Bear market likely over? - page 6. | Bitcointalksearch.org

Dickiy

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Quote from: Wong Gendheng on March 19, 2023, 01:16:10 AM

We hope that the market will soon rise and reach $ 30k, today there will be another correction of about 2% and I hope not the beginning of the storm, usually the price will fall significant Or approaching ATH that happened in 2021, maybe next year the market will be more promising after 2023 recovered.

I also hope so, it seems like it's easier for bitcoin to reach the next target, even though today we are experiencing a correction I think is a natural thing because the impact of the increase was quite high the previous day, I think the bear market is already on the cutting edge and will start to turn into a bull run signal at the end of March (hopefully), positive news sentiments have started to emerge which have influenced the bitcoin price lately, I hope so will the next.
The market cap is growing every day and today at over $47bn it seems people are starting to get back into the market.

Jody.Drummer

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Quote from: gaston castano on March 19, 2023, 02:56:32 AM

Quote from: Wong Gendheng on March 19, 2023, 01:16:10 AM

We hope that the market will soon rise and reach $ 30k, today there will be another correction of about 2% and I hope not the beginning of the storm, usually the price will fall significant Or approaching ATH that happened in 2021, maybe next year the market will be more promising after 2023 recovered.

but for this year I don't think 30k$ is not difficult, we still have about 9 months left, and we hope that btc will be above 30k$ at the time of closing this year, if indeed the world economic conditions have improved next year, then maybe we will saw ATH btc at the time.

Hopefully that can happen soon, even before the end of the year. The rise in bitcoin is what everyone has been waiting for today, but for me personally I will not set a target for what price bitcoin should be at the end of the year. I have a small amount of bitcoins and I will keep them for a long time. It might be a joy when the bitcoin price jumps beyond my expectations, but when it doesn't reach that I won't be disappointed. But one thing I know, that bitcoin will reach its ATH again although I don't know exactly when it will happen.

Lubang Bawah

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Quote from: ilovealtcoins on March 18, 2023, 09:58:44 AM

Quote from: Kodok Bencot on March 18, 2023, 08:29:34 AM

Right, it looks like the bear market has passed and makes us optimistic about bitcoin, the price has reached $ 27k and I'm sure next week the price will enter at $ 30k, don't sell, it's better to buy so we can get big profits, a sign that the market will soon be a bull run it is clear and will regret if we sell now.

It seems that people are starting to Fomo and slowly believe that the bull season has come and we are out of the bearish season. At times like these, I would really be wary of the market, the sharks are trying to pump bitcoin to create the Fomo wave and they are succeeding. As for me, I still doubt that we are out of bear season, it is too early to say that bear season is over, even if bitcoin hits $30k.

Of course, we are still in doubt whether we are out of the bear season, we still need a bigger increase, at least reaching $ 50k and it happened at least 3 months ago, we should say we are out of the bear season, many even say that the current explosion is a trap so they choose to sell or profit taking and waiting to buy again when the price is under $20k.

gaston castano

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Quote from: Wong Gendheng on March 19, 2023, 01:16:10 AM

We hope that the market will soon rise and reach $ 30k, today there will be another correction of about 2% and I hope not the beginning of the storm, usually the price will fall significant Or approaching ATH that happened in 2021, maybe next year the market will be more promising after 2023 recovered.

but for this year I don't think 30k$ is not difficult, we still have about 9 months left, and we hope that btc will be above 30k$ at the time of closing this year, if indeed the world economic conditions have improved next year, then maybe we will saw ATH btc at the time.

Wong Gendheng

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We hope that the market will soon rise and reach $ 30k, today there will be another correction of about 2% and I hope not the beginning of the storm, usually the price will fall significant Or approaching ATH that happened in 2021, maybe next year the market will be more promising after 2023 recovered.

siniminomorocomunisakito

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

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

My view is simple to see this isue and we know that Bitcoin and other cryptocurrencies can be very volatile and subject to rapid price fluctuations. The recent resurgence and rise in Bitcoin price can be attributed to various factors, such as increased institutional adoption, increased interest from retail investors, and positive news developments.

For example, in recent months, several large companies, such as Tesla, PayPal, and Square, have announced plans to invest in or accept Bitcoin as a form of payment. Additionally, there is a growing interest in decentralized finance (DeFi) and non-fungible tokens (NFT), which have contributed to the growth of the cryptocurrency market as a whole.

Quidat

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Quote from: erep on March 18, 2023, 01:32:46 PM

Quote from: BobK71 on March 18, 2023, 10:19:01 AM

Market condition is good but currently it is not the time to say that the bear market is over. At least we can get green signal if the price of BTC is stable at the current price for a certain period of time. As there has been good news about Bitcoin lately. Former CTO of coinbase crypto exchange Balaji S. Srinivasan betting that bitcoin price may reach 1 million in the next 90 days though it is terrible prediction of bitcoin but I can say at least can reach $100k. In this regard we can say that soon crypto bearishness will be over.

When high price recovery there are always unreasonable predictions even though he is Former CTO of coinbase exchange, Bitcoin price prediction will reach $1m from current price $27k is very unreasonable unless he predicts bitcoin price achievement will be $1m in long term without specifying time. I also predict the price will reach $100k in the next few years and the important factor now is to break through the previous ATH price to form new support towards the $100k price.

We cant really avoid to see those permabulls or who do support Bitcoin but there are some perceptions on prices on which it is really just that much or not realistic at all.This is why $1M per coin is too much.We cant even be sure if we would be able to break that ath we do have and reach up 100k.It would might be basing up on the potential but the question do always lies on which we dont really know on where it would be going.Bear market is over? We cant tell yet.Its not enough we could say that we are already on a bull run basing up on the recent price jump.
Yes, it could really give out that kind of impression but lets not go into a certain extent where we do really go into those unrealistic numbers.

erep

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Quote from: BobK71 on March 18, 2023, 10:19:01 AM

Market condition is good but currently it is not the time to say that the bear market is over. At least we can get green signal if the price of BTC is stable at the current price for a certain period of time. As there has been good news about Bitcoin lately. Former CTO of coinbase crypto exchange Balaji S. Srinivasan betting that bitcoin price may reach 1 million in the next 90 days though it is terrible prediction of bitcoin but I can say at least can reach $100k. In this regard we can say that soon crypto bearishness will be over.

When high price recovery there are always unreasonable predictions even though he is Former CTO of coinbase exchange, Bitcoin price prediction will reach $1m from current price $27k is very unreasonable unless he predicts bitcoin price achievement will be $1m in long term without specifying time. I also predict the price will reach $100k in the next few years and the important factor now is to break through the previous ATH price to form new support towards the $100k price.

BobK71

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Quote from: Franctoshi on March 17, 2023, 05:03:19 PM

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

Market condition is good but currently it is not the time to say that the bear market is over. At least we can get green signal if the price of BTC is stable at the current price for a certain period of time. As there has been good news about Bitcoin lately. Former CTO of coinbase crypto exchange Balaji S. Srinivasan betting that bitcoin price may reach 1 million in the next 90 days though it is terrible prediction of bitcoin but I can say at least can reach $100k. In this regard we can say that soon crypto bearishness will be over.

Paul Pogba

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For now we should be optimistic that the bear market is over, prices continue to rise and set new records again, this week the price has risen by more than 35% and the opportunity to rise will be even greater, especially silicon valley bank investors are very disappointed because the stock price has dropped more of 65%, of course it has a big impact and cryptocurrencies are the best solution for profit.

ilovealtcoins

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Quote from: Kodok Bencot on March 18, 2023, 08:29:34 AM

Right, it looks like the bear market has passed and makes us optimistic about bitcoin, the price has reached $ 27k and I'm sure next week the price will enter at $ 30k, don't sell, it's better to buy so we can get big profits, a sign that the market will soon be a bull run it is clear and will regret if we sell now.

It seems that people are starting to Fomo and slowly believe that the bull season has come and we are out of the bearish season. At times like these, I would really be wary of the market, the sharks are trying to pump bitcoin to create the Fomo wave and they are succeeding. As for me, I still doubt that we are out of bear season, it is too early to say that bear season is over, even if bitcoin hits $30k.

DOH!

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Perhaps the market has generated many desirable signals to beat the bear market, but I still have some doubts about its sustainability. The bottom formation and construction of anchor points higher than 25k and 27k are sounding convincing. I am feeling the light of being a bit cautious but with great optimism.

Bollexz1

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Well, the best way to know if the cycle is changing from bear to bull or bull to bear is Bitcoin's reaction to the market. For the past few days, bitcoin has been showing good momentum in the sector. Getting more recognition, adoption increasing while dominance on the other hand is dropping. So yeah, we might likely be off the bear market.

Bitcoin2009

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Quote from: Rigon on December 30, 2022, 06:58:16 PM

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?

The bear market doesn't seem to be ending anytime soon. Bitcoin price is currently at a position from which no one can make any predictions. However, various experts have analyzed that the Bitcoin market will move towards bulls in 2024. But everyone can invest as they wish in this bear market. You may not get such an opportunity later. So if you can buy bitcoins from this dumping market and hold for long term, you can definitely achieve good things in 2024. So no one should miss this time.

The price of bitcoin is indeed unique and always difficult to predict, just like at the end of 2021 when the price rose and reached $ 69k I was also sure that it would not drop again, but in fact the price dropped almost 70%, of course because there were many cases of scam and bankrupt exchanges which harmed investors so $3 billion, but the panic was short lived and there is no doubt this year the price will skyrocket again.

Kodok Bencot

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Right, it looks like the bear market has passed and makes us optimistic about bitcoin, the price has reached $ 27k and I'm sure next week the price will enter at $ 30k, don't sell, it's better to buy so we can get big profits, a sign that the market will soon be a bull run it is clear and will regret if we sell now.

Dave1

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Quote from: ShowOff on March 17, 2023, 05:06:53 AM

Quote from: CryptSafe on March 17, 2023, 04:46:16 AM

Some days ago bitcoin reached $26000 for a long time since the bear market last year. Looking at the price prediction and market trend. From all indications seems we are heading for the bull run.

It looks like the bullrun has been confirmed, in fact we have had more than 85% gain since last year's low.
Now it might be good to expect $30K to be hit, but I doubt we can keep the price above $26K for much longer. As has happened several times since the start of the year, $25K has been hard to hold on to as the panic over FUD has forced some traders to sell it at high "most likely".

Quote from: CryptSafe on March 17, 2023, 04:46:16 AM

I am not an expert. This is not an investment plan neither is it an investment idea. I am only speculating so do your own research.

It doesn't matter, the hope is always there to get higher price. Anyone wishing to invest should only consider their own risk, meaning that none of this analysis and speculation should be taken as financial advice.

Still though, if you guys think that we are in a bull run then what is the highest price that we are going to get?

Are your disregarding the one catalyst of a bull run in bitcoin? which is the block halving? Because it is then the 4 year cycle will be broken? So you think that there will be a new trend now as far as bull run as per your definition?

I'm just confused as why people said that we are in bull run when we are even far from the last all time high that we have?

btc_angela

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Quote from: Franctoshi on March 17, 2023, 05:03:19 PM

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

I disagree though, it will be just over if we are going to reach a new all time high for this year, that's how I see that we are not going to be in bear market. So we will have to wait for it to happen, if it's not then we are technically in the bearish cycle.

The thing is that there are a lot of things that is going around the world, banks are falling, and this is what prompted Satoshi to create Bitcoin right? So we are in that situation again and so wise investors are hedging their wealth into in pushing the price to above $27k. And with this banking crisis in US and in Europe, clearly bitcoin is the beneficiary.

karmamiu

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Quote from: Franctoshi on March 17, 2023, 05:03:19 PM

The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

Even though nothing is guaranteed yet but seeing the market's reaction now, it's safe to assume that the probability of it going downtrend lessen. I know it's early for us to say this and almost everyone here would like the bear season to officially end. Who knows maybe later this year or early next year a huge change will happena and would enter another season. Again I'm not an expert financial analyst nor trying to be one, it's just my observation based on the market movements and there is no assurance as to when it'll stop or enter the next season. What we currently hear are just speculations.

Pejoh Asu

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March was off to a brilliant start as the price continued to rise, fair if we say the bear market is over, and it's time to see the value of bitcoin continues to increase, unfortunately I didn't buy cheap but a few hours ago I bought for $ 85 when the price was $ 27400, although there's been a dip but i believe in march prices could hit $33k.

Franctoshi

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The Bear market is over technically looking at how the trend has started changing direction from the downwards trend, the long term downwards trend since 2021 ATH has been broken towards the up side and re-tested perfectly as supposed and has started creating higher highs and higher lows since then, Both in the daily and the weekly time frames, which we have not gotten since the beginning of this Bear market. I would like to say generally, that this is a bear market recovery since we have not broken the $69k in order to officially start a new bull market.

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