What’s going to make Bitcoin turn from a downward to an upward trend?

[KingsDen]

There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Yes, strong positive news and halving ^{(which is also called the 4 years cycle)} always create an impact on the market's next trend but we shouldn't ignore the mining difficulty either because it's also one of the things that determine the market's next trend. I could remember when Bitcoin was forked by Ver then when Bitcoin Cash was introduced there was a lot of sundering and misunderstanding among the miners this led to the downtrend in the price of BTC until every issue is resolved.

Forking is one of the factors that drag bitcoin to the blood pool. But for till the next halving and more, we are not expecting any kind of hard fork. The miners are all in agreement, any type of forking that is necessary to improve the bitcoin network will be soft forked.

However, there could be hard forking after the next having, especially when the reward must have halfed again.  There would be some issues in the transaction fees which could lead to some disagreements in the network.

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[Hamphser]

I can think of three things that would propel the price of Bitcoin upwards. Mostly it’s the removal of doubt and time though. The biggest doubt hanging over the market being the mtgox coins. Once those are distributed a huge weight will be lifted from the price. An ETF approval would also send Bitcoin skyward. Finally, besides increased adoption, the block reward halving will also tip the supply/demand towards the bulls.

Agree on that Mt. Gox funds to e released into its creditors which do really give out that kind of fear and doubts which the price do really goes bottom or into the floor which we could really say that it could really affect investors confidence on making investment.

The nearest thing that I do see where this market could have some changes in trend is on that 4 year cycle of Bitcoin which does give out those positive impressions and most likely we would be seeing where bull run starts.
In overall, it cant really be determined on when it would happen since we know that the market could potentially rise its price without having those reasons that we had mentioned.
Its totally unpredictable.

[Baofeng]

I can think of three things that would propel the price of Bitcoin upwards. Mostly it’s the removal of doubt and time though. The biggest doubt hanging over the market being the mtgox coins. Once those are distributed a huge weight will be lifted from the price. An ETF approval would also send Bitcoin skyward. Finally, besides increased adoption, the block reward halving will also tip the supply/demand towards the bulls.

Yeah, I think the ETF might boost the market in the next bull run, or maybe another country like El Salvador or at least another nation joining the picture. Or maybe a huge company like Tesla or a Michael Saylor type of billionaire.

So there are still a lot of source of money that will propel bitcoin to the next bull run. And the expectation is the 6 digits will be hit in 2024-2025 so we will see. We just need to wait for the right time. We can't just force things in this market as it has it's own path and catalyst which is the block halving.

[suzanne5223]

There are two major things that will make bitcoin to enter into bullish trend, and these things are; positive fundamentals .If there is strong news about bitcoin that is positive maybe news of more companies or government adopting Bitcoin, there will be upward movement of Bitcoin but this does not last for long, it is just a temporary solution.

Secondly and the most important is the halving that is been expected by 2024/2025. That is the target of every bitcoiner. The movement may likely get bitcoin a new ATH.

Yes, strong positive news and halving ^{(which is also called the 4 years cycle)} always create an impact on the market's next trend but we shouldn't ignore the mining difficulty either because it's also one of the things that determine the market's next trend. I could remember when Bitcoin was forked by Ver then when Bitcoin Cash was introduced there was a lot of sundering and misunderstanding among the miners this led to the downtrend in the price of BTC until every issue is resolved.

Forking is one of the factors that drag bitcoin to the blood pool. But for till the next halving and more, we are not expecting any kind of hard fork. The miners are all in agreement, any type of forking that is necessary to improve the bitcoin network will be soft forked.

However, there could be hard forking after the next having, especially when the reward must have halfed again.  There would be some issues in the transaction fees which could lead to some disagreements in the network.

Honestly, the BCH hard fork or any that will happen in the future doesn't have the potential to drag BTC into the blood pool Ver didn't play a logic manipulation within the miners and I don't know if you have seen one of his Tweet where he said "he can't believe people think BTC is Bitcoin"  which is one of the strategy of causing fud. Besides, he would have been among the Craig Wright movement if Craig didn't stab him in the back.

As you said, we can't expect any fork now until it is bullish season but there's going to be BTC hard fork in the future.

[Falconer]

Yeah, I think the ETF might boost the market in the next bull run, or maybe another country like El Salvador or at least another nation joining the picture. Or maybe a huge company like Tesla or a Michael Saylor type of billionaire.

Some institutions can play a role in a bull market, but I don't expect us to always rely on them. Increased adoption and halving are the two things that drive investors the most regardless of the goal.

So there are still a lot of source of money that will propel bitcoin to the next bull run. And the expectation is the 6 digits will be hit in 2024-2025 so we will see. We just need to wait for the right time. We can't just force things in this market as it has it's own path and catalyst which is the block halving.

Yes, I agree about the halving but I don't know when this bull will start. In fact we are still in a prolonged bearish phase after last year's ATH, but even if that's true then I think this is the best time to get some bitcoin. Buy and hold, that's really good advice now.

[KennyR]

I can think of three things that would propel the price of Bitcoin upwards. Mostly it’s the removal of doubt and time though. The biggest doubt hanging over the market being the mtgox coins. Once those are distributed a huge weight will be lifted from the price. An ETF approval would also send Bitcoin skyward. Finally, besides increased adoption, the block reward halving will also tip the supply/demand towards the bulls.

Yeah, I think the ETF might boost the market in the next bull run, or maybe another country like El Salvador or at least another nation joining the picture. Or maybe a huge company like Tesla or a Michael Saylor type of billionaire.

So there are still a lot of source of money that will propel bitcoin to the next bull run. And the expectation is the 6 digits will be hit in 2024-2025 so we will see. We just need to wait for the right time. We can't just force things in this market as it has it's own path and catalyst which is the block halving.

More predictions on the reason for the next bull market makes the newbies have some satisfaction on the price increase. For users who have experienced the down market and it's upward movement, it is fine to go without any fear/panic.

The demand has to increase through some means. This will push the price forward and in recent days we haven't experienced any such incident. As mentioned a country to make it legal tender following El Salvador could trigger the price bounce. At any point it won't be serving as the key for real growth. As most users suggested it is time to have patience for the right time to profit.

[Chato1977]

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

[STT]

Thats why I always prefer the chart to guessing which news made us move.   Even if it appears obvious on a big move and big news, its usually also the case the preparation before the rise was there and buyers outweighed sellers.   Chart wise we are moving optimistically, only thing news to relate to that is a lower dollar and some relief in the European war dynamic, raising euro in ratio to dollar is considered expansionary and so helps lightened the weight on speculative assets such as BTC.
  Recent low was higher then previous, a series of higher lows is bullish price action.

[bestcoins1]

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

[YOSHIE]

I think this is the most accurate answer I’ve gotten so far

It seems I have to be a little patient lately judging and reading about Bitcoin speculation, it seems I have to stick to my stance and commitment to myself the continuation and direction of Bitcoin development now and in this year, it seems that such a method is a bit quieter for me, rather than having to see and read the direction of speculation which makes me a little sick to the count and towards the $$$$$ level.

I've seen and read about Bitcoin speculations to come, but still speculation experts are talking in an uncertain direction, today he says A$ tomorrow he says B$, this really confuses me, but I believe Bitcoin will go down again at the lowest point and will rise again to the highest point, but I don't want to mention how many $__$ numbers in have to calculate yourself.

[fullhdpixel]

Time, just be patient.

Yes, believe in your time that the price of Bitcoin will reach $100,000 in the crypto market soon and hold till the time come before you can sell to make a huge amount of income. Patient can also turn the price of Bitcoin from a downward to upward in the market, which many traders has experienced it before in the crypto market and it can still happen if you can embrace patient to hold your coins in this bearish season and wait for the price to hit $80,000 before you can sell to make a good profits. Faith can also turn the price of Bitcoin from downward to upward in the community, because it will be difficult for those that bought Bitcoin with faith some years ago in the crypto market not to wait for the bullish market to come.

Not only patiently hodling but if we really want the price to rise then we must accompany it with buying. It was also the investors are the ones who have a massive amount of patience but not really the traders since most of them will just buy and sell immediately. For them time is money so they shouldn't waste it.

You also mentioned faith there aside from patience but both of them can be a pair because if you don't have a faith in the coin that you invest or you don't believe that it will grow big in the future, you will also lose your patience easily. Those who invest in btc long time ago, can sell if they want to and they will still be in profit but of course it's better to sell only at the bull run.

[Chato1977]

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are  truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

[STT]

Inflation expectations vs FED raising rates, they raised rates to near 4% today with warnings about controlling the money supply.  Ultimately they are not going to reverse the amount they have over produced but they do wish to slow down the velocity and open exchange of currency to make it appear inflation is less.
   When inflation and the fear of FED rate rises is reduced,  partly because FED cannot raise forever it will cause recession then you will see BTC align to more speculative trends reappearing.

BTC has a big blip today on the FED news, Im cautiously optimistic it can build a positive trend if we maintain these current prices to build higher over some time.

[Oilacris]

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are  truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

For those who had been holding and accumulating cheap coins then it wont really be a stressful thing for them to mind off always on the price since we know on Bitcoins potential then that would be surely

enough for them to say that it is really just a right decision that had been made off.You cant really just make yourself to be on relax if you  do keep on checking out the price or market condition
specially when you do make out short trades then this is where people do usually had these kind of emotions.

It would be common on saying that we do need positive news of recognition or adoption to make things upside down but within this market where everything
 could really happen on random way.

[Russlenat]

One good news, if we get one good news then we are going to end up with everything alright, and that's not going to bother us as much. We just need to make sure that we are doing well enough and it should be fine. I understand that it's not going to be as simple, I know that it's going to take a while, but we need to make sure that we can hold long enough that ONE good news would make it go up.

If we can hang in there until that time comes, we are going to make a good profit, and when that happens it's going to actually make a big difference. I know that a lot of people get scared when they are investing, it's your money that you worked so hard for, but do not let fear make it even worse.

Good news and events will definitely make the price of bitcoin turns in an upward trend. So we should always be patient to wait for it as we won’t get the right timing when that good news will hit the crypto market. But as much as possible, learn to invest and hold for long term too, that way you can avoid from panicking because you are never too greed for fast and easy profits. And when positive news hit the market, then everything will be doing good and profitable at the end of the day.

[Vaculin]

Time, just be patient.

Patient enough that you won’t get into panic selling once everyone is into it due to fears and less faith in bitcoin. Although we get to not controlled our emotions sometimes, but if you just chose to stay positive despite of the uncertainties in the market and believe that bitcoin is the future, you will never get tired and become fearful  from investing bitcoin and hold it even for how many long years. Just wait for the right timing for bitcoin to become bullish, i know it’s still uncertain but we know it will eventually happen.

[Chato1977]

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

That is clearly true, because sometimes there is also news that is not good for everyone to read, because it was deliberately made to provoke many people to read it, even though the content is very negative and it can greatly affect the minds of everyone who reads it. So I don't think all the news needs to be read if the content is almost the same.

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

I will also be disappointed if the news content is not meaningful, because I often read new things to find out what I don't know, but if I see news that leads to negative values, then I immediately ignore it and look for other better sources, because now there are so many websites providing the latest news with more accurate statements of facts.

and this also free out mind from overthinking mate , because the negativities from Long term holders are  truly BS idea , better to forget the market for a while then this will help us lessen the thinking.

if downward trend stays then lets focus in holding.

For those who had been holding and accumulating cheap coins then it wont really be a stressful thing for them to mind off always on the price since we know on Bitcoins potential then that would be surely

enough for them to say that it is really just a right decision that had been made off.You cant really just make yourself to be on relax if you  do keep on checking out the price or market condition
specially when you do make out short trades then this is where people do usually had these kind of emotions.

It would be common on saying that we do need positive news of recognition or adoption to make things upside down but within this market where everything
 could really happen on random way.

Yes , but if this is what we all believe though the main problem here is that  most are seeking for easy money , and when they did not get what targeted? then changes will come and blame will be for the market.

delete all apps of exchange , delete Cache and history so you may not check the market that soon.

[Nrcewker]

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

If that will be your perception then that will live to your mind, best to divert your mind to positive when things like that comes to news ,

I hate being disappointed so I only set my mind to things that I only understand and believe and not those negativities.

Keeping yourself full of positivity won't help the price to go up. In fact we should accept the fact and act accordingly. Bitcoins are one of the rarest coin, so definitely today or tomorrow it's price will go up. If we see the question raised by OP then its pretty easy to answer, the Bitcoin's price will only grow when the demand of coin increases among the masses. Now many people are wandering why it will grow when demand increases ? Let me make clear to everyone that, Bitcoins are limited in number, this means no more Bitcoins can be created, so this make Bitcoins valuable. Now when the demand of the coin increases, the price will also increase in order to meet the demand of the people.

[Franctoshi]

I agree Bitcoin can go to about $12000 - $15000 downwards. Check out this link for what’s going to make it turn to an upward trend again. I think this is the most accurate answer I’ve gotten so far
https://www.instagram.com/reel/Cjo7KL3LMxu/?igshid=NDRkN2NkYzU=

We need strong fundamental (Bullish news event), Basically the Fed needs to pivot from raising interest rate, Too news events regarding hedge funds, Banks and institutional Investors coming in to Buy Bitcoin with huge amount of dollars (Demand).
Lastly, when Regulation comes into play, Because the Big investors needs regulatory clearity in order to Buy Bitcoin, and too we need to see more and more countries begins to adopt and legalize Bitcoin in their various countries.

I do believe that when we start seeing all this above listed points come to play, The law of Demand will take place and Bitcoin is definitely gonna react in price and take an uptrend.

[ginsan]

I am afraid that demand for bitcoin will not grow for long. It only happens when the price goes up, i.e. demand grows purely because of price manipulation. For example right now bitcoin is cheap, but only you and I need it, and other people aren't interested in it. Bitcoin is a new phenomenon, but I'm not sure it will prove to be anything stable. The bubble will inflate and deflate and most people will be disappointed and lose money.

I don't think so, I think bitcoin will continue to grow with greater demand in the years to come, We have to look at the longer term side to see more aggressive gains and be able to create new ATH. some big news is urgently needed to boost mass adoption. Well at the beginning of this month the price of bitcoin was more sideway in recent days and this shows that bitcoin demand is still stable in the sell-off. I think it has a big impact because we are approaching the end of the year and a lot of people will probably be selling bitcoins for their purposes in celebration of the end of the year. we can take advantage of the situation to buy at a lower price.