Its not a bear market right now, we havent pulled nearly half enough to negate the gains since year start. You will get thrown from the horse if you let every bump in the road upset you like this, tough luck this is how BTC is and it will decline in this way or even greater even during a period of good gains.
Today is volatile movement but its not failed yet to keep the 27k area so yet again its remained within range of the same prices seen for last couple of months. We just doing loops, cant be labelled negative while in summary we go sideways.
Topic: Bye Bye Bear Market :) - page 5. (Read 1805 times)
January, of course, everyone agrees that the bull run will happen soon and we will leave the bear market soon, unfortunately since the beginning of February the price has continued to decline and makes us have to be patient, in my opinion the best thing to profit in cryptocurrencies even in a bear market is to always be patient to hold, don't be easy panic to sell because it will make us regret it.
Exactly, selling during this period is unpreferable and risky to be honest and it is unexpected to see a bear run in next weeks. In my opinion, this volatility will continue and the price will not hit $30K until next month. If you have an acceptable amount of stable coin, it would be definitely fruitful to purchase Bitcoin within this month. At the same time, you must have a Plan B and maybe C to avoid the risk of loss for the reason that this market is unpredictable and the sudden events always occurs. Hopefully, the whole market will pump significantly in next few months despite it is not that easy to be achieved. Everything is dependent to whale’s plans and decisions, they are literally capable to pump and dump the market wherever they want to.
January, of course, everyone agrees that the bull run will happen soon and we will leave the bear market soon, unfortunately since the beginning of February the price has continued to decline and makes us have to be patient, in my opinion the best thing to profit in cryptocurrencies even in a bear market is to always be patient to hold, don't be easy panic to sell because it will make us regret it.
actually was able to pass $ 25K, but not for too long and the price went down again, this really indicates that it doesn't have the strength that bitcoin has, to be able to continue to be at a price above $ 25K. it is possible that if you stay at that price for a long time it is not impossible that the price will continue to increase.
it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.
No problem that Bitcoin still can't maintain $25k, it is normal there are corrections before it really moves above $25k. It is still March, we are still in Q1 of 2023. I think Bitcoin price begins to move above $25k in Q2 of this year, so just be patient to wait for the corrections for a few weeks. At least, the price of Bitcoin can stay above $20k now, it is much better than in Q4 of 2022.it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.
I don't think there will be another huge dump as in 2022, the price looks like to stay above $20k. Until now, Bitcoin price is struggling around $22k - $23k, and seems unlikely to drop below $20k.
-There is no gain in saying the fact that we will see a lot of. Marker stability around the 22k-23k price range but that will not stop the possibility of the price not scaling above that price or melting back below 22k, but we will see more bull attempts compared to a bear market.
No problem that Bitcoin still can't maintain $25k, it is normal there are corrections before it really moves above $25k. It is still March, we are still in Q1 of 2023. I think Bitcoin price begins to move above $25k in Q2 of this year, so just be patient to wait for the corrections for a few weeks. At least, the price of Bitcoin can stay above $20k now, it is much better than in Q4 of 2022.
I don't think there will be another huge dump as in 2022, the price looks like to stay above $20k. Until now, Bitcoin price is struggling around $22k - $23k, seems unlikely to drop below $20k.
We don't need to panic from the current correction low, before also said that bitcoin will hardly reach 20k again but it finally did in early 2023, so right now it's just market resistance after a 40% increase and maybe Q2 we will see a significant increase in price based on market recovery this year.I don't think there will be another huge dump as in 2022, the price looks like to stay above $20k. Until now, Bitcoin price is struggling around $22k - $23k, seems unlikely to drop below $20k.
Opportunity for price increase is very large ahead of the halving, we will see bullish coming soon in Q3 or the end of the year, hoping for a recovery high above 40k to be achieved until the end of the year.
actually was able to pass $ 25K, but not for too long and the price went down again, this really indicates that it doesn't have the strength that bitcoin has, to be able to continue to be at a price above $ 25K. it is possible that if you stay at that price for a long time it is not impossible that the price will continue to increase.
it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.
No problem that Bitcoin still can't maintain $25k, it is normal there are corrections before it really moves above $25k. It is still March, we are still in Q1 of 2023. I think Bitcoin price begins to move above $25k in Q2 of this year, so just be patient to wait for the corrections for a few weeks. At least, the price of Bitcoin can stay above $20k now, it is much better than in Q4 of 2022.it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.
I don't think there will be another huge dump as in 2022, the price looks like to stay above $20k. Until now, Bitcoin price is struggling around $22k - $23k, seems unlikely to drop below $20k.
25k is a strong resistance that bitcoin has not been able to break for the first time. If this repeats a few more times and bitcoin don't gets above 25k, we will probably see another drop, maybe even to the old bottom. By the way, the situation of stock markets around the world does not give hope that we will see good growth.
actually was able to pass $ 25K, but not for too long and the price went down again, this really indicates that it doesn't have the strength that bitcoin has, to be able to continue to be at a price above $ 25K. it is possible that if you stay at that price for a long time it is not impossible that the price will continue to increase.it could be like you said, it is indeed proven that there will be a decline again and it could be deeper than at this time or return to the same as last year. I'm just connecting with the world economic crisis situation which has not seen any change so far.
Good reaction to nearing 50 day average, we are up nicely today and also regain the weekly average. So long as BTC price action stays above the 50 day I remain positive but only above the weekly average do I think we trend especially positively. YTD BTC has acted well alongside wider markets also being quite positive and readjusting to greater positivity vs FED policy. BTC lows of late Feb were roughly a monthly average.
Many speculate markets have over compensated and will sell off again but nothing that severe is apparent just yet. Ideally we want the inverse DXY to top out and restart a decline. BTC closing 23.5k and continuing to confirm above would be ideal.
Many speculate markets have over compensated and will sell off again but nothing that severe is apparent just yet. Ideally we want the inverse DXY to top out and restart a decline. BTC closing 23.5k and continuing to confirm above would be ideal.
I am not sure if this is a bull trap although my doubts are great, but I am convinced that we are not out of the bear market yet, it is still very early to confirm the bears was left behind. It is normal for bitcoin to recover from a long string of declines, just as there will be a few sunny days in winter.
In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
The fact is that currently the bitcoin price is being corrected to the price of $ 23k after a few days ago bitcoin managed to reach the $ 25k area and it seems that right now there is not enough strength to break $ 25k so there is still a possibility that the bitcoin price will fall back to the $ 20k level, seeing the difficulty that bitcoin is experiencing to break $25k then I would not say that the bear market is over because there is still a possibility if this correction will last a long time until the bitcoin halving event occurs and after that happens then only then will we see a real bull market .In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
Bitcoin now follows the right market psychology, and I believe that the sentiments of the market are not as strong enough to breach above $25K which might be an issue if it continues as the market will interpret it as the unwillingness of buyers to purchase further, and the sellers would take the advantage.
I think $25,000 as other have said, is the resistance, if we can get over that price then yeah, $30.000 is possible. But there seems to be some selling pressure in the market. So maybe we have gotten to the point wherein we are somewhat exhausted and there is a feeling that if the price will go to $25,000 or higher there should be some positive news that we need to see first. So for March, if there is some news, then yes, the price will shoot up. But in absence of it, maybe we will just trade sideways for the whole month, IMHO.
I am not sure if this is a bull trap although my doubts are great, but I am convinced that we are not out of the bear market yet, it is still very early to confirm the bears was left behind. It is normal for bitcoin to recover from a long string of declines, just as there will be a few sunny days in winter.
In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
The fact is that currently the bitcoin price is being corrected to the price of $ 23k after a few days ago bitcoin managed to reach the $ 25k area and it seems that right now there is not enough strength to break $ 25k so there is still a possibility that the bitcoin price will fall back to the $ 20k level, seeing the difficulty that bitcoin is experiencing to break $25k then I would not say that the bear market is over because there is still a possibility if this correction will last a long time until the bitcoin halving event occurs and after that happens then only then will we see a real bull market .In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
Bitcoin now follows the right market psychology, and I believe that the sentiments of the market are not as strong enough to breach above $25K which might be an issue if it continues as the market will interpret it as the unwillingness of buyers to purchase further, and the sellers would take the advantage.
25k is a strong resistance that bitcoin has not been able to break for the first time. If this repeats a few more times and bitcoin don't gets above 25k, we will probably see another drop, maybe even to the old bottom. By the way, the situation of stock markets around the world does not give hope that we will see good growth.
Bitcoin has passed $25K during February, but a correction is inevitable. At the moment we are only away $2K from $25K, certainly not that far but hard to stay above $25K when a lot of traders and the market tends to sell a lot instead of holding it. Several attempts to hit $25K also failed in the last few days, but that doesn't really indicate a deeper correction like you said.For the time being, I don't think the price will correct further just because bitcoin failed to hold above $25K, but a small correction is always possible due to the influence of high selling among traders in the market.
I'm looking for the first 2 weeks of March to have a recovery, it's either $25k or we are going to fall back to $20k.
Either case still very good movement though, if we hit $25k then we might to go $30k. But it is goes down to at least $20k, time to buy again and keep accumulating BTC, so still a win win situation for us. And by any case, we shouldn't think that we are in a bull season, bears are still in the market and will do anything to pull the price. Not manipulation per se, but they wanted to buy when the price is low on pushing the market to make a huge correction. So still up to us on how we are going to play.
25k is a strong resistance that bitcoin has not been able to break for the first time. If this repeats a few more times and bitcoin don't gets above 25k, we will probably see another drop, maybe even to the old bottom. By the way, the situation of stock markets around the world does not give hope that we will see good growth.
Bitcoin has passed $25K during February, but a correction is inevitable. At the moment we are only away $2K from $25K, certainly not that far but hard to stay above $25K when a lot of traders and the market tends to sell a lot instead of holding it. Several attempts to hit $25K also failed in the last few days, but that doesn't really indicate a deeper correction like you said.For the time being, I don't think the price will correct further just because bitcoin failed to hold above $25K, but a small correction is always possible due to the influence of high selling among traders in the market.
25k is a strong resistance that bitcoin has not been able to break for the first time. If this repeats a few more times and bitcoin don't gets above 25k, we will probably see another drop, maybe even to the old bottom. By the way, the situation of stock markets around the world does not give hope that we will see good growth.
Bitcoin has passed $25K during February, but a correction is inevitable. At the moment we are only away $2K from $25K, certainly not that far but hard to stay above $25K when a lot of traders and the market tends to sell a lot instead of holding it. Several attempts to hit $25K also failed in the last few days, but that doesn't really indicate a deeper correction like you said.For the time being, I don't think the price will correct further just because bitcoin failed to hold above $25K, but a small correction is always possible due to the influence of high selling among traders in the market.
I am not sure if this is a bull trap although my doubts are great, but I am convinced that we are not out of the bear market yet, it is still very early to confirm the bears was left behind. It is normal for bitcoin to recover from a long string of declines, just as there will be a few sunny days in winter.
In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
The fact is that currently the bitcoin price is being corrected to the price of $ 23k after a few days ago bitcoin managed to reach the $ 25k area and it seems that right now there is not enough strength to break $ 25k so there is still a possibility that the bitcoin price will fall back to the $ 20k level, seeing the difficulty that bitcoin is experiencing to break $25k then I would not say that the bear market is over because there is still a possibility if this correction will last a long time until the bitcoin halving event occurs and after that happens then only then will we see a real bull market .In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
I am not sure if this is a bull trap although my doubts are great, but I am convinced that we are not out of the bear market yet, it is still very early to confirm the bears was left behind. It is normal for bitcoin to recover from a long string of declines, just as there will be a few sunny days in winter.
In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
The fact is that currently the bitcoin price is being corrected to the price of $ 23k after a few days ago bitcoin managed to reach the $ 25k area and it seems that right now there is not enough strength to break $ 25k so there is still a possibility that the bitcoin price will fall back to the $ 20k level, seeing the difficulty that bitcoin is experiencing to break $25k then I would not say that the bear market is over because there is still a possibility if this correction will last a long time until the bitcoin halving event occurs and after that happens then only then will we see a real bull market . In order to see what the next trend of bitcoin is going to be, we need to take more time to observe and confirm whether the winter has indeed ended or if this is just a price trap.
The top action does appear to be confirming as a short term top. The greater the touches of a trend line the more likely its correct and to be respected in resolution is a fair rule and its probably done as much now.
I do think this is a lesser time frame movement so not as important and wider moves over a greater time but of course nobody likes to see the move up fail. It did look like 30k might have been possible but for this month 25k is probably it and we need to check support and levels below in a rough range fencing in BTC price as it turns arounds its previous negative trend over months.
I do think this is a lesser time frame movement so not as important and wider moves over a greater time but of course nobody likes to see the move up fail. It did look like 30k might have been possible but for this month 25k is probably it and we need to check support and levels below in a rough range fencing in BTC price as it turns arounds its previous negative trend over months.
Unfortunately there is a big retest in the last 24 hours, bitcoin is down 2-3%. And this still validates that we are still the bear market. And that this increased in price is just what it is, no push or momentum to $25k
I think though as we are getting closer to the halving, the market might improved a bit this year.
But the best is yet to come when we can really say bye bye bear market and that is after the block halving.
Momentum to $25K took a very short time to get there and now it's a correction at the bottom of $24K and this is actually the same as in January trying to break above the level and now it's the same maybe a few weeks it will be like but most likely we will see above $25K as a support point.I think though as we are getting closer to the halving, the market might improved a bit this year.
But the best is yet to come when we can really say bye bye bear market and that is after the block halving.
The difference between the year before and now is still not the time to say because this is only in the early phase of the year and the first quarter is not over yet but if you look at it it is indeed better than before and we also cannot conclude goodbye to the bear market because the current situation is really unpredictable but at least for the lead up to the halving many investors are confident to hold their bitcoins.
Currently the price is around $24500, and I think we are still in a bear market, if we compare it to the ATH that has happened the price is $24500 around 38%, but the achievements in 2023 make us have to be optimistic that 2023 can be better than 2022, it is natural that many those who dare to speculate that this year can create new ATH again so we have to invest and hold until the price passes ATH in 2021.
If you speculate like that, in my opinion it is a little exaggerated because the current price of Bitcoin is still very far from the ATH that was created on Bitcoin in 2021. And personally I am also still very optimistic about Bitcoin which will be better this year than the previous year, but I don't think that a new ATH will be created easily this year considering the current state of the Bitcoin price. So hoping for something more realistic this year is much better than expecting things that are too big but may not necessarily arrive this year.
Currently the price is around $24500, and I think we are still in a bear market, if we compare it to the ATH that has happened the price is $24500 around 38%, but the achievements in 2023 make us have to be optimistic that 2023 can be better than 2022, it is natural that many those who dare to speculate that this year can create new ATH again so we have to invest and hold until the price passes ATH in 2021.
If you speculate like that, in my opinion it is a little exaggerated because the current price of Bitcoin is still very far from the ATH that was created on Bitcoin in 2021. And personally I am also still very optimistic about Bitcoin which will be better this year than the previous year, but I don't think that a new ATH will be created easily this year considering the current state of the Bitcoin price. So hoping for something more realistic this year is much better than expecting things that are too big but may not necessarily arrive this year. Currently the price is around $24500, and I think we are still in a bear market, if we compare it to the ATH that has happened the price is $24500 around 38%, but the achievements in 2023 make us have to be optimistic that 2023 can be better than 2022, it is natural that many those who dare to speculate that this year can create new ATH again so we have to invest and hold until the price passes ATH in 2021.
Unfortunately there is a big retest in the last 24 hours, bitcoin is down 2-3%. And this still validates that we are still the bear market. And that this increased in price is just what it is, no push or momentum to $25k
I think though as we are getting closer to the halving, the market might improved a bit this year.
But the best is yet to come when we can really say bye bye bear market and that is after the block halving.
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