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

[add1ct3dd]

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.

Usually most improvements and price changes happens when there is a "news". It could be crypto related, it could be non-crypto related but could matter to us, anything that is really a crypto changing thing then it does happen to change the price. We are too used to seeing china banned bitcoin type of news and we forgot that most of the ups had a good reason as well. This is why there is a good amount of people that check the news and trade based on that.

If there are also developments, that helps too, like SOL becoming big because of the development they did, same for ADA, or Axie becoming big because it literally gives people time to play and earn money, you literally play a game and earn money how awesome that could be? All of these equals to crypto markets changing and sometimes it changes to a point where it is not as great or sometimes it moves to a great level like right now.

[FanEagle]

If we look at it on face value, the price increased but every increase speaks about something else. I believe it increased very decently this time around but I believe it was much better than just an increase. For example, lets assume price starts at 42k, one day it goes to 48k, is that good? Of course it is good, but lets assume it starts with 42k but goes to 58k, isn't that much better? Of course it is much better.

This is why I believe there is a good chance that we could see a lot higher right now as well. The only reason why I am thinking like this is that we didn't had only just a recovery, we literally had a whole bull run during this period and you never know when the bull runs will stop.

[bots1]

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 think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

[BuNga_cute]

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 think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

Bitcoin's 14% increase this week is a good result, so it's only natural to be optimistic that the downtrend is over. So the price of Bitcoin is very likely
starting this month will continue to rise until the end of the year, but it's possible that the opposite can happen. This is why investing in Bitcoin
must be careful, because the risk is very high, the price of Bitcoin is volatile and difficult to predict. A good plan and strategy is needed, so we can
also prepare for the worst scenario that will happen, so whatever will happen we are ready to face it.

[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.

Luve you Proudhon. 

[wxa7115]

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.

This is in fact something that I see a lot, people seem to forget that there is more than one trend in the markets, short term trends may make it seem as if the direction of the market is about to take one direction, but once you begin to see a larger time frame you realize that this huge trend everyone is so worried about seems like a little correction when we look at it in a different time frame.

Which is why any trading or investing system should in theory look at two different charts to determine if it is a good idea to make a trade or not, as you could be deceived by the short market trends and take a position opposite to the overall long term trend of the asset you want to trade.

[Finestream]

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 think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

Bitcoin's 14% increase this week is a good result, so it's only natural to be optimistic that the downtrend is over. So the price of Bitcoin is very likely
starting this month will continue to rise until the end of the year, but it's possible that the opposite can happen. This is why investing in Bitcoin
must be careful, because the risk is very high, the price of Bitcoin is volatile and difficult to predict. A good plan and strategy is needed, so we can
also prepare for the worst scenario that will happen, so whatever will happen we are ready to face it.

I can see that bitcoin is very bullish as of this moment but we should not expect that it will always stay in there. Bitcoin has a very high volatility so the current price is not really permanent as it will surely bound to change. We can say that the downtrend is over and we are now facing its journey to its new ATH but since price corrections always have its own way and its always inevitable, so its a good thing that we should be ready for it and take some other profitable measures if possible.

[milewilda]

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 think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

Bitcoin's 14% increase this week is a good result, so it's only natural to be optimistic that the downtrend is over. So the price of Bitcoin is very likely
starting this month will continue to rise until the end of the year, but it's possible that the opposite can happen. This is why investing in Bitcoin
must be careful, because the risk is very high, the price of Bitcoin is volatile and difficult to predict. A good plan and strategy is needed, so we can
also prepare for the worst scenario that will happen, so whatever will happen we are ready to face it.

I can see that bitcoin is very bullish as of this moment but we should not expect that it will always stay in there. Bitcoin has a very high volatility so the current price is not really permanent as it will surely bound to change. We can say that the downtrend is over and we are now facing its journey to its new ATH but since price corrections always have its own way and its always inevitable, so its a good thing that we should be ready for it and take some other profitable measures if possible.

Whenever you do step your foot into this market then you should really be prepared on things or situations like this on where price could really be unpredictable.It could easily make out some switch up
neither from bullish to bearish and bearish to bullish in a short span of time which it cant really be predicted precisely if you do ask me.Everything would really be temporary and this is why profitability
on each trader will vary on how they do make out decisions whether getting out on the right time or buying or getting in on the right time even though it isnt on point but basing up with your
experience then you do at least know on what you would gonna do.

[Botnake]

If we look at it on face value, the price increased but every increase speaks about something else. I believe it increased very decently this time around but I believe it was much better than just an increase. For example, lets assume price starts at 42k, one day it goes to 48k, is that good? Of course it is good, but lets assume it starts with 42k but goes to 58k, isn't that much better? Of course it is much better.

This is why I believe there is a good chance that we could see a lot higher right now as well. The only reason why I am thinking like this is that we didn't had only just a recovery, we literally had a whole bull run during this period and you never know when the bull runs will stop.

I guess its the most awaited moment we have been looking forward to happen and finally, bitcoin is now moving forward to its bullish trend. But admit it or not, in a market like this, there is no guarantee that the market will always seem so positive. The market will definitely turn sideways and its the fact that we should learn to prepare for it. I can't totally say that the downtrend is over as no one us here can predict what will be in the next to happen but as far as the crypto market is concern, the whole crypto market is bullish because of bitcoin that is leading the market in a positive direction.

[leea-1334]

I guess its the most awaited moment we have been looking forward to happen and finally, bitcoin is now moving forward to its bullish trend. But admit it or not, in a market like this, there is no guarantee that the market will always seem so positive. The market will definitely turn sideways and its the fact that we should learn to prepare for it. I can't totally say that the downtrend is over as no one us here can predict what will be in the next to happen but as far as the crypto market is concern, the whole crypto market is bullish because of bitcoin that is leading the market in a positive direction.

Yesterday caused some panic in some places though, even though it was only 5% drop but already news talking about oversold fears and even bullish news warned it could go bad but here we are again back to coming 58k,,, seems so easy to make up the losses in less than 24 hours.

And even better even alts are improving greatly now ETH jumped almost 10% today, so they even are confident of Bitcoin making sure of the rally this time.

[rahmatrf331]

bitcoin is holding between $55k - $57k. Bitcoin price is likely to be slightly bearish in the next two days, but that's not affected in the longer term segment. many investors are a little worried about this condition, because the graph is a little worrying between bullrun and bearish.

[asrinur]

I think now bitcoin price is in an uptrend since last week. The bitcoin price has again broken through the current $57k level. Therefore I think the target price of $60k will be reached within this month.

[rincoeng1986]

I think now bitcoin price is in an uptrend since last week. The bitcoin price has again broken through the current $57k level. Therefore I think the target price of $60k will be reached within this month.

yes bitcoin is entering the support phase and many investors are panic buying at this time. investors started to adopt as many as they believed bitcoin would reach high levels. they have a target in december can get as much profit as possible and no doubt they will be the lucky ones.

[BuNga_cute]

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 think the downward trend in bitcoin price is over. Entering the month of October, Bitcoin price movements are very significant. Bitcoin bounced back up to the current $57k level. The potential to continue strengthening continues until the end of this month. Therefore I think the $60k figure will be easy to break this month considering the bitcoin price has already reached $57k.

Bitcoin's 14% increase this week is a good result, so it's only natural to be optimistic that the downtrend is over. So the price of Bitcoin is very likely
starting this month will continue to rise until the end of the year, but it's possible that the opposite can happen. This is why investing in Bitcoin
must be careful, because the risk is very high, the price of Bitcoin is volatile and difficult to predict. A good plan and strategy is needed, so we can
also prepare for the worst scenario that will happen, so whatever will happen we are ready to face it.

I can see that bitcoin is very bullish as of this moment but we should not expect that it will always stay in there. Bitcoin has a very high volatility so the current price is not really permanent as it will surely bound to change. We can say that the downtrend is over and we are now facing its journey to its new ATH but since price corrections always have its own way and its always inevitable, so its a good thing that we should be ready for it and take some other profitable measures if possible.

Until now Bitcoin is still showing a positive trend, Bitcoin price going higher is very likely to happen. Therefore we can be happy if we are still
holding Bitcoin until now, but indeed bad things could happen in the near future. Because we all know the volatile Bitcoin price movements,
it is very possible for Bitcoin prices to fall suddenly. So I agree with your suggestion, we can take profit from some of the Bitcoins that we have.
When the price of Bitcoin falls suddenly, we can buy more Bitcoin at a cheap price.

[palle11]

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

The today price got to $60k and got a bounce back. The resistance of $60k may be tested again during the weekend or anytime soon. The rebounce is locking price back to $59,450 maybe another test for the resistance will break it up to ATH that will totally leave the area of $60k because it will come with a rush.

[btc78]

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?

You made this post at the last quarter of 2021 , when you meaning sees what happened at 1st quarter of 2020 right/ when after couple of months from dumping down more than double digits? bitcoin come to recovered and then make a History till 2021  so why ask this? because you are not comfortable what is the value of your funds that time?
well it continued falling till now but there are several occasions that recovery happens but a little compared to what is the value from ATH.