Bitcoin is bearish trend now.

[The Cryptovator]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

[1715150063]

1715150063

[vidivici]

I'm afraid the bitcoin price will not go up as high as last year, because there are a lot of factors that can cause bitcoin prices will not be high anymore. One of the factors is the popularity of Ethereum, ethereum is currently quite popular and the amount of transaction activity per day has beaten bitcoin.

[gabmen]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

I won't really say it's bearish. Probably we're still in between. The drop isn't something to be concerned about right now since we're pretty much seesawing around 8.5k. And bitcoin has been moving slowly this year as well.

[Pursuer]

I disagree. you can't call this any trend because it is not moving at all. what happened was that price fell below $9k in one big move and then nothing happened ever since that  day.
a bearish trend is when price is going down without much of a stop and it won't just happen in one or two days. in other words if price fell below $9k then went lower to reach $8k and then continue to drop below $8k and slowly decrease that would have been a bearish trend. do you see that happening? obviously not.

[exstasie]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

If bulls can break $9,000 and hold above on pullback, it'll look bullish. That's a major level from S/R perspective (in fact, it was my stop loss for that reason).

I disagree. you can't call this any trend because it is not moving at all. what happened was that price fell below $9k in one big move and then nothing happened ever since that  day.

Technically, we're still in a downtrend from the $20K high, at least in terms of Dow theory. We need to break the series of lower highs, so that means breaking above $10,000. I'm still partial to the $14,000-$16,000 bull trap idea. But I won't be convinced until we make a higher high.

[Denker]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Of course we are still bearish. And to see a massive shift in sentiment, we need to break at least 12k in my opinion.
And no we won't be bullish if we cross 8900. Do you know how technical analysis works? Do you know what a trend reversal is and what is needed for that to happen? I recommend to study the basics again.
What could be seen as a bullish sign is that the sell offs are getting weaker and weaker with each wave (daily chart). Therefore it is possible that most of the weak hands are already out.

[peter0425]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

We are really not out of the woods yet. Although the price seems recovering from the last bottom of around $6K, and we hit almost $10K, the market drops again. So I don't know if we can trust those TA again, as it doesn't seems to be very applicable in this kind of market. So let's wait and see if we can get over the $8900 mark as you have predicted, or its going to be a repeat and the price goes below $8K. Because I doubt that even if we get to $10K, we can still see price goes down rapidly, I think for me if we go double the last bottom of $6500 and goes to $13K then chances are, the bullish sentiments is really over. For now its still waiting game for all of us.

[1Referee]

Consolidation isn't bearish. It's pointless to focus on what happens if we break this or that level, because it just isn't enough to break the $10,000 level, regardless of whatever empty TA theories people come up with. All this bull and bear talk is utter nonsense. Just let the market move in its own pace and we'll see what happens after that. Fact of the matter is that nothing justifies the market to jump over the $10,000 level right now, and the lowest range of Bitcoin's 'utility value' in my opinion is well under $8000 still.

It's purely a 50/50 shot right now in terms of seeing the market break out of its consolidation range. I personally wouldn't mind seeing the price hover around current levels for a few more months, but I don't think the action obsessed market can handle that. Either way, as long as we keep setting higher bottoms we are all fine, and thus far it definitely seems like we are progressing nicely in that field.

[harizen]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Today's Open was $8,395.23
Today's High was $8,405.18
Today's Low was $8,260.78

Almost just an identical movement yesterday and on the other day with a within a small range. Just because we can't see such actions today we can now considered it as bearish trend. A bearish trend is a continous movement and yet this current movement we are seeing today is just like a roller coaster movement.

I suggest to just sit back and have a coffee somewhere while waiting for your target desired price.

[exstasie]

Consolidation isn't bearish.

From a TA perspective, it depends what the larger trend is. Sideways following a trend usually means continuation. Nothing is a sure thing; BTC in particular loves to break upward from "bearish" wedges and such. So don't get me wrong. But trading is about recognizing setups based on probability, less about crystal balls. Traders will always be wrong a lot of the time. It's all about managing the risk and letting your winners run when the trend is strong.

It's pointless to focus on what happens if we break this or that level, because it just isn't enough to break the $10,000 level, regardless of whatever empty TA theories people come up with. All this bull and bear talk is utter nonsense. Just let the market move in its own pace and we'll see what happens after that.

If it were all nonsense, traders couldn't make a living.

Sounds like an investor (vs. trader) mindset. Nothing wrong with that. But I've done well trading the TA over the years.

Either way, as long as we keep setting higher bottoms we are all fine, and thus far it definitely seems like we are progressing nicely in that field.

Let me introduce you to the symmetrical triangle. Higher lows, but lower highs, until the range breaks. I'm actually not betting on this, but it's good to keep in mind the different possibilities:

[1Referee]

@exstasie, I just knew that you would jump on it.

I like your neutral and fair counter reaction, and it does makes sense. If I wasn't out of sMerit I would have given you a few.

I'm not ruling out that traders can't make a profit out of the market based on that, and I am happy for you that you managed to successfully trade your way up with it, but those who do are part of a minority. It's the majority (those who don't actually manage to benefit) that keeps flooding the internet with all these analysis and projections not leading to anything. My earlier post was mostly directed towards that majority group.

[magneto]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Imho, even if bitcoin crosses $8.9k, it wouln't convince me that we're in a bullish trend.

We have seen that the $10k level is extremely strong as resistance. That is probably not going to change as fact any time soon. It honestly depends when we cross that $8.9k level, if it's after months of consolidation, and bitcoin made its way up from a new bottom, then it could have a high likelihood of the start of the recovery towards the next bull market. However, if it's just a bounce from the $8k level, it's probably temporary.

But right now, bitcoin is quite bearish, or at least I don't see any major upward momentum that is going to come until nearing the end of this quarter of the year. We could go down to even test the $6k support, during this correction.

[bozo333]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

I don't know who said this price prediction because bitcoin future possibilities is still undetermined so no one judge the bitcoin hype. Last week this reach more than 9k USD but suddenly it was continuously down in the market. The main reason of price fluctuation is defined by supply and demand it will pump again so we must wait one more month.

[davis196]

I would call it a "silent" trend.It looks like all the "bulls" and "bears" are somewhere else and they are focused on pumping&dumping altcoins.The bitcoin market is sleeping,and nobody wants to awake the monster called "panic selling".The btc price crash will happen during the summer,so just HODL and wait for the perfect time to buy.

[Febo]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Since I am not  daytrader I personally dont question myself till what price Bitcoin will decrease, but until when. Only time is that makes me curious. Will bearish trend stop this year or will it stay till next year.   For sure it will not last till 2020. Probably in 2020 we will get new bubble.

[Theb]

Ever since Bitcoin rejected to go above 10,000$ in our recent attempt where we got high as 9,930$ we are on a bearish trend. Although for a quite some time during the late rally when we reached 9,400$ we are on a bullish trend but the bears are really stronger as of the moment. But with the recent bounce from 7,900$ we are seeing that Bulls are fighting to go and try to have a reversal also in the latest 4 hour chart you will see that there was a rejection on the MACD on Bitcoin having a bearish divergence crossover which is important to see who is in control of the situation.

[electronicash]

it could actually break out to bull trend after we seesaw who knows maybe finally a big news will come. there is just so much going these days its confusing for investors who are just relying on fundamental strategies by following crypto news. the tweets of the team who develops my fav coins are something that would help me decide whether to sell or not.

[fabiorem]

Its a multi-year bear market. It started in December 2017 and will last until May 2019.

[richardsNY]

Its a multi-year bear market. It started in December 2017 and will last until May 2019.

Yes, especially because you say so. 

I am not really into bearish talk, but the market is constantly moving within lower ranges, where each time it becomes more difficult to set lower highs. The failed $10,000 attempt while we were extremely close, once again points that out we might be hovering around current levels for a longer while. For now $8000 seems to be holding nicely, but without anything changing I can see an adjustment to $7500, where everything will repeat and potentially adjust to $7000 to hopefully find a new bottom. The main point of importance is that the general market isn't really interested in buying unless we fall back to $7000 and below. I can perfectly understand that because my buying target is below the $7000 level as well....

[el kaka22]

I'm afraid the bitcoin price will not go up as high as last year, because there are a lot of factors that can cause bitcoin prices will not be high anymore. One of the factors is the popularity of Ethereum, ethereum is currently quite popular and the amount of transaction activity per day has beaten bitcoin.

Well, nothing should be expected that much now and from the way things are in the market, the gospel through is that there is a huge mixed feeling. If you look at the weekly chart, it looks bullish, the daily chart is forming a higher low somehow until further notice, and the lower time frame, the market is filled with a lot of indecision. Nothing is actually certain and going way above $8900 still does not guarantee any bull sign as that is not even going to be a huge resistance to be more wary of anyway.

[BitHodler]

it could actually break out to bull trend after we seesaw who knows maybe finally a big news will come.

I honestly can't think of any news being able to motivate the market to move up beyond its current major resistance levels. If the market makes a big move up, it will be completely unexpected that can't be linked to anything.

Currently we're approaching the $8000 mark again, so let's see if we can bounce back up like how we did it a few days ago. I am not that deeply involved in TA, but the charts don't look good if it drops below the $7800 mark.

It's great obviously if you plan to buy the dip like me, but it's not going to help when it comes to the overall sentiment that will dip alongside the price. It may even result in a situation where sub $7000 prices will return.

[blockman]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

[rickadone]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Even the crossing of the $8900 resistance does not make it totally bullish as that is just one step to testing a very huge resistance which is in the $9200 region and that would make us really know if we are really on the verge of trying to hit the $10k resistance and breaking it or not.

It is pretty hard to predict the market anyway but just as you have said, we are sure still in a downtrend with nothing serious to expect with the way the market is going now. No trend is permanent everywhere. Bearish moments will not last for long as new investors who are all always looking for cheaper prices to enter will make use of this "another opportunity" for sure.

[Pursuer]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

$9900 was not a bullish trend, I also agree with that. but it was not a bearish trend either. it was an unclear trend with a tendency to turn into a bull market but it failed. I don't call it bearish because there was a very nice upward movement shaping up after all the drops and it lasted long enough, it was not just a couple of days of rise, it was weeks. and also the general opinion was positive.
but the unexpected dumps came and ruined the trend and brought back the bear market that existed before.

[rizkyhiw]

it seems that the price will return slightly down at the end of these weeks, the bearish trend continues to overshadow the price, the current price declined a few percent and inhabits the figure $ 7,982.
the market should continue to pump prices, so that resistance above $ 8000 can be made again and the price can move on up again as before.

[lablab03]

 Yes but i it's just a temporary bearish of the market which is maybe it's just a corrections of the price before it surge or continue to grow. Because to be honest there is no negative news as of now. Which is in my view as well its just a normal correction and surely before the end of month it will surge again.

[barota]

People who bought btc at under 7000 for sure they will sell now Maybe they are controlling prices
They can drop prices below 4000
The loser is the one who hold

[tomahawk9]

it could actually break out to bull trend after we seesaw who knows maybe finally a big news will come. there is just so much going these days its confusing for investors who are just relying on fundamental strategies by following crypto news. the tweets of the team who develops my fav coins are something that would help me decide whether to sell or not.

I don't think we can rely on the news nowadays since, as far as I know, there isn't anything exciting coming up that can make the price shoot up. And I think we're gonna need a little bit more than just news to get rid of the bearish sentiment and begin an uptrend that can last long enough to trigger a new Bitcoin rally (or a bull run like you said).

[Bardman]

I'm just waiting for a weekly higher low: https://gyazo.com/721952145419b360927ae46bdfdad7e9

We are in a tightening pattern weekly and it could break in a few weeks and I think it's going to determine whether we enter a bull trend the rest of the year or a bear one. This combined with the upcoming regulations in late June or July from the g20 meeting will pretty much seal the fate of bitcoin for 2018.

[richardsNY]

I am not that deeply involved in TA, but the charts don't look good if it drops below the $7800 mark.

It's great obviously if you plan to buy the dip like me, but it's not going to help when it comes to the overall sentiment that will dip alongside the price. It may even result in a situation where sub $7000 prices will return.

It indeed went down (still going down as we speak) a notch after dipping under $7800 and the end isn't in sight yet. It's starting to get somewhat tempting to prepare some buys, but I will stick to my initial plan and wait for very low $7000's and below. I think the chances are on the higher side that we'll reach there in the coming days. As always, when the market thinks we'll be going up due to institutions entering and whatnot, and nothing is happening, then an opposite move of the market is likely, and it happened. I'm not going to guess where I think the price will bottom at (because it's pointless anyway) but I will appreciate anything under the $7000 level.

[Samarkand]

I suspect that there is a floor around the current average
cost of mining a single Bitcoin. Sure, the price might drop below
the average cost of mining a BTC for a while and some miners
may have to close their operations, but long-term the miners
(and other parties) are heavily incentivized to keep the price
above these levels.

The actual amount of BTC that is traded on the exchanges is still negligible and
not much capital inflows are needed to prop up the price.

We won´t see levels below 6k or even below 7k per BTC for a prolonged period
of time.

[blockman]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

When it reached $9,900 it was still on a bearish trend. Don't assume that once it reached $8,900 it will be on a bullish trend. It's easy to say and speculate but we don't hold the flow of the market. Just to be sure, don't expect and hope that much and if you are riding the trend just buy up to this type because it might go on a bullish anytime as we are not expecting it to come.

$9900 was not a bullish trend, I also agree with that. but it was not a bearish trend either. it was an unclear trend with a tendency to turn into a bull market but it failed. I don't call it bearish because there was a very nice upward movement shaping up after all the drops and it lasted long enough, it was not just a couple of days of rise, it was weeks. and also the general opinion was positive.
but the unexpected dumps came and ruined the trend and brought back the bear market that existed before.

I guess we're totally back to bearish, we've seen again the $7,300 border.

These unexpected dumps by the whales are irritating mostly the small type holders, the market hasn't fully back as we are expecting. I'm not disappointed but this makes me feel bad for this day. 

[superving]

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?

[Kylapoiss]

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?

Yes, sell all your coins, it is over.

[Ararbermas]

In my view this is not a bearish trend 'cause for me the reason why the value of bitcoin is decreasing gradually until now it is because of the panick selling. which is because of negative doubts after the manipulation, some holders dump as well to protect their money (which is weak hands). That's why more holders nowadays become crazy on this circumstances and always saying bearish bearish we are on bearish trend sell!!  sell!!  LoL without strong evidence,  just a doubts! and predictions from those people who are claiming their selves as an expert.  .wow

[gabmen]

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?

Yes, sell all your coins, it is over.

Lol. Yeah sell everything and there are a lot of us who'd wholeheartedly pick up the scraps from your bargain selling lol. Can't handle the pressure can we? :p

[Oceat]

I'm afraid the bitcoin price will not go up as high as last year, because there are a lot of factors that can cause bitcoin prices will not be high anymore. One of the factors is the popularity of Ethereum, ethereum is currently quite popular and the amount of transaction activity per day has beaten bitcoin.

You think so? Well, it is due to the fact that most of the altcoins are erc20 which is compatible to Ethereum wallet or myetherwallet(MEW). Most of the transactions of altcoins are happening in MEW compared to Bitcoin which is different but despite of that both have their own advantage and disadvantages.
Bitcoin might be in a bearish trend now but it is just trying to come back into its normal state before.

[Slow death]

But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

whenever the price falls I see the despair of many people. with the regulations is more difficult to know if the price can even rise.

If this bearish trend continues until next week we might see bitcoin @4000$ again.  Its so alarming  why bitcoin is decreasing so fast, is this the end of crypto?

How so the end? the price falls and rises and this is normal. you must have patience and have positive thinking and why the hell did you think about $ 4000?

People who bought btc at under 7000 for sure they will sell now Maybe they are controlling prices
They can drop prices below 4000

why?

The loser is the one who hold

This is not true and time has proven it.

[batang_bitcoin]

If this bearish trend continues until next week we might see bitcoin @4000$ again.

I think you should sell now before you not "we" see $4,000. We'll never see $4,000 again.

Its so alarming 

Most of us here aren't alarmed so it might be new in your hear when you heard bitcoin will fell off $4,000 again?

why bitcoin is decreasing so fast,

Not really decreasing so fast, it was down with $1,000 unlike before that it moved up with a $1,000 - $4,000 and higher gain so why the price that time increased so fast?

is this the end of crypto?

I really think you need to start selling.

[Bardman]

If this bearish trend continues until next week we might see bitcoin @4000$ again.

I think you should sell now before you not "we" see $4,000. We'll never see $4,000 again.

Its so alarming 

Most of us here aren't alarmed so it might be new in your hear when you heard bitcoin will fell off $4,000 again?

why bitcoin is decreasing so fast,

Not really decreasing so fast, it was down with $1,000 unlike before that it moved up with a $1,000 - $4,000 and higher gain so why the price that time increased so fast?

is this the end of crypto?

I really think you need to start selling.

I mean right now, 4000$ doesn't seem like an option but always remember FUD and bad news can change that very quickly, I personally think this time we are going to see a higher low, around 7k and just bounce from there and test 10k again.

[Zach707]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

The bearish trend now is maybe cause by manipulators who want to gain profit of bitcoin. I think one of the modus manipulators are doing is spoofing, entering orders and later cancelling that orders in an attempt to shift the valuation of an asset.

[batang_bitcoin]

I mean right now, 4000$ doesn't seem like an option but always remember FUD and bad news can change that very quickly, I personally think this time we are going to see a higher low, around 7k and just bounce from there and test 10k again.

If bitcoin touches $7,000 there will be a lot of panic for sure.

But again we have to wait and see the test until bitcoin goes straight again moving forward up to $10,000. Holders like OP shouldn't worry with their money or better they have to leave the market and get back on it again when it's healthier.

[laluna24]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

The bearish trend now is maybe cause by manipulators who want to gain profit of bitcoin. I think one of the modus manipulators are doing is spoofing, entering orders and later cancelling that orders in an attempt to shift the valuation of an asset.

I think this bearish trend now will continue once no improvement of value. Well, manipulation always does exists they are always very active in the market. Hoping we will see a good trend and a bullish trend in bitcoin.

[gilangIDR]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

Bitcoin trend is always changing and now bitcoin is experiencing a significant downward trend compared to last month. Some people must experience panic and fear because they fear the price of bitcoin continues to decline. But I have a sense of optimism, I am sure some time back bitcoin will return again on a positive path. It's all because bitcoin will be increasingly in demand by many people.

[rommelo24]

Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.

The bearish trend now is maybe cause by manipulators who want to gain profit of bitcoin. I think one of the modus manipulators are doing is spoofing, entering orders and later cancelling that orders in an attempt to shift the valuation of an asset.

I think this bearish trend now will continue once no improvement of value. Well, manipulation always does exists they are always very active in the market. Hoping we will see a good trend and a bullish trend in bitcoin.

Yes the bearish trend will continue once there is no support on a certain range but i think it would not going to happen. I think there is a support at $6k level so that it will not go beyond that value.