Topic: Bear Market Reaches $27605 - Will the Downtrend Continue?" (Read 569 times)

About 3 hours ago the price of Bitcoin reached $ 28K and now fell again to around $ 27800, of course this is a sign that the bear market is not over, but if we want a big profit then this is a good opportunity to buy more so that when there is a bull run then it is easy for us to get profit.

Who would not like to get rich instantly? I am sure that even the many billionaires out there would have preferred for their journey to have been smoother and to not have encountered the huge amount of obstacles they had to overcome.

However unlike the newbies of today I knew this was not possible, or if it was I needed to rely on my luck for such a scenario to happen, so this scenario was very quickly discarded from my mind and I decided to take a long term approach to this market, a decision which has been proven to be the correct one for myself.

Saving is a good idea especially since you'll definitely need the money for something urgent. Planning to save money from income for investment plans may have become commonplace for anyone who has a fixed income every month, but I tend to agree that saving plans don't have to be forced and it's not a top priority. You can save a few percent of your monthly income, but your first priority is making ends meet.

I also save for an investment plan, but I don't do it regularly because my needs increase. Investing in bitcoin will hopefully give them decent returns instead of depositing all the fiat into bank account, but of course any risks they should consider wisely.

The bear market continues because the current price is around $26k, many are predicting that if the price falls again below $25k then there is a chance to continue to fall below $20k, we will see if in 2 or 3 months the price will go up or down, I think the position year-end prices really depend on prices 2 or 3 months away.

I do believe that we should be having some money aside, either bulk money that we have aside or just income that we can put into the market anytime we want, that would be lovely. In that way we are going to see an increasing price as much as we possibly could and that would be lovely, it will give us a whole benefit. I am not saying that it should be like that forever, obviously the income may stop one day, but if you could keep on investing time to time here and there that would be lovely.

I believe that we should be considering this a lot more, it would be helpful that we could see something benefiting for a long time before we stop. I believe that it would be a lot better and should be considering the best we possibly could until we are rich and then retire.

Predictions are just predictions, nobody knows what will happen. I see many people believe bitcoin will hit $30k in April, and then they move to May, and we're almost out of May, but bitcoin hasn't hit $30k yet. So I think bitcoin prediction for each month is really unnecessary, we should just take it as a fun prediction, don't expect too much or focus too much on them. What we should focus on is finding ways to earn extra income, increase bitcoin accumulation and hold until the next bull season.

Personally, I hope this state of the market lasts so that I have enough time to accumulate as many bitcoins as possible. If bitcoin rises to $30k too quickly, it will leave more regrets than joy.

Or just try to reshuffle their investments around and squeeze profits to other coins. So yeah it's not that bad as long as you know what you are doing and you are experience with it. Otherwise if this is the first time that you are going to try it, then it might be a bad approach as you can bury yourself in it and lose more money in the end. It takes a lot of courage for newbie to enter this strategy. So I might be thinking that they are just affected by the FUD and just selling at a lose right now. The only thing they can learn from it though is experience and as they go along the way, it might be good for them in the end.


It's seems to subside though, lots of stable coins are not 'stable', unlike before wherein majority of them have de-pegged. Anyway, this May may not be a good month for all of us, but we should still stick with the market. Don't forget that we are still in the bear market. So technically, prices will tend to go down hard anytime.

Today May 25, Bitcoin market currently stands at $26470. The volatility that has started in the market seems like the Bitcoin market could go further down. A few more days of May are left, the market may not pick up for the next few days. Many investors predicted this May that the Bitcoin market would reach $30,000 again. In that hope we looked for a way but failed. But the market may stay at $30,000 in June. Do you think Bitcoin will go up in June or stay between $20,000 and $23,000?

Currently bear market is not short term. But we are still out in a bear market. During this recession, I am saving some of my income from here for investments and spending some for my family expenses. I am holding my investment during this investment and investing more to strengthen the investment. But I am hopeful that I will definitely succeed.

Selling at a loss may not be a good idea as long as you don't really need the money right away. I tend to offer you to use savings or reserve funds instead of selling at a loss as we all believe a downturn is only temporary and a market recovery is possible after some time. I agree to become a pro trader you have to be prepared for any market conditions, but you shouldn't sell at a loss as long as you have other options. I don't mind that if you're looking to sell, but if you're accumulating on dips and waiting for a recovery then that's a real pro.

I tried to check the market conditions, yes the bitcoin price grew well today after -3% correction the previous day.
I believe the price recovery will gradually improve and will probably happen before this month ends. Agreed that we should quickly ignore short term volatility if the bitcoin we have are long term investments, but traders can adjust their strategies and price volatility as I believe they can get worth it returns too.

That's while when we are making analysis of bitcoin market we don't have to be making the predictions over sure, the value of bitcoin changes and since the values changes we have to know that if the value of bitcoin reduces this month theirs any possibility that the value will can be uptrust any time or any hour.

If they are affected by a FUD it can mean that they still lack in knowledge but once they became a pro, they won't complicate things anymore. Selling at a low price is not bad as long as you are still in profit and it's even normal for a trader to sell at a loss. They can still trade again and make that money they have lost earlier. Stable coins are not really necessary. There are no stable coins before but we can still be able to buy a crypto.

There is also a risk in stable coins nowadays so we must be vigilant when we hold them. Indeed the market is getting stable lately. I think that indicates that we are now ready to go up again so for now, its safe to say that the downtrend have stopped.

I never talked about a negative trend, I talked about a negative movement on the market, which is what is happening, since the first days of May the price has done nothing but to go down and now we are getting close to the 25k support level, will we go below it? I doubt it but it is a possibility as it seems this correction could be larger than expected, still I am not worried as this is going to give us the chance to once again buy bitcoin for a slightly better price and get more bitcoin in exchange for our fiat.

This habit occurs because they are consumed by fud issues which make them worry in making decisions.  Selling at a low price is a pretty bad choice because they think the price will drop deeper even though there is only a small correction. Indeed, in the past few days we have seen a more stable btc price movement where the price movement occurred at $ 27k and fell to $ 26k.

Therefore, as wise traders, we must have a stable coin or Usdt to take advantage of the opportunity to buy and enter gradually. Market conditions will take time to recover so we have to be patient and not be swayed by the fud news circulating out there. Optimism in one own establishment that can grow self-confidence when the market is red like today.

But I guess, many traders are still learning as well and they have a hard time responding right to the situation. Most of them are selling because of worries that it turns down low (cut-loss strategy) which is supposed not to do that. It is very important that a trader must know how to hold as well thinking that the market design isn't consistently growing high, it drops also and even it takes a little bit longer before it recovers. Now, if we just keep using this strategy, we end up losing more.

I guess that's how experienced traders are doing right now. They are buying when there are opportunities while the market is falling,
having an idea that the market can bounce back and give them short-term gains.

It's a matter of knowing how to react and how to take the risk when you see good opportunities to buy, instead of selling, it's better to deal with a good' research first.

The decision always relies on how you do your DYOR, as it will bring you the chance to earn decently.

Although I agree with what you're saying here on longer-term time-frames, this theory is only based on time-frame you are looking at. Certainly the past two months has been relatively trend-less as it were, but at the time of creating this topic in the short-term there was a downtrend arguably on the 4hr time-frame for example. As the OP said, they were talking about the past week as opposed to the past month or two.

Also ignoring prior price history and looking solely at the past month, price has made lower lows and lower highs, which is the standard structure of a bear trend in the short-term at least. Likewise in the longer-term we have seen higher highs and higher lower, so again this comes down to the time-frame you are looking at as to whether price is in an uptrend or downtrend (as currently both theories are true).


I think the other way to look at the situation is that price is unable to get back above $27K that was previous support for 2 months. Sure it's stopped at $26K for now, but also only going sideways below previous support as it turns it into resistance. Given that it's not going to stay within $26 and $27K forever, it look a lot more likely that $26K will break as low-level support than $27K which is becoming significant resistance.

I'm not suggesting price is going to go significantly lower, but a re-test of $25K looks increasingly likely, even around $23K where there is more significant support.

It is still too early to talk about a downtrend. There has now been a correction, but the fall has stopped at 26k. It seems to me that something interesting is about to happen once investors from China enter the market. Volatility should show up again. So far, the market is calm after the correction, but there is a feeling that the trigger for a new movement should appear soon.

A "trend" requires an ongoing movement in the market that takes a long time not a sudden drop that lasts less than 24 hours that takes the price from $31k to $27k and then remains there. The only "trend" that we had in bitcoin in the past two months (from roughly March 15) is sideways not bull nor bear.

Everyone involved in this market wants to get rich quickly, including us, don't deny it. But when we entered the market and had real experiences, we realized that things are not as simple as we thought. I think new people today are no different than we were then, and they will mature over time as they go through a bear season on their own. Similar to the OP, if he can survive this bear season and experience it, I believe we won't see the same questions from him in the next bear season.

Buyers already had 80% profit from bottom in less than 4 months. i cant say bear market is over but how come bitcoin went up 80% in few months if its bear market?