reduce again. So there is no opportunity to call the market bullish. The future of cryptocurrency is good but the market needs a long time to recover from this situation. Nothing can predict except long term thought.

Nope i cant say anything to the Cryptocurrency but definitely i can say many things on the BTC as after the accumulation period there is going to be a very aggression bull trend as to the Last ATH that period will be the distribution period as profit booking for the whales and after that we can positively move to the correction zone and then boom a very good pump and a new ATh can be expected. 

We are not seeing positivity in the situations of crypto market yet but we are hoping that it will eventually give allowances to those who have made some investment in fruitiest coins, but those who have marketed their coin at deficit price so they have shed great source of income due to trouble in their mind. During lowest period everyone have fortitude in order to receive their wishes.

People need to understand that bull markets are not as common as they think they are, people got very excited about the few positive days that we got to see and then they began to imagine that this was the beginning of a very positive trend only to be proven wrong just a few days after it, so it is important that people lower the expectations they have about this market somehow skyrocketing during the next weeks or months, because that is simply not going to happen no matter how hard they wish for it.

Great that you have positive outlook towards btc, and I believe, a lot of holders are also hoping such situation will happen.
But with most alts, I also feel that a lot of them will be abandoned by their respective devs.
This is the dilemma for most alts, they come and go in this market, so you need to be careful in touching them.
Only few of them, probably only the top alts, will survive long along with btc.

I would guess that these type of drops and recoveries will happen for a little while longer. Before every bull the market tests how hard it would be to go over that first bump, because that is the hardest part of it. We have been here for a very long time, which means that going from 20k to 30k is much much harder than going from 30k to 40k because there wouldn't be any big moving walls there, not as big as the current ones at least.

This is why I imagine that we keep testing it to see the power of it, the standing walls are known already but it moves and gets added and so forth and we see that with these tests and calculate. When the time comes, we will break over it easily because we will know how to.

First I thought this post was about the next gen crypto currency usage, such as inter galactic usage of crypto and stuff like that. However it turned out to be just normal how much worth it is and whats the next trend bear or bull. Well, this is question asked everyday, I believe that to answer this one needs to analyze their own statistic of the portfolio. For example, X might have bought their portfolio when it was at its highest rate while on the other hand its possible Y might have bought it at it's lowest. It's thinkable that both of them are not on the same page at the current price/trend. So it does not really matter where crypto is going to be, all it matter where do you really stand in all this?

We should really bare up into our minds that not all the time we would really be seeing greens into this market in regarding with the price.There's always a time where bear and instead of freaking out then it would

be better if to see this situation as an opportunity rather than on being a threat.If you do keep yourself been stressed out or worrying about the next movement then it would really be a never ending journey.

This is why its much more important if you do set out particular actions on short term basis for you to utilize these movements and make profits whenever the market will make out some recovery.

It became a short-term pump.
The same perspective as before, do not expect too much even if it goes to $30k. There's a chance it will go back down as traders and short-term investors are trying to make profits out of it.
It's a good thing for traders to accumulate more funds but you have to know the selling point.
Regarding the upward trend, it may not even happen in 3 more months. All eyes are on Ethereum now.

People believe its bullish time because some people hype up and condition there mind that bull run is happening, maybe some of it do this on purpose so that their position will get hit so for newbies they need to be careful on what they are doing especially if they don't know how to figure out the trend. And its good advice to always look up the chart because it can give us the possible scenario on the market.

I still can't see anything better than the current crypto market. even the movement of bitcoin is also not a good trend.
for the next few weeks, I think this market will tend to be more stable. but it is also possible that a short pump will occur. but it is only a small movement and the value will be corrected again.
I hope the altcoin season will come soon. in the current state of Bitcoin, it may be difficult. but when demand for altcoins is greater, it is also possible that some altcoin assets in the market will get a pump.

I can’t say about other coins, but Bitcoins are really looking good at the current price.
Currently Bitcoins are at a best price, where you can buy ample of Bitcoins. Once Bitcoins start gaining it’s pace, it won’t stop until it reaches it’s all time high price.
So if you don’t want to regret later, then buy as many Bitcoins as you can. This is my just a small piece of advise. Rest is up to you.

Some diamond hands will argue with you that buying bitcoin at any price is a good move, and if we take a look at the history of the price of bitcoin then it’s difficult to argue against their logic, it’s just that not everyone is ready to do something like this and as such it's better they wait until the price is more affordable, which is exactly the circumstances we’re watching right now, so if someone has some spare cash then this can be a great opportunity to get some cheap bitcoin.

As we can see, the crypto is still experiencing the bearish era, and this is still not ended. Sometimes, the market is getting better by increasing several percentages, but after that, the market still faces dropping and market correction. And just so so, like this.

Not yet.
Be patient mate, You may see a longer bearish seasons in this era. However it is still at the beginning to middle bearish period. However, this may have little bit chance again at the end of this year, maybe it will ahve litle bit increasing. But,just be patient and be concistent in the crypto industry, no need to panic because this panic will only harm you.

You can resize your picture and still retain the import of the message you want to pass across. It doesn't make it very easy to view for those reading from mobile phones and with small screen space.

By the way OP, what makes you think price will go up and hit the blue line before crashing to touch the red line from the analysis in the picture you've there? Any pointer? Putting those arrows that way says you don't think it could get to the red first to gather support before soaring to the blue line. Remember that we're in a speculative industry.

Whenever we see a small pump, we anticipate that it's already bullish time but it's not. We seem to be grateful for those small pumps then followed by a big dump.
But I like what I'm seeing here from now on that bitcoin is showing its support. Although, I'm not confident that it's likely that it may show a little over support in due time whatever the market permits to happen. Just ride this roller coaster for long and whoever stays will be the ones who will be rewarded.

No one knows.

We do have upcoming events or news which im trying out to expect that there might be some further dips specially on huge sell off into those creditors of Mt.Gox.
You could anticipate that there might be some decline if there would be some sell off.

we dont see any positive sentiments or news that do correlate out on bullish movement of the market but no one really knows
or could really be predicted on where these things will be going.

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

I also don't see something that can push the market at the moment, we have to be patient and wait for the bull trend. Random pumps happen all the time, followed by a correction, which is good, and keeps the trading interesting.
Some people are way too optimistic if they think we will see some serious bullish run in the near future. I only hope that we are at the bottom, or at least near the bottom, and to hold this level for another year and more would be an awesome starting price for the bull run that will come after halving.

Yes, we do have to understand the current conditions where the market is still in a bearish condition,
there is no other choice but to remain patient waiting for bullish,
I don't know when it will come and it's better to just keep following the progress

The market is in bearish mode with slow correction happening, but bearish indeed. Hence at the point holding and waiting it out seems like the best method to proceed. Buying should be done if the price drops but carefully being expectant about more drops. Uptrend will take some time once the correction allows a gradual bullish trend to start, but should not be the focus for now.

It is best to avoid the market on such days, wait this weekend out, we might see better movements from Monday.

Unfortunately, I do not know when to sell, I rarely ever sell and when I do I do not sell at the price when it is at the top, I sell it when I can pay my debts or makes a better world for me, or it could give me even better return as a collateral for something.

It means that I follow the first rule, which is accumulating when it is low, I have a good chunk that is fine for me (not good for anyone else) and I am happy with the price points I got in, which means I did alright, but when it comes to selling I doubt that I would be selling at the top, I would probably sell when it is too late. I would prefer not to sell at all if it was possible to be fair.

People know cryptocurrency is just a part of investment and payment method but only a few establishments see the potential of the cryptocurrency in the next generation which is currently right now people, organizations and company accepting the use of cryptocurrency as a payment method to their products and next is the web 3 now there's a chance that they will now use the crypto for using their platforms because of the blockchain technology it is easier to the users to make it more transparent at the same time is secured.

There may be a correction and an increase in the bitcoin price but don't expect more than 25,000$ at the moment, the market is not yet ready for a big rally for many reasons, the best thing is to hold and wait until the end of the year you might see very good news.
The market is not always as we expect, for example, the expectations were a large increase in the price of Ethereum after the merger, but the opposite happened and the price is still bearish so far, so waiting is the best thing.

That is perfectly fine if you're into long-term investment plus you have full-time job. As long you're financially stable and not buried in debt, you're going to be okay assuming that you are willing to lose what you invested anyway.

Can't tell what we can call it "tops", but as long as Bitcoin goes over than its ATH, we're never going to call it there. It is okay to partially sell something because surely you need money at some occasions and might as well cash it out in the meantime and wait for the bear market to give you the opportunity to buy more.

Crypto currencies can go through bearish trends for a long time. A variety of analysts and crypto experts are in that thought. If the global economy is in recession then crypto will not perform very well in the coming year. The world is in an economic crisis. Inflation is increasing every day. To curb inflation, central banks around the world raise policy rates all at once. This is why the World Bank believes the global economy is heading for a recession in 2023.

And that's probably the best scenario we can expect, as we know the tensions between China and the government of Taiwan are increasing and if we happened to see yet another armed conflict then this would be terrible for the economy, to the point I think we could enter a world recession immediately or if things got really bad we may even see a worldwide depression, so 2023 doesn't seem as if it's going to be a good year for the market of cryptocurrencies either.

Apart from the bear we also have a correction which happens from time to time, this is why the price never sustained their gains and they haven't experience to break out on that $25k barrier. There are economic problems that the world is facing right now including inflation and recession. They are among the reasons on why the market is having a hard time to do a rally.

Hodling is already given there to survive and avoid us from losing but other than that, we can also team it up with buying. I think it's true that the more you expect on one thing the more your expectations won't occur and it happened many times already here in cryptos.

I think this inflation thing will even be to the advantage of cryptocurrency as many people are likely to find a safe Haven in cryptos instead of fiat. We saw a little bit of that during the COVID-19 pandemic. Despite how people were forced into isolation and skeletal movements, Bitcoin (particularly) soared in price. I expect a repeat of that by the time this inflation palaver kicks in realistically.

We can only wait and watch while increasing the stack in our bags for crypto while the economy recovers or goes down the drain. There are people hoping for crypto to go up and they are buying it for the same so all is not lost ever.

Bearish trends for long has its toll on the traders but these are the part of the cycle. When the bullish trend starts then people would start complaining that prices are too high to buy anything.

Let any crisis bring the prices down, treat is just as a number and take decisions on that.

Cryptocurrencies have not performed very well in this year of recession. This is because the cryptocurrency situation is currently very bearish . We are on cryptocurrency We are absolutely confident that our next position will improve and if we can invest from here now, we will definitely see some numbers in the portfolio. If we hold on to something now then surely we can expect something from here later which will come in handy during recessionary times.

That is the right way to look at things, the reason people get so emotional when they are trading or investing is because they see the market going down as them losing money, then they get worried about what is happening and after a few months of the market being down they simply cannot take it anymore and they begin to sell their coins for a very low price, instead if you can look at the market as just a bunch of numbers in a way similar to the way you see a video game then you are not going to panic and it is going to be way easier to take decisions if you are able to keep your feelings out of it.

For cryptocurrencies or altcoins, very good things continue, there are some or any currency can go to zero, there is none that is not saved from this criterion, but it must be recognized that when we talk about technology we can say that Bitcoin is the king and that it will never fail, Bitcoin is the father of ice cream, so there are many other things we can say, there are many chances that altcoins will resurface because the metaverses are coming, and the metaverses are the exit for many crypto, and it will not happen to them the terra thing, which was actually something very sad, and that actually happened because the whale that resented them sincerely sold everything to leave.

That's why it's important to have knowledge and skills before starting to trade or invest,
when the market goes down indeed panic is normal but of course we need to suppress it,
As a trader you need to know when to sell and when to hold on

Bitcoin is currently trading at $18,789k and it looks like bitcoin is having a bit of a hard time breaking back into its strongest support area of ​​$20k despite having tried it several times but unfortunately bitcoin hasn't been able to stay at that level, seeing what bitcoin is experiencing at the moment, then I think the bitcoin price will still trade below $20k until the end of this month and hopefully it doesn't fall again to the $17k level because if that happens maybe the panic in the market will increase.

the month is going to end yet? nothing seems to be significant from your question here, I'm afraid that we will be seeing a good and positive direction for this last week of the quarter.

and then we are entering the last quarter mate , we are in good motivation as investors and spectator , but the problem here is that are we having enough to help the market? are we truly supporting the coin to expect that much?

if not then we have no rights to look for better future as we are not helping the market to grow.


dont worry as we are entering the ending quarter of the year in which will soon show us what are we truly expecting from this.

If you'd ask me I would XRP. I see them winning vs the SEC. Ethereum will deff be one of the biggest L takers sooner or later when the SEC marks them as security.

XRP is really does have the potential IMHO. Although I cannot be too sure with ETH. Since they have moved from POW to POS ,I believe they just created a way for bankers to get into their mining.

Since bankers do have a lot of budget to put up on Stake, then they probably would be the one mining, thus the one regulating the chain. Unlike before when it is POW , it is for those who have miners, or computing power that should be the one mining the blocks for ethereum. Although POS would be great for the environment, I still believe it is not what cryptocurrency was built for.

Like every year at this time the market was showing signs of improvement. But this time there is no such sign. So there is nothing to do but be patient. During this period there are enough opportunities to select good coins. In a bearish market it is better to select coins that are in a reliable position and should be bought. We may see a new picture of crypto in the first week of next month we have to wait until that moment.

It really doesn't. XRP is a coin that is heavily centralized and controlled by 2 people running a company, that's it, that is the whole control of XRP and Ripple and if you fall for their trap then you will lose a lot of money on it.

I cannot agree with you on ETH, I believe it is a retail investors world and we will have a lot of it but we will put it on exchanges so it would still be centralized in that sense, but I would assume that control of it will be on us, but I understand you disagreeing with that, there is no argument against that from me. I however will definitely warn you against XRP, do not invest in it, and try to stay away as much as possible.

Hi. Thank you for your input. It was surprising to learn that XRP is controlled by just two people who ran the company. I mean if you would look at recent pump on XRP it nearly went up like 50% or neighborhood of that percentage.

Regarding ETH it was just a thought from me.

Yes, until now there is no sign that the market will rise again,
in bear market conditions the key is to remain patient even though we do not know when the market will be bullish,
buying or investing in top coins is a safer choice

Definitely for everything that have the beginning must have an end. In the resent market fall, if this didn't happen then it not market because in market things fall and rise depending on the demand and supply. I believe the market will bounce back.

looks like buying more and being patient is all you can do in the current situation.
trading is also too risky in the current market situation. buying more top market assets is the best option. especially with the decline that occurs we can buy and fill our bags with more assets.

Since bearish market fall in for the Longtime and the global recession is prevailing, it is not possible to expect anything good from the market anymore. However, if the market is a long -time bearish, it will be able to give the highest strength to the Bull Market. In the future, the Bull Market may be the strongest one.

This causes a lot of uncertainty in the market, the fundamentals are what define the movements of all the speculative markets, be it forex, stock market, among others, if there are problems between countries and threats of war, it is difficult for any market to emerge, however, there is always the option of learning to live under these threats, and that is why we are currently living, we test at the expense of what happens, and it is for this reason that we cannot have peace of mind when trading, any movement is of panic, the price is low, and even though by 2023 things will be the same or even worse, the best thing to do is hodl.

I am holding onto my cryptocurrencies. But honestly, nobody knows what will happen. It is very unpredictable.  Check in whether you can afford to take this risk and decide for yourself.

Yes, for many all this means bearish season, and it cannot be denied, it may be, but I prefer to call this Re-Accumulation season, because personally I like to analyze the market with Wyckoff and all of Wyckoff's theory and I see all the reaccumulation pita, that's probably what I think, but I'm not sure, because of all the fundamentals that have appeared in the world that can quickly bring down my theory.

For this reason, when I want to trade, I would like to try copy-trading because it is difficult when you have no idea what you are thinking in the market, and I know that it is not the most intelligent solution, but I have seen many people making money with it. .

Early next year I think most countries are going to launch thier CBDC, I guess that's what's next for crypto.
IMF was already up to regulate the crypto ecosystem globally which means they already realized banning crypto won't work. This regulation is coming probably along with CBDC.

If they are not banning crypto, then most probably we can buy crypto using FEDcoin.

true, expect what is unexpected to happen because crypto is very unpredictable especially nowadays because even you holding a coins with a good team behind it still skeptical to trust.. So much better to always ways too good to be true and make a decision while you have the opportunity in order to prevent regrets.  However if you can afford to take the risk then it all up to you.  :D

Actually taking the risk requires some knowledge of cryptocurrencies. Now if you take risk by investing in scam/fraudulent tokens then you will lose your wealth later. So before taking the risk you need to research so that you understand they Not a scammer. You can invest and hold on to btc,eth,bnb etc Which can make you profitable later.

After the analysis of the prices of Bitcoin in previous years, it is assumed that in 2023, the minimum price of Bitcoin will be around $30,292.55044. The maximum expected BTC price may be around $36,647.49488. On average, the trading price might be $31,383.15137 in 2023.

the reversal started today because it has been proven that after the bitcoin price dumped to $18k then recovery quickly returned to $19,5k,
and maybe a tweet from Elon musk about $20000 can also be achieved,
and if today you haven't bought an altcoin then it's a good opportunity to buy it and hold until the altcoin season comes.

indeed usually after a decline there will be a recovery, but there will be no surprises and will only return to the previous price. it looks like the price for the last few months will continue to happen until the end of this year, the price range will be around $18K-$25K only, if there will be a surprise it will probably be the same as June at $30K.
I don't think the bull market will come. it's still too early and it looks like it's starting to get better at the beginning of next year.
I agree, a bear market situation is the right time to continue buying and increasing savings, especially altcoins which have the potential to increase in time.
Don't let this opportunity pass and there is nothing we do, of course we will regret it later.

I don't think the bitcoin bounce after the 18.3k drop was caused by Elon's tweet, it happened before that tweet.

Why altcoin and not bitcoin, do you think altcoins will be able to bring you riches during this bear season? altcoins are not like bitcoin, have you tried checking the top altcoins in previous bear seasons, altcoins like Nemcoin, Lisk, and BCH... have you seen them anywhere on the CMC rankings? I must say that investing in altcoins is very risky and you have to accept that you potentially lose everything if you invest in the wrong altcoins. Conversely, that will not happen with bitcoin, bitcoin is still the best option in bear season.

At the moment with this current 'bear market', it is good to buy Bitcoin while it's still cheap. Because I am predicting that the 'bear market' will end by the end of this year. And start with a bullish trend beginning in the 2nd week of the month of January.

So don’t wait any longer now is the time to buy Bitcoin.  Another reason is it’s been trading sideways now for a while between 18-20k. So, it is only a matter of time before Bitcoin takes off on a bullish trend.

January is still far off, I am more interested in what happens during the black Friday sale and new year's time when there are major movements happening. True, that January might show bigger changes but it will depend on December.

Definitely is a good time to buy with chances of both rising and dropping from this price. Whether we might see good profits, only time can tell, holding it might give better prediction to comment on.

Year end is a critical time for traders to be on their toes. But also don't forget to spend some time with friends and family.

Most of the time where the community would be looking on last quarter of every year on which they are really that indeed looking if we would really be having some significant movement or not but basing up on real
experience back on previous years where it didnt really make that much movement or changes which we could really assume out that it might happen again for this year.Every new year approaches then
we wont really be stopping on predicting and speculating that this might be a good year for the market to move on but we know that it isnt really something that sure to happen.This is
why investment decisions will neither be that right or wrong or simply totally random on any way.

I guess that new years is a big deal because a lot of people get bonuses, and a lot of people have a different financial income. Like for example my wife will be getting a good amount of increase in here income on January, something like 50% more, and that is a good thing, which means she will be available to invest more after that.

If everyone is like that, then it would make sense January would be a good month, and as we can see December to January is the biggest jump usually because of everyone getting ready for a new financial status. I personally won't have much change, benefits of being freelancer is that I make as much as I work, not based on anything else.