Topic: Bye Bye Bear Market :) - page 2. (Read 1801 times)

and currently market conditions are starting to improve, even though there has been recent news, namely that Cz resigned from the position of CEO of Binance, because he was proven guilty of the charges that the SEC gave him.
but I saw the market go up again after the news came out.
it looks like 2024 is off to a good start for the bull market.

We did not see dip in price from previous three weeks it means that we have been entered into the Bull market. Previously the price was very much low like 26k$ but now it increased and cross the value of 35k$. Previous dip was just a mechanism which always happened before Initiation of halving.

People believe now that bitcoin  will increase to reach highest value which no other coin will touch. Bitcoin's price suggest about the bear and bull market so if the pump ends after some days and price reduces then we can say that no its not a Bull run but a temporary attempt towards halving but now there is continues growth in market price so it indicates that market is Bull.

I agree with you, before the halving Bitcoin will reach a fairly deep decline again, maybe we will see a range below 30k$, and after that it will rise slowly.
but everyone of course expects a very high rise, and in a short time, but it is the patient people who will get their reward.

Being on the market for a while or did experience wayback those previous bull run or cycles then you wont really be definitely be saying up such thing. Yes, we could really be having those % movement but doesnt
mean that breaking or reaching out all time high on this month of December of this year would really be that impossible and if we do base up realistically about its movement then it is really just that too far off to consider that we would really be hitting up those numbers but of course there's no way on telling about those probabilities. It is really just that hard to believe that we would really be able to reach up the all time high before halving event. We do know that it could happen but its not that unrealistic.

Bull run do usually kick in after the halving event which could really be a couple of few months after the said event. Bear market as of this moment? Since we are already half way with that all time high
then it isnt really that bad to say that we did really be able to get out with the current bear market but well there's no way on finalizing considering that dumps and corrections
could happen randomly or simply its being that unpredictable in the first place.

New all time high this December? I doubt that it's going to happen, we will not be having that kind of spike though, we have to make a gain of more of more than 100% at the current price of Bitcoin. Not saying that it might not happen, but the probability is not there as it will take a lot of money from investors. So it's better that we remain with the pattern, we will have to wait for the block halving to happen and then in the next 2 years, new all time high can be reach.

That's how the market's ecosystem is, we don't want a artificial pump because Bitcoin is not known to be that market, that kind of movement is more on the altcoin side. As I have explain in other thread, it's a pump and dump scheme, nothing more.

I couldn't say if right now it is a bull market or that it is about to go up as it is, because at any time anything can happen with bitcoin, but I see that there are many articles that talk about how a good price can be generated for this December and possibly a new ATH could be activated, I don't know, but it may be like that, if not, then it doesn't matter, the price is growing, I would like to close the year with $50k, it would be something great because that would be the case There are many who are as big believers in bitcoin as they are silent, as they always have Been , but I do believe that the price will not go down this month or the rest of the month.

Good analysis from @Woodie, and I also refer to the predictions he conveyed, such as the graph attached above, what you convey is correct in terms of BTC's potential increase will exceed ATH 70K but will the Bitcoin ETF rumors in the future which are often discussed we will look again? the price is jumping strongly or the trend will return and fall because so many people are waiting for this decision.

We may have gone too far these past weeks/months but I wouldn't go to a conclusion and say that the bear market is now over because we are still far from our last All-Time-high. Therefore, if I were you, I would withdraw my words now and I will only say that we are now in the bull market once we touched the $70k level. Even though a bull market can also be caused by different matters, what have helped the price to get this point is the news which can be still be considered positive even though some of them are fake news or rumors only about the approval of BTC spot ETF. BTC can do wonders. You will know that if you are not new here anymore.

The days of the bear market are over, now the days of the bull market begin. Bitcoin bull market has started. The value of Bitcoin has increased a lot. Bitcoin price is currently 37, Which was 26 three weeks ago as well. This clearly shows that the Bitcoin bull market has started. Because without a bull market alone, it seems unusual for bitcoin to rise 10k in just three weeks. So I think that the Bitcoin bull market has started. So, bye bye bear market.

Let's do the math. At this point, bitcoin has been successful for 15 years. Can this be considered a long-term perspective?

You are right in thinking that governments will not give up trying to control bitcoin, because control of financial flows, which partially flow into bitcoin, is their primary goal. The question is whether they can take control of bitcoin.

Bitcoin will reach its historical maximums each time with a new cycle until it reaches a “plateau of stability.” In the "near future" - within a few years, you will see a new high. It's unavoidable.

Faith is a subjective thing and has no influence on the course of events. Even if you believed in bitcoin, it would have no effect on "Bitcoin stocks will go crazy again".

Try to see how the market is moving whether it is signaling bearish or more likely to be long-term sideways? The bearish is still not over as evidenced by the fact that it is still difficult for us to be at the $30K level breaking through that price resistance is still difficult and I would say it is still very far away to return to bullishness.

The current year will not be more than $50K is my guess, as long as you predict in a certain month for example and in 2023 then the bearish will not disappear this will be in the low range until the next few months.
You might look at some indicators to determine which way the market is moving? I don't think about that, because basically after the halving it's going to be a lot of talk whether it's bullish or it's going to be a bit of a recovery, but yeah my guess is the end of 2024 which a lot of people are predicting the same thing.

I also don't know whether your question is right or wrong, because Bitcoin is not a free cryptocurrency as you imply. Because whoever doesn't try to get it, Bitcoin will not come by itself in your or anyone else's wallet, so Bitcoin is not free mate because everyone has to always try to get it. Whether it's by buying or also by being a promotional participant in a campaign, while governments in all countries will only continue to maintain the value of their country's currency because they can't control Bitcoin as they wish.

There is no problem with your pessimism, because whether Bitcoin is crazy or not always depends on the trust of many people and on the continued increase in new users in this world so that it can continue to generate greater demand and supply every year. So there is no need to apologize because there is no problem with your attitude that is still doubtful about Bitcoin.

We have always noticed the change in the BTC market, and it has changed a lot more than before. Accordingly, if we observe the lines of Bitcoin, then there is definitely an opportunity to move to a better position in the future. Moreover, we have seen a huge change in BTC, at the moment we have seen a lot of changes in the Bitcoin market in 2023 compared to 2022. Because we can assume that the Bitcoin market has changed more than before, and we think that the bull market is coming very close. Of course, those currently interested in investing in BTC will largely do so while waiting out the bull market. And when an investor waits till the bull market, he will definitely invest in the hope of higher returns so that he can earn good profit. And it is true that we can say that there is no doubt that the Bitcoin market will reach new all-time highs again.

I know this is a bitcoin forum but do you really think free crypto's like Bitcoin will be very successful long term? Can't really think that governments  will give up control on currency's once they become too big. Also I don't really know if Bitcoin will ever reach its all time high again (soon)

Sorry for my pessimism but I don't really believe that Bitcoin stocks will go crazy again

To be honest we should probably assess market moves lot more to be sure if bear market ends or not. I hope bear market was ending around late August but I was proven wrong. I also check indicators regularly but in my opinion global crisis around the world also badly affected Bitcoin demand. People do not want to be early buyers to be left bagholders when we are in recession. I feel that 2024 will solve many of our issues.

This is why i dont make myself that getting excited on the time that the price do make out some signfiicant movement like $1k-$2k movement because usually people would  really be saying that this is start of the bull run
but it wasnt really that sustaining or really that lack for some push forward because after those kind of movement or increase will not really assure that it would continue.Expect the unexpected as always on which this market is really that something that very unpredictable and there's no way that we could really be able to tell on where it would really be heading on which it would really be resulting that kind of boggling up on our minds on what are the things that could happen. Bear market is over? There's no way on telling or saying that not unless on that Bitcoin halving on which we can tell that it would really be that the catalyst for bull run to kick in or something that we can really tell that this market will really be that having that full turn.

Instead of minding about bull run then it would really be just wise that you should really be that positioning yourself on the bottom which we do believe that there might be some last drop before
the market would really be having that complete u-turn but of course all of those things are assumptions and there's no way that we could tell on when it would happen.
Market could really be only just having two possible paths which is on going up or down and it would really be totally depending on when it would really be starting.
This is why taking up wise decisions is really that recommended.

And after almost a month, the same pattern emerges, we are still in the sideways pattern. We did have a good price movement above $27k, but that is the highest price we got so far for this month. And if we talk about volume, not that much either.

So yeah, it will continue to be sluggish, the conditions around the world is not helping as well. We have seen fresh war in the Middle East and it might contribute to the slowness not just by crypto market, but all financial and traditional market as well.

Small corrections don't make the market stay in the bear season in my opinion because the market even corrects itself during the bull run but that doesn't make much of a difference and the market starts going up after those corrections just normally. However, it can be said that we are still not totally out of the bear market despite the fact that the price went from about $18k to $32k this year but that doesn't make it any different since it could go beyond that.

I don't see the price going as low as $20k and it will obviously cause a lot of panic in the market if it happens because almost the whole market is expecting the current price to be the bottom before the bull run that we might see next year or the year after that and the market should start recovering slowly from this point.

I see that market conditions are still sluggish here and there due to unsupportive macroeconomic conditions, especially interest rates which are still high. Well, this condition causes little money entering the crypto market so that the price of Bitcoin has not soared or increased and this is normal because in my opinion it is part of the market cycle.

Totally normal that you would really be making out some bad decisions on the time that you are really that dealing on a market on which you arent even aware on how it do behaves or on how it do really moves when it comes into its price volatility.I did remember that 2017-2018 moments specially when that bull run happened where everyone is really that been hyped up on which they do even believe that the price would really be non-stop on going into the top or prices that havent been able to achieve or attain without even trying out to realize that a market cant really be just having a single movement like forever on which if there's a bull market then theres always a bear after than and the cycle continues. It cant really be called a market if it doesnt really have that kind of phase on which it is really that normal that shifting with those trends.

If you have learned your lesson back in the past then it would really be just that normal that you would really be having the idea on what you should gonna do with the current cycle.
You do already have the idea on what you should gonna do based up on your experience and this is something a normal approach. We know that bitcoin halving is really that a solid
indication that would really be acting as a catalyst on the next bull run. This is why its wise to take up positions while its still early or have still the time on doing so.