Bitcoin is recovering

[kentrolla]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

[DarkDays]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It might just be setting the momentum for December. Historically, December has always been a time where the markets were in green, of course now it's a little different since adoption went the way since same time last year but these patterns tend to repeat themselves.

Let's see how it plays out, hopefully reaching that new ATH and BTC closing in on that 100K. It is not all that crazy could easily happen

[Vaskiy]

Morning my inner mind said the price is gonna rise. I've experienced it many times. Whenever I cashout bitcoin the price used to grow. Today I sold when the price was around $57k, and then on the price has increased and now it is around $59k. As mentioned in the previous quote, it is the momentum for the December month. Everyone are hoping for a crazy $100k, but this time it doesn't work. If I'm not wrong the price will decrease by the falling year and we could touch $100k by 2023

[NeuroticFish]

What's your opinion

First thing to say is that this would belong to Speculation and maybe it would be a good idea you move this topic there.
Second, many TA people on twitter say that we had a falling wedge and the breakout is starting.

Although there were quite some loud signals to spread fear - unrealistic (imho) expectations on the MtGox bitcoins getting returned fast and dumped, the fake news about Bitcoin ban in India - the expectations from the price are high. Far too many expect 100k. And with the electricity getting more expensive in many areas of the world, I expect Bitcoin price will rise.

But I will be fair: I don't know what's next. Bitcoin price loves to go up-and-down-and-up-and-down-again.

[livingfree]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It is typical.

We all are going to see the same of such move for bitcoin. If it came from a correction, eventually, it will recover. As for the new ATH, we don't know.

As long as it gets to recover and that's already good to me.

[Accardo]

Bitcoin is the new Santa Clause. What I think about bitcoin is, bitcoin will move up before the end of 2021 and will fall back to 50k in the beginning of February the Chinese Holidays. Because for some times now, I have been judging Bitcoin from past Experience. Throwing back to 2017 when Bitcoin made an All time High of 20k and slacked back to almost 8k was because of the Chinese Holidays. But, since the ban of Bitcoin In China, their holidays didn't affect Bitcoin plentifully anymore.

However, this recent times that a lot of individuals both rich and average are investing and trading on bitcoin. I strongly believe that Bitcoin will hit $75k after Christmas and will soar high again around 78k but definitely will fall back to 50k dollars before March 2022.

The cause of these can be said to be that it's a season of giving so a lot of people will have to sell their assets.

[LFC_Bitcoin]

I think we need to get through the weekend & see where we are middle of next week. It’s a national holiday in the US, Black Friday tomorrow too. A lot of disruption to peoples usual investing behaviour. Things will be coearer next week. Hopefully the bull run can go again.

[TravelMug]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Been hearing this a lot that this is another case of bull trap. However, the price just seems to move sideways and then we have a break out run in the last 24 hours.  Maybe it's because we are in a holiday that's why the price goes up a bit, contrary to those who think that there will be a sell-off because people needed money in this time.

Nevertheless, this is a good sign that as we enter a historically bullish December, this might be the start of something big.

[Welsh]

ar too many expect 100k. And with the electricity getting more expensive in many areas of the world, I expect Bitcoin price will rise.

But I will be fair: I don't know what's next. Bitcoin price loves to go up-and-down-and-up-and-down-again.

I think it's unrealistic to expect Bitcoin to hit 100k anytime soon, and by soon I mean around the 6 months mark. What I'm more interested in is monitoring how Bitcoin reacts in accordance to Ognasty's thread. While I don't believe correlation equals causation, the negative news around Bitcoin recently, whether it was fake or not probably has had a impact on the recent dip in price.

However, this recent times that a lot of individuals both rich and average are investing and trading on bitcoin. I strongly believe that Bitcoin will hit $75k after Christmas and will soar high again around 78k but definitely will fall back to 50k dollars before March 2022.

Is this based on an observation you've made or is it just a personal hunch that you think it'll go temporarily up, and then crash later in March 2022? Seems oddly specific to be just a hunch.

I think we need to get through the weekend & see where we are middle of next week. It’s a national holiday in the US, Black Friday tomorrow too. A lot of disruption to peoples usual investing behaviour. Things will be coearer next week. Hopefully the bull run can go again.

People buying useless garbage instead of buying Bitcoin?! The madness!

[Reatim]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

finally after few days of dumping ? we are seeing a Greed color in the market specially Bitcoin



hope this is not another Trap  and we will be able to see another ATH as December is under a week to come and the Deciding month will happen.

BTC to the MOON.

[Sayeds56]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

True. The Bitcoin started Friday with green candle few hours back and hopefully we will close day candle above 60K that will be very healthy sign for further upside of Bitcoin. The monthly chart of November is also positive because it is still above 57K which is pivot point on Monthly chart. The next likely resistance on this chart is at 71K which means new ATH. despite depressed Bitcoin market during the past weeks, I am still optimistic that we will close 2021 with new ATH.

[Dhaniii]

a few days ago bitcoin experienced a slight correction in the market price after reaching a high of $68k two weeks ago. now that bitcoin has recovered and has started to bounce back, could this be an early start to enter December with a new ATH or stay between $60k - $70k in early 2022.

[amishmanish]

If you see the way a lot of other Alts have behaved during the cycles in the last few months, it is clear that a lot of them have formed their own communities and have their own different markets that are hardly dependent on Bitcoin anymore. This is a trend now and will only increase with time. In previous times, pumps in Alts used to lead to an increase in BTC usage too. This is starting to change.

Bitcoin will now tend to move more and more on its own fundamentals, which are stronger than ever. This also means that the hyping and pump-dumps would be recognized more easily. Atleast, that is what i hope.

There are enough products, enough teams and avenues to build on the crypto economy. There is still a conspicuous absence of Bitcoin based products to capture the user base of this new economy as they are mostly dependent on Smart contract abilities. I am not sure if that is a good thing or a bad thing, in the long run.

[Poker Player]

I am not surprised that the op's nick contains the word "troll".

Sorry not to be so optimistic, I don't see the price as "recovering". I think it was up 4% yesterday, which is normal variability for Bitcoin, and in the last 24 hours it is flat. Just as I didn't think we were in a bear market because of the recent slight decline. I think we are in a kind of sideways, what happens is that many of us expected to be higher now, and many predictions estimated that.

[cryptoaddictchie]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Really hard to predict cause sometimes the market eventually surprising everyone that reverse the result of technical analysis. Yes we love the bull run season, but continuing it like a non stop wheel its not also healthy it could lead to market crash once those high profile realize they wanted some profit, cause their liquidity is the whole market. So they can crush this anytime given the fact that bitcoin supply is a factual data and we know there are some whales could hurt it eventually.

[davis196]

Bitcoin isn't "recovering" because there wasn't any serious price crash happening before the price "recovery" you are writing about.
A true price recovery would be Bitcoin going back to 60K after a 40-50% price crash down to 30-40K USD.
The price doing up from 56K to 60K is just price volatility,rather than a price recovery.
Let's see what happens next week.
A couldn't care less about altcoin prices at this point.They are just following the BTC price,so we can't use them to draw any conclusions about the future of the cryptocurrency markets.

[pooya87]

It is more precise to say that the FUD ended and the panic sellers ran out of bitcoins to sell so the fake sell pressure that is slowly going away is letting the natural upward movement to resume once again. Unfortunately due to existence of day traders it would take some time to go back to normal and resume the rally but it will happen.

[pawanjain]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Even I saw bitcoin at $59k few hours back but right now it is at $57.5k. So we can't really say if it is actually recovering or not.
The price is very volatile which is expected. Also, there is a strong resistance at $60k level so may be that's why it fell back to $57k range.
May be in the next few days it will retest the $60k level and this time it might break that level and stay above that price.
I am feeling bullish though. I hope the next month should be good for crypto users.

[Anonylz]

But today is a totally different story, btc dropping in price same as alts of course, panic sellers doing what they always do, btc always take people by surprise, when you think the about is stable and ready for another pump suddenly things will go different, let's hope btc gives a nice green surprise in December.

[michellee]

I still see that bitcoin was increasing little by little after the last dump a few days ago. The price does not yet move to any higher or lower price but it seems steadily stay at $56k-$59k range of the price but we are almost seeing a new month so hopefully, that can change the market situation to better. If in the next month, bitcoin price can break $60k, that will be a good sign for the price to continue increases and who knows, the price can make a new ATH before the end of this year. I am still preparing myself by buying more bitcoin and altcoin because sooner or later, bitcoin or altcoin can increase so that can be my time to sell some amount at the new ATH.

[Jating]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Maybe you spoke too soon as the price goes down again to it's support of $54k-$55k, so this might be a falls breakout that we are seeing, so probably a bull trap.

And with the way the price is going down, I might be bearish up to the end of the month. I'm just thinking that because we are in Thanksgiving, investors are selling, in any case, another good opportunity to get and buy cheap bitcoin at $54k.

[Coyster]

What's your opinion on bitcoin at the moment?

My opinion about Bitcoin hardly changes, it doesn't matter if it looks like it's a bull or bear run coming, it still remains a good time to buy Bitcoin as long as you're ready to hodl it for a long term, short term investors prolly have to put a lot of things into consideration cause they will most likely be selling in not too long a time, but if you're in the network for the long period, you should not really be worried about a correction/plunge in price, in the long period, the price will definitely go up again. Just as it looks like the price is going down right now, smart Bitcoin investors have started accumulating again, and if you know you'll not panic sell and you'd hodl your coins for a long time, then you should accumulate as well.

[BITCOIN4X]

Maybe you spoke too soon as the price goes down again to it's support of $54k-$55k, so this might be a falls breakout that we are seeing, so probably a bull trap.

And with the way the price is going down, I might be bearish up to the end of the month. I'm just thinking that because we are in Thanksgiving, investors are selling, in any case, another good opportunity to get and buy cheap bitcoin at $54k.

If the price of bitcoin is currently experiencing a correction, then we can still hope that a recovery will also occur after some time. It's almost the end of the year and people will probably try to sell some of their bitcoin and enjoy their year-end holidays so the panic will set in. Now I just think that $50K is still strong enough support to contain the panic so the market recovery can still be expected to happen sooner before November end.

Just as it looks like the price is going down right now, smart Bitcoin investors have started accumulating again, and if you know you'll not panic sell and you'd hodl your coins for a long time, then you should accumulate as well.

Buying in dip is a trend that is currently developing well, but without sufficient capital reserve I think we will have a hard time accumulating more when a correction occurs. Although this method is profitable, but not all of us can do it.

[kryptqnick]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It was too early to say it was recovering, as it managed to decrease by 6.5% over the last 24 hours. I think it might be due to Black Friday, but I'm not sure. It makes sense to me because people spend tons of money on Black Friday, so they might pull out some of their Bitcoin savings on this day and sell for fiat. Plus yesterday's Thanksgiving, of course. Last year, there was a fall from $19k to $17k during the time of Thanksgiving + Black Friday, and while in 2019 the price remained relatively stable at this time, it fell significantly just a few days earlier.
After Bitcoin recovers from these two days, I think we'll see the price at $60k very soon.

[arwin100]

What's your opinion on bitcoin at the moment?

My opinion about Bitcoin hardly changes, it doesn't matter if it looks like it's a bull or bear run coming, it still remains a good time to buy Bitcoin as long as you're ready to hodl it for a long term, short term investors prolly have to put a lot of things into consideration cause they will most likely be selling in not too long a time, but if you're in the network for the long period, you should not really be worried about a correction/plunge in price, in the long period, the price will definitely go up again. Just as it looks like the price is going down right now, smart Bitcoin investors have started accumulating again, and if you know you'll not panic sell and you'd hodl your coins for a long time, then you should accumulate as well.

Yeah knowing bitcoin recovers in certain timelines but this is unknown on when so if you are for long term then its good to hodl what you bought and suddenly dip and the best decision to do is to buy another bitcoins then use it for recover what you hodl or try to earn more on it.

Maybe for we see it on red days so its good to buy while market is having a bad day.

[Lucius]

I think it might be due to Black Friday, but I'm not sure. It makes sense to me because people spend tons of money on Black Friday, so they might pull out some of their Bitcoin savings on this day and sell for fiat. Plus yesterday's Thanksgiving, of course.

If you’re not sure just visit the WO board, there’s always someone there with interesting information. This time the reason is a new strain of covid virus that has emerged in some African countries and has caused panic in all markets, including the cryptocurrency market. Such news is very easy to sell nowadays, although it is very stupid for the market to react in this way.

https://bitcointalk.org/index.php?topic=178336.msg58534921#msg58534921

[cheezcarls]

As of this time, we’re tanking heading off to the weekend. As an opportunist, I think it’s a good buying signal. But maybe I have to wait within the weekend to see where the price is heading off. My friend told me that based on his technical analysis, if it goes down below $50k, bad things will happen on the market. Not sure what would be the floor price after the weekend, but let’s just see then.

[Ararbermas]

Yup its recovering but unfortunately seems bear wants to take over the market, reason bitcoin nowadays is down by how many percent along with some alts. Let's just hope this will not last and market will recover immediately because we all knows what will be next results if bear stay long in the market wherein for sure there's a massive correction afterwards.. Because you know it's very rare to see that bitcoin can achieved 3 ATH in just a year.. So its quite skeptical to be honest on this kind of situation that bearish suddenly wants to take over even we still have one months left.

[Questat]

The recovery was not successful because once again, a major dump is happening, and looks like it's a downtrend.
Per exchange report the 24h low is 53,500.00... that's kinda scary as in just 24 hours, the price has been dumping, hopefully it will not continue to drop as panic will certainly take place.

[tomahawk9]

Per exchange report the 24h low is 53,500.00... that's kinda scary as in just 24 hours, the price has been dumping, hopefully it will not continue to drop as panic will certainly take place.

i'll probaly keep going down. Literally every financial market in the world has red numbers because of the recent coronavirus news and the south africa variant. If we start seeing more countries enforcing lockdowns again, expect this downtrend to continue for a few more days/weeks

[stompix]

How I love those speculation topics in which poeple draw some random lines on a chart and think they will know how the price will be in the next month only to get it completely wrong in less than 24 hours. It's been already 8 years of heavy trading and charts and TA and although being proven wrong on any type of analysts and every indicator getting it wrong 100 times poeple still try to find some magic formula that will predict things.

Who could have seen this coming? 1 in a few thousands maybe could have thought of it, and if he would have said that BTC would drop because of virus news he would have been virtually pitchforked here.  Oh and yeah, let's not forget that BTC's price evolution is never! to be linked with global markets, lol.
Speculation on where the price will go on short intervals based on some random lines is just like gambling on horses based on the age of the last winning jockey. You'll get it right a few times and you'll most likely get it wrong thrice as many.

If you see the way a lot of other Alts have behaved during the cycles in the last few months, it is clear that a lot of them have formed their own communities and have their own different markets that are hardly dependent on Bitcoin anymore.

Have you actually looked at the prices lately?
All the altcoins are doing far worse, ETH, ADA, DOT, SOL, you name it, if bitcoin sneezes they all fall like flies.

[savetheFORUM]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

We might as well see it climb the $60,000 ladder again this December. The last time we saw a bull run take place in 2017, the highest price was reached in December, if I’m right. With the way we have been seeing the market moving this year, it’s possible that this December is going to be really great for the market, and I can’t wait for that to happen. There have been a few times that the market has dropped to below $60,000 and after sometime hovering around the $50,000, it will go back up again to $60k. If it should get back up that rate again, I will be looking forward to the price level of $70,000 which will be the next ATH record.

[Slow death]

in my opinion what is happening is the following:

the price tried to break the resistance that is at 66000$ twice and didn't succeed and the two times that it couldn't break the resistance that is at $66000 the price dropped to $54000. if price does not fall below $52000, consolidating in that zone may gain momentum to try again to break the resistance at $66000.

We might as well see it climb the $60,000 ladder again this December.

I still think it will be difficult because people tend to take holidays in December, markets are less volatile

[Boov]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Bitcoin comes back at small price after it went to recovery towards $60k, and as you can see corrections was still uncertain because it might touch down below $50k of it doesn't show good pumps. Many traders and long term investor would probably take their profit as long as they determine an advanced along the way. We just need to take some more patience before we embrace more successful gains.

[Natalim]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Bitcoin comes back at small price after it went to recovery towards $60k, and as you can see corrections was still uncertain because it might touch down below $50k of it doesn't show good pumps. Many traders and long term investor would probably take their profit as long as they determine an advanced along the way. We just need to take some more patience before we embrace more successful gains.

Be more patient in waiting for a dip as it could drop below $50k, and on the other hand, it could also recover easily, so buying at the price now is an opportunity already. In the past few weeks, the price movement of bitcoin is not as bullish as it was compared to the previous month, so this tells a bit that bear run is just around the corner and the hype is over because whales had already taken profit.

[jostorres]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

These type of drops happen all the time. It is not suddenly meaning that we are crashing, we had a bad period the other week and then we recovered a bit recently so people wanted to get out before we had another bad week and that's it. It is not really meaning that it has to keep going lower, not saying it won't but it also doesn't mean it will. People reacting like dropping a bit suddenly means that we need to keep going down, not every drop followed by another drop, sometimes drops are followed by recoveries and we do not know which one we are in right now. I hope that we will do better but I am not entirely sure what's going to happen now, any direction could happen.

[livingfree]

Maybe you spoke too soon as the price goes down again to it's support of $54k-$55k, so this might be a falls breakout that we are seeing, so probably a bull trap.

It's okay if he spoke to soon about recovering.

That's where we're heading also so that's totally okay even if there's a massive drop that we're seeing lately. After this, maybe next week, we're going to see it recover once again.

It's just a repetitive cycle most of the time.

[magneto]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I think that it was clear now that it was a bull trap.

The $60k resistance was definitely quite strong and by the looks of it, we won't be breaching that level in the near term future.

Right now we have to look to the SA COVID situation - the risk-asset sell off is occurring everywhere.

[Finestream]

Maybe you spoke too soon as the price goes down again to it's support of $54k-$55k, so this might be a falls breakout that we are seeing, so probably a bull trap.

It's okay if he spoke to soon about recovering.

That's where we're heading also so that's totally okay even if there's a massive drop that we're seeing lately. After this, maybe next week, we're going to see it recover once again.

It's just a repetitive cycle most of the time.

This is really not new to us as the crypto market is very volatile just like how volatile bitcoin is. One day it is dumping, and the next day you'll see bitcoin is already reaching its new ATH. So we should get used to it as bitcoin will still recover in the long run. And the current price correction will even cause a strong support level so we can achieve higher ATH after this. We just have to stick what we believed in. And with bitcoin, it will never settle in a low price but always go for a higher price.

[freedomgo]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I think that it was clear now that it was a bull trap.

The $60k resistance was definitely quite strong and by the looks of it, we won't be breaching that level in the near term future.

Right now we have to look to the SA COVID situation - the risk-asset sell off is occurring everywhere.

We are not yet done with this year so there's always a chance for bitcoin to still recover and settle its price higher than $60k. Although bitcoin is really down today at its current price at $54,394 but for sure this is not going into a bull trap. Because if we really look at its real picture, bitcoin price is indeed higher than all of the other coins and once it will recover, it may even reach its new ATH higher from what we expected. Its just a matter of faith anyway and believing that bitcoin won't left us hanging.

[Johnyz]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I think that it was clear now that it was a bull trap.

The $60k resistance was definitely quite strong and by the looks of it, we won't be breaching that level in the near term future.

Right now we have to look to the SA COVID situation - the risk-asset sell off is occurring everywhere.

There’s a lot of panic again in the market and yes that was a trap since the whole market is down again and most probably this will become the next trend until the year end or even early next year. Well, because of so many issues and current news about banning cryptocurrency that affects the whole market, BTC is still down and no sign of recovering yet.

[Oasisman]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I think that it was clear now that it was a bull trap.

The $60k resistance was definitely quite strong and by the looks of it, we won't be breaching that level in the near term future.

Right now we have to look to the SA COVID situation - the risk-asset sell off is occurring everywhere.

I wouldn't wanna call that a bull trap as Bitcoin wasn't even overbought nor had a breakout that broke the resistance level as you said $60k was a strong one. That was just a small recovery which can be identified as a dead cat bounce after it went falling down to $54,000.

I don't know why people got panicked with the new Covid strain and sold their crypto asset which I don't think it has a relevant connection with the new strain, or am I missing something?

[STT]

Price still acting weak seems like, latest touch of 12hr average sees it bounce off to check the last low.   4hr bar more reliable measure but nothing to show strength yet.  53.5k is likely less important then the Sept peak which should have some volume after a sharp sell, if that can now be support it might be significant thats close.  Similarly on weekly bars is the 52k support my likely best guess for a low that can hold and signify support from this whole years price action.

[uneng]

I don't know why people got panicked with the new Covid strain and sold their crypto asset which I don't think it has a relevant connection with the new strain, or am I missing something?

It didn't happen happen only to crypto market, but also in traditional markets which have been also falling. I think crypto universe just suffered the consequences of this panic wave that came from mainstream financial world, what should keep happening only for a short time, because it really doesn't make sense bitcoin crashes in a situation like this, as bitcoin should be the most logical asset to protect investors funds in a hypothesis of a new coronavirus crisis, through omicron variant. At least that was what I observed during the peak of the pandemic still in 2020.

[michellee]

I wonder if the price will get down for more or increase in the next week because the price becomes wild and not many of us predict that the price will go down deeper like a few hours ago. I see the price now is at $54k, which means the price is down for more than $3,000 from the last $57k but I still believe it will go up sooner or later. I do not expect the price to go down for this but the price now seems to want to increase for a while, but we should be careful because the price can get another correction.

[adaseb]

Well that was quick. Looking at the $53K area if you look at the daily, this is an important support area. I honestly didn’t think it would come close to getting tested but I guess due to the close correlation with stock indices it caused tons of panic and we are pretty close to testing that area.

I don’t like the funding at the moment, seems very long leverage. Usually when this happens it doesn’t end Well. So hopefully $53K doesn’t break, if it does, remember to use stops.

[romero121]

Well that was quick. Looking at the $53K area if you look at the daily, this is an important support area. I honestly didn’t think it would come close to getting tested but I guess due to the close correlation with stock indices it caused tons of panic and we are pretty close to testing that area.

I don’t like the funding at the moment, seems very long leverage. Usually when this happens it doesn’t end Well. So hopefully $53K doesn’t break, if it does, remember to use stops.

From the $53k region the price have once again moved forward. The market correction isn't over, and it could test the $50k mark by the upcoming fall. Right now the market correction is associated with the black friday as well as the new mutant of virus found on South Africa. Maybe if things didn't happen positive the market could move sideways.

[OrangeII]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I also think that bitcoin is very strong at the moment, and I'm also still hoping for a new ATH by the end of this year. however, at the end of this month, the bitcoin price pushed towards the $54k price. it is very difficult to predict. if dumps continue at the end of this year, there is a possibility that the price of bitcoin in december will be in the range of $40k again. however, I believe those big investors are preparing something surprising for bitcoin at the end of the year. well, I'm still positive that the price will reach a new ATH later this year.

[Kemarit]

Well that was quick. Looking at the $53K area if you look at the daily, this is an important support area. I honestly didn’t think it would come close to getting tested but I guess due to the close correlation with stock indices it caused tons of panic and we are pretty close to testing that area.

I don’t like the funding at the moment, seems very long leverage. Usually when this happens it doesn’t end Well. So hopefully $53K doesn’t break, if it does, remember to use stops.

From the $53k region the price have once again moved forward. The market correction isn't over, and it could test the $50k mark by the upcoming fall. Right now the market correction is associated with the black friday as well as the new mutant of virus found on South Africa. Maybe if things didn't happen positive the market could move sideways.

I think $50k will be a good test for us, I mean that price is really low that investors might think to pour their money again and somewhat the price could bounce back.

Yeah, I'm reading about the new variant of the virus, but hopefully the news will not trigger another sell-off. We've seen the effects of Covid-19 already and it seems that we are able to cope with it for a long time. So if ever there will be an effect, it could be on the short term only.

[Dave1]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

I think that it was clear now that it was a bull trap.

Yeah, it could be a bull trap but still there could have been some reasoning behind it, like almost touching $60k and then going down again.

The $60k resistance was definitely quite strong and by the looks of it, we won't be breaching that level in the near term future.

Not sure about that, we all know how the market moves, in just a blink of an eye, the market can suddenly rise in price and may attempt $60k again.

Right now we have to look to the SA COVID situation - the risk-asset sell off is occurring everywhere.

But we have been living in the COVID influence already. So how come it will still be an effect on the price? Even if the news come out about the Delta variant, the price did reacted that much.

[gabbie2010]

Well that was quick. Looking at the $53K area if you look at the daily, this is an important support area. I honestly didn’t think it would come close to getting tested but I guess due to the close correlation with stock indices it caused tons of panic and we are pretty close to testing that area.

I don’t like the funding at the moment, seems very long leverage. Usually when this happens it doesn’t end Well. So hopefully $53K doesn’t break, if it does, remember to use stops.

From the $53k region the price have once again moved forward. The market correction isn't over, and it could test the $50k mark by the upcoming fall. Right now the market correction is associated with the black friday as well as the new mutant of virus found on South Africa. Maybe if things didn't happen positive the market could move sideways.

$53K was tested twice with reference to 1hour time,the zone was equally a support in October 10 based on daily timeframe there is a possibility the price could retouch it again or rather continue with it recovery after yesterday dump as a result of two major fundamentals impact on the price of bitcoin, I believed the support at $53K had already held the price previously, while today daily candlestick might close a bullish harami, a bullish trend signal, thus price correction down to $50K might not be feasible now.

[GeorgeJohn]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Actually bitcoin has been making good development since it's time irrespective the fluctuating price circulation revolving in it's market sphere, in every month and year they will be always change in cryptocurrencies market revolution and it can't be used to compare to alternative coin's as well, the only thing i found difficult in bitcoin and know that it's the nature of bitcoin, is that it doesn't be constant in price and that makes it decentralized currency.

[Lucius]

But we have been living in the COVID influence already. So how come it will still be an effect on the price? Even if the news come out about the Delta variant, the price did reacted that much.

Some scientists have caused panic with their reports that this is possibly the most dangerous mutation that has occurred so far, although the media has further spiced up the whole thing and created panic in all markets, and Bitcoin is only part of the global market. Given everything that has been happening in recent months, we should be happy that the price manages to stay above $50 000, despite constant attempts to declare a bear market.

[bots1]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

[Taskford]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

That looks like the real scenario here but its also good to see a little recovery so maybe we can see this still fighting. But maybe we can see the real scenario at the end of this month of the December month in since if we see the price dumping then maybe we can see an unhealthy early quarter next year.  Hopefully we can see the bull starting to build up this December so that we can get a high chance to break at the new ATH for next year.

[eaLiTy]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

How did you identify that it is still in a sharp correction phase, the market today looks like it is stabilizing and there is not much selling pressure as far as i see in the market, but anything is possible as i am not capable of prediction what might happen in the next few days and so does anyone, but the current market does not looks there is not much selling pressure for the market to go down further as the buy walls are filling up quickly for now.

[Baofeng]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

How did you identify that it is still in a sharp correction phase, the market today looks like it is stabilizing and there is not much selling pressure as far as i see in the market, but anything is possible as i am not capable of prediction what might happen in the next few days and so does anyone, but the current market does not looks there is not much selling pressure for the market to go down further as the buy walls are filling up quickly for now.

We are probably going to trade sideways for now because of the covid-19 new strain news (although I firmly believed it doesn't have that significant effect to crypto sphere as compare to lets says Nasdaq or S&P).

So I'm expecting a little movement on the price till this weekends but hopefully when Monday comes we might see some semblance of a rally again to $60k. I think the selling pressure is done was well as the price is closing to it's old support of $55k.

[rhomelmabini]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

I'm still confident that we will gonna hold either the 50k or possible the 40k but I highly doubt we will get there yet. It may take weeks in my opinion if we ever cross that 60k+ again and may stagnant in this 50k range. I'm not expecting it will get new ATH that fast but likely I'm still rooting that overall sentiment that ATH isn't just at 69k, we should get higher than that.

[livingfree]

Maybe you spoke too soon as the price goes down again to it's support of $54k-$55k, so this might be a falls breakout that we are seeing, so probably a bull trap.

It's okay if he spoke to soon about recovering.

That's where we're heading also so that's totally okay even if there's a massive drop that we're seeing lately. After this, maybe next week, we're going to see it recover once again.

It's just a repetitive cycle most of the time.

This is really not new to us as the crypto market is very volatile just like how volatile bitcoin is. One day it is dumping, and the next day you'll see bitcoin is already reaching its new ATH. So we should get used to it as bitcoin will still recover in the long run. And the current price correction will even cause a strong support level so we can achieve higher ATH after this. We just have to stick what we believed in. And with bitcoin, it will never settle in a low price but always go for a higher price.

Yes.

A roller coast could be seen today and tomorrow it won't be anymore. Just like the other day, it has been dumped, and now it's recovering.

Hopefully, the latter that you have said about bitcoin is going to be like that. That it would always be ending up with a higher price.

[STT]

I'm seeing higher lows here so there is the beginnings of a recovery there but I remain a constant skeptic of weekend action until it passes the Monday open and full volume.   After the holiday closes the Monday action could be like opening the door to find an arctic blast, a very different environment then currently registering on graphs.   Or I could be wrong and markets are not that paniced or disturbed especially by recent world events.   I think we must revise prices I've said it plenty and roughly my target has been 50k which we have mostly achieved.   I need volume in the recovery I think, its not there yet.

[Yamifoud]

I'm seeing higher lows here so there is the beginnings of a recovery there but I remain a constant skeptic of weekend action until it passes the Monday open and full volume.   After the holiday closes the Monday action could be like opening the door to find an arctic blast, a very different environment then currently registering on graphs.   Or I could be wrong and markets are not that paniced or disturbed especially by recent world events.   I think we must revise prices I've said it plenty and roughly my target has been 50k which we have mostly achieved.   I need volume in the recovery I think, its not there yet.

well, I think we've got in peak by Monday and onwards. It was likely we are settling down by the weekend seeing the price tried to calm down and move back high again. I also wait for what will happen a few days from now but I expect a surge (not in hype). I could say that the market is calmly moving up and down without any huge factors affecting the trend.
Well, that recovery seems to be going to happen always and that is why I keep myself aware of and not going to miss any chance to buy the dip before the surge begins.

[Kemarit]

In my opinion, it looks like Bitcoin is still in a sharp correction phase where the downward trend in price continues. Moreover, if seen at a glance from the movement of the price chart in the last few days the price of bitcoin has not shown a significant increase or breakout point to get to the new ATH.

How did you identify that it is still in a sharp correction phase, the market today looks like it is stabilizing and there is not much selling pressure as far as i see in the market, but anything is possible as i am not capable of prediction what might happen in the next few days and so does anyone, but the current market does not looks there is not much selling pressure for the market to go down further as the buy walls are filling up quickly for now.

We are probably going to trade sideways for now because of the covid-19 new strain news (although I firmly believed it doesn't have that significant effect to crypto sphere as compare to lets says Nasdaq or S&P).

So I'm expecting a little movement on the price till this weekends but hopefully when Monday comes we might see some semblance of a rally again to $60k. I think the selling pressure is done was well as the price is closing to it's old support of $55k.

For now bitcoin is undergoing a correction, it is estimated that this will last until the end of the month, this condition actually needs to be used to make purchases and is suitable for short-term investment patterns, if the price does not move up until the end of this month, then the opportunity in December is quite open to return to the bull run, let's see how far the correction to bitcoin will return to normal, or even bitcoin will experience a long correction.

I don't think this is still a correction, this is a full reversal already as we have break down the support level of $55,000 if you haven't noticed. End of the month? it's just a couple of days from month, and with the latest news on Covid-19 strain, this might continue up to early December and will only stop when there is a break out run.

I haven't check any TA yet, but yeah, seems to be bearish to me. Nevertheless, as I have said, we might see an imminent break out this December if everything has settled down.

[Rasa nanas]

not long after this thread made the price of bitcoin experienced a very significant drop to the point of $54k. you could say this is really a trap, if you buy around the price of $ 60k because you think the price will continue to rise means you have entered the bull trap. if you are caught in a bull trap all you can do is just keep holding on until the price goes up again, but don't worry because after a significant decline usually not long after the price will move back up.

[Oasisman]

not long after this thread made the price of bitcoin experienced a very significant drop to the point of $54k. you could say this is really a trap, if you buy around the price of $ 60k because you think the price will continue to rise means you have entered the bull trap. if you are caught in a bull trap all you can do is just keep holding on until the price goes up again, but don't worry because after a significant decline usually not long after the price will move back up.

I believe there was no bull trap that happened. That recovery we've seen didn't even break the resistance level. That was just a small recovery and now, Bitcoin is once again being corrected. The price has been hovering around $54,000 for the last 48 hrs. this may or may not continue to fall, we still have a lot of positive and bullish news around the crypto space. So, there's nothing to worry.
If you buy at $60,000, then it gives you more reason to buy at $54,000.

[Mr.Scott]

not long after this thread made the price of bitcoin experienced a very significant drop to the point of $54k. you could say this is really a trap, if you buy around the price of $ 60k because you think the price will continue to rise means you have entered the bull trap. if you are caught in a bull trap all you can do is just keep holding on until the price goes up again, but don't worry because after a significant decline usually not long after the price will move back up.

I see alot of posts about Bitcoin touching 100K before the finish of year. I've been motivated by those posts and obviously others also fall into same circumstance then purchase. Now, we have first concern is how low can Bitcoin go?
will there another layer or is 54k the line we turn back? Let's figure it out and wish this time avoid a significant decline, i mean under 50K

[sana54210]

I believe there was no bull trap that happened. That recovery we've seen didn't even break the resistance level. That was just a small recovery and now, Bitcoin is once again being corrected. The price has been hovering around $54,000 for the last 48 hrs. this may or may not continue to fall, we still have a lot of positive and bullish news around the crypto space. So, there's nothing to worry.
If you buy at $60,000, then it gives you more reason to buy at $54,000.

Bull trap is not really a manipulation thing that the name suggests. I know when you hear "bull trap" you think there are some people out there who make it look like it is going up, so everyone jumps back in, and then they sell more and make the profit and the price falls down. But that is not really it, that is just the name of it. Bull trap is basically a small recovery in the middle of a fall.

So, you are at 10, drop to 6, raise back to 8, and drop to 4. That "raise back to 8" part is what bull trap is all about and could be called that no matter what the reason for the increase was. So, let's just assume for the moment that things are not looking out great, and it could still be decent if it stops going down more.

[EdenHazard]

not long after this thread made the price of bitcoin experienced a very significant drop to the point of $54k. you could say this is really a trap, if you buy around the price of $ 60k because you think the price will continue to rise means you have entered the bull trap. if you are caught in a bull trap all you can do is just keep holding on until the price goes up again, but don't worry because after a significant decline usually not long after the price will move back up.

I see alot of posts about Bitcoin touching 100K before the finish of year. I've been motivated by those posts and obviously others also fall into same circumstance then purchase. Now, we have first concern is how low can Bitcoin go?
will there another layer or is 54k the line we turn back? Let's figure it out and wish this time avoid a significant decline, i mean under 50K

50k are on the edge now ..

we might break the support below 50k and touched it for the first time in 30 days. there is no sentiment to prove this could happened by tomorrow or so , bu the data says ... we are heading into a bear trend .
for sure nobody know what will happen next , im just saying we are heading into it and it getting closer day by day.
watchout!

[palle11]

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

[Slow death]

I wonder what it means by recovering, the price can be stagnant in the range of $53000 to $57000, that doesn't mean that it has recovered, it is just stagnant in a certain zone waiting to determine what will be the next move if it will rise or if it will fall too much. with this virus variant the markets are back and having dark times

[yohananaomi]

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

Yes, bitcoin now have tried several times to break through $58K but haven't been able to reach it and drop back at $57K, looks like resistance at $60K. hopefully the end of this month can be passed by bitcoin so that the ability to increase in december can be easily done.
there is always a chance that bitcoin can be done at the end of this year because bitcoin movement can do that quickly. we wait patiently.

[elisabetheva]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

it looks like bitcoin has been increasing for the past few days but then dropped back and this has continued to be done since ATH was formed. now to be able to reach $ 60K seems a bit difficult to achieve, is this the resistance of bitcoin to be able to reach even higher? I don't think it will be like that even though the end of the month is only a few moments, maybe the last time bitcoin will be able to pass $60K. and the end of the year there will still be surprises made by bitcoin and we are waiting for that.

[buwaytress]

I wonder what it means by recovering, the price can be stagnant in the range of $53000 to $57000, that doesn't mean that it has recovered, it is just stagnant in a certain zone waiting to determine what will be the next move if it will rise or if it will fall too much. with this virus variant the markets are back and having dark times

Sort of like me trying to recover from old bad habits. Every time I think I'm round a corner I stagger back into a rut. I usually don't think there's much any more to new Covid strains but this particular one seems to be coming on at the same time other figures are coming out all over the world for Q3 economy. Inflation up, jobs down, bleak times and doom prophets getting bolder.

Much as Bitcoin could be one of several safe havens, it'd have to survive some battering first.

[arwin100]

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

Yes, bitcoin now have tried several times to break through $58K but haven't been able to reach it and drop back at $57K, looks like resistance at $60K. hopefully the end of this month can be passed by bitcoin so that the ability to increase in december can be easily done.
there is always a chance that bitcoin can be done at the end of this year because bitcoin movement can do that quickly. we wait patiently.

Maybe for now its struggling to reach back again at $60k since many people are still afraid to buy since they think that this is the start of the bear but for sure once we remain stable at this figure for sure we can see this climb on next month since many people will get back on their feet then buy again since many will provably think that we can see a better picture of it next year. Hopefully this remaining this of the month we will be surprise by bitcoin to reach at $60k again.

[onecall123]

Looking at the current situation, it is clear that Bitcoin is in a slow recovery mode. If we look at its price movement then it is clear that 53k to 57k refers to gradual improvement. So we can say that bitcoin is in recovery mode.

In the wake of a spike, it is necessary to struggle for some time, but it is merely a matter of time. Our Bitcoin market is definitely in recovery mode, and one of the biggest whales strikes again! A new 7,002 bitcoins were purchased by MicroStrategy, now they own 121,044 BTC in total.
Everything is under control, nothing major to worry about. You just have to bite your part and move on.

[Falconer]

Looking at the current situation, it is clear that Bitcoin is in a slow recovery mode. If we look at its price movement then it is clear that 53k to 57k refers to gradual improvement. So we can say that bitcoin is in recovery mode.

Investors or traders may still hesitate to buy a lot of bitcoins because they are affected by some FUD. India is planning to ban crypto and this is news that could affect a lot right now in the market. But I'm not really sure if India's wish will come true, but it's definitely not the right time as the market cap is expected to increase during December 2021.

The slow recovery process proves that traders are just being cautious about entering the market. But if the $60K resistance is broken again then I think a bull run is imminent.

[Botnake]

Looking at the current situation, it is clear that Bitcoin is in a slow recovery mode. If we look at its price movement then it is clear that 53k to 57k refers to gradual improvement. So we can say that bitcoin is in recovery mode.

Investors or traders may still hesitate to buy a lot of bitcoins because they are affected by some FUD. India is planning to ban crypto and this is news that could affect a lot right now in the market. But I'm not really sure if India's wish will come true, but it's definitely not the right time as the market cap is expected to increase during December 2021.

The slow recovery process proves that traders are just being cautious about entering the market. But if the $60K resistance is broken again then I think a bull run is imminent.

I agree that bitcoin is already starting to recover slowly as well as for those potential altcoins. Well, if the current price for bitcoin will continue to break the $60k resistance level, i think this will be leading into a higher value which will be possible for the achievement of a new ATH just before this year ends. But all this prediction will still be uncertain unless we start crossing the bridge. Investors and traders are still hesitant what movement to do since the market still looks bearish, but definitely buying bitcoin at this moment is still good enough as long as its still below $60k.

[matchi2011]

Looking at the current situation, it is clear that Bitcoin is in a slow recovery mode. If we look at its price movement then it is clear that 53k to 57k refers to gradual improvement. So we can say that bitcoin is in recovery mode.

Investors or traders may still hesitate to buy a lot of bitcoins because they are affected by some FUD. India is planning to ban crypto and this is news that could affect a lot right now in the market. But I'm not really sure if India's wish will come true, but it's definitely not the right time as the market cap is expected to increase during December 2021.

The slow recovery process proves that traders are just being cautious about entering the market. But if the $60K resistance is broken again then I think a bull run is imminent.

I agree that bitcoin is already starting to recover slowly as well as for those potential altcoins. Well, if the current price for bitcoin will continue to break the $60k resistance level, i think this will be leading into a higher value which will be possible for the achievement of a new ATH just before this year ends. But all this prediction will still be uncertain unless we start crossing the bridge. Investors and traders are still hesitant what movement to do since the market still looks bearish, but definitely buying bitcoin at this moment is still good enough as long as its still below $60k.

Investing in this coin is really tough if you don't have enough knowledge and patience, lucky for those who bought several days
Ago, they are now seeing the benefits after this bounce. It's still possible to buy at this point if you are bullish, the last time high
might be reached back or possible to break it and a new ATH will be introduced.

It's up to your own assessment. Invest with your full confidence after doing your DYOR.

[jostorres]

Maybe for now its struggling to reach back again at $60k since many people are still afraid to buy since they think that this is the start of the bear but for sure once we remain stable at this figure for sure we can see this climb on next month since many people will get back on their feet then buy again since many will provably think that we can see a better picture of it next year. Hopefully this remaining this of the month we will be surprise by bitcoin to reach at $60k again.

Looks to be doing fine tbf. I mean I get that the price is always changing constantly so people are having hard time finding what would be the price at that moment which I understand since it is very volatile. However, maybe these type of messages should be reserved with some caution when talking about crypto.

It is not having hard time since it already started to go back up and if it keeps going higher than we are going to be above 60k very easily again. Or maybe we will suddenly have a crash and be under 50k? Who knows what is going to happen, crypto is a very fragile thing and it could be amazing or it could be horrible all at the same time and we can't really know which one it will become.

[Devifajarina]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

What is certain is that bitcoin is undergoing a correction, but today it is in a recovery phase, progress from the correction to recovery will take place at the beginning of this month, but for this time it is difficult for us to analyze bitcoin further, whether this is a bull trap or an upward phase a much higher price, but still many people are optimistic that bitcoin will hit the target as many observers predicted, either at the end of the year or early next year, let's see what will happen?

[Kelvinid]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

What is certain is that bitcoin is undergoing a correction, but today it is in a recovery phase, progress from the correction to recovery will take place at the beginning of this month, but for this time it is difficult for us to analyze bitcoin further, whether this is a bull trap or an upward phase a much higher price, but still many people are optimistic that bitcoin will hit the target as many observers predicted, either at the end of the year or early next year, let's see what will happen?

If we notice today's market then we could say bitcoin is definitely at the stage of progress post correction. I think bitcoin will cruise towards $70k by the first two weeks of December and then we might see one more temporary dump or extended bearish period mostly the end of the year is gloomy for bitcoin, but I feel this year it would be different and investors would buy more at dip and we can take MicroStrategy as an example who has accumulated a total of 7008 bitcoin since October.

That always it comes as expected. Yeah, it was very noticing to see that there is a slow recovery moving back to $60k once again. It is a repeating situation and we dare not to worry about every drops it made as surely this will be resolved in time. And those who accumulate Bitcoin during the correction, I could dare to say that they are now a profit. That is why we couldn't have to underestimate the capability of the market, for several times that we tend to think negative but despite those things, we still holding and hoping for a brighter future.

[Baofeng]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

What is certain is that bitcoin is undergoing a correction, but today it is in a recovery phase, progress from the correction to recovery will take place at the beginning of this month, but for this time it is difficult for us to analyze bitcoin further, whether this is a bull trap or an upward phase a much higher price, but still many people are optimistic that bitcoin will hit the target as many observers predicted, either at the end of the year or early next year, let's see what will happen?

If we notice today's market then we could say bitcoin is definitely at the stage of progress post correction. I think bitcoin will cruise towards $70k by the first two weeks of December and then we might see one more temporary dump or extended bearish period mostly the end of the year is gloomy for bitcoin, but I feel this year it would be different and investors would buy more at dip and we can take MicroStrategy as an example who has accumulated a total of 7008 bitcoin since October.

Yeah, good to see that at least during the stage of this week, we have seen bitcoin going to more than $58k, this is a good sign that we are on some recovery phase and hopefully this is not a bull trap and this is for real and will attempt to break the next big barrier of $60k within the week.

If this is not a bull trap then I expect that we will be on another bullish run this December. Similar to past years run wherein December was really super bullish and we've seen the price grows up massively.

[bitgov]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It's a very difficult question. Looking at the chart, everything indicates that the correction is over and the price should be climbing for the new ATH. However, I have a disturbing feeling that this is a bull trap and the correction will be much bigger.

[TinaK]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It's a very difficult question. Looking at the chart, everything indicates that the correction is over and the price should be climbing for the new ATH. However, I have a disturbing feeling that this is a bull trap and the correction will be much bigger.

We keep speculating here because the fact is we did not know the real result.
I don't have any negative speculation towards bitcoin price, as I can see, we still have good news that could maybe have an effect on the bitcoin price someday. We know that bitcoin can't be able to climb up straight forward, there should be always a correction that happens and it has happened now and this could be a start that bitcoin price will increase again and yes, another ATH could be there, remember that usually in the month of December bitcoin price will usually at the peak price.

[STT]

Right now the price is positive and indicating upwards but its close enough now to 59k that it might appear alot less rosy in 24hr time because we might either slow to a stop or find speculators cash out their trades from this bounce because its at a ceiling.
   I think we get all the way to the 50 day average area which is about 61k then it either rejects or finds enough strength to overcome the barriers that led us to the recent lows.   Fine weather today but clouds on the horizon is my rough summary.

[Vaculin]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It's a very difficult question. Looking at the chart, everything indicates that the correction is over and the price should be climbing for the new ATH. However, I have a disturbing feeling that this is a bull trap and the correction will be much bigger.

We keep speculating here because the fact is we did not know the real result.
I don't have any negative speculation towards bitcoin price, as I can see, we still have good news that could maybe have an effect on the bitcoin price someday. We know that bitcoin can't be able to climb up straight forward, there should be always a correction that happens and it has happened now and this could be a start that bitcoin price will increase again and yes, another ATH could be there, remember that usually in the month of December bitcoin price will usually at the peak price.

Yes, it has always been the trend but this year remains to be uncertain because we really can’t tell if the correction is over or will still be here for months. But it’s really a good feeling seeing bitcoin is now recovering from the ongoing correction and this will give hope for everyone especially for long term holders that we will still profitable before 2021 ends. Although not all coins have recovered but for those who are much dependent on bitcoin, I know they will also make it once bitcoin will end up with a new ATH. So we are about to witness not a bull trap but a real bull run if bitcoin will break the resistance level and reaches its new peak again.

[kotajikikox]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

But fails to touch 60k once more and now struggling to break 58k again.

Bitcoin has been being pumped and dumped and we cannot say that this is a correction because there are chance that it may grows high but being hindered, meaning there are manipulation happening?

anyway I don't really care because i am for holding so these small movement does not bother me at any cost.

[Wawa2013]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It's a very difficult question. Looking at the chart, everything indicates that the correction is over and the price should be climbing for the new ATH. However, I have a disturbing feeling that this is a bull trap and the correction will be much bigger.

We keep speculating here because the fact is we did not know the real result.
I don't have any negative speculation towards bitcoin price, as I can see, we still have good news that could maybe have an effect on the bitcoin price someday. We know that bitcoin can't be able to climb up straight forward, there should be always a correction that happens and it has happened now and this could be a start that bitcoin price will increase again and yes, another ATH could be there, remember that usually in the month of December bitcoin price will usually at the peak price.

Yes, it has always been the trend but this year remains to be uncertain because we really can’t tell if the correction is over or will still be here for months. But it’s really a good feeling seeing bitcoin is now recovering from the ongoing correction and this will give hope for everyone especially for long term holders that we will still profitable before 2021 ends. Although not all coins have recovered but for those who are much dependent on bitcoin, I know they will also make it once bitcoin will end up with a new ATH. So we are about to witness not a bull trap but a real bull run if bitcoin will break the resistance level and reaches its new peak again.

As long as the Bitcoin price is still below $60k, I don't think we can say for sure whether the correction is over or not. What is certain now is that
the price of Bitcoin is trying to slowly rise to near the price of $60k, hopefully the price of Bitcoin does not fall anymore. So we have to be careful
with the decisions we will take, there is a possibility of a positive trend that usually occurs at the end of the year, this year did not happen. We really
have to be patient waiting for Bitcoin price developments to enter this December, I really hope Bitcoin can recover and rise again above $60k in price,
then it can reach new ATH and make altcoins prices go up too. What we can do now is that we have to be patient with our Bitcoin holdings,
until the target we set is achieved.

[rodskee]

Now still pushing to stay at 57,000$ but looks like the force is not that strong and continues to fall back to 56,000

https://coinmarketcap.com/currencies/bitcoin/markets/

but December is coming tomorrow so i think there will be changes from the month of november to the next?


And also the speculation is either Bull trap or Bull ran before the year ends.

[ultrloa]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

But fails to touch 60k once more and now struggling to break 58k again.

Bitcoin has been being pumped and dumped and we cannot say that this is a correction because there are chance that it may grows high but being hindered, meaning there are manipulation happening?

anyway I don't really care because i am for holding so these small movement does not bother me at any cost.

Maybe this happening right now is due to peoples reaction and manipulation didn't do anything with it, but the good thing there is bitcoin didn't drop below 50k and this current price is a decent place for bitcoin to go thru. Maybe if bitcoin could sustain to this level by this month or until the end of the year maybe by first quarter of the year we can see the price rise up again. Although our speculation doesn't have a basis but as long as we can see bitcoin at good state we can rest with at ease.

[btc_angela]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

But fails to touch 60k once more and now struggling to break 58k again.

Bitcoin has been being pumped and dumped and we cannot say that this is a correction because there are chance that it may grows high but being hindered, meaning there are manipulation happening?

anyway I don't really care because i am for holding so these small movement does not bother me at any cost.

Maybe this happening right now is due to peoples reaction and manipulation didn't do anything with it, but the good thing there is bitcoin didn't drop below 50k and this current price is a decent place for bitcoin to go thru. Maybe if bitcoin could sustain to this level by this month or until the end of the year maybe by first quarter of the year we can see the price rise up again. Although our speculation doesn't have a basis but as long as we can see bitcoin at good state we can rest with at ease.

Perhaps it was just another false breakout. But the price is really volatile as it goes down to $56k and then bouncing off to $58k again. Really hard to predict the price, but maybe this incoming December, we might see a good bullish run to $60k again and I think we are all good to see it and maybe another all time high before the end of the year. We are now being challenge mentally to really HODL on BTC and not just panic sell.

[maydna]

I wonder if the price can go back to $58k, but I am sure it can because the price is now still trying to break the $58k barrier, and even if the price is down for a little, the price can increase, and hopefully, next month will be good for bitcoin to increase. If the price can increase to $58k and back to $60k, the chance to rise higher will be wide open, but we need to be careful because the price will always be volatile.

[Obito]

I wonder if the price can go back to $58k, but I am sure it can because the price is now still trying to break the $58k barrier, and even if the price is down for a little, the price can increase, and hopefully, next month will be good for bitcoin to increase. If the price can increase to $58k and back to $60k, the chance to rise higher will be wide open, but we need to be careful because the price will always be volatile.

You've answered your question already plus you are also trusting that bitcoin will go back up, to me this is a good respite and opportunity for the people that wants to get into the market since the price isn't peaking meaning that this could be a good ride towards a big pump in the near future. You can always use the volatility to your advantage, it's not like it's the end of the world if you got caught in a dump, patience is the greatest weapon that a trader or hodler should possess.

[Oasisman]

I wonder if the price can go back to $58k, but I am sure it can because the price is now still trying to break the $58k barrier, and even if the price is down for a little, the price can increase, and hopefully, next month will be good for bitcoin to increase. If the price can increase to $58k and back to $60k, the chance to rise higher will be wide open, but we need to be careful because the price will always be volatile.

Bitcoin always has the highest chance of rising than any other coins in the market. The only question is the time, regardless If it breaks another resistance or not because It also may suffer a correction. It might be hard for Bitcoin to stay above $60k as of the moment, but breakouts happens unexpectedly.
However, I'm not gonna be expecting something big this last month of 2021 If Bitcoin cannot pass $70k. Next year will be the most interesting one.

[TopTort777]

Imho, it does not look like Bitcoin is really recovering. During last 14 days I often see how the price goes after lunch and I when go to sleep, I see something around 58k. But when I wake up it is always 1500 +/- drop. Like we are hitting a barrier and bounce back. Nearly all days - up and down, up and down. I think it is too early to talk about recovering. When we will get at least few days with such swings, only then we might start talking about recovery.

[STT]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

[Devifajarina]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

What is certain is that bitcoin is undergoing a correction, but today it is in a recovery phase, progress from the correction to recovery will take place at the beginning of this month, but for this time it is difficult for us to analyze bitcoin further, whether this is a bull trap or an upward phase a much higher price, but still many people are optimistic that bitcoin will hit the target as many observers predicted, either at the end of the year or early next year, let's see what will happen?

If we notice today's market then we could say bitcoin is definitely at the stage of progress post correction. I think bitcoin will cruise towards $70k by the first two weeks of December and then we might see one more temporary dump or extended bearish period mostly the end of the year is gloomy for bitcoin, but I feel this year it would be different and investors would buy more at dip and we can take MicroStrategy as an example who has accumulated a total of 7008 bitcoin since October.

I also think so, usually bitcoin will experience a big correction at the end of the year and it takes quite a long time to recover, but this year is a little different from previous years, where bitcoin reached ATH only twice this year and was even able to maintain a fairly decent price old, the correction that occurred in the last few days, must be used by investors to buy bitcoin, they will make the end of the year really beyond the predictions of many people and I believe bitcoin will reach the highest price this year.

[barbara44]

Reaching to 58k and so forth with other crypto as well seems like a good recovery. We should not be getting too hyped just yet. I believe that we should be doing a lot better in the long run, and I believe that we could be even 100k+ in a year at most, but just because we had a little increase right now doesn't mean it changes anything.

I believe that we should be doing something much better but at the same time I believe that it may take some time as well. Maybe this December will be a recovery month and we will have plenty of people making a big profit, or maybe it will not be profitable at all and it will go down, just because we had a small recovery right now doesn't change a thing.

[chikading2016]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

[Kasabus]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

No matter how long the dips, bitcoin will always rebound back to its high value. Bitcoin price is definitely starting to recover now from $53k-$57k and it might be the next step will be surpassing its $60k resistance level. Although the market seems so unpredictable but when it comes to bitcoin, we already know that its value will not stay in dump, but it always bounce back again so it could reach another bullish value. Probably those who bought bitcoin when it was below $55k are already in profits today.

[Chato1977]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

but that's the last hype because right after that ? the price went down again to 56k and now staying at 57k to be specific.

lets not look to the partial increase because this happens constantly last November , but what we wanted to see is how long will we take that 70,000 price? in which almost broken recently .

[bitzizzix]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

Experience is the most important thing and considering the history of bitcoin's journey will repeat itself and it will be a good provision in the future, and what happened with bitcoin today we have experienced before and we will feel calm and also not panic because what happened is only temporary and sooner or later will recover.

and the most we have to realize is that after the correction or decline the price will recover even the price will exceed the previous high price, which we should actually use to make a purchase before it is too late because now is the right time to make a purchase because 100k is already waiting there.

[rahmatrf331]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

[ultrloa]

Bitcoin always recover from the dip, I've been in crypto since 2017 and I also experience dip and huge correction of btc price that time when I was still a newbie in crypto I am easily get panic and sell my assets then i sometimes loss a huge amount of capital and profit. For now I am not afraid of dip because I know that Bitcoin will surely recover and now I slowly believe that btc is the future.

No matter how long the dips, bitcoin will always rebound back to its high value. Bitcoin price is definitely starting to recover now from $53k-$57k and it might be the next step will be surpassing its $60k resistance level. Although the market seems so unpredictable but when it comes to bitcoin, we already know that its value will not stay in dump, but it always bounce back again so it could reach another bullish value. Probably those who bought bitcoin when it was below $55k are already in profits today.

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

[TopTort777]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

Are you sure about that? Yesterday Bitcoin hit +58k and the price dropped back. Now we are near 58k again and I expect the price to drop again in the late evening. But if we look on top alts, we will see a completely different picture. Ethereum is only gaining, BNB is not lagging behind, Solana looking really good. Since Bitcoin has dropped its price from +65k, these alts managed to recover and are really close to updating ATH. So is Bitcoin really in a "fast phase of recovery" ?

[Devifajarina]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

Are you sure about that? Yesterday Bitcoin hit +58k and the price dropped back. Now we are near 58k again and I expect the price to drop again in the late evening. But if we look on top alts, we will see a completely different picture. Ethereum is only gaining, BNB is not lagging behind, Solana looking really good. Since Bitcoin has dropped its price from +65k, these alts managed to recover and are really close to updating ATH. So is Bitcoin really in a "fast phase of recovery" ?

I think bitcoin is in a recovery phase for now, look at the last two days, bitcoin conditions corrected quickly, but in the next two days it was in a slightly stable phase, while Ethereum, BNB and Solana also had an impact from today's bitcoin recovery, indeed it is difficult to predict market conditions, but the extension of ATH is quite close to the end of this year or at the latest until early next year, let's witness a bull run for the umpteenth time.

[fullhdpixel]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

[CaVO32]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

[Shasha80]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

Everyone has different strategies and goals when buying Bitcoin, so indeed not everyone decides on a long-term investment in Bitcoin. Although
we know the most effective and safe way to make profit from Bitcoin, is by holding Bitcoin in the long term. Because we know the price of Bitcoin
tends to continue to rise, so the longer we hold Bitcoin, the bigger the profit we make. However, not everyone can hold Bitcoin in the long term,
there are some people who rely on Bitcoin as a source of income to buy their daily needs. So people like that prioritize short-term trading, so that
the profits generated can be used to buy daily necessities. And there's nothing wrong with that, the most important thing when selling Bitcoin is
not losing. The price of Bitcoin is indeed still stuck below the $60k price, and there is no sign that it will recover again above the $60k price.
But if we watch Bitcoin in the last few weeks continue to move between the price of $54k-$58k, this can be used to generate profits for
short-term trading.

[Fatunad]

Not long the same what happen before where it contribute to the fear of the holders and dump what they have to avoid any huge losses from the current market situation before and hopefully this will not happen this year or maybe next since if bear market will strike heavily in the market for sure we will struggle again to break the new ATH or maybe surpass it. But its good thing to see a little recovery right now so this one should people see so that they will not get panic and sell at loss for seeing a bad scenario in the market.

I do not know when a "huge bear season" will happen, it may happen today or it may happen tomorrow, all I know is that there is a good chance we could actually end up with something that will hurt the market eventually and that is definitely a risky business to get in right at this moment if you are a trader.

I get that long term is a good way to approach crypto and that is what I have been doing for a long time and it has been very profitable, but there are too many traders who get in and get out very quickly so I would suggest those people to be very careful during this period. Not that it will definitely drop, maybe it will go up, we have no idea what is going to happen but I know for sure that it is going to be not so risky at all, it will probably be a short term "loss" but if you hold it then in the long term you will profit no matter at what price you buy bitcoin.

Some traders are in here for short-term because they have other priorities to attend to like using some of their profits to their necessary expenses and such. And some who can really afford to hold long term, can actually see the benefit of holding and waiting as the value increase throughout the years. If you are a holder and has the necessity to sell, just sell it when you are in positive side. What I mean is, at least sell it not at a loss. Bitcoin will always have this up and down movement and so with other alts.

Not all would really go along with long term aspect because of some circumstances which is totally personal but if they  could able to sustain then this is something
varies on certain conditions which we know that not each person would really be the same just like this. Play with the price movements and as a trader then
you should really need to deal up  with movements wisely and effeciently even though its not predictable but at least you do know on what you are doing.

[bengsabeng]

Of the many coins, bitcoin is in a fast phase of recovery. there are many and frequent price corrections that are very significant but recovery is very fast. so therefore there is no need to worry about sharp market price corrections.

yes that's true, bitcoin price is starting to recover but not a very fast recovery phase like you said because currently bitcoin price is stable at around $57k price. In my opinion the current bitcoin price recovery phase tends to be slower than the previous recovery phase, and if you look at the current bitcoin price movement it looks like a stable price will happen again.

[ivankoh]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

[Natalim]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

[coderben]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

[noormcs5]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

There is no link between black friday and crypto prices. However, i see a lot of selling pressure in the last few days which may not be good for traders in the short term.

Overall i think that december is usually a bullish month for bitcoin and we may see some good momentum in bitcoin prices in mid of december.

[geegaw]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

The clearer assumption is that we are facing a new variant of the pandemic, the economic bridge being restructured has once again fallen into disrepair of finance and support, most of the direction of support is gradually turning to health and policies to help people experiencing the pandemic, of course, such disruptions that make bitcoin on its way back are also affected. Especially at the end of the year with major holidays and people in dire need of money, investments like bitcoin will have a lot of liquidity, it's easy to see bitcoin being battered by bad news as a sign of winter break

[cryptomaniac_xxx]

My latest thought is that on weekly bars we are seemingly breaking down some, till it proves me wrong and can break this latest pattern of lower highs then I assume we do cross 56k to lose the higher price action first established around year start.   Doesnt have to be forever but a trading break and revision of lower prices seems more probable for now.
  Of course to hold this area this week at least, break upwards is similarly bullish if we can achieve that much (call me when its over 60k).  Even then I expect us to remain in a trading range for the remainder of this year.

Bitcoin's rally is responding to sentiments - Damn Black Friday. it seems bitcoin is retesting its long-term Holder bias. I think, That's why the market makers test the signal levels at 53k - 56k (this range still shows great optimism) before the pressure needs to break through at the level 60k$. If the above conditions are true, I'm guessing to see a big break at > 60k$ soon

That really was huge, after the Black Friday sale, bitcoin was not able to bounce back at $60k anymore, it's struggling and everytime it tries to break the resistance, it fails, so we have to be prepared for a possibe below $50k price if the support won't be able to hold it long can probably call it a bear market?

There is no link between black friday and crypto prices. However, i see a lot of selling pressure in the last few days which may not be good for traders in the short term.

Overall i think that december is usually a bullish month for bitcoin and we may see some good momentum in bitcoin prices in mid of december.

That's the keyword here, "short-term". So despite the selling pressure again because of the new discovered variant of covid-19, sooner or later we will have a break out run and a good bounce back in December and obviously the next stop will be at $60k. And maybe we can build enough momentum to see and get to a new all time high in the 2nd or 3rd week so we will see. I'm still optimistic that we are still in the bullish mode this December.

[bengsabeng]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

That's right, if the market conditions are like today of course short-term investors or day traders can get profits very quickly. I think the recovery has occurred since the bitcoin price was around $30k, of course in that recovery phase the price will not increase continuously because sometimes there are FUDs that attack bitcoin.

[jaberwock]

This kind of changes in the price shouldn't mislead anyone. Because after seeing the level around $60k, it has went down to the level of $56k now. There are so many ups and downs these days and short-term investors might make a good profit. But when it comes to a "recovery", I think that it is still early to talk about. I think it is better to observe the price movements for more time then have some clearer assumptions.

That's right, if the market conditions are like today of course short-term investors or day traders can get profits very quickly. I think the recovery has occurred since the bitcoin price was around $30k, of course in that recovery phase the price will not increase continuously because sometimes there are FUDs that attack bitcoin.

The short futures are looking like they are making a good amount of money these days, we keep having these drops and they are making insane returns thanks to it, which means that we are getting more and more long futures liquidated and that drops the price even more and that results with their btc to be turned to USDT to pay the future contract costs and that results with even more drop and goes in a cycle until it stops.

Short term shorting right now is one of the most profitable things that people could do, maybe not in the future and we may increase very soon, but for the past one month we have seen plenty of drops, and that usually ended up with people making way too much money for price drops and it caused the price to not be able to recover that easily at all.

[asrinur]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

[Vdecso]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

[arufox]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

[Devifajarina]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

[elisabetheva]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

[Rasa nanas]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

[cryptomaniac_xxx]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

Yes, it fell very sharp this weekend, from low $50k'ish down to $47k-$48k, not sure what's the reason behind another flash crash in just matter of hours, but it seems that we are somewhat entering a bearish phase in December?

Still though, I'm optimistic that this is just another bump the road and if ever $100k is not going to happen this year, I will not be disappointment because sooner or later we are going to hit it maybe later next year.

[LUCKMCFLY]

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

Yes, bitcoin now have tried several times to break through $58K but haven't been able to reach it and drop back at $57K, looks like resistance at $60K. hopefully the end of this month can be passed by bitcoin so that the ability to increase in december can be easily done.
there is always a chance that bitcoin can be done at the end of this year because bitcoin movement can do that quickly. we wait patiently.

Maybe for now its struggling to reach back again at $60k since many people are still afraid to buy since they think that this is the start of the bear but for sure once we remain stable at this figure for sure we can see this climb on next month since many people will get back on their feet then buy again since many will provably think that we can see a better picture of it next year. Hopefully this remaining this of the month we will be surprise by bitcoin to reach at $60k again.

I have been reviewing the entire market, articles and everything that has to do with BTC and the market in general, I have seen some tools, unfortunately I have not activated the "volume profile" but I understand that since yesterday there was a large purchase, then I Whole that was Microestrategi, which is excellent, but it has not had the impact that is wanted in the market, it has tried to go up, and I think they bought at the $ 52k levels and it has risen to $ 57k, but the trend is Very bearish reviewing the orders, however the pools indicate that a series of sell orders have been generated in more than $ 60k, it is difficult but not impossible.

[Devifajarina]

The market in general turned to green today. Bitcoin is also positive now but I'm still waiting for some time more to make sure about my decision to buy or not. Because we have seen so many times so far that the increase in the price was fake and went down sharply in a short time. I don't care about it much when I make an investment for a long term. But for a short term, it is better to be more cautious.

looks like the fake price hike is happening again today, today the price of bitcoin fell quite deeply, even deeper than the price decline that occurred before.
I think this is the right time for day traders to buy because in the next few days the bitcoin price will recover and of course can make a profit in a short time.

Yes, it fell very sharp this weekend, from low $50k'ish down to $47k-$48k, not sure what's the reason behind another flash crash in just matter of hours, but it seems that we are somewhat entering a bearish phase in December?

Still though, I'm optimistic that this is just another bump the road and if ever $100k is not going to happen this year, I will not be disappointment because sooner or later we are going to hit it maybe later next year.

Bitcoin is not so disappointing under any circumstances, because actually bitcoin is the only one that has a level of stability, the occurrence of a correction to bitcoin will also not have an effect for so long, it will recover slowly, and I still believe bitcoin will be able to overcome such a correction , and even bitcoin will hit a higher price, both early and next year, no bigger concern in my view.

[Rimueng]

The current condition of the bitcoin price is still experiencing a very deep correction. bitcoin price even fell 15% in the last week. The correction in bitcoin prices is as investors tend to hold back their risk appetite amid negative sentiment from China.

[Questat]

The current condition of the bitcoin price is still experiencing a very deep correction. bitcoin price even fell 15% in the last week. The correction in bitcoin prices is as investors tend to hold back their risk appetite amid negative sentiment from China.

Based on the price trend, it looks like we are going downtrend and that's inevitable as we enjoyed a bull market in most of this year and some months last year. 15% fall is small compared to the percentage it pumped in the past few months, time for correction so time to relax, be patient and buy more if you feel like adding more value to your investment.

[arufox]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

Bitcoin price corrections that occur towards the end of the year like this have actually happened repeatedly in the last few years and bitcoin has always been able to overcome it and bounce back. I predict the price of bitcoin will skyrocket again early next year. Moreover, if we look at the historical ups and downs of bitcoin prices, it is possible to return to the bull run in Q1 2022.

[btc_angela]

I think bitcoin is having a hard time holding on to the $59k level and is now down to the $56k price level. until now the price of bitcoin has not returned to the level of the ATH price. The price correction that occurred in the last few weeks indicates a short-term bearish trend. However, a break above $59k is still possible in the near term and potential trend reversal, giving hope for a bullish run.

always continue to be optimistic even though we also cannot close our eyes that bitcoin is in a very deep dilemma and continues to be corrected and is unable to rise quickly as usual. time is running and to reach the final ATH will it be possible before the end of the year? it all depends on all the potential that exists and still want bitcoin to be able to reach at least in the range of $70K which yesterday was just a step away but couldn't be achieved.

Bitcoin price corrections that occur towards the end of the year like this have actually happened repeatedly in the last few years and bitcoin has always been able to overcome it and bounce back. I predict the price of bitcoin will skyrocket again early next year. Moreover, if we look at the historical ups and downs of bitcoin prices, it is possible to return to the bull run in Q1 2022.

At the end of almost every year, BTC has a good run, unlike today, in which we will have a good bounce, like 6% and then goes down again. Just like what we've seen in the last 24 hours, from $49k almost $50k and then dipping below the support level of $48k -> $46k. Something is wrong with that kind of movement. Investors are selling off, we really don't know the reasons for now as to why the movement is like that this December and this is the first time we've seen this.

[dataispower]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Everytime bitcoin is making changings weather negatively or positively, there is one thing i notice in bitcoin, it always go against or it balance to a specific motion, the figure i saw in bitcoin last three days as the market price and the price i notice today is not the same thing, the figure rotates and is not stagnant, everyone needs to believe that bitcoin will possessed it ground again as it did before, today i even experience that is going down ward again instead of increasing

[asrinur]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

[aruldaroy]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

I see the price of bitcoin today is around $46,534.37
Now the crypto currency or other Bitcoin currencies are back in a weakening trend.
Even in the last 24 hours, the price of Bitcoin has slumped 7.31%. even the decline in the price of ethereum is also down 8.78% in the last 24 hours.
and why are you so sure that the current decline in bitcoin prices is due to the new variant of the corona virus.?

[Natalim]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

That's alright because we are talking of short-term drop only, as we always see, bitcoin pumps heavily and will create a new ATH after it will struggle for quite some time. The short term movement is just brought by FUD, but if you really look at the real potential, the overall movement is very impressive and with enough knowledge, you should not worry holding it, even for long term.

[STT]

Short term moves dont matter so much, this is just price revision of fairly recent action.     I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week.   We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
   Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.

[24Kt]

In my opinion, the last few weeks the bitcoin price has not recovered after dropping 10 percent from its record high position reached in early November due to the new variant of the corona virus that prompted a massive sell-off in the crypto market.

But the virus is not one of the strong reasons for the bitcoin correction, even at the beginning of the virus bitcoin didn't have much impact, it means that there was another influence that made bitcoin corrected, resulting in a sharp decline in price, but now the situation is back normal at the previous price, hopefully by the end of the year bitcoin hit its highest price.

Indeed, the fear of the emergence of a new variant of the covid-19 is not a strong reason for the drop in the price of bitcoin in the last few days. but one of the strong factors that caused the decline in bitcoin prices was the rejection of the wisdom Tree bitcoin Trust by the SEC and also the FED. Therefore, if there is no positive sentiment in the near term, I think the decline in bitcoin price will continue until early next year.

That's alright because we are talking of short-term drop only, as we always see, bitcoin pumps heavily and will create a new ATH after it will struggle for quite some time. The short term movement is just brought by FUD, but if you really look at the real potential, the overall movement is very impressive and with enough knowledge, you should not worry holding it, even for long term.

We need to look at the bigger picture here because if you will get paranoid by everyday market movement, you will get crazy. Just think of bitcoin few years ago, what we have right now has never achieved in the previous years. And the market is still growing as more users are getting on board. Be worried if the popularity of btc or crypto is declining and losing its appeal. But we are still on the positive side, so the possible increase of value is just around the corner as we further increase its adoption.

[btc_angela]

Short term moves dont matter so much, this is just price revision of fairly recent action.     I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week.   We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
   Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.

It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.

So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.

[Chato1977]

I thought it is but after almost making it back to 50k , Now the price remains 48k and slowly fading again.

Do you really think that Christmas is a good time? or even in New year we will not be seeing any growth or the much awaited another ATH for Year ending?


anyway let us be contented , besides we can do nothing for this occasion .

[doomloop]

It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.

So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.

Whales are smart but they know what they are capable of doing whenever they look at the market which means we may not see something that they are seeing right now. They could get together, spend billions on the market to move it to any direction they want and make a ton of profit. This doesn't mean that they will definitely do it, but it means that there is a good possibility they could do something like that.

This is why I am not holding my breath, they could suddenly change the whole situation, we could be 30k or we could be 70k all because they started something. Do not forget that there are hundreds of news websites out there who are ready to write an article as long as you pay them money, which means if you pay a total of 100k, you could get a "news" out in 100 different big places, or a million dollars, the difference is nothing for them. So they could both manipulate the market by getting in themselves, but they could also manipulate the media as well.

[Quidat]

Short term moves dont matter so much, this is just price revision of fairly recent action.     I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week.   We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
   Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.

It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.

So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.

Really hard to make out some conclusions or presumptions on whatever the the price would be moving which this one makes really hard to determine on what would be the possible
movement which it isnt surprising that we would have no idea on neither its still the bottom or the peak for this year but as a crypto investor then you should have prepared
for this matter because its always been like this and you should be wise on making out decisions specially on a sideway moving market.
Yes, its hard but not impossible and that you should bare in mind.

[matchi2011]

Really hard to make out some conclusions or presumptions on whatever the the price would be moving which this one makes really hard to determine on what would be the possible
movement which it isnt surprising that we would have no idea on neither its still the bottom or the peak for this year but as a crypto investor then you should have prepared
for this matter because its always been like this and you should be wise on making out decisions specially on a sideway moving market.
Yes, its hard but not impossible and that you should bare in mind.

It needs time to observe how the market will move, not easy as some think that way.

But if you focus and dedicate yourself with how to find the right system, that will give
you good edge, success will be there to follow, the market sway is something that you
need to understand. It gives you the upper hand if you know how to play and ride.

[STT]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

[wajik-tempe]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

[LogitechMouse]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

More confirmation is needed in order for this recent rise is considered bulls regaining the control.
Going above and closes the 21 Weekly EMA is one, another is going above the $52,000-$53,000 resistance. If one of this will happen within this week then its a good news and we might see a happy new year with the market . Of course it doesn't mean that this will continue to go to its previous ATH because there is still a chance that this is just a short rise then we might see a long candles going down in the succeeding days.

[$crypto$]

I thought it is but after almost making it back to 50k , Now the price remains 48k and slowly fading again.

Do you really think that Christmas is a good time? or even in New year we will not be seeing any growth or the much awaited another ATH for Year ending?

anyway let us be contented , besides we can do nothing for this occasion .

We can only observe this all the time, but by Christmas bitcoin is getting better can this be said to be a sign that a recovery is coming? I know it's reverting back to its resistance but I'm not sure it will last and could lead to any fading maybe when bitcoin $55k will fall again or will rally that I need to watch.
But if we can get through Christmas and the holidays with prices still above $55k then I'm sure this can lead to good market growth.
But I'll be complacent when I take the chance before.

[onecall123]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

[ShowOff]

We can only observe this all the time, but by Christmas bitcoin is getting better can this be said to be a sign that a recovery is coming?

One thing that is certain is that the bitcoin price is on the right track to recovery although it is not certain that it is a bullish sign that it will probably be during the end of the year or early next year.

But I'll be complacent when I take the chance before.

Good potential may still await next year, but whoever took advantage of the previous correction by buying bitcoin then now they will have to be content with the profit. Market growth is still highly expected, of course. But we should not take this rise as a bullish signal without analyzing and weighing the risks. This is an important part of trading.

[Masplanc]

Volatility is one of the nature of bitcoin, the price can never be predicted,  it goes up and down at any time. So recovery is not something new in the market. When the price rising up its usually the time when those who have hold for longtime sometime sell.

[ReiMomo]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

Yes the number of investors have grown huge in 2021. Bitcoin ATHs this year has alerted many investors about crypto's growth. Yes, I heard that Investors from share market, have started investing in crypto currency especially on Bitcoin and this has brought down the trading volume in share markets. This created a demand. Today I could observe that many altcoins were bullish. Hope the trend continues and yes Bitcoin hits its next ATH by Jan 2022.

[Russlenat]

This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.

This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

Yes the number of investors have grown huge in 2021. Bitcoin ATHs this year has alerted many investors about crypto's growth. Yes, I heard that Investors from share market, have started investing in crypto currency especially on Bitcoin and this has brought down the trading volume in share markets. This created a demand. Today I could observe that many altcoins were bullish. Hope the trend continues and yes Bitcoin hits its next ATH by Jan 2022.

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

[matchi2011]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

[TravelMug]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

The price has corrected itself isn't it? From our last all time high of $68k and now we barely make it to $50k. If not for the push this Christmas, I don't think we will see that price because it is a big mental barrier so far.

So we are a long way ahead for the recovery process, on the contrary, we might be entering a bear market next year so just prepare ourself to not lose our investments.

[elisabetheva]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

In the process of moving forward again, yes, it's not really an assurance even we experienced some small rise
The chance to see another correction is very possible to happen. Bitcoin is still unpredictable. We need to asses
and make sure not to judge too quick or not to rush to avoid making mistake and lose your investment.

for the past few months bitcoin seems to be comfortable with the current price, doesn't want to go down too deep and doesn't try to get past the ATH that has been created again. Is this a preparation for the next step in 2022, where there should have been a correction at the beginning, or will there be a surprise like this year that actually saw an increase.

if you want to invest in bitcoin, you don't need to be afraid of what the current price will be because when the halving occurs it will certainly reach renewable ATH, but if you can buy it when the price is corrected, it's certainly very good.

[peter0425]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

at exactly 1 month after Bitcoin still struggling to touch that 60,000 barricade so there is no sense in telling that it is really a recovery .
maybe slightly but now it is assured that there is no another ATH coming this 2021 , i think everyone will agree on that.
but staying positive wont hurt us actually so lets see what's coming next .

[btc78]

I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.

Keeping Hindered to even climb above 50k , there are even more dumping happened this December than Last November so i think we are now in the verge of Bearish market.
As the Bullish year is week near to end and the new one coming in which mostly the year after the Bull is Bear.

Volatility is one of the nature of bitcoin, the price can never be predicted,  it goes up and down at any time. So recovery is not something new in the market. When the price rising up its usually the time when those who have hold for longtime sometime sell.

yes like what Correction happens after each Bull , recovery happens every after Bear or at least dumping time .

[jamkesmas]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

[mattujusuruga]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

[Fakhrulenclix]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

a few days ago Bitcoin was at 50k and currently dropping back to 48k I think it's still very good and not a price correction too deep with the current price it is very possible for bitcoin to hit ATH again in the near future when the bull market comes.
and with what is happening in the market today I think it is still very reasonable that the crypto market price moves so fast and there is no need to worry because from what has happened in the past Bitcoin always recovers from adversity.

[yohananaomi]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

all of course hope like what you say that bitcoin will go into a positive trend, but it's hard to guess because the predictions of the end of the year which will reach high prices, have not been proven at all and many are disappointed.
and this situation actually has nothing to do with the covid pandemic.

but that disappointment certainly shouldn't drag on because I'm also as optimistic as you that the correction trend will end in time, if the correction stops the same as in 2021, we can be sure that in February there will be a surprise that can make everything reach its best point.

[Dhaniii]

 a clearer assumption is that we are facing a new variant of the pandemic, the restructured economic bridge once again falls into financial and support collapse, most of the direction of support is gradually turning to health and policies to help people experiencing the pandemic. , of course, such disturbances that keep bitcoin on its way back are also affected.

[the ghabbar]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

It's hard to predict bitcoin in these conditions, bitcoin in general is the most stable coin compared to others, but the correction makes bitcoin go back down at a price that is not so big, I also don't see this as a bull trap, but this correction is a common thing happening, but reaching new ATH is difficult for bitcoin at the moment, I predict bitcoin will make great progress in the middle of this year.

[Dave1]

a clearer assumption is that we are facing a new variant of the pandemic, the restructured economic bridge once again falls into financial and support collapse, most of the direction of support is gradually turning to health and policies to help people experiencing the pandemic. , of course, such disturbances that keep bitcoin on its way back are also affected.

We've been living in a 'new norm' already, economy has started to grow back, although we have another covid-19 strain that really affected us from November and up to this day. Nevertheless, I don't think this could be the biggest single factor that really affected the market.

Maybe the investors really smell something fishy with the way the price is moving right now. Maybe we are really in a bear market after-all. And with that, everyone will need to adjust our strategy as the market is changing, we should also adapt.

[MarjorieZimmermanGinger]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Bitcoin is the most stable cryptocurrency, today bitcoin is experiencing a correction from the previous months, but this cannot be used as a reference that bitcoin is not growing, corrections are common, to reach high prices it takes time for recovery to bitcoin, if seen maybe in May it is likely that bitcoin will reach that price, hopefully bitcoin will really recover and reach the maximum price.

[Ebede]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

In 2022 information of coins will change the negative you are talking and another from the positive and positive is going to be greater another, no pandemic this year and it has stopped long time every body know that cryptocurrency will have more population and more great this year 2022 if you have money invest and follow the lines of investment

[the ghabbar]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Bitcoin is the most stable cryptocurrency, today bitcoin is experiencing a correction from the previous months, but this cannot be used as a reference that bitcoin is not growing, corrections are common, to reach high prices it takes time for recovery to bitcoin, if seen maybe in May it is likely that bitcoin will reach that price, hopefully bitcoin will really recover and reach the maximum price.

It is not a measuring tool for bitcoin at the time of the correction, because there is no single coin that we can predict 100%, but unlike bitcoin, people can see the movement, stability and number of requests, so to make predictions have a reference, even for the month of May also not necessarily bitcoin will recover completely from the correction, but what we need to understand is bitcoin is the only stable coin in cryptocurrency and there is no need to worry too much about dibitcoin correction.

[kotajikikox]

I think bitcoin in 2022 will be a positive trend where the covid pandemic is starting to disappear in some countries. although in 2022 there will be negative and positive trends as in previous years. but in my opinion the value of bitcoin will penetrate 100k.

In 2022 information of coins will change the negative you are talking and another from the positive and positive is going to be greater another, no pandemic this year and it has stopped long time every body know that cryptocurrency will have more population and more great this year 2022 if you have money invest and follow the lines of investment

Who told you that the pandemic had already stopped? have not you watching news recently? the new variant is spreading quickly and there are some lock downs happening again in some areas.
and death tolls and also the infection is rising specially this past holiday that the people cares nothing again as if there are no crisis and pandemic happening.
but also pandemic is not the main reason why the market is stagnant because even when the virus is highly increasing last year yet the market makes its way to the highest .

[cryptomaniac_xxx]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

For now I don't think bitcoin will be able to reach new ATH until mid-2022, the correction is still continuing to this day, even if you pay attention to the previous month, bitcoin has not been able to recover the correction to the maximum, this means it is difficult for bitcoin to reach new ATH in the beginning year, even so I believe bitcoin in the middle of 2022 will experience a good increase, let's see what the middle of this year bitcoin will be like.

On the contrary, maybe we will not see any new ATH for 2022, not until mid-2022 if we suddenly goes into a bear market. And this correction that we are seeing is not a correction per se, but the start of a downward trend similar to what we have seen during the start of 2018. And I have seen members back then doesn't want to believe or at least turning turn heads when all signs of a bear market is already here. So all I'm saying is that we should just be cautious first and see what's going on around and think that somewhat a bear is imminent in this market.

[Natalim]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

For now I don't think bitcoin will be able to reach new ATH until mid-2022, the correction is still continuing to this day, even if you pay attention to the previous month, bitcoin has not been able to recover the correction to the maximum, this means it is difficult for bitcoin to reach new ATH in the beginning year, even so I believe bitcoin in the middle of 2022 will experience a good increase, let's see what the middle of this year bitcoin will be like.

On the contrary, maybe we will not see any new ATH for 2022, not until mid-2022 if we suddenly goes into a bear market. And this correction that we are seeing is not a correction per se, but the start of a downward trend similar to what we have seen during the start of 2018. And I have seen members back then doesn't want to believe or at least turning turn heads when all signs of a bear market is already here. So all I'm saying is that we should just be cautious first and see what's going on around and think that somewhat a bear is imminent in this market.

Even if that would happen I would still not discourage investing because I also see this in the past, after a bull run a long correction will come but that's alright because it's a normal thing based on the current cycle. The bear market is the time for accumulation while the bull market is the time for selling, that's pretty much it.

[STT]

We are in a daily range for now, today its bottom of that range and overall it appears badly in some decline but still I dont presume we simply fail downwards as that is the most predictable action and BTC volatility says we are most biased to do the unexpected quite often.

[MarjorieZimmermanGinger]

We are in a daily range for now, today its bottom of that range and overall it appears badly in some decline but still I dont presume we simply fail downwards as that is the most predictable action and BTC volatility says we are most biased to do the unexpected quite often.

The current condition is not a reference in making the range, the current failure has not determined that bitcoin is not able to provide the maximum value or price, corrections are a common thing that occurs in the market, so I don't think it's determined at this time and my belief is that bitcoin will increase in the future maximum at a high price, therefore we are waiting for this condition to occur and we must be able to take advantage of it to achieve maximum profit.

[Ngemmeng]

We are in a daily range for now, today its bottom of that range and overall it appears badly in some decline but still I dont presume we simply fail downwards as that is the most predictable action and BTC volatility says we are most biased to do the unexpected quite often.

The current condition is not a reference in making the range, the current failure has not determined that bitcoin is not able to provide the maximum value or price, corrections are a common thing that occurs in the market, so I don't think it's determined at this time and my belief is that bitcoin will increase in the future maximum at a high price, therefore we are waiting for this condition to occur and we must be able to take advantage of it to achieve maximum profit.

if we see the price of bitcoin continues to increase all the time we can use this moment as a reference to predict the price of bitcoin in the future. indeed in the short term the price of bitcoin does not always rise, but in the long term the price of bitcoin continues to increase. The price of bitcoin today is much more expensive than the price of bitcoin 10 years ago, with this fact it can be a reference for all of us to predict bitcoin price movements in the future.

[the ghabbar]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

Bitcoin is the most stable cryptocurrency, today bitcoin is experiencing a correction from the previous months, but this cannot be used as a reference that bitcoin is not growing, corrections are common, to reach high prices it takes time for recovery to bitcoin, if seen maybe in May it is likely that bitcoin will reach that price, hopefully bitcoin will really recover and reach the maximum price.

It is not a measuring tool for bitcoin at the time of the correction, because there is no single coin that we can predict 100%, but unlike bitcoin, people can see the movement, stability and number of requests, so to make predictions have a reference, even for the month of May also not necessarily bitcoin will recover completely from the correction, but what we need to understand is bitcoin is the only stable coin in cryptocurrency and there is no need to worry too much about dibitcoin correction.

For that reason I say that in May bitcoin will fully recover from the correction, even though it will also be corrected again in the following months, it is true that no one can predict bitcoin 100%, but like what you said that people have references In doing all that, given the amount of demand and stability we can find, today bitcoin is not really keeping up with demand and selling, so to restore the correction requires balance.

I don't think bitcoin will be able to fully recover from the current correction, there must be big steps taken going forward, so that bitcoin is on a good track, but right now the problem is the market is being corrected for all existing coins, so recovering bitcoin is not an easy thing , but believe me in March and above bitcoin will return to a good track, if this happens, at least we have prepared a small or large investment in bitcoin, so that during the bull run we can take advantage to achieve big profits.

[Heartilly]

no matter how much the value of bitcoin drops, it will definitely pump. Especially now that bitcoin is about to reach its max supply. Many businessmen and investors will definitely invest in bitcoin when its supply reaches its limit.

And hopefully, other tokens and coins will also pump when bitcoin continues to pump. The potential of bitcoin has been tested, many have witnessed it when it started at the very first and lowest price until the net price in the market could not be stopped.

[mattujusuruga]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

a few days ago Bitcoin was at 50k and currently dropping back to 48k I think it's still very good and not a price correction too deep with the current price it is very possible for bitcoin to hit ATH again in the near future when the bull market comes.
and with what is happening in the market today I think it is still very reasonable that the crypto market price moves so fast and there is no need to worry because from what has happened in the past Bitcoin always recovers from adversity.

Since the start of the new year the price of bitcoin has not returned to rise since experiencing a price decline late last year. even this price correction has the potential to bring Bitcoin below $40,000. Therefore we are still questioning the volatility of Bitcoin in early 2022. This fluctuation has the potential to further depress Bitcoin prices until mid-2022 or even become a catalyst for a price rally in line with the reduced global stimulus post-pandemic.

[Russlenat]

In my opinion, since bitcoin hit a new ATH in November, and the bear market came in early December it has had a very deep downtrend in price for bitcoin. Until now, the price of bitcoin is still experiencing a significant price decline. Therefore, bitcoin has not recovered since the price decline in early December until now where the bitcoin price is still difficult to rise to the level of $55K.

a few days ago Bitcoin was at 50k and currently dropping back to 48k I think it's still very good and not a price correction too deep with the current price it is very possible for bitcoin to hit ATH again in the near future when the bull market comes.
and with what is happening in the market today I think it is still very reasonable that the crypto market price moves so fast and there is no need to worry because from what has happened in the past Bitcoin always recovers from adversity.

Since the start of the new year the price of bitcoin has not returned to rise since experiencing a price decline late last year. even this price correction has the potential to bring Bitcoin below $40,000. Therefore we are still questioning the volatility of Bitcoin in early 2022. This fluctuation has the potential to further depress Bitcoin prices until mid-2022 or even become a catalyst for a price rally in line with the reduced global stimulus post-pandemic.

The expectation did not happen, we were expecting a $100k this year and it looks like instead of a bull run, a bear run is happening now. It's likely that bitcoin will fall below $40k, as what I read in an article, it says that $38k will be its dip, so watch out for that but don't be surprise.

[StreakW]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

[the ghabbar]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

It's true that bitcoin is still in the correction stage at this point, but in the long run I'm sure bitcoin won't go down at $40K, to reach that level is difficult for bitcoin in my view, the correction will recover if something happens in the market, that's this means investors will have to make a surprise in the next few months, for bitcoin to recover
from the correction, then produce the maximum selling value, but caution is needed to secure the investment that we make.

[bitgov]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

Also, I believe it is too early to open a position. There is still no signal that the downward trend is over. Any attempts to raise the price end up with further drops. I think a drop below $40k is very likely. At $39k, we'll be thinking what to do.

[lenovop-70]

Last November was good for Bitcoin's movement to crawl up, but today, January 2022 as previously predicted by experts there was a scary bloodbath as we are witnessing today.
Actually this is reasonable because the previous data already said about 'Crypto Winter' as now in the first quarter of most years passed.
So IMHO, this is a good time to buy and take profit at the end of the year, my advice is to do some deep research before kick in, good luck guys!

[Kemarit]

Last November was good for Bitcoin's movement to crawl up, but today, January 2022 as previously predicted by experts there was a scary bloodbath as we are witnessing today.
Actually this is reasonable because the previous data already said about 'Crypto Winter' as now in the first quarter of most years passed.
So IMHO, this is a good time to buy and take profit at the end of the year, my advice is to do some deep research before kick in, good luck guys!

I think the bloodbath has somewhat stop to $36k++, there's no more downward spiral for now as we have bounce back to $38k at the end of the year.

Of course this is still very far from the all time high we have in November, and maybe we are in a crypto winter already. Nevertheless, time to accumulate again and right, another perfect opportunity to buy and just hold and wait what will be the end of the year price will be. If the price doubles, then we know we have profited good, but if the price goes down, still a good time to hold and wait for the next eventual bull run.

[bounceback]

Bitcoin has made good progress today compared to last three days today Bitcoin almost touched $60k ($59,390) as a result we have seen decent progress in other altcoins as well. Either this is a breakout point wherein bitcoin will proceed towards new ATH or a bull trap but I don't think it would be a bull trap as market just went through correction phase. What's your opinion on bitcoin at the moment?

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

Also, I believe it is too early to open a position. There is still no signal that the downward trend is over. Any attempts to raise the price end up with further drops. I think a drop below $40k is very likely. At $39k, we'll be thinking what to do.

Yes, it looks like the downward trend is still continuing and it's best not to be in a hurry to open long positions, judging from the coinmarketcap data, bitcoin lowest price was at the $33k level at the beginning of this year but even though the price has started to rise to $38k at the moment after being at the lowest point but if you want to open a position then a very mature technical analysis is needed.

[fullhdpixel]

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

Also, I believe it is too early to open a position. There is still no signal that the downward trend is over. Any attempts to raise the price end up with further drops. I think a drop below $40k is very likely. At $39k, we'll be thinking what to do.

Cannot really say that its early but we have been in this situation ever since last year where the market is not really doing well. Opening a position and buying some bitcoins is the best thing to do now because that prices will surely recover later on.

Do not waste time waiting for a signal and even if someone gave you a signal, there still a chance that itl fail. You do not want miss this golden opportunity are not you? So, what are you waiting for. Will you wait for 39k before you start acting? Man, that is only a 1k difference from 40k, do not be too stingy besides you can still earn that 1k or even more than that when the bull run returns.

[Pamadar]

In my opinion, since the last month until the beginning of 2022, the price of bitcoin is still correcting, although in the long term we can see a repeating bullish pattern but if the support in the $49k-52k area is not broken then the possibility of a price decline could reach the level of $40k. Therefore, please be careful when opening positions, it is better to wait for the confirmation of the reversal first.

Also, I believe it is too early to open a position. There is still no signal that the downward trend is over. Any attempts to raise the price end up with further drops. I think a drop below $40k is very likely. At $39k, we'll be thinking what to do.

Cannot really say that its early but we have been in this situation ever since last year where the market is not really doing well. Opening a position and buying some bitcoins is the best thing to do now because that prices will surely recover later on.

Do not waste time waiting for a signal and even if someone gave you a signal, there still a chance that itl fail. You do not want miss this golden opportunity are not you? So, what are you waiting for. Will you wait for 39k before you start acting? Man, that is only a 1k difference from 40k, do not be too stingy besides you can still earn that 1k or even more than that when the bull run returns.

Tough call if you are unsure and you are still waiting for any signal, but if you do believe that, it will bounce back

buying at this stage is a good opportunity. It's all about how you do your research and how you assess the market. Everything
will depend on how you anticipate and project the potential outcomes.

Deal only if you have certain plan and make sure that adjustment can be done if in case things won't go in the direction
that you are waiting, it will help you to extend your patience and not to decide that quick.

[STT]

Still in decline below a downtrend I think, its hopeful but not yet positive acting imo



We are above the weekly average so with momentum but the price action is being squeezed between these two trends and we'll have to wait for main markets decide during the week I think.