Bear market likely over? - page 13. | Bitcointalksearch.org

Piesel

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

Well, a less than 10% bounce back can not be considered to be a significant recovery that can be call recovery and at this point, we should understand that at this moment the price of Bitcoin has declined back to below 20,500 which is a big pullback from the recent price rise of 20700 last night.

So technically are not in a bull run yet and we have to wait for a while before we can determine the direction the market is going.

coolcoinz

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I don't think that it's over but there's a rule you should all be aware of. The markets work in such a way that the vast majority always loses. Some traders call this a crowded position. When positions are crowded they present an opportunity to be squeezed and a squeeze makes more money in liquidations for those who can afford to make that squeeze and believe me there are people with a lot of money running the market and making those squeezes.

So, if the market keeps proving to be profitable to shorters, more shorters keep taking these positions up to the point when they get squeezed and the market turns around. We've been profitable for bears for a year now and it's not going to last much longer. The bear market is probably not over yet but we're closer to its end than beginning.

teosanru

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

Not at all, it might go for a break for sure as we have been pretty bearish from long term and might see some signs of bullishness now, but this does not means that we will go on to 50k or something in next few months. I remember when one bullish cycle finishes and then a bearish cycle finishes, market accumulates itself, it accumulates itself for too long, for days and weeks and months, same will happen now, you will see many bull traps, many bear traps as well but expect market to remain sideways for sometime, we will topple between 20k and 40k range for quite some time now atleast until the next halving after which we might gain momentum towards a bullish market.

Ultegra134

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Quote from: buwaytress on October 27, 2022, 09:10:46 AM

Just a short squeeze, nothing too much in this to get excited about, particularly as we've been here before several times already these last 4 months.

If we're patting ourselves on the back for this, I won't know what we'll do to award anyone who makes it through new lows (they're coming, don't dream) and emerges in 2023/4/5 to claim a new ATH. Medals are cheap Wink

Exactly this. Why is everyone so excited when Bitcoin makes even the slightest bump? For quite a few months now, Bitcoin has been ranging between $19.00 and $21.000 for quite a few months now. There weren't any significant gains, it didn't even reach $21.000, but somehow, Bitcoin's and Ethereum's rally is all over the internet. We have a long way to go to see any decent recovery. Continue holding and we'll be rewarded.

Slow death

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

don't be fooled into thinking that just because the price of bitcoin has increased a little then it's because the market is reversing to an uptrend, that's not true, the price is trading sideways, you just have to observe that it has dropped to 18000$ and then it has gone up to 22000$ and then it goes back down to 18000$ and then it goes back up to 20000 to 22000, this has been the price movement in the last few weeks, there is nothing of trend reversal to uptrend

Quote from: glendall on October 26, 2022, 05:16:02 PM

too soon to say over , because situations like this happened before , bitcoin reached 20k$ + . this possibility is just an encouragement for the crypto market so that it is not shabby,
Be careful, don't panic too much

I agree with you, at this point you shouldn't be anxious or create high expectations, the person can make the mistake and take all the money and buy bitcoin for the price of 20,500$ and then the price drops to 18000$ and continue in that zone from 18000 to 20,000$ for many months and the person who bought at $20,500 starts to panic because they think the price will never go up much again

m2017

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

I think you started celebrating the victory too early and the current slight increase in the price of bitcoin is not a reason for this. It looks like a small thaw during crypto winter, nothing more and I assume that there will be no further crazy growth, as you expect at the end of the year. Not all cycles have passed to give way to a bearish trend in favor of a bullish one. It's still early for that, be patient and you'll wait for the expected, but later.

buwaytress

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Just a short squeeze, nothing too much in this to get excited about, particularly as we've been here before several times already these last 4 months.

If we're patting ourselves on the back for this, I won't know what we'll do to award anyone who makes it through new lows (they're coming, don't dream) and emerges in 2023/4/5 to claim a new ATH. Medals are cheap Wink

Inwestour

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Quote from: Daltonik on October 27, 2022, 07:37:30 AM

We cannot say that the bearish trend is coming to an end, perhaps it will last for several more years, look at how the bitcoin price reacts to regular CPI reports in the US the next one will be on November 10, look at what is happening in the financial markets, I don't think bitcoin will go against the wave to a new ATH in such realities.

A new ATH is definitely not worth waiting for right now, but it also doesn’t look like bitcoin can fall to a new bottom, since the 19k level turned out to be a very strong support line, which has not yet been broken through. Well then, we are waiting for November 10 and we will see where the price can fall this time, or maybe this time we will have positive news and we will continue to grow.

Bitstar_coin

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As much as investors would want this to be true, unfortunately it is not. Bear market is very much available until btc halving i guess.
This 5% - 10% up is not an indication of a bull market, but some people get their hopes high seeing this type of occasional pump. I think traders have been rewarded these few days.

Plaguedeath

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Dude, Bitcoin price only increase little bit at one day only, how it's possible you think the bear market is already over? If Bitcoin price still increase for 5-7 days in a row, then you can expect the bear market already over since people are getting hyped and they would accumulate more Bitcoin. Bitcoin price only increase for 10%, it's normal for such high volatility. Actually Bitcoin price can change higher than that and we're already experienced on that's matter.

Bazzu

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unexpectedly the price of bitcoin has increased, and of course many people are lucky, namely people who buy at low prices. I thought maybe bitcoin was going to have a pretty high rise, and indeed, we've been in a bear market for a long time, and I think now is a good time to buy bitcoin, because I think there will be a bull market. . so we have to prepare it
from now on.

Daltonik

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We cannot say that the bearish trend is coming to an end, perhaps it will last for several more years, look at how the bitcoin price reacts to regular CPI reports in the US the next one will be on November 10, look at what is happening in the financial markets, I don't think bitcoin will go against the wave to a new ATH in such realities.

Hypnosis00

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Quote from: Franctoshi on October 27, 2022, 06:14:21 AM

Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

I would say it's too early to start jubilating, for we haven't seen major changes in the market. Therefore you have to consider some factors like the macro economic factor if it has changed, Too, I would like to see Bitcoin start break critical resistance levels and creating new highs with strong volume coming into the market and thereby changing the overall downwards trend, then this would be the time I will have to believe that the market has finally taking a turn from the current bearish trend.

I know things like this will happen in Bitcoin. And to believe that fact that the market won't ever stay low and in bear condition as surely there is a light to come one day. We saw a few price pumps make to believe that we are leaving the bear season but wait, this is not just simple it was as I consider this just a short pump. Though I believe that bear season will end soon, however, it was not the perfect time to say it, not yet unless there is a strong price increase we saw in the market.

ethereumhunter

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Quote from: Shaha98 on October 27, 2022, 05:08:04 AM

A bear market may grow for a little while. But in the current situation, market growth is not possible। Currently the Bitcoin market is a bit slow due to which it is still not possible to predict which direction the market will go.This is the perfect time to hold for a long time. If you want to fill the pocket then surely you can in this situation. Good luck for next time.

After yesterday's high rise, it looks like bitcoin is getting a correction because its price has declined even though it's not much. And if you decide to trade, be careful because apart from going down, the price tends to slow down so it can be like a trap. But right now, it's still good to accumulate bitcoin purchases because the price is still low so this will be a low buy. But hopefully, things can change in the next month and we will see bitcoin rise, which means we will profit again.

Franctoshi

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

I would say it's too early to start jubilating, for we haven't seen major changes in the market. Therefore you have to consider some factors like the macro economic factor if it has changed, Too, I would like to see Bitcoin start break critical resistance levels and creating new highs with strong volume coming into the market and thereby changing the overall downwards trend, then this would be the time I will have to believe that the market has finally taking a turn from the current bearish trend.

Reatim

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

Just because Bitcoin go above by 8% and ethereum by Double digits meaning the bear is finally over, there are so much to consider and this is a chance of this is just being pumped for the coming much bigger dump this year end.
people commonly see increase at October to December but what if this is just a trap?
are we really ready for what is coming?

Victorik

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.

What do you all think about the sudden bounce back and price increase on Bitcoin of lately?

Well, as much this is the expectation of very many crypto holders, we must not get caught unawares. This pump might just be a trap, and if you ain't careful, you might loss your funds.

Moreso, it is too early to celebrate. We have witnessed a situation were there is a sudden dump right after a mad pump.

This is cryptocurrency, expect anything.

So, be guided. Ensure that you are not investing with what you can't afford to lose.

Woodie

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I have been looking at some btc/usdt charts and from what I can see it looks like price has been rejecting at the current lows which could be an early sign of price wanting to reverse and get bullish... Those of you trading using smart money concepts, you will agree with me that there is a Change of character which is a signal given for the pullback that will want to swipe any trend line liquidity.

Lucius

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Quote from: CryptSafe on October 26, 2022, 04:47:31 PM

Seems the bear market is likely going soonest.

Of course, we should get ready for at least $100k (and maybe more) by the end of the year - because the price has risen by as much as 5% and that is a clear indicator that the bear market is over Roll Eyes

If you had done your own research, I'm sure you wouldn't be so sure about what you wrote. There is absolutely no reason to expect a bull run at this point, and I would say that we are looking at yet another bull trap in a series. Where were you a few months ago when the price hit $25k?

YUriy1991

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There is always the possibility of a crash of some sort, but who knows if that will happen or when. The most interesting part of this is it isn't being pumped through an exchange. All transactions are held in the Blockchain, so it is impossible to tell how much has been purchased in total by anyone. This makes me feel more confident about the future and hope that Bitcoin is on its way to becoming mainstream.

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