Btc down trend are started ?

[sunny28]

For several months, there was an incessant growth of the market, it is quite logical that now the market needs a correction.

After growth, there is always a fall, after a fall, there is growth. The bullish trend has not been in the market for so long that it has already ended and that a new bearish trend has already begun.

[stadus]

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?

The bull run could be officially over, therefore it's safe to expect a downtrend.

The crypto market cap is down to 1.5 trillion per https://coinmarketcap.com/, therefore I believe it will still continue to go down bringing it to below $1 trillion levels and bitcoin will dump to $20k which there we will see it struggle more.

It's not new, we've seen this kind of down trend in the past, but dude, just buy the dip.

[zonefloor]

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

[no-ice-please]

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

Is it really in a bearish trend? We have seen this a couple of times over the last weeks. It starts dropping but now it again recovered up to where it came from half a day ago.

The 7-day trend is a little bit less than 10% minus but we'll see how Bitcoin does during the end of June. Ultimately I am prepared for anything no matter what technical analysis says. What is TA worth if Bitcoin crashes against the best predictors.

[seleme]

It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.

So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices.

[revilo]

It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.

So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices.

The resistance above $30k has been holding strong for quite a while now, but even if that breaks I cannot think of Bitcoin going below $25k. I think buying pressure would come up so hard with all the retail investors having the all time high in mind. Even institutions who got in this year are probably going to stock up at that price as they have a whole different perspective on return on investment. If they see the opportunity for 30 - 50% plus within one year, that is phenomenal for them. If it drops below $25k I'll stop with my predictions...

[Kasabus]

BTC is currently in a bearish trend. As a result, altcoins follow btc. If BTC falls, the market bleeds, and when it makes a rapid rise, it bleeds. But when I look at the market in general, everyone thinks that there will be a nice uptrend between August and September. When I look at BTC in general, I see that the support points are solid. Whenever those support points break, I literally think the bear season has started. But it's too early, at least for me, to say that this downtrend has truly started the bear.

Most of the crypto coins nowadays are having struggles in their market price so i should say that the bearish season has already started. However, bitcoin price does not fall deeply so even if its a downtrend, bitcoin is still expected will not go down below $30k because of its strong support these days compared to those previous bearish seasons.

But this bearish or others say just a correction is definitely a perfect time to add more bitcoin into our portfolio. Seize the moment now because we don't know exactly how will the market looks like in the next days to come. It might suddenly become bullish and leave us missing the opportunities again.

[awik p]

It started before you even knew it. The bear market has started, but that won't make the price of bitcoin fall very deeply. so far bitcoin's resistance point is at 30k, and it's been a few weeks it's still holding up. this proves that bitcoin is still quite strong. maybe this situation will last a long time. bitcoin will go up and down between 30k to 40k.

So far resistance point is around $30k and in case of going below this point, $25k can play the support line role. Unless something bad happens, the market is not going down below $34k and the chances are higher for the upper side direction of the trend compared to the downtrend. I will go for altcoins instead of trading flat market BTC prices.

The resistance above $30k has been holding strong for quite a while now, but even if that breaks I cannot think of Bitcoin going below $25k. I think buying pressure would come up so hard with all the retail investors having the all time high in mind. Even institutions who got in this year are probably going to stock up at that price as they have a whole different perspective on return on investment. If they see the opportunity for 30 - 50% plus within one year, that is phenomenal for them. If it drops below $25k I'll stop with my predictions...

if bitcoin is at a price below $25k, I think it will be an interesting area to buy, because in 2017, bitcoin created a price peak around $20k, and that means the price is entering the support area, and I think it's worth buying. but indeed we only predict, and there is nothing wrong with analyzing someone before the market happens pasar

[kidbounty]

   What do you think about it?

I see bitcoin can't survive on anymore and the bearish trend is almost starting. Many things have influenced this, starting from the bursting bubble, the news of China banning mining and Elon Musk's statement made the market situation worse. this made the bitcoin market very shaken. the only reason why bitcoin is currently holding above 30k, is because of institutional investor support. but if they've started pulling away like tesla yesterday. maybe the situation will get very bad.

[Teraboy]

In my opinion if the price of bitcoin will not go to the below 30k. Bitcoin if fundamentally strong. but the market can't resist from the bearish chart that already appeared with bitcoin. People in the demand to short the market and that was also hurting bitcoin and crypto. The old time is going back again and it looks like so many panic sellers have been starting to dump their coin to the market.
The market is full with fear and FUD right now.

[akirasendo17]

same old strategy by big holders of BTC, it's just a loop they already sold their BTC that is why the price goes down, and with that small BTC holders are trying to sell small part they hold, on the other hand, whales are so happy buying the bitcoin that you sold, news and another public figure fuels the issue and the result is the price going down if you are in 2017 2018 bull run, I think you already knew what to do, before its too late, you have to remember a few months ago, banks already open its door for cryptocurrency, which means sooner or later it will be globally accepted, it's just a matter of time and laws to be passed.

[chanler]

we know that currently the price of crypto is going down, one of which is btc, it can be said that it has been going on for the last few months. if we want to invest btc at a low price this is the right time to buy btc because we can buy it at a low price and sell it later when the price is high. it will be very profitable if we can manage our assets well especially when the market is like this. we can only hope prices will stabilize again in time.

[the rise]

I also think this is a trend down, as I saw from a well-known youtuber predicting bitcoin is already death cross, but I'm sure it won't be worse than 2018, I think 2018 is the worst time in cryptocurrency history and don't want to experience the same event.

[wmaurik]

I think after the china government decided to ban miners in he's country very give bitcoin comunitty hard time. After that news the price of bitcoin keep going down in these few months, i hope good news will appear very soon so we can see another BIG Green in the market.

Yes, but so far there has been no good news about the crypto space or cryptocurrencies in general, so everyone has to wait a long time for the cryptocurrency market to recover at this point because if Bitcoin doesn't recover, others will also get sick.

[bakasabo]

Last Summer Bitcoin price was in a stagnation. Same happens right now. Last few months Bitcoin price has been between $31-36k. I think that we need some kind of a jump in economy, to make price growth. Previously covid impacted on the price, but now it is not so often discussed; we just get statistics and continue to live. I've noticed that petrol prices in Europe gone up, perhaps this somehow influenced on the price, as masses of money moved from crypto to close the whole in budget.

[huu78]

maybe because the market for the last 2 months has continued to decline in my opinion this has become a downward trend maybe until the end of the year.
and the new chart will start next year, and the history wont be repeat as usually.

[peter0425]

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?

added that China bank now declares banning the use of crypto connecting to their costumers .

https://cryptopotato.com/bitcoin-dumps-to-32k-as-chinas-third-largest-bank-announced-a-ban-on-crypto-usage/

That News shaking the market and now Bitcoin falls down to 32k .

and there is a psot created just now about this


https://bitcointalk.org/index.php?topic=5345000.msg57282682#msg57282682

[domoy77]

I also think this is a trend down, as I saw from a well-known youtuber predicting bitcoin is already death cross, but I'm sure it won't be worse than 2018, I think 2018 is the worst time in cryptocurrency history and don't want to experience the same event.

True, the incident in 2018 was the worst thing the cryptocurrency space has ever experienced in its history because there has never been such an incident before and now the same thing could possibly happen but it will not be as bad as it was in the past.

[toplarge]

i feel the downtrend is not yet done, it will be in phases. the death cross dosent work everytime for bitcoin thats why much attention is not given to it. bitcoin has been on downtrend for a while but people were only hopeful for price uptrend thats why it wasnt noticed.

[kenelmark]

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?

In fact the downtrend benefits those who already have a stable coin reserve, and loses a lot of money to those who have bought at a high price, and are still holding it. From one side, the downtrend is good, but on the other hand it will take a lot of casualties.