Bitcoin Forum

https://i.imgur.com/tQxjmZP.png

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

If you want to invest, you can leave the coin alone for 4, 5 or more years, you have nothing to be worried about, or you can have plans like invest some as the price is decreasing. Like when the price is $55000, you can invest, then invest more at $50000, invest more at $45000 and so on as the price is decreasing. When the bull phase will begin and bitcoin increase over $60000 again, then you are in money.

Traders are the ones that can lose especially if they are leveraging.

In this thread:

https://bitcointalk.org/index.php?topic=5375333.msg58608133;boardseen#new

people mention a supposed ban on personal wallets but I can't find any recent news about it.

The news broke in July:

A blow to Bitcoin? Europe plans to ban anonymous crypto wallets. (https://www.zdnet.com/article/bitcoin-transactions-could-become-easier-to-trace-as-europe-plans-to-ban-anonymous-crypto-wallets/)

So, I don't know what the **** is going on.

Seems like this marks the end of the bull run.

I do think that we are due for a correction though, so this is nothing out of the ordinary. You shouldn't be fazed as a long term holder.

The halving cycle is certainly coming to an end now as expected (around 2 years after the halving event actually took place). Bitcoins are on sale once again so load up your bags, people.

Personally, I see that the news follows the price, meaning that the content writers are looking for any story to be appropriate with the price change.
I was surprised because we see levels below 50k in December which are good levels for those who want to buy, but it seems that we will need more months to reach ATH.

We may not follow the same model that happened in 2017, but we will be two or three months late.

Actually you see whatever you want to see.
The last moves, drawn by somebody in red, mean absolutely nothing, the market may or may not go on that path.
Somebody more optimistic may get the same drawing - especially it has only the chart from before the last dump - and paint a nice falling wedge. Actually many did that last week.

I don't say that Bitcoin price will go up, down or sideways. I don't know. The last dump was a surprise for me. What I say is:
1. OP chart means nothing. This TA is weak at best.
2. I don't know whether OP believes we entered a bear market or just wants us to believe that.

its sad that when i wake up this morning , a Bad scenario takes my eyes and that is the very Bearish market like now.

I did not manage to take profit and now will force myself to Keep long term holding as the Bear trap seemingly taking place.

Be careful to everyone , looks like Whales are playing the cards again.

Yes, it is gonna be disappointing to see the market turn more bearish today but I wasn't in the mood to think it bad and get worried. I will hold, that is certainly I gonna do this time, like I wait for the price to recover rather than to make play this volatile network. It looks like whales are playing some games again against the weak hands.

In a month or two, I was very optimistic to see the market back at high again. I'd rather take this chance to buy more while there is a price deduction. Anyways, we'd come to this dip before it going to the bullish again.

Aside from technical analysis then it isnt really bad to consider fundamentals too.
Whats the trigger? For sure this one.
$300 Billion Bitcoin And Crypto Price Crash After Stark Fed Warning—Ethereum, BNB, Solana, Cardano And XRP In Free Fall
Source: Link (https://www.forbes.com/sites/billybambrough/2021/12/03/300-billion-bitcoin-and-crypto-price-crash-after-stark-fed-warning-ethereum-bnb-solana-cardano-and-xrp-in-free-fall/?sh=308fa63322fd)

I do really expect something like this that anytime could happen on which this market is really highly reactive to news or fundamentals
which it could really fucked up those TA's.

I don't think that this is the trigger. No recent developments on this particular news, and if it is indeed the cause of the downtrend, it would have had affected bitcoin as early as when the news circulated. It wouldn't make sense for a news to affect the market months after it was announced, most especially if there were no active updates on the said event/news that was broadcasted

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

Just the end of bull run for now, the market price can not keep going higher without any bear phase, some people still want to invest in bitcoin, there will be a chance to invest if the price fall to certain price, they will invest and the price of bitcoin will increase back and continue to remain volatile but increasing than the last low price. There is nothing about making US citizens to register personal wallet, we all know that is not going to work.

The strongest resistance for the current downside wave was at 42k$, and indeed bitcoin rebounded from that point. If bitcoin had managed to break through the 42k$ resistance, we would have seen bloody massacres of cryptocurrencies in the entire market, but thankfully there is some hope of watching the rise again after a rebound Bitcoin to the 48k$ point at the moment, we hope that bitcoin can go back to the 54k point for the market to bounce back.

I am a bit surprised that we had a major correction at the beginning of the month and it is really interesting how the market would perform in the next few days, will we see a recovery or we will see further correction because the major reason for the correction is institutional investors booking their profit and i saw that coming but not this early and how they are going to continue is a puzzling question for me and if they keep on selling we might go below $40k as well.

That's interesting--I hadn't read anything about that before, but as you said the article is from July, so I doubt that's responsible for the massive drop we've seen in the past 24 hours.  Maybe there's some info about that or something else that hasn't hit the press yet but got leaked to some whales....that's the only thing I can think of aside from this just being a general selloff. 

And yikes, what a selloff this has been so far.  I've certainly seen bitcoin do some crazy things, but it's been a while since it's been down $10k within a matter of days.  Usually I don't worry about what's causing price swings like this, but I am curious about this one because there's been no bullish or bearish news besides the COVID stuff.

First of all, I don't believe this kind of chart where people could draw anything. This pullback was expected for me as I discussed in a few threads. But to be honest this much pullback wasn't expected and it's quite surprising for all of us I think. I thought Bitcoin would play around the $50K zone and perhaps we can short it that zone. When I saw the chart today, I become speechless. I didn't fear to take entry though I know it would recover quickly.

Still, I am wondering what was the exact reason behind this dump. I hadn't found any strong reason or news sources. I am assuming this was a whales game to accumulate at a lower price. So that they could make billions from here.

It does look like whales are trying their hardest to break the futures by the looks of it. Ever since we moved over 40k, the long futures have been collecting to become huge, and they just broke most of that overnight, now shorts are looking a lot bigger thanks to this, and with a huge increase they will profit from that as well.

This doesn't mean that they will do it right away, maybe it will take time but waiting instead of panic selling seems like a good idea right now. I believe that we should not be selling right now, it is obvious that bitcoin is volatile and that volatility means every drop will have a recovery and we will profit from this as well. We just need to wait until that happens.

I think that what we are seeing is the result of the new strain of the virus that has been found at South Africa, people are very nervous about it as we do not know what will be the potential of this new strain that many think is the most dangerous to date, so the markets are going down as a result of this, and since now bitcoin has institutional investors which are also invested in the stock market then we see some correlation forming between bitcoin and the stock markets, causing bitcoin to go down in value for the time being.

You're showing a pattern that's favorable to the eyes of the bears and there would surely be supporting analysis that says, we're about to enter in a bear market.

But I don't think we're going there straightly. It's always that after every dip, there's a recovery period and let's see how much it will recover after dipping. Yes, $40k is still possible and let's see if there's some news that will pull it down for more.

One can always make charts according to their prediction, and formulate trends according to what they feel will happen. But most of the time, those trends don't correspond to actual happenings. So this is interesting, if the movement drawn by the OP will happen or not? So will bookmark this thread and will visit again once this year is over. And hopefully, the OP will update what indeed happen to the market and compare it to his chart.

Some think about that and that cause trouble for some people here but in my opinion that scattering of new strain is just temporary only but unfortunately it triggers the bear market condition that's why people need to be careful and if they cannot take the current danger what brought by the bearish market I think its good for them to relax and convert on a stable coin for a while.

I guess it will be better if we will still observe the market how far its price will go than take the risk and trade which losing is very possible this time. I also see this new covid variant may trigger the current correction and might continue into a bearish season once bitcoin will not recover. If this is the case, then we should not miss the opportunity these days to buy cheaper but potential coins as we are not really sure if the market will recover this year, or maybe by next year. But no worries for long term holders as we always have long stretch of patience to keep waiting for the right timing to sell.

So, Federal Reserve stops or decreases the stimulus they were offering by buying bonds to increase market liquidity during the pandemic, and instead of doing that, they can use the money now to raise the basic interest rates in the country, what makes fiat fixed income investments more profitable and interesting in the USA, incentivizing investors to cashout their funds from crypto market and inject it in the american traditional economy.

Not only crypto market loses, but many other emerging countries' markets can also lose this way. Well, I just hope it's a temporary movement from investors and as soon as they see how fiat economy is messed up, the increasement in interest rates may not look so bright to their eyes anymore. So bitcoin will be still an alternative to that, like it has been during the whole pandemic.

Just momentum and reversal of speculation is enough to do this, nothing much but people forgot we can roll backwards as well as forwards.   There are some clues in the wider market like dollar strength and general market risk off but its only slight and caused a larger move in a speculative asset such as Bitcoin.

Yeah, the very definition of how volatile bitcoin market is, and how it is affected by what is going around globally regardless of what event it is, i.e. covid-19 new variant, or Fed news.

Right now though, we have a good bounce, going to $49,000 after a precarious $47,000 and keeps on counting. At least now the bleeding has stop, but we shall see if the can get back to $50,000 at least and have a good momentum Monday.

Last night was a number of factors. One being that many people kept opening up leveraged positions in the $50K areas, and it led to a cascading dominos type of liquidation deal.

Another was that it was extreme thin liquidity being on early Saturday. How often are there big moves during that time? Almost never.

Third was probably some stock market traders took huge losses earlier in the week and closed their crypto positions also to stop the bleed.

Indeed. Only carefully can we know when we can start buying bitcoin or wait for more to see the chance. Or, if you have skills, you can try with hit and run strategy and not chase the big profit because the situation does not come to you.

This situation is good to buy and hold temporary and that is why we do not buy bitcoin in a big amount to prevent another downtrend. If the price is still going down, you can use more money to buy bitcoin to accumulate bitcoin at many low prices, which you can sell when the price starts to increase. I think that will be good for you as you can take profit from the lowest price by selling at a high price and so on.

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

Buy bitcoin guys this is our chance to take more Bitcoin.

Buy and Hold.

Let's take this opportunity guys , Please ..

I was also surprised when the price of Bitcoin suddenly plunged to $47k yesterday. I even lost when BTC fell. Because other altcoins are also falling, including the coins I hold. Therefore, conditions like this force us to endure while waiting for the bitcoin price to rebound in order to take profit.

Why though? I mean what makes you doubt yourself when it comes to this subject? If we know that bitcoin will have a reversal and we are going to end up making a profit, then why not trust that it would make a good profit in the end? I personally believe that it would be silly not to invest into bitcoin just as it is down right now.

If you wait for it to go up it is already going up a bit, we have seen lower than 48k but seen above 48k after the crash, which is not a lot I know, we were over 65k just a month ago so I understand the hesitation. However, the hesitation should come from people who do not think bitcoin could recover or not, if you are aware that it will recover and be better, then why are you doubting buying bitcoin now?

Weird that ethereum seems remain strong despite other crypto fallin apart down to 30% , the fed will always doing the same thing to try to regulate cryptocurrency platform in order to protect its user / citizen and this time some people got the FUD.
the fear is there and at once they are planning on spending some on christmas & new year holiday so yeah just figure it out what fundamentals matches the situation.

The price will bounce back but when is the question. If you stick your money for a longer time than you expecting profit maybe frustrating and discouraging. Therefore not bothering about what caused the price of bitcoin to drop faster than it was being expected is important for a business mind. Well to me I have not seen a reasonable reason for the drop but I see it as a correction waiting to happen after all the bull run.

that the price will recover this everyone knows the big problem Is how long will it take for the price to recover? if it takes 1 year or two years or 3 years? and from that point it becomes very worrying

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we have to ask ourselves why the price went from $40,000 to $69,000 in just a few weeks? and the answer was a possible bitcoin ETF approval, and now people are reading negative news from the SEC, this created panic selling

Like the analysis, its spot on 8) but then again this is based on a 4 hour chart which could mean this anticipated moved is for the short run.

Looking at the daily, weekly and monthly trying to get higher time frame bias in trying to get the charts to agree they are sending a different signal for the long term hence trade cautiously and going back to $40k again this will be depressing for many and personally I would not want price to come this low!!!

Investors could also buy at the current price not with the full amount, but a gradual buy. Nobody knows whether or not Bitcoin could extend its bearishness down to $40k, but to make sure you're not missing the dip just do a gradual buying everytime Bitcoin dips. The kind of strategy is similar to DCA.

Majority has no definite idea about the current crash, but one thing is for sure, a huge sell out happened thus pulling the price as low as $47k.

In terms of price Ethereum is also experiencing a sharp decline like the price of bitcoin. But its marketcap dominance is increasing because people are selling Bitcoin. Therefore, it seems that ethereum still has a long way to go and a reversal of ethereum's market cap growth over bitcoin could be imminent.

Within this month i believe it will stay above 40k since some of the big investors already buying at the dip including El Salvador. As the matter of fact previously there's already a small consolidation, but unfortunately the price fluctuate again and for sure it's due to some weak hands.. Perhaps if weak hands already finished dumping big investors will add more to keep the current level before this month ends wherein since that's the common strategy when it comes buying in such situations. They keep buying when bitcoin respecting some pattern in the graph.

I am not sure what's going to happen in the nearest time, but I know that it is not going to be unavoidable. Even if we end up with a huge bearish run, even if this near 50k prices are just dead cat bouncing, even if we end up with lower than 40k in a month, all of that could be avoided.

I would suggest to start trying to look for some cash somewhere, I know it is not easy to just whip out cash for most people, but try to do some extra work online, some useless stuff that you haven't touched in 1+ year selling, and few other participation stuff and you can get yourself some money saved aside until a drop happens. If a drop comes and it is a harsh one, then you could buy with that extra money, if it never comes and we go up then you have money to spend and have some fun with. That is the great part about it right now, you could get ready for it because you have time (probably).

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

For now, ethereum is seen to have a growth on its market cap compared to bitcoin since we are all witnessing bitcoin today having a rapid decrease of its price. But this is only due to the current correction, and the new covid strain i guess. If these issues will be over, then  we will see the market back to normal and bitcoin will create price in an upward direction. So let's all be patient this time as bitcoin is not set to stay being low priced, it will always have its own way to skyrocket again once there is strong support that will back up then.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

I don't think there will be better news about the variant, I mean it's already been discovered and so far vaccines are still effective against Omicron. What's scary is the mode of transmission because it's very quick, however, most of the infections even in the US is still the Delta variant.

But as I have quickly glance at the price, it seems to get over the $50k barrier now, so that's a good indication that we are in the bullish phase at least for now and hopefully this is not a bear trap.

The bear market channel is visible but only on the short term. When we look at the chart from the last year, or even a year and a half, we can see that the price of Bitcoin is still in an upward trend. Of course, this could be the beginning of a new bear market, but in my opinion the mood on the market is still too optimistic for the sales period to begin.

This hasn't served as a bearish trap, but soon this can happen and we need to keep ourselves planned. Major thing is the panic, as we're in the month of December there is more chance of cash outflow from cryptomarket. This will make some impact along with the bear trend. Altogether if there happens market fluctuation beyond the present value, then panic waves can be seen among the common holders. This will make an impact over the market, and could drop down to $40k. If people ignore it, then the bullish trend transition could happen.

today the price of Bitcoin returned to the price of 50k and I think the correction time is over and it has started to slowly return to around the price of 50k more or less before the price will return to high.
I don't think Bitcoin price will go back down to 40k maybe it will only stay at 50k.

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

At the end it is better this way, after all sooner or later those people will face liquidation as they are taking too many risks to begin with, it is better this happens when bitcoin is not moving much as the recovery can happen relatively quickly, but if something happens when bitcoin is on the middle of an upward movement then something like this could completely change the market sentiment and make the price crash, as people panic because of such a fast decrease in the price when everything seemed to be going well.

Well, good to see that bitcoin is now gaining momentum to rise up again and recover its price from below $50k. This may be a positive sign that bitcoin is now set to reach another all time high since its the trend every december for bitcoin to end up with a new ATH. Regarding with what triggers bitcoin to dump, i think the latest covid strain has affected it but we know for sure that its effect will be temporary. Other than that, there may be some negative news but does not affect the market that much. Right now, bitcoin is priced at $50,749 so we need to be optimistic this time since its also a way of attracting good vibes in the market aside from the positive news that will soon to come in the market.

I've known Bitcoin for a long time, so I understand how Bitcoin works. As I suspected that Bitcoin's price decline won't last long, it's proven now
Bitcoin is starting to recover by rising again above the price of $50k. Hopefully positive news will continue to emerge, so Bitcoin prices can continue
to rise, at least Bitcoin can return to ATH prices before the year ends. I don't care about the reason why Bitcoin is bearish, the most important thing
for me is the market has started to recover and Bitcoin can be bullish again. I'm quite happy to have bought Bitcoin when the price dropped below
$50k, now Bitcoin has gone up to $50k again, it means I have profit now. But I will still hold the Bitcoin that I have, because I believe the price of
Bitcoin will rise even higher in the near future.

I previously seen that price rages below $50k last few days but it eventually recovers until now. Though there's another chance that we might see another potential collapse of btc price, still taking an entry point while strong resistance is there danger zone could be present. Most importantly we must think of long term holds instead of quick trading for a meanwhile.

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Still 50/50 for me, neither end of bullish phase or start of bear season.

What we have is that the investors are undecided, but if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yeah for sure $100k can still be achieve next year, but it will be a slow and hard grind to increase to even $80k because of the Omicron news and the Feds tapering. But we should remain optimistic that 6 digits in 2022 is doable by all means.

If you think it is 50:50, I am still optimistic 60:40, bullish should have a higher chance. Bitcoin probably has another pump before the bullish is over, at least the high price around $70k. That's what I see from my own analysis.

Yes. It is one of the reasons why I am still optimistic about the upcoming pump. The historical logs clearly shared us the information about the possibility of a bullish trend in December. We still have some weeks to see this happening, if not we can prepare for the worse scenario (bearish start).

Due to several factors then this wont be a smooth sailing ride on where some people do really believe so but it wont really be for sure.Its sure 50/50 when in

talks of possible price movement.It might be showing off in between bullish end or start of bearish trend but still cant be sure and its true that

this shows currently some uncertainty yet we are moving sideways without having those sure on point.

It’s hard to say what will happen in Q1. If you look back at 2018, most assumed that Bitcoin and other cryptos would keep rallying but it was the exact opposite. Kept dropping until the tax deadline date and then started to trade sideways for the rest of the year.

Now look at Q1 2021, most assumed that it would drop due to tax selling like 2018 but it was the complete opposite. It had a very healthy first quarter. So it’s hard to say how 2022 will look.

Right now the ways it’s trading it’s hard to see a new ATH this year however you never know with crypto.

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years  ;D

So this 3 weeks now is nothing for me!

Nothing to say! It's you that will decide with your money. If you continue to see the downfall more likely, it's a good sign to buy more,

We don't know what fate the market will bring us before this year may end. The only hope is to see more adoption and progress,
that are the good sign for this industry in possibly bring increase to the current value.

New time high still unknown, better to keep your goal intact and forget about this market if you see some losing momentum.

Obviously, the main trigger was china banning crypto (again ;D), nevertheless as stupid as it may sound people fell for this sh*t (again ;D) and start to panic sell their savings.

Then it turned into a snowball when every next thing is seen as another trigger and it only gets worse.



-------------------> WE ARE HERE <----------------------------------

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

The current tug of war is leaning too much towards the bears, so the ability to turn the tide only comes when one side is exhausted and the next few weeks are very difficult to compromise because, as you say, so many trust milestones are standing at the gate of growth, from experts to ordinary users, the ability to expand this gate will be very limited while the drop gate is very narrow, the whales love news that manipulate such public opinion to further widen this gate. Public opinion and predictions are the trigger for many things, but the picture will still be as complete as expected over time

They should stick to Bitcoin if they want a successful long term investment instead of choosing some altcoins. Investment is not just about holding if you want some profit you need to know when to sell it because we never know if one day our investment would be gone. Although, it's almost impossible to happen in Bitcoin as long as there are people who still believe in it.

And now, about the price decline, it may look like a bear is coming but I believe that's actually a bear trap and besides, the price starting to get to normal but it seems that we need more month since it's most likely not going to pump this year due to the deeper price.

The decline in bitcoin is now often associated with China's FUD because it has banned bitcoin in its country again. If you think about it before, China often throws tantrums like this from year to year. Are investors enough to influence this news?
I don't know why it's so significant, but there are still those who say that the cryptocurrency market is often controlled by whales, it doesn't sound very sure, but at this point, corrections happen often, we should consider it normal.
There's no need to trigger that problem for sure we will return to the highest price.

It is all about the hype, as soon as there is a hype around bitcoin again, we are going to see something happening and at that point 100k will not be something that is dangerous. I believe that there is a chance we could hit 100k, but it will not be so easy, we need to have a bull run quickly starting very soon otherwise it is not going to be enough time to reach to 100k before the year ends.

However, it could be like last year, we were at around 20k last year and had trouble going above 20k for a very long time, by the time the new year started we reached to 30k and having trouble going above 30k, as we all know in the year we reached to 60k+ prices after that. So it could be similar, we could reach to 70k and have hard time going above that, then we could have the new year trying to break above 100k, that way in 2022 we could reach to a 2022 level for sure.

To be fair we can't really compare any of these cases with the current situation. From $20k which was the most different resistance since it was the previous ATH and historically they are extremely hard to break due to the sell offs close to these prices.
The rest of the troubles were mostly because of the nonsense news such as the 2 big FUDs we had in the past years one about the energy consumption which is now completely forgotten! And another one about this country and that country banning bitcoin which is again completely forgotten now.

I always buy the same, more or less, high price or low price,,, I cannot help it, I am totally addicted to DCA strategy so of course I am happy when prices go down (as I know I am not selling any time in the near future) and as mentioned 100k is my target.

No need to hope for more adoption and progress. This happens already if you just look at network stats. And also please do not forget to keep USING,,, Bitcoin does not magically grow. We all need to use it.

I think, judging by the bearish pattern on your chart, this is a strong indication of a deeper decline. However, this pattern has so far not been confirmed. To confirm this pattern, it is necessary to wait for the price to drop to the level of $47k. Buy positions are not recommended, especially for those who want to invest in the short term. If you want to buy, it's better to wait when the price reaches the $55k level so it's safer to buy.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

With bitcoin's price continue to dump, there's nothing we can do about it but to take an advantage of buying it with a low price. Actually, the lower the price, the better. Because we really don't know what triggers deeply the market today, i think if its only the new covid variant then  the result would only be temporary. But having a serious correction like this, although its part of the market cycle, still makes people more panic and the weak ones  are usually the most affected. So it takes more patience and understanding the current market condition before we can see a real bull season that will still be happening soon once the market has recover.

If you have that trust in you, and you do believe that you can handle the pressure,

Buying at this point is still good position. There are more downfalls or possible decline, but once the market starts to bounce back,
you will be on the positive profits.

More on your own assessment, as I mentioned, your money your take.

If you think that it's a buying stage now, go on and buy. Just don't forget to bring enough patience to wait.

In the current bearish bitcoin price condition, we should be able to wait until a reversal point appears. Well, that's when you start buying again. However, even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there.

That you need to act wisely and never rush on it unless you are willing to wait until the reversal point comes.
It was very common that people are buying during the dip, I'm also doing the same but of course, we can't just set aside doing TA if buying today is a good time or have to wait for the signs of recovery. Well, it was a choice that everyone does. Everyone has their own market understanding and I think, we make decisions based on that. That is why, if we got wrong then have nothing to regret, just move on...nobody is perfect.

Yes, smart investors knows how to take advantage of the market situations to gave them a winning profit in the end. Maybe it's not what we expect as this time, maybe they are just waiting for the right now to fill their bags again, maybe they are waiting for the price range of $30k to buy bitcoin again.

Nevertheless, I still believed that we can still be in the bullish phase if that scenario happen because many are going to buy and push the price again next year.

A lot of the new investors will really be devastated if the price will sink to 30K.
Seem panic only that drives this bearish move. The Senate hearing about the infrastructure bill looks good already, so it could just be many of the whales trying to make holder panics especially that there are lots of newbies coming into this market hoping to hedge from the current inflation. Too bad for these new investors, China's crisis is also making the world economy worse.

You should have a plan for buying bitcoin and not buy in a rush because we need to calm down to see the chance of buying bitcoin at a low price.
We can buy bitcoin step by step based on the current situation as the price can get down for more.
If we can make many orders buy at a much lower price, we will get many satoshis and that means, when the price increase, we can start selling and make a profit.
But if your plan is just to accumulate bitcoin and sell at the highest price, you do not have to sell if the price does not reach your price

I am not saying that it will be 1 to 1 ratio exactly the same thing, that's impossible. However, I am saying that it is also not an impossible task and we did "similar" things before and it could happen again. Sure these resistance and support points are "something" but they are not everything. Hopefully we will reach to a place where we will do better and reach to a higher price and those resistances and ATH and psychological barriers will not hold forever.

Of course, it will be a difficult challenge, but it will not be something that we will have to force breaking forever, maybe once, maybe twice but eventually we will break through it. Same happened before, same will happen again. I also do not see the 2018 bear run happening right now, I am just guessing that it would be similar in case the price drops a lot but it has been sustained so far, which makes things easier.

Many of those that call themselves experts do not really know more about the markets than the people that are actually watching the markets and that have done so for a long time, after all I have seen many instances of those experts making predictions about the market but at the end they claim they own no bitcoin, then how we can believe their predictions when they have no skin in the game? Someone that has some skin in the game has something to win and to lose and as such will be way more involved in the process, so the opinions of experts like that are worth nothing to me.

That is called DCA, dollar cost averaging. This is a method where you end up buying bitcoin not with all of your money, then if it drops then you buy more to drop your average, then if it goes down some more then you buy some more and so forth. Better to do it based on how much money you are making monthly or weekly or whatever periods you are getting paid.

If you do that, then you could keep on buying bitcoin at whatever price and if it is low then you are getting profits, if you are not doing it at the right time then you are going to keep on losing money. Going all-in at any price would mean that you are missing out on buying lower, otherwise with DCA you are getting it at every price so you always have a chance to make a profit that way and make a quick one as well.

Bitcoin is getting more bearish because it is December as many investors are waiting for December to cash out. If you look at the bitcoin price history for every bullish year you might notice December is the month with the highest bitcoin sell up. During the bitcoin bullish market, many people are investing in bitcoin and wait for December to cash out, this is not something new it is just history repeating itself.

Usually that is the trend going into winter as majority of the investors will book their profit and enjoy their vacation time, but this time around we have institutional investors as well, so anything is possible, they do not take a break like the casual investors do but there will be a time period where they will be booking their profit. It is better to prepare yourself on how the market will perform and expect the market to move in either direction in the coming months.

We can't pinpoint the culprit/s of this seemingly bearish market movement. But if you compare the price even from last year, can you say we are in the bearish mode? I don't think so. Because last year, we ended up below $30k level, so comparing its price today, which is already in the $50k price range again, we can say it is in the bullish mode as compared to last year. So yes, it depends on what time frame you are comparing here. But for me, I just be grateful that we achieve this level where I believe most old time btc holders never imagined that btc will attain this price.

Bitcoin is always affected from the different negative news and the banning of bitcoin in China is one of the reason that affect the bitcoin price, but I believe that soon bitcoin will back to the 60k$ price maybe before year end we will see bitcoin in a new ATH.

Please stop that CHINA BANNING topic because that is not really the reason for the bearishness , yeah at first that took effect but it does not go any longer .
the bearish happens because of the whales as manipulating is what comes here , stop china issue please.

And fear follows to those who are just new to this business.

while early holders cashing out their profits, new investors who bought at the current peak are the one who lose their money, emotion drives them to sell and follow the pressure from this bearish market.

Anything you do while you are inside this environment needs to think carefully before deciding. It's not an easy venture but a continuous market flow that you needed to understand well to work even better.

I don't think so, currently the Bitcoin price is at 50k and tends to be stable with no significant shifts so I think this will be a Bitcoin price point that allows it to last long before a big pump occurs.

it's very true at the moment the Bitcoin market continues to be on a downward trend but I think it's not reaching 40k but being at 45-50k I think it will last a long time. the risk of investing in Bitcoin is indeed very large at this time due to unstable price movements.

I think this is the right time to invest because the price of Bitcoin has started to improve and is currently at 50k. I say that never panic and think about negative things about falling prices because in the crypto market with fast price movements it is very natural, let's wait together because I really believe this bear market will end soon.

The fear of people is so high these days so expect that we can see a downturns at the moment since people cannot see a sustainability since the market move unpredictably. But anyways its still good that we can still see something good price figures even though the market is on bad shape. So let see if we can see how the market end at the first quarter next year since I think we can see the real situation on what will happen at that year.

At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns, to generate maximum profits, negative things that affect bitcoin down are common, but I think this will will improve again when market conditions are normal, at least we should be able to take advantage of this condition.

Those kind of announcements have an effect on the price of bitcoin but their effect is temporary, since this happened months ago then it is a mistake to try to blame the current conditions of the market on something like that, what we are seeing right now is probably the result of the whales manipulating the price as you state or it could be simply the current dynamics of the market of cryptocurrencies, after all we all remember what happened years ago and the crash that happened, and it is possible investors are worried this could happen again and this is decreasing the demand for bitcoin.

I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.

If the plan is for trading, then the present time is good. There is possible chances of making profit out of the regular fluctuation between $45k and $48k. Maybe this can crash or pump, so being prepared for the same and simultaneous involvement into trading brings good money.

If the plan is for long term holding, then having patience for a short term could benefit. The price is predicted to test $40k based on the market conditions.

Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.

Well said, my plan already... We most all watch and play stronger and even more carefully

The news printed by bitcoin news media and the mainstream media only come after the pump or the dump. It is never before the pump or dump occurs. Also, much of the news they publish are clickbait or an altered version of the clickbait.

In any case, the dump might only be another funding reset caused by the whales, similar to what occured on September. I speculate bitcoin’s bubble to burst during the super bowl on February 13 hehehehe.

Yes, the market is recovering from each correction which may not quickly restructure the bullish range due to psychological pressure but in the next 15 days a fresh bitcoin ATH at $70k is not easy  easy but the possibility is much greater if we can achieve and establish a new structure by 2022. Crazy things are only made from bitcoin.  The final outcome of the Fed meeting will be subject to change i guess

Right now the only way for us is to hold bitcoin and hope that the price will rise again towards the start of the new year, besides the current decline we can use to buy bitcoin and add assets to the portfolio we have on the market, for those who believe in bitcoin strong fundamentals, of course what is happening now in the market is a golden opportunity for them to buy cheaply.

I think the major trigger for the bitcoin bearish market this December was the massive sell-up by the investors before the Chrismas Holidays. The cryptocurrency market has a strong momentum before the second and third week of December. Once we entered the second week of the month then the market starts crumbling due to the massive sell-up by the investors, they are just cashing out their books and also making prepares for the next year 2022

maybe there is nothing that triggered this situation instead this is what  we really have to expect, i mean like what those experts says Bitcoin price is valuing above what this must be in this time so this is purely a correction .
Meaning that this is the  legit price of Bitcoin or even lower as it is .
don't get disappointed instead accept this fact because if not then you will end up loser in expecting more than what is the true value of currency .

But what about now? is there another plan as the market continues to show resistance at 49k?

I seems to understand that the trend will be like this in the next couple of months more .

and we will be gaining support again in middle of 2022 or at least last quarter next year.

Hope is there, mate. We should plan our investment so we can enjoy the benefits.

We can't accurately predict what future will bring to our invested money, but it's more on mental skills to keep us holding our assets
or buy more for the best interest when bull start to come back.

Right now, we are all holding and hoping that the current flows will not go for further fall.

Right now price action is not especially negative, its neutral to sideways with a quite slight decline.   We are constricted in range below the weekly average, at some point it must break from that but until price action gains the energy to climb out of this trench the pattern is towards less movement; it is the quiet before the storm imo

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

  I dont presume we must resolve downwards, more likely we must fail to go upwards first before it would move significantly down through support below and through the long term yearly averages.

The best plan is to hold. We never know when a market tendency is going to change, so we must be prepared for that all the time.

And we have to be even more careful about our holdings, because there is a constant pressure from the market and from the news to make us sell everything. That is a big mistake whales want us to commit, so they can buy our coins cheaper and pump bitcoin price right after.

I definitely agree that the hope is definitely there. I am not sure if it will be there forever but for now I can see bitcoin being a great long term investment and no matter what happens in the short term, it is fine by me. I am hoping that we get to see something a lot more positive in the near future, it may not be great for a small period of time but eventually it will get better.

Even if we can't predict the near future, the very long term looks quite bullish because bitcoin is so much hedged against fiat that we all know fiat loses value which makes bitcoin be more valuable. Put the fact that more and more people run away from fiat and buy crypto because it is a better alternative, that makes the price go up even more. This is why I am hoping that we would end up with 100k+ in 2022, can't say if we will, but that is my aim for this year.

OP's TA actually turned out to be quite accurate.

The reason is really mainly due to the halving cycle in my opinion. Prices tend to be extremely bullish in the 1-2 years proceeding a halving, and the bear market kicks in around 2+ years afterwards.

Right now we are on the verge of that bear market timing, and you just have to be prepared for it.

Yes, I just we have to accept the fact now that no way that we are going to that 6 digits.

It was promoted that this could happen at the end of the year with S2F prediction modelling. But I guess it didn't take into account the covid-19 variant that will grip us in the last week of December taking down all the financial market globally.

So now bearish is here and all we do right now is to prepare for the worst again.

In the past month, bitcoin and altcoins have experienced very deep price declines in the 10%-15% range. However, bitcoin became the worst hit, its price corrected violently in the past month, sinking 15%. The weakening of prices occurred due to negative sentiment from China and the FED. Therefore, I see the current decline in the price of bitcoin as possible to drop to the $40k level at least at the beginning of this year.

I think that mainly, it has to do with halving.

The bull market usually peaks 1 year after the halving and right now it's just around 1.5 years, which is on the tail end of the bull market.

So it's no surprise that money is rotating out of cryptos right now, especially after the crazy year that we've had last year with the runup in both retail and institutional investment into BTC.

There are many factors that cause the price of bitcoin to drop today, one of which is the FED policy that occurred some time ago, with the FED policy many investors or bitcoin holders have released their bitcoins and have switched back to holding the US dollar which is now considered to be stronger, the decline in bitcoin what happened might not be as bad as what happened in 2018 in my opinion, so that when the correction occurs again it is likely that we will see bitcoin rebound and rise to higher prices, I think sentiment from china does not have much effect on bitcoin this year, because some of the Chinese companies are starting to adopt and develop digital money, as seen in the news circulating recently on twitter.

https://twitter.com/BlockBeatsChina/status/1478213772288622595?s=20

We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.

FED regulation shouldn't have much impact on holders' decisions to sell bitcoin at low prices. I really can't believe holders actually want to sell their bitcoin just because of FED regulation, I don't think that's right. Big investors have made bitcoin one of the hedging assets that they believe is safe for them, so if they like USD as a hedge then I don't think investors will ever invest in bitcoin.

Moreover, China's crypto ban will not be something that Investors will consider in 2022 (very likely) because you must have seen the evidence that China's FUD really can't lower bitcoin price in 2021. After China banned crypto, so bitcoin ATH happened and it happened in November. So it is a fact that the ban no longer has a major impact on the market.

I would say it is once again temporary. People are acting as if this is something new and there has been nothing like this before, but the reality is that we have seen these kinds of things before and we just need to find something that soothes us right now. I feel like the amount of times we went low like this is countless and then we recovered from each time.

If you want to be worried about price dropping, never get scared of those 15% drops, those are regular stuff in crypto and it is just the price going up and down due to traders. The real threat to bitcoin price is that sometimes it goes up to a level that is super high but then suddenly it has a crash. That crash is like 30%+ in a single day and maybe even 50%+ in under a week. Those type of stuff are the real scary things and nobody can predict when they will happen, so we always get caught off guard.

There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

bitfinex
https://www.tradingview.com/symbols/BTCUSDSHORTS/

The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter.
this season? it might be this but back in december when op created this thread?

This is the one, I reckon. The data for FTX, Bitfinex and Binance cannot be seen in the free version, however.

https://www.tradinglite.com/

In any case, Sam Trabucco has made a tweet that he is on vacation hehe. He is implying that he is not the FTX whale who is dumping on bitcoin.

https://i.ibb.co/Nm0NCpr/FFC8-D85-C-2-B7-B-44-F9-B45-A-3459-F0-C0-C7-EC.jpg
Sam Trabucco, Alameda Research CEO

folks I’ve been on vacation for weeks, your aggression is mis-targeted (though the market’s dark cloud has also overtaken this vineyard)

Source https://mobile.twitter.com/alamedatrabucco/status/1478854061050847232?s=12



Do you trust Sam Trabucco? If he is telling the truth, it might be the other FTX whale who is dumping on bitcoin. The other Sam hehe.

https://i.ibb.co/TrwmCdM/66046-EA0-DC04-4-F04-BE26-D9-A878-C1834-E.png
the other Sam

The bull market is slowly fading and the bear market is going to take over now.

If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.

Right, I guess we are really in a bear market now.


We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

Now i can see that bitcoin has started to make a rebound and seen above $37k. But there is no guarantee yet that it will not fall again especially that the market tends to be more volatile when there is bearish season. Just like prices could rebound, but there is no guarantees still.

However, now that we see that bitcoin is recovering, its even more ideal to buy and hold, but don't forget its also important that you are open for bitcoin price to fall as crypto remains to be a speculative investment.

There are many reason's and factors that affect the market, we have to be more careful when deciding on our investment,

The short rise gives hope and traders who are eyeing for small but short trades are okay with these benefits,
if you are a long-term holder, this is a good position to take almost a half from the last time ATH.

Might take some time, but if the market start to show strong bull, the profits are surely decent after, just need
to have a proper plans to avoid losing a lot.

it hasn't broken the support zone yet to continue the bearish move so for now revolves around $36k we are not sure of a more bearish move for now until we see a major breakout and a confirmation candle formed before the breakout. February is always a range market where price neither goes up nor down and until a breakout is seen its inconclusive to make a trading decision now

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

how soon? I think 1 year is not enough based on the trend, so it's safe to assume that we will not see a new ATH this year and the market will be bearish. When bitcoin pumped to over $40k, some investors think that the correction is over and we are heading to a bull market, but it's not easy as that, until now the price is still struggling and until we get back to $60k, I don't think we will have a bull run this year.

The current price movement, I can sense that we are going back below $40k again.

That Bitcoin's price will drop below $40k is almost certain. It is also very likely that we will see the $35k level soon. However, I think a long lasting bear market is very unlikely. Many people suggest that the 2018 decline will repeat itself and the price of Bitcoin will drop by 80% - 90%, but in my opinion it will not happen. In recent years, the number of cryptocurrency users has increased enormously, which will cause the price chart to flatten and the violatily will be smaller and less sharp. I believe that the downward trend will change in a few weeks and we will have new ATH this year.

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred.   At these levels BTC is under pressure and we are not so far arresting the pullback with any buying.  It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

Down to $40k levels again, so another retest which for me is not good. Although we still have the situation in Europe that is causing this downside,  the bulls wasn't able to hold the $42k so obviously the collapse and retest. And just to be fair though, again, just prove that the market has some correlation as Germany and other stock exchange in Euro has open up their trading with a negatives. So short term the market will be bearish.

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.
[/quote]

Yes, just based on the history of bitcoin, the bearish market will usually follow after the new ATH is hit, that's what we called as a correction and we should not consider it as a bad thing as it only strengthens the market. it's only bad for those who do not understand the nature of crypto because they always think of an uptrend and most likely they fail the sell their assets during the bull run due to greediness or panic due to the huge dump they are witnessing.

We have seen a bearish pattern at the end of 2021 until now, where bitcoin is still stagnant at a price of $40k-$45k, we can actually use this to buy bitcoin, but don't think about releasing it in the near future, conditions like this will again affect bitcoin in the month next, just need to wait for a complete recovery, then we use it to sell, I think the right time to collect bitcoin is now

We kind of had a break already when US jobs took everyone by surprise. And when the Fed didn't raise rates (everyone and his mom has been expecting hikes for a while, just a lot of unexpected good news delaying them pulling the trigger) we got another reprieve.

But that's coming. And the pain of discovery at post-pandemic shittiness is coming.

So I still think a few more surprises are around the corner. Better be. Bitcoin needs to have some leeway for when the pain comes.

I would assume that the "recovery" right now doesn't seem like a long term deal. I mean the numbers are looking like everything is alright, but we all know it is not and regular citizens are seeing why it is not. Which means that the general economy could be looking better because Jeff Bezos' and Elon Musks of this world could be making a lot more money, but regular people do not.

Plus that 300+ billion richest man of the world period is over, market crashed very hard as well from those days. All in all I would assume that we are going to live a very painful future and we wouldn't have to wait for it too long. It is going to take a while but not too long.

You should have bought a lot of bitcoin early last year while prices are still cheap and not when the market is already close to its peak. That is one of the reasons why investors mostly fail because they start buying whenever they see the prices turn to its new ATH, not literally thinking that its price will never keep on moving up. However, the market is currently bearish so now is a good time to buy more valuable coins so we can prepare much for the incoming bull season that may take place any time of the year. But because of this present war, we are not sure when will the market will recover, but it will certainly does.

So I guess the market is really in a cycle isn't it? And whatever is happening around the world, the market will go bearish if we are in a bearish year and same with the bullish market.

Remember Covid-19 in 2020? we are in the bullish cycle that year and even though the price really crash, there is no stopping the bullish scenario that time.

Same time right now, we are in a bear cycle, so even if there is no war, I think the market will really drop to at least 50%.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

The opposite should be done, buy when the market is in red and then sell when it's goes green.

Maybe this is just a rookie mistake, or if investors are learning how the market works and most of the time it involves emotions

I mean when the market is red, everyone panics and think that the price will continue to go down hard so they sell. The best thing to do is not to be alarm and what till the market settles down. On the contrary, inside of selling everyone should buy at this scenario.

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

I love people who do FUD, they cause the price to drop, and I buy at those lower levels and then I end up getting richer when the price is higher again. I love them, all the profits I have are all thanks to them.

If you are a smart investor, you know what you should do, and there are millions of people who are terrible at investing. I contribute that to the fact that people do not get finance education at a young age. It is a vitally important thing to put "citizenship" and "finance" into elementary schools.

I know math subject is hard, so finance could be even harder, but I am talking about how the finance world works, and they could learn more about money, jobs, salary, taxes and all of that at a young age. Citizenship is just making sure that everyone knows politicians are workers, they are hired by us, they are not our lords, they are our employees, not many people are aware of that but that is beside the point right now.

Bearish implies a wider judgement or spirit to the move.   All we have done recently is react to various news, overall BTC isnt especially negative or with a bias that is greater then some quite exceptional negative world events.  If we dont have a negative bias, dont call it bearish; BTC is fine mostly be calm :)

That's part of bitcoin being unpredictable.

When the market's up and you're not expecting something bad to occur. There goes the FUD that will be scattered through media just to move the market and shake the weak hands.

And as well as the small holders. Buying the dip is what we usually do but others can't determine if it's the actual dip or not.

Again, FUD is part of the market, it won't be crypto if there is no FUD, so take that into consideration already. And the market seems to be maturing already, gone are the days wherein the FUD tends to sway the price negatively. Bitcoin is a cycle, the bear and bull, last year was a great year for us because the price goes on a new all time high, but it was also the signal that maybe next year, that is this year, that we might see a bearish trend which is what we are witnessing as the price is just on the $40k.

Gone are the days where Bitcoin are being influenced by fud,

There are more institutional investors who are working inside the market now, giving a tough decision making to those
who wanted to manipulate the market.

People/investors who are willing to buy and hold knowing that the cycle will give them a good return once the market
start to pump back and rally high.

As others have said, the more the merrier and this is what is going on with the market right now. With so many players it's hard to manipulate as each individuals are not willing to collude which each other to influence the price. Nevertheless, it's a survival, only those who are wise, when to invest, when to get out and take the profits will win. And then we have those whales and long term holders who are willing to wait obviously and be a HODLer.

Not really. More like long gone are the days when Bitcoin was almost entirely influenced by FUD. That level of speculation combined with a low market cap is what made the gigantic price swings. Nowadays we have a very large market cap so FUD does not really affect the Bitcoin prices as much as it once did but FUD will always be part of the equation. No doubt about that.

But the FUD nowadays is just a good signal to buy some cheap coin while you can.

You need to be smart now because the adoption is different from couple of years ago. Big names, big institutions or even a country is already in this market. So yes, I can say FUD is still there but we have more tangible factors now that are in play in this market. The foundation is getting stronger as bitcoin or crypto in general establishes its position during this pandemic as well as this war situation. If more and more people will educate themselves, this fud will be minimized very soon.

Obvious reason is Correction ,  there are many investors/traders that bought when the price of bitcoin climbing high as the skyrocket happened last year and this made many people interested in putting some money in hope of getting their funds earning at least half of it,
and this happens when November made another ATH so many had sold their coin and  continues to happen till december.
with all of those the price value drops bad until now this end of 1st quarter in the following year.

Fud is being used to lure those lazy investors, people who didn't take time to educate themselves about how the market

works, with fud that circulating around, those weak holders are the first line of
victims, while experienced and wise traders are the benefactors.

Those who deal properly with their homework, studying and researching the right
way, are people who will manage to earn decently.

Of course we do not expect the price of bitcoin to return to its lowest price. However, it is possible that the price of Bitcoin will fall again from the current price and the possibility that the price of bitcoin will drop to the next level around $40,000, $39,000, and $38,000. However, the market may experience a lot of short-term based trading and a lot of volatility and the Relative Strength Index technical indicator is poised to cross into oversold territory.

There is a big difference between reaching 30k levels and reaching 40k levels. I mean we were 38k to 42k just a few weeks ago, we recently broke above 45k and have been doing fine and I respect that. However, we need to realize that it is not really that shocking for any of us that the price could go down to 38k yet it would be a bit shocking if it reaches 30k. Even a war couldn't bring it that down, even the fear of Europe banning mining didn't bring it down.

Basically all the bad possible things happened and bitcoin didn't budge or move, if it happens right now then we would all know that it would be manipulation. If it didn't go down during bad periods, why would it go down out of nowhere, it is nothing but manipulation.