Is Bitcoin Bear Market over? - page 3.

Oasisman

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Quote from: dansus021 on December 21, 2023, 09:59:50 PM

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

There are no signs of bearish market currently, not even a sharp pull back is indicative. There might be a slight correction especially during the traders are shorting, but that won't be enough to drag down bitcoin to $30k level. $35k vaguely gonna happen.
I have seen a lot of people in social media being optimistic and bullish towards the halving. That would be enough reason to hold bitcoin at $40k and might play around $41k - $50k before the actual halving. Then the post halving will most probably going to be another huge run.

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Quote from: Hypnosis00 on December 22, 2023, 09:45:01 AM

Quote from: dansus021 on December 21, 2023, 09:59:50 PM

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

At the time that the price of Bitcoin reaches $40k, I'd say the bear season is over. And eve there is price correction may happen in the coming days, yet still not enough ground to say that we're turning back to a bearish market again but that is absolutely a normal scenario in a volatile market.

The entire year of 2023 isn't really looking good as we have a lot of market struggles but fortunately, the price of Bitcoin is still able to break $40k. It was an indication that we are moving high and going to its peak soon. I keep holding and wait for the perfect time to sell.

What bear market can we talk about when bitcoin has done x3 this year? The bear season for bitcoin ended a year ago. I think there might be a small bear market before the halving, but afterwards there will be a prolonged bull run again. Hopefully a year from now the price will be higher than it is now.

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Quote from: dansus021 on December 21, 2023, 09:59:50 PM

Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

At the time that the price of Bitcoin reaches $40k, I'd say the bear season is over. And eve there is price correction may happen in the coming days, yet still not enough ground to say that we're turning back to a bearish market again but that is absolutely a normal scenario in a volatile market.

The entire year of 2023 isn't really looking good as we have a lot of market struggles but fortunately, the price of Bitcoin is still able to break $40k. It was an indication that we are moving high and going to its peak soon. I keep holding and wait for the perfect time to sell.

CageMabok

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Quote from: yohananaomi on December 21, 2023, 01:14:50 AM

It might happen with your prediction, but usually before entering the halving era, Bitcoin will tend to experience a correction first, which will trigger a movement to increase later.So after the correction occurs, the movement will slowly continue to be carried out by Bitcoin until it reaches a renewable ATH, which will be done in 2025.So there is still an opportunity before the halving period for those who want to invest by continuing to buy through whatever scheme is the best they can do.

The trigger for price movements is caused by many people buying when they see larger price corrections and also smaller price corrections. Because the Bitcoin price will not be able to move on its own without the help of a very large number of buyers and traders in the market, so anyone can only conclude or speculate that the level of involvement of many people in the market is the cause of triggering Bitcoin price movements in the market with for any reason or by expecting any moment in this quite positive trend.

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Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.

The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now

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Quote from: cakravothy on December 12, 2023, 09:09:18 PM

Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

this now until next year maybe until 2025 bitcoin price still uptrend and bull run trend.
if want bear market need wait until after 2025, because in 2024 bitcoin price halving so all much people demand high want buy bitcoin

It might happen with your prediction, but usually before entering the halving era, Bitcoin will tend to experience a correction first, which will trigger a movement to increase later.So after the correction occurs, the movement will slowly continue to be carried out by Bitcoin until it reaches a renewable ATH, which will be done in 2025.So there is still an opportunity before the halving period for those who want to invest by continuing to buy through whatever scheme is the best they can do.

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Quote from: AnonBitCoiner on December 15, 2023, 11:12:19 AM

Quote from: Aanuoluwatofunmi on November 27, 2023, 12:42:05 PM

You're right, sometimes not every kind of breaking news affect the market price, some would have thought about many things regarding this, but yet nothing changed than things were going as normal as being expected, i don't think the value of BNB would also be affected by any means, because what i first thought when I heard about the news was that the exchange will be affected with government regulations and this can cause any form of stoppage in any of their operations or services, but i discovered i was wrong also, this remaining days for 2023 is more for bullish.

Market can sometimes be effected by news but not all the time because previously there was a news about Elon musk that he sell all of his bitcoin which effected the price of bitcoin and it reduced to tha worth of 26k$ but again positive news were developed which totally altered the Bitcoin's value and it touched 44k$. So if bitcoin can be effected by news then its simple that other type of coin like BNB will also be influenced by it.

All the time it is not effected and also the effect on btc is for short time and again it takes positive turn to give benefit to its holders. New effects in the way that people often work according to news so bitcoin demand increases so greater the demand greater will be its worthiness. Now a days you will be familiar that news about halving is spreaded all over the world which elevates the demand and directly there is surge in Bitcoin's cost.

Every negative news has different effects in the market, just like what you mentioned about years ago when there was news that Elon Musk or at least his company sold his Bitcoin and the market reacted by selling and there was a massive decline.

But recently, there was also a negative news about CZ and his Binance and billions and penalty. But the market didn't react to that news and instead the price remain steady and then a few bumps to $44,000. So it's really up to the sentiments of the market, whether we will reacting negatively and a lot of investors selling or the emotions are just in a straight line, no reaction whatsoever.

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Quote from: Aanuoluwatofunmi on November 27, 2023, 12:42:05 PM

You're right, sometimes not every kind of breaking news affect the market price, some would have thought about many things regarding this, but yet nothing changed than things were going as normal as being expected, i don't think the value of BNB would also be affected by any means, because what i first thought when I heard about the news was that the exchange will be affected with government regulations and this can cause any form of stoppage in any of their operations or services, but i discovered i was wrong also, this remaining days for 2023 is more for bullish.

Market can sometimes be effected by news but not all the time because previously there was a news about Elon musk that he sell all of his bitcoin which effected the price of bitcoin and it reduced to tha worth of 26k$ but again positive news were developed which totally altered the Bitcoin's value and it touched 44k$. So if bitcoin can be effected by news then its simple that other type of coin like BNB will also be influenced by it.

All the time it is not effected and also the effect on btc is for short time and again it takes positive turn to give benefit to its holders. New effects in the way that people often work according to news so bitcoin demand increases so greater the demand greater will be its worthiness. Now a days you will be familiar that news about halving is spreaded all over the world which elevates the demand and directly there is surge in Bitcoin's cost.

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Quote from: Minor Miner on December 12, 2023, 10:00:41 PM

Quote from: Dave1 on December 12, 2023, 06:30:10 AM

Quote from: GeorgeJohn on December 11, 2023, 03:12:37 PM

Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly, so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

Black swan events are unexpected things that we cannot predict, so it will be difficult to confirm anything. But if we eliminate black swan events from our predictions, I can confidently say that bear season is over, and we are in the pre-bull phase. There won't be any more major dumping and the uptrend will remain the dominant trend until the halving occurs. If we keep speaking in general terms and always talk about black swans that can happen suddenly, no one will know anything. No one has a crystal ball to accurately predict the future.

For the benefit of some possible noobs that might be able to read up on whats a BLACK SWAN. So here's some brief explanation.

A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable.
Source: https://corporatefinanceinstitute.com/resources/economics/black-swan-event/

When it comes to this situation then this market is really that could possibly happen on point on which it do make out those market crashes or huge correction.
It isnt really something new and if you've been here on this market for a while or several years already then for sure you are already getting used to it
but sometimes it cant really be just that avoided for you to have those reactions even if you are already that experienced into this market.
You would really be having those common reactions that you would really be having along the way. This is why you shouldnt really be losing up your cool but instead if
Black swans do happen then you should really be that wise on how you would really be securing yourself to have some good buys.

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Quote from: Dave1 on December 12, 2023, 06:30:10 AM

Quote from: GeorgeJohn on December 11, 2023, 03:12:37 PM

Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly, so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

Black swan events are unexpected things that we cannot predict, so it will be difficult to confirm anything. But if we eliminate black swan events from our predictions, I can confidently say that bear season is over, and we are in the pre-bull phase. There won't be any more major dumping and the uptrend will remain the dominant trend until the halving occurs. If we keep speaking in general terms and always talk about black swans that can happen suddenly, no one will know anything. No one has a crystal ball to accurately predict the future.

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Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

this now until next year maybe until 2025 bitcoin price still uptrend and bull run trend.
if want bear market need wait until after 2025, because in 2024 bitcoin price halving so all much people demand high want buy bitcoin

Dave1

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Quote from: GeorgeJohn on December 11, 2023, 03:12:37 PM

Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly, so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

And after a month from the OP's thread, we have seen the price almost crossed $45k. With that, and within two weeks before the end of the year, we might say that we are in the tail end of the bear market.

Prices since the lowest low last year of $15,500 has more than doubled already. So it's a indication that the bullish sentiments will go till the end of the year.

Unless there will a black swan event, but from the looks of it, I guess we are over with negative news.

GeorgeJohn

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Quote from: KFC786 on November 19, 2023, 11:32:33 PM

Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭

actually it doesn't work like that, because what determine the increment of bitcoin is the gravitation of the demands and the supply, when the supply is higher than the demands the price of bitcoin get increased but a process whereby the supply is higher than the demands, its obvious that price of bitcoin may absolutely drop unexpectedly, so bitcoin price reaching thirty thousand to thirty seven thousand [30k-37k] does not mean that it has escape bearish season, the price can fall at any point in time due to the level or the status of the demands in the market

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Quote from: fzkto on December 11, 2023, 10:06:41 AM

Quote from: bhadz on December 11, 2023, 08:14:27 AM

There was a flash crash that happened a few hours ago and that probably had made people think that we're again in the bear market. No, we're probably truly over with the bear market and done with it.

Quote from: taufik123 on December 11, 2023, 07:31:39 AM

There are several FUD and News appearing simultaneously, making the price unstable.
But it is clear that Bitcoin going forward is quite positive and clear, because the halving is about to happen.

It is expected that there will be several of them when it seems so stable currently. But then, even with those, the market will remain to be stable and hard to remove on the line of being bullish. We're likely on the small points of the bull run already until it crosses the date of halving and we only have to be patient while waiting for the actual confirmation of it.

There have been many such drops this year, but bitcoin still has an uptrend. There is no such thing as constant growth and you should buy on such drops. The global bear market is over for bitcoin in early 2023. There will be a halving next year which will make bitcoin continue to rise.

Can't say the bear's back just 'cause prices dropped some. Seen it dip plenty this year, but bitcoins still climbing overall. Way I figure, barring some black swan the global bear market ended for bitcoin a while back in early 2023 or so.

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Quote from: fzkto on December 11, 2023, 10:06:41 AM

Quote from: bhadz on December 11, 2023, 08:14:27 AM

There was a flash crash that happened a few hours ago and that probably had made people think that we're again in the bear market. No, we're probably truly over with the bear market and done with it.

There have been many such drops this year, but bitcoin still has an uptrend.

Yup, taking a look back for the month of January this year and looking at the current price now. You'll realize that we're just getting started and we're not yet at the top of it. Too much of things happened but still this year ended well, may not be the peak and expectation of many but still a good ending no doubt.

Quote from: fzkto on December 11, 2023, 10:06:41 AM

The global bear market is over for bitcoin in early 2023. There will be a halving next year which will make bitcoin continue to rise.

And aside from halving which is the main thing that we have for Bitcoin on 2024, do not forget about the several Bitcoin ETF applications that have been made and likely as they say have high chance of approval.

fzkto

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Quote from: bhadz on December 11, 2023, 08:14:27 AM

There was a flash crash that happened a few hours ago and that probably had made people think that we're again in the bear market. No, we're probably truly over with the bear market and done with it.

Quote from: taufik123 on December 11, 2023, 07:31:39 AM

There are several FUD and News appearing simultaneously, making the price unstable.
But it is clear that Bitcoin going forward is quite positive and clear, because the halving is about to happen.

It is expected that there will be several of them when it seems so stable currently. But then, even with those, the market will remain to be stable and hard to remove on the line of being bullish. We're likely on the small points of the bull run already until it crosses the date of halving and we only have to be patient while waiting for the actual confirmation of it.

There have been many such drops this year, but bitcoin still has an uptrend. There is no such thing as constant growth and you should buy on such drops. The global bear market is over for bitcoin in early 2023. There will be a halving next year which will make bitcoin continue to rise.

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Quote from: KennyR on December 09, 2023, 06:57:41 PM

Quote from: siniminomorocomunisakito on December 09, 2023, 04:59:41 AM

Quote from: khiholangkang on December 09, 2023, 04:02:27 AM

The whole movement cannot be explained but it seems that we are in a bullish zone in my opinion, even though we are still wondering and without any certainty in which direction bitcoin will move next, yes economic news sometimes affects the movement of bitcoin but sometimes bitcoin is not affected by such things.

Maybe the FOMC meeting on the 12th-13th of the fed will affect the movement of bitcoin or not, if interest rates decrease, it is likely that we will be above $45k at the end of the year, if I predict that today's interest rates are very high, so it is likely that interest rate cuts will be done, and yes, bitcoin will always be attractive to buy, institutional investors will buy bitcoin if that happens. IMO
The $40k level is strong enough in my opinion, despite the negative news.

Judging from the graph, the price will fall because the price is very high, now it is $43,836. Another assumption is that in a few days it will be a holiday, so it is natural that there will be a slight correction later. But let's hope not because the excitement has only just begun. I am also waiting for BTC in the 48K Area

Almost every year we used to experience good bounce in the market during the last month. This time the same had taken place and bitcoin is at better position. This doesn't look like a very high price, and the altcoins season hadn't started. When that gets started we can expect the growth in better scale as the mutual growth begins, which is the real bullish trend. However the bear trend of the market is over long back itself.

The current price is not yet the highest, although bitcoin has been rising periodically for almost 3 months without stopping, today bitcoin corrected to $ 41k, if bitcoin fails to retest to support at the $ 40k level, then we have a fairly strong support at Levelv $ 38k.

There is still enough time to collect bitcoin, the bearish trend is indeed over and we are in the growth period of bitcoin adoption, saying the bullish season is also still a question mark because we need a big catalyst to confirm it, but keep in mind that indeed the bearish in my personal opinion is over, maybe after the halving we will experience a fairly deep correction before forming a new ATH.

Zanab247

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If you have the money to invest in BTC, you can go ahead and invest now because bear market is still on for investors to use the opportunity to buy as much they want and hodl for the season of earning to come before they can release to make some reasonable profits. I think the bear market will soon leave the market and, it will help you to be part of those that will get luck in their investment when the bull run show up in the market and it will take a long period before bear market will occur for investors to buy again.

I bought some BTC few hours ago when the price fall back to $42k and, i will hodl it till $100k occur next year which is the mind set of many hodlers right now before they will believe that bull market has come to stay.

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Quote from: STT on December 09, 2023, 01:16:20 PM

Bitcoin fluctuations cannot be fully predicted.
This depends on how Bitcoin trends and is also influenced by fundamentals that sometimes put pressure on Bitcoin.

There are several FUD and News appearing simultaneously, making the price unstable.
But it is clear that Bitcoin going forward is quite positive and clear, because the halving is about to happen.

This encourages new investors and existing investors to start re-entering and securing their positions.
2024-2025 will be quite anticipated years, because there are various kinds of speculations that Bitcoin began to Bull Run and will reach a new ATH,
now is the beginning to reach the highest price of Bitcoin.

Trading does look difficult, but as a good enough option, being a Holder is probably the best option for those who will hold back long term.
Holding only requires patience and determines the price target to be achieved.

Just a drop of 4% and we have already seen fuds which is nothing new for us and moreover we might see similar fluctuations more often before the halving and more newbies or naive investors selling off which might have very little impact as it might change the market equilibrium between supply and demand. Indeed patience is the most important aspect of we have to survive in crypto world and so many losers end up as losers because of their impatience which let's to buying due to FOMO and selling off due to Fuds.

But honestly this has been the period of the year for Bitcoin and some other altcoins a well and this would definitely pool in more investors and they should understand how crypto works else end up making same mistake of going by emotions.

bhadz

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There was a flash crash that happened a few hours ago and that probably had made people think that we're again in the bear market. No, we're probably truly over with the bear market and done with it.

Quote from: taufik123 on December 11, 2023, 07:31:39 AM

There are several FUD and News appearing simultaneously, making the price unstable.
But it is clear that Bitcoin going forward is quite positive and clear, because the halving is about to happen.

It is expected that there will be several of them when it seems so stable currently. But then, even with those, the market will remain to be stable and hard to remove on the line of being bullish. We're likely on the small points of the bull run already until it crosses the date of halving and we only have to be patient while waiting for the actual confirmation of it.

Topic: Is Bitcoin Bear Market over? - page 3. (Read 1340 times)