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

[Kemarit]

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.

Well it's not normal if the price continue to go down as we enter 2022 as we might be in the bear market that time. So saying that the price won't go to $30,000 might be an overstatement because everything is possible in crypto just like in 2017 wherein we never thought that the price won't go down to 4 digits after reaching almost $20,000 in December. So it's better to prepare for the worst scenario, in my opinion.

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[arufox]

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.

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.

I agree with you that maybe early next year it will be a different story. Many experts say that bitcoin may still be bullish early next year. Although it is possible that the current price decline will last until January. Therefore, it is better for us to prepare a mature strategy to take advantage of market conditions next year, because the price of Bitcoin could be bullish again or further corrected from the current price depending on how conditions will be faced by bitcoin next year.

[xmonkeyx]

no one can predict how long the current downward trend will last. I think it's very reasonable that the crypto market price is moving quickly, this is the time for all of us to be able to buy some coins that we believe will provide benefits in the future. I myself really enjoy the market process in positive and negative trends because there will be many opportunities that can be taken to make a profit.

[tokeweed]

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.

Yup from the looks of it, it could start going back down around where the recent support is before the nice wick up.  And I would avoid saying that it wouldn’t fall below 30k.  If it becomes a full blown bear market with everybody panic selling, I think all support could be broken.  I said it before that 30k is strong but c’mon now...  If it has to break down, it will break down.

[michellee]

I am not too worried if bitcoin is still in a downtrend because I can still wait for more and will buy more satoshi's. I am sure it is just temporary and will end soon, but you should not panic if the price is still going down because many people now tend to panic and prepare to sell their bitcoin instead of holding tight of their bitcoin. Once we sell our bitcoin and are afraid to buy back bitcoin, we can lose the chance to make a profit in the next rise of bitcoin, so I suggest you hold your bitcoin tight and never sell at this moment.

[Wysi]

I think it's temporary I meant his particular price range of $40k to $50k would not carry on forever and then it would either cross $50k and go on bullrun else drop down below $40k for a possible bearish market. But it will not go crash as there are some big players who have bought Bitcoin when it price was over $30k. It's just that panic selling will hurt the market and it will recover I don't think we will see repeat of 2018.

[geegaw]

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.

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.

I agree with you that maybe early next year it will be a different story. Many experts say that bitcoin may still be bullish early next year. Although it is possible that the current price decline will last until January. Therefore, it is better for us to prepare a mature strategy to take advantage of market conditions next year, because the price of Bitcoin could be bullish again or further corrected from the current price depending on how conditions will be faced by bitcoin next year.

For crypto experts and members like us, the customary new year is to erase what happened and start a new path, combining a few more sources of information as well as the echoes of this year, the picture is certainly envisioned in a very optimistic direction. However, for economists with respect to various markets, the current issue is the Covid variations as well as the pandemic and economic repercussions, failure to mitigate and recover from these problems will keep the market and the price of bitcoin in a prolonged gloom but no matter what the situation is, staying loyal to the chosen choice and strategy will have more opportunities

[stomachgrowls]

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.

Try to look on charts when you do look after with those supports then you could really tell that there are strong buying points which couldnt really be possible that we would be heading down on 30k so easily even though this isnt an assurance because we know that supports and resistances could easily be broken down if the community would decide it.

Im not really anticipating that much for some bull runs or good increasine price run on this year end.Lots of speculations floating around on what would happen on 2022 which is always been an unknown thing.

All that we could do is to wait up because demand and adoption is something we do need to make out some significant moves.

[tygeade]

Im not really anticipating that much for some bull runs or good increasine price run on this year end.Lots of speculations floating around on what would happen on 2022 which is always been an unknown thing.

All that we could do is to wait up because demand and adoption is something we do need to make out some significant moves.

We may expect or not but bitcoin is known for performing on its own because we cannot speculate when institutions will be accumulating billions worth of bitcoins behind the screens. I mean we must need big investors from here to have significant movements and retail investors cannot do anything about triggering out another round of bull trend.

Personally I am expecting Elon and similar people including microstrategy kind of institutions may invest up to $10 billion dollars in coming weeks which may take us into new ATH and then slowly toward $100k levels but not sure where we are going to end this year which might be above $60k levels in rough estimates based on trend meter of bitcoin as of now.

[palle11]

I think it's temporary I meant his particular price range of $40k to $50k would not carry on forever and then it would either cross $50k and go on bullrun else drop down below $40k for a possible bearish market. But it will not go crash as there are some big players who have bought Bitcoin when it price was over $30k. It's just that panic selling will hurt the market and it will recover I don't think we will see repeat of 2018.

The price drop a little more today. This is really causing more panic to shaky hands but I believe we are going to see better price by the next week. Next week can be volatile because stronger hands may start buying the dip again today , it is showing already this evening recovery slowly catching up.

[freedomgo]

Im not really anticipating that much for some bull runs or good increasine price run on this year end.Lots of speculations floating around on what would happen on 2022 which is always been an unknown thing.

All that we could do is to wait up because demand and adoption is something we do need to make out some significant moves.

We may expect or not but bitcoin is known for performing on its own because we cannot speculate when institutions will be accumulating billions worth of bitcoins behind the screens. I mean we must need big investors from here to have significant movements and retail investors cannot do anything about triggering out another round of bull trend.

Personally I am expecting Elon and similar people including microstrategy kind of institutions may invest up to $10 billion dollars in coming weeks which may take us into new ATH and then slowly toward $100k levels but not sure where we are going to end this year which might be above $60k levels in rough estimates based on trend meter of bitcoin as of now.

We are near closely at the end of the year but bitcoin price even falls down to a lower value which is definitely not our expectation. But i come to understand all of these as we are currently experiencing a price correction which is supposed to increase the support level for bitcoin and main altcoins to reach new ATH. Although it's hard to tell if this will be temporary or not, but one thing i am certain, opportunities like this do not come more often so maybe we can grab chances by now by buying cheap but potential coins and earn good profits in the future.

[aoluain]

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.

I stand corrected @Poker Player

I agree with your synopsis of the various chart analysis, to use an analogy, "if you
throw enough $hit some of it is bound to stick"


Again today bitcoins market price is a continuation of the last week or so....sideways!

On some positive notes we have to consider regardless of market value Bitcoin is
currently being used as an alternative currency ^{El Salvador}, it is a real viable
option for wealth transfer regardless of location and is being used as a hedge against
inflation, the result of all these actions will at some point manifest themselves on the market.

Unfortunately I recon that the new people who need to HODL Bitcoin are selling ATM,
and the people who have the means ^Whales are buying.

[Finestream]

I think it's temporary I meant his particular price range of $40k to $50k would not carry on forever and then it would either cross $50k and go on bullrun else drop down below $40k for a possible bearish market. But it will not go crash as there are some big players who have bought Bitcoin when it price was over $30k. It's just that panic selling will hurt the market and it will recover I don't think we will see repeat of 2018.

The price drop a little more today. This is really causing more panic to shaky hands but I believe we are going to see better price by the next week. Next week can be volatile because stronger hands may start buying the dip again today , it is showing already this evening recovery slowly catching up.

I think the downward trend we have at the moment may cause more losses when it comes to weak hands as they panic easily seeing their investments continue to fall. But for strong hands, instead of thinking when will this correction will end knowing it will only be temporary, they are buying at the moment because its the best time to buy certainly. With all the uncertainties we have at the moment, its always good to stick with our positive mindset and be profitable in the future.

[BITCOIN4X]

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.

You can see the same pattern on the previous ATH in April and compare it to the November ATH. The pattern is almost the same in the short term where after ATH occurs you can find that the price started to correct for several weeks. In the short term I think the price could still correct deeper and this assumption is strengthened by the possibility of some big traders leaving at the end of the year for a vacation. Investors may be willing to stay, but will be different from traders in general. So it might be true to see ATH delayed for 1 to 3 months from now.

I don't want to speculate further about when and how the next ATH scenario will happen, but it doesn't hurt to remain optimistic to expect a new ATH to occur at the end of the year or in Q1 2022.

[SquallLeonhart]

I am not too worried if bitcoin is still in a downtrend because I can still wait for more and will buy more satoshi's. I am sure it is just temporary and will end soon, but you should not panic if the price is still going down because many people now tend to panic and prepare to sell their bitcoin instead of holding tight of their bitcoin. Once we sell our bitcoin and are afraid to buy back bitcoin, we can lose the chance to make a profit in the next rise of bitcoin, so I suggest you hold your bitcoin tight and never sell at this moment.

That is exactly what most people are doing, as long as you could make a profit from the downtrend then you are not going ot be worried about the downtrend neither. I am sure that it will definitely be something that is risky for most people but at the end of the day if you can buy some more then you are going to end up with a lot of profit and that's what matters.

I hope that people will eventually realize that downs are part of the market and if you really want to profit then you should buy as much as you can during those times. For some reason people end up selling in a panic mode and then get upset that they lost money, no idea why they do that. I mean if it drops, it is still a solid investment, bitcoin didn't suddenly turn into shitcoin overnight just because it dropped, "what if it drops more!!!" is not valid argument, you just buy more if it drops more.

[Johnyz]

Downtrend is always temporary, time will come that it will reverse into a new uptrend slowly but surely. The best thing to do during downtrend is always to buy, we already saw this kind of scenario especially with Bitcoin so better not to lose this chance to increase your holdings, buy low and sell high this has been the scenario since then. Recover of the price is inevitable, have more patience.

[BITCOIN4X]

As long as we are for long term hodling, i guess corrections will not bother us much as we never intend to sell at a lower value. So even if ATH comes a late off, we should still look forward for it.

Holders so far are still a minority in my opinion, while the majority will sell their bitcoin when prices are high. So I think the holders are those who are willing to ignore price volatility regardless of how big the correction will be. Long-term investors are usually less bothered by correction, but panicked traders can make some investors think twice about buying more or selling some.

However, i don't see chances that this correction will last for long as usually it does occur only temporarily. And its a good thing to remain optimistic no matter the situation is because in the long run, bitcoin and strong altcoins will always find their own ways to recover and reach their new ATH finally. Although it may be uncertain this time but i know it will eventually realized in time.

The fact is that the recent recovery has been slow which seem unusual during 2021. I agree about the potential, but the number of transaction seems to be starting to increase which is currently marked by an increase in transaction fees during the recent correction. So we can be a little worried about the continued correction during this month, but nothing is impossible about ATH. Optimistic to hold and strengthen your hands.

[btc78]

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.

you must be happy because of the continuing support from the community and the price is strongly holding this near 50k price.
what we must be worried if the price subside to 20k level or even low because that point we have nothing to go but Keep the holding.

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.

I guess so, maybe this will be the trend this whole December as started showing weak and will continue weakening until next step comes in 2022.
or maybe in 2023?

[michellee]

That is exactly what most people are doing, as long as you could make a profit from the downtrend then you are not going ot be worried about the downtrend neither. I am sure that it will definitely be something that is risky for most people but at the end of the day if you can buy some more then you are going to end up with a lot of profit and that's what matters.

I hope that people will eventually realize that downs are part of the market and if you really want to profit then you should buy as much as you can during those times. For some reason people end up selling in a panic mode and then get upset that they lost money, no idea why they do that. I mean if it drops, it is still a solid investment, bitcoin didn't suddenly turn into shitcoin overnight just because it dropped, "what if it drops more!!!" is not valid argument, you just buy more if it drops more.

People need to learn to control their emotions when the market is at a downtrend so they do not have to panic instead, figure out how to use the moment by buying for more amounts. That will be a discount price for them, especially if the price is dropping so they can buy at a low price. If they can do that, they will see the profit will come to them in the next uptrend and that means they will have a chance to make a profit many times by buying low and selling high.

If people realize that the crypto market will always go up and down, they will not panic. As long as they do not sell at panic, even if their value investment is down, they will have a chance to see the value investment will go up when the market bounces up. When it comes to bitcoin investment, the value will be increase someday and if the downtrend comes, they should buy for more.

[ranaprime]

Bitcoin has been going down for a long time. As a result, many investors are suffering from depression. If this situation continues then the situation of investors will not be normal. Since one of the religions of trading business is to be up and down. Even though BTC is currently on a down trend, we may soon get a positive signal. We should wait a little longer. I think from next year we will see the green light of Bitcoin.