No strength in Bitcoin in higher time frames

[STT]

Sadly price failed to hold the 50 day average, the recent top was 200 day average so its been pretty negative since peaking at that point.    At best right now neutral would be the most reasonable view.



We do have a longer term uptrend underpinning the lows of most of this year and further back.    Continual testing would presumably not be positive longer term, it requires some of this momentum shown via MA to accumulate upwards some.

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[fzkto]

It looks like bitcoin has now bounced back from a local bottom. Exactly the same was true last week, when the market drop on Monday ended with bitcoin rising. If that is the case, then I agree that bitcoin and altcoins will rise in the short term. Probably in the long term such volatility can be called an accumulation.

[kotajikikox]

It looks like bitcoin has now bounced back from a local bottom. Exactly the same was true last week, when the market drop on Monday ended with bitcoin rising. If that is the case, then I agree that bitcoin and altcoins will rise in the short term. Probably in the long term such volatility can be called an accumulation.

this is a very normal answer , Bitcoin will rise short term? but when will this be? because as far as i remember?  bitcoin can increase today and it can decrease tomorrow .
so why instead of assuming big growth ,  when we can just enjoy in lower income .
so yes forget greediness but learn how to keep small income but at least surely .

[19Nov16]

Today Market Fall Again is more than 5% and back dropped below $ 40K, for the Pope, of course this is a good opportunity to buy again because I'm sure the market will skyrocket again, usually after dropping below $ 40K, there will be more pumping so that it will occur so that pumping will occur again so that there will be pumping again so that Prices will skyrocket in a short time.

[bubidan.id]

I see bitcoin is indeed in a bear phase in a small time frame, which makes many investors prefer to sell it. But you can see in the big time frame that bitcoin will correct before continuing to rise, actually this correction is a very good time to buy.

[Marvell1]

Today Market Fall Again is more than 5% and back dropped below $ 40K, for the Pope, of course this is a good opportunity to buy again because I'm sure the market will skyrocket again, usually after dropping below $ 40K, there will be more pumping so that it will occur so that pumping will occur again so that there will be pumping again so that Prices will skyrocket in a short time.

It is unlikely that the market will bounce back from this price, but at the current price we can start buying. We are in bear season, best still be careful not to be too greedy or you will have to pay dearly. The market is unpredictable. When the market is moving so unpredictable like this, I choose to stay out instead of thinking we are at the bottom. As for the market, we still have a chance to make money so don't be too hasty.

[marine4u]

When the market is moving so unpredictable like this, I choose to stay out instead of thinking we are at the bottom. As for the market, we still have a chance to make money so don't be too hasty.

I've always been an investor looking forward to this.  A bounce is certain, but I think the market will need to sustain and consolidate around this $38k resistance before spurring more healthy price action. 

Market sentiment is dire and it's time to move plans into focus for bitcoin.  Assuming the market ends April at $40k in bitcoin, not a bad thing, even I think it's a bigger win after the series of FUD socks still going on.  Lol

Buyers with a long-term plan will see prospects at a favorable price, traders will want to buy at this price with a large position for profit.  That's the market, the consolidation needs a base and a single point to increase sharply.

[ShowOff]

It is unlikely that the market will bounce back from this price, but at the current price we can start buying. We are in bear season, best still be careful not to be too greedy or you will have to pay dearly. The market is unpredictable. When the market is moving so unpredictable like this, I choose to stay out instead of thinking we are at the bottom. As for the market, we still have a chance to make money so don't be too hasty.

After the recent price correction to $37.7K, today bitcoin is back up to $39K price which means there is an increase in demand in the market when the downturn appears. Sure we're in a tough period to see bitcoin in a bull market, but that wouldn't make me think the price will correct more than 50% of its previous ATH any time soon.

The upside potential is always there, of course, but I think it's difficult for bitcoin to break through $50K in the near term or during 2022. It was noted that the highest price in the last 4 months was $48K, and it happened at the end of last March and early january.

[fullhdpixel]

It looks like bitcoin has now bounced back from a local bottom. Exactly the same was true last week, when the market drop on Monday ended with bitcoin rising. If that is the case, then I agree that bitcoin and altcoins will rise in the short term. Probably in the long term such volatility can be called an accumulation.

this is a very normal answer , Bitcoin will rise short term? but when will this be? because as far as i remember?  bitcoin can increase today and it can decrease tomorrow .
so why instead of assuming big growth ,  when we can just enjoy in lower income .
so yes forget greediness but learn how to keep small income but at least surely .

And that is also normal that a drop is always followed by a rise because that is how this cycle works. A short term has no specific date. It can be a day or two, a week or a month but longer than that is not considered to be short term anymore.

What he answered above was normal but is there a problem with that? What response are you expecting here? He is just an ordinary guy like everyone else and he will be lying if he says an exact date or if he will say that the price will rise long term (if this is what you wanted to hear). But, indeed being greedy is not good however having patience to hodl for long term doesn't also mean that they are greedy.

[barbara44]

Bitcoin looking weak and not going down wouldn't be a total surprise, it has done that before and it will probably do it again. I am guessing that there is a 50-50% chance as always for it go up as much as for it to go down. However, we should still be careful because it seems like there is a bit of a problem with the current market and it looks like there isn't enough hype.

This isn't just data any more, people are losing hope and excitement about bitcoin which is the most dangerous thing. If the data shows that it will go down, a hyped group of people who create a big enough noise could turn that around, but if the community loses hope, regaining it takes a long time.

[buwaytress]

This isn't just data any more, people are losing hope and excitement about bitcoin which is the most dangerous thing. If the data shows that it will go down, a hyped group of people who create a big enough noise could turn that around, but if the community loses hope, regaining it takes a long time.

Dangerous for short term speculation sure, but if you're like most long-termers waiting patiently for the next rally (or let's say even the next ATH), then every dip's just a ridiculous opportunity (just as whales constantly do, as recently as the last weekend).

I'd much rather this "hyped group of people" pour on the noise, find a floor, drain out the weak hands and decide once and for all (for now) where the bottom is, and build up from there.

[dezoel]

I get that it could be looking negative for the time being, but that negative is basically people are not really interested in the upwards trend right now and nothing else. I get that it is not going to be that simple, and I know that it is going to be a quite good long time before we get there, but even a good hype news could change everything in a single second.

I personally believe that the negative outlook for the future will change, and not after it drops, I believe it will change before it drops. We will probably hit under 39k, but then we are going to go towards 42k+ very soon, like next week at the start of the month levels of soon, then it is just going to go up until it can't, no idea where it will stop.

[Hypnosis00]

I get that it could be looking negative for the time being, but that negative is basically people are not really interested in the upwards trend right now and nothing else. I get that it is not going to be that simple, and I know that it is going to be a quite good long time before we get there, but even a good hype news could change everything in a single second.

I personally believe that the negative outlook for the future will change, and not after it drops, I believe it will change before it drops. We will probably hit under 39k, but then we are going to go towards 42k+ very soon, like next week at the start of the month levels of soon, then it is just going to go up until it can't, no idea where it will stop.

Bitcoin will drop more before the surge will start.
I'm also an optimistic person but sometimes we also look at the negative side of the market as this may happen usually after the peak period which is the last year 2021. This year 2022 seems to be a difficult year for crypto again but this serves as an opportunity for the investors, in fact, many are also waiting for this bear season to come. But as the accumulation has been done, we gonna expect a slow recovery in the latter part of this year, that gonna be in the 4th quarter.

[Tellek Garing]

Some time I can't stop to wonder why some forks will use Bitcoin immediate conditions to forecast the future, we have seen from past event how Bitcoin price movement have hard direct impact on the altcoin market this is so because the stock market is an inter depending chain that work together and any time there is a sharp drop in the price of a major assets is will result in drastic drop on smaller asset in the same ecosystems.

Bitcoin from history have hard a back and forth price movement and to me the present Bitcoin market conditions is not a bear market yet as the percentage loses in the price is not up to bear lose, we are in a mixture of bull and correction mode but the direction the market will take that is what will determine the condition of the market either the bear market a a full bull run.

[Jating]

Some time I can't stop to wonder why some forks will use Bitcoin immediate conditions to forecast the future, we have seen from past event how Bitcoin price movement have hard direct impact on the altcoin market this is so because the stock market is an inter depending chain that work together and any time there is a sharp drop in the price of a major assets is will result in drastic drop on smaller asset in the same ecosystems.

Perhaps they are forecasting for short term and obviously, maybe they are a day trading and wanted to see the price movement before making their move.

Bitcoin from history have hard a back and forth price movement and to me the present Bitcoin market conditions is not a bear market yet as the percentage loses in the price is not up to bear lose, we are in a mixture of bull and correction mode but the direction the market will take that is what will determine the condition of the market either the bear market a a full bull run.

Lol, if the price is going down from our last all time high, then we are in a bear market already. The conditions are already here, admit it or not. The current price is like 40%++ below the last all time high of $69k. So for the majority this is like the 2018 bear market, or history repeating itself, the 4 year cycle.

[STT]

Its not a bear market, we've just gone sideways for about a year.  In momentum terms its a flat to neutral slow market but we arent really negative in big terms.


Sum total people shouldnt be so negative in their outcome, despite the pullback its not a grand move or spiral downwards.   Blue line is here is a yearly average, last year we were of course positive and remained above it till December and since then we've been in a decline but in the two years we went sideways after gaining a massive amount and thats the part that matters still now.

[Yamifoud]

Its not a bear market, we've just gone sideways for about a year.  In momentum terms its a flat to neutral slow market but we arent really negative in big terms.


Sum total people shouldnt be so negative in their outcome, despite the pullback its not a grand move or spiral downwards.   Blue line is here is a yearly average, last year we were of course positive and remained above it till December and since then we've been in a decline but in the two years we went sideways after gaining a massive amount and thats the part that matters still now.

I was not able to see and compared the chart in a 1-year time frame.
The patterns seem to look the same and it was not really to say that we are totally on the bearish side but if we see a closer time frame like 1 month, we can see a huge dump, a continuous dump that appears to our mind as bearish season.

But if the current situation never changes, I'm really going to say that this was not just a common market correction, it is likely we turn to bearish again.

[asrinur]

I think the price of Bitcoin will continue to rise in the short term and this can be seen when the bitcoin price is currently trading in the $39k-$38k range. Although Bitcoin price movements may still experience a correction from the current price, it seems that we are not moving in a bear market anymore.

[Sled]

I think the price of Bitcoin will continue to rise in the short term and this can be seen when the bitcoin price is currently trading in the $39k-$38k range. Although Bitcoin price movements may still experience a correction from the current price, it seems that we are not moving in a bear market anymore.

Even though we can't believe that the market will turn down again as we think the adoption helps it to keep high. However, the situation seems to change, sometimes we have to accept the thing that the market is not bullish always, and the bear season may come as well. Whether we like it or not, we can't hold the market to keep at $40k, the trend isn't looking good as it continues to decline. Of course, we can't lose our hopes as surely the market recover sooner but for now, we face in the big challenge again.

[StreakW]

I think even though in the last few weeks the price of bitcoin has fallen below the $40k area, it doesn't look like bitcoin is going to move in a bear market. I see the current price decline as a move to breakout again and the bitcoin price has the potential to retest to the $42K area.