Topic: Bear market likely over? (Read 3077 times)

Sure we had regrets in the past, but now it won't be the second time when the bear market will be a moment that should be utilized for everyone to multiply what they are in bitcoin with the history of the next halving and only people dare to do this, while sentiment people will think about market volatility and everything else.

There are still many people behaving like that like a weak mentality in investing too much panic when the price drops but not thinking about the opportunities ahead.
With hesitant people, they will not succeed to any extent and will only see others succeed while they themselves will regret it.

We should not be part of the weak people against responding to bitcoin when it is down.

I also think that it should be able to be utilized by everyone from now on, because it would be great if everyone would start gradually buying Bitcoin before the $30K price is seen again on Bitcoin. Because the halving next year is something that will become very real so it would be a huge loss if it was ignored by everyone who still really wants to experience extraordinary profits through Bitcoin. So buying as much as you can and holding until the halving or until a big increase is seen again in Bitcoin is a pretty good option for everyone.

For now that will be the best bet for all of us, it will be he catalyst for a bull run and just like in the past, block halving is the most awaited event because of what it can do in the market.

So for me, the cycle is not going to break, after the halving and just count a couple of months, we might see the price slowly going up and then the official bull run begins. And it could take 2 years and it could end in 2025.

Halving would really be indeed the catalyst and come to know that the previous bull run kick in after 7-8 months after the halving. The thing we cant be sure now if it would really be repeating or following those past events or not.This is why it is really that wise that we should really be placing ourselves while the market is still low or really that still cheap. People would really be starting on accumulating on the time that FOMO kicks in, better avoid that and the best time would be "NOW". Bear market cant be considered to be over until we do see that full reversal when it comes to price and the moment we are still that moving sideways and people would really be just making out some action if the market would be showing some recovery. $30k now is really that a hard resistance to break and if ever we would be able to break this point then pretty sure we would be going into those numbers that we arent been able to reach for  this year alone.

The cryptocurrency market has experienced various cycles and events over the years, including Bitcoin's halving events approximately every four years, which often have significant effects on the market dynamics. These events serve as valuable lessons for crypto users, emphasizing the need for careful planning, risk management, and a long-term perspective.

Which means if that is cycle, previous profile or delivery on price would likely to repeat but on a very different manner. That is why by staying informed, adopting a responsible approach to investing or trading, and learning from past experiences and market trends, individuals can increase their chances of success.

Hopefully, next year halving is a catalyst to the next bull run possibly above the last all time high should be the target but however I am to understand that Crypto market can do better than its current state by rallying good price but in some cases might be below the last all time high. However, it's just a sure thing that bitcoin would do much better as a result of the halving by the corner. If you can, bag more bitcoin while the market still stands at this point.

Yes, every 4 years we will see a bull run, next year is the catalyst though, it's the bitcoin halving and everyone was exciting to experienced it again and of course as I have said, we will see another bull run which means new all time high.

So for now, let's say that we are still in the bear market, technically the price should be lowered or be in a decline. And we really need to be mentally tough to be able to survived this bear market. And if by chance we did, then look no further as next year will be the start of a big rally.

Definitely there would be speculations which is a normal but while that is going on as a smart trader one should be able to know when to buy low. Some people fail to understand that aspect of trading when it is due to buy. Waiting for just a lower low might put you off track and you missing out from buying at the right spot when the market was low.

Talking about the sudden price increase, this same pattern happened last year as at this period when the price of bitcoin soared high but failed to surpass the last all time high. This time around, I think it would do better than last year coupled with the fact that halving is around the corner.

That was last year and currently the bear market is getting over again. today the price has risen to $26,642,60 which has been cross over the terminal line of $25k. From the way I look at it, the price will not come down again to $25k because the movement of the rising price is accelerating. And before this month will end, and if the price continuously rising like this, it will climb to the $30k level again. And it will end the year with $40k, this is what I predict.

The records of bitcoin prices today will help the future analysis. Because the things that has happened in the cryptocurrency market are the ones that will form the history of cryptocurrency.

They regret only that they couldn't make good use of the bear market.
A moment that is always awaited by the once every 4 years event, the Halving which has a big influence on the crypto market including Bitcoin.

But what do some people think, they only panic when the market continues to fall, even though this is a good opportunity to double profits.
When at high prices they want a cheap price, but when the cheap price comes and even very cheap they don't buy it and choose to stay silent and just watch others succeed.

Success is each person's choice, if they are able to utilize everything well and are willing to take risks, they will be successful and there will be no regrets in the end.

Indeed, currently there is a lot of speculation circulating on the internet, there are hundreds of people currently discussing the development of Bitcoin and the crypto market now and in the future, but whatever we have seen and learned back to ourselves to determine good steps in the future.

We are aware that several things that have happened in the crypto market every four years should be a lesson for crypto users about what happened and what to do, of course, but we always see those who fail and regret it after it happens, for that reason I think right now we are thinking about the best for ourselves in the direction of our respective successes, I hope that in the future there will be more people who are successful in the crypto world.

The best way to aim for profit in Bitcoin investment is to buy on the dip and hold till the bull Run, while using the DCA strategy, there may be a need to adjust your buy price, but you cannot predict the price movement, which is why I think that it's better to buy at the current price, at least since the price is not currently so bullish. Some people are readjusting their buy orders to buy at a very low price, but sometimes the market can just have a quick jump in price, and you will lose the opportunity to buy at that low price that you already experienced. There was a friend of mine last year who had the opportunity to buy Bitcoin at $16k but was always adjusting it because he was hoping to buy at $12, but unfortunately for him the price went up and he ended up buying above $20k, which he regrets not buying when the price was still around $16k. So, I think it's wise to buy when the price is not still so bullish.

I had a good friend JayJuanGee call me to terms on that in another thread and coming here to see someone else straighten it up yet again gives me the chills of what job is been done on the forum and how altcoins continues to be a mess in the hearts of bitcoin faithfuls. How far it’s butter experiences have got us!

Establishing the point at which the bear market ends isn’t something that comes in a uni agreement. I like to view it for a subjective establishment of what point could be seen to have ended the bears. We could only establish a bill when it’s obviously dominated by the bulls. At the moment, we aren’t completely far from half the price when we compare where price is now and the current ATH. Still, we aren’t far from the dip. The market could be said to be consolidating.

What do you mean by the mention of crypto? what are altcoins? You need to remember that crypto has a compound meaning, I think we are all here talking about bitcoin and the mention of crypto does not mean bitcoin.

I often hear that the DCA strategy is the right thing to do in various market conditions for those of us who don't want to experience more mental stress due to falling prices in bitcoin, so with DCA you can have a budget to continue buying bitcoin at the price when it decreases. like to day that is still very far from the previous ATH.

The bear market will definitely end, even though it is boring and also very annoying because it makes us bored when the bitcoin portfolio is still in the red.
The winners are those who survive and continue accumulating bitcoin until we smell the delicious aroma of bullrun, and the green aroma is refreshing to the eyes and mind, hold on to holding bitcoin friends so you can inhale the aroma.

Look at price from the mining viewpoint. Miners have always made money at 6 cent power (98% of all time)

Right now what does a six cent power cost miner earn

okay a 140th machine earns 0.062x140 = $8.68 it burns 75 kwatts or $4.50 so profit is $4.18 with the best gear.

second tier gear earns 0.062x110=$6.82. it burns $4.50 so profit is $2.32 with second tier gear.

Miners represent the sane floor price of BTC (ie not speculative price instead more based on actual power expense.)

So next year when blocks half that 140th machine earns $4.38 and burns $4.50 = losing 18 cents with top of the line gear.

this is a rare event it almost never happens.

So in short term of now to next April/May we will likely be at a higher price than 26k. 

Or mining becomes a fail which will hurt a lot of people in a lot of ways.

Mining has been a grind much more than a fail.

So I do not worry that we will be under 30k next spring.

I am thinking 35k to 45k by the scheduled ½ ing date of April 17th. 2024

It is also called failure to sufficiently/adequately account for bitcoin's not being a mature asset class that may well not be subject to the blah blah blah the squiggly  lines try to tell you - especially in terms of the ongoing UPpity price pressures that should be accounted for when an asset (such as bitcoin) is a paradigm-shifting asset that has likely underlying exponential s-curve adoption dynamics that might not be adequately taken into account.


And you have the right to rely on squigglies as much as you like to make your arguments about what the shadows on the cave walls mean, and sure traders do that and good luck with that nonsense when the better habits are not to necessarily fuck around with those kinds of short term dynamics that may or may not happen in accordance with what the squiggly lines are suggesting to suppose to happen.


Yes, and all of that could happen, but then BTC could still end up bouncing back... so then you have to come up with a new theory (or explanation), and hopefully you end up attempting to incorporate the s-curve adoption angle that is going to likely bias your little models to the upside no matter what they are telling you "should happen."


Yes.. you better figure it out if that is what you are doing...

As you might have noticed I don't fuck around with that stuff or recommend that others do it, and I also frequently like to denigrate people who are seeming to assign too many probabilities to what they suggest the charts are telling them is going to happen, and it is quite likely that my own system that largely relies upon accumulate and HODL and don't fuck around with trying to guess BTC price moves, is outperforming the vast majority of traders... so yeah, maybe you are an exception to the rule and you are outperforming DCA, but still, I doubt that there are too many good ideas that come from assertions that if the $25k support  breaks it is going to turn into resistance blah blah blah.. so good luck trading that kind of nonsense in bitcoin.. when likely a much better strategy is to consider that anything around and below the 200-week moving average (which is currently at about $27,700) is a good buy and the lower we go below the 200-week moving average the more you are likely putting yourself into danger if you think that the price is going to go down before it goes up, even if your lil squigglies end up telling you that is what is suppose to happen. and probably your little squigglies don't even account for where we are at in comparison to the 200-week moving average.... so good luck (you are likely going to need it.. if you keep on playing those kinds of games with king daddy) with any sells that you might make or failure to buy because you are expecting lower prices that may or may not end up happening.

Yes, that's called manipulation, where the market makers and whales can give an illusion to the retail that look the 24K level is broken, now we are going down and everyone should sell, but usually such manipulation does not last long. Thats why we see "wicks" in the daily and weekly time frame, where the price moves down below important support but before the end of the day/week, recovers back.

In case, the price closes below the major support, does not recover and stays there in a higher time frame (Weekly), then chances are that the trend is broken.

Technical analysis (price action) does work in trading because the trading chart is not representative of the indicators & lines, rather it shows the human behavior and sentiments of the market, but most people do not know how to read them properly.

Currently there is a lot of mystery surrounding the hidden world of cryptocurrencies and what is certain is that if you pay attention, the whales keep the selling price lower than the buying price. So, what we need now is what trading strategy to use to make a profit and we know for sure it's different, of course whether you want to use DCA, set your bid at the lowest price or whatever. The important thing is don't miss the train if the bull happens at any time.

lets not fall into trap each time there is a small pump or increase from the prices .
and congratulating those who bought those time are truly a lucky one because there is a more bull market coming than that.
remember the way you must handle your Holding and how long you can keep it.
and calling it Bear are over last year? look how it works till today .
Just Keep your faith in Bitcoin mate , surely it will bring whats best for all of us.
need  to respect bitcoin at all time but never listen to wrong advices.

Yes, it will end very soon for bullish season to take over the market but it will be difficult for the bullish season to happen in this year 2023, because it remain few months before the end of this year and the price of Bitcoin is still not stable yet for investors to believe that there is a hope. I think, next year will not be like last year and this year, because it was bearish through out the two years and many investors use the opportunity to buy huge amount of Bitcoin against the next bullish market. I believe from the next price of Bitcoin will determine if the price will decrease more than $25,000 or it will increase above $30,000 for investors to get prepare and not to be panic anymore.