Topic: Bull or Bear season for crypto? - page 6. (Read 868 times)
It cannot be called as pure bear trend but it is nearing to that point. Bitcoin has slipped to $7900 from $13000 recent high, that is the cause of concern for all the crypto holders. If the price could have stabilized at $9k, we could have called it correction but at this level it may turn into bear trend anytime. Lets see and hope this bear trend does not come again. Bull trend has surely broken but it has not entered into bear trend yet.
This has already been asked super recently, were still in bull until the market goes into a true downturn. This is just a part of the market cycle like the previous ones before it, on the initial run up to $10,000 there were plenty of 10%+ dips and swings. It's just the way crypto works.
I hope that what we have now is just a correction or something, not the change of the trend. The price is not very welcoming now, it's $8k instead of $10k, and it's very close to the $6k-$7k price barrier that Bitcoin struggled with for months in 2018. The price hasn't dropped so low since June. However, it's also true that similar drops have happened during the bull run and haven't changed the general trend (although the price after each drop did not recover fully). I guess only time will tell what's going on right now.The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
Neither!! Bitcoin is slowly showing signs of stabilization. Before the recent downfall, its price fluctuation was less than 2% for close to two weeks! I would say this recent downfall is more of a routine correction only! So we don't need to term it as bullish or bearish! It's very normal in crypto market and we have been experiencing such kind of fluctuations since a long time now!
The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
Neither!! Bitcoin is slowly showing signs of stabilization. Before the recent downfall, its price fluctuation was less than 2% for close to two weeks! I would say this recent downfall is more of a routine correction only! So we don't need to term it as bullish or bearish! It's very normal in crypto market and we have been experiencing such kind of fluctuations since a long time now!
Throughout history (at least for Bitcoin) each bear-bull cycle is getting longer and longer. In previous one bull and bear markets lasted for over a year each.
Though I don't think there's a standard criteria into checking if a market is in a bull or bear market, I'm guessing we're still probably in bullish territory. We'd have to be in a continuous downtrend to probably call the current situation a bear market. Probably another drop to $6k-$7k would be enough to conclude that we're back in a bearish territory.
The price of bitcoin moving high or low can be attributed to various form of reasons. The price seems to had slipped into down movement I still can't say it was it a bear period. Price has connections with volume, demand and supply
The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
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