The Deep before the Raise

[Oceat]

I do believe that there is always increasing after downtrending but sometimes this took years and not just overnight so if you are saying that there will be a coming hype sooner?I doubt it because what I believe is that this will took years.

at least after new halving?

5here will never a continued increase for couple of years it is always pumping then dumping.

Yes of course, there will be pump after the dump or a correction after the bull run and it's nothing new. The Bitcoin price will always fluctuate due to different traders all over the world plus there's always a correction after the bull run. This is how the Bitcoin market live they buy and they sell something it doesn't matter what it is they don't seem to have a choice.

Just like what the above said, hodl is the only choice they have or they will be giving the joy to someone if they tend to sell it during that price. I know that the panic meter is in extreme fear but this is just a temporary test so hodl.

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[Yamifoud]

I do believe that there is always increasing after downtrending but sometimes this took years and not just overnight so if you are saying that there will be a coming hype sooner?I doubt it because what I believe is that this will took years.

at least after new halving?

5here will never a continued increase for couple of years it is always pumping then dumping.

Yes of course, there will be pump after the dump or a correction after the bull run and it's nothing new. The Bitcoin price will always fluctuate due to different traders all over the world plus there's always a correction after the bull run. This is how the Bitcoin market live they buy and they sell something it doesn't matter what it is they don't seem to have a choice.

Just like what the above said, hodl is the only choice they have or they will be giving the joy to someone if they tend to sell it during that price. I know that the panic meter is in extreme fear but this is just a temporary test so hodl.

As to see, only those who have a new experience in dumps could think about selling while the rest are holding. This means that people had already learned from their past and are able to make it right now. I was glad to see no major sell-off happen this time, quite unusual compared before but the good this about this is it helps to slow down the drops and might it lead to early recovery as we expected.
It may be, we could see the market is in recovery next month, not that long, not that like 2018-2020 long bearish season.

[STT]

If we just repeat 2021 in 2022 then Im bullish, if we break past 19k then its more serious but I think BTC is fine overall.

This is not a pretty picture so in rough terms, we are quite deep into this.   However just like people warn we rise too much too fast, I dont see its super valid in being this bearish in such an immediate way.   



People just assume all prices are directly correct but I think its more natural we do correct pricing and to be inaccurate is a norm hence why pricing will jump around.    When we move so far in one direction I start to consider the swing back from that push.

Its weekly bars, i should have put a time scale on there but its just a sketch like pricing I think we keep revising price towards greater precision; markets are not an absolute.

[EdenHazard]

If we just repeat 2021 in 2022 then Im bullish, if we break past 19k then its more serious but I think BTC is fine overall.

This is not a pretty picture so in rough terms, we are quite deep into this.   However just like people warn we rise too much too fast, I dont see its super valid in being this bearish in such an immediate way.  



People just assume all prices are directly correct but I think its more natural we do correct pricing and to be inaccurate is a norm hence why pricing will jump around.    When we move so far in one direction I start to consider the swing back from that push.

Its weekly bars, i should have put a time scale on there but its just a sketch like pricing I think we keep revising price towards greater precision; markets are not an absolute.

So you think the jump price from $3k to $60k since the covid19 outbreak last two years was too fast due the hype and $3k to $35k now after the correction is normal and natural one to happen ? i personally think there would be another drop in the coming weeks like $5k more perweek to fall.

and we might stay above $20k - $25k for quite longer time till next halving to get another boost & hyped!

[peter0425]

Bitcoin has continued to follow a similar pattern in its market recovery and stability, if you have focused more attention on the recent bitcoin price movement you will agree with me the fact that when Bitcoin falls back to the 30k region in three early hours of Monday it was the market lowest price for a long time take Bitcoin chat in march 2021 market for a close study since from that time till now Bitcoin has always followed the same pattern in it market movement once it breaks down to 30k region the next bull is around the corner and a great chance to buy the deep.
The year 2022 is showing the sign of following the same pattern when the price recovered back to 42k and since then have been on a positive mode that will trigger a massive bull recovery to a new all-time high.

so what we are having now is more deep than your post here? look at the market now https://coinmarketcap.com/ you can clearly see that bitcoin is heading towards below 30k and if this happens then 20k will be the base level for the year 2022?
if then so what will happens next? more dumping or recovery since the market is legit on downtrend now as we have the best 2021 year.

I do believe that there is always increasing after downtrending but sometimes this took years and not just overnight so if you are saying that there will be a coming hype sooner?I doubt it because what I believe is that this will took years.

at least after new halving?

5here will never a continued increase for couple of years it is always pumping then dumping.

sounds clear and we are now seeing the complete opposite of the past year , from SUper Bullish now we are down to bearish year .

[michellee]

I think there is no effect of current price decline with Covid-19, the price decline caused by other things that have a very impact, market conditions will continue to be corrected until next month, if further investigated the current conditions will be very potential at the price of $ 20K -25 thousand, but market conditions cannot be predicted appropriately for now, so be patient in the next recovery.

I think it is because people think that when the price is down below the high price, it will still make the price go down for more. They panic and think if they do not sell their bitcoin now, they will lose their money so they start selling instantly without thinking more about the chance to go up. They hope that after they sell their bitcoin, they will have more opportunities to buy back at a low price while the price still goes down to $33k. So they are now trying to buy back in $30k-$32k as that is the lower price range they think will be.

[Ziskinberg]

I think there is no effect of current price decline with Covid-19, the price decline caused by other things that have a very impact, market conditions will continue to be corrected until next month, if further investigated the current conditions will be very potential at the price of $ 20K -25 thousand, but market conditions cannot be predicted appropriately for now, so be patient in the next recovery.

I think it is because people think that when the price is down below the high price, it will still make the price go down for more. They panic and think if they do not sell their bitcoin now, they will lose their money so they start selling instantly without thinking more about the chance to go up. They hope that after they sell their bitcoin, they will have more opportunities to buy back at a low price while the price still goes down to $33k. So they are now trying to buy back in $30k-$32k as that is the lower price range they think will be.

Too hard to stop those mindsets and had fallen into their negatives. It can be hard to control their emotions and it was already been infected by their doubts and uncertainties towards the market. Psychologically, once people had see declines, they also think about more drops to come, which is not an unusual thing to hear. However, this new trend that we've seen gives us an opportunity to invest more and so the poor people who miss this in previous years.
This dip can be done soon, will just have to extend our patience, though.

[Drnice]

If we should take a look at the current price of Bitcoin in the market, with records from CMC, we will find out that the price in 24 hours time frame reaching the lows of $32.9k has turned round to $36k+ and still pushing, which is showing some good price swing from the downtrend to an uptrend with strong movements. This could be a very good sign for something good coming into the market. Though, it's just too early. Using the 1 hour time frame, you'll see how far the price has drastically moved on the reverse. I guess this could be the tag we have been looking for. Anything is still possible, but the positive response from the market is what we all wait.

[YinShuiSiYuan]

I think there is no effect of current price decline with Covid-19, the price decline caused by other things that have a very impact, market conditions will continue to be corrected until next month, if further investigated the current conditions will be very potential at the price of $ 20K -25 thousand, but market conditions cannot be predicted appropriately for now, so be patient in the next recovery.

I think it is because people think that when the price is down below the high price, it will still make the price go down for more. They panic and think if they do not sell their bitcoin now, they will lose their money so they start selling instantly without thinking more about the chance to go up. They hope that after they sell their bitcoin, they will have more opportunities to buy back at a low price while the price still goes down to $33k. So they are now trying to buy back in $30k-$32k as that is the lower price range they think will be.

This is a very well-known mechanism and perhaps the most common mistake of new investors. The idea is generally not bad, because by buying back cheaper, we improve our investment position. In practice, however, what is happening is that in most cases the repurchase is made at a price higher than the sale was made.

[carlfebz2]

I think there is no effect of current price decline with Covid-19, the price decline caused by other things that have a very impact, market conditions will continue to be corrected until next month, if further investigated the current conditions will be very potential at the price of $ 20K -25 thousand, but market conditions cannot be predicted appropriately for now, so be patient in the next recovery.

I think it is because people think that when the price is down below the high price, it will still make the price go down for more. They panic and think if they do not sell their bitcoin now, they will lose their money so they start selling instantly without thinking more about the chance to go up. They hope that after they sell their bitcoin, they will have more opportunities to buy back at a low price while the price still goes down to $33k. So they are now trying to buy back in $30k-$32k as that is the lower price range they think will be.

This is a very well-known mechanism and perhaps the most common mistake of new investors. The idea is generally not bad, because by buying back cheaper, we improve our investment position. In practice, however, what is happening is that in most cases the repurchase is made at a price higher than the sale was made.

Cant really be avoided because determining the bottom price is the most hardest part when you are doing trading or even investment on which you couldnt be sure if its the right time to get in or not
and its a normal behavior that we do start to accumulate when it is starting to rise.

A market couldnt really be just having one or single path to take.If there would be some raise then there would be always a dump or decrease.If volatility doesnt exist then we wont really be

seeing this kind of level of support in the community and also it couldnt be called a market on on the first place.

[lalabotax]

I think there is no effect of current price decline with Covid-19, the price decline caused by other things that have a very impact

Covid 19 should cause an impact but not really big as previously. The current drop is mostly caused by manipulation and bad news about Bitcoin. I think these two factors that have a big role to lead crypto market to the current situation.

if further investigated the current conditions will be very potential at the price of $ 20K -25 thousand, but market conditions cannot be predicted appropriately for now

How do you know Bitcoin potentially drops to $20k-$25k? Instead, some analysts believe that Bitcoin will increase again gradually in the next month. The worse Bitcoin price may be around $30k, then the price has an opportunity to increase again above $50k. I don't know which prediction is correct, but I am still confident about the next recovery.

[Baofeng]

If we should take a look at the current price of Bitcoin in the market, with records from CMC, we will find out that the price in 24 hours time frame reaching the lows of $32.9k has turned round to $36k+ and still pushing, which is showing some good price swing from the downtrend to an uptrend with strong movements. This could be a very good sign for something good coming into the market. Though, it's just too early. Using the 1 hour time frame, you'll see how far the price has drastically moved on the reverse. I guess this could be the tag we have been looking for. Anything is still possible, but the positive response from the market is what we all wait.

Well hopefully it is a good sign, but we can't tell for sure as the sentiments really turns into a bearish one and I would say that retail investors are pulling out their investments right now. Maybe they will get back in the market when we hit $20k-$25, but we knows. So what I'm saying is that we should prepare for the worst in the coming months as it looks like they is turning out to be a bad year for bitcoin market. Bad year in a sense that we are in the start of a bear trend.

[justdimin]

hopefully it is a good sign, but we can't tell for sure as the sentiments really turns into a bearish one and I would say that retail investors are pulling out their investments right now. Maybe they will get back in the market when we hit $20k-$25, but we knows. So what I'm saying is that we should prepare for the worst in the coming months as it looks like they is turning out to be a bad year for bitcoin market. Bad year in a sense that we are in the start of a bear trend.

I do agree that, we are seeing something that is a bit different here. I mean we all want to feel a bit better about things, we want to feel that we are at the bottom now and we want to see it recover and get better. However, sometimes life is not that easy, sometimes it feels a bit more like it goes against everything we want to. You know those days, like somehow the whole world is against you, everything goes wrong and whatever could go wrong ends up happening.

So, I would say that there is a good case bad things could keep happening, price keep going down, it is not impossible. However, I hope that it doesn't happen that way and we end up with a great return on our investments. Not that it "will" happen, or even should, but it would be nice if it happened.

[Mamun74]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

[Wawa2013]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

Now Bitcoin is starting to slowly rise again, having previously dropped below $35k. Of course I hope the price of Bitcoin continues to rise,
because I still believe the price of Bitcoin this year will be better than in 2021. Therefore we must not panic and sell our Bitcoins in a situation
like now, sometimes the price of Bitcoin needs to decrease first, to be able to go much higher. That's how Bitcoin works, so no need to worry
if the price of Bitcoin drops deep enough in early 2022, but slowly the price of Bitcoin will rise again and the next price will go up very high in 2022.
So never doubt the future of Bitcoin, take advantage of low prices like now to continue to collect as much Bitcoin as possible.

[Silberman]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

We are going to have to take a wait and see policy when it comes to bitcoin, even if the WHO claims the pandemic is close to come to an end many people still do not believe it, and when we take not account the difficult political situation that is forming around the world then it is going to be difficult that we see a recovery of bitcoin during the next days and weeks, if you are a long term holder this should not be a problem, but it could be for those that are day traders or need to sell their bitcoin because of an emergency.

[uneng]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

Now Bitcoin is starting to slowly rise again, having previously dropped below $35k. Of course I hope the price of Bitcoin continues to rise,
because I still believe the price of Bitcoin this year will be better than in 2021. Therefore we must not panic and sell our Bitcoins in a situation
like now, sometimes the price of Bitcoin needs to decrease first, to be able to go much higher. That's how Bitcoin works, so no need to worry
if the price of Bitcoin drops deep enough in early 2022, but slowly the price of Bitcoin will rise again and the next price will go up very high in 2022.
So never doubt the future of Bitcoin, take advantage of low prices like now to continue to collect as much Bitcoin as possible.

It's early to say it yet, because the scenario isn't solid at bitcoin's favour. We have seen a nice fluctuation up to 37,475$ today, but the price is already bouncing back to 36,632$ again. To make sure bitcoin is really recovering, this pattern must repeat itself for the next days until a new support level becomes clear enough in a higher price range than the one we currently have.
For now, the market continues looking bearish and to revert this situation fantastic news are needed. Average news like "bitcoin rised 8%", "investment funds buy 14 million dollars in bitcoin" aren't enough to push btc up. Something bigger is needed...

[TravelMug]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

Now Bitcoin is starting to slowly rise again, having previously dropped below $35k. Of course I hope the price of Bitcoin continues to rise,
because I still believe the price of Bitcoin this year will be better than in 2021. Therefore we must not panic and sell our Bitcoins in a situation
like now, sometimes the price of Bitcoin needs to decrease first, to be able to go much higher. That's how Bitcoin works, so no need to worry
if the price of Bitcoin drops deep enough in early 2022, but slowly the price of Bitcoin will rise again and the next price will go up very high in 2022.
So never doubt the future of Bitcoin, take advantage of low prices like now to continue to collect as much Bitcoin as possible.

It's early to say it yet, because the scenario isn't solid at bitcoin's favour. We have seen a nice fluctuation up to 37,475$ today, but the price is already bouncing back to 36,632$ again. To make sure bitcoin is really recovering, this pattern must repeat itself for the next days until a new support level becomes clear enough in a higher price range than the one we currently have.
For now, the market continues looking bearish and to revert this situation fantastic news are needed. Average news like "bitcoin rised 8%", "investment funds buy 14 million dollars in bitcoin" aren't enough to push btc up. Something bigger is needed...

Again, with a huge jump to $37k, one can really wonder how the price like bitcoin rises like this one in a day or 48 hours after when people starts discrediting it again with FUD and other other.

Perhaps it just shows how bitcoin is really very resistant and resilient with this FUD because it was able to rise again. Hopefully though we will touch on $40k again because it's the biggest barrier for now. Nevertheless, we still have a long way to go before we can reach another all time high this year.

[uneng]

Bitcoin price previous this similar time was deep but bitcoin price touched $65k+ in 2021.Now bitcoin price little dip and recent price $37k+. Few days ago bitcoin price under $35k+.I hope bitcoin price will be more and more increase this year and i Think crypto market will be green again this year.All coin depends on bitcoin price.

Now Bitcoin is starting to slowly rise again, having previously dropped below $35k. Of course I hope the price of Bitcoin continues to rise,
because I still believe the price of Bitcoin this year will be better than in 2021. Therefore we must not panic and sell our Bitcoins in a situation
like now, sometimes the price of Bitcoin needs to decrease first, to be able to go much higher. That's how Bitcoin works, so no need to worry
if the price of Bitcoin drops deep enough in early 2022, but slowly the price of Bitcoin will rise again and the next price will go up very high in 2022.
So never doubt the future of Bitcoin, take advantage of low prices like now to continue to collect as much Bitcoin as possible.

It's early to say it yet, because the scenario isn't solid at bitcoin's favour. We have seen a nice fluctuation up to 37,475$ today, but the price is already bouncing back to 36,632$ again. To make sure bitcoin is really recovering, this pattern must repeat itself for the next days until a new support level becomes clear enough in a higher price range than the one we currently have.
For now, the market continues looking bearish and to revert this situation fantastic news are needed. Average news like "bitcoin rised 8%", "investment funds buy 14 million dollars in bitcoin" aren't enough to push btc up. Something bigger is needed...

Again, with a huge jump to $37k, one can really wonder how the price like bitcoin rises like this one in a day or 48 hours after when people starts discrediting it again with FUD and other other.

Perhaps it just shows how bitcoin is really very resistant and resilient with this FUD because it was able to rise again. Hopefully though we will touch on $40k again because it's the biggest barrier for now. Nevertheless, we still have a long way to go before we can reach another all time high this year.

I hope you are right, because here we are one day after my previous post, and bitcoin keeps showing positive fluctuations, already hiting 38,300$ right now. If we continue on this trend, one more day or so and we touch the 40,000$ mark mentioned by you. That would be great for now! Although I'm fearful because recent news say IMF (International Monetary Fund) is forcing El Salvador to give up on bitcoin as legal tender. Theoretically El Salvador is a sovereign state, so no foreigner agents, institutions or funds can impose nothing to them. On the other hand, I have read El Salvador wants a loan of 1,3$ billion dollars from IMF, so there could be a serious bargain going on and the main prejudiced may be bitcoin.

[romero121]

This can be the deep before the raise. In reality the market reaction is due to several reasons that are connected. The FED meeting that has got postponed is stated as a reason for the market to get pushed some extent and fall back below $36k. Now institutions and whales consider it an opportunity to accumulate bitcoin. There is no change in the dollar inflation rate and the same is being postponed to the March month. The US dollar index is found above 97% strengthening the dollar. This has reflected on the global market decline along with cryptocurrency market.