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

[btc_angela]

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

But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.

Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.

[1714730849]

1714730849

[Wexnident]

But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.

Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.

Looks pretty steady so far, talks about $100k happened in the past months and I was on it as well, though seeing the market right now, it's not going to happen at least for half a year. If it did, which I highly doubt, it's just going to be a quick bubble imo and might even push Bitcoin to levels lower than it is right now, maybe go back to the price of Bitcoin in the year 2020. It'd probably go sideways now, I don't think it'd go down since we just had that, probably found a foundation to hold itself, for now.

[Jating]

But we are just above $50k and just hanging on it, if we have a good bounce to $55k then maybe we can say that we are not in a dangerous trend.

Looking at it's past history, every December we have this kind of burst during Christmas and New Year so I'm expecting the same. So for me it looks like a temporary pump and absolutely no way to see $100k in the future as we might see bearish next year.

Looks pretty steady so far, talks about $100k happened in the past months and I was on it as well, though seeing the market right now, it's not going to happen at least for half a year. If it did, which I highly doubt, it's just going to be a quick bubble imo and might even push Bitcoin to levels lower than it is right now, maybe go back to the price of Bitcoin in the year 2020. It'd probably go sideways now, I don't think it'd go down since we just had that, probably found a foundation to hold itself, for now.

Right, it's going to be a bubble and that's what we don't want to happen next year.

In any case, we should be happy that we have reach a new all time high in 2021 and the streak continues that after a halving, the price really went up.

As for the next year, for sure majority of us will be prepared, 2022 might not be a good year, but still we can take it, accumulate and hold will be the game. Profits will always be there, it just we should learn to mitigate the risk also.

[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.

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.

Plus if Bitcoin follows the same cycles since 2013, then 2023 will be another opportunity to buy the lowest DIPs of the next bearish cycle. If zoomed out, the bearish DIPs are mere corrections.

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.

It’s not “50/50”. Zoom out.

[StreakW]

I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.

[STT]

Price action is not quite negative just yet but within a range its going nowhere for now.  I think thats to be expected over holiday season as the name might suggest despite the larger world we are in a holding pattern till main markets all the markets collate enough volume to decide a direction and break these chains.
    Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.

[BuNga_cute]

I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.

If we look at the history of Bitcoin movements, we don't need to worry about the price declines that occurred this month. Because how deep
the price of Bitcoin fell is only temporary, so there is no need to panic if we see the market going down like it is now. Take advantage of the current
decline to buy Bitcoin again, if it turns out that we still have capital. But if we don't have capital, we can be patient holding the Bitcoins we have
until the desired selling target is achieved. Moreover, if early next year Bitcoin can recover by returning above the $60k price, the $75k price target
will definitely be achieved in 2022. So never doubt the future of Bitcoin, if we can be patient, making a profit is only a matter of time.

[bbc.reporter]

Price action is not quite negative just yet but within a range its going nowhere for now.  I think thats to be expected over holiday season as the name might suggest despite the larger world we are in a holding pattern till main markets all the markets collate enough volume to decide a direction and break these chains.
    Recognizable phenomena we've seen it before, no need to assume too much negative bias really the best trading is done with an open mind.

Agreed. Whales and the cryptofunds might have wanted to protect their profits and their yearly Christmas bonuses after they witnessed that the momentum stopped during the beginning of November. The bullishness has turned into a derisking process where another funding reset occured. I reckon this might have left many small investors losing their investments on leverage again.

However, we can be certain that the whales and the cryptofunds are presently holding cash after dumping and they might begin pumping again after the Christmas season.

[Silberman]

I think the downward trend in bitcoin prices that has occurred in the past month is only temporary. While the current downward trend cannot be avoided by price weakness in the crypto market, the current sell-off should not hinder the outlook for the bullish trend ahead. I am optimistic that early next year at least in Q1 2022 the next bitcoin price rally will reach the price of $75,000.

I think that what we are seeing is completely natural, obviously I would not like for the price of bitcoin to keep going down but at the same time it is also clear the price cannot go up all the time, so I think traders and investors do not really see the need to engage themselves in a huge battle over the price right now, this is what it is causing the price to move aimlessly and without any direction, but this is something I think will change during the first months of the next year.