Bitcoin on sale, will the support continues to hold?

[justdimin]

There's nothing 'dangerous' about this price drop.It is what it is.The price is dropping now,but it will go up.
It seems like the world is still panicking about this new COVID variant,which is weird,because the new COVID variant doesn't seem to be more dangerous than the previous COVID mutations.
There are also some political tensions between USA and Russia about Ukraine,but I don't know what their influence over the cryptocurrency markets will be.
Bitcoin had proven to be pumping in times of uncertainty and crisis.
Just stop caring about the Bitcoin price for a while and enjoy the upcoming holidays.

People do get worried about the price changes all the time. There is nothing we could do to make this work in any other different way, bitcoin will go up and bitcoin will go down and there will be days when we go up insanely high and there will be days when we go down insanely low. People are shocked about 10-20% falls because 50-60% is usually the max we reach, sure we had nearly 90% once upon a time but that was once upon a time and did not stay that way too long. Which is why I believe that we should not be focusing on these type of falls as the death of bitcoin but people invest so much of their money into it that they can't just stop and feel mortified about this fall.

[Oceat]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

[michellee]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

[adaseb]

The stock market futures just opened and it’s almost up 1%. And crude oil futures are up 2.5% and most important there wasn’t much Omicron news over the weekend. Seems that people are starting to move on.

So there is a good chance the stock market will start to rally again after this sharp sell off and cryptos will take off afterwards. There is still the issue of tapering and fed rates however that will be a larger issue towards the end of Spring.

[Vaculin]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more. Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

[Wawa2013]

~

It's the people who actually makes the price move and not Bitcoin itself though I get your point but I just want to clear things up. Anyway, back to the topic, it seems that Bitcoin price is testing the support level if more weak-hands will going to dump this time so that whales could easily buy them at a low price. I hope weak-hands realize that 'cause if not then they're fuck up once Bitcoin starts to break slowly from $50k - $55k - $60k - $70k and so on though the hardest resistance ever Bitcoin want to break is the $70k and I think I've seen this kind of movement when Bitcoin was at $10k and is trying to break the $15k resistance but couldn't until some months pass by it finally break it straight to $20k and before we even realize it was a bull run already.

Hopefully, the support level can hold the price not to go down for more. Otherwise, we will see another moment for the bitcoin market falls once more time. Those weak hands really need to calm down for a moment by not selling their bitcoin with panic because the whales already target their bitcoin to buy. The hardest thing for bitcoin to break is in the price of $50k. Every time bitcoin wants to go to that price, it goes down but after a while, the price is back to the current price. Maybe this moment is crucial for bitcoin because this is like a new starting point for bitcoin to go to the higher level of the price. Hopefully, this month and next year can be a good start to rise again.

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more. Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

For people who have faith in Bitcoin, maybe they can see the decline in the price of Bitcoin from the positive side, where the decline in the price of
Bitcoin becomes an opportunity to buy Bitcoin at a low price. I know now is not the time to panic and sell our Bitcoin, but now is the time to be
patient and have faith in Bitcoin. While there's no guarantee that Bitcoin won't go down any further, we have to make sure the Bitcoin support
price is strong enough to keep Bitcoin from falling below $40k. Because if Bitcoin drops below $40k, then quite a lot of investors will panic and there
will be a very deep drop to a much lower price. I also really hope that in the near future there will be good news that will come, so it will trigger
prices to rise again. At least I really hope by the end of this year Bitcoin can return to above $60k price, so early 2022 Bitcoin price will be much
more bullish.

[Yaunfitda]

The stock market futures just opened and it’s almost up 1%. And crude oil futures are up 2.5% and most important there wasn’t much Omicron news over the weekend. Seems that people are starting to move on.

So there is a good chance the stock market will start to rally again after this sharp sell off and cryptos will take off afterwards. There is still the issue of tapering and fed rates however that will be a larger issue towards the end of Spring.

Yeah, hopefully this will be the case, but I see a decline from $49k to $47k is just short amount of time, luckily it bounce back to $48k again. We've been trying to break that $50k barrier but to no avail.

I think the Omicron news has just started to settle down a bit this week. And hopefully when everything clears, the price could bounce back to at least $50k. The Fed news might still affect the majority of the investors though, but we will see how it goes.

[wxa7115]

This is a dangerous area now into the $52k's.  And nothing else in the market is holding.  Longs gonna start getting crushed unless the support comes in.  We could be in for an early 2018 type dumpy if this don't stop and rebound.  Either way keep stacking sats and enjoy the ride. 😉

Yeah, I think the dump will continue to $50k'ish before we can see some support, otherwise it will be $48k again in the next coming days.

Either way, if you are here for the long haul then better be stacking sats as our strategy.

So we will see, this is December, a month wherein we remain very bullish, but maybe this time it will be very different because of the latest covid situation globally. And no more 6 digit prediction at the end of the month, Lol, don't expect that so we will not be disappointed.

Since the volatility in this market is so high the support levels have the tendency to be broken creating panic in the markets only to recover a few days later.

I think this is what happened since bitcoin went down its support level in a significant fashion but now it is trading close to the 50k level, anyway I would not worry too much about what is happening and instead I will concentrate on buying all the bitcoin I could under 50k, since I think there is a real possibility that we are never going to see that price again after bitcoin goes above it during the next days or weeks.

[Oceat]

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more.

Just chill dude, December is just starting you don't have to get panic. The way I see it is just a normal movement just like in the previous months and I like how the price moves since it's not really a straight dump but a dump with some small high. If this continues, Bitcoin would hold its price longer than what we expected and the bear run isn't near yet.

Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

Exactly, buying the dip is the right choice considering how the price multiply if you compare it to the previous bull run. If you own at least half or 1 BTC that's a lot of profit if you hodl until the next bull run cycle. So, don't ride with the FUD let them sell theirs and you buy more during the dip.

[Sirait]

I guess we are starting to see some people who are panicking with the possibility of bitcoin going down below $50k.

What are your thoughts, will bitcoin support enough to avoid a dump, and if this price will dump, how low it will go?
Since we are done talking with the possible new ATH, then maybe we should not overlook what is happening now.

welcoming the new year the selling action really increased to cause a sizeable market correction but if we look at the history of bitcoin prices, every end of the year is a big moment, It's not yet confirmed whether we will see a new ATH again in the near future, but for the btc holders, it's better to just keep holding it.

[snipie]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

Below $50k is an opportunity to buy cheap bitcoin before riding the train back to $55-60k as a first step then to +$60k and why not another ATH.
The actual price isn't profitable for anyone so I don't think it will hold much there. December is used to be the month of ATH, by mid December we will see a surge in the price imo

[crzy]

I guess we are starting to see some people who are panicking with the possibility of bitcoin going down below $50k.

What are your thoughts, will bitcoin support enough to avoid a dump, and if this price will dump, how low it will go?
Since we are done talking with the possible new ATH, then maybe we should not overlook what is happening now.

welcoming the new year the selling action really increased to cause a sizeable market correction but if we look at the history of bitcoin prices, every end of the year is a big moment, It's not yet confirmed whether we will see a new ATH again in the near future, but for the btc holders, it's better to just keep holding it.

Keep holding while buying as well because the price is a lot more cheaper and we all know Bitcoin is capable of reaching another peak and it can happen after this correction, there might be no assurance but its possible. Its ok to panic because its normal especially those newbies in the market, just keep focus to avoid any unnecessary decision that you might regret later on.

[Finestream]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

Below $50k is an opportunity to buy cheap bitcoin before riding the train back to $55-60k as a first step then to +$60k and why not another ATH.
The actual price isn't profitable for anyone so I don't think it will hold much there. December is used to be the month of ATH, by mid December we will see a surge in the price imo

It used to be a month of bull run but i think its quite different this year. But i do hope that things will be better and bitcoin will surpass its previous ATH before 2021 ends. Although this may be quite hard to achieve since bitcoin is really down these days but if there will be strong support and positive updates that will help bitcoin to start recovering, then it will be possible that we will still witness a bull run after this long correction. And once bitcoin recovers, all its followers like those solid alts will certainly end up rising their value too.

[fullhdpixel]

hopefully this will be the case, but I see a decline from $49k to $47k is just short amount of time, luckily it bounce back to $48k again. We've been trying to break that $50k barrier but to no avail.

I think the Omicron news has just started to settle down a bit this week. And hopefully when everything clears, the price could bounce back to at least $50k. The Fed news might still affect the majority of the investors though, but we will see how it goes.

I believe that breaking 50k would be the simplest thing we could ever do, it is literally nothing for us. Why we haven't already? Because market hasn't decided on it yet, if they decide that they want to pass it, 50k would be absolutely piece of candy. We are already near that price, even breaking 60k would be incredibly easy.

The real problem starts at 70k and that is only because of psychological ATH reasons, anytime we want to break ATH, it takes a while for people to realize it is inevitable and we all go in. Which is why I believe that bitcoin is not "trying to go up" right now, if it was trying to go up then it would have gone up for sure without a problem. In any case, we just need to realize that this is a bit of a time taking thing and we need to wait it out.

[STT]

Heres a critical point, a downtrend that we need to outlast and beat to continue this slight recovery from the sell.   I'm looking for price to handle itself positively past the 49k area or continue negatively as per prior price action.


The critical confirmation to negative resolution of this current sideways movement would be to trade below 46900 on 4hr bars, I think that could be an important point to observe.

[milewilda]

We will see $50k soon because after BTC got down yesterday, it seems the price is going strong again and trying to increase step by step. Although it is not easy to lift and reach back to $50k, I am sure BTC can do that and grow at the right time. But BTC needs time before the price can go back to $50k while more support will come to back up bitcoin, which can help bitcoin to lift the price. If the price can increase and back to $50k, maybe we will have a big chance to see the price will continue to grow.

Below $50k is an opportunity to buy cheap bitcoin before riding the train back to $55-60k as a first step then to +$60k and why not another ATH.
The actual price isn't profitable for anyone so I don't think it will hold much there. December is used to be the month of ATH, by mid December we will see a surge in the price imo

It used to be a month of bull run but i think its quite different this year. But i do hope that things will be better and bitcoin will surpass its previous ATH before 2021 ends. Although this may be quite hard to achieve since bitcoin is really down these days but if there will be strong support and positive updates that will help bitcoin to start recovering, then it will be possible that we will still witness a bull run after this long correction. And once bitcoin recovers, all its followers like those solid alts will certainly end up rising their value too.

I had already made myself dumb when it comes to possible price or trend on upcoming years because it do just be on random basis because the community would be the one will really be the dictator when it comes to price movement or condition in the market which it couldnt really be avoided for
you to have those kind of common reactions for a human being to do so.Its normal that we would really be impulsive when it comes to decision
basing on what we do saw.

[michellee]

Bitcoin at the moment is already below $50k with its current price at $48,517 so it has broke already the $50k support level, and then what's next? $40k? The year is about to end, but it seems bitcoin price will continue to drop more. Yes, this might be a good opportunity to start buying bitcoin, but might be devastating for those who are hodling bitcoin for long term and wish to see huge profits this december. Hopefully, good news will come into the market that will create positive impact into bitcoin price, and i think all good things will certainly follow. The market may looks bearish but definitely, not a perfect time to start panic selling.

If they can change their target for the long term, they will not devastate as bitcoin can increase so high in the future. And now, bitcoin increases to $50k and almost back to $51k so hopefully, the situation can be back and the price will get a nice movement this week. The bearish will change soon, we do not have to panic and it is better to calm down so we can see clearly the time to buy more bitcoin if we miss buying bitcoin at below $49k. Congratulations to people who bought bitcoin at below $49k.

Below $50k is an opportunity to buy cheap bitcoin before riding the train back to $55-60k as a first step then to +$60k and why not another ATH.
The actual price isn't profitable for anyone so I don't think it will hold much there. December is used to be the month of ATH, by mid December we will see a surge in the price imo

Indeed. I agree that below $50k is the best opportunity to buy bitcoin. People now see that what they did a few days ago gives a good result as the price increases this day and back to $50k. They can sell it right now and make a profit while waiting for another downtrend if bitcoin still wants to have another correction. We will see if this month's bitcoin can get another ATH like before. However, it is not easy to increase higher but I still believe that it will increase at the right time.

[mia_houston]

Heres a critical point, a downtrend that we need to outlast and beat to continue this slight recovery from the sell.   I'm looking for price to handle itself positively past the 49k area or continue negatively as per prior price action.


The critical confirmation to negative resolution of this current sideways movement would be to trade below 46900 on 4hr bars, I think that could be an important point to observe.

I see that today bitcoin is starting to correct, although not too much but it looks like the bitcoin price is starting to slowly rise again, in the last 24 hours the Bitcoin price has started to rise to almost 7.87% from the previous price below $49K, although the upward trend is not enough strong but at least it shows that bitcoin is recovering very quickly at the moment.

[btc_angela]

Heres a critical point, a downtrend that we need to outlast and beat to continue this slight recovery from the sell.   I'm looking for price to handle itself positively past the 49k area or continue negatively as per prior price action.


The critical confirmation to negative resolution of this current sideways movement would be to trade below 46900 on 4hr bars, I think that could be an important point to observe.

I see that today bitcoin is starting to correct, although not too much but it looks like the bitcoin price is starting to slowly rise again, in the last 24 hours the Bitcoin price has started to rise to almost 7.87% from the previous price below $49K, although the upward trend is not enough strong but at least it shows that bitcoin is recovering very quickly at the moment.

We need to go over $52,500 in my opinion to be able to say that we are out of the bearish cycle for now.

But the price just seems to be hovering around $50k-$51k for the meantime, but it's better if we take it slowly and not go spike again. Maybe there are more buyers obviously that are not afraid to gamble right now because the price is cheap at ~$49k.

And maybe the news about the Omicron variant has settled down a bit that's why we have a good rally in the last 24 hours. So let's see and be positive that it will continue this week and try to attempt $52k.

[macson]

Heres a critical point, a downtrend that we need to outlast and beat to continue this slight recovery from the sell.   I'm looking for price to handle itself positively past the 49k area or continue negatively as per prior price action.


The critical confirmation to negative resolution of this current sideways movement would be to trade below 46900 on 4hr bars, I think that could be an important point to observe.

I see that today bitcoin is starting to correct, although not too much but it looks like the bitcoin price is starting to slowly rise again, in the last 24 hours the Bitcoin price has started to rise to almost 7.87% from the previous price below $49K, although the upward trend is not enough strong but at least it shows that bitcoin is recovering very quickly at the moment.

Bitcoin price will definitely recover because the current support for bitcoin is big enough.  There must be many out there who panic sell, they really don't learn from the history of bitcoin prices, the price of bitcoin will not fall below $40k again, in the near future for sure bitcoin will return to $60k+