Bitcoin is getting more bearish, what is the trigger?

[bitzizzix]

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

[geegaw]

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

The current tug of war is leaning too much towards the bears, so the ability to turn the tide only comes when one side is exhausted and the next few weeks are very difficult to compromise because, as you say, so many trust milestones are standing at the gate of growth, from experts to ordinary users, the ability to expand this gate will be very limited while the drop gate is very narrow, the whales love news that manipulate such public opinion to further widen this gate. Public opinion and predictions are the trigger for many things, but the picture will still be as complete as expected over time

[Oceat]

Investing is not about the present price or current price it is all about how long we can hold our investment, as binance CEO once said that if you cannot hold you can't be rich, so if you are going to buy Bitcoin or any other crypto coin you need to leave it on you're wallet not only for one week or one month you need to hold it for a long term.

They should stick to Bitcoin if they want a successful long term investment instead of choosing some altcoins. Investment is not just about holding if you want some profit you need to know when to sell it because we never know if one day our investment would be gone. Although, it's almost impossible to happen in Bitcoin as long as there are people who still believe in it.

And now, about the price decline, it may look like a bear is coming but I believe that's actually a bear trap and besides, the price starting to get to normal but it seems that we need more month since it's most likely not going to pump this year due to the deeper price.

[Raflesia]

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.

The decline in bitcoin is now often associated with China's FUD because it has banned bitcoin in its country again. If you think about it before, China often throws tantrums like this from year to year. Are investors enough to influence this news?
I don't know why it's so significant, but there are still those who say that the cryptocurrency market is often controlled by whales, it doesn't sound very sure, but at this point, corrections happen often, we should consider it normal.
There's no need to trigger that problem for sure we will return to the highest price.

[el kaka22]

I think what the experts and most people are saying is that the bitcoin price will hit 100k by the end of the year or December, there is a good chance that it is true, there is just a barrier or trigger that makes it delayed like some bad news that happened recently that might affect bitcoin movement.
and believe it or not i think it's still a correction don't know when it will end and also not a big deal to worry about because sooner or later 100k will come true and there's still about three weeks to end the year or december and hopefully bitcoin can turn things around as ever happened before.

It is all about the hype, as soon as there is a hype around bitcoin again, we are going to see something happening and at that point 100k will not be something that is dangerous. I believe that there is a chance we could hit 100k, but it will not be so easy, we need to have a bull run quickly starting very soon otherwise it is not going to be enough time to reach to 100k before the year ends.

However, it could be like last year, we were at around 20k last year and had trouble going above 20k for a very long time, by the time the new year started we reached to 30k and having trouble going above 30k, as we all know in the year we reached to 60k+ prices after that. So it could be similar, we could reach to 70k and have hard time going above that, then we could have the new year trying to break above 100k, that way in 2022 we could reach to a 2022 level for sure.

[pooya87]

However, it could be like last year, we were at around 20k last year and had trouble going above 20k for a very long time, by the time the new year started we reached to 30k and having trouble going above 30k, as we all know in the year we reached to 60k+ prices after that. So it could be similar, we could reach to 70k and have hard time going above that, then we could have the new year trying to break above 100k, that way in 2022 we could reach to a 2022 level for sure.

To be fair we can't really compare any of these cases with the current situation. From $20k which was the most different resistance since it was the previous ATH and historically they are extremely hard to break due to the sell offs close to these prices.
The rest of the troubles were mostly because of the nonsense news such as the 2 big FUDs we had in the past years one about the energy consumption which is now completely forgotten! And another one about this country and that country banning bitcoin which is again completely forgotten now.

[leea-1334]

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.

I always buy the same, more or less, high price or low price,,, I cannot help it, I am totally addicted to DCA strategy so of course I am happy when prices go down (as I know I am not selling any time in the near future) and as mentioned 100k is my target.

No need to hope for more adoption and progress. This happens already if you just look at network stats. And also please do not forget to keep USING,,, Bitcoin does not magically grow. We all need to use it.

[StreakW]

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 think, judging by the bearish pattern on your chart, this is a strong indication of a deeper decline. However, this pattern has so far not been confirmed. To confirm this pattern, it is necessary to wait for the price to drop to the level of $47k. Buy positions are not recommended, especially for those who want to invest in the short term. If you want to buy, it's better to wait when the price reaches the $55k level so it's safer to buy.

[arufox]

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

[Kasabus]

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.

I always buy the same, more or less, high price or low price,,, I cannot help it, I am totally addicted to DCA strategy so of course I am happy when prices go down (as I know I am not selling any time in the near future) and as mentioned 100k is my target.

No need to hope for more adoption and progress. This happens already if you just look at network stats. And also please do not forget to keep USING,,, Bitcoin does not magically grow. We all need to use it.

With bitcoin's price continue to dump, there's nothing we can do about it but to take an advantage of buying it with a low price. Actually, the lower the price, the better. Because we really don't know what triggers deeply the market today, i think if its only the new covid variant then  the result would only be temporary. But having a serious correction like this, although its part of the market cycle, still makes people more panic and the weak ones  are usually the most affected. So it takes more patience and understanding the current market condition before we can see a real bull season that will still be happening soon once the market has recover.

[Pamadar]

With bitcoin's price continue to dump, there's nothing we can do about it but to take an advantage of buying it with a low price. Actually, the lower the price, the better. Because we really don't know what triggers deeply the market today, i think if its only the new covid variant then  the result would only be temporary. But having a serious correction like this, although its part of the market cycle, still makes people more panic and the weak ones  are usually the most affected. So it takes more patience and understanding the current market condition before we can see a real bull season that will still be happening soon once the market has recover.

If you have that trust in you, and you do believe that you can handle the pressure,

Buying at this point is still good position. There are more downfalls or possible decline, but once the market starts to bounce back,
you will be on the positive profits.

More on your own assessment, as I mentioned, your money your take.

If you think that it's a buying stage now, go on and buy. Just don't forget to bring enough patience to wait.

[bots1]

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

Buy bitcoin guys this is our chance to take more Bitcoin.

Buy and Hold.

Let's take this opportunity guys , Please ..

In the current bearish bitcoin price condition, we should be able to wait until a reversal point appears. Well, that's when you start buying again. However, even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there.

[Yamifoud]

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

Buy bitcoin guys this is our chance to take more Bitcoin.

Buy and Hold.

Let's take this opportunity guys , Please ..

In the current bearish bitcoin price condition, we should be able to wait until a reversal point appears. Well, that's when you start buying again. However, even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there.

That you need to act wisely and never rush on it unless you are willing to wait until the reversal point comes.
It was very common that people are buying during the dip, I'm also doing the same but of course, we can't just set aside doing TA if buying today is a good time or have to wait for the signs of recovery. Well, it was a choice that everyone does. Everyone has their own market understanding and I think, we make decisions based on that. That is why, if we got wrong then have nothing to regret, just move on...nobody is perfect.

[TravelMug]

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

Yes, smart investors knows how to take advantage of the market situations to gave them a winning profit in the end. Maybe it's not what we expect as this time, maybe they are just waiting for the right now to fill their bags again, maybe they are waiting for the price range of $30k to buy bitcoin again.

Nevertheless, I still believed that we can still be in the bullish phase if that scenario happen because many are going to buy and push the price again next year.

[enhu]

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

Yes, smart investors knows how to take advantage of the market situations to gave them a winning profit in the end. Maybe it's not what we expect as this time, maybe they are just waiting for the right now to fill their bags again, maybe they are waiting for the price range of $30k to buy bitcoin again.

Nevertheless, I still believed that we can still be in the bullish phase if that scenario happen because many are going to buy and push the price again next year.

A lot of the new investors will really be devastated if the price will sink to 30K.
Seem panic only that drives this bearish move. The Senate hearing about the infrastructure bill looks good already, so it could just be many of the whales trying to make holder panics especially that there are lots of newbies coming into this market hoping to hedge from the current inflation. Too bad for these new investors, China's crisis is also making the world economy worse.

[traderethereum]

I don't care if this triggered by anything , Bitcoin will return to what the momentum recently .

Buy bitcoin guys this is our chance to take more Bitcoin.

Buy and Hold.

Let's take this opportunity guys , Please ..

In the current bearish bitcoin price condition, we should be able to wait until a reversal point appears. Well, that's when you start buying again. However, even though the bitcoin price is currently falling, it doesn't mean it's a wise move if we put all our money to invest there.

You should have a plan for buying bitcoin and not buy in a rush because we need to calm down to see the chance of buying bitcoin at a low price.
We can buy bitcoin step by step based on the current situation as the price can get down for more.
If we can make many orders buy at a much lower price, we will get many satoshis and that means, when the price increase, we can start selling and make a profit.
But if your plan is just to accumulate bitcoin and sell at the highest price, you do not have to sell if the price does not reach your price

[el kaka22]

To be fair we can't really compare any of these cases with the current situation. From $20k which was the most different resistance since it was the previous ATH and historically they are extremely hard to break due to the sell offs close to these prices.
The rest of the troubles were mostly because of the nonsense news such as the 2 big FUDs we had in the past years one about the energy consumption which is now completely forgotten! And another one about this country and that country banning bitcoin which is again completely forgotten now.

I am not saying that it will be 1 to 1 ratio exactly the same thing, that's impossible. However, I am saying that it is also not an impossible task and we did "similar" things before and it could happen again. Sure these resistance and support points are "something" but they are not everything. Hopefully we will reach to a place where we will do better and reach to a higher price and those resistances and ATH and psychological barriers will not hold forever.

Of course, it will be a difficult challenge, but it will not be something that we will have to force breaking forever, maybe once, maybe twice but eventually we will break through it. Same happened before, same will happen again. I also do not see the 2018 bear run happening right now, I am just guessing that it would be similar in case the price drops a lot but it has been sustained so far, which makes things easier.

[Silberman]

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!

Many of those that call themselves experts do not really know more about the markets than the people that are actually watching the markets and that have done so for a long time, after all I have seen many instances of those experts making predictions about the market but at the end they claim they own no bitcoin, then how we can believe their predictions when they have no skin in the game? Someone that has some skin in the game has something to win and to lose and as such will be way more involved in the process, so the opinions of experts like that are worth nothing to me.

[doomloop]

You should have a plan for buying bitcoin and not buy in a rush because we need to calm down to see the chance of buying bitcoin at a low price.
We can buy bitcoin step by step based on the current situation as the price can get down for more.
If we can make many orders buy at a much lower price, we will get many satoshis and that means, when the price increase, we can start selling and make a profit.
But if your plan is just to accumulate bitcoin and sell at the highest price, you do not have to sell if the price does not reach your price

That is called DCA, dollar cost averaging. This is a method where you end up buying bitcoin not with all of your money, then if it drops then you buy more to drop your average, then if it goes down some more then you buy some more and so forth. Better to do it based on how much money you are making monthly or weekly or whatever periods you are getting paid.

If you do that, then you could keep on buying bitcoin at whatever price and if it is low then you are getting profits, if you are not doing it at the right time then you are going to keep on losing money. Going all-in at any price would mean that you are missing out on buying lower, otherwise with DCA you are getting it at every price so you always have a chance to make a profit that way and make a quick one as well.

[Lmaooo]

This is a big opportunity for those that have the money to buy right now, now that a lot of alt coins and bitcoin is going down, I think that it's a good time to start buying right now especially with a possibility of pump in the next year or even this month, you don't want to miss out. As for me, I have everything in place, just need to get more money to buy more bitcoins.

True, most traders have made wise investment decisions during bear markets like today. Investors and traders who are willing to take the risk of speculating on Bitcoin and altcoins make huge profits if they buy and sell at the right time. Traders can earn huge profits by observing market movements and taking advantage of price changes.

Yes, smart investors knows how to take advantage of the market situations to gave them a winning profit in the end. Maybe it's not what we expect as this time, maybe they are just waiting for the right now to fill their bags again, maybe they are waiting for the price range of $30k to buy bitcoin again.

Nevertheless, I still believed that we can still be in the bullish phase if that scenario happen because many are going to buy and push the price again next year.

A lot of the new investors will really be devastated if the price will sink to 30K.
Seem panic only that drives this bearish move. The Senate hearing about the infrastructure bill looks good already, so it could just be many of the whales trying to make holder panics especially that there are lots of newbies coming into this market hoping to hedge from the current inflation. Too bad for these new investors, China's crisis is also making the world economy worse.

Bitcoin is getting more bearish because it is December as many investors are waiting for December to cash out. If you look at the bitcoin price history for every bullish year you might notice December is the month with the highest bitcoin sell up. During the bitcoin bullish market, many people are investing in bitcoin and wait for December to cash out, this is not something new it is just history repeating itself.