Bitcoin price is in a downtrend, will it last long or temporary?

[Lucius]

It will continue to fall and will never recover. It will reach 0 and disappear, lol.

Don't be so negative, some will scare and dump everything they have - I've heard that some don't understand lol as laugh out loud, but as an acronym for a lollipop🍭

I think a good news about the weird trend we've been seeing ever since April is that to some extent this trend has broken the 4 year cycle and we may finally see a new cycle with very new trends form from now on. This could potentially mean no huge bubbles and no 12 month long bear markets.

The next 3 months will give us an answer to that question, so if we don't have a new ATH, everything that happened before will become a thing of the past. In that case, those who often use the saying "Past performance is no guarantee of future results" will finally be right (when it comes to Bitcoin).

I am confident that they'll be running out of ammo.

I don't believe that will happen, they have enough ammunition to continue to affect the crypto market. What we forgot to mention is another negative story that has spread to the media like the extra infectious virus - and that is that Bitcoin mining causes the generation of huge amounts of electronic waste - every transaction is, according to some researchers, the equivalent of throwing 2 iPhone Mini in the trash. It’s not exactly China or SK magnitude news, but we all know what it’s for - to convince environmentally conscious people that Bitcoin is bad for the environment - I wonder how many of them have given up investing precisely because of it.

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[NeuroticFish]

What we forgot to mention is another negative story that has spread to the media like the extra infectious virus - and that is that Bitcoin mining causes the generation of huge amounts of electronic waste - every transaction is, according to some researchers, the equivalent of throwing 2 iPhone Mini in the trash. It’s not exactly China or SK magnitude news, but we all know what it’s for - to convince environmentally conscious people that Bitcoin is bad for the environment - I wonder how many of them have given up investing precisely because of it.

Sorry, but I don't believe that. I am sure that they've missed or mistaken something big. But I didn't spend time to research more (life is too short to spend on every news).
And it's not at the same magnitude as the China FUD because:
1. I think that, like me, there are many that didn't believe it.
2. The China news, if it would be new, could have devastating effect on the markets and price (many Chinese users dumping their coins), while humans produce huge quantities of waste every second and not many care.

[noormcs5]

Before telling something about this topic we should see previous years particularly September and October .These months are under down market cap .Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation BTC price is temporary downtrend but not permanent or long last .

Previous month Bitcoin prices trend may not replicate the current trends and we may have different price actions in coming months.

We need very bullish news to pump the market because right now it seems that Bitcoin will fall below 40,000 in few days.

[Spack17]

In the last 7 days, there were so many times that Bitcoin price had ups and downs. In this situation, it is not easy to predict whether this downtrend will last very long or not. But there is still an expectation from the market to have a bull run soon. I hope that it really happens and we get rid of this dire condition of the market. Otherwise, I will start thinking that we are in another bear market now.

[davis196]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Is has been stated many times on the forum that:
1.September is a bad month for Bitcoin.
2.China FUD strikes again...

Are you so desperate for a 50-60K Bitcoin price?It's not the end of the world,if the Bitcoin price remains under 50K for the next months.I was expecting a bull run by the end of the year,but everything will be fine,if such bull run doesn't happen.A new Bitcoin ATH will be delayed for the next year,I guess.
Of course that Bitcoin price trends are temporary.It doesn't matter if it's a upward or a downward price trend.
Also,It depends of what do you mean by "long".It can be several weeks,a few months or a few years.
If we are talking about Bitcoin,long term means several months.

[Rimueng]

I know what you feel, It's ok bro, just prepare new investments to respond to this, this certainly doesn't mean that bitcoin doesn't have good hopes ahead, profits are still there for the long term.
Although it can't be confirmed exactly, it would be nice to stay optimistic and patient, it will definitely touch $50k again and even more, just don't be despair.

I hope so. however, the impact of China's vigorous spread of FUD has a profound effect on bitcoin and altcoins. Bitcoin has been stuck in the around $42,000 range for weeks after dropping from the $52,000 level it hit in early September.

[ultrloa]

I know what you feel, It's ok bro, just prepare new investments to respond to this, this certainly doesn't mean that bitcoin doesn't have good hopes ahead, profits are still there for the long term.
Although it can't be confirmed exactly, it would be nice to stay optimistic and patient, it will definitely touch $50k again and even more, just don't be despair.

I hope so. however, the impact of China's vigorous spread of FUD has a profound effect on bitcoin and altcoins. Bitcoin has been stuck in the around $42,000 range for weeks after dropping from the $52,000 level it hit in early September.

Did you see a huge reaction of price towards that fud? No right we are still seating at $42k which is not bad value for bitcoin to reach at the moment although we know that it touch to the figures you said but consider also that dumping scenario is pretty normal knowing crypto market is volatile, maybe slight panic contributes on this dump but for sure we cannot see this last for long time and bitcoin will recover back and reach another good figures this year.

[Anonylz]

Since the FUD campaign hasn't ended and is only growing

I am confident that they'll be running out of ammo.
The news about Twitter tipping together with those about BitPay/Verifone partnership seem to already get stronger than the new (LOL) "China ban".

But, on the other hand, it's better to not be overconfident either.

I can't wait for those news to be in their face, China always trying to screw the market over every opportunity they get with their fake crypto ban news, am glad the market is gradually getting use to those fud and the impact the getting less, it will fade out eventually.

[romero121]

The market trend is downward, and for time being there is regular price fluctuation. This market trend seems to continue for some time period. Even after marking little bullish trend the price once again drops down. There is more possible chances of downtrend for long time period. More users are getting into the market. At the same time more negative news is getting circulated around. Maybe a big positive news will change the market trend.

[Questat]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue ...

Let it dump, we don't have control with this unless if people don't sell their Bitcoin, then it could help. But the fact that we are in a volatile market, that seems to be like and does it worth worrying about? Maybe we should have to understand its feature and this downtrend make someone to benefit for this, rich people and some investors will never take this for granted, they surely put money for this.

or will it return to the $50,000 to $60,000 price level next month?

There is some reason why we think that and that is because it has happened already in the previous days. And besides, some experts thinking more, $100k? Well, we have to touch first to $60k as it was close to the possibility.

[Rimueng]

Before telling something about this topic we should see previous years particularly September and October .These months are under down market cap .Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation BTC price is temporary downtrend but not permanent or long last .

Indeed, the condition of the Bitcoin price which is currently falling is a natural thing. Fundamentally, I believe the price of Bitcoin is still strong and still showing strengthening. This can be seen from the significant number of Bitcoins leaving the exchange. Therefore next month the price of bitcoin will go up again.

[ethereumhunter]

Since the FUD campaign hasn't ended and is only growing

I am confident that they'll be running out of ammo.
The news about Twitter tipping together with those about BitPay/Verifone partnership seem to already get stronger than the new (LOL) "China ban".

But, on the other hand, it's better to not be overconfident either.

I can't wait for those news to be in their face, China always trying to screw the market over every opportunity they get with their fake crypto ban news, am glad the market is gradually getting use to those fud and the impact the getting less, it will fade out eventually.

People will learn about that and will not think much about their negative news so hopefully, they will calm down whenever China spreads more negative news like before. That will not work anymore in the future, especially when people know the real fact or the motive behind that news. Besides that, I think China will use the other method if they think that the market is not impacted by what they say. They will use many ways to make the crypto market fall.

[proudhon]

Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

I've proven it will continue indefinitely from here. There will never be another all time high for bitcoin. Sure, there will be occasional price increases, but those will be just noise within a larger, proven downtrend. The price of bitcoin will never again go over $50,000. From an investing point of view, bitcoin presents a great short opportunity from here on out, forever.

[sujonali1819]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

When you ask that Bitcoin will reach 50-60k exactly in next month then this is very hard to say. Because nobody can guess the future that something can happen in exact/little time period. And in general, the market condition is not good, this seems like bearish. So if I think it in general , this will not happen in my view. But anything anytime can happen in crypto.

But when you ask that Bitcoin will reach 50-60k in the future or in next some years then I will say this is really possible and will happen.

[NeuroticFish]

I've proven it will continue indefinitely from here.

Let's not scare people just like that   All you've proven until now was that you don't really exceed at making good predictions (and I may be overly kind)
Hint: people, just look at this account's history.

[Kyraishi]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Nobody can tell you whether it will rally in the next month. The markets are irrational and random at the best of times.

But in the long run, if you are a long term bitcoin believer, you shouldn't even worry about price.

1 BTC is 1 BTC and it will go up naturally as fiat depreciates over time. These short term moves are peanuts in the big scheme of things.

[Oasisman]

Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

I've proven it will continue indefinitely from here. There will never be another all time high for bitcoin. Sure, there will be occasional price increases, but those will be just noise within a larger, proven downtrend. The price of bitcoin will never again go over $50,000. From an investing point of view, bitcoin presents a great short opportunity from here on out, forever.

Here you go again with your legendary predictions . I guess the last you said Bitcoin will never bounce back after it fell down to $38,000 recovers up to $50,000 level in just a few weeks. You may want to check on your crystal ball to see if it's working properly lol.

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Downtrend may continue If we won't find any relevant news as an alternative cure for the China banning FUD. It has been proven before everytime China works on their FUD that the price would always react. So, I guess this is kinda normal price reaction.

[wxa7115]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

I do not really see a reason to get worried about what is happening, it is true the setback is important and now we are close to the 40k level which is critical, but what we are seeing is completely natural, the markets in general are going down, not only this market, and this is because there are fears because of what is happening at China and because the pandemic is still not under complete control.

So investors are fearful, however I do not see a reason to be worried as even under the worst circumstances bitcoin is bound to do well, even if at some point we see an important setback in the price which takes it below the current levels.

[samcrypto]

The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Its hard to say because the market is getting worse and I don’t see any strong buying volume so for now we are heading down and it make take us more time before we recover.

If we can stop this at least on the support level then we can have a chance to pump again but as long as there’s panic in the market, we can’t go up yet. Next month should be a good one, we have to rise again to end this year on a high note and bring that momentum next year so we can achieve a new time high again.

[STT]

There is a ceiling to the price but its not especially harsh, so its about profit taking and consolidation on a yearly basis because we rose so much this seems correct to occur and not a negative in the wider picture long term.



Theres no way to be sure before the fact, we can just estimate where is the easiest place for price to find support.   The first week of 2021 had a price we are not likely to breach near term imo, it was resistance after the initial May fall and proving support now is some bullish sign.