There will be more down - bearish on BTC

[Hypnosis00]

Market doesn't need any momentum, as long as everyone are buying Bitcoin and no countries ban Bitcoin, I can expect Bitcoin price would make new ATH every year or two year and it doesn't need until halving event happen.

Do you really think next year the market will recover? Western economy isn't in good condition and inflation rate is increase, we might see a real disaster on the next year. But there's nothing wrong if you want to accumulate Bitcoin right now.

When everything is bad especially looking at the world economic right now, then it’s best to just grab the chance and maximize bitcoin accumulation this time while everything is low priced and affordable. With or without halving, bitcoin will still be profitable in the long run provided that it’s own demand never stops and continue to rose high. No issue with the bears, the problem is when you don’t care buying when it’s in fact the perfect time to buy and hold.

Bitcoin will always have that feature (profitable) even during the bear season. What we just need is to become patient and responsible for what we are doing and take this bear season as an accumulation period. Buy low and sell high, this even works so well but doubted why many investors can't simply do this. Doubt is one reason why people are not able to hold on long, too much negativity in their minds drives them to think about selling earlier. if we asked there will be more down? - that is possible.

[STT]

All that is needed for BTC to go up is an absence of sellers and just a few buyers can move us.    How long that higher price can last is another matter, but prices are increasingly mobile the shorter the time frame we consider, the bigger issue is getting Bitcoin to close every week a little bit higher then the last till it means something.  We can trade all the way upto 30k now and it'd still not release all worries to the downside, its the full possibilities in the price allow quite a bit more variance then most expect but BTC is super volatile compared to most assets.
     Contrast that large range to recent action and we are adrift quite confusingly with little motion, never short a dull market is the saying quite true imo

[sunsilk]

When everything is bad especially looking at the world economic right now, then it’s best to just grab the chance and maximize bitcoin accumulation this time while everything is low priced and affordable.

Just take the known quote of Warren Buffett about bloods and the streets. People should take that seriously and literally when there's the chance given that we're seeing it right now.

With or without halving, bitcoin will still be profitable in the long run provided that it’s own demand never stops and continue to rose high. No issue with the bears, the problem is when you don’t care buying when it’s in fact the perfect time to buy and hold.

Let's take it that the upcoming halving is just less than 2 years already. Like, it's going to come like a year and a half and that's what basically we're positive for.

Those that have been strong in the market and have seen different scenarios will take this chance and won't let it pass until the next bull comes.

[ethereumhunter]

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

[Yaunfitda]

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

I will say it's better not to expect something big next year, and so personally I will treat it as still in the bear market even if there will be some spike in the price in 2023.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

History repeats itself, so I will hold that the next bull run will occur only after the bitcoin halving It has been the catalyst ever since. And so I doubt that it will be broken or we could be seeing ATH prior to this activity. So it's a long way to go for us and we could still buy cheap bitcoin, just saying.

[TravelMug]

As previous trends , logically.

we had our BTC top 1 year back(69000$). So after one year we can not expect another ATH going to happen. Market need sometime for next momentum. Even other markets too.

If we guess that we can expect next market preparation  after next halving ,. Hence , we have exactly 1 year and 5 months.

Clearly can see consolidation area in next year(2023). So definitely we can grab , more buying opportunities rather now.

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

This is my market reading. I know everyone does have different opinions. Lets share
 

Well if you have been in the market and have seen previous cycles, yes the catalyst for the next bull run is the bitcoin halving, and it is still very far.

Consolidation has been happening in the last 4 months, the price has been trading sideways, we might as well take that advantage and accumulate.

For 2023, yeah, maybe we can see lower lows for this bear market, there are predictions that it could be around $10k-$15k, but we will have see.

It’s not a problem actually if bitcoin will create possible lower lows by next year because it only means our opportunity to buy bitcoin and other coins is extended, thus giving us greater chances to be profitable when the final bull market is here. Although it’s still uncertain if we will witness a new all time high after bitcoin halving, but whatever it is, we should still not resort into panicking as it will only bring a total loss for all of us.

I'm not saying that it will be a problem if we see lower lows by next year or even prior to the bull run. Because that's how the natural lifespan of bitcoin market. So right now it's $17,500 and maybe next year around $15k or less?

Again, those who have experienced here will not panic if the price goes down hard, on the contrary they will take it as a perfect opportunity to accumulate BTC and have the patience to keep it till the next bull market.

[Crypto Legend]

If we look at the trend since the beginning of the year it seems that October to the end of the year the price will be red, this is what makes us have to be patient for hold, I'm sure next year the price will rise again and now is the best time to buy.

[Reid]

It will start moving wildly before the next halving, with that I am definitely sure. A big part of investors will likely be in an emotion of FOMO and they would be buying that will increase the demand.
Yes, it's a good buying amount now but maybe there are those who are still expecting for another bear, trying to get the cheapest as they could to maximize the profits.

[Gayong88]

Bitcoin price has been in the $18500 - $20800 range since September. This has two directions in which the market might go. The first is bullish where there is strong support above the market and it breaks. The second is bearish where there is no support whatsoever for the market and is heading for a new low but that seems unlikely as we are currently in the final stages of forming a consolidation pattern which usually occurs before an uptrend.

[palle11]

If we look at the trend since the beginning of the year it seems that October to the end of the year the price will be red, this is what makes us have to be patient for hold, I'm sure next year the price will rise again and now is the best time to buy.

I'm kind of optimistic that it will increase next year also but lets not be too confident about that. We can do DCA while the price start to recover . Bitcoin price last two days having been giving some ranging direction of bull and bear trying to breakout to a direction and this is the festive period approaching, we need to be careful and watch out for volatility.

[virasog]

Market doesn't need any momentum, as long as everyone are buying Bitcoin and no countries ban Bitcoin, I can expect Bitcoin price would make new ATH every year or two year and it doesn't need until halving event happen.

Do you really think next year the market will recover? Western economy isn't in good condition and inflation rate is increase, we might see a real disaster on the next year. But there's nothing wrong if you want to accumulate Bitcoin right now.

You have a mixture of opinions here. At one point you are saying that bitcoin will create ATH every year or two while on the other hand, you are asking whether bitcoin will recover because of the bad conditions for the financial markets. Well, I think that bitcoin will follow its cycle, and the next all time high will be after the next halving.

Currently, bitcoin follows stocks and overall economic conditions of the global markets, i hope one day bitcoin will be decoupled from all these and pump & dump of its own without external factors affecting its price.

[fzkto]

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

Now there has probably been a normal bounce and the euphoria about this event scares me a bit. Everyone is now starting to talk about a reversal and that a new bull run is coming. I doubt it will happen before the halving as well. It usually happens afterwards. So if this cycle continues, there will be a bull run in 2 years.

[doomloop]

Definitely, no one should be expecting a big pump in price now or in 2023. Am not an analyst but I can say we are probably in the accumulation phase. The price is low enough for people to start accumulating except people really believe btc will go below 19k. But once btc halving is done, the market will start gathering momentum again. IMO I think now is as good a time because it is not easy to time btc price and buy the bottom.

Like it or not there will always be people that are like that who thinks $100k is around the corner. I was exactly like that but not for now because I am aware that there is only a limited time left to end this year and I don't think there will be a fast bull run that will happen but my hopes about the bull are resuming next year.

There's also people who believes that the real bottom is not reach yet, that is why they hold on for a while and wait for the price to dip more before they start accumulating. You only think it's not easy to make a timing, in case the price drops but that is you're doing it manually. Don't forget that there are now automation tools that we can use so that we won't miss any good opportunities.

[Kelvinid]

It will start moving wildly before the next halving, with that I am definitely sure. A big part of investors will likely be in an emotion of FOMO and they would be buying that will increase the demand.
Yes, it's a good buying amount now but maybe there are those who are still expecting for another bear, trying to get the cheapest as they could to maximize the profits.

Huge investors will be trying to manipulate the market by creating a huge demand and pumping the price, then suddenly a huge selling is to come out next. Some people will then think about the bull trap.
Well, I have no wonder why some people will think about more drops but the question is "if are we going that way?". Because I was going to assume that we are already been done with it and now we are moving high towards the upcoming halving. However, with the market inflation and economic recession happening at this time, another drop can be possible but never I think of another bottom.

[CageMabok]

If we look at the trend since the beginning of the year it seems that October to the end of the year the price will be red, this is what makes us have to be patient for hold, I'm sure next year the price will rise again and now is the best time to buy.

Did you not see green yesterday in the market? or you didn't have time to open the market yesterday to see the price increase that occurred, even though at this time it has decreased slightly again. But I don't think this will continue to happen, because unexpected increases can also occur this year such as declines that many people did not expect. Buying at this time is still a good option, but predicting price increases and decreases, I think, is not always necessary if someone is really sure about his decision at this point.

[GreatArkansas]

(.....)
Clearly can see consolidation area in next year(2023). So definitely we can grab , more buying opportunities rather now.

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

You have point here, and also I am thinking if the year 2023 is the consolidation time or level. Then I expect we will start to see some upward price action in the first quarter of year 2024 which that is months before the Bitcoin block halving which I believe a huge event for entire cryptocurrency market, not only for  Bitcoin, but also with altcoins market.

[Reatim]

No matter what happens if you still have the old version of strategy(That is called HODL) then you must agree that in the coming Halving (or at least after or before) the price will increase so with those? I believe that we are near seeing the moment of truth.

More bearish is already in place now for how many months that we are tasting this process , but at least in today or I guess since recent days that the value is increasing  (little by little) so Maybe we will be noticing some big changes in November?

(.....)
Clearly can see consolidation area in next year(2023). So definitely we can grab , more buying opportunities rather now.

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

You have point here, and also I am thinking if the year 2023 is the consolidation time or level. Then I expect we will start to see some upward price action in the first quarter of year 2024 which that is months before the Bitcoin block halving which I believe a huge event for entire cryptocurrency market, not only for  Bitcoin, but also with altcoins market.

2023 or at least 2024 will be the beneficial position , and in 2025 will be the best result .

[lienfaye]

It’s not a problem actually if bitcoin will create possible lower lows by next year because it only means our opportunity to buy bitcoin and other coins is extended, thus giving us greater chances to be profitable when the final bull market is here. Although it’s still uncertain if we will witness a new all time high after bitcoin halving, but whatever it is, we should still not resort into panicking as it will only bring a total loss for all of us.

Yes even the bearish season will last longer, it's not a problem for investors who are thinking positively and seeing it as an opportunity to accumulate more.

However not all investors are thinking the same way specially the weak investors who tend to panic everytime the price drop further. Thus, investing is Bitcoin is only for investors who can handle their emotions and able to hold regardless of the situation.

[ethereumhunter]

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

I will say it's better not to expect something big next year, and so personally I will treat it as still in the bear market even if there will be some spike in the price in 2023.

The important thing is that we can prepare for whatever will happen next year to get a good momentum to buy or sell. But I'm hoping that next year's conditions will turn around for the better than they are now and while the price won't be able to soar to the last ATH, it should hopefully hit $30k or more.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

History repeats itself, so I will hold that the next bull run will occur only after the bitcoin halving It has been the catalyst ever since. And so I doubt that it will be broken or we could be seeing ATH prior to this activity. So it's a long way to go for us and we could still buy cheap bitcoin, just saying.

If so, we still need to be patient as bitcoin split in half needs to be around 1 year 6 months. But hopefully, before that happens, the bitcoin price can hit a high price and maybe reach $40k-$50k again before creating a new ATH.

We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.

And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.

Now there has probably been a normal bounce and the euphoria about this event scares me a bit. Everyone is now starting to talk about a reversal and that a new bull run is coming. I doubt it will happen before the halving as well. It usually happens afterwards. So if this cycle continues, there will be a bull run in 2 years.

Maybe it's because we are currently seeing the price going back to $20k that we think a reversal is happening and this situation will continue. But we should still be careful because this may still be temporary and there is no clue whether this is indeed the reversal we were hoping for or is it just a temporary upside. But if it is a rise before the halving, maybe it will still take some time so we have to be patient again.

[yudi09]

Stay cool. Hold on to Bitcoin's annual cycle that it won't be long before we get to that momentum. Hold on before we are in 2024.

we had our BTC top 1 year back(69000$). So after one year we can not expect another ATH going to happen. Market need sometime for next momentum. Even other markets too.

If our financial ability is enough to buy, do it. For now, that's what we need to do. Avoid any form of information that misleads the mind of our view in seeing the future of Bitcoin.