Post
Topic
Board Speculation
Re: Bitcoin price is in a downtrend, will it last long or temporary?
by
Natalim
on 11/10/2021, 07:16:39 UTC
The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

The trend has changed now, bitcoin has experienced a recovery from the previous month, even for now bitcoin has been on a good trend until the end of the year, october is a recovery from bitcoin and other coins on the market, so the recovery conditions greatly impacted the development of bitcoin in recent months next month, my prediction for bitcoin by the end of the year will reach 1 billion by considering many things that have happened to bitcoin.
Trends could change in a snap, you would say that the trend is going downwards for today and then in tomorrows then you see another situation which might end up on being an increasing market thats why
these kind of observation or sentiments towards the market could really changed up in a snap.Just like on this one on where op did really believe that this could really be lasting so long but it did turn
out that the market comes bullish after september ends or simply when month of october did start up.We dont know on whats the reason behind but this market behavior is something
like in  default when it comes to this manner.

Yes, it is true that market conditions will continue to change, both with rising and falling conditions, that is how crypto conditions continue to change without being clearly predictable, this is not a personal sentiment, but this is an analysis that has been made based on past experience, this does not involve personality in judging something , and October is a warning for every coin that exists, can it go up or down and this will be an evaluation until the end of the year, let's wait for developments until the end of this year?
Well, i guess everyday is an evaluation for bitcoin since no one of us can really make a right prediction. But if we trace the history from the past years, the last quarter of the year is really a good time to look forward to since bull run is mostly witnessed in this time. The market may continue to change but there are high chances that it will be more on positive news and trends and that will definitely boost more the momentum of bitcoin so it can start working on its new ATH.