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Topic: Is bitcoin bear market over? - page 6. (Read 1608 times)

legendary
Activity: 1974
Merit: 1150
August 20, 2022, 03:51:29 PM
#69
Again, whenever I see a bitcoin price correction then threads like this always surface on the surface. Of course, the price of bitcoin is always difficult to predict which can be different from most analyzes carried out by experts or other traders. The trend can be expected to change as the demand for bitcoin increases, but I hope the correction this time will not last long as the trend will change before the end of the month.

Somehow I believe this year's bear market will be inevitable because the market is always influenced by FUD and the unfavorable state of the world economy. The market is heavily impacted by the various financial problems out there, so while that continues it's hard to expect this market to grow any bigger than 2021.
legendary
Activity: 1512
Merit: 1341
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August 20, 2022, 11:01:13 AM
#68
I still think it's not over.It has to try for about 13,000 dollars. Investing now is risky. You can only buy and sell daily. Of course, this is my opinion. I'm obviously expecting a drop to 13 thousand dollars. If it happens as I expect, I will make my purchases.
hero member
Activity: 2688
Merit: 588
August 20, 2022, 09:41:30 AM
#67
so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
If they sold on the bottom they will lose, I think a crazy guy is only going to do that. The next one is they sold because they are scared that the price will fall to 10k? Or they sold so that they will have more money by the time the price falls to 10k? But selling due to fear is bad. What is good is when they sell to earn a profit and then they will use that profit for buying but they should wait before the price dips before they buy. I don't like it when someone sells at a loss only to buy at a much lower price.

Why can't they just hodl and wait for their asset to recover? I think that will still be the same, but what is only better is that they didn't had a permanent loss. Now it's the price is near 24k and you just realized that it's now a good moment to buy? But what about last time when the price was still lower than that? Aren't they a better moment?
hero member
Activity: 2520
Merit: 783
August 20, 2022, 07:18:01 AM
#66
As we can see on the current price movement, we go down to $21k already and this might continue up to the end of this week and maybe seeing $20k'ish at some point in time before the end of this month.

So we got the answers again, the bear market is not over and now I'm thinking that it's possible that the last lower lows of $17500 could be breach and we may be still looking at $15k. Hopefully the selling-off will cool down though and we could be just above $20k and not going down further.
The bear market is not yet over and not as very serious like some weeks back when it drop to the price of $17. I don't really really how much the price may drop to know but I know we are still in the bear market,  what is needful to do is to pay attention to the market and keep hodling till will go into the bull market.

Maybe yes and maybe not its really early to tell because we don't see the worst yet and there still many things to happen that may cost huge dump if there's big news to happen. And we need to prepare on any possibilities so that we will not miss any opportunity that can give us profit either the market dump or it will pump at that time.
hero member
Activity: 1050
Merit: 592
God is great
August 20, 2022, 06:42:49 AM
#65
As we can see on the current price movement, we go down to $21k already and this might continue up to the end of this week and maybe seeing $20k'ish at some point in time before the end of this month.

So we got the answers again, the bear market is not over and now I'm thinking that it's possible that the last lower lows of $17500 could be breach and we may be still looking at $15k. Hopefully the selling-off will cool down though and we could be just above $20k and not going down further.
The bear market is not yet over and not as very serious like some weeks back when it drop to the price of $17. I don't really really how much the price may drop to know but I know we are still in the bear market,  what is needful to do is to pay attention to the market and keep hodling till will go into the bull market.
hero member
Activity: 2660
Merit: 551
August 20, 2022, 05:08:17 AM
#64
As we can see on the current price movement, we go down to $21k already and this might continue up to the end of this week and maybe seeing $20k'ish at some point in time before the end of this month.

So we got the answers again, the bear market is not over and now I'm thinking that it's possible that the last lower lows of $17500 could be breach and we may be still looking at $15k. Hopefully the selling-off will cool down though and we could be just above $20k and not going down further.
full member
Activity: 910
Merit: 100
August 20, 2022, 04:16:22 AM
#63
I think the bear market is over since Bitcoin price dropped at $17k,
because many traders and big investors want Bitcoin price at $15k and I'm sure it won't happen in this short term,
just as traders want bitcoin price to $100k, and see what happened? yes all depression because it does not realize.
legendary
Activity: 2884
Merit: 1115
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August 20, 2022, 12:12:23 AM
#62
The bear is clearly still around and it's not leaving anytime soon. Make no mistake, we are witnessing a slight market rally during the bear season, rather than a sign of the upcoming bull market.

If you haven't bought bitcoin when it was at 24k then today is a better chance for you as bitcoin price has dropped and is trading at $21k. Although I can't tell you if the price will continue to fall, but I do know that this is a good price to buy.
Don't hesitate or procrastinate, you will miss out a lot if bitcoin doesn't drop further and will go back to $23k again.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 19, 2022, 11:04:07 PM
#61
I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.
And just like that all of the people that thought that the bear market was over are being proven wrong, now I don't really blame them because if it was up to me I would like for the bear market to be over as soon as possible, so we could go back to bitcoin growing up every single day.

But I do not really control how things evolve in the market and the only thing I can do is to adapt to it, so I hope that people understand that most likely the bear market is going to last for a long time and we have no other option but to hold our coins until this changes.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
August 19, 2022, 10:38:28 PM
#60
I think the bitcoin bear market is not over yet because the negative sentiment still continues to surround bitcoin, this makes the crypto market still weak. In the current market situation, it is difficult to say when the bear market will end soon or if it will continue until the end of the year. Better let's see how far the market will move forward.
Remember that negativity is part of the market mate , there is no place in crypto that this will end so if this is your basis of dumping market then you are completely wrong , FUD will continue bumping specially when market is experiencing Bull , so best to check your ideas on how market moves and not just because of negative write ups.
I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.
I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.
we will only prove that bear is still here once bitcoin price drops down to 10k more but I doubt this will come any time now.
hero member
Activity: 2310
Merit: 532
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August 19, 2022, 06:54:01 PM
#59
I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.
Yes, what we experienced is the relief rally. Right now the market have taken the movement between two points. If I'm not wrong this trend continues for a longer time period. For now it is the time for the traders to make money out of the regular price fluctuation. The trend change will have a indication of price movement that gets driven by a large margin.
legendary
Activity: 3010
Merit: 1280
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August 19, 2022, 06:08:33 PM
#58
I don't think the Bitcoin bear market is over, the current rally isn't a sign of a bullish market but rather a relief rally wherein the market recorded a temporary uptrend.  I do agree with one of the earlier replies that it would be considered a Bitcoin market when the price of BTC surge almost continuously.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
August 19, 2022, 05:32:30 PM
#57
One very good macro-indicator to keep in mind is the weekly 200 MA, which the bitcoin returned to after it overcame this resistance. As long as the price stays below that indicator, the bearish market is over. Judging by the bitcoin's easy drop below the 200 MA, I think the bulls have come yet.

You got it wrong. Price below 200MA means bear market is over? The price almost never in the history of bitcoin goes below 200MA and if it does those are times of extreme fear and the best opportunities to buy bitcoin. You're turning it all up side down.

It's also not easy for it to drop below 200 WMA. It happened because of combined efforts of numerous entities including Tesla that sold below 30k and that was supposed to have diamond hands or whatever. These people are trying to make the bear season look worse than it is.
sr. member
Activity: 2828
Merit: 344
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August 19, 2022, 04:47:43 PM
#56
One very good macro-indicator to keep in mind is the weekly 200 MA, which the bitcoin returned to after it overcame this resistance. As long as the price stays below that indicator, the bearish market is over. Judging by the bitcoin's easy drop below the 200 MA, I think the bulls have come yet.
Bulls will come soon if the current momentum will never change even though the movement is quite low. I may not say it will come fast and it will take over the bear season this year. However, it was good to see at least we have some indications that the market is moving upwards and it behaving differently compared to the last bear season where it takes almost 3 years before the bull season comes.
sr. member
Activity: 812
Merit: 254
Leading Crypto Sports Betting & Casino Platform
August 19, 2022, 02:07:02 PM
#55
so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.
The bear market is still continuing until now and even when the bitcoin price rose to $25K a few days ago, but bitcoin has not really been able to show signs of the market turning into a bullrun, the failure of bitcoin to break the price resistance barrier at $25K triggered the bitcoin price again experienced a decline to reach the price of $ 21K as it is today, if negative sentiment continues to hit bitcoin, of course bitcoin could reach minor price support at $ 20K again.
full member
Activity: 790
Merit: 112
August 19, 2022, 01:51:06 PM
#54
I think the bitcoin bear market is not over yet because the negative sentiment still continues to surround bitcoin, this makes the crypto market still weak. In the current market situation, it is difficult to say when the bear market will end soon or if it will continue until the end of the year. Better let's see how far the market will move forward.
member
Activity: 504
Merit: 10
August 19, 2022, 11:44:18 AM
#53
so many people that sold the bottom in the comments, so many that sold and thought btc will hit 10k. wonder what they going to do when btc hits new all-time highs, without reaching 10k.
now it is near 24,000, so it is the time to buy.
yes! it's time to buy, bitcoin price has fallen deep to $21k again,
of course this is a good opportunity for those who haven't bought it, there is news that this month is still bullish,
maybe we will see $30k first before the bears start again, so calm down and don't panic
hero member
Activity: 1932
Merit: 535
Leading Crypto Sports Betting & Casino Platform
August 19, 2022, 10:01:55 AM
#52
Today, after a few days of slight bullishness, bitcoin is back below $23k and is headed towards $21k again. It is true that the market is unpredictable, even though there hasn't been any negative news spread today, the bitcoin price is still falling pretty fast.
There is no doubt that the discount season is not over yet, in fact, it may even be extending and even creating even stronger discounts.
hero member
Activity: 2660
Merit: 651
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August 19, 2022, 08:35:32 AM
#51
Cryptocurrency prediction is just a gamble because no one can get 100% results. but the Bitcoin price reaching $24K doesn't mean the bear market is over and if you look into the historical data price of the Bitcoin market during the bear season you'll see that when we're in a bear market doesn't mean the price of BTC won't experience some pump in price.
The bear market is not over and the real bottom price is yet to be achieved but it is hard to know the exact price.
full member
Activity: 1736
Merit: 116
August 19, 2022, 07:15:28 AM
#50
With what is happening in the market now, a bear market may still be in the market as the price is back down to $22k and the red candle is still holding. All of this makes bitcoin still unpredictable where it will go and although a lot of people out there say after this, market conditions will get better, that's still hope. We can continue to hope that the market will get better even though we don't know when that will happen and with the current situation, we are still lucky to be allowed to buy bitcoin at a low price. Who knows, in the next month, the rally for bitcoin will come again so that we are ready to sell the bitcoins we have at a higher price.

The failure of the Bitcoin price to rise above $25k, it indicates that the bear market will continue and it seems it's not over yet. According to my prediction,
the bear market will likely continue until the end of this year. Whereas previously the market looked very positive when Bitcoin touched the price of $24k,
but unexpectedly now the price of Bitcoin is back down to $21k. As you said the price of Bitcoin is difficult to predict, but as long as we think positively
about Bitcoin, we don't need to panic the Bitcoin price goes down again. Because no matter how deep the price of Bitcoin falls, someday it will
definitely recover. So if we really believe that the Bitcoin price will recover, even though we don't know when it will happen, what we do is just holding
the Bitcoin we have today. If we have money, we can buy Bitcoin whenever the price goes down. Because accumulating Bitcoin will allow us to generate
large profits when the price of Bitcoin suddenly rises.
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