Will Bitcoin Always Be in an Uptrend?

[kentrolla]

No, there can never be a single angle like only uptrend or downtrend as most of the time the market would be sideways and occasionally uptrend or downtrend as that's how Bitcoin looks and moreover it's just a misunderstanding of new users that they think the market would always be upwards when they enter market during bull run and vice versa when they enter using bear market.

[fuguebtc]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Don't be in a hurry.

How long it has been since the ETF of Bitcoin has been approved and traded? It seems that the generation nowadays are always in a hurry and always want to see Bitcoin's action everyday.

It doesn't go like that but we're going in the bull run anytime soon and you have to do is to wait for it. It's not always green but it's also not always going to be red.

I'm not him though I like to respond here but I didn't remember exactly so I researched and the results shows that it was approved in January. That is almost 4 months now and we already feel the positive effect last time even though it was very early but that was great because that means that we will still have plenty of time to witness more growth in the price of BTC.

I still agree with you about the generation we have today. I guess this is the effect of being too modern because it speeds up our life and the expectations of the people are now tweaked to be like that. About the bull run, I think we are still on it but its rhythm have only got slowed down due to some reasons.

The fact that many people are eager for the price of bitcoin to increase day by day is not a consequence of the world developing too fast or anything . Simply put , today's young generation is investing with the mentality of wanting to get rich quickly, wanting to become millionaires without spending much time and effort. But things don't work out that way and those with a get-rich-quick mindset will soon have to pay the price with their own money.

Regarding the bull season , I guess it won't come soon because there are still many people in the market with a get-rich-quick mindset . What I mean is that when the market no longer had too many people believing in the bull season to come, many people became discouraged because they couldn't get rich as quickly as they wanted and they sold their bitcoins . At that time , the bull season will come to the shock and regret of many people. The financial market is like that, rewards are only given to those who deserve it.

[Hamphser]

No, there can never be a single angle like only uptrend or downtrend as most of the time the market would be sideways and occasionally uptrend or downtrend as that's how Bitcoin looks and moreover it's just a misunderstanding of new users that they think the market would always be upwards when they enter market during bull run and vice versa when they enter using bear market.

•Roller coaster like ride
•Waves in the ocean
•Tide
....

Whatever thing it would be it would really be still showing up on the same thing is on which it would never been that going into one direction on which up and down
is something that would really be its main trait and behavior.This is why when it comes on making money opportunities then you could really be able to make yourself
on having that kind of chance but of course this is something that cant really be predicted because we do know that if  it was that easy then there would be tons of
people who would really be that making money into this market but we are actually seeing the opposite. We are really that doing our very best on applying any analysis just to have that kind of
chance or opportunity on making profits.

[isabellajones]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

I am never surprised about what is happening in the world of Bitcoin now, I knew a thing like this might happen where the coin would be begging for liquidity to reach some certain high levels. This is mainly because of FUD and the fact that it has reached a high level that is discouraging for investment, as investors would not want to easily commit their money to it at a high and risky level.

Fine, the ETF saga helped Bitcoin to rise, and that happened before the much-anticipated halving which is now becoming a discouragement for the coin as Bitcoin was unable to hit its ATH after halving till now and it is gradually nearing 2 months now after it. The ETF filing of last year and the dramas attributed to it have changed the narratives in the world of Bitcoin which I believe is not so symbolic in terms of liquidity attracted to Bitcoin itself but only for the sentiment created.

Yet, after the ETF has successfully been approved, what has been so significant about the direct investment into Bitcoin through it? That has been my plight initially that people seem not to understand. This is because Bitcoin is accessible by itself without ETF, so the ETF that people hyped so much might not attract as many direct investments as people thought, just as we see today. Well, time will tell and we are patiently watching. Regardless, for now, nothing serious is to be expected unless the ATH at around $73,850 is breached upward.

I now trade Bitcoin 3 to 4 times a week and it is profitable for me

[GideonGono]

If you look at the chart of Bitcoin it isn't always an uptrend, it has experienced so many dips or price decrease in the past.
Although I get your point that from beginning till now the price has increased so much, and every time it falls down it would bounce back even higher than the previous price, but we couldn't be so sure about it, we don't know what the future holds.

[bettercrypto]

I bought 2 bitcoins this morning and it is trending up.

I bought 10 bitcoins today. Hehe,  just kidding... It's so easy to tell a story without any evidence just to brag. I'm sorry for what you said. Do you think the members will easily believe you in this forum? Although that's your story, so long as you don't show any evidence for what you say, what you mentioned will remain just bragging.

Now, let's go back to the topic. We are still in a bullish trend, although we are in the stage of consolidation in Bitcoin. Even if there is a short bearish, Bitcoin is also able to recover immediately in the market. We just don't know to what extent the ranging is being done now at this price, which can change the trend at any time.

[Saint-loup]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

For sure, but I don't see anything surprising, Bitcoin is not always skyrocketing to the moon or doing pumps and dumps like a shitcoin thank God. It needs to consolidate this current level now. But it doesn't reflect the actual level of its adoption IMO, its price is far above it and there is a large part of speculation that could evolve in the coming weeks or months. In the absence of big events scheduled for the next months I don't see reasons for going up further to be honest. If Ethereum ETFs are definitively approved, investors will want to diversify their allocation into cryptocurrencies in order to mitigate risks and capital will fly away from Bitcoin to land into Ethereum.

[Kemarit]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

For sure, but I don't see anything surprising, Bitcoin is not always skyrocketing to the moon or doing pumps and dumps like a shitcoin thank God. It needs to consolidate this current level now. But it doesn't reflect the actual level of its adoption IMO, its price is far above it and there is a large part of speculation that could evolve in the coming weeks or months. In the absence of big events scheduled for the next months I don't see reasons for going up further to be honest. If Ethereum ETFs are definitively approved, investors will want to diversify their allocation into cryptocurrencies in order to mitigate risks and capital will fly away from Bitcoin to land into Ethereum.

Even in the bull run, there are months that we could be in the negative, hence it is going down a bit, and it's the normal process. And we have to understand that no market in the world will be on continuous uptrend, even in stocks it's unusual for this to happen.

The thing with Bitcoin is that currently we are in the bull run cycle already, so we need more patience. Halving is done but we have to wait for it to take effect on the market. At least give it up to the end of the year, and maybe by that time we will see the price hitting around in the 6 figures already.

[siniminomorocomunisakito]

I bought 10 bitcoins today. Hehe,  just kidding... It's so easy to tell a story without any evidence just to brag. I'm sorry for what you said. Do you think the members will easily believe you in this forum? Although that's your story, so long as you don't show any evidence for what you say, what you mentioned will remain just bragging.

Ha ha. It's a good joke, but it's true that BTC won't be flying for long and is currently still in the preparation stage for take off to a price of 100K and will rise high according to its flight coordinates.

Now, let's go back to the topic. We are still in a bullish trend, although we are in the stage of consolidation in Bitcoin. Even if there is a short bearish, Bitcoin is also able to recover immediately in the market. We just don't know to what extent the ranging is being done now at this price, which can change the trend at any time.

For now, if you have the funds, keep buying and collecting little by little first.

[Sebas.tian]

I bought 2 bitcoins this morning and it is trending up.

You as a newbies, you bought two Bitcoin, hope you know that you used huge amount of capital to purchased the Bitcoin and you need to apply long term holding on that Bitcoin, because you will not regret for the decision you took to make the most popular coin your choice. I know you can purchase Bitcoin at anytime from the market, but purchase Bitcoin when the price is still high in the market, it will not allow you to purchase huge amount of Bitcoin, because the bullish season is still on for holders to be selling to make passive income. I believe, you used potential wallet to stock your Bitcoin, because if you use unsafe wallet to stock your Bitcoin anything can happen that will make you to lose all your capital you spend to purchase the Bitcoin.

[AnonBitCoiner]

If you look at the chart of Bitcoin it isn't always an uptrend, it has experienced so many dips or price decrease in the past.
Although I get your point that from beginning till now the price has increased so much, and every time it falls down it would bounce back even higher than the previous price, but we couldn't be so sure about it, we don't know what the future holds.

Bitcoin is not always in upward trend but whenever it experiences a deep decrease in price then in future its price gets more favorable for all of its investors. If it was always higher in worth then everyone will not be able to buy it therefore people often wait for the downtrend to buy some Bitcoin and other coins.

We have to buy Bitcoin before the hype therefore don't try to purchase if price starts to grow as higher price is not a good choice for buying. Wait is the only thing which can help you to attain that price for which you have invested in Bitcoin so don't try to minimize your patience.

[maydna]

Now, let's go back to the topic. We are still in a bullish trend, although we are in the stage of consolidation in Bitcoin. Even if there is a short bearish, Bitcoin is also able to recover immediately in the market. We just don't know to what extent the ranging is being done now at this price, which can change the trend at any time.

For now, if you have the funds, keep buying and collecting little by little first.

Even we are in the bullish trend, we will see correction comes to the market. At that time, we can buy more and accumulating more Bitcoin. Bitcoin gives us a chance to buy more by the correction so we must use that moment for our own good. Yes, we must keep buying and collecting more Bitcoin, even if that amount is small because when we still do that, we will have many satoshis that we can sell and makes a big profit later. 

But Bitcoin will not always be uptrend because there will be a time for Bitcoin to stay for a while in a current level of the price or down for a moment. But Bitcoin will increase back after it is enough to stay at that level.

[aoluain]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

Its all a matter of perspective!

If you bought Bitcoin prior to 2016 and HODL'd it to today there is nothing to complain
about but if you bought Bitcoin in the last number of weeks I can understand the frustration.

But something to realise and remember if you are not trading then you will have to
HODL for at least the "medium term".

Will Bitcoin Always Be in an Uptrend?

again perspective

Yes - over time, medium to long term
No - short to medium term

The uptrends and downtrends are visualised below

[$weetne$$]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

It depends on the timeframe that you are using to look at Bitcoin that will determination if Bitcoin is in an uptrend direction or going downwards. If you bought Bitcoin at the highest price in a bull market, Bitcoin will keep going downwards in your own eye but for an investors that bought when Bitcoin was having a correction and then the price starts recovering, Bitcoin will be going in an upward direction. If you buy and hodl Bitcoin, you will always be in an upward direction after some years because Bitcoin keeps adding value. The value of Bitcoin will keep adding price as there is more adoption for Bitcoin, the more popular Bitcoin is becoming we can only expect for there to be more investors and it will make the Bitcoin price to keep going upwards.

[Furious 7]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

It becomes a normal thing because after all it is not forever bitcoin will continue to experience a significant increase even though fluctuations continue to occur but that does not mean bitcoin will continue to rise in a fast time significantly because in the end there are several conditions where we have to hold back and that is a normal thing because this does not happen once or twice.

The problem for now is that many people think that halving will make bitcoin development skyrocket and bitcoin will rise significantly with a fast time duration after halving even though the conditions are actually not like that because after all, being in bitcoin is not an instant thing because we must be prepared to wait and hold every bitcoin we have in our current portfolio.

Don't mess around too much because what we need is to enjoy the time now in holding in the midst of bitcoin conditions that are tempting to sell because the price is much better than 2 years ago so our resilience and hodling power are needed now because after all when we try to sell bitcoin now then we must be prepared to lose considering that bitcoin that is released is sometimes difficult for us to get back.

[bangjoe]

Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

It depends on the timeframe that you are using to look at Bitcoin that will determination if Bitcoin is in an uptrend direction or going downwards. If you bought Bitcoin at the highest price in a bull market, Bitcoin will keep going downwards in your own eye but for an investors that bought when Bitcoin was having a correction and then the price starts recovering, Bitcoin will be going in an upward direction. If you buy and hodl Bitcoin, you will always be in an upward direction after some years because Bitcoin keeps adding value. The value of Bitcoin will keep adding price as there is more adoption for Bitcoin, the more popular Bitcoin is becoming we can only expect for there to be more investors and it will make the Bitcoin price to keep going upwards.

I don't think it can be seen from the MECHANISM as you say, because it is quite strange and how can people who buy at the top will assume that bitcoin will always go down? talking about the trend we will see movements based on time periods, annual, monthly, weekly and daily, we can see that the bitcoin trend will be like what, whether bullish, bearish or sideways, it can be concluded.

To see the trend we need to look at past data and the potential that may arise in the future, such as in the annual and monthly trends we are in a bullish position, and our weekly trend position is in a sideways trend, so the trend can be seen, including in the bitcoin cycle it is an indicator to see a trend, not to look at when you buy.

[Yaunfitda]

I bought 2 bitcoins this morning and it is trending up.

You as a newbies, you bought two Bitcoin, hope you know that you used huge amount of capital to purchased the Bitcoin and you need to apply long term holding on that Bitcoin, because you will not regret for the decision you took to make the most popular coin your choice. I know you can purchase Bitcoin at anytime from the market, but purchase Bitcoin when the price is still high in the market, it will not allow you to purchase huge amount of Bitcoin, because the bullish season is still on for holders to be selling to make passive income. I believe, you used potential wallet to stock your Bitcoin, because if you use unsafe wallet to stock your Bitcoin anything can happen that will make you to lose all your capital you spend to purchase the Bitcoin.

Sometimes it's really hard to believed that this newbies are posting here, if it's true then good for him, hopefully he also knows how to protect his assets and uses every security he knows like putting it on a hardware wallet and backup his mnemonic phrase and private key. If it's not then shame on them for telling lie just to get the attention of every members here. Nevertheless, as we have seen, there's no way that we will see an uptrend even if we are in the bull run season. There are months that the investors are not going to buy or stay away until there is a good reason to buy.

[lixer]

Bitcoin is not always in an up trend, there are times when Bitcoin experiences a down and sideways trend. And currently Bitcoin is in a sideways position and I think that it will persist in the next few weeks, until we can wait for positive news which can increase the price of Bitcoin to a better level. However, now it is a pretty good condition to buy Bitcoin - even though there is a risk that there will be a price correction, if the holder plans to hold Bitcoin for a longer period of time, this is not too much of a problem for them, the point is to remain patient and is not influenced by the market.

Your advice to potential investors is worth considering: buying Bitcoin now can't be a good opportunity, but it's important to take a long-term view and be prepared for potential price corrections. Holding Bitcoin for the long term can help mitigate short-term market fluctuations.

Most potential investors are afraid of sudden price fluctuations as it makes them feel bad if they have bought Bitcoin at a price and then the price drops significantly from that point, even though they got some Bitcoin, they could get more if they had waited a bit more, but then again, as they say, no one can time the market perfectly, so one should make an entry whenever they feel the time is right because if you keep waiting for the right time, it would never come.

[mirakal]

No, there can never be a single angle like only uptrend or downtrend as most of the time the market would be sideways and occasionally uptrend or downtrend as that's how Bitcoin looks and moreover it's just a misunderstanding of new users that they think the market would always be upwards when they enter market during bull run and vice versa when they enter using bear market.

Exactly, there’s no way bitcoin with a volatile nature will keep making an uptrend nor downtrend. Instead, expect that its price will become more unpredictable knowing it could go up at the moment but then go down the next minute we see it. That’s how volatility affects the certainty of bitcoin price. However, we can also look at it in a positive way. With bitcoin’s volatility, we can see an instant uptrend that is beyond our expectations, and could sometime reach its new ATH when we think this is not the best time yet. That’s how amazing bitcoin is.

[beerlover]

Bitcoin is not always in an up trend, there are times when Bitcoin experiences a down and sideways trend. And currently Bitcoin is in a sideways position and I think that it will persist in the next few weeks, until we can wait for positive news which can increase the price of Bitcoin to a better level. However, now it is a pretty good condition to buy Bitcoin - even though there is a risk that there will be a price correction, if the holder plans to hold Bitcoin for a longer period of time, this is not too much of a problem for them, the point is to remain patient and is not influenced by the market.

Your advice to potential investors is worth considering: buying Bitcoin now can't be a good opportunity, but it's important to take a long-term view and be prepared for potential price corrections. Holding Bitcoin for the long term can help mitigate short-term market fluctuations.

Most potential investors are afraid of sudden price fluctuations as it makes them feel bad if they have bought Bitcoin at a price and then the price drops significantly from that point, even though they got some Bitcoin, they could get more if they had waited a bit more, but then again, as they say, no one can time the market perfectly, so one should make an entry whenever they feel the time is right because if you keep waiting for the right time, it would never come.

Yes, sometimes it looks bad and not really idea to purchase bitcoin, but that's when it looks like it is going to be something that we can benefit from. If you do that then you are going to end up with a greater return, it should definitely be something we could benefit from without a doubt. I get that it may not be all that great when you give it sometime, but we should definitely consider that possibility.

I personally believe that the best way to make money from bitcoin would be buying no matter what the price is, and not selling unless it's medical emergency. That's how you get rich, just buy, if it's 10k buy it, if it's 100k still buy it, keep buying it and do that for 10+ years, eventually you will be very wealthy.