Bitcoin is getting more bearish, what is the trigger?

[dimonstration]

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

[btc_angela]

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

I don't think there will be better news about the variant, I mean it's already been discovered and so far vaccines are still effective against Omicron. What's scary is the mode of transmission because it's very quick, however, most of the infections even in the US is still the Delta variant.

But as I have quickly glance at the price, it seems to get over the $50k barrier now, so that's a good indication that we are in the bullish phase at least for now and hopefully this is not a bear trap.

[Cryptock]

The bear market channel is visible but only on the short term. When we look at the chart from the last year, or even a year and a half, we can see that the price of Bitcoin is still in an upward trend. Of course, this could be the beginning of a new bear market, but in my opinion the mood on the market is still too optimistic for the sales period to begin.

[Vaskiy]

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

Plus the new variant virus can be said also to affect the market. The timing of decline as well ne covid variant announcement makes the price to be more bearish. Once there is a better news regarding the variant or a hype to an influence it will sure to bounce back again. Buying at dip can be option but the only trouble is upto when can the price decline so better monitor the market, track upto how much it can possible fall till it start to recover again.

I don't think there will be better news about the variant, I mean it's already been discovered and so far vaccines are still effective against Omicron. What's scary is the mode of transmission because it's very quick, however, most of the infections even in the US is still the Delta variant.

But as I have quickly glance at the price, it seems to get over the $50k barrier now, so that's a good indication that we are in the bullish phase at least for now and hopefully this is not a bear trap.

This hasn't served as a bearish trap, but soon this can happen and we need to keep ourselves planned. Major thing is the panic, as we're in the month of December there is more chance of cash outflow from cryptomarket. This will make some impact along with the bear trend. Altogether if there happens market fluctuation beyond the present value, then panic waves can be seen among the common holders. This will make an impact over the market, and could drop down to $40k. If people ignore it, then the bullish trend transition could happen.

[bikers online]

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

today the price of Bitcoin returned to the price of 50k and I think the correction time is over and it has started to slowly return to around the price of 50k more or less before the price will return to high.
I don't think Bitcoin price will go back down to 40k maybe it will only stay at 50k.

[rahmatrf331]

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

[TravelMug]

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

[Silberman]

Too much leverage in the system that was set into cascading liquidations due to the hack and dumping of $150,000,000 from Bitmart. Historically these events have led to a full recovery and stronger market going forward. The timing is unfortunate since this is when Bitcoin is supposed to be rocketing upward, but there was too much leverage in the system so maybe this will turn out to be a blessing. It does kick the can down the road a little bit on the expected fomo top.

At the end it is better this way, after all sooner or later those people will face liquidation as they are taking too many risks to begin with, it is better this happens when bitcoin is not moving much as the recovery can happen relatively quickly, but if something happens when bitcoin is on the middle of an upward movement then something like this could completely change the market sentiment and make the price crash, as people panic because of such a fast decrease in the price when everything seemed to be going well.

[Vaculin]

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

Well, good to see that bitcoin is now gaining momentum to rise up again and recover its price from below $50k. This may be a positive sign that bitcoin is now set to reach another all time high since its the trend every december for bitcoin to end up with a new ATH. Regarding with what triggers bitcoin to dump, i think the latest covid strain has affected it but we know for sure that its effect will be temporary. Other than that, there may be some negative news but does not affect the market that much. Right now, bitcoin is priced at $50,749 so we need to be optimistic this time since its also a way of attracting good vibes in the market aside from the positive news that will soon to come in the market.

[Shasha80]

the bear market is still not over at this point it will probably go down again to $45k before the holding price occurs. Regarding the trigger for a bear market based on many sources including the occurrence of a crypto market hack that caused the disposal of countless assets, this incident can trigger an extraordinary panic.

Are you saying that this is a bear trap? or you haven't check the price recently at it surge back to $51k?

Or if you say that it will go again to $45k kindly explain while it will happen and what factors will affect the market to be on the sell-off again? At least post a link about the hack that you are saying.

Anyhow, we are seeing a good recovery today, more than 7% increase in the last 24 hours, pushing the price above $50k again and it's a good sign that this December will be bullish.

Well, good to see that bitcoin is now gaining momentum to rise up again and recover its price from below $50k. This may be a positive sign that bitcoin is now set to reach another all time high since its the trend every december for bitcoin to end up with a new ATH. Regarding with what triggers bitcoin to dump, i think the latest covid strain has affected it but we know for sure that its effect will be temporary. Other than that, there may be some negative news but does not affect the market that much. Right now, bitcoin is priced at $50,749 so we need to be optimistic this time since its also a way of attracting good vibes in the market aside from the positive news that will soon to come in the market.

I've known Bitcoin for a long time, so I understand how Bitcoin works. As I suspected that Bitcoin's price decline won't last long, it's proven now
Bitcoin is starting to recover by rising again above the price of $50k. Hopefully positive news will continue to emerge, so Bitcoin prices can continue
to rise, at least Bitcoin can return to ATH prices before the year ends. I don't care about the reason why Bitcoin is bearish, the most important thing
for me is the market has started to recover and Bitcoin can be bullish again. I'm quite happy to have bought Bitcoin when the price dropped below
$50k, now Bitcoin has gone up to $50k again, it means I have profit now. But I will still hold the Bitcoin that I have, because I believe the price of
Bitcoin will rise even higher in the near future.

[Boov]

We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.

I previously seen that price rages below $50k last few days but it eventually recovers until now. Though there's another chance that we might see another potential collapse of btc price, still taking an entry point while strong resistance is there danger zone could be present. Most importantly we must think of long term holds instead of quick trading for a meanwhile.

[bct-user]

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

[Dave1]

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Still 50/50 for me, neither end of bullish phase or start of bear season.

What we have is that the investors are undecided, but if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yeah for sure $100k can still be achieve next year, but it will be a slow and hard grind to increase to even $80k because of the Omicron news and the Feds tapering. But we should remain optimistic that 6 digits in 2022 is doable by all means.

[bct-user]

Still 50/50 for me, neither end of bullish phase or start of bear season.

If you think it is 50:50, I am still optimistic 60:40, bullish should have a higher chance. Bitcoin probably has another pump before the bullish is over, at least the high price around $70k. That's what I see from my own analysis.

if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yes. It is one of the reasons why I am still optimistic about the upcoming pump. The historical logs clearly shared us the information about the possibility of a bullish trend in December. We still have some weeks to see this happening, if not we can prepare for the worse scenario (bearish start).

[Lanatsa]

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Still 50/50 for me, neither end of bullish phase or start of bear season.

What we have is that the investors are undecided, but if you are going to look at past historical logs, December seems to be very bullish so hopefully this will still be true this year.

Yeah for sure $100k can still be achieve next year, but it will be a slow and hard grind to increase to even $80k because of the Omicron news and the Feds tapering. But we should remain optimistic that 6 digits in 2022 is doable by all means.

Due to several factors then this wont be a smooth sailing ride on where some people do really believe so but it wont really be for sure.Its sure 50/50 when in

talks of possible price movement.It might be showing off in between bullish end or start of bearish trend but still cant be sure and its true that

this shows currently some uncertainty yet we are moving sideways without having those sure on point.

[adaseb]

It’s hard to say what will happen in Q1. If you look back at 2018, most assumed that Bitcoin and other cryptos would keep rallying but it was the exact opposite. Kept dropping until the tax deadline date and then started to trade sideways for the rest of the year.

Now look at Q1 2021, most assumed that it would drop due to tax selling like 2018 but it was the complete opposite. It had a very healthy first quarter. So it’s hard to say how 2022 will look.

Right now the ways it’s trading it’s hard to see a new ATH this year however you never know with crypto.

[lienfaye]

Are you guys serious that it is the end of bullish?
I saw some comments above stating that the bullish is over. But in my opinion, the bullish still continues because we don't have altcoins season yet. Moreover, some people previously predict that Bitcoin price can achieve $100k. The latest ATH was about $68k, which means still far from $100k.

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

[leea-1334]

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years  

So this 3 weeks now is nothing for me!

[Pamadar]

Even some "experts" predicted bitcoin might reach a $100k value its not a guarantee that it can really happen. Though I also believe it will in the future but I think it cant make it before this year end.

On the other side, the current value is still good to say the bullish season is over. If the price plunged below $40k then I think thats the time bearish season is starting.

Anyway there are still 3 weeks left for this quarter and still many things can happen during that period so im still optimistic.

What we think is spread all over the place. Experts know not more than us (and for sure not less). As long as we all realize we are just speculating there is nothing to stop us from achieving our intentions. So for me,,, the intention is to hodl until 100k. No matter when this happens. 2022 or 2032,,, or until I retire in still 30 years  

So this 3 weeks now is nothing for me!

Nothing to say! It's you that will decide with your money. If you continue to see the downfall more likely, it's a good sign to buy more,

We don't know what fate the market will bring us before this year may end. The only hope is to see more adoption and progress,
that are the good sign for this industry in possibly bring increase to the current value.

New time high still unknown, better to keep your goal intact and forget about this market if you see some losing momentum.

[gleisson05]

Obviously, the main trigger was china banning crypto (again ), nevertheless as stupid as it may sound people fell for this sh*t (again ) and start to panic sell their savings.

Then it turned into a snowball when every next thing is seen as another trigger and it only gets worse.



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