Bitcoin Finally Climbs Back Above $50k, but can it Remain there?

[wikikoin]

Bitcoin price has just managed to breach the $50,000 resistance level after crashing below it on December 4th and hitting its lowest point since late September. The recovery above $50k could have greater implications, of course, as it might signal the start of a new rally. However, whether or not that will truly happen has yet to be seen.

Bitcoin in 2021​
Bitcoin has had a very eventful year, even according to the crypto standards. Everyone who is familiar with the crypto industry knows that these coins never sit still for too long, but Bitcoin’s track record is something that no other crypto can hope to match.

As many likely remember, Bitcoin was growing consistently ever since March 2020, when its price crashed due to the global economic meltdown caused by the COVID-19 pandemic. However, many now believe that crypto prices went down due to the correlation with the stock market, and not necessarily because people lost faith in digital coins.

Quite the opposite, in fact. After the sharp crash, the prices started growing rapidly, eventually reaching their former height. After that, Bitcoin started skyrocketing, becoming a leader of another historical rally.

Before the year ended, the coin even managed to hit its former all-time high of $20,000, and then exceed it, ending the year with a price beyond $29k per coin.

By January 8th, 2021m Bitcoin price was at $40,000 per coin, and after a brief recovery that lasted for the next few weeks, the coin started skyrocketing again, stopping just before $58k. Another recovery followed in the final week of February, only for BTC to skyrocket even further in March 2021, and then again in April, hitting the price of $64k.

After this, however, things started going downhill for a while. This was around the same time when Elon Musk announced that Tesla will stop accepting BTC payments due to Bitcoin’s major carbon footprint. Whether or not this was what caused the following price crash is still up to debate among the members of the crypto industry. What is known, however, is that mid-May 2021 caused a price crash that cut Bitcoin’s price in half by the time it was done

The drop finally finished in late July, after BTC dropped to $29k for the first time since the first days of January. Fortunately, the coin found a strong support level here, which allowed it to launch another recovery, and then a brand new rally that took it all the way up to $68,000 per coin. This new milestone was reached on November 10th, after which the coin once again saw a correction that took it down to $45k in early December.

But, Bitcoin started recovering once again in the last 7 days, which brought it back to $50,000, and even to $51k, which is where it sits at the time of writing.

Will Bitcoin’s newest gains last?​
At the time of writing, December 7th, 2021, Bitcoin is once again past $50k, after experiencing a rather rough weekend, where its price suffered a brief but notable sell-off. The fact that the coin managed to bounce back up came as a surprise to some, but it also managed to awake hope in others.

Now that the coin is above this level — even going up to $51k, technical analysts and market experts are waiting to see whether the coin can establish a support at these levels, or if it will lose its momentum and fall back down. Bitcoin did struggle to breach the $50k level, and then it had to work even more in order to reach $51k. However, it now has to put in even more effort to not drop below these levels and allow the bears to take over again.

Earlier this year, predictions about the coin’s price in the last days of the year were extremely bullish, with some predicting that BTC could even hit $90,000 per coin. At this moment, something like that seems improbable, although it is still not impossible. After all, BTC has seen rapid surges that took it up by thousands upon thousands of dollars in mere days, let alone weeks.

But, with that said, the coin is running out of time with each day that it spends struggling. According to the CEO of BitBull Capital, Joe DiPasquale, the fact that Bitcoin managed to reclaim the $50,000 level is great for the prospects of resuming bullish price action. But, the coin also needs to maintain this as a support and move towards several other resistances in order to truly invalidate the bearish momentum that took hold at certain moments of this year. DiPasquale has mentioned levels at $53k, $55k, $58k, and finally $60k as the most crucial resistances that Bitcoin has yet to breach in order to beat the bears.

StockCharts.com’s chief strategist, David Keller, also commented on the matter by saying that remaining above $50k is the key to Bitcoin returning to bullishness. If the coin fails to do so and falls below this level, Keller expects it to drop low to some major supports such as $40k and potentially even $30k — both levels that have proven to be crucial, and that managed to hold the coin’s price earlier this year when it was crashing down due to the bearish element.

What is next for Bitcoin?​
At this time, any predictions regarding Bitcoin’s near future can only be pure speculation. The coin must first show whether or not it has the strength to create a support at $50k. If it does manage to stay above this level, then a new price surge can likely be expected.

Of course, expecting to see BTC hit $90k is likely a bit too optimistic, given the short amount of time that the coin has to achieve this milestone by the end of the year, and a huge $40k gap between its goal and where it currently sits.

Of course, it is still possible for it to happen, as one major optimistic event could trigger a bull run unlike any other so far. It is unlikely that Tesla will start accepting Bitcoin again, as the coin did not solve its energy issues, but one thing that has been in the works for a while now is bringing smart contracts to the Bitcoin network.

This is something that holds great potential to turn Bitcoin into a development platform, instead of having its wrapped version used on existing development platforms. Any breakthrough in this area, or similar areas would likely cause a great price boost.

El Salvador and institutional investors are not stopping their BTC grab, so there is certainly no lack when it comes to the demand. And, finally, the US’ attempt to regulate the crypto industry might also have a serious impact on how the industry is accepted in the United States, and any positive developments in this regard would likely reflect on Bitcoin’s price, at least to some degree.

Source: https://wikikoin.com/bitcoin-sonunda-50-bin-dolarin-uzerine-cikti-orada-kalabilir-mi/

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[hd49728]

Good enough but people are still very fearful if you look a Fear and greed index that is at 28 now.
https://alternative.me/crypto/fear-and-greed-index/

In coming weeks, you can trade Bitcoin in a range from $47k to $52k or $53k. It is safe to trade in this zone, before end of December, around last week of December.

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

[rahmatrf331]

in the last few weeks and in the future it is rather difficult for us to predict the bitcoin market price. in one day the price could go up and down sharply, I think conditions like this will end the first week of 2022 and many investors are preparing for strong support in early 2022. bitcoin price broke through $50k again after being at $46k-$48 rb, the price is a new hope for investors like him.

[palle11]

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

A trader does not fear volatility, bull or bear if you have the right strategy to spot the trend. I only know that having a good stoploss strategy can help. The fud is that of uncertainty of the direction of bitcoin price by the end of this year but that fear should be for hodlers and not traders, therefore price recovering at$50k and above two days ago, dropped yesterday and went back up to $50k above is good for traders who are spoting the resistance and support levels, those are what matters for traders but not exactly same for hodlers.

[sunsilk]

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

It's been a year since the bull run has started and this is right that we don't know when it'll end and what's next for it. Just a while ago, it pulled back again to $49k.

I thought that it will be another series of staying there but no. We are uncertain if bitcoin will be staying to $50k this time and it's only possible if it goes up and surpassing $52k and above.

[el kaka22]

It is not "really" above 50k is it? I mean sure it is doing fine and a bit over but it is not comfortably there. When we talk about "over" we talk about like at least 55k+ probably more when things are a bit more calm. This is like a 10 minute job to go back down under 50k and could happen at any time.

I am not saying that it will, maybe it will go to 60k+ from here, who knows? But, that doesn't change the fact that we are way too close right now to say if it will remain there or not. If the sole purpose of this question is to make sure you are buying around the bottom, then nobody could answer that question for you, it is an unknown, you just have to trust your instincts.

[Finestream]

in the last few weeks and in the future it is rather difficult for us to predict the bitcoin market price. in one day the price could go up and down sharply, I think conditions like this will end the first week of 2022 and many investors are preparing for strong support in early 2022. bitcoin price broke through $50k again after being at $46k-$48 rb, the price is a new hope for investors like him.

Well, we all have different speculations when it comes to bitcoin these days. For me, even if the market seems always uncertain and unpredictable these days, once bitcoin will surpass a strong resistance level like $52k-$55k, then bitcoin is mostly creating a new momentum to move up which signals that a new ATH will be achieved in the near future. If it can't be possible within the last week of this year, then i guess it won't be a late off if we can see new ATH by the beginning of the new year. After all, we won't sell bitcoin if we think we are still losing, so we'll probably sell if it reaches its new peak.

[AliMan]

That's really amazing how valuable Bitcoin was, though it may sounds disappointing from previous weeks it go down so bad but the opportunity it had provided to several upcoming traders seems to be enormous.
Price recovery raging over time, and right now it started to climb upon it's journey towards $60k all over again. Definitely it's a good signs and I am confident that we're nearly seeing $70k and beyond soon.

[carlfebz2]

We cant really expect that the market would only have one movement in price.When theres a price slump then there would be recovery afterwards

even though knowing on when it would happen cant be possible but for sure it would happen because we cant really just stay down low forever.

When people are scared then its normal that those doubts and uncertainties which i cant blame them off but there are people who do
really loves to play with fire.

[cryptomaniac_xxx]

Well it's hard to say, but we are going to look at the recent movement, the price seems to be going up +7%.

So for me, if we continue this run up to at least $52k-$55k, chances are we are still in the bullish sentiments. And we all know that once people FOMO again it's hard to stop.

I thought that we are not going to get over $50k because of the news about Omicron, but it seems the investors are settled down. Not only crypto have a good bounce back already, but the rest of financial markets.

[TravelMug]

It's been staying there for the last 2 days isn't? What is the gauge for us to say that we are going to sustain this run?

So it's not that easy to say right now, and although it seems that somewhat the news about Omicron has simmer down, still not enough for most investors to put their money again on bitcoin or crypto in general. We have to wait at least the end of the week to see if we can maintain above $50k and even goes $52k for the start of a recovery phase from the covid-19 effects again.

And we might as well consider this year a very fruitful and thankful market as we have seen a new all time high of $68k. And be optimistic that maybe we can jump to $60k at least before they year closes.

[Kemarit]

It's really hard to predict at this point, as per TA there is no upside, volume is still very low and now in the last hour the price seems to dip below $50,000. Of course it can bounce back, but it seems this support might not hold for that long.

And unless we really break the bearish trendline and reach at least $52,600 and 53,000 resistance, we are not out yet of this bear sentiments that is still gripping the market because of the covid-19 strain. Everyone is affected not just crypto market.

[adaseb]

This move was largely in correlation with the stock market. It started on the day after Omicron was becoming an issue and it just got worse and worse with all that tapering and raising fed rates talk. You can easily compare the two chart and see that when BTC was rallying and then all of a sudden the stock futures were red, it started to sell off also.

And a few days ago the stock market started to rebound and so has Bitcoin. Most alts already recovered and BTC looks like it will retest that $53K resistance soon. So I can see some upside from here.

[Ararbermas]

Big investors already buying at dip so it's not surprising that it climb a little bit. And my personal opinion probably it will stay above in the current level before this year end as it showing a progress and it's a sign for some investors as well to buy and to add more because that's how it works when market dive after massive growth rate..

[LogitechMouse]

The next days of this week are very crucial for Bitcoin.
The resistance that analysts see is the $52,000 price and if Bitcoin goes above that price this week then we might see a continuation of the bull run but if it goes below $40,000 then chances of a bear market increases significantly.

Overall, seeing Bitcoin at the $50,000 price range is a sign of bulls controlling the market but it seems like Bitcoin is at the edge of the cliff and still there is a chance that it might go below that price. Like I said, the next days of this week are crucial to Bitcoin but Bitcoin going to $90,000 this year seems impossible after the big correction that happened.

[Jating]

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

So maybe we get the answer now, not enough and can't sustain the $50k price for now. And yes, the market is still in the middle ground and not decided where to go and I think this is still a good sign that maybe we can have a break out run and become bullish before the end of the year.

[buwaytress]

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

Not easy to speak at any time, really. Everything's just too finely poised at the moment. Too little volumes in either direction to dictate something of a weekly permanence even.

Not even enough of any inclination to say bull trap or otherwise. This is when either sub45k or post 55k is the marker for the next month's move.

Or we wait for another weekend effort.

I realise how silly even I sound trying to make sense of where we're going

[Lucius]

I realise how silly even I sound trying to make sense of where we're going

It's hard to catch up on anything concrete and say something meaningful when the situation is completely unpredictable, and December at least, for now, is not even close to what most hoped for. Every time a drop of 15-20% occurs, the crypto market reacts in a similar way, fear and doubts have crept in among small investors because the stories about the bear market were cooked a long time ago, and now they are served cold.

What is certain at the moment is that a lot of things are happening in the background, and quite under the radar is a hearing in the US Congress, to the Faketoshi case which many perceive as a direct threat to Bitcoin. Given the end of last year, anyone with any awareness of the situation should be happy with the current price.

[Doell]

Recovery is expected to happen as well because whales will always buy at the cheaper price and they did it, the price goes back on the $50k level but there’s still no assurance that we can stay above this level since we are still on the Month of December where people spend their money for holidays and to avoid paying taxes as well. The good thing here is that, if you do short trading you can have the profit now which you can use to reinvest again.

otherwise people will prioritize health over holidays because the pandemic period is not over ,we are now in a financial zone that has not fully recovered and people will involve bitcoin to secure their money ! the new variant raises alert and bitcoin is the safest asset in hope current times more likely to buy end in december so we can see a bull run at early of new year

[rahmatrf331]

 After watching the market for a long time, finally we have seen a meeting point between supply and demand, which is called the holding price between the two, namely $49k and $50k. bitcoin has stabilized after overcoming many hurdles which resulted in a drop in price of $42k and already looks stable at $49k now. no need to think too long and it is certain that prices above $50k will happen again in the near future.

[sunsilk]

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

It's been a year since the bull run has started and this is right that we don't know when it'll end and what's next for it. Just a while ago, it pulled back again to $49k.

I thought that it will be another series of staying there but no. We are uncertain if bitcoin will be staying to $50k this time and it's only possible if it goes up and surpassing $52k and above.

Bitcoin remains to be unstable and everyone has no idea whether its value will surpass $50k and create a new rally, or just another bull trap again that after we wake up, the price is slowly coming back to $50k below again. Maybe we should be more observant on the market this time as bitcoin remains to be uncertain on what will be its next move. Yes, maybe if it will surpass $52k, then we will see more chances that bitcoin this time is set to reach its new ATH and before the end of this year, we will end up having another bull run hopefully.

It will always be unstable.

Actually, it was back to $51k before this second wave of plunging came. It's really unknown when it shall be stable there. And right now, we're looking at it at $47k.

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

[$crypto$]

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

[stompix]

bitcoin has stabilized after overcoming many hurdles which resulted in a drop in price of $42k and already looks stable at $49k now

5 hours later....
The unwritten rule of the speculation board, no matter what you assume you won't have a 50/50 chance but a 90/10 for it to go wrong. Even if two hours later you come with a new prediction that is the total opposite of the previous one the price will find a way to screw both of them  

Just going through the title of the topics which tried to speculate what will happen in the next week you're going to see how off almost everybody is short term.

Well it's hard to say, but we are going to look at the recent movement, the price seems to be going up +7%.

One day later,  the same story
Short terms predictions when it comes to bitcoin are just useless, the history stops repeating itself when it comes to BTC, sometimes as if somebody wants to make a point of it.

Anyhow, time for an user to make a topic about bitcoin falling below support level so we can see it climbing again in the next 24h

[Vaculin]

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

Are we really going to see a bull run before this year ends? Even myself, i'm already confused with how bitcoin drops its price consistently, and before we knew it, bitcoin price is already below $40k. So to answer the thread, bitcoin this time cannot really remain its $50k resistance level, either it goes down badly or it goes up surprisingly. However, there's no reason to stay being negative as we are also facing another opportunity to buy bitcoin again and with the strong altcoins at their low prices. If bitcoin won't end up having bull run this year, then we have still next year to count on.

[dunfida]

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

Are we really going to see a bull run before this year ends? Even myself, i'm already confused with how bitcoin drops its price consistently, and before we knew it, bitcoin price is already below $40k. So to answer the thread, bitcoin this time cannot really remain its $50k resistance level, either it goes down badly or it goes up surprisingly. However, there's no reason to stay being negative as we are also facing another opportunity to buy bitcoin again and with the strong altcoins at their low prices. If bitcoin won't end up having bull run this year, then we have still next year to count on.

Whenever the last months of every year ends then i dont really hope that much or really giving out some hopes or anticipations for some bull run because we have witnessed that it couldnt really happen year by year but we cant really deny that big movements do really happen on these times which

i cant really blame out people on having this kind of mindset yet we have experienced for ourselves and people do keeps
connecting the past into the current or future things to come.

[sunsilk]

Everyone wishes to see the continuation of the bull run and who doesn't like it? Probably those that didn't stacked up during the dip. Well, they still have a chance as of this moment.

The continuation of the bullrun cannot be predicted but for me it is difficult to see now, the end of the month always says "buy dip" take advantage of this opportunity for me there is still a chance even though the price keeps changing.
When the bulls come be prepared sometimes it makes us like it more and start it, but at $47k it's a buy before it flies.

I think we should be more prepared if the market continues to sink. Just as what we're seeing today, it's very likely that this might continue and would be possibly reaching $45k anytime now. We do say that it's good to buy whenever the market falls like this because it really is.

And those that see the opportunity during this dip, they're the ones that are taking advantage of it and we're one of them. If you still don't think that this is the fall and there can be a lower price soon, do DCA.

[harizen]

I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

With the volatile market, we can always expect that there's always an attempt for a downtrend even amid a strong dominance and we already witnessed that many times. For speculators, a close to $100,000 is always what they wanted but this dip reminds us that we can't expect a continuous bullish trend for long. It's good for those who think who are left behind as the opportunity to buy at the dip is now a long wait.

People should now act if they want to get in or else, they will stuck again at the moment of waiting for the next dip once the bullish trend happened again.

[el kaka22]

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

Not easy to speak at any time, really. Everything's just too finely poised at the moment. Too little volumes in either direction to dictate something of a weekly permanence even.

Not even enough of any inclination to say bull trap or otherwise. This is when either sub45k or post 55k is the marker for the next month's move.

Or we wait for another weekend effort.

I realise how silly even I sound trying to make sense of where we're going

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

I believe that we are going to end up going higher, but we do not have the volume to prove that right now, nothing in any chart could back this suggestion up because even if it did look like that, it would be based on little volume and if some big wave came in and crashed the price then I would be wrong. Same could be said for going down as well, all in all there is nothing we could be considering as a clear direction as of right now and that’s all because people are not doing big volume moves just yet. So, you are right and sound totally correct.

[freedomgo]

Maybe the OP spoke too soon as the price goes down below $50k again after 2 days, right now it's $49,200 and I'm wondering that maybe we just saw a bull trap or the resistance is too far greater that it can't conquer it, hence there is a little sell off again and maybe try to reset everything in the next couple of days.

Not easy to speak at any time, really. Everything's just too finely poised at the moment. Too little volumes in either direction to dictate something of a weekly permanence even.

Not even enough of any inclination to say bull trap or otherwise. This is when either sub45k or post 55k is the marker for the next month's move.

Or we wait for another weekend effort.

I realise how silly even I sound trying to make sense of where we're going

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

I believe that we are going to end up going higher, but we do not have the volume to prove that right now, nothing in any chart could back this suggestion up because even if it did look like that, it would be based on little volume and if some big wave came in and crashed the price then I would be wrong. Same could be said for going down as well, all in all there is nothing we could be considering as a clear direction as of right now and that’s all because people are not doing big volume moves just yet. So, you are right and sound totally correct.

I believe when you see the market is very unstable, you would not want to perform such activities because that will only mean failure in the end. So its best to stay calm and continue monitoring the events in the market because that will mostly affect the current market condition.  Bitcoin at the moment is still at $48,221 and it can go even lower than that once the correction pushes through. But in the end, i know bitcoin won't always stay dumping and will always recover in time. Eventually, if there will be positive updated news that will seriously affect the market, then that will boost the momentum of bitcoin and the rest of established altcoins. 

[STT]

A good way to judge this would be the area between the 50 day descending and the 200 day average underlying the lows.    When the two become far closer we are invariably going to get a break out of price action, till then a range is likely to establish.

[Yaunfitda]

I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

It's because $50k is the biggest barrier right now, so that number is critical, and for us to remain in the bullish sentiments, we need to go past that and maintain.

With the volatile market, we can always expect that there's always an attempt for a downtrend even amid a strong dominance and we already witnessed that many times. For speculators, a close to $100,000 is always what they wanted but this dip reminds us that we can't expect a continuous bullish trend for long. It's good for those who think who are left behind as the opportunity to buy at the dip is now a long wait.

You are right the market is very volatile that's one nature of bitcoin. However, we didn't expect a big downtrend as historically December has been very bullish. And there are even projections and speculations that $100k can be achieved, hence S2F modelling become well known in the bitcoin space.

[Beparanf]

I don't know why such analysis if Bitcoin can remain at above $50,000, should be the main concern.

It's because $50k is the biggest barrier right now, so that number is critical, and for us to remain in the bullish sentiments, we need to go past that and maintain.

Most of the 00's price is a psychological barrier especially if there's a confirmed trend like the bear trend that we are experiencing right now. This prices are always significant because most of the traders considered it as support or resistance so breaking it will result to more pump or dump depends on trend.

It's normal to see people panicking once the price hit it during the dip because more traders will sell off once the price is trading below an old support that turns to resistance.

[buwaytress]

I realise how silly even I sound trying to make sense of where we're going

You do not sound silly at all, that is exactly how it is looking right now. We are looking like we do not have enough volume to make a decision on which direction it will be going and that is 100% true.

Yeah, it's one of two things I "rely" on when weighing in on the confidence of my predictions. And every time we see such thin trading volumes, can't help but think the bears/bulls are waiting in the wings. Used to feel that weekends are when they let the dogs of war out but as we can see today...

A good way to judge this would be the area between the 50 day descending and the 200 day average underlying the lows.    When the two become far closer we are invariably going to get a break out of price action, till then a range is likely to establish.

This being the other thing for me: 200MA. It hasn't always done as expected this year but I generally expect support around it or a strong bounce if broken -- in a rally anyway.

[fullhdpixel]

The drop finally finished in late July, after BTC dropped to $29k for the first time since the first days of January. Fortunately, the coin found a strong support level here, which allowed it to launch another recovery, and then a brand new rally that took it all the way up to $68,000 per coin. This new milestone was reached on November 10th, after which the coin once again saw a correction that took it down to $45k in early December.

But, Bitcoin started recovering once again in the last 7 days, which brought it back to $50,000, and even to $51k, which is where it sits at the time of writing.

You need to understand that bitcoin doesn't need to go up all the time, it could have ups and downs and it could do this all the time. We are talking about something very special here, bitcoin is a volatile thing and that is how we make our money. You buy when it goes down and you sell when it goes up.

I am personally a long term investor so I do not care about these small ups and downs to be honest but the market does, the market has so much volume that every single dollar dropped is a buck goes into someone's pocket and goes out of someone else's but that guy who lost money could make it back if he knows what he is doing. All in all traders will love bitcoin only if it is volatile like this, if we weren't then we wouldn't be loved this much around here and everyone would move to stocks or gold and just make boring money. If you want to make 2x in a year, you have to accept being a bit volatile.

[StreakW]

We can not know where Bitcoin will go after December and to be safe, you should close your position before those days.

A trader does not fear volatility, bull or bear if you have the right strategy to spot the trend. I only know that having a good stoploss strategy can help. The fud is that of uncertainty of the direction of bitcoin price by the end of this year but that fear should be for hodlers and not traders, therefore price recovering at$50k and above two days ago, dropped yesterday and went back up to $50k above is good for traders who are spoting the resistance and support levels, those are what matters for traders but not exactly same for hodlers.

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for. Some traders must have panicked and quickly sold it with the aim of not experiencing big losses. Well, a situation like this will make us confused and lead to regret. In order for us to remain calm when the price of bitcoin drops drastically, we must be able to be mentally and psychologically strong so that we do not easily panic and get carried away by emotions.

[sheenshane]

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for.

The reason why the price keeps dropping is because of the FUD that keeps spreading, it was small investors who were afraid to lose their investment.  Once they heard a short correction, they quickly pulled out their investment and convert it into fiat.
Some reason that I have doubt that there's a long price correction because of a long panic selling and didn't quickly recover because of this scenario.

But I didn't expect that there's a big downtrend this year, I still saw a healthy market that could probably the price will increase by next year.  It's pretty normal during this season Bitcoin will drop due to the yearly activities.

[STT]

We are likely to check lower prices, thats the way its looking right now.   I see a range bound trade but at the very best that means we bounce off both sides of that box enclosing price action at present, bottom and top prices checked.

[GreatArkansas]

We are likely to check lower prices, thats the way its looking right now.   I see a range bound trade but at the very best that means we bounce off both sides of that box enclosing price action at present, bottom and top prices checked.

Very crucial for Bitcoin right now plus the last month of the year. This is like opposite of what happened in December 2017 or could be the same. Before we experienced a huge dump but after that, strong bounced back and made an all-time-high last 2017 December.

This month will be the deciding month. $40,000 is the next support for Bitcoin for me, when $50,000 support broke, it become a resistance, bears are too strong.

[davis196]

Very crucial for Bitcoin right now plus the last month of the year. This is like opposite of what happened in December 2017 or could be the same. Before we experienced a huge dump but after that, strong bounced back and made an all-time-high last 2017 December.

This month will be the deciding month. $40,000 is the next support for Bitcoin for me, when $50,000 support broke, it become a resistance, bears are too strong.

The current situation on the Bitcoin market might be similar to December 2018.
The BTC price dropped to 3-4K back then(but it recovered to 8-10K USD during the spring of 2019).
Of course,the price won't drop to 3-4K USD now,but 30-40K USD is really possible.There's no reason for panic.Many traders are still profiting,the dollar cost average of every BTC trader is more important than the current BTC price.Many traders will be selling some BTC and there won't be enough buyers during the holidays.That's why the market will be bearish in the next few weeks.
I do expect the price to recover after the winter(if there's no massive FUD in the first quarter of 2022).

[AmoreJaz]

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for.

The reason why the price keeps dropping is because of the FUD that keeps spreading, it was small investors who were afraid to lose their investment.  Once they heard a short correction, they quickly pulled out their investment and convert it into fiat.
Some reason that I have doubt that there's a long price correction because of a long panic selling and didn't quickly recover because of this scenario.

But I didn't expect that there's a big downtrend this year, I still saw a healthy market that could probably the price will increase by next year.  It's pretty normal during this season Bitcoin will drop due to the yearly activities.

and let's not forget that the adoption today is very different than a year or couple of years ago. so hard to compare what may happen to the market as for me, this is just the typical up and down movement that you can expect in any market. we can't also pinpoint the reason(s) why we have seemingly bearish period. but come to think of it, comparing the price today even at 48k as last year's price of the same period, it was only more than 19k. what am trying to say here is we can't say we are in the bearish period if we refer from last year's price. so we can have different conclusions here with respect to when we are comparing this period.

[Fatunad]

Some people must have panicked when they saw the price of bitcoin dropped drastically far below the price it was bought for.

The reason why the price keeps dropping is because of the FUD that keeps spreading, it was small investors who were afraid to lose their investment.  Once they heard a short correction, they quickly pulled out their investment and convert it into fiat.
Some reason that I have doubt that there's a long price correction because of a long panic selling and didn't quickly recover because of this scenario.

But I didn't expect that there's a big downtrend this year, I still saw a healthy market that could probably the price will increase by next year.  It's pretty normal during this season Bitcoin will drop due to the yearly activities.

and let's not forget that the adoption today is very different than a year or couple of years ago. so hard to compare what may happen to the market as for me, this is just the typical up and down movement that you can expect in any market. we can't also pinpoint the reason(s) why we have seemingly bearish period. but come to think of it, comparing the price today even at 48k as last year's price of the same period, it was only more than 19k. what am trying to say here is we can't say we are in the bearish period if we refer from last year's price. so we can have different conclusions here with respect to when we are comparing this period.

Adoption rate or recognition is totally on different level in todays time compared into those previous years that we had passed on.Which we can tell that the price couldnt really crash off in a short span of time.Well, there might be some in depth corrections but it does takes time or move in gradual behaviour rather than on direct crash or correction leaving out people into losses.
Now the price is below 50k at the moment but it is  starting to climb up again and watching to be on that 50k level again.Thing here is that you do
know on what you are doing and utilize these movements to make profits.

[Hypnosis00]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

[Botnake]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

[BitcoinAccepted]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

That’s true. We have seen how Bitcoin falls but then climbs back again after some time throughout the years. Honestly, it is not really realistic that Bitcoin will remain, like stagnantly, on its increased value, considering that it exists on a volatile market. But isn’t that the thing with crypto,  the changes in value allows us to be able to buy and sell on the right time and earn profit. We have experience all of these before, we should stay calm and wait for the time to make wise decisions.

[Kasabus]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That is why we never see such a straight fall but slowly, and we then see a short time frame recovery now. Well, I'm not sure if we then going straight up as we can't neglect the volatility of the market but at least, we saw signs of its recovery.

Definitely, price recovery will take place in its perfect time. But for now, the market remains so unstable that anytime bitcoin price will recover from $50k, and then the next hours we will see again falling down to $48k or $49k. Well, despite of the current scenario, we should still focus on being positive and keep being calm so we will never resort into making decisions that will probably make us regret in the end. Hodling is still the best thing to do for now as bitcoin will always recover even how many dips will come.

That’s true. We have seen how Bitcoin falls but then climbs back again after some time throughout the years. Honestly, it is not really realistic that Bitcoin will remain, like stagnantly, on its increased value, considering that it exists on a volatile market. But isn’t that the thing with crypto,  the changes in value allows us to be able to buy and sell on the right time and earn profit. We have experience all of these before, we should stay calm and wait for the time to make wise decisions.

With bitcoin having high volatility, it's not surprising that its prices will always fluctuate from time to time especially if there are sudden news that will affect the market, and i think we should get used to it. Bitcoin at the moment is very close to $50k again with its price at $49,168 but it has higher chances to drop down again due to the current correction. So considering the situation right now, i can't really tell if bitcoin will stay in $50k above or settle below than that. But as long as bitcoin remains highly volatile, there will be bigger chances that it will soon to recover again and ended up its price going to the moon again.

[bakasabo]

I cant say that Bitcoin finally starts climbing back, it just stopped falling down. I continue to observer how the price goes up during day, and goes back in the evening. On a day graph it is seen clearly. But in quarter or half a year period it looks more like a line to me. So it is not climbing. Its price is above $49k, but by the end of the day I expect a price drop again. Hard to believe we will see a real growth any time soon. Previously, recent Elon Musk tweet would push the price up, but this time it managed only to shake cryptocurrency market.

[Jating]

I cant say that Bitcoin finally starts climbing back, it just stopped falling down. I continue to observer how the price goes up during day, and goes back in the evening. On a day graph it is seen clearly. But in quarter or half a year period it looks more like a line to me. So it is not climbing. Its price is above $49k, but by the end of the day I expect a price drop again. Hard to believe we will see a real growth any time soon. Previously, recent Elon Musk tweet would push the price up, but this time it managed only to shake cryptocurrency market.

It's been more than a month from our last all time high and after that the price dip that currently we are having time overcoming that big $50k resistance right now

So we will never known, perhaps the market will continue this way up to the end of the year.

Or maybe we still have some bull run that will push the price to somewhat around $52k.

Regarding Elon Musk tweet, I think we are done with him that's why his tweet has no effect in the market already. He no longer has the influence like he has before.

[TinaK]

There is no way to head back to depth again, I'd see this as very unlikely because of some reasons,
*adoption (big companies are into this)
*people's mindset(they learn already) they just hold and keep calm
*FUDs aren't effective right now

That's a good insight, that could be the reason the bitcoin price didn't fall that much and as we can see, it's playing around $45k+ price range and it almost hit the $50k right at this moment.

I don't think that bitcoin has a massive fall this year and hopefully, it will not, I have heard rumors from experts predicting that there's a chance that bitcoin will reach another ATH by next year.

You guys don't pay attention too much with Elon Musk, the more people will react the more he will maybe manipulate the market through his influence.

[asrinur]

Bitcoin price is still in a downward trend in price. Since the last month it seems that it has not been a good period for Bitcoin. Until now the price of bitcoin continues to be under pressure. although the price of bitcoin had broken through the $50k price level again last week, it didn't last long. even now the price of bitcoin is still declining at the level of $46k-$48k.

[slaman29]

Tomorrow's the day for 50k this is my personal no nonsense prediction that is based entirely on thin air and not knowing anything about the market.

And then we will see new 70k ATH by New Year followed by a slow slow slow rally in 2022 to 100k.

Hey, if other people can predict it so can I right?

[STT]

Current target to beat is weekly average then the level at about 51k or so which would be in line with the pattern of decline from the ATH.     If it cant stay above the decline trend then surely it must continue below any support shown in recent lows, for now both possibilities have resulted in price going sideways.

[Shasha80]

Bitcoin price is still in a downward trend in price. Since the last month it seems that it has not been a good period for Bitcoin. Until now the price of bitcoin continues to be under pressure. although the price of bitcoin had broken through the $50k price level again last week, it didn't last long. even now the price of bitcoin is still declining at the level of $46k-$48k.

It seems that Bitcoin still needs time to rise again above the $50k price, because now the price of Bitcoin is back below the price of $50k.
Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year
with their families. So it is likely that Bitcoin will drop even lower in the near future, I predict Bitcoin price will recover possibly in early 2022.
So now is actually an opportunity to collect Bitcoin, or just hold the Bitcoin that we have. Most importantly, my advice is don't panic if the Bitcoin
price will fall in the near future, because it's only temporary, as long as we don't sell our Bitcoins at low prices. We still haven't lost and there is
still an opportunity to make profit from Bitcoin.

[BitcoinAccepted]

With bitcoin having high volatility, it's not surprising that its prices will always fluctuate from time to time especially if there are sudden news that will affect the market, and i think we should get used to it. Bitcoin at the moment is very close to $50k again with its price at $49,168 but it has higher chances to drop down again due to the current correction. So considering the situation right now, i can't really tell if bitcoin will stay in $50k above or settle below than that. But as long as bitcoin remains highly volatile, there will be bigger chances that it will soon to recover again and ended up its price going to the moon again.

Indeed. Bitcoin’s volatility may seem like a negative feature but on the contrary, it is one of the many factors that has been keeping bitcoin or the cryptocurrencies rather, to still recover after each fall and even increase in value. So in every correction, the faith, patience and determination of users will really determine if one will earn profit or incur losses.

[kotajikikox]

if we will going to record in posting every return of Bitcoin then this forum will be filled with so much same posts each day?

Bitcoin had already climbed back and fort at 60k, then at 50k, then at 40k. even in 30k or below so what will be the next post then?

Yes Bitcoin break 50k once more but yet stays lower this moment for week now .

[pooya87]

Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year

This is a false guess that is repeated every year and it still makes no sense. Take last year for example, around the same time people were expecting a lot of sells due to Christmas but price actually went up from $18000 to $34000 by the end of December 2020. That was almost a 2x rise!

[arufox]

Although the bitcoin price had broken through the $50k level, it only lasted 1 day because after that the price dropped back to the $46k level. I see the current bitcoin price decline is not over yet and also the market panic is still happening. Therefore, I expect the short-term sell-off to continue, and the bitcoin price may drop to near the $42k resistance level.

[bitgolden]

Although the bitcoin price had broken through the $50k level, it only lasted 1 day because after that the price dropped back to the $46k level. I see the current bitcoin price decline is not over yet and also the market panic is still happening. Therefore, I expect the short-term sell-off to continue, and the bitcoin price may drop to near the $42k resistance level.

I would say it did that before and that is the reason why people are not worried all that much to be honest. I mean imagine this, if you are so sure of something happening, and it has happened many times before, how long would it take for you to get scared when that happens again?

For example, you are a pianist and you learn new songs all the time, and you learned many songs this way, so you start a new one and you fail to play it perfectly, it takes time for you to play perfectly, you have learned hundreds maybe over a thousand songs and play them perfectly but this one song took more than all others, how long until you give up or just get scared that you won't be able to? If you have confidence then you would know that you will conquer that as well. This is where crypto is right now, we have conquered it many times before, and if you have confidence in it, you will know that it will do it again.

[Slow death]

now we are approaching the danger zone that are:

- $44000

- $41500

- $39,000

  the price cannot fall below $44000 and stay there because it will run the risk of falling to $39000 and consequently we would see $32000 in case it falls below $39000

[Baofeng]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

[wxa7115]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

I do not know, personally it does not seem that we are headed to such a crushing bear market as the one we suffered after the bull run of 2017, it is true the price is having problems remaining above 50k but it is not as if the price is at risk of going below 40k either.

It seems that this December is going to be less volatile than what we were expecting, but that is not as bad either, it is natural that markets during the middle of a bull run experiment periods in which the price is just ranging, so I think that what we are seeing right now is not an indication of a bear market that is coming, rather the market participants are just taking their time and are accumulating more coins before the bull run continues.

[DoublerHunter]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

I do not know, personally it does not seem that we are headed to such a crushing bear market as the one we suffered after the bull run of 2017, it is true the price is having problems remaining above 50k but it is not as if the price is at risk of going below 40k either.

^ I think this is normal when it comes to the month of December, we have more holidays at this month and it could be traders and investors need their money. Something like there is someone who pulled out their assets. But yes, I don't see any reason why BTC will go down beyond $40k, in fact, we are still in a bull market if we compare the last previous price. We were just for it, those people who have willing to wait and be patient will most likely have a reward at the end of the day.

[nhaila]

Tomorrow's the day for 50k this is my personal no nonsense prediction that is based entirely on thin air and not knowing anything about the market.

And then we will see new 70k ATH by New Year followed by a slow slow slow rally in 2022 to 100k.

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

[romero121]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

I do not know, personally it does not seem that we are headed to such a crushing bear market as the one we suffered after the bull run of 2017, it is true the price is having problems remaining above 50k but it is not as if the price is at risk of going below 40k either.

^ I think this is normal when it comes to the month of December, we have more holidays at this month and it could be traders and investors need their money. Something like there is someone who pulled out their assets. But yes, I don't see any reason why BTC will go down beyond $40k, in fact, we are still in a bull market if we compare the last previous price. We were just for it, those people who have willing to wait and be patient will most likely have a reward at the end of the day.

December month used to be different from the rest of the months due to the holidays. For that reason it isn't possible to come to a conclusion about the market trend. The market have been dragging within limits, this is a pattern of resistance gain for the market to get pushed. For some reason if the resistance isn't attained automatically the market drops. Based on this it is good to have patience, but how far the market gonna change in the short term is completely dependent on the inflow of money.

[slaman29]

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

[Shasha80]

Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year

This is a false guess that is repeated every year and it still makes no sense. Take last year for example, around the same time people were expecting a lot of sells due to Christmas but price actually went up from $18000 to $34000 by the end of December 2020. That was almost a 2x rise!

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

[michellee]

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

From this year, bitcoin will be different in the next years as the adoption can increase higher and people awareness will also increase. But behind that, we need to be careful and still keep an eye on bitcoin price because the price can drop anytime and we have seen this many times.

It is better to take a break for a while at the end of this year to enjoy our profit before so when we come back to crypto, hopefully, the situation can change to better and we can back at the right time. Maybe this situation will be like this until the end of this year as the price is not trying to move to the high price and only stay at the current level price.

[pooya87]

Especially approaching Christmas and New Year, there will be many people selling their Bitcoins to celebrate Christmas and the new year

This is a false guess that is repeated every year and it still makes no sense. Take last year for example, around the same time people were expecting a lot of sells due to Christmas but price actually went up from $18000 to $34000 by the end of December 2020. That was almost a 2x rise!

Maybe this year is a little different from previous years, entering 2021 the rise in Bitcoin and altcoins has been incredible,  even in 2021 Bitcoin
has reached ATH several times. So I'm sure a lot of investors will make big profits this year. Because I feel very satisfied with the profit I made
this year, at least I think to spend some of the profit I made this year for a vacation at the end of the year. So I've cashed out  for this year-end
vacation, maybe quite a lot of people are doing the same thing as what I've been doing. Therefore, December 2021 is different  from what happened
in December 2020. But maybe my thinking is wrong, because honestly it is difficult to predict crypto price movements.

Note that I never said what is going to happen to price now. It may go up or it may stay here or it may drop more but whatever it does (including if it were to drop another 30% for example) it will NOT be because it is Christmas.

Keep in mind that I'm talking about bitcoin not altcoins. Crypto (ie. altcoin) market is all pump and dumps and can not be predicted while we can predict bitcoin to some extent because most of the times the bitcoin price movements are logical.

[btc_angela]

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

But most people don't put reasoning behind it as it is base on pure speculation.

At least that is the case for $100k argument, although there could be model out there predicting that it will hit this year, but sadly the market turn sour now and is heading to a bearish trend.

And as you have said, I could be wrong, maybe in the first quarter we will have this $100k, for all we know.

[Baofeng]

^^ We are just above $44k right now, but still in the very dangerous levels at $46k so we are not out of the bear market. On the contrary, we might stay at this price range until the end of the year, which is not a good indication for the next coming 2022 as we might be really entering a bearish scenario similar to 2018. So hopefully though, things will change still next year and we remain in the bullish state at least in the first quarter and hit another all time high.

I do not know, personally it does not seem that we are headed to such a crushing bear market as the one we suffered after the bull run of 2017, it is true the price is having problems remaining above 50k but it is not as if the price is at risk of going below 40k either.

It seems that this December is going to be less volatile than what we were expecting, but that is not as bad either, it is natural that markets during the middle of a bull run experiment periods in which the price is just ranging, so I think that what we are seeing right now is not an indication of a bear market that is coming, rather the market participants are just taking their time and are accumulating more coins before the bull run continues.

Yeah, it could not been worst because we have seen the price just hovering above $45k, but the resistance at $50k is too much too overcome right now. So December is still very volatile in my book.

Not sure if this is not a bear market indication, but again, we don't want to expect something big and we have to prepare eventually. Accumulating might be a good idea specially if you are for the long term in this market. But what I'm saying is that bear market will have to enter the picture at some point in time.

[EdenHazard]

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

Um duh man of course we all do. People have been saying about the end of Bitcoin markets for 10 years now, just like people have been predicting the end of the world since we learned how to write lol

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

It's a real roller coaster ! crypto market always had that and people loving play the game of predicting price during that dip and ATH time then suddenly forgot that there is a swing time where the market move like thesedays ..
it's indeed great to see bitcoin keep hitting the ATH and seeing your portofolio increased drastically to the moon.

but let's be honest to ourselves .. that it wont last forever. last week we are sitting back to $50k trying to get the new ath etc but now it looks like we are going down to $40k line

[Slow death]

Tomorrow's the day for 50k this is my personal no nonsense prediction that is based entirely on thin air and not knowing anything about the market.

And then we will see new 70k ATH by New Year followed by a slow slow slow rally in 2022 to 100k.

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

bitcoin is not going to end up what is happening is normal and that happens in any market, when many people bought bitcoin for the price of $32000 a few months ago these people would eventually sell for profit and this is what is happening now, when the market hits a fund where there will no longer be selling pressure, will start to rise in price because it will have more buyers and fewer sellers, and just as it has worked for years

[milewilda]

Tomorrow's the day for 50k this is my personal no nonsense prediction that is based entirely on thin air and not knowing anything about the market.

And then we will see new 70k ATH by New Year followed by a slow slow slow rally in 2022 to 100k.

Hey, if other people can predict it so can I right?

Different people have different doctrines, some say the bitcoin market might end here. Bitcoin may return to its previous position. Many are saying that Bitcoin will be 100,000 by the middle of 2022 .

bitcoin is not going to end up what is happening is normal and that happens in any market, when many people bought bitcoin for the price of $32000 a few months ago these people would eventually sell for profit and this is what is happening now, when the market hits a fund where there will no longer be selling pressure, will start to rise in price because it will have more buyers and fewer sellers, and just as it has worked for years

Not only for years but actually on when this market had started up.This had been only composed with buyers and sellers on the first place which means price couldnt really just stay up on static
which means that price could move on different levels which means that it could neither stay up or down on a specific level because everything will vary on the demand
on the entire market.For now the only thing you could do is to go with the flow and make out decisions according on price movement and this is
where results or outcomes do really differ out.

[Fritwakky]

The cryptocurrency market is getting nervous as it is uncertain what will happen in the next few days. Looking at the historical charts, prices are still in an upward trend, but if we look at the last three months, the situation changes very much. There is a risk that we will enter the short-term bear market, and this is causing that prices of many altcoins will drop significantly.  In my opinion, the probability that prices will remain low for the next two or three months is very likely.

[slaman29]

Nothing wrong with putting a price next to your date and guessing it and putting it out there but at least we should all know the reasoning behind it right?

But most people don't put reasoning behind it as it is base on pure speculation.

At least that is the case for $100k argument, although there could be model out there predicting that it will hit this year, but sadly the market turn sour now and is heading to a bearish trend.

And as you have said, I could be wrong, maybe in the first quarter we will have this $100k, for all we know.

The worse thing that could happen now, in my opinion, is that suddenly Bitcoin goes super crazy and heads to 100k by 31 December. It sounds nice right and probably all the alts will go even crazier but this would mean more than 2x in 10 days, and this means again another 2017 effort just even more wild.

If that happens, we will see another super winter of -90% from ATH, I would guess.

[el kaka22]

It has been a great green day for all of crypto today, I know that not many people were ready for it but I have said that the decrease in price will have to stop somehow and some day. We are talking about gradual but bigger profits whenever one direction is taken for too long. If we are dropping for many days in a row, the increase in price will profit you more than just shooting right back up after a fall, or if it has been gradually going up then it will profit you more to short it than crashing as soon as it goes up.

Basically no matter what direction crypto goes, if it slowly does it for a long period of time, leverage and margin trading for that direction will grow bigger and bigger so going against that momentum will gain you bigger profit. This is why I knew that since the price was dropping gradually for a while now, it was just matter of time for it to recover. It can't crash right away since it is not profitable, so we need to wait for it to stay here for a while and then decide the direction.

[STT]

Price target upwards will be near the top of the biggest red candle on this chart, basically this must be surmounted and established as a new base camp ready to provide support for further action.  When that occurs you have climbed and secured your position in order to fully have a foothold.



So that looks at about 54k, that would help seal this negative action seen recently.   So far we are rising and there is the idea its outlasted the negative trend but its not fully formed until we get that greater target.

[bitterguy28]

Bitcoin price has just managed to breach the $50,000 resistance level after crashing below it on December 4th and hitting its lowest point since late September. The recovery above $50k could have greater implications, of course, as it might signal the start of a new rally. However, whether or not that will truly happen has yet to be seen.

Just days after your post Bitcoin once again fell down hard to below 45k , and until now struggling to at least make it back to 50k

is this sounds like Bullish or Bear coming?

I'm tired of speculating that is why i decided to forget about my investment for at least this whole year and the 2 quarters of 2022.

I  may be back tracking in the 3rd quarter next year.

[bakasabo]

I am sure that you will return faster, if Bitcoin will be about to update its ATH. And it is nearly impossible to forget about investment for such a long period. You will initially spot cryptocurrency prices here and there (google has already gathered some data about you and created a profile with a desired links and ads to show you), and will calculate what is your portfolio worth right now. Once you are "in business" it is impossible to leave.

On the topic - seems that cryptocurrency is returning its positions. Previously the day was: prices up on the first half of the day, and then go down in the evening. So far we are on several days growth.

[jaberwock]

I have to say that 50k+ is important but 60k+ is even more important. We always get closer to 50k whenever we drop under it, it is always easy, we go above it very easily as well and then drop but then recover again and drop again but it's fine.

What we really need to do is stay above 60k, that is the real trouble, sure go under 60k a small bit but not too much, never drop under 55k, and always try to be like 57-63 range and that's the real great thing. I am not saying that it is impossible but I feel like it is definitely something that is challenging to do. If we can arrange that, then we are going to reach to many new ATH prices and we are going to end up with a lot better results.

[kawetsriyanto]

last week we are sitting back to $50k trying to get the new ath etc but now it looks like we are going down to $40k line

Your prediction is likely untrue, we aren't going to $40k. Please check Bitcoin price today, it is already above $50k again. Not sure if BTC price is trying to stay above $50k but I guess BTC correction+sideway is over. If there is no bad news again, we are ready to go to the next ATH. Except, this is a bullish trap, then we probably prepare for another huge drop.

In my opinion, the probability that prices will remain low for the next two or three months is very likely.

If Bitcoin will reach again another ATH, the decline should end in the near future. But if we are going to a bearish phase, the low price phase will last until the next halving. Right now, these two possibilities can happen, still no clear sign of which one to go. However, personally, I still believe that Bitcoin bullish isn't over yet.

[savetheFORUM]

If Bitcoin will reach again another ATH, the decline should end in the near future. But if we are going to a bearish phase, the low price phase will last until the next halving.

Already bitcoin started its recovery and from here we do not need to worry about the decline anymore.
If bearish trend starts from here it may persist for next 10 to 12 months not definitely not till the next halving (as per previous 4 year cycle).

personally, I still believe that Bitcoin bullish isn't over yet.

As we have not experienced the FOMO phase like what we had in last 2 cycles, most bitcoiners feel like we are going to have extended bullish trend this time. Only time could answer for this. Anything could happen; but when following the hype on media, we may expect about another good rally toward $100k at the minimum.

[buwaytress]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

[bitgolden]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

I keep saying that people end up spending money for the holidays and then they get the bonus at the end of the year or during Christmas and that's when the price starts to go back up. We literally had that, we had people who spent money beforehand, probably most around second week of December, and then on the third week we end up going up because they started to get their bonus, which will continue all throughout the world until first of new year, then we will stabilize again.

I am guessing whatever increase we have in the upcoming week will be the biggest one for a while and then for another week or two we may end up with a bit more calm  markets that doesn't move too much.

[EdenHazard]

Just noticed the time of OP and we're back here again. Wasn't expecting it, but I guess Christmas seems to be a marker for some bulls anyway. Doesn't look very strong if I'm honest, but better to stay here and keep these levels for a week til end of year then seesaw wildly in the same period methinks.

When we gonna be chomping at the bit?

The new year hasnt arrived yet tho , so i would expect another hard drop inconmmmming

at least till next month we might suffering multiple times, the support lines seems so weak while the sell waves keep hitting hard.
stiĺl there is a lot of reasons to keep buying or simply scalping it.

[Oasisman]

If Bitcoin will reach again another ATH, the decline should end in the near future. But if we are going to a bearish phase, the low price phase will last until the next halving.

Already bitcoin started its recovery and from here we do not need to worry about the decline anymore.
If bearish trend starts from here it may persist for next 10 to 12 months not definitely not till the next halving (as per previous 4 year cycle).

After Bitcoin made a short recovery, I as well is a bit confident that If we have to on a bearish trend It wouldn't be as sharp as the 2018 bearish run. It could be around $30k-$40k.
The most fortunate scenario to happen is, Bitcoin would just stay and play around the $50k level as a consolidation period before It will make another run in the next few months.
It could actually happen imo, because institutions and retail investors doesn't want to miss the $100k anticipated price so they'll keep buying fractions after fractions once Bitcoin had a significant dip.

[wxa7115]

Bitcoin price has just managed to breach the $50,000 resistance level after crashing below it on December 4th and hitting its lowest point since late September. The recovery above $50k could have greater implications, of course, as it might signal the start of a new rally. However, whether or not that will truly happen has yet to be seen.

Just days after your post Bitcoin once again fell down hard to below 45k , and until now struggling to at least make it back to 50k

is this sounds like Bullish or Bear coming?

I'm tired of speculating that is why i decided to forget about my investment for at least this whole year and the 2 quarters of 2022.

I  may be back tracking in the 3rd quarter next year.

If you are only invested in bitcoin then this is something that you can to without too much of a problem, however if you have invested in altcoins as well then this is not something that I would recommend as the volatility of the altcoin market is so extreme that if you take your eyes out of your investment you could lose your capital rather quickly.

Still even if you are only invested in bitcoin I think that it is a good idea to check the price at least once a day, it only takes you a few seconds to do so and in the case there is something wrong with the markets you can react quickly enough to protect yourself, something that is not possible if you decide to forget about your investments for 6 months.

[STT]

I think we could be clear upto around 53k then invariably there is sellers especially into the new year.  We can resolve upwards but seems even this moderate rally must be challenged along the way.



Here on daily bars the majority of volume still appears to be with the decline similarly from this price point of 53614.  So we are within the range of that whole bar while going sideways since but we have not expanded beyond that initial set of prices defined on that one day of the largest red candle.

[Dave1]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

[buwaytress]

When we gonna be chomping at the bit?

The new year hasnt arrived yet tho , so i would expect another hard drop inconmmmming

at least till next month we might suffering multiple times, the support lines seems so weak while the sell waves keep hitting hard.
stiĺl there is a lot of reasons to keep buying or simply scalping it.

Yeah, we've lost the 50k support I was hoping to hold on for a week but another hard drop incoming? Volume still isn't convincing enough for me either way, so scalping isn't attractive either I'd say. But oh well, happy to sit and see.

I keep saying that people end up spending money for the holidays and then they get the bonus at the end of the year or during Christmas and that's when the price starts to go back up. We literally had that, we had people who spent money beforehand, probably most around second week of December, and then on the third week we end up going up because they started to get their bonus, which will continue all throughout the world until first of new year, then we will stabilize again.

I am guessing whatever increase we have in the upcoming week will be the biggest one for a while and then for another week or two we may end up with a bit more calm  markets that doesn't move too much.

Right after the liquidated to get gifts and pay those annual taxes? Possibly, but again I talk about volumes and retail numbers aren't coming in thick and heavy enough to suggest there's any real impact from there. And to hark back on analysts all saying the age of retail is over and institutional money's at the reins. Not exactly true either huh.

[Oceat]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

It is more likely going to be the same as staying $47k to $49k in the past few days so basically it would bounce back and forth to $50k to $52k within this month or so. And next year might be different than this year, we just need some kind of a bullish news that would create a FOMO in order to pump the Bitcoin price.

But I don't think that's going to happen next month, it will probably gonna happen in February or so and I hope there won't be too much FUD during that time since it's most likely Bitcoin would dump slowly until we see red candles everywhere.

[GbitG]

^^ Yeah, as New year approaches, maybe there are some who are going to sell so I don't see the price hitting $53k, my best guestimate is that it will still be where we at right now, as high as $51k.

Right now we are ~$50k, meaning there are some sell off that is happening already and people are taking profits from the last 3 days of having a green candle.

It is more likely going to be the same as staying $47k to $49k in the past few days so basically it would bounce back and forth to $50k to $52k within this month or so. And next year might be different than this year, we just need some kind of a bullish news that would create a FOMO in order to pump the Bitcoin price.

But I don't think that's going to happen next month, it will probably gonna happen in February or so and I hope there won't be too much FUD during that time since it's most likely Bitcoin would dump slowly until we see red candles everywhere.

There were some expectations about this price so mostly feeling if It's going to touch figure like $53K to $55K during next few days then surely we will have some good bull run in very early days of January but if again It's down and touch $47K then we will have to wait for next bull run and good price. With currently few peoples having profit taking I am feeling we will stay here around $50K and not going above or down so most chances next bull run will be happened in February or end of January.
Any good news can give good bull and any FUD or any bad news from any side again can give us some serious which can stay for some time in this market.

[Vaskiy]

The price that was moving between $47k and $49k have crossed the $50k mark which was under discussion for a long. The major trend line support is being broken and the market is in the urge of testing the mid range support of $53k. It looks like the market is trying to reach $53k, but the movement were happening as if moving between $49k and $51k. Breaking the $53k barrier turns the market bullish. Getting rejected will lead to the drop below $50k.

[ubg]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

[Yaunfitda]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

Yep, we should, and I was saying before, if the price didn't end up above $50k at the end of the year, we might see a bear market in 2022. But it seems that we have been hovering $50k-$51k in the last couple of days so we have a good chance of still having a good price although very far from what everyone wanted to see, a six digit price.

But in any case, we are still in the middle of it all, neither bull or bearish trend. Still really up to us where do we want to go next year. Maybe in the first quarter, the price could still go up and reaches all time high.

[Distinctin]

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

Yep, we should, and I was saying before, if the price didn't end up above $50k at the end of the year, we might see a bear market in 2022. But it seems that we have been hovering $50k-$51k in the last couple of days so we have a good chance of still having a good price although very far from what everyone wanted to see, a six digit price.

But in any case, we are still in the middle of it all, neither bull or bearish trend. Still really up to us where do we want to go next year. Maybe in the first quarter, the price could still go up and reaches all time high.

I think we are in a bull trap as we have seen bitcoin surpassing already $50k and when i check it now, its price is back to $49k. But i do hope that we will have a positive price for bitcoin before this year ends as i'm looking forward for positive news that will come along and affect the market. But if bitcoin won't make it this time, then we will look forward for a bull run by next year. I believe that we are still set to witness a bull run before the bear season will start setting in.

[Reatim]

Bitcoin again break 50k couple days ago but did not manage staying long , from there the price is Up and down from 49k to 51k meaning the barricade is in 52k and I don't know if we are having some good result as the days are fading for 2021.
Hoping that at least 60k will be reached before this year ends.

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

stop dreaming , 3 days to come and still want to believe that there is a incoming Pump? lol in the years passed days like this usually a dumping time and not pumping as the growth happened supposedly in early days of december.

[cabron]

Bitcoin again break 50k couple days ago but did not manage staying long , from there the price is Up and down from 49k to 51k meaning the barricade is in 52k and I don't know if we are having some good result as the days are fading for 2021.
Hoping that at least 60k will be reached before this year ends.

The new years pump is yet to come. I mean if we got a Christmas pump, why shouldn't we get a new years pump. Hell lets even celebrate every day of January while we're at it.

stop dreaming , 3 days to come and still want to believe that there is a incoming Pump? lol in the years passed days like this usually a dumping time and not pumping as the growth happened supposedly in early days of december.

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

It will go up to $50k later when traders least expect. It's a crazy market that price can change overnight so it will not be surprising if the price will also jump to $60k overnight and back again to $45k liquidating the money in the futures market. It wouldn't be funny for the people in that market so those who hold only will benefit from this kind of seesaw.

[Chato1977]

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

I don't think that it is because people is cashing out this holiday season because we have already reached 50k again actually 51k but cannot climb another high, maybe you are correct that is is manipulated and nothing more.
Big investors are playing with the market price because small investors is now in the verge of selling .

[sirminesalot]

It's struggling to rise. Feels very manipulated but it could be that more people cashing out.

It will go up to $50k later when traders least expect. It's a crazy market that price can change overnight so it will not be surprising if the price will also jump to $60k overnight and back again to $45k liquidating the money in the futures market. It wouldn't be funny for the people in that market so those who hold only will benefit from this kind of seesaw.

The resistance is so trong to break, it always fail to rise maybe it's already like 3rd times in this month it looks has a chance to break the resistance but it always fail.
Many people got trapped this time, i think when there are a lot of people so confident about the bull run, the price will be declined by the whales and when we are think it's a bull trap then that time the whales are pumping hard