Btc down trend are started ?

[judaspriest]

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.

Both an uptrend and a downtrend all have positive and negative sides.
but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see

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[RealMalatesta]

Both an uptrend and a downtrend all have positive and negative sides.
but indeed with the current downtrend at least we have to be patient and keep holding on,
maybe it takes a long time to wait for the uptrend but we'll see

Positive or negative consequences are easily converted into profits if you are enough skilled. I mean these days we can make profits from the both the direction of markets hence people who are worrying about the direction of markets must be long term holders (as they do trade only one direction). But in my opinion, down trend of bitcoin is yet to start and it may happen by beginning of next year only.

As of now, we are in mid of bullish trend which means we are into mid term correction which may end at any time soon and I am very much sure about having positive growth in July month. So, getting ready to embrace the upcoming trend will help you to re-fill your bags again.

[SaShiRaJaVu]

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.

The price of Bitcoin is moving in the same trend for a month and i have seen the article where they say that the market is in a death cross, but these are bullshit claims and if these shits they are claiming are true then the price should breach the support at $30k and fall further and then we can very well say that these death cross claims were true, other than i see the market as it is and we once again reached the support at $30k and we will once again try to break the resistance .

[senyorito123]

More stories now started to eradicate and we're not even thinking about how to accumulate our holdings. Some people now shaking their feet and starts panicking over the current market downfall, and those were the short time traders who didn't learn even for they're old in cryptocurrency. Frustrations is basically the reason why they rant everytime btc price collapses, then wrong decision fell out unto something uncontrollable. This isn't just the beginning, but rather the continuation from past bear market which most people struggled to handle.

[viananda2525]

Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.

didnt we face it too in the past, and now we still survive and even touch 65k as highest price this year and still have chance to create new high again. i see secret mission and its structured FUD since elon's tweets negative about mining power sources. its utilized by group of whales of maybe huge bank to pressure bitcoin price till level they want. and when all of it done, price will rebound to 100k as prediction many expert.

[wajik-tempe]

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?

Yes the chart is going down maybe it will break the previous support line. But i think this year is still have a chance to get higher than 40k we just need to wait for big good news to come. So for now, collecting btc from the dip is the best option.

[lexkiee28]

Even though we have seen the death cross of BTC it still resist at the $30k support which I am still hoping that it will bounce back before the end of the year. I think that because of the FUDs, bad news and speculations created by plenty of market manipulators that shaken weak-hands and get them into panic selling however I still have faith that within this year it will set a new ATH knowing that there are now plenty of countries adopting BTC as one of their currencies.

[wayaneka]

Since BTC keep stay at prive above $30k, Iam still bullish with BTC because this price area is current support. But if BTC going down and breakout support area, the high probability trend of this market changing to bearish. The crypto market should be not changing to bearish yet, because this is too fast after long bearish that started on 2018 then continue in 2019 and 2020. High probability the trend of bullish will exist again for another 1 year. I think death cross pattern is not comfirmed yet.

[mamahdedeh]

Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.

It's really hard to hit $ 100k as the price of bitcoin has started to go down even if china bans if the amount of investment in bitcoin increases, the market will rise again even if the market is severely affected prices are expected to rise again.

negative news from china seemed to have an impact on bitcoin's decline, this also happened in 2018. but of course there will be more good news that can push bitcoin to the moon, like this year, although after that china again declares bad news, and we can see now the effect

[hichamito37]

I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.

[cryptobaht]

It's always interesting to observe how btc value fluctuates regardless of any logic, based on pure news and speculation. Chinese miners are shutting down their operation? Great, the hashrate will come down, less daily dumping from miners... right? Wrong LOL, rates still go down.

[wmaurik]

Banned in China really hit the bitcoin ecosystem and made the crypto market drop drastically. I hope that after this big correction the market can become more stable in the future and it will be a tough mission for bitcoin to rise to $100k this year.

Yes, and I think that's a very natural thing because China is currently the country that holds the largest economic sector so when they ban something that is product or related to digital assets, it will be such a big influence that the cryptocurrency market now looks like it wants to collapse down.

[Digital_Lord]

BTC is in downtrend now. When it hits 41k$ I thought that now it will never drop below 40k$ but  panic sellers sell and dump it to 32k$. I think we can see bulltrend again in 2-3 months. My speculation for 2-3 months is that "All altcoins will recover and then BTC will cross 70k$".

[CapGelatik]

I think this decline is due to a major correction in the crypto market, there is no sign of when this situation will end, but for sure this is a good opportunity to buy BTC and other altcoins, to invest in the long term, because BTC and altcoins will definitely experience back upgrade,

Of course, we should not waste this opportunity because after all, while there is an opportunity to make a profit, we must take advantage of it.
I don't think we need to worry about the current state of things
decreased everything,
Sooner or later everything will go up again so we just have to be patient waiting for that moment

[nomenclatur]

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?

yeah that's very true bitcoin has started its decline quite fast in the last few days this could be the beginning of a bad market because the price of bitcoin has dropped so drastically it creates a great shock and panic because the price of bitcoin is falling very quickly again china country making a great fud the price immediately affects the price of bitcoin which has decreased if bitcoin is below $30k most likely the market will continue to deteriorate.

[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...

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

Ok now it becomes interesting I would say. It is difficult to think of how low it could go. You would think it can't go too far or otherwise so many people would be willing to sell at a loss. Or could it be manipulation? Hard to rule that option out but we'll never know anyway.

[Questat]

We are almost close down to $30k, I couldn't how is going to be in the next few hours, or we might just surprise that we are already below the $30k barrier.  Even I was very optimistic about the market but sometimes we accept that bull season has to come to an end. I can't put to such a conclusion but we can really feel that the entire market is declining upon seeing all coins are in red.

[SacriFries11]

I think the downtrend of bitcoin has begun a few weeks ago ,and the Chinese government's ban made it worse. But don't worry too much.The market will rebound this year. The market will rise again this year. bitcoin needs to adjust before rising again and reaching a new ATH this year.

I hope the same thing, BTC will recover soon and reach again it's all-time high. I think the bear market is already here right now but there's a hope that it will recover soon based on some data shows that the bull market is not yet finished. But due to death cross, I think it triggers a lot of investors and also traders to sell their BTC. Microstrategy already brought more of BTC but still didn't affect the current situation. China making it worse, I hope good news adopting cryptocurrency will release soon.

[evilgreed]

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?

               If you have been watching the market for a few years already, you will realize that technical analysis is very limited in providing good data that can be use to have a prediction which would be the closest to the actual price direction. Useful yes, but not full proof. Just as how it is right now, despite having similarities to the past death crosses on years 2013 and 2017,  which had a drop percentage of 50%-70%, opposite to what others think, I am very bullish. That is if the support at 29k something remains strong and hold. Still, do your own research and don't believe just any thing that any random guy says without having your own research.

good luck.

[sedahan13]

BTC failed to breakout down to below $30k yesterday, that mean the support line is still strong. Nowadays the price touched to $34k, and this is very fast bounce back, that indicate the buyer still strong. The accumulation phase can be still going on, after that the price ready for bullish again. My prediction we will see BTC will going up to above $100k in this bull cycle.