Bearish TA

[Q7]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

[tokeweed]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok.  Where do you think the price of bitcoin be when the halving happens? 

[RyNinDaCleM]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok.  Where do you think the price of bitcoin be when the halving happens? 

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

[tokeweed]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok.  Where do you think the price of bitcoin be when the halving happens? 

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

[Q7]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok.  Where do you think the price of bitcoin be when the halving happens? 

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

Well, we can continue to speculate and in the end come up with nothing. I don't want to put any number here but as long as it stays that way until the halving and then after that continue to climb, that is good enough for me. I wouldn't be really bothered if it drops too low, so long as there is something to look forward to.

[Fabrizio89]

Everything on higher timeframes is pretty fucked up, every pump required the same strenght to reach lower highs, technically the bear trend is still intact. We need a huge influx of new bagholders for it to end.

[inca]

Everything on higher timeframes is pretty fucked up, every pump required the same strenght to reach lower highs, technically the bear trend is still intact. We need a huge influx of new bagholders for it to end.

Why do you say that? The exponential trend line will be about 280 by June. We came within 30 dollars of breaking the trend two weeks ago. Not sure why people expect new users to be buying in a frenzy at the end of a bear market. New users are attracted by bitcoin newsflow about rising prices, no?

The trend will break when whales want it to.

[Amph]

It's definitely on the downtrend right now but with bitcoin, anything is still possible. It might not make a lot of difference given the current scenario with supply still outweighs demand mainly because the infrastructure and adoption rate wasn't catching up as fast as we thought it was. Nevertheless, what matter most is when the halving took place next year which should signal a change in direction.

Ok.  Where do you think the price of bitcoin be when the halving happens? 

Price would do just fine where it is now. We are obviously out mining (non-speculative) demand so it may give a near perfect balance. Of course, if some seriously good shit happens before then, it's entirely possible to double price. That's what you wanted to hear, right?

But what if BTC stablizes around 150 when the halving happens?

look at the positive thing, less hashrate/less diff, more opportunity for many people in the world to join the mining experience

and at that price it would be a great chance to buy in a big chunks, bear market by then should be k.o.