Bitcoin On a Downward Spiral: What the Future Holds

Bitcoin down
Why is Bitcoin Down? And will it go up soon? Crypto bear market + more.

Published by FrankNez Team.

“Bitcoin will hit $100K really soon!” This is something you might have heard from different investors that are extremely bullish on Bitcoin. The question, however, is whether or not it will really reach this price point.

Here’s a brief explanation of what the future could hold for BTC.

What Happened to Bitcoin?

In 2021, a lot of eyes turned toward Bitcoin as its price started to skyrocket, and newbies felt like they were missing out if they did not invest.

The interesting thing about crypto is that it has attracted both investors and people with zero experience in investing or trading.

Although there were thousands of cryptocurrencies out there, due to Bitcoin being the biggest, it was only natural that its popularity also skyrocketed.

The problem, however, is that a lot of new investors bought Bitcoin without any trading, investing, or market knowledge.

These new investors, who haven’t experienced bullish or bearish cycles, experienced turbulence in the price of Bitcoin; some of them flaked and decided to exit their position.

At the same time, since more attention was given to BTC, older investors that have been holding Bitcoin for quite a while saw this as an opportunity for them to cash out.

Due to the older investors selling massive positions, the price of BTC dropped significantly, and the newer investors were met with fear, confusion, and a lot of confusion.

Some of these new investors decided that it was too risky and that they would rather cut losses.

Other new investors even decided to cash out a little later when their holdings dropped by almost 50%.

This led to the price of Bitcoin staying where it is today, with many people unsure whether or not it will ever rise again in the future.

Will Bitcoin Recover?
Will Bitcoin recover? Crypto bear market + more.
Related: List of 4 Best Crypto Exchanges for Beginners

What do Expert Investors Think of a Bear Market?

Quite interestingly, new traders or investors share very different perspectives when it comes to investing.

Usually, when the charts are showing red, new investors see this as a sign to stay away.

On the other hand, expert traders see this as a perfect opportunity to increase their portfolios.

In order to make money in the markets, the rule is to buy low and sell high.

This means purchasing cryptocurrency when it is in the red in order to make a profit once it rises in price.

The trick, however, is knowing when to buy.

Buying crypto when it has just started to go down could result in you being in the red for a long period resulting in you missing out on other potential investments.

If you buy at the very bottom, however, you’ll be able to enjoy profits when the asset starts to appreciate in value.

One thing that’s very important when it comes to investing is using indicators for your charts.

Gaining access to the latest indicators that can be applied to Bitcoin charts, Ethereum charts, or any other cryptocurrency charts out there can be done with the services like the BitiQ website that connects users to reputable brokers with advanced trading features.

Will Bitcoin Go Lower?

Will Bitcoin go lower?
Will Bitcoin go lower? Crypto bear market + more.

One big question on everybody’s mind is whether Bitcoin will go lower and whether one should they wait before buying the dip.

Despite building multiple supports during its bullish trend, these supports have been broken as the price of BTC went down.

The real answer as to whether Bitcoin will go down or up is it really depends on the market.

While expert investors confirm that we’re in a bull market, some think we haven’t reached the bottom.

Conclusion

It’s too early to say whether Bitcoin has hit bottom.

Some investors wait for a confirmed reversal before they invest.

This means waiting for the asset to go on a bullish run once again.

Due to its high volatility, Bitcoin and other cryptocurrencies are still considered high risk.

If you plan on trading cryptocurrency, you should first consult your financial advisor to assess how much of your capital you are willing to risk.

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Related: How to Invest in Bitcoin Cryptocurrency for Beginners

5 Comments

  1. BlockStar

    I am looking for best new crypto to buy in 2022. Can you please tell me which cryptocurrency to buy at this moment?

  2. coinbase vs wazirx

    I am looking for best new crypto to buy in 2022. Can you please tell me which cryptocurrency to buy at this moment?

  3. Gorilla Grodd

    Great Article Brother! After MOASS many Apes will put money into Crypto. Would be nice to see Doge drop to a penny or less and GME soar to $20 million a share. This particular ape would buy a billion Doge and become a Doge Billionaire when it goes up to a dollar. Then maybe buy a house with Doge. That is what David is going to do. 🙂

    • Frank Nez

      Thanks for reading! 🐕💰

  4. Frank Nez

    Let’s start a discussion! Leave your thoughts below.

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