Future bitcoin price is high and low

[STT]

The cycle doesnt normally have one bad year in the middle does it.   Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things.   I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

[Ziskinberg]

The cycle doesnt normally have one bad year in the middle does it.   Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things.   I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

Well, can't just ignore such price declines but I'm hoping that it never goes that worse below $40k.
I speculated the market will make a bullish run next year after a huge correction possible in the 2nd quarter, the same it happens this year. But I consider this as preparation for a long bullish season again and making a new ATH. This is mostly it happens today, after a short dump, strong price uplift come next, that the same story and trend were able to see.

[justdimin]

We're talking about traders, not people in general. You can't call yourself a trader if you're a holder, it's almost exactly the opposite principle. Traders want to close positions as quickly as possible so they put their liquidity to work.

You're asking how we moved from 30k to 67k? From buyers, investors, retail and institutional, who want Bitcoin to own, not to trade.

Not hating on traders at all! Wish I could do it =) Just saying I'm certain most that do are selling (including myself, I use p2p platforms solely for selling, of course I only sell because I earn Bitcoin, so I wouldn't really call myself a trader but there you go).

I would say that even if you are purely a trader, and even a daily trader, I assume that "most" are not shorters if you ask me. I do not have the data to back this up, we need to know how many people bought and sold on the same day to know this, and how many of them were spot, leverage, margin or whatever and I do not have that data so I can't speak with certainty here.

However, I still assume that "most" usually means 50%+ and I doubt that 50%+ in this regard would be shorters. I am not saying that they are not plenty in that part of the world, even if we are talking about purely daily traders, I am sure that they are a lot but not most of the people. They are probably closer to 20-30% instead of 50%+ and that means they are still not most of the traders.

[STT]

Here is a low we should keep if price is to stabilize and/or stop its losses.   We'll see, it might be the results are determined in the wider market by selling there.  Generally people will sell BTC to support assets held elsewhere if need be.   Contraction is normal occurrence most months, I'm just speculating by how far do we pullback and anything above 50k remains setup for a future resumption upwards anyway.


Just a basic possible line of support I noticed going back some days to mid October when we had that bullish action in a row.  First target past that is 57.5k

[btc_angela]

The cycle doesnt normally have one bad year in the middle does it.   Most people expect for a relative period of ascending prices following halvening, that doesnt have to come true its also about dollar and the election or fiscal cycle probably a few other things.   I'd say 2022 is likely going to be neutral at worst, it'll tire out peoples patience perhaps and people get gloomy and start thinking 40k is terrible lol

Well, can't just ignore such price declines but I'm hoping that it never goes that worse below $40k.
I speculated the market will make a bullish run next year after a huge correction possible in the 2nd quarter, the same it happens this year. But I consider this as preparation for a long bullish season again and making a new ATH. This is mostly it happens today, after a short dump, strong price uplift come next, that the same story and trend were able to see.

What can you say though about the current decline? Saw the price goes to $60k from $64k last night? It was one of the worst in recent weeks, not sure what is the reason of such decline, maybe just another profit taking at $64k-$65k or if there is a bad news recently that affected the downturn in 24 hours.

But I also consider this another correction, good for the majority so that they can enter at the dip and then wait for the price to increase again. Maybe this is the break out that we all have been waiting, although it is on the downside, still we can take this as another great opportunity to buy.

[Kemarit]

I'd expect more in the pumps than crashes. Now that adoption has been going strong will it serve as a warrant for the price to spike more, a double of its current prices seems big possible. The more establishments and online sites accept crypto as an alternative payment option, this could even make it so great and still bullish.

Unfortunately, we just have a crash, probably it's because of the Mt. Gox news or again, the China news about banning everything related to crypto including mining. So it went down to as low as $59,000.

Well, that can't be a hundred sure. However, the current situation could give us a positive view of what comes next, Corrections is still existed, even the FUDs but this makes no huge effect as the majority of the holders remain calms.

At least the market holds on it's support levels, maybe the holders remain calm, or the whales has taken this another golden opportunity to buy back cheap and discounted BTC price at $60,000. So let's see how long this correction will take, hopefully by the end of the week, we could be in the $65,000 range again.