and again the market doesn't seem to be able to break past $42k again but it's rather obvious since going to $40K the market already trying so hard so for it to go below $40K again is to be expected
but i'm fine if the market just doing sideways around $30K above as long as it doesn't go below $30K, I'm anticipating for the next bullrun to start from around $30k then we can hit $100k. im gonna go all in and if the market dumped, then I guess another hard hodl round.
Topic: Bearish movement on the way? - page 2. (Read 620 times)
A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!
Anything can happen as the market is really volatile, everything depends from how the acceptance will proceed.
We are on the halfway now with that prediction and so far Bitcoin still standing above 30K, there's up and down at the moment, Still
possible to dump down or also very possible to pump if more news will come up and bring the bull momentum a strong support.
Still needs a huge amount of patience and trust while waiting for our investment.
We have been seeing higher lows but the uptrend is not yet that strong to break the resistance. The last low was with a lot of sell pressure but a very small drop at $38095. If price goes above $40k again the next 48 hours the upward triangle could be completed and the breakout will become more plausible.
In any case there is still not even a single indication of a bear market as before and we are either going sideways some more or turn into bull market real fast.
In any case there is still not even a single indication of a bear market as before and we are either going sideways some more or turn into bull market real fast.
A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!
I think the most important barrier is $40k, our attempts have been rejected, specially around $42k, this is the price that most speculators are looking at, because it we broke that then we will be on a bull run cycle again.
But as I have said, we are not breaking any of this mental barrier, but I do believed that we are going to maintain above $30k this July. If there is no support at $40k, then we have enough at $30k-$35k for now.
$40K is not that important what is important is the $42-$43K area. Reason why because a few months back $42K was our old ATH and later on when we broke it and then started to dip, we went to $43K, and when we broke down last month and hit $30K we bounced all the way to $42K and got rejected again.
People are bearish now according to the funding rates so I am assuming we will get a huge squeeze if we break $42-43K. However the markets lately have no volume, so I don't think we will break ATH until at the very least Fall or Winter of 2021. You can tell just by looking at the low fees for bitcoin and ethereum transactions.
A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!
I think the most important barrier is $40k, our attempts have been rejected, specially around $42k, this is the price that most speculators are looking at, because it we broke that then we will be on a bull run cycle again.
But as I have said, we are not breaking any of this mental barrier, but I do believed that we are going to maintain above $30k this July. If there is no support at $40k, then we have enough at $30k-$35k for now.
A good analyst predicted that when Bitcoin doesn't above $30k before July 1, 2021, then Bitcoin will have a long beark market until it reached $14k. BUT if Bitcoin is above $30k before July 1. Then we have a wonderful long bullrun for Bitcoin!
Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.
P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
is this the bearish that you are talking about?P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
https://coinmarketcap.com/
I don't think we can call this as Bearish mate after more than a week of your post.
Triangular ? you should share the graph here for formal checking .
because i believe that you are only Fudding here lol.
The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.
exactly that is the bottom and now climbing back to the top so there is no bearish coming. 
Bullish market is good one for the investors.Because they can get the profit from it.They may lose huge money from the old trading.It may happened by the bearish market movement.The traders should not think huge and lose the profit earning chances.Bearish and bullish market will happen simultaneously.Don't worry at the good times.
what you say may be true but some may not say it's good, because it just depends on the situation someone has experienced in the past, so it can't be taken and beaten all the same.right now we are experiencing bearish and that is a common thing in crypto, bullish or bearish is something that will be experienced and it just depends on how we prepare with good analysis so that big losses do not occur.
but the market is still good especially when viewed from bitcoin which is quite stable during this month and he is starting to prepare for an increase and it does take time because it will go down and up, in time there will be a jump that bitcoin makes to continue to increase until the end of this year.
Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.
P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
Bullish market is good one for the investors.Because they can get the profit from it.They may lose huge money from the old trading.It may happened by the bearish market movement.The traders should not think huge and lose the profit earning chances.Bearish and bullish market will happen simultaneously.Don't worry at the good times.
We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.
Wait, let me guess. Science and math?
Precisely
Would you like to put money on it? It would be my pleasure to bet with you.
Quite evident that BTC chart plots a flag pattern after a strong dump, not really a bullish signal and this worries me a little bit.
P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
The possibility cannot be discarded, even if I do not think we are in a bear market yet if I am wrong then it is obvious that an even further reduction in the price of bitcoin may follow, however I think that what it is happening is that the whales are slowly accumulating coins and they are in no hurry to make the price to go up in value and they may even let it go even lower than the current levels just so they can get even more coins for their fiat. P.S: I took a look at the 2018 run, I've noticed that a very similar triangular formation was been plotted, followed by another bearish movement; I know that history doesn't necessarily repeats itself on this market, but I still found this interesting
We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.
Wait, let me guess. Science and math?
Precisely
For now it is a clearly bearish feeling, but you have to see that investors may be waiting for the ideal time to buy in the DIP, the lowest the price more buy the Hodlers, I think this correction is strong, but recovery at any time It can occur.
Well, yesterday's dump has completely recovered. Today BTC pumping hard and made a high of $36,700 and is now back where we were 2 days ago, so lets see if BTC can hold and turn these levels into support.
We've literally been in the bearish movement for weeks. The bull market is over, and there will never be a recovery. This is THE bear market.
Wait, let me guess. Science and math?
The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.
That is basically what the previous situation was like as well. Back in the day we broke over our ath and reached 20k, but we dropped to like 3k levels, which means it was around 2x of the previous ath, our previous ATH was 20k, and now we are under 40k but we are doing fine, over 30k, so it is "about" the same. You do not drop under previous ATH after you reach to a new ATH, that is how the bitcoin bull runs have been like for the past 7 years or so and I believe it will continue to be the same.I hate to create these type of patterns I just made because I think bitcoin does whatever bitcoin wants and there is no pattern but when you look closely you will see that even if not patterns there is a good amount of hope and agreement in people that causes these type of things. Like maybe we will reach 200k or so next run and be over 100k even when we fall type of things.
The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.
We have recovered from that near $20'ish, the price seems to be bouncing to $36k and a huge gain at 13% or more in a day. This might not be a clear signal that the bulls are back, but at least we know that at anytime, the market can spike again. I can't remember the last time we have this kind of increase in a day, so it's a indication that at least the bears are not in full cruise control.
The price to watch is $40k, this is the big wall in front of us. If this is broken, I would say that the bulls is likely have control of the market again, so let's see.
The price had bottomed at $30K+ thrice an indication that the bears couldn't break the support at that zone however that does not mark the end of the bearish run. There is no clear signal of the bulls taking over the market, we can continue to buy at dip while Traders can scalp the market to earn some profits, I hope the bearish sentiment end now because the market had experienced a turbulence period which like a survival of the fittest.
Yes, lightning never strikes back in the same place.
It could be different this year.
I do believe Bitcoin already gained too much and it wouldn't hurt so much even if a bear market happens again. Although I don't really like the idea.
The sooner the value of it getting stronger the better. Bitcoin dominance should stay at its place and cannot be overtaken by any coins or the balance will be tilted.
I think it's just resting because even with all the FUD's that had been spread it doesn't let go of $30k.
It could be different this year.
I do believe Bitcoin already gained too much and it wouldn't hurt so much even if a bear market happens again. Although I don't really like the idea.
The sooner the value of it getting stronger the better. Bitcoin dominance should stay at its place and cannot be overtaken by any coins or the balance will be tilted.
I think it's just resting because even with all the FUD's that had been spread it doesn't let go of $30k.
Everyone is afraid of an upcoming dump, and here I am excited about it! I mean I do have some money in crypto obviously and when the price goes down I am sad about it, but I know that I will be able to buy cheaper and when it goes up I will be richer. That is the only thing I care about, making more money and I already cashed out the amount I need to survive living, that is the important part because you should never put money you need in crypto or in any other investment, but when you do not have any type of problem with the money in the crypto world, you do not have to withdraw it and all?
In that case drops are good because it can never go up forever, it has to go up but then down however it will then go up again, so we had the up, we got lucky, I sold a few, then I will buy some more at bottom and then sell at the top, this is how you make a profit.
In that case drops are good because it can never go up forever, it has to go up but then down however it will then go up again, so we had the up, we got lucky, I sold a few, then I will buy some more at bottom and then sell at the top, this is how you make a profit.
For now there is a value down, it does not mean that it is going to fall much more than $ 20k, but it is seen that many are entering Short:
For now it is a clearly bearish feeling, but you have to see that investors may be waiting for the ideal time to buy in the DIP, the lowest the price more buy the Hodlers, I think this correction is strong, but recovery at any time It can occur.
Quote
Bitcoin has suffered from downside over recent days despite "feel-good" news stories from the Bitcoin 2021 conference, including adoption in Latin America.
Now, after BTC/USD lost 9% overnight, attention is turning not to a recovery but to a deeper price dip to test hodlers' "diamond hands."
According to Cobra Crypto, the size of the capitulation will cost the $30,000 support that remained during the May retracement.
"Absolute carnage within next 5 days or you can tell me how wrong I was," he wrote on June 4.
Source: https://cointelegraph.com/news/bitcoin-will-dip-to-25k-if-this-trader-s-20-crypto-crash-forecast-comes-trueNow, after BTC/USD lost 9% overnight, attention is turning not to a recovery but to a deeper price dip to test hodlers' "diamond hands."
According to Cobra Crypto, the size of the capitulation will cost the $30,000 support that remained during the May retracement.
"Absolute carnage within next 5 days or you can tell me how wrong I was," he wrote on June 4.
For now it is a clearly bearish feeling, but you have to see that investors may be waiting for the ideal time to buy in the DIP, the lowest the price more buy the Hodlers, I think this correction is strong, but recovery at any time It can occur.
There are many resistance above $36k and volume is also low to make a reveral to bullish sentiment but when it goes below to $35k it quickly bounces in just a short amount of time.
One day later....
This is why predictions should be made without involving numbers..
It might go down and it might go up, at least with this you have a 50/50 chance of getting it right when you're doing it with 36,35,34,32,21 you might get it wrong twenty times in a single phrase.
It's not really a dump-ish pattern, more like just a correction period instead. Granted that a small dump here and there due to FUDS happening isn't unlikely, it isn't the main reason as to why the price went down from $50k.
It went down from 64k less than two months ago, and it's now less than half of that, if this is a "correction" I wonder what's a dump pattern in your view? Sub 100?
I don't believe that the news about the seized Bitcoins from the Colonial ransomware hackers created panic on the market,but it seems that this news have some impact over the Bitcoin price.
No, it's not that alone. That news would not make any waves in the bitcoin community now it would matter to investors, the problem is that the momentum was lost when Musk decided to crap on it and the other is that the momentum itself was half created by Tesla, no matter what deniers want to say, the moment of the announcement we jumped 10k in a single day from 36k. We're back below those levels and everyone is cautious, everyone is waiting for something, hell, even the mempool is empty, like a true bearish hibernation scenario when we need something really solid to rock the markets again. We only need a spark but, everything misfires at the moment.
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