Topic: How low will this bear trend go? - page 7. (Read 1582 times)
It was just a couple of days ago since we saw a very good bitcoin price as it rises up to 9,000$ mark but now, it went down to 8,000$ mark again. I think we are still in the bearish trend and i believe that once bitcoin will break the 10,000$ resistance, then it is already time for the bullish trend.
At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.
It is difficult to specify a definite date or time in these market conditions. We see a constant imbalance and some days the bull market is approaching, but in the following day we certainly understand that we are in bear market again with serious drops. I think it will be like a market for a certain period of time, after that (I can not guess at the exact time) we will enter the bull market and see nice days.
Seems that the lowest point was less than $5500, i have never thought that it was gonna drop so hard during the last quarter, but to be honest, that correction was more than needed.
I do not believe that this bear trend will last more. as for me, it is over: the cryptocurrency does not fall down greatly, and some of the altcoins have gained much.
In my opinion the time of the bear trend will not last for a long time as for today the market is on up and down trend , then we can say that the price value of cryptos is always on the move that is I can say that this bear trend willnot last for a very long time.
Any trend doesn't last for a long time dude. The market fluctuates. It goes down, it goes up. Bears and bulls won't hold thr market for long because they eventually give way to the other.
In my opinion the time of the bear trend will not last for a long time as for today the market is on up and down trend , then we can say that the price value of cryptos is always on the move that is I can say that this bear trend willnot last for a very long time.
I believe that in the past 2 months, we are excited and will return to BitCoin, where we make incredible daily sales. Now it's starting to swell. If they provide some support for volume, the rest will definitely come.
At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.
FUD is actually affecting the market price because there are a lot of people who are selling their coins immediately if they think that the price might go down forever so keep on working today to earn cryptocurrency because the price of bitcoins will grow even more in the future.
I think we are already in a bull trend but after months of bearish trends there is still some fear in the market, but it is changing. We might hit one more low before thinks spike and it might go down to 4-5k but not lower, that is the intrinsic value as it can be tight to the energy it costs a miner to produce a Bitcoin. If the price goes down to 4k then the miners have typically a lot less of transactions to confirm as the popularity and use of Bitcoins is typically very low then. Only when it really hits the floor then you see transaction spiking again but these are not real transactions but trades on exchanges when whales who are typically good to get in again at the bottom when all the fishes are out.
Since you can not fight the market, the only way is to follow where the market moves. "If you can not beat them, join them," said the Englishman. Follow the flow of the market as it swims in a swift river. Streamline expertise will take you across the river safely.
At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.
You can see that bitocin prices in recent months are recovering very strongly, bitcoin prices have continuously increased from $ 6000 and now reached the $ 10000 level. The recovery of bitcoin has made the market more vibrant again, the price of altcoin is also continuously increasing capital market has pushed up over 400 billion dollars. However, according to my analysis, this is only an uptrend in the short term, considering that in the long term, bitcoin prices are in the bearish cycle, so bitcoin prices can fall deeply at any time. Since you can not fight the market, the only way is to follow where the market moves. "If you can not beat them, join them," said the Englishman. Follow the flow of the market as it swims in a swift river. Streamline expertise will take you across the river safely.
At what price do yal think will be bottom before we turn back up? I'm thinking $4,900 not to spread any FUD, however, they say when it rains it poors, and we have still yet seen people's response to this upcoming Tuesday on the 6th when all American policymakers meet, SEC and everyone else and we see what kind of regulation is made. The price will go down until the millionaires and wall street tycoons are happy to buy what they're going to buy and then we'll see it soar up to $13-$20k post regulations.
There's no way to tell until when will this bear market last. It will all depend when will people start investing or when will whales buy the dip. Mostly the bull market starts on q2 or q3 each year. So, we better just wait because I am sure that crypto will grow more as time goes by.
Probably around 4,000-5,000 (?) hmm I'm not sure how low because the value of crypto coins is very unpredictable. I think it will be very much related to the market price game by the whales. If the whales do their massive game there is a chance the value will drop dramatically.
To be honest I read an article where they stated that if the Value of Bitcoins reaches below 4000$ it will be energetically expensive for for the people who are into minning and that would drastically make it's popularity go down.
The small miners would be affected by this not the big ones ..but if that happens we could see a heavy price down.
I hope it doesn't happen because we have already seen so much down since January.
The small miners would be affected by this not the big ones ..but if that happens we could see a heavy price down.
I hope it doesn't happen because we have already seen so much down since January.
Bear and bull trends will be changing each other always
BTC is subject to it
Because of huge amount of this coin is in one hands
BTC is subject to it
Because of huge amount of this coin is in one hands
Seems that the lowest point was less than $5500, i have never thought that it was gonna drop so hard during the last quarter, but to be honest, that correction was more than needed.
I think around the level we already reached
I think to confirm the end of the bear trend, we need to break the 12 k level. Thats where we hit 1-2 month ago and fall again to low 6ks.
For me, I never think of a possibility that it would go back at 6K level unless we hear another crisis or news about crypto. As we all know, we are currently leaving the bear market trend, and bitcoin had reached back its normal price at 8 to 9k level. Hoping this trend would go higher and leaving the bearmarket behind. Well, as long as we can see a greenish cryptomarkets with a positive change value of almost cryptocurrencies that will last for a couple of days or weeks, then we can say we're already leaving the bearish trend behind. And that's pretty obvious with the current trend now.
Well i think it's safe to say that he bears.are done for now. We're having corrections here and there though but it's likely that bulls will take over in the coming months unless something really bad comes up. We're in a transition period and pretty much, it's going to be a slow steady climb from now
Well, as long as we can see a greenish cryptomarkets with a positive change value of almost cryptocurrencies that will last for a couple of days or weeks, then we can say we're already leaving the bearish trend behind. And that's pretty obvious with the current trend now.
Jump to: