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The recent decline in the price of Bitcoin has continued. In fact, the price of Bitcoin has fallen sharply to drop to as low as $33k in the last few days. Therefore, I predict the market will continue to move sideways with a depressing tendency in the next few weeks. However, currently, Bitcoin's strongest support level is at $38k. However, if the level cannot be sustained, it is possible that the price of Bitcoin could fall even deeper and maybe even touch the $30k price level.
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One of the reasons people panic is because of fear and greed. many people feel afraid and greedy when the price of bitcoin moves up after a long time of no meaningful movement. When the price of bitcoin begins to touch its peak, many people want to make a profit by selling their bitcoins. The price that moves down causes people to be afraid, so more and more people are selling bitcoin again for fear of experiencing big losses.
Panicking is normal since we are just humans but once we do gain up sufficient experience then we might get used to it and instead on getting afraid you would rather be prepared or do know on what you are doing since you had experienced it back in the past.Mistakes like these specially in panic sell is talking about emotion and if this is your first time then its understandable but you would learn it later on. Once you do gain experience then you wouldnt be easily get affected by this but not all the times because there are instances or situations which would really be put up on a hard situation in terms of making a choice. Right. I agree with you. sometimes we find it difficult to make a choice when we see the crypto market experiencing the deepest crash that makes someone panic. But if you've already gained experience, then we avoid checking our own investments when the crypto market is volatile. Because this can trigger the emergence of temporary emotions that lead to wrong decision-making. For example, making a purchase or sale at the wrong time. Therefore, when the crypto market is falling, keep doing technical analysis by looking at short and long-term trends through price charts so that can determine the right time to sell and not get carried away by FUD and FOMO. |
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In the first week of 2022 until now, we saw a bear market happening where the price of bitcoin and altcoins experienced a very deep decline in price. However, entering the third week of January 2022, the crypto market shows the potential to improve. I see the bear market is coming to an end. If the bitcoin price doesn't drop any further from the current price, I believe bitcoin will consolidate in the near term, thus potentially rebounding and bullish.
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Indeed, at the beginning of this year bitcoin and altcoin prices were hit by negative issues that made the price plummet even bitcoin experienced the deepest price decline until it fell to the level of $ 33k a few days ago. I think, in the next few months the price of bitcoin will recover and there will be another increase. Well, while the price of bitcoin is going down, investors should be able to take advantage of this momentum. After buying, then storing, and selling when prices rise or break through their highest levels like in 2021 ago, where the price of bitcoin had broken through an all-time high of $68k in November 2021.
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Predicting the price of bitcoin is not easy, and it is possible that predictions of bitcoin prices reaching $100k will come true in the future, and may be a rational reason to speculate about bitcoin now. But that's not a prediction that actually happened at this time because bitcoin is still experiencing a very sharp decline in price. Predicting the bitcoin price to hit $100k could come true if the adoption or acceptance of bitcoin continues going forward.
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In my opinion, the recent bitcoin price correction in the market is a possible phenomenon. However, this does not mean that bitcoin will collapse. Granted, bitcoin's performance last year is no guarantee it will be the same in the future, but that's what bullish investors tend to hold on to when they advocate for long-term Bitcoin holdings. A drop of more than 30% from a month's high is certainly undermining Bitcoin's prospects going forward. but I see, in the future bitcoin will be more mature and the bitcoin market will be bullish again.
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I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.
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Seeing the decline in prices in the last month and a half, maybe some people are afraid. not to mention the unusually long period of negative market sentiment. Therefore, I think, people can stay in fear mode for the next month or two, as Bitcoin price usually moves sideways before a decisive up or down move.
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As the rate of inflation rise all over the world, Bitcoin is seen as the hedge over inflation which is why so many analyses predicted $70,000 Bitcoin price in 2021 which was achieved as Bitcoin made an all-time price of above $70000 and the deflationary forces that faced the top commodities and exchange globally forced Bitcoin price to drop back to its present price. This has led me to say that 2022 Bitcoin is going to cross the $100,000 bitcoin price predictions.
If you are feeling very optimistic about the Bitcoin Bullish price passing $100k in 2022, you even mentioned the bitcoin price hitting $150,000. Of course, your opinion must be studied with rational logic, especially now that it has entered 2022, but the price of bitcoin is still decreasing, so that we don't get stuck in unrealistic numbers and stay alert in the face of bitcoin price movements. |
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One of the reasons people panic is because of fear and greed. many people feel afraid and greedy when the price of bitcoin moves up after a long time of no meaningful movement. When the price of bitcoin begins to touch its peak, many people want to make a profit by selling their bitcoins. The price that moves down causes people to be afraid, so more and more people are selling bitcoin again for fear of experiencing big losses.
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In my opinion, bitcoin price will not reach $100k in Q1 2022. Entering early 2022 bitcoin again formed a lower high with a support area that could not be broken down. With the current conditions, it is not surprising that bitcoin will continue to experience correction towards the trendline support, in the range of $45k-$48k until February 2022.
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After closing 2021 the bitcoin price is at $47,000, well below bullish expectations, Bitcoin price is yet to see any signs of picking up. Especially in the first week of 2022, the bitcoin price is still below $50,000. But I see in 2022 the price of bitcoin could be bullish again at least in Q1 2022.
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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.
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-snip-
My question, do you plan to sell your Bitcoin this year or not? If you don't want to sell your Bitcoin in the near future, you don't need to think about the increase or decrease in Bitcoin price. People are worried about the Bitcoin price dropping because they want to sell their Bitcoin in this bullrun. But selling Bitcoin isn't a must, you can continue keeping your Bitcoin if you want. Of course I don't plan to sell bitcoin this year because the bitcoin price is still experiencing a big correction. Thinking about the increase or decrease in the price of bitcoin does not necessarily mean that someone has to sell bitcoins. But we also have to be able to analyze price movements as a reference for us in making decisions when it is the right time to buy and sell in order to make a profit. |
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In my opinion, bitcoin has previously reached ATH $69k so far this year, but currently the price of bitcoin is dropping lower than that price level when the price correction was very deep of late. So far there has not been too much pump action, therefore, it is possible that in Q1 2022 the market is still in the accumulation stage, so maybe the bitcoin price will still be sideways with a correction tendency.
For me, if bitcoin will continue to dump its price until the last days of december, then maybe by the first quarter of 2022 we will still be seeing a correction that will continue to dump the market. Or maybe that will be the start of bitcoin recovery after a months' correction and by that time, bitcoin is expected to reach new all time highs before we can conclude that bearish season will start to be happening in the market. With all these predictions, there are still no guarantees what will be the real scenario by then. We'll only know once we get there. The current downward trend in bitcoin prices is not the first time that has happened after printing ATH. It is advisable that the current downward trend in Bitcoin prices can be used as an opportunity for investors to buy at low prices and hold them. |
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I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
When the market is in a bearish phase as it is today, you can short sell to make a profit or to protect your asset from a weakening price. however, short selling in the futures market certainly carries a very high risk. So, technical analysis is needed and precise to project where the bitcoin price will move in the future. It needs a deeper understanding with the current market, if you will do some short trade make sure that you are willing to let go and risk your investment, some of those experienced traders are also working with different strategy, they are good in anticipating and use it as good advantage when dealing inside the exchange. Adjusting if the market is not favoring your position is very important, having different system to continue working even the bearish condition still ongoing. I think seeing the condition of the very deep decline in the price of bitcoin in the last month, bitcoin is indeed in a bearish phase. However, for now, no one knows when this bearish phase will end and Bitcoin will bounce back. Therefore, in the midst of the current market conditions that are experiencing price declines, it is better not to try trading or investing in the short term, we should not go against the currents in the current market. Wait until market conditions stabilize. |
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Bitcoin price is still in a downward trend in price. Since the last month it seems that it has not been a good period for Bitcoin. Until now the price of bitcoin continues to be under pressure. although the price of bitcoin had broken through the $50k price level again last week, it didn't last long. even now the price of bitcoin is still declining at the level of $46k-$48k.
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More than the last few weeks the price of bitcoin is still experiencing a deep price correction, market sentiment is still negative.
Although the current bear market is not over yet, I see the potential for a bitcoin bullish breakout to still occur. therefore, if the bull market starts later, bitcoin will set a new ATH record at $70k-up to $85k in 2022.
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In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.
But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price. Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year. |
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Entering the end of 2021 the price of bitcoin is still experiencing a significant decline where the price is at the level of $56k, even dropping into the red area in the last few weeks.
True. In the last few weeks, we can see that Bitcoin continued decreasing quite significantly. Today, Bitcoin price already dropped around $52k, this is not a good sign for Bitcoin holders. If Bitcoin price continues to freefall below $50k, I am worried that most Bitcoin holders to lose their confidence waiting for the next pump. Finally, they will sell their Bitcoins and dump the prices instantly. In my humble opinion, this scenario seems possible to happen if most people are no longer trusting in the dream of $100k of BTC price this year. Some people panic when the price of bitcoin falls freely, they even think the price crash like 2018 will return. But if people have been in crypto for a long time, they should never panic when they see the price of bitcoin in free fall because bitcoin has proven time and time again that it can overcome new obstacles. Even after the massive decline the price of bitcoin continued to rise to create a record ATH. therefore, the bitcoin price will soon go further ahead. |
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