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[Symmetrick]

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[Dhaniii]

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:



Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

I think the bitcoin market is still in a weak state due to a lot of growth challenges due to the ongoing threat of war. investors are better off choosing silence than hastily adopting bitcoin when the threat of war is getting bigger. I think this could trigger investor behavior to wait for the right time to re-adopte large amounts of bitcoin when the bear market can be fully brought under control again.

[stompix]

According to murphy's laws and the usual way things go in this board invalidating a topic title in less than a week in most cases, there is a high chance to go bullish from now on.    Honestly, I don't think so either, probably we're going to be in a whole lot of annoying swings taking us closer to the 30k mark, but I don't think we will go below.

Long term everything could happen, there is a scenario for every direction and all look realistic to me:
- war is over, China goes back to normal, the fear of another economic crisis goes away everyone turns bullish again
- the situation goes on, purchasing power is eroding, less money to be spent on investment, companies become less anxious to throw money at everything, we have to counterbalance $30million of printed coins each day, we go down
- we keep going from positive to negative with both bullish and bearish news till something really big happens, and when I say big something beyond a part of a city on an island in Honduras accepting BTC

For the next 3 months, probably the best plan is not to care about the price that much, small talk is ok but leverage trading not so much.

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower.

Why is this so obvious? Would you risk all your coins shorting?

[Coin_trader]

There’s no news to support a bullish trend while whales accumulating price is near the 30Kish price. There’s also abad news on world economy so expect bullish sentiment with all this negative events happening global. I doubt that we will bounce back anytime soon unless we receive a big news that will gonna benefits Bitcoin specifically. DCA every 1000 decline is what I’m doing if ever Bitcoin break the current strong support around 38k. Trade safe brothers.

[Oshosondy]

If bitcoin behaves the same as in the past, anything can happen, you can not predict bitcoin price over short time, even if you are correct, that does not mean your prediction is right. The best prediction you can have is over long term which is bullish, that is why people that hold at $40000 will never lose but gain, which can take long period of time. The market can be bullish or bearish this time.

Although, if I have to chose one, indicators for days and weeks are showing bearish while for hours and minutes are showing bullish, even if I buy this time, it will not be long when I will sell, it will just be a matter of minutes or hours, which I have done already and sell and make profit when I buy fee minutes ago.

But to analyse if the market will be bearish or bullsih over short time period, the conclusion may not be accurate, even if accurate, do not think you get it right. That is why analysts analyses are not always the same and the result can also be different from what will actually happen.

[sunsilk]

As usual, it's unknown what lies ahead within the next 3 months. I thought that this support of $40k could stand for at least half of the year.

But that's still possible, we're still 2 months from that half-year. Needless to say, just be ready for whatever happens. Whether it will go below $35k or $30k.

[Tytanowy Janusz]

Long term everything could happen, there is a scenario for every direction and all look realistic to me:
- war is over, China goes back to normal, the fear of another economic crisis goes away everyone turns bullish again
- the situation goes on, purchasing power is eroding, less money to be spent on investment, companies become less anxious to throw money at everything, we have to counterbalance $30million of printed coins each day, we go down
- we keep going from positive to negative with both bullish and bearish news till something really big happens, and when I say big something beyond a part of a city on an island in Honduras accepting BTC

4 - FED is rising interest rates, price of assets are falling down, GDP is falling down, recession is starting. FED throws down the towel and reduce interest rates to zero and than below zero (there are signs of that in option market - https://www.youtube.com/watch?v=Bs_XwgDguB8&ab_channel=GeorgeGammon). FED starts to print as much as it is possible as long as dollar has any value. Bitcoin is going to 1 mln $ but $ have 1/5 of current purchasing power. And I think its the most possible scenario for long term.

What awaits bitcoin in the medium term, at least in the next 3 months?

In 3 months? i think that bear trap with dump to 29k is possible looking at how chart is acting now. Locking all bear below support and than push up.

[Pesona1]

There’s no news to support a bullish trend while whales accumulating price is near the 30Kish price. There’s also abad news on world economy so expect bullish sentiment with all this negative events happening global. I doubt that we will bounce back anytime soon unless we receive a big news that will gonna benefits Bitcoin specifically. DCA every 1000 decline is what I’m doing if ever Bitcoin break the current strong support around 38k. Trade safe brothers.

After briefly touching the price of $42K, bitcoin is now correction again and has the potential to fall even further if there is no positive sentiment in the near future, the current decline may still be related to the classic about issue of the FED plan to raise interest rates in May, before reaching the month of May maybe we will see the market continues to fluctuate erratically so that it might cause fear for us if bitcoin will return to prices below $30K.

[bocyaj]

Bitcoin continues to show bearish sentiment. Today, an uptrend was broken, which lasted for 3 months:



Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower. Fundamentally, there are no strengths now that would favor the growth of bitcoin.

Bitcoin has not even been able to recoup half of its fall, which began in November last year. We couldn't hit the 50,000 mark, never reaching that peak this year.

What awaits bitcoin in the medium term, at least in the next 3 months?

The new dump will gonna touch the value of 38k dollars in few days.Now the saturation of the price of bitcoin will be 38k dollars to 41,500 dollars.So set this value to buy and sell the bitcoin.Whenever the price of bitcoin will reach 38k dollars or below that,kindly fill up your pocket with good amount of the bitcoin.In few months,it very easy to earn huge profit from it.

[philipma1957]

According to murphy's laws and the usual way things go in this board invalidating a topic title in less than a week in most cases, there is a high chance to go bullish from now on.    Honestly, I don't think so either, probably we're going to be in a whole lot of annoying swings taking us closer to the 30k mark, but I don't think we will go below.

Long term everything could happen, there is a scenario for every direction and all look realistic to me:
- war is over, China goes back to normal, the fear of another economic crisis goes away everyone turns bullish again
- the situation goes on, purchasing power is eroding, less money to be spent on investment, companies become less anxious to throw money at everything, we have to counterbalance $30million of printed coins each day, we go down
- we keep going from positive to negative with both bullish and bearish news till something really big happens, and when I say big something beyond a part of a city on an island in Honduras accepting BTC

For the next 3 months, probably the best plan is not to care about the price that much, small talk is ok but leverage trading not so much.

Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower.

Why is this so obvious? Would you risk all your coins shorting?

 28.8k to 69.5k is the slot.

Any talk of bull and bear is bs until we leave the slot.  This is a crab market (i.e. sideways)

I would delete all threads with bull and bear in the title as this is and has been crab from Dec 2020 to April 2022 just about  17-18 months.  Very much like the 70's were with high inflation and slotted stock market patterns.


at op get yourself some popcorn and watch the movie "sideways"

[LFC_Bitcoin]

Yeah don’t expect any real, parabolic bullish upswings until after the next halving in 2024. We will moon again but not until 2024/25. I expect north of $150,000 in 2025 but don’t expect any big up movement for a while. We’ll be heading sideways for a while, before bottoming under $30,000 at some point in 2023.

Buy with everything you have on the way down. Don’t panic sell, look to the medium to long term for ATH’s.

[Falconer]

Yeah don’t expect any real, parabolic bullish upswings until after the next halving in 2024. We will moon again but not until 2024/25. I expect north of $150,000 in 2025 but don’t expect any big up movement for a while. We’ll be heading sideways for a while, before bottoming under $30,000 at some point in 2023.

Buy with everything you have on the way down. Don’t panic sell, look to the medium to long term for ATH’s.

Sideway is more likely now than to say bitcoin will be on a bearish cycle. I'll probably shoot $30K as the lowest price in this cycle in the next few months until next year even though it's always possible to enjoy under $30K again. But in case it had a cyclical reversal, then I think it would just stop at $50K.

Buy dips and accumulate as long as we can, it's a smart solution to hope that after the next halving we will see new ATH again. But of course this is not the worst period for bitcoin although crashes can always occur at any time.

[STT]

The low trend of the last few months aligns with a similar trend of a year ago hence I have them on the same gradient and dont consider it broken just yet.   Certainly seems to be challenged and might break but we have to confirm that on weekly bars to be sure most likely.  BTC continues to disappoint those who expected more but I think overall its quite neutral and so still positive longer term in my view considering all the gains made in the last couple years we can hardly conclude it as bearish overall.

[Oilacris]

Yeah don’t expect any real, parabolic bullish upswings until after the next halving in 2024. We will moon again but not until 2024/25. I expect north of $150,000 in 2025 but don’t expect any big up movement for a while. We’ll be heading sideways for a while, before bottoming under $30,000 at some point in 2023.

Buy with everything you have on the way down. Don’t panic sell, look to the medium to long term for ATH’s.

Sideway is more likely now than to say bitcoin will be on a bearish cycle. I'll probably shoot $30K as the lowest price in this cycle in the next few months until next year even though it's always possible to enjoy under $30K again. But in case it had a cyclical reversal, then I think it would just stop at $50K.

Buy dips and accumulate as long as we can, it's a smart solution to hope that after the next halving we will see new ATH again. But of course this is not the worst period for bitcoin although crashes can always occur at any time.

Basing on TA's then it would take a while before we would be seeing 50k+ price and its true that we might be seeing 30k-ish price condition on next month to come and might go even lower?

Everything could be possible but of course it would be needing to break lots of supports which i doubt that the price wont really be breaking below 35k but lets hope that wont really be happening
but its not bad since these are the right time to accumulate cheaper coins.

[ajochems]

When the bear market was begins by the current market situation.Like this situation was happened in a many period.The demand was the cause for the pump and dump.But when the dump occurs,it take huge time recover to the old value.The main reason for the dump is war and economic change.Their was huge possibility for the further reduction in the price of bitcoin.

[Jating]

I will say that we might be in worst situation in the next 3 months. Specially if the war continues in Europe, it will have a drastic effect not just in crypto but the rest of the financial markets.

And so the cycle continues, there is no super cycle that we might initially thought that is going to happen since bitcoin narrative has change. We will have to wait for the next catalyst (bitcoin halving), to see the bulls back in action in a massive scale.

[Fundamentals Of]

Ever since 2022 entered, the price of Bitcoin is only moving within $30,000 and $50,000. It never went lower than $30,000 but also did not go past $50,000. If nothing too big will happen in the market, the price might just go sideways within these borders for some time. Surely there are ample of good news but it seems these good news are balanced out with bad news, so the result is a sideway movement of Bitcoin. It couldn't explode as it also couldn't fall hard.

[cabron]

Should the lines drawn your way or this way? I'm not usually checking breakouts. But if what I drawn below is what I'm going to base my decision I think its not breaking out yet.




But then anyway, there is a recession which they are saying that will continue up to 2023 and  there is also inflation. If they says so it will happen and its good to  use the money  today to buy supplies than keeping it in USD because the prices of products keeps rising.  It's difficult times I guess.

[adaseb]

Markets are incredibly bearish after the fed hinted that a 75 bps rate hike is on the table. Even if he wasn’t serious the market was still spooked. Also look what is going on to the bond markets.

Today the stock markets had a nasty 3% down day. So I am not surprised we ended up breaking $40K. However in the grand scheme of things. Bitcoin is holding up pretty well to most other stocks and assets given all this political mess we are in.

[marine4u]

I think the market is polarizing right now because of the chaos around, basically I don't see it pulling back but the current pressure hasn't been broken yet.  the impact of war is not the basis for bitcoin to hold this contraction, FUD persists and I doubt the bear market will continue while I very much expect a consolidation.  Lol, the market still hasn't given up on optimism trying to get to 42k before the bullshit returns.  In this situation, patience will determine the next journey of bitcoin.