Crypto Market Cap: Will it Bounce Back or Become More Bearish?

SquallLeonhart

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Quote from: XCANA on April 27, 2021, 08:37:38 AM

Sincerely, nobody can tell what's going to happen to the market from here becasue of the market movement, things are strange these days and even the so called experts aren't sure of what's going to happen next in bitcoin market. What i could see with the daily bitcoin cart is that: we are going to see more dips and after that nobody should expect a pump above $70k before the end of the year 2021.

I do not think the current market condition is that complex to predict? Yeah, market is into clear-cut bullish trend but the bitcoin dominance is slightly down due to successful bull run of lots of altcoins lately. This is an expected scenario as new investors are usually preferring to diversify rather than just investing only with bitcoins. So, bitcoin dominance is sliding down over the time.

But when we consider about the total marketcap of all cryptocurrencies, it will be into continuous bullish mode as bitcoin and most altcoins are getting bigger these days. I will be surprised if we test 10 trillion dollars mark before end of this current bull run.

XCANA

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Sincerely, nobody can tell what's going to happen to the market from here becasue of the market movement, things are strange these days and even the so called experts aren't sure of what's going to happen next in bitcoin market. What i could see with the daily bitcoin cart is that: we are going to see more dips and after that nobody should expect a pump above $70k before the end of the year 2021.

lionheart78

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Quote from: Ramaraj on April 26, 2021, 12:29:25 AM

I have read an article on Coinquora, The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.

While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support. Crypto Market Cap: Will it Bounce Back or Become More Bearish?

The bear season is yet to happen since the bull run hasn't reached its peak yet. The current drop of Crypto market is just some correction due to the fast surge of the market. It needs some room to breathe so it is normal for a correction. If you look at the market today, cryptocurrency market looks like preparing to surge again since you can see that there is some trading volume surge in different cryptocurrencies.

Argoo

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In my opinion, now we can no longer talk about a bear market, but about a new price surge and new price records. Today, the price of bitcoin has already risen above $ 55,000, and ethereum has practically recovered to its previous high price before the fall and is $ 2,572.
There is information that ethereum's scalability is expected to increase 25 times in October. In recent days, the price of this coin has allegedly increased due to its massive purchase by whales.
I think the bull market will continue in the near future. There is no time for the bear season yet.

sapnu

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It is actually hard to predict what will happen next for the crypto market. As many have mentioned, a lot of crypto has reached new ATH for too many times already and as it occurs, corrections takes place which gives false alarm for those who panic easily. So far, the market managed to stay bearish regardless of the consecutive new ATH but still, it would be best to have proper risk management in order for you to avoid unnecessary circumstances. If you would be careless with your investment regardless of what coin it is, you might end up in regret as unfortunate and unexpected events happens all of a sudden so stay on guard and always be prepared.

cheezcarls

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I could consider the market as trading sideways even if Ethereum has reached a new all-time high. There come a time that the market would become temporarily bearish again until we could see another big bull run. This is how crypto goes right now, and it’s totally unpredictable. You may not know when it will actually go down or up (depends on how knowledgeable you are in technical analysis or so), or you may not even see it coming. Risk management is necessary.

beerlover

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Quote from: Ramaraj on April 26, 2021, 12:29:25 AM

The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.

While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support.

Right now bitcoin market is trading near $55k levels which may be followed by most other altcoins and there are possibilities for getting back to $2.2 trillion marketcap for the entire crypto markets as soon as possible. When bitcoin was not doing well it is obvious that we will be sliding down in total marketcap of all crypto markets. Fortunately bitcoin got back to its usual track hence we are going to get $2.5 trillion marketcap very soon.

Definitely crypto marketcap will get back to its higher state but how long it will be taking time is the biggest constraint here because either bitcoin or all other altcoins need to perform well so that we will get higher marketcap; as per my experience either one will be performing well for sure hence there will be significant continuous growth in total marketcap of cryptos always.

sulis sudibyo

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Currently the market has started to improve again. bear market is still early at the moment and it is very unlikely that it will start any time soon. bitcoin is back at $ 50k and ethereum is still holding out. So it is very certain that the trend is just bouncing, and will come back up in the future.

perfect999

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Quote from: Ramaraj on April 26, 2021, 12:29:25 AM

I have read an article on Coinquora, The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.

While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support. Crypto Market Cap: Will it Bounce Back or Become More Bearish?

A high market capitalization doesn’t necessarily mean that bitcoin will be increasing.

Don’t forget that there are so many other cryptocurrencies out there, so it might just be funds going into those altcoins that are blowing the market capitalization. If you follow the market closely you will see there are other coins that are going up at this time.

And of course bitcoin can go into bear market anytime from now, but there will still be other coins that are going to be bullish. It’s not like they are all going to start going down when bitcoin is going down.

ice098

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Quote from: Masyudhi on April 26, 2021, 09:21:51 AM

the current market situation is very volatile. BTC movements are also very dynamic. You can see how the correction happens quite quickly and it makes a lot of people panic. but afterward, we can see how BTC also readjusts how the market responds.
if too many situations like this happen I'm afraid everyone will be knocked over when the big dump happens. many people think the market situation will recover in a short time as it has happened before.

Bitcoin market show us again the volatility and tricky of the market and I know every bitcoin hodlers are preparing themselves and also preparing their crypto coin to possible selling of their coins when the crushing of bitcoin price continues. But then at the same time bitcoin also shows us the true market playing of bitcoin and suddenly comes back to the $54000 from the last $49000. It made me believe that the dominance of bitcoin in crypto market was not yet over.

gurunanakji777

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The market is playing up and down for the last 7 days. Today's market seems good and rises and touches $2 trillion market cap and still close to $2 trillion. At present Btc is around $53,570 and breaks the support level of $51,000 area. Still, I feel the market will be like this for more days and I am expecting more consolidation this month before the next big move.

Masyudhi

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the current market situation is very volatile. BTC movements are also very dynamic. You can see how the correction happens quite quickly and it makes a lot of people panic. but afterward, we can see how BTC also readjusts how the market responds.
if too many situations like this happen I'm afraid everyone will be knocked over when the big dump happens. many people think the market situation will recover in a short time as it has happened before.

ipanks

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Bitcoin now bounces up and back to $53k after the price below $50k for some days. It is good news for us because bitcoin gets the power to lift the price and back to above $50k. But it still a mystery to predict what is happening to bitcoin next because, as you know, bitcoin can moves to any price without us know. But if bitcoin is back to have another downtrend in the next few days, we can prepare from now. And if the price is getting another uptrend, that means we can make more profit from bitcoin.

Sterbens

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So far the market volatility is in a bearish stage, but lately there is still a potential for upside, but it will not be as significant as last month. almost looks balance between lower and upper resistance aligned. being vigilant is necessary because we already know that since the Bitcoin correction everything has been carried away by the red current.

Viscore

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Quote from: Ramaraj on April 26, 2021, 12:29:25 AM

I have read an article on Coinquora, The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.

While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support. Crypto Market Cap: Will it Bounce Back or Become More Bearish?

Never says it was a bear season, It was just a market correction. In fact, we've seen the price of Bitcoin is moving back high again, we're back at $50k.
This is the longest streak of the bullish season that I know. And we don't know until when this momentum stopped but I was not in hurry, so I better enjoy the moment where both Bitcoin and altcoins are in the Bullish coz after this, we will have to face the biggest challenge ever in the market.

X-ray

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Quote from: kidbounty on April 26, 2021, 02:35:12 AM

This is just a correction and will soon bounce off. the bitcoin trend is still strong right now, so I don't think that a bear market will start. When viewed from the beginning of this month, the situation now looks like it is overbought, so it's normal to go down a bit at the moment.

The correction was happening as a reaction to the bad news that was coming from the turkey. The bear market can start anytime but people will also take the correction as a signal toward the bear market.
So many small - medium whales have been dumping their bitcoin since a few days ago and the market is not yet over bought at this moment.
There must be another jump other than this one.

slaman29

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Weird data sources for OP's source. I never saw 66k high and I definitely saw a low of 49k+ so 50k was 100% broken on any exchange and price leaderboard source I can keep.

The bounce already sort of happened, but very weak and we keep seeing 50k being broken again BUT the support still counts as price hasn't gone to 48k.

bittick

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It's definitely gonna bounce back, you know the obvious sign when most of people still bullish and willing to buy the dip even after the price has dumped because honestly that's the only way someone could get discounted btc at this time around and there's no reason for dumping because crypto demand in market still strong with all the new investors and institutional investors coming up trying to diversify their portfolio to crypto.
Some people said bearish is coming just because a flash dip after reaching ATH and that's just ridiculous since I assume they expect the crypto market in general to always sticks their ATH everytime meanwhile that's not how the market really works. basically, the current dump is completely normal phenomenon so there's no need to overthink and make a baseless assumption that market has come to bearish.

Teraboy

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A lot of big names already speculated that we are still on the early journey of biggest bitcoin pump. Some people might even say that if bitcoin could be reached more than 120k for each bitcoin in the future.
The chart looks so strong at this moment.
Bitcoin can build another strong support again at 50k level. it looks like this is another bump since the dump that happened since last week.
All of crypto will be bouncing back again soon. I do believe it will be more.

blockman

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That's not actually a bearish thing for crypto if it just corrected for a week or two. We're even far from being bearish because bitcoin and the market altogether have to correct. What I'm waiting for is that it should be able to get back to $57,000 for it to retrieve back to $60,000 very soon.
But if it will take time, just as it stayed on $47,000 and $49,000. We should expect that it will take time before it goes back to $60,000.

Topic: Crypto Market Cap: Will it Bounce Back or Become More Bearish? (Read 181 times)