Are we in a bear trap?

[Mauser]

Doesn't look like a bear trap to me at the moment, rather a sideways trend. I'm December we had a couple of negative news that prevented a recovery, but it's also not too bad. Now during the holiday season I would expect most traders to lay low, same goes for the first 2 weeks in 2022. Since bitcoins still seem strong around the 50,000 USD barrier I would expect a rise again in spring next year. So waiting now for prices like 35,000 USD doesn't seem realistic. Hoping for the perfect price to buy might end up missing out on the next rally.

[TheGreatPython]

So if we said 2025 or upto 2030 perhaps, its possible 100k can take that long but I do think it occurs on the precondition that BTC itself at least remains as valid and used as it is presently.

Bitcoin is always going to remain valid and used actively although I agree other cryptos are taking a share of the market rapidly. That said, they are all categorized as altcoins while Bitcoin is sort of standalone crypto so it will always remain valid and active.

I am sure $100k will be hit within 2022 itself, we don't have to look at 2025 or 2030 that time around we may be looking at million dollars maybe.

[Botnake]

So if we said 2025 or upto 2030 perhaps, its possible 100k can take that long but I do think it occurs on the precondition that BTC itself at least remains as valid and used as it is presently.

Bitcoin is always going to remain valid and used actively although I agree other cryptos are taking a share of the market rapidly. That said, they are all categorized as altcoins while Bitcoin is sort of standalone crypto so it will always remain valid and active.

I am sure $100k will be hit within 2022 itself, we don't have to look at 2025 or 2030 that time around we may be looking at million dollars maybe.

If the market will recover from this whole correction, i think we will end this year close to $60k at least. So its not bad at all to expect $100k by 2022 as we are really heading to its upward trend. If the market will attract positive news consistently, bitcoin price will eventually reach higher than $100k seeing how volatile it is.

However, we should not also close our minds that the bear season will also happen at the first quarter of 2022, but i know after rainy days a rainbow will appear, so its like a bullish season after its bearish trend.

[milewilda]

So if we said 2025 or upto 2030 perhaps, its possible 100k can take that long but I do think it occurs on the precondition that BTC itself at least remains as valid and used as it is presently.

Bitcoin is always going to remain valid and used actively although I agree other cryptos are taking a share of the market rapidly. That said, they are all categorized as altcoins while Bitcoin is sort of standalone crypto so it will always remain valid and active.

I am sure $100k will be hit within 2022 itself, we don't have to look at 2025 or 2030 that time around we may be looking at million dollars maybe.

Being optimistic isnt bad but dont anticipate or hope that much that the market or price would really be like that on upcoming years to come or in next years because its never been a guaranteed thing for
these things to happen because market is truly unpredictable no matter what this is why its really hard to make out conclusions basing up on volatility alone on this market
Bear or Bull trap it wouldnt matter because it could really happen in an instant whether there are sentiments around or totally having nothing at all
which it is really hard to make out such move.

[lixer]

100k will happen, its the opposite as stated there that somehow everyone knows its just a dream.

We have already touched 60k and even 70k I believe so 100k is not a dream but a very realistic and near-future price, possibly. So, by considering the potential of bitcoin and about on-going adaption rate, I guess we are going to have another strong bull rally which might be taking us into new heights.

Bear trap might be a right term to call the current scenario of bitcoin market as market is able to hold above $47k levels which means we still have stronger supports around $45k to $46k levels hence upside movement would be the next thing we are going to have as of now.

[LUCKMCFLY]

We always thought that there would be a bear trap and had to be careful with the value of the investment. Before thinking that behind the high price increases there is a whale scenario for high purchasing power by people around the world, we must realize that supply and demand continue to occur. We are actually just taking shortcuts, if we are able to be careful and not emotional in making decisions, it will definitely have a good ending. The purpose of trading is for profit and financial freedom, so focus on that and get rid of negative thoughts.

Yes. sometimes emotional control makes us more in a safe position in making decisions or staying in a stable mindset to avoid all the worst possibilities.

What happens is that everyone expects BTC to reach $ 100k, and that is something that I do not think will happen, the whales know it and the institutions too, it is very difficult to predict who will be right, you cannot raise the price to $ 100 ko $ 150k if they were repeating it since the first quarter of 2021, what can happen is that the price drops even more so that the whales buy more, of course I can be wrong and suddenly the BTC reaches $ 100k, but for now how you see everything, I doubt it a lot.

Whales and co. are good at playing both bull and bear are still can be influenced by the amount of fund or asset that they will
provide inside the market, while institutional investors are observing and moving aggressively each time downfall takes place, they are just waiting to see if the momentum is already done, then buy it to add to their store asset.

We really can't conclude either way. We can only speculate and wait if we assume it correctly.

What we got right now is the path that we need to assess to make a good success inside this industry.

You are right, sometimes it is difficult to understand what things can happen to the whales or what plans the Strongh Hands have, if we consider that their plans is to make BTC go up for the first quarter of 2022 is something that could surprise many , because I have seen on YouTube and many social networks that they are expecting a bearish movement throughout the market, and this can result in many traders waiting for the movement below $ 40k and it is possible that the opposite happens, it always happens that Thus, it is difficult to predict what might happen in the market at these times of uncertainty.

[batang_bitcoin]

100k will happen, its the opposite as stated there that somehow everyone knows its just a dream.

We have already touched 60k and even 70k I believe so 100k is not a dream but a very realistic and near-future price, possibly. So, by considering the potential of bitcoin and about on-going adaption rate, I guess we are going to have another strong bull rally which might be taking us into new heights.

Bear trap might be a right term to call the current scenario of bitcoin market as market is able to hold above $47k levels which means we still have stronger supports around $45k to $46k levels hence upside movement would be the next thing we are going to have as of now.

Not yet for $70k but that was too close. $100k is going to happen. Did we even think of $40k and $50k before that it was very possible? I guess not. Everyone that's looking at bitcoin when it's low at $3k and even lower than that never thought that these days will come into reality. That's why if we see some bear traps today, that's essential to happen but it doesn't mean that it will stay there for long. The chance of going $100k is very plausible.

[cryptoQueez]

Not a bear trap but the usual bear movement we have always seen since the beginning. Thanks for the post!!

[Rasa nanas]

Not yet for $70k but that was too close. $100k is going to happen. Did we even think of $40k and $50k before that it was very possible? I guess not. Everyone that's looking at bitcoin when it's low at $3k and even lower than that never thought that these days will come into reality. That's why if we see some bear traps today, that's essential to happen but it doesn't mean that it will stay there for long. The chance of going $100k is very plausible.

the opportunity to hit $100k is very reasonable but judging by the current market conditions it doesn't look like $100k will be reached anytime soon as the price drop is still continuing and even yesterday the bitcoin price fell quite deep. no one knows how deep the bitcoin price will drop in the current bearish phase, but I hope the bitcoin price won't drop below $40k because if that happens it could trigger panic selling and the price recovery could be hampered.

[Japinat]

Not yet for $70k but that was too close. $100k is going to happen. Did we even think of $40k and $50k before that it was very possible? I guess not. Everyone that's looking at bitcoin when it's low at $3k and even lower than that never thought that these days will come into reality. That's why if we see some bear traps today, that's essential to happen but it doesn't mean that it will stay there for long. The chance of going $100k is very plausible.

the opportunity to hit $100k is very reasonable but judging by the current market conditions it doesn't look like $100k will be reached anytime soon as the price drop is still continuing and even yesterday the bitcoin price fell quite deep. no one knows how deep the bitcoin price will drop in the current bearish phase, but I hope the bitcoin price won't drop below $40k because if that happens it could trigger panic selling and the price recovery could be hampered.

Maybe the next ATH is $100k, but before that, I think we will still continue to see the bear market as it's necessary to strengthen the market. It's not something new to us as we have experience the bear market before, it wasn't good but if you look at the bright side, it gives us an opportunity to accumulate.

[tygeade]

We have already touched 60k and even 70k I believe so 100k is not a dream but a very realistic and near-future price, possibly. So, by considering the potential of bitcoin and about on-going adaption rate, I guess we are going to have another strong bull rally which might be taking us into new heights.

Bear trap might be a right term to call the current scenario of bitcoin market as market is able to hold above $47k levels which means we still have stronger supports around $45k to $46k levels hence upside movement would be the next thing we are going to have as of now.

Not yet for $70k but that was too close. $100k is going to happen. Did we even think of $40k and $50k before that it was very possible? I guess not. Everyone that's looking at bitcoin when it's low at $3k and even lower than that never thought that these days will come into reality. That's why if we see some bear traps today, that's essential to happen but it doesn't mean that it will stay there for long. The chance of going $100k is very plausible.

I have to say that whenever bitcoin price drops like this, there are a lot of people who come out as doubters. It is of course easier to say that bitcoin will be doing badly when you see bitcoin doing badly, but it is hard to say it when it is going up. So sometimes when we have a crash like this which is tiny if you look at it, then people who doubt bitcoin will come out and act as if they knew it all along when in fact we are 40k+ and that is a huge number compared to just a year ago.

This is why we should be ignoring those people, look at the long term aspects of bitcoin and be hopeful that we will always have these kinds of "falls". I would love to see it go to 120k and then "fall" to 90k, I am telling you people will talk about how bitcoin is dying and crashing and ending when that happens as well. We are "down" to 43k, that is as good as it gets and yet you can't make some people happy.

[kawetsriyanto]

the opportunity to hit $100k is very reasonable but judging by the current market conditions it doesn't look like $100k will be reached anytime soon as the price drop is still continuing and even yesterday the bitcoin price fell quite deep. no one knows how deep the bitcoin price will drop in the current bearish phase, but I hope the bitcoin price won't drop below $40k because if that happens it could trigger panic selling and the price recovery could be hampered.

Agree. $100k won't be achieved in a short time, especially considering the current market trend. I don't know if $100k is still a realistic target in 2022 or not, some people predicted that this year is the beginning of the bearish season phase. In my personal opinion, if we look at the price chart, it is not impossible to see the BTC price increase again. But I guess the price won't reach $100k this year. Remember that we already experience 1 year after the BTC halving. If the scenario will be the same as the previous bullish, 2022 is no longer a big bullrun time.

[LUCKMCFLY]

Whales and co. are good at playing both bull and bear are still can be influenced by the amount of fund or asset that they will
provide inside the market, while institutional investors are observing and moving aggressively each time downfall takes place, they are just waiting to see if the momentum is already done, then buy it to add to their store asset.

We really can't conclude either way. We can only speculate and wait if we assume it correctly.

What we got right now is the path that we need to assess to make a good success inside this industry.

What catches my attention is the amount of falls that BTC has had, at Christmas it was found that it did not rise in price, now what I can intuit is that this 2022 will come with everything, maybe for the first quarter of this year we can see finally that new ATH, the bear trap is still latent and every time sounding better, many have been lowering their orders in LONG and are positioning themselves in Short, it will be that the bears are achieving the task? In any bullish trap there are always many aspects to take, of course now they have on their side the fact that we are in the middle of a pandemic and they can take advantage of this to generate panic.

[tyz]

At this point, I wouldn't speak of a bear trap anymore. Bitcoin has lost over 30% from its all-time high. So this is a big correction, however I expect we'll be going into a bull market again soon.

Just have to look at the comments of the last few days. Goldman Sachs yesterday - although Bitcoin has fallen significantly - made the statement that Bitcoin is the new gold. Two years ago, Goldman Sachs would have spoken of such a slump in prices as a scam and that Bitcoin would have no intrinsic value. Today it's the new gold. So the narrative has changed completely.

[fullhdpixel]

What catches my attention is the amount of falls that BTC has had, at Christmas it was found that it did not rise in price, now what I can intuit is that this 2022 will come with everything, maybe for the first quarter of this year we can see finally that new ATH, the bear trap is still latent and every time sounding better, many have been lowering their orders in LONG and are positioning themselves in Short, it will be that the bears are achieving the task? In any bullish trap there are always many aspects to take, of course now they have on their side the fact that we are in the middle of a pandemic and they can take advantage of this to generate panic.

I have to say that the short positions are either profiting and leaving or they are still growing strongly. Which means that the moment price goes up, there will be a lot of money to be made from those short futures. This is why I believe that rich people are lining up their money right now to both buy a lot all at once AND also open long future positions as well. I am not saying that it will happen right away but it will definitely be easier to do it and there will be huge profits for those people.

Since whales have enough money to change the direction of bitcoin right away, I am guessing that it will definitely make things a lot easier. Considering longs get liquidated and sell their btc to pay USDT debt, short is not like that so there is no double down situation but it is still a lot of money to be made and I believe that it will happen sooner or later.

[savetheFORUM]

What catches my attention is the amount of falls that BTC has had, at Christmas it was found that it did not rise in price, now what I can intuit is that this 2022 will come with everything, maybe for the first quarter of this year we can see finally that new ATH, the bear trap is still latent and every time sounding better, many have been lowering their orders in LONG and are positioning themselves in Short, it will be that the bears are achieving the task? In any bullish trap there are always many aspects to take, of course now they have on their side the fact that we are in the middle of a pandemic and they can take advantage of this to generate panic.

The thing is, we are not even sure whether what you said is going to be right for 2022. December of 2021, there were so many analysis that we would see further increase in the price of bitcoin reaching $100,000 and a lot of us waited to see that happen, but all the days of December passed and we never saw any increase at all, rather the values continued to decrease. Then there have also been another analysis that 2022 will be the year for altcoins, and not for Bitcoin. So, that’s to show that nobody really knows. Although I feel that we have already seen the bullish trend for Bitcoin take place last year, and I am not really looking forward to another increase this year.

[doomloop]

At this point, I wouldn't speak of a bear trap anymore. Bitcoin has lost over 30% from its all-time high. So this is a big correction, however I expect we'll be going into a bull market again soon.

People never really wants to accept the fact that the bull market is over. Every time that there happens to be a correction after a bull run, people always find it difficult to accept that the bull market is over. This is why it is always important to get yourself ready ahead of time, especially at times like this and invest in the market and wait for the bull market, and when that time comes, you should take your profit and not wait for anybody.

There will be another bull run for sure, but I wouldn’t say that it is going to be anytime soon as you have said. It might take time before it happens. This is the same thing that people said after the other bullish trends we experienced. Just fill your bags and then have patience.

[timerland]

At this point, I wouldn't speak of a bear trap anymore. Bitcoin has lost over 30% from its all-time high. So this is a big correction, however I expect we'll be going into a bull market again soon.

Just have to look at the comments of the last few days. Goldman Sachs yesterday - although Bitcoin has fallen significantly - made the statement that Bitcoin is the new gold. Two years ago, Goldman Sachs would have spoken of such a slump in prices as a scam and that Bitcoin would have no intrinsic value. Today it's the new gold. So the narrative has changed completely.

Agreed.

Short run, I think that all the technicals are pointing towards a sub-$40k bitcoin right now. So this is resembling more like a bear market rather than a bear trap right now.

But in the long run there is a lot to look forward to, and that includes mass adoption of bitcoin as a viable store of value and medium of exchange.

[passwordnow]

At this point, I wouldn't speak of a bear trap anymore. Bitcoin has lost over 30% from its all-time high. So this is a big correction, however I expect we'll be going into a bull market again soon.

Last year after bitcoin went ATH, the correction was even bigger and that's below $30k. And after that correction, we saw that it has hit again another ATH which speaks of the same thought that we have.

Agree. $100k won't be achieved in a short time, especially considering the current market trend. I don't know if $100k is still a realistic target in 2022 or not, some people predicted that this year is the beginning of the bearish season phase. In my personal opinion, if we look at the price chart, it is not impossible to see the BTC price increase again. But I guess the price won't reach $100k this year. Remember that we already experience 1 year after the BTC halving. If the scenario will be the same as the previous bullish, 2022 is no longer a big bullrun time.

It will take time, maybe a year from now or two, and so on. The dream of reaching $100k is still there and I'm one of the hopefuls that we're going to see that. But if it won't happen by this year, it's not a matter to me and I can patiently wait until it reaches that target.

[TheUltraElite]

Just have to look at the comments of the last few days. Goldman Sachs yesterday - although Bitcoin has fallen significantly - made the statement that Bitcoin is the new gold. Two years ago, Goldman Sachs would have spoken of such a slump in prices as a scam and that Bitcoin would have no intrinsic value. Today it's the new gold. So the narrative has changed completely.

These people have influence on the market, they use their statements to coordinate pump and dumps as they wish. Just like another space millionaire said about cryptocurrencies. They do it for their own gains and nothing more and the crypto market being unregulated is a perfect place for that.

Point is that we common investors should identity such statements and move along opposite lines.

Short run, I think that all the technicals are pointing towards a sub-$40k bitcoin right now. So this is resembling more like a bear market rather than a bear trap right now.

Yeah I got buy orders below 40k USD ready to be executed overnight. Hoping they get filled quickly so I can fill my wallets with more BTC.

But in the long run there is a lot to look forward to, and that includes mass adoption of bitcoin as a viable store of value and medium of exchange.

It should turn the market bullish more than bearish. This month long trend moved from a bear trap to a bear trend and I expect more weak hands ending up selling and therefore more buying opportunities for bitcoin hodlers.