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

[nhaila]

The Bitcoin market has been in a downward spiral for the past few weeks, which is now a concern for many investors. Feet No one can say which way the market is? However, many have blamed it on new forms of coronavirus. Many are trying to see if it will last long.

[crypto_matador]

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

everyone thought that there would be growth til the new year, but ..

[davis196]

The current price is pretty stable at 46-48K USD for now.This isn't a downward trend.
It seems that the market won't make big moves(both up or down) until the end of 2021.
Everything in the BTC market is temporary.Do you expert the current price to stay for 6 to 12 months?
The current price is where Bitcoin should be.The 68K USD price which occurred several weeks ago was pretty unrealistic and artificially pumped.We shouldn't get too focused on the Bitcoin price during the holidays.
I expect the Bitcoin price to drop even further down to 40K USD,but there should be a steady pump in the second quarter of 2022,if nothing bad happens and there's no major FUD.

[jamkesmas]

no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.

[poldanmig]

no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.

The current condition of this market is quite bad, but that doesn't mean it's the end of bitcoin, bearish and bullrun markets are normal things to happen in the cryptocurrency world, and of course with market conditions like today it is an opportunity for us to buy bitcoin at a cheap price, I agree with what you said, because as it happened before, after bitcoin dropped usually the price would recover and possibly reach a new ATH on each bitcoin rebound.

[STT]

I just noticed that we may be moving past the trend, just roughly drawn doesnt mean the market agrees with how I've viewed it but its a possibility we have more days outside this negative trend then previously seen before now.


So we've had almost 6 days in a row it went outside of the general trend not positive exactly but a net effort that was better to the previous series of negative days, this faint trace of a lesser negative can be what precedes more obvious positive action I've observed this before but its also a case of careful watching and patience not to jump the gun in conclusions.  I'm looking for that possible rise and recovery from here over maybe weaker volume holiday season, how concrete that relief from selling might be is another matter to consider.

[Botnake]

no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.

The current condition of this market is quite bad, but that doesn't mean it's the end of bitcoin, bearish and bullrun markets are normal things to happen in the cryptocurrency world, and of course with market conditions like today it is an opportunity for us to buy bitcoin at a cheap price, I agree with what you said, because as it happened before, after bitcoin dropped usually the price would recover and possibly reach a new ATH on each bitcoin rebound.

Right. I think whatever the price, either its bearish or bullish, it will always be temporary. And with the present downward trend, i know bitcoin and all the strong altcoins will definitely recover from it. So instead of thinking when the market will be stable, it will be better if we'll take advantage on the current dips. Just grab the chance of buying potential coins. Eventually, the market will recover soon and we'll be making huge profits by then once bitcoin ends up reaching new ATH.

[pinggoki]

no one can know for sure how long this bearish market trend will last for sure the market will recover sooner or later, I really believe that because if you look at what has happened in the past, even though the trend is in a very sharp decline, the market will recover and reach its peak price.
if for now I think the Bitcoin price correction is not that deep even if it still holds at 45-50k I think we won't have long to wait for a bull market and see new ATH.

That's more reason to wait things out for anyone who wants to sell now because, this bear market has a limit and then the bull market will enter and you don't want to miss out on those times because that's when a lot of people's changed just because they persevere and was patient to hodl and weather the storm.

[Fundamentals Of]

Whether the downward trend will last long or not, it is always temporary. I have a positive feeling that December will end with Bitcoin reaching $50,000 or above. For the meantime, the price will continue to rise and fall, touching below $45,000 and then recovers a little bouncing back to $47,000 to $48,000. And then falls down again. But I think December will close with Bitcoin getting back to $50,000.

2022 is expected to be a bullish year because the goal in 2021 is not hit. It will spillover to 2022.

[Chato1977]

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.

there are no way that we can answer this correctly , instead the market is showing another downfall again and again mate, Bitcoin price is still showing strong Hold at above 45k but we wanted to see more of this as there are only few weeks remaining in December .
waiting for another ATH before this time .

[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.

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.

Lowering to 45k last night and now returning to 47k , is this a sign that we are really into Bull trapping like what some says?

because look at the market , almost stabling at this range of value and no sign of increasing further not like what the behavior in the past months.
But also what i noticed now is that the Altcoins are growing high, isn't this the Altcoin Season that many are waiting?(including me because i am holding altcoins together with my Bitcoin)

But whatever it takes, I care nothing because Now I am willing to keep Holding instead.

[bounceback]

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

[onecall123]

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

We have just now experienced a bullish breakout after the significant decline. Bitcoin still has some levels to climb. It seems very likely that BTC will retest 50K. However, I am not sure if it will succeed. As BTC is one of the sure things in crypto, there is no reason for me to be disappointed by the correction. In the meantime, I have not sold anything in the hope that next year will be even better.

"I don't know if it goes up or down, I think maybe it goes both up and down."

[rahmatrf331]

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

[Gozie51]

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

Maybe that is a relationship with the December season of spending that cause uncontrollable spending and hodlers will fall back to their bitcoin to cash out. This is not a very good way but the past has recorded  this that way but I am not relying on that fully because things may happen differently for a turn around because institutions will not cash out like individuals doing unnecessary spending this season.

[el kaka22]

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.

The significant decline that is currently happening to bitcoin also causes market movements to become chaotic because almost all coins that are in the market also follow the decline of bitcoin, no one knows for sure what will happen with this decline whether the market will continue to fall or will grow more large, although currently many technical analysts say that the current decline is only a temporary correction.

The price of other coins increase with bitcoin as well whenever bitcoin goes up. Which means that if we are talking about the price going up all together then we need to consider it is normal for them to drop together as well. There is really nothing that we could change in this situation, the market acts together no matter what the direction is. Those analysts say that it is a temporary one but it is always a temporary one anyway, it doesn't require you to be a financial advisor to see that.

Bitcoin went higher in the long term for the past 10 years, which means that no matter how low it gets, it will always recover or at least it has done that so far. Which is why I feel like there is a good chance same thing could be said about this drop as well, so even a regular person could see the price drop and say that it is temporary because price always recovers.

[Silberman]

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems. so get ready bitcoin fly away after passing the first week of 2022.

While that could happen it is better to keep an open mind when it comes to what the bitcoin market can do, after all this market is famous for its volatility, and this means the market can change directions at a very fast speed, so even if the market of cryptocurrencies currently does not seem to be going anywhere this does not mean this is something that is going to last that long as the buying pressure from investors will eventually accumulate to the point the price will begin to go up again.

[batang_bitcoin]

Seeing from previous years, the habit of the year-end bitcoin market price is often bearish and there is nothing wrong with this year the market is bearish. market conditions will continue to persist until the first week of 2022, then the market will return to the green zone it seems.

We do get to see the same trend over and over again. But with next year, we don't know if the trend continues to be downward or there will be a bullish trend that will be formed.

so get ready bitcoin fly away after passing the first week of 2022.

Well, that makes sense as we don't know what's going to happen after the first week or so by 2022.

[uneng]

Of course the current bitcoin situation is temporary and it's going to change soon at any time to an upside trend. And although many people complain about bitcoin right now and consider it bearish, I see bitcoin is stronger than ever, otherwise we would have already seen it falling below 41,000$, while in fact what we is bitcoin very strong between 41,000$ and 49,000$.
Bitcoin is fighting to rise again and by watching the daily fluctuations it's very clear. Investors just need to a little more patient and focused on the long run goal that is more important than any news or predictions you may find on the internet right now.

[TheEconomists]

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.