There will be more down - bearish on BTC

[Gozie51]

Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over.   how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now.  I dont think this exchange was a big enough reason but its not for me to decide.

The price that is going down lately can be linked to it IMO. Bitcoin almost have recovered and climbing above $20k and suddenly started slumping down to $17k. I hope that this December season can bring it back to recovery otherwise we may keep seeing more falling in 2023 because it is a year preciding the halving and usually it goes bear at such time.

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[yudi09]

The Bitcoin price shock to test how strong the belief is in choosing Bitcoin as an investment just happened.
$15,880.78 closing price on Nov 09, 2022 and for us it is a test of weakness or strength in holding on to Bitcoin.

The decline in the price of Bitcoin due to the chaos between the two largest exchanges I don't think will last very long although at this time the test of patience for those who hold Bitcoin must be implemented immediately because I am still very confident that Bitcoin can still rise again this year to the price of $ 20K.

$20k a very low target. We see $20k initial support price although currently Bitcoin price is trying to rise to $18k price.
On the one hand, the case between the two largest exchanges made market activity a bit chaotic. While on the other hand there is an attempt at play to mess things up.
But we still firmly believe that this situation will change over time.

[iamsange]

All opportunities can certainly happen and make us always have to be vigilant, the FTX case made the market cloudy so that it created panic, bitcoin that went up like a crawl had to plunge and create an opportunity to plunge below $15k this month.

Opportunities to fall lower for Bitcoin are still very much open, but if the FTX case and the panic of traders start to disappear in the near future, then for a lower price reduction on Bitcoin it will be a little difficult to happen because the opportunities that exist now will be exploited again by investors. traders to increase their portfolio to more and more amounts and it also opens up opportunities for another increase in the price of Bitcoin.

[Kadal Ijo]

Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over.   how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now.  I dont think this exchange was a big enough reason but its not for me to decide.

The price that is going down lately can be linked to it IMO. Bitcoin almost have recovered and climbing above $20k and suddenly started slumping down to $17k. I hope that this December season can bring it back to recovery otherwise we may keep seeing more falling in 2023 because it is a year preciding the halving and usually it goes bear at such time.

Last week I was optimistic that the price would continue to rise and touch $ 25k, unfortunately the big case, FTX, made panic and had a big impact, FTX had a greater impact than Luna because it was proven that many investors sell assets and make large pressures and if FTX did not recover it would have more impact Large is the price can drop below $ 15K.

[BigBos]

Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over.   how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now.  I dont think this exchange was a big enough reason but its not for me to decide.

The price that is going down lately can be linked to it IMO. Bitcoin almost have recovered and climbing above $20k and suddenly started slumping down to $17k. I hope that this December season can bring it back to recovery otherwise we may keep seeing more falling in 2023 because it is a year preciding the halving and usually it goes bear at such time.

Last week I was optimistic that the price would continue to rise and touch $ 25k, unfortunately the big case, FTX, made panic and had a big impact, FTX had a greater impact than Luna because it was proven that many investors sell assets and make large pressures and if FTX did not recover it would have more impact Large is the price can drop below $ 15K.

Yes, that's right, most likely the market will continue to be bearish until 2023 in terms of news and market sentiment, also not a few analysts and media say it makes Holder desperate.
what happened to the FTX, scares holders big and small today.

but it's prophecy and prediction, we don't know what will happen the next day after this incident.

but could this be an opportunity for us to save some money and buy Bitcoin at the lowest price later and keep it for a few years? I guess I'll tell some of my friends about this.

[Fara Chan]

Opportunities to fall lower for Bitcoin are still very much open, but if the FTX case and the panic of traders start to disappear in the near future, then for a lower price reduction on Bitcoin it will be a little difficult to happen because the opportunities that exist now will be exploited again by investors. traders to increase their portfolio to more and more amounts and it also opens up opportunities for another increase in the price of Bitcoin.

It looks like it will stall at $16k this year and my assumption won't be any further below that price for the next few months. The FTX case and the market panic caused by the acquisition of Binance had an impact on the current market reaction, this prompted traders or investors to withdraw, but it seems that this has not found a common ground, resulting in a very slow FTX settlement process. Hopefully the FTX case is not the same as Celsius, because traders need FTX as one of the best exchanges ever.

[Silberman]

Last week I was optimistic that the price would continue to rise and touch $ 25k, unfortunately the big case, FTX, made panic and had a big impact, FTX had a greater impact than Luna because it was proven that many investors sell assets and make large pressures and if FTX did not recover it would have more impact Large is the price can drop below $ 15K.

After the drop caused by FTX there was a small recovery, but once again the price is very close to go below the 16k level, and at this point if we were to suffer from another scandal there is no way to know how low the price could go as people are still in a state of panic since we have suffered many scandals during this year, but while this could be bad for us during the short term if you decide to invest in bitcoin right now you could accumulate huge profits in the future, so while I am sorry about the people which are selling their coins now, I think they still hold some responsibility by letting whales scare them so easily into selling their coins.

[lienfaye]

Last week I was optimistic that the price would continue to rise and touch $ 25k, unfortunately the big case, FTX, made panic and had a big impact, FTX had a greater impact than Luna because it was proven that many investors sell assets and make large pressures and if FTX did not recover it would have more impact Large is the price can drop below $ 15K.

After the drop caused by FTX there was a small recovery, but once again the price is very close to go below the 16k level, and at this point if we were to suffer from another scandal there is no way to know how low the price could go as people are still in a state of panic since we have suffered many scandals during this year, but while this could be bad for us during the short term if you decide to invest in bitcoin right now you could accumulate huge profits in the future, so while I am sorry about the people which are selling their coins now, I think they still hold some responsibility by letting whales scare them so easily into selling their coins.

There's a possibility for the price to turn downward further if there's no good news that can bring back the confidence of the investors to buy and hold. Many of us now are panic selling and lose hope that Bitcoin will recover. These people are often the weak investors who don't have the courage to wait patiently, even in past bear season, weak investors tend to act that way everytime things are uncertain in crypto. We can see at this time the importance of having knowledge before investing because it can help you to better understand the situation and can think of the best thing to do in times like this. If you join the ride because of hype, it is likely you're one of those who will panic because of fear for your invesment.

[G_Besar]

It looks like it will stall at $16k this year and my assumption won't be any further below that price for the next few months. The FTX case and the market panic caused by the acquisition of Binance had an impact on the current market reaction, this prompted traders or investors to withdraw, but it seems that this has not found a common ground, resulting in a very slow FTX settlement process. Hopefully the FTX case is not the same as Celsius, because traders need FTX as one of the best exchanges ever.

Some investors simply withdraw from the FTX exchange and they do not withdraw from other exchanges. This clearly opens up the possibility that they run to another exchange that doesn't have any cases or problems to make a purchase at a lower price before things escalate again and return to normal.

After all, in this case only FTX is the victim, while Binance is still very safe to use as usual, because Binance is not an exchange that runs away from problems, but Binance is an exchange that always likes to solve problems for the convenience of its users.

[Dimitri94]

Whenever a good movement is expected in the market, the market again takes a big turn for any negative reason. As happened due to Luna Crash. I just saw another big decline when the market was closing at $21000 after a long time and then the price fell again due to FTX going bankrupt. According to the current situation, I don't think the market will be in a very good position until 2024.

[FanEagle]

I really doubt this. It looks like the market is trying to overcorrect itself when it tries to go up and then it causes a bit smaller crashes as a response. But, just keep at it and you will realize that there is absolutely nothing wrong with the price and it could go up. Just allow it to go up slowly, and have patience and I promise you that the price will be 20k+ very soon.

Many people react to these falls with panic, and they end up selling when they should be buying, which of this causes trouble for them. There is a good chance we could end up with a good deal if we buy right now and just wait for it to go up, it is so low that there isn't really any bad side to it.

[kotajikikox]

Theres sure to be more tests now this event has negated support, momentum and the recovery a few times over.   how many tests are required to rebuild support is debatable but at least we break from the sideways range I think is quite certain now.  I dont think this exchange was a big enough reason but its not for me to decide.

and i think we passed the test because the dumping stops now ,  because after falling to 15k level

7d Low / 7d High   
$15,682.69 /
$21,446.89

now we are seeing it grow to 17,500 and looks like there is more to come this November .
with that I believe that we  will be in good shape in this coming December , though the problem will not stop here because surely in 2023 there is lot bear to happen.

Whenever a good movement is expected in the market, the market again takes a big turn for any negative reason. As happened due to Luna Crash. I just saw another big decline when the market was closing at $21000 after a long time and then the price fell again due to FTX going bankrupt. According to the current situation, I don't think the market will be in a very good position until 2024.

we are use to it mate, we have seen this so many times before and that helps many of us to re buy after selling .

[Fara Chan]

Some investors simply withdraw from the FTX exchange and they do not withdraw from other exchanges. This clearly opens up the possibility that they run to another exchange that doesn't have any cases or problems to make a purchase at a lower price before things escalate again and return to normal.

After all, in this case only FTX is the victim, while Binance is still very safe to use as usual, because Binance is not an exchange that runs away from problems, but Binance is an exchange that always likes to solve problems for the convenience of its users.

Not in the near future, did you know that since the FTX case has strengthened on social media, many investors are starting to get sluggish in entering the market, they monitor the case development process, this clearly has an impact on a crisis of confidence in the exchange, even though they may use other exchanges in the near future to trade.
It's not a matter of responsibility or not, it's more a crisis of confidence that's currently hitting the FTX market, so that negative sentiment is still building and will affect the market in general, this has an impact on investors not to rush in taking opportunities.

[Reatim]

Whenever a good movement is expected in the market, the market again takes a big turn for any negative reason.

it looks like indeed , for so many times this happens , whenever there is a good hype? things like this will happen and make the market drops.

As happened due to Luna Crash. I just saw another big decline when the market was closing at $21000 after a long time and then the price fell again due to FTX going bankrupt. According to the current situation, I don't think the market will be in a very good position until 2024.

and there are so much thread and post created that we will see a 10k dump, though I still trust the bitcoin can hold strong but opportunities to come is still there for this bad expectation.

[Sebas.tian]

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

Yes, bearish market is about to disappear for bullish market to come for those that invested in Bitcoin and other cryptocurrencies to use the opportunity to make a huge amount of money from their investments. I think, this month of November and December is a months that will show positive signs to investors that bullish market will be massive in next three months to allow both long term investors and short term investors to embrace something passive from their investment. I don't think, this bearish market will reach December 30th before the bullish will start affecting investors in the community.

[Silberman]

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

Yes, bearish market is about to disappear for bullish market to come for those that invested in Bitcoin and other cryptocurrencies to use the opportunity to make a huge amount of money from their investments. I think, this month of November and December is a months that will show positive signs to investors that bullish market will be massive in next three months to allow both long term investors and short term investors to embrace something passive from their investment. I don't think, this bearish market will reach December 30th before the bullish will start affecting investors in the community.

I do not really understand where your optimism is coming from, even without the current news I would find difficult to believe that the market will experiment a huge recovery when we are still in the middle of the bear market, but now that a new exchange has fallen and there are rumors which indicate other exchanges may follow then it is almost impossible for any kind of positive movement to appear in the market, as the conditions are simply not there for such a thing to happen.

[rodskee]

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

Yes, bearish market is about to disappear for bullish market to come for those that invested in Bitcoin and other cryptocurrencies to use the opportunity to make a huge amount of money from their investments. I think, this month of November and December is a months that will show positive signs to investors that bullish market will be massive in next three months to allow both long term investors and short term investors to embrace something passive from their investment. I don't think, this bearish market will reach December 30th before the bullish will start affecting investors in the community.

I do not really understand where your optimism is coming from, even without the current news I would find difficult to believe that the market will experiment a huge recovery when we are still in the middle of the bear market, but now that a new exchange has fallen and there are rumors which indicate other exchanges may follow then it is almost impossible for any kind of positive movement to appear in the market, as the conditions are simply not there for such a thing to happen.

exactly , even though we are going near December in which most of the time are showing us good increase but nowadays ?when there are so much things in bad that in the market?
maybe we will see different December now and may continue this downtrend till the end of the year.
I am still hoping that there will be at least 30k increase but I think there is no wrong in giving just this year .

[Kemarit]

We had Bull market , Now we are at the end of the bearish momentum. Consolidation area is incoming.

Yes, bearish market is about to disappear for bullish market to come for those that invested in Bitcoin and other cryptocurrencies to use the opportunity to make a huge amount of money from their investments. I think, this month of November and December is a months that will show positive signs to investors that bullish market will be massive in next three months to allow both long term investors and short term investors to embrace something passive from their investment. I don't think, this bearish market will reach December 30th before the bullish will start affecting investors in the community.

I do not really understand where your optimism is coming from, even without the current news I would find difficult to believe that the market will experiment a huge recovery when we are still in the middle of the bear market, but now that a new exchange has fallen and there are rumors which indicate other exchanges may follow then it is almost impossible for any kind of positive movement to appear in the market, as the conditions are simply not there for such a thing to happen.

Yeah, I will assume that those who have been preaching that hasn't experience the bearish trend, it's full cycle and what it bring to investors big or small.

So I have no doubt that even next year, we will continue to see this bearish trend and maybe another lowest low, which will really put a lot of panic and shock again. Nevertheless, as we've seen, the bear cycle is hard, but it has to come to an end. The catalyst will be the halving in the first half of the year, so just have to be very patience from now on till the bitcoin block halving.

On the contrary, take advantage of every dip and buy cheap BTC.