Topic: Bye Bye Bear Market :) - page 9. (Read 1677 times)

Hopefully. Indeed the market price crossed the lines which causes confusion to hether we are already done with the dumps or still at risk for a market downfall. Well, on my end, I do still see tendencies that the market price will still fall. Why? That is just how this market works; volatility. We do not even know what is the exact reason of the pump recently and that is enough for me to believe that anything could still pull its price down again. Much better than to create unrealistic ideas about this industry again. Also, it is still early and the year has just began. But even so, I am glad there is a recovery after months of red market marks since last year.

Beware your faith in the bull market will be tested three times before the sunrise     This move right now I could easily predict as being seen as a false dawn as little as a month from now.   I think its start of something but dont jump from one side of the boat to another, its easy to lose balance that way and give up just we finally make proper progress.  Usually BTC shakes itself back and forth many times trying to get people to let go before it really moves, just got to remember its a totally volatile asset that isnt going to do just what we want.
   I reckon alot of sellers occur in the 20k prices and it might be enough that we see the teens again not sure yet.

Having the confidence to say that we are no longer in the bear market is all we need, we do not even need to be out of it really, we could be still in it, but if the market gave us enough confidence to say we are not, that is more than enough. It allows us to do as much as we possibly can with the price we have, and even though there will be some sellers, this confidence will bring in more buyers eventually.

What we need now is to keep this high confidence going, if we lose it tomorrow then it means nothing, but if we keep it going for another month then it could be start of a bull run that could take us much higher to 30k+ even 40k+ eventually, as long as it stays like this, it will go up.

I myself am an Asian, judging from the adoption, the increase is quite significant, but it is true that the money entering the stock is still relatively small compared to the West, India is indeed quite serious about limiting cryptocurrencies with taxes so that crypto investors have shrunk a little.

That's how China has recently been with its founding, the previous prohibition of mining and crypto transactions made miners depressed, indeed China is very thick with its communist pattern which wants to control all of its people's activities.
I think not only NFT they are still focused on developing their CBDC which also uses blockchain technology.
I hope that with time the Chinese government can lift the ban.


Btw today Bitcoin is back to $23k after yesterday's correction, can the 200WMA level be touched by bitcoin at the end of this month?

I don't underestimate the Asian markets, but I think that the purchasing power is still much stronger in the west, although it is obvious that people in countries with a lower standard are far more interested in Bitcoin. According to some research, Vietnam, the Philippines and India are in the top 5 countries according to the global adoption index, but at the same time, from time to time we get bad news from India about how they want to ban cryptocurrencies or increase already high taxes.


I would say that it is quite unrealistic to expect that China will change its attitude towards Bitcoin, but it does not surprise me that this attitude can change when it comes to some other forms of crypto assets. Absolute control has always been China's first priority, and they certainly cannot achieve that when it comes to Bitcoin. In addition, a complete change of policy towards the entire sector would mean that they admit that they were wrong, and the communists avoid that at all costs.

I agree, there is a line between being in bull market and not being in bear market and we are there currently. I would say bear market is "over" as in it is not in the bear market right now, but we are not totally out of it neither, one drop and we will be back in there again. So, we should be considering the current situation as both good but also dangerous.

It's good because we are up now, but it's dangerous because we could drop at any moment as well, so we should be a lot more careful. I believe that things have not calmed down just yet, and with what we have right now, it will definitely be something that will take some time to return to normal prices again, I mean higher prices.

When the bitcoin price reaches $30k again and people start to panic about buying bitcoin, they can get their chance, especially if, after reaching that $30k, the price gets another correction which makes them lucky to buy at a price lower than $30k. But at least we can hope that this year there will be an increase for bitcoin and there is a possibility that the price can return to $ 30k this year or early next year. And if this year, the price can get back to $30 before the end of the year, bitcoin could go even higher next year. I agree to collect more bitcoins while we still have that chance.

I'm very confident that they will, and that QE/BRRR-Money-Printing will return, BUT everything must be going through a deflationary cycle and a recession first. Wait for June, and check how high the inflation rate is in the United States. It might fall faster than projected. Plus why the United States? Because they are still the economic leader of the world, and every economy will follow that lead. Not China, not Saudi Arabia, but only the United States.

I'm one of those who think we're not done with the bear market yet, unless it crosses back again at above $30k. When Btc reaches that level, people would start a panic buying, thus causing another pump.
However, it's still not the case currently. Not much to hope for a bull market in 2023. So, let's not get comfortable yet and accumulate more Btc's while it's still considered affordable.

The best argument for bye bye bear market is Asian countries with the highest adoption of bitcoin and the cryptospace are beginning to buy now which might help avoid bitcoin from dumping lower. It might also be good to start closely following the news from Asia on crypto regulations and developments to have some idea on what might the future appear like.

Something similar to this news, in China, they appear to have begun reversing their policies against digital assets starting with NFTs.



After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens.

The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.

Source https://thedefiant.io/china-launches-nft-platform

I won’t say that the bear market is over, but it’s better situation if we compare to the bear market. BTC is now building up a resistance at 23k usd. If Btc manages to break it and come till 30k usd, then we can say that bull market has started. Currently we are at very early stage. From here next 2-3 weeks will be very important and anything will happen in that. So yes, we have to think and see where will Bitcoin go in these coming weeks. In the mean time gather as many Bitcoins as you can in your wallet.

I too believe that the worst is over but I think we are still in for many ups and downs, as well as months of sideways movement in some cases. There is not a lot of money in circulation and that means there is not a lot of money to invest, plus we are some time away from halving.

If the central banks change their rate policy, more money will flow to bitcoin, and after the next halving we will surely enter a clear bull run, but until then I don't expect much joy.

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.


It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

How I wish this is completely true mate though  have been following you and sees most of your confidence about Bitcoin movement , if bear really ends here meaning I will be successful in all of my buying right before the pump happens? yes I bout at 17k and at 19k , knowing the price now is at 22-23k meaning i will continue to close my eyes and wait , even there is a small dump this what needs to stay strong and never panic.

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.

I am still positive that we will not yet start yet the bull market, maybe more sideways but no more dumps just like what we experienced last year. Last year is the best example of a bear market which we saw drastically drop from an all-time high and most of the altcoins are also dumping. Since Bitcoin block halving is next year, maybe the first quarter of this year is still not sure for me, I am still bearish.

not time to call off the bear. nor time to call in the bull..

what is actually happening since atleast second half of last year is saying "hello whales"

take just this last 5 days.
there are 2 pods of whales

one pod is futures trading with bets the price will be above $22k. and so they have spot market bots trading to keep prices above $22k

another pod is futures trading with bets the price will be below $23k. and so they have spot market bots trading to keep prices below $23k

both pods like to bait the sharks(smaller traders) by letting the price slip above limits for a short period(minutes-hour) to tickle and tease and bait the sharks to make opposing bets that the price will go above $23k or below $22k

this is so that the whales have a pool of opposing bets to win against (take their money)

we are not going to see much "free market" natural trading this year (my opinion, do you own research) where the price will move freely and more volatility within the natural wide window of $15k-$90k(read my post history for my numbers explainers, there enough of them)

instead we are going to see alot of 1 week-8 week straight horizontal lines (zoom out to 3-6 months and is clearer)
when then step up or step down once the futures contracts expire and the whales turn off their spot bots for a few hours or day to allow a little bit of freemaket movement before readjusting and setting new support/resistance narrow window frames again

I don't think, bearish market is off from the market yet, because the market price is still moving between $22,342 and $23,211 which is a sign that investors will soon experience massive pumping before the end of next two months in the market. I think, investors can still visit the market to buy as much they want and hold for the price to change for their favour before they can release them to smile in the market, because the bearish market is still on for long and short term investors to make use of the opportunity so that they will have something reasonable to achieve at the end of their investments.

I'm smiling at how things have suddenly changed. Just several days or a few weeks ago, I have observed that many are bearish. I have seen a number of polls and discussions showing that the sentiment remains generally bearish, probably because the halving is still happening in 2024. Nobody would probably have expected that the price would leap from $16,000 when the year started to $23,000 just around 3 weeks later. Bitcoin is indeed unpredictable and while we could say that the bearish days is probably over now, we could again be wrong.

$22k is that the bottom price we should have our bitcoin fall to? It's all good if am to have that kind of assumption with you but will that possible to come by cos a few months back we were having a bitcoin price at $22k above before the luna and the FXT exchange crashed.

In a year the bitcoin halving would kick off. Before then and now, we are going to encounter so numerous price movements (up and down) of bitcoin. Let's keep our tempo cool for now and trust the movement of bitcoin(whether it declines or increases)