Is bitcoin bear market over? - page 7.

Nrcewker

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Quote from: Selena-01 on August 15, 2022, 09:43:30 PM

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.

There is no perfect time to buy. If you greed more and keep on waiting then you might lose the golden chance.
So at the time of buying if you see BTC price is below 30k usd, then buy it asap, and buy as many coins as you can.
BTC will soon blow the market with the price rise, so if you want to get enough profits then without giving a second thought, buy as many coins as you can.
BTC will struggle in this price segment for more 3-4 weeks, so it’s really not good to conclude that the bear market is over. Nevertheless let’s hope for the best.

Wapfika

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Let me correct the title, Is the relief correction is over? Because this might be what’s happening right now due to the sharp drop coming from nowhere. There is no bad news that affecting the price which means it’s a valid rejection from the 25K resistance that cause panic from retail traders. This is really a bad sign because we are approaching weekends that usually provide more sell-off to continue the weekly trend.

I’m expecting this will stop around 20k and bounce back to 22kish area. Plunging below 20K will result to another low since this dump is an organic dump.

btc_angela

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Quote from: adaseb on August 18, 2022, 10:42:36 PM

People are asking whether the stock market bear market is over also. There are reports since it already rallied 50% from its lows and highs, then chances are the low was already set and we won’t go lower. Same situation with crypto more or less.

Does it mean the low was in? Depends on market data. If we see low CPi prints and fed will stop hiking then most likely the low was set.

Or let us point it this way, if stocks and bitcoin market has some correlation, and if stock has rallied already 50% from its lowest low, should we consider bitcoin market as also get past the bear market?

But it's very different still, I mean the 4 year cycle and then halving is very unique to bitcoin only. And then what you have mentioned as well, banks keeps on printing money causing inflation, while bitcoin is deflationary and has a hard cap of 21 million.

boltz

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Well well well ...once again I've predicted right when I said over and over and over that Bitcoin won't surpass the 24k range and it will go down again and it happened but it's not over as it seems there is no more support around the 20k area and that means Bitcoin could free fall under 20k in hours or in a fraction of a time. Bear market is still in full force and it will continue to be like this for the rest of the year with Bitcoin keep falling but that should not be a surprise as the summer is almost over and Bitcoin dropping in price is normal.

yudi09

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It only lasts for a while, then goes back down in price. Even MicroStrategy as the largest Bitcoin holder experienced a decline of up to 8.23%.
Bitcoin again lost its bullish moment. A situation like this cannot be given a definite answer whether it has ended or will continue this year. Almost all crypto markets are experiencing a downturn. Bitcoin was holding at $25k on August 15th and is now down at $21.5k.

Reatim

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Quote from: Selena-01 on August 15, 2022, 09:43:30 PM

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.

I voted for yes mate , market is bearing but we already reached the bottom at 17k , yeah there are speculation about 10k price but I am afraid that this would come at any chance in our time now.
we may see some low again as we are still in bitcoin 20k level, but it may low again below but will not come to 15k or not 10k.

onecall123

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Quote from: Iranus on August 19, 2022, 12:05:49 AM

Personally, I don't think the bear market is over and it will continue until 2023. Over the past few days, bitcoin has been moving positively towards the $25k resistance but unfortunately bitcoin has failed to break through and it is now trading below $23k once again. There's nothing to say that bear season is over.

Recently, the Fed released the official document of the July meeting and nothing changed. They will continue to raise interest rates in the near future. There is bad news for the whole financial market, as the USD will continue to appreciate, causing other assets to decline in value.

Due to a lack of clarity in the market, I have been patiently waiting. It is my expectation that there will be lots of resistance in this way, which will lead to fear and doubt. There's nothing to lose there. From this consolidation, we should be going up. Volatility will increase dramatically in the coming months. As a result, I am looking forward to September. It's common for people to expect things to always be the same, but there will always be surprises.

Iranus

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Personally, I don't think the bear market is over and it will continue until 2023. Over the past few days, bitcoin has been moving positively towards the $25k resistance but unfortunately bitcoin has failed to break through and it is now trading below $23k once again. There's nothing to say that bear season is over.

Recently, the Fed released the official document of the July meeting and nothing changed. They will continue to raise interest rates in the near future. There is bad news for the whole financial market, as the USD will continue to appreciate, causing other assets to decline in value.

ethereumhunter

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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.

adaseb

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People are asking whether the stock market bear market is over also. There are reports since it already rallied 50% from its lows and highs, then chances are the low was already set and we won’t go lower. Same situation with crypto more or less.

Does it mean the low was in? Depends on market data. If we see low CPi prints and fed will stop hiking then most likely the low was set.

Kemarit

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Quote from: Fundamentals Of on August 18, 2022, 10:10:52 PM

I cannot tell whether the bear market is over or not. I think we are in the middle of whether we turn bullish or or not. Having said this, I think we have not yet really gotten out of the bear season. There is slight recoveries seen but unless it sustains and $25,000 and even $30,000 is broken, any fall to $20,000 and below is still very open. But I don't think $10,000 is going to happen. Those who are waiting for the $10,000 bus risk of buying at a more expensive rate.

We are somewhat in the middle of it, neither bullish or bearish, short term we can see a change in price obviously, from lowest low of $17,500 and then reaching $25,000 last week, but this could be a indication that we are out of the bear market? No, not by a long shot. The price is just simply fluctuating around that range and a break out could happen any time that would go on either direction. So we should wait for it, because I also doubt that $10,000 or at least a new all time low is going to be hit this year.

Fundamentals Of

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I cannot tell whether the bear market is over or not. I think we are in the middle of whether we turn bullish or or not. Having said this, I think we have not yet really gotten out of the bear season. There is slight recoveries seen but unless it sustains and $25,000 and even $30,000 is broken, any fall to $20,000 and below is still very open. But I don't think $10,000 is going to happen. Those who are waiting for the $10,000 bus risk of buying at a more expensive rate.

GreatArkansas

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This is very difficult to answer because overall we don't have a general/official basis of how to say or identify if a market is on a bear market or bull market at all.
With the recent pump of Bitcoin touching $25,000 it could be just a bull trap, we'll never know. Some people are also telling or before they satisfy that bear market is over is when there is new all-time-high created.

kro55

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Quote from: Baofeng on August 17, 2022, 09:35:39 AM

Quote from: kro55 on August 17, 2022, 09:13:46 AM

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I guess it's not that difficult to predict if we look at bitcoin's past, I mean the 4 year cycle cycle, boom/bust, bubble burst and then the catalyst of them all, bitcoin block halving.

So we are in the obvious phase, although the market seems to be recovering above $20k, we can't say that we are out of the bearish claw since the catalyst that I mentioned is still years to come.

I say the market is still unpredictable because as we have seen this year is the first time the bitcoin price has dropped below the previous ATH. This has never happened in the past, the 4-year cycle you talk about. Also, the current global situation, which includes war and inflation, does not appear to be abating anytime soon. As a result of all of this, I am afraid another drop will occur in the future, however I am confident that it will be not less than $10,000.

justdimin

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Quote from: kro55 on August 17, 2022, 09:13:46 AM

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I agree that buying at current prices would be good. People who didn't at lower prices because they were afraid that it might fall, end up saying they want to wait for it to go back there because it went up. It went up because you waited too long to buy at low prices.

Anyone who wants to buy bitcoin should do it right away and not wait any longer, the longer you wait the higher it will be and that will result with you losing money, you wouldn't want that at all, I would personally suggest everyone to go all in at this moment, that is the type of period we are in. From here, we will go towards bull run, maybe it will take a year, but it will not be any lower even if it is not over ATH.

Baofeng

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Quote from: kro55 on August 17, 2022, 09:13:46 AM

It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

I guess it's not that difficult to predict if we look at bitcoin's past, I mean the 4 year cycle cycle, boom/bust, bubble burst and then the catalyst of them all, bitcoin block halving.

So we are in the obvious phase, although the market seems to be recovering above $20k, we can't say that we are out of the bearish claw since the catalyst that I mentioned is still years to come.

kro55

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It is very difficult to predict if the bear market is over or not, but I am still leaning towards the bear market that is not over yet. Bitcoin might not be able to reach the $10k lows as many expect, but there is still a possibility that bitcoin will drop below $20k again, IMO.

However, if you think you want to buy bitcoin, now might be a good time to do so without waiting to see if the price will drop further, since this is all guesswork and can be wrong.

Questat

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We can't live like being too optimistic all the time. It is sometimes we have to accept the truth that not all pumps will consider as leading to Bullrun, the same thing to dump like headed to bearish market. People are ready to face the bull season but the market isn't ready yet, I think we need a few more pumps and months to finally say the BEAR season was over. But for now, we still have the opportunity to accumulate more and make use of this situation to fill our bags and have enough load more than enough for the Bull season.

Inspiron14

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Quote from: Selena-01 on August 15, 2022, 09:43:30 PM

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.

remember today there will be a fomc meeting, and of course it will have an impact on the market,
just look at the price of bitcoin today is very volatile, it fell from $24100 to $23700 and made the altcoin price also go down,
if we say about the bear market, I think the bear market will continue

maydna

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Quote from: Selena-01 on August 15, 2022, 09:43:30 PM

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.

If they still have bitcoins in their wallets and are not selling them, they will sell them when the bitcoin price reaches new highs. But it would be a different story if they panicked to hear that the bitcoin price would reach $10k and sell the bitcoins as soon as possible. They can sell their bitcoins right now due to rumors that bitcoins will decline drastically but they better not panic so they don't sell most of their bitcoins at the current price. We don't know what the bitcoin price scenario will be like and can only hope that the bitcoin price won't touch $10k again and just stays at the current price.

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