Topic: Bull run is over? - page 6. (Read 3634 times)
We should not be mistaken by the sudden downfall of bitcoin's value into the end of the bull run. If you would take a look at the market, you would see that the altcoins are still going high same with bitcoin who reached a new all time high of $66k last April 17. Even though the value went down into $50k the next day, it easily recovered and regain its high value. We have now certain ideas on how long the bull run will take place, we only have speculations and considering that it is just a smart guess, it would be best if we are always ready on whatever events that may take place all of a sudden.
If the bull run is over, why my alts are keep pumping? :-D Don't buy that FUD.
Just some negative news had some impact on the market, but if you see the whole picture, bitcoin fell with ~ 23% and then recovered back. Compared to 2017-2018 market, the percentages are approx the same just the value of the red candles in USD is a bit more shocking, but the green candles are also impressive.
Just some negative news had some impact on the market, but if you see the whole picture, bitcoin fell with ~ 23% and then recovered back. Compared to 2017-2018 market, the percentages are approx the same just the value of the red candles in USD is a bit more shocking, but the green candles are also impressive.
Haha good to hear you are still running well! Sure, we could see a minor crash and we probably will see one very soon, but it is hard to imagine that it will end in a bloodbath. Nobody really knows, but I don't believe it.
Keep it pumping!
If the bull run is over, why my alts are keep pumping? :-D Don't buy that FUD.
Just some negative news had some impact on the market, but if you see the whole picture, bitcoin fell with ~ 23% and then recovered back. Compared to 2017-2018 market, the percentages are approx the same just the value of the red candles in USD is a bit more shocking, but the green candles are also impressive.
Just some negative news had some impact on the market, but if you see the whole picture, bitcoin fell with ~ 23% and then recovered back. Compared to 2017-2018 market, the percentages are approx the same just the value of the red candles in USD is a bit more shocking, but the green candles are also impressive.
now Bitcoin is below $ 50000, of course this is a bearish sign for the short term to have started, yes it is a little awkward because the bullish sentiment is still going on, and we are still in the long term bullish zone, maybe it will end next year, correction is very reasonable for now This, because since 2020 bitcoin has been without major corrections, only 10%, and now is the time for correction to 20% or 30% before bullish again, so be wise to manage money and don't buy when the market is bad
Look at it in more relative terms. Keep in mind where we came from, minor corrections (and this is a minor correction) isn't just a bearish sign. Overall this was an insane bull market so far. Huge ups and little downs doesn't sound like a bear market to me.
2018 was a bear market! A painful bear market.
Exactly, every downtrend will negatively affect the market condition and correction are always important for a healthy market. Without correction, the market can't form a new leg, yes, 2018 was one of the worst bear markets which we have sustained during that year.
As long as bank interest rates around the world are still low, and especially the fed has not increased the rate
Bull run will still be on a safe path.
Bull run will still be on a safe path.
The same goes for printing dollars. As long as the FED prints dollars and those who sell oil accept them, we can rest assured that the price of Bitcoin will continue to rise. The price drops that we see every few weeks are natural corrections. Nothing more.
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According to some article I read online written by some crypto expert or so to say, he predicted that the current bull market is likely to last from now to November this year before we enter a major crypto winter which might run through half of next year or the whole year, I don't know how correct this prediction is but I guess we just have to sit and watch what happens, if truly this will happen the way it's predicted.
Personally, I kind of believe though, cus this year's bull market has proven different from other previous years, and also what drives this year's bull market is real adoption of bitcoin by real institutional investors, many big companies are investing billions and millions of dollars and this why the bull market is strong and likely to last longer than the previous ones.
Personally, I kind of believe though, cus this year's bull market has proven different from other previous years, and also what drives this year's bull market is real adoption of bitcoin by real institutional investors, many big companies are investing billions and millions of dollars and this why the bull market is strong and likely to last longer than the previous ones.
now Bitcoin is below $ 50000, of course this is a bearish sign for the short term to have started, yes it is a little awkward because the bullish sentiment is still going on, and we are still in the long term bullish zone, maybe it will end next year, correction is very reasonable for now This, because since 2020 bitcoin has been without major corrections, only 10%, and now is the time for correction to 20% or 30% before bullish again, so be wise to manage money and don't buy when the market is bad
Look at it in more relative terms. Keep in mind where we came from, minor corrections (and this is a minor correction) isn't just a bearish sign. Overall this was an insane bull market so far. Huge ups and little downs doesn't sound like a bear market to me.
2018 was a bear market! A painful bear market.
As long as bank interest rates around the world are still low, and especially the fed has not increased the rate
Bull run will still be on a safe path.
Bull run will still be on a safe path.
now Bitcoin is below $ 50000, of course this is a bearish sign for the short term to have started, yes it is a little awkward because the bullish sentiment is still going on, and we are still in the long term bullish zone, maybe it will end next year, correction is very reasonable for now This, because since 2020 bitcoin has been without major corrections, only 10%, and now is the time for correction to 20% or 30% before bullish again, so be wise to manage money and don't buy when the market is bad
Good correction is the solution for the next wave, even though it is a very frustrating process for beginners to handle during that tough period. Panic trading is only done by those who are psychologically ill; bitcoin market swings are still difficult to predict, but the drops that occur are just temporary; the market will return to normal after the change.
It is frustrating if you're looking to the day to day chart but if you're in doubt, you have to trust the process and I agree to you that it's going to be the reason for the next wave. This correction will open up the idea how big might be the next wave would come after it has corrected. And if that time comes, you would be proud of yourself that you became patient and just held.
Good correction is the solution for the next wave, even though it is a very frustrating process for beginners to handle during that tough period. Panic trading is only done by those who are psychologically ill; bitcoin market swings are still difficult to predict, but the drops that occur are just temporary; the market will return to normal after the change.
Today, the BTC coin story remains in the spotlight of the rise of other altcoins. We can't predict that this coin will stop going up. Various predictions that have existed sometimes do not happen, but in the crypto world it is recognized that as long as people are still interested there will continue to be such coins.
Even if it is a very painful experience for beginners to manage in that difficult time, healthy correction is the answer for the next wave. Panic selling is only performed by mentally disturbed people; cryptocurrency price fluctuations are still impossible to forecast, but the declines that arise are only temporary; the economy will return to normal after the adjustment.
Correction could be short term or long term, it doesn't matter anyway as long as we believe that bitcoin will have its bull season again. It's not confirm yet if we are already in bear season, bitcoin is still stable, at $50k, so there's no big issue here, maybe once it will start dumping again and will reach below $50k, then that could be the first stage of confirmation that we are already in bear market.
Today the market crashes again BTC drop down to 48k and back to 50k im not sure bull run is over and change to bear or not.
but we need to careful
Not yet over. Just after that very huge dip, there will be a lot of people that would think that the bull run is over. Those are less experienced people in cryptocurrencies. but we need to careful
After all of those years that we've seen, they only look to the market as an increasing form of market but don't realize that whether it falls down to $30k, the price is still high and can be said that it's still on the bull run.
But so far if that's going to be the basis, we're not yet going to see the bearish season that many don't like to see.
Even if it is a very painful experience for beginners to manage in that difficult time, healthy correction is the answer for the next wave. Panic selling is only performed by mentally disturbed people; cryptocurrency price fluctuations are still impossible to forecast, but the declines that arise are only temporary; the economy will return to normal after the adjustment.
I don't think the bull season is over yet. It is necessary to have such corrections in order to provide a healthier rise, there is only fear in the market right now. Trading in the current uncertainty is really risky for me. If the 48k support point is broken, the correction may take longer.
one way or another, the price of Bitcoin may indeed drop even lower, but it is unlikely that it will drop below $ 40,000. Although this mark may not be there, according to the indicators of some analytical companies. But in any case, when the price drops, there are many who want to buy bitcoins at a lower price, and therefore the bull run will return to its course again. what is happening today is not critical at all.
Maybe not that fast but I know we may able to reach that if the market turn to bearish. It changing its direction very slow ( and I was thankful for that) and I still have the chance to sell my Bitcoins while the price was still high. It for sure many we're saying just HOLD, keep calm, and don't panic. But sorry, I can't afford to do HOLD especially when you are seeing that the trend is going down unless if you don't care about your profit.
It is better if we hold on to whatever happens we will definitely find the best prices I think this year is a more profitable year and also in Q2 where the market is sure to have a bigger correction now, I think people will stick with it lower price.
one way or another, the price of Bitcoin may indeed drop even lower, but it is unlikely that it will drop below $ 40,000. Although this mark may not be there, according to the indicators of some analytical companies. But in any case, when the price drops, there are many who want to buy bitcoins at a lower price, and therefore the bull run will return to its course again. what is happening today is not critical at all.
Maybe not that fast but I know we may able to reach that if the market turn to bearish. It changing its direction very slow ( and I was thankful for that) and I still have the chance to sell my Bitcoins while the price was still high. It for sure many we're saying just HOLD, keep calm, and don't panic. But sorry, I can't afford to do HOLD especially when you are seeing that the trend is going down unless if you don't care about your profit.
Today's btc around $49k, market not stable and this may likely look the bull market is whining down, but we don't need to panicking with situation surrending the market.
Let's observe if the market will be bullish again, once bitcoin pump to over $50k, then maybe it's the righ time to ride again as it could reach $60k again. Thats how price will increase if its still bullish, but on the other end, it could also dump further if we are indeed in bearish market already. Today's btc around $49k, market not stable and this may likely look the bull market is whining down, but we don't need to panicking with situation surrending the market.
Let's observe if the market will be bullish again, once bitcoin pump to over $50k, then maybe it's the righ time to ride again as it could reach $60k again. Thats how price will increase if its still bullish, but on the other end, it could also dump further if we are indeed in bearish market already. Jump to: