Bitcoin is recovering

[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.