Bearish market continues?

[Oshosondy]

https://twitter.com/glassnodealerts/status/1523486793403838464?s=20&t=8PlfpoVcogJ02Ln_wchrbQ

 #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC

Previous 3-month high of 1,729.605 BTC was observed on 08 May 2022

View metric:
https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


The price of bitcoin has started to fall since on the 07th, yesterday was just the continuation of a massive fall. Bitcoin whales are reducing and the exchanges inflow has been on the high since 3 months ago.  Inflow means that whales and other people that have bitcoin on wallet are moving it to exchanges. Whales prefer cold wallets, they do not leave coins on exchanges, they are mostly doing it to sell and bitcoin price fall.

https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


This means whales are selling which result to panic selling. But can this indicate that more bitcoin would still be sold in a way the dip would be below $30000? Bitcoin is around $32800 presently but the market is still bearish.

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[Slow death]

about this whale issue is still something that is not absolutely certain, maybe they are moving their coins to sell as you say, or maybe they are moving their coins to temporarily store and sell little by little or maybe, but on this issue of the price falling or not below $30,000, we need to see to what extent the support that is at $32000 will resist, if it breaks easy and keeps falling then when it reaches $30,000 it will drop below $30,000, but at $28000 - $29000 there is another very strong support and at this level we have to be more attentive because if price just touch this level and immediately go up to $30,000 - $32,000 then we will know that it will not be easy to fall below $30,000

[Ararbermas]

Perhaps it will continue based of the structure in the market and in my view it is because of the situation as well that seems common reason of panic selling as its very obvious that it's constantly a downtrend.
And for me surely this will become more worst since there's no sign of uptrend till this day.

[bittraffic]

Perhaps it will continue based of the structure in the market and in my view it is because of the situation as well that seems common reason of panic selling as its very obvious that it's constantly a downtrend.
And for me surely this will become more worst since there's no sign of uptrend till this day.

With the world economy today and the Bitcoin bear market, its sure to plunge deeper. If its going to dip below $20k, this really will discourage the new investors who come into crypto since 2021. They have not experienced this tragic event that somehow some speculators are already expecting to happen.

There is a support that once the price hit at $29k, I think will bounce. Just a something that I would hope. Maybe it will bounce again after it.

[Beparanf]

This kind of strong bearish movement is always happening when the price is near the strong support zone. We might experience a quit dip but this signifies also as potential reversal since whales that will sell on this price area is just doing a cut-loss or minor TP so there's no way this will continue on much lower price as many expected since there will be new investors that will enter to to take the weak hands place.

[DU18]

https://twitter.com/glassnodealerts/status/1523486793403838464?s=20&t=8PlfpoVcogJ02Ln_wchrbQ

 #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC

Previous 3-month high of 1,729.605 BTC was observed on 08 May 2022

View metric:
https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


The price of bitcoin has started to fall since on the 07th, yesterday was just the continuation of a massive fall. Bitcoin whales are reducing and the exchanges inflow has been on the high since 3 months ago.  Inflow means that whales and other people that have bitcoin on wallet are moving it to exchanges. Whales prefer cold wallets, they do not leave coins on exchanges, they are mostly doing it to sell and bitcoin price fall.

https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


This means whales are selling which result to panic selling. But can this indicate that more bitcoin would still be sold in a way the dip would be below $30000? Bitcoin is around $32800 presently but the market is still bearish.

There is nothing we can do now other than hope the market will improve again, in the last week bitcoin price has fallen more than 13.16% and if bitcoin is able to break through the $30k-$29k support area maybe we will look further decline, in the last 2 months bitcoin only played at $40 to $45k, but after the FED announced their decision a few days ago, the bitcoin price has decreased significantly and if we look at the current conditions, it is very likely that bitcoin will again reach the price level lowest in the last year.

[OgNasty]

It certainly feels like the sky is falling. We’re cleaning all the leverage out of the system. This can be a long and drawn out process. With the world’s most famous leveraged  Bitcoin holder having a cost basis of $30,700 and a liquidation level of $21K, I think we may see this dip go just a bit further. Michael Saylor has been a little bit irresponsible with his leveraged buying and I have a feeling that the Bitcoin market may just teach him a lesson before this drop is finished. That would seemingly be the most fair ending to this cycle. With mtgox coins on the way, I wouldn’t discount Bitcoin showing the billionaires it has it’s limits to what manipulation it will allow.

[dunfida]

This kind of strong bearish movement is always happening when the price is near the strong support zone. We might experience a quit dip but this signifies also as potential reversal since whales that will sell on this price area is just doing a cut-loss or minor TP so there's no way this will continue on much lower price as many expected since there will be new investors that will enter to to take the weak hands place.

Expect the unexpected since it always been like this or not really that something new in speaking with sudden decline or dips without even knowing on what is the precise reason on why its really happening.

It would be particular pointed out on Whales selling, fuds, news or events, taking profit kind of reasoning which we couldnt really able to tell on whats happening behind the curtains.

Instead of freaking out then its better to secure your buyback point on where price could possibly bottom out.

[justdimin]

Expect the unexpected since it always been like this or not really that something new in speaking with sudden decline or dips without even knowing on what is the precise reason on why its really happening.

It would be particular pointed out on Whales selling, fuds, news or events, taking profit kind of reasoning which we couldnt really able to tell on whats happening behind the curtains.

Instead of freaking out then its better to secure your buyback point on where price could possibly bottom out.

Reason for what happened this time around wasn't really a hidden thing though. I mean FED said that they will increase the rates, which caused many rich people and companies to withdraw their money from the markets and buisness' and then put it on interest because it was giving such a good rate for guaranteed amount as well.

This is why there isn't enough money in the markets all around the world, not just crypto though, it is literally all around the world and dollar is more valuable in many places. We had the past 3-4 years (and technically last 14 years) that see USA printing so much money and dishing it out, it's just getting a callback these days that's all.

[GreatArkansas]

For me, this is just temporary. For sure there are a lot of them that are trapped especially those people who were able to buy above $40,000.
Overall, at the current price level of Bitcoin now, there are already a lot of buy orders lining after these even if the price won't still bounce, the inflow will decrease, and outflow for sure will increase as people will tend to hold their Bitcoin off the exchanges.

[uneng]

Bitcoin is crashing now due to investors panic selling. The structure of confidence and trust we were living since the last bull run started has just collapsed. Known resistance and support levels don't exist anymore. First we need to see how deep the bottom is, and then it will be possible to start rebuilding everything from wreckage.

The possibilities on medium term aren't good for bitcoin. I think the market will only have grasp to recover and enter a solid positive season when the US ponzi scheme based on inflated interest rates starts melting, what inevitably will happen at some point, like it has already happened in every countries which adopted such economical measures.

[fortuner]

For me, this is just temporary. For sure there are a lot of them that are trapped especially those people who were able to buy above $40,000.
Overall, at the current price level of Bitcoin now, there are already a lot of buy orders lining after these even if the price won't still bounce, the inflow will decrease, and outflow for sure will increase as people will tend to hold their Bitcoin off the exchanges.

panicked because until now the price of bitcoin has continued to decline so that all investors are selling their assets more in order to prevent too many losses, even though they basically lose a lot if they sell when the market situation drops drastically at this time.  but for those who have just bought of course they will maintain it until the bitcoin price reverses direction again.

[electronicash]

half this year will also be the time for bulls and if not, we really still need halving for the market to start a bull run again. so much panic and we hit to lowest so if it's still going to plunge below $30K, send all you got including the coins in your cold wallet because we're going back to 2018 dive which prices could be less than $20K, worse 10k.

[P2PECS]

Bitcoin is crashing now due to investors panic selling. The structure of confidence and trust we were living since the last bull run started has just collapsed. Known resistance and support levels don't exist anymore.

I believe they do exist. The clearest one would be USD 20,000. It is not going to be easy to pierce that level downwards no matter how bad things get. At 30,000 we seem to have another one, as yesterday's panic selling seems to have stopped for the time being.

[Oshosondy]

about this whale issue is still something that is not absolutely certain, maybe they are moving their coins to sell as you say, or maybe they are moving their coins to temporarily store and sell little by little or maybe, but on this issue of the price falling or not below $30,000, we need to see to what extent the support that is at $32000 will resist, if it breaks easy and keeps falling then when it reaches $30,000 it will drop below $30,000, but at $28000 - $29000 there is another very strong support and at this level we have to be more attentive because if price just touch this level and immediately go up to $30,000 - $32,000 then we will know that it will not be easy to fall below $30,000

Bitcoin dropped to $30000 many hours ago, but now at $31000, this has been the price like four or more times now, bitcoin falled from $40000 to around $30000, from $64000 to around $30000, from ATH to around $30000, from last bull market to around $30000 again. Let me assume the bull market should start again until it will again be followed by the bear market.

Perhaps it will continue based of the structure in the market and in my view it is because of the situation as well that seems common reason of panic selling as its very obvious that it's constantly a downtrend.
And for me surely this will become more worst since there's no sign of uptrend till this day.

With the world economy today and the Bitcoin bear market, its sure to plunge deeper. If its going to dip below $20k, this really will discourage the new investors who come into crypto since 2021. They have not experienced this tragic event that somehow some speculators are already expecting to happen.

Do you think bitcoin price can plunged below $20000? That was the last ATH before 2020 halving. I am doubtful this can be possible because bitcoin never falls below previous ATH after halving.

I believe they do exist. The clearest one would be USD 20,000. It is not going to be easy to pierce that level downwards no matter how bad things get. At 30,000 we seem to have another one, as yesterday's panic selling seems to have stopped for the time being.

Yes, panic selling stopped yesterday and short term investors are likely the ones that panicked and sold their coins.

[peter0425]

https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


This means whales are selling which result to panic selling. But can this indicate that more bitcoin would still be sold in a way the dip would be below $30000? Bitcoin is around $32800 presently but the market is still bearish.

Admit it or not but we are expecting this even in the beginning of the year but mostly deny that fact and now they are the one who lose too much because of greediness .

Now that we are heading below 30k , I think this has both effect , Some are panicking to sell and others are waiting to Buy.

lets see how much  this can lose this quarter and maybe dipping till the next quarter as we are expecting the increase happening in last quarter of the year.

[Findingnemo]

It seems the bearish trend is still not over yet, probably we can expect further if there is nothing positive for the cryptocurrency market because the economic situation arround the world is also not that good and I spend more time on watching the prediction about the stock market for the last few days and one of my advisor said that we are going to be in deep trouble for the next three months so hold or sell now or wait until the recovery period.

[bittraffic]

Perhaps it will continue based of the structure in the market and in my view it is because of the situation as well that seems common reason of panic selling as its very obvious that it's constantly a downtrend.
And for me surely this will become more worst since there's no sign of uptrend till this day.

With the world economy today and the Bitcoin bear market, its sure to plunge deeper. If its going to dip below $20k, this really will discourage the new investors who come into crypto since 2021. They have not experienced this tragic event that somehow some speculators are already expecting to happen.

Do you think bitcoin price can plunged below $20000? That was the last ATH before 2020 halving. I am doubtful this can be possible because bitcoin never falls below previous ATH after halving.

Its possible to happen when the support level in $29k is broken, it will dive first to $25k down to 20k after it. So far its there are just more buying preventing that dive. Zooming out to the monthly chart, BTC is actually in the bubble stage. It hasn't pop but maybe because the limited supply of it defeats this bubble to pop. Same pattern in 2018 bear market, it hasn't pop at all, but just waited for the halving and it goes mooning again to a new ATH.

[onecall123]

It seems the bearish trend is still not over yet, probably we can expect further if there is nothing positive for the cryptocurrency market because the economic situation arround the world is also not that good and I spend more time on watching the prediction about the stock market for the last few days and one of my advisor said that we are going to be in deep trouble for the next three months so hold or sell now or wait until the recovery period.

While you're right, there hasn't been any improvement. A fear-driven sales process could result in extreme selling. Bitcoin isn't something anyone wants to use as a currency, they want to make money out of it. I am long term bearish because bear money is the best. However, what about going for quality? If it doesn't pump, it will eventually become the standard. At these lows, i'm expecting some kind of consolidation and range should occur, and hopefully the year will end in an uptrend.

[bitterguy28]

It seems the bearish trend is still not over yet, probably we can expect further if there is nothing positive for the cryptocurrency market because the economic situation arround the world is also not that good and I spend more time on watching the prediction about the stock market for the last few days and one of my advisor said that we are going to be in deep trouble for the next three months so hold or sell now or wait until the recovery period.

and we will be seeing more of this in the coming days/weeks/months as this is just the beginning of the Bearishness of market from the 2021 Hyping.
because the market shows this thread since then that after Halving effect and pump there will be coming dump and this is what we are waiting back in the first quarter.
and now that second quarter is on and the war from ukraine is still surging then yes we will be seeing more of this from now and to the following months.

[Chato1977]

I knew this was coming , I thought it is back in February but I'm wrong because the price recovered back and in April reaches almost 50k again .
but now this is a clear sign that we are in bearish market and there is a lot of bad movement to come.
so we must be aware of this and expect more bad market circulation in the coming days.

[davis196]

The current situation on the BTC market kinda reminds me of May 2021.
In May 2021,the Bitcoin price dropped from 56K USD to 36K USD,mostly because of the Elon Musk FUD and some China FUD.Bitcoin recovered and hit another ATH in October/November 2021,which is 5 months after the price drop.
I'm not so optimistic about the BTC price recovering 5 months after the current price drop.
This year's price drop in May is caused by different factors-FED increasing interest rates,the war in Ukraine and fears of Russia escalating the conflict,growing prices of oil,stock markets crashing,etc.
The investors simply don't see Bitcoin as a safe heaven asset or inflation protection tool,that's why all the stock market investors,who are selling their stock portfolios aren't joining the crypto markets.
Don't sell,buy the dip and wait for 2024.This is the only winning strategy.There's no alternative.

[arufox]

I think the bear market will continue. Since several stock indices around the world were sluggish in recent days and the interest rates became higher by the US central bank in tackling inflation, many investors are selling off cryptocurrencies including bitcoin, and turning to safer assets. Therefore, the current bearish trend could bring the bitcoin price down to $28k.

[ultrloa]

At this current condition where almost all is falling and the conflict of Ukraine and Russia is not done yet we may see this continue as the economic crisis is now slowly hitting up badly in different parts of the world. Plus the bad sentiments towards different investments especially on crypto is not on its best shape so for sure many people will doubt and will take precaution upon buying so I guess we might see more worse of this in next following days.

[Natalim]

This is a perfect time to start investing in crypto. I encourage people to make their way into the crypto world while the market is in a downtrend.
But on the other side, I'd just hoped that early investors and those who bought coins during the ATH will still be able to control their weaknesses and not get tempted to sell for the sake of not helping the market get worse.

Many predictions arise and we mostly hear negative thoughts from different corners. It is eventually what the reality we have now and not to argue that 2022 is a bear season.

[Pesona1]

I think the bear market will continue. Since several stock indices around the world were sluggish in recent days and the interest rates became higher by the US central bank in tackling inflation, many investors are selling off cryptocurrencies including bitcoin, and turning to safer assets. Therefore, the current bearish trend could bring the bitcoin price down to $28k.

The FED decision to raise interest rates made the market now experience bearish and it looks like the current decline will continue until next week, the mental stress that occurs on investors after the FED decision makes investors like scared and throw bitcoin to secure their money, I think if there is no impetus and positive news right now there is certainly a possibility if bitcoin falls below $28K.

[mattujusuruga]

In my opinion, if you see a very deep price drop and a lot of negative sentiment at the moment, then the current bearish trend will continue and could bring the bitcoin price towards the $28k level. And to make the price move up even to return to the previous ATH level will be much more difficult and take a long time.

[_BlackStar]

The market is still unstable and may still be very bearish at the moment. I don't know where the lows stopped in this cycle but it looks like $29K has formed new support to hold back the panicked traders. The price of bitcoin has matched the same cycle of decline as in July 2021 when its highest ATH was $64K. But if there is a repeat of the price movement and the uptrend persists then I think we will again form a new ATH again this year.

As I write, the price of bitcoin has started to increase slightly to $31K. So there is a possibility that this upward trend will occur as part of the post dump market recovery to the price is $29K. The resistance now in the short term is $34-$35K ^{[TF 1-day],} but in the longer term it will probably be $45K-$55K ^{[TF 1-month].}

[Silberman]

In my opinion, if you see a very deep price drop and a lot of negative sentiment at the moment, then the current bearish trend will continue and could bring the bitcoin price towards the $28k level. And to make the price move up even to return to the previous ATH level will be much more difficult and take a long time.

We need to remember that despite how logical all the trading systems may sound at the end the markets are dominated by emotions, and right now fear has taken over the markets, however this means the market has a tendency to overreact and as such we could see a fast recovery as well, it seems the 30k level is holding up despite the FUD we are experiencing, so I think it is possible we may see bitcoin at 35k during the next week as the strength of the bears diminishes and people are not as afraid of the current drop in the price as they are now.

[dark1234]

In my opinion, if you see a very deep price drop and a lot of negative sentiment at the moment, then the current bearish trend will continue and could bring the bitcoin price towards the $28k level. And to make the price move up even to return to the previous ATH level will be much more difficult and take a long time.

We need to remember that despite how logical all the trading systems may sound at the end the markets are dominated by emotions, and right now fear has taken over the markets, however this means the market has a tendency to overreact and as such we could see a fast recovery as well, it seems the 30k level is holding up despite the FUD we are experiencing, so I think it is possible we may see bitcoin at 35k during the next week as the strength of the bears diminishes and people are not as afraid of the current drop in the price as they are now.

30k is the strongest vibonage line and if this can be broken then we will see the price at 28k for the next day because until now the bitcoin fear and greed index is very extreme
maybe it's like what happened 2018 so it took a long time to recover but I hope it's different and doesn't wait long for the bull to run

[Vaskiy]

Until now the market tries to gain resistance to stay above $30k. If it falls low to $30k, we'll come to know how far the market gonna fall. Possibly a downward decline to $30k could make the price reach $25k. The bearish move continues until some whales disturb the market. When Whales enter the market, there'll be inflow of money. This will push the market.

[Marvell1]

Perhaps it will continue based of the structure in the market and in my view it is because of the situation as well that seems common reason of panic selling as its very obvious that it's constantly a downtrend.
And for me surely this will become more worst since there's no sign of uptrend till this day.

With the world economy today and the Bitcoin bear market, its sure to plunge deeper. If its going to dip below $20k, this really will discourage the new investors who come into crypto since 2021. They have not experienced this tragic event that somehow some speculators are already expecting to happen.

There is a support that once the price hit at $29k, I think will bounce. Just a something that I would hope. Maybe it will bounce again after it.

Yes, the price will probably continue to drop below $30k and it will bounce back at the resistance at $29k but it will be a bounce in a bear market, not a strong bounce back in a bull market.
This situation is probably expected by many speculators because it has a strong impact on new investor sentiment, leading to panic selling and that could not be a better opportunity for them.

[Fundamentals Of]

As of now, I would not be surprised if the price of Bitcoin would continue to fall and would lose hold of the $30,000 level. I admit that was unimaginable for me in the past weeks, but now it seems it is happening any day or hour or even minute from now. Right at this very moment, the price is just barely holding on to $30,000. It could fall any time from now.

The main reason for this could be whales or large holders but the ensuing dips could be caused by panic selling of small time holders.

[MiF]

https://twitter.com/glassnodealerts/status/1523486793403838464?s=20&t=8PlfpoVcogJ02Ln_wchrbQ

 #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC

Previous 3-month high of 1,729.605 BTC was observed on 08 May 2022

View metric:
https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


The price of bitcoin has started to fall since on the 07th, yesterday was just the continuation of a massive fall. Bitcoin whales are reducing and the exchanges inflow has been on the high since 3 months ago.  Inflow means that whales and other people that have bitcoin on wallet are moving it to exchanges. Whales prefer cold wallets, they do not leave coins on exchanges, they are mostly doing it to sell and bitcoin price fall.

https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


This means whales are selling which result to panic selling. But can this indicate that more bitcoin would still be sold in a way the dip would be below $30000? Bitcoin is around $32800 presently but the market is still bearish.

Well i think we all know and it is seen that btc is still in the bear market and anytime soon it will maybe fall below 30k$ again. That is why i still prefer in waiting for the next market situation, making a decision to buy or to sell this time is quite risky, i will wait till btc touches 40k$ before buying for assurance that i cannot loss big amount, market is unstable and very risky DYOR guys for safety.

[rodskee]

https://twitter.com/glassnodealerts/status/1523486793403838464?s=20&t=8PlfpoVcogJ02Ln_wchrbQ

 #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC

Previous 3-month high of 1,729.605 BTC was observed on 08 May 2022

View metric:
https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


The price of bitcoin has started to fall since on the 07th, yesterday was just the continuation of a massive fall. Bitcoin whales are reducing and the exchanges inflow has been on the high since 3 months ago.  Inflow means that whales and other people that have bitcoin on wallet are moving it to exchanges. Whales prefer cold wallets, they do not leave coins on exchanges, they are mostly doing it to sell and bitcoin price fall.

https://studio.glassnode.com/metrics?a=BTC&m=transactions.TransfersVolumeToExchangesSum&mAvg=7


This means whales are selling which result to panic selling. But can this indicate that more bitcoin would still be sold in a way the dip would be below $30000? Bitcoin is around $32800 presently but the market is still bearish.

This proves everything mate , https://coinmarketcap.com/currencies/bitcoin/ that Bitcoin is not only falling down to 35k but maybe below 30k ? actually it did fell down to 29k recently so why not expect any losses in the coming months.


And I expect this to fall more this year, I also wanted to extend my support for the betterment of market but I also knew that I am waiting for good .

[Kemarit]

As of now, I would not be surprised if the price of Bitcoin would continue to fall and would lose hold of the $30,000 level. I admit that was unimaginable for me in the past weeks, but now it seems it is happening any day or hour or even minute from now. Right at this very moment, the price is just barely holding on to $30,000. It could fall any time from now.

The main reason for this could be whales or large holders but the ensuing dips could be caused by panic selling of small time holders.

Most likely it will be the small retail investors who have been selling off in the last week that causes the price to plunge in the $30,000 level.

Whales do might be controlling or manipulating it from behind, and they are the one putting a selling pressure. Anyhow, it is what it is, we definitely have to face the reality that the price is free falling right now.

[justdimin]

The current situation on the BTC market kinda reminds me of May 2021.
In May 2021,the Bitcoin price dropped from 56K USD to 36K USD,mostly because of the Elon Musk FUD and some China FUD.Bitcoin recovered and hit another ATH in October/November 2021,which is 5 months after the price drop.
I'm not so optimistic about the BTC price recovering 5 months after the current price drop.
This year's price drop in May is caused by different factors-FED increasing interest rates,the war in Ukraine and fears of Russia escalating the conflict,growing prices of oil,stock markets crashing,etc.
The investors simply don't see Bitcoin as a safe heaven asset or inflation protection tool,that's why all the stock market investors,who are selling their stock portfolios aren't joining the crypto markets.
Don't sell,buy the dip and wait for 2024.This is the only winning strategy.There's no alternative.

I would say that the drop had a meaningful reason and the pump was a surprise but nothing I could do about it. I have to say that the best case for all of us right now would be to just keep focused on the situation at hand and then hope that the similarities doesn't end here and the price would go up a lot.

I mean after that drop in 2021, we had a huge increase in October where the price broke over ATH (which was 64k before) and reached 68k. If the same thing happens again, then I will be fine but I do not know what to expect anymore, I have to say that the best case would be to just let it be and focus on making some strides towards pumping bitcoin again.

[GelatikKembar]

I knew this was coming , I thought it is back in February but I'm wrong because the price recovered back and in April reaches almost 50k again .
but now this is a clear sign that we are in bearish market and there is a lot of bad movement to come.
so we must be aware of this and expect more bad market circulation in the coming days.

you are very lucky mate to know that Bitcoin will be bearish and dump very deep,
do you know when Bitcoin and especially altcoins can reach new ath again? I'm really sad to see my portfolio is decreasing

[_BlackStar]

do you know when Bitcoin and especially altcoins can reach new ath again? I'm really sad to see my portfolio is decreasing

Nobody knows when it will happen again although we believe about its potential in the future. When it comes to bitcoin, I can probably convince you to stick with it and buy if you can afford it, but it's hard to expect bitcoin to surpass ATH any time soon so you should only do it for long term goals.

So far whatever has happened to bitcoin ^{[price correction, pump and ATH]} is also possible to altcoins. So you just have to hope that bitcoin will soon get back on the path of bigger gains after this decline and will affect altcoins' gains as well.

[Oilacris]

do you know when Bitcoin and especially altcoins can reach new ath again? I'm really sad to see my portfolio is decreasing

Nobody knows when it will happen again although we believe about its potential in the future. When it comes to bitcoin, I can probably convince you to stick with it and buy if you can afford it, but it's hard to expect bitcoin to surpass ATH any time soon so you should only do it for long term goals.

So far whatever has happened to bitcoin ^{[price correction, pump and ATH]} is also possible to altcoins. So you just have to hope that bitcoin will soon get back on the path of bigger gains after this decline and will affect altcoins' gains as well.

Sounds really simple for someone to be advised on buying on the dips but much sure that this isnt something a simple decision to be made specially now that the price doesnt really have an assured bottom

which it would really boggle up your mind on what would be the price level before it would make out some u turn or full turn to be bullish.Its all in question and hesitance and fear as of this moment.

No one would able to know on when it would end and how it would be ending up whether this would be a very long time bear market or just short one.

[adaseb]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

[Paul Pogba]

These few days when I woke up and checked binance my asset dropped significantly, of course this made me confused whether to sell all assets at a loss or wait, even a lot of speculation circulating that the price of bitcoin will drop again below $ 20k, of course this is something this is very worrying and will take a long time to get back up again.

[justdimin]

Nobody knows when it will happen again although we believe about its potential in the future. When it comes to bitcoin, I can probably convince you to stick with it and buy if you can afford it, but it's hard to expect bitcoin to surpass ATH any time soon so you should only do it for long term goals.

So far whatever has happened to bitcoin ^{[price correction, pump and ATH]} is also possible to altcoins. So you just have to hope that bitcoin will soon get back on the path of bigger gains after this decline and will affect altcoins' gains as well.

I would say that we do not know "when" it will happen, but do you really doubt the top ones to reach that level again? I mean think about it, bitcoin to be over 68k doesn't look like that impossible isn't it? Or eth to be 5k+. These are things that I believe will happen, I do not know when it will happen but I know that it will happen for sure. That is what all I need and need to know, if it is doing great then I will do the best I could and there is no reason why I shouldn't invest into it right now.

This is what whales do, they do not care about the drops and they get in, and they get in with a lot of money. They are whales and have the money to wait, and thanks to that they make a ton of profit.

[Semar Mesem]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

[mich]

The world economy is in shambles right now and I know how you feel. For me with food and gas prices rising, it feels like the end of the world. On the other hand, we’ve seen this before many, many times. Corrections are a natural part of Bitcoin and it consistently recovers every time and then reaches new highs.
Just be patient and remember with the war in Ukraine and the effects of massive overspending from the pandemic it may take some time but rest assured the market will rise.

[19Nov16]

I think this is a difficult week because I see a significant crypto drop, even I wonder why the stable coins from Terra are now only valued at 52 cents, Terra is the most severe because last week the price is still more than $ 100 but now only 15 cents, it seems that Terra will be difficult to rise again , when there is a big storm like now then I can only hold and maybe buy more.

[newdevices]

This week will be a very interesting week for Altcoins, because if Bitcoin is able to stay above $30k then we will see altcoin season,
yes! but indeed the condition is that Bitcoin must be able to go above $30k, otherwise $20k will haunt us all, and the bearishness will continue

[Captain Corporate]

I know that Luna took the attention of everyone these days, but to be fair I believe that it is mainly due to Fed increasing the rates that took the markets by storm. I mean these past 2 days might have been caused by luna, but we weren't doing amazing before that either, we were doing only decent and nothing more. I believe that the start happened before this Luna deal started, FED increasing rates means that they are giving more money for people who put their money into interest, and that means if you do absolutely nothing, and just invest your money into your bank, then you are going to earn more, which caused a ton of rich people to use their money that way, with small taxes, and this lit the first fire.

[TheGreatPython]

I would say that the drop had a meaningful reason and the pump was a surprise but nothing I could do about it. I have to say that the best case for all of us right now would be to just keep focused on the situation at hand and then hope that the similarities doesn't end here and the price would go up a lot.

I mean after that drop in 2021, we had a huge increase in October where the price broke over ATH (which was 64k before) and reached 68k. If the same thing happens again, then I will be fine but I do not know what to expect anymore, I have to say that the best case would be to just let it be and focus on making some strides towards pumping bitcoin again.

Meaningful? Let's say the war caused the price to drop, is that still meaningful? I don't think it is. I think when the price drop, the reason are always negative and not meaningful but if what you mean is it gives people a reason to buy coins at cheap then I think that's valid somehow. There are no pumps that happened yet if I am not mistaken.

There is only a small increase last time but I don't consider it as a pump. If there's a surprise that happened then that is the bear that we experienced lately. People didn't expect that the price will fall again this low. If there are similarities then that's nice, people will have an idea if what can come next and know what to do.

[Hamphser]

This week will be a very interesting week for Altcoins, because if Bitcoin is able to stay above $30k then we will see altcoin season,
yes! but indeed the condition is that Bitcoin must be able to go above $30k, otherwise $20k will haunt us all, and the bearishness will continue

Correlation is something that will really be in question because not all  the time when bitcoin is staying up on a low level does mean that it would be for altcoins season.Basing up on real experience where Bitcoin is the main trend setter which means that if it do stays on bearish mode then all of coins in the market would be really the same.

The question is,how long this bear market would last? No one really knows because if there's someone who do able to know the market movement then he's already that rich.
The wisest thing to be done is securing out your position and be wise on how to get in before recovery happens.

[Captain Corporate]

I feel like the drop was understandable because Luna literally caused a big storm with what happened there. I mean it shouldn't have happened, but it did because people didn't invest in decentralized projects or even centralized but trustworthy backing (bnb for example). So we are going to live this many times in a row, what happens when SOL goes out? Who can guarantee that it won't? What about Avax? Or Matic? Hell, the whole NFT market could crash if opensea is down. So we shouldn't really expect this to be the last time market crashed because of one project, there is a good chance it could repeat.

[BuNga_cute]

The world economy is in shambles right now and I know how you feel. For me with food and gas prices rising, it feels like the end of the world. On the other hand, we’ve seen this before many, many times. Corrections are a natural part of Bitcoin and it consistently recovers every time and then reaches new highs.
Just be patient and remember with the war in Ukraine and the effects of massive overspending from the pandemic it may take some time but rest assured the market will rise.

It is true that the world's economy is in chaos, therefore it affects the rising prices of daily necessities. I also feel how difficult it is to live in a bad
economic situation like today. But humans have a very good survival ability compared to other creatures, so we all can definitely find a solution
to increase our income.

And the crypto industry gives us the opportunity to improve our economy, but because the crypto market has been really bad in the last few days.
Makes us have to be more patient with all of this, as you said the downturn is nothing new in the crypto world, because it is natural that Bitcoin
will experience a correction first to be able to reach the next highest price. So we must not give up on Bitcoin and must continue to believe in
the future of Bitcoin. As long as we can be patient with the current market conditions, I believe everything will be fine, because we can learn from
the history of Bitcoin movement. Where the decline in the price of Bitcoin is only temporary, because Bitcoin will definitely recover and will hit
its highest price again.

[Chato1977]

I knew this was coming , I thought it is back in February but I'm wrong because the price recovered back and in April reaches almost 50k again .
but now this is a clear sign that we are in bearish market and there is a lot of bad movement to come.
so we must be aware of this and expect more bad market circulation in the coming days.

you are very lucky mate to know that Bitcoin will be bearish and dump very deep,
do you know when Bitcoin and especially altcoins can reach new ath again? I'm really sad to see my portfolio is decreasing

actually what i said is general term mate , because it is given that every after Pump there will always a dumping so what is new with that?

you knew that Bearishness will come after bullishness .

so asking me if when ATH will come again? then we will be looking for the the Miners Halving in the next 4 years.

[Dave1]

I feel like the drop was understandable because Luna literally caused a big storm with what happened there. I mean it shouldn't have happened, but it did because people didn't invest in decentralized projects or even centralized but trustworthy backing (bnb for example). So we are going to live this many times in a row, what happens when SOL goes out? Who can guarantee that it won't? What about Avax? Or Matic? Hell, the whole NFT market could crash if opensea is down. So we shouldn't really expect this to be the last time market crashed because of one project, there is a good chance it could repeat.

I wouldn't say it understandable, if and only if Luna didn't put all their capital and hedge against bitcoin, maybe we won't be affected like this as the market plunges and it causes panic. At least, it seems to be the bleeding has stop somewhat as we are trading in the $30k after yesterday's price of $28k.

It's not the investors fault, it's all on the shoulder of Luna's people, they should have a least billions in dollars as well so that they can cope and cover when their stable coins went to $0.60.

[Twentyonepaylots]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

I think not last year's pullback is much greater than 13% in a day, I've seen it dropping 5% in an hour and almost 20% in a day, most altcoins are 20%^ down for the past week and the fear index is at peak. But then again I've expected this outcomes, if bitcoin went to to $20,000 to $60,000 in a year expect it to go the other way gradually probably within a year. What is frightening during these days are the people who are jumping into crypto without any prior knowledge. I've read an article, AGAIN, that someone committed suicide after Luna plunged. tsk.

[Silberman]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

It is very depressing that we keep seeing the same story happening over and over again, I hope no one takes the drastic decision to end their lives as even if their monetary losses were big at the end of the day is only money, if we work hard, save and invest in a good asset then people could always recover the money they have lost and earn even more than that, but if they end their lives then there is no way to recover from that, it is because of this that scammers really bother me, they may think they are only stealing money, but they steal the dreams, aspirations and sometimes even the lives of those from which they stole their money.

[tabas]

actually what i said is general term mate , because it is given that every after Pump there will always a dumping so what is new with that?

you knew that Bearishness will come after bullishness .

That's the logical cycle we've got in the market. This bearish season is to be expected since for the 2 years we've been bullish.

so asking me if when ATH will come again? then we will be looking for the the Miners Halving in the next 4 years.

There is nowhere to go just after the next halving and just a correction, we're 2 years away from it. And that's the exciting part comes for bitcoin holders and as well as altcoin holders because that's when the next bull season might come.

[Yaunfitda]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

It is very depressing that we keep seeing the same story happening over and over again, I hope no one takes the drastic decision to end their lives as even if their monetary losses were big at the end of the day is only money, if we work hard, save and invest in a good asset then people could always recover the money they have lost and earn even more than that, but if they end their lives then there is no way to recover from that, it is because of this that scammers really bother me, they may think they are only stealing money, but they steal the dreams, aspirations and sometimes even the lives of those from which they stole their money.

It just sad though to hear those horror stories about investors getting depressed and contemplating about suicide. I still remember the story of one boy who trade on Robinhood and then committed suicide later on when there is a glitch in the system resulting of money being lost on his end. So I do hope that we won't hear the same stories because of what happened to LUNA and it's stable coins holder. So all should learn from ours and others mistakes and move forward in our life.

[7788bitcoin]

It just sad though to hear those horror stories about investors getting depressed and contemplating about suicide. I still remember the story of one boy who trade on Robinhood and then committed suicide later on when there is a glitch in the system resulting of money being lost on his end. So I do hope that we won't hear the same stories because of what happened to LUNA and it's stable coins holder. So all should learn from ours and others mistakes and move forward in our life.

The depressed stories are many and i know there are many who entered the cryptocurrency market recently and made a ton of profit and they stick through thinking they will earn more and the sad thing is when the market starts its correction they will usually loose more than what they expected and the Luna situation was really sad because none of the users were smart enough to understand their blunder before it happened. I never invested in Luna nor i will invest in anything similar even if they have a good advertisement team.

[Baofeng]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

I think not last year's pullback is much greater than 13% in a day, I've seen it dropping 5% in an hour and almost 20% in a day, most altcoins are 20%^ down for the past week and the fear index is at peak. But then again I've expected this outcomes, if bitcoin went to to $20,000 to $60,000 in a year expect it to go the other way gradually probably within a year. What is frightening during these days are the people who are jumping into crypto without any prior knowledge. I've read an article, AGAIN, that someone committed suicide after Luna plunged. tsk.

Oh well, if people is going to full crypto then they should understand the risk involved here. And as the bearish market continues, if going to be very difficult for the majority to see our hard earn investments going down. But if you have the experience, you should have hedge everything. Others might have sold off totally and then reinvest later when the price still goes down. There are a lot of strategy and committing suicide should not be one of them.

[asrinur]

In my opinion, it seems that the current bearish market sentiment is still continuing because the FED will do many ways to curb inflation. With the FED policies the crypto market is getting weaker due to a lot of massive selling.

[mattujusuruga]

In my opinion, if you see a very deep price drop and a lot of negative sentiment at the moment, then the current bearish trend will continue and could bring the bitcoin price towards the $28k level. And to make the price move up even to return to the previous ATH level will be much more difficult and take a long time.

We need to remember that despite how logical all the trading systems may sound at the end the markets are dominated by emotions, and right now fear has taken over the markets, however this means the market has a tendency to overreact and as such we could see a fast recovery as well, it seems the 30k level is holding up despite the FUD we are experiencing, so I think it is possible we may see bitcoin at 35k during the next week as the strength of the bears diminishes and people are not as afraid of the current drop in the price as they are now.

30k is the strongest vibonage line and if this can be broken then we will see the price at 28k for the next day because until now the bitcoin fear and greed index is very extreme
maybe it's like what happened 2018 so it took a long time to recover but I hope it's different and doesn't wait long for the bull to run

Market conditions are still not conducive because of the negative market sentiment that remains volatile. Maybe what happened in 2018 will happen again this year. Moreover, the market has decreased by 30%-40% so we are in a bear market. Therefore, if the $30k price level doesn't hold in the next few days, then we will see the bitcoin price going down to the $28k-$25k area.

[Silberman]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

It is very depressing that we keep seeing the same story happening over and over again, I hope no one takes the drastic decision to end their lives as even if their monetary losses were big at the end of the day is only money, if we work hard, save and invest in a good asset then people could always recover the money they have lost and earn even more than that, but if they end their lives then there is no way to recover from that, it is because of this that scammers really bother me, they may think they are only stealing money, but they steal the dreams, aspirations and sometimes even the lives of those from which they stole their money.

It just sad though to hear those horror stories about investors getting depressed and contemplating about suicide. I still remember the story of one boy who trade on Robinhood and then committed suicide later on when there is a glitch in the system resulting of money being lost on his end. So I do hope that we won't hear the same stories because of what happened to LUNA and it's stable coins holder. So all should learn from ours and others mistakes and move forward in our life.

I remember that story too and it was incredibly sad, however since so many people were affected by the drop in the price of luna some of them have been contemplating suicide, the luna community in reddit is full of those posts and I think it got closed because of it, and since it is becoming clearer and clearer that luna is not going to ever recover I think we may hear more stories like that during the next days, since those people are really depressed about what happened and their future looks bleak.

[Oceat]

These few days when I woke up and checked binance my asset dropped significantly, of course this made me confused whether to sell all assets at a loss or wait, even a lot of speculation circulating that the price of bitcoin will drop again below $ 20k, of course this is something this is very worrying and will take a long time to get back up again.

Many people are trying to recover their funds by selling it as early as they could cause they think it's the end again of Bitcoin but it turns out they were being flushed out as they were the panic sellers who makes the market turn in red for a few days. They don't really learn anything since the previous bull run or it's that they were just newbies in this market and maybe the old investors were holding and having their patience to wait for the right time when the market would start to pump again.

[Dave1]

These few days when I woke up and checked binance my asset dropped significantly, of course this made me confused whether to sell all assets at a loss or wait, even a lot of speculation circulating that the price of bitcoin will drop again below $ 20k, of course this is something this is very worrying and will take a long time to get back up again.

Many people are trying to recover their funds by selling it as early as they could cause they think it's the end again of Bitcoin but it turns out they were being flushed out as they were the panic sellers who makes the market turn in red for a few days. They don't really learn anything since the previous bull run or it's that they were just newbies in this market and maybe the old investors were holding and having their patience to wait for the right time when the market would start to pump again.

Yeah, usually in bear market and flash crashes, the weak hands are going to sell, so there will be a shakeup and what remains are the diamond hands who chooses not to sell because they are thinking long term and on the contrary, would rather buy.

So far this has proven to be the case, price are on the way to recovery and maybe we can see it $32k and above next week.

[MFahad]

In my opinion, it seems that the current bearish market sentiment is still continuing because the FED will do many ways to curb inflation. With the FED policies the crypto market is getting weaker due to a lot of massive selling.

First  we will go up. There'll be a nice rally, everybody will get uber bullish, and long liquidations will happen big time. So 25K and change is a bottom, for now. SO up and then 20K or below. Depends on many factors, but I don't think we're heading to 20K or below....yet. Matter of time. Plus, Tether FUD is becoming real, especially after UST and USDT plunging 5% recently. There's real pressure for them to prove their claims. Imagine what would happen to the crypto market as a whole if Tether FUD is realized. I know, I know, people have been saying it for years.

[bitterguy28]

In my opinion, if you see a very deep price drop and a lot of negative sentiment at the moment, then the current bearish trend will continue and could bring the bitcoin price towards the $28k level. And to make the price move up even to return to the previous ATH level will be much more difficult and take a long time.

We need to remember that despite how logical all the trading systems may sound at the end the markets are dominated by emotions, and right now fear has taken over the markets, however this means the market has a tendency to overreact and as such we could see a fast recovery as well, it seems the 30k level is holding up despite the FUD we are experiencing, so I think it is possible we may see bitcoin at 35k during the next week as the strength of the bears diminishes and people are not as afraid of the current drop in the price as they are now.

30k is the strongest vibonage line and if this can be broken then we will see the price at 28k for the next day because until now the bitcoin fear and greed index is very extreme
maybe it's like what happened 2018 so it took a long time to recover but I hope it's different and doesn't wait long for the bull to run

Market conditions are still not conducive because of the negative market sentiment that remains volatile.

Volatility be shown in all forms of Investments here in Cryptospace because it moves from Supply and Demand .

Maybe what happened in 2018 will happen again this year.

What? History Repeating itself ? I am not sure but maybe not as worst as what 2018 brings to the market after the 2017 Bulrun.

Moreover, the market has decreased by 30%-40% so we are in a bear market. Therefore, if the $30k price level doesn't hold in the next few days, then we will see the bitcoin price going down to the $28k-$25k area.

it is holding on it, 30k is the strong hold now, but also we are looking for the fall below 25k in which for me will declare the total bearishness of the market.

[Sithara007]

I remember that story too and it was incredibly sad, however since so many people were affected by the drop in the price of luna some of them have been contemplating suicide, the luna community in reddit is full of those posts and I think it got closed because of it, and since it is becoming clearer and clearer that luna is not going to ever recover I think we may hear more stories like that during the next days, since those people are really depressed about what happened and their future looks bleak.

I have been saying this ever since 2014. Being an extremely volatile asset, cryptocurrency investment comes with a lot of risks. Investors need to understand that there is always a chance that their investments may become 100% worthless. It is not like the scenario when they are investing in more stable assets such as gold or treasury bonds. The greater the risk, that much greater will be the chance of good returns. Now what is the point in committing suicide and all that? They need to learn from their mistakes and move on.

[kotajikikox]

I remember that story too and it was incredibly sad, however since so many people were affected by the drop in the price of luna some of them have been contemplating suicide, the luna community in reddit is full of those posts and I think it got closed because of it, and since it is becoming clearer and clearer that luna is not going to ever recover I think we may hear more stories like that during the next days, since those people are really depressed about what happened and their future looks bleak.

I have been saying this ever since 2014. Being an extremely volatile asset, cryptocurrency investment comes with a lot of risks. Investors need to understand that there is always a chance that their investments may become 100% worthless. It is not like the scenario when they are investing in more stable assets such as gold or treasury bonds. The greater the risk, that much greater will be the chance of good returns. Now what is the point in committing suicide and all that? They need to learn from their mistakes and move on.

but it is always depend in which currency we are investing , if we are tend to put our money in shitcoin then there is a big chances that we will be losing towards that 100% , but if we will secure our Funds in like Bitcoin or Binance coin? then there is a zero chance of this losing but we can experience dumping each time as volatility always takes place , no certain time but this coming to change our mind and strategy.
just keep Holding and you will take what you wanted to achieve .

[btc78]

In my opinion, it seems that the current bearish market sentiment is still continuing because the FED will do many ways to curb inflation. With the FED policies the crypto market is getting weaker due to a lot of massive selling.

First  we will go up. There'll be a nice rally, everybody will get uber bullish, and long liquidations will happen big time. So 25K and change is a bottom, for now. SO up and then 20K or below. Depends on many factors, but I don't think we're heading to 20K or below....yet. Matter of time. Plus, Tether FUD is becoming real, especially after UST and USDT plunging 5% recently. There's real pressure for them to prove their claims. Imagine what would happen to the crypto market as a whole if Tether FUD is realized. I know, I know, people have been saying it for years.

That is how it works and that is why we are here in this market because of what we called Volatility and how this shows the healthy market over the years.
price tend to go up and down depend in demand and supply in which i believe makes us all beneficial in all matters.
yes we sometimes lose but it is on how you react in market, remember that it is always our decision that will bring result .
so if you can keep holding then you will never face loses that is one sure thing in Bitcoin.

[Oasisman]

These few days when I woke up and checked binance my asset dropped significantly, of course this made me confused whether to sell all assets at a loss or wait, even a lot of speculation circulating that the price of bitcoin will drop again below $ 20k, of course this is something this is very worrying and will take a long time to get back up again.

Many people are trying to recover their funds by selling it as early as they could cause they think it's the end again of Bitcoin but it turns out they were being flushed out as they were the panic sellers who makes the market turn in red for a few days. They don't really learn anything since the previous bull run or it's that they were just newbies in this market and maybe the old investors were holding and having their patience to wait for the right time when the market would start to pump again.

Well, these type of people are still vital to the Bitcoin price actions  coz they are actually helping the people who's looking to buy more Bitcoin in a bearish market by panic selling it'll make Bitcoin dip even more.
Weakhands will never ever learn as long as they can still see they're still profiting somehow by selling early. I'm not really sure coz most of them might actually losses a percentage when they sold their bags on a falling price.

[Oceat]

Yeah, usually in bear market and flash crashes, the weak hands are going to sell, so there will be a shakeup and what remains are the diamond hands who chooses not to sell because they are thinking long term and on the contrary, would rather buy.

So far this has proven to be the case, price are on the way to recovery and maybe we can see it $32k and above next week.

Maybe those who sell at low price they finally realized what they just did and the regret of panic selling on their face. Yeah, I hope it will recover soon but I can't stop thinking that it's about to dump next week again and probably we might gonna see it back to $20k+. Although, that would be a good opportunity to buy during the dip but the question is will it pump back to that same price like $40k or it will start to hit some bottom?

[Sithara007]

but it is always depend in which currency we are investing , if we are tend to put our money in shitcoin then there is a big chances that we will be losing towards that 100% , but if we will secure our Funds in like Bitcoin or Binance coin? then there is a zero chance of this losing but we can experience dumping each time as volatility always takes place , no certain time but this coming to change our mind and strategy.
just keep Holding and you will take what you wanted to achieve .

Bitcoin is a high risk asset. And investing in any of the altcoins means that your risk factor gets multiplied by manytimes. I have refrained from investing in alts since 2018 (when most of them lost up to 99% of their value). And I don't see any point in taking this risk, since remaining invested in Bitcoin can easily get you 10x to 20x returns in the next 5 years. For me, ETH, BNB, ADA and BCH are some of the options that can be considered. But any other coin is out of consideration, at least for the short to medium term.

[Kemarit]

but it is always depend in which currency we are investing , if we are tend to put our money in shitcoin then there is a big chances that we will be losing towards that 100% , but if we will secure our Funds in like Bitcoin or Binance coin? then there is a zero chance of this losing but we can experience dumping each time as volatility always takes place , no certain time but this coming to change our mind and strategy.
just keep Holding and you will take what you wanted to achieve .

Bitcoin is a high risk asset. And investing in any of the altcoins means that your risk factor gets multiplied by manytimes. I have refrained from investing in alts since 2018 (when most of them lost up to 99% of their value). And I don't see any point in taking this risk, since remaining invested in Bitcoin can easily get you 10x to 20x returns in the next 5 years. For me, ETH, BNB, ADA and BCH are some of the options that can be considered. But any other coin is out of consideration, at least for the short to medium term.

I guess for us who have been in the market for so long, knows and understand how the market work. There are risks involved, but there are ventures that we really shouldn't get our selves into because the risk is not worth it, i.e. having our money on some shitcoins.

So for us, Bitcoin might not give the huge returns that some altcoin can give, but at least it is solid and then chances that the price will be busted is slim to nil as compare.

[Dhaniii]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

[Ojengonggu]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

Nothing can stop the market but we can only keep it for ourselves when it's a good time to go up, we just let it go and when it goes down like this.
Even though others have panicked, but until now I can still be patient to defend mine.

[Silberman]

I remember that story too and it was incredibly sad, however since so many people were affected by the drop in the price of luna some of them have been contemplating suicide, the luna community in reddit is full of those posts and I think it got closed because of it, and since it is becoming clearer and clearer that luna is not going to ever recover I think we may hear more stories like that during the next days, since those people are really depressed about what happened and their future looks bleak.

I have been saying this ever since 2014. Being an extremely volatile asset, cryptocurrency investment comes with a lot of risks. Investors need to understand that there is always a chance that their investments may become 100% worthless. It is not like the scenario when they are investing in more stable assets such as gold or treasury bonds. The greater the risk, that much greater will be the chance of good returns. Now what is the point in committing suicide and all that? They need to learn from their mistakes and move on.

True, however people have the tendency to take impulsive decisions that affect their lives forever, it is known that when a person is experiencing a great degree of sadness and frustration they have problems sleeping causing insomnia, this makes them to keep thinking over and over again about what happened until they cannot take it anymore, after all we must remember that sleep deprivation is a form of torture, this is why suicide prevention hotlines have two goals when talking with the people at the other side of the phone, and those are to get them vent out their frustration and maybe even get them to laugh and then get them to sleep, if they can do both of those things then the chances of the person on the phone making an attempt against their life become very low.

[Natalim]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

Nothing can stop the market but we can only keep it for ourselves when it's a good time to go up, we just let it go and when it goes down like this.
Even though others have panicked, but until now I can still be patient to defend mine.

Patience is the key for people not to panic and sell at a loss, however, if you want to profit, then make sure you buy when the price dip as eventually it will recover and that would give you an opportunity to enjoy a short term profit. This kind of bearish market is not new to us, it happened many times in the past, and we have the trend since bearish market comes after the bull market.

[dezoel]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

I do not remember the price being 45k at any point yesterday, looking at the charts I do not see that anywhere neither. Maybe there was a website with a problem that skyrocketed very quickly and that could happen as well but it is not really a big trouble. All that happens right now is the fact that we could end up seeing something a bit more rare at the current situation and the price already recovered over 30k and that was a great thing.

If we are having these type of problems then we should not be focusing on the drop anymore, it happened and that's the past and we should be getting a better future so we should be hopeful about that instead.

[Jating]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

Nothing can stop the market but we can only keep it for ourselves when it's a good time to go up, we just let it go and when it goes down like this.
Even though others have panicked, but until now I can still be patient to defend mine.

Patience is the key for people not to panic and sell at a loss, however, if you want to profit, then make sure you buy when the price dip as eventually it will recover and that would give you an opportunity to enjoy a short term profit. This kind of bearish market is not new to us, it happened many times in the past, and we have the trend since bearish market comes after the bull market.

If a perfect world, then yeah, this should be the mindset. However, when face with this kind of difficulty, i.e. the price is going down hard and investors specially beginners, doesn't know what to do or doesn't understand to react, they will immediately sell.

Again, for us, this is nothing new, but maybe for majority who join in last 2021, they haven't seen this before. So it will take some time for them to realized that they don't have to panicked, or at least not sell yet and just continue to be a holder and have the patience.

[carlfebz2]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

Nothing can stop the market but we can only keep it for ourselves when it's a good time to go up, we just let it go and when it goes down like this.
Even though others have panicked, but until now I can still be patient to defend mine.

Patience is the key for people not to panic and sell at a loss, however, if you want to profit, then make sure you buy when the price dip as eventually it will recover and that would give you an opportunity to enjoy a short term profit. This kind of bearish market is not new to us, it happened many times in the past, and we have the trend since bearish market comes after the bull market.

If a perfect world, then yeah, this should be the mindset. However, when face with this kind of difficulty, i.e. the price is going down hard and investors specially beginners, doesn't know what to do or doesn't understand to react, they will immediately sell.

Again, for us, this is nothing new, but maybe for majority who join in last 2021, they haven't seen this before. So it will take some time for them to realized that they don't have to panicked, or at least not sell yet and just continue to be a holder and have the patience.

Newbies are the ones who do commonly freak out whenever there's a market price decline but for those people who do have already some experience and awareness on how this market behaves then they would

typically see this as a normal day here on crypto space.You should really minding off that the market could really only be having two possible path which is to have bearish or bullish run.

Thats why it would be sensible for you to learn up different trading styles and making out good decision for you to make profits out of those movements.

[kotajikikox]

but it is always depend in which currency we are investing , if we are tend to put our money in shitcoin then there is a big chances that we will be losing towards that 100% , but if we will secure our Funds in like Bitcoin or Binance coin? then there is a zero chance of this losing but we can experience dumping each time as volatility always takes place , no certain time but this coming to change our mind and strategy.
just keep Holding and you will take what you wanted to achieve .

Bitcoin is a high risk asset. And investing in any of the altcoins means that your risk factor gets multiplied by manytimes. I have refrained from investing in alts since 2018 (when most of them lost up to 99% of their value). And I don't see any point in taking this risk, since remaining invested in Bitcoin can easily get you 10x to 20x returns in the next 5 years. For me, ETH, BNB, ADA and BCH are some of the options that can be considered. But any other coin is out of consideration, at least for the short to medium term.

Yes and that is what I mean here , Bitcoin maybe risk to invest but altcoin is more riskier and we are not here to trust other coins for long term investments but for those who seek for short term? and those Greed investors? then yes they can rely in altcoins and their shitcoins but never  blame the market for their attitude because no one pushes them to buy those coins and we keep advising the to Buy Bitcoin and make altcoin as secondary .

[Wong Gendheng]

The last 3 days the price of Bitcoin has not dropped below $ 30k, in my opinion this is a good indication that the market immediately improve , this is because more and more companies and countries invest in Bitcoin, making the number of users increase.

[onecall123]

I believe Bitcoin will go further in the short-term, which could be considered bullish? Due to its importance, the whales and institutional investors could push past it briefly to gain that extra liquidity. They'll make some awesome gains, that's nothing new! Markets will react, but the bearish trend has not yet ended. Could we overcome this resistance? There's no such thing as the one little pump that makes everyone a bull again. At first, we'll hit around 34-35k.

[Sebas.tian]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

I think, we are about to enter bullish market for people to stop panicking, because the price is preparing to increase higher to a level where long term investors will start earning from their investment. The price will definitely hit $60,000 before the end of this year 2022, because the price has moved to $32,000 few days ago that showed that very soon people will start experiencing massive pumping from the market for those that invested some years or months ago to start happy for what they are going to achieve from their investment.

[Wawa2013]

The bearish market has been going on for a long time and everyone is used to the current market conditions and some people are trapped in panic selling when the market is bearish so that the bear market continues to occur at this time. whereas yesterday the market had a bullrun that broke through the $45k price but nothing could stop it so the market went down again.

I think, we are about to enter bullish market for people to stop panicking, because the price is preparing to increase higher to a level where long term investors will start earning from their investment. The price will definitely hit $60,000 before the end of this year 2022, because the price has moved to $32,000 few days ago that showed that very soon people will start experiencing massive pumping from the market for those that invested some years or months ago to start happy for what they are going to achieve from their investment.

Indeed Bitcoin has increased in price compared to one week ago and this is a positive thing. But Bitcoin's rise is still not that high, so it's still
too soon to conclude that Bitcoin is about to enter a bullish market. I think we should wait for Bitcoin to return above $40k first to make sure
Bitcoin starts to recover and enters a bullish trend. Because for me as long as Bitcoin is still below the $40k price, I think that Bitcoin is still
in a bearish trend. I say that does not mean I am pessimistic about the future of Bitcoin, but we must think carefully and not to be wrong
in making decisions. Even so I still really hope Bitcoin can return to the price of $ 60k this year, and the possibility is still very possible,
if we all start now to focus on collecting as much Bitcoin as possible. Because as more people collect Bitcoins, then slowly the price of Bitcoin
will continue to rise, because the demand for Bitcoin increases.

[Hypnosis00]

I believe Bitcoin will go further in the short-term, which could be considered bullish? Due to its importance, the whales and institutional investors could push past it briefly to gain that extra liquidity. They'll make some awesome gains, that's nothing new! Markets will react, but the bearish trend has not yet ended. Could we overcome this resistance? There's no such thing as the one little pump that makes everyone a bull again. At first, we'll hit around 34-35k.

That is optimism but then, we can't hide the fact that there is no guarantee with that easy pump and market recovery, it was indeed taking time to gain uptrend momentum. In fact, taking a look back at the previous bear season, we see that it takes a long time before the market recovers from the dip and likely be the same scenario that we are able to witness this time.

Nha, we can expect such a thing next year as it was likely impossible to commence this 2022. We need huge support from big investors and the manipulative power that these whales have.

[$crypto$]

I believe Bitcoin will go further in the short-term, which could be considered bullish? Due to its importance, the whales and institutional investors could push past it briefly to gain that extra liquidity. They'll make some awesome gains, that's nothing new! Markets will react, but the bearish trend has not yet ended. Could we overcome this resistance? There's no such thing as the one little pump that makes everyone a bull again. At first, we'll hit around 34-35k.

That is optimism but then, we can't hide the fact that there is no guarantee with that easy pump and market recovery, it was indeed taking time to gain uptrend momentum. In fact, taking a look back at the previous bear season, we see that it takes a long time before the market recovers from the dip and likely be the same scenario that we are able to witness this time.

Nha, we can expect such a thing next year as it was likely impossible to commence this 2022. We need huge support from big investors and the manipulative power that these whales have.

But now it's quite better than the downtrend because bitcoin has recovered quite a bit at least not below 30k, I know there won't be any guarantees of recovering the market anytime soon but with the bulls now pretty sure in their optimism then this will certainly continue or be counterintuitive, but the positive trend is quite good at the moment.
Maybe in this scenario nothing is the same, the fact can change at any time because we think the bears haven't completely disappeared, but with an uptrend, investors believe the price will definitely increase.

[blockman]

It's back to $29k again. I guess there's one factor again that's related to altcoins and it's starting to make the whole market correlated to each other. As I believe, there's not that much impact if the issue is from the altcoins but we've seen the fiasco happen for LFG. Before it was UST and Luna and I think there's still a contribution from it but now, there goes the Sol network being on pause.
(https://news.bitcoin.com/solana-halts-block-production-validators-told-to-prep-for-a-restart-networks-decentralization-criticized/)

[Sir Legend]

Yesterday the bitcoin price was close to $32k but now it's dropping again to around $29k, of course this is a strong indication that 2022 will repeat the 4-year trend, the best thing I do is do nothing, I'm optimistic that the market will rise again soon so if I sell now then can regret.

[rodskee]

Yesterday the bitcoin price was close to $32k but now it's dropping again to around $29k, of course this is a strong indication that 2022 will repeat the 4-year trend, the best thing I do is do nothing, I'm optimistic that the market will rise again soon so if I sell now then can regret.

do Nothing? why not Buy more instead of that mate? doing nothing is like completely Holding without adding in which I believe is an old fashion way of dealing in crypto because nowadays the volatility of market is bringing us opportunity mostly so Buy the coin you wanted to Hold? and sell it when the price went up.
that isn't hard to understand so do it with your funds and be a profiting soon.

[jaberwock]

I believe Bitcoin will go further in the short-term, which could be considered bullish? Due to its importance, the whales and institutional investors could push past it briefly to gain that extra liquidity. They'll make some awesome gains, that's nothing new! Markets will react, but the bearish trend has not yet ended. Could we overcome this resistance? There's no such thing as the one little pump that makes everyone a bull again. At first, we'll hit around 34-35k.

It is considered bullish as long as it breaks the 50k or 60k limit and stays there even by just a short period of time but if you mean to go further on the same price, then no that wasn't bullish. Btc is an important coin indeed but even coins that aren't that important can still be pumped up by the manipulators and I believe that even if btc isn't being pumped by them, it can still increase on its own or with the help of small investors.

Lots of them have a reason to buy btc and they can disregard the situation because btc was still useful on many other things not only for investing. A small pump could not be enough but we need a bigger pump if we want to see a bull market.

[BlackBaron]

Yesterday the bitcoin price was close to $32k but now it's dropping again to around $29k, of course this is a strong indication that 2022 will repeat the 4-year trend, the best thing I do is do nothing, I'm optimistic that the market will rise again soon so if I sell now then can regret.

How do you relate to the cycle of movement in the last 4 years, I think bitcoin has stabilized several times at around 29-31k in the last month, so you should analyze many other patterns before connecting with previous cycles of movement.

[fzkto]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

[ShowOff]

I believe Bitcoin will go further in the short-term, which could be considered bullish? Due to its importance, the whales and institutional investors could push past it briefly to gain that extra liquidity. They'll make some awesome gains, that's nothing new! Markets will react, but the bearish trend has not yet ended. Could we overcome this resistance? There's no such thing as the one little pump that makes everyone a bull again. At first, we'll hit around 34-35k.

I feel more confident that the gains are still unconfirmed even though the bitcoin price rose after the price correction in May. Bitcoin has been sideways for some time and that shouldn't be taken as 100% a good indication, as there are actually indications of a decline or correction when a sideway occurs. Investors will certainly be much more wary of buying now and that causes the market to be less excited. Something good is always expected, but we must not forget that bitcoin has two possibilities for its price.

[stomachgrowls]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

Rebound is really something that hard to guess or speculate on specially now the price is really making out some movement which is really on unsure basis specially it do plays around 29-31k

which is really hard to guess on what would be the next move but with some technicals then you could see  that there is some really uncertainty on the current market condition
but its not something that precise we could rely on but at least we do have some idea on whats going on.

Totally in random? Yes, its always been like this, bear market or some reversal would always be the main question.

[Yaunfitda]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

[kawetsriyanto]

The last 3 days the price of Bitcoin has not dropped below $ 30k, in my opinion this is a good indication that the market immediately improve ,

In reality, the price of Bitcoin has dropped below $30k again today. So, it is untrue that it is a sign of the improvement in crypto market or the sign of an upcoming pump in BTC price. As far as I know, BTC price is in sideways lately, the current price range is around $28k - $32k. I think this situation will last for some months before the next dumps. In my own opinion after this sideways, the chance for a dump is bigger than a pump. So, don't expect too much about a significant increase in BTC price. Remember that we are in a bearish, the price tends to drop than increase.

https://www.coingecko.com/id/koin_koin/bitcoin

[EdenHazard]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

The luna big scandal are indeed making crypto a bit looks bad.

But of course not completely bad , it's just a shovk theraphy that might last for short time , im pretty sure about that.
Despite yeah if we zoom in a bit about how bitcoin price looks so bear if you set the time frame of 2020 to 2022 now .. but actually we always bullish , keep that in mind and you are doing just good.

[Joshapat]

For more than 7 months the market has not recovered, this makes us have to make a long -term target if we want to profit, many panic and sell bitcoin even though we have to lose, for those who have experience with cryptocurrencies then this is a good opportunity to buy because of profit We get big as soon as we get.

[tygeade]

I feel more confident that the gains are still unconfirmed even though the bitcoin price rose after the price correction in May. Bitcoin has been sideways for some time and that shouldn't be taken as 100% a good indication, as there are actually indications of a decline or correction when a sideway occurs. Investors will certainly be much more wary of buying now and that causes the market to be less excited. Something good is always expected, but we must not forget that bitcoin has two possibilities for its price.

I do not think that bitcoin being sideways and turning into bear market is a possibility anymore. If it was such a possibility then the price would have gone down, but it didn't and the impending price is a lot higher according to all the indicators we have.

From MA to EMA, to BB, to even fear/greed index, when you look at everything, it looks like the price should be going up and I believe the same case, I believe that we are going to end up not getting any trouble at all. I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

[$crypto$]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

Indeed it will be more prolonged as a bear market with an immediate recovery it is unlikely but there is some talk from news bitcoin can redeem good prices again after sideways but I'm not sure because this is likely to happen in the next few months as an uncertain market.

Not only that and indeed with the Luna scam, many people are trapped in not being able to recover their assets even though there is an airdrop from Luna v2 that doesn't make them return their capital, maybe they have to start again as the main investment in bitcoin.

[virasog]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

The luna big scandal are indeed making crypto a bit looks bad.

But of course not completely bad , it's just a shovk theraphy that might last for short time , im pretty sure about that.
Despite yeah if we zoom in a bit about how bitcoin price looks so bear if you set the time frame of 2020 to 2022 now .. but actually we always bullish , keep that in mind and you are doing just good.

Yes, this Luna scandal was one of the biggest rug pull in this history. People don't name it scam or rug pull but you never know the inside story.
I do not know how much more time it will take for the market to show some positive moments. Bitcoin is bearish for the last few months and we do not see any bulls stepping forward to control the market.

[BITCOIN4X]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

[decodx]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

I am keeping my previous optimistic projections for the next week and think that in the very near future we could see the price pushing to $35K. But, breaking through the $30,500 resistance is the first and most critical step here. If this resistance level is broken, we can expect to see a short term rally to the $32,000 level with a lot of money flowing back into the bullish direction. Let's see where it takes us then…

[OgNasty]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

[Gianluca95]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

My feeling is that Bitcoin will start to rise when Quantitative easing from the FED will be released. At the moment, with the falling of market, you shouldn't expect a rise of bitcoin. We should be prepared for a bear market

from here to at least the next year. Once nasdaq will start to rise thanks to grow or quantitative easing, maybe we can look at Bitcoin.

[bitzizzix]

~Snip
I fear that we should not be really losing hope about bitcoin, the price going down sounds like losing hope about bitcoin and it should not be like that, you should be trusting it to go up again.

Optimistic, yes we have to stay optimistic about something good on the bitcoin price. In the long term there will probably be no doubt, but some concerns are possible in the short term. I believe the price will recover and we will see a break of resistance, but it may take some time for that given that several attempts towards the $35K level still failed after dump to $26K on May 12th.

I am keeping my previous optimistic projections for the next week and think that in the very near future we could see the price pushing to $35K. But, breaking through the $30,500 resistance is the first and most critical step here. If this resistance level is broken, we can expect to see a short term rally to the $32,000 level with a lot of money flowing back into the bullish direction. Let's see where it takes us then…

Optimism will increase our confidence in bitcoin and bitcoin movement should touch the $33,500 level to start a bullish phase towards the $35,000 price which I think is still struggling to reach that price.
and if bitcoin is unable to maintain its current level or returns to a price below $30,000, it will continue its bearish period reaching $28,000. But certainly will rise again above $ 30,000 in the near future.
It is difficult to predict the bitcoin price accurately for the short term because the accurate only applies to the long term.

[fzkto]

Bitcoin is artificially raised and deflated in a narrow range. I think there could be a rebound very soon, because a lot of indicators say so. There were similar situations in 2018 and 2020, now it has been 2 years since the last dump too. The bad news because of the LUNA scam has affected the market negatively. Now it is left to consolidate and the road to the top is open.

More likely though, this is similar to 2018, which is obviously a bear market, so I don't think that we will rebound soon. Just probably in the range of $30k'ish for sometime.

The Luna scam effect has been forgotten in my opinion, yes, lots of investors lost their money, but we've gotten to the point that we have move already from that debacle and no longer has that effect on bitcoin investors. Still the war and the inflation that really put a dent on us.

Indeed it will be more prolonged as a bear market with an immediate recovery it is unlikely but there is some talk from news bitcoin can redeem good prices again after sideways but I'm not sure because this is likely to happen in the next few months as an uncertain market.

Not only that and indeed with the Luna scam, many people are trapped in not being able to recover their assets even though there is an airdrop from Luna v2 that doesn't make them return their capital, maybe they have to start again as the main investment in bitcoin.

I agree that the bear market could last for a few more years, but now we have been down for five months in a row and there is sure to be a bounce. Almost all altcoins in general are at a historical bottom, which have fallen much harder than bitcoin. If bitcoin continues to fall much lower than it is now, it will be a tragedy for all other coins.

[jostorres]

Yesterday the bitcoin price was close to $32k but now it's dropping again to around $29k, of course this is a strong indication that 2022 will repeat the 4-year trend, the best thing I do is do nothing, I'm optimistic that the market will rise again soon so if I sell now then can regret.

do Nothing? why not Buy more instead of that mate? doing nothing is like completely Holding without adding in which I believe is an old fashion way of dealing in crypto because nowadays the volatility of market is bringing us opportunity mostly so Buy the coin you wanted to Hold? and sell it when the price went up.
that isn't hard to understand so do it with your funds and be a profiting soon.

He can say those things maybe because he was done buying, as we know we have been in this bear for a such a long time now. Some people have no more funds left to continue buying. I know they can do your advice of selling once the price increase a little but this is more of a trading already and not investing, and what if their goal is only to invest for long term? Because, for them that is the only way to earn bigger income without exerting much effort.

@Sir Legend if the market is following a 4 year cycle that means, we are following the market of 2018? Oh no, so that means this whole year is going to be bearish, am I right with that?

[Jating]

^^ By now you should know that we are indeed in the bear market we down more than 50% from our last all time high. As much as we don't like it to happen or see it again, it will have to come unfortunately. And based on our last experience, the price could still go down further as many believed that we haven't reach the bottom yet (including me). They are looking at around $20k at least as the last point wherein investors are going to sell and has been pressured to sell by the declining situation. And again, it we look at bitcoin's bear market and the subsequent returns, it might take years again for a healthy market.

[dunfida]

^^ By now you should know that we are indeed in the bear market we down more than 50% from our last all time high. As much as we don't like it to happen or see it again, it will have to come unfortunately. And based on our last experience, the price could still go down further as many believed that we haven't reach the bottom yet (including me). They are looking at around $20k at least as the last point wherein investors are going to sell and has been pressured to sell by the declining situation. And again, it we look at bitcoin's bear market and the subsequent returns, it might take years again for a healthy market.

We are now keeping on speculating about the possible bottom price in the market considering on how many times that we had dip down and goes up or some recovery then goes down once again.

It would really be putting up on the situation where you would really be boggling up your mind on what would be the possible next movement of the price.Bear market or bull market it doesnt matter

because we are all still having that same question in mind like whats the bottom or peak price?

[coolcoinz]

@Sir Legend if the market is following a 4 year cycle that means, we are following the market of 2018? Oh no, so that means this whole year is going to be bearish, am I right with that?

It's not certain that the market works this way. The cycles are determined by halvings which are bullish events leading to reversals if no reversals have appeared yet. This doesn't mean a reversal cannot appear from different reasons like a spot ETF being approved or another country accepting Bitcoin as a legal tender.

We could be waiting until 2024 for the run up to new ATH, but we could also see it much earlier. The reason people feel like there are 4 years cycles is that in the last 2 bear markets people became so negative for such a long time that we had to wait for the halving to lift the market out of this state, but as you can see the 2014 bear market was 100% negative, but 2018-19 already had a nice rally attempt to 13k which was a 300% rise from the bottom. It wasn't waiting for the halving to rise.
This cycle is again much different because the rally was very small followed by a 50% correction and then we went up again and had another 50% correction that went deeper only because luna scammers dumped their coins making the price more unstable.

Nothing is written in stone. There's no rule that we have to repeat the same cycle every time. The volume of trading shows that the cycles aren't similar. In 2018 the volume was 10 times higher than it is now. There's almost no coins on exchanges at this point.

[Kelvinid]

The last bear season runs for almost 3 years before the price started to pick up,


Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

[lixer]

I don’t know how long this bearish market will continue, but I have a feeling it will be until the mtgox coins are distributed and the ETH 2.0 locked coins can move again.

One thing I will say is that most of the people I know who suddenly took an interest in “crypto” as Bitcoin was brushing up against all time highs are no longer invested. That’s a good first step in clearing out speculation and leverage so we can return to a healthy market.

My feeling is that Bitcoin will start to rise when Quantitative easing from the FED will be released. At the moment, with the falling of market, you shouldn't expect a rise of bitcoin. We should be prepared for a bear market

from here to at least the next year. Once nasdaq will start to rise thanks to grow or quantitative easing, maybe we can look at Bitcoin.

They say that the bear is caused by fed so maybe fed is also the one that can solve this problem and finally turn the market into bull. They are powerful than everyone else but we common individuals are also doing our part to help the market return to normal. Thanks for the info, yes for now we shouldn't expect any rise until the fed is done with that quantitative easing.

We are already in the bear so no worries because people aren't shocked anymore but if what you mean prepare for another drop? Well yes we will prepare for it as well. Btc is the first coin that people look for whenever there is a bear, simply because the coin is already proven for years.

[Yaunfitda]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

[Fatunad]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

Only new fellas would really be having these kind of reaction and perceptions towards the market on having a very long bearish run but for those who had been here on this market for a while
or for a couple or long years then we are already get used into this condition on where it could really run for a couple of years on where price arent really moving that much or doesnt
really make out some significant movement and its true that we are still here and standing on which we are really that waiting for those times where the market will make out some
u-turn or significant move.No one knows on whats coming and on when it would happen.

[19Nov16]

Don't worry about the current trend, we have experienced a worse period than now, but the fact is Bitcoin can rise and skyrocket again, I'm sure the negative trend will soon end and this year we can pass New Ath, focusing with buying and hold is my best suggestion to get huge profit.

[Jody.Drummer]

The last bear season runs for almost 3 years before the price started to pick up,

Though, I'm not going to believe about history repeats itself but still, I was seeing there is no such easy recovery to be done. Yes, we could expect for months or a year to see the market rallying again. I could presume that we got this scenario till the end of this year.

At least lets say that this will be the scenario at the end of 2022. I know it's really sound bad for everyone, but then again, we've get over the hump the last bear market (for those who have been here), 2018 until after the block halving in 2020. So that's really long, but hey we are still standing was able to survived that long bearish trend. So there's no difference at all this bear cycle again. The same mentally and mindset and the same strategy so that we can be strong and pull through.

What needs to be done is just sit back and watch because regardless of anything, something like this will definitely happen and indeed we can't go through things like that only with panic, especially with so many assumptions and that's what makes panic even more.
I prefer to enjoy the plot that is happening while it is now Bearish so what? Bearish pair is Bullish and it will continue to pair so that when Bearish finishes everything will return Bullish

[Gianluca95]

That seems sir. I guess that is better for you to learn to become a short trader, until the next year you wouldn't see anything of good, price of bitcoin will be stable or maybe we'll also discover new minimum. Stay away from

trading, it is really dangerous if you don't have any experience in doing it.

[OgNasty]

That seems sir. I guess that is better for you to learn to become a short trader, until the next year you wouldn't see anything of good, price of bitcoin will be stable or maybe we'll also discover new minimum. Stay away from

trading, it is really dangerous if you don't have any experience in doing it.

Trading for newbies is basically throwing your money away.  Market participants are masters of emotion that play on the dreams of retail capital to line their pockets.  You'd think that buying low and selling high is simple, yet people tend to buy high and sell low every single time.  All the acquaintances that were asking me about buying Bitcoin as it soared over $50K are now out of the market and calling it a scam.  Trading isn't for everyone.  Have a plan and stick to it.  Don't let your emotions betray you.

As for the market...  I think it would take a price above $53K for me to acknowledge the bear has been slayed.