Bitcoin On Retreat?

[TomPluz]

Just what I have been expecting, Bitcoin - and cryptocurrency in general - is making some retreat moves just as we are still in the first week of December. Will it be the dominating mood of the market for the rest of the month and will it be a big sign that on the fist quarter of 2022 the bears can be gaining more strength? Personally, I am hoping this is not the case and that the dip can be attracting whales to focus their attention on Bitcoin.

[Senin]

Many of us hoped that at the end of the year there would be a significant rise in prices in this market. But quite the opposite happens. Bitcoin has now plummeted to just below $ 47,000, while ethereum has a price tag of $ 3,871.
But I don't think it will last long. The situation should still change in the next few months. In any case, I do not expect a long bear market. However, surprises may still continue.

[MrSpasybo]

We have had a bad day for the crypto market, I was quite surprised to see BTC price fall to 42K USD. I still think BTC only retested 52K USD, not 42K.
Anyway now BTC is recovering, other tokens are also recovering, especially those of the Metaverse trend like Sand, Mana, Enj. Hope BTC will also hit a new ATH soon.

[shadowdio]

Maybe it's a sign I guess, there is possibility that in the next year of first quarter the market will go bearish but I hope bitcoin will bounce back this month because I want to make profit before the holidays..

[owlest]

Personally, I saw something similar in the development of the market. It seems to me that there has been a disembarkation of "weak hands" from the market. Many sold on the fall, others merged at stop-loss orders. Now I think growth will follow, but what then is the question.

[Octoalts]

Entering the New Year's holiday, it seems that many people are selling BTC for the holidays, they want to take bigger profits. And the added panic made conditions worse and the Bitcoin price went down. But I'm sure it won't be long, and Bitcoin price will recover.

[vegasus]

I am hoping this is not the case and that the dip can be attracting whales to focus their attention on Bitcoin.

Whales may have a certain strategy, they even can be the reason why Bitcoin dropped much today. I don't know what's happening, but I think whales or big players are the only people who can do something like this in the market. We are only the victims of the current situation. They may know Bitcoin to soar again, so they dumped it to buy before the upcoming pump.

[Master107]

We are not yet on 2022, December is on going. My point is, there are still more chances to shift the market movement as long as 2021 is not yet done.

I consider to positively look at the coming days than to be affected by red days and panic momentum of some of our fellows.

We are not newbie anymore in every ups and down. Crypto market environment would never change, our point of view and knowledge will.

[pelana vreo]

If we look at the history of the current Bitcoin price, I remember the situation that happened in 2017, when the Bitcoin price fell and the bear market lasted for a long time, if you look at the progress and development of current technology, I believe this is a correction and the Bitcoin price will rise along with the altcoins.

[masterrex]

Just what I have been expecting, Bitcoin - and cryptocurrency in general - is making some retreat moves just as we are still in the first week of December. Will it be the dominating mood of the market for the rest of the month and will it be a big sign that on the fist quarter of 2022 the bears can be gaining more strength? Personally, I am hoping this is not the case and that the dip can be attracting whales to focus their attention on Bitcoin.

IMO, I guess it's pretty hard to determine precisely at this time, but my instinct tells me that Bitcoin and other cryptocurrencies are most likely to experience more dips in terms of prices in the days to come, as the bearish sentiment is dominating the crypto market today but it was just my opinion and im so sure about it.

[owlest]

Entering the New Year's holiday, it seems that many people are selling BTC for the holidays, they want to take bigger profits. And the added panic made conditions worse and the Bitcoin price went down. But I'm sure it won't be long, and Bitcoin price will recover.

Quite possible. Someone is selling assets, while someone is buying them. And when most of them throw off their assets, then the next wave of growth will begin. But I'm more interested in how long the bullish trend will continue. Don't you think it dragged on?

[sacrotic]

History will repeat again but when is still the big question but this time is recovery so buy again and save it. I'm not fundamentalist but see only from technical and second top bottom already happen. Our prediction could be wrong but buy with 20% fund is not bad decision, keep watch the news and never forget to collect shitcoin also.

[owlest]

History will repeat again but when is still the big question but this time is recovery so buy again and save it. I'm not fundamentalist but see only from technical and second top bottom already happen. Our prediction could be wrong but buy with 20% fund is not bad decision, keep watch the news and never forget to collect shitcoin also.

Bitcoin is good for long-term storage, and no matter how much it sags in price, sooner or later it will break through previous price peaks. They believe in bitcoin, which cannot be said about the huge number of altcoins on the market.

[mlawson71]

I think those sudden dips are pretty unplesant for those who bought it at peaks though. I wouldn't be happy if I bought it at 60k or 68k and then it spends the next half a year at around 40k.

[Anonylz]

Many of us hoped that at the end of the year there would be a significant rise in prices in this market. But quite the opposite happens. Bitcoin has now plummeted to just below $ 47,000, while ethereum has a price tag of $ 3,871.
But I don't think it will last long. The situation should still change in the next few months. In any case, I do not expect a long bear market. However, surprises may still continue.

I agree with you, I think the downtrend might not be like the old years of crypto and I see this as more of a correction than a bear market. We still have some days left for the month of Dec to run out and things do move fast in crypto if it wants to so we could still see a better crypto market before EOY.