Bitcoin run up is coming

[cryptomaniac_xxx]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

Absolutely right. The crypto Market went down sharply last week due to shocking news of new variant of covid-19 virus discovered in South which is very fatal and spreads faster and this virus is capable to evade Body immune system.This  news caused panic selling in all markets including stocks, commodities and crypto. Though Bitcoin price recovered but still very sluggish and  new ATH by end of 2021 seems difficult to achieve.

Yeah, it could be the main reason for the sudden decline in the price, as we no longer are in the $60k'ish and it's becoming more difficult to touch that price again as it keeps on trading sideways. The last great increase was up to $59k, but after that it goes to $56k again. So we will have to see how it will pan out this December, for sure the whole market will no longer be in panic mode next month.

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[rodskee]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

Absolutely right. The crypto Market went down sharply last week due to shocking news of new variant of covid-19 virus discovered in South which is very fatal and spreads faster and this virus is capable to evade Body immune system.This  news caused panic selling in all markets including stocks, commodities and crypto. Though Bitcoin price recovered but still very sluggish and  new ATH by end of 2021 seems difficult to achieve.

I don't think that Corona Virus is still affecting the market , there are even many variants comes out recently and yet the market did not respond so nope this is not the real effect.
and price drops down sharply? lol bitcoin only fell down to 56k from 58k so is that a hardly falling? I'm not sure what does that mean 

Anyway  the market is responding good now again so the virus effect is losing? 

[alexsetiawan]

I think bitcoin is still sideways for this week, but for altcoins there will be some that will pump in price and new ATH, like eth and bnb

[Devifajarina]

I think bitcoin is still sideways for this week, but for altcoins there will be some that will pump in price and new ATH, like eth and bnb

Today BNB and Ethereum are quite good in the market, after a correction to bitcoin, BNB and Ethereum are in a good trend in the market, this affects the market conditions for popular Altcoins, but slowly bitcoin is also in the recovery phase, it's a sign that Bitcoin and Altcoins are on the way pumping at the same time, and hopefully by the end of this year the market will be back on the right track and be able to get the most out of our investment.

[RealMalatesta]

I don't think that Corona Virus is still affecting the market , there are even many variants comes out recently and yet the market did not respond so nope this is not the real effect.
and price drops down sharply? lol bitcoin only fell down to 56k from 58k so is that a hardly falling? I'm not sure what does that mean  

Anyway  the market is responding good now again so the virus effect is losing?  

I would say "market" does react to it, but it reacts this much and not more. So, it is of course not a great situation and I get it, but at the same time it is not end of the world type of situation neither. We should be basically just forget about the huge ups and downs due to covid anymore. With some more increase here and there, there could be some small drops as well, or if there are better vaccinations or better numbers suddenly then we could see some increase but that's about it.

Plus, I do not agree that covid being bad should make bitcoin price drop neither, I believe that if covid suddenly got worse than bitcoin should go up in price. World getting a lot more online was one of the main reasons why we had such a huge price in bitcoin for the past 1.5 years, if the world goes back to being almost fully online then bitcoin could probably reach to 100k.

[temple]

I don't think that Corona Virus is still affecting the market , there are even many variants comes out recently and yet the market did not respond so nope this is not the real effect.
and price drops down sharply? lol bitcoin only fell down to 56k from 58k so is that a hardly falling? I'm not sure what does that mean  

Anyway  the market is responding good now again so the virus effect is losing?  

I would say "market" does react to it, but it reacts this much and not more. So, it is of course not a great situation and I get it, but at the same time it is not end of the world type of situation neither. We should be basically just forget about the huge ups and downs due to covid anymore. With some more increase here and there, there could be some small drops as well, or if there are better vaccinations or better numbers suddenly then we could see some increase but that's about it.

Plus, I do not agree that covid being bad should make bitcoin price drop neither, I believe that if covid suddenly got worse than bitcoin should go up in price. World getting a lot more online was one of the main reasons why we had such a huge price in bitcoin for the past 1.5 years, if the world goes back to being almost fully online then bitcoin could probably reach to 100k.

I think what has an influence when it comes to covid is fear and uncertainty when people would actually like to make their buying decision, but they really can't because they don't know in what situation they will be in a couple of months from now. Everyone is a bit more careful or even a lot more careful when it comes to investments and that is totally comprehensible. We might see that uncertainty stay for a while, but maybe we will have an even better Spring for cryptocurrencies in 2022. That is my guess for how this all could play out.

[arufox]

High inflation, especially in Europe, has become a concern for market players, including in the crypto market. When inflation is high, investors tend to look for other investments that can be used as hedges so they choose to invest in bitcoin. Therefore, the higher inflation in Europe becomes a positive catalyst for bitcoin so that the bitcoin run-up is coming soon.

[Devifajarina]

High inflation, especially in Europe, has become a concern for market players, including in the crypto market. When inflation is high, investors tend to look for other investments that can be used as hedges so they choose to invest in bitcoin. Therefore, the higher inflation in Europe becomes a positive catalyst for bitcoin so that the bitcoin run-up is coming soon.

Inflation greatly affects the value of investments, so to cover it, it is necessary to switch to crypto as a whole, considering that crypto does not really have an impact on inflation that is happening now, so the right choice at a time like this is just switching to cryptocurrencies, rather than taking the risk of investing in others, and I quite agree with what you are saying.

[rhomelmabini]

High inflation, especially in Europe, has become a concern for market players, including in the crypto market. When inflation is high, investors tend to look for other investments that can be used as hedges so they choose to invest in bitcoin. Therefore, the higher inflation in Europe becomes a positive catalyst for bitcoin so that the bitcoin run-up is coming soon.

And now we are about to witness the dip before we see a new ATH before the year ends. A tragicomedy? Well, hoping what you thought of this catalytic event could happen because I'm totally holding my bitcoins to witness the near 6 figures or even breach it.

[Kelvinid]

High inflation, especially in Europe, has become a concern for market players, including in the crypto market. When inflation is high, investors tend to look for other investments that can be used as hedges so they choose to invest in bitcoin. Therefore, the higher inflation in Europe becomes a positive catalyst for bitcoin so that the bitcoin run-up is coming soon.

And now we are about to witness the dip before we see a new ATH before the year ends. A tragicomedy? Well, hoping what you thought of this catalytic event could happen because I'm totally holding my bitcoins to witness the near 6 figures or even breach it.

It always started with the dip before the surge happens and lead to the new ATH. That is why I accumulate some coins in preparation for the next rally. Well, it needs patients as well but we are all get rewarded for that.

6 figures? You mean we might reach $100,000 someday. Yeah, that is always possible and the majority had thought that as well. But I think we stop first at $80,000, then next $90,000 before that. It seems a long wait for us but seems not hopeless, anyway.

[STT]

Here is a decent take for some brighter scenario in the gloom, we approach a regular low in the averages for BTC.   It doesnt have to turn around here but likely more people can speculate on such an event and a rise occurs at the very least in the shorter term.



The 50 day is a regular point to note for bullish action but here is the 50 week or yearly average we have traded above for most of this year.  I do think we can also end this year above this pricing also.

[Ziskinberg]

After the dip Bitcoin will surely rise or recover,sometimes Bitcoin price get affected of some negative news from the mainstream media the Chinese fud, and other negative feedback from the different country. But this is not new to us after a months or a week we will see Bitcoin will recover for now let's wait and hold our bags for good.

We will see, as of now, we are still in a crucial stage as bitcoin still struggles to recover to the $50k range. Remember that bitcoin was just trading in the $60k range before we experience the huge dump, so it's also possible that the bear market will start earlier than expected.

[Woodie]

Now that the inflation is rising in Europe, caused by energy costs ?! <G> there will be a run on bitcoin to maintain wealth.

The inflation is already at 4 to 5% maybe even higher.

The problem with energy costs is that they affect they whole economy, food prices will go up, cost of manufacturing/production will also go up which could also mean that if we have miners here they could scale down because of the anticipated high costs but that is unlikely .I guess expected reaction could be to go the bitcoin/stablecoin way to protect their worth.

This can not continue for longer before rich people start to get very nervous.

If there ever was a time where bitcoin is going to skyrocket out of control, it's the coming 3 to 6 months ! =D

Banks will panic, Banks will buy bitcoin too, with bank account holder savings.

The forecast is spot on, I guess the bullish storm is upon us again

[Cryptock]

After the dip Bitcoin will surely rise or recover,sometimes Bitcoin price get affected of some negative news from the mainstream media the Chinese fud, and other negative feedback from the different country. But this is not new to us after a months or a week we will see Bitcoin will recover for now let's wait and hold our bags for good.

We will see, as of now, we are still in a crucial stage as bitcoin still struggles to recover to the $50k range. Remember that bitcoin was just trading in the $60k range before we experience the huge dump, so it's also possible that the bear market will start earlier than expected.

It is true that the recent price drops are worrying, but in my opinion this is not the beginning of the bear market. I think that before the end of the year we will have a new ATH on the Bitcoin price.

[lepbagong]

After the dip Bitcoin will surely rise or recover,sometimes Bitcoin price get affected of some negative news from the mainstream media the Chinese fud, and other negative feedback from the different country. But this is not new to us after a months or a week we will see Bitcoin will recover for now let's wait and hold our bags for good.

We will see, as of now, we are still in a crucial stage as bitcoin still struggles to recover to the $50k range. Remember that bitcoin was just trading in the $60k range before we experience the huge dump, so it's also possible that the bear market will start earlier than expected.

It is true that the recent price drops are worrying, but in my opinion this is not the beginning of the bear market. I think that before the end of the year we will have a new ATH on the Bitcoin price.

indeed we have to hold back when the last ATH is approaching and want to break through $70K, but we don't expect the price to correct deep enough even though this is usually done by bitcoin, but speculation is growing that bitcoin will indeed continue at its current price and will start moving in the following year . but we know that usually bitcoin at the beginning of the year there is always a correction, so if not by the end of this year then bitcoin will have difficulty increasing again.

[btc78]

is this the ranking up coming? https://coinmarketcap.com/currencies/bitcoin/ is this the market that showing about the incoming growth? i don't think so 
Bitcoin even struggling yo reach and stand to 50,000 level again in which being denied now, from the denial of 60k recent weeks, now its getting deeper .
so what are your belief now? are we going to another hype or we will be dumping as Bull Trap taking over?

After the dip Bitcoin will surely rise or recover,sometimes Bitcoin price get affected of some negative news from the mainstream media the Chinese fud, and other negative feedback from the different country. But this is not new to us after a months or a week we will see Bitcoin will recover for now let's wait and hold our bags for good.

So when will it be? recovery happens now but just a tiny part comparing to how much is the dump meaning we are drowning and drowning these days.

[poldanmig]

After the dip Bitcoin will surely rise or recover,sometimes Bitcoin price get affected of some negative news from the mainstream media the Chinese fud, and other negative feedback from the different country. But this is not new to us after a months or a week we will see Bitcoin will recover for now let's wait and hold our bags for good.

Some fud news still continue to hit bitcoin today, causing the price of bitcoin to fall in the market, in my opinion the emergence of a new corona virus variant has caused excessive fear in some countries and of course this has also triggered the current bitcoin market condition, besides that I think it is bearish what is happening now is very reasonable because previously bitcoin experienced a sharp strengthening in the last year and if I'm not mistaken bitcoin has strengthened almost around 200% this year.

[LUCKMCFLY]

I think the price of Bitcoin is at a very psychological level, the entry of purchases by Microestrategi for more than 700 thousand BTC and now El Salvador are very good signs, when we take into account everything that can happen, the market is still It has not taken the corresponding turn, I have the theory that while the market fell almost to $ 52k, Microestrategi bought and then Bukele came buying as well, it is not confirmed but it could be spoken of two small whales that have made the market move only a little, But the big whales, the ones that can actually move the market, haven't made the move yet.

[davis196]

OP,your "analysis" is pretty much a joke.I guess you are being sarcastic.
The energy crisis and inflation in Europe won't lead to mass Bitcoin adoption.
1.The rich people couldn't care less about inflation,since inflation boosts the prices of all assets and the rich people usually own multiple assets.
2.The European banks won't buy Bitcoin,because the European central bank won't allow them to buy.
3.The "average Joe" in Europe isn't interested in crypto/blockchain technology.The Bitcoin price dropped currently.How can the people be convinced to buy BTC as a protection of their wealth,since the Bitcoin price can crash at any given moment?
I also believe that the Bitcoin price will recover in 2022,but your analysis is simply hilarious.

[bitterguy28]

The market have got disturbed and now bitcoin has come around $56k. Along with bitcoin there is decline in the price of ethereum reaching around $4000. The critical resistance of the market seems to test the $50k by this weekend. More institutional investors will buy the dip as there is assured recovery of the market to reach new ATH over the falling year.

Absolutely right. The crypto Market went down sharply last week due to shocking news of new variant of covid-19 virus discovered in South which is very fatal and spreads faster and this virus is capable to evade Body immune system.This  news caused panic selling in all markets including stocks, commodities and crypto. Though Bitcoin price recovered but still very sluggish and  new ATH by end of 2021 seems difficult to achieve.

The market will never be affected by that Covid  pandemic again , we have already established the market long ago against this news.

the issue now is different from tha new variant and trust me this is not about covid.

It is at some belief is manipulation , we cannot also call this as correction because the prices already corrected few weeks ago when the bitcoin price drops down to below 30k .