BTC: is it really bearish?

[Shasha80]

Well, the point is that however way you look at those charts, whatever pattern you will create, however way you put those lines on, the price right now is falling down. So, is Bitcoin really bearish? Well, November saw Bitcoin hitting almost $69,000. We are still in the first week of January and the price is just a little more than $43,000. That must be bearish. That's never bullish. But that's the short term. Zoom it out and the chart suggests otherwise. So, we are currently in a bear phase right now. That's obvious. But there's no problem with it because the future is promising. And what do we do when the price is cheap?

I agree with all of your explanations, it's very clear with the price of Bitcoin dropping below $45k now this is a sign of a bearish trend. But there's
really no need to worry about this Bitcoin price drop, I've often seen Bitcoin prices go down. And in the end Bitcoin can always recover, even rising
very high after experiencing a bearish trend. We just need to be patient to see the current market conditions, if we still have the capital we can buy
Bitcoin again at the current price. Because I think Bitcoin is currently at a low price, hopefully Bitcoin doesn't drop below $40k, otherwise there
will be a panic sell.

Well for some people who didn't experience the past heavy bear market season they will possibly get afraid on this current market condition but for those experience people who already see that maybe they are still in cool but one thing is for sure there many will slowly get panic for seeing the situation especially when bitcoin keeps declining and for sure doubts will spread more especially once bitcoin touch at $30k+ again so hopefully we can see some good recovery since this will calm the majority of people who's still have holding which they keep or bought at the top.

That's why many newbies panic when they see the Bitcoin price dropping, because newbies don't have experience dealing with bearish trends
like now, so sometimes I understand why newbies do cutlosses. Sometimes being a successful investor does need to suffer losses first,
so for newbies, please don't give up when they experience losses. The most important thing is that we can learn from the mistakes we have made,
so we don't have to make the same mistakes next time. Hopefully my fear that Bitcoin will drop below $40k doesn't come to pass, that's why
I always recommend to everyone to buy Bitcoin at the current price. Because if more people buy Bitcoin the price will help to go up.
But it would be even better if in the near future some good news emerged regarding Bitcoin, so it will make more and more people invest in Bitcoin.

[andriarto]

However, if you look at the previous correction, there is a fundamental issue behind the correction, so it is natural for the price to fall below 40k. Currently the conditions are quite different, the price continues to be bearish without any significant fundamental issues. So that the condition of falling prices, it can be predicted that it will touch the price of 35K.

The bitcoin price correction has hit 41% since November ATH. Probably not the worst in the past year as I saw a correction of more than 50% after the April ATH. I don't really know if the bearish phase has been confirmed at this time, but since November 10 until today the bitcoin price is in a correction phase despite several attempts to recover.

The potential for a correction of up to 50% of November ATH is always there if the market does not recover soon. $40K doesn't seem strong enough as support to contain the panic, so $35 would be a wall that is expected to prevent a big drop.

I think the same thing, until now we are still waiting to make a purchase, by placing pending orders, in several locations, it is hoped that we can maximize profits later. I see a support limit in the 30K price range, if bitcoin still breaks again, then I think it will continue a deeper decline, therefore we must have reserve funds to buy back, in the sense that we don't spend capital on one purchase

[Ziskinberg]

However, if you look at the previous correction, there is a fundamental issue behind the correction, so it is natural for the price to fall below 40k. Currently the conditions are quite different, the price continues to be bearish without any significant fundamental issues. So that the condition of falling prices, it can be predicted that it will touch the price of 35K.

The bitcoin price correction has hit 41% since November ATH. Probably not the worst in the past year as I saw a correction of more than 50% after the April ATH. I don't really know if the bearish phase has been confirmed at this time, but since November 10 until today the bitcoin price is in a correction phase despite several attempts to recover.

The potential for a correction of up to 50% of November ATH is always there if the market does not recover soon. $40K doesn't seem strong enough as support to contain the panic, so $35 would be a wall that is expected to prevent a big drop.

I think the same thing, until now we are still waiting to make a purchase, by placing pending orders, in several locations, it is hoped that we can maximize profits later. I see a support limit in the 30K price range, if bitcoin still breaks again, then I think it will continue a deeper decline, therefore we must have reserve funds to buy back, in the sense that we don't spend capital on one purchase

I would say that's the right thing to do, buying the dip is the right strategy but you'll never know if the dip we are seeing now is not really it. I mean, if the price will go down further, we should have funds ready to buy them, that way, we won't be disappointed as we can sell some amount for short term profit once there's a minor recovery.

It's barely recovering now, so I have a feeling that this week bitcoin will fall below $40K.

[SquallLeonhart]

Sometimes being a successful investor does need to suffer losses first, so for newbies, please don't give up when they experience losses. The most important thing is that we can learn from the mistakes we have made, so we don't have to make the same mistakes next time. Hopefully my fear that Bitcoin will drop below $40k doesn't come to pass, that's why I always recommend to everyone to buy Bitcoin at the current price. Because if more people buy Bitcoin the price will help to go up.But it would be even better if in the near future some good news emerged regarding Bitcoin, so it will make more and more people invest in Bitcoin.

As a person who has seen the price drop so many times in the past 10 years, I have to say newbies have always been like this and it looks like the "crash" we are having keeps becoming smaller and smaller. I mean remember the 2014 crash, it was horrible and took years to recover, then the 2018 crash and it took lesser years, and then in 2020 we literally had a crash and then a new ATH after that, which shows that there are less and less people who believe that bitcoin will crash and hence they end up not selling too much and the price drops a lot less than usual.

I hopefully can see that this crash will recover quicker than the previous ones as well, 2022 will have a big skyrocketing price for sure, I do not know when that will happen but I am sure that it will happen. Hopefully it will not take too much of time so that we could make some profit.

[istiak2277]

However, if you look at the previous correction, there is a fundamental issue behind the correction, so it is natural for the price to fall below 40k. Currently the conditions are quite different, the price continues to be bearish without any significant fundamental issues. So that the condition of falling prices, it can be predicted that it will touch the price of 35K.

The bitcoin price correction has hit 41% since November ATH. Probably not the worst in the past year as I saw a correction of more than 50% after the April ATH. I don't really know if the bearish phase has been confirmed at this time, but since November 10 until today the bitcoin price is in a correction phase despite several attempts to recover.

The potential for a correction of up to 50% of November ATH is always there if the market does not recover soon. $40K doesn't seem strong enough as support to contain the panic, so $35 would be a wall that is expected to prevent a big drop.

I think the same thing, until now we are still waiting to make a purchase, by placing pending orders, in several locations, it is hoped that we can maximize profits later. I see a support limit in the 30K price range, if bitcoin still breaks again, then I think it will continue a deeper decline, therefore we must have reserve funds to buy back, in the sense that we don't spend capital on one purchase

I would say that's the right thing to do, buying the dip is the right strategy but you'll never know if the dip we are seeing now is not really it. I mean, if the price will go down further, we should have funds ready to buy them, that way, we won't be disappointed as we can sell some amount for short term profit once there's a minor recovery.

It's barely recovering now, so I have a feeling that this week bitcoin will fall below $40K.

Most of the traders buy with all of their funds by expecting to the market to rise. But we should understand that in crypto market there is no upper or lower limits. Sometime overbought market keeps going up and oversold market keeps going down. Market is very unpredictable here so to be on the safe side it will be better to keep doing DCA.

I have a feeling that this week bitcoin will fall below $40K.

Now most people expecting that so i think it will not stay longer there if it went below 40k. There could be a flash crash to liquidate long in future.

[oHnK]

Sometimes being a successful investor does need to suffer losses first, so for newbies, please don't give up when they experience losses. The most important thing is that we can learn from the mistakes we have made, so we don't have to make the same mistakes next time. Hopefully my fear that Bitcoin will drop below $40k doesn't come to pass, that's why I always recommend to everyone to buy Bitcoin at the current price. Because if more people buy Bitcoin the price will help to go up.But it would be even better if in the near future some good news emerged regarding Bitcoin, so it will make more and more people invest in Bitcoin.

As a person who has seen the price drop so many times in the past 10 years, I have to say newbies have always been like this and it looks like the "crash" we are having keeps becoming smaller and smaller. I mean remember the 2014 crash, it was horrible and took years to recover, then the 2018 crash and it took lesser years, and then in 2020 we literally had a crash and then a new ATH after that, which shows that there are less and less people who believe that bitcoin will crash and hence they end up not selling too much and the price drops a lot less than usual.

I hopefully can see that this crash will recover quicker than the previous ones as well, 2022 will have a big skyrocketing price for sure, I do not know when that will happen but I am sure that it will happen. Hopefully it will not take too much of time so that we could make some profit.

It's true what you said, the process that goes through in the movement of BTC prices is very dynamic, but holistically we can conclude that investing here is still very profitable.  it does take time and patience to get great results.  The only losers are those who are very impatient.
As low as the price is when bearish, it's still profitable if you wait for the market to stabilize.

[wxa7115]

However, if you look at the previous correction, there is a fundamental issue behind the correction, so it is natural for the price to fall below 40k. Currently the conditions are quite different, the price continues to be bearish without any significant fundamental issues. So that the condition of falling prices, it can be predicted that it will touch the price of 35K.

The bitcoin price correction has hit 41% since November ATH. Probably not the worst in the past year as I saw a correction of more than 50% after the April ATH. I don't really know if the bearish phase has been confirmed at this time, but since November 10 until today the bitcoin price is in a correction phase despite several attempts to recover.

The potential for a correction of up to 50% of November ATH is always there if the market does not recover soon. $40K doesn't seem strong enough as support to contain the panic, so $35 would be a wall that is expected to prevent a big drop.

I think the same thing, until now we are still waiting to make a purchase, by placing pending orders, in several locations, it is hoped that we can maximize profits later. I see a support limit in the 30K price range, if bitcoin still breaks again, then I think it will continue a deeper decline, therefore we must have reserve funds to buy back, in the sense that we don't spend capital on one purchase

I would say that's the right thing to do, buying the dip is the right strategy but you'll never know if the dip we are seeing now is not really it. I mean, if the price will go down further, we should have funds ready to buy them, that way, we won't be disappointed as we can sell some amount for short term profit once there's a minor recovery.

It's barely recovering now, so I have a feeling that this week bitcoin will fall below $40K.

You are correct, however someone that is buying the dip should be thinking about the long term prospects of his investment and not on the short term.

After all just as you state the price could go down even lower than the price that you bought, but if you are planning on holding your coins then that does not matter, what matters is that you bought your coins for a price lower than what you could do it weeks or months ago, and this is really important as many times whether you will get profits or not gets decided by the price at which you enter your position.

[Mpamaegbu]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend.

First off, you've to know that trading is a speculative business and that every trader is expected to have or develop their navigative tools to guard them. If your navigators are different from others, certainly you won't get the same readings as theirs. Know for sure that trading is about upward and downward movements and as such the movements aren't same across all timeframes. It could be bearish on the 1ht/4hrs TF but bullish on the Daily. It's good to always check higher timeframes to ascertain true positions of assets. From my observation, Bitcoin should be on a downward slope this first quarters at least for alts to pull up. We saw it bull almost throughout 2021. If there's any dip now, it shouldn't be a big deal. If you're trading, I advise you stick to your trading plan and don't be distracted by others.

[Rasa nanas]

I think the same thing, until now we are still waiting to make a purchase, by placing pending orders, in several locations, it is hoped that we can maximize profits later. I see a support limit in the 30K price range, if bitcoin still breaks again, then I think it will continue a deeper decline, therefore we must have reserve funds to buy back, in the sense that we don't spend capital on one purchase

but it looks like for now bitcoin is refusing to drop below $40k, but this doesn't mean the bear market is over as the pressure to go below is still very strong. I think now not a good time to buy as it is highly likely that the price drop will continue and if the bitcoin price drops below $40k it could cause panic selling among small investors and potentially lead to a deeper price drop.

[cheezcarls]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

As of today, some analysts say that we may have already reached the bottom. Last time, it broke the support level of $40k, so most of the speculators claim it might go down to $30k. However, $39k was the lowest before climbing back up to the range of $41k to $42k (just pushed back up to $43k as of this time of posting). Yup, it can be an upward trend as you said but we have to be prepared for the unexpected later on.

[sarmrakib]

Ok, as of late I've been drawing some lines (as practice, mostly), and now I'm more confused than ever. Everybody keeps talking about BTC being bearish, but the lines I drew show it to be on an upwards trend. I'm attaching a screenshot of what I see. The graph is from Binance.

So the magic question would be: what am I missing?

No one can say that, and only with TA also you can't come into any conclusion because there are lot of other factors also affecting the prices of cryptos. We already entered into 2022 and if you take a look at the history of 2017 and 18 there were similar patterns so commonly people get the impression of prices is about the fall so they all might started selling once their panic region started touching,

I think the chart is clearly showing everything positively .Its a clear bullish pattern .I think the thing he miss here the fear and panic sell which we don't able to draw on the chart or pattern .People are really get confused if it behave like 2017 as you mentioned that's the are having to sell their asset they even look into the pattern or chart that's why market are surviving now a bit .Surely it will recover and the chart is telling us that .So we need to patient and hold our asset may be the year 2022 will be huge for crypto holder .

[Shasha80]

Sometimes being a successful investor does need to suffer losses first, so for newbies, please don't give up when they experience losses. The most important thing is that we can learn from the mistakes we have made, so we don't have to make the same mistakes next time. Hopefully my fear that Bitcoin will drop below $40k doesn't come to pass, that's why I always recommend to everyone to buy Bitcoin at the current price. Because if more people buy Bitcoin the price will help to go up.But it would be even better if in the near future some good news emerged regarding Bitcoin, so it will make more and more people invest in Bitcoin.

As a person who has seen the price drop so many times in the past 10 years, I have to say newbies have always been like this and it looks like the "crash" we are having keeps becoming smaller and smaller. I mean remember the 2014 crash, it was horrible and took years to recover, then the 2018 crash and it took lesser years, and then in 2020 we literally had a crash and then a new ATH after that, which shows that there are less and less people who believe that bitcoin will crash and hence they end up not selling too much and the price drops a lot less than usual.

I hopefully can see that this crash will recover quicker than the previous ones as well, 2022 will have a big skyrocketing price for sure, I do not know when that will happen but I am sure that it will happen. Hopefully it will not take too much of time so that we could make some profit.

The history of the Bitcoin movement has taught us all that patience will bring us big profits. Therefore, many people are used to when the Bitcoin
price crashes, because no matter how deep the Bitcoin price goes down, it will always go up again. So what needs to be done when the bearish
trend comes is to remain patient holding the Bitcoins we have, if we have extra money we can use it to buy more Bitcoin, the more we collect Bitcoin,
the greater the profit we generate. Earlier this year the price of Bitcoin was still in a bearish trend, but I'm optimistic it won't last long. Because
many people are more prepared to face the current bearish trend, compared to previous years. I even dare to predict the increase in the price of
Bitcoin in 2022 will be much higher than in 2021. So only people who are patient holding their Bitcoins will enjoy big profits this year.

[AmoreJaz]

Bitcoin is now above $40k again which is I think slightly recovering. Good for those who bought at a lower price. Buying bitcoin is the best strategy while price is cheap and do not fear if it will drop further just buy more and wait until market rise again.

but let's admit that most people were in panic mode when btc started going down. some were even speculating that it will hit 30k level. but the opposite happened, we are now going up again. so if you are in this market, your strategy matters to how you will optimise your gains here. don't follow the fud, just follow your own instincts. because at the end of the day, they don't care about your funds, it is all on you how you will take care of your investments.

[blockman]

Bitcoin is now above $40k again which is I think slightly recovering.

If the price you look to recover is higher than $40k then that's really a slight recovery. But looking back at the price with a year or two, it's more than a slight.

Good for those who bought at a lower price. Buying bitcoin is the best strategy while price is cheap and do not fear if it will drop further just buy more and wait until market rise again.

They deserve it. They're listening to the advice of everyone who tells them to buy when it's low. But to those that will feel bad again for not buying on $40k, they're good to wait again for another correction. But if you're going to calculate the profit of theirs, that's still not that much especially if it's not a whole bitcoin that they've bought. It could be just a couple of bucks for small amounts to hundreds.

[Maslate]

There's a small recovery, this is a good sign for the market, however, I think it's just a small pump but when the bearish mode is more dominant then we can expect more drops in the days to come. We cannot expect a lot after a bull run as based on trends, the market will be bearish afterwards, that's the fact.

[lienfaye]

Regardless on how good we are in making our own technical analysis, we cant accurately predict the movement of Bitcoin because anything is possible to happen. It can move upward, sideways or continue to decline. However this past few days the price is showing good improvement so im thinking the price wont go down further to $40k.

On the other side if we compare the current price to its ATH last year, we can speculate that we might be in bearish season already. However the current price is still expensive if we're going to track the past history of Bitcoin. Hence we should not worry to much and look forward for what future holds.

[BernyJB]

The point (or MY point) is, at least the way I see it, BTC started going up in 2020 and never looked back. It's 100% bullish, not bearish.
Sure, it has big (huge) swings. but not once has it gotten lower than its previous low, and it keep reaching ATH's consistently. Now it's going up. I'm expecting it to keep going up for a few months, until it reaches a new ATH, and then we'll see if it bounces back down or shoots up. 

[Kemarit]

The point (or MY point) is, at least the way I see it, BTC started going up in 2020 and never looked back. It's 100% bullish, not bearish.
Sure, it has big (huge) swings. but not once has it gotten lower than its previous low, and it keep reaching ATH's consistently. Now it's going up. I'm expecting it to keep going up for a few months, until it reaches a new ATH, and then we'll see if it bounces back down or shoots up. 

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

[lixer]

I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

Yes, everyone is expecting like got "programmed" because we are all got used to such 10x growth in previous 2 cycles of bitcoin markets. Repeating of history is most common scenario in all markets hence it seems no one is hesitating to speculate about the possibilities of reaching $100k in this cycle. But, pandemic might be playing a spoiler role here.

people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

We cannot say that we are already into the bear market as bouncing back may happen at any time. Support around $40k is strongly holding and bitcoin is trading positive since last Sunday hence probably we might have reached the bottom of 2022, who knows?

[BernyJB]

What do you think will be the top though this year? I know that everyone is eager to see the price hitting $100,000 because it seems that we have been 'programmed' but some prediction modelling that we are going to hit that price.

However, it didn't and people now see the bear market slowly getting into the picture. So if you are still bullish can we still get into that 6 digits? or a new all time high around $70,000 but not going to reach $100,000?

Wouldn't we ALL love that?
100K! Dammit!
We'll have to wait and see (and keep our fingers crossed). Right now at 43K, if I had a penny I'd put it on BTC. Over time BTC has shown to be more stable than other coins, so I don't know if I'd go as high as 100K, but I wouldn't be surprised if it went over 80 or 85K before the end of the year.
If my lines hold true (and that's a big "if"), it should be hitting 72+K by May. From then on, only time can tell where it goes...
If it breaks the resistance, 100K wouldn't be so far-fetched...