Bitcoin is getting more bearish, what is the trigger?

[mia_houston]

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

[Finestream]

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

Now i can see that bitcoin has started to make a rebound and seen above $37k. But there is no guarantee yet that it will not fall again especially that the market tends to be more volatile when there is bearish season. Just like prices could rebound, but there is no guarantees still.

However, now that we see that bitcoin is recovering, its even more ideal to buy and hold, but don't forget its also important that you are open for bitcoin price to fall as crypto remains to be a speculative investment.

[Pamadar]

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

Even though the market had strengthened yesterday, today the market has weakened a bit again, it looks like bitcoin has a strong wall that prevents bitcoin from reaching $40K price resistance and maybe this is caused by factors investors who tend to cash out during Chinese New Year celebrations, besides that the fear of inflation that continues to be spread by the media allows investors to be reluctant to enter the market today, but I see bitcoin is now starting to maintain its support point at $36K and maybe we will not see bitcoin dropping below $36K in the near term.
I think the market as it is now allows us to buy and hold for the long term, because some analysts predict that bitcoin bulls will likely come back in March.

There are many reason's and factors that affect the market, we have to be more careful when deciding on our investment,

The short rise gives hope and traders who are eyeing for small but short trades are okay with these benefits,
if you are a long-term holder, this is a good position to take almost a half from the last time ATH.

Might take some time, but if the market start to show strong bull, the profits are surely decent after, just need
to have a proper plans to avoid losing a lot.

[dbc23]

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.

it hasn't broken the support zone yet to continue the bearish move so for now revolves around $36k we are not sure of a more bearish move for now until we see a major breakout and a confirmation candle formed before the breakout. February is always a range market where price neither goes up nor down and until a breakout is seen its inconclusive to make a trading decision now

[Epaper]

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.

We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.

The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter.

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

[Ziskinberg]

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

how soon? I think 1 year is not enough based on the trend, so it's safe to assume that we will not see a new ATH this year and the market will be bearish. When bitcoin pumped to over $40k, some investors think that the correction is over and we are heading to a bull market, but it's not easy as that, until now the price is still struggling and until we get back to $60k, I don't think we will have a bull run this year.

The current price movement, I can sense that we are going back below $40k again.

[Cryptock]

Correct. I see the current price correction trend in bitcoin still has the potential to continue and move to the $40,000-$39,000 level. Even so, I believe the current correction will end soon because when negative sentiments like this have often occurred in the crypto market, over time the market will become increasingly immune to negative sentiments.

how soon? I think 1 year is not enough based on the trend, so it's safe to assume that we will not see a new ATH this year and the market will be bearish. When bitcoin pumped to over $40k, some investors think that the correction is over and we are heading to a bull market, but it's not easy as that, until now the price is still struggling and until we get back to $60k, I don't think we will have a bull run this year.

The current price movement, I can sense that we are going back below $40k again.

That Bitcoin's price will drop below $40k is almost certain. It is also very likely that we will see the $35k level soon. However, I think a long lasting bear market is very unlikely. Many people suggest that the 2018 decline will repeat itself and the price of Bitcoin will drop by 80% - 90%, but in my opinion it will not happen. In recent years, the number of cryptocurrency users has increased enormously, which will cause the price chart to flatten and the violatily will be smaller and less sharp. I believe that the downward trend will change in a few weeks and we will have new ATH this year.

[STT]

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred.   At these levels BTC is under pressure and we are not so far arresting the pullback with any buying.  It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

[Yaunfitda]

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred.   At these levels BTC is under pressure and we are not so far arresting the pullback with any buying.  It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

Down to $40k levels again, so another retest which for me is not good. Although we still have the situation in Europe that is causing this downside,  the bulls wasn't able to hold the $42k so obviously the collapse and retest. And just to be fair though, again, just prove that the market has some correlation as Germany and other stock exchange in Euro has open up their trading with a negatives. So short term the market will be bearish.

[Questat]

If we expect at least 1 year of the bull market, I think we should get ourselves ready with a possible bear market. The current price is close to dropping below $40k, and even if it will dump I think it's not yet the dip yet as this bear market will stay longer.

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.
[/quote]

Yes, just based on the history of bitcoin, the bearish market will usually follow after the new ATH is hit, that's what we called as a correction and we should not consider it as a bad thing as it only strengthens the market. it's only bad for those who do not understand the nature of crypto because they always think of an uptrend and most likely they fail the sell their assets during the bull run due to greediness or panic due to the huge dump they are witnessing.

[MarjorieZimmermanGinger]

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.

We have seen a bearish pattern at the end of 2021 until now, where bitcoin is still stagnant at a price of $40k-$45k, we can actually use this to buy bitcoin, but don't think about releasing it in the near future, conditions like this will again affect bitcoin in the month next, just need to wait for a complete recovery, then we use it to sell, I think the right time to collect bitcoin is now

[buwaytress]

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred.   At these levels BTC is under pressure and we are not so far arresting the pullback with any buying.  It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

We kind of had a break already when US jobs took everyone by surprise. And when the Fed didn't raise rates (everyone and his mom has been expecting hikes for a while, just a lot of unexpected good news delaying them pulling the trigger) we got another reprieve.

But that's coming. And the pain of discovery at post-pandemic shittiness is coming.

So I still think a few more surprises are around the corner. Better be. Bitcoin needs to have some leeway for when the pain comes.

[dezoel]

Really strong Dollar index now, its coming back to the level of 2020 first flu wave peak which means the market is ignoring all the weakness from money printing that occurred.   At these levels BTC is under pressure and we are not so far arresting the pullback with any buying.  It appears reasonable to target downside of 38k area and hope we can stabilize enough to start another wave higher.

We kind of had a break already when US jobs took everyone by surprise. And when the Fed didn't raise rates (everyone and his mom has been expecting hikes for a while, just a lot of unexpected good news delaying them pulling the trigger) we got another reprieve.

But that's coming. And the pain of discovery at post-pandemic shittiness is coming.

So I still think a few more surprises are around the corner. Better be. Bitcoin needs to have some leeway for when the pain comes.

I would assume that the "recovery" right now doesn't seem like a long term deal. I mean the numbers are looking like everything is alright, but we all know it is not and regular citizens are seeing why it is not. Which means that the general economy could be looking better because Jeff Bezos' and Elon Musks of this world could be making a lot more money, but regular people do not.

Plus that 300+ billion richest man of the world period is over, market crashed very hard as well from those days. All in all I would assume that we are going to live a very painful future and we wouldn't have to wait for it too long. It is going to take a while but not too long.

[Finestream]

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

You should have bought a lot of bitcoin early last year while prices are still cheap and not when the market is already close to its peak. That is one of the reasons why investors mostly fail because they start buying whenever they see the prices turn to its new ATH, not literally thinking that its price will never keep on moving up. However, the market is currently bearish so now is a good time to buy more valuable coins so we can prepare much for the incoming bull season that may take place any time of the year. But because of this present war, we are not sure when will the market will recover, but it will certainly does.

[TravelMug]

We've reach ATH twice already, that is really a huge bull run after the halving in 2020.
And we all know that after a ATH, the market is going to correct itself and possibly start the bearish market. And this is happening right now. It has corrected itself that right now the price drops against to $40k and possible that it will continue to dump this week.

If the market corrects itself then the market will easily recover the price at least 50% of the initial rate when the market price was high but in fact the market is very difficult to reach the previous price, statements from expert analysis say the market is in a bearish position regardless of any news that is now published in the media.

So I guess the market is really in a cycle isn't it? And whatever is happening around the world, the market will go bearish if we are in a bearish year and same with the bullish market.

Remember Covid-19 in 2020? we are in the bullish cycle that year and even though the price really crash, there is no stopping the bullish scenario that time.

Same time right now, we are in a bear cycle, so even if there is no war, I think the market will really drop to at least 50%.

[livingfree]

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

[Kemarit]

Most people will buy when the market is green and this I often do too, and the second mistake is to sell when the market is red because of panic and thinking that bitcoin has no hope of going up, I think the biggest factor that influences is psychology and we are not ready for bad things like the price could go down.

The opposite should be done, buy when the market is in red and then sell when it's goes green.

Maybe this is just a rookie mistake, or if investors are learning how the market works and most of the time it involves emotions

I mean when the market is red, everyone panics and think that the price will continue to go down hard so they sell. The best thing to do is not to be alarm and what till the market settles down. On the contrary, inside of selling everyone should buy at this scenario.

[redsun114]

The market is always unpredictable, when the bitcoin price almost reached $70k in november 2021 then i bought a lot of bitcoin because i was sure december would skyrocket to $100k, unfortunately the market was red and dropped almost 50%, the main trigger of course was too much FUD so make many investors immediately sell.

That's just wrong.

It's always the mistake of people who think that it will go up when it's not. Well, you're right that it's unpredictable and even me, I would buy it if I feel that it will be going up.

But because of my past mistakes, I've learned not to buy during the top. I'll wait until it becomes relax and that will be the time that I'll start to buy.

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

[wozzek23]

What about the FUD? FUDs are a legit thing that occurs whenever there's an event like that, example when there's a price increase or price decline, there are always people that will ruin the situation and make it worst for others as they are insecure or they just want to take the opportunity to buy when others dump because they are affected. Buying on top cant also be wrong because it also works to some that are good enough at analyzing the market and some people are just lucky that prices rise more.

It's still safer though if we can just buy on the dip and relax a little bit because, in the long run, we are for sure gonna profit. Lets just the trust the process

I love people who do FUD, they cause the price to drop, and I buy at those lower levels and then I end up getting richer when the price is higher again. I love them, all the profits I have are all thanks to them.

If you are a smart investor, you know what you should do, and there are millions of people who are terrible at investing. I contribute that to the fact that people do not get finance education at a young age. It is a vitally important thing to put "citizenship" and "finance" into elementary schools.

I know math subject is hard, so finance could be even harder, but I am talking about how the finance world works, and they could learn more about money, jobs, salary, taxes and all of that at a young age. Citizenship is just making sure that everyone knows politicians are workers, they are hired by us, they are not our lords, they are our employees, not many people are aware of that but that is beside the point right now.

[STT]

Bearish implies a wider judgement or spirit to the move.   All we have done recently is react to various news, overall BTC isnt especially negative or with a bias that is greater then some quite exceptional negative world events.  If we dont have a negative bias, dont call it bearish; BTC is fine mostly be calm