Bitcoin still looking bearish during the holidays

[Ziskinberg]

Looking at the orderbook, the whales are trying to push the price down, taking advantage of low liquidity during holiday times, especially on coinbase

My latest video goes through each exchange to see where and how the price is being pushed around

https://www.youtube.com/watch?v=x78YQP-FxyM

It is sometimes hard to accept the reality but I see this event happen in the past holiday season. However, I don't make myself worried about the current situation as this will come to an end someday.

I'd see the economic crisis continue which has a huge impact on our financial capabilities bringing some limitations to investment. We are leaving the year 2022 a few hours from now (forum time) but see no changes since the market, still remains bearish. It is really hard to speculate how long that we are in this situation - red market.

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[bestcoins1]

Me, I am a long-term investor and what I want is for bitcoin to drop more, as much as possible, because I want to own cheap bitcoin. I don't want bitcoin to rise again too soon. A lot of people are expecting bitcoin to increase in price in the new year, but I am expecting the opposite, and I am glad that many people believe bitcoin will rise again. Because I see bitcoin always tends to go against the crowd, and this time I hope it will repeat.

Those who hope for an increase in Bitcoin are those who have had time to buy when the price of Bitcoin is cheap, so it's only natural that they expect an increase because they already have Bitcoin in their wallet, while those of you who expect the opposite is to get Bitcoin at a cheap price because you still don't dare to buy at the current price or may not have time to buy at a time when the Bitcoin price is cheaper than the current price. So there is nothing wrong with any expectation of some people in Bitcoin for now because in the end you will also be happy with the improvement in Bitcoin.

[_BlackStar]

It is sometimes hard to accept the reality but I see this event happen in the past holiday season. However, I don't make myself worried about the current situation as this will come to an end someday.

I'd see the economic crisis continue which has a huge impact on our financial capabilities bringing some limitations to investment. We are leaving the year 2022 a few hours from now (forum time) but see no changes since the market, still remains bearish. It is really hard to speculate how long that we are in this situation - red market.

Yes, we are still in a bear market at the moment. There hasn't been much movement and it's been going on for a while. We are also still at -76% since last year's ATH, possibly more dumps in the event of a recession.

Anyway, I can say the market looks saturated at the moment, traders and investors seem more patient and avoid panic when facing certain moments such as Christmas celebrations and the end of the year. But I still hope a lot that we can look forward to the price movement in 2023 or to be precise in Q1. I don't expect $10K to take a hit in the event of a recession, but of course we can't prevent it any more than we can.

[maydna]

While bitcoin still looks bearish, it will surely be replaced by bullish ones, and maybe in 2023, that will all start to change. And it seems we still have to be patient in waiting for price changes in the market, and don't be afraid if the market experiences another correction because that's what usually happens. And I'm sure many people will still be waiting for the market to return in a better direction. They still buy many potential coins besides bitcoin because they also believe the crypto market will get better again.

[S A KHAIR]

Me, I am a long-term investor and what I want is for bitcoin to drop more, as much as possible, because I want to own cheap bitcoin. I don't want bitcoin to rise again too soon. A lot of people are expecting bitcoin to increase in price in the new year, but I am expecting the opposite, and I am glad that many people believe bitcoin will rise again. Because I see bitcoin always tends to go against the crowd, and this time I hope it will repeat.

Those who hope for an increase in Bitcoin are those who have had time to buy when the price of Bitcoin is cheap, so it's only natural that they expect an increase because they already have Bitcoin in their wallet, while those of you who expect the opposite is to get Bitcoin at a cheap price because you still don't dare to buy at the current price or may not have time to buy at a time when the Bitcoin price is cheaper than the current price. So there is nothing wrong with any expectation of some people in Bitcoin for now because in the end you will also be happy with the improvement in Bitcoin.

If bitcoin goes up from now on, I will still be profitable because I already have some bitcoins at 17k, but I want it to drop more, I want to own more. Because once bitcoin bounces back, I believe we won't have a chance to see $16k worth of bitcoins again. In 2018 when bitcoins were at 3k, people who didn't buy them never had a chance, and now we have also run out of opportunities to buy bitcoins for 3k.
Do you prefer 100% profit or 200% profit, or 300% profit? The more bitcoin falls, the more profit we have.

[GeorgeJohn]

Bitcoin as i said before now in other thread, the Bitcoin price is not longer trustworthy, shall i know that since the existence of bitcoin it never be trustworthy, and i from my observation it seems that Bitcoin price will continue fall and when it can get it resistance, should be by the middle of the year 2023, so in another way round let us believe that we will have investors.

[Mpamaegbu]

Honestly speaking, I long expected that price will stay down around the holidays and that's simply because this is the period most investors tend to take out profit to be with families. Holidaying with families involves spending cash. Going forward, I expect price to continue to rally down throughout this January. Any bullish momentum observed should be seen as a bull trap.

[AakZaki]

people are still enjoying their holidays and the market of course still hasn't moved significantly. Before the winter holidays investors start to take their profits for the cost of vacationing and relaxing. In January 2023, I think the market price will remain the same and tend to go down, purchasing power is still not able to provide a bullish market. You have to be patient and keep monitoring the market price, if it keeps dropping it's the right time to buy.

[Quidat]

people are still enjoying their holidays and the market of course still hasn't moved significantly. Before the winter holidays investors start to take their profits for the cost of vacationing and relaxing. In January 2023, I think the market price will remain the same and tend to go down, purchasing power is still not able to provide a bullish market. You have to be patient and keep monitoring the market price, if it keeps dropping it's the right time to buy.

Just like before on which every holiday season or when we are approaching the last months of the year is really making out some significant movement but now it seems that they arent really that
making such movement but rather it is really just staying on where it is and after all the years had passed then im not already anticipating nor expecting myself to be on that way
because market could neither make a move or not.It is really just you cant blame out people on having this kind of impression considering that it do make out
some recognizable movement back in the past which it cant really be avoided not for you to expect.

[AakZaki]

Just like before on which every holiday season or when we are approaching the last months of the year is really making out some significant movement but now it seems that they arent really that
making such movement but rather it is really just staying on where it is and after all the years had passed then im not already anticipating nor expecting myself to be on that way
because market could neither make a move or not.It is really just you cant blame out people on having this kind of impression considering that it do make out
some recognizable movement back in the past which it cant really be avoided not for you to expect.

More likely to hold and stagnate at the current price. The best thing to do right now is to monitor the market sentiment and what will happen. If there are several strong FUDs that appear, they will tend to go down and we must be prepared with the reserve money we have to buy again. some past cycles will probably occur, but of course, there will be differences because each cycle will not be exactly the same. Expecting a bullish market to arrive soon even though the last ATH is still unable to pass.