Btc down trend are started ?

[ILuckyGuyI]

A new Bitcoin downtrend has started, yeah. The price has come down to $34k. I wonder whether we will see a level below $30k this time. If it happens, I have no idea about what the new dip can be.

[1714796481]

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[1714796481]

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[Fivestar4everMVP]

Right now, most people will still tell us to calm down that we are still in a bull market, but this is hard to believe now, bitcoin is down to 34k while Ethereum is down to almost 2000k, even if we are still in a bull market, I think currently, what we have is a full fledged bear taking over the market though some good altcoins are still doing very well, but most are down cus of bitcoin and Ethereum, I just wonder who are those selling when it's been predicted that bitcoin will reach 100k usd before this year ends, I just pray the market bounces back soon so those that are currently selling will regret there actions and most importantly, so I can recover what it looks like am loosing currently.

[kryptqnick]

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
   What do you think about it? What is your view point?

I don't think there's anything different with the price right now than a week ago. The price has been largely down for a month, and there's no sign of it getting back up, but no sign of it going further down either. I think we've already entered the bearish market. At least, we're definitely at the stagnation stage right now. It might recover, it might go down even more. I think this will depend on whether any major news appear in the near future. And if they don't, the price will probably remain between $35k and $40k. Some still say it's just a correction of a bullish market, but I don't see how a correction can last for a month.

[sapnu]

We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
   What do you think about it? What is your view point?

I don't think we can consider it a downtrend already. You need to learn and see how the price moves really in the market. The rise and falls are not that much for the past few weeks. Maybe it is all because of the confusions and issues bitcoin is currently going through like having El Salvador legalizing the use of it within their nation and having China planning to ban bitcoin within their territory. Another thing is Elon Musk's plan to get back on having bitcoin as a mode of payment in bitcoin since they found a new renewable source of energy that is not harmful for the nature.

[Farma]

I think that the downtrend of bitcoin has started when its price dumped from $60k to its current price. instead, I'm waiting for the price to recover and exceed the current $40k price. to be honest, the current decline is still in the $31k range, which is the lowest price that has been reached after the price down. in fact, I feel that when the price of bitcoin exceeds $45k again, then a follow-up pump will occur. even I believe that this year the price of bitcoin can reach $100k.

[icobits]

Bitcoin has made a sharp downward move as of today. This state of anxiety makes the markets very tired. Some people are in a rush to see a bull market again. Under these conditions, the downward movements in Bitcoin will continue, so investing is still very risky 

Remember its monday tomorrow and this weekend dumps is normal. As a trader this is a good buy in opportunity., A small profit can be made once BTC goes back to above $35k level this coming weekdays., But thread carefully, Anything can happen since this could be the much hated event of all a bearish market.

[TeQuiero]

Undoubtedly we're in down trend. It's obviously not a correction and Binance's NFT market hype can't lift the fall. The only that matters now is how long will this down trend last? Will it be another 4-year period or down trend will reverse right this year end? Many people are still believing that new ATH will be made this year and recovery is highly anticipated. Anyway, be well prepared for this down trend first.

[TWW]

A new Bitcoin downtrend has started, yeah. The price has come down to $34k. I wonder whether we will see a level below $30k this time. If it happens, I have no idea about what the new dip can be.

Bitcoin has been confirmed down at the 28k level and maybe it will happen again if market conditions continue to decline, bitcoin has been stable at $35k+ since the previous few days and many patterns predict bitcoin will only enter $31k for the lowest price but that is only part of the market analysis. However, this is an auspicious time to allocate 20% to add coins in the portfolio.

adding at this time isn't it also risky to lose when a deeper correction occurs?
there is a real momentum that BTC can stay afloat and stable in the market. this all has to do with the massive adoption of altcoins. but it seems that it is a little difficult to make BTC stable at the current price. correction is definitely happening, and we'd better wait for it before we buy and add to our assets.

[Blowon]

I think this is a big correction phase, or arguably a small bearish condition, because the bitcoin trend in terms of fundamentals is quite strong, only when in June some whales start manipulating prices, as if bitcoin has started to break down, but it is recovering soon, I am sure it will happen in the next 3 months.

[domoy77]

A new Bitcoin downtrend has started, yeah. The price has come down to $34k. I wonder whether we will see a level below $30k this time. If it happens, I have no idea about what the new dip can be.

It looks like Bitcoin won't be below $30K this year or in this Bearish period, although it's still in a downturn,
but Bitcoin will always recover faster when the market is no longer Bearish.

[Woodie]

Looking at the charts it doesn't give me the confidence to say market will be bullish, I know what's coming and it's the bearish trend until this happens then can we say a bullish run is coming after some support has been found.

A new Bitcoin downtrend has started, yeah. The price has come down to $34k. I wonder whether we will see a level below $30k this time. If it happens, I have no idea about what the new dip can be.

It looks like Bitcoin won't be below $30K this year or in this Bearish period, although it's still in a downturn,
but Bitcoin will always recover faster when the market is no longer Bearish.

I hope you are right that we have strong support at $30k.

[shinratensei_]

It started 1 month ago and still nobody is trying to save btc from dump

The bitcoin itself who can save bitcoin from the dump. There will be no party that can control the market or make the price of crypto will be free from the volatility and this is a part of the volatility when you were seeing the dump was happening. If you are a new player in the crypto and then you may face a worst situation but when you have experienced with this and that's a common thing.
You must learn about the history of crypto again dude.

[marcous]

It started 1 month ago and still nobody is trying to save btc from dump

Yes, but believe me it won't last as long as it did in the past because now there are many people who like Bitcoin and apply it in some important ways, so the current market conditions don't last long.

[kpierce77]

I think this is just a normal pullback in the last few weeks bitcoin has also managed to survive a fairly large dump to the $30k price level, and is currently quite stable despite experiencing a minor decline which I think will recover soon

[haidil]

I don't think so, maybe if you say this for the past few weeks I agree but not for now because now I think it's still flat and even leading to bullish if you look at the existing chart,. maybe i'm wrong because i'm still an amateur in that, but if i look at elsavador and venezuela and iran which will follow in elesavador's footsteps i think btc will crawl up first at least for the next few weeks or months. but whatever it is, I still recommend adding your assets from now on don't wait too long if you can now why not

[bots1]

Indeed, Bitcoin's downtrend started a few weeks ago. The current correction is only temporary. The decline in the price of Bitcoin makes altcoins also go down. Therefore it is best to switch to stablecoins for now and wait for the market to stabilize for repurchases.

[Zilon]

Bitcoin has been on a down trend since last week and there is no reversal signal at the moment although  not completely  bearish since it's just revolving  around the support zone. We would really call it a bearish trend  once it breaks below the support  zone forming a new resistance  area then  we can decide to buy the deep

[Gaaara]

It started 1 month ago and still nobody is trying to save btc from dump

Yes, but believe me it won't last as long as it did in the past because now there are many people who like Bitcoin and apply it in some important ways, so the current market conditions don't last long.

I mean there's a lot happening with bitcoin as big name such as Elon Musk affects its price with his impact with the public, the mining takes too much energy so it catches the eyes of the governments, then you have China that keeps knocking cryptocurrencies down bit by bit so it is safe to say that the down trend happens for a reason and might stay if things doesn't change. If everyone started to forget about Elon Musk, bitcoin might retaliate fast since China's blockage to cryptocurrencies won't effect its price for too long, but if there's more negative news to come FUD will still kick in and some will still dump regardless.

[trauchot]

Perhaps the correction of the cryptocurrency market has already begun a long time ago, since some time ago the cryptocurrency market has fallen very much and gradually there will be another falls of the cryptocurrency market if correction will continue, but it is possible that there will be another growth of the cryptocurrency market this year, so it is still difficult to say something, but the most important thing is to prepare for the worst-case scenario as quickly as possible because then it will be too late.

[kapalmabur]

Indeed, Bitcoin's downtrend started a few weeks ago. The current correction is only temporary. The decline in the price of Bitcoin makes altcoins also go down. Therefore it is best to switch to stablecoins for now and wait for the market to stabilize for repurchases.

It's true with conditions like this that currently the bitcoin trend is down, we don't need to worry and don't panic either,
right now the most important thing is to stay patient and wait for everything to stabilize,
but we also need to monitor market movements it's important