Bitcoin going to $53k or down to $48k? (Bullish Scenario)

[soenan]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

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[rahmatrf331]

looks like bitcoin will break through $53k this week with very good market conditions. lately many signals say that bitcoin will pump again. the market is on a bullrun could the chart pattern go down again to $48k. but we will see for ourselves what will happen in the next few days, because not all predictions can be right.

[TravelMug]

Resistance around $50k has been breached, maintain/sustain already, and we are now into $52k'ish.

So most likely the scenario will be $53k-$54k this week and not going down to $48k again. We are already in a bull run, so it's hard to stop, but we might see some minor dip. But it won't happen until we hit at least $55k. And then the cycle repeats again, the resistance that we are seeing right now will be the support.

[Dave1]

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

This has been invalidated already since you last posted, we are going to $53k.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

Since your first scenario has been invalidated, I don't think that we will find bitcoin $48k.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

Perhaps the next leg up is $55k. If we go to this price within the next two weeks, we might see anothe correction though.

[Fundamentals Of]

$48,000 is not in sight for now. So we could forget about that for the time being. $53,000 is very near though. We will definitely be hitting $53,000 very shortly. It looks like it is not just a possibility but a certainty. It will happen any hour or minute from now. As of this posting, the price of Bitcoin is just less than $300 shy of $53,000. The next resistance is probably be at around $55,000 so the correction might be happening there. $48,000 is too far down.

[Chato1977]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

looks like 53k is an easy target now as Bitcoin already made more than 2k in the last 24 hours.

but given the value drops back to 48k still that is the sign that people making profits before the bull finally comes.

[pooya87]

This is just a slow rise for now so there won't be any big jumps anytime soon and similarly there won't be any big drops (such as the $4k dump you suggested) either. If the momentum is built up enough we can see a big jump to over $60k in a very short time otherwise the price will creep to $60k then maybe jump after that.

[Kittygalore]

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

[adaseb]

Bitcoin is rallying today because of the EL Salvador news which is that it becomes legal tender today. This was known for months but the President announced for some weird reason that they bought 200 BTC recently (200 BTC prior to this) and most likely will be buying more.

So given that there are 6 million people in that country and each person gets $30, thats $180M. However there is obviously not going to be every single person downloading the wallet to get the $30. And keep in mind that most likely, if someone is poor, they will sell that $30 almost immediately and cash out. So even though there is a large buyer, there is going to be tons of sellers at the same time.

[rodskee]

since last year i am bullish about Bitcoin so your question wasn't enough for me.

best to ask if going to 60k or down to NEVER 

people here and there had finally understand bitcoin now and what are we seeing is a legitimate investments and not just those who wanted to Buy and sell or those manipulating whales.

this is the true crypto market in which believers are most buyers.

[Maslate]

If we could just rely on the chart, that most probably drops back to $48k and then pump again. However, it was not the real case to happen, it can be right or wrong. Playing on the zigzag pattern I was really thinking about the short correction before it rises again. If we are in the plan to buy, it is a need for us to wait for a while and have its position when it drops a few bucks.

Anyway, just only a few bucks different, it never affects us, especially when are holding long-term.

[pooya87]

Bitcoin is rallying today because of the EL Salvador news which is that it becomes legal tender today. This was known for months but the President announced for some weird reason that they bought 200 BTC recently (200 BTC prior to this) and most likely will be buying more.

Technically this can not be true because of how "news" works. If a positive news is to affect bitcoin price, it affects it right away as the news itself comes out. Same with negative news. So when a couple of weeks ago they said El Salvador is going to adopt bitcoin as legal tender, it affected the market then and there. Today there is nothing left, and the news is already considered old.

[Dr.Osh]

i am inclined to speculate that bitcoin price will hit $53k in the near future. well, looking at the current bitcoin price, that $53k price is very close. other than that, we are still in a period of market recovery.

based on the price analysis that Cointelegraph today, I also think that the next target is $55k, before we hit $60k. it happens if the price of bitcoin continues to rise, and I hope so too, and see new ATH this month, or early next month. unfortunately, if there is a decline, the bitcoin price will most likely be in the range of $48k. however, it's better than being in the under $45k range.

[Coin_trader]

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

[Coin_trader]

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

As expected, Market crash after there's no more fuel to hype. This current crash is not a healthy correction at all and might result to the end of this uptrend channel. I hope Bitcoin price will manage to recover above 48K and closed a candle above it.

Whales surely play very smart on retail traders money that got hype. I hope everyone is trading safe right now and avoid futures trading.

[SquallLeonhart]

i am inclined to speculate that bitcoin price will hit $53k in the near future. well, looking at the current bitcoin price, that $53k price is very close. other than that, we are still in a period of market recovery.

based on the price analysis that Cointelegraph today, I also think that the next target is $55k, before we hit $60k. it happens if the price of bitcoin continues to rise, and I hope so too, and see new ATH this month, or early next month. unfortunately, if there is a decline, the bitcoin price will most likely be in the range of $48k. however, it's better than being in the under $45k range.

I would say it is definitely looking like a breakout chart and that is why I agree with cointelegraph. Which is rare because normally they are not very good at chart reading (something very simple for someone who gets paid so much to do something), they always end up checking it on the wrong end, or taking the wrong time for the period they are looking for. I feel like this one is quite possible, I am expecting 60k in September.

I am not sure about all the 100k talk in the air, that seems like way too much to go for now, it could still happen in the future, but my maximum aim for September is 60k and that will probably happen. Let's hope that it doesn't have a crash afterwards, going up is one thing but "not going down" is a bigger challenge, if we could do that then we would be doing something amazing.

[Vaculin]

I don't think bitcoin goes any lower than that, probably go back to 50k or at worse 49k but it's unlikely for 48k even if the difference is just around a thousand dollar. The prediction might even not go the right way and the prices only go up further than expected.

There's a chance since the 200EMA line is under 48K which is the final support for trend. Always take consideration the worst case scenarion because many whales are watching carefully on price movement. There's always a FUD for every major resistance attempt to break by Bitcoin. But the current chart is indeed very bullish but we should always expect the unexpected on this crazy crypto market.

As expected, Market crash after there's no more fuel to hype. This current crash is not a healthy correction at all and might result to the end of this uptrend channel. I hope Bitcoin price will manage to recover above 48K and closed a candle above it.

Whales surely play very smart on retail traders money that got hype. I hope everyone is trading safe right now and avoid futures trading.

The news about El Salvador buying bitcoin seems does not help to continue the hype of bitcoin. With this heavy dump, we should be careful as it could result in further dump since whales' manipulation is being stated as the main reason. If the whales had already cashed out, then I'm sure they will not allow the price to go up, for now, they would make this to continue dumping so they can accumulate again.

Las time we saw bitcoin dump below $30k, most likely we will see the same scenario if we are talking of accumulation.

[Kusman]

Bitcoin price dropped down from $52.8k to $43k in only approximately half an hour as far as I remember. It was really shocking for me. I didn't even witness the decrease live as it happened in a very short time period. I must admit that this is really huge and it made me scared. They say that the reason could be that miners sold a lot of coins. But I don't know whether this would affect the market this serious. Still, I hope to see another recovery from the price. But it might take some time seemingly.

[hatshepsut93]

This current crash is not a healthy correction at all

Why not? The market had no real corrections from $30k to $53k, so it's not that bad to see a flash crash, which are quite common in Bitcoin. I agree that there's a considerable risk of downtrend and bear market, because this recovery could have been just a bull trap, but it just as easily can be a stop on the road to new ATH. This is why short term trading is so risky, anything can happen on a small time scale.

[Dave1]

Bitcoin price dropped down from $52.8k to $43k in only approximately half an hour as far as I remember. It was really shocking for me. I didn't even witness the decrease live as it happened in a very short time period. I must admit that this is really huge and it made me scared. They say that the reason could be that miners sold a lot of coins. But I don't know whether this would affect the market this serious. Still, I hope to see another recovery from the price. But it might take some time seemingly.

Yeah, I was surprised to see this quick dump, weird though, perhaps the whales dump because of the El Salvador news. I said previously that $48k might not be touch again, but I was completely wrong. Market is very volatile and the increase that we are expecting didn't happen.

Anyhow, from $43k dump to $47k now, can we say that we are into the road to bounce back to $50k'ish? Or will the price remain sub $50k, or until the news of El Salvador has somewhat settled down? Remains to be seen.

[Kemarit]

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

Spot on prediction, this is what actually happened in the last 24 hours. Wave 1 has finished around $52,000 and then it's wave 2 wherein the price goes to $48,000 because of some influence or whales selling at $52,000.

What do you think about bitcoin price predictions?

And now that we are in wave 2, then expect the price to settled down and then we are going to see some sideways pattern again before hitting $50,000 again and then goes to $55,000 in the next two weeks. Still very exciting for traders and long term holders, as this is a golden opportunity to buy.

[Fundamentals Of]

This is just a slow rise for now so there won't be any big jumps anytime soon and similarly there won't be any big drops (such as the $4k dump you suggested) either. If the momentum is built up enough we can see a big jump to over $60k in a very short time otherwise the price will creep to $60k then maybe jump after that.

It is funny and amazing how Bitcoin's price surprises us every now and then. I was thinking $53,000 is a given because the price was only a little more than $200 short and $48,000 is almost $5,000 far. And yet that $4,000 drop which wasn't expected proved not to be a big drop actually but only a small drop as the price nosedived to $43,000. That was almost $10,000 lost from Bitcoin's price in just a matter of hours. Bitcoin's price movements are always interesting.

[btc78]

Looks like what happened is the opposite side way , when we are all expecting the up trend yet fall happens and i must admit being frustrated by not selling yesterday when the price is still on top .

But there is a thread created about this dump is just a preparation for the following increase and bull run.

[NeuroticFish]

Bitcoin is rallying today because of the EL Salvador news which is that it becomes legal tender today. This was known for months but the President announced for some weird reason that they bought 200 BTC recently (200 BTC prior to this) and most likely will be buying more.

Technically this can not be true because of how "news" works. If a positive news is to affect bitcoin price, it affects it right away as the news itself comes out. Same with negative news. So when a couple of weeks ago they said El Salvador is going to adopt bitcoin as legal tender, it affected the market then and there. Today there is nothing left, and the news is already considered old.

Imho it was not "nothing left". People around the world were buying Bitcoin for this event. Bitcoin and El Salvador were trending. People's expectations were very high, especially after one week of quite fast price rise.
And I think that this was the catch: somebody may have been playing with people's expectations. Somebody found this event very good for exploiting and decided to go for the pocket money of the trader wannabes.

[onecall123]

Looks like what happened is the opposite side way , when we are all expecting the up trend yet fall happens and i must admit being frustrated by not selling yesterday when the price is still on top .

Being frustrated and then panic selling won't help, unless you are looking for a quick profits. You may have bought back into your plan, but there is no guarantee the market will always carry it out. Wtf is happening right now! Whales are taking out stop losses, and this is normal. It would be great if more people understood this!

But there is a thread created about this dump is just a preparation for the following increase and bull run.

Would you please let me know where the Bottom is so that I can buy more when we get there. A good purchasing opportunity is coming up.

[FatFork]

So this is the main reason for yesterday's dump?


source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

[el kaka22]

So this is the main reason for yesterday's dump?


source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

I do not think that it would be the reason for it, just because coinbase doesn't have a coinbase lend section doesn't mean that it would have to be cause for a big sale. That would require many people to end up buying just because they believed coinbase lend would make bitcoin go up a lot more, and as we all know that wasn't the case. People did not buy because they believed that coinbase lend would be the reason it would go up, and that means we should not be upset over that not happening neither.

I would say even ADA smart contract deal being ruined with scalability issue is a bigger reason, at least that is about crypto and not like some low cap gem neither, it was third ranked coin promising something and failing. It could be a big reason why we are here right now. Obviously speaking we need to keep going for a while longer to see what will happen, but I believe that wasn't the case.

[BITCOIN4X]

So this is the main reason for yesterday's dump?
https://i.imgur.com/VUxtYCG.png
source: https://twitter.com/coinbase/status/1435448395091615747

It's interesting that the market reacted hours before the news had even been published. Was it a coincidence? Or were there some insider traders at work?

That probably won't be the main reason although traders can interpret it as the reason behind yesterday's dump in bitcoin price. The commotion in El Salvador and negative sentiment have been exploited by the whale to dump bitcoin. I don't know what the exact reason is, but it looks like the whales will be responsible for this dump. After all, no force could have brought dump the price of bitcoin so quickly if it weren't for the whales.

[Ibrahim60]

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

[Fundamentals Of]

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

[LUCKMCFLY]

The price of BTC has been giving a great correction, approximately more than 12%, this is something that everyone has had a hard time assimilating, but the BTC market is like this, we cannot rule out if it was just a bullish trap:

. The fall has been supported by a rising trading volume, which means that sellers may have fixed their short positions. In this case, one can expect a retest of the vital zone around $50,000 by the end of the week.

Source: https://u.today/btc-eth-and-xrp-price-analysis-for-september-8-0

The volatility of the BTC market is an ingredient that we always have to deal with, even to give bullish movements like bearish, some at the time managed to obtain profits, for me what happened is that they were testing the price level and the offer was too much, for that reason it went down.

[fortunecrypto]

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

[Wawa2013]

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

The pandemic has indeed made most people experience an economic crisis, so it is not easy to consistently hold the Bitcoin that we have.
Sometimes there is often a sudden urgent need, which eventually makes us forced to sell the Bitcoin that we have partially. There is nothing
wrong with doing that, because there are priorities in our lives. Instead of forcing holding Bitcoin, but their daily needs are not met. If one day
we have extra money, we can buy Bitcoin again. So no need to worry, we definitely have another chance to be able to buy Bitcoin. Moreover,
the price of Bitcoin is volatile, so there is always a moment when the price of Bitcoin is correcting, that's our chance to buy Bitcoin. As of now
the price of Bitcoin has dropped to $46k, but I believe this is only temporary, Bitcoin will recover soon.

[LogitechMouse]

Bitcoin price dropped down from $52.8k to $43k in only approximately half an hour as far as I remember. It was really shocking for me. I didn't even witness the decrease live as it happened in a very short time period. I must admit that this is really huge and it made me scared. They say that the reason could be that miners sold a lot of coins. But I don't know whether this would affect the market this serious. Still, I hope to see another recovery from the price. But it might take some time seemingly.

Its shocking for you? I think that you are in this for a short amount of time then .
There is no shocking on what happened yesterday and in fact, there are some worse drops than that.

Well, we saw those weak hands sold their holdings just because of one news coming from China. That is how influential that country is. They are very influential to the fact that they can manipulate the market just by saying bad things that is related to crypto. Right now, Bitcoin has a short recovery after the crash and not only Bitcoin but other coins as well. It is a good sign that the buyers really still want to buy Bitcoin even though it went up high already compare to where it was months ago when it is at $30,000.

[sarmrakib]

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

Its a common behave of the market that it will fluctuate in every candle .We can research and analyse the market to get the right momentum and the trend as well .However recently we have seen a big red candle which actually pull down to the 45k$ level may be there was some negative news that's why it has behaved like this .The market is gradually starting to recover and hopefully we will see a strong uptrend .

[Kong Hey Pakboy]

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

That's what's make bitcoin attractive, it's volatile and the market could let you down anytime. I think you have pretty conservative estimate, I think bitcoin will go up more than just that because if the patterns follow, we might see bitcoin go up to more than just 50k.

[conected]

Bitcoin price is now so much volatile. Bitcoin price is now $45.5k. In cryptocurrency no one can surely predict on them. But by doing some research about the market and the price increasing, decreasing chart some expert people can predict. And most of the time their prediction may come true. By seeing the past 2/3 months price chart we can say it easily that Bitcoin price will increase and it will hit $48k soon and can hit $50k+.

- And also by the charts and the ease with which you speak, these days we have been defeated, experts are sometimes just a little more stubborn than the average person, but with a few tricks to fake what they can read, the experts are sheep and become a propaganda effect so that others also become stray sheep. The sheep stray into the endless gloomy forest but everyone thinks this is a garden in the clouds and a wishful lawn, quite funny, basically we don't know the script and the author can also overturn last minute hope

[zanezane]

It's probably as you've said, a bullish scenario. Bitcoin always go through some up and downs in the past and from most of the things that are happening, bitcoin goes down for awhile before it goes so high.

[Fundamentals Of]

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

I understand your situation of course. These are difficult times. Jobs are lost, businesses are down, shops and stores are closed, etc. It is completely all right to let go of some of our precious Bitcoin to support our needs. At the end of the day we are stacking Bitcoin so that we have something to use when the day comes. We are not hodling for the sake of hodling. We are hodling for our dear life. Perhaps now is one of those rainy days when Bitcoin could help us a lot. Better days will come soon for sure.

[Kemarit]

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

I understand your situation of course. These are difficult times. Jobs are lost, businesses are down, shops and stores are closed, etc. It is completely all right to let go of some of our precious Bitcoin to support our needs. At the end of the day we are stacking Bitcoin so that we have something to use when the day comes. We are not hodling for the sake of hodling. We are hodling for our dear life. Perhaps now is one of those rainy days when Bitcoin could help us a lot. Better days will come soon for sure.

To each his own I guess, of course we really need to take care of ourselves, bring food in the table for our family. But if you have financially plan your self ahead of crypto investments, I doubt that you will have to touch your bitcoin savings because of the pandemic. I'm not saying that I'm good at financial planning, but I'm talking about my experience of being a Bitcoin holder for many years. For the scenario, we are still in the $46,000 give and take, but everything still looks good for us in the last couple of months before the end of the year.

[tz]

I still think that breaching $50k is an eventuality.

People are getting way too caught up in this current dump without realizing that it is entirely transitory. We have seen this sort of correction over and over again and some still don't realize that this is just a great buying opportunity.

Start DCAing at this level and you will make lots in the long term. No doubts about it.

[Shasha80]

I still think that breaching $50k is an eventuality.

People are getting way too caught up in this current dump without realizing that it is entirely transitory. We have seen this sort of correction over and over again and some still don't realize that this is just a great buying opportunity.

Start DCAing at this level and you will make lots in the long term. No doubts about it.

The corrections that have occurred in Bitcoin today have happened many times, so there is no need to worry. From the start, we knew that
the price of Bitcoin was volatile and that there was a lot of price manipulation by whales too. I believe the Bitcoin price will recover soon and
will rise again above $50k next week. Because Bitcoin is fast to recover, so instead of worrying about the current situation, why don't we use
the Bitcoins price drop now to buy Bitcoins again. Because based on my analysis now the price of Bitcoin is very low, so it is very good to
collect Bitcoin now. So when the price goes up, we can get a big profit.

[ethereumhunter]

I still think that breaching $50k is an eventuality.

People are getting way too caught up in this current dump without realizing that it is entirely transitory. We have seen this sort of correction over and over again and some still don't realize that this is just a great buying opportunity.

Start DCAing at this level and you will make lots in the long term. No doubts about it.

Breaking $50k will happen soon, but we need to enjoy this moment by buying bitcoin as much as possible before the price starts increasing and back to $50k. The price can still get down as we see the price now is at $45k. There is nothing to worry about because we already had the experience before.

Hopefully, people will not panic to see the price still getting down instead of trying to use this moment for their benefit.

[beerlover]

The pandemic has indeed made most people experience an economic crisis, so it is not easy to consistently hold the Bitcoin that we have.
Sometimes there is often a sudden urgent need, which eventually makes us forced to sell the Bitcoin that we have partially. There is nothing wrong with doing that, because there are priorities in our lives. Instead of forcing holding Bitcoin, but their daily needs are not met. If one day we have extra money, we can buy Bitcoin again. So no need to worry, we definitely have another chance to be able to buy Bitcoin. Moreover, the price of Bitcoin is volatile, so there is always a moment when the price of Bitcoin is correcting, that's our chance to buy Bitcoin. As of now the price of Bitcoin has dropped to $46k, but I believe this is only temporary, Bitcoin will recover soon.

Nobody tells you to sell the coins that you have. However when bitcoin goes down and you sell then it means it wasn't for a need. The talk here is not keeping your coins even while having urgent needs, it is about how you should not sell your coins just because it moved from 52k levels to 45k levels.

If you are selling just because the price went down then you are making a big wrong decision that you should not be doing at all. Obviously you should sell when you have emergency, nearly all the profits I made in my crypto life went to paying for hospital bills, for myself (not big deal, mostly dentists because I have genetic tooth problems) and my parents, my wives parents, and my wife has injection (sort of similar to diabetic insulin) and so forth.

Basically I made maybe 10x profit from crypto on all my investments and I had to cash them all out and now I have nearly nothing compared to what I could have, but I also have zero debt as well. I still wouldn't sell right now, would wait and sell later to pay for my debt.

[Fundamentals Of]

The volatility is increasing. It is safer not to play with the price for now. In times like these I would rather just hodl and wait for the better days to come. The risk of trading Bitcoin short term is high but it is significantly lowered to the minimum if you are looking at the long term.

We certainly cannot predict Bitcoin's price tomorrow or the day after it but we are almost assured that years from now the price is definitely higher than today.

We are in pandemic times and this is the hardest time to HODL Bitcoin because of this pandemic I have to sell half of my share to sustain my livelihood, my country is one of the hardest, I'm trying to keep the remaining shares because with all the prediction I just knew Bitcoin will reach 6 digits maybe not this year but definitely next year.

I understand your situation of course. These are difficult times. Jobs are lost, businesses are down, shops and stores are closed, etc. It is completely all right to let go of some of our precious Bitcoin to support our needs. At the end of the day we are stacking Bitcoin so that we have something to use when the day comes. We are not hodling for the sake of hodling. We are hodling for our dear life. Perhaps now is one of those rainy days when Bitcoin could help us a lot. Better days will come soon for sure.

To each his own I guess, of course we really need to take care of ourselves, bring food in the table for our family. But if you have financially plan your self ahead of crypto investments, I doubt that you will have to touch your bitcoin savings because of the pandemic. I'm not saying that I'm good at financial planning, but I'm talking about my experience of being a Bitcoin holder for many years. For the scenario, we are still in the $46,000 give and take, but everything still looks good for us in the last couple of months before the end of the year.

No, I guess it is not a question of financial planning or how good we are at hodling Bitcoin. We must have assumed things are working as they normally do. Of course, we are also acknowledging the fact that despite our positive outlook, there might be unexpected times which call for unexpected responses. But I am sure nobody ever expected that the time would come when people would no longer go out, that businesses would come to a halt, that jobs are to be lost, etc. We know bad days will come. But nobody could have expected the worst. Nobody expected a pandemic and nobody thought it would last for two years.

[asrinur]

The downward trend in Bitcoin prices is still continuing. after touching the level of $ 52,000 is now down to the level of $ 45,000. Bitcoin price correction is inseparable from a massive sell-off in the crypto asset market. the correction that occurs in the current Bitcoin price tends to be temporary. The current correction will make the Bitcoin price stable first considering that the last month Bitcoin has gone up very significantly.

[STT]

Funny thing is we left the uptrend from the July low but then made a new high which also happened early 2020 I remember.   It had formed a downtrend, broke that before finally resolving downwards in some significant way which is where we are now.



We're just crossing the 50 and 200 day averages which are rising, still indicating positive momentum beyond this short term action yet price alone is continuing negatively.   I'd estimate for the moment that we can revise prices at August beginning which would be the sub 40k perhaps 38k or so or the lowest bar on this chart.   Thats just a rough take and it could still be that the first low seen recently is also the bottom price for this month, it has not indicated which yet certainly I think it'd bounce again at that point speculatively.

[michellee]

The downward trend in Bitcoin prices is still continuing. after touching the level of $ 52,000 is now down to the level of $ 45,000. Bitcoin price correction is inseparable from a massive sell-off in the crypto asset market. the correction that occurs in the current Bitcoin price tends to be temporary. The current correction will make the Bitcoin price stable first considering that the last month Bitcoin has gone up very significantly.

Hopefully, the price will not go down lower $43k because if that happens, it could trigger people's panic moment and they can sell bitcoin without thinking that is just a correction. If that really happens, the whales or people who have money will benefit from the situation because they will use the moment to buy many bitcoins and that will be their golden time to buy bitcoin. We already see the bitcoin price stable at $44k-$46k and hopefully, that can sustain this weekend and in the next week, the price will start to increase. Maybe the next week will be a good time for bitcoin to rise and slowly reach the high price.

[decodx]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

[cryptomaniac_xxx]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

I think $48k is the next barrier to see continue bullish momentum, otherwise it will have a tendency to slip down to $43k. It's good to break that $46k, but it will not give confidence still for a upward trend.

It's good that the accumulation and balances are increasing and then bitcoin traders/investors are getting out and saving it to a wallet that they control. But as for the price, $48k should be the next price to break again. I remember that we have like 3x-4x try before we breach that psychological number, so here we are again.

[Naficopa]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

Based on the positive information that is showing up lately and the overall good sentiment in the cryptocurrency market, it can be concluded that the next step will be strong growth. However, as we can see, the chart behaves quite cautiously. In my opinion, this could mean one more big drop in Bitcoin's price, maybe even by about 20-30%. I would very much hate it at this moment, but I am very much afraid that it could happen in a matter of few days.

[buwaytress]

We're just crossing the 50 and 200 day averages which are rising, still indicating positive momentum beyond this short term action yet price alone is continuing negatively.   I'd estimate for the moment that we can revise prices at August beginning which would be the sub 40k perhaps 38k or so or the lowest bar on this chart.   Thats just a rough take and it could still be that the first low seen recently is also the bottom price for this month, it has not indicated which yet certainly I think it'd bounce again at that point speculatively.

Would be sort of a slight let down for me to see sub40k again so soon, not that I ever thought we would be leaving that permanently, just thought it would not be revisited so quickly, especially after that August show of consolidating strength.

Then again, if it results in an extreme bounce, especially with 200MA adding to that, could be enough for persistent growth over the next few weeks and then inertia preventing another retracement beneath 50k. Still plenty of time before final quarter to see all this noise play out.

[crzy]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

We're currently at the price of $45k as of posting, and if the accumulation starts again we can expect for the price to rise again but for now, the price should stabilize and hold into this level or else, we might see any bullish trend again this year because we failed to stay above the resistance. The price is getting more unpredictable, any trend can happen at any time, always know how to act accordingly and yes expect a more up and down with Bitcoin as we try to stay on a good level.

[ethereumhunter]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

I think $48k is the next barrier to see continue bullish momentum, otherwise it will have a tendency to slip down to $43k. It's good to break that $46k, but it will not give confidence still for a upward trend.

It's good that the accumulation and balances are increasing and then bitcoin traders/investors are getting out and saving it to a wallet that they control. But as for the price, $48k should be the next price to break again. I remember that we have like 3x-4x try before we breach that psychological number, so here we are again.

Yes, it is. I feel the same as you because the price seems hard to increase more than $48k and only get down to the lower price. Maybe next week, the price can increase and can break $48k. If that can be break, the chance to break $50k will be wide open and once that can be break, the price can still increase higher. If the price is down to $43k in the next week, that can trigger the price to still go down to the lower price and it could reach $40k again. If that happens, people will not be comfortable holding their bitcoin and will sell instantly.

[cryptomaniac_xxx]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

I think $48k is the next barrier to see continue bullish momentum, otherwise it will have a tendency to slip down to $43k. It's good to break that $46k, but it will not give confidence still for a upward trend.

It's good that the accumulation and balances are increasing and then bitcoin traders/investors are getting out and saving it to a wallet that they control. But as for the price, $48k should be the next price to break again. I remember that we have like 3x-4x try before we breach that psychological number, so here we are again.

Yes, it is. I feel the same as you because the price seems hard to increase more than $48k and only get down to the lower price. Maybe next week, the price can increase and can break $48k. If that can be break, the chance to break $50k will be wide open and once that can be break, the price can still increase higher. If the price is down to $43k in the next week, that can trigger the price to still go down to the lower price and it could reach $40k again. If that happens, people will not be comfortable holding their bitcoin and will sell instantly.

Might take this week to re-take the $48k price position, we did touch it briefly but then again the pattern getting into it then facing a huge resistance again. Now, we are down to $47,100, so hopefully at least this week we can get back to $48k again and see how the market will react again. If it goes down, then we can't do anything, but it we we maintain that $48k levels and become confident along that price then $50k will be the starting price for next month.

[GreatArkansas]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

I think $48k is the next barrier to see continue bullish momentum, otherwise it will have a tendency to slip down to $43k. It's good to break that $46k, but it will not give confidence still for a upward trend.

It's good that the accumulation and balances are increasing and then bitcoin traders/investors are getting out and saving it to a wallet that they control. But as for the price, $48k should be the next price to break again. I remember that we have like 3x-4x try before we breach that psychological number, so here we are again.

Yes, it is. I feel the same as you because the price seems hard to increase more than $48k and only get down to the lower price. Maybe next week, the price can increase and can break $48k. If that can be break, the chance to break $50k will be wide open and once that can be break, the price can still increase higher. If the price is down to $43k in the next week, that can trigger the price to still go down to the lower price and it could reach $40k again. If that happens, people will not be comfortable holding their bitcoin and will sell instantly.

Might take this week to re-take the $48k price position, we did touch it briefly but then again the pattern getting into it then facing a huge resistance again. Now, we are down to $47,100, so hopefully at least this week we can get back to $48k again and see how the market will react again. If it goes down, then we can't do anything, but it we we maintain that $48k levels and become confident along that price then $50k will be the starting price for next month.

Broke below $48,000 was a bearish move for me on Bitcoin for the short term.  I agree with you that if ever Bitcoin will retake above $48,000 and stay for days there, daily close will always be $48,000 weekly too, $50,000 will be easy. But there is a lot to consider here like a monthly candle is fast approaching.
Funding rates are normal for now, which is good side that we may still not see huge dumps from now.

[Jating]

^ It's now trading sideways, a pattern that is familiar with us, last month this is always the case and we close the month with green candles.

However, this month might be different, yes short term could be bearish, but not to the point that we are going down to $43k. We can maintain his phase up until the end of next month, and we are still good. Then wait for October to somewhat bring the bullish sentiments around and then new ATH at the end of the year.

[Alf_m.h]

At the moment the BTC price is trying to break the $ 46,000 level again. A break and hold above the $46,000 level would give Bitcoin some upward movement. On-chain analysis shows that both accumulation addresses and accumulation balances are increasing, indicating a possible bullish move ahead.

I think $48k is the next barrier to see continue bullish momentum, otherwise it will have a tendency to slip down to $43k. It's good to break that $46k, but it will not give confidence still for a upward trend.

It's good that the accumulation and balances are increasing and then bitcoin traders/investors are getting out and saving it to a wallet that they control. But as for the price, $48k should be the next price to break again. I remember that we have like 3x-4x try before we breach that psychological number, so here we are again.

Yes, it is. I feel the same as you because the price seems hard to increase more than $48k and only get down to the lower price. Maybe next week, the price can increase and can break $48k. If that can be break, the chance to break $50k will be wide open and once that can be break, the price can still increase higher. If the price is down to $43k in the next week, that can trigger the price to still go down to the lower price and it could reach $40k again. If that happens, people will not be comfortable holding their bitcoin and will sell instantly.

Might take this week to re-take the $48k price position, we did touch it briefly but then again the pattern getting into it then facing a huge resistance again. Now, we are down to $47,100, so hopefully at least this week we can get back to $48k again and see how the market will react again. If it goes down, then we can't do anything, but it we we maintain that $48k levels and become confident along that price then $50k will be the starting price for next month.

Broke below $48,000 was a bearish move for me on Bitcoin for the short term.  I agree with you that if ever Bitcoin will retake above $48,000 and stay for days there, daily close will always be $48,000 weekly too, $50,000 will be easy. But there is a lot to consider here like a monthly candle is fast approaching.
Funding rates are normal for now, which is good side that we may still not see huge dumps from now.

I even hoped that during the El Salvador effect, he bullran very far and played at that number but in fact it didn't happen, even in the previous direction, when I hoped it would have an effect because it was bought by El Salvador 450 btc, but it didn't happen.

[pooya87]

I even hoped that during the El Salvador effect, he bullran very far and played at that number but in fact it didn't happen, even in the previous direction, when I hoped it would have an effect because it was bought by El Salvador 450 btc, but it didn't happen.

That's just because the market was heavily manipulated because certain people are always afraid of bitcoin's mass adoption such as the recent news. The good news is that market manipulation like these only last a little while before the trend goes back to normal simply because they can't prevent the adoption from happening no matter how much FUD is being spread.

[Yaunfitda]

I even hoped that during the El Salvador effect, he bullran very far and played at that number but in fact it didn't happen, even in the previous direction, when I hoped it would have an effect because it was bought by El Salvador 450 btc, but it didn't happen.

That's just because the market was heavily manipulated because certain people are always afraid of bitcoin's mass adoption such as the recent news. The good news is that market manipulation like these only last a little while before the trend goes back to normal simply because they can't prevent the adoption from happening no matter how much FUD is being spread.

I haven't heard any FUD though, in any case the market is just moving as normal, sideways and then some retest of support/resistance, just like what we are seeing, now at $43k.

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

[RealMalatesta]

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

Yeah, I am not having any different speculation than you. Because, bitcoin has showed its power like you have mentioned many times in the past like defeating all the fuds and government driven regulations. So, this time cannot be an exception in any manner still I do feel that there is something unknown selling force dragging down the markets around $50k for more time than usual.

I feel like some bigger institutions (or even governments like El Salvador) might be manipulating the market to remain under $50k levels to make the rest of world to believe something technically so that they may catch some good entry levels which may be lower than $40k levels also.

[Alf_m.h]

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

Yeah, I am not having any different speculation than you. Because, bitcoin has showed its power like you have mentioned many times in the past like defeating all the fuds and government driven regulations. So, this time cannot be an exception in any manner still I do feel that there is something unknown selling force dragging down the markets around $50k for more time than usual.

I feel like some bigger institutions (or even governments like El Salvador) might be manipulating the market to remain under $50k levels to make the rest of world to believe something technically so that they may catch some good entry levels which may be lower than $40k levels also.

when it comes to speculation, there are those who dare to say that even in 2 years btc will touch ATH +100 k, even they are observers of the world economy, while it is difficult to see the condition for 2 years touching ATH +100 k. In this year it could have been with the momentum of ELON MUKS and El Salvador, but not at 100 k.

[Furious 7]

I haven't heard any FUD though, in any case the market is just moving as normal, sideways and then some retest of support/resistance, just like what we are seeing, now at $43k.

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

I still have time until the end of the year, so I'm still a little optimistic that bitcoin can get through this, whatever the bad news is this won't make bitcoin worse so we have to stay in this situation.

[ene1980]

~
There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

So there is some substance for the rumor, i am hearing about this FUD for sometime that the Biden administration is planning to restrict the entire market and i have heard about the restrictions they are going to implement to hackers but when you read the full papers it will affect everyone. Right now the speculations is all over the social media and may be that is the reason the market went down today but these rumors are in the air for weeks.

I still have time until the end of the year, so I'm still a little optimistic that bitcoin can get through this, whatever the bad news is this won't make bitcoin worse so we have to stay in this situation.

If we do not see any drastic step from the US government we will rally for good, if not the institutional investors from US will book their profit.

[Vaculin]

~
There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

So there is some substance for the rumor, i am hearing about this FUD for sometime that the Biden administration is planning to restrict the entire market and i have heard about the restrictions they are going to implement to hackers but when you read the full papers it will affect everyone. Right now the speculations is all over the social media and may be that is the reason the market went down today but these rumors are in the air for weeks.

it seems like the people easily react on rumors, there has been no announcement yet, it could be just a FUD, and look how it impacts the market. We are supposed to be at over $2 trillion marketcap overall, but with this rumor, not only bitcoin dump but altcoins were heavily affected resulted to a decrease of marketcap to $1.88 trillion, in short, there's a major loss and more to come if this downward trend will continue.

[TravelMug]

~
There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

So there is some substance for the rumor, i am hearing about this FUD for sometime that the Biden administration is planning to restrict the entire market and i have heard about the restrictions they are going to implement to hackers but when you read the full papers it will affect everyone. Right now the speculations is all over the social media and may be that is the reason the market went down today but these rumors are in the air for weeks.

it seems like the people easily react on rumors, there has been no announcement yet, it could be just a FUD, and look how it impacts the market. We are supposed to be at over $2 trillion marketcap overall, but with this rumor, not only bitcoin dump but altcoins were heavily affected resulted to a decrease of marketcap to $1.88 trillion, in short, there's a major loss and more to come if this downward trend will continue.

Surprise, surprise, last time I check its $1.9 trillion, and it seems it went down very hard in the last 12 hours because of the supposedly FUD floating around. But the effect will be short term I believed, so let's not jump on the gun and sell our stash today. Although it looks bleak up to the end of the month, I'm sure next month we might see bitcoin again regaining some to $50k or even $60k.

Damage has been done to the market, but be positive and hope that we will see a good bounce back in the next coming weeks.

[rahmatrf331]

I haven't heard any FUD though, in any case the market is just moving as normal, sideways and then some retest of support/resistance, just like what we are seeing, now at $43k.

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

I still have time until the end of the year, so I'm still a little optimistic that bitcoin can get through this, whatever the bad news is this won't make bitcoin worse so we have to stay in this situation.

if bad news about bitcoin continues to hit social media, worry that the market price will continue to plummet. Is there a rumor like that can be refuted by other positive rumors such as El Salvador legalizing bitcoin as a legal medium of exchange in their country. El Salvador's policy made big companies start adopting it, because bitcoin has become a means of transacting in their financial system.

[Jating]

I haven't heard any FUD though, in any case the market is just moving as normal, sideways and then some retest of support/resistance, just like what we are seeing, now at $43k.

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

I still have time until the end of the year, so I'm still a little optimistic that bitcoin can get through this, whatever the bad news is this won't make bitcoin worse so we have to stay in this situation.

if bad news about bitcoin continues to hit social media, worry that the market price will continue to plummet. Is there a rumor like that can be refuted by other positive rumors such as El Salvador legalizing bitcoin as a legal medium of exchange in their country. El Salvador's policy made big companies start adopting it, because bitcoin has become a means of transacting in their financial system.

I haven't heard of any companies starting to adopt bitcoin because of El Salvador legalising. Of course, their banks and other online and offline businesses will have to accept since it's a legal tender within their country.

Of course, if there is bad news, there will always some positive news to balance things out. Currently, the price has gone up to it's average of $43k, indication that the effect of this so called FUD are already gone as everything seems to be settling down.

[Twinkledoe]

I haven't heard any FUD though, in any case the market is just moving as normal, sideways and then some retest of support/resistance, just like what we are seeing, now at $43k.

Hopefully, in the last stretch of the year, even if there's some kind of FUD and manipulation behind, the price will continue as predicted, a cool 6 digits before the end of the year. And it will only shows that bitcoin is resilient and unstoppable.

There's FUD news now on twitter that Biden will reject bitcoin so maybe this has a bit of an impact on bad news on bitcoin so it's going down and some are even panicking about how they are dealing with this, still we have to be calm about this situation because for me it's just a little manipulation to try some people against bitcoin.

I still have time until the end of the year, so I'm still a little optimistic that bitcoin can get through this, whatever the bad news is this won't make bitcoin worse so we have to stay in this situation.

if bad news about bitcoin continues to hit social media, worry that the market price will continue to plummet. Is there a rumor like that can be refuted by other positive rumors such as El Salvador legalizing bitcoin as a legal medium of exchange in their country. El Salvador's policy made big companies start adopting it, because bitcoin has become a means of transacting in their financial system.

Sometimes these whales capitalize these fuds surrounding the market and they are actually accumulating more btc at lower price. Bitcoin has proven that it can rise after so many negative news. And look what happened during this pandemic, we have seen its ATH. And now, more entities, countries or organizations are into this market. So don't lose hope if btc is going down today, because there's always hope that it will rise again because people are not stopping using it but instead the adoption is still growing everyday.

[ILuckyGuyI]

Bitcoin price reached nearly $53k actually but it went down very sharply to $42k in a very short time period like half an hour unfortunately. I don't see a bullish scenario for now as the price is still struggling to recover and we see it at $43k now. We even saw $39k also. This might be a sign for a bigger drop but I hope that it won't happen and the recovery will start soon again.

[btc_angela]

Bitcoin price reached nearly $53k actually but it went down very sharply to $42k in a very short time period like half an hour unfortunately. I don't see a bullish scenario for now as the price is still struggling to recover and we see it at $43k now. We even saw $39k also. This might be a sign for a bigger drop but I hope that it won't happen and the recovery will start soon again.

Yes, I'm also seeing a bigger drop to less than $40k, but for now, the bleeding has stop, as we rose to $44k. Dropping below $40k though is not that bad as it may sound, it's another perfect time to buy and save a lot of bitcoin in our wallets. This week will be critical the way I see it, if there is a significant drop I would say that we need to keep relatively calm, the last week of September could be the recovery again, so be cautious of our trading.

[rhodelmabanal]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

Strong resistance is at 47k$,maybe we can see btc at 47k at the end of this month. I believe that this is now the right time to buy Bitcoin and wait for the next rising of it's price and make profit. Most of the investors are now buying because they know that the bitcoin will possibly rise back after it touches 40k$ downfall.

[justdimin]

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

It is already recovering, it passed over 43k and eth went above 3k once again. I do not understand why people panic the moment they see crypto prices go down. You should be used to seeing bitcoin prices going up and down all the time, it is a very common thing. Look at the last 6 months, we have seen it go up to 64k, down to 28k up to 52k down to 42k and you are still shocked to see it go up and down? I mean shouldn't we all be used to seeing it like this? Calm down, the worst case would be the price going down a bit more before it starts to go up, or it will go up from here, in both cases it ends up going up anyway so nothing to worry about.

[carlisle1]

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

It is already recovering, it passed over 43k and eth went above 3k once again. I do not understand why people panic the moment they see crypto prices go down. You should be used to seeing bitcoin prices going up and down all the time, it is a very common thing. Look at the last 6 months, we have seen it go up to 64k, down to 28k up to 52k down to 42k and you are still shocked to see it go up and down? I mean shouldn't we all be used to seeing it like this? Calm down, the worst case would be the price going down a bit more before it starts to go up, or it will go up from here, in both cases it ends up going up anyway so nothing to worry about.

The importance of having better understanding to stay calm if there's dumped like this to happen,

And before and foremost, investors should understand that the market has this kind of cycle. If you have spare money and you experienced this downfall, the best mindset to have is to buy more instead of rushing out and be shaken.

All those holders who failed to wait do suffer from these huge losses. If you don't anticipate things out to happen, you are easily
being manipulated by those experienced traders who love playing inside.

[StreakW]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

From a few weeks ago bitcoin is still experiencing a major correction (tends to be a downtrend), there is a potential to test support at the price of US $ 40,000 if the daily 200 EMA is broken down to the downside. For now, based on the pattern that tends to occur, it is necessary to reconsider if you want to open a buy position. Therefore, BTC is likely to move down again because the price is currently at its trendline resistance. Keep watching if the price is able to breakout the trendline resistance, then the price will continue to rise.

[LUCKMCFLY]

The effort of the BTC bulls, has been degenerating little by little, to a great extent the bears have been successful in the last few days because the price of BTC could not exceed the $ 45k mark, for now the price ranges between $ 42.7 k and the $ 43k, Cointelegraph technical indications show the following:

if the price turns up from the current level or the 100-day SMA, the bulls will again try to drive the pair above the moving averages. A close above the 50-day SMA ($46,816) will suggest that the correction may be over.

Source: https://cointelegraph.com/news/price-analysis-9-24-btc-eth-ada-bnb-xrp-sol-dot-doge-avax-luna

For now, I don't think the price will go down any more, however, we must take forecasts, in my case it would not sell at least 10% downwards.

[bots1]

Bitcoin price dropped right after the second half of the daily candle started and the price dropped as low as $42k. BTC closed the daily candle looking very strong technically and closed the day at its highest price since May this year. Despite the recent momentum BTC price fell by a percentage at one point down as much as 15%. It should be a good day for bitcoiners to rejoice that El Salvador has officially adopted bitcoin as a legal tender but the party has been spoiled somewhat by the price action to the downside.

[tygeade]

I would say that people are worried about the wrong thing right now. We should not be worried that bitcoin dropped, we should be worried that bitcoin is not getting the attention it used to get, that hype during bull run was something special, people were talking about it every day, we had twitter TT nearly half covered in crypto related stuff in my nation.

So, all in all if the price is falling that means we are doing that not only because people are selling but also because people are not buying enough. If bitcoin loses the interest of investors then it gets harder to get them back, not impossible, but those 2017 investors got cold feet in 2018 and took us 2 years to get them back, so we should be careful about making them lose interest.

[TravelMug]

I would say that people are worried about the wrong thing right now. We should not be worried that bitcoin dropped, we should be worried that bitcoin is not getting the attention it used to get, that hype during bull run was something special, people were talking about it every day, we had twitter TT nearly half covered in crypto related stuff in my nation.

So, all in all if the price is falling that means we are doing that not only because people are selling but also because people are not buying enough. If bitcoin loses the interest of investors then it gets harder to get them back, not impossible, but those 2017 investors got cold feet in 2018 and took us 2 years to get them back, so we should be careful about making them lose interest.

But if you have to look at why people is not buying enough? What is the reason? Is it because of the China FUD around or investors shifting their funds around?

Of course in the long run you don't need to worried, but it's better to look at the reason of the downfall this month (although we all know that historically, September seems to be one of the worst month like every year). We need some news that will fomo new investors again and we might got that news in November (taproot).

[michellee]

Bitcoin price dropped right after the second half of the daily candle started and the price dropped as low as $42k. BTC closed the daily candle looking very strong technically and closed the day at its highest price since May this year. Despite the recent momentum BTC price fell by a percentage at one point down as much as 15%. It should be a good day for bitcoiners to rejoice that El Salvador has officially adopted bitcoin as a legal tender but the party has been spoiled somewhat by the price action to the downside.

It looks like the bitcoin price wants to stable at $42k before it rises higher in the next months. Hopefully, that can really happen in the next months but we still need to be careful because the bitcoin price can down for more, especially if any bad news releases. We will end this month soon so we have new hope in the next month which could lift the price to increase more than now. So you do not have to panic if the price still goes down instead, hold your bitcoin and try to buy more.

[leea-1334]

Of course in the long run you don't need to worried, but it's better to look at the reason of the downfall this month (although we all know that historically, September seems to be one of the worst month like every year). We need some news that will fomo new investors again and we might got that news in November (taproot).

But we also need to realize that there is not necessarily a reason for the downfall other than natural market forces (more sellers than buyers, not necessary to be because of weak hands or panic). Maybe people need to pay taxes, maybe it is preparing for holiday, but no significant fixed reason I think!  

[mr500]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

Today the BTC price $42k which is 4% less in 24 hours and 2% less in this week rather the previous months . Ups and downs all over the cryptocurrency market cap . It is easy to Predict but unfortunate most of the time predictions don't hit the target line .

[Yaunfitda]

Of course in the long run you don't need to worried, but it's better to look at the reason of the downfall this month (although we all know that historically, September seems to be one of the worst month like every year). We need some news that will fomo new investors again and we might got that news in November (taproot).

But we also need to realize that there is not necessarily a reason for the downfall other than natural market forces (more sellers than buyers, not necessary to be because of weak hands or panic). Maybe people need to pay taxes, maybe it is preparing for holiday, but no significant fixed reason I think!  

I agree, we can't really pinpoint the exact reason for the sudden downfall, nevertheless, even if we close out this month in red candle, still above $40k is strong price in my opinion.

People sell for different reason, maybe not because they are afraid that the market will continue to fall, but for personal reasons that you have mentioned. So I guess this month is not going to be on our side. But I expect a big bounce in October to November.

[slaman29]

So, all in all if the price is falling that means we are doing that not only because people are selling but also because people are not buying enough. If bitcoin loses the interest of investors then it gets harder to get them back, not impossible, but those 2017 investors got cold feet in 2018 and took us 2 years to get them back, so we should be careful about making them lose interest.

Wonder what buying enough means, most people who have been in here long term are allready doing DCA, which means they're buying whenever it's time to buy, at whatever amount their income has allowed them. Or like me earning in a dollar amount fixed, so whatever the price of BTC is, that's what I get.

Don't forget it's not really useful to measure investor interest in random timeframes.

[leea-1334]

But we also need to realize that there is not necessarily a reason for the downfall other than natural market forces (more sellers than buyers, not necessary to be because of weak hands or panic). Maybe people need to pay taxes, maybe it is preparing for holiday, but no significant fixed reason I think!  

I agree, we can't really pinpoint the exact reason for the sudden downfall, nevertheless, even if we close out this month in red candle, still above $40k is strong price in my opinion.

People sell for different reason, maybe not because they are afraid that the market will continue to fall, but for personal reasons that you have mentioned. So I guess this month is not going to be on our side. But I expect a big bounce in October to November.

What about people just selling because they need to sell? This was what I meant by my earlier statement,,, that every time market falls people think it is sellers who have weak hands or are scared, but what about just it so happens that in any month, people are selling regardless of news. Like I guess my own example I always sell if I need the money.

Maybe it is nothing but coincidence more people are selling than buying. This is simple market possibility But I totally agree. $40k is still such a strong price!

[Cafex]

Recently, it looks like Bitcoin price is not going upwards anytime soon. I would really want to see a bullish scenario before the end of the year. But China's FUD has left a bad affect on the market. And we don't know when the market will be able to recover. I hope to see a bull run in this year to be able to witness a new ATH. And maybe we can see bigger levels then.

[Ararbermas]

Bitcoin at this point isn't stable and there is a bunch of correction in the price, and infact it always trying to break the current support but it always faild and going up again. For me in my personal opinion if next time it didn't respect the current support during the correction for sure bitcoin will seek another strong support below $40k. I hope it didn't happen, lets just kee holding..

[lepbagong]

Bitcoin price dropped right after the second half of the daily candle started and the price dropped as low as $42k. BTC closed the daily candle looking very strong technically and closed the day at its highest price since May this year. Despite the recent momentum BTC price fell by a percentage at one point down as much as 15%. It should be a good day for bitcoiners to rejoice that El Salvador has officially adopted bitcoin as a legal tender but the party has been spoiled somewhat by the price action to the downside.

good news like el savador and now there are also other countries, it doesn't seem to be able to give fresh air to the bitcoin movement. currently bitcoin continues to fall to the level to approach $40K, if this happens it is clear that this is a bad precedent that we cannot know anymore, will the correction to the price below $40K be able to pick it up again when entering Q4??

clearly optimistic that there will always be as you said that the bitcoin drop point is in the range of -15% and but from the last ATH it has shown a decline of up to -36%. if you look at it, it doesn't seem worrying enough because it's still above 50% of the last ATH, so there is the ability to catch up that might have been missed. we are waiting for the end of this year and all remain optimistic.

[jostorres]

Bitcoin at this point isn't stable and there is a bunch of correction in the price, and infact it always trying to break the current support but it always faild and going up again. For me in my personal opinion if next time it didn't respect the current support during the correction for sure bitcoin will seek another strong support below $40k. I hope it didn't happen, lets just kee holding..

Most of the peoples in community was feeling very good after having some good adoptions in last few weeks, but we have no results like this community was expecting because there are many other factors also working around like China and USA regulations and Whales are also playing their own games because they want some good profit which is only possible through their own games which are they playing and having enjoying results.

But, it's never been new because we have many years here like this good thing, after every year we are improving and watching strong price after serious corrections.

[Hippocrypto]

What I can advice you now and for other long time desirable traders is keep and brace yourselves before we will be heading towards another waves of pumps. This time will be more exciting as price struggles to recover, and projections is really going to catch $50k back.
Definitely, if nothing's going to hinder the recent market developments I think we will be moving upwards with an unexpected price much higher than previous ATH.

[cryptomaniac_xxx]

What I can advice you now and for other long time desirable traders is keep and brace yourselves before we will be heading towards another waves of pumps. This time will be more exciting as price struggles to recover, and projections is really going to catch $50k back.
Definitely, if nothing's going to hinder the recent market developments I think we will be moving upwards with an unexpected price much higher than previous ATH.

I believed that we are going to catch up with that $50k again. Right now we already have a good recovery period, we are heading to another price resistance of $45k, and I think that is good enough for the market and traders.

Because it's a good indication, we just started this month and it seems we are in the green candle already. So $50k is there again for us to take, and if we have another good news, then FOMO, this price is attainable again this month.

[RealMalatesta]

What I can advice you now and for other long time desirable traders is keep and brace yourselves before we will be heading towards another waves of pumps. This time will be more exciting as price struggles to recover, and projections is really going to catch $50k back.
Definitely, if nothing's going to hinder the recent market developments I think we will be moving upwards with an unexpected price much higher than previous ATH.

I believed that we are going to catch up with that $50k again. Right now we already have a good recovery period, we are heading to another price resistance of $45k, and I think that is good enough for the market and traders.

Because it's a good indication, we just started this month and it seems we are in the green candle already. So $50k is there again for us to take, and if we have another good news, then FOMO, this price is attainable again this month.

I do agree that we will reach to 50k+ once again, I am not sure if we can sustain it, because we may fall again when the price goes over 50k, but I know that there is a good chance we can reach to that level. What we need to do is not to focus on going over 50k because that is something we can do, maybe now or maybe a week from now or a month from now but it will surely happen, we know that it will happen.

The problem is not reaching 50k but it is sustaining above it. In order to sustain above that price we need to not let any whales impact our trading and we should not be getting scared because of some news, and certainly do not care if China says something bad again, which they will try to do whenever price goes up. During 2021 early bull run they tried as well but we didn't care, we should be like that, just keep the hopes up and price will be up.

[BuNga_cute]

~

I believed that we are going to catch up with that $50k again. Right now we already have a good recovery period, we are heading to another price resistance of $45k, and I think that is good enough for the market and traders.

Because it's a good indication, we just started this month and it seems we are in the green candle already. So $50k is there again for us to take, and if we have another good news, then FOMO, this price is attainable again this month.

I do agree that we will reach to 50k+ once again, I am not sure if we can sustain it, because we may fall again when the price goes over 50k, but I know that there is a good chance we can reach to that level. What we need to do is not to focus on going over 50k because that is something we can do, maybe now or maybe a week from now or a month from now but it will surely happen, we know that it will happen.

The problem is not reaching 50k but it is sustaining above it. In order to sustain above that price we need to not let any whales impact our trading and we should not be getting scared because of some news, and certainly do not care if China says something bad again, which they will try to do whenever price goes up. During 2021 early bull run they tried as well but we didn't care, we should be like that, just keep the hopes up and price will be up.

With the current Bitcoin price making it back to $48k, that means it's getting closer to hitting $50k again. I am optimistic that the price of $50k
will be reached in the next few days, actually the price of $50k will indeed be reached soon, but the problem is whether after that it will go down
again or not. It's true that keeping the Bitcoin price above $50k is very difficult, because there are whales who often manipulate prices to profit
from the volatile Bitcoin price. So we should not be influenced by the circulating FUD, so that we are not easily influenced by the manipulations
carried out by the whales. Hopefully if the price of $50k is reached Bitcoin can sustain and continue rising again to the next resistance price.
So we could see Bitcoin return to ATH prices before the end of the year.

[Dave1]

Is the chart still applicable or have been invalidated already?

We are already in a new month and for me, we have a new bullish scenario that is forming.

Currently, we have a massive price uptick in the last 24 hours, pushing it to almost $48k again.

So maybe we need to update, and chart it and see where the price is going to head at least for this month.

[carlisle1]

Is the chart still applicable or have been invalidated already?

We are already in a new month and for me, we have a new bullish scenario that is forming.

Currently, we have a massive price uptick in the last 24 hours, pushing it to almost $48k again.

So maybe we need to update, and chart it and see where the price is going to head at least for this month.

the month opener seems friendly with Bitcoin day traders, that 10% rise is cool enough to end your day sessions.

Day trader who bought each falls and wait for good timing when bounce happened.

Good point to change it up now and see if how the chart comes out, there's a big chance that with this market movement,

it's more likely change in directions, bullish is waiving I guess.

[Baofeng]

Is the chart still applicable or have been invalidated already?

We are already in a new month and for me, we have a new bullish scenario that is forming.

Currently, we have a massive price uptick in the last 24 hours, pushing it to almost $48k again.

So maybe we need to update, and chart it and see where the price is going to head at least for this month.

the month opener seems friendly with Bitcoin day traders, that 10% rise is cool enough to end your day sessions.

Day trader who bought each falls and wait for good timing when bounce happened.

Good point to change it up now and see if how the chart comes out, there's a big chance that with this market movement,

it's more likely change in directions, bullish is waiving I guess.

If the price reaches $53k, then it is invalidated. But so far we haven't reach that price level so this scenario is still very much open. However, as you have said, October seems to be a month that we might find new scenario's and break out run as there is a bullish momentum, gaining 10% and touching $48k-$49k is just short period.

So let's see how it pan out, hopefully we can go to $53k, and then hopefully the OP will plot another chart and give us a new prediction or scenario again.

[Rimueng]

As we can see in the crypto market the last few days where the price of bitcoin continues to experience a significant decline, most likely even towards the $48k level. Therefore, we hope that something big will happen, namely there will be a reversal that will make it a pullback or even bullish again at the beginning of next year. Will it continue to go down or up.

[arufox]

Looking at the significant drop in bitcoin prices the last few weeks, it looks like bitcoin prices will hold between $55k to $57k until the end of December. Therefore, the bitcoin market is currently entering a bearish phase. But I believe early next year bitcoin price will rise again.

[cryptomaniac_xxx]

Looking at the significant drop in bitcoin prices the last few weeks, it looks like bitcoin prices will hold between $55k to $57k until the end of December. Therefore, the bitcoin market is currently entering a bearish phase. But I believe early next year bitcoin price will rise again.

It could be bearish outlook for now, but I believed it will be short term though. Maybe this week we might see a significant drop, but after that we might recover and bounce back to $60k again at least that will be the price I'm seeing this December.

Next year, it might be different though, as we might have settled down a bit, specially the bad news about the new covid variant. Maybe that time the public has been assured that it you got the vaccine already, this new variant will not be that severe after-all as initially thought.

[Rufsilf]

As we can see in the crypto market the last few days where the price of bitcoin continues to experience a significant decline, most likely even towards the $48k level. Therefore, we hope that something big will happen, namely there will be a reversal that will make it a pullback or even bullish again at the beginning of next year. Will it continue to go down or up.

These past few weeks, bitcoin is currently declining significantly, and since the month of December starts it dips more until todays value at 48.4k USD. Traders and investors are currently silent while being optimistic at the same time, watching for the price to regain or recover from it's correction and dip. Maybe we will experience this the whole month or maybe there will be some huge happenings before this month and year ends, we don't know about it yet. So it's better to hold now and be patient, don't panic and sell just because of the declination. Make this a positive way to earn and gain profits when the market starts to recover.

[uneng]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

[Slow death]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

worst of all is that we have seen in the past that the price when it is at $47000 it fluctuates between $47000 to $50100, but if by chance it drops below $47000 it immediately drops to $45000 where it stays for some time and goes back to  $47500, this cycle will only be broken if the price is above $52500, and here where the problem comes from, for the price to break the $52500 it needs to have a big consecutive increase from $49000 straight to $51500 and then to $52500

[cryptomaniac_xxx]

Today bitcoin is fighting bravely to reach 50,000$ again, but when it is almost doing it, the price falls sharply to 48,000$ or even 47,000$, recovering right after for a new attempt of breaking the resistance level. That is a signal many traders are exiting at 49,700$-49,800$ range, probably aiming short run gains.
We need to watch the prices for the next days to confirm if there is a bearish tendency or if it is just some big fishes cashing out their funds and giving the opportunity to someone else buy the dip and play the game.

It's just repeating itself, strong resistance at that price right now, $50,000, $60,000 that's where the resistance is because of the big psychological barrier. So right now it is going to fight it out for the whole week and hopefully we can get out that hump and move to at least $52,000-$55,000 so that we are at least "safe" again from another downturn.

As much as we are seeing bearish tendency, I'm still leaning towards a bullish one this December. We just need one break out run again to push the price to higher significant numbers.

[btc_angela]

The scenario of the OP posted is September is just repeating itself again this November-December.

Now, we went as low as $47k if I'm not mistaken then have a good bounce 4% in the last 48 hours and bouncing around $48k-$49k but meeting a big resistance around $50k.

So yes, first we need to get over $50k and then $53k to move further away from the lows $50k. And hopefully, we can still survived this December with a good spike to at least $55k and close the year with that price and then we all look forward on what 2022 will bring to bitcoin market.

[Beparanf]

The scenario of the OP posted is September is just repeating itself again this November-December.

Now, we went as low as $47k if I'm not mistaken then have a good bounce 4% in the last 48 hours and bouncing around $48k-$49k but meeting a big resistance around $50k.

So yes, first we need to get over $50k and then $53k to move further away from the lows $50k. And hopefully, we can still survived this December with a good spike to at least $55k and close the year with that price and then we all look forward on what 2022 will bring to bitcoin market.

Agree that the scenario is already repeated since Bitcoin dip after hitting new all time high but we don't know if the support will still hold this time since there's a strong FUD about new Covid-19 variant and there's no upcoming ETF news anymore to recover the price. The price depends now on retail investors and if institutional investors will accumulate more because the current price is the perfect timing for them to take profit before they hit the breakeven price considering how thin the crypto order book.

[Vaskiy]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

[Reatim]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

I think this question is legitimate to be answered this very moment because the price is in between the choices again as this is the scenario the same when OP created this post.

I think we are climbing to 53k again as now Bitcoin price is near taking the 52,000 dollar value again.

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

I think at this moment the resistance is 55k mate, we have fallen down to below 47k means it is 8k up again taking that 55 thousand price .

[Kemarit]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

[carlisle1]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

I see that point; the market is moving sideways, and this correction seems to last. We never know if this will be changed after this first quarter

or it will continue, the sentiment keeps on being bearish and more traders are fearing of losing their money, unlike last year where we see

more bullish, that's the risk of investing inside this market, fluctuation is unavoidable you just have to gain strong knowledge to follow whatever

the adjustment is needed to survive continuing with this business.

[btc78]

Here I make a bullish scenario about bitcoin where we will go to $53k maybe even $55k.

Bitcoin is currently fighting its major resistance at $50k, although some of my friends want to start short, I forbid it because bitcoin in the minor Elliot wave allows it to pass through the major resistance.

Well, even then it could be that bitcoin has just finished its wave 1 and will be on the way to its wave 2 where we will find bitcoin at $48k again.

What do you think about bitcoin price predictions?

Thank you for taking the time to discuss this bitcoin price prediction. I understand that you are a busy person and I appreciate any advice you can give.

Your prediction comes true and that happens till End of 2021 , actually it is 1k lower than the mentioned amount because bitcoin stays 47k till the year changes earlier today.
Maybe you'll have to create another poll now if this will happen again or not.
I wonder what will be the prediction for the 1st and 2nd quarter of 2022 from those who have been expertly giving theirs here in the early days.

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

That was in the early December , but things change when 2nd week comes  and most when 3rd week because the price continues to fall and now here staying at 40k level.

[TravelMug]

The major resistance for now is $60k, because the resistance barrier $50k is crossed and if $53k is reached there is more chance of reaching the previous ATH by the days around Christmas. If this doesn't take place, then this year is gonna end on the bearish move. Because, more selling of bitcoin will take place during the year end than other months. This time the trend can change as there is better understanding and adoption of cryptocurrency.

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Scenario's are very different every year, although history might repeat itself, it's not a guarantee. We've seen the price movement in a zigzag manner and then sideways for the longest time.

Hopefully at the start of the new year, the price could still break that $50k and they stay there until we have a positive break out run in January. Stop about looking for a new ATH for a while, just like the market be healthy again not like going sideways.

[buwaytress]

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Yeah, was a bummer for me too. Wasn't actually expecting 50k to be broken, but it did, and even touched 52 -- so a real bummer we pulled back  quite a bit in the final hours of 2021.

It's all really tricky now, as always, never enough volume (selling or buying is paltry really) to push a decisive move in either direction.

Not even sure if January will provide any clarity either.

[cryptomaniac_xxx]

Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.

On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.

Yeah, was a bummer for me too. Wasn't actually expecting 50k to be broken, but it did, and even touched 52 -- so a real bummer we pulled back  quite a bit in the final hours of 2021.

It's all really tricky now, as always, never enough volume (selling or buying is paltry really) to push a decisive move in either direction.

Not even sure if January will provide any clarity either.

Agree, it will be a very difficult month again for us this January, as there are no clear path as to where investors wanted the price to be. There might still be some who will push the price, but majority seems to be selling at the point of every bounce back (like the $52k price that we've seen last week).

So we are threading in a dangerous water so to speak, and might not actually be in the middle ground but more of tipping on the side of a bearish market.