Bitcoin Forum

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.
Bitcoin hit a record high of $ 64,804.72 in April, but later, the flagship cryptocurrency has dropped by almost 50% since then, trading at $ 33,039.01 at the time of writing. The price of Bitcoin has risen 1.5% in the last 24 hours after touching the $ 30,000 resistance level. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.
In addition to the downtrend, the Bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

Source: https://www.investing.com/news/cryptocurrency-news/crypto-winter-is-coming-warns-experts-2543269

The situation in the cryptocurrency market is really difficult now. It seems that everything may depend on the preponderance of positive or negative news information in the near future. I don’t think we’re in crypto winter yet. First, too little time has passed to draw such a conclusion. Secondly, we see that bitcoin periodically rises well in price, resisting bears. Of course, it is difficult for the market to struggle now in these summer months, when business activity is traditionally declining in almost all markets. However, all is not lost. The cryptocurrency market is still able to rise and there is hope in this regard for the autumn period.

Why do we have to listen to opinion from JP Morgan? JP Morgan and Jamie Dimon have bad history with their statement about Bitcoin and cryptocurrency.

The floor of Bitcoin for the mini bear market in middle of a big bull market is unknown. It can be around $30,000 but worse it can be around $20,000 but I agree with Bollinger that Bitcoin is not in a winter season. After a found bottom, Bitcoin will have a few months of side way and will take off again.

I believe that the real bottom can be lower than $30,000 because whales can try to dump more and bring a cheap price back, for their re-accumulation. Additionally, from VPVR, support below $24,000 is very weak that can be compromised by whales to cause a terrible crash.

Has the Spring point in the Wyckoff pattern been touched yet?  :D

The agenda is strong on this one. This is what you do when you understand BTC could still have another wave in this bull cycle and you want to buy more at a lower price. Be careful with these "experts" and their opinions. You suffer the losses if you follow their wrong call but they are not liable for their mistakes.

It seems that I have to hold my fund for little more. Thank you for sharing, actually I also planning to buy btc at 20k price level, I am not an expert but I also did calculations about the lowest price of bitcoin in this bearish market. That's make me more sure about my plans. Honestly, although the market condition is bad but I am not worry about it.

All in all, the article does not bring anything new - it is a classic news recycling with the intention to emphasize as long as possible all this FUD that was launched in the past month, of course with a special emphasis on China. And why JPM in the whole story? Well, so that everything together gets as important as possible, because they are still the largest US bank and one of the top 10 in the world - some consider them almost divine representatives of finance in today's world.

Besides, we read about this because the OP thinks it's something important - and on the other hand, this is a classic shitposting without any effort.

If JP Morgan couldn't predict that bitcoin was going to go to 60k a few years ago, why should we listen to them now?

There may be crypto winters, but bitcoin will be much more valuable a decade from now than it is now. That, I can guarantee.

You're expecting the bankers of JP Morgan to talk positive about Bitcoin? It's all FUD, these guys are so desperate they don't know what to say anymore to stop BTC and the crypto market. I'm not that stupid, this is news for the noobs.


If you ever dream for BTC to reach $20K again keep dreaming.

IMHO, I believe that in this industry everything is possible so anything can happen anytime soon. But before that, we must also consider other factors that might influence the trend like the market comparison of today and before, because if we examine carefully it shows that the crypto market today is a lot bigger compared to the last crypto winter in 2018-2019 respectively so if the crypto winter will happen today I believe it will not the same as 2018-2019 crypto winter and probably most cryptocurrency prices will not dip much, but that was only my personal opinion and I'm not an expert regarding this topic.

For sure that's another false information to intimidate holder again because winter is coming and now they're saying market has a potential to flactuate again. Lol  maybe you don't have any idea who is that JP Morgan? Because fyi he's the man who use to make prediction even he don't have an interest in such things .  Yes that's what he said.  ^{“I don't care about bitcoin. I have no interest in it.*} . So do you think he's being serious on that prediction?.

We don't need to see the analysis by JP Morgan or any other famous personality. Their purpose is to manipulate the market and i hate all those who speak something for their own benefit.

Ah no, a crypto winter's a lot deeper, worrying and scarier than this, JPM. We're talking 25% dips in the blink of an eye, ICOs (now IDOs) raising zero, exchanges crashing, ETH shedding over 90% of ATH value. Liquidations the order of business and signal groups shutting down subscriptions.

We're not there yet.

P.S. Is it a bit crazy I never knew this Bollinger guy is a thing and even still actively analysing?

Bad news has become a crazy consumption today, in the market almost affected, those who initially did not know what the market situation was when the higher-ups were taking care of the files and securing their assets. Bitcoin weakened when China clearly issued its policies. then followed by analysts who have collected their references in order to reach the bitcoin price by the end of this year. I still believe that this possibility will continue until the impact hits the end of December.
everyone has started picking up the fiat pile that will be printed soon to prepare for the release of covid 19. and that will certainly have a big impact on the crypto market.

Betting on Crypto winter is like playing a unknowable game.

"Bobby Lee, co-founder and former CEO of crypto exchange BTCC, told CNBC Asia in a Monday interview that bitcoin BTCUSD, +7.10% tends to operate in four-year bull cycles, with big jumps in 2013, 2017 and this year’s most recent surge representing the latest uptrend for the world’s most prominent crypto."

Key word here is "Tends"

I really think no one can spot a crypto winter. please educate me if wrong. Almost positive people have called for crypto winter and next day market mooned.

https://i.imgur.com/ZdD9xXy.gif

these are the same guys who were saying that bitcoin will never go above $1000 not so long ago and right before price shoot up to the moon that year.

in fact whenever we see the most corrupt banksters are acting scared and are talking about some sort of bitcoin doomsday that is a good buying signal telling us that they know something that has made them this scared.

Winter is not coming and it won't in this year. That tweet is funny (https://twitter.com/cz_binance/status/1408805199209111558) but makes sense.

I wait for a real blast off to the Moon in this year.

Even if the winter will actually come with us, it will last shorter than previous winters. More institutes, better mainstream adoption, more heat on the market and the next winter will be shorter.

You can verify it by looking at how faster the recovery of Bitcoin from bottom in March 2020, that is the beginning of its big bull run. If history repeats exactly, such big bull run should be triggered many months later than March 2020.

This winter will not be like the past ones... I know bitcoin used to bump at the end of the year but this time will be hard to see it because we don't have any big influencers or any big investors behind bitcoin. It's clear that musk is done with bitcoin and not interested anymore, so, we need a new influencer whale interested in the coin or other way the price will not get over $35k.

Will all the current problems with china-bitcoin it doesn't look like we will have a happy end of the year. So, i hope the best for BTC but the current scenario isn't looking fine at all.

The speculation is worse this time because the possibilities of bitcoin going up and down are equal I believe.
Even Cointelegraph seems to be confused whether bitcoin will go up or down because it keeps posting about the speculations of bitcoin price.
In some articles it says bitcoin will pump up and in the other it says the death cross will make bitcoin price go down.
So we can't really say what's gonna happen in the near future. Only time will tell whether bitcoin will go up or down.

TBH, crypto winter isn't knocking at the the door yet as there is still another possibility of rebounding before entering into that. So lets just wait for that bounce back to profit out few amounts from our portfolio, than wait for the major dip to accumulate more.  8)

I was expecting to be in the phase D of Wyckoff pattern when bitcoin was around $40k before the recent dumps. But looks like, i was wrong on that as bitcoin was on phase B and now, we're on phase C. Lets just wait for spring point in wyckoff pattern.  :D

This isn't new, there are more like him trying to spread FUD and seeking public attention.  It seems they are also want to become an influencer and trying to call out themself as the expert on predicting the Bitcoin price which is we know that it has an unknown movement or let's say, it's unpredictable.

There's no winter or summer, Bitcoin goes up when the price goes up, just because it's a matter of demand and supply, nothing else matter.  It might the continues FUD that happens Bitcoin hardly enough to recover the price due to different FUD has recently happened like China banning that really hurts the market.

I don't think if this JP is worth it to listen to his opinion, which is if we analyze very well, they don't fully understand yet how Bitcoin will work the price.

When it comes to indicators based off analysis then we do really have lots came from those so called professionals or experts been telling about those predictions but actually no one really knows on where we do heading.

We had seen that the price had gone down and later on it did really make out some recovery even though not that really much but at least it do shows off some progress that we arent really going further down but nothing is assured as we all know.

If ever this one would be the start of crypto winter then its up to someone on how they would be preparing out theirselves on this situation.
There would really be a time like this to come.So we should be prepared.

I find it interesting that the creator of the Bollinger Bands believes we have reached the bottom, many people do not know this but the people behind the indicators that we know are extremely prepared people, many times applying the same concepts that physicists and mathematicians apply, and while using the Bollinger Bands is relatively easy at the same time this does not mean that it was easy to think about the concept so I am more ready to believe someone like that than whatever JP Morgan has to say about the future price of bitcoin.

Maybe those who are preaching that we are in a crypto winter already are the same people who didn't think that we can reach $64k this year. So there is a pattern, a obvious narrative for them to attack bitcoin again because the price is like 50% from it's previous high.

However, the market is still alive and well, still trading sideways though, but still healthy in my opinion. We have the last quarter to push the price so let's wait and see if those predictions will come true, but I'm optimistic that we might reach another all time high before the end of the year.

When is the last time that some large bank offered investing advice that actually worked? Probably never. All these banks and investment firms were calling a bitcoin a scam anywhere from $1-$10000. If they told the truth that it would go to $50K one day then would of made alot of people rich, but they didn't because nobody cares about the little guy.

Same with their stock tips. Last week there was some investment firm that said that Apple shares "might" go up to $130 while the stock currently was $129 or so. Even if they are spot on with that prediction, its not helping anyone. Less than 1 percent profit even if the prediction comes true. This is why never pay attention to any of these guys.

basically predicting something that will happen is not necessarily certain, but here we are indeed preparing for many things from the possibilities that occur in winter related to crypto prices. although we can not buy but we can still get it in several ways and think more optimistic of course

the warnings that experts tell somehow made me think it's their plan to make us believe the price will continue to drop and then we see prices are actually rising. it's a confusing time when you know you don't control the future price. not good to be very optimistic when it's uncertain but to be prepared for what's coming, i'd prefer to just not look at the price anymore.

That's correct, and I could also say that JP Morgan are far from Bitcoin experts, they use to be one step behind the history and they most probably have their own agenda, so their declarations are .. biased, to say the least.



Bollinger is a bit more reassuring, but whoever makes predictions, there's no guarantee at all that the predictions will come true. Avoiding to look at the price is one possible course of actions; for me it doesn't work, but I try to not care too much for what happens on short term.

The warning is only from JPMorgan and Daily FX which is well known for shilling and bias statement in terms of Cryptocurrency topic. But on the bright side of this news, The creator of Bollinger Bands indicator state that Bitcoin reached already the bottom at 30,000$. This means that the expert opinion is divided and there still some hope for market recovery.

Using Technical Analysis monthly timeframe, It shows how bearish the market for this year after a long Bull market started last year.

I can agree with his opinions about institutional investors being reluctant to invest in Bitcoin,after all the FUD coming from Elon Musk and China.Big investors are always cautious and don't want to risk their money.
Maybe we are entering a "crypto winter".This isn't necessarily something bad.
The good news is that the winter won't last forever and a new "crypto spring" will come.
I think that 2021 will be more like 2018.The market will stagnate after reaching the ATH and that stagnation might continue into 2022.

We acknowledge the expertise of those technical experts when it comes to predicting the possible market value of bitcoin maybe they are maybe correct on their prediction but not all the time because i'd still believe that bitcoin is unpredictable. Actually the current market situation of bitcoin now is supposedly unexpected but not also alarming i think because we all know how volatile bitcoin is. We just not seen the bitcoin price had hone down this past 5 months of the year since the year 2020 end. But if the crypto winter is coming then I bet we knew already what we were gonna do as bitcoin investors.

Once i saw these news updates i was expecting the market to rally and it happened in the past 24 hours, majority of the markets moved up and whenever we see these articles about crypto winter from the so called experts i am expecting the reversal rather than following their stupid predictions and that is happening as i write this  :D .

I would like to these experts today and really want to hear their comment on why the market is recovering after their detailed analysis of a crypto winter  :D.

Investing in bitcoin is about believing and moving forward with positive thinking every trader who comes complains that the price of bitcoin will go up again so even if the price goes down everyone is investing and holding on. It is not possible to give an accurate forecast of the market but it is likely to pump in this year.

Pump or not no one can even know on what would happen ahead and if this market had been predictable then it cant really be called a market in the first place.We are making analysis
every now and then and we do keep seeing lots of speculations and price presumptions on where these prices could potentially could go. Crypto winter is something been part
of the times on where a market could actually experience just like on what happen on 2018-till mid 2020 until it did make out some significant move in 4th quarter.
For now you should prepare yourself whatever the trend would be because this market could really make you shock.

when for the press, it's usually believed by a percentage of the holders of BTC. JPmorgan or someone else like Elon who has big followings on social media will take their agenda in order to make more for themselves. it's already clear JPmorgan wants BTC just as big institutions want.

we have not yet go to the monthly chart yet to consider it bear. you can see the weekly timeframe didn't illustrate the bottom price. this makes panic whether it can go down or up in the weekly chart.

I think it's only natural that there is currently a lot of speculation about the future of bitcoin due to the current price decline, and negative speculation like this is not the first time that has happened and as far as I remember when the bitcoin price crashed in 2018, many analysts said that the bitcoin era will end soon.
We know that crypto assets have high volatility, so when there is a slight strengthening it will trigger fears of a Crypto Winter, as happened in 2018 and when the bitcoin price fell more than 65% and then the stagnant position tends to decline until April 2019 .
And speculation of crypto winter happening again this year due to the decline in the price of bitcoin to a price level of US $ 28,000 in June. In my opinion, the crypto winter will no longer happen to bitcoin this year, because the conditions that occurred this year are different from the conditions in 2018, and the reason is because now there are more uses, adoption, and diversification of crypto that occurred in 2020 compared to last year 2018 ago.

How do we know that it's the winter for bitcoin though? I mean the prices did go half of the ATH, probably this is the winter that they were talking about. To everyone who have doubts with what's going to be for you when this supposed winter, try to do a stop loss if you can if you are on short-term or prepare some money if you are on a long-term so you can buy bitcoin at a cheaper price.

I believe we have already tested the bottom of current bear market and now onward we may see bullish markets for next 1 or 2 months. We already started recovering which may lead to test the current ATH in coming weeks. I agree about crypto winter but that does not mean we are going to witness negative markets but we may not see a new ATH until end of August month.

I am just speculating based on how usually crypto markets do trade by the times of July and August. In 2017, by August month bitcoin's soft fork of segwit was incorporated which led to new ATH but this time we are not having anything scheduled like that hence we may need to wait until September to see a new ATH.

It is highly likely that this is the case, we must remember that banks and governments do not really like bitcoin and if it seems they are kind of accepting it now is simply because they have found no way to destroy it yet and they know that each passing day in which bitcoin remains on the market is yet another day they have wasted and that they do not have anymore.

We are trading sideways but since the correction we had several positive news that improve the fundamentals of bitcoin even further which can only mean one thing, the price will go up once again, we do not know when this will happen but it is almost a certainty that it will do so.

They dont actually have a choice because no matter how they do on banning out crypto or make out some blockage or similar thing then theres still no chance on succeeding.
Instead of banning then why not try to go along? They would surely be in getting the benefits when it comes to revenue when they do regulate those crypto related merchants.
When it comes to crypto winter then theres would always be a time to be like this. How to deal? You should be wise on when to get out on the market or simply
securing your profits and also i dont believe on experts.  8)

I think it is very unlikely we're at the start of a crypto winter. People just say that because they think the market is the exact same as it used to be, but it isn't. More likely we're just in a half year cool off period that has already been going on for a few months since Bitcoin went sideways for like 3 months and crashed over a month ago. Probably another month or two of bottoming in the $30,000s then building back up toward ATH in the Fall.

I don't believe with that expert or anyone else. If they really expert on this, they already become richest person right now beat elon musk & jeff bezos. All of that only prediction, we shouldn't take it seriously. Just HODL your coins and when you have fiat, just buy again when market crash to accumulate your bag without hearing any speculation like that

In investing, self-confidence is the most important thing in my opinion, now we are better at analyzing market conditions than we have to hear speculations from people who really just want to take personal advantage of what is happening, as well as what is happening JP morgan said all this time that bitcoin will continue to crash and in my opinion in this case as a banker of course JP morgan will take advantage of whales who panicked to sell bitcoin after hearing what he speculated, in my personal opinion jp morgan, elon musk and john Their Mcaffe is people who only care about themselves.

No need to worry if your a long term investor or holder because it is just a season and it would past.
We just need to endure it and make sure to survive and accumulate if we could to have a big profit after the winter.

I do not trust that JP Morgan, everything he said is an opposite of want he wants to happened. He has a the power to manipulate the market.
Check out his previous statements, when he said something bad about BTC, dumpers started to dump BTC, then whales comes in to buy the dump, then Bitcoin goes up.
In 2018, when Bitcoin taps 19000usd, he said wonderful about Bitcoin, now idiots buy from the top, then whales started to dump.

I agree that there is a possibility for the situation to get worse. We saw that Bitcoin price decreased to a level between $20k and $30k some time ago. We could see it repeating again soon I think. But it's really hard to predict what Bitcoin will do next. Maybe I'll get it wrong and the price will start rising and reach a level above $40k again.

Winter is always there, it always happens, but look outside the sun is shining bright and the heat is unbearable around here (well unless you live in southern hemisphere). Which means the winter is not scary, it is just the news about how the summer is coming, every year after the winter we have a spring that gets us ready for the summer and that is always like that, non-stop the world turns around and we just have seasons like that.

Let the crypto winter come, it will not be shocking and we will be ready for it when it comes and then we will handle it as well as we can in order to survive and live the summer that will come afterwards. The people who survived 2018 and hold their coins are the ones who managed to make the most profit in this year's bull run, people who left and then came back later to buy higher lost a good chunk of profit because of it.

There many people who thinks differently right now. Some of them think that the market will recover soon and some don't. In my opinion, we will not get rid of this lazy period of the market before the end of the summer.

I understand what you are saying and you are right but it is incredibly difficult for them, after all they know that bitcoin is slowly going to erode their power, so while they can get some benefits now they know in the long term they will suffer, lets take a look at PayPal, for a long time PayPal was against bitcoin and with a good reason, they understood that if bitcoin really took off then they could be replaced, now they have adopted it and they are earning money thanks to it, but sooner or later their worst fears will come true and bitcoin will replace them just as they feared.

I already see this coming, experts do always based their prediction on the current situation, and since the current situation looks so bearish, then it's not surprising at all. They have the point, and I believe the price could get worse, but I like to know what's their price prediction, will it go below $30k, $20k, or $10k?

I'm observing the market, and it seems the bullish movement is really gone, I only see a little spark of bounce back, but it will not push through as the resistance is really strong.

That is what they do, those experts do the same all the time because they do not want to be wrong, you are going to be hard pressed to find anyone that is ready to predict the market will turn around and change directions because as you say they just follow the trend, however even if the bullish movement seems to be over it is very difficult to say that it is definitely over, because as we know the price of bitcoin has the tendency to move incredibly fast and if we go above 40k then the bull run could resume incredibly quickly.

If there is one thing I have experienced with bitcoin is...it always has a mind of its own, anything can happen.

Btw I don't know how these guys want to apply their expertise on the crypto markets. Thought these were the same guys that manipulate the markets so why don't they tell us there next move...pump the markets already:)

Whales and institutions wont really tend to share up on whats their plan behind when it comes to possible price manipulation or plans on buying or selling simply.
We cant determine on when it would happen so it turns out that next movement neither intentional or definitely just random and this is the hard part when you do deal with this
market on where everything cant really be predicted. Crypto winter or not then theres nothing we can do about it but to deal with it then we could always
act according on what situation we are facing or what is the status of the market.

Op, you are pretty correct here and I think that so many investors (both small and huge) are now considering to take out crypto from their investment portfolio because the ride from 20k to 65k and back to 28k increased fear among institutions too that their money on stake is under danger because there are some unethical forces that are trying hard to destroy this 'store of value' dilemma.

Has anyone told JP Morgan Chase that there is FIAT winter going on? Or that there is a stock market winter around the corner? It is funny how these bankers feel urged again and again to give their comment on an industry they don't understand much about. It shows how they feel forced to protect the industry they are making their money with! :D

While this is a given idea yet some investors are also looking for upgrading their investments and this is by Buying Low and selling High.
so if you happen to find when the perfect timing of selling then surely you can make your investment double or even more and this is the intention of this Post as warning and alarm .
that if you wanted to at least make it happen then best to wait this timing and make the best decision for your own betterment .

with the current prices , crypto already in winter . some traders predict that prices can crash easley  the world is in crisis economic and if it continue for sure all market will effect by crisis always everyone should wait before buying the problem if correction of prices bitcoin continue for long time like correction of prices bitcoin past years 2018 the crash is not easy and the prices can decrease much , for this reason should not buy now

We did not had a lot of institutions or institutional investors buying bitcoin, and the few that we had have been saying they are still holding their coins, I am not really sure this is the case of Elon as I doubt he would say the things he said about bitcoin while at the same time he held a huge amount of those coins, doing something like that will be foolish, so I think he actually sold his coins some time ago, but besides him it seems the other institutional investors are still holding or even bought more coins.

I don't trust these so-called senior experts, and I don't know how they made such predictions. Don't blindly follow them. Although the market is indeed turbulent, if you hold it for a long time, please continue to stick to it.

If crypto winter is coming, that means the price can fall too deep, like a few years ago. If that happens, that will be the best time to buy many bitcoins and some potential altcoins because after this moment, the price will start to increase and who knows, it will have a big chance to make a new ATH. Besides that, the price itself already drop half from the last ATH so maybe that is a winter start at the market. But all in all, we should enjoy anything that happens to the crypto market and still try to profit from the current situation.

I've always personally believed we've been having institutional money in Bitcoin since 2016. This was when I first noticed OTC brokers get heavy business in Bitcoin (and only institutionals, like family offices and hedge funds, use OTC brokers). This was also when all the crypto funds set up, and their investors are anything but retail.

It's only what you see and read in the news now, that's getting a lot of attention, because of the size and prominence. But there's still silent, old money, coming into Bitcoin, all happening off-chain.

If we don't have a big number of institutions in crypto yet, that is because only bitcoin was being focused at and as btc is limited in number and with a very limited supply (not like Dogecoin), the number of institutions will also remain limited. About Elon, he's the clown of crypto, I personally admire all his achievements but what he did with crypto and specially bitcoin cannot be forgotten. He has some real people behind him with tons of cash in hands, ready to buy like hungry dogs and that is why he makes an impact on crypto.

There are people behind him who also have the same dilemma for crypto, they are here playing with all the emotions of the followers who still trying to ride with them.

We should take aside Musk but consider those institutional investors who are now learning the potentials of this industry, they are taking their time to really learn more deeper in order to assess what possible strategy to use when they start investing.

The situation still favoring those people who are aiming for long term investment, chances to see more pump still possible to happen.

That's  why we need to be prepared on upcoming manipulation since we really cannot under estimate  it since  we don't hold everyone's emotions towards handling on the fuds came and we need to adjust so if we think huge fuds will came those legitimate ones which can possibly  affect the market maybe its good to move and secure our funds on stable coin so that if the said fuds came and market fall we can buy back at the cheapest rate it may possible came after this incidents happen.

Manipulation  or not, this market could really move in random  ways on where people didnt really  expect for it to happen and this is why we should really be always prepared.

Crypto winter cant really be determined on when it would happen.I dont believe on experts since those are just pro chart traders and we know that this market can really fucked up technical analysis
from time to time.

The best thing to do as a small time trader or even on average is really allocate something whenever the market tends to dump. Secure profits while you still can
and reserve out on buybacks.

I think he is correct on that, its a harsh pullback but not forever even if it lasts this entire year I still wouldn't be especially negative.    Ive yet to see Dollar gain especially or other signs of deflation that would indicate a wider move, all I see are trading cycle putting us through profit taking and removal of speculators from the price which can take months.

Anything which can be manipulated is at fault because if it can go wrong expect it sooner or later, a normal market will explore all possibilities before it resolves upwards.   BTC isnt made of helium it still takes alot for a trend to form upwards and part of that is time also to resolve and consolidate.   Also consider this prices are still very high, year on year its fine and its going to take more to really be especially negative for less transient forces besides traders and they are what matters really.

Yeah, sometimes we really need to accept that we are really in a deep pullback by now, -50% from the last ATH We have been trading sideways already, of course if we got our Bitcoins at a cheap price we are still in the profits.


Sooner or later we will eventually se a break out run, the market is relatively calm at $30,000. Still a good price if we compare it to 2017's ATH. The price can't go on parabolic, and needed some breathing room. But at some point, it will have to bounce back.

I agree on that mate the price is still high even if we experience a dropping of price from 70k$ drop to 30k$ but 30k$ still a good price so I will still considered that we are still in favor of the bull season. But if the price drop down to 10k$ I will called it a bearish already. I will still hold till the price back to 60k$ or above to gain a huge amount of profit.

Without some peer reviewable rationale behind these predictions, what are they more than guesses?

the reason is that they see the price is not going up for weeks while they are losing money. and when fud still continues with the regulatory crackdown fear of losing more is stronger than them waiting for the price to rise. when it's about to break the support on $30,000, it's going to make more holders sell because the fud was that it will drop to $24,000. it will prove we are in the winter season.

the $30,000 figure has proven to be a strong price support level. However, if bearish forces manage to drag crypto below these levels, things could get a lot worse. In fact, such occurrences may be proof that the crypto winter is indeed upon us.
Many institutions are involved in crypto to buy bitcoins, but they are waiting for the right time to buy them.

Institutions have more patience than the average investor. That is what gives them an edge over the masses. Yet, I am far from concerned we will soon be talking about a "winter". Bitcoin is still just doing fine. The only thing that would do shock me would be seeing four figures again.

We must be in the crypto winter right now. I've no other explanation for this situation. After the big dump, the market is just stuck here. And it won't break free soon unless something big happens. Or maybe thanks to the volatility, it will start recovering really huge.

Hasn't this been the case for most of bitcoin's bear seasons in the past? A dump will happen, the price will relatively stagnate for a couple of months/years, a major event will happen that will either spark a price uprise or cause a major downfall on bitcoin's value. Last year's was COVID-19, but it quickly sprung up and in a matter of months recovered and even got into a very high ATH of $68k this year. JPMorgan may say all the hate they want over bitcoin but the fact of the matter is that this all fall into people's hands. This is true. And regardless if Bollinger isn't right about his speculations on bitcoin, there is a strong resistance that will disallow this cryptocurrency from falling down in value. So I don't see any reason as to why we should panic and recuperate any losses lest we want to miss out on another Bull run like the one that happened in 2020, if not better.

Think of this period as a good thing because it gives you the opportunity to buy at the current price and you know what they say, you will never know if we will ever touch this price point again because the prices will be on winter in 6 figures in the future.

It has been the case ever since, the people just thinks that there's something really different with this one because the prices are much higher which doesn't prove anything. I think the newbies are the ones that reacts like it's a big deal more than the veteran users in the community.

Analysts, experts and the like can share any of their opinions. There is nothing wrong with it if they are giving warning to us investors.
The problem occurs when investors are just relying on their opinions instead of making their own opinions. You can make these opinions from experts and analysts as basis but if you will invest or not base on what they are saying then better not to invest at all.

As for me, I would like to say thanks for the warning and thanks for disagreeing that warning. At least I have a basis unto what will I do next :). Not relying on them 100% but I'm creating my own plan base on what they are saying.

There are soooo many people who rely on "twitter influencers" in crypto world that it is seriously shocking. There are a ton of people on twitter that share their buying and selling points, so they give a currencies name, and at what price it should be bought, and they keep saying you should buy some more at another price if it falls, and whenever it goes they say you should sell.

During a bull run it was easy because everything went up and they looked like super smart people, now everyone is crying under their mentions because they are losing money or lost money, it is normal to make money during bull run, it is important to know when to get out or how to face a big bear run, if you can't do that then making profit during bull run is not a gift. As long as people keep believing what these "experts" are saying, we will see many that lose their money as well.

I can exactly feel what you are saying! :P Every time I see someone on Twitter posting price points, my lord... Who the heck is following that advice? But these Twitter guys have an army of trolls and probably a ton of fake accounts who then pretend to agree and maybe even pump the price near to that point to first gain credibility. While that is extreme in crypto, I don't think it is really a new phenomenon. This kind of manipulation has been happening forever I guess, just not to the extent we can observe it these days.

Twitter army to spread a fud is common though. It's part of the manipulation to spread fear. I think it worked for them most of the time.

If the rise of price right now could bring back up to $40 and up, it will turn out that the analyst of JP Morgan and DailyFX predicted it well. Many of that fud on youtube especially Gareth Soloway who usually predicts market crashes seem proven wrong this time as it's going up instead.