Bitcoin price is still in a downward trend, will it last long or temporarily?

[arufox]

From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

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[aoluain]

There are many chart analysis which can give us a guide or estimate as to where
we are and possibly what to expect.

I think or so I've been told, we are on a "Decending Wedge" which is a bullish pattern,
eventhough the market price looks to be  falling or at best going sideways.

Look this current situation has even skuttled PlanB's prediction of $135k by
year end.

Bottom line is, nobody knows for sure

[Crypdon]

There is still 2 weeks to go for 2021 and you'll be surprised at what can happen in 2 weeks in crypto. Plan B's prediction is unlikely to come true but let's not rule out a god candle that can create all sorts of FOMO that pumps the markets

[harizen]

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

No one really knows what will happen accurately in the future. Rather than stress ourselves thinking how long this downtrend will continue, just do your best to take advantage of the trend. What matters here is, the downtrend will soon be over but the only question is when.

We can refer to some analysis made by so-called "experts" and from there, decide if those make sense to be considered as a reference on our future actions.

[dothebeats]

As of now, the market seems to be enjoying a sideways movement. There isn't much to see on bitcoin's current price movement anyways as the volume remains low across all exchanges. Right now, our best guess is that they will wait out this holiday season before moves are made again, or it's an outright stagnant market until the first quarter of 2022.

[JoyMarsha]

To me, it happens like a dream. That bitcoin price falls unexpectedly without notice. My expectations was high that bitcoin will soon reach her predicted ATH of $100k after it passes $65k last month. Crypto market can shock your emotions within an hour.
No matter how bearish the market seems bitcoin price won't ever fall below $40k, before it boomerang back. This downtrend price is just for a while, it won't last for so long.
Am expecting a positive passive income of bitcoin by next year

[chaser15]

We should also look at how the uptrend lasted long before the downtrend. We are always eyeing for just a continued uptrend and that's not healthy. Everything should be balanced and that's what the downtrend role. Why should we be concerned right away about the current downtrend where it's just barely a few weeks ago since it was started.

Just relax a bit for now and don't think about something we can't predict easily.

[adzino]

From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

Of course it is temporary. Downtrends aren't something new. The bearish market will eventually end and the price will start rising again. Look at the charts. Zoom out and see the price. You will notice how the price goes down for few months and then goes back up again. In the long run, the price will go up. Right now, no one can tell us if we will reach a new ATH in 2022 or not. It may happen or may not. Don't worry about the ATH. Since the price is low, keep investing as much as you can and keep holding them long term. You will be making some good profit.

[mk4]

I mean, it looks like you've been here since 2017; you should know by now that no one can predict these things, especially when it comes to short-mid term price movements. Remember in the 2017 peak where some people were calling for 100k and stuff? Yea, no one knows crap.

[LogitechMouse]

From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

A "long" time can be considered as temporary to right because it will still end at a certain time.

Well, it looks like we are in a consolidation phase after we are seeing Bitcoin went up to its new ATH at $69,000. Everything in the market whether it is crypto market or stock market is only temporary. There is no such thing as forever downtrend and forever uptrend in the markets. Investing into markets is just a matter of how patient you are waiting when it is to go up or to go down. Just invest when you feel that you need to and wait.

[ipanks]

I think the downward trend for bitcoin can continue because bitcoin is not getting the right time to back increase. Hopefully, bitcoin can reach a new ATH in 2022 but unfortunately, there is no right time when the price will increase. We can predict when the price can increase, but we do not know the right time. We can only enjoy bitcoin's up and down movement, but we can try to use every moment from that up and down for our benefit.

[$crypto$]

We don't know anything about the trend continuing because basically it will be temporary but for now I think it's just a correction in the same pattern and bitcoin resistance is $50k with support $46k so a bullish trend still not visible and we are not sure what will happen we know for the next move.
But basically a big bearish will not happen, let alone bitcoin until it declines to $30k, the trend is still there but until now it is still not strong enough to fight.

[Ararbermas]

It's always a temporary situation because of some factors wherein like what always happened . Indeed this isn't the first time bitcoin experiencing a downtrend because that's how it works to be honest after the all time high "Buy low sell high". so its surprising anymore why this situation always happened after all. And patience is what we need, don't overthink guys. 

[rodskee]

From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

Actually this starts at late November and not Early December , and seeing how the market moves now specially in Bitcoin (making the market leadership)  this seems to be the trend till the Year ended this 2021.
if there will be another different trend? lets see in the middle or at least 3rd quarter of 2022.

It's always a temporary situation because of some factors wherein like what always happened . Indeed this isn't the first time bitcoin experiencing a downtrend because that's how it works to be honest after the all time high "Buy low sell high". so its surprising anymore why this situation always happened after all. And patience is what we need, don't overthink guys. 

Of course everything in Crypto market is temporary because there are no permanent trend.
it will Go up now and will dump tomorrow and vise Versa .

[Poker Player]

There are many chart analysis which can give us a guide or estimate as to where
we are and possibly what to expect.

Let me correct you: there are many useless chart analysis...

I like to come to the speculation section because deep down we would like to be able to predict the future of the price but deep down we know it is impossible. If the prediction and the price coincide, in most cases it is simply because of statistics, with so many predictions that are made, one has to be right, but not because there is a relationship between the charts and the analysis and the final price.

Until now we thought we had a guide to base ourselves on, that this cycle was going to be like the previous ones, also the S2F, but at this point we should be much higher than we are, so we no longer know very well what to base ourselves on, but obviously we will continue to speculate.

[crypto_matador]

Bought bitcoin at 46800 when news of a large number of liquidations came in. Nevertheless, I would not be surprised if we go back to 30,000, and maybe even go even lower to 14,000.

[hugeblack]

From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

If you mean ATH price that happened in December 2017, it did not happen in 2013 as it could happen in January 2022 or March.

In short, if you take the pattern of 2017 as the reference cycle for the current cycle, then the scenario is over, and therefore we are supposed to break the $100k barrier by today, but nothing prevents it from delaying a month or two.

The real question is why this legendary conclusion to the cycle did not happen, but when and to what extent could it be?

[Wind_FURY]

OP, Bitcoin will take as long as it should. Your wait will be long, or it will be short, but when in doubt, zoom out. May it encourage you to continue buying the DIP. I believe it’s also the right time to save some fiat, if in case it’s the end of the bull cycle.

[arufox]

There is still 2 weeks to go for 2021 and you'll be surprised at what can happen in 2 weeks in crypto. Plan B's prediction is unlikely to come true but let's not rule out a god candle that can create all sorts of FOMO that pumps the markets

The current situation can automatically cause me to wonder, whether the current bearish cycle will continue until the end of the year or end soon where we will see a big pump started at the beginning of the year. but before there is a breakout of the resistance, the current bearish looks likely to continue until the end of the year.

[Oasisman]

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.

It will probably roam around the $40k region until the end of 2021. I don't think Bitcoin could fall below $30k at least in the whole month of December because people are still buying at the $47k dip speculating that Bitcoin may pump anytime this month. So, that would be enough reason that Bitcoin will either enter the $60k level or will stay and roam around at $40k.

January will bea different story though, and there will be a huge chance Bitcoin will have a sharp drop If it will not going to have a significant recovery.
Nevertheless, this is just a normal price movement and nothing to worry about.