There will be more down - bearish on BTC

[Pierre 2]

All the time when Bitcoin moves above 20000 dollar level I see people starting to cheer up and in a day or two it goes down. I also keep saying that markets still feel bear (or red, you can call it whatever you want), tiny jumps mean nothing. Actually tiny jumps can be more dangerous to price in long run because holders that hold Bitcoin around 18-19000 levels may start to sell and start greater gap between buy and sell orders. It is best to watch Bitcoin right now while getting interest through stable usd coins, in my opinion.

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[Oasisman]

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.

Most likely late in 2024 after the Bitcoin halving. This is where most people are so hyped up.
A lot of people were so concerned about the current bearish run, some are very worried when Btc tends to make an indicator that the dip continued below $15k.
We tend to forget what happened in the 2018 bear market where Btc almost touched the $2k level. It's just unfortunate that there are still those who have never learned how Bitcoin works.

[Ani1985]

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

[Silberman]

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

While it is true the price has gone up during the last week this is not enough to predict that the price is going to skyrocket from now on, we still have many difficult months ahead of us as we are still far away from the next halving, which as we now it is the best catalyst for a new bull run, so it is important to be patient and wait until we get closer to the halving before we begin to invest massively in bitcoin, as there is still a possibility the price could keep going down.

[Sir Legend]

It looks like the market trend is starting to improve after yesterday the price returned to $20k, and Doge is a coin that is up more than 50% in a day or more than 115% in a week, usually if there are altcoins that skyrocket it will have a direct impact on bitcoin prices.

[bestcoins1]

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

Even though buying when the market conditions still look red is the best option ever this year, why buy when it is experiencing an increase like now? Because when there is an increase in the market, it is actually an opportunity for those who are already buying at a low price and placing a sell order at the price they want. Although it is still possible to buy again in its current condition, it is more effective and better to buy before the upgrade.

[buwaytress]

All that is needed for BTC to go up is an absence of sellers and just a few buyers can move us.

Every now and then someone remembers what actually makes price change. More buyers than sellers > up. More sellers than buyers > down.

I mean, yeah I get it, it's not just about that. Could be a handful of whales overcoming hordes of minnows, but those don't tend to have long-term impact.

So if we go back to market basics, then we have to understand what situation will need to take place for there to be more buyers than sellers. And as much as I want to believe Bitcoin impetus is different from everything else, global economic conditions are far too painful to allow most people the luxury of buying Bitcoin (right now).

[Taskford]

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

Even though buying when the market conditions still look red is the best option ever this year, why buy when it is experiencing an increase like now? Because when there is an increase in the market, it is actually an opportunity for those who are already buying at a low price and placing a sell order at the price they want. Although it is still possible to buy again in its current condition, it is more effective and better to buy before the upgrade.

If you do it for spot trades maybe you cannot earn huge on small changes not unless if you are a whale which trades daily huge amount. But if you are only trade some low amount much better if you do it on futures because you can feel the certain effect base on what leverage you set. But for long term its best to buy when market is crashing and don't look at the next happening since what's more important is the next bull run since for sure we can earn once bull run will happen again.

[Yamifoud]

It seems that the market is immediately rising so I'm sure the price will skyrocket starting in October now, it is proven that this week the price has gone up more than 8%, not much time to wait and we should buy a lot before the price becomes more expensive.

Even though buying when the market conditions still look red is the best option ever this year, why buy when it is experiencing an increase like now? Because when there is an increase in the market, it is actually an opportunity for those who are already buying at a low price and placing a sell order at the price they want. Although it is still possible to buy again in its current condition, it is more effective and better to buy before the upgrade.

More people have their mindset to just buy when there is a pump showing up in the market. We couldn't blame them either because they believe that this is an indication of upcoming bullish. Many people take this as an effective way of investing but I say it was a more profitable way of investing when buying at the red market like these days. I assume people already know about "buy low and sell high", if they are consistent with this, I would say that all investors are really in profit.

[Tony116]

It looks like the market trend is starting to improve after yesterday the price returned to $20k, and Doge is a coin that is up more than 50% in a day or more than 115% in a week, usually if there are altcoins that skyrocket it will have a direct impact on bitcoin prices.

Doge pump was due to the news surrounding Twitter and Elon's deal was successful. But I don't think the growth of altcoins will affect the bitcoin price, it must be said that bitcoin itself will affect the price of altcoins. You will never see green in the alts market if bitcoin is not green. Some special cases like doge are hyped by some news but it will also return to the trend of bitcoin soon. Bitcoin is still leading the market, always deciding the next trend for the market.

[skarais]

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.

Based on the facts, I think you are right. It takes time and great things to rehash ATH, but you just have to wait and enjoy this journey until the next ATH hits.

We had Bull market , Now we are at the end of the bearish momentum.

I haven't thought about the bearish ending at the moment, the big discount on the bitcoin price is still going on and you should probably know that the discount is still around 70% of ATH. Despite all the price volatility, you just need to set up a net to buy a lot on the dips but of course after you do some analysis. Long term goals should be your priority, but please don't take this minor bounce as a bearish end as correction can still be expected to knock down the $20K support.

[STT]

Before down you must go up, theres no momentum downwards or either direction at present.   Seriously if you want to be negative or really believe we resolve downwards we need a run up to clear that resistance in that direction.  So I do think we would have price action something like a rally upto 200 day average at 25k, then we plunge downwards perhaps if you believe that.




Here a brief daily chart, we are positive imo.  Maybe its a flag but really only two things to watch, are we to break this range upwards or downwards.  Up could give us a path to 25k and its not too great a target imo

[nurilham]

If we always follow the cycle, then most probably after halving, we will witness a bullish market and a new ATH for bitcoin. So whatever the price by that time, then we should always take advantage of this bearish market today and buy bitcoin as much as we can. Now is the best time to buy and hold, even if we might see more bearish prices along the way. The time that we start maximizing our bitcoin portfolio, then it will also make a good profits guarantee in the near future.

We can see the same scheme in the previous bullrun seasons, the bullish market always happened after Bitcoin halving. No new Bitcoin ATH before BTC halving, and no altcoin season before halving. It proves that Bitcoin halving has a big role to determine the next bullrun season. We can't expect the bullrun season before Bitcoin halving happens. Sure, now is the right time to buy Bitcoin but not many people have enough money. Some people may still many coins in their wallets, they may prefer to keep the coins and don't consider buying. However, if having extra money, it is better to add more assets with top coins.

[btc78]

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.

if you have funds to keep holding then why not? but the main issue here is that how much we can invest in this and how much time we can give in this waiting time.

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.

weak investors are not belong here , because the more we eager to earn in this volatile market is the more we gain nothing.

Just wait and hold this is the perfect strategy still.

[Silberman]

I hope the price will rise soon, we have experienced a bearish period for almost a year and it is time for bitcoin rising, some altcoins such as Eth, XRP, Doge continue to rise and I hope this is a trigger for bitcoin can rise. If the market continues to bearish then I am worried that it will happen longer as happened in 2018 which takes about 3 years to be able to reach New ATH.

Altcoins do not bring bitcoin with them when they go up in value, instead we see the opposite, in which when bitcoin goes up in value eventually this raises the interest of investors in speculating with altcoins and this makes their prices to go up, now I understand those which are invested in this market would like to see bitcoin to react as soon as possible and go up in price, but if I am honest I do not see the bearish trend disappearing soon and they should prepare for bitcoin to not achieve another ATH until 2024 at the earliest.

[rodskee]

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

Although estimates are not always accurate, I agree with what you say. I also expect the market to bounce back in 2024, or a year and a half from now. But will the Bitcoin market surpass ATH? I'm sure, Bitcoin will surpass ATH. And make a new record in the bullrun in the future.

But the topic talks about Bearish market that may happen in the coming days,  I also agreed that we may see another ATH breaking in the coming years , or at least after the Halving .

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About those days that downing will happen? I'm sure everyone of us expect this if we truly know what this kind of market we are dealing.

and also one thing , lets take that opportunity to buy more while the market is dropping .

I hope the price will rise soon, we have experienced a bearish period for almost a year and it is time for bitcoin rising, some altcoins such as Eth, XRP, Doge continue to rise and I hope this is a trigger for bitcoin can rise. If the market continues to bearish then I am worried that it will happen longer as happened in 2018 which takes about 3 years to be able to reach New ATH.

where did you get that beliefs mate? about Bitcoin will be carried by altcoins?

[Joshapat]

I hope the price will rise soon, we have experienced a bearish period for almost a year and it is time for bitcoin rising, some altcoins such as Eth, XRP, Doge continue to rise and I hope this is a trigger for bitcoin can rise. If the market continues to bearish then I am worried that it will happen longer as happened in 2018 which takes about 3 years to be able to reach New ATH.

Altcoins do not bring bitcoin with them when they go up in value, instead we see the opposite, in which when bitcoin goes up in value eventually this raises the interest of investors in speculating with altcoins and this makes their prices to go up, now I understand those which are invested in this market would like to see bitcoin to react as soon as possible and go up in price, but if I am honest I do not see the bearish trend disappearing soon and they should prepare for bitcoin to not achieve another ATH until 2024 at the earliest.

It must be recognized that the influence of Bitcoin is very strong in influencing the market, although at this time most trading couples are stable coins but this does not change the dominance and influence of Bitcoin, of course we hope that Bitcoin immediately rises so that it can make Altcoins also rise.

[justdimin]

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

Although estimates are not always accurate, I agree with what you say. I also expect the market to bounce back in 2024, or a year and a half from now. But will the Bitcoin market surpass ATH? I'm sure, Bitcoin will surpass ATH. And make a new record in the bullrun in the future.

But the topic talks about Bearish market that may happen in the coming days,  I also agreed that we may see another ATH breaking in the coming years , or at least after the Halving .

There is no doubt in most people’s minds that we are going to see another ATH, that’s how bitcoin works, we do not just reach a high level never to reach that again, we reach a new high level just so we could break it later on. These resets and the price crashes are a bit about the world economy as well, right now the world is not doing that well and the economy sucks.

When the world economy is in shambles that means there are not that many people who could invest, people do not have money to invest because they are barely surviving, each month is harder and harder, which means that there is a good possibility we will not be able to see the price going up at this moment, but whenever that’s fixed, we will go up again.

[Punakawan]

Predictions from many experts believe that the market will bearish again, we must prepare, I will also immediately sell if the price of Bitcoin drops again below $ 20K, a difficult decision but as an investor we must always be realistic so as to avoid greater losses.

[Jating]

Predictions from many experts believe that the market will bearish again, we must prepare, I will also immediately sell if the price of Bitcoin drops again below $ 20K, a difficult decision but as an investor we must always be realistic so as to avoid greater losses.

Not sure if that is the correct assumption though, we don't sell when the price is going down because you are going to lost money in that strategy and remain clam when the price is going spiral. And if you have money, the best thing to do is buy at the dip and hold, this is just a advise though, take it or leave it.

And so if the price continue to decline in the last 2 months, I wouldn't be affected. Besides we are in a bear market and obviously price is going down and there will be bleeding everywhere you look. It's how you are going to take advantage of this bad situation.