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

[jaberwock]

Reaching $51k is good news because we are now making a profit from the increase, and we should be happy about that. Some already regret not buying bitcoin when the price is still lower because they believe it can touch that price. Maybe the price can touch the price but we do not know if that can happen or not. So while the price now increases and back to $51k, it is better to use that for our benefit and sell some bitcoin if we want.

I still sort of "regret" not buying earlier. I mean sure I bought as much as I can afford to buy and I had not much money left which I needed to live, so I do not exactly regret it, obviously I would regret more if I had more money that I could buy and didn't. However, it is still a good feeling to know that I was right to buy when it was lower and I knew that it would go up.

Many people were calling for a bear run and said that it will not be doing well, yet at the end of the day we ended up with something that is much higher and that makes me happy. Basically not only I made money on my prediction but also I can say I was right compared to all those other people.

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[jakdanyel]

The downtrend of Bitcoin price is already gone in a very short period of time. It turned out to be a temporary one. But it was really surprising too. Because nearly all of us were waiting for the price to go down after the China FUD. It would really affect the market in a bad way. But we have witnessed completely the opposite so far. Bitcoin's volatility worked for the benefit of people this time. 

[barbara44]

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

[redsun114]

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Yeah, the reversals are pretty fast in crypto and it is very hard to catch them all. I have to say that it is clear to me that crypto either crashes for a while then BAM! suddenly goes up and a lot as well, or it does exactly the opposite when crashing. I do not know how it is quite easy to change the momentum that way and that easily but I am pretty sure that it is not going to stop anytime soon neither.

Looking at how things are going, it is obvious to me that we are going to have another crash after this increase, maybe it will keep going up more and more but one day it will crash eventually, then it will also keep crashing and going down then suddenly it will start to go back up. I know that this will 100% happen but I do not know when and I do not know at what price, this is why we are not taking advantage of this fact, since all the data is not complete.

[Oilacris]

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Opposition of trends do normally happen whenever someone ask out about downtrend and suddenly the trend comes positive or increasing then its just normal to see up these kind of questions but it turns out to be

contradictory on what we are currently seeing now and this is the main behavior of the market specially with Bitcoin. State of price would be always temporary and there's no such thing about staying it up or being

stabilize.It might be a long time sideways movement but significant movements like rising or going down could happen anytime without anyone knowing.

[TravelMug]

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

We will see, but I have a feeling that we will get into a new all time high. And the next question is what will be the next all time high? 6 digits $100k?

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Everyone is entitled to his own opinion here, myself also wants to see the price to $100k or even more. Your $80k is just a conservative prediction. So let's wait, October pump might continue up to the end of the year. And we can all realised if our prediction became true or not.

[Shasha80]

Now the reverse is the real question. Bitcoin price is in a uptrend, will it last long or temporary? This is the question we need to ask ourselves now. I believe that there is a good chance we could be seeing an uptrend for a while, even break ATH and go towards 80k+ price as well.

However that is just what I believe and doesn't mean that it has to be the correct approach, maybe I am right or maybe I am wrong and I do not know which one is true right now. I am not a wizard who can see the future, I just make predictions based on what I see, sometimes I am right and make a profit, and sometimes I am wrong and hold a bag. This time I around I believe 80k+ seems possible if this goes on a little while longer.

Yeah, the reversals are pretty fast in crypto and it is very hard to catch them all. I have to say that it is clear to me that crypto either crashes for a while then BAM! suddenly goes up and a lot as well, or it does exactly the opposite when crashing. I do not know how it is quite easy to change the momentum that way and that easily but I am pretty sure that it is not going to stop anytime soon neither.

Looking at how things are going, it is obvious to me that we are going to have another crash after this increase, maybe it will keep going up more and more but one day it will crash eventually, then it will also keep crashing and going down then suddenly it will start to go back up. I know that this will 100% happen but I do not know when and I do not know at what price, this is why we are not taking advantage of this fact, since all the data is not complete.

For people who have been in the crypto world for a long time, they are used to seeing volatile price movements. Because it is very difficult to
predict which direction crypto prices will move,  even the current increase does not guarantee 100% that the market will continue to rise.
Moreover, the increase in crypto is now quite high, it is very likely that the price will correct in the near future. Indeed, if we invest in crypto,
we must get used to falling and rising prices that move very quickly. If there is an opportunity to take profit, do it immediately, delaying it will
only eliminate our chance to make a profit. Unless the coins we choose are potential coins, of course holding until the target is achieved we can do.

[Devifajarina]

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?

The downward trend at that time has returned to normal for bitcoin today, even if seen from the development of bitcoin at the beginning of the month, the price difference is very far for now, bitcoin is starting to find a pretty good value on the market, most likely by the end of the year bitcoin will reach a price of $ 60,000 and even more, if you look at market conditions and the trend towards bitcoin, many people predict bitcoin by the end of this year will be very valuable and predictions made by people are more rational than in previous years.

[Kusman]

The downtrend you mentioned didn't last long and Bitcoin price has started climbing very quickly even so the FUD that China tried to spread in the market. Now, we are talking about how much the price can go up in the coming days or even months maybe. The biggest thing that people are waiting for is of course a bull market. We have missed to see one a lot. And I think that we will see one in this year.

[DU18]

now i see the price of BTC has increased 10%+ early october which is very good as predicted by many people about the price of bitcoin in october but if you want to see the new ATH of bitcoin this month i think it will be very difficult because the price difference is very far compared to current prices.

After struggling from the decline caused by the Chinese FUD last September and currently the movement of bitcoin has managed to touch the $55k mark in a short period of time, but if you are expecting a new ATH for bitcoin this month it will not happen soon because usually after a rise the price will undergo a correction first to bounce back to higher prices.

The success of bitcoin breaking through the $55K price resistance in October is certainly very encouraging for us, with the success of bitcoin now, of course bitcoin will be able to reach the next target and be able to break through $60K by the end of this month, it's true as you said, if the possibility of bitcoin will experiencing another correction, but I see bitcoin starting to get a lot of positive sentiment so that it will make it possible for the price to rebound quickly after the correction, especially now that bitcoin liquidity in the market is quite large.

[the ghabbar]

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?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

[Mahanton]

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?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in  default when it comes to this manner.

[barbara44]

Opposition of trends do normally happen whenever someone ask out about downtrend and suddenly the trend comes positive or increasing then its just normal to see up these kind of questions but it turns out to be

contradictory on what we are currently seeing now and this is the main behavior of the market specially with Bitcoin. State of price would be always temporary and there's no such thing about staying it up or being

stabilize.It might be a long time sideways movement but significant movements like rising or going down could happen anytime without anyone knowing.

This is precisely true. Whenever I see people not being sure about what's going on, I like to remind them that crypto is something goes up up up up up and then crash, stay low low low low then skyrocket. It is just the way market is and there is nothing we can do to change it, we have to accept it as it is. There will be ups and there will be downs, that is how the market works, and not just crypto market neither, every market is like that.

Nothing can continue to be higher forever without any drops, some people need to sell to take profit, and that is what happens sometimes, people take out profit, or make trading choices and so forth. All in all I just mean that we should be not worried when it is low and take advantage of it, and not get too hyped when it is high and buy too much at the peak, because if you do these two things, then you will be fine for sure.

[savetheFORUM]

The downtrend you mentioned didn't last long and Bitcoin price has started climbing very quickly even so the FUD that China tried to spread in the market. Now, we are talking about how much the price can go up in the coming days or even months maybe. The biggest thing that people are waiting for is of course a bull market. We have missed to see one a lot. And I think that we will see one in this year.

Right now we have some better things happening as bitcoin is strongly resistance at $55K even it's not breaking this bearer but many feeling this could be turning point for this because after this next stop is very attractive and good for going high. And if it's not going to break this and falling again then surely we are going to be in bad shape, and we can face some long time here even more drop is also possible.

If there's no bad news and the market suddenly turn into downtrend, It's either a correction of the price in order to increase more or to make break out.

[STT]

The confusing part is always there are multiple trends occurring concurrently, the best way to consider action is by time frame and recognizing the largest time frames often win out in significance vs shorter term.   So we might have had a downtrend but its proved weaker then the overall rising price this year marked by the 50 week average.   That average contains alot of volume and encapsulates both main markets and weekend trading.

[Hamphser]

The confusing part is always there are multiple trends occurring concurrently, the best way to consider action is by time frame and recognizing the largest time frames often win out in significance vs shorter term.   So we might have had a downtrend but its proved weaker then the overall rising price this year marked by the 50 week average.   That average contains alot of volume and encapsulates both main markets and weekend trading.

And that what makes this market is really hard to predict on due to this kind of behavior.It could pump and dump or moving sideways and knowing on when it would happen is impossible.

Whenever there's a down trend then it is just right that you would really be making those moves on where you do accumulate coins while its still cheap but the question is on when?

Determining several factors is really hard to be done on point that's why investing on crypto is somewhat mixed out with gambling kind of acts because you wont really know on what
would happen next.

[the ghabbar]

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?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in  default when it comes to this manner.

Yes, it is true that market conditions will continue to change, both with rising and falling conditions, that is how crypto conditions continue to change without being clearly predictable, this is not a personal sentiment, but this is an analysis that has been made based on past experience, this does not involve personality in judging something , and October is a warning for every coin that exists, can it go up or down and this will be an evaluation until the end of the year, let's wait for developments until the end of this year?

[megadeth]

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.

Luve you Proudhon. 

[Natalim]

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?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.

Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in  default when it comes to this manner.

Yes, it is true that market conditions will continue to change, both with rising and falling conditions, that is how crypto conditions continue to change without being clearly predictable, this is not a personal sentiment, but this is an analysis that has been made based on past experience, this does not involve personality in judging something , and October is a warning for every coin that exists, can it go up or down and this will be an evaluation until the end of the year, let's wait for developments until the end of this year?

Well, i guess everyday is an evaluation for bitcoin since no one of us can really make a right prediction. But if we trace the history from the past years, the last quarter of the year is really a good time to look forward to since bull run is mostly witnessed in this time. The market may continue to change but there are high chances that it will be more on positive news and trends and that will definitely boost more the momentum of bitcoin so it can start working on its new ATH.

[slaman29]

Well, i guess everyday is an evaluation for bitcoin since no one of us can really make a right prediction. But if we trace the history from the past years, the last quarter of the year is really a good time to look forward to since bull run is mostly witnessed in this time. The market may continue to change but there are high chances that it will be more on positive news and trends and that will definitely boost more the momentum of bitcoin so it can start working on its new ATH.

It doesn't happen every year's Q4 but yes, it does seem to happen to signal the coming rally (as it did last year from October/November 2020) and it also performs strongly in the year of the rally itself (which is this year).

I hope the bad Q1 after the rally year doesn't happen next year though but if it does, accumulation time again, so we can't stay sad for very long if that turns out to be the case.