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

[Kasabus]

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

I think what we have at the moment are just all speculations since no one is capable to make a right prediction when it comes to a very unpredictable market. But i do believe that this current correction will always come to an end, and by that time a new hope for all of us will start to set in. Despite all the uncertainties we have in this crypto space, one thing will always be certain, bitcoin will always recover from all types of dumps and its price will always bound to move in an upward trend.

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[kotajikikox]

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.

I am not losing Hope about this mate because looking at the market now ? it is backing from Red to Green https://coinmarketcap.com/ so yes  this is temporary downtrend and the uptrend is beginning since yesterday.
We are aiming for at least 70k this year as the record of new ATH but of course come or not it is fine because this year of 2021 is the bullish year Bitcoin and the market ever had.

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

How come that you know that? more downtrend in the beginning of 2022?

Because your economist? 

[sarmrakib]

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.

We have seen the recent past that btc was continuously climbing to the new ATH again and again .After that on this December we have seen a huge drop which pull back it to the 45k$ and much below than it has started too recover .It was mostly stable around 46k$ but yesterday when i opened the market, i have seen it has started to recover and the price is around 49k$ now which makes me more confidence if ths trend keep continue we can easily hit a new ATH at February or so early as well .Remember its a usual behave of the market that it wil go through ups and down we need to watchful on the momentum and the trend as well if it is strong or week .However the new year may give us a new opportunity which we got in this year hope we will find a new strong uptrend which helps btc to go to hit the level of 100k$ what we are really expecting .Let's see how market behave with us .

[pieppiep]

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.

We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.

[Vaculin]

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.

We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.

Bitcoin current price looks more bearish on our eyes but its definitely a  bullish price knowing it does not fall below $40k and those who bought bitcoin when it was $30k or $40k are still considered in a huge profits by now.

However, even if the market always seems to be unpredictable, we know it will always be certain that bitcoin price won't stay for a very long time staying in a lower value when it has high potentials to increase its value. I think we should be more patient while waiting for bitcoin price to recover as it will never settle in a downward trend.

[Oceat]

If you have money for crypto currency investment and you are certain whether it will no longer go downward I will advise that you buy now but the truth is that Bitcoin price will continue to wetness more down even till early next year (2022) before we will see any serious upward trend hopefully.

I think what we have at the moment are just all speculations since no one is capable to make a right prediction when it comes to a very unpredictable market. But i do believe that this current correction will always come to an end, and by that time a new hope for all of us will start to set in. Despite all the uncertainties we have in this crypto space, one thing will always be certain, bitcoin will always recover from all types of dumps and its price will always bound to move in an upward trend.

So far, the price isn't having a correction yet as it's moving up and down between $47k to $49k and it's just a good position but what happens next will determine the market output. But based on the chart, Bitcoin price will break the resistance and make a new ATH again next year as this year is not what most are expecting to happen.

We are all just speculators here but at least some of us have a clear view what would be the future possible price of Bitcoin if it moves to the same direction. Fomo is just around the corner and it will probably gonna show up next year that will make the small fish to buy and I'm sure there's a certain period they'll dump after the hype.

[tygeade]

We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

[stomachgrowls]

We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

There would be always that kind of impression on which whenever the price had made out some small recovery in price then they would really be treating it as a start of bullish run which it shouldnt really be like that because you would really be keeping on anticipating on things which doesnt really need to be having in mind.

Price is always been unpredictable and theres no way you could really able to say on what price we are facing now neither its a downward trend or upward ones.

Price movement or market movement will depend on different factors from traders itself or other possible sentiments.

[pieppiep]

Bitcoin current price looks more bearish on our eyes but its definitely a  bullish price knowing it does not fall below $40k and those who bought bitcoin when it was $30k or $40k are still considered in a huge profits by now.

However, even if the market always seems to be unpredictable, we know it will always be certain that bitcoin price won't stay for a very long time staying in a lower value when it has high potentials to increase its value. I think we should be more patient while waiting for bitcoin price to recover as it will never settle in a downward trend.

Hohoho, I am very happy to see my long is green

Our patience is now getting paid as the price can reach $50k. It is a good moment to close my trade and enjoy my profit

I expect to see another good bullish from bitcoin but it seems the price needs days to rise. I wonder if the price can still grow at the end of the year as we have at least five days later to see the end of the year. Hopefully, what we want can come true and make a big profit later.

It doesn't have to be over 50k to show everyone how it is recovering, it already recovered so much and that is good enough for me. Doesn't mean that I do not want to see it go up even higher, just means that in order to call it "doing good", I do not expect it to be doing 5x suddenly, just a bit of recovery close to 50k is more than enough for me to call it doing good.

Obviously there is room for improvement, maybe we will see it go to 100k in 2022 and that would be a lot better, but that is in the future and I do not want to judge bitcoin on short term movements and definitely not when it is doing so well. All in all we are doing fine and I am happy about it.

I am sure you are now happier to see the price can touch by $50k. It means bitcoin will go strong, but if the price gets another correction after this, we need to wait for a while and buy back for more. Reaching $100k will be a matter of time but I am sure it will go through that price someday, no matter if that will needs more than two months later or even a year to see the price will be at $100k. Yes, we are doing fine so far and now, congratulations to people who bought bitcoin at $45k-$48k

[Russlenat]

Price movement or market movement will depend on different factors from traders itself or other possible sentiments.

But there's one way to determine the movement of bitcoin, if we are in a bullish market then surely we will see a lot of pumps, and this month, we haven't seen that anymore and it looks like the hype that happened in the previous months is not happening again. We know what would happen next, if it's a down trend, we should expect that bitcoin will fall and the altcoins market will struggle.

[TravelMug]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

[Wind_FURY]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.

The glass is half-full.

[Baofeng]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.

The glass is half-full.

Yeah, others look it that way, they are afraid because they think the price will go down because it's a trap, or we remain bullish all thru next year and the price hits six digits.

Still 50/50, but in any case, still a win win situation, if it goes down then grab that opportunity to fill your bags and hold for long term, simply as that.

[SquallLeonhart]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

It’s like that debate between looking at the the glass half-empty, or the glass half-full. In my opinion, the bull trap is actually an opportunity, maybe one of the last, to buy Bitcoin below $50,000. Before six digits.

The glass is half-full.

I keep remembering that professor who filled the glass half and everyone expected him to ask "is it half full or half empty" and instead he asked "how heavy it is", everyone answered like 12oz, 5oz, 20oz etc etc but then he said "it depends on how long I hold it, if I hold it for a minute it's fine, if I hold it for an hour then my arm starts to hurt, if I hold it for a day then it can't move".

I see bitcoin the same way, when people hold it for too long they start to get tired and that's why we can't go to 6 digits right away, that's why it takes time, because people who hold it for too long end up caving in and selling and either make a profit or a loss but they just get out, will get back in most probably after a while but many people want a period where they hold no coin. This is why I believe that we should not be surprised if we go up, and I mean really high, but not hit 100k.

[STT]

You have Russia sitting on the border of a European country threatening to roll back time a couple decades to USSR era, its not really the time for new highs in speculative assets.  Still BTC is reasonably positive over the holiday season.

                   

Price is above 2 day, weekly and just below a monthly average.   Thats not a bad recovery for now but it requires further momentum to push further up.   I do think further revision and cycles in the price occur, its still in a box hoping to break into new ground.                             

[Silberman]

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.

We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.

The price once again reached the 50k level but it is having a lot of trouble staying above it, I know that people are kind of disappointed by what is happening as they were expecting that the price of bitcoin grew considerably during this last month, but even if it is obvious that it is not going to happen there is nothing to worry about, bitcoin is looking very solid despite the news of the new strain, and most likely this means that once those fears subside the price will begin to go up again.

[Saint-loup]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

How we couldn't finish 2021 in green? I don't understand   We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers.

[Distinctin]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

How we couldn't finish 2021 in green? I don't understand  We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers.

Bitcoin is currently priced at $51,196 so its now starting to recover from its quite long price correction. Although the price is not yet above the last ATH, but if we zoom it out, its still considered bullish if we compare it to its previous prices. And if this value even surges this week, then we might predict that there are chances left that we can reach bitcoin's new ATH before its year end.

However, if the current upward movement is just a bull trap, then we can't do nothing about it but to wait for the market to be bullish again. As long as we take advantage with the last price correction and make a good buy and hodl, then we will never be bothered much even if this ends as a bull trap.

[Slow death]

this is still not that dangerous downtrend, we are still above $40,000 which means we have no reason to worry, if we manage to break the $53000 we will see another run up to $69000, so we have no reason to worry at least as long as the price is above $40,000... there were many people who believed that the price would reach $100,000 at the end of the year, this made many people buy bitcoin in a wild way, today they are at a loss and the year will end while the price is below $50,000

[Saint-loup]

$50k is a big barrier to break and for sure everyone is very happy to see the price finally getting into $51k. But I don't know I have a feeling that his could be a bull trap and not a bullish sign. We still have the end of the year push though, if this price maintain this week, maybe $52k or $54k might be the final price for this year. So still very good if we can end the year getting green at least. And then we all look forward to 2022 and hopefully we can still go and reach new ATH.

How we couldn't finish 2021 in green? I don't understand   We started 2021 below $30k then it would need a dip of $20k at least, in 5 days, to close in red. That's just impossible, then it wouldn't be a surprising good news to get a green year candle, it's already expected by the market makers.

Bitcoin is currently priced at $51,196 so its now starting to recover from its quite long price correction. Although the price is not yet above the last ATH, but if we zoom it out, its still considered bullish if we compare it to its previous prices. And if this value even surges this week, then we might predict that there are chances left that we can reach bitcoin's new ATH before its year end.

However, if the current upward movement is just a bull trap, then we can't do nothing about it but to wait for the market to be bullish again. As long as we take advantage with the last price correction and make a good buy and hodl, then we will never be bothered much even if this ends as a bull trap.

In which way it is related to my post? I didn't talk anywhere about a bullish trend or a so-called new ATH before the end of the year (except maybe in your dreams bro LOL). Where have you seen that? I just said 2021 is already priced as a green year by all main market actors and nobody expects anymore a red candle for this year. Losing $20k in 4 or 5 days isn't from the realm of reality.
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