Bitcoin Forum

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
   What do you think about it? What is your view point?

BTC still holds its support areas and I believe its still normal as of now. It will still hold and probably be bullish in few months specially that countries like El Salvador, Australia and more will probably be following their steps. It wont be dead as what you think unless institutions trust would be gone across the globe.

If you think the trend is down, it began weeks ago. If you think the trend is still up, the market is in accumulation phase after correction weeks ago.

Death cross and golden cross don't work correctly for Bitcoin. Very few times you see those crosses are correct with trend because of coincidence. Sometimes and you will more often see in bull market, fake death cross. After few months of accumulation, price rises again and gets new all time highs.

Now it is only a short-term shock area，The next bull market starts only need to wait for an opportunity. You can only increase your funds to buy virtual coins.

the movement of BTC in the market today still makes us confused to determine our investment plans. because the decline in BTC as the OP said could have an impact on altcoin assets.
there is a chance that BTC will pump back, but it will not be as strong as it was with ATH. but there is also the possibility of a deeper correction as more people believe what you say.
to be honest, topics like this can make new people who have assets on the exchange panic and sell their assets. this could be a negative sentiment for BTC and the crypto market.

BTC weekend looking weak . now we should waiting for lower price ( $33,000-35,0000 ) Short term  in next week can back test $38,000. Mid - Long term  target ($26,000-28,000) This is not financial advice

many people think it might be more on a downtrend. but there is still a possibility to be able to create a BTC pump to strengthen the market. creating more and more BTC adoption will help the market improve gradually.
more new projects or more investments in altcoins can also make BTC stable and growth will shift to altcoins. this could keep the market from being in a major correction.
we can only see what will happen this month. maybe something we didn't expect could happen to surprise us all.

My point of view is spoiled when you expect BTC to start a downtrend, so my mind can't digest your true desires,
so on this occasion I just want to ask why do you expect BTC to start a downtrend?

Yes the recent downtrend is a short term fall and the market is look like sideways .we have seen clearly that the market are surviving for couple of months and still its on strong support level .So that if its recover this area it will surely go to the up and continue the next bull run .So i think nothing to worry about the recent downtrend and we should need to wait until the next momentum start .

It's always going to be speculation with all the trends that you will "see," but making sure that you get to take advantage of this discount will be ideal for getting more of it, you know? It's always going to be felt like it's the end, but it's not.

Personally, I would want to be able to collect more at a discount. It's best to approach it that way.

do not easily conclude, because not only once we hear this speculation, but finally dispelled in an instant. no correct prediction. we are still waiting for encouragement from countries that have not been given the opportunity to have a Bitcoin adoption policy.
Everyone has their own speculation and that's normal. so are we not going to see another bull market this year?

Why do you think if it's just getting started while that dump already started since early of this month. That doesn't make sense to say like that and bitcoin already touched 36k level so many times but the support is very strong to be able to dump it below 30k and i think the down trend already started since a long time ago.
Did you see how bitcoin was going from 60k to the 30k just in a few weeks? that
s proven if the bitcoin dump already started dude.

It already started a month ago but the real question is how low would btc go? BTC had already came to half of it's all time high or the highest point of the recent bull run.
Now there's a good resistance being built up and would the current trend be able to break the resistance of 30K or won't would determine the lowest point. With so much institutional investment and whales actively bagging coins on dips, I have low confidence for BTC moving below 30K, even if it did, it would be a brief one.

Downtrend is already ended mate and in fact bitcoin shown a lot of way to make a bump in the price within this week, but unfortunately there are still some negative news occurred during the green wherein ban issue from china. So for me in my personal opinion that's the main reason why now it fell again from near 40k.  But for sure it will not make a huge impact based on the reaction of bitcoin at this moment, what i mean maybe it will just make a corrections before it will continue to bullish and not another downtrend..

in my humble opinion bitcoin is facing a small downtrend in the happening of Chinese government by cracking down bitcoin mining farms in the province of Sichuan. Though this things is a slight effect it cannot make up to a major downtrend which OP think.

You were a bit too late to say about this dude because the bearish trend has been coming since the end of last month. I suggest you to see the chart again and it looks like your prediction seems not to be the true story.
Bitcoin already reached the bottom price which was almost 30k and this time it's very stable to defend 30k support against the bearish trend and sell pressure from the market.
I guess bitcoin will still stable at this rate until there will be another big news that can drive the price of bitcoin to increase again very soon.

I don't expect like you, on the contrary I expect a positive trend for bitcoin so that altcoins also follow.
and I think bitcoin is now starting to stabilize in price, even my prediction is very likely that bitcoin can go back high as it did a few months ago.

Agree with you, and my current prediction is more inclined to correction, although quite deep. Hopefully Bitcoin only making a strong Support line.
In the current bull market period $60,000 USD is not the peak of Bitcoin there should be another pump that will take Bitcoin to the range of $100,000 or maybe more.

I think it's too early to say that because the Bitcoin price is still strong and the market is also relatively high for more than $1 trillion MarketCap I believe it's not yet bearish for the cryptocurrency market. But only affected by a deep correction in Bitcoin price, and might affect the whole as well, so just relax and wait for the best is yet to come. think positive!

A few days ago, the downtrend already happened, especially when the price started going down below $40k towards $35k and now bitcoin price trying to defend the price not to go down for more. But if the support does not feel strong enough to hold the price to stay at the current price or rise again, the price will go down for more. Hopefully, that will not go down below the current price. So yes, it is a bearish signal for the bitcoin market, but we do not need to worry and it is better to prepare for the worst scenario and ready to buy more bitcoin.

If the downtrend begins now it is okay. After all, Bitcoin has enjoyed a good rally up since late 2020 till this period. Whether its price goes up or it comes down, only those who will make money will make the money. The period of bear does not mean the market will be without gains for traders, it may be for investors but not for traders. Wise investors should begin to take profit now if the conditions you put up here is accurate.

 Yeas.. The death cross is already happening now. The MA-50 line has crossed below the MA-200 due to resulting in a death cross for BTC. Probably, this indicates that a major sell-off is incoming. I am  also expecting BTC starting down trend.

Lagging indicator  :P and then there's the announcements of Elon Musk, which are going to send BTC skyrocketing to the moon when Tesla begins accepting BitCoin for purchases of cars again.
Death cross - schmeth cross  :-\ it doesn't mean anything really  :P :P :P

A serious decrease was expected towards the end of June. For the last few days, we have been seeing a chart that supports the downtrend. We have seen minor corrections so far, after that we may see much more drastic declines.
On the contrary, if bitcoin rises again and reaches $40000, this time there may be a reverse movement. We are at a critical time :)

So far I have seen people selling altcoins that are probably to buy bitcoin and when that happens it is never a good sign, it means that we are facing a very worrying situation where we can see a price drop a lot. in my opinion we should only worry if the price of bitcoin falls below $30,000, for now it is very difficult for the price to break the support that is at $34000 and $32000... whenever the price tries to fall below these support levels the price rises a lot back to over $35000, it also shows that there are people with a lot of money willing to buy every time the price drops below $35000

Your prediction limitations are 1 and half years, you weren't here with us during the last bullran. On what basis did you predict? Maybe that could help me. We should do what we are giving advice. You must sell your altcoins and Bitcoin. This correction time is almost the last zone because Bitcoin prices have been circulating between 30k-40k USD since February. This range of corrections must be over.

no need to look at the death cross, because it will not affect the current bitcoin price,
you can just use support and resistance to determine the future bitcoin price, don't worry,
we are still in the bullish zone, because bitcoin is still holding above $30k

Well thats fact what is happening in the crypto market now. price correction in bitcoin always like that .but seems like buying support at 30k still strong almost a month now. otherwise this time its keep buying more while had decent discount.

Bitcoin bullish is not over yet, and you talk without any analysis?,
from where you can believe that bitcoin has become bearish now?, I spoke with analysis that $30k is support,
and a few days ago bitcoin was holding there, and making $30k is strong support, and now $35k,
I think this will be the last support for bitcoin, and will be heading to $40k again some time in the future

We are really in a downtrend and it started already weeks ago but definitely a good time for us to accumulate more bitcoin at a discounted price. Whatever it is, either its a correction or downtrend, its never a bad time for bitcoin as its always give us opportunities to make profits in the future.

Bitcoin and altcoins are probably down today, but knowing bitcoin it always comes up to recover and eventually rise up with its new all time highs. This has always been a good trend for bitcoin and i think everyone has already witnessed it from its previous bearish seasons.

Well, if you will understand it correctly, there is no continuous growth of bitcoin price in the market and other cryptocurrencies, it always has a correction.
Perhaps we encounter as of now a major correction but someday it will back to normal or like there is another ATH will come right after the corrections. Just wait for it, honestly, there is no way to predict the market price movement, everyone was still guessing the direction on it. If you think that this is the downtrend, just keep holding your asset and you are fine, if there is no selling during the dump, there could be no loss at all. Because if you are holing 1 bitcoin now, that still amounts in the future.

What told you bullish trend is not yet over? It is over in my opinion and according to my analyses. Bitcoin increased over to $64000 but later the bear trend began. The market might deceived to be bullish but bearish may set again and highly likely to set than bullish trend. The support is just at $30000, if bitcoin breaks that support and fall below $30000, the $30000 can later be the resistant price. I can not encourage people to invest in bitcoin for now, while altcoins will be more bearish than bitcoin. Some people are even speculating the price of bitcoin to still decrease below the recent $36000 and of which I concur.

Seriously?
Wow, wow, wow. Spread FUD again and again.
No matter what the FUD will be, there will be many people who don't care about it and then still focus on Bitcoin.
I'm personally not too concerned with the FUD, Although I realized that FID really gives a big influence on the market of Bitcoin itself. Let's see what will happen later again in this year.

as long as the price of BTC has not fallen below $32k, then of course there is still a chance for the market to increase again (bull run), but if the price of BTC drops below $32k, then the market will likely take a long time to recover, but I don't mind, because as long as the market there is a correction (bearish), then of course it is my opportunity to invest more in cryptocurrency, because I can buy cryptocurrency at a very cheap price and when the market has increased again (bull run), then of course I will immediately get a big profit from investing in cryptocurrency at this time.

Haven't we've seen bitcoin goes down trend for so many times and it hasn't recovered yet that we've been to the ATH. I think it's a good choice that you're looking to bitcoin if it's starting to go down because you'll have the opportunity to have it while it's going down and its price is cheap.
Whether you like it or not, if we see bitcoin goes down, it shall return and recover later on and that's why don't be scared if you happen to see bitcoin corrects again.

What do you define as a trend? A short time span of a week or a month? I think Bitcoin is still incredibly well on track to grow further. What we've seen this year so far was remarkable.

It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.

Today is May 20th, one month and one day after the catastrophe of May 19th, May 19 could be seen as the signal of a down trend in Bitcoin, and also the dividing line between the end of the bull market and the beginning of the bear market. That is right, Bitcoin has been fluctuating between 30K and 40K for nearly a month，it is very weird.

Bitcoin has made a sharp downward move as of today. This state of anxiety makes the markets very tired. Some people are in a rush to see a bull market again. Under these conditions, the downward movements in Bitcoin will continue, so investing is still very risky  :-[

It started 1 month ago and still nobody is trying to save btc from dump

A new Bitcoin downtrend has started, yeah. The price has come down to $34k. I wonder whether we will see a level below $30k this time. If it happens, I have no idea about what the new dip can be.

Right now, most people will still tell us to calm down that we are still in a bull market, but this is hard to believe now, bitcoin is down to 34k while Ethereum is down to almost 2000k, even if we are still in a bull market, I think currently, what we have is a full fledged bear taking over the market though some good altcoins are still doing very well, but most are down cus of bitcoin and Ethereum, I just wonder who are those selling when it's been predicted that bitcoin will reach 100k usd before this year ends, I just pray the market bounces back soon so those that are currently selling will regret there actions and most importantly, so I can recover what it looks like am loosing currently.

I don't think there's anything different with the price right now than a week ago. The price has been largely down for a month, and there's no sign of it getting back up, but no sign of it going further down either. I think we've already entered the bearish market. At least, we're definitely at the stagnation stage right now. It might recover, it might go down even more. I think this will depend on whether any major news appear in the near future. And if they don't, the price will probably remain between $35k and $40k. Some still say it's just a correction of a bullish market, but I don't see how a correction can last for a month.

I don't think we can consider it a downtrend already. You need to learn and see how the price moves really in the market. The rise and falls are not that much for the past few weeks. Maybe it is all because of the confusions and issues bitcoin is currently going through like having El Salvador legalizing the use of it within their nation and having China planning to ban bitcoin within their territory. Another thing is Elon Musk's plan to get back on having bitcoin as a mode of payment in bitcoin since they found a new renewable source of energy that is not harmful for the nature.

I think that the downtrend of bitcoin has started when its price dumped from $60k to its current price. instead, I'm waiting for the price to recover and exceed the current $40k price. to be honest, the current decline is still in the $31k range, which is the lowest price that has been reached after the price down. in fact, I feel that when the price of bitcoin exceeds $45k again, then a follow-up pump will occur. even I believe that this year the price of bitcoin can reach $100k.

Remember its monday tomorrow and this weekend dumps is normal. As a trader this is a good buy in opportunity., A small profit can be made once BTC goes back to above $35k level this coming weekdays., But thread carefully, Anything can happen since this could be the much hated event of all a bearish market.

Undoubtedly we're in down trend. It's obviously not a correction and Binance's NFT market hype can't lift the fall. The only that matters now is how long will this down trend last? Will it be another 4-year period or down trend will reverse right this year end? Many people are still believing that new ATH will be made this year and recovery is highly anticipated. Anyway, be well prepared for this down trend first.

adding at this time isn't it also risky to lose when a deeper correction occurs?
there is a real momentum that BTC can stay afloat and stable in the market. this all has to do with the massive adoption of altcoins. but it seems that it is a little difficult to make BTC stable at the current price. correction is definitely happening, and we'd better wait for it before we buy and add to our assets.

I think this is a big correction phase, or arguably a small bearish condition, because the bitcoin trend in terms of fundamentals is quite strong, only when in June some whales start manipulating prices, as if bitcoin has started to break down, but it is recovering soon, I am sure it will happen in the next 3 months.

It looks like Bitcoin won't be below $30K this year or in this Bearish period, although it's still in a downturn,
but Bitcoin will always recover faster when the market is no longer Bearish.

Looking at the charts it doesn't give me the confidence to say market will be bullish, I know what's coming and it's the bearish trend until this happens then can we say a bullish run is coming after some support has been found.

I hope you are right that we have strong support at $30k.

The bitcoin itself who can save bitcoin from the dump. There will be no party that can control the market or make the price of crypto will be free from the volatility and this is a part of the volatility when you were seeing the dump was happening. If you are a new player in the crypto and then you may face a worst situation but when you have experienced with this and that's a common thing.
You must learn about the history of crypto again dude.

Yes, but believe me it won't last as long as it did in the past because now there are many people who like Bitcoin and apply it in some important ways, so the current market conditions don't last long.

I think this is just a normal pullback in the last few weeks bitcoin has also managed to survive a fairly large dump to the $30k price level, and is currently quite stable despite experiencing a minor decline which I think will recover soon

I don't think so, maybe if you say this for the past few weeks I agree but not for now because now I think it's still flat and even leading to bullish if you look at the existing chart,. maybe i'm wrong because i'm still an amateur in that, but if i look at elsavador and venezuela and iran which will follow in elesavador's footsteps i think btc will crawl up first at least for the next few weeks or months. but whatever it is, I still recommend adding your assets from now on don't wait too long if you can now why not :)

Indeed, Bitcoin's downtrend started a few weeks ago. The current correction is only temporary. The decline in the price of Bitcoin makes altcoins also go down. Therefore it is best to switch to stablecoins for now and wait for the market to stabilize for repurchases.

Bitcoin has been on a down trend since last week and there is no reversal signal at the moment although  not completely  bearish since it's just revolving  around the support zone. We would really call it a bearish trend  once it breaks below the support  zone forming a new resistance  area then  we can decide to buy the deep

I mean there's a lot happening with bitcoin as big name such as Elon Musk affects its price with his impact with the public, the mining takes too much energy so it catches the eyes of the governments, then you have China that keeps knocking cryptocurrencies down bit by bit so it is safe to say that the down trend happens for a reason and might stay if things doesn't change. If everyone started to forget about Elon Musk, bitcoin might retaliate fast since China's blockage to cryptocurrencies won't effect its price for too long, but if there's more negative news to come FUD will still kick in and some will still dump regardless.

Perhaps the correction of the cryptocurrency market has already begun a long time ago, since some time ago the cryptocurrency market has fallen very much and gradually there will be another falls of the cryptocurrency market if correction will continue, but it is possible that there will be another growth of the cryptocurrency market this year, so it is still difficult to say something, but the most important thing is to prepare for the worst-case scenario as quickly as possible because then it will be too late.

It's true with conditions like this that currently the bitcoin trend is down, we don't need to worry and don't panic either,
right now the most important thing is to stay patient and wait for everything to stabilize,
but we also need to monitor market movements it's important

For several months, there was an incessant growth of the market, it is quite logical that now the market needs a correction.

After growth, there is always a fall, after a fall, there is growth. The bullish trend has not been in the market for so long that it has already ended and that a new bearish trend has already begun.

The bull run could be officially over, therefore it's safe to expect a downtrend.

The crypto market cap is down to 1.5 trillion per https://coinmarketcap.com/, therefore I believe it will still continue to go down bringing it to below $1 trillion levels and bitcoin will dump to $20k which there we will see it struggle more.

It's not new, we've seen this kind of down trend in the past, but dude, just buy the dip.

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

Is it really in a bearish trend? We have seen this a couple of times over the last weeks. It starts dropping but now it again recovered up to where it came from half a day ago.

The 7-day trend is a little bit less than 10% minus but we'll see how Bitcoin does during the end of June. Ultimately I am prepared for anything no matter what technical analysis says. What is TA worth if Bitcoin crashes against the best predictors.

So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices.

The resistance above $30k has been holding strong for quite a while now, but even if that breaks I cannot think of Bitcoin going below $25k. I think buying pressure would come up so hard with all the retail investors having the all time high in mind. Even institutions who got in this year are probably going to stock up at that price as they have a whole different perspective on return on investment. If they see the opportunity for 30 - 50% plus within one year, that is phenomenal for them. If it drops below $25k I'll stop with my predictions...

Most of the crypto coins nowadays are having struggles in their market price so i should say that the bearish season has already started. However, bitcoin price does not fall deeply so even if its a downtrend, bitcoin is still expected will not go down below $30k because of its strong support these days compared to those previous bearish seasons.

But this bearish or others say just a correction is definitely a perfect time to add more bitcoin into our portfolio. Seize the moment now because we don't know exactly how will the market looks like in the next days to come. It might suddenly become bullish and leave us missing the opportunities again.

if bitcoin is at a price below $25k, I think it will be an interesting area to buy, because in 2017, bitcoin created a price peak around $20k, and that means the price is entering the support area, and I think it's worth buying. but indeed we only predict, and there is nothing wrong with analyzing someone before the market happens pasar

I see bitcoin can't survive on anymore and the bearish trend is almost starting. Many things have influenced this, starting from the bursting bubble, the news of China banning mining and Elon Musk's statement made the market situation worse. this made the bitcoin market very shaken. the only reason why bitcoin is currently holding above 30k, is because of institutional investor support. but if they've started pulling away like tesla yesterday. maybe the situation will get very bad.

In my opinion if the price of bitcoin will not go to the below 30k. Bitcoin if fundamentally strong. but the market can't resist from the bearish chart that already appeared with bitcoin. People in the demand to short the market and that was also hurting bitcoin and crypto. The old time is going back again and it looks like so many panic sellers have been starting to dump their coin to the market.
The market is full with fear and FUD right now.

same old strategy by big holders of BTC, it's just a loop they already sold their BTC that is why the price goes down, and with that small BTC holders are trying to sell small part they hold, on the other hand, whales are so happy buying the bitcoin that you sold, news and another public figure fuels the issue and the result is the price going down if you are in 2017 2018 bull run, I think you already knew what to do, before its too late, you have to remember a few months ago, banks already open its door for cryptocurrency, which means sooner or later it will be globally accepted, it's just a matter of time and laws to be passed.

we know that currently the price of crypto is going down, one of which is btc, it can be said that it has been going on for the last few months. if we want to invest btc at a low price this is the right time to buy btc because we can buy it at a low price and sell it later when the price is high. it will be very profitable if we can manage our assets well especially when the market is like this. we can only hope prices will stabilize again in time.

I also think this is a trend down, as I saw from a well-known youtuber predicting bitcoin is already death cross, but I'm sure it won't be worse than 2018, I think 2018 is the worst time in cryptocurrency history and don't want to experience the same event.

Yes, but so far there has been no good news about the crypto space or cryptocurrencies in general, so everyone has to wait a long time for the cryptocurrency market to recover at this point because if Bitcoin doesn't recover, others will also get sick.

Last Summer Bitcoin price was in a stagnation. Same happens right now. Last few months Bitcoin price has been between $31-36k. I think that we need some kind of a jump in economy, to make price growth. Previously covid impacted on the price, but now it is not so often discussed; we just get statistics and continue to live. I've noticed that petrol prices in Europe gone up, perhaps this somehow influenced on the price, as masses of money moved from crypto to close the whole in budget.

maybe because the market for the last 2 months has continued to decline in my opinion this has become a downward trend maybe until the end of the year.
and the new chart will start next year, and the history wont be repeat as usually.

added that China bank now declares banning the use of crypto connecting to their costumers .

https://cryptopotato.com/bitcoin-dumps-to-32k-as-chinas-third-largest-bank-announced-a-ban-on-crypto-usage/

That News shaking the market and now Bitcoin falls down to 32k .

and there is a psot created just now about this


https://bitcointalk.org/index.php?topic=5345000.msg57282682#msg57282682

True, the incident in 2018 was the worst thing the cryptocurrency space has ever experienced in its history because there has never been such an incident before and now the same thing could possibly happen but it will not be as bad as it was in the past.

i feel the downtrend is not yet done, it will be in phases. the death cross dosent work everytime for bitcoin thats why much attention is not given to it. bitcoin has been on downtrend for a while but people were only hopeful for price uptrend thats why it wasnt noticed.

In fact the downtrend benefits those who already have a stable coin reserve, and loses a lot of money to those who have bought at a high price, and are still holding it. From one side, the downtrend is good, but on the other hand it will take a lot of casualties.

Both an uptrend and a downtrend all have positive and negative sides.
but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see

Positive or negative consequences are easily converted into profits if you are enough skilled. I mean these days we can make profits from the both the direction of markets hence people who are worrying about the direction of markets must be long term holders (as they do trade only one direction). But in my opinion, down trend of bitcoin is yet to start and it may happen by beginning of next year only.

As of now, we are in mid of bullish trend which means we are into mid term correction which may end at any time soon and I am very much sure about having positive growth in July month. So, getting ready to embrace the upcoming trend will help you to re-fill your bags again.

The price of Bitcoin is moving in the same trend for a month and i have seen the article where they say that the market is in a death cross, but these are bullshit claims and if these shits they are claiming are true then the price should breach the support at $30k and fall further and then we can very well say that these death cross claims were true, other than i see the market as it is and we once again reached the support at $30k and we will once again try to break the resistance .

More stories now started to eradicate and we're not even thinking about how to accumulate our holdings. Some people now shaking their feet and starts panicking over the current market downfall, and those were the short time traders who didn't learn even for they're old in cryptocurrency. Frustrations is basically the reason why they rant everytime btc price collapses, then wrong decision fell out unto something uncontrollable. This isn't just the beginning, but rather the continuation from past bear market which most people struggled to handle.

didnt we face it too in the past, and now we still survive and even touch 65k as highest price this year and still have chance to create new high again. i see secret mission and its structured FUD since elon's tweets negative about mining power sources. its utilized by group of whales of maybe huge bank to pressure bitcoin price till level they want. and when all of it done, price will rebound to 100k as prediction many expert.

Yes the chart is going down maybe it will break the previous support line. But i think this year is still have a chance to get higher than 40k we just need to wait for big good news to come. So for now, collecting btc from the dip is the best option.

Even though we have seen the death cross of BTC it still resist at the $30k support which I am still hoping that it will bounce back before the end of the year. I think that because of the FUDs, bad news and speculations created by plenty of market manipulators that shaken weak-hands and get them into panic selling however I still have faith that within this year it will set a new ATH knowing that there are now plenty of countries adopting BTC as one of their currencies.

Since BTC keep stay at prive above $30k, Iam still bullish with BTC because this price area is current support. But if BTC going down and breakout support area, the high probability trend of this market changing to bearish. The crypto market should be not changing to bearish yet, because this is too fast after long bearish that started on 2018 then continue in 2019 and 2020. High probability the trend of bullish will exist again for another 1 year. I think death cross pattern is not comfirmed yet.

negative news from china seemed to have an impact on bitcoin's decline, this also happened in 2018. but of course there will be more good news that can push bitcoin to the moon, like this year, although after that china again declares bad news, and we can see now the effect

I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.

It's always interesting to observe how btc value fluctuates regardless of any logic, based on pure news and speculation. Chinese miners are shutting down their operation? Great, the hashrate will come down, less daily dumping from miners... right? Wrong LOL, rates still go down.

Yes, and I think that's a very natural thing because China is currently the country that holds the largest economic sector so when they ban something that is product or related to digital assets, it will be such a big influence that the cryptocurrency market now looks like it wants to collapse down.

BTC is in downtrend now. When it hits 41k$ I thought that now it will never drop below 40k$ but  panic sellers sell and dump it to 32k$. I think we can see bulltrend again in 2-3 months. My speculation for 2-3 months is that "All altcoins will recover and then BTC will cross 70k$".

Of course, we should not waste this opportunity because after all, while there is an opportunity to make a profit, we must take advantage of it.
I don't think we need to worry about the current state of things
decreased everything,
Sooner or later everything will go up again so we just have to be patient waiting for that moment

yeah that's very true bitcoin has started its decline quite fast in the last few days this could be the beginning of a bad market because the price of bitcoin has dropped so drastically it creates a great shock and panic because the price of bitcoin is falling very quickly again china country making a great fud the price immediately affects the price of bitcoin which has decreased if bitcoin is below $30k most likely the market will continue to deteriorate.

Ok now it becomes interesting I would say. It is difficult to think of how low it could go. You would think it can't go too far or otherwise so many people would be willing to sell at a loss. Or could it be manipulation? Hard to rule that option out but we'll never know anyway.

We are almost close down to $30k, I couldn't how is going to be in the next few hours, or we might just surprise that we are already below the $30k barrier.  Even I was very optimistic about the market but sometimes we accept that bull season has to come to an end. I can't put to such a conclusion but we can really feel that the entire market is declining upon seeing all coins are in red.

I hope the same thing, BTC will recover soon and reach again it's all-time high. I think the bear market is already here right now but there's a hope that it will recover soon based on some data shows that the bull market is not yet finished. But due to death cross, I think it triggers a lot of investors and also traders to sell their BTC. Microstrategy already brought more of BTC but still didn't affect the current situation. China making it worse, I hope good news adopting cryptocurrency will release soon.

               If you have been watching the market for a few years already, you will realize that technical analysis is very limited in providing good data that can be use to have a prediction which would be the closest to the actual price direction. Useful yes, but not full proof. Just as how it is right now, despite having similarities to the past death crosses on years 2013 and 2017,  which had a drop percentage of 50%-70%, opposite to what others think, I am very bullish. That is if the support at 29k something remains strong and hold. Still, do your own research and don't believe just any thing that any random guy says without having your own research.

good luck.

BTC failed to breakout down to below $30k yesterday, that mean the support line is still strong. Nowadays the price touched to $34k, and this is very fast bounce back, that indicate the buyer still strong. The accumulation phase can be still going on, after that the price ready for bullish again. My prediction we will see BTC will going up to above $100k in this bull cycle.

I said Before Bitcoin will be the long target from 26-27 thousand usd. Bitcoin was dropped to 28,000 yesterday. Now it has risen to 34,000 again. If anyone has an entry at 28,000 then he is in good profit now

Seeing the current conditions I think it is difficult for Bitcoin to recover soon,
I'm just thinking realistically because if we have too high expectations maybe we will be disappointed,
right now we need good news indeed and we'll see if there will be or not

i do agree, we face very extreme negative market sentiment today, its proved from current bitcoin price that crashed to below $30 k. for a while i am prefer to quit from market now and save most coins into usdt. extra ordinary news that only drive bitcoin price continue bullish market, especially if its come China. Technical we will see how weekly candle closing, is it bearish or bullish candle.

The downtrend of Bitcoin has been ongoing for a few weeks now and as it stands its a general situation as most cryptocurrency are on the same path. I don't think it's the end of the road as there's still a huge possibility that we're going through the correction stage which is a normal phase

Call the current situation a correction stage already so we will have peace of mind, a correction always happens after a bull run and we just witnessed a bull run this year so we might see the correction until next year if we based the trend on the last 2017 bull run. There's nothing to be panic about, the market is still here, it's still profitable to trade if you know how to predict its price volatility.

For long-term investors, still, the same method will be effective to you, and that is to HODL!

Bitcoin down is not the first time, I've known bitcoin since 2014 and have experienced things like this time and again, but based on the facts that have happened, bitcoin will recover soon, it can even skyrocket again even if it takes 1 or 2 years.

And today everyone has seen an increase back in a few percent in all cryptocurrencies including Bitcoin, but if I look at the percentage increase, it doesn't seem like it's certain that the market will recover to normal soon.

A week shall be enough for a trend but it can take effect until a month. You're right about bitcoin, it's always been like that. You see it pump and then you'll see it dump.
But whenever it's going to dump very hard, you're going to see it recover soon. That's how bitcoin resiliency is, as we're all knowing how it recovers quickly once it corrects.

Good anticipation brings decent benefits, if you know how to play with this kind
of volatility doing short is the best way to earn from this market.

Just like what you have said, it will move up then it will have correction where anticipation of falling down generates good opportunities for those aspirants, traders and investors who believes that in the long process it will pump back and give them
good amount of profits.

What do you mean by normal, the price of Bitcoin is trading over $34800 and for a moment i thought the market would rally once again as it was well above $35k and now there is a selling pressure and for me it is well above my expectations because you need to take into consideration what the value was a few months back and then decide what we are witnessing.

It depends on the trend you want to look at. Your sentence doesn't make sense. If I want a short-term trend I look at shorter time intervals. If I want the long-term trend I look at longer time intervals. The long-term trend of Bitcoin is clearly positive, we came from around $8000 and went up to $65000, now we are at $35000. Overall a positive trend, but if we look at the short-term trend one could argue we lost almost 50% while the long-term trend guy might say we gained over 300%. Question of what you want to look at eventually.

And I'm long on bitcoin and the correction that just happened didn't made me panic. Although in the short term, you're right that it's a lot but I don't look at that percentage but instead making me feel better to see that it's got a better price since last year despite a huge correction, 50%, did really happened. So yeah, if you're into the long term, you're all positive and don't have to take all the trends as negative but your positioning is important as you look at the market.

Here's the view point now, btc started to show declining behavior but don't get me wrong it would suddenly goes back heading towards up trend. Don't get fooled with some attempt because we might be trapped heavily if we can't catch the clue about the situation happening right now. We shouldn't ignore some factors that would contribute to the growing price btc as it recover from present dip.

Bitcoin's existence for about a decade has managed to outperform typical assets by a large margin.  However, this long term price appreciation didn't happen without and some bearish phase along the way.  While buying and holding BTC has historically been a profitable trade over time, periods of decline also present opportunities for traders willing to sell BTC high and buy it back lower.  However, if the DC line has been formed then there is no time to wait for the pump again, it's time to sell.  Because it took a long time for the Golden cross to be created.

Heres a downtrend in play for some time which we are challenging, I wouldn't say its the only trend to observe but passing this is some positive if we do.

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

We then move into common 50 and 200 day averages and similar prior trades and volume to contend with before market can be said to be positive.   Still more of a fight to do then has already taken place I'd say, likely we need to go sideways for some time before outrunning and outlasting all the negatives.

A lot of people seem to worry and they are forgetting what @inoes says, that there are phases in the market like this. Nothing wrong getting out to cut losses but to overreact when the prices are going down and panic selling is another thing.

The downtrend has ended, and as it happened, the scenario is not repeatable like 2018 when the short sales were crazy by the invisible rope I suspect from the banks themselves.  Fud china has become weakened when the diamond hands and strong effort are held back.  The Delta mutation will continue to have consequences.  Banks closed, stocks closed, the only niche would be $100k for bitcoin.

The downtrend won't last long, it's like a natural thing that often happens because of just a few things, people panic here will be seen and of course that becomes one thing that hinders the profit.
For mine, I don't think that the downtrend that is being discussed lately.. is not a sharp decline and only a short term that will pump after it, and that downtrend could be a buying time.

I've bought some already after the big dump (from $60k to $30k). But I'm not sure whether to buy more or not. Because the movements of the Bitcoin price is very suspicious. I decided to wait for more time to make sure if it's the right time to accumulate more.

I will only believe that we are in the seasons of down trend when bitcoin drop down to 20k$ but for now we are still at 33k$ price and there is still big a big chance to rise up to 100k$ or above before year 2021 end. There are so many things that an posibly happen and crypto had a good start this year so i believe and hoping that we will be also having a good year end.

Even though it was just temporary, many people never think that way. They are still in a panic seeing when the market shows a downtrend motion. And I found this a normal scenario knowing the fact that not all investors are strong hands and a positive mindset. Many were still living in the doubts and obviously, this is a common probable cause of panic. No matter how we encourage people to stay calm and positive, still, a lot of people will make their way away from it.

Everyone always has different expectations, and I also didn't sleep when the Bitcoin price hit $60K this year in April, and if you compare that to the current price it's very far from what everyone expected, but for me it is a very natural thing to happen because every increase it will always end in a decrease, and vice versa.

With the current decline in crypto prices, of course, many beginner traders feel panicked and take steps to sell their assets at low prices, but for those who have been in the crypto world for a long time, of course this price decline is normal.
That why now I'm taking several steps to add/buy a number of other cryptos at low prices and I do this to compensate for the losses that occurred on my old assets, and I do of course with various analyzes that to  able to restore my asset estimates on the market,
 I think,  my steps currently  are effective enough to minimize at least 20% of the losses (asset estimates) caused by the falling prices of some of the cryptocurrencies I bought during the previous high prices ;D.

There will always be fluctuation in bitcoin trading. I think everyone involved in the market has the same goal of "making a profit" although some are hoping for a deeper decline for the purpose of buying more bitcoin. Because bitcoin is not a stablecoin, it is natural for it to go up and down based on supply and demand. Fluctuation is necessary because without fluctuation there is no way for a trader to make a profit.

OP, I realize that the price of bitcoin since april is in a down trend. After ATH at $64K was reached and the period of down trend started, only once did bitcoin hit the $60K level and that was in May. We never know when this period will stop while the price is hard to break through $50K again.

We are all here for a profit and on the day you had step in into crypto then you should really make yourself aware on how this market works and on how it moves and always expect the unexpected.

You wouldn't know on what comes next and asking about trend started then we wouldn't know until we do experience it because it could neither be a trap or simply moving sideways.

This is really hard honestly if you are a trader or investor but once you do make a good grasp on it then you would definitely able to make yourself sustainable even its hard but at least
you do know on what you are doing.

There are many expectations regarding BTC, however when we take into account that BTC is in a huge fluctuation we could see that it is above $ 30k but in the short term there is nothing clear yet, however this analysis shows us that they can be fixed things:

https://i.imgur.com/0rukoeh.png


Source: https://cointelegraph.com/news/price-analysis-6-30-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc (https://cointelegraph.com/news/price-analysis-6-30-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc)

It is somewhat unfinished as to what could happen, but seeing a lot of news, most agree that the movements of BTC will be more bearish.

Trying to use a combination of indicators that work in other markets on this one is not as straightforward as you make it seem, before the so called death cross came the market had crashed already and since then the price has just remained close to the same levels, so the death cross was completely irrelevant and it is not difficult to understand why, since those indicators are too slow to capture the volatility of this market.

I would honestly never say it's easy to do because I know that price move erratically and unpredictably. I would never be surprised if the bitcoin price hit $100K, and I wouldn't be surprised if the bitcoin price went back to $10K. While the current trend has entered its 3rd month since April and we still hope for a happy end of the year.

Maybe it's only effective for you because I never cared about other people's assets,
even though you've talked about it at great length here, which is not very useful for me.

Yes, but what I see on coinmarketcap is exactly what I saw in real, namely Bitcoin price was at $63K on Wednesday, April 14th, 2021 at 7:00:00 AM, so I think everything is very right now.

The bearish movement seems inevitable but the period and the amount is looking more and more diminishing so that is a good sign for the price. It means we could still see a drop, we could see another 30k and even a try for under, but unless the number of people who are selling increases, we are going to end up with another bull run very soon because the amount of people who are selling is not as much as it used to be.

Remember when a long term investor buys, they buy it and hold it, whereas sellers can sell it once, and that's it, that is the reason why bitcoin is destined to always go up in the long run because there are more buyers who hold versus sellers who no longer have any after they sold. This doesn't mean that it will always go up, as we can see it goes down too, but only in short periods and eventually sellers do not have any left, we are getting to that level nowadays.

It always changes nowadays. Hence I can't say that there is only a down trend. But still, we should get ready for a probable another big decrease in the price. We should organize our investments by taking it into consideration.

Yes, the downtrend is in progress, but after it is over, the uptrend will always exist at another time, in which everyone must also manage their investment at that time, because under any circumstances a strategy to manage anything must always be there, because it is necessary in order to achieve good results.

Certainly you shouldn't think about buying until the downtrend is over. That's a long ways off. But, I think because everyone is full of FUD makes it a perfect time top buy. Since, It's always time to buy Bitcoin. Although, everyone has their own management system so choose what's help you get a good result.

I don't know whether a down trend will be starting or not. I also think that the market is really unpredictable right now. I hope that we see an uptrend rather than it. There have been many people who have bought more Bitcoin after the big dump. They can make a decent profit also if it things go on positively.

You just realize it, bro? The downtrend in BTC and altcoins already happened a few months ago, just checked how big the drop in the prices! You must be surprised to see how huge the drop in crypto coins' values. But I am sure the drop won't last a long time, there should be an uptrend again in crypto market. The bullish season should continue, this year isn't over yet. I believe the real bearish season just begins in the early of next year.

There was a downtrend that has happened and that was a week ago.

The market is usually unpredictable and that won't change.

That's very usual to buy during the big dumps but a lot of folks too that don't believe on that strategy because they think that it won't be back as quickly as it can.

It's really early to say such thing. The instability of Bitcoin price is still going on. One day, it is having a good day and increasing. Another day, we see the opposite. This should be the signs of the bear market, nothing else I think.

I don't think so that bitcoin will go to death, as a small trader i see this bearish season is an another opportunity to gain more profit in the near or far future. That's what i think and hoping to gain more money.

The market has turned to green now. There is an uptrend for now. But I don't want to be very excited about it. Because we've seen fake rallies many times. It's better to wait for more time to make sure that we've gotten rid of a downtrend.

It is too early to know if this is the uptrend that we have been waiting for, we need for the price of bitcoin to at least surpass 40k before we can even consider that something of significance is actually happening in the market, and as long as that is not the case then the market is just ranging and going nowhere, now this can be great market conditions for those that like to trade but for those that are interested in something more long term the current market conditions are terrible.

The market still trying to bring the bull back and like what said, we should not be very excited as it can

fall back and start moving down again, if you already have coins inside your wallet better to keep it

and stay calm, if you can buy for more it's also a good chance if you understand the risk and you are

willing to take your part.

I think the dropping of the bitcoin price is not a down trend it is maybe a short correction, look at the price and the movement or volume in the market. We can really say that the bitcoin has a big chance to rise before the end of this year. And I think if the price drop down below 20k$ that time we can maybe say that we are in a down trend situation but for now I think we are still in the bullish season.

It is not a short correction and you can call it as a mini down trend that can stay with us several months.

Bitcoin will need to have to complete its accumulation after that it can be warmed up for the next bull run. Bull run will be big but I think you can enjoy a warm up time in late of 2021 but the real big bull run will be in April 2022. It won't happen too soon as you hope in my opinion.

Looks like the death cross that many are saying few weeks ago didn't materialize and in fact, Bitcoin is moving sideways within this week and around $30,000 - $40,000 in the past month.

As expected with the recent movements of Bitcoin, it is moving sideways as of now. Where will it go?? I don't know though. There is a chance that the death cross might materialize anytime soon causing the market to enter the bear market or on the other hand, it will go the other way around and it will pass the $40,000 price. We've seen Bitcoin into this movement back in August - October of 2020 where Bitcoin is moving sideways but what happened after that. It went up and we've seen new all time highs after all time highs :).

Its really hard to say whether Bitcoin will go down ward or the opposite of it since it is moving sideways as of now. Lets just wait and be ready for what might happen :).

Not looking for a down trend but watching whether we should break the boundaries of a basic uptrend we have been benefitting from during this lower BTC range of prices.   Hopefully we'd maintain this uptrend but if breaking it then its reasonable to presume we may prove more negative for lack of that trend.

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

We are below a weekly average and the 50 day average weighs on us particularly in the near term, so a battle ahead either way.  We are within range of January and recent price action in a broad way the price is still maintaining sideways and overall direction remains undecided.

if you look at the chart, several times bitcoin has formed a pattern of narrowing and widening so that this indicates that the bitcoin price is in a less volatile position, so that with the many controversies that exist over bitcoin, including the chinese government ban on bitcoin mining, it can be said that the market position bitcoin is currently skewed in a bearish position and may take several months to return to the bullish price path.

Another reason why this is not really a downtrend has to do with the speed at which everything happened, if we saw the price dropping for weeks until we reached the current level then we could say that we are in a downtrend, but since the price went down so quickly then this was nothing but a correction, since then the price has remained more or less static without moving too much, and while some people are getting exasperated by this at least to me this is a good sign that a bull market at the end of the year is inevitable.

Maybe not just months but possible to extend that since the bearish directions affects most

newcomers decision making,  there are people who are afraid to push thru, thinking that this momentum

will continue, panic with wrong decision making leads traders to lose their invested money.

Honestly, no one knows how long Bitcoin will be in a down trend situation like this. But we have to believe in the future of Bitcoin, so there's nothing
wrong with being optimistic that the down trend will end in a few months. Even now I still believe that at the end of the year Bitcoin will be able to
reach a price of $100k, that's what gives me confidence to hold Bitcoin until now. For newbies of course will have different thoughts, because they
do not have good experience and knowledge of the crypto market, it is very natural that newbies will panic with the current situation and sell their Bitcoin.

We are still in a bullish season? You are kidding? Bitcoin price was +100% above 3 months ago, the double of now. If you think an asset can be in a bullish season and losing 50% of its price in few weeks then you should give us what is your meaning of bullish season.

I think it all started on the fud and some rich influencer. And then the whales doesn't want to invest at the current state because of uncertainty. Definitely it will have a drastic effect on newbies as they are just watching and making their decision reading the news.

So this bearish trend might still continue, we can't get over the hump of $40,000 which is the biggest mental barrier for investors and traders right now.

it is wiser to wait because the situation has not yet led to a complete improvement. still maintaining the situation in order to remain stable first, hopefully the good news that starts to arrive will have a good influence.

still maintaining to hold on to coins if they already have, is something that must continue to be done because there will always be improvements in the future and it is real and there is no need for doubt.

buying when the price is down is highly recommended because it will definitely have benefits in the future, because the price will always increase and there will always be renewable ATH. the possibility is still visible this year so don't hesitate to always wait for it to happen.

But does it really matters that much at all? With this I mean that people are worried about how long the current market conditions are going to last when this does not matter at all if you have decided to become a long term holder, I know many people want to become traders but when you consider that more than 90% of them lose their money while any investor that has held their coins for more than a few years is always a winner, then I do not know why people do not become investors and forget about their coins and get profits that way.

It is too early to speculate if bitcoin will recovering already from its market price down fall because we all do believe that the bearish month isn't coming yet and it is speculated to happen by the next coming months. But i do believe that bitcoin could make a good and huge come back I can bet that and the end season of the year will be the most exciting time of the year for every traders wanting to get a profit they've been dreaming.

The downward trend in BTC prices has started when Elon Musk issued a statement regarding the termination of Tesla payments using BTC, as well as the statement of the president of China who banned bitcoin miners in my opinion at that time, and we can see that bitcoin prices are getting weaker day by day and it can be said that the decline occurred now this is the beginning of the arrival of a bigger bear market later, now it is better for us to wait for the market price to really reach the bottom so that we can buy without fear the price will fall.

Tesla's announcement had a little short-term effect IMO but China ban is really a huge one. We are now experiencing a bear market because of those bad news and it's funny how easily the market flip because we are coming from a bull run, then suddenly a bearish market is what we are witnessing now. We might see worst than the current situation, just prepare for it as we don't know when the down trend will stop.

As the market is going, it is not totally down, there is always a correction in every trend that makes it seem that it is a bearish trend, as I see the market I think that we are in a trend more bullish than bearish, I do not see that it has entered a re -accumulation, technical aspects indicate the following:

https://i.imgur.com/6lrZLhR.png
Source: https://u.today/btc-xrp-ada-and-ltc-price-analysis-for-july-13 (https://u.today/btc-xrp-ada-and-ltc-price-analysis-for-july-13)

The Bitcoin bulls have not jumped into action as they should, they have only been watching the price levels so that the bears do not make the value of btc fall, at any moment they can give a bullish surprise.

Right now the market is in a difficult position we are close to the 30k support level and this is making people nervous that we could see another correction soon and I do not blame them because as we know bitcoin has the tendency to move at an amazing speed and if you blink suddenly the price went down many times more than what you thought it was possible, but even with that in mind I am not worried as this will be just another dip to buy so we can prepare ourselves for the bull run that is most likely coming at the end of the year.

It looks like the downward trend will be prolonged after the rumors a few weeks ago from Tesla and the ban on miners from China to make the market a bear, on the other hand nothing can strengthen the market again after the previous bullrun and now just waiting for what trend what happens next, could this continue to be a bear market? the price is close to $ 30k and my reason is that if it has reached $ 20k it is possible that bitcoin will experience another prolonged crisis.

Most of them are after with short term gains, if only they have enough time to work with proper knowledge

about this investment, maximizing your profits is far better than chasing your luck, just can't deny that

fact that people always wants a shortcut and they will do everything to make things happened in a much

shorter time frame.

The market is going down again and it is difficult to know what it is going to happen, we have been trading near the 30k level for some time and this had people worried, now the price is trading below that level and if this continues for long then a new drop in the price could be inevitable, however this is not as bad as it may seem as this could be the perfect moment to buy some bitcoin and get it relatively cheap, so anyone that has some fiat available should take advantage of a new correction in the case it appears.

In moments like this common people have the opportunity to start investing and decreasing the influence whales have over bitcoin. Recent news said 90$ billions of dollars disappeared from crypto market and it caused bitcoin to go down again. That is a clear sign of a whale (or whales) cashing out profit and dropping a lot of bitcoins for sale.
I always see lots of people complaining they should have bought earlier or that few people hold too many coins in their wallets, so when something like this happens, those people who complain often should enjoy the chance which is disponible for them before whales change their minds and buy these bitcoins once more.

Market is never been easy to predict even though we do see it dropping but knowing the next movement would be impossible but at least we do have technical indicators that we can use to make out analysis
and would be applied into our own predictions and now on the question is btc in a down trend? We can say so basing on the current behavior but we dont know if this would be just some sort of last pullback
before making some take-off. The market had been moving sideways for a while now and its really hard to tell  on when it would next be heading.It cant give out any signals
and there are no news yet which we can make use of.

In addition to monitoring market movements, it is better to switch to stablecoins first when Bitcoin and altcoin prices fall so that we can minimize losses. in trading we must be able to optimize wisely and must be able to analyze in as much detail as possible.

Turns out this is different the fact that btc has bucked its way to growth and has now reached a pretty good value of $34k (probably still going on) we misjudged a bit and that the previous downtrend wasn't necessarily getting any worse and these are some of the facts we know that bitcoin could strengthen again after China banned it, from the meeting of Elon Musk and Jack Dorsey there is still little role in this because Elon says it still holds some BTC and other coins.
So when bitcoin returns to $30k it must be ready for money to buy because I believe in a correction there must be a revival.

Price trend will keep changing all the time and we really don't see this trend going on for long. Pump and Dump are two trend that will always be in the market and both will not last long and will continue to change. If some time ago we have experienced a downtrend, then in recent days we have seen a change in the trend to an uptrend. Trust me mate, we cant guarantee how long this trend will last and this should be a consideration for every trader who want to take advantage of the market.

Yes, and from what has been seen now that waiting for the Uptrend again doesn't seem like it will be too long either, because the market has started to give a little sign that in the not too distant future, conditions have started to improve again.

It's still too early to say that bitcoin is going on another uptrend run because it feels like the market greens right now is influenced by a rumor and it's difficult to trust the current movement because it might be a rug pull.

Its true that market prediction is quite hard to do. Many factors are affecting the price of BTC. However, this week was good for Bitcoin. The price got up to 40K+ area and still fighting the resistance of going back to 39K in just a matter of days. Jack Dorsey and Elon musk had something to do with it but still its too early to say that the upward motion would continue. I just hope you filled your bags way back last week.

The pump is over, bitcoin was not able to stay at above $40k and it seems to be going down again, there's no problem if you are holding it for long term, but if you are trading for short term, you need to make a timely decision based on the market situation. Just a week ago, bitcoin pumped over 20% in total, that's already a significant increase that would bring good profit for those who pay attention to the market, IMO, we somehow need some technical analysis.

Market analysis is really hard but it doesn't take long to be positive even if the price of bitcoin goes down, it will not go down as much as in 2018. If you want to make a profit by investing in bitcoin it is a good decision to hold on for a long time.

Well, right now, trying to accumulate as many assets as possible, and also being patient is what needs to be done. although the bitcoin price managed to hit the price of $40k again, but since entering august, it has not lasted long. for now, I might focus more on trying to increase my assets. I'm pretty sure the bull market will return in the near future.

right now bitcoin is going down and that's normal. some altcoins also declined after a few days of rising and some altcoins were pumped. that's proof that bitcoin still has hope and is still alive. don't ever think if bitcoin goes down it's a sign that bitcoin will fall but only a market correction.

then after few weeks will uptrend then again downtrend then uptrend .

so the question is what's new? whats the problem?

actually if you are a true crypto believer? you will already understand this situation as this is normal since day 1?

This speculation is for people who are investing in short term, volatility is their main concern and they need to make the correct guess so they'll be profitable in trading, but for long term investors, this volatility would not affect us since we are waiting for a right target before we make a transaction to buy or sell.

I'd argue the ideal to combine both, a long term objective but also the ability to trade short term within that should be strategies that aid each other.
Its just establishing an uptrend again I think, alot of debris left in the path of price action from last time we were here but seems determined to resolve upwards.   Price (https://talkimg.com/images/2023/06/12/AyIGC.png) right this moment is on the 12hr average which matches weekly average and we've closed above prior range bound price action from Jan.  Next best guess is we get to 200 day average from here

I also thought that we will experience the down trend but the bitcoin price start to rise again, when the Bitcoin price fall below 30k$ i was already expecting a down trend but the bitcoin price recover and rise again, all I can do is to hold at this point of time and wait for the next down trend and buy again,it is really hard to predict bitcoin price this year the only sure thing is we are now slowly backing up to bullish market.